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as if parents can prevent or dictate what degrees their children choose. Parents can't, unless there's some form of coercion involved. That was the point.
Lot of stupid parents out there allowing this to happen, too.
Not all college age kids are completely emancipated and loans are not their only source of income. Loans are a PART of a student financial aid package that includes parents' contributions.
I've decided that we won't require them to go to college unless they show an aptitude for it.
If I took the $200k my kid will have for school and just keep it invested instead, when he is 48 years old he will have around $1.5 million for retirement.[...]
Think about it. Would you rather have $1.5 million in the bank at 48 years old OR to say you graduated from XYZ college with some bullsh*t degree?
originally posted by: Liquesence
a reply to: Edumakated
I've decided that we won't require them to go to college unless they show an aptitude for it.
Their decision, not yours.
Think about it. Would you rather have $1.5 million in the bank at 48 years old OR to say you graduated from XYZ college with some bullsh*t degree?
Is that for you to decide for your child? Sounds like extortion. Ask he or she.
Do you want your "kid' to have his or her own life, or what you think it should be?
If I am paying for it, I have a say in the matter... Hopefully, my kid will be able to do the math. I am 46 years old. I'd much rather have $1.5 million in the bank than my two degrees.
I have no problem with a kid that wants to study Lesbian Art Theory. However, the reality is they can study that in their free time for free. You don't need to go to college to do that...
If they really want to study Lesbian Art Theory, then maybe they should go to a much cheaper school. Harvard ain't necessary for a soft major like that and it most certainly ain't worth taking on a small mortgage.
originally posted by: Liquesence
a reply to: Edumakated
If I am paying for it, I have a say in the matter... Hopefully, my kid will be able to do the math. I am 46 years old. I'd much rather have $1.5 million in the bank than my two degrees.
So you would condition your child's education on what you feel is best? That's my point about extortion. What you would want at 46 is irrelevant to what your child might want at 46 or what he/she wants for his/her future, and it's not up to you to withhold or condition that.
I have no problem with a kid that wants to study Lesbian Art Theory. However, the reality is they can study that in their free time for free. You don't need to go to college to do that...
Anyone can study anything for free. Books abound.
Hence the cost of college and working toward a degree.
If they really want to study Lesbian Art Theory, then maybe they should go to a much cheaper school. Harvard ain't necessary for a soft major like that and it most certainly ain't worth taking on a small mortgage.
But if that's what they want...Their life.
originally posted by: Krakatoa
a reply to: Liquesence
From my perspective, this attitude is EXACTLy the cuase of this crisis. Parents that shirk their DUTY to raise their children to think rationally about finance and not with their "feelz". If they wish to pursue some wack-a-doodle degree, why should a parent pay for something the will assure them a failed future?
Being a real parent means thinking and recommending the best for their children. And then explaining the downsides of those types of decisions and the long-term consequences of a bad decision. If they still elect to make that decision, then they need to know they will be doing so on their own dime. That is reality. As a parent, sometime tough love is the best approach. Basing every decision on "feelz" creates a person that fails to make the good decisions, then fails to live up to the consequences of those poor decisions.
originally posted by: PhilbertDezineck
originally posted by: Liquesence
a reply to: Edumakated
If I am paying for it, I have a say in the matter... Hopefully, my kid will be able to do the math. I am 46 years old. I'd much rather have $1.5 million in the bank than my two degrees.
So you would condition your child's education on what you feel is best? That's my point about extortion. What you would want at 46 is irrelevant to what your child might want at 46 or what he/she wants for his/her future, and it's not up to you to withhold or condition that.
I have no problem with a kid that wants to study Lesbian Art Theory. However, the reality is they can study that in their free time for free. You don't need to go to college to do that...
Anyone can study anything for free. Books abound.
Hence the cost of college and working toward a degree.
If they really want to study Lesbian Art Theory, then maybe they should go to a much cheaper school. Harvard ain't necessary for a soft major like that and it most certainly ain't worth taking on a small mortgage.
But if that's what they want...Their life.
One question for you two. Is higher education for the potential of a better income or is it for personal exploration with self fulfillment the end goal?
originally posted by: Edumakated
originally posted by: Krakatoa
a reply to: Liquesence
From my perspective, this attitude is EXACTLy the cuase of this crisis. Parents that shirk their DUTY to raise their children to think rationally about finance and not with their "feelz". If they wish to pursue some wack-a-doodle degree, why should a parent pay for something the will assure them a failed future?
Being a real parent means thinking and recommending the best for their children. And then explaining the downsides of those types of decisions and the long-term consequences of a bad decision. If they still elect to make that decision, then they need to know they will be doing so on their own dime. That is reality. As a parent, sometime tough love is the best approach. Basing every decision on "feelz" creates a person that fails to make the good decisions, then fails to live up to the consequences of those poor decisions.
Thanks. Exactly what I was going to say. No need for to respond at this point.
originally posted by: Edumakated
originally posted by: PhilbertDezineck
originally posted by: Liquesence
a reply to: Edumakated
One question for you two. Is higher education for the potential of a better income or is it for personal exploration with self fulfillment the end goal?
I went to college specifically for job potential / income growth. Nothing more. Majored in business.
Like I said, you can study all that soft sh*t on your own. No need to pay tens of thousands of dollars to read a history book. Just go to a public library.
I didn't make it that far dropped out, went into manufacturing HAVC as a grunt working on the line. Ended up in QA for 35 years. Talking about soft stuff we had students in the day that had become professional students never getting a degree.
originally posted by: PhilbertDezineck
originally posted by: Edumakated
originally posted by: PhilbertDezineck
originally posted by: Liquesence
a reply to: Edumakated
One question for you two. Is higher education for the potential of a better income or is it for personal exploration with self fulfillment the end goal?
I went to college specifically for job potential / income growth. Nothing more. Majored in business.
Like I said, you can study all that soft sh*t on your own. No need to pay tens of thousands of dollars to read a history book. Just go to a public library.
I didn't make it that far dropped out, went into manufacturing HAVC as a grunt working on the line. Ended up in QA for 35 years. Talking about soft stuff we had students in the day that had become professional students never getting a degree.
Yeah, we called them "super seniors" at my school. Guys literally in their 6th or 7th year of school. Always majored in social science stuff... history, black history, etc. They were always the campus agitators, etc. Basically professional students and social justice warriors.
I just realized the other day that despite paying a little towards my loans for almost a year, I currently owe more now than before I started paying at all.
What would be fair is if you take out loans for say $40,000 to cover your education, and then you pay back $42,000 flat afterwards.
originally posted by: trollz
a reply to: JAGStorm
1. The amount of debt being taken out:
I had no choice in this, and I think many colleges are massively overcharging for their courses. For example, one of my courses was about $1,400. It was an online course with a professor who lived in some other state and had no interaction with the "class" itself, and the only material for it was a single e-book. No tests, no quizzes, just read the e-book. And it cost me $1,400 just for that one course.
2. Students not understanding INTEREST:
I just realized the other day that despite paying a little towards my loans for almost a year, I currently owe more now than before I started paying at all. I don't care who doesn't understand what, something is absolutely *ed up with the kind of system where despite making payments for a year, you end up owing more than before you started paying anything at all. I don't care who disagrees with this - I think interest on student loans in its current state should be illegal. It's nothing more than predatory. What would be fair is if you take out loans for say $40,000 to cover your education, and then you pay back $42,000 flat afterwards.
originally posted by: trollz
a reply to: JAGStorm
1. The amount of debt being taken out:
I had no choice in this, and I think many colleges are massively overcharging for their courses. For example, one of my courses was about $1,400. It was an online course with a professor who lived in some other state and had no interaction with the "class" itself, and the only material for it was a single e-book. No tests, no quizzes, just read the e-book. And it cost me $1,400 just for that one course.
2. Students not understanding INTEREST:
I just realized the other day that despite paying a little towards my loans for almost a year, I currently owe more now than before I started paying at all. I don't care who doesn't understand what, something is absolutely *ed up with the kind of system where despite making payments for a year, you end up owing more than before you started paying anything at all. I don't care who disagrees with this - I think interest on student loans in its current state should be illegal. It's nothing more than predatory. What would be fair is if you take out loans for say $40,000 to cover your education, and then you pay back $42,000 flat afterwards.
originally posted by: dogstar23
a reply to: JAGStorm
I just hope they never "erase" student loan debt. For too many years I struggled and did without a great many things because of my student loan payments. Now that they're finally paid off, I don't want to pay for other's to get ahead while I (my tax dollars) pay for their unpaid debts.
originally posted by: Hypntick
a reply to: JAGStorm
I think the figure that only 5% of graduate degree earners are defaulting is interesting. Is it because the jobs they have actually pay more than the degree they received? I know that's true in my case, I have a BS, MS, and MBA, paid off 70k of loan debt this year. Sometime Q1 next year I should have the last of it paid off, considering I've only held that debt for 6 years, that's not a bad turn on investment. That's coupled with a maxed out retirement account, investment accounts, and building a house for myself.
I will say that college is not for everyone, I don't think it was intended to be that way from the beginning. Shame that just about every job requires a degree of some sort these days.