- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: What is your best proposal to fix the student debt crisis?
Posted on 8/24/22 at 1:54 pm to boogiewoogie1978
Posted on 8/24/22 at 1:54 pm to boogiewoogie1978
First off...what crisis? You have people deciding to attend universitates and colleges knowing full well what they'll have to pay in tuition. These people are deciding on what they'll study and if they'll go on to Graduate School.
My son is a freshman this Fall. He could've stayed in Missouri and received more scholarship money. He wanted to go out-of-state so that expense is either on him or us, his parents.
All debts are paid. The debtor can pay off his/her debt or the creditor can pay it by forgiving the debt.
My son is a freshman this Fall. He could've stayed in Missouri and received more scholarship money. He wanted to go out-of-state so that expense is either on him or us, his parents.
All debts are paid. The debtor can pay off his/her debt or the creditor can pay it by forgiving the debt.
Posted on 8/24/22 at 1:55 pm to boogiewoogie1978
It is only a crisis for the lazy frickers who borrowed money with no intention of repaying!
DEMOCRATS ARE LOSERS!
DEMOCRATS ARE LOSERS!
Posted on 8/24/22 at 1:57 pm to roadGator
This get-out-of-jail-free card targets people whose voting decisions are easily swayed. Don't kid yourself. Chapter 2 of "How to legally Buy Votes". Chapter 1 was the Inflation Reduction Act.
The timing is soooo convenient, don't you think? Happy Midterms!!
The timing is soooo convenient, don't you think? Happy Midterms!!
Posted on 8/24/22 at 1:57 pm to boogiewoogie1978
quote:If you can’t pay the loan back, default and declare bankruptcy
What is your best proposal to fix the student debt crisis?
Posted on 8/24/22 at 2:02 pm to deeprig9
Recalculating
This post was edited on 8/24/22 at 2:11 pm
Posted on 8/24/22 at 2:04 pm to boogiewoogie1978
Cancel the program. It’s obviously a colossal failure.
Posted on 8/24/22 at 2:08 pm to thunderbird1100
quote:
There's ways around that, like going private potentially getting a loan (or consolidate the debt) and paying off the federal debt that way, then that NEW loan could be bankruptable. But the govt put in very strict conditions over the years about making federal student loans almost impossible to bankrupt.
So the federal government on their student aid website is lying.
Posted on 8/24/22 at 2:18 pm to deeprig9
Facts from the link in the article-
For those who owe more than $40k in current balances-
Ages 25 to 49 owe 71% of all the debt.
That includes all of the millennials and a small subset of GenX.
This really is a millennial problem for the most part. Don't believe the shady cherry picked and inaccurate stats put together by "journalists".
For those who owe more than $40k in current balances-
Ages 25 to 49 owe 71% of all the debt.
That includes all of the millennials and a small subset of GenX.
This really is a millennial problem for the most part. Don't believe the shady cherry picked and inaccurate stats put together by "journalists".
Posted on 8/24/22 at 2:21 pm to LSUisKING
quote:
Why is this not an option? It is with every other type of loan... It's what a loan is BY DEFINITION.
By definition these loans aren't the same as every other loan
Posted on 8/24/22 at 2:27 pm to thunderbird1100
Why the actual frick do you think it matters what age group a borrower is in?
And why didn’t you post the percentage of people in each age group?
And why didn’t you post the percentage of people in each age group?
Posted on 8/24/22 at 2:28 pm to boogiewoogie1978
I think a rational approach would be an opt in approach. If you want to pay your loans back as scheduled do so.
If you want your loan balance forgiven then fine. But your tax liability then goes up. Increase the federal income tax liability for anyone that wants their loans erased by 5 to 10% until the debt is settled. On 100% of income in any form.
Tax deferrals on things like 401k should be eliminated for people who have outstanding loan forgiveness and could be calculated into it as well.
If you want your loan balance forgiven then fine. But your tax liability then goes up. Increase the federal income tax liability for anyone that wants their loans erased by 5 to 10% until the debt is settled. On 100% of income in any form.
Tax deferrals on things like 401k should be eliminated for people who have outstanding loan forgiveness and could be calculated into it as well.
Posted on 8/24/22 at 2:28 pm to Powerman
quote:
By definition these loans aren't the same as every other loan
Hell they aren't. You take the money, you agree to pay it back. You don't sign on the dotted line saying you are on the hook for it, you don't get the money.
Posted on 8/24/22 at 2:31 pm to boogiewoogie1978
quote:
And "just pay back your loans" is not an option.
Why not? “Just pay back your loan” is the solution for literally every other loan. Should my mortgage be forgiven? My vehicle payments? Give me a valid argument as to why student loan debt is somehow special and different from all other types of debt and thus should be “forgiven”.
Sidebar: the president doesn’t have the constitutional authority to “forgive” loans as though he was pardoning someone for a crime.only congress has the power of the purse.
Article I, Section 8, Clause 1
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
Key words there are “The Congress shall have Power”. Notice how it doesn’t say jack shite about the president having the power to spend, much less spend $300,000,000?
Posted on 8/24/22 at 2:37 pm to boogiewoogie1978
Allow people to bankrupt on them!
Posted on 8/24/22 at 2:42 pm to Powerman
quote:
I think a rational approach would be an opt in approach. If you want to pay your loans back as scheduled do so.
If you want your loan balance forgiven then fine.
fricking clown world. How about an ACTUALLY rational opt in approach. If you are going to pay back the loan you get one. If you're not, you either don't get one, or you default on the loan, and get your credit fricked until you do?
This post was edited on 8/24/22 at 2:45 pm
Posted on 8/24/22 at 2:47 pm to troyt37
quote:
fricking clown world. How about an ACTUALLY rational opt in approach. If you are going to pay back the loan you get one. If you're not, you either don't get one, or you default on the loan, and get your credit fricked until you do?
You can't default on student loans which is what makes them different from other loans
How do you not know this?
Posted on 8/24/22 at 2:49 pm to troyt37
quote:
Hell they aren't. You take the money, you agree to pay it back. You don't sign on the dotted line saying you are on the hook for it, you don't get the money.
quote:
Hell they aren't. You take the money, you agree to pay it back. You don't sign on the dotted line saying you are on the hook for it, you don't get the money.
You can't default on student loans you moron
Posted on 8/24/22 at 2:49 pm to deuceiswild
quote:
Why the actual frick do you think it matters what age group a borrower is in?
And why didn’t you post the percentage of people in each age group?
Credit history might be a factor
Posted on 8/24/22 at 2:52 pm to boogiewoogie1978
What crisis? Is the country falling apart? Or did people just make bad decisions?
There is no crisis.
There is no crisis.
Posted on 8/24/22 at 2:53 pm to boogiewoogie1978
Raise standards at unis and beef up trade schools and encourage your marginal students to pursue a trade and not a marketing or gen studies degree.
Back to top
Follow TigerDroppings for LSU Football News