130°

Students Increasingly Purchasing Video Games with Loan Money

Student loans are a necessarily evil for many students, allowing them to pay for school tuition, books, fees, and housing expensive. Unfortunately, in a culture that has become increasingly accepting of mounting loan debts, many students are using loan funds to purchase personal items.

Read Full Story >>
thebitbag.com
Carl_Shocker4594d ago (Edited 4594d ago )

Yup...so true

I mean if your living at home with Student Home who honestly keeps all their finance for books and other Uni stuff. They know what we spend it on...

Games, Clothes, DVDs, Going out to town to get mortal and other stuff you want...thats mostly what Student Finance is spent on.

Saying that though if you don't get a job which pays so much before your 30 then you don't need to pay anything back.

Plus lets not forget the Student £600 - £1200 Bursery you don't need to pay back whats so ever

Do we complain when we've spent everything and we have nothing left...course we do but it's just what happens

Anyway I'm not that bad myself, I set up an ISA account to put a bit of money in so at least I'll have some money from my loan I can put on a deposist for a house in the future.

USEYOURFIST4593d ago

Don't know what you got disagrees for, my uni has a huge library so I get my books there and my loan goes on living ie games n drink n going out and rent etc. And my uni bursary for December is buying a WiiU.

Carl_Shocker4593d ago

because it's cool to disagree thats why...

I mean it's what people do with their student finance, they spend it on stuff they want not what they have to.

iamnsuperman4593d ago (Edited 4593d ago )

Exactly and I found google books to be a very useful (free) source when it came to essays. My loan was split up into rent and spending it on games and going out. I really miss that disposable income especially considering I have now come out of university with a degree but with no employable skills for temporary work.

rainslacker4593d ago

They do something similar here in the US. Depending on the loan you have a set amount of time to find a job before you have to pay it back. If you can't find a job in that time you can apply for a forbearance. However you can't do this forever, and eventually you will have to pay it back.

I did know people on student aid though that didn't work and seemed to have a lot more than I did, being on financial aid to get just what I needed to pay for school. I still worked full time, and taking 20+ credit hours a week. What sucks is my degree isn't really worth much to employers so I'm back to doing what I was before I went back to school.

DialgaMarine4594d ago

Let me guess. This is going to prompt a action by Student Financial Aid companies, as well as several other groups, to boycott and ban video games because a select few students are simply too irresponsible to use the money for what it was initially given to them for.

guitarded774593d ago (Edited 4593d ago )

It's not a matter of irresponsibility. Student loans are to pay tuition, supplies, living expenses and supplementary expenses. If a student eats Ramen and uses the left over money on a console, so be it. If a student rents books instead of buying, and uses the left over to buy a console, so be it. They have to pay back the money... once loaned, it's their money, so as long as the bills get paid, it's not for you to say what is responsible. I don't tell you how to spend your money.

DialgaMarine4593d ago (Edited 4593d ago )

Here's a thought. If a student has already covered all of their education expenses and still has some money left over, why not be smart with it and save it to pay back the loan when the time comes. It's really NOT their money if they HAVE to pay it back, eventually. Some people tend to forgot one sad fact: There's no such thing as free money. You either have to work for it, or you have to pay it back in one way shape or form. There may be 1 or 2 acceptions to that rule, but any forms of loan are not one of them. It's the simple truth. Hence why we have so many college graduates who have no choice but to move back home with their folks, because they have student loan debts up the wazoo, and the job they did land simply couldn't suffice to both support themselves and pay back said debt. A lot of them will probably be having to pay that sh*t off into their 30s, 40s and possibly 50s.

Just look what happened to this country in 2007 after years and years of people taking out loans and believing it was THEIR money. I rest my case.

guitarded774593d ago

You clearly see it your way, and I see it mine. A loan is a promissory. Once the loan has gone through, the money belongs to the borrower... it is their money. As long as they meet the terms of the agreement, it is still their money. I see nothing wrong with a student using part of the loan money to buy something which will enhance their quality of life. A college student with a 4.0 works their ass off studying day and night, to earn that 4.0... they should be allowed to also have personal quality time for self gratification, and if a gaming system provides that, so be it. The loan is not just for school and books... it's for living expenses too. Some choose to spend part of it on decorations for their dorm... is that any different? When they get into the working world, they will pay it back with interest, and will also pay more in taxes because they have skills that land them in a higher paying job (potentially), so them spending $200 out of a many thousands of dollar loan on something to make their life better, is okay with me. But like I said, it doesn't matter what I think because it's their money.

samtheseed4593d ago

I seen a student pay for 1 drink on her credit card in the pub the other day. Her first card got rejected. She then sent a text message on her iPhone.

Amazing.

Fez4593d ago

That text was to mummy and daddy...

coolasj4593d ago

How can you assume having an iPhone means your wealthy or that you bought it yourself.

Kenshin_BATT0USAI4593d ago

Man...my parents are rich, but naturally they don't wanna help me out at all. So what I end up getting is batshit poor loans from student services. Worse yet, i gotta pay rent(my parents force me to), cover all of my own expenses, and pay for the majority of my tuition and books out of my own pockets too.

I wish I has spare cash for gaming and such ._.

knifefight4593d ago

I had to do the same thing when I was in college yo.

It totally sucks right now, but the financial responsibility that you'll master yourself with will be worth it. Trust me, as a 19-25 year old I was torqued about it, but you come out with better discipline than a lot of other people.

DwightOwen4593d ago

knifefight is right. You'll be much better off in the long run because you'll better appreciate the value of money, unlike most of your peers.

Kenshin_BATT0USAI4593d ago

Mhmm yeah I agree with both of you. It's teaching me some pretty valuable financial skills.
It's just a bit of a pain having a job, going to university, and doing freelance work. If I slack off a bit, I'm screwed xD haha

fermcr4593d ago

"Students Increasingly Purchasing Video Games with Loan Money"

Not surprising. Console games are way to expensive (60-70€). Even new PC games on steam are 50€. Then there's the overpriced DLC's. That's too much money for a game. Thank God for Steam sales.

Gaming developers/publishers should think about revising the PC/Console games prices.

samtheseed4593d ago

It would be nice, but development cost are going up,and more studios closing down, but people are still demanding more and more graphics driving developments costs up more and more.

Indie games are getting better and better so just stick to them.

Show all comments (28)
80°

This Is the Good Superman Game Fans Have Been Begging For

Will we ever get a good Superman game? Here's how to make the perfect Superman game.

Read Full Story >>
fortressofsolitude.co.za
60°

What If... Destiny 2's Gambit Was a Hit?

In a world where Gambit thrived, Destiny 2’s seasons, storylines, and even its endgame might’ve revolved around PvEvP as a core foundation.

Read Full Story >>
gamerant.com
Christopher6h ago

Destiny already has the pretty hyper 'raid' fixation and then they added legendary raid dungeons. Hyperfixating in PvEvP wouldn't work as well because you need a lot more than 2% of the userbase to keep that going unlike raids that are propped up by streamers who make running them their whole job. Most players don't play all the raids let alone run them over and over. And most who play PvP don't want structured PvE elements.

90°

How Xbox Is Quietly Fixing Xbox Cloud Gaming Latency

Microsoft is tackling Xbox Cloud Gaming latency with real testing and tech upgrades—here’s what’s working, and why it matters.

Read Full Story >>
clouddosage.com
darthv721d 4h ago

Speaking as someone who uses xcloud, i havent really noticed much lag, if at all. I have used the service on a wide variety of devices. A VCR XBO, a One X, the logitech GCloud, steamdeck and my work PC. in all cases it just works and works really well. I was not interested at first in the idea of streaming a game, but then i really started using it as a way to gauge interest if a game is worth my time of downloading/installing and I just cant help but jump into new titles when they drop. I used to do the same with new releases on netflix so i can see why they make that similar proclimation.

Tacoboto4h ago(Edited 4h ago)

With Remote Play, the lag can be almost complete nonexistent too. My TV and Receiver glitched up really bad a few weeks ago and my Xbox wouldn't output through 4K 120hz for a few weird hours of power cycling these stupid devices, so I got to test this out while my Xbox just refused to output video through hdmi.

With a Backbone on my phone, and a controller connected to the console (hardwired into the modem through an Ethernet switch; my phone is connected to a Router that the modem routes to - so there is that extra network layer), I could not notice any difference. Avowed was set to the Balanced mode, maybe Performance would've exposed a lag with the extra frames but the response on my phone screen looked near exact from stick push to game response.

Cloud Gaming, playing something like South of Midnight feels responsive enough to me, and games like Pentiment you really really can't tell, and if you could, that's a game where lag would be inconsequential to the experience

Vits10h ago

I live in a city that has an Xbox Cloud server, and my local network uses Wi-Fi 6. I've used the service for quite a while. I can't really say I don't feel the latency. Some titles are completely unplayable for me, like Forza Horizon 5. But there are also many games where I barely notice it, such as A Crab's Treasure and Halo MCC.

Honestly, it's great that they're working on making it better. But the way it works right now is already pretty usable, and casual gamers, who I assume are the target audience, probably won't even notice the latency. The issue then becomes more of a commercial or marketing one, because casual gamers are either on mobile or console, and they probably don't even know Xbox Cloud exists, how much it costs, or how it works.

It also doesn't help that some of the most popular casual games aren't available on it at launch. Sports games from EA, for example, are always a couple of months late.