Majoring In Debt

Of course universities would not deliver material on debt management. The livelihoods of their campuses depend on student???s climbing into student loan debt. Education on debt management would have students taking a closer look at those figures before jumping into such a long-term debt commitment with any campus.

i remember trying to market credit cards to my fellow classmates to get free stuff. The University told me they dont allow credit card soliciation on campus. Wouldnt you know it, a credit card offer showed up in my mailbox that was sponsored by the college..good scam schmucks.

"The first one is free ..."

http://blogdredd.blogspot.com/2009/01/deceive-business.html

SNAPSHOT: If the Dow hits 6965 it will have lossed 50% of it's value from it high of 13,930.
With the Bank stocks going south fast I expect to see that 50% mark soon.
As I said last Oct. I see the market bottom between 2,500 to 5,000.....and at the rate we'er going it could be less.

Can't believe the lame responce to the credit card loan sharking. Instantly, bring back 19% interest caps, $10 Late fees, 30 billing cycles. The end of banks disgusting loan sharking. No other solution is needed. Write, email your representative and stop the consumer abuse.

Concerned about this very specific problem I designed an 8 week program for high school students. By walking through a financial lifetime and seeing at 17 the choices that are mistakes (that most people didn't discover until they were 40) young adults can make better decisions about credit as they move from being protected children to independent adults. Each week the student has wages and expenses and loans and credit. They use their funds as they see fit. The vast majority will take on as much debt as their coach will fund. Over time, those choices make clear the lost opportunities for saving and investing or even simple living when everything starts being spent on debt service.

It's a lesson well learned before the penalties for those choices are far reaching or permanent. Financial education is first about common sense and basic math. Get kids interested young and they will have tools for making better decisions as adults before predatory lenders find them in college, broke and gullible.

Concerned about this very specific problem I designed an 8 week program for high school students. By walking through a financial lifetime and seeing at 17 the choices that are mistakes (that most people didn't discover until they were 40) young adults can make better decisions about credit as they move from being protected children to independent adults. Each week the student has wages and expenses and loans and credit. They use their funds as they see fit. The vast majority will take on as much debt as their coach will fund. Over time, those choices make clear the lost opportunities for saving and investing or even simple living when everything starts being spent on debt service.

It's a lesson well learned before the penalties for those choices are far reaching or permanent. Financial education is first about common sense and basic math. Get kids interested young and they will have tools for making better decisions as adults before predatory lenders find them in college, broke and gullible.

fixedExpenses.com

Damn it I've been sniffing the White Out again. We are responsible adults, that is what I am trying to say. Sorry for getting it out wrong.....

Ooops, we would take advantage of a college freshwoman sexually should she not know her way around.

We would take advantage of a college freshwoman sexually should she not know her way around. We are professional adults, thirtysomethings, fortysomethings, fiftysomethings.

It amazes me though how some sales people are ready to take advantage of college students because they are inexperienced in financial matters and because their prefrontal lobe cortex doesn't fully develop until age 25 and make them fully aware of consequences of their decisions.

On the same token, maybe these kids should take a course in Life Plays Hardball before they pick a major, too.

The credit card hustle has gone on at college campuses even in the good old days of the 60's when I was in school at INDIANA UNIVERSITY there is no University of Indiana.

Thank you for discussing this tabbo that even this administration does not seem to have any concern. There is really no warning to the future outcomes toward just giving money away to students. I would say the amount of students needing to pay for tuition, housing, insurance, and basic commodities is very high, these lenders do see this potential, but fail to see the potential disaster in the future, including their own operation.
How does this still occur and why are companies like this being treated fairly by the United States Government? There are huge gaps within these subjects that I feel must be discussed and dealt with immediately. We will never get out of this economic bubble if we do not investigate every direction that is escalading the problem itself.
Returning to my point of sconomic hardship, an easy example of how situations evolve is through my own experience. It is hard to say no to lenders when you are broke as it is as a junior or senior (during this point, the amount of financial aid decreases significantly) in college, trying to accomplish your bachelors, masters, etc., while the cost of higher education iand the urban landscape is very high. My fellow colleagues did not flunk out because they were not doing well academically, they flunked out because they cannot afford it personally and/or their families have no more money to pay for their future.
It is very cliche to think like this, but when you are in the situation at hand, you have two choices: drop out or borrow money.

When I was a freshman in college, I think I signed up for 8 credit cards to get the freebies they were handing out. Of course, most of them were junk and I have no idea where they are now. I didn't activate any of them I don't think, I'm not sure if that hurt my credit score or not. If it did, then fortunately my credit score has rebounded. I think if someone had told me what it meant to sign up for those cards, I wouldn't have done it. I hope parents, if not other knowledgeable folk, have that talk with their kids before sending them off on their own.

Someone needs to educate these students on scissor use.