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re: Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
Posted on 6/17/19 at 3:09 pm to FalseProphet
Posted on 6/17/19 at 3:09 pm to FalseProphet
quote:
And, why is it an assumption that all people incur debt for worthless degrees?
How could you argue that a degree which does not offer income enough to pay off the cost of the degree is anything but worthless?
1
Posted on 6/17/19 at 3:12 pm to pizzatiger
quote:
I mean, he's not completely off base. For example, to get a CPA license you need 150 hours of college credit. That's 30 hours over a traditional 4 year degree. You essentially have to get a masters degree or the equivalent of one just to be a fricking accountant. It's wild.
Meanwhile, your superiors don't even have that much education. How does that make sense?
It makes sense because there are candidates who have said prerequisites. What wouldn't make sense is suggesting a business shouldn't use things like this in hiring decisions.
Posted on 6/17/19 at 3:17 pm to BulldogXero
quote:
Tuberulosis vaccine is a slap in the face to all those who died from TB
why do people keep trying to defend this unfair and irrational policy with metaphors of discovering medical treatments?
yes, because people with TB chose that disease and those who were lucky to be born after TB had a cure made rational choices leading to their birth date?
This post was edited on 6/17/19 at 3:18 pm
Posted on 6/17/19 at 3:25 pm to SlowFlowPro
quote:
yes, because people with TB chose that disease and those who were lucky to be born after TB had a cure made rational choices leading to their birth date?
Did people who really went to college really choose to though? How many people would've been better off either going to a trade school or not going to college at all, but went anyway because of family, society, school pressure.
Posted on 6/17/19 at 3:26 pm to BulldogXero
quote:
Did people who really went to college really choose to though?
What percentage were forced?
Posted on 6/17/19 at 3:31 pm to roadGator
quote:
What percentage were forced?
I can't put a number on it, but when momma works 80 hour weeks at the garment factory so that Johnny could go to university to get an education, Johnny isn't telling momma that he'd rather be an auto mechanic.
Literally the same people who pushed an entire generation of kids into college are the same ones who now 1) refuse to hire them because they lack "experience" and 2) have no sympathy whatsoever for their so-called "poor decisions."
Look, if you think it's a good idea for an entire generation of kids to enter the adult world at minimum 25,000 in debt, I don't think there's anything else I can say to you
Posted on 6/17/19 at 3:34 pm to BulldogXero
As someone that took 6 years to graduate due to having to work to pay my own way, you will not find any sympathy from me. I did it debt free, on my own and skipped normal college experiences like dorm living.
Cry me a river. (not necessarily you).
Cry me a river. (not necessarily you).
This post was edited on 6/17/19 at 3:35 pm
Posted on 6/17/19 at 3:34 pm to HailHailtoMichigan!
quote:
Should businesses be forced to accommodate customers who didn’t read the print before they signed?
I think those careers that do not allow for loan repayment and a Middle Income standard of living at the same time, should only be funded by none loan students
Posted on 6/17/19 at 3:36 pm to HailHailtoMichigan!
quote:
It’s a slap in the face to people who just finished off paying their loans off, or are halfway or so
It is also a slap in the face to us parents who earned enough money to barely pay for 3 kids college and now we will be expected to pay for other peoples kids college
Posted on 6/17/19 at 3:40 pm to NIH
quote:
We need to get the government out of the lending business so schools cannot keep jacking up the prices. That or we put them on the hook for debt.
This is my biggest issue with student loans. Skyrocketing cost of a 4 year degree are getting out of hand. When tuition for an accounting or engineering degree soars past average starting salaries in those fields then something besides “oh well don’t take out loans.” Sure, there is a contingency of people who should have gone to trade school but conversely there are people that have no business picking up a welding torch.
Posted on 6/17/19 at 3:42 pm to parrothead
quote:
This is my biggest issue with student loans. Skyrocketing cost of a 4 year degree are getting out of hand. When tuition for an accounting or engineering degree soars past average starting salaries in those fields then something besides “oh well don’t take out loans.” Sure, there is a contingency of people who should have gone to trade school but conversely there are people that have no business picking up a welding torch.
Cut out student loans and watch tuition magically sink like a rock.
Posted on 6/17/19 at 3:44 pm to BulldogXero
quote:
Cut out student loans and watch tuition magically sink like a rock.
Also watch useless degree programs like gender studies go away.
Posted on 6/17/19 at 3:46 pm to Loserman
quote:
Also watch useless degree programs like gender studies go away.
You're nothing but a misogynist bigot.
Posted on 6/17/19 at 3:47 pm to BulldogXero
quote:
Cut out student loans and watch tuition magically sink like a rock.
Exactly!
Ran some quick numbers and average Accountant 1 salary is $44,272. Average in state tuition is $10,780 a year ($43,120 total). With a mechanical engineering degee it would be $63,970 starting out and the added 5th year would be at $53,990.
I used Alabama tuition and national salary averages so there’s some cost of living inflation out there that could help or hurt depending on where you live.
Posted on 6/17/19 at 3:51 pm to Loserman
quote:
Also watch useless degree programs like gender studies go away.
I'm not saying whether or not this should be the case, but right now college "is not" workforce training.
Ok, maybe I will take a side. Companies have largely cut out on-the-job training, so there's a real disconnect between when the employers are looking for and what colleges produce. Career centers are a good first step, but colleges have yet to really adapt career readiness.
Posted on 6/17/19 at 3:58 pm to parrothead
Has anyone put a concrete dollar amount on what this loan forgiveness would actually cost? That seems like a logical point to start the discussion. If it's not remotely economically possible (which I'll bet dollars to donuts it isn't), there isn't really a point in even starting the discussion.
Posted on 6/17/19 at 4:00 pm to cable
quote:
Has anyone put a concrete dollar amount on what this loan forgiveness would actually cost? That seems like a logical point to start the discussion. If it's not remotely economically possible (which I'll bet dollars to donuts it isn't), there isn't really a point in even starting the discussion.
If we cut out a lot of superfluous spending and foreign aide (see thread on this topic), we'd have plenty of money for this.
Posted on 6/17/19 at 4:06 pm to BulldogXero
as of 1 year ago, there was $1.5 trillion in student loan debt in the U.S. Compensating those who already paid off their loans would probably triple that number. The country's entire budget for this year was $4.4 trillion.
After that, free college for all would probably cost about $100 billion annually. I don't see any way this is a feasible proposal.
After that, free college for all would probably cost about $100 billion annually. I don't see any way this is a feasible proposal.
Posted on 6/17/19 at 4:07 pm to BulldogXero
quote:
If we cut out a lot of superfluous spending and foreign aide (see thread on this topic), we'd have plenty of money for this.
Plenty of money better spent on other things besides loan forgiveness.
Posted on 6/17/19 at 4:07 pm to cable
quote:
as of 1 year ago, there was $1.5 trillion in student loan debt in the U.S. Compensating those who already paid off their loans would probably triple that number. The country's entire budget for this year was $4.4 trillion. After that, free college for all would probably cost about $100 billion annually. I don't see any way this is a feasible proposal.
I don't advocate either of these things. I don't even know if I support universally wiping away all student loans. I think it should be an owe vs income thing.
This post was edited on 6/17/19 at 4:11 pm
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