Student debt

bdgan

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May 29, 2008
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You do realize that the reason tuition went up the way it did was, like everything else, through "easy money."

Forgiving loans isn't fair to those who paid, and it certainly isn't fair to those who will pay even more as loans are forgiven.

This is the typical band-aid, vote-buying response of the Democrats. They ignore the root cause of the problem and implement a "fix" that only makes matters worse.

If you were foolish enough to go to college for a degree that makes it difficult to pay back a loan then you made a bad choice. Others should not be paying for that bad choice.

Educators would love to see this. It's more money for them down the road without doing anything about the problem while shoveling it onto the laps of those who get nothing by becoming the ultimate payers -- through taxes or higher inflation.
NJ and his libtard friends should try to objectively challenge what you just said. Instead he'll stick with the lemmings and talk about how conservatives don't care about people.
 

Op2

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Mar 16, 2014
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This thread is hilarious. A bunch of Boomers who went to college when you could pay for it by bartending on the weekend complaining about helping the younger generation with 6 figure student loan debt.
Here's the problem. And in addition to this, I bet the percentage of majors offered by colleges that result in the students getting decent jobs is lower now than in the past.

https://www.visualcapitalist.com/rising-cost-of-college-in-u-s/
 
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bdgan

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Saying "tuition prices have increased at multiples higher than the inflation rate" makes is passive, as if it's something that just happened and nobody had control over. A more accurate way to say it is "colleges have increased tuition prices at multiples higher than the inflation rate." In addition to being more accurate, putting it that way shows where some of the blame should go.
So what? People still had a choice of where to go to school and what to study. The government sucked them in with easy money but it was still their choice.

People still have a choice to attend community college for two years, save room and board by studying online, or attending a less expensive state school. And yes, major in something that will give them a payback.
 
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bison13

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Dec 22, 2007
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As someone who works in education there are so many layers to this issue. First high school teachers and counselors need to stop telling every kid they should go to college. We’re setting up so many of these kids to fail because they aren’t ready to go to a four-year school, but yet, mostly liberal women tell these kids to live their dream and they go to a school that chews them up and spit them out after a couple years so that they don’t even have a degree to show for it. Second those same women I mentioned above tell these kids to go to college without having any idea what they want to major in so they spend two years fiddling around at a school that costs $40,000 instead of going to the local community college that costs four.

once the kids get to school very few of them work while they are there to make any extra money and everyone of them wants to take some kind of long trip over spring break or go out to eat every night of the week because they don’t like commons food. If the kids were just to save that money and use their meal plans the right way they have some thing to help pay off part of their tuition.
And then like others have said, once they get out they need to find a roommate instead of trying to go live in the big city finding a job with their useless degree. they need to figure out that getting a roommate and buying a used car are bigger keys to the future and if they’re truly smart about eliminating the student loan they immediately go to a bank and try to get some thing worked out so that they’re not paying 8% on the loan or Talk to employers about them taking on the loan and repaying it back to the company.
 
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bdgan

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May 29, 2008
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As someone who works in education there are so many layers to this issue. First high school teachers and counselors need to stop telling every kid they should go to college. We’re setting up so many of these kids to fail because they aren’t ready to go to a four-year school, but yet, mostly liberal women tell these kids to live their dream and they go to a school that chews them up and spit them out after a couple years so that they don’t even have a degree to show for it. Second those same women I mentioned above tell these kids to go to college without having any idea what they want to major in so they spend two years fiddling around at a school that costs $40,000 instead of going to the local community college that costs four.
High school guidance counselors advised my kids to "do what you love" and showed little regard for the cost. They just pointed them towards scholarship and loan options. It was frustrating having to be the bad guy by telling them that the purpose was to make a living.
 
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Lion84

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This thread is hilarious. A bunch of Boomers who went to college when you could pay for it by bartending on the weekend complaining about helping the younger generation with 6 figure student loan debt.
What about the people that worked multiple jobs and families that went into debt to pay for their kids education - where is there free lunch and they are going to be really pissed if this comes to pass - another brain dead decision but an already brain dead President.
 
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m.knox

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Here’s an interesting stat….from Wsj article….
8% of people own 40% of the debt ….and since 2017, those who owe $200,000 or more has increased by 69%. That last one is from dept of education. it’s funny that some who want to wipe out $1.6 trillion of debt seem to have forgotten that when the Obama admin sold this to congress, it was going to make money.

I've said this a hundred times. The AVERAGE monthly student loan payment to the AVERAGE monthly earnings of a recent college graduate are roughly the same as they were in the late 80's - 11 to 13%.

Just google it and do the math for yourself.

It is absolutely astounding how the left has hooked their wagon to this non-issue. They are as dug is as any cult member could be.

Second to that, here the government creates a program to get Americans educated, and Americans use it to the tune of (wait for it....).... TRILLIONS OF DOLLARS, and they complain that TRILLIONS OF DOLLARS are being used....

You can't make this shit up.
 

m.knox

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This thread is hilarious. A bunch of Boomers who went to college when you could pay for it by bartending on the weekend complaining about helping the younger generation with 6 figure student loan debt.

LOL... Leave it to you to be uniformed and ignorant.
 

m.knox

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You don’t think tuition prices have increased at multiples higher than the inflation rate. You would be wrong.

Yes things did change..a lot.

Do the math yourself. Triple dog dare you.
 

m.knox

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Biden’s Loan Forgiveness Fraud​


@BW Lion .... You were saying.......

https://issuesinsights.com/2022/05/02/bidens-loan-forgiveness-fraud/

His popularity flagging, President Joe Biden is using the oldest trick in the book to return voters to the Democrats’ fold: Don’t earn their future votes, buy them. And that’s exactly what Biden is doing with his $1 trillion plan to “forgive” student loans.

Biden had already allowed students to “postpone” paying their loans during the pandemic “emergency,” even those who have jobs and could make the payments.

So why now forgive the loans? The truth is, one of the biggest recent declines in Biden’s support comes among Americans of college age and slightly older, the very group most likely to have a pile of student loans.

What better, or more cynical, way to revive their flagging political support than to bribe them with a “free” education?

.................................

Biden’s student loan forgiveness is a bad idea from a politically desperate president. We hope it will be legally challenged and struck down in court as an illegal exercise of presidential power. If not, you’ll just have to add this to the growing pile of Biden’s messes that the next president will have to clean up.