They will be the same ones that figure out suddenly when they are in their late 50s that they don't have near enough, if anything, saved up for retirement.

sorry for partying

Former neighbor in Tucson was going to a "strip mall College". Got several student loans. Last was used to pay for a ()() job.
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No, I never got to see 'em.

Only a third? I bet it's closer to 50%+.

quote:

Originally posted by berto:
Loan money used to cover living expenses being used to fund a trip? The horror! What's the difference between using loan money to buy beer on a Saturday night during the spring term vs buying beer on a Wednesday on a beach during spring break? Click bait bullshit.

The difference is that student loan money is for the goal, with a promise, to improve your value in society. Too many ignore the goal, violate the promise, don't gain any marketable skills, then they cry foul and expect the responsible taxpayers to pay for their partying.

Sidenote. At a college in Silicon Valley, one of the Pres' hand picked students commented during the opening day seminar, along the lines of "it is more important to get and use political clout in college than it is to get and use marketable skills".

When I was in college my spring and summer breaks were spent working at least one job to help pay for food and stuff for the next quarter.

I work with a young lady that told me that she and her husband lived off of their tuition money and have no intention of paying it back . She said the government won't come after them for it anyway .

Not to too my own horn...

I never took a semester off (including summers) and I never went on spring break. I also worked while going to school and finished a 5 year degree in 4 years, and that includes spending the first year taking a variety of classes as I was undecided...

I was also dead broke, completely on my own, and failure wasn't an option. I did take out some students loans when needed, and have paid all of my loans back in full.

Kids these days think they are entitled to spring break, to whole foods, to designer clothes, a car, an iphone.... It's owed to them, so using student loans to provide these "necessities" is not unreasonable.

Amazing some members don't see a problem with this.

Gone are the days of working a part time job and saving up for the spring break vacation. God Bless

Maybe with the OLD previous administration, but there is a NEW Sheriff in town !!! God Bless

quote:

Originally posted by selogic:
I work with a young lady that told me that she and her husband lived off of their tuition money and have no intention of paying it back . She said the government won't come after them for it anyway .

I took out loans (paid back early), but never went on Spring Break. Public drunkenness and mass spreading of STDs just didn't appeal to me.

I think it is foolish to add to your debt with a vacation, but so is a private school compared to state. Either way, I don't really care how they spend it as long as they aren't planning on "feeling the Bern" to get out of it.

Simple solution - The loan doesn't go to the student, it goes into escrow.

Funds are disbursed only for approved expenses: Tuition, books/lab fees, dorm/rent expenses and other legitimate expenses of which I'm not aware.

Any expenditure not on the pre-approved list has to justified and approved. A new I-Phone every year and any travel not directly related to education is a no go.

Just like the rest of us...you want to party and buy toys, get a fucking job.

Of course, I'm a prick and wouldn't lend them a dime toward any degree that didn't put them on a job track. Gender-fluid underwater basketweaving with a minor in Social Justice? Go fish.

quote:

Originally posted by MNSIG:...I think it is foolish to add to your debt with a vacation....I don't really care how they spend it as long as they aren't planning on "feeling the Bern" to get out of it.

Good point.

quote:

Originally posted by YellowJacket:....sorry for partying.

It's not the partying, it's expecting someone else to pay for your partying (given the portion of student loans that aren't repaid).

quote:

Originally posted by PHPaul:....Of course, I'm a prick and wouldn't lend them a dime toward any degree that didn't put them on a job track. Gender-fluid underwater basketweaving with a minor in Social Justice? Go fish.

I have posted before, a college pres' hand picked student commented at the school year's opening symposium "it's more important for a college student to get and use political power than it is to get and use marketable skills".

The main theme in the public colleges around here is "social justice, equity, diversity, tolerance, inclusion"; which are defacto synonyms for anti-traditional America.