Serving the Quantitative Finance Community

• 1
• 2

tagoma
Posts: 18781
Joined: February 21st, 2010, 12:58 pm

Any up-to-date view on this?

Cuchulainn
Posts: 64996
Joined: July 16th, 2004, 7:38 am
Location: Drosophila melanogaster
Contact:

Any up-to-date view on this?

"Compatibility means deliberately repeating other people's mistakes."
David Wheeler

http://www.datasimfinancial.com
http://www.datasim.nl

katastrofa
Posts: 10255
Joined: August 16th, 2007, 5:36 am
Location: Alpha Centauri

Mitterrand’s lolita? The woman was in her 40s, about 10 yrs his junior; with social status and money of her own. I can't imagine a self-respecting man hosting some social parasite these days. It's 21st century, most jobs don't require physical strength and most skills can be learnt from the Internet. Woman make money and support themselves. Only some insults to womanhood keep asking men for money and help.

bearish
Posts: 6633
Joined: February 3rd, 2011, 2:19 pm

Well, in the US, six figure student loans are a thing. I can see the incentive to try and whittle those down a little, even at the cost of a few “dates” with some unsavory characters of my age.

katastrofa
Posts: 10255
Joined: August 16th, 2007, 5:36 am
Location: Alpha Centauri

I'm not sure whose version to believe, but there seem to be many myths around the student loans. They've been popular in many countries for years and didn't inspire prostitution. Relocation to countries with free education - yes.

bearish
Posts: 6633
Joined: February 3rd, 2011, 2:19 pm

The student loans are real. Total balance is currently somewhere in the $1.6-1.7 trillion range, roughly double total credit card balances. The estimated cost of attending Rutgers (New Jersey’s flagship university, just as an example) is around$40,000 per year - as a resident of NJ. For non-residents, you can tack on another 20, bringing the tab closer to the average cost of attending a private school you have heard of (or as an out-of-state student at one of the UCs). Note that you cannot just move to a state to become a resident there for tuition purposes. As an undergrad, that is almost always totally dependent on where your parents live. Financial aid depends primarily on the parents’ perceived ability to pay, and not at all on their willingness. So, the system contains some seeds of potential financial stress. Mind you, I’m not advocating for prostitution as a regular funding strategy, merely indicating that I can see the incentives. And we haven’t even touched on those without the wherewithal to get into an expensive school…

katastrofa
Posts: 10255
Joined: August 16th, 2007, 5:36 am
Location: Alpha Centauri

I actually got a postdoc offer from Rutgers years back, which I rejected for reasons I now can't comprehend. Another life's huge mistake, huge mistake... I collect them. I remember a colleague there told me that they had robust financial aid for poor students and waived fees if one worked e.g. as teaching assistant.

I'm under the impression that as global idiocratisation progresses, there's a growing group of people who prefer to cry for help and money rather than work hard and pursue personal development. Hard work behind any success is being degraded to the level of pure luck or ex-post facto privileges. More and more those who shamelessly expect a share of the money growing on trees in your orchard, claim your work to advance their own career, or become prostitutes as an easy way to gain income... Abilities, hard work and prudence meet with suspicions and distrust. Time to evacuate to Mars

Evil immoral cat.

bearish
Posts: 6633
Joined: February 3rd, 2011, 2:19 pm

I would not for a moment categorize prostitution in general as “an easy way to gain income”, although that grey area between opportunistic dating and playing the role of a well kept sugar baby doesn’t look too hard from a distance. Please note, I have only observed this from a distance, if at all.

As for the whole US university funding situation, it is very problematic. If you can get into a highly selective school, you will more often than not find that financial aid will be available to cover the gap between what the university thinks your parents should be able to contribute and their estimated cost of attendance. So, out of a total price tag of $60,000 per year, they may offer you$30,000. But, typically, a chunk of that will be in the form of a loan. Should your parents not be up for funding your studies, you need to work awfully long hours to pay the bill (with after-tax income) along the way. And should you earn a merit scholarship (not unheard of, but often not all that large and impactful), that will just reduce your need-based financial aid, since your ability to pay just went up. Tuition grants for TAs, RAs, and such are generally part of graduate student funding packages. Undergrads in such roles (rare at research universities, but common at liberal arts colleges) are normally just paid by the hour.

katastrofa
Posts: 10255
Joined: August 16th, 2007, 5:36 am
Location: Alpha Centauri

@I would not for a moment categorize prostitution in general as “an easy way to gain income”

In many ways easier than other jobs, and I'm not thinking about being a drug dealer or a mafia hitman.

Seriously, I'd definitely recommend those parents sending kids to Europe.

katastrofa
Posts: 10255
Joined: August 16th, 2007, 5:36 am
Location: Alpha Centauri

Any up-to-date view on this?

I was intrigued by the building and googled it. They went rainbow these days:

Mafia entered the business in the US I heard. An extended version of human trafficking? And if you agree nicely to transfer your assets to your wifey, you can even walk away on healthy legs.

Cuchulainn
Posts: 64996
Joined: July 16th, 2004, 7:38 am
Location: Drosophila melanogaster
Contact: