You didn't seriously type that about Latin, did you?
Because of the risk involved. Remember: "A student, with little to no credit history, is provided loans into the $10's of thousands, based on no income, or at the very most, the hope of future income, ..."
What risk is involved exactly? When a bank extends a loan to an individual or a business, the risk is that the individual or business with go bankrupt/default/etc. and will not be able to pay back the loan in its entirety. The bank may have to negotiate for part of its loan. But student debt, unlike just about very other type of debt, is not dischargeable. If a student cannot pay it the parents will. Even death cannot discharge student loans—next of kin will be paying it off. There is less risk involved in student loans than there was in buying a serf in the Russian Empire.
Alright, I'm game. What is the practical application of being fluent in Latin as compared to Spanish, French, German, Italian, Japanese, Mandarin, Korean, etc.?
I never mentioned Spanish, German, etc.
You don't know about the study of Latin...obviously. It's a fascinating subject you may want to Google. More than 50% of the words in the English language have Latin roots. Most of the words you find in medicine, law, diplomacy, literature, philosophy, anthropology, animal studies, and so on have Latin roots. Latin enables an English speaking person to easily learn the Romance languages because of the common roots in Latin. Most of the most common words you use every day come from the Latin. Latin is ties directly to the Roman Empire, and when the empire fell, the Latin language increased in dominance rather than becoming obsolete. Students who study Latin score far better on their SATs. I could go on an on but the rest you should learn on your own.
I always wanted to take Latin in high school, but they killed the class just as I got into the school. My dad had taken it in college; much later, he went back to the community college and took it again. My understanding is that you learn so much about the English language by taking it.
I'm not in an area that offers it now; and I'm really bad at online courses. Maybe some year I'll be able to take it.
I never mentioned Spanish, German, etc.
You don't know about the study of Latin...obviously. It's a fascinating subject you may want to Google. More than 50% of the words in the English language have Latin roots. Most of the words you find in medicine, law, diplomacy, literature, philosophy, anthropology, animal studies, and so on have Latin roots. Latin enables an English speaking person to easily learn the Romance languages because of the common roots in Latin. Most of the most common words you use every day come from the Latin. Latin is ties directly to the Roman Empire, and when the empire fell, the Latin language increased in dominance rather than becoming obsolete. Students who study Latin score far better on their SATs. I could go on an on but the rest you should learn on your own.
Banks are borrowing money at almost zero percent interest rates. However student loan customers are being gouged at interests rates ranging from 4.7 to 7.2 percent. Why is it that are elected representatives in the government are allowing the people to be robbed in this way?
I took it all 4 years of HS, and it helped me so much, from my SATs (aced my English but even did well on math, even though I suck at math) to the LSATs (yes, I took them) and really for the rest of my life. I even use my Latin when playing trivia. I look at a word and hope I see a Latin root in it, and then see if I can't figure out the answer.
My kids all take it. It's starting to come back to the school districts, thank goodness.
Those are words. Not grammar. Not works of literature. Just words. Seems to me that simply learning some Latin words in an English class could do the trick.
Don't get me wrong, tres; you raise an interesting point here. I'm just playing devil's advocate with it.
I never mentioned Spanish, German, etc.
You don't know about the study of Latin...obviously. It's a fascinating subject you may want to Google. More than 50% of the words in the English language have Latin roots. Most of the words you find in medicine, law, diplomacy, literature, philosophy, anthropology, animal studies, and so on have Latin roots. Latin enables an English speaking person to easily learn the Romance languages because of the common roots in Latin. Most of the most common words you use every day come from the Latin. Latin is ties directly to the Roman Empire, and when the empire fell, the Latin language increased in dominance rather than becoming obsolete. Students who study Latin score far better on their SATs. I could go on an on but the rest you should learn on your own.
You could also just learn a Romance language and it would probably be far more useful. You do not need to know Latin to use Latin words.
You could also just learn a Romance language and it would probably be far more useful. You do not need to know Latin to use Latin words.
Latin is a dead language. You can't converse in it. And Latin most certainly does impact grammar. The distinction in English between words like I and me come directly from the Latin cases for words.
Banks are borrowing money at almost zero percent interest rates. However student loan customers are being gouged at interests rates ranging from 4.7 to 7.2 percent. Why is it that are elected representatives in the government are allowing the people to be robbed in this way?
My federal student loan: 6.8%
My car loan: 6.2%
Department of Education is profiting in the hundred of billions from the last 6 years or so. Yes, student loan interest rates are too high.
Your student loan:unsecured
Your car loan:secured
That car loan rate is high. Why don't you refinance it?
How so?
My car is used, not new.
Student loans are among the most risky loans to be had.
You have a borrower with no credit history. You have no collateral. You have an outstanding debt without payment for years. And if you knew anything about banking (it does not appear that you do), carrying a balance on their books for decades is not what they're supposed to do for many reasons.
Most banks aren't in the student loan business anymore and most of them are damn glad they aren't.
Banks don't sit on them, they sell them to companies like Nelnet, who use them as colateral.
Using that argument, the interest rates can be zero or even negative for any and all loans and we are still left with the problem of what, if anything, is a better investment than some other thing (budgeting). While an engineering degree from a major college may be a good risk (investment?) that is not to say that a cosmetology degree form some fly by night online diploma mill is an equally good risk (investment?).
Even if you are firmly in the public debt does not really matter camp, it still makes sense to borrow and spend (invest?) wisely rather than to pretend that all government spending is equally beneficial. If everyone in the US was suddenly able to go to college would we really be better off or simply have better educated burger flippers, grass mowers, bed makers and bean pickers? If anyone could be a doctor, lawyer or Indian chief would those jobs still command an upper middle class salary?
Because of the risk involved. Remember: "A student, with little to no credit history, is provided loans into the $10's of thousands, based on no income, or at the very most, the hope of future income, ..."
The problem with your response is that you appear to confuse the purpose of private commercial lending institutions and federal student loans. The purpose of the former is to make a profit, while the purpose of the latter is to facilitate education. As such, the level of risk is somewhat, though not entirely irrelevant to the interest rate.
That is absolute nonsense. The level of risk is important to ANY loan's interest rate - non-payment of government loans amounts to stealing public funds. Do you really intend them to be gifts?
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