nytimes.com— As tuition has soared past the limits on federal aid, more students are relying on barely regulated private loans.
Jun 10, 2007View in Crawl 4
Research:Federal Reserve Act (1913)House Joint Resolution 192 (1933, National Credit system, FDR) <a class="user" href="http://www.sourcewatch.org/index.php?title=Trading_With_the_Enemy_Act">http://www.sourcewatch.org/index.php?title=Trading_With_the_Enemy_Act</a>Documentation by one writer connects the origin of the Trading With the Enemy Act with events of March 27, 1861. "Americans have been under Fascist rule via presidential executive order" under the Emergency War Powers Act (12 USC 95 a, b): "Every citizen of the United States is now legally established as an enemy via the Amendatory Act of March 9, 1933 (48 Stat. 1)" which amended the Trading With Enemy Act of October 6, 1917 (H.R. 4960, Public Law No. 91).[2] On March 27, 1861, "seven (7) Southern States walked out of Congress leaving Congress without a quorum for adjourning and therefore ending sine die. That which is called Congress today assembles and acts under the authority of the President acting in capacity of being Commander-In-Chief of the Armed Forces, under emergency war-powers rule, i.e. law of necessity," meaning that there is "no law." [12 Stat 319 has never been repealed and exists in Title 50 USC §§ 212, 213, 215, Appendix 16, 26 CFR Chapter 1 § 303.1-6(a), and 31 CFR Chapter 5 § 500.701 Penalties.][3]
Students aren't the only ones in debt. Americans are in debt more than ever before. Does anyone else think that it's the rest of us that aren't growing up and becoming financially responsible? Maybe by learning the hard way (something that almost never happens with our soft, padded society), students today will be much more fiscally responsible in the future.I'm a student and although it's difficult and time consuming to search around for your best options, at least I knew how important it was and skipped out on one WoW raid to take the time to find my best option.
Are you kidding? So you go to a private four year college, pay $40,000 a year, earn a liberal arts degree and come out making $35,000 a year. That is a horrible investment. Apparently these people avoid finance 101. Coming out with $160,000 in debt isn't exactly the smartest thing to do; especially when you can go to a state school for your undergraduate course work and finish your master's degree at a private institution. It is the prudent thing to do. There are certain fields like finance, accounting, nursing, and engineering that are worth the debt a person will incur. But studying underwater basket weaving at $40,000 a year? And then we have the pundits talking about how inflation is under control. How much did you pay for your undergraduate education? If it was a lot less than $30,000 to $40,000 then you know inflation is a lot more than the absurd and corrupt CPI of 3%.Companies like Sallie Mae are just at wrought with corruption like Fannie Mae and Freddie Mac because they play into this pathological notion that persistently going into debt is okay. The government gives these institutions a pass for security and people max out on these loans. And we also have for profit schools making a killing in student loans because they are front-loaded with marketing sales teams. If anything, they operate like mortgage institutions promising you the world only to lock you into a 30 year time bomb that you cannot get out of if the economy turns sour. 30 years for a home. 25 years for a student loan. And with students coming out of their bachelor's with $50,000 to $100,000 in debt, is it any wonder we are seeing so many issues arise? But this is only one sliver of a credit addicted society. Free money cannot last forever.Dr. Housing Bubble<a class="user" href="http://drhousingbubble.blogspot.com">http://drhousingbubble.blogspot.com</a>
Why is it so sad to be Canadian? Tuition on average is $6k CAD a year (it varies, and it is much cheaper if you're a Quebec resident going to a Quebec school) at top schools...
well, since there are only 8 private universities in Canada, let's be fair and say that if Canada had a population equal to the United States, and a corresponding number of private university institutions, that they just might have a similar looking discrepancy in cost of attending said private institutions.... <a class="user" href="http://en.wikipedia.org/wiki/List_of_private_universities_in_Canada">http://en.wikipedia.org/wiki/List_of_private_universities_in_Canada</a>"unlike the USA where going to a private university will cost 10 times as much as a community college." comm college is always cheaperedit: my comment "if you ever went to school" was poorly worded by the way, I did not mean to imply that you had not
There are two types people in the world: borrowers and lenders. Most are not the latter, which rule the former. The rich get richer and the poor get poorer. This has been society's M.O. since the dawn of time. My *money* is on the fact that this will not change.It's just too bad I was not that extraordinarily wise at 18. I mean, who was?! We all were told to go the good life, that only higher education was promising. And we all got screwed (well more than not). If I had the option, I don't know who I'd sue first exactly: my parents for not knowing, my high school for not teaching, my college for not enlightening, my bank for not giving a f&#, my government for not regulating, society for not putting up a fight, OR me, for even TRUSTING one of them??! I mean, where does the *buck* stop exactly?! This is gonna take years in therapy :(
what is life if you cant have what you want and are limited to what you can achieve? its the haves vs the have-nots. if you were lucky enough to be born into a wealthy family whose parents paid for your college education you wouldnt even care about this discussion. haha too bad for you, let me enjoy my caviar.
naciremadreamJun 11, 2007
Research:Federal Reserve Act (1913)House Joint Resolution 192 (1933, National Credit system, FDR) <a class="user" href="http://www.sourcewatch.org/index.php?title=Trading_With_the_Enemy_Act">http://www.sourcewatch.org/index.php?title=Trading_With_the_Enemy_Act</a>Documentation by one writer connects the origin of the Trading With the Enemy Act with events of March 27, 1861. "Americans have been under Fascist rule via presidential executive order" under the Emergency War Powers Act (12 USC 95 a, b): "Every citizen of the United States is now legally established as an enemy via the Amendatory Act of March 9, 1933 (48 Stat. 1)" which amended the Trading With Enemy Act of October 6, 1917 (H.R. 4960, Public Law No. 91).[2] On March 27, 1861, "seven (7) Southern States walked out of Congress leaving Congress without a quorum for adjourning and therefore ending sine die. That which is called Congress today assembles and acts under the authority of the President acting in capacity of being Commander-In-Chief of the Armed Forces, under emergency war-powers rule, i.e. law of necessity," meaning that there is "no law." [12 Stat 319 has never been repealed and exists in Title 50 USC §§ 212, 213, 215, Appendix 16, 26 CFR Chapter 1 § 303.1-6(a), and 31 CFR Chapter 5 § 500.701 Penalties.][3]
makbryan2Jun 11, 2007
Students aren't the only ones in debt. Americans are in debt more than ever before. Does anyone else think that it's the rest of us that aren't growing up and becoming financially responsible? Maybe by learning the hard way (something that almost never happens with our soft, padded society), students today will be much more fiscally responsible in the future.I'm a student and although it's difficult and time consuming to search around for your best options, at least I knew how important it was and skipped out on one WoW raid to take the time to find my best option.
thepowerofdiggJun 11, 2007
We Americans are awfully good consumers though!
drhousingbubbleJun 12, 2007
Are you kidding? So you go to a private four year college, pay $40,000 a year, earn a liberal arts degree and come out making $35,000 a year. That is a horrible investment. Apparently these people avoid finance 101. Coming out with $160,000 in debt isn't exactly the smartest thing to do; especially when you can go to a state school for your undergraduate course work and finish your master's degree at a private institution. It is the prudent thing to do. There are certain fields like finance, accounting, nursing, and engineering that are worth the debt a person will incur. But studying underwater basket weaving at $40,000 a year? And then we have the pundits talking about how inflation is under control. How much did you pay for your undergraduate education? If it was a lot less than $30,000 to $40,000 then you know inflation is a lot more than the absurd and corrupt CPI of 3%.Companies like Sallie Mae are just at wrought with corruption like Fannie Mae and Freddie Mac because they play into this pathological notion that persistently going into debt is okay. The government gives these institutions a pass for security and people max out on these loans. And we also have for profit schools making a killing in student loans because they are front-loaded with marketing sales teams. If anything, they operate like mortgage institutions promising you the world only to lock you into a 30 year time bomb that you cannot get out of if the economy turns sour. 30 years for a home. 25 years for a student loan. And with students coming out of their bachelor's with $50,000 to $100,000 in debt, is it any wonder we are seeing so many issues arise? But this is only one sliver of a credit addicted society. Free money cannot last forever.Dr. Housing Bubble<a class="user" href="http://drhousingbubble.blogspot.com">http://drhousingbubble.blogspot.com</a>
nanananiniJun 13, 2007
Why is it so sad to be Canadian? Tuition on average is $6k CAD a year (it varies, and it is much cheaper if you're a Quebec resident going to a Quebec school) at top schools...
woknbluesJun 17, 2007
well, since there are only 8 private universities in Canada, let's be fair and say that if Canada had a population equal to the United States, and a corresponding number of private university institutions, that they just might have a similar looking discrepancy in cost of attending said private institutions.... <a class="user" href="http://en.wikipedia.org/wiki/List_of_private_universities_in_Canada">http://en.wikipedia.org/wiki/List_of_private_universities_in_Canada</a>"unlike the USA where going to a private university will cost 10 times as much as a community college." comm college is always cheaperedit: my comment "if you ever went to school" was poorly worded by the way, I did not mean to imply that you had not
elizakanJul 6, 2007
There are two types people in the world: borrowers and lenders. Most are not the latter, which rule the former. The rich get richer and the poor get poorer. This has been society's M.O. since the dawn of time. My *money* is on the fact that this will not change.It's just too bad I was not that extraordinarily wise at 18. I mean, who was?! We all were told to go the good life, that only higher education was promising. And we all got screwed (well more than not). If I had the option, I don't know who I'd sue first exactly: my parents for not knowing, my high school for not teaching, my college for not enlightening, my bank for not giving a f&#, my government for not regulating, society for not putting up a fight, OR me, for even TRUSTING one of them??! I mean, where does the *buck* stop exactly?! This is gonna take years in therapy :(
dreesAug 27, 2007
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shibainuOct 7, 2007
what is life if you cant have what you want and are limited to what you can achieve? its the haves vs the have-nots. if you were lucky enough to be born into a wealthy family whose parents paid for your college education you wouldnt even care about this discussion. haha too bad for you, let me enjoy my caviar.
namepimpMay 5, 2008
A really good one is,<a class="user" href="http://www.yuckz.com/studentloan">http://www.yuckz.com/studentloan</a>And so far it's not blocked at school or work =)
encikkordiSep 21, 2008
find more info about private student loan here:<a class="user" href="http://private-students-loan.blogspot.com/">http://private-students-loan.blogspot.com/</a>