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re: Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
Posted on 6/17/19 at 12:23 pm to HailHailtoMichigan!
Posted on 6/17/19 at 12:23 pm to HailHailtoMichigan!
Look, I kinda agree.
However, if you are capable of going, higher education is something every country (especially us) should provide for more knowledgeable and effective citizenship. We provide it through high school and for those serving our country - there is no reason we shouldn’t do it for those capable of higher goals as well.
And technology, manufacturing, electrical, machining, etc. type trade school education should be paid for as well. They build our tools, our roads, and manufacture our cars, tables, fences, etc. There are many very smart people out there, most much smarter than most of us - just a tactile/mathematics kinda smart.
Do we truly want to make America great and have a smart, effective worker? Fix education ASAP. If someone runs on that, I may vote for them.
However, if you are capable of going, higher education is something every country (especially us) should provide for more knowledgeable and effective citizenship. We provide it through high school and for those serving our country - there is no reason we shouldn’t do it for those capable of higher goals as well.
And technology, manufacturing, electrical, machining, etc. type trade school education should be paid for as well. They build our tools, our roads, and manufacture our cars, tables, fences, etc. There are many very smart people out there, most much smarter than most of us - just a tactile/mathematics kinda smart.
Do we truly want to make America great and have a smart, effective worker? Fix education ASAP. If someone runs on that, I may vote for them.
1
Posted on 6/17/19 at 12:25 pm to HailHailtoMichigan!
quote:
Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
It’s a slap in the face to people who just finished off paying their loans off, or are halfway or so
100%
i have way overpaid on my loans and am basically being robbed of about $30k by this policy. i've posted about this at length
if you talk about this with a leftist, they will call you greedy or say you should be thankful you are that far ahead of others. it's infuriating b/c i haven't been making baller money and i sacrificed to not only pay it off early, but to have a reasonable debt in the first place (and i'm the selfish one)
Posted on 6/17/19 at 12:25 pm to Bham4Tide
quote:
However, if you are capable of going, higher education is something every country (especially us) should provide for more knowledgeable and effective citizenship.
Define "capable of going".
quote:Yes
Do we truly want to make America great and have a smart, effective worker?
quote:How about we start by determining approval of student loan debt based upon the potential value of the thing being bought?
Fix education ASAP
Kinda like treating the degree is collateral. Want to go into 80K in debt? OK, but we're gonna say no if your degree is underwater basket weaving.
Posted on 6/17/19 at 12:27 pm to tigeraddict
quote:
also unfair to those who worked their asses off and paid for it the hard way vs those that get a free ride out of it.....
My wives parents could not afford to send her to school. Once we got married, she started medical school. Racked up $150K. We paid it off in 20 years after she graduated.
Now people get to "not" pay for theirs? Total BS
Posted on 6/17/19 at 12:28 pm to roadGator
I have triplets who just finished their freshman year in college. I am less than 10 years from retirment. I help my kids when they need it, but they have scholarships that pay for part of their costs, they work full-time during the summer and half time during school. I help a little, but they have completed 1 year and one of my kids took out a small loan because he spent too much money his freshman semester and didn't have enough money left to pay his second semester bill. The other two are debt free. Rinse and repeat. They all attended 4 year state schools, and are getting degrees that will make them marketable when they graduate.
My 4th child (the oldest) attended a private engineering school in the New York. He did so on a full ride from the US Navy. He is now stationed in San Diego, with no college debt.
My 4th child (the oldest) attended a private engineering school in the New York. He did so on a full ride from the US Navy. He is now stationed in San Diego, with no college debt.
Posted on 6/17/19 at 12:28 pm to FalseProphet
quote:
Who said the scenario had to be fair? There are tons of people who receive benefits now that people in the past didn't.
And, why is it an assumption that all people incur debt for worthless degrees?
They may be noble professions but if they cause you to not be able to pay back the load then that is a poor aka worthless investment
Posted on 6/17/19 at 12:29 pm to LanierSpots
Going into debt for a gender studies degree is quite literally as stupid as it gets.
Going to a private school to get that degree is insane.
Going to a private school to get that degree is insane.
Posted on 6/17/19 at 12:31 pm to Adam Banks
quote:
but if they cause you to not be able to pay back the load then that is a poor aka worthless investment
poor investment, but not worthless. there is something to a college education that goes beyond the market value of your professional output
there are also very different levels of "poor"
Posted on 6/17/19 at 12:32 pm to HailHailtoMichigan!
quote:
It’s a slap in the face to people who just finished off paying their loans off, or are halfway or so
Fair or not fair the question is would it be beneficial longterm.
"Fairness" is a fricking joke.
Posted on 6/17/19 at 12:33 pm to Adam Banks
Is it a poor investment if you pay it back for 10-15 years and have a career for 50? The starting salary thing is dumb
This post was edited on 6/17/19 at 12:33 pm
Posted on 6/17/19 at 12:34 pm to bmy
quote:
Fair or not fair the question is would it be beneficial longterm.
i can't imagine this being that beneficial long-term. that money still has to be paid by someone, and the interest rates the government will use to borrow the money to pay these loans off is likely worse than the private sector rates
also is this a one-time payoff? it does nothing to stop the issue so where is the super long term benefit?
Posted on 6/17/19 at 12:39 pm to SlowFlowPro
College needs to be free, to include graduate and doctoral degrees.
And we should adjust the difficulty for receiving these degrees so that minorities have equity.
Can you imagine how educated the United States will be if we can accomplish this?
And we should adjust the difficulty for receiving these degrees so that minorities have equity.
Can you imagine how educated the United States will be if we can accomplish this?
Posted on 6/17/19 at 12:40 pm to Centinel
the best part about horror stories supporting "free college"is how often those in the horror stories went to private school
Posted on 6/17/19 at 12:40 pm to SlowFlowPro
I was strictly speaking from an investment perspective. It’s why I said there are noble professions etc. and I was speaking in regards to people who pursue something that will never pay back the debt they incur. You can go get an degree in education from Yale and teach in the inner cities and that has value to society. It is a poor/worthless investment though as that could be done at a much lower cost with similar results going to uconn
Posted on 6/17/19 at 12:51 pm to Centinel
Exactly.
Posted on 6/17/19 at 12:52 pm to Centinel
quote:
College needs to be free, to include graduate and doctoral degrees.
Our system would need to be much smaller, and entrance exams brutal.
Posted on 6/17/19 at 12:54 pm to Lima Whiskey
quote:
Our system would need to be much smaller, and entrance exams brutal.
This would adversely affect minorities. You have the wrong attitude. Our system needs to be expanded, and entrance exams eliminated. Everyone has a right to a college education. In addition, college level education programs need to be adjusted to account for minority experiences and hardships. A system based on merit is not equitable.
This post was edited on 6/17/19 at 12:57 pm
Posted on 6/17/19 at 1:13 pm to bmy
quote:
"Fairness" is a fricking joke.
Is it fair to all the honest gov workers that you steal?
Posted on 6/17/19 at 1:35 pm to ShortyRob
quote:
The private sector isn't "taking advantage". It's doing what basically ANY rational process would do.
Getting a degree today is pretty much as easy as getting a HS diploma was 60 years ago. So, not having one makes you look like you're lazy even though obviously, that's not always true. BUT THIS ONLY EXISTS BECAUSE EVERYONE WILLING TO GET OFF THEIR arse CAN GO! FREE MONEY!!!
Cut of the free money.....and blammo, in fairly short order, every swinging dick doesn't have a degree and employers will find that the number of people they need exceeds the number walking thru the door with a degree.
But you're talking about doing something for the future, cutting off the free money moving forward, which I 100% support and think it would help ALL of these problems (and yes it would go a long way), rather than the topic at hand, what do we do with the current loan crisis and payback.
As someone who had 6 figures in debt and paid it off in just a tad over 10 years, I do sympathize a bit with certain kinds of choices and how EVERYONE treated them. I go back in time and can't fathom life without college, I get it. And honestly, I wouldn't trade my "worthless" experience. And that's the problem where a lot of solutions come from - devaluing real intellectual thought and experiences. Essentially, turning college into business school job training.
And by all standards here, I got a "worthless" degree, but I've done QUITE well.
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