college student blows $90k college fund, blames parents
- Thread starter UCFWayne
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Found another great article on the next generation: http://finance.yahoo.com/news/millennials-thriving-financially-one-thing-120100183.html
Not shocking. I worked with a girl in college who managed to get her debt up to around $70k in just her final 2 years. Here is the real kicker though. Full scholarship plus $1.5k a semester, her parents paid for her apartment and insurance and she went from working full time to 20-30hours a week. Her major? Teaching. She left FL for NY after 2 years of teaching bc NY pays better and was the only way she could afford her and her bfs student loans which were close to 100k.
“I know they’re trying to teach me a lesson and blah blah blah and character building but, like, I hope they realize [working part-time] could have such a negative effect on my grades and as a person."
She can go f herself.
Signed, all of us who worked in college.
.
She can go f herself.
Signed, all of us who worked in college.
.
I know a lot of people say that they work hard so that their kids don't have to. Eff that. I worked hard so I can have nice things. My kids are going to work in college just like I had to. (I will probably have a secret way of sending them money so they don't end up with tons of needless loans or credit card debt-- but they don't need to know that).
Still got it? Got pics? Don't tantalize me and then not deliver.
Another high quality product put out by our higher education system. One more life time democratic voter.
This is why I will not hire anyone out of college that did not have a job while in college. I would rather hire a 3.0 student that worked through college than a 4.0 student that did not.
I have money in the family but I worked part time. It was just fun getting the cash in hand. I worked throughout high school too just for the feeling of doing what I wanted with all my make-it-rain money.
Out of all of my college friends, the ones that succeeded were the ones that had to work through college. The ones that got soo much help from mommy and daddy are the ones still struggling to today.
Eh. Working in college is good and/or necessary for money; it doesn't necessarily mean jack shit when it comes to predicting future success in an actual career. I worked retail and service jobs while in college- I didn't find them having anything to do anything for my current career.
The thing that DID really help my career was the corporate internship I did Junior/Senior year.
The thing that DID really help my career was the corporate internship I did Junior/Senior year.
I think holding those part time jobs means a whole lot. No, stocking shelves at the grocery store won't teach you how to balance budgets or design a bridge-- it teaches the foundation of hard work, interacting with co-workers, balancing personal life with work and dealing with management. Those are things you can only learn in the real world. I can't imagine jumping into a real career without any experience in the work force.
That's just life in general. If you have a good work ethic and work you'll be successful. If you're a lazy cry baby that needs mommy and daddy for everything you're not going to be when you're on your own.
My first job was at Domino's Pizza when I was 16. My first 2 week paycheck was $96. The day after I got my paycheck I got my first speeding ticket. The amount was $96. When I brought the ticket home I showed my dad thinking that I would be in trouble. He just laughed at me and said "welcome to the real world!". Two weeks of hard work after school went to that stupid ticket. That taught me a quick lesson about consequences of actions. I haven't had another speeding ticket since. I can't imagine what kind of brat I would have turned into if my parents had paid my ticket for me. I know of parents that do!
Do you hire people out of college?
What a job shows is the ability to multi task, how to juggle personal and professional responsibilities. It shows character and it shows dedication to their education that it was important enough for them to work to get it. Its not a slap at those that did not work but I would rather not take the chance on giving someone their first job at a professional level.
No, not anymore. I grew tired of the sound and the 30 lbs around my neck. My main axe now is a 7 string Ibanez because #bawls.
I know you're in this thread entirely to discuss how many people you supposedly hire (and they're black!*) but this logic really is stupid. If you are not hiring people simply because you don't feel like they logged enough work hours at Dominos during college then that's ridiculous.
I know both people who did work entirely through college and those who barely did. From what I can see, working through college does absolutely nothing to predict how someone will do at excelling in an actual career. In fact my friend worked maybe 1 job during college yet he's now a head regional manager for a decent sized company.
IMO, the only college jobs that actually matter in interviews are internships where educational and professional skills are put to use.
I've been told by 3 people that hire that they look at whether someone worked in college or if mom and dad paid the bills and that they do see that as a difference.
Whatever to the above quote. I worked in high school, worked only 2 semesters at Saga, didn't for rest of my time at UCF- retired at 40.
"Working 20 hours a week at a part-time job at today’s federal minimum wage rate ($7.25), it would take the average college student more than five years to pay off the average net tuition cost at a public-four year university ($36,000)." That's supposed to be a insurmountable burden? Just over 5 years to pay off student loans doesn't seem bad to me. I think we could lighten the load per year and stretch it out to more years, but still pay off the full loan. It's worth more if you work for it than get it free.
Plus, this girl is a Georgian? Then she must be dumb as a brick because we have a "Bright Futures" program here too. I'm not sure what the GPA needed is now, but she obviously is too dumb to qualify.
"Working 20 hours a week at a part-time job at today’s federal minimum wage rate ($7.25), it would take the average college student more than five years to pay off the average net tuition cost at a public-four year university ($36,000)." That's supposed to be a insurmountable burden? Just over 5 years to pay off student loans doesn't seem bad to me. I think we could lighten the load per year and stretch it out to more years, but still pay off the full loan. It's worth more if you work for it than get it free.
Plus, this girl is a Georgian? Then she must be dumb as a brick because we have a "Bright Futures" program here too. I'm not sure what the GPA needed is now, but she obviously is too dumb to qualify.
Curious to see that many of the same people that value working hard and earning a living for themselves are also supporters of the party that quietly cojoles the system to make sure the children of the wealthy remain wealthy regardless of how hard they work.
You obviously don't get it. It's not the job that matters, it's the multi tasking and ability to juggle responsibites.
If your sons end up making valuable contributions and earn their way then there is no problem.
On the other hand, if your sons use their privilege to just accumulate additional wealth using the wealth they were handed without really working hard and making a contribution, there is a problem.
It's not really upper-middle class privilege that gets under my skin as much a i's the multi-millionaire class that gives hand outs to their children to act like spoiled brats that gets me.
This is too dumb to respond to. What are you even saying?
I'm guessing you're bitching about the Death Tax (also know as triple taxation) not being something up around 80%. I'm sure you're someone who thinks that a person's death should essentially require all of that money to funnel into Washington instead of the person's family, for whom he worked all of his life for, and intended to pass his wealth to.
If you're not, then as I said, it's too dumb to respond to.
Why are you so f*cking worried about how others do or don't spend their own money?
Is it not possible for you to live your life without hyperventilating over what "the rich people" are doing? Is a kid inheriting money and investing that money causing you such anxiety that you can't sleep?
It's hilarious that you think the wealthy and their children need to essentially submit a report card to you, and other like minded socialists, to deem whether their usage of money is "appropriate" or not.
Jesus.
It matters because as I've pointed out before, a system that financially rewards people for not contributing is a broken system. Of course, you can't understand this because you've openly said you have no problems with people that gain financial reward for scamming others and taking advantage of lack of information.
Also can't comprehend the same people that rail against social support programs that most people use to stay on their feet while they work to better themselves also have no qualms about handing down very large sums of wealth to kids that haven't had a challenging day in their life.
What a moronic statement.
The money going to family members following a death HAS ALREADY BEEN TAXED. TWICE. And the person who is deceased work hard to establish wealth for their family, not blood sucking leeches who want to direct all of that money into the Fedearl government instead.
You're a dangerous breed of socialist parasite.
Again, most people on government support want to get off and become independent, but have challenges in front of them that the typical privileged class can't comprehend (or refuse to because it blows a hole in their narrow view of the world). The idea that there's some huge class of leeches is a myth propagated by the same liars and cheats that have no problems handing much greater sums of wealth to people that haven't worked for it.
The visceral anger and insults you people hurl when the static image of other people you have in your mind is questioned seems more dangerous than a guy that has an opinion. Can't imagine the contortions your mind has to go through on a daily basis to believe what you believe.
Lulz
I fully understand now that you envision every wealthy family as The Hiltons.
You're a delusional, warped, dangerous individual.
I fully understand now that you envision every wealthy family as The Hiltons.
You're a delusional, warped, dangerous individual.
