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re: "Travel enthusiast” is grateful his student loans are forgiven
Posted on 4/15/24 at 2:10 pm to JohnnyKilroy
Posted on 4/15/24 at 2:10 pm to JohnnyKilroy
quote:
The option to go PSLF and work in public service for ten years in exchange for some amount of their loans being forgiven was in place when they took on the loan.
The loan they asked for came with several different payback options. One option was to work public service and have some of the loan wiped out after 10 years.
They took that option.
Got it. I've never heard of this. I still disagree with it, but I 've never heard of it.
Argument over
0
Posted on 4/15/24 at 2:25 pm to jose
quote:
Again, I see your argument here, but if you agreed to risk when you requested the loan, then it's on them.
My point is the risk for students today should not be more than the risk for student back in the day. This idea that you do not pay back loans on these programs is not realistic, you are still making payments to pay back monies no different that the other person did two decades ago, the only difference is a subsidy upfront during school or a lump sum payment after the fact. There is zero difference to the tax payers in the end.
Posted on 4/15/24 at 2:31 pm to Joshjrn
quote:
I suppose I really shouldn't be surprised to see the exact same ignorant arguments being made and responded to on nearly every page of this thread, but somehow I still am
I hate to say that I have enjoyed the back and forth.
Almost as much as I'm going to enjoy getting all of that money forgiven in a few months.
This post was edited on 4/15/24 at 2:33 pm
Posted on 4/15/24 at 2:34 pm to HarveyBanger
quote:
I can’t think of anything more demeaning than a grown man having his F’in pronouns in his bio.
Without them he might not have his high powered job…
Posted on 4/15/24 at 2:43 pm to stout
quote:
No not really and if so it depends on the business. Am I in favor of tax credits for the film industry like we used to have? No. Nuclear power is a utility and a bit of a different animal.
quote:
It amazes me how much people love themselves socialism but only certain parts of it.
Posted on 4/15/24 at 2:47 pm to JohnnyKilroy
quote:
It amazes me how much people love themselves socialism but only certain parts of it.
Your gotcha attempt is bad one. I said we shouldn't use tax money to offset a business like the film industry but a utility I can see the argument for it.
Shouldn't the benefit of state taxes be capital investments in things such as utilities, roads, etc? How is that socialistic compared to student loan forgiveness?
Posted on 4/15/24 at 2:52 pm to stout
quote:
Shouldn't the benefit of state taxes be capital investments in things such as utilities, roads, etc? How is that socialistic compared to student loan forgiveness?
Idk how an individual providing a service they otherwise might not do in exchange for a lower loan balance is socialism.
The government gives a ton of free shite to our servicemen. Is that socialism too?
This post was edited on 4/15/24 at 2:52 pm
Posted on 4/15/24 at 2:56 pm to JohnnyKilroy
quote:
Idk how an individual providing a service they otherwise might not do in exchange for a lower loan balance is socialism.
But they aren't really doing it for less. One even admitted it ITT. Also, you leave out the part they are only doing so for 10 years then they will jump to the private sector if there are better-paying jobs. What is the benefit to the public to have those jobs filled for a short time and have to keep funding the next group up to fill the vacancies? It's a never-ending cycle.
quote:
The government gives a ton of free shite to our servicemen. Is that socialism too?
This is a really bad example. Way worse than your argument about utilities.
Posted on 4/15/24 at 3:08 pm to Capt ST
quote:
So typical govt employee and program didn’t work according to plan?
No, he just wants a reason to credit Biden because OMB.
Posted on 4/15/24 at 3:10 pm to WaydownSouth
quote:
Thanks to the save plan I'll be paying $400 instead of $1000 a month for another 5 years and will qualify for the same. 100k gone if approved.
Welfare queens rejoice!
Posted on 4/15/24 at 3:11 pm to stout
quote:
Also, you leave out the part they are only doing so for 10 years then they will jump to the private sector if there are better-paying jobs.
10 years is too short? What would a more acceptable time period be?
quote:
But they aren't really doing it for less. One even admitted it ITT.
quote:
This is a really bad example.
You might say that if you were retarded. There’s a frickton of government paid for perks associated with being in the military or even being related to someone in the military.
Posted on 4/15/24 at 3:22 pm to stout
quote:
But they aren't really doing it for less. One even admitted it ITT. Also, you leave out the part they are only doing so for 10 years then they will jump to the private sector if there are better-paying jobs. What is the benefit to the public to have those jobs filled for a short time and have to keep funding the next group up to fill the vacancies? It's a never-ending cycle.
Public sector jobs are hurting for people. Pay and benefits aren't keeping up, so they lose a lot of people to private sector, and they are top heavy with soon-to-be retirees. The writing has been on the wall for a while, so they are throwing something out there to attract more people. 10 years is better than 0. I'm not the biggest fan of it, but I could live with it better if there were a ceiling on the non-taxable limit, and then everything forgiven above that needs to be considered income.
quote:
This is a really bad example. Way worse than your argument about utilities.
Military has the same issue; can't get enough people. They offer student loan payoffs to get people to sign up, and it doesn't need to be a 10-year enlistment.
Posted on 4/15/24 at 3:32 pm to FreddieMac
quote:
My point is the risk for students today should not be more than the risk for student back in the day. This idea that you do not pay back loans on these programs is not realistic, you are still making payments to pay back monies no different that the other person did two decades ago, the only difference is a subsidy upfront during school or a lump sum payment after the fact. There is zero difference to the tax payers in the end.
A lot of things have changed since back in the day. There's a lot more majors available. A lot more students enrolling. When states started pulling their funding, which of course wasn't loans, the federal government offered student loans. High demand with easy access to loans is what has led to a much higher cost of college education relative to the time you speak of with a much higher volume of students.
I don't think you're entirely wrong; tax payers are paying for state contributions now as they were then, but the cost is seriously out of whack now. They need to seriously reduce the amount of loans they give out and the amount enrollees. That may sound like I'm trying to limit freedom of choice, but this country has already seen what unrestricted lending did to the housing market and the overall economy with the collapse in 2008. I'm all for a better educated population, but not at the cost we are seeing, and we are not necessarily better off for all the "educated" people who didn't get useful degrees.
Posted on 4/15/24 at 4:12 pm to DakIsNoLB
quote:
Public sector jobs are hurting for people. Pay and benefits aren't keeping up, so they lose a lot of people to private sector, and they are top heavy with soon-to-be retirees.
This is all true for my field. We are getting more short staffed and can't even hire new people right now because the pay is that much lower. We also have a couple of people in their 70s and still working that will be difficult to replace. We are salaried so that also equals longer hours with a higher workload. Thankfully the loan forgiveness does make it a little easier to bear.
Posted on 4/15/24 at 4:21 pm to stout
Student loans absolutely need to be overhauled and they need to go back to the closed-end installment loans that they were originally. This nonsense that has people paying for a decade and their principal balance barely budges if at all needs to stop.
Posted on 4/15/24 at 5:30 pm to tigerlaw
quote:
Don’t recall specifically, but I think there was an issue where certain people who seemingly qualified for public service loan forgiveness weren’t getting their loans forgiven. Biden forgave those loans. I suspect that’s what happening with this guy.
If that’s the case, I wonder why he wasn’t having his loans forgiven. The public service forgiveness policy is a Bush era policy. The dude took loans when the policy was in place. We can debate the merits of the policy, but he entered into an agreement using current rules at the time. We can agree with the rules or not, but I will never fault someone for using the rules to their advantage.
Posted on 4/15/24 at 5:36 pm to stout
quote:why are you being a jerk? that person isn't asking or begging or acting entitled.
10 years is far too short of a time to earn a little less to get $200K forgiven.
I bet you look down on people using LA purchase cards, though.
Posted on 4/15/24 at 5:43 pm to stout
Not everybody has Twitter why don’t you post in some of the roasting he’s getting
Posted on 4/16/24 at 10:12 am to DakIsNoLB
quote:
I don't think you're entirely wrong; tax payers are paying for state contributions now as they were then, but the cost is seriously out of whack now. They need to seriously reduce the amount of loans they give out and the amount enrollees. That may sound like I'm trying to limit freedom of choice, but this country has already seen what unrestricted lending did to the housing market and the overall economy with the collapse in 2008. I'm all for a better educated population, but not at the cost we are seeing, and we are not necessarily better off for all the "educated" people who didn't get useful degrees.
I agree and you are correct. The main thing that drives the cost of higher education today is salaries. 70% of most higher education budgets are salaries. The main drivers of cost today are the following: reduced state support of institutions, cost of living adjustments and merit raises for employees, federal regulations, and regulations forced by accreditation. There are many things that can be looked at to reduce the cost to students to make loans more meaningful than they are today.
Posted on 4/16/24 at 11:55 am to faraway
quote:
why are you being a jerk? that person isn't asking or begging or acting entitled.
He got click baited into an outrage a la Jeff Landry and he’s mad about it.
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