I worked as a custodian to pay for school, (I graduate in December) In two weeks
I will close on my first home which I plan on keeping as a rental property when
my wife and I are finished with it. then we will move on to a duplex, then
another duplex and so on until we can have a substantial income coming out of
renters every month. I am lucky to have had the opportunity to work my way
through school and if i had the chance I would do it no other way; student debt
is crippling to students and to the economy as a whole because it does slow down
the home buying market. some lucky few (like me) will get to take advantage of
the situation but most are victims of the new (and false) dogma that college is
so essential that you need to mortgage your whole future to get through it.
Get a trade instead of college. And, if you go to college, think of spring break
as time you could be working.
No reason that you can't work and go to school at the same time, thus
keeping you out of debt. I know a lot of people at big Universities claim that
its impossible to both work and go to school. Athletes put the same amount of
time into their respective sports as they could a job. No reason you can't
I agree with most of the comments.I worked 2 jobs and worked hard in
school to get scholarships that paid for my school and then some. The jobs I had
during my college years helped me enter the job market 20,000 dollars more a
year above the typical recent graduate in my field.I graduated (in 2012)
with much more in savings than when I started.Buckle down work hard and be
determined and you can graduate with more savings.Most of my classmates
took out student loans, didn't work, and spent their summers on expensive
vacations. That is a waste of their future income.
take the increase in the housing costs of buying over renting and use that to
pay down the student debt faster.Let's see, if she's
paying $700/month in student debt and her rent is (guessing, because it was not
stated) $1500, her total payment is $2200. Were she to buy, her housing costs
would go up to, what, $2500. Take $800 of the extra $1000 (to account for tax
benefits of home ownership) she would be paying on the house and pay down the
student debt. that would get the SD paid off faster so she could buy a home.All it takes is a little planning - something missing when she racked up
the student debt in the first place.
Something is missing. Intelligence. I think that it's a scam. Schools get
rich off the Government.
Cry me a river Ms. Luna. You were the one who made the choice to take this loan
for your school. Now it's time to pay it back. It appears you cannot
afford a home purchase at this time. It's called reality...deal with it!
It's been a long time since I went to college in California. Starting at
the JC level, It cost less than $100 dollars a semester for fees and books.
Transfering to the State College system, it probably cost around $500 per
semester. Now, it wasn't Harvard, or some other ritzy private school.
However, the cost of education for the vast majority should be within reason.
Now for my rant. It is the educators. Mostly very liberal, who talk about all
this equality stuff, but do you think they want to give students a break? No.
They want to make students pay that 40 thousand a year tuition, for an education
that really is no better than a typical state run school. In fact I got some of
my best legal education from a night class taught by a practicing attorney, not
some ivory tower legal scholar (read Obama types). The education monopoly in
America needs to be broken up and the billions of dollars in endowments needs to
be used to make yearly tuition cheaper. Especially in the schools that charge
way too much per year.
Buyer beware? Children and students are not well informed of the consequences of
cost and effect borrowing and its no fault of theirs they were tricked into such
large amounts of debt on lies Obama told them.This plot was
developed and designed with specific intentions to bail out Obama's lies
and intentional destruction of our constitutional government of the people.Obama has some hard facts he had to coverup with his treason and
terrorism of our economy so it would not have any middle class with the wealth
to combat and confront his policies and dictatorship plans. He knew that these
students would not have jobs nor be able to buy homes or repay all debts they
incurred as uninformed children and parents trusting the tooth fairy and his
lies.We now have 5 or 6 more generations of children who will face
the same fact and higher eduction will become a faint memory for them to hope
for. The Obama socialist will have to learn to be independent and patriotic to
face the fact that cheap labor and undocumented occuaption has robbed them of
their lives and future and that people must rule the government.
Would be home buyers are reaching equality, and closes the earning gap.
Won't be part of those evil greedy wealthy folks.May our Obama
voters get what they voted for.