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re: Would you support paying back student loans w pre tax dollars?
Posted on 2/16/17 at 4:28 pm to Ace Midnight
Posted on 2/16/17 at 4:28 pm to Ace Midnight
quote:
We should teach this in HS, in all honesty - let the industries and unions fund it (or heavily subsidize) and get their non-college bound asses out there to work, rather than waste time preparing for something they're not suited for and unlikely to succeed in.
That alone would streamline a lot of education reforms. Identify the college bound kids in middle school - it isn't rocket science. Get them ready in HS and cut college down to 3 years. The vocational kids are ready to go at 18, and may already have a year or two time in the workplace.
Imagine being a certified electrician or plumber at 18 or 19, with 2 years of apprentice/helper time already? Or HVAC, plant operator training, HAZMAT, CDL, etc.?
Bingo.
that would drop enrollment by 1/2 overnight.
0
Posted on 2/16/17 at 4:29 pm to Pax Regis
quote:
frick no. College enrollment is too high as it is
quote:
We need a paradigm shift in education with more people going to college for hard sciences and engineering here. Not less.
How very obtuse of me.
Anyway, to the OP. I dont have an issue with it, but I do think we need to shift focus.
Posted on 2/16/17 at 4:29 pm to NYNolaguy1
Yes. Either that or give us a principal payment write off.
Posted on 2/16/17 at 4:30 pm to AUbused
quote:
plumbers
Who is going to pay for this training?
Plumbers just dont hire every swinging dick in the job market.
Posted on 2/16/17 at 4:30 pm to MississippiLSUfan
quote:
support you paying back your loans based on the terms THAT ARE ABOVE YOUR SIGNATURE just like everybody else.
All you promised to do is pay them back. Uncle Sam tells you how much he wants before you can do that.
You wouldn't be violating any of those terms by paying them back from your IRA, Bank account, savings account, retirement acct, etc. They don't care where the money comes from, but uncle Sam does.
Posted on 2/16/17 at 4:32 pm to Pax Regis
I agree with you in this. Too many people in college.
Posted on 2/16/17 at 4:33 pm to ninthward
quote:
Who is going to pay for this training?
Plumbers just dont hire every swinging dick in the job market.
Have it be driven by job demand. They need plumbers, so train more plumbers. Need more electricians? Train more...
Posted on 2/16/17 at 4:34 pm to RogerTheShrubber
quote:
Most people aren't suited for STEM jobs
I dont believe this shite for one second.
Sure, some people aren't, but I happen to be pretty optimistic about the capabilities of your average human being. I think its a matter of willpower and work ethic for most people.
The size of my class probably shrank 70% or more between Freshman and senior year and I know for a fact that half those people were just fricking off. Your mileage may vary on that.
More importantly, it we dont have a fricking choice. I dont know if you caught the thread a couple weeks ago regarding productivity increases, but in a nutshell it used to take 25 people to produce 1M in product. Now it takes frickin SIX to make that same amount adjusted for inflation and productivity gains account for the overwhelming majority of that. I can see a future coming up quicker than many would like where a designer can draw something in CAD and then and automated plant just produces it without even retooling. Thats where we're going.
This shift is going to necessitate that our workforce become focused on creation, engineering and design as opposed to low skill assembly.
Posted on 2/16/17 at 4:35 pm to NYNolaguy1
Why should college loans be different from any other loan? Just meet your obligations. Be a big boy. This isn't rocket surgery.
All loans or no loans included in this kind of thinking or....NO.
All loans or no loans included in this kind of thinking or....NO.
Posted on 2/16/17 at 4:37 pm to NYNolaguy1
quote:
I think it has more to do with the easy availability of money. There's no downside to raising tuition. It's not like the colleges care who pays it, and most often it's not the students money that is getting spent, so they don't care either. That said, I think my solution would those who are already out of school to pay back some of their loans.
Actually it is 100% related to federally backed student loans and Pell grants.
I've posted links to the studies before but am drunk and too lazy to do it right now.
This is by memory but if I call correctly...
for every dollar of Pell Grant money Tuition rose 70 cents to eat up the benefit.
The other bad side affect of Federal Student loans is it gives colleges and Universities the opportunity to have more worthless programs of study...
Such as Native American Lesbian and Gender Dance Studies.
These worthless programs produce worthless graduates who can't get a job and be productive members of society and eventually all on the taxpayer dime.
Posted on 2/16/17 at 4:37 pm to Pax Regis
quote:
frick no. College enrollment is too high as it is. We need to encourage some folks to skip college and get their arse straight into a skilled trade as opposed to borrow money to screw around and flunk out of school.
There might be a point to this. I have lived in several states and generally have a really tough time acquiring skilled labor for projects that range from concrete, painting, plumbing, roofing, electrical, to just general building stuff.
There might be some contractors here that can speak to this with more authority. My personal experience, as well as family members, seems consistent -- there just isn't enough good, sober skilled labor to help get shite done.
Posted on 2/16/17 at 4:38 pm to MississippiLSUfan
quote:
Why should college loans be different from any other loan? Just meet your obligations. Be a big boy. This isn't rocket surgery.
Because they were used to pay for tuition that can currently be paid for with pre-tax dollars. It's assymmetrical.
Why are you in favor of the govt holding more money?
This post was edited on 2/16/17 at 4:40 pm
Posted on 2/16/17 at 4:39 pm to MississippiLSUfan
quote:
I support you paying back your loans based on the terms THAT ARE ABOVE YOUR SIGNATURE just like everybody else.
I feel like you didn't get the point of this post at all.
Posted on 2/16/17 at 4:39 pm to Tiger Khan
quote:
there just isn't enough good, sober skilled labor to help get shite done
I think there's a lot of lazy doped up motherfrickers living off the gubment. My grandfather was a foreman and I know he often had issues with people just being big pieces of shite.
Posted on 2/16/17 at 4:40 pm to NYNolaguy1
That's a good idea.
Posted on 2/16/17 at 4:40 pm to NYNolaguy1
So, you want a tax break for over extending?
Posted on 2/16/17 at 4:40 pm to LNCHBOX
quote:
feel like you didn't get the point of this post at all.
I can now count on TWO hands the number of times we have agreed on something.
Posted on 2/16/17 at 4:41 pm to Maytheporkbewithyou
quote:
, you want a tax break for over extending?
No, just getting rid of debt quicker. Also the perk of the govt holding less of my money is also alluring.
This post was edited on 2/16/17 at 4:42 pm
Posted on 2/16/17 at 4:44 pm to NYNolaguy1
I wonder how many posters on this thread advocating against this proposal will be itemizing deductions this tax season to claim the mortgage interest deduction.
Pay back your loans without government handouts, amiright?
Pay back your loans without government handouts, amiright?
Posted on 2/16/17 at 4:46 pm to NYNolaguy1
quote:
No, just getting rid of debt quicker. Also the perk of the govt holding less of my money is also alluring.
Actually, as long as taxpayers aren't burdened with picking up the tab for college then I would be good with a tax deduction. You can get one for mortgage interest, medical bills, green home improvements, and dependent care. As long as the loan is being paid back by the borrower then this could work.
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