- 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 3:20 pm to Powerman
Posted on 8/24/22 at 3:20 pm to Powerman
quote:
I said they'd be required to pay in full but
And I said why not just require them to pay in full, without all the bullshite, then? You know, how they agreed to do it WHEN THEY TOOK THE LOAN.
Posted on 8/24/22 at 3:25 pm to troyt37
It's just a different payment option a-hole. It allows them to pay based on a percentage of their income that should increase over time and won't cause a financial hardship earlier in their career when their earnings are lower. And not a single person cares about your son and his situation. You don't solve problems in a country with 340 million people based on personal anecdotes. Hopefully your son learned that because the concept is lost on you.
This post was edited on 8/24/22 at 3:28 pm
Posted on 8/24/22 at 3:30 pm to boogiewoogie1978
quote:
And "just pay back your loans" is not an option
Says who? Yes, it is the only option! They agreed to the loans..they should be the ones to pay it back.
Posted on 8/24/22 at 3:38 pm to Powerman
quote:
It's just a different payment option a-hole. It allows them to pay based on a percentage of their income that should increase over time and won't cause a financial hardship earlier in their career when their earnings are lower. And not a single person cares about your son and his situation. You don't solve problems in a country with 340 million people based on personal anecdotes. Hopefully your son learned that because the concept is lost on you.
It's not an anecdote, Skippy. It's a real life situation concerning the exact "crisis" that you think needs a solution. What my son learned is that if you work hard enough, and sacrifice, you can get yourself out from under the debt you accrued to get your education. He learned that he may have to take a job that's beneath his education level. He learned that he may have to eat Ramen noodles instead of going out with his friends. He learned personal responsibility. Which is the concept that is lost on you, and apparently all these people who claim there is a crisis.
Here's an anecdote for you. I sent my son a text, asking him if he was pissed, since he just paid off his loan. He said, "not really, I don't want the government's stolen money anyway." In my eyes, that's the problem we have in this country in a nutshell. You have some people raising their kids to be independent, self-reliant, productive citizens. And then you have a whole lot of people who are raising their kids to expect the government to solve the problems that they got themselves into, the same way their parents did when they were kids.
This post was edited on 8/24/22 at 3:51 pm
Posted on 8/24/22 at 3:41 pm to boogiewoogie1978
quote:
And "just pay back your loans" is not an option.
Why is it not an option?
Posted on 8/24/22 at 3:43 pm to boogiewoogie1978
Make the Universities pay back the loans and then stop offering worthless degrees and then fire the faculty who teach worthless classes.
Posted on 8/24/22 at 5:35 pm to Taxing Authority
quote:
Our society is failing.
It looks that way. More and more I notice people have become soft and want easy solutions right now.
Posted on 8/24/22 at 5:48 pm to boogiewoogie1978
quote:programmers.
What is your best proposal to fix the student debt crisis?
Toughen up admission standards and loan requirements. Push most kids into community colleges and trade schools and 2 yr programs.
Posted on 8/24/22 at 5:52 pm to boogiewoogie1978
Cut college tuition and fees by 25%
Cut college administrators by 50%
Cut professors pay by 25%
Increase professors “work” hours by 25%
The amount of loan money a student can qualify for should be directly related to the projected income of their major.
i.e.
A Masters degree in Art History will qualify for much less than an engineering degree.
ALSO
If your majoring in Art History and any other curriculum that will guarantee very little income…you should be required to attend a state school.
Cut college administrators by 50%
Cut professors pay by 25%
Increase professors “work” hours by 25%
The amount of loan money a student can qualify for should be directly related to the projected income of their major.
i.e.
A Masters degree in Art History will qualify for much less than an engineering degree.
ALSO
If your majoring in Art History and any other curriculum that will guarantee very little income…you should be required to attend a state school.
Posted on 8/24/22 at 6:24 pm to boogiewoogie1978
Be responsible and pay your fricking loans. It’s not that hard.
Posted on 8/24/22 at 6:30 pm to boogiewoogie1978
Stupidity, laziness and greed are not a “crisis.”
Posted on 8/24/22 at 6:31 pm to boogiewoogie1978
quote:
And "just pay back your loans" is not an option.
Wtf?
Posted on 8/24/22 at 6:32 pm to boogiewoogie1978
quote:
And "just pay back your loans" is not an option.
So being responsible and paying your loan obligation is not an option? What you’re saying is we must formulate a strategy to reward irresponsibility.
Here, let’s try this as a partial solution to end the government subsidized pursuit of worthless college degrees.
If you’re not in a STEM degree program you do not get government money/loans for your degree…..go to a private lender, better yet frick all government involvement in higher education.
Posted on 8/24/22 at 6:44 pm to boogiewoogie1978
1. Close redundant and failing higher education institutions. Those places siphon their operating expenses from poorly prepared students who are subsidized by federal student loan debt.
2. Index student loan assignments/dispersals to institutional performance. If a college has a lower graduation rate then that should factor into the loan review.
3. Prioritize loan approvals for needed fields of study (STEM, healthcare)
2. Index student loan assignments/dispersals to institutional performance. If a college has a lower graduation rate then that should factor into the loan review.
3. Prioritize loan approvals for needed fields of study (STEM, healthcare)
This post was edited on 8/24/22 at 6:47 pm
Posted on 8/24/22 at 7:51 pm to boogiewoogie1978
Tax endowments. Set up a direct revenue stream.
Posted on 8/24/22 at 8:47 pm to boogiewoogie1978
Get a freaking job and cut your hair- you worthless hippie
Posted on 8/25/22 at 8:45 am to TigerFanatic99
quote:Totally agree. You've got several parties in this mix with zero skin in the game, namely the banks and the schools. And the folks footing the bill, the taxpayer, have no say in the outcome. The whole situation is completely goat fricked.
The bolded entity is not getting NEARLY enough blame and discussion for this.
Posted on 8/25/22 at 8:52 am to boogiewoogie1978
Limit lending to a multiple of the average starting salary of a program in which the student is enrolled.
You’re an engineer? You get X times Y.
You’re a social worker? You get 2 times $40k.
The interest only repayment needs to end. That has propped up the student loan problem and also made students feel like they’re getting ripped off.
Finally, have universities take out a sort of analogy to PMI. If they have a stake in the outcome, their admission and retention policies will necessarily adjust.
You’re an engineer? You get X times Y.
You’re a social worker? You get 2 times $40k.
The interest only repayment needs to end. That has propped up the student loan problem and also made students feel like they’re getting ripped off.
Finally, have universities take out a sort of analogy to PMI. If they have a stake in the outcome, their admission and retention policies will necessarily adjust.
Posted on 8/25/22 at 8:53 am to OMWsux
quote:
Close redundant and failing higher education institutions. Those places siphon their operating expenses from poorly prepared students who are subsidized by federal student loan debt.
Good idea.
Posted on 8/25/22 at 8:55 am to boogiewoogie1978
quote:
And "just pay back your loans" is not an option.
Typical. Stereotypes exist for a reason.
Subsidizing and forgiving makes college more expensive, not less.
Put the schools on the hook. They bear no responsibility.
Allow discharge of loans with appropriate penalty.
Popular
Back to top
Follow TigerDroppings for LSU Football News