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Started By
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re: Kat Timpf Sums Up Student Loans With Brutal Honest Brevity (Of Course There’s A Pic)
Posted on 4/28/22 at 6:36 am to ChineseBandit58
Posted on 4/28/22 at 6:36 am to ChineseBandit58
quote:Yep. I knew a few people like this, though not quite $200k in debt, but big enough loan balance to complain about it for a while after they graduated. Had TOPS paying for tuition but didn’t want to go to UNO or Southeastern and live at home to save money. They wanted to go to LSU and spend 4-5 years living on/near campus while not having a job that would interfere with partying, tailgating, football/basketball/baseball games, etc. So they graduated with tens of thousands of dollars in debt they otherwise wouldn’t have had if they’d had worked thru school or went to a commuter school while living at home. Why should I be paying off those loans?
spending $200,000 for 6 years of partying
1
Posted on 4/28/22 at 6:41 am to arcalades
quote:
first of all, let's stop acting like middle class would be paying it off.
Who is going to pay for it ? The rich ? Democrats are doing a great job of making the rich pay right now. Since democrats took over inflation has killed Americans pocket books . Democrats are the party of the rich . It’s sad that their voter don’t have enough common sense to realize it.
Posted on 4/28/22 at 6:46 am to LuckyTiger
quote:
Yep. She had been admitted to Columbia. She thought hard about the loans she would have to take out and made the decision not to go to Columbia.
Same thing happened to me. Why I had to slum it at LSU.
One reason why paying off SLs without compensating people who sacrificed instead makes me irrationally angry.
Posted on 4/28/22 at 6:52 am to TenWheelsForJesus
quote:
The middle class pays the majority of income taxes and is more affected by inflation, so who would be paying for it then? They either pay for it through taxes or they "pay for it" through inflation.
True statement! And all those illegals that Joe Biden has invited in are a burden to all taxpayers as well. There should be a tax on all those big hearted Democrats who want to let the poor downtrodden illegals in without a penny to their names. Why should we all pay for their burden to society?
Don't know about you all, but I'm tired of paying 35% to 40% of what I earn from my paycheck and the other taxes like property tax, sales tax, gas tax, etc. Enough is enough!
Posted on 4/28/22 at 6:53 am to LuckyTiger
Picture? That's not the kind of picture we want. This is the kind we want!
Posted on 4/28/22 at 6:57 am to ChineseBandit58
quote:
To have the 'truck driver' pitch in to pay off some party animal's debt for spending $200,000 for 6 years of partying and coming away with a sheet of paper saying 'I majored in East African women's studies' makes zero sense. Especially when that truck driver is working 80 hour weeks to pay his own children's community college tuition.
I would take this approach:
Forgiveness applies only to loans owned by the federal government. So your maximum payment should be 10% of your AGI. If that's less than the loan payments would have been, the difference is recouped from the school.
That way, it's fully offset and the taxpayers aren't on the hook. And nobody gets off paying zero.
This post was edited on 4/28/22 at 6:57 am
Posted on 4/28/22 at 7:02 am to Taxing Authority
Universities TOOK the money too. They shouldn’t have been jacking up their tuition and other costs (books, e-books, remote clickers to answer multiple choice questions in class, etc.), but since the government started backing student loans, the entire market became bloated and corrupt.
College isn’t right for everyone, but if you grew up hearing that you have to go to college otherwise you won’t get a good job, then you think you’re wrong for choosing another path. More parents should have stepped in and let their children know there are alternatives and that doesn’t mean you’re less than someone who does go to college.
What bank would give an 18 year old with no job living at home with their parents a loan for tens of thousands of dollars? Oh right, because the government said we got you. I don’t believe in blanket student loan debt forgiveness. However, I do believe the loans were a scam concocted by the government and universities which subsequently crippled generations’ to comes ability to climb the economic ladder in this country and grab a piece of the American pie.
College isn’t right for everyone, but if you grew up hearing that you have to go to college otherwise you won’t get a good job, then you think you’re wrong for choosing another path. More parents should have stepped in and let their children know there are alternatives and that doesn’t mean you’re less than someone who does go to college.
What bank would give an 18 year old with no job living at home with their parents a loan for tens of thousands of dollars? Oh right, because the government said we got you. I don’t believe in blanket student loan debt forgiveness. However, I do believe the loans were a scam concocted by the government and universities which subsequently crippled generations’ to comes ability to climb the economic ladder in this country and grab a piece of the American pie.
This post was edited on 4/28/22 at 7:08 am
Posted on 4/28/22 at 7:02 am to arcalades
quote:
first of all, let's stop acting like middle class would be paying it off.
You have no idea how any of this works do you?
Posted on 4/28/22 at 7:02 am to Bestbank Tiger
If taxpayers pick up the tab for peoples’ loans then taxpayers will have to pick up the tab for peoples’ loans again and again.
Where does it stop?
Why should it begin?
Where does it stop?
Why should it begin?
Posted on 4/28/22 at 7:07 am to LuckyTiger
I didn't sign up to pay for your shitty degree. You did. Pay your own damn loan. I paid my school debts. So can you!
Posted on 4/28/22 at 7:13 am to SlowFlowPro
quote:
One reason why paying off SLs without compensating people who sacrificed instead makes me irrationally angry.
I’m not sure it’s irrational, it’s actually quite rational. Having a student loan is a choice made by an adult. Adults that made better choices expect to benefit.
Posted on 4/28/22 at 7:19 am to arcalades
quote:
first of all, let's stop acting like middle class would be paying it off.
The middle class absolutely would have skin in it. Absolutely would.
What about the rest of us that paid ours off?? What do we get? Tell you what.. I owe less on my home than a lot of these student loans.
Cancel my mortgage by paying it off if you are going to cancel student loans. Same thing. If I didn’t pay my loans and paid for my house instead… I’d get canceled debt and a zero balance.
So pay off the mortgages of people who paid their student loans up to the amount they borrowed.
Now say why we can’t do that. Say it loud.
Posted on 4/28/22 at 7:19 am to LuckyTiger
I don’t usually like skinny skinny girls but IWHI. She exudes an air of confidence that makes her very bangable
Posted on 4/28/22 at 7:29 am to NotoriousFSU
The loans were absolutely a scam and entrapment. The university employees are making bank because of this program, promising to deliver the vote to the democrats through their indoctrination tactics. Then the Dems “forgive” said loans to secure the vote when necessary. Well with their horrible record, it’s time to cash in those votes. But don’t expect a total forgiveness. They’ll find a way to stick who they don’t like with paying the loans.
The real problem is the accessibility without limit and the interest rate. If education is an investment in our future drop the interest rate to near zero and cap the loans!!
The real problem is the accessibility without limit and the interest rate. If education is an investment in our future drop the interest rate to near zero and cap the loans!!
Posted on 4/28/22 at 7:38 am to Picayuner
Posted on 4/28/22 at 7:42 am to Tigahs24Seven
quote:
I personally liked the comment stating "why should a trucker who never went to college pay off the loans of a white collar Havard educated lawyer who makes 10 times more than he does"
That lawyer isn't the one complaining about not being able to afford their student loans.
And let's be real... China would be the ones paying it off... just like China pays all our excesses.
Posted on 4/28/22 at 7:45 am to Tigahs24Seven
quote:
Over 50% of the people in this Country pay zero taxes and skim off the rest of us. Many of those have worthless gender studies and underwater basket weaving degrees and huge loans... Who the hell do you think will be paying this shite off besides the middle class and their middle class children?
Most of the 50% never went to college, and thus... never took out debt.
Maybe that's like 5-10%.
The college educated Starbucks barrista is a fun story but let's not act like it's all that widespread.
Most of the people dealing with student debt ARE paying taxes and ARE working in their field of study... the loan payments prevent them from saving, buying a house, etc.
Posted on 4/28/22 at 7:47 am to ChineseBandit58
quote:
I continue to repeat = "the ONLY institution that should be in the business of making student loans are the universities themselves."
IF they think what they are offering is worth the cost they will charge, then loan him the $$.
That would fix a lot of problems of the future.
But then the story would be... well what about those in the past? Why should they be punished?
Posted on 4/28/22 at 7:49 am to Tiger Prawn
quote:
Yep. I knew a few people like this, though not quite $200k in debt, but big enough loan balance to complain about it for a while after they graduated. Had TOPS paying for tuition but didn’t want to go to UNO or Southeastern and live at home to save money. They wanted to go to LSU and spend 4-5 years living on/near campus while not having a job that would interfere with partying, tailgating, football/basketball/baseball games, etc. So they graduated with tens of thousands of dollars in debt they otherwise wouldn’t have had if they’d had worked thru school or went to a commuter school while living at home. Why should I be paying off those loans?
Future solution: only lend enough money to cover tuition, required fees, and books. Any scholarship / TOPS is deducted.
Stop lending money for "costs of attendance".
Posted on 4/28/22 at 7:50 am to LuckyTiger
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