Thousands Apply to U.S. to Forgive Their Student Loans, Saying Schools Defrauded Them

[timosman]

That is actually quite a bit considering they are paying rent and making car payments , it would be similar to the same in low interest credit card debt. I hope they are putting away something for retirement .

 

[angelatc]

i mostly agree , i learned a lot more ( high tech electronics ) in the military and working in defense electronics after mil than i ever did in college , you will always learn more on the job than in school .

there is no reason for college loans to be so high when we loan the banksters money for about nothing .

I went to college because there was a shortage of skilled professionals in accounting in my area and my employer paid my tuition. Of course that meant I actually had to work which is unfathomable today.

 

[angelatc]

That is actually quite a bit considering they are paying rent and making car payments , it would be similar to the same in low interest credit card debt. I hope they are putting away something for retirement .

Gotta make that car payment! God forbid they drive a cheap beater. Oh wait - Obama crushed those for them.

 

[presence]

Irrelevant. The point is that those individuals themselves don't have to have licenses.

I used to work as an engineer. I didn't have a license. Yes, I worked for people with licenses. But I didn't have one. That was completely normal.

That's called racketeering. Its unfortunate you've become so accustomed to this condition that you consider it completely normal.

 

[Zippyjuan]

Americans are flooding the government with appeals to have their student loans forgiven on the grounds that schools deceived them with false promises of a well-paying career—part of a growing protest against years of surging college costs.

Having a diploma (or not having one) does not come with a guarantee of a well- paying job.

 

[Ronin Truth]

Hey new college grads, Judge Judy isn't on the SCOTUS.

 

[specsaregood]

//

 

[The Free Hornet]

You're not?

Jobs that require permission that is not likely to be granted:

- prostitute
- (recreational) drug merchant/maker/transporter
- anything under (local/state/federal) price control (aka wage controls)
- age restrictions (both too old - like pilot - or too young - like burger flipper - or !21 - please don't go to self-checkout or the youngest cashier with booze ... ya just holding up the line for all of us - also don't go to that line with gas additive, cold meds, compressed air, spray paint ...)
- hourly restrictions or overtime rules which artificially limt people at under 30 or ~40 hours per week necessitating people getting two or three jobs when they would be FAR, FAR more economically benefitted if they could just work 10-16 hr shifts 4-6 days at the same local [yes, I have mixed opinions on this point - no, I don't know what to do about people who will work 2-3 jobs because the market is so totally devoid of solutions]

This is without discussing

- CDL / taxi / uber
- medical ANYTHING
- legal / paralegal (watch 'Making a Murderer' if you want to know how much quality is guaranteed by someone having a law degree)
- 'hair braiding' + 1000 careers like 'floral arrangements' that will make you say "DA FUCK!!!"
- public dollar supported educator
- perversions across all insurance markets

Productive work is mostly outlawed and firmly under the 'mother may I" model.

 

[erowe1]

This is without discussing

- CDL / taxi / uber
- medical ANYTHING
- legal / paralegal (watch 'Making a Murderer' if you want to know how much quality is guaranteed by someone having a law degree)
- 'hair braiding' + 1000 careers like 'floral arrangements' that will make you say "DA FUCK!!!"
- public dollar supported educator
- perversions across all insurance markets

Notice how little correlation there is between this list and most college degrees, which was what the comment that I replied to mentioned.

 

[The Free Hornet]

Notice how little correlation there is between this list and most college degrees, which was what the comment that I replied to mentioned.

Da fuck?

Per this graph:
http://www.npr.org/sections/money/2...or-four-decades-of-college-degrees-in-1-graph

Education is 6%
Criminal justice (snark) 3%
Health professions 9%
Psychology 6% (not sure if applicable)
Public administration (whatever that is) 2%
Political science - the science of control - 2%
I'll take half of engineering - 2.3% (~from 4.6%)

Without knowing how many are pre-law or pre-med, I got about 30.3%. More so I've never claimed "most college degrees". Also almost all jobs outside of some salaried and some unpaid interns are going to fall under the wage/hourly restrictions already presented (and things you can't legally do like whore out your ass or sell drugs).

I'm not sure what point or ground you are defending here or why. It's a bad system, due for correction.

 

[euphemia]

This is what happens when people want something for nothing and to get rich without doing anything to earn it. The start-up online schools are a risk. If a student isn't bright enough to see a school doesn't have a track record and might not be financially solvent, there you go.

It is better in a lot of cases to go to a local bricks-and-mortar community college and pursue something the market needs.

 

[Paul Or Nothing II]

Schools didn't defraud anybody.

We're talking about a bunch of kids whose parents drilled into them the importance of education and the irrelevance of debt.

So here's a bunch of teenagers getting "paid" to stay in school and make their parents happy living it up away from home without producing squat.

No better than government employees.

Having a diploma (or not having one) does not come with a guarantee of a well- paying job.

Buyer's remorse!

 

[angelatc]

It is better in a lot of cases to go to a local bricks-and-mortar community college and pursue something the market needs.

I do not disagree. But how are kids best suited to determine what the markets will need in the next 5-10 years? They aren't . And neither is the government. The producers are best at that.

Maybe we could meet the students in the middle and just not charge interest on the loans. The government loans it to the banks interest free, so just cut out the middle man.