+- Online Degrees and CLEP and DSST Exam Prep Discussion (https://www.degreeforum.net/mybb)
+-- Forum: Main Category (https://www.degreeforum.net/mybb/Forum-Main-Category)
+--- Forum: General Education-Related Discussion (https://www.degreeforum.net/mybb/Forum-General-Education-Related-Discussion)
+--- Thread: Ivy Leages suing graduates for un-paid loans. (/Thread-Ivy-Leages-suing-graduates-for-un-paid-loans)
Ivy Leages suing graduates for un-paid loans. - Prloko - 02-06-2013
Yale Suing Former Students Shows Crisis in Loans to Poor - Yahoo! Finance
It makes you think of the ROI on college education when even Ivy League grads can't pay back their loans. Tuition Bubble anyone?
Excerpts:
-Aaron Graff, a farmer's son from Denver, graduated from George Washington in 2010 with the help of $62,500 in scholarships over two years, according to his financial-aid award letters. He defaulted on $4,000 in Perkins loans.
Graff, 30, said he hasn't been able to find a full-time job. He earns $800 a month from teaching high-school equivalency courses and restores basements for extra money. He said he is trying to pay off other student loans first because they were co-signed by his parents.
"I live on the bare minimum," he said. "It's not like I'm defaulting on my student loans to live the lavish life. I'm defaulting on my loans because I really don't have it."-
-Students who take these loans have an obligation to pay them back, said Neal McCluskey an associate director at the Cato Institute in Washington.
"You could take a job at Subway or wherever to pay the bills and that's something you need to do if you have agreed in taking a loan to pay it back," McCluskey said. "It seems like basic responsibility to me." -
Ivy Leages suing graduates for un-paid loans. - freddy - 02-06-2013
Prloko Wrote:It makes you think of the ROI on college education when even Ivy League grads can't pay back their loans. Tuition Bubble anyone?
Pop the pop corn and enjoy the show...
On a more serious note, whenever I hear about college graduates not being able to get a full-time job I often wonder how they spent their college years.
Did they get straight A's or were they just a "pass by the skin of their teeth" student? Did they spend their time partying, drinking, chasing guys/girls or were they doing internships?
On one hand I'm sympathetic, but on the other hand the above questions come to mind...
Ivy Leages suing graduates for un-paid loans. - ldp103 - 02-06-2013
My wife graduated with a B.S. in Criminal justice and have a M.S. in National Security and still can not find a job. Her GPA is 3.8, so there are students who studied hard but still out of work. She's been applying to federal jobs for the past three years and nothing. The weird thing is that she applied for a job with the State and Human Resources called her and said " she's to qualified".
freddy Wrote:Pop the pop corn and enjoy the show...
On a more serious note, whenever I hear about college graduates not being able to get a full-time job I often wonder how they spent their college years.
Did they get straight A's or were they just a "pass by the skin of their teeth" student? Did they spend their time partying, drinking, chasing guys/girls or were they doing internships?
On one hand I'm sympathetic, but on the other hand the above questions come to mind...
Ivy Leages suing graduates for un-paid loans. - freddy - 02-06-2013
@ldp103 - That's unfortunate. Has she only been applying to federal jobs? I've heard it can take a couple of years to land a federal job, but once you do it's hard to lose it. Hopefully, she has success pretty soon.