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  1. #1 Millennials are so buried in debt they can't buy into American Dream of owning a home 
    Senior Member Dlr Pyro's Avatar
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    this is why millennials are courting socialism. They grabbed for too much too soon and are saddled with huge debt for the unforeseeable future and are looking for daddy government to bail them out.

    Amanda Hill, 27, deals with big student loan debt by doing everything she can to keep her other bills small.

    "I have cut out all the things that aren't absolutely necessary," Hill said.

    She eats out maybe once a month. She limits her driving to control how much she spends on gas. She lives in an apartment.

    She avoids getting her nails done or shopping. She buys clothes about two times a year.

    Hill – who is juggling $90,000 in student loan debt after graduating in 2015 from Hampton University in Virginia – figured she didn't need a car payment on top of her monthly student loan payments.
    https://www.usatoday.com/story/money...am/3103065002/

    Of the looming student loan debt many milleninals face, how much of the debt went to expenses outside of their education ( partying, iPhones, spring break trips, clothes, etc...) Financial institutions companies offering easy Credit cards to college students hasn't helped them either.
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  2. #2  
    Colleges and universities have added studies that add to the overhead to college costs e.g., Woman’s Studies, Back Studies etc... Useless studies that do not provide the skill sets to be useful in employment. Moreover, states allowing tuition hiked year-over-year without justification. Student loans easily obtained without any consideration on whether the degree has a return on investment potential. Students taking on debt without any thought as too how it will be paid back.

    IMHO, a college education is worth less today than when I was in college. I worked through college, worked two jobs in the summer and lived like a pauper.

    Lastly, Obama brilliant idea to have the federal government assume these student loan liabilities was a fools errand.


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  3. #3  
    Senior Member Dlr Pyro's Avatar
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    Quote Originally Posted by GeorgeandSugar View Post
    Colleges and universities have added studies that add to the overhead to college costs e.g., Woman’s Studies, Back Studies etc... Useless studies that do not provide the skill sets to be useful in employment. Moreover, states allowing tuition hiked year-over-year without justification. Student loans easily obtained without any consideration on whether the degree has a return on investment potential. Students taking on debt without any thought as too how it will be paid back.

    IMHO, a college education is worth less today than when I was in college. I worked through college, worked two jobs in the summer and lived like a pauper.

    Lastly, Obama brilliant idea to have the federal government assume these student loan liabilities was a fools errand.


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    What struck me in your reply was that you worked thru college, i assume paying your way as you went. I question if the majority if today's students work to offset their college expenses, especially when so much of their time is spent protesting and engaging in social justice warrior nonsense.

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    "People who think they know it all, are annoying to those of us who really do".... Pyro Bob

    "Even if Trump didn't pay Russian hookers to pee on one another to defile a bed the Obamas once slept on it sounds like something he would do and that's all that matters." DemocratSinceBirth, Wed Jan 11, 2017, 09:32 AM

    "Enemy. The word you are looking for is enemy. When the ideals of someone are antithetical to yours, you can say the word "enemy". DUmmy ret5hd Fri Aug 24, 2018, 05:10 PM
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  4. #4  
    Ancient Fire Breather Retread's Avatar
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    I’ve seen no study to support either side of “the majority of” discussions but would bet that the view I have of the college students I know are in the category of self and/or family paying the bills far outnumber the high student loan group. I would further predict that the least valuable degrees are those ‘pursued’ (if that’s the right word for it) by the students carrying the greatest loan debt. Foolishness twice over.

    We see it constantly; the vocal, strident publicity hounds on loans, food stamps and such are out getting the headlines while numbering 10% or less of the student population while the other 90% plus have their heads down studying, working, climbing from day to day trying to get the necessities to make a living.

    Meanwhile, as noted, a BS or BA degree is barely above a high school diploma mostly due to government interference and demand that lesser educated people are owned an opportunity neither they or their families valued during the public school years.

    We need the return of technical classes to the public schools to promote more interest in electricians, plumbers, carpenters, etc.

    I could beat on this bandwagon for hours but I need to go find lunch now.
    Last edited by Retread; 03-14-2019 at 12:22 PM.
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    Quote Originally Posted by Dlr Pyro View Post
    What struck me in your reply was that you worked thru college, i assume paying your way as you went. I question if the majority if today's students work to offset their college expenses, especially when so much of their time is spent protesting and engaging in social justice warrior nonsense.

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    Yep. I had a job in college (washing test tubes) plus was a houseboy at a sorority $50/mo plus free lunch and dinner. Plus I lived in a house with other guys and the room was about the size of a large closet. If there is a will, there is a way. Less than $5000 in student debt when I left college.

    I was poor and had to work, think and figure it out. No help from my parents. No option to return home. I was on my own. Good life lessons. Not poor now and retired early. Combination of military and civilian careers. Retired military, AD, Reserves and National Guard (30 yrs), took early out with civilian employer plus max 401k and savings to make it happen. American dream fulfilled.


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    Well, at least Ms. Hill seems to know things to do to be able to pay down her debt, and is doing them. The article didn't mention her major. If it was a major with a career path her dream of grad school might be realistic. OTOH, it if was some sort of Victim Studies major or one that has no career path without a doctorate ...
    Facts don't matter to DUpipo.

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  7. #7  
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    In 1989, the Texas A&M engineering extension service says, I’m a qualified electronics technician. Whatever that means. It was $400 a quarter plus books and parts. Cheaper than dirt compared to the now defunct ITT that folded up like a cheap tent. A two year program.

    My older sister has a masters degree and she might still be paying for it. It’s none of my business. My parents weren’t wealthy. She did it on her own. I think she’s smarter than me though.
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  8. #8  
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    Neither of my stepsons has gone to college so they are not burdened with that debt but they are finding it difficult to get credit. One son has 3 children, can't save any money and wants to buy a house. I am planning on selling him one of mine for just a little more than what I owe on it. I'm going to use a Gift of Equity because I have a lot of equity in the house as a down payment. This is literally the only way we can get this done. Everything costs so much compared to when I was coming up that the cost of raising 3 kids is just extremely high.

    It is sad what young people have to go through just to make ends meet and maybe find a little fun too. I thought it was tough on me coming up but that was nothing compared to today.
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  9. #9  
    Power CUer noonwitch's Avatar
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    Quote Originally Posted by GeorgeandSugar View Post
    Colleges and universities have added studies that add to the overhead to college costs e.g., Woman’s Studies, Back Studies etc... Useless studies that do not provide the skill sets to be useful in employment. Moreover, states allowing tuition hiked year-over-year without justification. Student loans easily obtained without any consideration on whether the degree has a return on investment potential. Students taking on debt without any thought as too how it will be paid back.

    IMHO, a college education is worth less today than when I was in college. I worked through college, worked two jobs in the summer and lived like a pauper.

    Lastly, Obama brilliant idea to have the federal government assume these student loan liabilities was a fools errand.


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    They had those programs in the 80s when I was in college, and tuition was still affordable for middle class families who planned ahead.

    All I can say is this: when the premier public university in your state pays their head football coach $48 million on a 5 year contract, the students' educations are not the school's most important priority. If the NBA and NFL want to use the NCAA as their farm league, they should pay the coaches' salaries. If I were the Governor, I would cut UM's funding by the difference between what they are paying Harbaugh and what MSU is paying Mark Dantonio or Tom Izzo.
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  10. #10  
    Senior Member Tecate's Avatar
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    Quote Originally Posted by noonwitch View Post
    They had those programs in the 80s when I was in college, and tuition was still affordable for middle class families who planned ahead.

    All I can say is this: when the premier public university in your state pays their head football coach $48 million on a 5 year contract, the students' educations are not the school's most important priority. If the NBA and NFL want to use the NCAA as their farm league, they should pay the coaches' salaries. If I were the Governor, I would cut UM's funding by the difference between what they are paying Harbaugh and what MSU is paying Mark Dantonio or Tom Izzo.
    The star college football player’s degree plan is ‘general studies’.
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