I don't see forgiveness as a possibility. I just looked at younger son's loan amounts the other night- graduating with national average of around $25,000. Older son is dealing with NROTC debt to government at 5 times that amount, unless they change their mind or we win the appeal.
Our eldest has tried to correct his name for the past 4 yrs., and NC will not change it. Our youngest will be eligible to vote this yr for the 1st time and his comment struck me to the core.
"To me, I see the choices as which is the better of the 2 worst options".
WOW!
He is going with Romney because he believes that socially we will still move forward with either candidate, but economically, Romney is stronger in his opinion due to his business background.
Our DD and DS's friends feel the same since many are graduating with debt and cannot find a job in their career field, yet the loan notes are due.
DS's friends are old enough to remember the housing failures regarding loans, they see their folks have lost equity there and in the market. They understand that Sallie Mae admits to 1 Trillion dollars in student loans and the idea of forgiveness is not realistic, esp. since many of these are not federal, but personal loans.
They live in fear that this is the next housing bubble. Which in all honesty, it is.
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Raising a teenager is like nailing Jello to a tree
I actually checked both ballots this morning. One has my middle name (which is my maiden name) mispelled.
It also has American Independent as the political party on one of them. Never voted that way. Have no idea why.
My name is unusual enough that the odds of someone else having both the middle and last name the same are pretty astronomical. It can't be the same person with ballot sent to wrong address.
I know our local deputy city clerk - will ask her what she recommends. This is a county primary, so the ballot comes directly from the LA County Registrar's Office. Just kind of weird.
It is terrifying. You have a unique situation. He entered on good faith, it was not a loan. Nobody 4 yrs ago could have fathomed that the DOD would slash and burn their budget so bad.
Last night I saw a .org commercial, the jist of it was in the next 5 yrs 1 MILLION military members will be separated...aka unemployed. Please do your part and hire them over another. I can't remember the .org name. However, it is true.
If you think we have hit bottom, and are thrilled we are leaving Iraq and Afghanistan, because it was a waste of our tax dollars, JUST WAIT! I AM NOT endorsing these conflicts, nor the DOD. I am saying that from a domestic position we will all feel it.
They will be released from the military, unemployed, looking for jobs. Many will be like your or Samurai's DS with college loans. They will tick up 1st time jobless claims, they will default on student loans.
I read/heard that @15% of all graduates from 2008+ have already defaulted on loans.
DS entered in 08. Cost was 28K a yr. TY it is @42K. DD entered in 10 IS, and it has already jumped 35% over 2 yrs.
Granted, we are the fools willing to pay with loans for our kids dreams, thus we are also culpable. However, to forgive the loans does not and will not stop colleges from jacking up the costs. JMPO if the govt gets involved than they need to address the endowment issue along with tuition.
Look at the endowment funds of even lower tier colleges Rutgers 510 Million VT 550 Million UMiami 620 Million Syracuse 850 Million
Catching my drift? We as taxpayers will bail out the student loans, but how about the schools that make 50, 75, 100 just on application fees? Notice the majority of these schools I listed were not private, they were state. As taxpayers with kids going in debt to attend IS you are being hit twice! Paying state taxes the school so they can invest the endowment in the market, and the tuition increase that the school forced upon you, even though they brag about the great returns the endowment received.
This article is a yr old, but here is a key component Friday, as gold prices hit a new all-time high – $1486 an ounce($1500 is around the corner),the University of Texas Investment Management Co., revealed that 5% of its $19.9 billion endowment(it handles Texas A&M as well) was in actual bars of gold bullion in a New York bank vault owned by HSBC Holdings, the London based global banking institution. Not in any gold ETF or individual gold mining shares, or in gold futures;l Texas took delivery of 6,643 actual bars of bullion, or 664,300 ounces– a quite unusual transaction for a university.
This is my pet peeve now.
-- Edited by pima on Saturday 12th of May 2012 01:24:58 PM
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Raising a teenager is like nailing Jello to a tree
