Debt rising for the MONKEYS
The link above comes from a strory on USATODAY about college tuition and fees that are rising for the little toad monkeys that are WILLINGLY accepting these outrageous loans. I will be providing commentary on this article, my commentary will be in brackets so here we go:
When James Perucho opens his Rutgers University tuition bill in the fall, $200 of it will go toward the construction of academic buildings that he may never use but will add to the educational debt he will pay for years to come. [LMAO, you stupid monkey! Most of the money you spend on college doesn't even go towards your education.]
The $200 is small change compared with the $12,726 in tuition and fees the typical in-state undergraduate paid last year. But it shows how colleges and universities in recent years have hiked fees to cover lost government support and multibillion-dollar expansion programs. [Even the gov't knows that college is retarded. And every one of you toad monkeys have a loan out, making the prices on everything go up. Thanks a lot, bitches!]
“It adds up,” Perucho, of Neptune City, said of that and other fees. The incoming junior, grateful for an ample scholarship, still wishes there was a way to have the fee waived for high academic performance. [Damn right it adds up you parasite. It's going to keep going up on your dumb ass and I, for one, would be sitting courtside to watch the mayhem. Ain't life grand?]
Higher education costs have outstripped inflation for the last 30 years, experts say, mostly because of dwindling government aid, more expensive housing and academic buildings to attract students, and more administrators.
The costs are being passed on to students and their families, who find themselves falling deeper into debt as the tuition bill climbs. The nationwide tuition debt is now closing in on $1 trillion. [It's going to keep rising thanks to folks who think they are entitled to a free meal. It doesn't work that way. No shortcuts in life. HARD WORK is key! I can't wait for these monkeys to be exterminated off this great planet of ours.]
Kathleen Bijas knows how debt repayment goes.
Saddled with $160,000[LMAO!] in student loans, the emergency room nurse from Ocean Township uses about half of her take-home pay to whittle down her debt, she said. At 27, she lives at home with her parents while the $1,608-a-month payments[IDIOT!] take their toll despite a stable job and comfortable salary.
“I won’t be able to buy a home. I can’t buy a car[You mean BORROW a home, and BORROW a car],” said Bijas, who now makes about $60,000 a year. “The idea of getting married and getting kids is frightening. If I can’t afford to move out of my parents’ house[OMGWTFLMAO WHAT A BUM!], how can I afford to raise someone? It’s all going right out the window.” [That's what you get for going againt nature, you inconsolable prick!]
Some experts say ballooning college debt and increases in tuition can’t be sustained.
“The real problem is that education costs too much,” said Glenn Harlan Reynolds, law professor at the University of Tennesseem and author of “The Higher Education Bubble.”
“You shouldn’t have to borrow six figures to get a college education[You do if everybody is taking out loans to pay for college, thus, inflating the price of tuition. C'mon idiots, simple economics],” he said. Taxpayers need to pressure lawmakers to keep public school tuition low, he said. [Ain't going to happen unless everybody who has a loan out be KILLED, thus, balancing the accounts, and wiping the slate clean. It's the only way.]
Outpacing inflation
Since 1980, the cost of college and university tuition, not including business or technical schools, has risen by an average of 7.5 percent a year, according to the U.S. Bureau of Labor Statistics. During the same time, inflation was just 3.3 percent a year, on average.
Total average tuition and room and board rates charged for full-time undergraduate students in degree-granting institutions in the 1980-81 school year stood at $7,341 in today’s dollars. By 2009-10, that had ballooned to $17,633, according to the National Center for Education Statistics. [Again, because everybody wanted to eat for FREE! Nobody wanted to work for their meal. I can tell you, if everybody payed for college out of pocket, the prices would never have inflated like that.]
Educators and educational advocates frequently cite the drop in government aid over the years as the cause for the rise in tuition and subsequent increase in student indebtedness.[BS! It was the student's laziness and irresponsibility that got his ass in debt in the 1st place.]
This year, state aid to higher education fell 7.6 percent nationally, according to Mark Kantrowitz of FinAid, a website that provides student financial aid information.
But Reynolds cites another reason for higher tuition: “administrative bloat.” [Blame game!]
“To be fair, some of (those positions) are required by federal law,” he said.
But the more prevalent reason is “bureaucratic empire building,” Reynolds said. [The fuck?]
Between 1998 and 2008, public institution shifted more spending to administrative personnel, as well as student services, such as counseling, according to a 2010 report from the Delta Project, a nonprofit organization that tracks post-secondary education costs. Instruction took a hit, according to the report.
Reynolds said student debt resembles the housing bubble in that “there’s a lot of government money propping up” the increasing cost of a college education.
And the scrutiny of potential borrowers is weak, he said.
“Usually when people lend you money, they care about whether you can pay it back,” Reynolds said. [No shit, you oxygen sucking thundercunt. If you borrow money from ME, I expect you to pay it back to ME with interest, of course. Simple as that.]
When it comes to taking on mammoth debt, prospective college students still in their teens are seldom the best candidates to understand the possible debt that frequently haunts people for decades. [That's because their stupid, borrowing parents didn't teach them basic economics because they themselves don't know anything about simple economics. Duh! Parents' habits become their kids' habits.]
“You should really pore over how much it’s going to cost you. But when you’re 18, you just don’t think of that,” said Bijas, who plans to pay off her loans in 12 to 13 years. [Hahahahahaha, lmao thats becaue you wanted to be like everybody else and go to college instead of thinking about if taking on that MASSIVE debt would be good for your future. Now look at you, broke, and going to continue to struggle for another good decade. You cumsucking nincompoop!]
Struggling
Bijas says the responsibility was hers. [Damn right!]
She attended Fairleigh Dickinson University . She worked as many as 40 hours a week as a waitress, swimming instructor and lifeguard and maintained an 18-credit course load in her last year[Idiot!]. When she graduated in 2006 with a bachelor’s degree in psychology, she got a job as a behavioral counselor at a group home making $12.50 an hour. [Hahaha! I bet she thought she was gonna be making a LOAD of money]
Her monthly payments for her college loans amounted to about $600 .
“I looked at my financial aid (payments) and I looked at my income and said it’s not going to work,” she said. [No shit bitch! Took you that long to figure that out pea-brain.]
She returned to school in 2007[Still haven't learned your lesson yet? I don't get it, you have a lot of debt, but you're not making enough money to pay the debt, so her first choice is to get into MORE debt, thus repeating the same cycle again? DIE ALREADY!], entering an accelerated one-year nursing program at Seton Hall University . It cost her $60,000. [For a year? LMFAO! She deserves everything she's getting right now!] Interest on her outstanding loans accumulated while she attended. [As expected]
Once out, she applied to 300 hospitals and health centers, taking a job with Community Medical Center in Toms River.
The impact of that debt affects her every day. But while in school, she felt she had no choice. [You always have a choice you ding-bat whore! You chose to incure MORE debt. Your fault bitch!]
“When you take out a $35,000 loan at 10.7 percent interest, that’s crazy[And you still CHOSE to take out the loan. You have only YOU to blame you idiot],” Bijas said, referring to one of her private loans. “But you can’t not take it because you have to finish school[No you don't bitch, you shoulda got out while you could but you didn't becuase you have soup for brains].”
Arianna Burlew, 20, of Manalapan, took the route that many financial advisers suggest. She attended Brookdale Community College and plans to finish at the University of Medicine and Dentistry of New Jersey with a bachelor’s degree in health information management.
Still, she took on $10,000[TOAD MONKEY!] in debt at Brookdale and is working full-time to pay for her classes.
“It’s the only way I can pay out of pocket,” she said. [No it's not you bitch, you coulda saved up some money and if you still wanted to go to "college", you would have enough money to pay for it WITHOUT taking on any debt. That's the RESPONSIBLE thing you could've done, whore!]
Worst kind of debt
The most onerous thing about excessive student debt may not be the payments.
“For years I’ve heard that a student loan is good debt,”[HAHAHAHAHAHAHAHALMFAOWTFOMGBBQ] Reynolds said, because repayment does not start immediately, among other reasons. “It’s the worst, because you don’t ever get out from under it.” [And you shouldn't be able to. No shortcuts biatches!]
Bankruptcy filings blotted out student loans before 1976[Smart]. But after the 1970s, discharging student loans was only allowed under the U.S. Bankruptcy Code in certain cases and the conditions have narrowed ever since, according to FinAid. [Good! No shirking your responsibilities, you dirty mongrels. You wanted to BORROW an exorbitant amount of money just to party for 4+ years, then you can have the responsibility of paying that money back with interest! Have fun!]
Delinquent borrowers have faced additional tougher measures. In 2006, the amount of pay a creditor could garnishee rose from 10 percent to 15 percent.
The Department of Education in 2001 began to use 15 percent of Social Security disability and retirement benefits to offset unpaid student loan debt. [Hahahaha, see their going for the Social Serurity money. You thought that was safe? Nothing is safe, you morons!]
Kantrowitz stressed that the vast majority of borrowers repay student loans.
Starting three years ago, struggling debtors could find help through the Income-Based Repayment plan, which limits payments and forgives some debt after a certain number of years.
But Reynolds said forgiveness in this case comes with a penalty. [Damn right, nature always get its' share]
“You take a big credit hit,” he said, adding that people who avail themselves of the option “are unable to buy houses and things like that.” [Good, maybe these parasites can learn the good value of saving rather then spending what you DONT have]
And there you have it gentlemen, college monkeys are SUFFERING badly and I'm enjoying it all. I hope you guys are too. I'm pretty sure there are going to be suicides soon because of peoples' student loan debts. The pressure is too great for their weak minds. They will fold like a house of cards in the wind, and I am going to laugh very hard!
-Will Out!!!
