I just found your site: A big set of Congrats for getting your degree. “Success to you, man!”

The danger of a loan is inversely proportional to how much research time you invest before you accept the money. Personally, I am out of the loan business: I buy with cash so I can give money away with no strings attached!

Check you my blog and see if the info is food for your thought …http://harryotto.blogspot.com/

Regards,
Harry

It could be that Ms. Cole made her choices based on bad or inaccurate information. These USA Today articles are notorious for not telling the person’s story, but rather the story the writer is looking to tell (which we should all expect).

Lord knows if I went through my entire story I would have one cohort of people looking to represent me in a variety of legal cases against my old high school, another cohort wanting me to be the destitute victim (not in my lifetime!), and another cohort telling me to shut up, among others.

The credit crunch is interesting to me as a lender and a guy who studies this stuff (read: nerd). I have some posts that I’m working on about the whole thing.

I don’t include myself enough in Monmouth’s working environment to be able to intelligently comment on their relationship to the faculty-at-large. All I can say is that the pay for an adjunct is a disgrace. Given the amount of time that I put into preparing that class, I was making more, per hour, as a price checker at PathMark when I was 19.

Thanks for the congrats! I am of NW European extraction which is why I say I am whiter. Also if you saw my two daughters you would see what I mean, blonde and blue eyed. I was just being silly but my point was nothing was being handed to me either. My family was mostly normal, but there were 6 kids, 4 of which have degrees 2 have advanced degrees. So no money from the rents.

The problem as I see it is people just want stuff now with everything; houses, cars, educations, clothes, vacations and big screen TVs. Ms Cole does not want to do law but that is what she went to school for and the reason it is so expensive. She is miserable because she makes bad choices.

Meanwhile, colleges of all types have jacked up tuitions and that is what makes them increasingly more difficult to finance as the article states. All of this while they are making it nearly impossible to get tenure tracked. (How is Monmouth’s relationships to its faculty BTW?)

As for projections, I want to say it is how creative you can be with financing that everyone who projects are really saying.

As for the big story, it is debt of all types that is the story to be told. Housing being the grandaddy of them all. Just wait till next year when the foreclosures pile up.

Have you checked out the cars I suggested?

And thank you for projecting your situation onto someone else’s situation. This is the biggest problem in the student loan discussion today. The world is filled with people that say, “I did this, so why couldn’t you?? Or some variation of that. Most of it is not meant maliciously – as your comments are certainly not meant that way. But it does nothing to further the conversation about the real problem – lack of financial education and a true middle-class that is cornered into absorbing massive debts to attain their educational goals.

All of the projection means nothing because in the end you have folks like Ms. Cole who is stuck in a financial rut. This is going to be the biggest financial story out there in the next 2 – 3 years. It has implications all over the country in all markets including housing and general consumer. Even the right-wingers will be forced to look at this issue as marriage rates will go down because of these debts.

Everyone should just watch and see – it’s coming!

BTW I worked fulltime through undergrad and got a free ride in grad school in planning, I was accepted to Bloustein with a stipend and free tuition but did not go. I am way whiter than you too! I was a nontraditional student and kicked but in undergrad. If you paid for grad school, you screwed up.