Also going rate on car loans right now is just above 4% and that’s for a 5-7

May 27, 2018
11:38:22am

cougarfann888 All-American

Year loan not a 25 year one. Plus it’s a somewhat secured loan. And you can get cheaper car loans but it is usually subsidized by the car manufacturer subsidizing it. People should be grateful for how cheap student loan interest rates have been

This message has been modified

Originally posted on May 27, 2018 at 11:38:22am

Message modified by cougarfann888 on May 27, 2018 at 11:38:56am

Message modified by cougarfann888 on May 27, 2018 at 11:40:09am

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cougarfann888

Bio page: cougarfann888
Joined: Oct 10, 2010
Last login: Apr 24, 2024
Total posts: 27,473 (83 FO)

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Messages

Author

Time

I am very sympathetic towards students nowadays with huge debt, but I still feel

Game Changer

5/27/18 10:10am

There isn’t enough transparency around starting salaries based on degree

ColumbusCoug

5/27/18 10:14am

Its a messed up system, but students should know what they are doing.

Cougarrr

5/27/18 10:18am

Another problem is that so few end up in a career they

johnnycarson

5/27/18 10:22am

Seriously kids... Go be a plumber or an electrician. No

johnnycarson

5/27/18 10:26am

I'm glad to hear somebody is telling this to the kids. Because the ones in this

Game Changer

5/27/18 10:26am

True. But they are just 18 with varying amounts of parental know how and help

runnincoug

5/27/18 11:06am

You're right. Most of us "should" do things, but we don't. And vice versa.

Cougarrr

5/27/18 11:10am

Exactly!! Easy to say in hindsight.

Cnation

5/27/18 12:10pm

There is a lot of information online about salaries, but people don't do their

Coach's Dad

5/27/18 10:27am

<< Deleted >>

Cretin

5/27/18 10:27am

In my field, the salary data is often skewed towards those with more experience

buffgato

5/27/18 10:32am

Society does a notoriously poor job of giving kids realistic expectations

buffgato

5/27/18 10:24am

True - but at this point the situation has been going on for long enough that

crack

5/27/18 10:26am

The savvy ones do, but I think there are a lot of naive people still out there

buffgato

5/27/18 10:35am

They're told by too many people that a university degree is critical for success

Belboz

5/27/18 10:49am

That, and you shouldn't settle for less than a career you are passionate about

buffgato

5/27/18 10:52am

Make a career out of something you love and you'll never work a day in your

kotacoug

5/27/18 11:45am

Yep. College degree now is basically just like a HS degree

kotacoug

5/27/18 11:41am

I think the disconnect is more about education versus connections

DJROSS

5/27/18 10:25am

I don’t feel bad for them. I grew up with most of my peers not being able to afford college

Zach Morris

5/27/18 10:26am

I did the same thing. I worked full-time before going to college, and part-time

Game Changer

5/27/18 10:36am

Let’s be honest, college is a socially acceptable hideout for many lazy people.

Zach Morris

5/27/18 10:44am

And they all go to ASU

boorad

5/27/18 11:49am

A friend of ours is finishing up his undergrad with the

fredetteaboutit13

5/27/18 10:43am

But that’s ok, because socially we think it’s ok to be lazy and out of work so long

Zach Morris

5/27/18 10:49am

Parents need to instill in their kids a work ethic long before they go off to college. My parents

ocmyhome

5/27/18 11:14am

My biggest complaint is the fact that I can get a

Cnation

5/27/18 10:30am

You can’t get a 2% car loan and as for the student loan difference. One is a depreciating asset while the

Zach Morris

5/27/18 10:36am

Do you realize how ridiculously cheap 7% interest is on unsecured borrowing?

Jesse Pinkman

5/27/18 11:08am

Also going rate on car loans right now is just above 4% and that’s for a 5-7

cougarfann888

5/27/18 11:38am

I get that. That wasn’t my point. We live in a society where a degree is highly

Cnation

5/27/18 12:02pm

There is an over supply of money in the system. Student loans are too easy to

delux_247

5/27/18 10:30am

Yep. And with government repayment plans there is less incentive for students to be frugal in their college choices

Odysseus

5/27/18 10:38am

This this this

jkccoug

5/27/18 10:44am

The for-profit diploma mills prove your point. I knew a girl who took out $40k

SD-Y-FAN

5/27/18 11:47am

The cost of education has been rising many times faster than inflation

spinner

5/27/18 10:35am

Just like most everything, government intervention has made the situation worse

delux_247

5/27/18 10:39am

I wonder how close the rise in maximum debt levels backed by the government

crack

5/27/18 10:41am

Not sure about total debt backed, but Pell Grants

spinner

5/27/18 10:44am

Idk about that, but each solution causes some different problems to deal with

Odysseus

5/27/18 10:41am

Remember "cash for clunkers"? The net effect of that program was more

delux_247

5/27/18 10:48am

Some programs are good, some are bad. All will have some negative externalities tied to them.

Odysseus

5/27/18 10:52am

The government has always been deeply involved in education

spinner

5/27/18 10:55am

Not always, and you misconstrued my statement.

delux_247

5/27/18 11:38am

Here's my issue: the government's willingness to loan money is the reason prices

jkccoug

5/27/18 10:43am

You know what bugged me was when my school raised tuition by 5k every year I was there. Not cool. But they can do that

Slim

5/27/18 10:44am

if you knew your customers would pay whatever it cost you'd do it too

Mayor of Cougartown

5/27/18 10:54am

I work at a college my kids are interested in attending..

FulhamUte

5/27/18 10:45am

The bad thing is skyrocketing tuition. It sucks and hoses everybody but the schools.

shimmy

5/27/18 10:49am

And most kids never finish and the schools know that. Schools accept

CSoul

5/27/18 11:16am

Does anyone have any insight into how this is effecting the

pac12stickerhater

5/27/18 8:45pm

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