Originally Posted by ColdNoMore (Post 1640504)

Methinks instead of spending $500k bribing school officials to get your two daughters into college, spending a fraction of that on tutors and hard studying to bring their SAT's up...would have been money much better spent. :oops:

:ohdear:

Originally Posted by New Englander (Post 1640842)

It can happen, but beautiful people rarely go to jail.

Originally Posted by thetruth (Post 1640275)

Easy to get-reduces the value.
Students to go into debt. In the real world there are many options. Military service comes to mind. I went to a community college for a two year degree. Cost was very reasonable. I then transferred to a four year school and got my 4 year degree there.

Bills?
I worked and saved all through high school. I had roughly 10,000 in savings FROM WORK. In today's dollars that is roughly 60,000. After getting my degree, I planed on relaxing a bit.
The cam e the bank note-congratulation on your graduation your first payment on YOUR LOAN is due ????????? I had my degree. I owed 13,000 in today's dollars roughly 80,000. I got married, my net worth was negative numbers. We lived cheap, I worked a second part time job and WE PAID OUR BILLS.
FAIR? In my world fair is you make your choices and YOU pay the price of the choices you made. I for one do not understand the current thought that you should benefit when things go well and someone else should pay for your mistakes.
Was college a mistake? I can't answer that. A path not taken is my best thought on that.

Originally Posted by graciegirl (Post 1640873)

Well said. I don't think people should be able to continue to get money for college loans if they are failing. I see people on Judge Judy who are in their thirties and forties and in a college program and using the money to take vacations and get botox.

Originally Posted by graciegirl (Post 1640873)

Well said. I don't think people should be able to continue to get money for college loans if they are failing. I see people on Judge Judy who are in their thirties and forties and in a college program and using the money to take vacations and get botox.

Originally Posted by retiredguy123 (Post 1640881)

I still remember years ago watching Federal agents towing and repossessing a Mercedes from a multi-million dollar house in Atlanta to collect on a student loan. The house was owned by a very successful, middle aged doctor. I also remember a 68 year old woman, who called in to a legal talk show. She wanted to sell a piece of property to retire, but wanted the lawyer to advise her on how to avoid the proceeds from being used to pay off her student loan. If you have a student loan, pay it off. The total student loan debt is now more than 1.5 trillion dollars, and about 12 percent of the loans are in default.

Originally Posted by graciegirl (Post 1640873)

Well said. I don't think people should be able to continue to get money for college loans if they are failing. I see people on Judge Judy who are in their thirties and forties and in a college program and using the money to take vacations and get botox.

Originally Posted by Bucco (Post 1640879)

The government agrees with Judge Judy..


"You need to make satisfactory academic progress in order to continue receiving federal student aid. In other words, you have to make good enough grades, and complete enough classes (credits, hours, etc.), to keep moving toward successfully completing your degree or certificate in a time period that’s acceptable to your school."

https://studentaid.ed.gov/sa/eligibi...aying-eligible

While student loans have absolutely nothing to do with this thread, thought maybe if maybe wants to begin a thread on that ubject instead of hijacking this one....this may be a good start

Originally Posted by retiredguy123 (Post 1640893)

I'm not sure that I agree that the thread has nothing to do with student loans. I think that the only reason people were charged with a crime is because the colleges use Federal money. If they were totally private schools, what would be the crime? Much of the money that funds colleges comes from Federal student loans. If you want to put these actors in jail, then you should also put others in jail who abuse the system that uses Federal funds for college. This includes some students and some of the people who manage the schools. There is plenty of waste and corruption in the college system. I am just saying that, when you decide to put people in jail, you need to consider the overall system, and who is abusing it the most.

Originally Posted by Bucco (Post 1640883)

"....using the money to take vacations and get botox"



" When a borrower takes out a student loan, the money is disbursed directly to the college, meaning the college receives its money immediately. The borrower then becomes responsible for repaying the loan. In the case of a federal student loan, the federal government is responsible for ensuring the borrower repays the loan in full."

How The Federal Government Could Control College Costs

Originally Posted by retiredguy123 (Post 1640893)

I'm not sure that I agree that the thread has nothing to do with student loans. I think that the only reason people were charged with a crime is because the colleges use Federal money. If they were totally private schools, what would be the crime? Much of the money that funds colleges comes from Federal student loans. If you want to put these actors in jail, then you should also put others in jail who abuse the system that uses Federal funds for college. This includes some students and some of the people who manage the schools. There is plenty of waste and corruption in the college system. I am just saying that, when you decide to put people in jail, you need to consider the overall system, and who is abusing it the most.