Started By
Message

re: Cancel student debt for nearly everyone?

Posted on 1/15/20 at 7:17 am to
Posted by teambooyah
Member since Aug 2015
145 posts
Posted on 1/15/20 at 7:17 am to
As someone who put their head down and paid off $35k, this is insulting TBH. Young people need to grow up and pay their loans back.
Posted by Ssubba
Member since Oct 2014
7359 posts
Posted on 1/15/20 at 7:19 am to
Of course, it would only cancel for the graduates who are working at Starbucks making less than $30k a year.
Posted by TeddyPadillac
Member since Dec 2010
29703 posts
Posted on 1/15/20 at 7:22 am to
quote:

I still have a sizable student loan, but even washing that debt will not get me to vote for that crazy bitch.


Yeah uh if someone told me before I voted, “ here’s $20k, vote for so and so” I would.

Problem with this democrat is I don’t believe it would ever come to fruition if she actually won. They say it now to get the votes, then make excuses in office to why it won’t happen.
Posted by LSU316
Rice and Easy Baby!!!
Member since Nov 2007
30232 posts
Posted on 1/15/20 at 7:22 am to
quote:

I can support this if they make student loans illegal afterwards.



Right.....if your gonna do this don't give out any more government funded or subsidized student loans. Let the private market handle them like all other loans.
Posted by gumbeaux
Member since Jun 2004
4983 posts
Posted on 1/15/20 at 7:27 am to
She better make it retroactive...not fair that I, my wife, and my sons already paid off their student debt.
Posted by BugAC
St. George
Member since Oct 2007
56809 posts
Posted on 1/15/20 at 7:28 am to
So, what happens to future college students? Are we only rewarding those with CURRENT student loan debt? What about the kids going to college in 4 years? Just bad luck for them?

This is why voting Democrat is ALWAYS a stupid choice. There is no logic or reason behind any of their grand plans. It's simply vote buying for the stupidest among us. Yes, if you are in favor of this plan, you are stupid.

ETA: also, student loan debt only started ballooning out of control the second the federal government took over handling student loans. Another solution from government for a problem created by the government.
This post was edited on 1/15/20 at 7:31 am
Posted by NASA_ISS_Tiger
Huntsville, Al via Sulphur, LA
Member since Sep 2005
8204 posts
Posted on 1/15/20 at 7:29 am to
Well if she does that...I want reparations for paying mine off on time.
Posted by Meauxab
I get around
Member since Dec 2019
87 posts
Posted on 1/15/20 at 7:29 am to
quote:

I feel like for a party of people that preach about sustainability when it comes to the environment, sustainability of the economy means absolutely nothing to them.


Could not have been said better.
This post was edited on 1/15/20 at 7:30 am
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
148061 posts
Posted on 1/15/20 at 7:32 am to
Oddly enough I'll be paying my last installment on some student loans around November. Hope this isn't my terrible luck giving me an omen that this Socialist will win.
Posted by RougeDawg
Member since Jul 2016
7291 posts
Posted on 1/15/20 at 7:34 am to
I sure wish I owed a lot of money to Warren right now.
Posted by Snipe
Member since Nov 2015
15590 posts
Posted on 1/15/20 at 7:35 am to
quote:

WASHINGTON (AP) — Presidential candidate Elizabeth Warren says she’d order her secretary of education to cancel up to $50,000 in college debt for about 95% of student borrowers on her first day in office, effectively creating a student loan collapse akin to the 2008 housing market collapse.


FIFY.

These people are so fricking ignorant it's amazing they haven't Darwined themselves yet.

Say it with me kids..

FREE AIN'T FREE..
Posted by Sus-Scrofa
Member since Feb 2013
10412 posts
Posted on 1/15/20 at 7:37 am to
Just as I finish off paying mine.



It's scarlet letter time if this ever happened.
Posted by FlyinTiger93
Member since May 2010
3724 posts
Posted on 1/15/20 at 7:40 am to
quote:

Yeah uh if someone told me before I voted, “ here’s $20k, vote for so and so” I would.


I am locked in around 2, or 3% interest, so there is a lot of other things to do with my money than can offset the payment. I truly believe having her, or any other democrat, in office, will cost me more in lost business and bonuses.
Posted by PorkSammich
North FL
Member since Sep 2013
16762 posts
Posted on 1/15/20 at 7:42 am to
Should have the colleges pay it off since they are the ones fleecing everyone.
Posted by crispyUGA
Upstate SC
Member since Feb 2011
16217 posts
Posted on 1/15/20 at 7:43 am to
Will they repay me the amount of student loan debt that I paid off? Why should I be punished by actually paying by the terms of my agreement and paying it back on time? A loan is a fricking loan. I, and everyone else, knew what we were signing up for when we submitted our loan applications. The problem is our government has no problem lending money to people studying asinine subjects that have zero real-world applications and that cost upwards of $100,000 and then they act shocked that they can’t find a job to repay their debt. If the government wants to be in student loan business, then they need to start looking cases critically.
Posted by kjp811
Denver, CO
Member since Apr 2017
1060 posts
Posted on 1/15/20 at 7:45 am to
quote:

Why not just make the interest rates for student loans capped at 1-2%?


This is the real solution. It would help a lot of people pay their loans off because I know tons that are just paying the interest because that’s all they can afford.
Posted by Ed Osteen
Member since Oct 2007
58817 posts
Posted on 1/15/20 at 7:46 am to
quote:

This only helps the rich. Its the privileged rich kids who have student loan debt.


wouldn't privileged rich kids have zero student debt?
Posted by BugAC
St. George
Member since Oct 2007
56809 posts
Posted on 1/15/20 at 7:48 am to
quote:

If the government wants to be in student loan business, then they need to start looking cases critically.



They are in the student loan business. They took over the student loan business from the banks about 9 years ago i think. It's why student loan debt is a "problem" nowadays. Because the fedgov is in charge of it. Just like the subprime mortgage loans, and everything else they touch. They took over a job that should be conducted by banks, and operated it based on feels, not on whether or not the person seeking the loan was at risk of not paying back the loan.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53024 posts
Posted on 1/15/20 at 7:50 am to
quote:

This doesn't cancel any debt.

This transfers responsibility from the person who agreed to the loan to others who did not agree to the loan.

Yep. I paid for my college and didn't take out loans. Now I'm going to be partially responsible for paying the debt of others?
This post was edited on 1/15/20 at 7:53 am
Posted by Displaced
Member since Dec 2011
32980 posts
Posted on 1/15/20 at 7:56 am to
My wife and I paid off roughly $24k of our remaining student loan debt this past November.

If they cancel it all now, I'll be a little pissed.

Of course we probably make too much money to qualify for whatever forgiveness plan that would be made available anyway so it wouldn't matter.
Jump to page
Page First 2 3 4 5 6 ... 13
Jump to page
first pageprev pagePage 4 of 13Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram