The Beginning Of The End
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Student Loan Debt Hell: 21 Statistics That Will Make You Think Twice About Going To College

Is going to college a worthwhile investment?  Is the education that our young people are receiving at our colleges and universities really worth all of the time, money and effort that is required?  Decades ago, a college education was quite inexpensive and it was almost an automatic ticket to the middle class.  But today all of that has changed.  At this point, college education is a big business.  There are currently more than 18 million students enrolled at the nearly 5,000 colleges and universities currently in operation throughout the United States.  There are quite a few "institutions of higher learning" that now charge $40,000 or even $50,000 a year for tuition.  That does not even count room and board and other living expenses.  Meanwhile, as you will see from the statistics posted below, the quality of education at our colleges and universities has deteriorated badly.  When graduation finally arrives, many of our college students have actually learned very little, they find themselves unable to get good jobs and yet they end up trapped in student loan debt hell for essentially the rest of their lives.

Across America today, "guidance counselors" are pushing millions of high school students to go to the very best colleges that they can get into, but they rarely warn them about how much it is going to cost or about the sad reality that they could end up being burdened by massive debt loads for decades to come.

Yes, college is a ton of fun and it is a really unique experience.  If you can get someone else to pay for it then you should definitely consider going.

There are also many careers which absolutely require a college degree.  Depending on your career goals, you may not have much of a choice of whether to go to college or not.

But that doesn't mean that you have to go to student loan debt hell.

You don't have to go to the most expensive school that you can get into.

You don't have to take out huge student loans.

There is no shame in picking a school based on affordability.

The truth is that pretty much wherever you go to school the quality of the education is going to be rather pathetic.  A highly trained cat could pass most college courses in the United States today.

Personally, I have had the chance to spend quite a number of years on college campuses.  I enjoyed my time and I have some pretty pieces of parchment to put up on the wall.  I have seen with my own eyes what goes on at our institutions of higher learning.  In a previous article, I described what life is like for most "average students" enrolled in our colleges and universities today....

The vast majority of college students in America spend two to four hours a day in the classroom and maybe an hour or two outside the classroom studying. The remainder of the time these "students" are out drinking beer, partying, chasing after sex partners, going to sporting events, playing video games, hanging out with friends, chatting on Facebook or getting into trouble. When they say that college is the most fun that most people will ever have in their lives they mean it. It is basically one huge party.

If you are a parent and you are shelling out tens of thousands of dollars every year to pay for college you need to know the truth.

You are being ripped off.

Sadly, a college education just is not that good of an investment anymore.  Tuition costs have absolutely skyrocketed even as the quality of education has plummeted.

A college education is not worth getting locked into crippling student loan payments for the next 30 years.

Even many university professors are now acknowledging that student loan debt has become a horrific societal problem. Just check out what one professor was quoted as saying in a recent article in The Huffington Post....

“Thirty years ago, college was a wise, modest investment,” says Fabio Rojas, a professor of sociology at Indiana University. He studies the politics of higher education. “Now, it’s a lifetime lock-in, an albatross you can’t escape.”

Anyone that is thinking of going to college needs to do a cost/benefit analysis.

Is it really going to be worth it?

For some people the answer will be "yes" and for some people the answer will be "no".

But sadly, hardly anyone that goes to college these days gets a "good" education.

To get an idea of just how "dumbed down" we have become as a nation, just check out this Harvard entrance exam from 1869.

I wouldn't have a prayer of passing that exam.

What about you?

We really do need to rethink our approach to higher education in this country.

Posted below are 21 statistics about college tuition, student loan debt and the quality of college education in the United States....

#1 Since 1978, the cost of college tuition in the United States has gone up by over 900 percent.

#2 In 2010, the average college graduate had accumulated approximately $25,000 in student loan debt by graduation day.

#3 Approximately two-thirds of all college students graduate with student loans.

#4 Americans have accumulated well over $900 billion in student loan debt. That figure is higher than the total amount of credit card debt in the United States.

#5 The typical U.S. college student spends less than 30 hours a week on academics.

#6 According to very extensive research detailed in a new book entitled "Academically Adrift: Limited Learning on College Campuses", 45 percent of U.S. college students exhibit "no significant gains in learning" after two years in college.

#7 Today, college students spend approximately 50% less time studying than U.S. college students did just a few decades ago.

#8 35% of U.S. college students spend 5 hours or less studying per week.

#9 50% of U.S. college students have never taken a class where they had to write more than 20 pages.

#10 32% of U.S. college students have never taken a class where they had to read more than 40 pages in a week.

#11 U.S. college students spend 24% of their time sleeping, 51% of their time socializing and 7% of their time studying.

#12 Federal statistics reveal that only 36 percent of the full-time students who began college in 2001 received a bachelor's degree within four years.

#13 Nearly half of all the graduate science students enrolled at colleges and universities in the United States are foreigners.

#14 According to the Economic Policy Institute, the unemployment rate for college graduates younger than 25 years old was 9.3 percent in 2010.

#15 One-third of all college graduates end up taking jobs that don't even require college degrees.

#16 In the United States today, over 18,000 parking lot attendants have college degrees.

#17 In the United States today, 317,000 waiters and waitresses have college degrees.

#18 In the United States today, approximately 365,000 cashiers have college degrees.

#19 In the United States today, 24.5 percent of all retail salespersons have a college degree.

#20 Once they get out into the "real world", 70% of college graduates wish that they had spent more time preparing for the "real world" while they were still in school.

#21 Approximately 14 percent of all students that graduate with student loan debt end up defaulting within 3 years of making their first student loan payment.

There are millions of young college graduates running around out there that are wondering where all of the "good jobs" are.  All of their lives they were promised that if they worked really hard and got good grades that the system would reward them.

Sometimes when you do everything right you still can't get a job. A while back The Huffington Post featured the story of Kyle Daley - a highly qualified UCLA graduate who had been unemployed for 19 months at the time....

I spent my time at UCLA preparing for the outside world. I had internships in congressional offices, political action committees, non-profits and even as a personal intern to a successful venture capitalist. These weren't the run-of-the-mill office internships; I worked in marketing, press relations, research and analysis. Additionally, the mayor and city council of my hometown appointed me to serve on two citywide governing bodies, the planning commission and the open government commission. I used to think that given my experience, finding work after graduation would be easy.

At this point, however, looking for a job is my job. I recently counted the number of job applications I have sent out over the past year -- it amounts to several hundred. I have tried to find part-time work at local stores or restaurants, only to be turned away. Apparently, having a college degree implies that I might bail out quickly when a better opportunity comes along.

The sad truth is that a college degree is not an automatic ticket to the middle class any longer.

But for millions of young Americans a college degree is an automatic ticket to student loan debt hell.

Student loan debt is one of the most insidious forms of debt.  You can't get away from student loan debt no matter what you do.  Federal bankruptcy law makes it nearly impossible to discharge student loan debts, and many recent grads end up with loan payments that absolutely devastate them financially at a time when they are struggling to get on their feet and make something of themselves.

So are you still sure that you want to go to college?

Another open secret is that most of our colleges and universities are little more than indoctrination centers.  Most people would be absolutely shocked at how much unfiltered propaganda is being pounded into the heads of our young people.

At most colleges and universities, when it comes to the "big questions" there is a "right answer" and there is virtually no discussion of any other alternatives.

In most fields there is an "orthodoxy" that you had better adhere to if you want to get good grades.

Let's just say that "independent thought" and "critical thinking" are not really encouraged at most of our institutions of higher learning.

Am I bitter because I didn't do well?  No, I actually did extremely well in school.  I have seen the system from the inside.  I know how it works.

It is a giant fraud.

If you want to go to college because you want to have a good time or because it will help you get your career started then by all means go for it.

Just realize what you are signing up for.

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  • Mike Hgl

    The middle class was priced out of a college education long ago, unless you submit to student loan bondage. Myself, I got sick of wasting my time in college and spending all my hard earned money on a supposed “edukason”. I quit, saved the money I had spent on tuition for the year, and bought two rental investments on land contract. Based on the lesssons I learened in real life ( being a small businessman,a landlord and a carpenter) have given me all the tools I need in life to move forward. My advice to those thinking about wasting their money for higher education: Keep it (or don’t borrow it) Apprenticeship and on-the-job training makes more sense by far. Use your own skills to advance yourself. Avoid debt.

  • joe

    I go to college right now. Only reason I went was free tuition. I would never have paid these people to waste my time. Not even worth the time spent doing it.

  • http://survivalpreppersblog.com Lynette

    Hi Michael, I linked your article to my blog today because as a “prepper” your information is invaluable.

    I hope linking is ok…. perhaps I should have emailed first? I don’t know. I just wanted to get your information in front of my readers asap!Full credit was given.

    I love your blog! Thank you for the time and effort you put into the articles!

    Lynette

    • Michael

      Lynette:

      Please feel free to link to these articles any time. In fact, I encourage people to use these articles on their own sites and to share them with their family and friends. The more people that see these articles the more of an impact they will have.

      So yes, linking is very much okay. I am honored that you stop by the site and I hope that you will continue to make use of the articles.

      Michael

  • mickeythepirate

    Guess what..this is a reality check. The Government and banks were happy to lend (enslave) as many people as possible and to lend them all the money they wanted..for ANYTHING.. So you provided more money supply to the Universities..They in turn DEMANDED more money..I guess nobody in government ever studied basic economics…ohh nevermind..anybody can see that for themselves.
    As for going to collage and getting somewhere, If you go to collage and take a bunch of chickens*%t classes, thats what you get..a bunch of chicken pellets to show for it. I put myself through collage..I knew every semester when I signed the loan papers that it was my backside I was inviting them to chew on..that is why I took 18 to 22 semester hours of classes every semester. (and no, I had no time to party, since I double majored in Physics and Earth Sciences). I had say 20 hours a week in class, another 40 studying and then another 15 in labs. Then worked part time for the University. I took out the trash for the rich kids, or cleaned up the campus or drove a bus..whatever.. to have enough money to eat.
    Guess what? I was hired by phone a week after graduation..I have been hired several times since, but have never been unemployed..I got a degree that somebody needed..Sure it was not easy…the best things in life are not free or easy..that is what the youth of this nation have forgotten. Now its judgement day…You will work for bread, and live in poverty for your lack of effort. Your children will cry out in agony and curse you as they starve because you always thought you would be given money and the wealth of the workers while you sat on your lazy bass and did nothing…The culture that honored and worshipped stupidity and vulgarity will be rewarded with a generation of ill mannered morons to try to run things…God help this nation,you who can abandon ship, jump now, because metaphoriclly, we are headed towards Niagra Falls aboard the SS Minow…with Gilligan in command…Just give it up…we are so screwed it is not worth any further effort…drinking yourself into a blind stupor is at least an alternative plan…it would numb the pain we are witnessing…

  • Marie

    I work for a major medical device company that was purchased by a big pharma corporation a few years back. Since the time of that purchase, there have been at least 5 substantial layoffs and rumor has it there will be another one early this summer. See, they believe in off-shoring the work. So the company that we once were – the largest employer in our county and heavy investors in R&D – has been reduced to bare bones with more ‘headcount adjustments’ coming. It is more important for the CEO to be on the top paid list of CEOs. The only method they use to keep the manufacturing costs down is to off-shore the manufacturing. (They claim otherwise, but it’s just political mumbo-jumbo.) So go ahead and climb into student loan hell. All that will be waiting for you is a job flipping hamburgers.

  • Matthew

    Several points. One of the reasons college became so expensive is when Sallie Mae took over college loans they could give higher loans to meet rising prices. when this happen college tuition double in four years. But oddly teachers largely became underpaid adjunct WTF wear is all the money going in the education system? Two college standards have decreased to admit more students. I am a big believer that college is not primarily about “getting a job” but at these prices it may be best to avoid universities and colleges become self educated, go to junior colleges, find cheaper schools, or go to Europe for a degree. Believe me the overpriced tuition is not worth it. Set your own eduction goals and find cheaper ways of attaining them. I went to school mostly on Scholarship and grad school was almost free. But even with scholarships in undergrad I still left with substantial debt and I am now a low paid care worker.

  • http://www.catholicthinker.net/ PaulF

    Dave – the ridiculous cost of college education can be explained by the influx of free money – government-sponsored student loans.

    This is the type of thing that happens when the govt intervenes in the free market by setting ridiculously low interest rates for college loans (and giving literally free money!).

    Google “Mish college loans”.

  • http://www.catholicthinker.net/ PaulF

    I attended the University of Wisconsin system from 1988-1993. I graduated with a BS in Computer Science. A few observations about my experience the article (which is excellent and entirely correct):

    - I took at least 12 credits a semester, sometimes as many as 17 or 18, but did not graduate in four years – that was nearly impossible. But so what.

    - I rarely wrote 40 or even 20 pages for a class but for some I wrote thousands of lines of code and for others I did many advanced math problems – the CS program at UWM included/includes about 20 credits of calculus and post-calculus.

    - Tuition was something like $1200/semester. I lived at home, worked part-time at a grocery store, and paid my way with a little help from my parents. NO student loans.

    - I never got laid. But that’s Ok; I was a budding Christian AND a nerd.

    I’m lucky I was born when I was – it now costs more than 4x what I paid to go to UWM!

    Actually, I’d have been better off if I’d been born 30 years earlier, as then I’d be pretty close to dying and not about to live through the real Great Depression.

  • Nick

    US higher education is a mega-disaster for students. If they haven’t already learnt a financial lesson from the housing disaster, then God help them!
    Unfortunately for many American students it’s too late and slavery will be their future for the rest of their lives.
    Alas, this is what beer, partying and young toxic American women can do to a healthy American. The future is nothing but slavery, slavery and more slavery for the poor students!
    Party is over…here comes the whip!

  • Dev Horn

    If you have gone to college for 2 years and have learned absolutely zero – that’s your fault. I got a good college education which, 30 years later, continues to benefit me. I did it with zero student loans – my parents paid tuition and books and I worked 30 hours per week to pay all my living expenses (including a car). I agree that you don’t need to go to an Ivy League college – just a decent 4-yr university with a sound reputation. I will do whatever it takes to send my kids to college, and I have no doubt that they will learn a lot and get a better job as a result. My 2 cents. Thanks!

  • JD

    Hey Josh if u havent noticed McDonalds doesnt hire hardly anyone anymore. Read Micheals article about Losing Faith 62000 out of a million. I actually tried to work there in 2009 when i was first laid off with prior college and job experience. The fact is they dont want to take a chance on someone who has a college degree because they assume they will quit as soon as some thing better comes along. But the truth is that most of the jobs that require a college degree are already taken and the people that work at them are too scared or cant quit those jobs so Mickey Ds is the only game in town for alot of folks. This weeks job death match Roofer vs. anthropologist! You know what Dave Ramsey says it best that the most effective way to find a job is to know someone who works there already. ive found sometimes its the only way.

  • piprod01

    There’s something in this article that I find way off; that Universities are providing poorer education now than they did in the past. I reckon they probably provide a better education because it’s far easier to give students information. The problem is, almost certainly, entirely with the students.

    “Meanwhile, as you will see from the statistics posted below, the quality of education at our colleges and universities has deteriorated badly.”
    Well you never did; all the statistics showed that many students are lazy.

  • Maria

    liberranter,

    Thank you. Although, I have to say we only provide the environment for our kids to succeed. They are the ones who have to do the work to earn their own success. You can lead a horse to water, but can’t make him drink so to speak.

    Yes, my daughter is still working full time and saving for college. And yes, she plans to work part time while attending college…if that is the avenue she pursues.

    New opportunities and options are coming available that she didn’t know about or consider before now. She has a lot to think about.

    You are right about most young people not being sure what to do with their futures. How can they be expected to know at 18 or in my daughter’s case, 16? Especially in this economic environment.

    Thank you for the encouragement.

  • spydo

    I left college in 1981 with a mountain of debt, even though I was a Vietnam Era vet on the GI Bill.

    Back then you might as well have told the financial aid officer that you served with Charles Manson. I basically got $0 from SU.

    In NYS they had the TAP or Tuition Assistance Program. I was 23, had a 1 year old son and a wife, and hadn’t lived with parents for almost 4 years. Yet the SU advisor told me I was not eligible for TAP because my parents would not release their finances. I was like “what do MY PARENTS have to do with it?”. I got a blank stare and no help.

    Other students were getting so much aid they were buying vehicles- we had no aid, and were trying to figure out how to feed 3 of us – sometimes on $5 for 5 days! I worked 20 hours a week and the wife babysat but even with that we were broke after paying rent and vehicles. The whole 4 years’ tuition were pretty much on credit.

    It *sweetened the deal* a bit, years later, when I was solicited by SU to DONATE. I told the person I’d love to- I’ll help you AS MUCH AS Syracuse helped me! They were like GREAT! Until they heard the story.

    At least vets today are treated with respect and I think universities might even try to give them EXTRA assistance. Back then it was like we were criminals for serving our nation.

  • http://theeconomiccollapseblog.com/archives/student-loan-debt-hell-21-statistics-that-will-make-you-think-twice-about-going-to-college jackson

    daughter unemployed, living on foodstamps, 4 year degree, owes $82,000, on top of a 4yr “full boat” scholarship.

    1st son, “Dad, college sucks, can i come and live with you until i get my Journeyman’s card?
    (did, earned UNION card and took apprenticeship classes and schooling, passed), now has own place AND makes 120,000 a year.

    2nd son, 4years @ u of AZ, $65,000 in college loans, earned degree in psychology. Now drives a taxi.

    JOIN a UNION and live well.
    Some one has to take over the REAL jobs, and the Unions.
    NOTE: there is a labor shortage everywhere, even in the UNIONS.

    Proud retired UNION plumber/fitter

  • BMOC

    $120K/yr for fitting pipes together? Hey, pretty soon y’all will be able to participate in Obama’s “Share the Wealth” program.

    A Psychology degree and Taxi Driver sounds good. At least he can make tips. I knew a guy with a psychology degree who 10 years after graduation was still a sales clerk at Target.

  • King of the Zombees

    University presidents, board of directors, and all high profile positions, are earning filthy salaries in millions of dollars by increasing tution fees of the American students. This is just great!
    I’m waiting for the day when students en-mass boycott the universities….and then lets see how they pay for their big fat cat salaries and pension and other benefits!
    My goal is to strip these guys in white shirts and black ties off their cushy positions, make them homeless and bring them onto the streets where they actually belong.

  • Stephen Byerly

    I’m a 22-year-old with a similar start to many of your stories. I was 17 when I graduated high school and got accepted in to a LAC. Couldn’t pay for it as my parents combined only made about 40000 a year and had to drive 30 miles one way to go to work. I joined the Army Reserves, went to basic and my job training, and came back to go to college… which I promptly drank my way out of in about 6 weeks. I came active duty, paid off my student loans in about 3 years, and now a year after that I make about 50 grand a year, live in a nice part of town where I’m stationed, have a brand new car and an older jeep that somehow I can afford to put gas into, a brand new washer and dryer, two cats, brand new furniture, my wife doesn’t have to work, I have no credit cards, and on top of that I’m working on college courses for pre-pharmacy (which I don’t have to pay a dime for as long as I’m on active duty thanks to free tuition). If I get out, I can go to pharmacy school on the government’s dime because of the revamped GI Bill while working as a pharmacy tech (which the Army will pay for the certification should I not be able to teach myself the test material out of the book), my wife will be working as a pharmacy tech (she already has the certification), and when I earn my PharmD degree either I can work in a hospital or local pharmacy (which jobs reports say is the #2 fastest growing job in Indiana and starts at 97000 a year) or I can go back in the Army as a Captain with 8 years in for pay and work for 96000 a year (they need pharmacists) and that number will only go up. They don’t need pharmacists? No problem, they still need officers, and starting pay for a “butter bar” with 8 years enlisted experience is 72000.

    If you pick the right field, are willing to work hard to pay for it, are willing to work hard while you’re in school, and stay focused, I feel education can be very valuable. If you don’t pick a field that is in demand, aren’t willing to work hard for school or while you’re in school, or focus more on beer and women than your studies, then you’re in for a lifetime of disappointment. Agree or disagree?

  • sleep

    you say 24% of time is spent sleeping, you do realize most people sleep 33% of their lives… therefore the students should be sleeping more than they are…

  • jojo

    Federal direct student loans are a Bank/Fed/State bailout scheme, see at bottom for documented example how healthcare and medicaid gets bailout too directly from education bonds, tuition/fees, and state aid as collateral

    As well as strategy with IRB to make extra 15% off future workers for 25 years

    fed does it and they cant lose, they are bailing out banks since laws prohibit their past home lending practices! sorry will give you theirs and their kids money though!

    With IRB, income based repayment, only federal loans can be used, its basically a 15% tax on income for 25 years, only doesnt work fiscally unless you are making 200k-250k a year. For most it will make sense

    the fed now gives student loans and keeps the variable low, lowest ever and hasnt changed since 2008, to make profit difference between rates/fees for themselves and banks. Banks dont have to compete for student money, even though credits tight, and in the future Federal loans can only be consolidated by the fed so no bank competition when students do make money. See how low a rate private loans are, and these give banks a federal insurance, even though student loans are the hardest to escape

    The variable has been its lowest ever and not moved since 2008. You think theyd let these fixed loans ever get higher when they set the variable and it would cripple them and banks? These loans are federally backed yet still get rates of 6.8,7.9. A lone citizen with cosignor with moderate income and decent credit can do way better, plus no consolidation limits

    Its a way the fed government, and state/city/university, can tax students/fill their deficits/take a piece of students tuition while they only worry about inflation and variable. how much money is that? you can not go into bankruptcy for student loans which forgives debt on credit report after 10 years, only way to escape is die, do a government repayment, or IRB which is still like a tax of 15% of income for 25 years if you dont make 6 figures this is the route most people will be going, so the government gets a 15% tax plus your regular income tax. This income based repayment plan is getting alot of fed attention

    they wont lose on deal, not a coincidence that fed does this at same time variable lowest ever and set by them since 2008 this low.

    Also its a way for state/city/healthcare bailouts and corporate profit, why your tuition rate really goes up at public schools all about buying each others bonds:

    public colleges/universities in states use education building bonds (selling a bond is basically getting a loan from buyer), see NJEFA site example, to collect money and at the same time they buy state/city government bonds, a way to kickback money to them from tuition I bet, and corporate, banks that buy their own school bonds.

    Bonds with a fixed rate, as only public school converted their variable too on njefa, have a predicable payout of interest and return for ones bought so when they give annual report the bottom line ends evenish. they choose the amount, term, and then its rated by wall street based on that and who they are. its crazy bailing out states and hospitals with student money from loans they pay the federal government interest on,

    much higher than the variable and all state/university/city/corporate bonds return, so they end up making money. the one umdnj is only one higher than 6.8 but still higher than plus loans, either way the fed is safe because the variable has been stuck at .25 or whatever since 2008, which they set. The exact same time njefa shows public school abandoning their variable rate bond

    see how a school like umdnj uses to bailout medicaid debt and healthcare costs:

    this situation meets fraud definition:

    The law has a specific definition what constitutes actionable legal fraud. “Although the word ‘fraud’ maybe used in common parlance to connote any practice involving shady or underhanded dealing, in law it is a term of art with a precise definition.” Banco Popular N. Am. v. Gandi, 184 N.J. 161, 175 (2005). In order to assert a legal fraud claim the moving party must establish the following five elements by clear and convincing evidence: “(1) [a] material misrepresentation of a presently existing or past fact; (2) knowledge or belief by defendant of its falsity; (3) an intention that the other person rely on it; (4) reasonable reliance thereon by the other person; and (5) resulting harm.” Jewish Ctr. of Sussex Cty v. Whale, 86 N.J. 619, 624-625 (1991); see also Simpson v. Widger, 311 N.J. Super. 379, 392 (App. Div. 1998) (holding that “fraud must be proven by clear and convincing evidence”).

    education building only bond used to pay medicaid debt, fraud charge by medicaid and other UH non educational debt, as well as tuition/fees revenue to pay interest rate of 7.47% and state education funds as locked up collateral in a bank and I doubt interest paid on it

    http://www.umdnj.edu…_09_BOT_res.pdf

    see above link

    essentially University hospital is broke and always in debt to state and others so they use a bond/loan thats for educational buildings only from NJEFA, to wipe non education debt. the state also gets money they are owed.

    school says its budget cuts reason for 18% tuition hike last year and all others, no mention of this. State gave same budget next year but we will still get a hike, always do

    The state forgives half their medicaid debt, $46 mill, $9 of which is a charge for fraud. UMDNJ pays the rest from 2013-2028. They get some debt service fund.

    And the to pay the woping 7.47% on the $260 million dollar bond, for non-educational use, as well as other bonds with they use any revenue, inlcuding tuition/fees, and use our state tution aid at least as collateral and some bank holds all this maybe without paying federally required interest on it. Thats like $12.7 mill a year in interest for just that one bond

    The lien on the state money is kept in an actual lockbox in a bank, 70% of umdnj bond portfolio have this crazy lien, and state money thats restricted like charity care is held as well till bond interest is paid.

    This is the only reason that 2009 was first year UH didnt lose 20-30 million that year in at least a decade, I bet the CEO makes their bonus. Same Year they sold bonds, 3 months before annual report, see board meeting 4/28/10 online 2 days beforebonds sold with great news of fiscal turnaround

    its not the students job to bailout UH and the state through tuition/fees/state subsidy

    There was an 18% hike in tuition last year, another this year despite no state budget difference, they make $100 mill from tuition alone then fees, $170 mill from state for education, grants, contracts, housing fees, and $30 billion a year of state money goes to UMDNJ as a whole

    They also buy state/ city government/corporate, the banks that buy their bonds I assume, bonds that return a much worse interest than 7.47%. This allows their consolidated report to yield predictable even bottom lines as well as a public disclosure. With only fixed interest rates being used, they choose the bond amount and period, they never have surprises that would raise an eyebrow about their “investments”

    Part of this $260 million paid old education bonds, 1999 and 1995, and I bet my eye the rate was better than 7.47%. Further increasing burden to students.

    They can take another $215 mill per the attached. I have other resources if any gaps missing, see 4/28/10 umdnj board meeting for report of miraculous turn of fiscal events by CEO, bonds went on sale 2 days later. She gets millions for such a fiscal turn around that is just a new loan that students foot the bill for

    why else they so scared of losing RWJ and school of public health?

    sources
    http://www.njefa.com…ty/recent/2009/

    http://www.bondsonli…A=view&RID=2977

    http://www.theuniver…tes_4_28_10.pdf

    http://keepcaliforni…/comment-page-1
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  • Mallory

    This is a major, major issue in our country today that is not receiving attention from congress for very tactical reasons. They don’t want people to stop borrowing, to stop enslaving themselves. If people knew the truth, change would start to happen.

    I have nearly 40,000 dollars from student loan debt upon graduation of a five year program – and it’s a field with unstable and scant employment prospects – and the clincher here – I don’t even want to have that job anymore.

    God Bless us, God bless the children like myself who bought into this nightmare. And I hope that somehow, the young people of today will get the truth and stop the enslavement.

    • Gift of Mercy

      Hi Mall. New to Disqus..plz forgiv if i wander too far. However, we have an account called InterestFree on Twitter where we have advocated a return to Scripture : All Scripture contain verses which prohibit the Charging of Interest on Money-Loans or indeed in any Transaction. Problem is, that most Banks operate ON INTEREST and also charge USURY, which is COMPOUNDED-INTEREST. Very expensive ! Also inherently unfair as i found it when i wrote my THESIS on this subject. Most people can’t even Calculate the Application of Interest / Usury as applies to their accounts, because Schools and Universities DON’T TEACH THEM HOW ! Entire System is one of THEFT and FRAUD, operating under “LEGAL COVER”, whilst a desperately poor person that “steals” a loaf of bread gets JAILED for about a YEAR !! The “SHYLOCKS” of this world, the BANKSTERS…have NO SCRUPLES, at all and MUST BE STOPPED. After all, they have had MORE THAN A CENTURY of FRAUD, CORRUPTION, THEFT and in many cases, MURDER. Read “JFK”….Take Care..

  • http://www.roadoutofdebt.com/ Nico

    Sad but true! With the student loan debt being bigger than the credit card debt, one should think why he would want to go to college in the first place!

  • http://www.rishonan.net Rishona

    Great article…and I think that it displays the urgency of the situation. However as a college graduate with more than $100K in student loans (and working a low-level job as a secretary), I can tell you that the problem is rooted in college tuition…and not student loans. Amazingly, I received over $35,000 in grant and scholarship money in addition to my student loans. The price of college is just so astronomical….and I cannot see the justification. I work at a college, and the tuition and fees for two students pay my annual salary. So it’s not ME who is getting the money. Instead millions of dollars are being funneled to administrators, campus ‘improvements’ (like art sculptures that cost $500K a piece), and flashy recruitment initiatives. The college where I work even had an ad run during the Super Bowl (give me a break)!
    Debt in general is a societal problem that few of us can escape; especially if you make under $50K on an annual basis. The truth of the matter is if you want a place to live, a car (just one…not multiple), furniture, and meals on a regular basis…you have to take on some debt in order to make that happen (on a salary of $50K or less). While I am $100K in debt with student loans, I don’t have children, I don’t have a new car (and never had one), I don’t own real estate, I don’t have high balances on my credit cards (about $1K). So my debt is concentrated in one area as opposed to being all over the place. In addition, student loans are not too tough to manage when you do not have any money. The income contingent plan takes your payments down a lot. If you are unemployed, you can just put them into forbearance. You can’t do that with credit cars, your car note, or even your mortgage. So student loans are actually the least “hellish” debt of them all when you think about it.

  • M Fonseca

    I can’t believe it took people this long to realize what a ripoff college has become. The only thing I don’t understand is the attack on college as a whole. The right degree from the right college is still a worthwhile investment. The problem is the thousands of mediocre students majoring in French literature or equally useless subjects at mediocre colleges and universities. And paying big bucks for the privilege. This is a waste of time. The liberal arts are a waste of time. The idea that everyone must go to college, even if it’s a crappy college that no one has ever heard of and even if you are a crappy student who does nothing but drink and sleep, this is an idea that is past due for rethinking, especially now that it’s forcing people into debts they can’t pay off. But not recognizing that there is a place at all for college is just throwing out the baby with the bathwater. College degrees shouldn’t be dismissed – they just need to start showing that they are a good return on the investment. The ivy tower needs to finally get its head out of its you-know-what and start taking responsibility for the tremendous financial investment that students are making. It needs to start producing that return on their investment – it’s too much money to spend on “finding yourself” or pursuing a mild interest in medieval literature.

    I say down with the liberal arts, except as electives. Departments funnel average students into useless majors because they need the enrollment numbers to sustain themselves. They publish silly lists of things you can do with their degrees that are things you can do with any degree, but probably won’t find a job doing in the first place. They talk about how they are relevant to the real world and current events, but they are so deeply buried in arcane subject matter that they don’t even realize how irrelevant they have become. Colleges foster the myth that the liberal arts are important simply because they are afraid to abandon an entrenched academic system more appropriate to idle noblemen of past centuries than to the middle class kids of today who need a real job so they can support their families and themselves, not a bunch of enlightening trivia that will turn them into well-read waitresses and cashiers.

  • Jeff

    I will be 300,000 dollars in student loan debt by the time I finish dental school. Cheers.

  • Tammy

    I am over $90,000 in debt with Student loans. I went to a “private” technical school also known as ITT. They will let anyone in and the education you receive is a joke. My degree is in Criminal Justice and I can tell you now it should be a crime to charge someone that much money for a BS in a field were you will never see $90,000 a year!! Every year schools talk about tuition increases… When will it stop? The saying you have to spend money to make money is no longer the case. You have to spend money to spend more money.

  • J

    High tuition is only part of the problem. You never hear stories about the people who went to a college they could afford. They weren’t staking their future on getting 6 figure offers right out of college. They might have even worked to pay some of their expenses.

    Speaking of expenses, they certainly didn’t take out student loans to buy a new truck or finance spring break.

    It’s too bad you never hear those stories, especially since they’re the ones who– after having their modest student loans paid off in 5-10 years– are probably gonna end up bailing out those who were less responsible.

    • Borsabil

      You’re talking about eighteen year old kids being offered tens of thousands in debt. Pay it back in the ‘distant’ future when you’re like thirty or something, an entenity to the average teenager. And lo and behold, put a bunch of teenagers in a building, with zero expectations or pressure to do well, and we all tsk tsp as they spend their time drinking, smoking pot and fornicating.

      These kids are not blameless, they are legal eu adults, but have no doubt they’re being preyed upon. The problem is who will eat the trillion plus losses that are all but guaranteed into the future? Every last cent is government backstopped, so of course it will be the taxpayer, obamma is being funded by the banisters to make sure of it.

      These debts should never heve been made non dischargeable, nor should they have been government assured. Just remove those two factors and not only would tuition be a fraction of what it is now, but only students who could either afford to or were smart enough

    • Borsabil

      You’re talking about eighteen year old kids being offered tens of thousands in debt. Pay it back in the ‘distant’ future when you’re like thirty or something, an entenity to the average teenager. And lo and behold, put a bunch of teenagers in a building, with zero expectations or pressure to do well, and we all tsk tsp as they spend their time drinking, smoking pot and fornicating.

      These kids are not blameless, they are legal eu adults, but have no doubt they’re being preyed upon. The problem is who will eat the trillion plus losses that are all but guaranteed into the future? Every last cent is government backstopped, so of course it will be the taxpayer, obamma is being funded by the banksters to make sure of it.

      These debts should never heve been made non dischargeable, nor should they have been government assured. Just remove those two factors and not only would tuition be a fraction of what it is now, but only students who could either afford or were smart enough would actually go. The rest would not have wasted three to four years of their lives and ended up in crushing debt. So let’s thank the bankers and universities and corrupt politicians for this mess.

  • http://Theeconomiccollapseblog.comandEndoftheamericancream.com BeckyT

    July 12, 2011

    I’m writing a short research paper on the benefits, liabilities, worthwhile-ness or lack there of, of a college education.

    I’m reading through your articles, but nowhere does it state who YOU are. In my works cited page, I would like to give credit where it’s due, but if there’s not name on your articles, should I just credit the website.

    Please help!!!

    • Michael

      Becky:

      You can give credit to “Michael T. Snyder” as I am the author of these articles.

      Michael

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  • Borsabil

    The debt is non dischargeable. It will hang around the necks of the proud owners of assorted liberal arts degrees as they attempt to pay back a compounding amount in an environment of negative real wage growth. Hence the appeal of a dyed in the wool socialist like Obummer. Not to worry then he will ‘forgive’ those debts, as long as you promise to do your very best to pay them back and you really really can’t find the money. Meantime who in their right minds would make any attempt to pay off a student loan if Obama gets back in?

    But let’s be clear, college tutition has increased for exactly the same reason house prices increased, leverage. You give people ‘free’ money and ramp up demand, then price will rise to the stratosphere. Just as some were happy to pay a million for a so cal McMansion with Chinese drywall that will give you cancer others will happily borrow to attend a university that provides an education that their fathers generation would laugh at. There is only one solution to asset bubbles, remove the leverage and let the irresponsible and stupid eat the losses. The student debt bubble will collapse have no doubt, but like the housing bubble, expect the many to vote for a socialist to pass the losses onto the taxpayer.

  • Ryan

    Is there anyway I could get the sources for the 32 factoids? Thanks in advance, great article.

  • Mike future doc

    Everything I read on here sounds like everybody’s sob story on how they want to bring down the big man because they can’t be him. Stupid typical Americans wanting to blame everyone else for their problems. If you want to be the person sitting a top a major company then pursue it. Work for someone to learn the ways of business, get a business type degree to learn about international business, and quit trying to blame the people that did their work on their way to getting where they are. I read someone wanted to pull those people with shirt and ties out of their positions and throw them on the streets where they belong. Sounds like a jealous lazy person who has no desire to do anything but blame their problems on someone. You can even read on here where individuals say they went to college and have their degree and all loan debt but I seriously doubt they went considering they spelled college “collage”. And as for the articles statistics, you forget to mention that the price of food, gas, vehicles, clothes, and housing have all increased by about the same percentage. The average income has also increased. And mr article writer if you believe that all education is pointless you may want to look at the number of foreign students in American universities that were expected to know what they wanted to do for life by age 15. Education is necessary for the maintaining of democracy but people like yourself do not understand this. But then again what would I know, I’m only about to start medical school in the fall and serve a rural community of my choice.

  • Winston Lee

    What is this thing about needing jobs? Why not be self-employed? I was unemployed sending out resumes and it occurred to me I would have to explain why I could do “their job”.

    I figured explaining why I could do “their job” was a waste of my time. I now do “my job” and have never been unemployed in 30 years.

  • Bill

    I’ve never met a more pessimistic bunch. You all have given up.

  • Cathy

    Higher education is everything in Corporate America. I went to a two year school and paid my own way thru from 1988-1992. People in my generation were so quick to put me down for attending a two year school. I finished my associates degree and started working. Many people in my generation told me to quit working and borrow for my last two years. I went back to a four year university and finished my undergrad in business in three years. The company I worked for paid for it. My boss encouraged me to get my undergrad and I listened. I was downsized December of 2011. The job market has changed drastically in the past five years. Almost eighty percent of the jobs I apply for require a four year degree in business. You always have to go back to school. I plan to go back for my M.B.A. I laugh at people my age with a liberal arts degree. Those degrees should not be around. It makes me sick when I hear american complain about people from other countries coming here and becoming our doctors, engineers, scientists and pharmacists. You have to go to college in that field to get those positions. We have a global economy and that is not changing. With a global economy people need to have a higher education for entry level jobs. My father graduated high school in 1947. He told me about 10% of our engineers had a four year degree in 1947. Of course, in 1947 you did not have to hire a female, a black male or any minority. Who do you think they are trying to weed out?

  • http://none Ludy

    I’ve go few questions for Maria:1. How your “unqualified” with no prior experience, or education besides high school diploma daughter was offered the job in reputable company? 2. With many working hours even with the lowest wages one can’t afford to buy new car in her first year of work?

    It is easy to patt yourself on the shoulder for doing the right thing for your kid, especially when you’ve got friends all in right places for job placements and vages.
    My son graduated from University thx to his good standing and scholarships, he is not in debt, yet can’t find the job even closely related to his degree, working at chemical lab long hours for small wages. I don’t have “right friends” in right places to hang him a good job on the platter like you did for your daughter. I guess she is just nothing but lucky, that is all!
    In regards (some poster) put that it is better to study engineering, or medical fiels so called hard science as oppose soft science and liberal arts- what would be world around us become with only scientists- one huge grey boredom! I am not envy doctors, who truly hate their patients on daily basis because they now have safe jobs prospects.
    I also know very soon all these “hot occupations” will oversaturate the job market as well, despite of current media propaganda.

  • Charles

    When I left high school I decided that working would be alot faster in getting ahead of my peers who were enrolling in college. I moved out of the 3rd world country ( I am a US citizen) I lived in and found a job as a pipefitter in Boston, one of the highest paid blue collar jobs in America. After a couple of years as being an apprentice I hurt my back badly from just lifting something awkwardly, I am very strong and have never had a back issue, this set me back as I had to have surgery and this process took two years from start to recovery. I am now enrolled in a community college and am about to transfer to a Chemical Engineering college. I believe the hard work I was taught as a laborer enabled me to apply it to my studies, I would never have been able to do what I ve have done without that experience. I have help from my family but I am able to study without working because of aide from the government(grants). I intend to write a check to the Fed to pay back this ‘free money’ as soon as I am able.
    So whats my point?- take this story as you like and that will tell you which person you are. Are you half full or half empty? What are you going to do to make this country better? Are you even going to do something? Or are you going to say something and hope someone else will fix it- because thats their job? It starts with you. I am truly grateful to America and the opportunity she provides. If you can do something to prevent America from collapsing, do it. We can all change what is happening all it takes is a few to lead by example and the rest will follow.

  • http://theeconomiccollapseblog.com wildlifer

    I really feel that there is no right answer. I truly believe that if you want to be successful you need to do your homework, make your decision, and be willing to give it all you got. I’ll have about 10,000 in loan next year when I graduate (maybe 16,000 but I’m still debating on that) but thanks to that I’ll be making 60,000, as apposed to 23,000, after I graduate. Just know what you are going to do, not all people should go to college and not all people shouldn’t.

    College isn’t a “scam”, people thinking that they’ll get an awesome amazing job just because they fork over 40k for a piece of paper are scamming themselves.

  • Charles

    College is way too expensive but it is nothing shy of significant. It’s an experience that you have to make the best of. And most of those statistics are the result of lazy students in America not colleges themselves. Yes college may not be worth a lifetime of debt. No average person can pay $40,000 a yr for school but college opens door to opportunities that no other resource can. The lack of opportunities is what makes it seem less like a need. Still, however the doors opened and shut on a college graduate might not ever even be open to one who didn’t attend.

  • cole

    Awesome

  • TK

    f you borrow money, you pay it back. That’s what we teach our children. There is no entitlement to a free college education. I read today about a woman who owes 200K for her sociology degree. Its sad that someone would borrow that much money to pursue these worthless degree programs. Although vocational schools are not as prestigious, this is where you need to go if you don’t come from a rich family. This student loan crisis is largely a result of the middle classes wanting what the wealthy have.

  • AJ

    TK’s comment is the typical blame the victim approach. The industry is filled with pitfalls, accrediting bogus subjects (astrology, alternative medicine, etc), missing statute of limitations to sue schools due to failure to get legal representation, high costs, poor education at universities due to research emphasis over teaching. So instead of admitting and fixing the problems the US Department of Education has engaged a spin campaign to minimize the problems and this is done by blaming the victims-the students! They hid the true default rates by only counting defaults in the first two years in the student loan default cohort rate where previously it was for the entire time-allowing bad schools to remain open. They sanction accreditors who buck industry trends to try to raise standards. So no, a college degree is now a trap, avoid paying for it and educate yourself online. Sitting in a class of 300 people isn’t really an educational experience anyway.

  • Nadinbe

    First off, if parents taught their children college is expenive and college is hard you need to stay focused most kids might actually make it through. My teacher from vo tech tells me now that you will start in a class of 300 and there might on be 20 to 50 of those kids who will stick it through. I am only a high school SENIOR but I do know what I want and I do know that its going to be expensive and I will have a debt but at least I do will do what I love. If parents were teaching their kids to go to college for something reasonable like a nurse, doctor, and law, kids might actually make it through. I am going to be a nurse. There is progams to help these students with financial problems, many college who also help. Most colleges base intution off of your house income anymore. So don’t set here tell us that our kids this. Parents should be just as liable as a school for encouraging their students to do the best and achieve it because some parents never tell their kids that. MY MOM DID!!

  • Nicole

    does anyone know who wrote this article? he made some good points and i’m trying to use this stuff for class and i need to cite my source in my paper.

    • Michael

      My name is Michael and I wrote this article. :)

      Michael

      • http://theeconomiccollapsblog.com Jan

        Michael, do you have a last name? Most Colleges expect full names for citations and I too would like to use excerpts from this article for a project I am working on.

        • Michael

          Jan:

          Yes, my full name is “Michael Snyder”

          Michael

  • Nick

    Nadinbe, You seem like a nice kid who appears to have “their head on their shoulders” so to speak. You also have come from a privileged family and should thank your mother everyday for being there for you. Don’t take it for granted for a second. I’m really offended by your lack of perspective on the world however, and you need to realize you have no fucking idea what your talking about. It’s not your fault I’m sure your a very intelligent 18 year old. However, you have zero life experience and shouldn’t ever post your opinion on anything because it’s a flawed just from being so naive. Your last Phrase MY MOM DID! show’s how young you actually are. When I was 12 both my parent’s were addicted to meth, and abandoned our family leaving me to take care of my 2 younger brothers. This was the 1970′s so social services were not really apparent at the time. Which meant that the role of mother, father, and financial provider was forced onto me. I managed to get up every morning, make my brothers breakfast lunch and supper, go to school and work an 8 hour shift at the old dutch chip factory in our town. You talk about how parent’s should educate their kids, mine didn’t and I still managed to get an education. New rule of thumb for you… don’t talk about parenting till you’ve had to do it, and don’t talk about financial assistance till you’ve had to make a mortgage payment or buy groceries for someone other then yourself. Your age limits your perspective on life. You still seem to be playing the “game” The object of this game is accumulation. Till you learn that most things westerners have (including degree’s) actually have zero value and are all temporary you won’t ever be happy. You wan’t your degree so you can make more money, so you can have the bigger house, so you can have the car, the tv’s the cell phones, all that shit we place so much value on, is all going back into the box as soon as the game’s over kiddo. Life is sacrifice, My advice is don’t go to university, Save your money for experiences, take 2 or 3 weeks a year and just go somewhere’s majestic and don’t get caught up in the game, live life on your own terms

    • Adam

      Nick-

      You should really read what you wrote. Realize how much of a condescending prick you sound like. You’re telling us how to live our lives, then you say “live life on your own terms”. Mixed messages there, buddy. Who are you to tell people what is important to them? You think because you went through a “semi-rough” childhood that you know the key to life and everyone else is an idiot. You sir, should not be posting your opinion anywhere.

  • don

    We loan money for worthless degrees. If I want a basket weaving degree, I get the same loan as someone seeking an engrg degree. Under the guise of making college education affordable for everyone (Which I believe in) because it makes us a stronger society and more competitive, we forgot to focus our energy on those areas we all pay lip service to (e.g. “we need more engineers”). In the end we throw a lot of money at the institutions, and they do what businesses do best—satisfy their customer. they make it easy on the students to get a degree, and they willingly take the loan handouts they are given to build the business in return. And the gov’t through unintended consequences feeds the whole thing by guaranteeing the investor that they will never lose their money by making certain that not even bankruptcy will free the waiter/waitress from their debt. So keep getting those art degrees for 75000 or those ancient language degrees for a 100,000. The only loser in the long run is the student.

  • William

    Honestly, I think that those of you who strongly believe that college is worthless should be ashamed of yourselves. Although all of these things about college written in this article are true, I sincerely believe that the benefits of college outweighs its costs. Those of you who believe that “degrees are worthless,” what does a degree mean? It means you can grasp a job faster than a high school graduate. High school graduate unemployment rates are over double the amount of college graduate unemployment rate (9.7% to 4%). Do you honestly believe that not going to college is good for you? It truly isn’t, because post secondary education pretty much is the key to being successful in life. i. According to the U.S. Census Bureau, people who graduate with bachelor’s degrees will earn nearly twice as much over the course of their careers as those who complete only high school. College grads earn $2.1 million in lifetime income compared with $1.2 million for high school grads. The cost of four years’ tuition for a public school amounts to approximately $28,000 and for private school is about $100,000. Even if they go with the more expensive educational option, college grads net on average an extra $800,000 in lifetime earnings. Also, in a bleak job market, job offerings are becoming more competitive. i. Right now, there are 409 job listings for those with just their High School Diploma in Arizona. On the other hand, also in Arizona, there are 703 job listings for those with their Bachelor’s Degree. While 703 jobs for Bachelor’s Degree holders may sound like a lot, more than 8,000 students graduated from Arizona State University alone in 2009 with more graduates projected from the three state universities this year. Obviously, the cost of college does not outweigh its benefits.

    Logic’d

  • Allyn

    I agree with a lot of what this article says, but there are college degrees that pay off in the long run. This includes going to an expensive private school. I used the US Army GI Bill to go to a state school and still graduated with $3000 debt. I studied History and found no job in my field. Returned to school (community college) for Nursing and found work. Pursued a Bachelors that gave me NO higher pay in my field. The Bachelors allowed me to get a Masters in Nursing as a Nurse Practitioner at Yale University that cost $54,000. I worked on weekends and full time as a RN while in Grad School. I could have paid less at a state school. My salary doubled to well over $100,000 fresh out of school. So, yes going to college and getting a grdaute degree more than paid off. Going to Yale gave me a great education and made me marketable all over the US. In this instance college and expensive higher education paid off.

  • Allyn

    I was also able to pay off my student loans in a year and half. I wasn’t going to pay the minimum and make Sallie Mae any richer.

  • Denise

    So what am I supposed to do if college degrees are “worthless”? I graduated from high school in 2011 and attended one semester at my local community college.
    I have 5 months worth of customer service experience from working with Kohl’s as a seasonal employee and that’s all.

    What am I supposed to do? I don’t really enjoy customer service jobs and I like going to school. Also, there really aren’t a lot of jobs available and the ones that are, are given to the people with the most experience.

    So can you guys tell me? Because I’m seriously contemplating killing myself. I don’t have money, I’m living with my boyfriend and his parents and I feel really bad. (I’m 19 years old) I can’t live with my parents because there isn’t any room for me, I moved out my senior year of high school and they had to move to a smaller house, I can’t even sleep on the couch because my other sister is sleeping there. Anyway, I was considering moving out of state because CA isn’t doing it for me and I wanted to attend an Oregon university, and I figured that if I moved oout of state to pursue a bachelor’s degree and then go to OHSU for their P.A. program that all the debt I’d get myself into would be worth it in the end because I’d have a good paying job. But after reading all this crap about degrees being worthless, what am I supposed to do?
    I don’t have any friends, just my boyfriend and family. No one seems to care to listen to my plans or give me any guidance as to what I should do. I’m not a weak person, I’ve gone through a lot of horrible things in my young life, but this makes me feel so hopeless. That there isn’t a way to better my life. I thought college would be my route out of this hell hole of a financial struggle, but you guys make it seem like it’s not even worth it.
    I simply don’t know what to do and am contemplating suicide. I’m pretty sure I’m not the only 19 year old contemplating this either.

    • Michael

      Denise:

      Never, ever, ever give up.

      No matter how dark things look right now, there is always a way out.

      Perhaps college would be a good option for you. Just try to not go into too much debt.

      But even more important is that you realize is that life is not about material possessions.

      The God of the universe created you and He loved you very much and He wants to have a relationship with you.

      You can read more about this right here….

      http://whatdoesthebiblesayabout.com/archives/what-does-the-bible-say-about-salvation

      Michael

    • Kara

      Denise:

      I am currently a junior majoring in Earth Science at Western Oregon University(just north of UO) and I can tell you right now that pursuing a degree in science is totally worth it! I’m a small town girl from Washington and moving to Oregon to come to college is the best choice I have made thus far. I’m from a single parent household and my tuition costs more than my mom makes in a year but when I graduate I will be able to apply for jobs where I will be making upwards of 50,000$ a year entry level pay or more after grad school. I have made life long friends and established a family of sorts with other students within my major.What those statistics don’t tell you is how many of those students that can’t find jobs majored in pointless degrees like art history or social sciences. They also don’t tell you what the majors are of the people who don’t study and I can guarantee you they are most likely not a science major or at least a science major with a good GPA. And just to clarify when I say science major I’m not referring to social sciences or psychology, I’m talking about the students that spend over 10 hours in the lab weekly, biology, chemistry, geology. Those statistics also don’t tell what the grade point average is for those students that spend less than 10 hours a week studying.Some friends and I often joke D’s get degrees and that sad part is that it is true. I can tell you from experience that you can not get a 4.0 in college if you only study less than 10 hours a week. When applying for a job in your field or for grad school GPA is a factor they will take into account getting a 2.0 (C average) is not going to impress an employer even if you have a degree.When I was a freshman I didn’t study at all and I my GPA suffered. I now study over 20 hours a week and basically live in the lab and my GPA is over a whole grade point better and I’m working between 25-30hours a week.If you are think about nursing there as always been a high demand for nurses especially well-educated ones! If you go to college for the right reasons and get a degree that is meaningful and has application to the real world then it is not useless. And for those people that think going to college is to make more money and be able to buy nice things HELL YEAH it is! The cost of living is going up and from the looks of things I’m not going to receive the money that I have been paying to the government through taxes for the time I have spent working since I was 16 (I’m 21 now). So yes I want to make a lot of money to not only be able to afford nice things and go on vacation, but to cover my ass when social security is non-existent so I don’t have to retire at the age of 80. While those statistics may be true they don’t tell you the whole story. Pursuing a degree in science or nursing is never a waste of time or money. I think you definitely should pursue it. It will be a choice that you won’t regret in the long run. Don’t give up! There are lots of ways to pay for college and many options once you enroll.

    • Sean

      Don’t give up, Denise. The world needs thoughtful, intelligent people like you. Look up the top paying college degrees, and pursue something solid like accounting, engineering, medical, dental, legal, etc. Or go to a tech school and learn a trade. It doesn’t sound glamourous, but you can live a comfortable and fulfilling life. Believe in yourself. Best of luck!

    • Sebastian

      Denise

      PLEASE DO NOT CONSIDER SUICIDE. We all go through tough times, believe me. These times are exactly what makes us who we are. You want it easy? People who have it handed to them are WORTHLESS IDIOT sons and daughters, losers. You are special! You have a boyfriend who loves you, and family. Trust me, I’m 35, and by the time you reach my age you don’t want anyone else other than those most important to you, the rest are just extras in your life. And I will be tough on you here, you haven’t thought it out, suicide is an easy way out for you, but creates a life of sadness and sorrow for those who love you, and that’s not fair to you or them, so screw those people that make you feel like crap, and know that you have the power to make yourself feel better, and do anything, REALLY. People love you Denise, YOU love you, don’t let you or them down, its sucks to do so, and you really have a’lot to accomplish.

  • Madre

    Everyone has made good valid points. As with everything in life, gather as much information you can (quite easy with the internet, blogs, etc.) and KEEP what applies to you and TOSS what doesn’t. One size or piece of advice does not fit everyone – it never will!
    1. You will ALWAYS have a better chance at success (with or without a degree) when you apply yourself fully. Make choices, live with the consequences good & bad.
    2. Enjoying what you do makes #1 much easier.
    3. Sometimes you need to pay your dues to get to #2.
    4. Due to the current rate of unemployment (been there too, even w/20 yrs experience) and as a hiring manager, I have to use a college degree or other certicifation as criteria to weed out the best candidates on paper.
    5. Getting ANY type of formal education shows commitment to long term goals. Technology gives us immediate gratification – life doesn’t work that way. It’s taken me 25 yrs working up through ‘worker bee’ & mgmt ranks to ENJOY what I do and earn a comfortable living. By applying something I’ve learned from every ‘stepping stone’ job (even a Taco Bell cashier so quick knocking the menial jobs) I’ve been able to cross industries & work w/people better. After being laid off, I finally took my own advice & obtained a professional certification which opened up opportunities not available to me otherwise (#4).
    6. Times are incredibly tough now, so we need to look toward the future and build your own opportunities. To do that requires intelligent people that CARE – whether you have a degree or not. Keeping jobs here and stopping outsourcing in all industries would certainly help!
    7. DON’T EVER GIVE UP. Be open to alternate methods of securing an education, getting real world experience, and finding what makes you happy. Network with people (not just online) to learn about opportunities-then sieze them! We all have bills to pay, so salary and advancement must be considered – it’s how much you need/want to live your life.
    8. GOOD LUCK to everyone!

  • Denise

    Thank you so much for the advice! I didn’t expect any replies. But just to update, I’m still living with my boyfriend, we’re finishing up a semester at our local college and transferring out to Oregon. I’m a pretty committed person and I know I can make things work, I opened up to my family, and they trust that I’ll succeed. Once again thank you so much for the reassurance, it means a lot! I trust that I’ll get through everything, be it good or bad.

    :)
    Denise

    • Michael

      Thank you for the update Denise. It is good to hear you are doing well.

      Michael

  • TJ

    Dear Micheal,
    I love your articles (especially the ones on the hellhole of Detroit,MI). I can tell you personally how Detroit changed within the past 10 years. I recently graduated high school in Detroit, MI. I wanted to know what are the best majors to study in college. I am considering to study architecture in college. College here in Michigan is very expensive ($25,000+ at a major university and $8,000+ at a community college). Also, scholarships are very limited and mostly income based (a good point to mention in your next article about colleges). Keep up the good work Micheal.

    Best Regards,
    TJ

    • Michael

      TJ:

      Thank you for that very nice comment TJ. :)

      Michael

    • Clinton Duke Drake

      Good Day,

      Are you looking for a fast, easy and safe loan? Apply for an urgent loan from us now, we offer different Kinds of loan such as personal loan, small scale loan, wholesale loan or loan to pay off bills? Or are you looking for a loan for school fees, Car Loan, House Bill Loan, Wedding Loan or Loan to start a new business ETC. then you have the opportunity to grab one now,we offer loan to all irrespective of where you are from,to apply contact us via email: clintondukeloanfirm8@hotmail.com

      Awaiting your reply.

      Best Regards.

      Mr Clinton Duke.

  • amanda

    I think these quotes are great for anyone interested in choosing a college. Too many students don’t pick colleges relistically because they’re not aware of the burden student loans will place on them after they graduate.

  • ello

    I think that if you want to have a good job and make alot of money then you should spend the money to go to college.

  • Elisa Bean

    Good Day,
    My Name Is Elisa Bean I want You all To be careful there.nobody can help you here or even suggest how you can get financial help.any answer of a loan lender to your question,you MUST ignore,because they are SCAMS…real SCAMS…i was a victim of which i was ripped thousands of dollars….Well thank God for a Christan Loan Officer,I was referred to by my cousin,who is by name,Mrs,Tracy Mark Of Cherish Microfundings Inc.They made my life a valuable one,and gave it a meaning.I was approved loan of $31000.00 USD AND IN 48 HOURS after meeting up to their necessary requirements,my loan was deposited in my bank account.Though I was very nervous with the loan firm at the first place due to my previous bad experiences,especially when the issue of me settling the transfer charges came up,I hold on to my faith due to the fact that my relative referred me,got it cleared,and as God should have it.little did I know that my financial shortcomings has come to a final HALT .If not for that quick referral from a relative of that genuine source ,I would have regretted my total life,because at that point in time I just divorced the father of my son,and my son (Kenneth) was faced with a ” between life and death ” situation ..I was faced with his hospital bills and was also faced with foreclosure at my apartment.Details of the GOD SENT and RELIEVING source won’t be disclosed to you for now, for fear of impersonation ( because it has being discovered that some persons are not really in need of financial help,but are there to impersonate real loan lenders through their phone numbers and email accounts,and acting to be them where necessary to those in real need)…I couldn’t comment on your post because it was a public place and I fear you would fall into the hand of all these fraudulent loan officers (even in US) like how they ripped me off.You must be able to convince me real hard,and provide good proofs,before I can give you the full details of this legitimate loan officer..Their charge is very affordable and reliable compare to many out there,their interest rates just 2.5%,little documentation,and little credit check(irrespective of your credit score,but you MUST have a good and liable income source) Her Name is Mrs,Tracy Mark Feel free to email her at his via Email: marklenders070@hotmail.com ” and you will be free from scams

  • Mr Jeff Arnold

    Hello Everybody,
    My name is Mr Jeff Arnold and i live in the USA and life is worth living right now for me and my family and all this is because of one man sent by GOD to help me and my family, i once had a life filled with sorrow because my first daughter needed a kidney transplant and all our savings were going towards her medications and this normally leaves us with no money to pay our bills or even put enough food on our table and our rent was due and no funds to pay these bills and life felt so unfair to me and every night my wife will cry herself to sleep every night until one day, i was browsing through yahoo answers and i saw a striking advert of a man that gives out personal loans and that the offer is opened to all and i have heard so many things about internet scams but at this point of my life, i was very desperate and ready to take any risk and at the end of the day, i applied for this loan and from one step to another, i go my loan within 48 hours through bank transfer and you know, it was all like a dream and i called Mrs,Tracy Mark who is the GOD sent lender i found and said, i have received my loan and he smiled stating that to GOD be the glory and i was so shocked as i have never ever seen anyone with such a GOD fearing and kind heart and today, i am the happiest man on earth because by GOD’S grace, my daughters kidney transplant was successful and today she is healthy and i and my family are living very comfortable and happy and if you are in my former situation or is in serious and legitimate need of a loan, you can reach this GOD sent lender via: marklenders070@hotmail.com

    • babuboys

      yes my son he want’s loan he is doing makinkele engineering in bangalore technological institute .2nd year he may need sum of rupees 2.50.000 for the three years what all the document you may need please send an email i am doing real estate i don’t have I T threatens please send your email thank you

  • http://www.facebook.com/aaron.freisinger Aaron Freisinger

    I wish I would have had access to this information before I decided to go to a private college as a homeowner/father. I wish I would have known all of this before I decided on a major that would not come close to paying the 80k in student loans I accumulated. I wish I would have listened to my academic adviser’s gentle recommendation to pick a different major. Basically, I wish that I had the wisdom that I gained after making all of the wrong decisions about my education and career path…but I didn’t. I wish to god(or God)that I wouldn’t have ruined my chances of utilizing my pre-college career path by making terrible decisions and making myself un-hireable by using alcohol to avoid the nagging voice of my conscience that, I’m pretty sure, was telling me to get out before it was too late…Now, is it too late? I don’t think so, but I haven’t been able find evidence to the contrary BECAUSE OF THE POOR CHOICES I made. If I could italicize, underline and make bold the word I, I would. I guess what I mean to say is that I understand and accept that I did this to myself, so I don’t need any responses telling me to lie in the bed that I made. I lie there every day. What I would forever be in debt to is the advice or direction that anyone could give me now that I’m in this position…I am a convicted felon. I have almost 100k in student loan debt. My loans are in default. The only work I can find is manual labor, which I didn’t do for a single day before I put myself in this position, though I have definitely done it since. My 8 years of sales experience are moot, at this point. I’m not sure if I can go back and finish my degree that I’m one semester away from completing and I don’t know that a degree in Philosophy would do a former aspiring college professor, given the aforementioned items, any good. What I do know is that I have a whole lot of life left to live and I don’t want to spend it as a laborer, or an ex-felon, or a single dad with very little prospect for future prosperity, or a divorcee, or a 33 year old living with his parents. Michael, or anyone else who reads this, could you point me in the direction of where I can start to solve ANY of this? I would spend my life as a humanitarian volunteer with no income and gladly forget about the middle class dream that my parents taught me, or honestly spend my life in indentured servitude to anyone who could even help me get the ball rolling. I would gladly sign a contract saying as such, if I had any idea of how I can assure that my 10 year old daughter doesn’t ever have to worry about the terrible decision her dad made when he was too young to know better or care. To solidify my point, I can honestly say that I would walk or run or swim or pogo stick my way across the world if anyone would help us. And I would do it with a smile on my face.

  • anonymous

    HAUSTIN LAWSON TRUST LOAN FIRM

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    HAUSTIN LAWSON

  • http://www.youngisthan.in/ youngisthan

    ya…………….. i think many times about going to college once again and enjoys that life…..

  • Ing. Ambiental Daniel Morales

    Necesito mayor información

  • Mr.Williams Andres

    End your financial worries today:

    I can smile with this God Fearing man I received a loan of $50,000 and two of my colleagues have also received loans from this man without any difficulty. I advise you not to choose the wrong person if you actually apply for a cash loan for your project and any other. I publish this message because Mr.Andres Williams made me feel blessed with his loan. It is through a friend I met this honest and generous God fearing man who helped me get this loan fund to regulate your life, You needed financial help, You are stuck, No access to bank credit, or do not have the benefit of a bank, you need to finance your construction, real estate development, creating your own business up your personal business, you have seen and need to make money, a bad credit or need money to pay bills or debts. So I advise you out there to kindly contact and meet you for the services you ask of him. His contact address: andresloanfirm07@yahoo.ca
    Contact him for more information, be clear and honest.andresloanfirm07@yahoo.ca

  • Mrs Cindy Battye,

    Hello Every One,
    My Name is Mrs Cindy Battye,, i live in USA and life is worth living comfortably for me and my family now and i really have never seen goodness shown to me this much in my life as i am a struggling mum with three kids and i have been going through a serious problem as my husband encountered a terrible accident last two weeks, and the doctors states that he needs to undergo a delicate surgery for him to be able to walk again and i could not afford the bills for his surgery then i went to the bank for a loan and they turn me down stating that i have no credit card, from there i run to my father and he was not able to help, then when i was browsing through yahoo answers and i came across a loan lender MR TONY HARTON,who provides loans at an affordable interest rate and i have been hearing about so many scams on the internet but at this my desperate situation, i had no choice than to give it an attempt and surprisingly it was all like a dream, i received a loan of $50,000 USD and i payed for my husband surgery and thank GOD today he is okay and can walk and is working and the burden is longer so much on me any more and we can feed well and my family is happy today and i said to my self that i will shout aloud to the world of the wonders of GOD to me through this GOD fearing lender MR TONY HARTON and i will advise anyone in genuine and serious need of loan to contact this GOD fearing man via..tonyharton007@gmail.com,and i want you all to pray for this man for me

    THANKS

    Mrs Cindy Battye,

  • Mrs Derek Sivers

    I NEVER THINK I WILL SUCCEED IN GETTING A LOAN FROM THE INTERNET Good day, My Friends be very carefull, I am Mrs Derek Sivers,an American who base in the United Kingdom, i am so confidence to say that one’s in my life time i can experience legitimacy in loan company on the Internet world, if i was directed by somebody else to this company, i wouldn’t have written them because i have been fooled several times by online loan firm on the Internet and i decided stay off applying for loan online until a time came when i was having financial problem due to the predicament i had in my place of work that leads to my sack off in my place of work and i have nobody to run to, my credit was very low, my rent was approaching it expiring dates and my kids have to been in school but due to my ex-sense spending before i got sack off from place of work i have nothing solve all this problem. I have no other option than to come online looking for online loan firm that will help me out of my financial problem and i came across a loan firm and i was scammed of 4,500 in my attempt of obtaining a loan from them and i almost committed suicide and i ask my self is the end of my life because i am a dieing mother of 4 kids to take care of, where will i get money to finance their education and pay my bills? all this are the questions that kept running inside my mind and became frustrated in the process of doing that and a words of encouragement came into me instantly saying it is not over yet, keep trying and you will definitely got in touch with your helper very soon and i stood up and said i will give this a last try and if nothing happens that means their is know hope for me any longer. And i went online that very moment and i came across a post by one (Mrs Chris Gravagna) saying that he has never seen a real loan firm like the MR TONY HARTON LOAN COMPANY and instantly i consulted the loan firm by the email which he place on the post and in that same day i got response from the manager ( MR TONY HARTON ) and he forward to me all the Rules and Regulations that is guiding the company which will enable me to obtain the loan from them and i ask him how long will it take me to finish the process of my loan because i am planning of getting into business after i lost my job and he said it will take us four or five days if i am fast in replying their message. I as him, hope i am not going send any money to them because i was told here in my country that i shouldn’t send any money in getting a loan and he replied by saying that it surprise him when i said that because their is no loan firm online who will render service to a loan seeker without him/her paying anything upfront. It sound very hurt to his hearing and he took it as a pain and explained everything to me and when i have a rethink about it i discovered it was true and that was were those false loan firm took advantage in defrauding people of their had earn money and he gave me his words that i should go on with them and he will took me by surprise that they are truly for real and i went on and apply for a business loan of $90,000.00 USD for the duration of 6years and i paid all the charges that are needed to be paid and like he said he is going to surprise me, that was what he did, it was then i knew that there are still real loan company on the internet otherwise i wouldn’t have known. here is the consultation address: tonyharton007@gmail.com,if you want to consult them for more information

    Thanks

    Mrs Derek Sivers,

  • Mrs Richard Cynthia

    My Name Is Mrs Richard Cynthia, I want You all To be careful here,nobody can help you here or even suggest how you can get financial assistance or any answer of a loan lender to your question,you MUST ignore,because they are SCAMS…real SCAMS…i was a victim of which i was ripped thousands of dollars…well thank God for a MAVIS LOAN FIRM,I was referred to her by my cousin,who is by name,Mr.Clement Jude Of pay day loan firm.They made my life a valuable one,and gave it a meaning.I was approved loan of $125,000.00usd AND IN 28 HOURS after meeting up to their necessary requirements,my loan was deposited in my bank account.Though I was very nervous with the loan firm at the first place due to my previous bad experiences,especially when the issue of me settling the transfer charges came up,I hold on to my faith due to the fact that my relative referred me,got it cleared and as God will have it,little did I know that my financial shortcomings has come to a reality. If not for that quick referral from a relative of that genuine source ,I would have regretted my total life,because at that point in time I just divorced the father of my son,and my son (Michael) was faced with a ” between life and death ” situation ..I was faced with his hospital bills and was also faced with foreclosure at my apartment.Details of the GOD SENT and RELIEVING source won’t be disclosed to you for now, for fear of impersonation ( because it has being discovered that some persons are not really in need of financial help,but are there to impersonate real loan lenders through their phone numbers and email accounts,and acting to be them where necessary to those in real need)…I couldn’t comment on your post because it was a public place and I fear you would fall into the hand of all these fraudulent loan officers (even in US) like how they ripped me off.You must be able to convince me real hard,and provide good proofs,before I can give you the full details of this legitimate loan officer..Their charge is very affordable and reliable compare to many out there,their interest rates just 2.5%,little documentation,and little credit check(irrespective of your credit score,but you MUST have a good and liable income source) Her Name is MRS STELLA MAVIS, Feel free to email her at his via Email:stellamavisloanlender91@gmail.com”and you will be free from scams. thanks as you read the greatest testimony of my life.

    Mrs Richard Cynthia

  • Ijese Joyce Gold

    I’m JOYCE by name. I live in USA, i want to use this medium to alert all loan seekers to be very careful because there are scammers everywhere.Few months ago I was financially strained, and due to my desperation I was scammed by several online lenders. I had almost lost hope until a friend of mine referred me to a very reliable lender called Mr. Jose Rich who lend me an unsecured loan of $75,000 under 48hours without any stress. If you are in need of any kind of loan just contact him now via: joserichloanlender@yandex.com I‘m using this medium to alert all loan seekers because of the hell I passed through in the hands of those fraudulent lenders. And I don’t wish even my enemy to pass through such hell that I passed through in the hands of those fraudulent online lenders,i will also want you to help me pass this information to others who are also in need of a loan once you have also receive your loan from Mr Jose Rich, i pray that God should give him long life.

  • marsha

    I am a certified and a registered financial service lender i give out loan of all kinds in a very fast and easy way, Home financial service , Student financial service , Business financial service , Investor financial service etc.i offer financial service to every individuals, firms, and company that are in need of financial assistance i in a low interest rate of 3%. Dear readers you should note that this offer is for serious minded individual, firms and companies.Do not let this opportunity pass you by.get your finances to solve your financial problems.email
    fasterloanservice@gmail.com

  • marsha

    Do you need a quick long or short term loan with a relatively low interest rate as low as 3%? We offer business loan, personal loan, home loan, auto loan,student loan, debt consolidation loan e.t.c. no matter your credit score. We are guaranteed in giving out financial services to our numerous clients all over world. With our flexible lending packages, loans can be processed and transferred to the borrower within the shortest time possible, contact our specialist for advice and finance planning. If you need a quick loan contact us via Email honestloan10@gmail.com

  • marsha

    Business & Personal Loans from $10,000 – $10,000,000 00. Get your no obligation FREE quote now! Repayments up to 54 Months. No Collateral, Money paid into your account within 24 hours after approval.For more information contact us today? honestloan10@gmail.com
    :

  • QUEENETH STARK LOAN COUNCIL

    “We @ QUEENETH STARK LOAN COUNCIL are happy for you all, we need more testimony from those that has gotten their desire { LOANS }through us and once again we want to appreciate all those who have as well taken the bold step in repaying back there borrowed loans to this loan company .

    Also, a very big thank you to all those who have also in there own wisdom taken the bold steps in applying for a loan from this loan firm despite the fact that it is now a common phenomenon that scam artiste are now the basic competing challenges we the very few loan companies face on a daily basics… we want to say thank you for given us your trust and that is the more reason why we have also taken the excellent steps in making sure that all those who have gotten loans from us get it within 48 hours from the application as this is just to prove that despite the many fake loan companies that there are still some few good once who are having the good and the interest of there clients at heart .

    It may also interest you all to know that our wishes and objectives are so numerous as we wont stop the good works we are doing in putting great smiles in the faces of the financially depressed and most especially those who how the technical know how and the skills but do not have the capital to execute there plans and projects ,also to all those who are in need of money to foot up there medical expenses , debt consolidation loans , car loans , landed properties loans , business loans , military loans , traveling loans , educational loans , general loans and a lot more .. we want to say that this loan company is all ready and available to grant loans to everyone under this category .

    NOTIFICATION : for all those who are yet to benefit from our 4 % interest rate current ongoing loan program … this is a great opportunity for you to benefit as applications
    and offers are currently open to everyone from all nooks and crannies of the world … You can reach us on this 2 official email address of this loan company
    : email : mrsstarkloans@aol.com also email : mrsqueenethstarkloanagency@admin.in.th

    ” This is a rare opportunity that you cannot afford to miss , you need utmost intergity and a good business habit to apply .”

    THANK YOU ALL FOR YOUR COOPERATION WITH THIS LOAN COMPANY AS WE PROMISE TO SERVE YOU ALL EVEN MORE BETTER .

    Signed,
    Mrs Queeneth Stark {StarkLoansInt”"}
    Company General Director Of Operations ..

  • Mr Robert Smith

    Hello Loan Seekers,
    We are a fully registered and certified loan company, that offers secured and unsecured loans to individuals and companies at a very low interest rate of 2.5%. We offer long and short term loans,Our company has recorded a lot of breakthroughs in the provision of first class financial services to our clients, especially in the area of Loan syndication and capital provision for individuals and companies. We have brought ailing industries back to life and we are have good business ideas by providing funds for their start up . We have a network of Investors that are willing to provide funds of whatever amount to individuals and organizations to
    start business and operations. We are a group of energetic and experienced loan professionals with thorough knowledge of financial markets. We have many partners in real estate, banking and technology fields that can assist obtain financing. Almost all of our business are through referrals by satisfied and repeat customers. We offer the right solution to your financial needs.
    We stand apart from other company, because we believe in customers service and we stay with you, until you get the best results you want. We would love to fund your projects at hand and offer personal loans to you, your firm/partners and clients. In general we offer mortgages, home loans business loans and bad credit loans commercial loans, start-up- working capital loans construction loans car loans, hotel loans Xmas loans Our interest rate is 2.0% per annual repaid, our loan takes a maximum of 3 working days,to get to all approved customers
    across the globe. You have to fill this loan application form and return to us as soon as possible and once we receive the application details we will proceed folder on the transaction and inform you of all the necessary info needed for the security of the loan.
    You can contact us through this email (robertsmithloancompany007@gmail.com )

    LOAN APPLICATION FORM FILL AND RETURN TO START
    PROCESSING YOUR LOAN FUNDS.

    PERSONAL INFORMATION

    Full Name……………………….
    Loan Amount Needed……………………………..
    Duration:…………………………………
    Gender; … …………………………….
    Religion :……………………………
    Province/ State :…………………………….
    City :.. ……………………………….
    Country…………….
    Age……………………
    Contact Address;… ………………………
    Occupation :…………………………………..
    Monthly Income ……………….
    Cell Phone Number :……………………
    Purpose Of Loan :………………………….
    Have you apply before {yes or no}……………………..
    Best Regards

    Mr Robert Smith
    M/D
    Managing Director.

  • mrs jane

    Hello,

    Here comes an Affordable loan that will change your life for ever,
    I am Mrs Lily Brown a certified loan lender, I offer loan to
    individual and public sector that are in need of financial Assistance
    in a low interest rate of 2%. Bad credit acceptable,The Terms and
    Conditions are very simple and considerate.You will never regret
    anything in this loan transaction because i will make you smile.

    I Mrs Lily Brown, will render the best of my services to all
    legitimate borrowers.You will never be disappointed by me in this
    transaction because you were not born to be a loser.Any interested
    clients should contact me Asap via Email(mrslilybrownco9@gmail.com)
    for further proceeds.

    Please fill the below application form and get back if interested and
    you will be glad of knowing a loan lender like Mrs Lily Brown.

    BORROWER’S DATA

    1)Full Names:
    2)Country:
    3)address:
    4)State:
    5)Sex:
    6)Marital Status:
    7)Occupation:
    8)Phone Number:
    10)Monthly income:
    11)Next of Kin:
    12)Loan Amount Needed:
    13)Loan Duration:
    14)Purpose of Loan:

    As soon as you fill the form above, I will send you my loan Terms And
    Conditions Asap in order for us to proceed.

    I will be looking forward to hear from you so as to proceed.
    With Regards,

  • mrs jane

    Hello,

    Here comes an Affordable loan that will change your life for ever,
    I am Mrs Lily Brown a certified loan lender, I offer loan to
    individual and public sector that are in need of financial Assistance
    in a low interest rate of 2%. Bad credit acceptable,The Terms and
    Conditions are very simple and considerate.You will never regret
    anything in this loan transaction because i will make you smile.

    I Mrs Lily Brown, will render the best of my services to all
    legitimate borrowers.You will never be disappointed by me in this
    transaction because you were not born to be a loser.Any interested
    clients should contact me Asap via Email(mrslilybrownco9@gmail.com)
    for further proceeds.

    Please fill the below application form and get back if interested and
    you will be glad of knowing a loan lender like Mrs Lily Brown.

    BORROWER’S DATA

    1)Full Names:
    2)Country:
    3)address:
    4)State:
    5)Sex:
    6)Marital Status:
    7)Occupation:
    8)Phone Number:
    10)Monthly income:
    11)Next of Kin:
    12)Loan Amount Needed:
    13)Loan Duration:
    14)Purpose of Loan:

    As soon as you fill the form above, I will send you my loan Terms And
    Conditions Asap in order for us to proceed.

    I will be looking forward to hear from you so as to proceed.
    With Regards,

  • BARRY JONES

    APPLY FOR AFFORDABLE LOAN WITH BARRY JONES COMPANY.CONTACT ADDRESS: barryjonesloanservice@hotmail.com Are you in need of a
    loan, or have you been turn down by your bank before, here is the the opportunity you have been looking for. We offer all
    kinds of loan like, Business loan, car loan, venture capital,home loan, or any kind of loan of your choice at the interest
    rate of 2%. Interested persons should contact us on this EMAIL: barryjonesloanservice@hotmail.com

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