A Quote by Richard Thaler

High school seniors should receive help in how to think about a student loan and how to make sure that the education bought with the loan offers good prospects for repayment.

Richard Thaler

Quote Topics

About Bought Education Good Help High High School High School Senior How Loan Make Offers Prospects Receive Repayment School Seniors Should Student Student Loan Sure Think

Quote Author

Richard Thaler
American - Economist
Born: September 12, 1945

The fact that you have government-guaranteed student loans has created a whole new sector in the American economy that didn't really exist before - private for-profit universities that sell junk degrees that don't help the students. They promise the students, "We'll help you get a better job. We'll arrange a loan so that you don't have to pay a penny for this education." Their pet bank gets them the government-guaranteed loan, and the student may get the junk degree, but doesn't get a job, so they don't pay the loan.

Michael Hudson

The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.

Suze Orman

As our nation's student debt crisis has reached a breaking point, we've been hearing lots of talk about student loan forgiveness. It's taken me 20 years to forgive myself for my loan - and just as long to pay it off.

Camille Perri

If we wanted a program to help the majority of the population, we'd offer loan guarantees to help poor people get access to reliable cars so that they could have a better shot at getting - and keeping - a well-paying job...A small amount of capital could make a much bigger difference in their lives than extra student loan relief for middle-class college kids would.

Megan McArdle

What I want to do first with education is my student loan idea. Basically, if you go into teaching and teach for five years, your student loans should be forgiven. It doesn't cost that much.

Charles Schumer

We developed microfinance to fight loan sharks - I was telling people don't go to loan sharks - not trying to take advantage and make money for myself. I would be a junior loan shark if I did ... It is not a panacea.

Muhammad Yunus

You may loan your last dollar to a friend; but never loan him your axe, unless you are certain that he knows how to use it.

Horace Kephart

Students are suffering under incredibly high tuitions and high student loan interest rates. They graduate from school, and they're having a very difficult time finding a job. They don't feel as though there are honest leaders who are listening to them, and who will be a part of the solution.

Tulsi Gabbard

The secret of high finance...if you really need a loan, you won't qualify. And if you don't need a loan, all the lenders will line up to give you money.

Joanne Fluke

That’s nice of you, but it’s not necessary to loan me a car.” “I loan you cars all the time.” “And I almost always destroy them or lose them. I have terrible luck with cars.” “Working at Rangeman is a high-stress job, and you’re one of our few sources of comic relief. I give you a car and my men start a pool on how long it will take you to trash it. You’re a line item in my budget under entertainment.

Janet Evanovich

High school was interesting. For a lot of people, high school was just a big social experiment, and I think the value of high school was not so much learning how to be a great student... but I think it's learning how to interact with people and be social. I would say that in that endeavor, I completely failed.

Jonny Kim

If your appraisal comes back too low - you don't have at least 10% equity for a conforming loan or 20% for a jumbo loan - you might not be able to refinance at all, at least with a loan that's packaged and sold to Fannie Mae and Freddie Mac. That means you may have to pay a much higher rate.

Jean Chatzky

Let every student enter the school with this advice. No matter how good the school is, his education is in his own hands. All education must be self education.