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Student loan forgiveness: Biden promise to forgive $10,000 in debt remains unfulfilled
Comments
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Don’t you think it through before taking out a loan? The amount? Risk vs. Reward?Necessity vs. Fantasy World?RoadDawg55 said:
College was fairly cheap in the old days. These loans and financial aid were made and seemed like a game changer. Now everyone (not just the middle and upper class) could go to college. It did that for some. For others, it saddled them in debt.trublue said:
“. . . pushed onto them”? Seriously.RoadDawg55 said:
There is some nuance to it. An 18 year old can’t get a job that pays enough to live independently, they can’t get a loan to start a business, so taking the loan and going to college seems like a pretty good option until you’re paying off debt well into your 40’s. Not to mention the price of attending college has skyrocketed.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
I get your point, but don’t agree that it’s as simple as that. I doubt many of the older folks here had to deal with this kind of bullshit. The banking institutions and universities engaged in some unethical practices.
I think some foregiveness is warranted. It’s not really fair to saddle a young adult into debt, something that was basically pushed onto them in many ways, and something that isn’t common knowledge on how to deal with. What the fair way to settle this is, I don’t know.
When they come out of high school, they should have a clue about finances and the real world. They learn that from their parents and work experience. Apparently, the public education system doesn’t teach it. It didn’t in the old days, either.
Serious question, you’re well out of college age. Why do you care if the loans are partially or fully forgiven? What difference would it make in your life?
Why do I care? What difference would it make in my life?
None, I guess . . . other than to reinforce the idea that the Government will bail people out no matter what for making stupid decisions and drive the country into bankruptcy faster than it’s already headed.
It’s called personal responsibility. I believe
in a safety net for the helpless, not for the clueless.
In the real world, decisions (actions) have consequences.
I am hopeful that the following generations will have the same opportunity to succeed through hard work and sacrifice like I did.
“Free shit” doesn’t get people there.
Serious question, why don’t we just make everything free?
What the Government giveth, the Government can certainly take away. -
I know. By paying the loan back.RoadDawg55 said:
There is some nuance to it. An 18 year old can’t get a job that pays enough to live independently, they can’t get a loan to start a business, so taking the loan and going to college seems like a pretty good option until you’re paying off debt well into your 40’s. Not to mention the price of attending college has skyrocketed.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
I get your point, but don’t agree that it’s as simple as that. I doubt many of the older folks here had to deal with this kind of bullshit. The banking institutions and universities engaged in some unethical practices.
I think some foregiveness is warranted. It’s not really fair to saddle a young adult into debt, something that was basically pushed onto them in many ways, and something that isn’t common knowledge on how to deal with. What the fair way to settle this is, I don’t know.
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RoadDawg55 said:
College was fairly cheap in the old days. These loans and financial aid were made and seemed like a game changer. Now everyone (not just the middle and upper class) could go to college. It did that for some. For others, it saddled them in debt.trublue said:
“. . . pushed onto them”? Seriously.RoadDawg55 said:
There is some nuance to it. An 18 year old can’t get a job that pays enough to live independently, they can’t get a loan to start a business, so taking the loan and going to college seems like a pretty good option until you’re paying off debt well into your 40’s. Not to mention the price of attending college has skyrocketed.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
I get your point, but don’t agree that it’s as simple as that. I doubt many of the older folks here had to deal with this kind of bullshit. The banking institutions and universities engaged in some unethical practices.
I think some foregiveness is warranted. It’s not really fair to saddle a young adult into debt, something that was basically pushed onto them in many ways, and something that isn’t common knowledge on how to deal with. What the fair way to settle this is, I don’t know.
When they come out of high school, they should have a clue about finances and the real world. They learn that from their parents and work experience. Apparently, the public education system doesn’t teach it. It didn’t in the old days, either.
Serious question, you’re well out of college age. Why do you care if the loans are partially or fully forgiven? What difference would it make in your life?
You have to get a college degree to get a low level office job? Seriously?Pitchfork51 said:
The issue is that now you have to have a college degree to get a shitty low level office job which in no way requires one.RoadDawg55 said:
There is some nuance to it. An 18 year old can’t get a job that pays enough to live independently, they can’t get a loan to start a business, so taking the loan and going to college seems like a pretty good option until you’re paying off debt well into your 40’s. Not to mention the price of attending college has skyrocketed.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
I get your point, but don’t agree that it’s as simple as that. I doubt many of the older folks here had to deal with this kind of bullshit. The banking institutions and universities engaged in some unethical practices.
I think some foregiveness is warranted. It’s not really fair to saddle a young adult into debt, something that was basically pushed onto them in many ways, and something that isn’t common knowledge on how to deal with. What the fair way to settle this is, I don’t know.
Also making it dischargeable in bankruptcy pretty much ends gender studies and other bullshit. No ones gonna finance that.
Honestly I'd like to get the upcoming academies that the tech companies will put on going. Because once you can do those it's gonna be pretty compelling
Perhaps,
1. They need to up their standards and deliver a better, more meaningful education in the K-12 system. That starts with the people in the “profession”.
2. Allow kids to work prior to age 16.
3. Develop a work ethic.
Totally agree with your last paragraph.
Great post!
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Why side with government funded institutions and the banking system? Some of these universities have pretty large endowments. It’s greed, plain and simple.
I agree with some of the points, but some do deserve to get their loans knocked down. Some undeserving will benefit from it as well, but I’m more on the side of citizens than big corporate institutions. To each their own. -
I have no sympathy for the universities. There is greed. You’re right.
The only way to stop it is for people to stop buying what they are selling; be prudent when making a decision and borrowing $$$.
There are way too many and they have bloated bureaucracies vs. the old days.
Not everyone should go to college. There used to be a thing called trade schools and vocational education in the public schools (even in Portlandia).
The banking system? It’s my understanding that one of Obama’s accomplishments was to have the federal government back all student debt.
Since then, the cost of attending colleges/universities has continued to rise and student debt delinquencies have soared. -
The problem is that leftards took over the public education system. The result has been a huge increase in costs, both direct teachers and then the supporting administration. All unionized and with no accountability. So, we get negative education. You don't learn math, science, economics and basic life skills. You end up with the slobberer who believes in the marxist lie of the labor theory of value and thinks it is the job of government to take care of him.
West Linn spends $16,000 per student and then whines about the need for more funding. Think about that. You could send your kid to Jesuit for that money. We have 30-40 million illegals in this country all depressing wages for non-college educated kids. So, negative education and open borders. Things that make America great again. -
You're not on the side of citizens. By favoring loan forgiveness, you're favoring incentives for bad behavior in addition to passing those loan costs along to taxpayers and consumers of financial services in the form of higher banking costs, borrowing costs, etc.. It's a terrible idea.RoadDawg55 said:Why side with government funded institutions and the banking system? Some of these universities have pretty large endowments. It’s greed, plain and simple.
I agree with some of the points, but some do deserve to get their loans knocked down. Some undeserving will benefit from it as well, but I’m more on the side of citizens than big corporate institutions. To each their own.
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You do realize that money for loan forgiveness comes from taxpayers right?RoadDawg55 said:
College was fairly cheap in the old days. These loans and financial aid were made and seemed like a game changer. Now everyone (not just the middle and upper class) could go to college. It did that for some. For others, it saddled them in debt.trublue said:
“. . . pushed onto them”? Seriously.RoadDawg55 said:
There is some nuance to it. An 18 year old can’t get a job that pays enough to live independently, they can’t get a loan to start a business, so taking the loan and going to college seems like a pretty good option until you’re paying off debt well into your 40’s. Not to mention the price of attending college has skyrocketed.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
I get your point, but don’t agree that it’s as simple as that. I doubt many of the older folks here had to deal with this kind of bullshit. The banking institutions and universities engaged in some unethical practices.
I think some foregiveness is warranted. It’s not really fair to saddle a young adult into debt, something that was basically pushed onto them in many ways, and something that isn’t common knowledge on how to deal with. What the fair way to settle this is, I don’t know.
When they come out of high school, they should have a clue about finances and the real world. They learn that from their parents and work experience. Apparently, the public education system doesn’t teach it. It didn’t in the old days, either.
Serious question, you’re well out of college age. Why do you care if the loans are partially or fully forgiven? What difference would it make in your life?
Justify taking money from someone disadvantaged who decided to work so someone that's privileged can go to college for free.
Right, and based on the fact that those weren't the original terms agreed to.
I agree that this shit is predatory. End government involvement, allow for bankruptcy, and watch as sjw degrees evaporate and college administration shrinks back to a manageable size. -
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Used to. Now it just comes from the Fed.UW_Doog_Bot said:
You do realize that money for loan forgiveness comes from taxpayers right?RoadDawg55 said:
College was fairly cheap in the old days. These loans and financial aid were made and seemed like a game changer. Now everyone (not just the middle and upper class) could go to college. It did that for some. For others, it saddled them in debt.trublue said:
“. . . pushed onto them”? Seriously.RoadDawg55 said:
There is some nuance to it. An 18 year old can’t get a job that pays enough to live independently, they can’t get a loan to start a business, so taking the loan and going to college seems like a pretty good option until you’re paying off debt well into your 40’s. Not to mention the price of attending college has skyrocketed.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
I get your point, but don’t agree that it’s as simple as that. I doubt many of the older folks here had to deal with this kind of bullshit. The banking institutions and universities engaged in some unethical practices.
I think some foregiveness is warranted. It’s not really fair to saddle a young adult into debt, something that was basically pushed onto them in many ways, and something that isn’t common knowledge on how to deal with. What the fair way to settle this is, I don’t know.
When they come out of high school, they should have a clue about finances and the real world. They learn that from their parents and work experience. Apparently, the public education system doesn’t teach it. It didn’t in the old days, either.
Serious question, you’re well out of college age. Why do you care if the loans are partially or fully forgiven? What difference would it make in your life?
Justify taking money from someone disadvantaged who decided to work so someone that's privileged can go to college for free.
Right, and based on the fact that those weren't the original terms agreed to.
I agree that this shit is predatory. End government involvement, allow for bankruptcy, and watch as sjw degrees evaporate and college administration shrinks back to a manageable size. -
Which is a tax on the working class...doogie said:
Used to. Now it just comes from the Fed.UW_Doog_Bot said:
You do realize that money for loan forgiveness comes from taxpayers right?RoadDawg55 said:
College was fairly cheap in the old days. These loans and financial aid were made and seemed like a game changer. Now everyone (not just the middle and upper class) could go to college. It did that for some. For others, it saddled them in debt.trublue said:
“. . . pushed onto them”? Seriously.RoadDawg55 said:
There is some nuance to it. An 18 year old can’t get a job that pays enough to live independently, they can’t get a loan to start a business, so taking the loan and going to college seems like a pretty good option until you’re paying off debt well into your 40’s. Not to mention the price of attending college has skyrocketed.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
I get your point, but don’t agree that it’s as simple as that. I doubt many of the older folks here had to deal with this kind of bullshit. The banking institutions and universities engaged in some unethical practices.
I think some foregiveness is warranted. It’s not really fair to saddle a young adult into debt, something that was basically pushed onto them in many ways, and something that isn’t common knowledge on how to deal with. What the fair way to settle this is, I don’t know.
When they come out of high school, they should have a clue about finances and the real world. They learn that from their parents and work experience. Apparently, the public education system doesn’t teach it. It didn’t in the old days, either.
Serious question, you’re well out of college age. Why do you care if the loans are partially or fully forgiven? What difference would it make in your life?
Justify taking money from someone disadvantaged who decided to work so someone that's privileged can go to college for free.
Right, and based on the fact that those weren't the original terms agreed to.
I agree that this shit is predatory. End government involvement, allow for bankruptcy, and watch as sjw degrees evaporate and college administration shrinks back to a manageable size. -
And those on fixed incomes.UW_Doog_Bot said:
Which is a tax on the working class...doogie said:
Used to. Now it just comes from the Fed.UW_Doog_Bot said:
You do realize that money for loan forgiveness comes from taxpayers right?RoadDawg55 said:
College was fairly cheap in the old days. These loans and financial aid were made and seemed like a game changer. Now everyone (not just the middle and upper class) could go to college. It did that for some. For others, it saddled them in debt.trublue said:
“. . . pushed onto them”? Seriously.RoadDawg55 said:
There is some nuance to it. An 18 year old can’t get a job that pays enough to live independently, they can’t get a loan to start a business, so taking the loan and going to college seems like a pretty good option until you’re paying off debt well into your 40’s. Not to mention the price of attending college has skyrocketed.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
I get your point, but don’t agree that it’s as simple as that. I doubt many of the older folks here had to deal with this kind of bullshit. The banking institutions and universities engaged in some unethical practices.
I think some foregiveness is warranted. It’s not really fair to saddle a young adult into debt, something that was basically pushed onto them in many ways, and something that isn’t common knowledge on how to deal with. What the fair way to settle this is, I don’t know.
When they come out of high school, they should have a clue about finances and the real world. They learn that from their parents and work experience. Apparently, the public education system doesn’t teach it. It didn’t in the old days, either.
Serious question, you’re well out of college age. Why do you care if the loans are partially or fully forgiven? What difference would it make in your life?
Justify taking money from someone disadvantaged who decided to work so someone that's privileged can go to college for free.
Right, and based on the fact that those weren't the original terms agreed to.
I agree that this shit is predatory. End government involvement, allow for bankruptcy, and watch as sjw degrees evaporate and college administration shrinks back to a manageable size.
In general, the inflation the left is fanning will hurt most everyone. -
Won't hurt the rich that bad but I'm hearing that bootlicking of the super rich is in on the Left. @TheKobeStopper can confirm.Southerndawg said:
And those on fixed incomes.UW_Doog_Bot said:
Which is a tax on the working class...doogie said:
Used to. Now it just comes from the Fed.UW_Doog_Bot said:
You do realize that money for loan forgiveness comes from taxpayers right?RoadDawg55 said:
College was fairly cheap in the old days. These loans and financial aid were made and seemed like a game changer. Now everyone (not just the middle and upper class) could go to college. It did that for some. For others, it saddled them in debt.trublue said:
“. . . pushed onto them”? Seriously.RoadDawg55 said:
There is some nuance to it. An 18 year old can’t get a job that pays enough to live independently, they can’t get a loan to start a business, so taking the loan and going to college seems like a pretty good option until you’re paying off debt well into your 40’s. Not to mention the price of attending college has skyrocketed.Sledog said:If you borrow money you pay it back! I know that's a difficult concept for some.
I get your point, but don’t agree that it’s as simple as that. I doubt many of the older folks here had to deal with this kind of bullshit. The banking institutions and universities engaged in some unethical practices.
I think some foregiveness is warranted. It’s not really fair to saddle a young adult into debt, something that was basically pushed onto them in many ways, and something that isn’t common knowledge on how to deal with. What the fair way to settle this is, I don’t know.
When they come out of high school, they should have a clue about finances and the real world. They learn that from their parents and work experience. Apparently, the public education system doesn’t teach it. It didn’t in the old days, either.
Serious question, you’re well out of college age. Why do you care if the loans are partially or fully forgiven? What difference would it make in your life?
Justify taking money from someone disadvantaged who decided to work so someone that's privileged can go to college for free.
Right, and based on the fact that those weren't the original terms agreed to.
I agree that this shit is predatory. End government involvement, allow for bankruptcy, and watch as sjw degrees evaporate and college administration shrinks back to a manageable size.
In general, the inflation the left is fanning will hurt most everyone.
https://youtu.be/q4drqa1KhuY