rinkrat19 wrote:So basically you're fine with punishing the worthy just because you're angry at humanities majors?OfferSecured wrote:stupid stuff with incompetent quoting I'm too lazy to fix
Humanity majors should not exist.
rinkrat19 wrote:So basically you're fine with punishing the worthy just because you're angry at humanities majors?OfferSecured wrote:stupid stuff with incompetent quoting I'm too lazy to fix
Yes, there should be no one qualified to teach people how to write well. And art, literature and history are unimportant, and everyone should major in physics.OfferSecured wrote:rinkrat19 wrote:So basically you're fine with punishing the worthy just because you're angry at humanities majors?OfferSecured wrote:stupid stuff with incompetent quoting I'm too lazy to fix
Humanity majors should not exist.
My cousin went to some private fashion school. She now owns her own business designing and selling clothingOfferSecured wrote: I am talking about kids who take out huge student loans to go to a overpriced private school to major in Fashion or something.
OfferSecured wrote:rinkrat19 wrote:So basically you're fine with punishing the worthy just because you're angry at humanities majors?OfferSecured wrote:stupid stuff with incompetent quoting I'm too lazy to fix
Humanity majors should not exist.
Thank you Rink, there is a place for humanities, arts, etc., and I hate when people just decide they should be eliminated. However too many people take out 100-200K in UG loans with no plan simply because they think they should go to college; that is where the problem is. Many of them performed poorly in high school, probably didn't really like school to begin with, and probably should have thought it through more. I'll be honest, when I went to UG I was a polisci major with a vague plan to maybe go to law schoolm (and even that took me ten more years). I went to a small, private, lib. arts college but did so on probably $30K worth of student loans because of scholarship money. I did not come from a rich family, my parents paid none of my tuition, and I still managed to do pretty well. Even so, I think I would have been better off if I took a year off, worked, and figured out what the hell I actually wanted.rinkrat19 wrote:Yes, there should be no one qualified to teach people how to write well. And art, literature and history are unimportant, and everyone should major in physics.OfferSecured wrote:rinkrat19 wrote:So basically you're fine with punishing the worthy just because you're angry at humanities majors?OfferSecured wrote:stupid stuff with incompetent quoting I'm too lazy to fix
Humanity majors should not exist.
I'm an engineering major who thinks you're retarded.
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spleenworship wrote: IMO the real problem is all the parents pushing their kids to go to college. If I hadn't listened to my mom I would be a Warrant Officer (Nuclear Engineer) in the USN right now with an AAS. I'll admit I'm happy the way my life turned out, and that I'm in law school, but seriously, that would not have been the end of the world either. Useful skills, good job, good prospects after retirement, and no real college.
This is too good to be true and it will never pass, even if you ignore the whole Democratic senate/presidency roadblock. A 50% cap on interest accrued would be a game changer - one that lenders and their lobbyists would fight tooth and nail. It would actually allow anyone, with any reasonable level of income, to potentially repay their student loans one day (*shock*). The cap makes this proposal FAR superior to IBR forgiveness. Do the math on a 200k loan + interest over 25 years. If it's forgiven, you get completely rocked by the tax bill. You better hope you are broke as shit already, because the IRS doesn't fuck around.IBR gone
-No forgiveness at 20/25 year mark (or for public service)
-% based payment comes directly out of your paycheck, like taxes
-Total interest capped at 50% of face value of loans at graduation. (i.e. 100k of loans can only have 50k interest)
-Only applies to new loans
-Paid for by eliminating loan subsidies and forgiveness;
-Interest on loans is tied to treasury rate
Bad news for anyone planning on taking out a ton of loans to go into a low paying legal field. Also means lifetime servitude for those who can't pay of their loans. On the other side, interest is capped so people won't be getting as killed on interest. Will be interesting to see if it gets passed.
WhiskeynCoke wrote:This is too good to be true and it will never pass, even if you ignore the whole Democratic senate/presidency roadblock. A 50% cap on interest accrued would be a game changer - one that lenders and their lobbyists would fight tooth and nail. It would actually allow anyone, with any reasonable level of income, to potentially repay their student loans one day (*shock*). The cap makes this proposal FAR superior to IBR forgiveness. Do the math on a 200k loan + interest over 25 years. If it's forgiven, you get completely rocked by the tax bill. You better hope you are broke as shit already, because the IRS doesn't fuck around.IBR gone
-No forgiveness at 20/25 year mark (or for public service)
-% based payment comes directly out of your paycheck, like taxes
-Total interest capped at 50% of face value of loans at graduation. (i.e. 100k of loans can only have 50k interest)
-Only applies to new loans
-Paid for by eliminating loan subsidies and forgiveness;
-Interest on loans is tied to treasury rate
Bad news for anyone planning on taking out a ton of loans to go into a low paying legal field. Also means lifetime servitude for those who can't pay of their loans. On the other side, interest is capped so people won't be getting as killed on interest. Will be interesting to see if it gets passed.
Perhaps the false promise of forgiveness wouldn't lure you into taking out 250K in the first place, instead pushing you toward the cheaper choice?except that, if you don't make enough money, you will pay until the day of your death.
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I believe wisconsin doesn't require any legal education if you apprentice under a real attorneysadsituationJD wrote:No reason why law school couldn't be a mere 2 year associate's degree, held nights in a community college and real-world gutter-sucking shitlaw taught by in-the-trenches shitlawyers. Follow that with a mandatory shitlaw office "residency" of two to four years, then some sort of exam and licensing system. Washington state is already going down this road (sort of) with Limited License Legal Technician.
The majority.Anonimo wrote:I'm curious. How many of you will or have law school and undergraduate related debt?
spleenworship wrote:The vast majority.Anonimo wrote:I'm curious. How many of you will or have law school and undergraduate related debt?
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Toss in some grad debt, toodingbat wrote:spleenworship wrote:The vast majority.Anonimo wrote:I'm curious. How many of you will or have law school and undergraduate related debt?
And probably some credit card debt.justonemoregame wrote:Toss in some grad debt, toodingbat wrote:spleenworship wrote:The vast majority.Anonimo wrote:I'm curious. How many of you will or have law school and undergraduate related debt?
What about taxpayers when interest rates rise?Vs. Interest capped at 50%
1. If you take $150k debt = $225k total to be paid, no matter how long it takes you
2. If you average $750/month payments for 25 years, your loan is paid in full, with no tax bill. (see above for 25 years of IBR payments)
3. Everyone wins. Lenders still make money, just less egregious amounts.
Communicate now with those who not only know what a legal education is, but can offer you worthy advice and commentary as you complete the three most educational, yet challenging years of your law related post graduate life.
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As stated earlier, it really only will help those going to a good school (T14?) who will get a job that can justify taking out those kinds of loans. For the bottom 80% of law grads, most are likely indentured for life. Of course schollys negate everything I just said...Desert Fox wrote:I'd take this easy. The interest cap, and treasury rate would be fucking huge for anyone with big loans.
Why not make it exactly the same as accounting is? An undergrad degree with a substantial amount of law hours to be allowed to sit for the bar. And then you have to work under an attorney for a year or something before getting the JD. I really don't understand why they can't just set it up the same exact way as a CPA.sadsituationJD wrote:No reason why law school couldn't be a mere 2 year associate's degree, held nights in a community college and real-world gutter-sucking shitlaw taught by in-the-trenches shitlawyers. Follow that with a mandatory shitlaw office "residency" of two to four years, then some sort of exam and licensing system. Washington state is already going down this road (sort of) with Limited License Legal Technician:
http://www.abajournal.com/news/article/ ... l_litigan/
Sure, keep the elite Top 14 schools and socratic bullshit for the biglaw shops, let everyone else just take a few night classes, serve a shitlaw apprenticeship, then turn 'em loose. It arguably would serve the typical shitlaw "client" much better than a current newbie JD going all "rule against perpetuities" on some janitor's will or all Palsgraf on some rinky-dink fender bender. 99% of shitlaw is just desperate haggling with nasty insurance adjusters for lowball settlements on garbage cases. Needless to say, it takes little in terms of writing ability, logic, or intellect.
[/quote]OfferSecured wrote:about Goddamn time. I am sick of these losers taking out huge loans to go to shit schools. NOT EVERYONE deserves a right to an education. Some people need to learn a trade. World ain't fair, if you are a dumbass you are a dumbass.
Because the schools make shittons of money this way. I totally agree with you, btw, but that's why they "can't" do it.SuperCerealBrah wrote:Why not make it exactly the same as accounting is? An undergrad degree with a substantial amount of law hours to be allowed to sit for the bar. And then you have to work under an attorney for a year or something before getting the JD. I really don't understand why they can't just set it up the same exact way as a CPA.sadsituationJD wrote:No reason why law school couldn't be a mere 2 year associate's degree, held nights in a community college and real-world gutter-sucking shitlaw taught by in-the-trenches shitlawyers. Follow that with a mandatory shitlaw office "residency" of two to four years, then some sort of exam and licensing system. Washington state is already going down this road (sort of) with Limited License Legal Technician:
http://www.abajournal.com/news/article/ ... l_litigan/
Sure, keep the elite Top 14 schools and socratic bullshit for the biglaw shops, let everyone else just take a few night classes, serve a shitlaw apprenticeship, then turn 'em loose. It arguably would serve the typical shitlaw "client" much better than a current newbie JD going all "rule against perpetuities" on some janitor's will or all Palsgraf on some rinky-dink fender bender. 99% of shitlaw is just desperate haggling with nasty insurance adjusters for lowball settlements on garbage cases. Needless to say, it takes little in terms of writing ability, logic, or intellect.
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