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Started By
Message
re: Democrats' $50,000 student loan forgiveness plan
Posted on 2/5/21 at 11:50 am to Ronaldo Burgundiaz
Posted on 2/5/21 at 11:50 am to Ronaldo Burgundiaz
quote:
Universities will see this bailout and continue charging higher tuition (and fees) because now people will be even more willing to take out larger loans because the government will eventually bailout those future loans.
So the same as every other industry our government has bailed out the past 12-15 years?
1
Posted on 2/5/21 at 11:58 am to Indfanfromcol
quote:
So the same as every other industry our government has bailed out the past 12-15 years?
What industry has the government bailed out that didn't require the industry to pay the money back?
Posted on 2/5/21 at 12:11 pm to Centinel
quote:
What industry has the government bailed out that didn't require the industry to pay the money back?
I think your looking for the word “some”. Pay some money back. Didn’t GM get a 52 billion bailout and only had to pay back 7 billion?
Posted on 2/5/21 at 12:18 pm to Indfanfromcol
quote:
Didn’t GM get a 52 billion bailout and only had to pay back 7 billion?
I don't know, did they?
And I'm sure you're not including tax breaks in as "bailouts". Because that would be pretty fricking stupid if you did.
Posted on 2/5/21 at 12:21 pm to Nigel Farage
quote:
My dad lost his job my junior year at LSU and I didnt want to transfer to a new school or potentially affect my younger siblings education so I took out the loan. Yea nobody forced me to do it but I wanted to finish up at the school I had made lifelong friends at and also not hurt my parents anymore than they were hurting at the time. It was something that the circumstances just kind of dictated and I knew what I was getting into when I took out those loans.
It's not taking the loans out that is the problem (I did it myself for grad school), it's getting in over your head and then crying for Uncle Sam to bail you out.
Posted on 2/5/21 at 12:22 pm to Centinel
so you made an argument that you don’t even know anything about? Because that would be pretty fricking stupid if you did. Posted on 2/5/21 at 12:31 pm to Indfanfromcol
You made the claim that GM didn't have to pay back all their bailout money.
It's up to you to provide proof of that claim. It's called "logical debate."
It's up to you to provide proof of that claim. It's called "logical debate."
Posted on 2/5/21 at 12:43 pm to Epic Cajun
quote:
As it works currently, the universities have no incentive to keep costs low, and actually have incentive to increase tuition into perpetuity.
Ding ding ding! We have a winner. Fully guaranteed govt backed student loans have allowed colleges to drive the price of tuition through the roof and given colleges incentive to accept anyone because they'll get paid no matter what.
I don't know exactly when high schools started pushing the message that you're only successful if you go to college, but I'm assuming it happened right around the same time the government got in the student loan game.
Student loans need to be fully privatized. This might make it harder for some kids to get into college, but it'll also force colleges to eliminate worthless majors like gender studies that saddle kids with tens of thousands of dollars in debt while not being qualified to be anything more than a Starbucks barista.
I also think this could help overhaul the overall college model and maybe force colleges to cut worthless classes like philosophy and instead only make kids take classes that will progress them in their major.
Posted on 2/5/21 at 12:49 pm to dagrippa
quote:
So if you worked your way through college you are a big fricking idiot.
What year do you think it is where this is possible?
Posted on 2/5/21 at 1:31 pm to KickPuncher
Can anyone tell me how this gets paid for without pushing it into a new or upgraded tax on taxpayers?
Posted on 2/5/21 at 1:53 pm to CaptainBrannigan
quote:In the year 2021 it's possible to do for graduate school.
What year do you think it is where this is possible?
If I knew this shite was coming down, I would have put that 70k in retirement, rather than paying for school out of pocket like a responsible person.
Posted on 2/5/21 at 1:57 pm to VADawg
States have no incentive to keep tution costs low either because if they can fund state colleges and universities with tuition paid largely by Federal aid and loans, the State doesn't have to spend as much State money on colleges and universities.
Once TOPS became disconnected with actual tuition costs, the State of Louisiana lost any real incentive to restrict tuition increases outside of hollow appearances of caring about increased costs for voters and their kids.
Once TOPS became disconnected with actual tuition costs, the State of Louisiana lost any real incentive to restrict tuition increases outside of hollow appearances of caring about increased costs for voters and their kids.
Posted on 2/5/21 at 2:04 pm to Indfanfromcol
quote:
Didn’t GM get a 52 billion bailout and only had to pay back 7 billion?
Expect them to get bailed out again when they fail at making their entire lineup electric by 2030. Hence the PR stunt this past week.
Posted on 2/5/21 at 2:06 pm to CaptainBrannigan
quote:
What year do you think it is where this is possible?
Now. Got a coworker who does it.
Resourceful people make shite happen. Losers require the government to bail them out.
Posted on 2/5/21 at 2:07 pm to lsu xman
So like, I don't have to pay for my wife's NP schooling??? 
Posted on 2/5/21 at 2:08 pm to lsu xman
quote:
Women and people of color would be among the biggest winners.
Why? How many of them even have a degree compared to other groups of people? This is a cool thing for many people of all walks. Stop trying to make it geared towards certain people when it isn’t. frickers
Posted on 2/5/21 at 2:09 pm to Klark Kent
quote:
Expect them to get bailed out again
Bingo.
In fact, expect the feds wo shoehorn their way into bailing out and partially owning many businesses in the future.
it's all about power.
Posted on 2/5/21 at 2:14 pm to lsu xman
Besides the fact this is a huge slap in the face to people that were responsible enough to pay their shite off on their own, this does nothing to address the source of the loans, i.e., unreasonably high tuition.
How is it that dems cannot reconcile with this issue? Let's throw an enormous amount of resources at shoveling the water out of our sinking boat, but nobody wants to talk about patching the leak? Jesus Christ. Then when the next generation graduates with the same fricking problem they're all going to act like "How did this boat get full of water again!? Print more money!"
How is it that dems cannot reconcile with this issue? Let's throw an enormous amount of resources at shoveling the water out of our sinking boat, but nobody wants to talk about patching the leak? Jesus Christ. Then when the next generation graduates with the same fricking problem they're all going to act like "How did this boat get full of water again!? Print more money!"
Posted on 2/5/21 at 2:16 pm to Centinel
Bond holders took the GM loss, not GM.
The ones beating off about this don't see the long game; they will be taxed to death in order to pay the next generations tuition, have fewer job prospects and a harder time climbing the ladder of prosperity.
The ones beating off about this don't see the long game; they will be taxed to death in order to pay the next generations tuition, have fewer job prospects and a harder time climbing the ladder of prosperity.
This post was edited on 2/5/21 at 2:25 pm
Posted on 2/5/21 at 2:18 pm to RogerTheShrubber
quote:
Got a coworker who does it.
Oh, so everyone just need to be an established adult at age of 17. Got it. It's so easy.
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