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Saint Alfonzo
Syracuse Fan
Member since Jan 2019
3598 posts

re: Cancel student debt for nearly everyone?
How many of you would vote for this dunce?


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56
Powerman
LSU Fan
Corpus Christi TX
Member since Jan 2004
141563 posts
 Online 

re: Cancel student debt for nearly everyone?
quote:


What are you paying per month, the absolute minimum? Same thing will happen with a credit card, with any loan.


No

If you pay the minimum payment on a credit card or other loan the amount owed will still go down. It won't go up.


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22
danilo
Member since Nov 2008
6168 posts

re: Cancel student debt for nearly everyone?
I want Warren phone
This post was edited on 1/15 at 4:03 am


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00
jbgleason
LSU Fan
BTR, suck it all you haters
Member since Mar 2012
12889 posts

re: Cancel student debt for nearly everyone?
Paying off student loan debt with tax dollars isn’t about helping citizens, it’s about turning young voters Democrat. When the D party folks sit around their conference tables, they talk about how if they can capture this crucial demographic now those folks will vote D for the next 60 years. Why waste time on voters who only have a couple of voting cycles left, get those long term ones.

ETA. How is it that everyone has managed to forget that this woman got caught in a huge lie about being an Indian? Why has she gotten a free pass?
This post was edited on 1/15 at 4:26 am


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280
yankeeundercover
Army Fan
HMWHC®
Member since Jan 2010
34692 posts

re: Cancel student debt for nearly everyone?
quote:

Seems unfair to the students who worked hard and paid off their loans.
Think about all the people who spent time in jail for pot in Colorado years ago.


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25
Big_Sur
Auburn Fan
Member since Nov 2012
899 posts

re: Cancel student debt for nearly everyone?
This only helps the rich. Its the privileged rich kids who have student loan debt. This does nothing to help the bottom half of society.


cave canem
Mississippi St. Fan
pullarius dominus
Member since Oct 2012
10627 posts

re: Cancel student debt for nearly everyone?
quote:

As mentioned on this thread, the issue is the interest rate, particularly for graduate students. 7% for an attorney for a debt that can’t be discharged in bankruptcy is just silly. I’ve paid over $30k towards my loans and my balance is higher today than when I graduated.



And what is your excuse for not refinancing them?

And a better one is what all did you borrow money for that was not tuition?

Step one in ending this charade is stop giving loans for more than tuition, no more cars, rental houses or fun money.


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71
johnnyrocket
LSU Fan
Ghetto once known as Baton Rouge
Member since Apr 2013
4086 posts

re: Cancel student debt for nearly everyone?
At the end of the day it will make it harder for people who need to borrow money to go to school to borrow it.

We all will end up paying it back in the form of higher taxes.


iron banks
LSU Fan
Destrehan
Member since Jul 2014
2206 posts

re: Cancel student debt for nearly everyone?
Elizabeth Warren AKA Pocahontas is doing nothing more than pandering to the instant gratification persona looking for votes. There are so many unintended consequences with this idea that it will never happen when the grown ups need to be involved should she ever sniff the White House.


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110
nugget
LSU Fan
Los Angeles, CA
Member since Dec 2009
9622 posts

re: Cancel student debt for nearly everyone?
Sometimes I don’t read this board for a few days and I forget how retarded Mr. Perfect is.


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200
TD SponsorTD Fan
USA
Member since 2001
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SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
369240 posts

re: Cancel student debt for nearly everyone?
quote:

where were you to whine about auto bailout or banker bailout?

didn't hear a peep from your arse then did we..

the auto bailout was lambasted on here brother


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100
shawnlsu
LSU Fan
Member since Nov 2011
15658 posts

re: Cancel student debt for nearly everyone?
quote:

for about 95% of student borrowers

quote:

Sup with the 5 percent of people getting fricked



White males ain't getting shite from Pocahontas


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70
Wtodd
Missouri Fan
Tampa, FL
Member since Oct 2013
48597 posts

re: Cancel student debt for nearly everyone?
quote:

Seems unfair to the students who worked hard and paid off their loans

White privilege has consequences


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71
GCTigahs
Member since Oct 2014
923 posts

re: Cancel student debt for nearly everyone?
Can she cancel my SBA loan from Katrina?


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20
GetCocky11
South Carolina Fan
Arlen, TX
Member since Oct 2012
37607 posts

re: Cancel student debt for nearly everyone?
If she offers this to me, of course I'll take it. I just worry about the effect this would have on already sky-high tuition.


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04
Pvt Hudson
Texas A&M Fan
Member since Jan 2013
1168 posts

re: Cancel student debt for nearly everyone?
quote:

As mentioned on this thread, the issue is the interest rate, particularly for graduate students. 7% for an attorney for a debt that can’t be discharged in bankruptcy is just silly. I’ve paid over $30k towards my loans and my balance is higher today than when I graduated.


Did you not read the loan agreement? Why aren’t you making a payment that is enough to cover the interest due?

If you’ve paid over $30k @ 7% and haven’t reduced your principal, you took out a shit-ton of loans and received a very poor education in return.

That’s not my problem as a tax payer.


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191
Norbert
LSU Fan
Member since Oct 2018
1085 posts

re: Cancel student debt for nearly everyone?
I wish we could cancel all consequences in life.


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50
FlyinTiger93
LSU Fan
Member since May 2010
1108 posts

re: Cancel student debt for nearly everyone?
I still have a sizable student loan, but even washing that debt will not get me to vote for that crazy bitch.


Epic Cajun
New Orleans Pelicans Fan
Lafayette, LA
Member since Feb 2013
20118 posts

re: Cancel student debt for nearly everyone?
quote:

I would expect a check for the roughly $15,000 that I paid off three years after graduating then.
And I would expect a check for the roughly 60k that I paid out of pocket, without taking out a loan



Bolivar Shagnasty
Alabama Fan
Your mothers corner
Member since Aug 2017
490 posts

re: Cancel student debt for nearly everyone?
quote:

Why not just make the interest rates for student loans capped at 1-2%? Total forgiveness is dumb and I’m saying this knowing I would benefit greatly from the 50k forgiveness. I also wonder is that includes those people who refinanced or consolidated their loans through a private company.


This right here. I had 90K in student loan debt after grad school. Took a job with a contract that paid 50k towards my student loans. After paying on my student loans for 3 years with that 50K, My loan debt was 70k. The interest is crazy. Make it where you can actually pay it off, and not break it off in the arse of those in debt and this problem could be solved.

I am NOTin favor of cancelling student loan debt. I believe if you borrowed it, you should pay it off, but make it where it can be paid off realistically.


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