That's why after this semester I'm getting out while I still can. Thank god this is only semester one for me and I can still get out without $60,000+ in loans. I'm just going to transfer to a Vocational School and get an Associate degree. Less money and time wasted. A piece of paper is not worth 4 years of outrageous debt.
If you cannot get a scholarship or a part time job.... too bad you are not cut to make it. Only geniuses, hard working youth and people with responsible parents should attend college to get a real degree.
This, my friends, is the real "shadow inventory". How do I know? @ $100k+ and counting. It's getting worse because many are now using student loans to live.
The limit on student loans should be $10,000. This way the student would be forced to graduate in four years or be forced to get real world experience while working to pay for school. Either way, the debt load would be small after graduation.
If a college wont give you a full scholarship then, they don't give a shit about you and you don't need to go. And most people have bullshit majors anyway.
These so-called straight A students act like their are genuises and mensa level all because they can memorize things.I have to work hard just to get by because of my LD. It doesn't matter how much intelligence, work ethnic, or experience you have, having LD and these student loans are no joke. These students party, sit on their behinds, and memorize things and expect to move mountains and to think that miracles to pop from the sky. That's why they are in $100,000 in debt from a weak degree. LOL.
I don't see how these studens are being in so much debt than me and their field's of studies are worst than mines. I also had to do work study to help pay for books and to suooprt my mother. I am at rutgers Majoring in psy and minoring in public health because I have a LD and I want to teach and counsel students with LD (dyslexia, dysclculia, autism, ADD, etc.) $30,000 may not be nothing compared to what other students owe but to a student with low income that is still a lot of money.
The college costs are crazy. You are better off being raped, totured, beaten, and killed in the streets or dying of cancer than to be in debt paying $50,000+ in loans just for undergrad. I am terrified just being in $30,000 in debt depite staying back an extra year and taking summer courses for 4 summers because of family issues (my mom having cancer) and having a learning disability and low income.
I was expecting a lot better journalism. They didn't even make the connection between federally MANDATING loans and higher tuition costs. Its like the housing bubble. People who can't afford it taking out loans for something that has a very inflated value.
For all those college graduates hoping to flip burgers, guess again: McDonalds cooks burgers two sides at a time in a convection oven. So you don't even have to use a spatula - just punch in, watch, stare, TAKE OUT KETCHUP MAYO BUN WRAP, stare some more, then again, punch out. All to serve the tradesman military vet who stops by and pays with C-notes bundled in a roll from his 2012 F-150 Super Duty. Yea, life's good for us young people. *sigh*
For all those college graduates hoping to flip burgers, guess again: McDonalds cooks burgers two sides at a time in a convection oven. So you don't even have to use a spatula - just punch in, watch, stare, TAKE OUT KETCHUP MAYO BUN WRAP, stare some more, then again, punch out. All to serve the tradesman military vet who stops by and pays with C-notes bundled in a roll from his 2012 F-150 Super Duty. Yea, life's good for us young people. *sigh*
@BorgKing001 I mean that if they put the effort into getting into college then getting a job with the degree and pay off their student debt it isn't their fault for wanting a better life.
@BorgKing001 This isn't a crybaby response jackhole. Have you had to work hard? I'm guessing you haven't because theses aren't excuses, it's how the real world works.
Ignorant, thats funny,..one thing a philosopher is not, is ignorant. In order to be ignorant you would have to make a decision without any prior thought on the subject. I have dedicated at least 15 years to the subject of creating money. A thought I don't take lightly. Some philosophers would say that the persuit of money is a foley--that I sould be seeking enlightenment. I say, there are a lot of poor philosophers out there.
Well it worked during the war, and will with this war, and is extreme, but chopping off a limb and being deemed disabled will force them to give you grace and wipe the debt off your record!
I'm telling yass, RT women are FINE! Anastasia and all the rest are amazing. One time they had a shot of her walking down a street speaking to the camera, wearing a short skirt and tight blouse. And the studio anchor was just as good...I LOVE RT!!!!
people in the 80's and 90's were being sold the idea of upper middle class jobs. Even the philosophy major was sold this. At the same time we were shipping all the manufacturing jobs out of the United States. We were sold on the idea that this new service/information/education based society would take the place of the loss of manufacturing jobs. By the millennium the trade imbalance was too great and the corporations too strong.
@pantoum are you kidding? I'm working towards my PHD in philosophy. I make plenty of mony and have no debt whatsoever. There is nothing wrong with understanding how life works, including money. If you are intelligent, you won't end up with these debts
@philosophergenius Sure I'm serious. And I disagree with your premise. Intelligence is not the primary factor in amassing wealth. Our economy is on the brink of collapse due corruption and greed at the most powerful levels. If we are to break free of this oligarchy drastic measures must take place.
You can't file for bankruptcy anymore for student loans because people abused it back then. One trick (that my professor on money management) told my class that people used was that they would go to college in a safe high paying field such as a doctor . After graduating, they would immediately file for bankruptcy and get that $200,000 debt removed. Abuse of the system can go both ways.
wierd... im a high school drop out, no college, no university, making $20.90 an hour, 148 hours a month, driving a mazda 3, living in a house and there's people with university and college degrees with no jobs and hundreds of thousands dollar debt??? this doesn't sound right.
You have to understand the people at the credit card booth in your college and at malls are just like a car salesman.. They are always trying to sell you something. It is their job to sell, if they don't pitch, they get fired. It is all about sheeps having "lack of self-control" Having credit cards does not mean you have to use it. Just pay it in FULL at end of every month. Like my teach once said, it is not how many books u read but how much of the info you retain and comprehend that matters.
But that's just it, Dennis. You COULD HAVE helped it. You could have managed your money better, picked a better major (philosophy makes for an easy 4 years, but have fun getting laughed out of every interview you get) or avoided college all together and learned a useful skill and gained some real world experience. I know plumbers your age making 50-60k a year.
But no, you chose the easy way out. And I refuse to pity you for that.
The average debt for graduating students is around $20,000. Yes, increases in college tuition need to be scrutinized - nonetheless, college students should be blamed as well. Colleges throughout the country, even state schools, are installing new dorms, buildings, and gyms in order to entice students. Students want to live the high life for four years instead of learning to live within their means. "Live like a student during college so you don't have to later."
@deisstan The average debt is greater than $20K. It's approaching $30k and the aggregate amount of student debt is now $1Trillion. And it's primarily the fault of USAAmericans who did nothing when tax revenues continued to go up, but the state's continued to cut funding for public unis. Sorry but you can't borrow your way into prosperity, you can't think as one interviewee said that student debt is "good" debt. No such thing exists in a Depression, and make no mistake, we're in a Depression.
I just got a letter the other day stating that the Department of Education moved my student loans to a private investment company. It looks like 2007-2008 all over again except this time you can't apply for bankruptcy.
my friend owe sallie mae 250k she works at banana republic as cashier.I have my useless degree with no debt thank god for going to school for 7 years instead of 4 now wondering if it was all worth it
2:33.... I knew it !!!!! Talked to my gf about this loan stuff a few days ago and I brought to her attention that all this doesn't sound right. Seems too good to be true just like the housing market. She asked me how much debt I would have after college and my answer was $0. I went to a CC first and will start at a CSU in fall of 2012. I hold a job that will pay for my school then. That is the smartest move you can make as a student. Sacrifice the big college bs experience.
@melnick1985 not so sure about that engineering degree; a lot of engineering work is being offshored to india or china, they can employ an army of engineers for the same cost
@JogBird actually I speak Chinese and live in China, most Chinese learn by wrote memorization they have no creativity and usually copy the work of others. 40% of all Professors have copied their thesis from foreigners; China is big in quantity but extremely poor in quality of engineers.
PPL NOW R SHEEP. THINK ABOUT IT, MOST OF US ARE ON ANTI-DEPRESSANTS, LONELY, SUPERFICIAL, IN DEBT AND COMPETING FOR JOBS. THIS COUNTRY IS NOT AS GREAT AS IT USE TO BE, ITS NOW A RAT RACE. MOST OF US ARE SOCIALLY DISCONNECTED AND DON'T EVEN KNOW WHO ARE NEXT DOOR NEIGHBORS ARE. MOST RELATIONSHIPS ARE BASED ON $ AND STATUS. AVERAGE PERSON HAS 4 CLOSE FRIENDS AT MOST. OTHER COUNTRIES ARE FRIENDLY & AMERICANS ARE LIVING IN A BUBBLE. I SEE A LOT OF SAD FACES NO AMBITION AND DREAMS.
Even though the student loan bubble is a very serious concern, how can anyone take RT seriously? They're always advancing conspiracy theories in the US and always put gloomy titles on their stories i.e. "American colleges--useless?". Think.
I am finishing up my PHD and will have 120K in student loans when I graduate next year. However, I have 150K in savings, and will write one fat check six months after graduation. Keep in mind three things while going to school: 1) Live cheap. 2) Just because they send you a check does not mean you should spend it. Sock it away in a savings account for emergencies. 3) WORK WHILE IN SCHOOL.
@TheChineseEmpire Excuse me? Why on Earth would you believe that I had help from my parents? FYI, I grew up with two alcoholic parents that gave me absolutely nothing. I was emancipated at 16, and worked at a grocery store through high school and undergraduate. What have your instructors told you about making assumptions?
What's sad is that many Americans voted for this. TheOre's a disconnect in the US. Americans don't seem to care about each other. Everyone's out for their own self-interest. Until they end up saddled with debt and struggling, many people in this country just don't care about the rest of us. The Occupy movements are inspiring but how many of those people actually care about those less fortunate as opposed to just looking out for one's own self interest? Sad this country has become so corrupted.
"Everyone deserves a college experience" What's with this ridiculous liberal bs? People who major in anything but hard science/engineering are only setting themselves up to have a much lower earning potential. Not to mention the fact that those majors don't give them any sort of job skills that are currently in demand.
@Jsizzistheshizz Science/Engineering majors are not safe. NASA is going under, not sure if it will still be in existence in a few years. There are Engineering majors who are working at Walmart. Even the doctors/nurses will soon have a surplus of them and newer grads in those fields will be in a tough situation. No college major will guarantee job security and/or great earnings.
@jteruel671 no one is safe at all. they have to stop lyin to these high school kids. its not enough to just go to college anymore....even professional school is risky. we have to cut back and find a way to think outside of the box. something has to change.
@Jsizzistheshizz You seem to forget that many critical people in out society, such as lawyers, teachers, and people in the medical field, cannot find work without a degree. When was the last time you saw a teacher that only had a high school education? What about a doctor that didn't finish basic medical courses? College isn't a luxury anymore like it was at the turn of the 20th century - for many of us, it's a requirement.
@LeScratch89 once upon a time you would just train in these fields, work under some one who was already doing it, getting real world experience and then once you had the right amount of knowledge you would be left to your own devices. everything in our society is just a scheme to make money, all of it, all of it.
@Swansen03 I know this. It's a shame that something so critical to our society is run for profit. The same can be said of many public institutions that are critical, such as electrical power and communications.
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I spent $100,000 for an education 10 years ago. I would of had $1 million if I had bought silver instead back then. There's no way the education I got can pay me $1 million over the course of my working years, not to mention there are a lot of opportunity costs of the 4 years I spent on top of the $100,000 tuition bill. When idle things like silver are producing more than your productive investments, you know you're doing something completely wrong.
lol why would i pay 150k for school? i can get a cashier job and use that 150k to buy a house and live my life, or you all should come study in europe much cheaper
The problem is that many people are starting to believe that it is not worth it to attend college. Even though the loan may be tough, it will payoff over the next 40 years.
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To get started just Google ( Job Linked To You ) serach for free millions of jobs.
Fidel Castro and Hugo Chavez must be laughing at this! People, WAKE UP!!! Did you know that there are North Americans that smarted up and are studying Medicine in Cuba for cheap and then come here and take the Medical exams and bypass the student loan scams? google it, you can also watch the documentary that was barely shown here in the U.S. about Fidel Castro by Oliver Stone named Comandante (2003) It shows U.S. citizens students in school saying that after graduation they go back home.
Such a scam. I have a double masters, went to school 10 years (Jr then State). I recieved scholarships/grants but also had to get loans. (Even 'cheap' universities are expensive!) I taught college for 3 yrs. Then NOTHING...no jobs. Had to start my own business. I fell for the scam, the loan sharks are still harrassing me. College did not help me start my own business, THEIR product is broken. The system manipulates you. You're buying fancy paper with signatures, not a career.
When I listen to Anastasia Churkina I can't stop thinking of Borat and his "sexy time'. If she were my sister maybe she could be 2nd best prostitute in all of Kazakhstan
@Foreshadow44 student loan debt bubble bursting does not mean you do not pay back the loan. what it mean is the investment vehicles basically crash in the stock market but the student loan debt won't go away. The only thing i know is Obama is planning on giving pardons on students that have had the debt for 20 years but that is government owned debt only not private debt. Question is where is the government getting the money from?PRINT PRINT PRINT baby get redy for hyperinflation.
I grad. in 2004, after my discharge. I still (even if I weren't disabled now) couldn't find a damn job. Hah, maybe flipping burgers. I did apply for a job being a network tech in 2004, but they wouldn't give it to me...I was "over qualified". Bitch, I need a job! Over qualified? What, they want a under qualified, dumb ass?? I was so pissed. If I could go back in time with the knowledge I have now, I would have stayed in the Army. College is a scam.
but the students that go to the elite schools are able to go through 4 years without practically any debt... seems like the rich, priveleged, and talented will always make out while the rest will become debt slaves.
@Keitaro2011 Really? if you get into Harvard University after studying your rear off, giving up social life and any hopes of marrying or having kids for a long time .... are you really going to say no? When you are a woman and you grow up poor and you suffer the STIGMA of being poor in America... the kinds of jobs you get ... and it is your fault apparently even if you are born into it ... you going to say no? Breeding kids into a hell of hopeless poverty was not THE option for me, sorry.
@Keitaro2011 I was 19 years old when a business I tried to start was stolen from me I learned the hard cold reality of the absolute power of money. The world population is in excess of 6 billion. The private sector can not produce 6 billion good jobs and they have been lying to the world for decades. Failure, high social stratification, is built into a capitalism blinded by greed and religion. Education opens other windows.
I was director at a WSJ (Buffet?) owned "college" there were not enough hospitals to place the health care students and the college didn't care. Keep the money rolling in! That is all they wanted. Want to commit fraud and get away with it? Then open your own college. Our economy is all one big infinite growth system. Infinite growth? Yeah, look at wall street. Stock issuers have that "fiduciary contract" to share holders. Infinite growth... the fail is built in!
people who take out huge loans to go to collage or univercity are pretty freaking stupid....I have never had credit cards only a grade 7 education and I make $120 an hour working for myself for the past 16 years.....you need to create your own jobs to succeed these days...especially if you want get ahead without supporting a corrupt government and the rest of bums and dummies in scociety
@creedstat One day a corporation will steal your business and operate it as their own and you will not be able to come up with enough money and power and lawyers to fight them and nobody is going to feel sorry for a bum like you.
@socialmedic yeaaaa ummmm I am a tattoo artist...I hardly think they will be stealing my job....haha so my comment spurred a reaction out of you so which one are you a bum or a dummy...oh nevermind
@creedstat Yea, that is what the punk rock movement thought. You do know why that movement formed didn't you? Why do you think they got pissed off every time a punk band signed with a major record label. ANYWHERE there is money to be made the corporate monster will show its head.
@futureperfect5@futureperfect5 "The box" is the 75-80 percent of Americans who never complete a college degree ... who form - a democracy that is comprise of uneducated people is no democracy at all - FASCISM. The anti-intellectualism of the Right has boxed Americans by exploiting their lack of education. They have even slapped Jefferson's name on their propaganda, the very man who believed that education was absolutely necessary, above everything else, to the health of a democracy.
@JayBlue72 When has going to college been a great "social experience" for any but a handful of rich kids. In that respect it is no different from the "real world."
Why are students not working while they are in school? I say get a part time job when you are in highschool for two years. use that money to pay for community collage. Then take the money you make in two years of community collage and then you are only left paying for one year of collage but if you work your last year of collage you will only owe about 20,000 if that. I don't understand why people are so in debt.
@creedstat Giving up your life, working your ass off for the privilege of studying your ass off and having a roof over your head while student loans pay nothing except your tuition, maybe a book or a squalid dorm room is instant gratification? Nothing grows infinitely, we learned that in college. If they taught it in high school you wouldn't have a million morons dropping out, breeding and lining up at Target for sold-out designer clothes made by billions of slaves in China and India!
@socialmedic hey dude don't tell me I stopped buying crap I don't need yeas ago ,shopping for designer clothing, driving when I got two feet and a heartbeat and eating out 10 years ago...I never buy my children plastic poisoned crap from walmart either....I taught them young if it says china we don't buy it ....I am starting to think americans like working for minimum wage as they keep shopping at target, walmart, and watcking their jobs fly overseas....america is the nation of burger flippers!
As long as government is involving itself in the student loan business tuition prices will keep going rising. Students are essentially bidding against each other for seats in Colleges & these colleges raise their prices. We need free market forces involved in the student loan business. If government cancelled student loans, students will not be able to borrow money...Colleges will react to drop in demand and slash costs & overhead to bring tuition down to an affordable level.
Simply put, formal education isn't ALWAYS the answer. Not everyone should go to college. We need more individuals to become a skilled tradesman.
I'm currently in debt (not nearly as much as others) and can't hold a job for the life of me. I get hired, get used, then tossed to the curb when done. I chose to stop going because I'd rather not be a part of that "vicious circle" they refer to.
Yeah and what's worrisome is that instead of increasing state funding, student loans are increasing to legitimize the system or are advocated to be repealed all together.
What good is it to pay thousands of dollars for an education when you graduate and can't get a fucking job, or if you can find one it's a low wage job.
@MrBigfan007 That is an excellent question. We need to question why this situation exists. Some people like to blame the educational institutions. They argue the education quality is low. Some blame a decreased demand in a world that has less need and desire to pay people a good wage. Some people blame personal responsibility. Are students doing everything to minimize there costs and maximize their gains? How many students use their loans to live on rather than just pay for school?
There is no "Higher education bubble" what's happening is state funding for colleges is being cut so colleges are shifting the cost to increased tuition.
That's why public colleges have had the greatest increase in costs.
Tuition rates are absurd. Kids should just stop going to college. Only then will they lower their tuition. I think I paid 40 bucks a credit when I went. If Obama cracked down on credit card companies, he needs to rack down on colleges. Everything is going down except for college tuition.
@sharky168 Not even law is worth anything today. The problem with colleges is seated in the government in the first place. "Green" Energy is probably the most useful engineering degree today though EE always has some demand.
@sharky168 What about education? There are certain fields where a degree isn't a "nice thing to have", or a "leg-up"- it's a requirement. There isn't a choice when it comes to certain fields. Also, a lot of credible volunteer organizations want to see a degree.
@TheGreatAlbinoTV This is true. This is what is driving a lot of people to go to/go back to college to get that piece of paper, a lot of places won't even look at how much hands on experience you have, even if you have years of military experience, unless you have paper.
@sharky168 law is useless too unless youre going to go to an ivy league law school. theres plenty of people with law degrees from second tier law schools that are not working as lawyers.
Call your Senator and ask him/her to support the "Fairness for Struggling Students Act of 2011."
Call your Congressman/woman and ask him/her to support the "Private Student Loan Bankruptcy Fairness Act of 2011."
SPREAD THE WORD about these bills. They would provide needed relief to a generation of young people who have been ripped off by the greed-driven, for-profit business that is the American higher education industry.
This network, RT, seems to be a thinly veiled propaganda machine for bad news about the U.S. I don't deny we have economic problems, but RT seems to sensationalize bad news and bring on the most pessimistic bears. I wouldn't be surprised if RT is funded by Russia's intelligence service.
Why is student loan debt non-deductible once you make 75K a year, but a billionaire can deduct mortgage interest on a $25 million home? Now you know who runs this country.
It's really funny actually; higher education should be reserved for the intellectually elite, future engineers, and future scientists. Period. Yet, these student loan companies, which the government regulates HEAVILY, hand out loans like candy.
@CSec946 let me augment that; higher education should be reserved for the intellectually elite, future engineers, future scientists, and future teachers.
THE REAL UNEMPLOYMENT IN THE USA IS OVER 20 PERCENT... ITS ALL BULLSHIT THIS ADJUSTED MANIPULATED CALCULATION FOR THE MASS CONSUMER TELEVISON AUDIENCE... .
Kids its called the US Army ask the recruiter about Loan Payment Program and the Army will pay all your loans if they are rolled in a federal student loan and give the army 8 years. All you have to do is go to Afghanistan Iraq or if your lucky Korea.
@socialmedic Wrong. America currently practices socialism, and they are making the hypocrisy that is the U.S. look terrible. When there is true capitalism, this type of calamity should be avoided.
That's why after this semester I'm getting out while I still can. Thank god this is only semester one for me and I can still get out without $60,000+ in loans. I'm just going to transfer to a Vocational School and get an Associate degree. Less money and time wasted. A piece of paper is not worth 4 years of outrageous debt.
pamlovsy2j 1 week ago
Pop already!!
whyyesyes 2 weeks ago
@whyyesyes Ahahah that's what I keep thinking! XD "POP! POP! POP!" lmao
ihazkittens 3 days ago
If you cannot get a scholarship or a part time job.... too bad you are not cut to make it. Only geniuses, hard working youth and people with responsible parents should attend college to get a real degree.
joinProfusionEx 2 weeks ago
This, my friends, is the real "shadow inventory". How do I know? @ $100k+ and counting. It's getting worse because many are now using student loans to live.
gimmie1261 2 weeks ago
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The limit on student loans should be $10,000. This way the student would be forced to graduate in four years or be forced to get real world experience while working to pay for school. Either way, the debt load would be small after graduation.
JohnD2095 2 weeks ago
If a college wont give you a full scholarship then, they don't give a shit about you and you don't need to go. And most people have bullshit majors anyway.
trackstrb 1 month ago
Student loans... the education bubble created by and run by government that free market capitalism will receive the blame for yet again.
stebecool 1 month ago
These so-called straight A students act like their are genuises and mensa level all because they can memorize things.I have to work hard just to get by because of my LD. It doesn't matter how much intelligence, work ethnic, or experience you have, having LD and these student loans are no joke. These students party, sit on their behinds, and memorize things and expect to move mountains and to think that miracles to pop from the sky. That's why they are in $100,000 in debt from a weak degree. LOL.
JanayM 1 month ago
I don't see how these studens are being in so much debt than me and their field's of studies are worst than mines. I also had to do work study to help pay for books and to suooprt my mother. I am at rutgers Majoring in psy and minoring in public health because I have a LD and I want to teach and counsel students with LD (dyslexia, dysclculia, autism, ADD, etc.) $30,000 may not be nothing compared to what other students owe but to a student with low income that is still a lot of money.
JanayM 1 month ago
The college costs are crazy. You are better off being raped, totured, beaten, and killed in the streets or dying of cancer than to be in debt paying $50,000+ in loans just for undergrad. I am terrified just being in $30,000 in debt depite staying back an extra year and taking summer courses for 4 summers because of family issues (my mom having cancer) and having a learning disability and low income.
JanayM 1 month ago
I was expecting a lot better journalism. They didn't even make the connection between federally MANDATING loans and higher tuition costs. Its like the housing bubble. People who can't afford it taking out loans for something that has a very inflated value.
etstop1 1 month ago
DEBT = SERFDOM
CENTRAL BANKERS = ROYALTY
whyyesyes 1 month ago
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For all those college graduates hoping to flip burgers, guess again: McDonalds cooks burgers two sides at a time in a convection oven. So you don't even have to use a spatula - just punch in, watch, stare, TAKE OUT KETCHUP MAYO BUN WRAP, stare some more, then again, punch out. All to serve the tradesman military vet who stops by and pays with C-notes bundled in a roll from his 2012 F-150 Super Duty. Yea, life's good for us young people. *sigh*
redoctober90 1 month ago
For all those college graduates hoping to flip burgers, guess again: McDonalds cooks burgers two sides at a time in a convection oven. So you don't even have to use a spatula - just punch in, watch, stare, TAKE OUT KETCHUP MAYO BUN WRAP, stare some more, then again, punch out. All to serve the tradesman military vet who stops by and pays with C-notes bundled in a roll from his 2012 F-150 Super Duty. Yea, life's good for us young people. *sigh*
redoctober90 1 month ago
The Fed gives loans to the big banks at 0% interest! Someone is making a lot of money on any loans whether it be to students or house owners.
novicemilk 2 months ago
thumbs up if your in debt.
Smokie181 2 months ago
If your in debt, its your fault. Period!
BorgKing001 2 months ago
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Charlie12241 1 month ago
@BorgKing001 So all college graduates are too lazy to stick with any job for 4 years or more.
Charlie12241 1 month ago
@Charlie12241 What do you mean
BorgKing001 1 month ago
@BorgKing001 I mean that if they put the effort into getting into college then getting a job with the degree and pay off their student debt it isn't their fault for wanting a better life.
Charlie12241 1 month ago
@Charlie12241 You can have a great life without debt
BorgKing001 1 month ago
@BorgKing001 You can't when what you want requires college.
Charlie12241 1 month ago
@Charlie12241 BS, you can get what you want. I'm tired of these crybaby responses, so you have to work hard, tough shit
BorgKing001 1 month ago
@BorgKing001 This isn't a crybaby response jackhole. Have you had to work hard? I'm guessing you haven't because theses aren't excuses, it's how the real world works.
Charlie12241 1 month ago 3
@BorgKing001 oh fuck you
Zac6230 1 month ago 2
Ignorant, thats funny,..one thing a philosopher is not, is ignorant. In order to be ignorant you would have to make a decision without any prior thought on the subject. I have dedicated at least 15 years to the subject of creating money. A thought I don't take lightly. Some philosophers would say that the persuit of money is a foley--that I sould be seeking enlightenment. I say, there are a lot of poor philosophers out there.
philosophergenius 2 months ago
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3:51, why did they show a black junkie?
kashsoldier 2 months ago
Comment removed
kashsoldier 2 months ago
Well it worked during the war, and will with this war, and is extreme, but chopping off a limb and being deemed disabled will force them to give you grace and wipe the debt off your record!
onejanedoe2003 2 months ago
Kurt Cobain was a profit :) He said the youth would lose their place in society, jobs, wealth.
oddsource 2 months ago
I'm telling yass, RT women are FINE! Anastasia and all the rest are amazing. One time they had a shot of her walking down a street speaking to the camera, wearing a short skirt and tight blouse. And the studio anchor was just as good...I LOVE RT!!!!
ripperduck 2 months ago
people in the 80's and 90's were being sold the idea of upper middle class jobs. Even the philosophy major was sold this. At the same time we were shipping all the manufacturing jobs out of the United States. We were sold on the idea that this new service/information/education based society would take the place of the loss of manufacturing jobs. By the millennium the trade imbalance was too great and the corporations too strong.
pantoum 2 months ago
@pantoum are you kidding? I'm working towards my PHD in philosophy. I make plenty of mony and have no debt whatsoever. There is nothing wrong with understanding how life works, including money. If you are intelligent, you won't end up with these debts
philosophergenius 2 months ago
@philosophergenius Sure I'm serious. And I disagree with your premise. Intelligence is not the primary factor in amassing wealth. Our economy is on the brink of collapse due corruption and greed at the most powerful levels. If we are to break free of this oligarchy drastic measures must take place.
pantoum 2 months ago
@philosophergenius
you teach philosophy and you have plenty of money? Sure. Your last sentence is the most ignorant statement.
PatriotsDomain 2 months ago
@PatriotsDomain No I don't teach philosophy to make money, that would be stupid. I use philosophy to make money.
philosophergenius 2 months ago
@philosophergenius hehe. Sure, you don't need a shrink !!
kashsoldier 2 months ago
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You can't file for bankruptcy anymore for student loans because people abused it back then. One trick (that my professor on money management) told my class that people used was that they would go to college in a safe high paying field such as a doctor . After graduating, they would immediately file for bankruptcy and get that $200,000 debt removed. Abuse of the system can go both ways.
jennydevic 2 months ago
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jennydevic 2 months ago
wierd... im a high school drop out, no college, no university, making $20.90 an hour, 148 hours a month, driving a mazda 3, living in a house and there's people with university and college degrees with no jobs and hundreds of thousands dollar debt??? this doesn't sound right.
Smokie181 2 months ago
You have to understand the people at the credit card booth in your college and at malls are just like a car salesman.. They are always trying to sell you something. It is their job to sell, if they don't pitch, they get fired. It is all about sheeps having "lack of self-control" Having credit cards does not mean you have to use it. Just pay it in FULL at end of every month. Like my teach once said, it is not how many books u read but how much of the info you retain and comprehend that matters.
MrSeriouslynot 3 months ago
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MrSeriouslynot 3 months ago
But that's just it, Dennis. You COULD HAVE helped it. You could have managed your money better, picked a better major (philosophy makes for an easy 4 years, but have fun getting laughed out of every interview you get) or avoided college all together and learned a useful skill and gained some real world experience. I know plumbers your age making 50-60k a year.
But no, you chose the easy way out. And I refuse to pity you for that.
ChromeTruckNutz 3 months ago
@ChromeTruckNutz You're an idiot.
marysunshine1990 3 months ago
@marysunshine1990 You're loaded with student debt and I laugh at your misfortune. Ha!
Fuck you.
ChromeTruckNutz 2 months ago
The average debt for graduating students is around $20,000. Yes, increases in college tuition need to be scrutinized - nonetheless, college students should be blamed as well. Colleges throughout the country, even state schools, are installing new dorms, buildings, and gyms in order to entice students. Students want to live the high life for four years instead of learning to live within their means. "Live like a student during college so you don't have to later."
deisstan 3 months ago
@deisstan The average debt is greater than $20K. It's approaching $30k and the aggregate amount of student debt is now $1Trillion. And it's primarily the fault of USAAmericans who did nothing when tax revenues continued to go up, but the state's continued to cut funding for public unis. Sorry but you can't borrow your way into prosperity, you can't think as one interviewee said that student debt is "good" debt. No such thing exists in a Depression, and make no mistake, we're in a Depression.
ripperduck 2 months ago
I just got a letter the other day stating that the Department of Education moved my student loans to a private investment company. It looks like 2007-2008 all over again except this time you can't apply for bankruptcy.
MrQuijadaj 3 months ago
my friend owe sallie mae 250k she works at banana republic as cashier.I have my useless degree with no debt thank god for going to school for 7 years instead of 4 now wondering if it was all worth it
kichaawetu 3 months ago
2:33.... I knew it !!!!! Talked to my gf about this loan stuff a few days ago and I brought to her attention that all this doesn't sound right. Seems too good to be true just like the housing market. She asked me how much debt I would have after college and my answer was $0. I went to a CC first and will start at a CSU in fall of 2012. I hold a job that will pay for my school then. That is the smartest move you can make as a student. Sacrifice the big college bs experience.
hotguybmx760 3 months ago
@hotguybmx760 tri c for lakeland ; )
Vaneroth1 3 months ago
In 10 years there will only be degrees in Engineering and Medicine
melnick1985 3 months ago
@melnick1985 not so sure about that engineering degree; a lot of engineering work is being offshored to india or china, they can employ an army of engineers for the same cost
JogBird 3 months ago
@JogBird That is very true. All academic degree plans are now pretty much garbage. The USA is officially a 3rd world toilet. :(
dutytocareforothers 3 months ago in playlist Student Debt Racket
@JogBird actually I speak Chinese and live in China, most Chinese learn by wrote memorization they have no creativity and usually copy the work of others. 40% of all Professors have copied their thesis from foreigners; China is big in quantity but extremely poor in quality of engineers.
melnick1985 3 months ago
PPL NOW R SHEEP. THINK ABOUT IT, MOST OF US ARE ON ANTI-DEPRESSANTS, LONELY, SUPERFICIAL, IN DEBT AND COMPETING FOR JOBS. THIS COUNTRY IS NOT AS GREAT AS IT USE TO BE, ITS NOW A RAT RACE. MOST OF US ARE SOCIALLY DISCONNECTED AND DON'T EVEN KNOW WHO ARE NEXT DOOR NEIGHBORS ARE. MOST RELATIONSHIPS ARE BASED ON $ AND STATUS. AVERAGE PERSON HAS 4 CLOSE FRIENDS AT MOST. OTHER COUNTRIES ARE FRIENDLY & AMERICANS ARE LIVING IN A BUBBLE. I SEE A LOT OF SAD FACES NO AMBITION AND DREAMS.
MRTEL7777 3 months ago
Even though the student loan bubble is a very serious concern, how can anyone take RT seriously? They're always advancing conspiracy theories in the US and always put gloomy titles on their stories i.e. "American colleges--useless?". Think.
austiiiiiin 3 months ago
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neverpayagain.co.uk
stromak 3 months ago
These two look so alike! they look like sisters
missbutter81 4 months ago
Hurry and burst!
pinkygray 4 months ago
I am finishing up my PHD and will have 120K in student loans when I graduate next year. However, I have 150K in savings, and will write one fat check six months after graduation. Keep in mind three things while going to school: 1) Live cheap. 2) Just because they send you a check does not mean you should spend it. Sock it away in a savings account for emergencies. 3) WORK WHILE IN SCHOOL.
fahs 4 months ago
@fahs - not everyone has family to fall back on which I'm sure you do. 4) your parents.
TheChineseEmpire 4 months ago
@TheChineseEmpire Excuse me? Why on Earth would you believe that I had help from my parents? FYI, I grew up with two alcoholic parents that gave me absolutely nothing. I was emancipated at 16, and worked at a grocery store through high school and undergraduate. What have your instructors told you about making assumptions?
fahs 4 months ago
What's sad is that many Americans voted for this. TheOre's a disconnect in the US. Americans don't seem to care about each other. Everyone's out for their own self-interest. Until they end up saddled with debt and struggling, many people in this country just don't care about the rest of us. The Occupy movements are inspiring but how many of those people actually care about those less fortunate as opposed to just looking out for one's own self interest? Sad this country has become so corrupted.
PurrGrrl 4 months ago
"Everyone deserves a college experience" What's with this ridiculous liberal bs? People who major in anything but hard science/engineering are only setting themselves up to have a much lower earning potential. Not to mention the fact that those majors don't give them any sort of job skills that are currently in demand.
Jsizzistheshizz 4 months ago
@Jsizzistheshizz Science/Engineering majors are not safe. NASA is going under, not sure if it will still be in existence in a few years. There are Engineering majors who are working at Walmart. Even the doctors/nurses will soon have a surplus of them and newer grads in those fields will be in a tough situation. No college major will guarantee job security and/or great earnings.
jteruel671 4 months ago
@jteruel671 no one is safe at all. they have to stop lyin to these high school kids. its not enough to just go to college anymore....even professional school is risky. we have to cut back and find a way to think outside of the box. something has to change.
shasanni 4 months ago
@shasanni In 100% agreement with you. It's now time to think outside the norms and break the walls to innovation.
jteruel671 4 months ago
@Jsizzistheshizz You seem to forget that many critical people in out society, such as lawyers, teachers, and people in the medical field, cannot find work without a degree. When was the last time you saw a teacher that only had a high school education? What about a doctor that didn't finish basic medical courses? College isn't a luxury anymore like it was at the turn of the 20th century - for many of us, it's a requirement.
LeScratch89 4 months ago 19
@LeScratch89 once upon a time you would just train in these fields, work under some one who was already doing it, getting real world experience and then once you had the right amount of knowledge you would be left to your own devices. everything in our society is just a scheme to make money, all of it, all of it.
Swansen03 3 months ago
@Swansen03 I know this. It's a shame that something so critical to our society is run for profit. The same can be said of many public institutions that are critical, such as electrical power and communications.
LeScratch89 3 months ago
@Swansen03 Yes! The USA society is absolutely putrid. It's parasitic and everyone is cold-blooded narcissist.
dutytocareforothers 3 months ago in playlist Student Debt Racket
@LeScratch89 Correction, Lawyers don't need a degree to practice law... just simply pass the state BAR exam
seroki86 1 month ago
RESTORING THE AMERICAN DREAM: Search for free millions of jobs on the largest #1 job site worldwide, with over 50 million unique visitors and 1 billion job searches per month and is available in more than 50 countries and 26 languages, covering 94% of global GDP. We have jobs in every state county and city in the US. Plus job and resume posting. Find the job that interest you today.
To get started just Google ( Jobs Linked To You ) then start seraching millions of jobs
popovar78 4 months ago
I spent $100,000 for an education 10 years ago. I would of had $1 million if I had bought silver instead back then. There's no way the education I got can pay me $1 million over the course of my working years, not to mention there are a lot of opportunity costs of the 4 years I spent on top of the $100,000 tuition bill. When idle things like silver are producing more than your productive investments, you know you're doing something completely wrong.
FortNikitaBullion 4 months ago
hmmmmmm. $100k loan for a $40k teaching job?
mannyvelo 4 months ago
lol why would i pay 150k for school? i can get a cashier job and use that 150k to buy a house and live my life, or you all should come study in europe much cheaper
itscloudyagain 4 months ago
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Tufts University in Medford, MA is the biggest scam. The school is greedy and the teachers suck.
swirlcrop 4 months ago
That news anchor bitch has a nice rack on her.
rtshchand 4 months ago
The problem is that many people are starting to believe that it is not worth it to attend college. Even though the loan may be tough, it will payoff over the next 40 years.
consumerdebtradio 4 months ago
A lot of people are glad they went 50k in debt for those degrees in basket weaving...
Drednots 4 months ago
This has been flagged as spam show
RESTORING THE AMERICAN DREAM: Search for free millions of jobs on the largest #1 job site worldwide, with over 50 million unique visitors and 1 billion job searches per month and is available in more than 50 countries and 26 languages, covering 94% of global GDP. We have jobs in every state county and city in the USA. Plus you can post jobs and resums.
To get started just Google ( Job Linked To You ) serach for free millions of jobs.
robvar83 4 months ago
Fidel Castro and Hugo Chavez must be laughing at this! People, WAKE UP!!! Did you know that there are North Americans that smarted up and are studying Medicine in Cuba for cheap and then come here and take the Medical exams and bypass the student loan scams? google it, you can also watch the documentary that was barely shown here in the U.S. about Fidel Castro by Oliver Stone named Comandante (2003) It shows U.S. citizens students in school saying that after graduation they go back home.
lcvd1 4 months ago
Such a scam. I have a double masters, went to school 10 years (Jr then State). I recieved scholarships/grants but also had to get loans. (Even 'cheap' universities are expensive!) I taught college for 3 yrs. Then NOTHING...no jobs. Had to start my own business. I fell for the scam, the loan sharks are still harrassing me. College did not help me start my own business, THEIR product is broken. The system manipulates you. You're buying fancy paper with signatures, not a career.
Stardusterful 5 months ago
I know somebody who sold one of their kidneys and both their feet to pay off their student loans. Now they can´t go to work. So sad. So sad.
swirlcrop 5 months ago
@swirlcrop are u damn serious. how can you sell your feet
110301839 5 months ago
@swirlcrop What the fuck? I hate being in debt but I would be in debt for life before I'd do that to myself!
cadmiumblue 5 months ago
I know girls that have gotten boob jobs.....with their student loans.
GradyWhite2007 5 months ago
@GradyWhite2007 sweet!...now that is the kind of investment I'm talking about...now they can strip, thus avoiding the job crisis!
mathiasgandy 5 months ago
When I listen to Anastasia Churkina I can't stop thinking of Borat and his "sexy time'. If she were my sister maybe she could be 2nd best prostitute in all of Kazakhstan
Foreshadow44 5 months ago
I would love for it to burst. Please let that bubble burst. Burst Burst Burst.
Foreshadow44 5 months ago 24
@Foreshadow44 student loan debt bubble bursting does not mean you do not pay back the loan. what it mean is the investment vehicles basically crash in the stock market but the student loan debt won't go away. The only thing i know is Obama is planning on giving pardons on students that have had the debt for 20 years but that is government owned debt only not private debt. Question is where is the government getting the money from?PRINT PRINT PRINT baby get redy for hyperinflation.
TheCashistrash 4 months ago
THIS ENTIRE SCENARIO HAS BEEN ENGINEERED BY THOSE IN GOVERNMENT WHO ARE FULLY INVESTED IN CRIPPLING THIS COUNTRY BY CRIPPLING OUR GENERATION
illuminatioracle 5 months ago
sell weed
beaufortguy18 5 months ago in playlist More videos from RTAmerica
I grad. in 2004, after my discharge. I still (even if I weren't disabled now) couldn't find a damn job. Hah, maybe flipping burgers. I did apply for a job being a network tech in 2004, but they wouldn't give it to me...I was "over qualified". Bitch, I need a job! Over qualified? What, they want a under qualified, dumb ass?? I was so pissed. If I could go back in time with the knowledge I have now, I would have stayed in the Army. College is a scam.
Bllackguard666 5 months ago
@Bllackguard666 I agree, defintley opens questions in those areas. I've wondered and agree with the over/under qualifed stuff.
Jayli0 5 months ago
but the students that go to the elite schools are able to go through 4 years without practically any debt... seems like the rich, priveleged, and talented will always make out while the rest will become debt slaves.
boobtuber06 5 months ago 2
@boobtuber06 Well said.
sheliene12 5 months ago
I'm in the same boat. I graduated college in 2008. And still havenot found work.
u2hubbard 5 months ago
this dina reporter is totally mind fucked by society ...
ManOnEarth17 5 months ago
My philosophy: Don't fuking get into debt. If you can't pay for something, don't buy it.
Keitaro2011 5 months ago
@Keitaro2011 Really? if you get into Harvard University after studying your rear off, giving up social life and any hopes of marrying or having kids for a long time .... are you really going to say no? When you are a woman and you grow up poor and you suffer the STIGMA of being poor in America... the kinds of jobs you get ... and it is your fault apparently even if you are born into it ... you going to say no? Breeding kids into a hell of hopeless poverty was not THE option for me, sorry.
socialmedic 5 months ago
@socialmedic You don't need to get into debt in order to get a good job. Sorry to tell you, but your efforts were wasted.
Keitaro2011 5 months ago
@Keitaro2011 I was 19 years old when a business I tried to start was stolen from me I learned the hard cold reality of the absolute power of money. The world population is in excess of 6 billion. The private sector can not produce 6 billion good jobs and they have been lying to the world for decades. Failure, high social stratification, is built into a capitalism blinded by greed and religion. Education opens other windows.
socialmedic 5 months ago
I was director at a WSJ (Buffet?) owned "college" there were not enough hospitals to place the health care students and the college didn't care. Keep the money rolling in! That is all they wanted. Want to commit fraud and get away with it? Then open your own college. Our economy is all one big infinite growth system. Infinite growth? Yeah, look at wall street. Stock issuers have that "fiduciary contract" to share holders. Infinite growth... the fail is built in!
YA READY?? I AM!
UnitedCorpOfAmerica 5 months ago
people who take out huge loans to go to collage or univercity are pretty freaking stupid....I have never had credit cards only a grade 7 education and I make $120 an hour working for myself for the past 16 years.....you need to create your own jobs to succeed these days...especially if you want get ahead without supporting a corrupt government and the rest of bums and dummies in scociety
creedstat 5 months ago
@creedstat One day a corporation will steal your business and operate it as their own and you will not be able to come up with enough money and power and lawyers to fight them and nobody is going to feel sorry for a bum like you.
socialmedic 5 months ago
@socialmedic yeaaaa ummmm I am a tattoo artist...I hardly think they will be stealing my job....haha so my comment spurred a reaction out of you so which one are you a bum or a dummy...oh nevermind
creedstat 5 months ago
@creedstat Yea, that is what the punk rock movement thought. You do know why that movement formed didn't you? Why do you think they got pissed off every time a punk band signed with a major record label. ANYWHERE there is money to be made the corporate monster will show its head.
socialmedic 5 months ago
Americans are NOT encouraged to "think outside the box" in college ...
futureperfect5 5 months ago 2
@futureperfect5 @futureperfect5 "The box" is the 75-80 percent of Americans who never complete a college degree ... who form - a democracy that is comprise of uneducated people is no democracy at all - FASCISM. The anti-intellectualism of the Right has boxed Americans by exploiting their lack of education. They have even slapped Jefferson's name on their propaganda, the very man who believed that education was absolutely necessary, above everything else, to the health of a democracy.
socialmedic 5 months ago
@futureperfect5 I agree. Americans are trained to stay within limited walls...
TakaraSakura 5 months ago
In Soviet Russia, student loan pay you!
5h06un 5 months ago
id go 100k in debt just for one night with Anastasia
Teph87 6 months ago 2
@Teph87 haha who wouldn't?
hailholyghost 5 months ago
Poor kids, paying through the nose for their own brainwashing....
Going to college might be a great social experience, but it has less and less to do with actual education.
JayBlue72 6 months ago
@JayBlue72 When has going to college been a great "social experience" for any but a handful of rich kids. In that respect it is no different from the "real world."
socialmedic 5 months ago
I have a solution: Lets start burning down all financial institutions... you never know, you could save the world.
AnotherAgnostic 6 months ago
Another thought it. While these people were in collage did they just not work? did they bust their money on going out, trips, clothes, a car? hummm
lstone12 6 months ago
Why are students not working while they are in school? I say get a part time job when you are in highschool for two years. use that money to pay for community collage. Then take the money you make in two years of community collage and then you are only left paying for one year of collage but if you work your last year of collage you will only owe about 20,000 if that. I don't understand why people are so in debt.
lstone12 6 months ago
@lstone12 hard work and determination have gone the way of the dinosaur....instant gratification nation has led to america's demise
creedstat 5 months ago
@creedstat Giving up your life, working your ass off for the privilege of studying your ass off and having a roof over your head while student loans pay nothing except your tuition, maybe a book or a squalid dorm room is instant gratification? Nothing grows infinitely, we learned that in college. If they taught it in high school you wouldn't have a million morons dropping out, breeding and lining up at Target for sold-out designer clothes made by billions of slaves in China and India!
socialmedic 5 months ago 2
@socialmedic hey dude don't tell me I stopped buying crap I don't need yeas ago ,shopping for designer clothing, driving when I got two feet and a heartbeat and eating out 10 years ago...I never buy my children plastic poisoned crap from walmart either....I taught them young if it says china we don't buy it ....I am starting to think americans like working for minimum wage as they keep shopping at target, walmart, and watcking their jobs fly overseas....america is the nation of burger flippers!
creedstat 5 months ago
whatever happened to people just educating theirselves and creating their own jobs
I am self employed make great money and have never had debt or any kind of credit
creedstat 6 months ago
I thought that was flavor flav sitting on the curb for a second..
RickiSanchez 6 months ago 3
As long as government is involving itself in the student loan business tuition prices will keep going rising. Students are essentially bidding against each other for seats in Colleges & these colleges raise their prices. We need free market forces involved in the student loan business. If government cancelled student loans, students will not be able to borrow money...Colleges will react to drop in demand and slash costs & overhead to bring tuition down to an affordable level.
DEEPGNOSTIC 6 months ago
Simply put, formal education isn't ALWAYS the answer. Not everyone should go to college. We need more individuals to become a skilled tradesman.
I'm currently in debt (not nearly as much as others) and can't hold a job for the life of me. I get hired, get used, then tossed to the curb when done. I chose to stop going because I'd rather not be a part of that "vicious circle" they refer to.
What's the ultimate answer? Educate yourself.
UpstateDVDs 6 months ago
too bad they did not go into debt of 100K by investing in gold since september 3, 2010, when this thing was posted
edwardwills 6 months ago
Aïe, aïe, quels clichés : l'université permet d'élargir ses horizons. Bof, sauf pour les sciences, c'est une école de conformité politique.
RustineEduc 6 months ago
wow the us government are screwing their own people
drey27 6 months ago
@mrjackassjerry well your username reflects your intellect well :smh: wtf is a blue girl?
12Oc7ock 7 months ago
@jshowa4
Yeah and what's worrisome is that instead of increasing state funding, student loans are increasing to legitimize the system or are advocated to be repealed all together.
AndroidPolitician 7 months ago
What good is it to pay thousands of dollars for an education when you graduate and can't get a fucking job, or if you can find one it's a low wage job.
MrBigfan007 7 months ago
@MrBigfan007 That is an excellent question. We need to question why this situation exists. Some people like to blame the educational institutions. They argue the education quality is low. Some blame a decreased demand in a world that has less need and desire to pay people a good wage. Some people blame personal responsibility. Are students doing everything to minimize there costs and maximize their gains? How many students use their loans to live on rather than just pay for school?
wentafew 6 months ago
Government has cheated funding of public education over the past 30 years. These students are being gouged by the rich
robertmike57 7 months ago
There is no "Higher education bubble" what's happening is state funding for colleges is being cut so colleges are shifting the cost to increased tuition.
That's why public colleges have had the greatest increase in costs.
AndroidPolitician 7 months ago
Tuition rates are absurd. Kids should just stop going to college. Only then will they lower their tuition. I think I paid 40 bucks a credit when I went. If Obama cracked down on credit card companies, he needs to rack down on colleges. Everything is going down except for college tuition.
upinflamezzz 7 months ago
Isn't that a great education system?
LucBertolotti 7 months ago
Only go to college if you're doing a hard science, engineering or law.
Everything else is worthless shit.
You're better off volunteering to gain experience in your chosen field.
sharky168 7 months ago 7
@sharky168 Not even law is worth anything today. The problem with colleges is seated in the government in the first place. "Green" Energy is probably the most useful engineering degree today though EE always has some demand.
mariomaruf 5 months ago
@sharky168 even business?
cman1112 4 months ago
@sharky168 What about education? There are certain fields where a degree isn't a "nice thing to have", or a "leg-up"- it's a requirement. There isn't a choice when it comes to certain fields. Also, a lot of credible volunteer organizations want to see a degree.
TheGreatAlbinoTV 4 months ago
@TheGreatAlbinoTV This is true. This is what is driving a lot of people to go to/go back to college to get that piece of paper, a lot of places won't even look at how much hands on experience you have, even if you have years of military experience, unless you have paper.
Deepdesert 4 months ago
@sharky168
i do not recommend doing law....
koala8 4 months ago
@sharky168 law is useless too unless youre going to go to an ivy league law school. theres plenty of people with law degrees from second tier law schools that are not working as lawyers.
MrJbuzz19 4 months ago
colledge degrees are worthless today unless you get into a good trade or go into business for youself.... under the table
phliperphil 7 months ago
how about using cheap ass PC instead of Apple Mac. use cheaper phone instead of expensive 2 years contract of an Iphone.
Do not party every weekend.
and dont get a coffee at starbucks every morning. that would helps
crumcon 7 months ago
The guy @ 2:50 looks really handsome.
MrJackassjerry 7 months ago
@ 3:51 That black guy in red pants is talking to himself......
MrJackassjerry 7 months ago
@MrJackassjerry he has over 150 grand in student debt
crumcon 7 months ago
The guy @ 4:04 looks really shady.
MrJackassjerry 7 months ago
That girl name Shana looks like a well dressed rich american girl. I thought she drives a Porsche/bmw. but she is flat broke....lolll
MrJackassjerry 7 months ago
The blue girl has the face of megan foxx and the body of Pamela Anderson.
MrJackassjerry 7 months ago
The next report from America is going to be about how 2 million people suddenly tried to fake their debts to escape from the loan sharks and banks.
staple006 7 months ago
It's so simple, just don't pay. That's what's going to happen anyway.
TheDarchorse 7 months ago
So what is debt? Its perception! If they want the money print the FUCKIN MONEY!!!
sickasso72 8 months ago
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Call your Senator and ask him/her to support the "Fairness for Struggling Students Act of 2011."
Call your Congressman/woman and ask him/her to support the "Private Student Loan Bankruptcy Fairness Act of 2011."
SPREAD THE WORD about these bills. They would provide needed relief to a generation of young people who have been ripped off by the greed-driven, for-profit business that is the American higher education industry.
phillyspartanfan 8 months ago
This network, RT, seems to be a thinly veiled propaganda machine for bad news about the U.S. I don't deny we have economic problems, but RT seems to sensationalize bad news and bring on the most pessimistic bears. I wouldn't be surprised if RT is funded by Russia's intelligence service.
kevinusma 8 months ago
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Why is student loan debt non-deductible once you make 75K a year, but a billionaire can deduct mortgage interest on a $25 million home? Now you know who runs this country.
kevinusma 8 months ago
It's really funny actually; higher education should be reserved for the intellectually elite, future engineers, and future scientists. Period. Yet, these student loan companies, which the government regulates HEAVILY, hand out loans like candy.
CSec946 8 months ago
@CSec946 let me augment that; higher education should be reserved for the intellectually elite, future engineers, future scientists, and future teachers.
CSec946 8 months ago
This actually looks pretty good for what appears to be some kind of high school production.
HugoMasekela 9 months ago
THE REAL UNEMPLOYMENT IN THE USA IS OVER 20 PERCENT... ITS ALL BULLSHIT THIS ADJUSTED MANIPULATED CALCULATION FOR THE MASS CONSUMER TELEVISON AUDIENCE... .
antoniozart 9 months ago 10
Kids its called the US Army ask the recruiter about Loan Payment Program and the Army will pay all your loans if they are rolled in a federal student loan and give the army 8 years. All you have to do is go to Afghanistan Iraq or if your lucky Korea.
J5MARLON 9 months ago
@socialmedic Wrong. America currently practices socialism, and they are making the hypocrisy that is the U.S. look terrible. When there is true capitalism, this type of calamity should be avoided.
LivingthaDreem 10 months ago