Paying off 26K in student debt in 2 yrs: how one of us did it

[TLR Is Mental Poison]

Well, that's still better than my Impala that I'm driving in now. Now which Ducati did you want to get if you left NYC?

That 848

I sat on the new Panigale... shyt is ... but @ dropping $25-30K on a god damn bike

I like the Aprilia RSV4 too but those are even worse on gas (like 25 MPG highway)

Realistically though I will prob get a Ninja 250 for track days and an SV650 or SV1000S for the street depending on how the $$$ looks when we get out. If the situation is ideal the 848 is a def possibility though

Higher education is a scam. Dunno why people so scared of saying it out loud.

Everything is a scam if you don't know what you're doing. You go to the grocery store and buy expired milk, they didn't "scam" you, you just didn't check the date. You buy a house at the peak of a bubble and it loses half its value in 2 yrs, they didn't "scam" you, you just didn't look into it enough. The writing was on the wall. You go to college and pack on $200K in debt for an anthropology degree and then are surprised nobody wants to hire you, they didn't "scam" you, you just didn't do your research

Yes there should be more safety checks in place, the system could always be better. But so can people's decision making processes.

 

[CrimsonTider]

You'd rather pop bottles than be debt free?

Yes

 

[Serious]

Higher education is a scam. Dunno why people so scared of saying it out loud.

Honestly, I've been doing a lot of research on higher education lately...

There's a lot of information.

One big area for concern stems around how underpaid numerous professors are. Rising tuition, has little effect on professors income. Consequently, there seems to be a trickle down effect on the quality of teacher.

For example: Here's a disgruntled tenured(full) professor at U of AZ @NZA
Declining by Degrees Higher Education at Risk 2010 part 8 of 11 - YouTube

http://www.academicworkforce.org/CAW_portrait_2012.pdf

How can society sell higher education, as a "gateway" to the middle class, when numerous professors are suffering at securing their own fate.

Not to mention for grade inflation has been a cause for concern over the past few decades, especially at the ivy league universities and colleges...

A History of College Grade Inflation - NYTimes.com

 

[BillBanneker]

Honestly, I've been doing a lot of research on higher education lately...

There's a lot of information.

One big area for concern stems around how underpaid numerous professors are. Rising tuition, has little effect on professors income. Consequently, there seems to be a trickle down effect on the quality of teacher.

For example: Here's a disgruntled tenured(full) professor at U of AZ @NZA
Declining by Degrees Higher Education at Risk 2010 part 8 of 11 - YouTube

http://www.academicworkforce.org/CAW_portrait_2012.pdf

How can society sell higher education, as a "gateway" to the middle class, when numerous professors are suffering at securing their own fate.

Not to mention for grade inflation has been a cause for concern over the past few decades, especially at the ivy league universities and colleges...

A History of College Grade Inflation - NYTimes.com

Well most of the research data comes from, you guess it, Universities. Which have an economic incentive to "sell" education as a career gateway.

 

[AquaCityBoy]

You'd rather pop bottles than be debt free?

Yes

This is why black people can't get nowhere.

 

[CrimsonTider]

This is why black people can't get nowhere.

what is going to be doing differently now that he paid the debt off now instead of in 5 or 10 years?

 

[TLR Is Mental Poison]

what is going to be doing differently now that he paid the debt off now instead of in 5 or 10 years?

He will have that much more interest in his pocket. The shyt adds up. 5-10 years off interest on 26k can amount to thousands of dollars

If popping bottles now instead of later is with it to you, cool, but it's financially stupid as hell

Sent from handheld Minority Report console

 

[Rawtid]

what is going to be doing differently now that he paid the debt off now instead of in 5 or 10 years?

The less money you're shelling out for debt, the more you have to invest or "pop bottles" with.

 

[CrimsonTider]

The less money you're shelling out for debt, the more you have to invest or "pop bottles" with.

 

[Rawtid]

Yo, you're fukking retarded and I'll leave it at that.

 

[CrimsonTider]

Yo, you're fukking retarded and I'll leave it at that.

Are you going to take me up on the tax return challenge?

 

[Serious]

This is why black people can't get nowhere.

isn't that what we all truly want in the end

 

[Wild self]

That 848

I sat on the new Panigale... shyt is ... but @ dropping $25-30K on a god damn bike

I like the Aprilia RSV4 too but those are even worse on gas (like 25 MPG highway)

Realistically though I will prob get a Ninja 250 for track days and an SV650 or SV1000S for the street depending on how the $$$ looks when we get out. If the situation is ideal the 848 is a def possibility though



Everything is a scam if you don't know what you're doing. You go to the grocery store and buy expired milk, they didn't "scam" you, you just didn't check the date. You buy a house at the peak of a bubble and it loses half its value in 2 yrs, they didn't "scam" you, you just didn't look into it enough. The writing was on the wall. You go to college and pack on $200K in debt for an anthropology degree and then are surprised nobody wants to hire you, they didn't "scam" you, you just didn't do your research

Yes there should be more safety checks in place, the system could always be better. But so can people's decision making processes.

an education at a 4 year school should not cost a mortgage. Tuition now reminds me of the real estate game in 2004 when housing prices were artifically high: Its on the verge of a breakdown. Like 10 years ago that some jobs required a 4 year degree, now requires a masters degree. If this rate keeps up, you think that people gonna work for a PHD to make 50-70k a year, 10 years from now? The bubble is going to burst and gonna make a lot of these scam institutions disappear.

 

[PartyHeart]

I didn't read past the very beginning where it said he skipped meals to pay off his debt. I'm sorry, any "developed" country where it is so common place and expected for a student to be saddled with a lifetime worth of debt for obtaining higher education needs reform asap.

I remember reading a story awhile back about a medical doctor killing herself after 15 odd years of practicing because her debt was just too much. Its ridiculous. How do you give that many years of what is basically service to the community and contribution to the economy and have no loan forgiveness? Yet trillions of dollars of bailout money was handed out to billion dollar corporations like it was nothing?

 

[ThumpDaddy]

@She Agree That I'm Looney, I would definitely get that Panigale but like you said $25 stacks on a damn bike, I couldn't do it. But to tell you the truth something else that caught my eye besides the Panigale or 848 was that Diavel. That is probably one of the only cruisers that I would get. It's so wild looking, but it looks a little long but the shyt overall looks exotic. If I get everything paid off I could actually afford a Panigale but I wouldn't feel right spending that much. I could see buying a car, but not a bike. I would have to get it used. One thing that kept me from Ducati was the Maintenance. I don't know, but it would be nice.