It seems like college is a scam for the most part anyway. How about not paying them back at all. Let the banks eat the loss 🤷♂️ idk I'm not a biologist.
I would guess 50% IS absolutely a complete fuking scam. Admission standards DO NOT EXIST for almost all minorities. Guranteed access, guaranteed student loans backed by the Federal Govt. It wasn't always this way. I was a 15 year veteran before I got accepted into graduate school … and that shit was a brutal assault on the neurons. Now they have soft standards, safe spaces, and equity grading. 🤬🤬🤬
In 2002 I was in my second year of my MBA program. Had trouble with a stats class. Went to the professor WHO WAS A GOLF BUDDY. What did he say: “McDonalds is hiring”. Back then a Masters program was for people who wanted to MASTER a course of study. Figure it out … or find another life path. Made me grow up even more. Best thing he could have ever done for me.
I'm amazed at how few people know this. The banks wanted out and got out years ago. Students are borrowing money from the government to pay for government funded colleges to get government mandated licenses to earn a living, a living the government gets a third of. Government all the way down.
The banks don't take a loss because it's the Department of Education loaning the money.
Direct Stafford Loans, from the William D. Ford Federal Direct Loan (Direct Loan) Program, are low-interest loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. Eligible students borrow directly from the U.S. Department of Education (the Department) at participating schools.
The Universities do not provide student loans, banks do. The Universities have already gotten the money. It's the banks who carry the note, or the Federal Government through it's student loan programs.
It seems like college is a scam for the most part anyway. How about not paying them back at all. Let the banks eat the loss 🤷♂️ idk I'm not a biologist.
I would guess 50% IS absolutely a complete fuking scam. Admission standards DO NOT EXIST for almost all minorities. Guranteed access, guaranteed student loans backed by the Federal Govt. It wasn't always this way. I was a 15 year veteran before I got accepted into graduate school … and that shit was a brutal assault on the neurons. Now they have soft standards, safe spaces, and equity grading. 🤬🤬🤬
In 2002 I was in my second year of my MBA program. Had trouble with a stats class. Went to the professor WHO WAS A GOLF BUDDY. What did he say: “McDonalds is hiring”. Back then a Masters program was for people who wanted to MASTER a course of study. Figure it out … or find another life path. Made me grow up even more. Best thing he could have ever done for me.
I'm amazed at how few people know this. The banks wanted out and got out years ago. Students are borrowing money from the government to pay for government funded colleges to get government mandated licenses to earn a living, a living the government gets a third of. Government all the way down.
^^^ fact ^^^
Almost all student loans are guaranteed by the taxpayers.
The banks don't take a loss because it's the Department of Education loaning the money.
https://www.benefits.gov/benefit/4370
These loans can't be discharged in bankruptcy for that very reason.
The Universities do not provide student loans, banks do. The Universities have already gotten the money. It's the banks who carry the note, or the Federal Government through it's student loan programs.