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Started By
Message
1
Posted on 8/25/14 at 8:00 am to cjared036
quote:IT IS ALREADY IN PLACE!
The article linked, regarding Elizabeth warren,does not mention forgiveness.
Her proposals are above and beyond.
Posted on 8/25/14 at 8:02 am to NC_Tigah
quote:Did I read you are in banking?
cjared036
Posted on 8/25/14 at 8:10 am to NC_Tigah
I like those proposals.
I am not familiar with forgiveness proposals. Just what Elizabeth warren is proposing on this subject via the article.
I know some people are paying over 10% on student loans. Reasons are either theirs or a reflection of something else(bad economy). The government is profiting off of this and I think that is wrong. Rates should be capped. You should be able to refinance public and private loans together. Just my opinion tho.
With student loan #s(overall loan balance/default rates) going up across the board, I think some relief is needed. The system as it is is not working and it will be broken soon enough.
I don't really mean to antagonize anyone on here. Just wanted to get attention. it seemed to
Me that most of the opinions on here we're very narrow.
I am not familiar with forgiveness proposals. Just what Elizabeth warren is proposing on this subject via the article.
I know some people are paying over 10% on student loans. Reasons are either theirs or a reflection of something else(bad economy). The government is profiting off of this and I think that is wrong. Rates should be capped. You should be able to refinance public and private loans together. Just my opinion tho.
With student loan #s(overall loan balance/default rates) going up across the board, I think some relief is needed. The system as it is is not working and it will be broken soon enough.
I don't really mean to antagonize anyone on here. Just wanted to get attention. it seemed to
Me that most of the opinions on here we're very narrow.
This post was edited on 8/25/14 at 8:15 am
Posted on 8/25/14 at 8:10 am to DeltaDoc
quote:
Might as well hop on the gravy train.
I am coming around to this as well
Posted on 8/25/14 at 9:31 am to cjared036
quote:Nope. Never said that. I assume everyone that refuses to pay them back, and thinks someone else should pay it for them is an immature frick up. Huge difference.
you assume everyone with student loans is some frick up with a worthless degree.
quote:The reason really is irrelevant.
The economy is partly to blame for student loan default rates.
But let's assume it was... If the economy was good... Would you support raising the amount borrowers have to pay back?
quote:It is not the government'a job to ensure you do any of these things. It's not the governments job to ensure you have a house and a car. It's not governments job to ensure you find a wife/husband. It certainly isn't the job of "the rich" to solve these personal problems.
Lowering the interest rate will allow for more flexibility to pay back loans, allow a lot of these people to save money to buy houses and cars, allow them to move on with their life/find someone willing to marry them and their student loans
quote:Why should we reward failure? Secondly, no one is saying they should be punished for getting an education. They should face the consequences of keeping their promise to pay back the money. Why do you have a problem with honesty?
Oh but you think frick them because they tried to get an education.
quote:
frick them because there is someone on capital hill finally making an argument for the middle class.
quote:
frick them because they are going to raise taxes on people who enjoy tax breaks, low interest products.
yeah. There are no tax benefits for "the poor" and "middle class"... It still makes no difference.
The borrowers made a promise to pay the loans back. Why should "the rich" have to pay back--what someone else promised to pay back? They had NO participation in the transaction, no benefit, yet somehow have to pay for it? That doesn't seem "fair" to me.
quote:We have vastly different definitions of fiscal conservative.
I do believe it is wrong for the federal government to profit off of its individuals. That's the fiscal conservative coming out in me.
This post was edited on 8/25/14 at 9:47 am
Posted on 8/25/14 at 9:35 am to cjared036
The government isn't making money off of these loans. It's borrowing the money. And then hoping it gets paid back. If they lower the rate, then it's just the public subsidizing stupid degrees. If they were really making money, then rates would be where the private loans are.
Posted on 8/25/14 at 9:38 am to cjared036
quote:So what? It's their money. As long as they don't ask me to pay their mortgage ... I don't care.
The rich take out mortgages to take advantage of the mortgage interest deduction. Even though they could easily buy their house(s) in cash.
Posted on 8/25/14 at 1:25 pm to upgrayedd
quote:
Or they could go to trade school and make more than people with a degree.
I took this route. I started at the bottom, worked hard and moved myself up. I made moves at the right time to further my career. I took jobs that were not in my field just to get experience and still take projects that in areas I want to learn. That has made my skills more marketable. I make a good living and enjoy what i do.
People today want to start at the top and make top dollar.
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