Quote:
Originally Posted by
oscardeuce 
Who gonna pay all that "relief" money? You got a stash?
How about some relief for my medical school bills, or my taxes? I agree with you that the President cannot erase passed law with an executive order.
I worked my butt off to earn a BS in Chemistry, then medical school, then residency. No one offered me any relief. I at least had a major in college I could have turned into a real job. In fact I almost became a FBI forensic chemist.
I hear no one whining that the schools charge all that money? These charges are artificially inflated to some extent by the "easy money" of these school loans. See also the home loan crisis. I refuse to get stuck with the bag for someone's education. I was responsible, so should they. BTW I went to public school from day one to getting my medical diploma.
I'm 43 and still paying on my debts.
And since you finished your BA, the annual costs for 30 hours of classes, room, board, and books has increased almost 200%. The average annual cost just to attend a state school in Texas is $15K. Multiply that by 5 years, and you have $75K in bills. That's for ANY degree. I just read an article the other day about how a single college text costs anywhere from $25 to over $200. That's ONE book. And of course, you can't use a previous edition of a book, even if the only changes that were made is 10 sentences on 5 pages. That's because the professor who tells you that you have to use the newest edition is getting kickbacks from the publisher.
But to be honest, I think it's ridiculous to send your kid to a top tiered college the first two years. My daughter is curently attending a local community college to get all her core classes. She lives at home (no room and board), 15 hours costs me a whopping $1500 per semester, and the classes are ten times easier. Once she finishes the core classes, we'll let her attend whichever 4 year college yes can get admitted to in order to complete her degree.
As for your medical school, you got the short end of the stick. The mentality of individuals I know who took the Med School track was, "Yea, I'll be $300K in debt by the time I finish my residency, But I'm going to specialize in Neurology, Plastics, Cardio (pick one), and I'll recoup that money in one or two years." Ooops. Didn't account for Mr. Insurance Provider telling you you're only going to get paid $30 for that office visit, when your normal billable rate is $250. Expecting to get paid $10K for that angioplasty? Sooorry. Blue Cross says they'll only pay you $1,200 for that service, take it or leave it.