Yay for vendor financing
Yay for vendor financing
"Like an army falling, one by one by one" - Linkin Park
and the bubble goes POP. Looks like predatory lending to me, combined with price gouging.
Cool. This is what I've been trying to say since the subject became popular around here. No sane lender would lend the kind of money required for college "education" nowadays without collateral. All the irresponsible lenders should eat their losses and learn their lesson, IMHO.
the so-called Perkins loans (for students with extraordinary financial hardships) have seen defaults surging more than 20%.
People who don't know how to make money without a degree aren't making money 5 years later after graduation with a degree?
You don't say?!?!
This is so true. I have encountered dozens of job openings for minimum wage jobs in the past year from word of mouth or from seeing the inside of different industries. During this time I've also found several that pay $10-12 an hour. They all have their own drawbacks (one or more of long hours, manual labor oriented, or working outside]) but these places are always hiring. And I have seen several where you have the opportunity to make lots of money if you are a sales superstar. These places are always hiring as well, but they take a lot of focused effort and long hours to make the higher-end earnings so you see a high turnover rate which allows them to always be hiring.While financially hard-up graduates complain of no jobs, the schools are not impressed: "You could take a job at Subway or wherever to pay the bills ... It seems like basic responsibility to me,"
There are so many jobs out there. There's even a bunch where you can self-employ with just a few hundred bucks. Don't have the money? Work at one of those minimum wage jobs for just one pay check, and you're in. This, too, is going to require a lot of dedicated work to get started and research and trial and error to make sure you're in the right place.
But I understand the position some of these people are in. If they can just mooch off their parents, friends, family, and the government while they wait until a miracle happens and they land their dream job without job experience, well, then that doesn't actually sound too bad until you look at the past 30 years of your life and you realize you haven't done anything productive and that you're just another scrub.
I'm sure there are plenty of lazy gen-xers, y-ers and millenials out there who aren't even trying. (like my lazy-ass mooch sister) But they don't represent the majority at all.
Last edited by heavenlyboy34; 02-06-2013 at 09:08 PM.