Reply to Financially hobbled for life- elite masters degree that don’t pay off

Forum Index » Money and Finances

Reply to "Financially hobbled for life- elite masters degree that don’t pay off"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If you are smart enough to get into an elite grad program, you should have the intelligence to recognize the financial impact over the long term. [/quote]
one would think so, but being financially savvy is not the same as being academically smart.

I know someone who has multiple degrees from great schools, but this person's finances are a mess.  This person can't manage money.

And no , the debt should not be forgiven. You are an adult; you made a decision.  No else should pay for your bad decision.[/quote]

I wonder how people who take that stand view bankruptcy in other contexts. [/quote]
I don't like the bankruptices laws in this country, but I do think bankruptcies due to medical reasons is legitimate, and actually, it's one of the main reasons why people become bankrupt.

And this is another reason why we need medicare for all.

But, there are different bankruptcy status - one where you can restructure your loan, and the other where you can't but then they can take all your assets and garnish your future wages.

Student loan should not be forgiven completely. Even if you can never pay it back, they should be paying something.

What happens if the loan is forgiven, and then 20 years later, this person hits the lottery?  Shouldn't they pay it back?  If the loan is not forgiven, but just restructured,  that loan could be paid off.[/quote]

I was referring to companies shedding pensions or unfavorable union contracts. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics