While I'm not unemployed I still feel like I am. I am definitely one of the 99%, and I spent most of today preparing myself for eminent doom.
Read: student loan repayment. I created an Excel workbook with three spreadsheets. They detail how much I owe, how much I've paid/will pay. One sheet for private loans, Stafford loans, and money I owe my mom. I used formulas, even a couple that work across multiple spreadsheets. I have Microsoft Excel proficiency. Hire me please? I've never used Quickbooks, but I imagine it's an aesthetically pleasing version of what I created today. I'm sure it has other features too.
I owe a grand total of $43,380.60 to my mom, the government, and Greater Lakes. That's the equivalent of a year's tuition when I was a sophomore at Emerson. I currently make $8.00 an hour at my job. So I only need to work 5,422.5 hours to pay it off. Too bad interest will accrue before then. If only I had a salaried position. If I made $26,000 a year, I would be making around $400.00 a week, given my assumptions about taxes from previous experiences. From that $400 I would keep $100 for myself and pay $300 on my student loans a week for about 2 and 3/4 years and be done. I can do that because I live with my grandmother. I'd like if the universe could make that work for me.
Or if Obama read the e-mail I sent him the other day, took it to heart, and took action. I suggested what I think is a win-win situation. For those who aren't aware, the money you pay back to loan companies is credited to the accrued interest and not the principal balance. You may have heard "Payments as low as $50 a month for 15 years." That comes to a total of $9000, which my friends, will not equal the accrued interest nor the principal of your loan. That's how loan repayment is sold to the masses, and I think it should come with a serving suggestion. I told Obama that there should probably be some regulations set in place so that the money you send in to pay your loan credits the principal first. Very few people can pay off a loan over night, so they will still be able to make interest. The graduate will be able to pay off their loans before their own children go to college, and the loan company will still make money. And let's be real, enough is never enough in Capitalism. I don't think the companies should complain about profit loss because it won't be a huge loss.
On that note, if you haven't seen Idiocracy, you need to. It's related to the thought I had about reading this article. Read it. You can see that I borrowed that line about paying off loans before their children go to college. Let's think about that notion. How likely are people to have children when it's very hard to budget for luxuries like a monthly movie ticket or theater ticket. I feel that most educated people won't have children until a very late age or won't plan to have children. There will probably be a couple hundred "mistake" children. Most people in my generation having children didn't go to college, and are married already. Please watch Idiocracy. If you didn't click the link, it isn't a crazy documentary or anything. It's a comedy starring Luke Wilson (I think he's hot.)
And before I go, here are a couple of pictures of the Times Square #OccupyParty. It took me fifteen minutes to get from the train to work.
Read: student loan repayment. I created an Excel workbook with three spreadsheets. They detail how much I owe, how much I've paid/will pay. One sheet for private loans, Stafford loans, and money I owe my mom. I used formulas, even a couple that work across multiple spreadsheets. I have Microsoft Excel proficiency. Hire me please? I've never used Quickbooks, but I imagine it's an aesthetically pleasing version of what I created today. I'm sure it has other features too.
I owe a grand total of $43,380.60 to my mom, the government, and Greater Lakes. That's the equivalent of a year's tuition when I was a sophomore at Emerson. I currently make $8.00 an hour at my job. So I only need to work 5,422.5 hours to pay it off. Too bad interest will accrue before then. If only I had a salaried position. If I made $26,000 a year, I would be making around $400.00 a week, given my assumptions about taxes from previous experiences. From that $400 I would keep $100 for myself and pay $300 on my student loans a week for about 2 and 3/4 years and be done. I can do that because I live with my grandmother. I'd like if the universe could make that work for me.
Or if Obama read the e-mail I sent him the other day, took it to heart, and took action. I suggested what I think is a win-win situation. For those who aren't aware, the money you pay back to loan companies is credited to the accrued interest and not the principal balance. You may have heard "Payments as low as $50 a month for 15 years." That comes to a total of $9000, which my friends, will not equal the accrued interest nor the principal of your loan. That's how loan repayment is sold to the masses, and I think it should come with a serving suggestion. I told Obama that there should probably be some regulations set in place so that the money you send in to pay your loan credits the principal first. Very few people can pay off a loan over night, so they will still be able to make interest. The graduate will be able to pay off their loans before their own children go to college, and the loan company will still make money. And let's be real, enough is never enough in Capitalism. I don't think the companies should complain about profit loss because it won't be a huge loss.
On that note, if you haven't seen Idiocracy, you need to. It's related to the thought I had about reading this article. Read it. You can see that I borrowed that line about paying off loans before their children go to college. Let's think about that notion. How likely are people to have children when it's very hard to budget for luxuries like a monthly movie ticket or theater ticket. I feel that most educated people won't have children until a very late age or won't plan to have children. There will probably be a couple hundred "mistake" children. Most people in my generation having children didn't go to college, and are married already. Please watch Idiocracy. If you didn't click the link, it isn't a crazy documentary or anything. It's a comedy starring Luke Wilson (I think he's hot.)
And before I go, here are a couple of pictures of the Times Square #OccupyParty. It took me fifteen minutes to get from the train to work.
No comments:
Post a Comment