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Started By
Message
re: Student Loan payback
Posted on 10/26/23 at 3:30 pm to LSURussian
Posted on 10/26/23 at 3:30 pm to LSURussian
quote:
Everyone knew interest rates were going to go up. The Fed has been communicating that for 2 or 3 years.
You realize that the vast majority of the country has no idea about the Fed, let alone follows it, right?
Hell, I'd wager the majority of this board doesn't really understand it.
1
Posted on 10/26/23 at 3:46 pm to EarlyCuyler3
quote:My comment was directed to the OP not to "the vast majority of the country."
You realize that the vast majority of the country has no idea about the Fed, let alone follows it, right?
If the OP did not know enough about interest rates to be monitoring the Fed's predictions on raising rates then I just consider the higher rate on his loans to be a "stupidity tax."
Posted on 10/26/23 at 3:50 pm to tylerlsu2008
quote:
Now, I do think it would be a solid policy to allow principal and interest to be a tax credit (or at minimum) full tax deduction. I did get screwed on interest deduction because “I made too much”.
Been saying this for years too, got screwed the same way. This would be reasonable.
Posted on 10/26/23 at 3:53 pm to nola tiger lsu
quote:
That being said, the issue is cost, the schools are scams at this point and the cost is unattainable for middle class and lower.
At least they got that lazy river to float around in.
College has become more of an experience and living like you're at some sort of resort instead of actually being there to learn. Granted, it's not the kids' fault; it's the whole college system.
Posted on 10/26/23 at 4:02 pm to LSURussian
quote:
My comment was directed to the OP not to "the vast majority of the country." If the OP did not know enough about interest rates to be monitoring the Fed's predictions on raising rates then I just consider the higher rate on his loans to be a "stupidity tax."
...therefore he'd be a part of the "vast majority of the country."
Point being, no, most people don't understand it at all.
This post was edited on 10/26/23 at 4:03 pm
Posted on 10/26/23 at 4:14 pm to EarlyCuyler3
quote:No, he's a college graduate. Hence the student loan obligation.
...therefore he'd be a part of the "vast majority of the country."
Posted on 10/26/23 at 4:37 pm to tylerlsu2008
quote:
The government fricks us over many ways, but this isn’t one of them.
Actually, one could argue that U.S. government backed loans are quite literally why your tuition was so high. $175k in debt upon graduation is sad.
Posted on 10/26/23 at 4:54 pm to LSURussian
quote:
No, he's a college graduate. Hence the student loan obligation.
There are millions of people in this country that have student loan obligations and didn't graduate.
Your statement was "everyone knew the fed was going to raise the rate." Thats just patently false.
This post was edited on 10/26/23 at 5:02 pm
Posted on 10/26/23 at 5:10 pm to EarlyCuyler3
quote:
It shouldn't be any different from any other type of loan. They want to have their cake and eat it too.
Deal, now go and try to get an unsecured loan as an 18 year old with zero credit. Let’s really treat them as every other loan.
This post was edited on 10/26/23 at 5:14 pm
Posted on 10/26/23 at 5:15 pm to EarlyCuyler3
quote:Okay, I'll edit my comment: "Everyone with half a brain knew the Fed was going to raise interest rates."
Your statement was "everyone knew the fed was going to raise the rate." Thats just patently false.
BTW...
Posted on 10/26/23 at 5:22 pm to Epic Cajun
quote:
Deal, now go and try to get an unsecured loan as an 18 year old with zero credit. Let’s really treat them as every other loan.
Fine by me. Watch tuition rates plummet and worthless admin positions be eliminated by the truckload.
Posted on 10/26/23 at 5:23 pm to EarlyCuyler3
quote:
Fine by me. Watch tuition rates plummet and worthless admin positions be eliminated by the truckload.
It would kill the golden goose for sure, though that's what needs to happen. Legitimate evaluation of credit worthiness of prospect student loan borrowers. Will probably never happen.
Posted on 10/26/23 at 5:23 pm to LSURussian
quote:
Okay, I'll edit my comment: "Everyone with half a brain knew the Fed was going to raise interest rates."
Nice, I prove your statement was inaccurate but yet I'm the dummy.
I realize you're some sort of financial whiz. I also realize that being a whiz at it probably leaves you with some blind spots as to how the rest of the world sees, or more accurately, isn't able to see things.
Posted on 10/26/23 at 5:29 pm to EarlyCuyler3
quote:Res ipsa loquitur.
yet I'm the dummy.
Posted on 10/26/23 at 5:33 pm to EarlyCuyler3
quote:
Fine by me. Watch tuition rates plummet and worthless admin positions be eliminated by the truckload.
It’s the only way to get tuition rates in check. Right now they have a false demand and an unlimited supply.
Posted on 10/26/23 at 5:55 pm to EarlyCuyler3
quote:
I prove
Your opinion proves nothing. Posted on 10/26/23 at 6:07 pm to REB BEER
quote:
College has become more of an experience and living like you're at some sort of resort instead of actually being there to learn. Granted, it's not the kids' fault; it's the whole college system.
No, not has become, more like “has always been”…. At least, almost 30 yrs ago when i was in college in the 90s.. it’s always been just as much about the social experience as the academic one.. and i dont mean social as in just parties - And fwiw i was not in a fraternity.. i mean, it’s an almost literal bridge between adolescence and adulthood.. it’s where i first lived with roommates, first had to pay bills- and yet you still have a little bit of a safety net.. even though my parents didnt give me much, i knew they wouldnt let me starve or be unsheltered if push came to shove.. and yes, the ‘piece of paper’ i earned has come in handy, i just wish i knew what i was signing up for when i was in high school and sentenced myself to a lifetime of debt.. ok, more like 20 yrs of debt .
Posted on 10/26/23 at 6:19 pm to LSURussian
quote:
Res ipsa loquitur.
No matter how successful they are, the pricks always show themselves and result to insults when they get called out.
Posted on 10/26/23 at 6:19 pm to LSURussian
quote:
Your opinion proves nothing.
Sure, that's why you amended your statement, right?
Posted on 10/26/23 at 6:22 pm to mattchewbocca
Here’s a novel idea. Cut back on shite you don’t need. I cut out at least 4500 dollars in 2 months. Per year. Didn’t take much effort
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