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Sure, I certainly feel the pinch every time I have to pay for things I purchased. I have student loans too. Is this article implying we should feel bad for the

Sure, I certainly feel the pinch every time I have to pay for things I purchased. I have student loans too. Is this article implying we should feel bad for the top 30% most educated Americans because they had the pay for the privilege?

paulddraper 4y ago
Who was it written by
nicenewtemp84 4y ago
My college gf went to med school after undergrad. She maxed out every loan she ever could during med school. At one point she was living in a high rise of a hotel that would fetch her car for her at a predetermined time daily and have it parked out front, for a fee.
- solarmist 4y ago
  I don't know what the point of this comment is. She was rich or made poor life choices?
  - nicenewtemp84 4y ago
    She used student loans like most of her peers did.. to pay for luxury items.
    - kanbara 4y ago
      and your anecdote and anecdotal evidence proves nothing. everyone i know took loans out, bought a computer, got jobs and still have a hard time paying back $10s of thousands
      - deleted 4y ago
        [deleted]
      - nicenewtemp84 4y ago
        If my anecdote of seeing tons of students living large on their loans means nothing, yours means nothing too. Except logic, human nature, and statistics back my claims up too.
    - solarmist 4y ago
      This was not common in my social circles in the early 2000s. More often than not, people would take as little as possible (to the point they were barely getting by) because they were scared of being unable to pay them back. But these were also people that couldn't imagine going to an out-of-state school because of the tuition costs. Maybe a computer with a graphics card upgrade, but that was the extent of it. Also, the idea that you could you student loans for non-essentials was a foreign idea. But some people I knew did take out more than they needed, but it was enough to get pizza once a week, not live in a hotel. It makes me wonder, were loan limits much lower 20 years ago than now? It feels like this kind of over spending would have literally been impossible when I was in school.
- klyrs 4y ago
  Nice anecdote. Sounds like $10k wouldn't even put a dent in her loans.
- ProllyInfamous 4y ago
  I dropped out of medical school after the first year and the misery that my then-peers face NOW is astounding (quarter million in student loans isn't even considered "that bad" to the doctors that self-funded, young). Fifteen years later and I still owe debt on that one expensive year! If your doctor is under forty years old, you're probably doing better than (s)he is, financially (particularly less-specialized practitioners). IMHO, you cannot pay a person enough money for the sacrifices required to enter medical school within the past two decades (i.e. since computer-adoption revolutionized industries).
  - Kon-Peki 4y ago
    A friend went to med school and when he couldn’t afford it anymore he joined the Army, and got it all paid for. Turns out they need pediatricians too. Spent 15 years delivering service member babies at Tripler before “retiring” and going into private practice. Didn’t get rich, but never had to deal with insurance companies and got to shop at the Pearl Harbor commissary.
- whitemary 4y ago
  That's why college should be free for everyone.
  - nicenewtemp84 3y ago
    I suppose.. but then I hope to God we would have very strict enrollment requirements and expectations. Should basically everyone be able to go to their local JC and take trade school like classes, or basically anything that's in demand in their county or state for free? Sure. Should a highschool dropout be able to study towards a degree in Asian art history at UC Berkeley on the tax payers dime? I'm not sure why. What's the point?
jjeaff 4y ago
40% of student loan holders did not finish their 4 year degree. Imagine if this were any other product, I think the sellers would be under heavy investigation for perpetuating a big fraud. At the very best, many universities are guilty of false advertising.
- p1necone 4y ago
  Doesn't that depend on the subject? I would find a close to 100% pass rate in medicine for example a little bit concerning.

paulddraper 4y ago

Who was it written by

nicenewtemp84 4y ago

My college gf went to med school after undergrad. She maxed out every loan she ever could during med school. At one point she was living in a high rise of a hotel that would fetch her car for her at a predetermined time daily and have it parked out front, for a fee.

solarmist 4y ago
I don't know what the point of this comment is. She was rich or made poor life choices?
- nicenewtemp84 4y ago
  She used student loans like most of her peers did.. to pay for luxury items.
  - kanbara 4y ago
    and your anecdote and anecdotal evidence proves nothing. everyone i know took loans out, bought a computer, got jobs and still have a hard time paying back $10s of thousands
    - deleted 4y ago
      [deleted]
    - nicenewtemp84 4y ago
      If my anecdote of seeing tons of students living large on their loans means nothing, yours means nothing too. Except logic, human nature, and statistics back my claims up too.
  - solarmist 4y ago
    This was not common in my social circles in the early 2000s. More often than not, people would take as little as possible (to the point they were barely getting by) because they were scared of being unable to pay them back. But these were also people that couldn't imagine going to an out-of-state school because of the tuition costs. Maybe a computer with a graphics card upgrade, but that was the extent of it. Also, the idea that you could you student loans for non-essentials was a foreign idea. But some people I knew did take out more than they needed, but it was enough to get pizza once a week, not live in a hotel. It makes me wonder, were loan limits much lower 20 years ago than now? It feels like this kind of over spending would have literally been impossible when I was in school.
klyrs 4y ago
Nice anecdote. Sounds like $10k wouldn't even put a dent in her loans.
ProllyInfamous 4y ago
I dropped out of medical school after the first year and the misery that my then-peers face NOW is astounding (quarter million in student loans isn't even considered "that bad" to the doctors that self-funded, young). Fifteen years later and I still owe debt on that one expensive year! If your doctor is under forty years old, you're probably doing better than (s)he is, financially (particularly less-specialized practitioners). IMHO, you cannot pay a person enough money for the sacrifices required to enter medical school within the past two decades (i.e. since computer-adoption revolutionized industries).
- Kon-Peki 4y ago
  A friend went to med school and when he couldn’t afford it anymore he joined the Army, and got it all paid for. Turns out they need pediatricians too. Spent 15 years delivering service member babies at Tripler before “retiring” and going into private practice. Didn’t get rich, but never had to deal with insurance companies and got to shop at the Pearl Harbor commissary.
whitemary 4y ago
That's why college should be free for everyone.
- nicenewtemp84 3y ago
  I suppose.. but then I hope to God we would have very strict enrollment requirements and expectations. Should basically everyone be able to go to their local JC and take trade school like classes, or basically anything that's in demand in their county or state for free? Sure. Should a highschool dropout be able to study towards a degree in Asian art history at UC Berkeley on the tax payers dime? I'm not sure why. What's the point?

jjeaff 4y ago

40% of student loan holders did not finish their 4 year degree. Imagine if this were any other product, I think the sellers would be under heavy investigation for perpetuating a big fraud. At the very best, many universities are guilty of false advertising.

p1necone 4y ago
Doesn't that depend on the subject? I would find a close to 100% pass rate in medicine for example a little bit concerning.