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re: One wonders what future Presidents will do if the precedent of forgiving debt
Posted on 8/25/22 at 8:35 am to BlackPanther
Posted on 8/25/22 at 8:35 am to BlackPanther
quote:
the frick are you talking about? you think schools are charging more just for the hell of it? no, dumdum. its because states keep cutting funding for education, and that money has to be made up somewhere so the schools raise tuition. Ill do this as easily as I can... from 2008 to 2019, tuition in Louisiana state schools went up 96.8% (LSU went up 155%), it went up $4,729 per student. in that same span, state funding went down. Louisiana spends $4,340 less per student now than it did in 2008. that clean enough for you? funding went down $4,300. tuition went up $4,700. almost as if the two are connected. the state use to pay for 76% of tuition, and students paid for 24%. that has now flipped entirely, and student's pay 76% of tuition while the state pays %24.
You typed all of that and it’s completely irrelevant.
The cost of college is like any other commodity. It’s reliant on supply and demand
The cost of college would come down if demand came down and it would if it was too expensive and not everyone could get an instant loan.
You need to think of this exactly like the last government created debt crisis the subprime mortgage scandal. The government said we need to get more people to own their homes. So their idea was to support home loans for people who had no business having them. You know the rest of the story.
You need to start thinking about the purple hair liberal arts major with a student loan the same as a subprime mortgage and then you will understand what is happening
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Posted on 8/25/22 at 8:59 am to Costanza
quote:
Gifting debt relief with a magic wand.
There have been cultures in antiquity that regularly cancelled debt for their citizens and they had much longer histories than the 246 the US has made it through.
Debt has historically been understood to be a yoke under which a free citizen slowly becomes a slave.
Posted on 8/25/22 at 9:20 am to deathvalleytiger10
quote:
The vast majority of student loans are around $30,000
When I graduated in 2018 my debt was right at 30k. As of today it sits at 15k. I’ve taken full advantage of the student loan payment pause and continued to pay every month with my entire payment going to principle. Anyone with any foresight could have taken advantage of the past 2.5 years of free interest. If you’re a high earner with large debt loads, you should have absolutely taken advantage of it.
Posted on 8/25/22 at 9:57 am to blackinthesaddle
quote:
There have been cultures in antiquity that regularly cancelled debt for their citizens and they had much longer histories than the 246 the US has made it through.
How many are still around today?
Posted on 8/25/22 at 2:48 pm to BlackPanther
quote:
from 2008 to 2019, tuition in Louisiana state schools went up 96.8% (LSU went up 155%), it went up $4,729 per student.
in that same span, state funding went down. Louisiana spends $4,340 less per student now than it did in 2008.
that clean enough for you?
funding went down $4,300.
tuition went up $4,700.
1. Look at LSU's size increase since then. The non-faculty side of LSU has ballooned. This is a large driver coupled with the state cutting funding.
2. Wanna know what else happened in 2010? Student loans were taken over by the government. Money that goes to any student with a pulse, regardless of qualifications. Money that LSU can receive by just raising prices.
I refuse to entertain someone who doesn't understand the basic principles of supply and demand. Take your dumbass elsewhere.
Posted on 8/25/22 at 2:52 pm to BlackPanther
quote:
the government actually did something to help people, it's pandemonium!
Why is it that every time the government finally decides to actually help some people, it's always like 5% of the population and costs more than the entire fed spent in a year less 20 years ago?
Posted on 8/25/22 at 2:58 pm to BlackPanther
quote:
but this is a step in the right direction.
Why aren’t we stopping giving loans that involve no underwriting on the likelihood of being repaid? If the government doesn’t get out of the student loan business, this is going to continue to be a problem. The government should not be in the business of lending money. If it’s not something that would be profitable to a private lender, why should taxpayers have to make such loans?
Posted on 8/25/22 at 4:26 pm to BlackPanther
quote:
used to have ideas, now its all hate, you and trump hate all the same things, thats why you love him, its all about anger and revenge now, and the cruelty is always the point.
It would be so much easier to have a conversation with you people if you had just one shred of self awareness. You explain to me all the problems of the left without using “that’s true, but Republicans...” and then we can talk.
The right has been told by every elite society in this country that they don’t matter, their time is up, their ideas are dead, and any concerns they have about the future of this country are because of their antiquated, racist, bigoted biases and therefore of no importance to the inclusive, compassionate, enlightened left.
How would you feel? Just a LITTLE frustrated I would imagine.
Posted on 8/25/22 at 4:28 pm to Costanza
quote:Bread and Circuses.
One wonders what future Presidents will do if the precedent of forgiving debt is allowed to happen.
Posted on 8/25/22 at 4:43 pm to BlackPanther
Hey, Black Pussy. Welcome to the PT.
Nobody made the decision to become a doctor for Ms. Erin Murphey. She made that decision on her own, as well as the decision to sign and accept the terms of the loan. That sucks that she didn't have parents that helped her out, or that she didn't go to another country where it costs less. Her decision was made on her own.
Let me tell you what really sucks. My wife and I scrimped and saved and did without many of life's luxuries to both pay our student loans, save for retirement, give to charity and save to put our kids through college. We did not do it, though, unwillingly. We did it consciously and bore the responsibility of planning and preparing for our retirement and to put our kids through school. Yes, it's fricking expensive. Yes, there needs to be change, but it does not need to come off the backs of Americans who did not make those decisions to go to school and sign for those loans. Would you like to pay for my mortgage? I don't like it and the mean old banker wants his money every month. Waaa! Not fair!!!
frick off, commie. Grow up and take responsibility for your own stupid decisions and quit looking for charity.
Nobody made the decision to become a doctor for Ms. Erin Murphey. She made that decision on her own, as well as the decision to sign and accept the terms of the loan. That sucks that she didn't have parents that helped her out, or that she didn't go to another country where it costs less. Her decision was made on her own.
Let me tell you what really sucks. My wife and I scrimped and saved and did without many of life's luxuries to both pay our student loans, save for retirement, give to charity and save to put our kids through college. We did not do it, though, unwillingly. We did it consciously and bore the responsibility of planning and preparing for our retirement and to put our kids through school. Yes, it's fricking expensive. Yes, there needs to be change, but it does not need to come off the backs of Americans who did not make those decisions to go to school and sign for those loans. Would you like to pay for my mortgage? I don't like it and the mean old banker wants his money every month. Waaa! Not fair!!!
frick off, commie. Grow up and take responsibility for your own stupid decisions and quit looking for charity.
Posted on 8/25/22 at 5:31 pm to HubbaBubba
When I hear about these people drowning in student debt:
I wonder how many of them attended a state university in their own state versus some high-dollar private institution.
I wonder how many held a job during college versus how many spent tens of thousands of borrowed dollars in the Greek scene.
I wonder how many lived in the dorm and ate in the cafeteria versus living in an expensive apartment as nice as Daddy’s house.
I wonder how many pursued a practical degree versus something more fun and interesting.
I wonder how many fricked-off with 12-hour semesters versus taking 18-hours to finish more quickly.
I wonder how many stretched the undergrad experience into five or six years versus skipping fun electives to finish in four years.
I wonder how many fricked-off with social activism in their off-hours versus spending those extra hours in the library to earn the GPA to get the best possible jobs.
When I see hundreds of thousands in debt, I am fairly certain that I can infer the answers to most of these questions.
I wonder how many of them attended a state university in their own state versus some high-dollar private institution.
I wonder how many held a job during college versus how many spent tens of thousands of borrowed dollars in the Greek scene.
I wonder how many lived in the dorm and ate in the cafeteria versus living in an expensive apartment as nice as Daddy’s house.
I wonder how many pursued a practical degree versus something more fun and interesting.
I wonder how many fricked-off with 12-hour semesters versus taking 18-hours to finish more quickly.
I wonder how many stretched the undergrad experience into five or six years versus skipping fun electives to finish in four years.
I wonder how many fricked-off with social activism in their off-hours versus spending those extra hours in the library to earn the GPA to get the best possible jobs.
When I see hundreds of thousands in debt, I am fairly certain that I can infer the answers to most of these questions.
Posted on 8/25/22 at 5:45 pm to BlackPanther
quote:
the government actually did something to help people, it's pandemonium!
You are a fricking idiot... Helped who?? the rich college grads?? While hurting blue collar workers across the board who each owe 2 grand in taxes to pay for this trillion dollar illegal grift???? Get your head out of your smelly arse you brainless libtard .
Posted on 8/25/22 at 9:51 pm to AggieHank86
quote:I know it cost more, and people rag on the Greeks, but the sorority my daughter belongs to provides a parent's log-in to view what's going on at the sorority, including a running GPA average for all the girls in the sorority.
AggieHank86
At the end of the spring semester, it averaged at 3.68 GPA among all the girls. Policy is if a kid drops down to a 3.0, they have to attend mandatory class counseling and told to suck it up, study hard and bring those grades up or they risk getting bumped out. They have a good program and maintain a very good cumulative grade. My daughter said a few girls during her three years there had to be kicked out for bringing the GPA down from partying too much and not studying.
I can't be sure, but I imagine those who aren't Greek and who maybe don't have the support structure around them like my daughter has, they might seem to be the type of student that seems to have issues like you described in your post. Certainly that's too big of a brush stroke, but it may have merit. Reform at the college level could mean colleges figure out how to help students have that support around them to monitor their academic success and help rein them in. Used to be, schools would boot you out pretty quick if you weren't cutting it. Now, that costs them money, so they lowered their bar.
Posted on 8/25/22 at 10:05 pm to i am dan
quote:It's half of the price of a new pickup or SUV. Yet, somehow it's "crushing debt".
Average debt is $37,000 per borrower.
They should be able to handle that.
Yeah, the're being crushed under a low interest, take-30-years-to-pay-it-back $30,000 loan.
And if you look... almost all SL defaulters have tons of other debt they are defaulting on. It is INCREDIBLY rare to find someone that has only SL debt and/or it is hte only thing in default.
In almost all cases it's not a "can't pay" issue. It's a "i'm irresponsible with debt" issue.
This post was edited on 8/25/22 at 10:07 pm
Posted on 8/25/22 at 10:28 pm to Tigahs24Seven
quote:
Helped who?? the rich college grads??
No. People who made the very bad decision to get too far in to debt for a useless, unmarketable, degree and now cannot (or won't) pay their legal debt. I really don't see how paying off this debt is the responsibility of the American public and hope this apparently illegal EO is blocked by a federal judge, but won't hold my breath.
This post was edited on 8/25/22 at 10:35 pm
Posted on 8/26/22 at 9:55 am to BlackPanther
quote:
the government actually did something to help people
Not opposed to government helping people. BUT in this instance, I have a real problem with how it was done. We have a system and process for doing such as this. EO's are not in that process. If this is allowed to stand, then it will open pandora's box or executive abuse.
Posted on 8/26/22 at 10:14 am to BlackPanther
Or join the military and get them to pay you for your school. Zero debt and you can be anything in Healthcare. I'm not because I want to be a ChemE but throwing money isn't a solution. I would say the problem is in schools and banks basically loan sharking people promising them a bright future with a shite degree which doesn't happen. Most degrees don't need to be 4 years to complete.
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