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re: John Oliver Goes Hard on Student Loans Forgiveness: LSU and LA College Funding Addressed
Posted on 3/21/24 at 3:45 pm to brass2mouth
Posted on 3/21/24 at 3:45 pm to brass2mouth
Yes. Room and board is 14K a year and required freshman year.
This post was edited on 3/21/24 at 3:46 pm
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Posted on 3/21/24 at 3:51 pm to mikelbr
quote:
They realistically could
* cap rates at 3% (this was my rate when i paid student loans from 99-09)
* modify amortization schedules to start at 50/50 principal/interest
* apply a govt assisted 'bonus payment' directly to principal every 6 months of on-time payments
Real solutions are out there for the government to help the debtors and taxpayers. But nobody will meet in the middle. idiots.
I like what you are putting down. All options that help but still require accountability of the borrower. Do this and somehow reign in the universities and we might get somewhere.
Posted on 3/21/24 at 3:53 pm to mikelbr
It's partly because the republicans think that the "paying for someone else's liberal arts" degree polls well... when in reality a majority of their constituents' children are also in the same boat and just as concerned.
Like the boarder crisis... status quo is unsustainable, but all the politicians/media care about are the talking points.
Like the boarder crisis... status quo is unsustainable, but all the politicians/media care about are the talking points.
This post was edited on 3/21/24 at 3:54 pm
Posted on 3/21/24 at 3:53 pm to r0cky1
ohn Oliver Goes Hard on Student Loans Forgiveness: LSU and LA College Funding Addressed
The students voted on a tax to fund the lazy river…didn’t they
Yes, fees that they paid with student loan money, thus increasing the amount they owe and don't want to pay. AND...you must refer to it as a "leisure river". The higher ups get very upset when it is referred to as a "lazy" river.
The students voted on a tax to fund the lazy river…didn’t they
Yes, fees that they paid with student loan money, thus increasing the amount they owe and don't want to pay. AND...you must refer to it as a "leisure river". The higher ups get very upset when it is referred to as a "lazy" river.
Posted on 3/21/24 at 4:04 pm to el Gaucho
quote:
Most people don’t know that they named it in honor of George Floyd
the lazy river?
Posted on 3/21/24 at 4:13 pm to crazyLSUstudent
quote:
$40/month for what the urec is these days is insane value. If you had been inside of it and experienced what it use to be like, you would understand that value it has on campus.
I don't care how nice the rec is and how good a value it is. Many kids are leaving school in debt. Debt they can't efficiently pay. They don't need to vote themselves a nicer health club to join while racking up that debt. College is about getting a degree, not about a nice gym. I agree it's a small portion of the overall problem, but its the most glaring view of the excess being paid for while kids go further into debt. In my opinion, you should be able to go to school for the cost of tuition, then TOPS would pay it all. If it's a necessary charge, then include it in tuition. If it's not, then students can opt to pay for it such as a gym membership and it's not covered by student loans, because it has nothing to do with getting your degree.
Posted on 3/21/24 at 4:57 pm to Tarps99
Dont worry, Trump will be back in the white house and he can continue is regular scheduled programming.
Posted on 3/21/24 at 5:00 pm to Jon A thon
quote:
College is about getting a degree, not about a nice gym. I agree it's a small portion of the overall problem, but its the most glaring view of the excess being paid for while kids go further into debt.
I would say exercising and your health is way more important than say dei.
Also for mental health.
If your campus has an entire building dedicated to womens studies, wtf is that doing?
Posted on 3/21/24 at 5:01 pm to Jon A thon
quote:
Many kids are leaving school in debt.
That often happens when you spend money while you aren't making money.
quote:
Debt they can't efficiently pay.
Define efficiently?
No payments while in school is pretty efficient.
Deferrals are pretty efficient.
How is a student loan less efficient than a car loan that can repossess the car?
quote:
In my opinion, you should be able to go to school for the cost of tuition, then TOPS would pay it all. If it's a necessary charge, then include it in tuition. If it's not, then students can opt to pay for it such as a gym membership and it's not covered by student loans, because it has nothing to do with getting your degree
In my opinion, you should join the military if you want an efficient method of paying for college.
Or you should be an RA.
Or you should work for the school in one of 100 other capacities.
Posted on 3/21/24 at 5:19 pm to Tarps99
John Oliver is incapable of going hard, in any context.
Posted on 3/21/24 at 5:24 pm to meansonny
quote:
How is a student loan less efficient than a car loan that can repossess the car?
Because a credit score and income statement are required to take out any other loan. So you have to prove you have a job and ability to pay it back. Not so with student loans. It's not efficient to have your principal racking up interest while you don't pay. It's not efficient to end up with a small mortgage that every bank would deny you from you.
My point is that Louisiana has an amazing tuition program for pretty much anyone eligible to go to college. But we let the costs run wild and now TOPS doesn't truly cover the majority of the cost of college. But no one bats am eye when you can just take out a loan that you aren't paying back for another 4 years. And realize that as an 18 year old, 4 years is 22% of your entire life, so it's forever away and doesn't even seem real. Then you end up with the situation we are in.
And I'm NOT for forgiveness. Just against universities using the loan system as a way to jack up prices and pimp out their schools with unnecessary shite and letting the students deal with the debt.
Posted on 3/21/24 at 5:33 pm to Jon A thon
quote:
It's not efficient to have your principal racking up interest while you don't pay.
Then make payments. The loan will take payments while you are still in school.
quote:
It's not efficient to end up with a small mortgage that every bank would deny you from you.
One of the largest expenses for college students is room and board.
Imagine that. Someone has to pay for a roof over their head and the food that they eat.
Excluding the cost of actually staying alive (room and board), students are not left with a small mortgage.
People find the stupidest things to bitch about. Having to pay a reduced expense for housing and reduced expense for food shouldn't be one of them.
My son didn't make the cut for dorms this school year. He was wait listed #241.
And he learned a valuable lesson about how the room and board was significantly less than living expenses off campus.
Posted on 3/21/24 at 5:35 pm to Jon A thon
quote:
Because a credit score and income statement are required to take out any other loan. So you have to prove you have a job and ability to pay it back. Not so with student loans.
Then don't take the loan.
If you need an adult to tell you not to take the loan, then ask an adult to tell you that.
It isn't rocket science.
Life is hard. But stupid people make it so much more difficult on themselves.
Posted on 3/21/24 at 5:58 pm to SoFla Tideroller
All student loans should be forgiven and no more given except for cost of education at a state university and no funds for living. We send billions to foreign countries and for the welfare crowd to give birth and raise families. We prop up those who can’t or won’t support themselves.
Posted on 3/21/24 at 6:22 pm to Jon A thon
TOPS is welfare for upper middle class parents.
Posted on 3/21/24 at 7:09 pm to meansonny
quote:
Then don't take the loan.
I agree. Not denying that. But I do believe the schools take advantage, which drives up the cost. Then that leaves a larger pool of students who need a loan or can't go to college. It's a problem that feeds itself. I did not have any debt personally, but can see how many kids who are well suited for a valuable degree like engineering could feel like they need to take loans. And so much waste is being paid for purely because of the available loan system.
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