re: Biden leaning towards canceling 10K in student loan debt if u earn less than 125K

May be we should not let people borrow money to study useless degrees

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Just say it

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Say what?

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FJB

I just paid the last 3k of mine. Took just under 10 yrs. Amazing that...I knew what I was getting into and calculated that if my degree got me 1200 a year more over the rest of my working life, it would be worth it. No sugar daddy needed

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cancellation of up to $10,000 in student loan debt per borrower 


tuition becomes $10000 more expensive

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I'm not sure when they started the Pell grant or American opportunity credit, but I bet tuition increased accordingly with those as well.
Cost of education is the biggest issue. The most fundamental level of education is elementary through highschool. The quality is shite now. College is halfway shitty too because they allow people to get worthless degrees. It definitely needs to be restricted. If the graduating students can't get jobs (lets say 75% threshold for job placement), then the schools should have to limit entries to that degree. That threshold shouldn't change whether it's based on a shitty degree or poor GPA. They don't care about putting out quality candidates for necessary jobs, they care about money. Every other loan out there has some minimum criteria to obtain it, why should student loans be different? What's the likelihood of payback within a certain time, what's the likelihood that the loan the education is paying for leads to a good paying job, etc?

Could you imagine if public schools had tuition like tax payers funded state universities? Not saying professor's incomes should drop to that of k-12 teachers, but they could stand to come down and k-12 could stand to come up, provided they also meet a decent minimum requirement for student education results.

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What 4 year degree pays on average 125k straight out of college?

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Very, very few Americans make $125,000, no matter how bad the OT wants you to believe they all do.

Stfu dipshit

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while people rotting away in a regular office job don't get the reward because they're "rich".

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Where are all these 125k office jobs that I can just rot at?

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Where are all these 125k office jobs that I can just rot at?

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They're not women's studies degrees. You kids realize not everyone is straight outta college and single, right?

What about those of us who actually started saving and putting away money in college plans when the kids were born so we didn’t have to take out loans to pay for college. The fit one will be done in May, no loan. Second one is just starting and we should be good for 4 years, though market really affected that. At worse, we may have to take out small amount for last year.
We are not rich by any stretch but smart with our money and have always been able to do what we want. Have a house, reliable cars, vacations,sports, etc…Why the hell should I pay for someone else’s kid to go to school . Do I get some of my hard earned money back?