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Re: Advice needed: Best student loan? [Re: RCHRR] #3036327
02/08/20 08:54 PM
02/08/20 08:54 PM
Joined: Nov 2015
Posts: 14,120
Chilton County
M
MarksOutdoors Offline
Booner
MarksOutdoors  Offline
Booner
M
Joined: Nov 2015
Posts: 14,120
Chilton County
Originally Posted by RCHRR
US Armed forces or 2 yr college. Way too many adults getting suckered in by their kids to go to their dream college just to flunk out or run up massive debt that most will never re-coop. 2yr nursing degree = $60-$100,00/yr

Yep. My daughter will be an RN May 1 and be making $25/hr. with an $8,000 sign-on bonus the day after she graduates. She will only have 2 semesters worth of loans to pay off. The ROI on a 2 year degree is hard to beat.


"The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."
-G. K. Chesterton
Re: Advice needed: Best student loan? [Re: scrape] #3036329
02/08/20 08:55 PM
02/08/20 08:55 PM
Joined: Jun 2015
Posts: 14,061
Some Marriott/Auburn
A
AU7MM08 Offline
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AU7MM08  Offline
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Joined: Jun 2015
Posts: 14,061
Some Marriott/Auburn
Originally Posted by scrape
Originally Posted by AU7MM08
Holy hell. My student loans were 3.X-4.X%
I would suggest he do two years at a community college and then transfer to a 4year.

Student loan debt is financially strangling a lot of young adults.
my student loans in 1990 were %11


But weren't mortgage interest rates pretty sky high around then also?

My student loans are pretty much equivalent to what my mortgage is.
Student loans were acquired in 2014 and paid in full come February 2018.

Re: Advice needed: Best student loan? [Re: AU7MM08] #3036338
02/08/20 09:04 PM
02/08/20 09:04 PM
Joined: Apr 2017
Posts: 15,506
Ourtown, AL
BCLC Offline
Old Mossy Horns
BCLC  Offline
Old Mossy Horns
Joined: Apr 2017
Posts: 15,506
Ourtown, AL
Originally Posted by AU7MM08
Originally Posted by scrape
Originally Posted by AU7MM08
Holy hell. My student loans were 3.X-4.X%
I would suggest he do two years at a community college and then transfer to a 4year.

Student loan debt is financially strangling a lot of young adults.
my student loans in 1990 were %11


But weren't mortgage interest rates pretty sky high around then also?

My student loans are pretty much equivalent to what my mortgage is.
Student loans were acquired in 2014 and paid in full come February 2018.


Prime was 10.0% in 1990


We’re not dead. We just smell that way. Dayum. - AC870

Yessir! I’m always gonna shoot what makes me happy and I want everyone else to do the same! If you shoot one be proud of it and don’t worry what anyone else thinks. - SJ22
Re: Advice needed: Best student loan? [Re: AU7MM08] #3036339
02/08/20 09:04 PM
02/08/20 09:04 PM
Joined: Nov 2012
Posts: 2,575
North Alabama
BamaPlowboy Offline
10 point
BamaPlowboy  Offline
10 point
Joined: Nov 2012
Posts: 2,575
North Alabama
Originally Posted by AU7MM08
Holy hell. My student loans were 3.X-4.X%
I would suggest he do two years at a community college and then transfer to a 4year.

Student loan debt is financially strangling a lot of young adults.

Solid advice or as others suggested join the Guard or other service..no way in hell I’d let my kid take12% loan for a degree

Re: Advice needed: Best student loan? [Re: BCLC] #3036346
02/08/20 09:13 PM
02/08/20 09:13 PM
Joined: Jun 2015
Posts: 14,061
Some Marriott/Auburn
A
AU7MM08 Offline
Booner
AU7MM08  Offline
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A
Joined: Jun 2015
Posts: 14,061
Some Marriott/Auburn
Originally Posted by BCLC
Originally Posted by AU7MM08
Originally Posted by scrape
Originally Posted by AU7MM08
Holy hell. My student loans were 3.X-4.X%
I would suggest he do two years at a community college and then transfer to a 4year.

Student loan debt is financially strangling a lot of young adults.
my student loans in 1990 were %11


But weren't mortgage interest rates pretty sky high around then also?

My student loans are pretty much equivalent to what my mortgage is.
Student loans were acquired in 2014 and paid in full come February 2018.


Prime was 10.0% in 1990


Then ya, 11% for the student loans in 1990 makes a lot more sense.
11% in 2020 for student loans doesn't make any sense, mortgage rates are near historic lows right now. Though maybe there's something I'm not thinking of or considering.

I just know for a fact my student loans were 3.X-4.X%.

Re: Advice needed: Best student loan? [Re: Jim Gray] #3036454
02/08/20 11:01 PM
02/08/20 11:01 PM
Joined: May 2011
Posts: 20,017
PDL, Fl
T
timbercruiser Offline
Freak of Nature
timbercruiser  Offline
Freak of Nature
T
Joined: May 2011
Posts: 20,017
PDL, Fl
My grandson signed up with the Air Force Reserve, they trained him as a plumber. He stayed in 10 years and just got a on base Civil Service type job with a dang good salary plus benefits. Worst part of it was his time in the Middle East with 125 degree heat.

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