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<title>Topic &#x27;Re: Student loans why don&#x27;t some people pay them back?&#x27; in forum &#x27;Canadian Chat&#x27; - dslreports.com</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27913436</link>
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<language>en</language>
<pubDate>Mon, 20 May 2013 02:01:10 EDT</pubDate>
<lastBuildDate>Mon, 20 May 2013 02:01:10 EDT</lastBuildDate>

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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27921363</link>
<description><![CDATA[dirtyjeffer posted : <div class="bquote"><said>said by <a href="/profile/1487806" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1487806');">BryceS</a>:</said><p>High school in Ontario is a joke.<br> </p></div>i said this a long time ago...they don't fail kids any more (as long as they show up for school) and just keep pushing them through the system...it is why when McGuinty always touted the "high graduate rate", i always said it was a farce...it's only high because they just give them a pass...i remember in elementary school, kids failed some of the lower grades (Grades 1-3).<br><small>--<br>People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.<br><br>- George Orwell</small>]]></description>
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<pubDate>Thu, 17 Jan 2013 13:39:26 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27921071</link>
<description><![CDATA[BryceS posted : Laurier tried to do the accept more people and then larger population will be educated.<br><br>They dropped requirements to get into university in Fall 2010.<br><br>It was nearly a 1:1 ratio of the new 2,000 students let in and 2,000 more students that didn't achieve the grades to make it to second year.<br><br>My friend is doing his PhD at Laurier and teaches a first year english course. The class following the first term paper submission he had to go over verb=action word. It was sad.<br><br>A person wrote a paper on Muhammad and referred to him as Mo, like he fuckin knew the guy.<br><br>High school in Ontario is a joke.]]></description>
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<pubDate>Thu, 17 Jan 2013 12:21:47 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27918131</link>
<description><![CDATA[anon posted : <div class="bquote"><said>said by <a href="/profile/1409678" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1409678');">peterboro</a>:</said><p><div class="bquote"><said>said by <a href="/profile/1498233" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1498233');">A Lurker</a>:</said><p> I went back to school a few years ago (done now) and was amazed at how many students admitted they got an excess of OSAP money. </p></div>They are better off using the grant portion and living more economically and having someone invest the loan portion in a CD and pay off a portion of the debt when they graduate.<br> </p></div>I did half of that while attending CEGEP/university - used the bursary section and don't even take out the loan portion and lived very economically (and worked 1 to  2 jobs on campus).  The first two years I took out the loan and they were paid off within the first year after graduation.<br><br>If I knew more about investing back then, I would have taken the loan (interest free until graduation) and buy some blue chip stock.]]></description>
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<pubDate>Wed, 16 Jan 2013 16:30:21 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27918262</link>
<description><![CDATA[dragonfly posted : The difference between Nordic and Mediterranean countries is a cultural one. And that is not racism, it's reality.]]></description>
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<pubDate>Wed, 16 Jan 2013 16:06:58 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27918135</link>
<description><![CDATA[peterboro posted : Quick edit before your wife sees that and the closet becomes empty.]]></description>
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<pubDate>Wed, 16 Jan 2013 15:26:09 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27918126</link>
<description><![CDATA[Gone posted : <div class="bquote"><said>said by <a href="/profile/1409678" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1409678');">peterboro</a>:</said><p>I'm biting my tongue. It hurts.</p></div>It's okay.  I love you too, peterboro  :p]]></description>
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<pubDate>Wed, 16 Jan 2013 15:23:40 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27918075</link>
<description><![CDATA[dirtyjeffer posted : i should have worded my statement differently...i said "doesn't want to pay taxes"...i should have said "doesn't pay taxes".]]></description>
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<pubDate>Wed, 16 Jan 2013 15:12:15 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27918069</link>
<description><![CDATA[peterboro posted : <div class="bquote"><said>said by <a href="/profile/1780183" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1780183');">Gone</a>:</said><p>  I think I did okay. </p></div>I'm biting my tongue. It hurts.]]></description>
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<pubDate>Wed, 16 Jan 2013 15:11:40 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27918067</link>
<description><![CDATA[El Quintron posted : <div class="bquote"><said>said by <a href="/profile/1388405" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1388405');">elwoodblues</a>:</said><p><div class="bquote"><said>said by <a href="/profile/589128" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=589128');">dirtyjeffer</a>:</said><p> and a population who doesn't want to pay any taxes.<br> </p></div>Sounds like many people here.<br> </p></div>It's an issue with value for your money I'd say, I've been to Europe a couple of times and I'd argue they get value for their money, at least on some level. The predominant belief in Canada is that we're not getting much for our tax dollar. (which is of course another discussion altogether ;)  )<br><small>--<br>Support Bacteria -- It's the Only Culture Some People Have</small>]]></description>
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<pubDate>Wed, 16 Jan 2013 15:11:21 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27918015</link>
<description><![CDATA[Gone posted : Considering that I was severely ill as a teenager and adult in my early 20s and in and out of the hospital and never had the opportunity to go to university like many others did, I think I did okay.]]></description>
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<pubDate>Wed, 16 Jan 2013 14:57:17 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27917949</link>
<description><![CDATA[elwoodblues posted : <div class="bquote"><said>said by <a href="/profile/589128" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=589128');">dirtyjeffer</a>:</said><p> and a population who doesn't want to pay any taxes.<br> </p></div>Sounds like many people here.]]></description>
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<pubDate>Wed, 16 Jan 2013 14:41:04 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27917841</link>
<description><![CDATA[peterboro posted : <div class="bquote"><said>said by <a href="/profile/1780183" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1780183');">Gone</a>:</said><p>(hahaha, I just wanted to say that)<br> </p></div>Do you feel better now or are you jealous you didn't attend any university?  :p]]></description>
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<pubDate>Wed, 16 Jan 2013 14:13:52 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27917822</link>
<description><![CDATA[Gone posted : Meh, maybe those who could just barely walk and talk to go to Brock fell off at Thanksgiving, but those who walked a little faster and went to McMaster dropped off at Christmas.<br><br>(hahaha, I just wanted to say that)]]></description>
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<pubDate>Wed, 16 Jan 2013 14:08:55 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27917821</link>
<description><![CDATA[peterboro posted : <div class="bquote"><said>said by <a href="/profile/589128" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=589128');">dirtyjeffer</a>:</said><p>i don't doubt you at all...however, as has been mentioned, University used to be about "getting accepted" (meaning, having good grades and working hard)... </p></div>As I graduated as a tech major with grade 12 I had to go back to high school in my early 20's to get grade 13. It was a stifling environment of sexual frustration as the grade 12s were now off limits.]]></description>
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<pubDate>Wed, 16 Jan 2013 14:08:07 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27917804</link>
<description><![CDATA[peterboro posted : <div class="bquote"><said>said by <a href="/profile/1780183" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1780183');">Gone</a>:</said><p><div class="bquote"><said>said by <a href="/profile/1409678" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1409678');">peterboro</a>:</said><p>The free ride were those on their parent's gravy train[deleted]</p></div>My wife called those the Christmas Graduators.  They'd leave for Christmas Break and never return. </p></div>Yours wife was wrong. They were the turkey posse. They would leave at mid term thanksgiving break.]]></description>
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<pubDate>Wed, 16 Jan 2013 14:01:54 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27917779</link>
<description><![CDATA[Gone posted : <div class="bquote"><said>said by <a href="/profile/1409678" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1409678');">peterboro</a>:</said><p>The free ride were those on their parent's gravy train [deleted]</p></div>My wife called those the Christmas Graduators.  They'd leave for Christmas Break and never return.]]></description>
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<pubDate>Wed, 16 Jan 2013 13:56:03 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27917744</link>
<description><![CDATA[dirtyjeffer posted : i don't doubt you at all...however, as has been mentioned, University used to be about "getting accepted" (meaning, having good grades and working hard)...now, it seems as long as you write the cheque, you're in...having worked on campus at my days at Bell, i was amazed at the degrading education level of "university kids", who at my time were among the smartest in the class...times have changed.]]></description>
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<pubDate>Wed, 16 Jan 2013 13:46:06 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27917739</link>
<description><![CDATA[peterboro posted : <div class="bquote"><said>said by <a href="/profile/589128" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=589128');">dirtyjeffer</a>:</said><p> i don't think you could "pick and choose" which courses are paid for, but i do agree there would still be requirements needed...for example, you would still need solid grades to go to University, to weed out the filler... </p></div>I witnessed two succinct groups in university when I went. Those who paid their way and were serious about learning ,or a career at least, and those who were on a free ride. The free ride were those on their parent's gravy train [deleted]]]></description>
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<pubDate>Wed, 16 Jan 2013 13:43:58 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27917561</link>
<description><![CDATA[dirtyjeffer posted : <div class="bquote"><said>said by <a href="/profile/889530" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=889530');">zod5000</a>:</said><p>If particular sectors in Canada need people I can understand subsidizing certain programs to attract students and create workers.  I'm pretty much against free post secondary though.  Europe is a really bad example.  How much debt did those countries rack up with all their extra social programs? :)<br> </p></div>i don't think you could "pick and choose" which courses are paid for, but i do agree there would still be requirements needed...for example, you would still need solid grades to go to University, to weed out the filler...if a student has good grades, and decides they want some Liberal Arts program, that's fine, but don't come crying when you spent all that time and still work at Tim Hortons...ideally, people with real drive an ambition will likely apply themselves to be able to continue their education beyond post secondary school, and the reward for their hard work is continued education...if you skip class, and don't give a shit, then no post secondary schooling for you...go work at the gas station.<br><br>[Deleted]<br><small>--<br>People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.<br><br>- George Orwell</small>]]></description>
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<pubDate>Wed, 16 Jan 2013 13:10:41 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27916558</link>
<description><![CDATA[Bob Anderson posted : When I graduated in '75 after 7 years of university I owed $10K in student loans. It took me 10 years to pay off and I never missed a payment. When I made my last payment by mail I asked them (Bank of NS) if they would send me copies of all the schedules I had filled out. A schedule was a document with address and proof of enrollment, etc. and had to be submitted every six months. I never thought they would respond but they did. I looked through all the schedules and then took them out to the backyard burn barrel, set them on fire and cracked a beer. I was very happy!<br><br>-Bob]]></description>
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<pubDate>Wed, 16 Jan 2013 07:20:15 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27916366</link>
<description><![CDATA[zod5000 posted : I paid off my loans pretty quick.  I owed $27k when I graduated in 2004.  I couldn't find work where I lived and toughed it out for 1.5 years.   I was paying the bills with a near min. wage job.  This was low enough to quality for interest relief (IE they suspend your payments and your interest).<br><br>By July 2006 I have gave up and moved.  I started out around $40k/year.  Interest relief ran out in December '06.  I dumped a final lump sum on the Student Loan in August of 2009 (my salary had probably increased from the original $40k to $60kish by then).  I kept dumping money on it, and bonuses..... I hammered it down.<br><br>That period of time before I moved completely freaked me out.  It was a lot of money to me and I had no idea how to pay it back.  It's easier once you have a job, and its pretty sweet when you get the completed payment letters (I left them on the fridge for a few years).<br><br>As for free University.  I disagree with it.  It seems to me that more and more people are going to University.  It's becoming the new grade 12.  No one really gives a crap if you did grade 12.   If everyone has University degree how does one separate themselves from everyone else?  Then all of a sudden everyone needs to do a masters so they have a leg up.  Not to mention a lot of people graduate with degrees that aren't too useful.<br><br>If particular sectors in Canada need people I can understand subsidizing certain programs to attract students and create workers.  I'm pretty much against free post secondary though.  Europe is a really bad example.  How much debt did those countries rack up with all their extra social programs? :)]]></description>
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<pubDate>Wed, 16 Jan 2013 01:45:43 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27916007</link>
<description><![CDATA[Spike posted : Perhaps they should take a huge chunk of your Payroll taxes to pay down your student loans in a matter of years instead of decades.... nvm that would make too much sense.<br><br>If education was affordable more people would have it.]]></description>
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<pubDate>Tue, 15 Jan 2013 22:52:41 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27915882</link>
<description><![CDATA[elwoodblues posted : <div class="bquote"><said>said by <a href="/profile/1409678" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1409678');">peterboro</a>:</said><p><div class="bquote"><said>said by <a href="/profile/1388405" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1388405');">elwoodblues</a>:</said><p> There are plenty of folks who are more suited to working with their hands (so to speak0 then being educated on how to be a paralegal. </p></div> I get the impression that was aimed at me.<br> </p></div>LOL Paranoid?<br><small>--<br><b>No, I didn't. Honest... I ran out of gas. I... I had a flat tire. I didn't have enough money for cab fare. My tux didn't come back from the cleaners. An old friend came in from out of town. Someone stole my car. There was an earthquake....... </b></small>]]></description>
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<pubDate>Tue, 15 Jan 2013 22:16:06 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27915872</link>
<description><![CDATA[peterboro posted : <div class="bquote"><said>said by <a href="/profile/1487806" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1487806');">BryceS</a>:</said><p> Yes. However, I probably won't have has as good job prospects if I wasn't out with friends and meeting new people. </p></div>I would have to agree with that assessment. It's all who you know. ]]></description>
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<pubDate>Tue, 15 Jan 2013 22:12:36 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27915698</link>
<description><![CDATA[BryceS posted : <div class="bquote"><said>said by <a href="/profile/1409678" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1409678');">peterboro</a>:</said><p><div class="bquote"><said>said by <a href="/profile/1487806" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1487806');">BryceS</a>:</said><p> Most of my friends and I will have OSAP gone within 1-2 years of graduating. </p></div>Could you have done it one year or less if you didn't buy 623 cases of beer while  in school?<br> </p></div>Yes. However, I probably won't have has as good job prospects if I wasn't out with friends and meeting new people.<br><br>Most people are placing within companies due to their network of acquaintances. My reference checks asked questions to my professors and past supervisors were regarding my grades (As), work experience, and social life/extrovert etc.<br><br>I know many smart number crunchers/A+ students who haven't received an offer yet because the recruiter views them as weird. Every bank event I've been to for hiring has had a lot of alcohol at it for a public setting. 2-3 pints for everyone]]></description>
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<pubDate>Tue, 15 Jan 2013 21:20:16 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27915607</link>
<description><![CDATA[peterboro posted : <div class="bquote"><said>said by <a href="/profile/1487806" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1487806');">BryceS</a>:</said><p> Most of my friends and I will have OSAP gone within 1-2 years of graduating. </p></div>Could you have done it one year or less if you didn't buy 623 cases of beer while  in school?]]></description>
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<pubDate>Tue, 15 Jan 2013 20:55:49 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27915582</link>
<description><![CDATA[BryceS posted : University is getting watered down across the board in Ontario, at least in finance. The principles (intro) classes in Fall 2012 teach about 50% of the content taught in Fall 2009.<br><br>They aren't failing out enough students and are concentrated on becoming big schools rather than good schools.<br><br>Far too many mouth breathers around in third and fourth year.<br><br>-------------------------------------------------------------<br><br>I pay my own way and will be graduating with $20,000 in OSAP over four years. <br><br>School/books/rent/food/entertainment/clothes/transportation = $20,000 * 4 = $80,000<br><br>I saved up by working at Bell in grade 10, 11, and 12, as well as at banks part-time during the year and summer full-time positions to make up the other $60,000.<br><br>At one point my debt load was at $30,000 but I've been paying that down over the last year from my part-time job.<br><br>Most of my friends and I will have OSAP gone within 1-2 years of graduating.]]></description>
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<pubDate>Tue, 15 Jan 2013 20:47:30 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27915399</link>
<description><![CDATA[peterboro posted : I made the OSAP payments for a relative for close to 7 years. As he was unemployed or worked construction cash jobs and he shot me the money and I sent $20.00 a month because he was too disorganized to do so. If I didn't he would have had substantial penalties and defaulted. Every couple years the loan amount would be lowered by a few thousand for some sort of forgiveness clause triggered by time as he never applied for it. They would send a letter every couple years and ask how do you survive? He would reply about couch surfing and charity and such as he never appeared on the CRA or any government radar. He ended up paying about 25% of the initial amount eventually with no interest.  ]]></description>
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<pubDate>Tue, 15 Jan 2013 19:53:02 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27915374</link>
<description><![CDATA[Gone posted : <div class="bquote"><said>said by <a href="/profile/1498233" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1498233');">A Lurker</a>:</said><p>Keep that attitude and hopefully that will serve you well.  I've done my best to avoid debt.  I don't count a small equity loan against a paid off home.  I pay my cc each month, pay down the equity loan, and try to keep myself in the best financial situation that I can.</p></div>There's a difference between making debt work for you and the far more common situation where you work for your debt.  Unfortunately, many people don't know the difference and end up fearing debt for no reason other than it is debt.  That in of itself is rather foolish.]]></description>
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<pubDate>Tue, 15 Jan 2013 19:47:29 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27915367</link>
<description><![CDATA[peterboro posted : <div class="bquote"><said>said by <a href="/profile/1388405" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1388405');">elwoodblues</a>:</said><p> There are plenty of folks who are more suited to working with their hands (so to speak0 then being educated on how to be a paralegal. </p></div> I get the impression that was aimed at me.]]></description>
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<pubDate>Tue, 15 Jan 2013 19:45:29 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27915359</link>
<description><![CDATA[peterboro posted : <div class="bquote"><said>said by <a href="/profile/1498233" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1498233');">A Lurker</a>:</said><p> I went back to school a few years ago (done now) and was amazed at how many students admitted they got an excess of OSAP money. </p></div>They are better off using the grant portion and living more economically and having someone invest the loan portion in a CD and pay off a portion of the debt when they graduate.]]></description>
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<pubDate>Tue, 15 Jan 2013 19:44:14 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27915340</link>
<description><![CDATA[TOPDAWG posted : I got a CNTN diploma and it's not worth shit as I finished school right when the melt down in the markets happened and issue I face now is while I got the skills everyone just wants to hire people with years of exp under their belt.<br><br>Every time I do get an interview I always get the oh we went with the person with more exp. <br><br>I'm working now to get into a government program that teaches you how you run your own business. ]]></description>
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<pubDate>Tue, 15 Jan 2013 19:40:20 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27915312</link>
<description><![CDATA[A Lurker posted : <div class="bquote"><said>said by <a href="/profile/1195536" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1195536');">TOPDAWG</a>:</said><p>Debt scares the bleep out of me. I've never been in debt well other then my student loan when I owed on it. I'm pretty careful with money and budget pretty good. I got a CC but pay it off in full each month only ever had to pay interest once as I forgot to pay it on time. I also paid for 2 of my college terms myself and skipped getting more loan money. </p></div>Keep that attitude and hopefully that will serve you well.  I've done my best to avoid debt.  I don't count a small equity loan against a paid off home.  I pay my cc each month, pay down the equity loan, and try to keep myself in the best financial situation that I can.]]></description>
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<pubDate>Tue, 15 Jan 2013 19:32:42 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27915303</link>
<description><![CDATA[A Lurker posted : <div class="bquote"><said>said by <a href="/profile/1388405" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1388405');">elwoodblues</a>:</said><p>Education should not cost 37K (in the case of dragonfly). Education , like in many European countries, should be "free" all the way into post secondary.<br> </p></div>The problem with this is I agree with part of it.  Tuition should be free, but what do you do about books, rent, food, etc.?<br><br>I went back to school a few years ago (done now) and was amazed at how many students admitted they got an excess of OSAP money.  This paid for their vacations during break.  They were also the ones that seemed to always be buying lunch and coffee, etc.  I packed lunch, thermos of coffee, and such - however, I was completely paying my own way.  Free money doesn't feel real to some (what percentage I don't know) and they don't really think about paying it back.<br><br>I was in a co-op program where most should have been able to pay their own way after working, but still seemed to be getting OSAP.  My first time through college my parents covered my first 8 months and after that I worked breaks and/or co-op.  It was wonderful as I did it without loans at all.]]></description>
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<pubDate>Tue, 15 Jan 2013 19:29:31 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27914275</link>
<description><![CDATA[dragonfly posted : About the most damning thing you'll find are CEGEP dropouts who took 2 years of student loans just to move out of their parents' houses. I saw that a lot.<br><br>But I think if you look at individual cases, you'll find very few fit the stereotypical bill of "the unemployed Ph.D. in Basket-Weaving". If someone has an advanced degree and is unemployed, it's almost always because a family situation prevents them from doing the post-doc rounds. For instance, it's hard to make it on $25k/yr when you have a child.<br><br>Life finds a way to get in the way, unless you live like a monk.]]></description>
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<pubDate>Tue, 15 Jan 2013 14:54:42 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27914184</link>
<description><![CDATA[pnjunction posted : <div class="bquote"><said>said by <a href="/profile/589128" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=589128');">dirtyjeffer</a>:</said><p><div class="bquote"><said>said by <a href="/profile/1388405" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1388405');">elwoodblues</a>:</said><p>So because education is "free" does that we're going to have a glut of architects and their skills then are worthless? I would argue because education is not free, we may have a shortage of architects, because people who have the aptitude to become one, can't afford to go to school.<br> </p></div>i agree...there are likely scenarios where there could be some people that would just seem to "fit" into programs they are really interested in, but can't do because of cost.<br> </p></div>I think it's very possible to have a glut of certain degrees if they are free.  Heck even with the burden of huge loans many people get degrees with low career value in the US, then slave away the stereotypical starbucks job to pay them back over a lifetime.<br><br>I do support most education being free, but there needs to be limits and requirements that aren't there in the system right now.  With some constraints, a fully paid system could actually be more efficient at providing economic value.  Right now we fork over 50-70% of the money required but have basically no input into how it is used.   Students and universities want to crank out tons of liberal arts degrees because they are easier?  Go nuts.  Medecine and engineering are hard?  No worries.<br><br>The free systems in Europe don't operate so loosely AFAIK.  Not only could you not keep your free ride in art history with a D average, but you may not even get into that if the demand on the student side is much higher than the demand on the career side.  To me both of these make sense (requiring more performance and more value than we do now from the money taxpayers put in).  If we're going to go 'free' the money has to come with more strings to make sure it is well spent, because paying for slackers to extend their carefree childhood into their 20s with easy free degrees is not a good use of money.]]></description>
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<pubDate>Tue, 15 Jan 2013 14:35:36 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27914180</link>
<description><![CDATA[Gone posted : <div class="bquote"><said>said by <a href="/profile/1095016" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1095016');">urbanriot</a>:</said><p>More than a decade ago I was grossing a fuckton less than $55k a year and managed to pay off around $30k in 5 years so I don't see that as an issue for anyone. It does take a lot of working hours though... work hard now, play more later. </p></div>The money is practically free though and the payment terms are the most flexible you'll ever encounter, so I can completely understand people taking as long as they want to pay it off.  My wife certainly does, and the extra cashflow each month lets us pay for, you know, baby food and diapers.<br><br>You can't just walk away from it, though.  One way or another the loan is getting paid off, even if you go bankrupt.]]></description>
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<pubDate>Tue, 15 Jan 2013 14:34:32 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27914027</link>
<description><![CDATA[TOPDAWG posted : yeah during school I had no life hell don't have much of one now. I never smoked can't even tell you what alcohol taste like as I've never had any and it's rare for me to go out. I'm a boring Mofo. <br><br>I still have a lot of crap I don't need but yet never been in debt.]]></description>
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<pubDate>Tue, 15 Jan 2013 13:59:02 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27914014</link>
<description><![CDATA[urbanriot posted : <div class="bquote"><said>said by <a href="/profile/500454" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=500454');">Raptor</a>:</said><p>If you're grossing $55k a year, you should be able to pay down that $37k in less than 5 years, and that's still not being all that aggressive.<br> </p></div>More than a decade ago I was grossing a fuckton less than $55k a year and managed to pay off around $30k in 5 years so I don't see that as an issue for anyone. It does take a lot of working hours though... work hard now, play more later. ]]></description>
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<pubDate>Tue, 15 Jan 2013 13:55:08 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27913745</link>
<description><![CDATA[anon posted : <div class="bquote"><said>said by <a href="/profile/1388405" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1388405');">elwoodblues</a>:</said><p><div class="bquote"><said>said by <a href="/profile/1195536" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1195536');">TOPDAWG</a>:</said><p>well that is fine as you're paying them but you got some that simply stop paying them all together. I don't get it I see as it I was given the money so I got to give it back I mean it's not mine.<br> </p></div>Education should not cost 37K (in the case of dragonfly). Education , like in many European countries, should be "free" all the way into post secondary.<br><br>The cost of providing such an education is peanuts considering what a well educated person can bring to the workforce in their lifetime.<br><br>Now at the same time I would mandate you maintain a certain GPA level and not take courses that results in a basket weaving doctorate.<br> </p></div>Very often I hear a number quoted for a student loan, but I have not seen any breakdown on how much was that was from tuition and how much was that was for room and board, and other expenses.  So, comparing 37K with "free" is meaningless as I imagine a portion of that 37K is living expenses that European students have to pay as well, possibly higher even.<br><br>What I know is that I often see many students with their Macbook Pro sipping coffee at starbucks/second cup.  How many of these are using their student loan I don't know, but I would say there must be some.  They could have reduced their debt load if they decide they can use a cheaper Macbook (rather than pro, or god forbids a Dell), or drink less expensive beverages.  I won't even go into those with big phone bills etc.]]></description>
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<pubDate>Tue, 15 Jan 2013 13:54:13 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27913859</link>
<description><![CDATA[TOPDAWG posted : well dragonfly is not a good exp of what I'm talking about I really mean the people who just stop paying altogether. Exp most times the government will leave you alone even if you pay 50 a month but you have some people who just stop paying altogether.<br><br>Like I said debt scares me to death as my parents were paying for shit they had 10 years ago when I was growing up. <br><br>PS. Good for you dragon improving your life. ]]></description>
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<pubDate>Tue, 15 Jan 2013 13:17:50 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27913835</link>
<description><![CDATA[Raptor posted : <div class="bquote"><said>said by <a href="/profile/1842274" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1842274');">dragonfly</a>:</said><p>- Landed an internship at a software engineering firm, hired on full time as a C#/ASP.Net developer, I now gross around $55k with two years experience.<br><br>Student loan of $37k mostly due to being ineligible for bursaries my final year. It'd be $28k otherwise.<br><br>I can afford to pay it back, but $300/mo for 15 years is quite a lot for anyone.  </p></div>If you're grossing $55k a year, you should be able to pay down that $37k in less than 5 years, and that's still not being all that aggressive. I don't know what your interest rate is, but unless you can perform better on your investment returns, that ought to be your focus.<br><br> dirtyjeffer <A HREF="/useremail/u/589128"><IMG SRC="http://i.dslr.net/bb/profile.gif" ALT="See Profile" BORDER=0 WIDTH=16 HEIGHT=11></A> is right, I imagine your salary wouldn't be in the mid 50's and likely still to rise (as you're still new) if you didn't put down the coin to goto school in the first place.<br><br>As to the OP's original point, some people are just lazy. Others may have a more active money management style and their savings are returning higher growth than the interest on their loans. It's just math in that case.<br><small>--<br>....where's my fiber?</small>]]></description>
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<pubDate>Tue, 15 Jan 2013 13:11:26 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27913736</link>
<description><![CDATA[dirtyjeffer posted :  <BLOCKQUOTE><SMALL>said by <a href="/profile/1842274" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1842274');">dragonfly</a>:</SMALL><HR>I can afford to pay it back, but $300/mo for 15 years is quite a lot for anyone. <HR></BLOCKQUOTE><br>it's peanuts compared to a mortgage.<br><br>as well, had you not made that investment in yourself, instead of a decent job paying $55k/year, perhaps you would be pouring coffee for $25k/year...the ROI on your education is only a few years (factoring in your taxes, etc)...that's a pretty significant improvement.<br><br> <BLOCKQUOTE><SMALL>quote:</SMALL><HR>Anyhow, the point being, I myself would not have qualified for the "free tuition" under the Nordic system due to a low GPA out of high school.<br> <HR></BLOCKQUOTE><br>then you work to improve your marks, or you save up your own money and go (which is what you did, with student loans)...either way, you are better off.<br><br>and good for you for going back to school and bettering yourself. :)<br><small>--<br>People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.<br><br>- George Orwell</small>]]></description>
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<pubDate>Tue, 15 Jan 2013 12:48:20 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27913715</link>
<description><![CDATA[dirtyjeffer posted : <div class="bquote"><said>said by <a href="/profile/1388405" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1388405');">elwoodblues</a>:</said><p>So because education is "free" does that we're going to have a glut of architects and their skills then are worthless? I would argue because education is not free, we may have a shortage of architects, because people who have the aptitude to become one, can't afford to go to school.<br> </p></div>i agree...there are likely scenarios where there could be some people that would just seem to "fit" into programs they are really interested in, but can't do because of cost.<br><small>--<br>People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.<br><br>- George Orwell</small>]]></description>
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<pubDate>Tue, 15 Jan 2013 12:45:23 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27913687</link>
<description><![CDATA[dragonfly posted : The "free education" usually comes at a price -- you need a minimum GPA out of high school in order to qualify.<br><br>Since I already described my debt situation, I'll describe my own unique circumstances:<br><br>- Dropped out of high school at 17 due to emotional breakdown following my dad's death. Failed all my last year's courses but one.<br>- Drifted around for 5-6 years doing odd jobs and generally being a loser<br>- Went back and finished high school at the age of 23<br>- Mother is on a pension and lived in the boonies, I had no savings, student loans it was, and I needed to live away from home<br>- Moved to Montreal for the last year of CEGEP, had a great CRC score, chose Dawson, promptly get caught in the middle of the school shooting<br>- Switched to Concordia as a mature student in Biology, to get out of that toxic environment at Dawson<br>- Four years of university, I changed programs 3 times and took a year longer to graduate than I should have otherwise.<br>- Graduated with a BA in Classics, minor in Computer Science<br>- Landed an internship at a software engineering firm, hired on full time as a C#/ASP.Net developer, I now gross around $55k with two years experience.<br><br>Student loan of $37k mostly due to being ineligible for bursaries my final year. It'd be $28k otherwise.<br><br>I can afford to pay it back, but $300/mo for 15 years is quite a lot for anyone. <br><br>Anyhow, the point being, I myself would not have qualified for the "free tuition" under the Nordic system due to a low GPA out of high school.]]></description>
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<pubDate>Tue, 15 Jan 2013 12:41:18 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27913663</link>
<description><![CDATA[elwoodblues posted : Wow, did you really say that?<br><br>It's about who you are, not how you are educated. I frequently joke I'm not my father's son. He was a handy bastard, it's not in me.  I understand it all, I know how to do it all, but it just doesn't translate to my hands.<br><br>So saying that if everyone goes to school and the skill becomes worthless is an asinine statement. For example,  I don't have the aptitude to become an architect, and I'm sure the same goes for many here.<br><br>So because education is "free" does that we're going to have a glut of architects and their skills then are worthless? I would argue because education is not free, we may have a shortage of architects, because people who have the aptitude to become one, can't afford to go to school.<br><small>--<br><b>No, I didn't. Honest... I ran out of gas. I... I had a flat tire. I didn't have enough money for cab fare. My tux didn't come back from the cleaners. An old friend came in from out of town. Someone stole my car. There was an earthquake....... </b></small>]]></description>
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<pubDate>Tue, 15 Jan 2013 12:35:40 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27913621</link>
<description><![CDATA[dirtyjeffer posted : <div class="bquote"><said>said by <a href="/profile/1195536" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1195536');">TOPDAWG</a>:</said><p>well it's simple if a skill becomes common cause people get free school then that skill is no longer as rare and is not worth as much.<br> </p></div>i disagree...free (or close to it) post secondary education is quite common in many European countries and they seem to do quite well with that type of system (the Northern European nations anyway, as they have work ethics, not like the lazy South).<br><small>--<br>People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.<br><br>- George Orwell</small>]]></description>
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<pubDate>Tue, 15 Jan 2013 12:26:13 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27913609</link>
<description><![CDATA[TOPDAWG posted : well it's simple if a skill becomes common cause people get free school then that skill is no longer as rare and is not worth as much.<br><br>Now I do agree with the idea you're saying as I think in the states they could use your idea. The government will be more then happy to give people welfare money but won't give them money to go to school. To me that makes no damn sense. It's like people will reward those who do dumb shit but not those who want to fix their lives and become successful. Now you can go to trade college and the government will pay for it but it's not pushed as much as it should be.<br><br>Same goes for when people say if they raised min wage it would help people. it won't as company's then will make their products cost more. Now by the time all company's do that people may even be worse off then they were before.<br><br>PS. I am a high school drop out I just got my GED as it was faster and the school I went too was shit.]]></description>
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<pubDate>Tue, 15 Jan 2013 12:22:12 EDT</pubDate>
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<title>Re: Student loans why don&#x27;t some people pay them back?</title>
<link>http://www.dslreports.com/forum/Re-Student-loans-why-dont-some-people-pay-them-back-27913565</link>
<description><![CDATA[elwoodblues posted : <div class="bquote"><said>said by <a href="/profile/1195536" onClick="this.blur(); return popup(event,'/uidpop?ajh=1&uid=1195536');">TOPDAWG</a>:</said><p>well if you do that then the education is not worth anything. The idea of education being a right is fine and all but you got to tie a money value to it.chosen career as you had to take 4 gen eds to finish your diploma.<br> </p></div>How does educating the masses for free make it worthless?<br>By your analogy, grade school and High school are a waste of time since it's "free".<br><br><div class="bquote"><p> I mean somebody has got to pay for the school and the over paid staff that fulls them as the government already helps with that stuff it would led to insane raises in taxes. </p></div>To bring out my well worn tag line.. you tax cuts at work.<br><br>I would argue that a well educated person would return infinitely more money then the money spent on educating them for free.<br><br><div class="bquote"><p>Exp if I you got to school yeah you should make more then the guy who dropped out of high school. School is pretty cheap in Canada anyway. I also find some people go to University and pay far more then they would had they just went to college and the college still would have got them the job they wanted.<br></p></div>Look I'm not saying that the high school drop out(and how would they get into post secondary if they dropped out in the first place  :uhh:). There are plenty of folks who are more suited to working with their hands (so to speak0 then being educated on how to be a paralegal.<br><br> <br><small>--<br><b>No, I didn't. Honest... I ran out of gas. I... I had a flat tire. I didn't have enough money for cab fare. My tux didn't come back from the cleaners. An old friend came in from out of town. Someone stole my car. There was an earthquake....... </b></small>]]></description>
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<pubDate>Tue, 15 Jan 2013 12:11:03 EDT</pubDate>
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