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comment by user-inactivated
user-inactivated  ·  3004 days ago  ·  link  ·    ·  parent  ·  post: ITT Tech shuts down all its schools; students might get loans forgiven

Yeah fuck ITT. Though I do feel bad for the students.





kleinbl00  ·  3004 days ago  ·  link  ·  

Naah. Now they have less opportunity to waste on not finishing a degree that would have allowed them to barely broach minimum wage in the first place.

I've worked with a number of ITT Tech grads. Each and every one of them was a hard worker who had learned almost nothing and was making not nearly enough money to pay off their mountain of debt. They routinely end up in the position of "interchangeable tech whose name will never be learned by the people who hired them."

user-inactivated  ·  3004 days ago  ·  link  ·  

I know, just sucks to have the rug pulled out from under you depending on your position, naw'mean?

tacocat  ·  3004 days ago  ·  link  ·  

They're probably going to get student loan forgiveness which is harder than dying so they're coming out ahead. I mean, if you had a cosigner your debt will outlive you. If you don't, you basically have to be a vegetable for the government to forgive your loan. Bankruptcy reform sounds pretty boring until you find out what they did under that term.

kleinbl00  ·  3004 days ago  ·  link  ·  

360 payments these days, but yeah. That's a ways out.

tacocat  ·  3003 days ago  ·  link  ·  

Pay the minimum without fail for thirty years is kinda generous when bankruptcy is now a moral failing or some shit. I don't think you're, as in you personally because I know better, are minimizing that option. But yeah, you can make three hundred and sixty on time payments and discharge whatever's left. Thanks government.

kleinbl00  ·  3003 days ago  ·  link  ·  

And the minimum can be income-adjusted, which often ends up being interest-only.

Deltron_0  ·  3004 days ago  ·  link  ·  

Fuck the 'easy-money' camp. This is a sign of what's coming!!

Despite this, the hard workers still retain their value. Even after the bubble has burst, and the easy money printers and dealers have been exposed, the ones on the short end of the stick still hold the more amiable (adaptable) side..