Forgive Student Loans?

#226
#226
OHvol40 said:
Individual universities have no incentive to stop, their motivation is isn’t to provide graduates to supplement the need of certain market sectors, it’s purely fiscal. They would need instructed/motivated otherwise.

Likewise, private lenders generally have no such incentive to control who they lend their money to based on degree, they are incentivized to lend to students whose parents have the best credit scores. Private student loans have been around for a long time and they have set no criteria for future job prospects on their lending practices, they are primarily concerned with the co-signer’s income.
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Are these loans you're talking about subject to bankruptcy?
 
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#227
#227
Rasputin_Vol said:
Where did you get this info? Just in my electrical engineering class, we only had about 15 people graduate.

Edit: I see what is going on here. They are lumping all of these bogus degrees together in social sciences. I bet if you redid this list and broke them all down by specific majors, you would really find that engineering majors (mechanical, electrical, chemical, etc) are nowhere near the top 5.
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Agreed. Go to a university graduation, and the arts type majors swamp all the other disciplines. At UT (years ago) most Nuclear Engineering classes were taught once per year; therefore you basically had one Nuc Eng class graduating each year. My class was about 20 by the end - that's 20 grads for the year. Other engineering disciplines were larger - but still swamped by almost every other program.
 
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#229
#229
Just to piss off you young guys here, when I went to UT they were on the quarter system and IIRC it was around $125-$150 a quarter when I started plus an activities fee of another $25. By the time I left, it was probably $250/quarter.
 
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#231
#231
AM64 said:
Agreed. Go to a university graduation, and the arts type majors swamp all the other disciplines. At UT (years ago) most Nuclear Engineering classes were taught once per year; therefore you basically had one Nuc Eng class graduating each year. My class was about 20 by the end - that's 20 grads for the year. Other engineering disciplines were larger - but still swamped by almost every other program.
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They really don’t, by far the largest number graduates in the last few I have been to are from the College of Health and Human Services.
 
#232
#232
VolStrom said:
Just to piss off you young guys here, when I went to UT they were on the quarter system and IIRC it was around $125-$150 a quarter when I started plus an activities fee of another $25. By the time I left, it was probably $250/quarter.
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That’s unreal
 
#233
#233
hog88 said:
That's why the banks give them out to anyone applying, they can't lose money on them. Take away that provision of the student loans and banks would be much more selective in who they lend to.
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Still, I contend that criteria would remain more heavily weighted on the signer and co-signer’s credit score & income/debt ratio than it would on future job prospects.

In this country we tend to choose not to be proactive, we like learning lessons after the negative consequences have been wrought.
 
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#234
#234
VolStrom said:
Just to piss off you young guys here, when I went to UT they were on the quarter system and IIRC it was around $125-$150 a quarter when I started plus an activities fee of another $25. By the time I left, it was probably $250/quarter.
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In 91 I believe my tuition for the first semester was $989.
 
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#235
#235
OHvol40 said:
Still, I contend that criteria would remain more heavily weighted on the signer and co-signer’s credit score & income/debt ratio than it would on future job prospects.
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Maybe so but right now I don't think they are even requiring co-signers. One of my daughters friends is up to her but in student loan debt, her parents had no idea she was taking the loans out.
 
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#236
#236
In addition to my earlier post, I’d also like to add the requirement that public universities guarantee loans with their endowment funds and private universities issue their own loans without access to federal money.
 
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#237
#237
VolStrom said:
Just to piss off you young guys here, when I went to UT they were on the quarter system and IIRC it was around $125-$150 a quarter when I started plus an activities fee of another $25. By the time I left, it was probably $250/quarter.
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I paid $880/semester. That included a 25% discount since mom was a TN school teacher

The lottery screwed it up a bit too
 
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#238
#238
OrangeTsar said:
If there is student loan forgiveness than the government has to also give a rebate check to everyone who has ever paid off their student loans as required and it has to be with interest!
No way that people who took their responsibility seriously should be penalized in relation to ones who didn’t
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Agreed but won’t happen.

Alas, I should have just layed around drinking and scoring coeds in my off time instead of working.
 
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#239
#239
utvolpj said:
I paid $880/semester. That included a 25% discount since mom was a TN school teacher

The lottery screwed it up a bit too
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My son started TN Tech the first year the lottery started giving out the scholarships, apparently tuition went up the $1800 (or whatever the scholarship was) that year.
 
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#240
#240
hog88 said:
My son started TN Tech the first year the lottery started giving out the scholarships, apparently tuition went up the $1800 (or whatever the scholarship was) that year.
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Yeah you knew they'd take that free money. Florida seems to have a better system
 
#244
#244
AM64 said:
Agreed. Go to a university graduation, and the arts type majors swamp all the other disciplines. At UT (years ago) most Nuclear Engineering classes were taught once per year; therefore you basically had one Nuc Eng class graduating each year. My class was about 20 by the end - that's 20 grads for the year. Other engineering disciplines were larger - but still swamped by almost every other program.
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Let me clarify what I said earlier. There were about 15 that graduated in my class that semester. The semester before had about the same number... maybe less.
 
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#245
#245
VolStrom said:
Just to piss off you young guys here, when I went to UT they were on the quarter system and IIRC it was around $125-$150 a quarter when I started plus an activities fee of another $25. By the time I left, it was probably $250/quarter.
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How much was a 45 record back then?
 
#246
#246
VolStrom said:
Just to piss off you young guys here, when I went to UT they were on the quarter system and IIRC it was around $125-$150 a quarter when I started plus an activities fee of another $25. By the time I left, it was probably $250/quarter.
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Yep, same for me. I quit in my junior year and enlisted in the Army - needed a break from school. Got out of the Army and married in the same year. I worked while my wife finished nursing school. She worked when I went back to school, I worked part time repairing electronics and had the GI Bill - then the GI Bill and graduate assistantship during grad school. RNs didn't make then what they do now, but we actually lived pretty well and graduated debt free. I'm a firm believer that if you can't afford college, spend time in the military and use the GI Bill.
 
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#248
#248
Also im all for Biden paying off my student loans. I worked all the way through school and got some breaks because my dad is a TN state employee and I did pretty solid with the Hope scholarship. So, I decided to take out the interest free loans, and start my life with them. I bought a car and paid closing on my house with them. So, if Biden can do me a solid I got a car and my closing for free. Let's go Brandon!!!!!!
 
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#250
#250
hog88 said:
Maybe so but right now I don't think they are even requiring co-signers. One of my daughters friends is up to her but in student loan debt, her parents had no idea she was taking the loans out.
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Dang. It would have better for her to ask. Parent-plus loans have better rates and dissolve if the parent were to pass… it’s a much smarter route than doing it yourself if you can.
 
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