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Lilpup
Member
Username: Lilpup

Post Number: 5102
Registered: 06-2004
Posted on Sunday, September 07, 2008 - 8:03 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

More and more college graduates, even grad students, unemployed or among the working poor...
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Cambrian
Member
Username: Cambrian

Post Number: 1977
Registered: 08-2006
Posted on Sunday, September 07, 2008 - 11:39 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I know I graduated recently and found what I thought was a decent paying job. Much to my surprise though after I buy gas and groceries and pay the house, car insurance and utility bills I don't have anything left. No surprises no one can afford new cars or save money anymore. I had more disposable income when I was 21 and working retail.
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Chuckjav
Member
Username: Chuckjav

Post Number: 709
Registered: 09-2007
Posted on Sunday, September 07, 2008 - 11:45 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Add me to the eligibility roster.

....Master's Degree (Educational Research)
....Authored (Antioch Press) M.Ed. publication: "Inherit the Count"
....Licensed Comprehensive Social Studies Instructor (grades 7-12)

Earning less than 32K annually; currently employed as an "educational paraprofessional", athletic coach and substance abuse counselor.
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Frankg
Member
Username: Frankg

Post Number: 597
Registered: 08-2007
Posted on Sunday, September 07, 2008 - 1:50 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Count me in among the working poor.

BS, MAS, MBA, and a PhD in Business from a major research university.

Working part-time as a "Lecturer" at a local public university.

Salary = $3,000 per course per semester, no benefits. Same pay for a 4 credit course as for a 3 credit course.

If I did this full-time, that would be $36K/year, no benefits. If you subtract what I have to pay in student loans every year that puts me down to $31.8K/year. That works out to be about 60% of the median personal income, which is the threshold for poverty in many industrialized democracies.
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Detroit_stylin
Member
Username: Detroit_stylin

Post Number: 5909
Registered: 10-2003
Posted on Sunday, September 07, 2008 - 6:18 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Here Here....
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Sean_of_detroit
Member
Username: Sean_of_detroit

Post Number: 1743
Registered: 03-2008
Posted on Sunday, September 07, 2008 - 7:34 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

It's all attitude.

The poor are always poor, and the rich are always rich.
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Frankg
Member
Username: Frankg

Post Number: 598
Registered: 08-2007
Posted on Sunday, September 07, 2008 - 9:16 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

And the rich always exploit the poor... regardless of the attitudes of the poor.
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Docterry
Member
Username: Docterry

Post Number: 42
Registered: 08-2008
Posted on Sunday, September 07, 2008 - 9:32 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Well, it depends. If I only had me and the minor child, we probably wouldn't qualify. But when you add-in my 22 year old, plus the two I didn't give birth to (38 and 22) who recently "moved home", unemployed, to seek work/school, well, I think I qualify now.
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Lilpup
Member
Username: Lilpup

Post Number: 5106
Registered: 06-2004
Posted on Monday, September 08, 2008 - 9:13 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

"It's all attitude."

Anyone who believes this has never really been poor.
I never thought of myself as being poor before being unemployed. And I certainly wouldn't think of myself as poor if someone tossed a few thou my way right now.
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Gnome
Member
Username: Gnome

Post Number: 1830
Registered: 08-2007
Posted on Monday, September 08, 2008 - 10:27 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

lilpup, you're one of the smartest folks around here. Any company would be lucky to have you on their staff.
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Neilr
Member
Username: Neilr

Post Number: 798
Registered: 06-2005
Posted on Monday, September 08, 2008 - 1:47 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

There's a world of difference between generational poverty and situational poverty.
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1st_sgt
Member
Username: 1st_sgt

Post Number: 191
Registered: 11-2006
Posted on Monday, September 08, 2008 - 2:29 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

You might be in the wrong fields,
I've heard plumming and electrical work pays well.
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Lilpup
Member
Username: Lilpup

Post Number: 5108
Registered: 06-2004
Posted on Monday, September 08, 2008 - 3:33 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Thank you, Gnome. I hope at least one interviewer agrees. :-)

"There's a world of difference between generational poverty and situational poverty."

There doesn't seem to be when shaping public policy.
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_sj_
Member
Username: _sj_

Post Number: 2524
Registered: 12-2003
Posted on Monday, September 08, 2008 - 3:59 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

It should be poor/unemployed/under-employed .
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Evelyn
Member
Username: Evelyn

Post Number: 336
Registered: 02-2005
Posted on Tuesday, September 09, 2008 - 1:23 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Here, here... still putting my student loans in deferment, four years after I got the degree.
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Frankg
Member
Username: Frankg

Post Number: 604
Registered: 08-2007
Posted on Wednesday, September 10, 2008 - 12:41 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

Yeah, I hear the student loan thing. I will be paying on them until I am 73 years old!
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Detroit_stylin
Member
Username: Detroit_stylin

Post Number: 5911
Registered: 10-2003
Posted on Thursday, September 11, 2008 - 2:23 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I know right...it seems like I will have a negative impact on my credit rating before i even have a chance to pay my loans back.....
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Ray1936
Member
Username: Ray1936

Post Number: 3641
Registered: 01-2005
Posted on Thursday, September 11, 2008 - 7:33 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I was reading about a guy who went to dental school and ran up $500,000 in student loans. Does that sound right or is the guy grandstanding?

Whatever, it sure makes me glad to be retired and having my working days behind me. I really feel for you guys with these anchors around your necks.
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Frankg
Member
Username: Frankg

Post Number: 606
Registered: 08-2007
Posted on Thursday, September 11, 2008 - 8:15 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

I always thought there was a limit of something like $140K for student loans. And that is for certain professional programs. I think regular graduate school and undergraduates is less. But I haven't looked this up either.
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Frankg
Member
Username: Frankg

Post Number: 607
Registered: 08-2007
Posted on Thursday, September 11, 2008 - 8:22 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

OK, I looked it up. For Stafford Loans, a lifetime limit of:

$57.5K undergraduate
$138.5K graduate or professional
$224K medical student

I suppose it is remotely possible that someone racked up $500K in student loans, if they have had a medical student loan, deferred payment, and haven't paid the interest down and/or took out private student loans too.
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Lilpup
Member
Username: Lilpup

Post Number: 5142
Registered: 06-2004
Posted on Friday, September 12, 2008 - 12:45 am:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

For dental school he might have included some of the equipment/set up costs of a practice right out of school to hit $500,000 - technically not student loans but might as well be since it's right out of the gate.
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Mike
Member
Username: Mike

Post Number: 1488
Registered: 11-2003
Posted on Friday, September 12, 2008 - 9:02 pm:   Edit PostDelete Post   Move Post (Moderator/Admin Only)

pharmacy school put me back $102,000

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