Student Loan Debt?

[ultrarunner]

Another thread had posts about Household Debt and mentioned many college grads are starting out with significant debt due to student loans.

There are ways around besides having the means to self fund or through family.

Tried and true are scholarships for all or part of expenses… 2 of my 4 nieces are attending now with merit scholarships.

Military Service can both retire existing or pay for future education expenses… I work with RNs through military service we’re able to avoid or reduce loan debt.

Another is by agreeing to practice in underserved areas which could be anywhere under United States jurisdiction.

Another is employer sponsored… several of our RN’s were able to advance from LVN to RN through employer programs on the job.

Then there are significant sign on or retention bonuses that can be applied to reduce household debt.

Having a degree in a sought after field opens many doors.

Here is just one example:

California system gave $100,000 bonuses to nurses for retention. Did it work?

 

[Hay Dude]

Gov___ment should not be involved in higher education-specifically student loans.
The relationship becomes too cozy and too open to corruption.

 

[hiddentacocatneddih]

Company I work for will pay for you to go to school and your schooling. Still a struggle to find people. Granted you will work on electrical and automation systems and you dont have a choice in that. And starting pay is only $100k a year. And you only work half the days of a year.

 

[Tpondel]

According to the news, the Admin plan is to transfer the debt from those who took the loan to those who didn't.

 

[hiddentacocatneddih]

Sadly I think it's a ploy to get the loans paid back quicker using government money

I'd imagine the politicians are going to be paid quite well for it

 

[Hay Dude]

According to the news, the Admin plan is to transfer the debt from those who took the loan to those who didn't.

That was the plan all along.

 

[MattB4]

I don't see a problem. Those that can't pay their student loan debts are sold off into slavery. Need someone to build those pyramid schemes.

 

[drssg]

It doesn't even take a fancy job to get tuition benefits. Target and Walmart have programs available. The universities encourage loans, even for living expenses and computers and stuff, because they are not on the hook if the borrower defaults.

How Walmart's College Tuition Program Works

Continuing your education while working can be challenging in terms of both time and cost. However, employers like Walmart have developed education benefits for employees to ease the financial burden of going back to school. Walmart’s Live Better U education program is 100% paid upfront by Walmar

www.forbes.com

 

[ultrarunner]

In the words from Gilligan's Island...

 

[Tpondel]

When student loans get "forgiven", who's NOT being paid. Someone's being shorted.