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re: Why are Biden/Dems allowing new student loans?
Posted on 3/21/24 at 11:38 pm to DaBike
Posted on 3/21/24 at 11:38 pm to DaBike
FedGov took over student loan ownership in 2010, loan balances exploded. College costs increased. I was involved in the Information Security portion of a state bidding for the work.
The cost of university, loans, has been very closely tracked for decades. Nobody wants to hear it, even though it's reality. Where did that lazy river around the student center get paid from? Don't ask questions, take selfies, and bitch about your loan five years from now.
But they/them needs the Early American Women's Studies degree from an Ivy that costs $200k. Gotta fulfill wants of your electorate.
Where are the loans for the trade schools? Most of them will make far, far, more than most college graduates. I never would have gotten a degree if I knew how much I could make owning a trades business.
The cost of university, loans, has been very closely tracked for decades. Nobody wants to hear it, even though it's reality. Where did that lazy river around the student center get paid from? Don't ask questions, take selfies, and bitch about your loan five years from now.
But they/them needs the Early American Women's Studies degree from an Ivy that costs $200k. Gotta fulfill wants of your electorate.
Where are the loans for the trade schools? Most of them will make far, far, more than most college graduates. I never would have gotten a degree if I knew how much I could make owning a trades business.
1
Posted on 3/22/24 at 8:06 am to LemmyLives
quote:
But they/them needs the Early American Women's Studies degree from an Ivy that costs $200k.
Federal student loans (the ones the government wants to forgive) are capped. Undergrad limit total is $31K for dependent students, and $57K for independent students and dependent students who have parents who don't qualify for a PLUS loan.
So that $200K is, at most, about 25% covered with federal backed student loans.
quote:
Where are the loans for the trade schools? Most of them will make far, far, more than most college graduates. I never would have gotten a degree if I knew how much I could make owning a trades business.
Same program, chief.
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