What's Wrong with You People?

[Orruar]

Originally Posted by Doublestep [You must be logged in to view images. Log in or Register.]

even if he got fresh out of college and into a crappy 75k a year job he could pay off student loans in a year if that.

My guess is he'll be fresh out of college into a crappy $2.13/hr+tips job. He'll likely benefit from the recent executive order that caps student loan payments at 10% of disposable income.

[Littlegyno 6.0]

Most people don't pay it off in a few years. They drag it out for 10-15-20 years because they're fucking stupid.

W/e. There's ways to pay for school besides student loans if one has the will and drive to get it. Scholarships, repayment programs (tutition for contract to work at a company etc).

[Jon Lemon]

Originally Posted by Littlegyno 6.0 [You must be logged in to view images. Log in or Register.]

Most people don't pay it off in a few years. They drag it out for 10-15-20 years because they're fucking stupid.

W/e. There's ways to pay for school besides student loans if one has the will and drive to get it. Scholarships, enslavement compensation (tuition for contract to murder innocents and be a permanent disgrace to humankind).

[Littlegyno 6.0]

Wasn't even meaning military service chump. Was meaning programs where corporations and employers pay for your federal student loans for a specified time of employment to them.

Nice try pal.

[Doublestep]

i've been saving all my cash before college and im set for a year or two before i head out of state to finish up my major, most ill need from student loans is 10k

[Orruar]

Originally Posted by Doublestep [You must be logged in to view images. Log in or Register.]

i've been saving all my cash before college and im set for a year or two before i head out of state to finish up my major, most ill need from student loans is 10k

I'm working on a PhD right now and can offer some advice in the student loan department. Learn about investing and put your money into something that will yield you 5%+ per year. The federal student loans are subsidized, which means you don't start paying interest until you actually graduate. So the money you have right now can be making you extra income, while the loans are free. If you then want to take the money out and pay towards student loans the day you graduate, that's fine, but you'll likely want to continue making 5% off that money while paying the 3.4% interest rate.

[Maze513]

Was it just me who read the OP as

Originally Posted by loopholbrook [You must be logged in to view images. Log in or Register.]

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.

[Doublestep]

the cash i have saved up is going to pay all of my tuition and housing and shit, im not taking any loans until im a junior

[Orruar]

Originally Posted by Doublestep [You must be logged in to view images. Log in or Register.]

the cash i have saved up is going to pay all of my tuition and housing and shit, im not taking any loans until im a junior

Yeah, but you could start taking loans now and invest the money you have into a Roth IRA or whatever. It takes discipline and smarts to make money off it, but if you have these things, it's the way to go. If the government wants to give you giant school loans with no interest for a few years, why say no? If you're the type of person that will just take that money and blow it on xbox games and Code Red, maybe what you're doing is a better idea.

[Doublestep]

i don't play xbox very much but code red is amazing