The College Conspiracy...
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The College Conspiracy...
How the sutdent loan scheme just puts people into debt forever.
Tim.
Tim.
Rockhopper- Posts : 4282
Join date : 2014-06-13
Age : 79
Location : Island Paradise
Re: The College Conspiracy...
My disability status has me seeing nearly 60k wiped clean, but only so long as I stay away from other similar financial undertakings, which I won;t as I have my degrees, albeit from a pricey online college, so not sure how valued in the real world they are, but hey, I did not wish to go out of this world w/o a education, but how can one pay back a loan when they have no way to be employed due to lousy and poor health?
Lenzabi- Admin
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Re: The College Conspiracy...
Know what you're sayin' Len. I got my Engineering Degree when I was in the Navy for free. Today everyone here has to pay for theirs now.
It's always a good thing to have even if you go off into other occupations.
Tim.
It's always a good thing to have even if you go off into other occupations.
Tim.
Rockhopper- Posts : 4282
Join date : 2014-06-13
Age : 79
Location : Island Paradise
Re: The College Conspiracy...
Rockhopper wrote:Know what you're sayin' Len. I got my Engineering Degree when I was in the Navy for free. Today everyone here has to pay for theirs now.
It's always a good thing to have even if you go off into other occupations.
Tim.
In my case no one wants to hire a potential health-time-bomb, I could have a heart attack or stroke any time, and on a work site, that disrupts other workers.
Lenzabi- Admin
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Re: The College Conspiracy...
The other option for you is to find a niche and fill it Len. Find something you can do or make and go for it.
Tim.
Tim.
Rockhopper- Posts : 4282
Join date : 2014-06-13
Age : 79
Location : Island Paradise
Re: The College Conspiracy...
Now as for the OP, so many people are trapped in having to pay back their loans, huge loans they are, and that if they do not pay right, the interest is all that gets paid for year, the principal still untouched. Decades of working to pay a loan that is hard to pay back.
Lenzabi- Admin
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Re: The College Conspiracy...
I agree Len, they have a 30 year mortgage before they have even bought a house.
Tim.
Tim.
Rockhopper- Posts : 4282
Join date : 2014-06-13
Age : 79
Location : Island Paradise
Re: The College Conspiracy...
Rockhopper wrote:I agree Len, they have a 30 year mortgage before they have even bought a house.
Tim.
And that is not if they pay just the interest, but the massive principal of the loans
Lenzabi- Admin
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Re: The College Conspiracy...
That is the advantage of a Jubilee Len. Every 50 years all debts are written off and it allows people to start over again.
Perhaps we should bring it back in?
Tim.
Perhaps we should bring it back in?
Tim.
Rockhopper- Posts : 4282
Join date : 2014-06-13
Age : 79
Location : Island Paradise
Re: The College Conspiracy...
Rockhopper wrote:That is the advantage of a Jubilee Len. Every 50 years all debts are written off and it allows people to start over again.
Perhaps we should bring it back in?
Tim.
That would be a good idea and help people a lot, most likely why the debt-slavers will not do that as it will remove their power over the masses.
Lenzabi- Admin
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Join date : 2014-06-11
Age : 60
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