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re: Why are most of you so aginist student loan forgiveness?
Posted on 3/25/20 at 3:27 pm to RocketPower
Posted on 3/25/20 at 3:27 pm to RocketPower
quote:
How does it affect you and dont say showing responsibility. Most of you went and got a full 4 years degree for what we paid for a semester's meal plan.
Because when you loan out a lot of money with the expectation that that they money will be paid back with the interest agreed upon and then all of the sudden for whatever reason the money is not paid back you cripple or even collapse the lending industry and thus the financial industry.
Didn't you learn anything from 2008? Is this even a serious question?
1
Posted on 3/25/20 at 3:28 pm to Snipe
quote:
Didn't you learn anything from 2008? Is this even a serious question?
I don't think that's the argument you want to use here, considering the government used our money to bail them out
Posted on 3/25/20 at 3:28 pm to RocketPower
Where is my car loan and home loan forgiveness?
Posted on 3/25/20 at 3:28 pm to RocketPower
Because I got a job and paid mine off. Unless they're going to pay me back + interest, frick that.
Posted on 3/25/20 at 3:29 pm to RocketPower
Why should other people be required to pay for a moron who can't even spell ('aginist'), and can't take responsibility for his/her own actions. We do not believe in a socialist country in which we have to pay for everyone's life. We live in a country in which we work for ourselves and our families, NOT freeloaders.
That is why you MO-ron
That is why you MO-ron
Posted on 3/25/20 at 3:30 pm to RocketPower
quote:
How does it affect you and dont say showing responsibility. Most of you went and got a full 4 years degree for what we paid for a semester's meal plan.
Because I have a 401K and several other investment accounts.
People, like me, and the vast majority of Americans own that debt as investment tools.
Posted on 3/25/20 at 3:31 pm to RocketPower
The guy who confronted Elizabeth Warren at her campaign spot said it best. Some people do the right thing and save for their kid's college, or the student has a job while they're in college to help put themself through school. And then you have others who don't save, don't have jobs, go to school out of state where they incur all these expenses for a dorm or renting an apartment and use student loans to pay for it all. I'll be damned if taxpayers are footing the bill for these students' living expenses for 4-5+ years because they wanted to party in their time out of class instead of working to pay for their expenses and tuition.
I know a few people who racked up six figure student loan debt because they were using student loans to pay for tuition and books plus for their apartment rent, living expenses, and to go out on the weekends. Racked it all up in student loans because they didn't want to get a job while they were in school and miss out on partying.
I know a few people who racked up six figure student loan debt because they were using student loans to pay for tuition and books plus for their apartment rent, living expenses, and to go out on the weekends. Racked it all up in student loans because they didn't want to get a job while they were in school and miss out on partying.
quote:Because it means my taxes are going to have to go up to pay for other people's lack of responsibility
How does it affect you and dont say showing responsibility
Posted on 3/25/20 at 3:31 pm to LSU2NO
Does anyone have an argument as to why we shouldn't allow all SL payments to be made pre-tax?
Arguments other than wanting the government to receive more money, that is.
Arguments other than wanting the government to receive more money, that is.
Posted on 3/25/20 at 3:32 pm to RocketPower
quote:
How does it affect you
The working public is literally who will forgive the loans. We will have to pay for it.
It’s scary how stupid the seeming majority of people are when it comes to money and the economy. We hear same people that go to college, think they are educated and asking me to foot the bill for their loans are the ones trying to lecture people on social programs on the internet.
Posted on 3/25/20 at 3:32 pm to EarlyCuyler3
quote:
Didn't you learn anything from 2008? Is this even a serious question?
I don't think that's the argument you want to use here, considering the government used our money to bail them out
Good idea. Maybe they should do it like TARP. Pay the loans off then pull the money back via garnishments once the student gets a job.
The TARP program originally authorized expenditures of $700 billion. The Emergency Economic Stabilization Act of 2008 created the TARP program. The Dodd–Frank Wall Street Reform and Consumer Protection Act, signed into law in 2010, reduced the amount authorized to $475 billion. By October 11, 2012, the Congressional Budget Office (CBO) stated that total disbursements would be $431 billion, and estimated the total cost, including grants for mortgage programs that have not yet been made, would be $24 billion.[1]
On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program. TARP recovered funds totalling $441.7 billion from $426.4 billion invested, earning a $15.3 billion profit or an annualized rate of return of 0.6% and perhaps a loss when adjusted for inflation.[2][3]
This post was edited on 3/25/20 at 3:32 pm
Posted on 3/25/20 at 3:33 pm to JohnnyKilroy
quote:
Does anyone have an argument as to why we shouldn't allow all SL payments to be made pre-tax?
Arguments other than wanting the government to receive more money, that is.
Does this go for all loan repayment?
Posted on 3/25/20 at 3:33 pm to RocketPower
Go for it. The people who get forgiveness will be saddled with a huge debt to the gubment the rest of your life.
Pay it now or later.
Pay it now or later.
Posted on 3/25/20 at 3:33 pm to RocketPower
quote:Way more than that.
Damn 43 downvotes?
Do you have any rebuttal to the any of the reasons given so far in this thread?
Posted on 3/25/20 at 3:34 pm to RocketPower
Because I paid off my loans and worked through college for my living expenses. There wasn’t any TOPS around for me either.
College degrees cost will only go up if Forgiveness programs are implemented. Why do you think cost have gone up over the past 20 years.
College degrees cost will only go up if Forgiveness programs are implemented. Why do you think cost have gone up over the past 20 years.
This post was edited on 3/25/20 at 3:37 pm
Posted on 3/25/20 at 3:34 pm to Antonio Moss
Nah just federally held student loans.
Not your private loans
Not your private loans
Posted on 3/25/20 at 3:35 pm to RocketPower
Because I paid 50K+ for my wife's degree out of pocket, and saw how irresponsible her classmates were who took out loans and went on vacations to Europe, the Caribbean, etc... while I was pinching pennies to ensure that we didn't have to take out a loan...
frick 'em, they should have to pay the shite back.
Now, on the other hand, I don't agree with interest on student loans. If they are going to be federally backed and not discharged with bankruptcy, then they should be interest free.
frick 'em, they should have to pay the shite back.
Now, on the other hand, I don't agree with interest on student loans. If they are going to be federally backed and not discharged with bankruptcy, then they should be interest free.
Posted on 3/25/20 at 3:36 pm to TH03
quote:
Hell, why stop there. Let’s forgive all mortgages and credit cards while we’re at it. Car loans? Payday Loans? Personal Loans? Why the hell not?
Let me run up some debt first. It'd suck if all I got was $6k forgiven.
Hell go for it. That’s what I don’t get about all these folks wanting their student debt “cancelled”. What makes them think they’re special? All sorts of folks have all sorts of debt. There are folks who have mortgages they can barely afford. Others have credit card debt they can barely afford. Medical debt can absolutely crush just about anyone who isn’t a multi-millionaire. So why is student debt so special that it deserves being cancelled?
Posted on 3/25/20 at 3:36 pm to RocketPower
I had $54,000 in loans when I graduated law school. Down to $19,000 in three years. Do you think the world owes you something?
I think this is just a troll post. Why do you believe you shouldn't have to pay your loan? Do you know if you borrow money from a bank that you have to pay it back?
I hope you don't have a bookie or you are going to wind up crippled.
I think this is just a troll post. Why do you believe you shouldn't have to pay your loan? Do you know if you borrow money from a bank that you have to pay it back?
I hope you don't have a bookie or you are going to wind up crippled.
Posted on 3/25/20 at 3:36 pm to JohnnyKilroy
Wife and I made it through undergrad debt free.She got her but had to take out some loans. Will be paid off in 3 years. Can’t wait but we can afford it because we only took what was absolutely necessary
Posted on 3/25/20 at 3:37 pm to RocketPower
I made choices to avoid student loans like many others could have. I got a business degree just so I could check that box off and get hired. I choose not to go to special program only offered at one school.
I started at community college, then choose a cheap college (La Tech) I took 5 1/2 years to graduate so I could work full time. I took as many night classes as I could so I could still get fulltime work in. When I did take morning classes, I drove back to Shreveport right after class so I could spend the rest of the day working.
Heck my wife even raised a young son that had a dead beat dad (no child support), worked a job, went to a cheap school (Northeast La), and lived in a trailer park in Monroe so she could graduate with no debt.
We both graduated in 2004-2005 so college wasn't that cheap.
I think the question should be, why should my wife and I have any responsibility in paying taxes that go to forgiving your choices?
I started at community college, then choose a cheap college (La Tech) I took 5 1/2 years to graduate so I could work full time. I took as many night classes as I could so I could still get fulltime work in. When I did take morning classes, I drove back to Shreveport right after class so I could spend the rest of the day working.
Heck my wife even raised a young son that had a dead beat dad (no child support), worked a job, went to a cheap school (Northeast La), and lived in a trailer park in Monroe so she could graduate with no debt.
We both graduated in 2004-2005 so college wasn't that cheap.
I think the question should be, why should my wife and I have any responsibility in paying taxes that go to forgiving your choices?
This post was edited on 3/25/20 at 3:52 pm
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