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re: Supreme Court strikes down student loan forgiveness plan as unlawful

Posted on 7/1/23 at 8:51 am to
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
260974 posts
Posted on 7/1/23 at 8:51 am to
quote:

Tuition inflation was already high and then the Federal government stepped in and guaranteed all student loans


They destroyed the system. They are doing the same with day care too.
Posted by calcotron
Member since Nov 2007
8300 posts
Posted on 7/1/23 at 8:55 am to
quote:

Tuition inflation was already high and then the Federal government stepped in and guaranteed all student loans (early 00s?) and everything skyrocketed.



IF they did a real appraisal for every student loan, that would result in tons of denials of loans, these overpriced colleges would then get desperate and have to lower tuition to reasonable levels. Let's do it!
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48645 posts
Posted on 7/1/23 at 9:07 am to
quote:

IF they did a real appraisal for every student loan, that would result in tons of denials of loans, these overpriced colleges would then get desperate and have to lower tuition to reasonable levels. Let's do it!

I remember people getting student loans from JP Morgan. It seems like the only way to reverse this would be to go back to private lending but I doubt that'll ever happen.
Posted by Pedro
Geaux Hawks
Member since Jul 2008
33625 posts
Posted on 7/1/23 at 10:56 am to
quote:

They destroyed the system. They are doing the same with day care too.
it’s absurd how expensive that shite is. My wife and I crunched the numbers and decided it was better for her to go part time so we don’t have to use day care as much when our kiddo comes. We ended up hitting the jackpot and she found a hybrid remote job with super flexible hours making more hourly then she would’ve been going part time at her old job.
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