Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#46
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And once the government gets into control then there will be ever increasing costs and inefficiencies....just because it is the government....and they do not use check book discipline. |
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#47
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Legally, "predatory lending" can only apply if the borrower is mentally unfit...otherwise the court will determine it just "foolish borrowing". it's almost like a lot of people don't read the loan document.
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#48
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Its almost like an 18 year old is economically naive. Who would have thought...
As far as "free", it makes sense to have members of society educated enough so they can contribute more. In the long run, that pays for itself. |
#49
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I had a lovely 75 year old lady next to me by the computers at the university. She had the most amazing large diamond on her finger, made it hard for her to type. I found out that she owned a large number of pharmacies, and was quite well off, but she never got her master’s degree. At graduation, she was the oldest student on the stage. Last edited by Velvet; 11-11-2019 at 11:53 AM. |
#50
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I think this is what the thread is about.
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Identifying as Mr. Helpful |
#51
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Sounds like your son did not read documents. Sounds like parents did not assist in understanding. Nothing is free.
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Identifying as Mr. Helpful |
#52
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Simple and accurate.
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Identifying as Mr. Helpful |
#53
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#54
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Well if this thread is solely about money, then we need to consider the real cost of higher education. It is not only the tuition fees, residence and living expenses, it is also the foregone income. Assuming a job after 2 years of college, one starts to earn a salary, compared to 4 years for BA, 2 years for MA, then professional certification, or residency etc or 6 years for PhD (which is the norm in my field) in some it can be only 4 years. So at least 8 years of foregone income should be added to the direct expenses to calculate the true price of education.
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#55
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#56
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Retired, your comment is very reasonable. I was trying to look at the bigger picture. For the students at age 18 or so to make those financial calculations, they need guidance either from parents or counselors. In their young, ideal state of mind, I’m not sure how many actually think it through.
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#57
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#58
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Well as an educator, you can guess what my answer would be, the school system needs to do a better job educating the students about financial decisions and responsibilities (since we can’t guarantee the parents will).
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#59
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I totally agree.
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#60
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It is about responsibility and honoring one's commitment...AS AGREED TO AND SIGNED FOR..... Most of what we hear about is how unfair it is to expect people to to be burdened with such unreasonable education debt. It was certainly not unreasonable when the agreed with the criteria to get the money. It is a shame the responsibility has been politicized and now makes the obligation a selective decision.....with no penalty. Too many of us have been in similar financially burdened times during those early years post graduation.....and made the right choices where and how/how not to spend our precious financial resources to MAKE SURE WE MET THE AGREED TO FINANCIAL OBLIGATION. There is no excuse to default on the loans and the government pick up the tab. We are becoming more and more tolerant of selective application of laws and obligations. |
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