School Loan Warning -- Any Government Regulations?

believe me, the possbilities of that happening again are greatly diminished

 

Because it is an enormous scam enabled and endorsed by the government.

Big Picture that explains it all:

Spoiler

 

Because the governments and accrediting boards failed to set up a decent higher education system a hundred years ago. They created finishing schools for legislators' and rich people's kids; then when farming and later manufacturing imploded they just upped the tariffs and pork. College enrollment, at least for MCW kids, should have been 100% fifteen years ago. It's probably why they let these god awful online and for-profit schools run around.

 

Northeastern University is a top 70 ranked school.

 

I was gonna point out the same thing, its a legit University.

 

Dumb girl should have gone to a more affordable school. She would have spent a fraction of that with in state tuition at UMass.

 

Depending on her looks, she can marry a millionaire and not have to worry about paying off her debt. Of course, this all depends on her looks.

 

My sister and her husband owed about a mill on student loans a few years back. They prob. paid some of it off but they just bought a house so I dunno.

 

I saw her pic. Shes not hot, but shes pretty.

 

Yes, the Mrs. Degree might have part of her original plan anyway.

 

Cute but not trophy wife material.

 

how the **** do you spend 200k on a sociology degree?

 

I just spent $200k and all I got was this hat and tassel.

 

Just make minimum payments, and as you get older smoke a lot of hash, drink a ton of booze and you'll be dead once Social Security benefits starts to kick in...
You won't have to worry about any more payments because you're dead!!!

 

If I was an employer and a potential employee came to me in similar circumstances, I certainly wouldn't hire her.

I got suckered into a deal like this. Luckily half way though the first semester, one of the new professors talked me out of continuing the school. I was out a couple grand, but I was more angry that Fanny secured the loan on a school that was practicing shady business.

 

That is a lot of money....about what a doctor has in loans.....amazing.

I ran up about $23k, and took a 2nd job as a bartender after work 2 or 3 nights a week and paid them off in 4 years.

That hash and booze thing sounds way more fun than my way.

DD

 

It cost up to 80K to go to one year of culinary school in some areas. The average pay for a chef/cook is around 30K.

 

The middle-class is getting so screwed in this country.