Borrowers using student loans for cash, not a degree

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  • OlderGreg USA, CA
    March 13, 2014 5:25 p.m.

    Ooooh, those horrible Capella students -- living on $11,400 as they did year's worth of graduate studies.

  • Winglish Lehi, UT
    March 13, 2014 11:20 a.m.

    I once used a student loan to pay for the birth of my firstborn child. She is worth every penny. I was young and while I did work and did have insurance, the plan my employer offered did not include maternity coverage. You have to do what you have to do sometimes. I paid the loan in full within the first few years of employment in my career.

  • caf Bountiful, UT
    March 13, 2014 7:51 a.m.

    Students who take out loans for their education have to pay them back. They are not forgiven in most cases. What a student feels is needed while attending college is their own business. Yes, they could work to pay for schooling. My daughter was a full-time student (often taking 16 or more credit hours), she worked part-time, had scholarship money for good grades, and student loans. After paying for a shared room and college expenses, she had about 30 to 50 dollars left each month for food. She still doesn't own a car. This article made me laugh. What kind of fancy car can a graduate student get with a student loan when they have room and board to think about?! Yes, some are not as wise with their funds as they could be but they must pay it back in sickness and health. The cost of living has gone up dramatically. Those students living solely on loans and a part-time job still qualify for the poverty tax bracket. This article is based in an alter-reality. The researchers seem to be trapped in another time period.

  • RedShirt USS Enterprise, UT
    March 12, 2014 12:13 p.m.

    To "freedomingood" why should student loans pay for living expenses? In most cases if a student WORKS a part time job while going to school, they can pay their living expenses. This assumes they don't waste money and have some roommates.

  • freedomingood provo, Utah
    March 11, 2014 8:22 p.m.

    Students buying computers and living expenses! I'm outraged! sacasim off.

    And you are supposing that a car is not necessary in the USA for a graduate student? A 30 year old that is probably married and may have kids?

    The facst ARE that you have to be a student to get the loan, they check that. And your availability of loans depends on the cost of tuition and living expenses. Contrary to popular belief, you do have to be living to go to college so living expenses are not out of line. Whoops. Sacasim off again.