Student Loan Bubble....

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If you want to open your college of pharmacy and charge exuberant amounts of tuition, you stand to make a substantial amount of money before the bubble bursts and we end up with government intervention or bailouts.
 
One possible way to profit off of this is to reduce payroll costs if you own a pharmacy business. New grads are having difficulty finding employment, so they may be encouraged to take what the market will give them . If one has $200,000 in student loans to pay off, they will be glad to take an hourly rate of $25/hr. It's better than not having a job, right? Hey it's totally conceivable.
 
PharmD RPh said:
If you want to open your college of pharmacy and charge exuberant amounts of tuition, you stand to make a substantial amount of money before the bubble bursts and we end up with government intervention or bailouts.
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Too much initial upfront investment. You'd spend millions before you could even enroll a single student.

blueclassring said:
One possible way to profit off of this is to reduce payroll costs if you own a pharmacy business. New grads are having difficulty finding employment, so they may be encouraged to take what the market will give them . If one has $200,000 in student loans to pay off, they will be glad to take an hourly rate of $25/hr. It's better than not having a job, right? Hey it's totally conceivable.
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👎 to this idea, but you might be right. Hope that's not the way things are headed, though.
 
PharmD RPh said:
If you want to open your college of pharmacy and charge exuberant amounts of tuition, you stand to make a substantial amount of money before the bubble bursts and we end up with government intervention or bailouts.
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So, should I pay off my 150k student loans in 5 years or should I pay minimum and wait for some sort of bail out. Or should I get some minimum wage government job and have my loans forgiven after 10 years?
 
museabuse said:
So, should I pay off my 150k student loans in 5 years or should I pay minimum and wait for some sort of bail out. Or should I get some minimum wage government job and have my loans forgiven after 10 years?
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:laugh: definitely wait for the bailout.... I mean everyone else seemed to have gotten one, why can't people with college debt? :laugh:
 
museabuse said:
So, should I pay off my 150k student loans in 5 years or should I pay minimum and wait for some sort of bail out. Or should I get some minimum wage government job and have my loans forgiven after 10 years?
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It depends on what kind of standard of living you'd be happy with.
Ten years of monthly debt would cause me too much anxiety. I may have to see a therapist if my figures don't start dropping considerably soon. *seriously*
 
PharmD RPh said:
:laugh: definitely wait for the bailout.... I mean everyone else seemed to have gotten one, why can't people with college debt? :laugh:
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Individuals will not get bail outs! I think they'll increase the limits on the student loan interest tax deduction before they do anything else.
 
I don't foresee any type of bailout in the future for anyone with student debt. The point is to keep you in debt shackles, slaving away 40 hours a week. If they don't get their money, the total owed continues to increase regardless of circumstances. At the very least, you'd think that they would suspend interest to help all of us out but that's part of the scam. A slave, dependent on a job, will never get out of line.
 
PharmDstudent said:
Individuals will not get bail outs! I think they'll increase the limits on the student loan interest tax deduction before they do anything else.
Click to expand...

blueclassring said:
I don't foresee any type of bailout in the future for anyone with student debt. The point is to keep you in debt shackles, slaving away 40 hours a week. If they don't get their money, the total owed continues to increase regardless of circumstances. At the very least, you'd think that they would suspend interest to help all of us out but that's part of the scam. A slave, dependent on a job, will never get out of line.
Click to expand...

I agree. There won't be any student loan debt bailouts anytime soon.
 
I think the bailout comment from the OP was made with a sense of sarcasm, not meant to be taken seriously. However, with the change in the economy and job market, and knowing that student loans stay with you forever, one might have to re-think about which debts to pay off first. Even though student loans are generally low interest, I think I could sleep better at night knowing that if things went south, I would have the debt that can't be written off in bankruptcy court paid off.
 
PharmD RPh said:
I think the bailout comment from the OP was made with a sense of sarcasm, not meant to be taken seriously. However, with the change in the economy and job market, and knowing that student loans stay with you forever, one might have to re-think about which debts to pay off first. Even though student loans are generally low interest, I think I could sleep better at night knowing that if things went south, I would have the debt that can't be written off in bankruptcy court paid off.
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Right. At least when you sell a house, you get money from the sale.
It's not like that with student loan debt. You can't sell your degree, or brain for that matter, to pay off student loan debt.
 
There will be a bailout, if the same type of people who are in charge now are still there at that point.

The bailout would go to the lendor, to make up for lendee lack of payment. You know the little guy won't get a bailout, come on now 😀
 
Rebel78 said:
There will be a bailout, if the same type of people who are in charge now are still there at that point.

The bailout would go to the lendor, to make up for lendee lack of payment. You know the little guy won't get a bailout, come on now 😀
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Exactly! It's not like this last bailout went to irresponsible homeowners who couldn't make their mortgages, it went to the irresponsible banks who made the loans. It would be exactly the same thing with us - we will never, ever get a bailout, maybe the banks will though.
 
PharmDstudent said:
Individuals will not get bail outs! I think they'll increase the limits on the student loan interest tax deduction before they do anything else.
Click to expand...

first of all....pls try and make posts that are informative not cocca!!!

as stated earlier...people will not get bailouts just like the people who defaulted on their mortgages....THE MONEY will go to THE INSTITUTIONS which are the lenders...which leads me to my next question/concern...if this does happen....it affects essentially people who have jobs and can make loan payments and people who don't have jobs and can't make loan payments...duh!!!

i would assume the bailouts go to the student loans that can't be paid back BUT how is this fair for people who CAN payback student loans??? short answer i guess is it isnt!😡 so my question is...how do i get out of paying my student loans if a bailout does occur???:meanie: just stop paying them? this would probably effect my credit like a bankruptcy...right? oh how the whole system is f3cked up!!!!

also....we as pharmacists make too much money to be eligible for the student loan interest deduction....WHICH IS FCKING STUPID!!!! so that's not even an option...
 
A put on slm is a decent idea but time decay sucks. I'd rather buy for-profit schools or trade interest rate products.

As far as a student loan bailout, highly unlikely uncle Sam will bail out or write off, considering a BK wont even get rid of student loans, public or private. This should probably be taught in high school...
 
Step 1: Start up your own student loans business.
Step 2: ???
Step 3: Profit from all the incoming government bailout checks.
 
johnconner said:
Step 1: Start up your own student loans business.
Step 2: ???
Step 3: Profit from all the incoming government bailout checks.
Click to expand...

IIRC, the newest legislation made direct loans mandatory, so basically all student loans are now essentially directly through the school, underwritten by SLM.
 
CuriousPharmD said:
first of all....pls try and make posts that are informative not cocca!!!

as stated earlier...people will not get bailouts just like the people who defaulted on their mortgages....THE MONEY will go to THE INSTITUTIONS which are the lenders...which leads me to my next question/concern...if this does happen....it affects essentially people who have jobs and can make loan payments and people who don't have jobs and can't make loan payments...duh!!!

i would assume the bailouts go to the student loans that can't be paid back BUT how is this fair for people who CAN payback student loans??? short answer i guess is it isnt!😡 so my question is...how do i get out of paying my student loans if a bailout does occur???:meanie: just stop paying them? this would probably effect my credit like a bankruptcy...right? oh how the whole system is f3cked up!!!!

also....we as pharmacists make too much money to be eligible for the student loan interest deduction....WHICH IS FCKING STUPID!!!! so that's not even an option...
Click to expand...
Excuse me??? Did you read Museabuse's post? I think you're "cocca" or whatever that means 🙄
Who said anything about pharmacists being eligible? 🙄 This thread is about the "student loan bubble".
 
PharmDstudent said:
Excuse me??? Did you read Museabuse's post? I think you're "cocca" or whatever that means 🙄
Who said anything about pharmacists being eligible? 🙄 This thread is about the "student loan bubble".
Click to expand...

Yeah we all need to try and make posts that are informative not cocca!!! I mean Duh are we like all stupid or something I mean you guys are all just cocca ya know? I mean this is all FCKING STUPID!!!! Cocca heads!!!!
 
PharmDstudent said:
Excuse me??? Did you read Museabuse's post? I think you're "cocca" or whatever that means 🙄
Who said anything about pharmacists being eligible? 🙄 This thread is about the "student loan bubble".
Click to expand...

this is f3kcing posted in the pharmacy thread *******!!
 
See post #9. It was MY post and the first time that someone brought up the fact that individuals will not get bail outs in this thread.
People will get tax incentives, if they get much of anything at all. IBR is unique, but you have to forfeit income to benefit.

I think you're confused about what transpired in THIS thread.
 
PharmDstudent said:
See post #9. It was MY post and the first time that someone brought up the fact that individuals will not get bail outs in this thread.
People will get tax incentives, if they get much of anything at all. IBR is unique, but you have to forfeit income to benefit.

I think you're confused about what transpired in THIS thread.
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Sheese you aren't kidding! There seems to be quite a few confused people in this thread. Nothing new about that.

And yes, we know the poster meant to say "caca" but instead said cocca. Thats why we were making fun of them. Plus the post made no sense at all in the context of this thread.
 
MountainPharmD said:
Sheese you aren't kidding! There seems to be quite a few confused people in this thread. Nothing new about that.

And yes, we know the poster meant to say "caca" but instead said cocca. Thats why we were making fun of them. Plus the post made no sense at all in the context of this thread.
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Right.
For you help in making sense out of nonsense, MountainPharmD, I now pronounce you King Caca Head! 😀
 
rxlea said:
It is spelled "caca" you caca heads :laugh:
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AC-Milans-Kaka-shows-his--001.jpg
 
PharmDstudent said:
Right.
For you help in making sense out of nonsense, MountainPharmD, I now pronounce you King Caca Head! 😀
Click to expand...

Believe it or not you are not the first person to call me that!!! From now on I will be Debbie "King Caca Head" Downer. I like it.....nope wait a minute

It must be spelled like the original poster. I will now be Debbie "King Cocca Head" Downer.
 
MountainPharmD said:
Believe it or not you are not the first person to call me that!!! From now on I will be Debbie "King Caca Head" Downer. I like it.....nope wait a minute

It must be spelled like the original poster. I will now be Debbie "King Cocca Head" Downer.
Click to expand...
Hahahaha! That's perfect. You'll have to update your account now. 😉
 
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