Functional illiteracy in America

[see4]

They didn't promise a job but their sales pitch did mislead with false statistics on job placement rates and projected earnings with a collegr degree. There were other options, much better options, and hindsight is 20/20.

Not trying to be a dick, but you went to the wrong school.

Any school that tries to entice you with job placement stats, run. Run fast and run far.

You know what my school did? They said, it's going to be hard, many people fail out, are you ready for this? Oh and prove to us that you are smart enough to make it through our curriculum. Nothing about job placement, nothing about potential earnings.

 

[Padawanbater2]

Auto and mortgage loans are secured. The automobile or the home are used as collateral for the loan.

Wouldn't the assessment of a student loan be secured if the value of it was accurately assessed? Students are being lied to about the value of their degrees, just like homeowners were being lied to about the value of their mortgages..

Underwriters determine the value, both at present and future of the instrument they are investing. You can't get a $20,000 loan for a $10,000 car.

That's not what I asked you..

 

[see4]

reserve banks and reserve agents, for no other purpose. do you beleive this elasticity in our currency has helped the fed in its mission statement?

Not sure what you are trying to ask. Currency elasticity or some peeps call it elastic currency, is simply described as currency that expands and contracts with the demands of business.

 

[see4]

Wouldn't the assessment of a student loan be secured if the value of it was accurately assessed? Students are being lied to about the value of their degrees, just like homeowners were being lied to about the value of their mortgages..

No, a studen loan is secured by the fact it is very difficult to get rid of it.

That's not what I asked you..

Then ask it again, in a different way.

 

[PCXV]

They issued you the loan because they knew you'd likely pay it back whether you liked it or not. That's the point.

If the bankruptcy rule goes away, do you know what would happen? I will give you a hint. Smart people, wealthy people and foreigners would all be going to college and the others would have almost no chance. Or instead of paying a 2% interest student loan, you'd pay a 29% interest personal loan, that you'd have to start paying back right away.

See where this is heading?

Yeah, I'm saying that many of those people are better off not going. They issued me the loan because they faced zero risk. Knowing the student is taking all the risk, there should be a more robust mechanism to help them plan a career path that won't just put them back in poverty even worse off.

 

[see4]

But it seems you refuse to address anyone's responsibility but the student who traded going tens of thousands of dollars in unbankruptable debt for something of no value.

You asked for the money, they didn't come to you. And they didn't make you enter into contract under duress. If they did, you have a case. And I know a good lawyer.

 

[see4]

Yeah, I'm saying that many of those people are better off not going.

I agree with you there. Some people were born to be hands-on. And that's totally alright.

 

[see4]

Listen guys, this chatting has been fun, but I gotta wrap it up soon. The lady is coming home soon and I need to get my dick wet.

 

[twostrokenut]

i'm really happy for you.

your trailer will depreciate to $0.00

if you had stuck with that shitty, backwoods south carolina home of yours, you wouldn't have lost your 20% down payment and 20 years worth of mortgage payments.

oh well. i guess some people just understand investing and money better than others.

sincerely,

a jew

it's cool I rebounded. without that strategic default I would still be there paying monthly, like you are and if I were like you I would neck myself.

thanks for your concern citizen. itemize your return and stimulate my economy.

 

[twostrokenut]

Maybe I haven't seen it yet, but are saying that the school and/or lending institutions bear no responsibility for recieving/approving unsecured, subsidized loans without any assurance that they would be able to be paid back? They did literally zero due diligence to lend that money, weren't they taking just as much of a risk as I was? Or did they not care and have zero incentive because they knew I couldn't default? It all seems very unethical to me. So many 18 year olds are not ready for that decision, that was my biggest mistake. Taking a "year off" before starting college was heavily warned against at that time, said you would never end up going. Man I was dumb to take some of that advice and jump into debt without a guarantee.

But it seems you refuse to address anyone's responsibility but the student who traded going tens of thousands of dollars in unbankruptable debt for something of no value.

they were compelled to out of fairness and equal opprotunity, were they not?

 

[PCXV]

Not trying to be a dick, but you went to the wrong school.

Any school that tries to entice you with job placement stats, run. Run fast and run far.

You know what my school did? They said, it's going to be hard, many people fail out, are you ready for this? Oh and prove to us that you are smart enough to make it through our curriculum. Nothing about job placement, nothing about potential earnings.

It wasn't as the college that hard sold that material, but it was material used to sell me on the idea of going to college. My program didn't focus on job placement, inside it is as you say, they ignore that and focus on the curriculum. I got wrapped up in it, I enjoyed it, and after two years completing my pre-reqs and gen ed associate level classes I didn't see spending more money and switching majors as an option, nor did I see dropping out as an option. I stayed the course and graduated in 4 years. That was a mistake, should have switched out of poli sci to something more lucrative.

So I suppose the institution might not have been behind the "must go to a 4 year school", "doesn't matter what you major in, any degree helps" culture that really pushed me to make going to college a goal of mine. It is hard to definitively say they mislead but they definitely turn a blind eye to the problem. The lending institution could see the statistics though which makes me wonder why they let me take these loans without any oversight, knowing that I would likely struggle to pay them back.

 

[see4]

should have switched out of poli sci to something more lucrative

One of my close friends graduated with a poli sci degree. He is now lead agent for a task force for a Secret Service division in New Jersey. He does very well for himself.

And if he is reading this right now... call me dude.

 

[PCXV]

they were compelled to out of fairness and equal opprotunity, were they not?

I see merit in that, actually, but I just think there is room for improvement in helping set students up to pay back the loans.

 

[Heil Tweetler]

Why do you hate me? Because I am white? Jewish? More knowledgeable and experienced than you?

Better at this silly crap you do here than you? It’s easy to make you look bad. We just have to disagree with you.

Dreadfully delusional lout, you are without wit or charm, without imagination or wisdom. You're a simple fool, an ass.
Acting the role of the numb simpleton is the only thing you make look easy. Your desperate, flaccid boasts are pitiful.

 

[PCXV]

You asked for the money, they didn't come to you. And they didn't make you enter into contract under duress. If they did, you have a case. And I know a good lawyer.

True. No, you're right much of the responsibility falls on 18-21 year old me. I still think people should be able to bankrupt when their mistakes are insurmountable.

 

[see4]

the section I underlined in red is just a paragraph. it's pretty clear and you really don't even need a definitions page. you posted that to redeem means to remove the debt obligation. you're saying i5s applicable only to commercial banks but you and I are collateral for the debt.

go fuck something, take a nap, get a bite or whatever. read the paragraph and explain what it means to you if you get really bored.

i can't fuck my girl right now, she's 8 months pregnant, she and I are both a little weirded out that my super tiny penis might poke our daughter. so she resorts to sucking my knob

you and I are not collateral for any debt. that is an absurd notion.

 

[twostrokenut]

i can't fuck my girl right now, she's 8 months pregnant, she and I are both a little weirded out that my super tiny penis might poke our daughter. so she resorts to sucking my knob

you and I are not collateral for any debt. that is an absurd notion.

what's the collateral for the national debt? and congrats.

 

[UncleBuck]

strategic default

you nazis used to call it strategic retreat

 

[PCXV]

One of my close friends graduated with a poli sci degree. He is now lead agent for a task force for a Secret Service division in New Jersey. He does very well for himself.

And if he is reading this right now... call me dude.

That's awesome. I've applied for dozens of paralegal/legal assistant positions, a few court clerk openings, some non-profit organizations, and lots of random jobs that specify a poli sci degree and haven't even gotten a call back/interview from anything that offered decent pay or growth opportunities. I'm thinking it is my lack of experience.

 

[see4]

That's awesome. I've applied for dozens of paralegal/legal assistant positions, a few court clerk openings, some non-profit organizations, and lots of random jobs that specify a poli sci degree and haven't even gotten a call back/interview from anything that offered decent pay or growth opportunities. I'm thinking it is my lack of experience.

When did you graduate?