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Started By
Message
re: U.S. poised to forgive $108 billion in student debt
Posted on 11/30/16 at 11:05 am to upgrayedd
Posted on 11/30/16 at 11:05 am to upgrayedd
quote:
Nothing like giving millennials even more of a reason to be a smarmy, entitled, worthless group of people
Aren't you a millennial as well?
Anyway, I don't want mine to be forgiven, I just wish it would have cost less. For me specifically, if I could have paid in state tuition I would be happy with it. It didn't cost Louisiana more for me to go to school there and if anything I improved their graduation GPA average. Many people a lot dumber than I got the same damn piece of paper and they paid less for it, all while putting less into it. Wtf is with that shite?
Posted on 11/30/16 at 11:05 am to lsunurse
quote:
See millennials.....see how that concept works. You take out what you need and with the mindset that you will have to pay it back at some point.
quote:
Fwiw...I was reckless as hell with money/credit cards in my 20s before and after college. I learned you can VERY easily defer student loans...and multiple times at that. Just call and tell them you are experiencing financial hardship and boom....6 months deferred. Paying for that now(literally) because I still have a small amount in student loans to pay off the first time I went to school. But it's at like a 1-2% interest rate so not too stressed over it.
I like how condescending you are to millennials for what you perceive to be this generation's poor financial skills while at the same time admitting that you were a poor financial decision maker when you were the same age.
Posted on 11/30/16 at 11:05 am to 13SaintTiger
quote:
This isn't a millennial problem, airhead. Millenials aren't even 30 yet.
Millennial age range starts for those born in 1980
Posted on 11/30/16 at 11:06 am to whodatdude
isn't this currently an option? or are they adjusting it?
Posted on 11/30/16 at 11:06 am to 13SaintTiger
quote:
This isn't a millennial problem, airhead. Millenials aren't even 30 yet.
Ummm maybe you are the airhead since you don't know what qualifies as a millennial. And yes..millennials are 30 now. The oldest year of birth for a millennial is usually agreed to be 1982. So that means the oldest millennials are 34.
Posted on 11/30/16 at 11:07 am to Steadyhands
quote:
yway, I don't want mine to be forgiven, I just wish it would have cost less. For me specifically, if I could have paid in state tuition I would be happy with it. It didn't cost Louisiana more for me to go to school there and if anything I improved their graduation GPA average. Many people a lot dumber than I got the same damn piece of paper and they paid less for it, all while putting less into it. Wtf is with that shite?
This. I agree with this. Being out of state...and coming back to the state I was born in screwed me with loans.
This post was edited on 11/30/16 at 11:08 am
Posted on 11/30/16 at 11:07 am to caliegeaux
It's an update on existing programs that have been around for years now.
Posted on 11/30/16 at 11:09 am to upgrayedd
quote:
I agree. If we're going to fund this stuff, it has to be based on market demand, not fantasy.
What?! You don't get to pick and choose what you decide can be driven by market demand. Colleges have larger budgets and more programs because it's competition to get students, faculty, and funding there! Universities have become an arms race for the best of the best and it's driven the costs way up.
Everytime I hear an asinine complaint about the salary of a university admin, I just laugh because they're the same folks who want the market to decide price and salary for everything else.
This post was edited on 11/30/16 at 11:10 am
Posted on 11/30/16 at 11:09 am to RLDSC FAN
Well this is interesting. Not only do people who actually repay their loans get screwed (both directly by not having forgiveness options but also indirectly by having their degrees devalued due to market saturation), but the government under-estimated the cost of the forgiveness (a shocking result I tell you...SHOCKING) which will cost us more in taxes.
Posted on 11/30/16 at 11:10 am to GetCocky11
quote:
while at the same time admitting that you were a poor financial decision maker when you were the same age.
Yeah but I own up to my mistakes and take full responsibility for them. I don't blame it on the government, or because I was repressed or whatever. I fricked up cause I was young and reckless and learned the hard way the consequences of those actions (my credit took a nosedive and I had to work to get it back to a decent level). I don't expect the government to step in and "make it all magically go away" because I fricked up.
Posted on 11/30/16 at 11:11 am to SlowFlowPro
I think what they've found is that the cost of default outweighs the cost of partial forgiveness. Hence, it is a revenue grab...the proverbial carrot (because there is no stick).
Posted on 11/30/16 at 11:13 am to lsunurse
quote:
Yeah but I own up to my mistakes and take full responsibility for them. I don't blame it on the government, or because I was repressed or whatever. I fricked up cause I was young and reckless and learned the hard way the consequences of those actions (my credit took a nosedive and I had to work to get it back to a decent level). I don't expect the government to step in and "make it all magically go away" because I fricked up.
How many millennials do you personally know who run around asking for a government handout so that their student debt magically goes away vs. how many millennials do you personally know who go to work, do their job, and pay their bills?
This perception that millennials sit on their arse all day in their parents basement and complain about debt needs to go away.
Posted on 11/30/16 at 11:13 am to lsunurse
quote:
Ummm maybe you are the airhead since you don't know what qualifies as a millennial. And yes..millennials are 30 now. The oldest year of birth for a millennial is usually agreed to be 1982. So that means the oldest millennials are 34.
Front end of 30, Majority of the age group is below 30. Once again, millenials aren't the problem. You tried to take a jab at millenials, when 1) this isn't their doing 2) most of them are still in school if we go by 18-34. So how are they paying back loans when majority of that age group is still in school. Unless you have facts to back up your ignorant assessment and prove me wrong you should probably take a look at the folks who raised you if you want to assign blame........
Posted on 11/30/16 at 11:13 am to TxTiger82
i was actually looking forward to the only way that Social Security may become solvent in my old age is due to massive outstanding student loan debt that prohibits many from getting SS down the road
Posted on 11/30/16 at 11:13 am to oauron
quote:
What?! You don't get to pick and choose what you decide can be driven by market demand. Colleges have larger budgets and more programs because it's competition to get students, faculty, and funding there! Universities have become an arms race for the best of the best and it's driven the costs way up.
Everytime I hear an asinine complaint about the salary of a university admin, I just laugh because they're the same folks who want the market to decide price and salary for everything else.
Yeah, because the bloated salaries of professors teaching transgender studies classes are totally worth the investment, right?
Posted on 11/30/16 at 11:14 am to upgrayedd
If the government didn't insert itself into the market so strongly perhaps tuition isn't so ridiculously inflated = less people taking on unrealistic student debt.
Posted on 11/30/16 at 11:14 am to AUCE05
quote:
Art and Business majors need not apply.
Go frick yourself.
Posted on 11/30/16 at 11:14 am to oauron
quote:
Everytime I hear an asinine complaint about the salary of a university admin, I just laugh because they're the same folks who want the market to decide price and salary for everything else.
you think a "market" is legitimate or free when a bunch of government-created debt floods in, massively increasing the supply of capital?
This post was edited on 11/30/16 at 11:15 am
Posted on 11/30/16 at 11:15 am to cas4t
quote:
Am I millennial if I was born in 1988?
88-94 is peak millennial, IMO and I am 1990. I think the extreme ends of 82 and 99 is pushing it
Now-a-days millennial is just a catch all term for young people, which is retarded
This post was edited on 11/30/16 at 11:16 am
Posted on 11/30/16 at 11:15 am to GetCocky11
(no message)
This post was edited on 11/30/16 at 11:17 am
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