Student Loan Fugitives

know1

http://money.cnn.com/2008/10/23/pf/college/student_loan_fugitives/index.htm?eref=rss_topstories

It's pretty pathetic to flee the country to avoid paying your debts. That's stealing, in my book.

Plus, it's incredibly irresponsible to rack up $70K in student load debts, anyway. If you've got to borrow that much, then you're going to the wrong university, in my opinion.

This one's even better: "Chris (who doesn't want his last name used) graduated with about $160,000 in student loan debt with a master's degree in music". Are you kidding me?

_

know1 wrote:

http://money.cnn.com/2008/10/23/pf/college/student_loan_fugitives/index.htm?eref=rss_topstories

It's pretty pathetic to flee the country to avoid paying your debts. That's stealing, in my book.

Plus, it's incredibly irresponsible to rack up $70K in student load debts, anyway. If you've got to borrow that much, then you're going to the wrong university, in my opinion.

It's even more pathetic to live in a country where you have to go into default on your student loans because of medical expenses. Plus, it looks like he didn't take out $70,000 worth of loans but that the amount is significantly increasing because of interest.

nothinghead

This whole situation seems messed up, a product of two very broken systems.

know1

scb wrote:

It's even more pathetic to live in a country where you have to go into default on your student loans because of medical expenses. Plus, it looks like he didn't take out $70,000 worth of loans but that the amount is significantly increasing because of interest.

Or you can look at it from the opposite - that perhaps they could have afforded their medical expenses if they weren't so far in debt for school. It's mostly about choices. There are plenty of people who make it through school without racking up that kind of debt.

nothinghead

know1 wrote:

Or you can look at it from the opposite - that perhaps they could have afforded their medical expenses if they weren't so far in debt for school. It's mostly about choices. There are plenty of people who make it through school without racking up that kind of debt.

Well, I'm sure they chose to incur heavy medical expenses.

Mrs.Vedder78

know1 wrote:

Or you can look at it from the opposite - that perhaps they could have afforded their medical expenses if they weren't so far in debt for school. It's mostly about choices. There are plenty of people who make it through school without racking up that kind of debt.

how can anyone not see that??? People obviously chose to have really high medical bills... so simple ... :rolleyes:

sponger

Having really high medical bills is a rite of adulthood in some states.

Smellyman2

It's like offshore tax shelters for the rich and corporations. except we are talking billions of dollars...

know1

Mrs_Vedder78 wrote:

how can anyone not see that??? People obviously chose to have really high medical bills... so simple ... :rolleyes:

No - they chose to leave themselves unprotected by having ridiculously high education bills.

Dylan Stone

know1 wrote:

No - they chose to leave themselves unprotected by having ridiculously high education bills.

You come across as such a self-righteous, uninformed elitest it makes me sick. I stay off this forum recently because of you and your annoying crap.

Let's say... for example you live in NY state and want a decent education. Here are the numbers....

http://www.suny.edu/Student/paying_tuition.cfm

So... to live on campus...as many have to in order to attend a decent school that has the major they would like to study... or because they do not have reliable transportation to a school that is anywhere near to where they live etc... well to live ON CAMPUS... their estimated annual costs are over 18,00/year. Multiply times four years = over 70,000. This is a state institution... and pretty much the most inexpensive way to receive a four year education in the state of New York. Additionally... this person has not yet even attended graduate school... which is quite necessary in many fields today. Not to mention that even if they commuted to school... their four year education would still run $50,000.

And if they didn't go to school... they would be a lazy fuck without any motivation to better themselves wouldn't they be? And they would deserve the shit jobs that they may end up working... SO I guess if you don't come from money...in the US... you should just forget about attending school and stay where you were meant to be. Poor, uneducated and serving the rich. CHOOSE to do that so you can pay your medical bills when you are working some shit job that has minimal health coverage... because that is all most people end up with if they do not have an education... So yes... do that instead of CHOOSING to pay for your education. Then you can have medical bills and no education! Ahhh... The choices.

And btw... yes... they could work while going to school and reduce the costs... the debt... many have to go into to obtain their education. They could work the kinds of jobs that MOST students work... minimum wage ones. And what about those that have situations that don't allow them to work enough hours to make anything that = anything (MOST.) Like those with IQ's of 107 that struggle their asses off to better themsleves and get their degree and have to study an exorbitant amount.

Ahhh... Fuck em. If you started out poor stay that way. Don't try to get ahead. And while we're at it... Let the rich have all the tax cuts given to them under the Bush plan and keep the poor fucks where they are.

And watch this country fall even further.......

Enjoy your Sunday.

Dylan Stone

And for the record.

I incurred student debt and paid it. I incurred over 80,000 attending NEW YORK STATE schools... under graduate and graduate. I paid it back when I inherited $. I would have never just skated on my bills... unless I had NO CHOICE.

That appears to be what has happened to many of these people. Many have NO CHOICE. Oh yeah. That's right. It was their choice. When they had high hopes of bettering themsleves and their families and CHOSE to go to school. They should have started a career at McDonalds just in case one day they are diagnosed with cancer, in a car wreck or have a child born with cystic fibrosis.

THINK AHEAD, PEOPLE!!!! Plan for your future!!! Silly, silly people going to college. :rolleyes:

Dylan Stone

know1 wrote:

Plus, it's incredibly irresponsible to rack up $70K in student load debts, anyway. If you've got to borrow that much, then you're going to the wrong university, in my opinion.

http://www.suny.edu/Student/paying_tuition.cfm

justam

know1 wrote:

http://money.cnn.com/2008/10/23/pf/college/student_loan_fugitives/index.htm?eref=rss_topstories

It's pretty pathetic to flee the country to avoid paying your debts. That's stealing, in my book.

Plus, it's incredibly irresponsible to rack up $70K in student load debts, anyway. If you've got to borrow that much, then you're going to the wrong university, in my opinion.

This one's even better: "Chris (who doesn't want his last name used) graduated with about $160,000 in student loan debt with a master's degree in music". Are you kidding me?

There are students graduating from the school my husband teaches at with debt like that. I think the kids are insane. Playing the harp at weddings, giving music lessons... and paying off a debt the size of a mortgage!

(I really shouldn't laugh. )

know1

GTFLYGIRL wrote:

You come across as such self-righteous, uninformed elitest it makes me sick. I stay off this forum recently because of you and your annoying crap.

Let's say... for example you live in NY state and want a decent education. Here are the numbers....

http://www.suny.edu/Student/paying_tuition.cfm

So... to live on campus...as many have to in order to attend a decent school that has the major they would like to study... or because they do not have reliable transportation to a school that is anywhere near to where they live etc... well to live ON CAMPUS... their estimated annual costs are over 18,00/year. Multiply times four years = over 70,000. This is a state institution... and pretty much the most inexpensive way to receive a four year education in the state of New York. Additionally... this person has not yet even attended graduate school... which is quite necessary in many fields today. Not to mention that even if they commuted to school... their four year education would still run $50,000.

And if they didn't go to school... they would be a lazy fuck without any motivation to better themselves wouldn't they be? And they would deserve the shit jobs that they may end up working... SO I guess if you don't come from money...in the US... you should just forget about attending school and stay where you were meant to be. Poor, uneducated and serving the rich. CHOOSE to do that so you can pay your medical bills when you are working some shit job that has minimal health coverage... because that is all you can get without an education... So yes... do that instead of CHOOSING to pay for your education. Then you can have medical bills and no education! Ahhh... The choices.

And btw... yes... they could work while going to school and reduce the costs... the debt... many have to go into to obtain their education. They could work the kinds of jobs that MOST students work... minimum wage ones. And what about those that have situations that don't allow them to work enough hours to make anything that = anything (MOST.) Like those with IQ's of 107 that struggle their asses off to better themsleves and get their degree and have to study an exorbitant amount.

Ahhh... Fuck em. If you started out poor stay that way. Don't try to get ahead. And while we're at it... Let the rich have all the tax cuts given to them under the Bush plan and keep the poor fucks where they are.

And watch this country fall even further.......

Enjoy your Sunday.

Sorry you feel that way.

For the record, I worked my way through college with very little help from my parents - about $1K per year.

I worked full-time while taking a full load of classes, worked more than full-time in the summers, lived in a single room with a shared kitchen and bathroom (shared with the roaches mostly), ate ramen noodles and didn't party at all. I drove a $500 car that I paid for completely on my own - insurance, gas, maintenance, etc.

I still ended up borrowing about $3000 for school and so I know what pain that was to pay off right after college working 12-hour night shifts on an assembly line in a factory. I'm also helping my wife pay off the $20K in debt she incurred.

I say all that to say this - I have experience with these types of things.

Not everyone can inherit money to pay off these very crippling loans. Perhaps if you hadn't, you might have a different experience.

They are a big mistake!!

But skipping the country to not pay them back is stealing and it raises the cost of school and rates for others.

LikeAnOpeningBandForTheSun

i would do anything to gain knowledge, and so should everyone else. I won't cry myself to sleep at night knowing some money lending usurer isnt getting his grossly inflated interest.

know1

MrSmith wrote:

i would do anything to gain knowledge, and so should everyone else. I won't cry myself to sleep at night knowing some money lending usurer isnt getting his grossly inflated interest.

Maybe the university wouldn't sleep at night if it decided to just not give you your degree, either.

ReleasH

Student loans are the ONLY option for paying for higher education for many people. I am fully aware of the risk of taking on six figures of debt but you can't claim that it is irresponsible for everyone to take out student loans.
Some people don't have the luxury (yes, I said luxury) of working your way through school, so loans are the only way to finance education.

Kel Varnsen

ReleasH wrote:

Student loans are the ONLY option for paying for higher education for many people. I am fully aware of the risk of taking on six figures of debt but you can't claim that it is irresponsible for everyone to take out student loans.
Some people don't have the luxury (yes, I said luxury) of working your way through school, so loans are the only way to finance education.

Why is working during university considered a luxury? If you want something that bad you should be willing to work for it and make sacrifices. Personally I got a job when I was 16 and started saving for university. On top of that I pretty much decided to live at home even though I got into a bunch of universities all over the place because I knew there was no way I could afford them (plus for the most part no one cares where you did your undergrad). I continued to work through most of school even though I was in a very difficult program. I think the fact that I had to work and pay for things myself and make sacrifices has made me value my education more than someone who just had it given to them or racked up a bunch of loans to pay for it.

ReleasH

Working while attending university is a luxury because it is simply not possible in some graduate programs. I agree that people should work hard to finance their education (I started working at 16 as well to save for school and went to the undergrad institution that gave me the most in scholarships). What I meant was that a lot of people assume that everyone can just work their way through school which is just not the case. Grad school is very expensive and I am required to be at school >80 hour/week. So unless I didn't sleep ever, I can't work to pay for school. I don't think that makes me appreciate my education any less. Working while getting an education is very tough and I applaud everyone who does, but I was trying to make the point that it isn't automatically irresponsible to take out loans to pay for school.

Dylan Stone

know1 wrote:

Sorry you feel that way.

For the record, I worked my way through college with very little help from my parents - about $1K per year.

I worked full-time while taking a full load of classes, worked more than full-time in the summers, lived in a single room with a shared kitchen and bathroom (shared with the roaches mostly), ate ramen noodles and didn't party at all. I drove a $500 car that I paid for completely on my own - insurance, gas, maintenance, etc.

I still ended up borrowing about $3000 for school and so I know what pain that was to pay off right after college working 12-hour night shifts on an assembly line in a factory. I'm also helping my wife pay off the $20K in debt she incurred.

I say all that to say this - I have experience with these types of things.

Not everyone can inherit money to pay off these very crippling loans. Perhaps if you hadn't, you might have a different experience.

They are a big mistake!!

But skipping the country to not pay them back is stealing and it raises the cost of school and rates for others.

Dude... i worked my way through college too. So do many people. Did you look at the numbers I presented? Did you see how the most inexpensive bachelors degree you can now get in NY state is 50,000 if you commute or 70,000 if you live on campus? JUST for an UNDERGRAD degree?

And even if you choose the 50,00 option... housing for four years in the cheapest of cheap rooms is what? $6000/year x 4 years is another 25,000 and you haven't eaten yet... You're back up to 70-75K for a four year education. What college student is in a position to handle that on their own? If they could... they may decide to skip college because they REALLY have their shit together!!!!

I'll crunch #'s later... but you still fail to see that if you go into it with no $ straight out of HS...or even 10K straight out of high school ...attending (which needs to include eating and living expenses) EVEN THE CHEAPEST OF SCHOOLS runs a minimum of about 70k to attend and recieve your 4 year degree.

So maybe that guy didn't attend the WRONG school. By this logic that you have presented...he shouldn't have attended ANY school.

(As let's face it...his actual loans were probably less than 70,000... that was what they are now with all the interest, fines etc..., yes?)

LikeAnOpeningBandForTheSun

GTFLYGIRL wrote:

Dude... i worked my way through college too. So do many people. Did you look at the numbers I presented? Did you see how the most inexpensive bachelors degree you can now get in NY state is 50,000 if you commute or 70,000 if you live on campus? JUST for an UNDERGRAD degree?

And even if you choose the 50,00 option... housing for four years in the cheapest of cheap rooms is what? $6000/year x 4 years is another 25,000 and you haven't eaten yet... You're back up to 70-75K for a four year education. What college student is in a position to handle that on their own? If they could... they may decide to skip college because they REALLY have their shit together!!!!

I'll crunch #'s later... but you still fail to see that if you go into it with no $ straight out of HS...or even 10K straight out of high school ...attending (which needs to include eating and living expenses) EVEN THE CHEAPEST OF SCHOOLS runs a minimum of about 70k to attend and recieve your 4 year degree.

So maybe that guy didn't attend the WRONG school. By this logic that you have presented...he shouldn't have attended ANY school.

(As let's face it...his actual loans were probably less than 70,000... that was what they are now with all the interest, fines etc..., yes?)

you should take what is given to you and be happy to be underpayed at Know1's landscaping business.