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Student Loan Crisis
Posted on 11/12/26 at 10:12 am
Posted on 11/12/26 at 10:12 am
Even before the dems won the MidTerms very little discussion had taken place on the Student Loan Crisis.
During the past few days I had expected with that the new crop of senators and congress people the topic would percolate to the front burner.
Instead I now hear Pocahontas blabbing about investigating CEOs that were involved with the President's administration. Also Cortez wanting to impeach Supreme Court justices.
And Jefferies hinting at impeaching the President.
It seems ironic that the student loan crisis just dropped off the radar.
During the past few days I had expected with that the new crop of senators and congress people the topic would percolate to the front burner.
Instead I now hear Pocahontas blabbing about investigating CEOs that were involved with the President's administration. Also Cortez wanting to impeach Supreme Court justices.
And Jefferies hinting at impeaching the President.
It seems ironic that the student loan crisis just dropped off the radar.
Posted on 11/12/26 at 10:14 am to SantaFe
They need to postpone it till 2028, then they will run on forgiving all of them.
Posted on 11/12/26 at 10:14 am to SantaFe
We need to hope and pray they do exactly that. Keep all their focus on impeachment means they won’t get anything else done. Personally, my belief is Trump knows this and it’s why he brought Miller in. He’s a war time consigliere. Trump could be prepping to be the target for two years while the dems shoot their wads and waste time.
Posted on 11/12/26 at 10:16 am to j1897
quote:
They need to postpone it till 2028, then they will run on forgiving all of them.
Posted on 11/12/26 at 10:16 am to SantaFe
Dave Smith recently outlined the absurdity of the student loan crisis by asking the audience what would happen if an 18 year old high school senior entered a bank and asked for 200K to start a small business.
This post was edited on 11/12/26 at 10:18 am
Posted on 11/12/26 at 10:17 am to 9Fiddy
quote:
We need to hope and pray they do exactly that. Keep all their focus on impeachment means they won’t get anything else done. Personally, my belief is Trump knows this and it’s why he brought Miller in. He’s a war time consigliere. Trump could be prepping to be the target for two years while the dems shoot their wads and waste time.
Seems very logical but unfortunately I think this is exactly what the voters want to see happen
Posted on 11/12/26 at 10:22 am to SantaFe
quote:
It seems ironic that the student loan crisis just dropped off the radar.
They chase the fickle hot topic of the moment. Student loans were only a "crisis" to them because the news of COVID forbearance made it the hot newness they could play up to with their "you deserve to get free stuff" rhetoric. Dems have moved on from that because mob attention has moved on from it (for now).
Posted on 11/12/26 at 10:24 am to j1897
quote:
They need to postpone it till 2028, then they will run on forgiving all of them.
I have some people entirely too close to me (who are lazy as eff) who vote Dem for that very reason. They don't want to honor their financial obligation.
Makes my blood boil.
Posted on 11/12/26 at 10:27 am to SantaFe
Wait to 2028...It will be back on the front burner along with Reparations and free Temu Obama phones for all (unless youre White that is)
Posted on 11/12/26 at 10:29 am to idlewatcher
quote:
I have some people entirely too close to me (who are lazy as eff) who vote Dem for that very reason. They don't want to honor their financial obligation.
Makes my blood boil.
Hope you got in their arse hard enough that they got up from the table and left
Posted on 11/12/26 at 10:53 am to SantaFe
Trump should propose to Congress:
Student loan forgiveness for trade degrees/certifications.
Cap student loan interest at 6%.
Student loan forgiveness for trade degrees/certifications.
Cap student loan interest at 6%.
Posted on 11/12/26 at 10:55 am to idlewatcher
I mean, it's free money. People keep calling me stupid for saying the DSA is taking over, but the voting idiots out there will always vote for free shite.
MAGA could learn a thing or two, but in 6 years they are still morons.
MAGA could learn a thing or two, but in 6 years they are still morons.
Posted on 11/12/26 at 10:55 am to SantaFe
How about you fricking deadbeat losers just start paying your debts. And don’t send your kids to a college you can’t afford. Problem solved. Invoice incoming.
Posted on 11/12/26 at 11:01 am to SantaFe
What “crisis”? If you are referring to students choosing to rack up huge amounts of debt on useless or severely overpriced ones? Then sure we have a “crisis” but it isn’t a financial one, it’s a lack of common sense crisis. No one forced you or anyone else to sign up for a degree at a university that you didn’t have to attend. I paid for my degree because I went to a local community college and a state university. Too many students think attending college is supposed to be an exciting adventure, if you can afford that then great but if you couldn’t that’s on you
Posted on 11/12/26 at 11:02 am to SantaFe
The only student loan crisis is that a bunch of 18 year old morons lack the capacity to understand third grade math when they sign up for a bunch of loans they apparently lack the capacity to understand. Now they have their hands out because their degree bills come due and their mommy wont pay it for them.
Posted on 11/12/26 at 11:08 am to j1897
quote:
They need to postpone it till 2028, then they will run on forgiving all of them.
This is correct. They will run on:
- Student loan forgiveness
- Obamacare expansion / "Medicare for all"
- Abortion
- Amnesty
Posted on 11/12/26 at 11:10 am to SantaFe
quote:
The Student Loan Crisis
Had it with these people and their 10-year student loan forgiveness crusade via Bernie Sanders and others.
I had to do substitute teaching on top of my regular job to help knock out a 30 grand student loan balance.
Not these mf-ers. They are determined to not do that shite.
Posted on 11/12/26 at 11:57 am to SantaFe
I wonder what's the best way to attack the nearly $2 trillion of student loan debt in the US?
The first step is to get the federal government out of the student loan business, same could be said for home mortgages.
The first step is to get the federal government out of the student loan business, same could be said for home mortgages.
Posted on 11/12/26 at 12:25 pm to SantaFe
They think this is the people saying they want to get Trump. The election was about Trump just like every other mid term election that flips parties. But it wasn't because people wanted Trump or his family or administration being investigated or impeached. I hope they continue down this path and don't do anything in passing bills and such.
I guess they think they can't pass anything because of filibuster rules and a veto pin in the WH, so they just go after Trump and everybody to show they are doing something.
I guess they think they can't pass anything because of filibuster rules and a veto pin in the WH, so they just go after Trump and everybody to show they are doing something.
Posted on 11/12/26 at 12:26 pm to SantaFe
Age group (main generation) Total owed Borrowers Average balance
24 and under (Gen Z) $104.5 7.3M $14,315
25–34 (Millennials and older Gen Z) $497.6B 15.0M $33,173
35–49 (older Millennials and Gen X) $634.2B 14.6M $43,438
50–61 (Gen X and younger Boomers) $293.4B 6.5M $45,138
62 and up (Boomers and Silent Generation) $107.3B 2.6M $41,269
Story here is Boomers told Gen X and Millenials to go to college, made it easy to get loans, then blew up the economy a few times and now the youngest generations are saddled with debt and unable to get their lives going.
Should some folks have not gone to college? Yes. Was the messaging to those folks constantly "you need to go to college so you can earn more"? Also yes.
Despite what you think about personal responsibility, saddling your youngest (and most likely to be entreprenurial at that age) generation with a massive debt burden probably isn't a good way to go about nation building/management.
Silver wealth transfer to the younger generations? Unlikely, much of the Boomer wealth is going to be gobbled up by private equity end of life care.
It's a mess and something definitely has to change. We'll see if anything does.
24 and under (Gen Z) $104.5 7.3M $14,315
25–34 (Millennials and older Gen Z) $497.6B 15.0M $33,173
35–49 (older Millennials and Gen X) $634.2B 14.6M $43,438
50–61 (Gen X and younger Boomers) $293.4B 6.5M $45,138
62 and up (Boomers and Silent Generation) $107.3B 2.6M $41,269
Story here is Boomers told Gen X and Millenials to go to college, made it easy to get loans, then blew up the economy a few times and now the youngest generations are saddled with debt and unable to get their lives going.
Should some folks have not gone to college? Yes. Was the messaging to those folks constantly "you need to go to college so you can earn more"? Also yes.
Despite what you think about personal responsibility, saddling your youngest (and most likely to be entreprenurial at that age) generation with a massive debt burden probably isn't a good way to go about nation building/management.
Silver wealth transfer to the younger generations? Unlikely, much of the Boomer wealth is going to be gobbled up by private equity end of life care.
It's a mess and something definitely has to change. We'll see if anything does.
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