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Started By
Message
re: What’s even worse about forgiving 10k in student loans.
Posted on 8/24/22 at 10:31 am to whiskey over ice
Posted on 8/24/22 at 10:31 am to whiskey over ice
quote:
I don’t understand why this doesn’t have to go through the House and Senate.
When the same party controls the house and senate they don't care about unchecked executive fiat in excess of constitutional authority.
0
Posted on 8/24/22 at 10:31 am to sawtooth
quote:
We need the government out of the student loan business all together.
And colleges should not require classes in non major areas to be required.
If you are going to school to be a CPA why do you need to take biology or western civ? Yes those areas are things people SHOULD know but they can learn that on their on time.
How does being able to dissect a frog help someone in accounting?
College should be 2-3 years at most. Less time there, less tuition spent and a quicker path to getting a job.
Posted on 8/24/22 at 10:33 am to alphaandomega
quote:They pretend they want their students to be well-rounded, but they really just need to keep the students in the dorms longer, the bookstore gouging the customers more, and to keep the liberal arts professors busy to justify paying a salary to tenured professors who would serve society better as sign spinners outside of pawn shops.
And colleges should not require classes in non major areas to be required.
Posted on 8/24/22 at 10:34 am to Ping Pong
That chart has some discrepancies and your statement doesn't work with it 100% either.
1) Computer software has done nothing but gone up 10% year-over-year for the last 20 years. (I do technology purchasing for my company)
2) since your chart only goes to 2018 it doesn't show the massive uptick of car prices the last 4 years.
3) Childcare and nursery isn't paid for by the government and the small amount that is (headstart) is a extremely minor fraction of the equation and tends to be way cheaper to operate than the private entities
4) Televisions, toys, apparel, and household furnishings have all stayed relatively cheap or gone down in cost because of outsourcing to places like China... are we really going to use this as a litmus test?
1) Computer software has done nothing but gone up 10% year-over-year for the last 20 years. (I do technology purchasing for my company)
2) since your chart only goes to 2018 it doesn't show the massive uptick of car prices the last 4 years.
3) Childcare and nursery isn't paid for by the government and the small amount that is (headstart) is a extremely minor fraction of the equation and tends to be way cheaper to operate than the private entities
4) Televisions, toys, apparel, and household furnishings have all stayed relatively cheap or gone down in cost because of outsourcing to places like China... are we really going to use this as a litmus test?
Posted on 8/24/22 at 10:46 am to TigerAttorney
True. I can't get past screwing over all of us that didn't flunk out and spent years working our asses off to pay it back. So many of us put off buying a first house, having kids, etc because of our responsibility to pay off those loans.
And now I've gotta underwrite a bunch of damn bums who flunked out.
How about no? Damned thieves, all of them.
And now I've gotta underwrite a bunch of damn bums who flunked out.
How about no? Damned thieves, all of them.
Posted on 8/24/22 at 10:50 am to TigerAttorney
quote:
We don’t need student loan forgiveness, we need student loan reform.
We need both. Unethical practices by for-profit technical institutions and other issues need to be addressed.
Posted on 8/24/22 at 12:17 pm to Ping Pong
Posted by Ping Pong
100%% If Government wasn't the biggest payer in the education and medical industries, these institutions would have to compete for our dollars making quality and affordability a by product. Why put in the effort to increase your efficiency and quality when you know that increasing your prices won't be met with resistance and the gubmint will pick up the tab.
quote:
The cost of a college education has steadily risen the past few decades. And there's a reason why: Government subsidies. Look at the chart below. The cost of goods/services that have risen the most are all subsidized by the government. This is basic economics. The Government is essentially a guaranteed buyer for healthcare and education. Which means the suppliers of these services will continue to raise prices as long as they know the government will keep paying for it. The free market is not at play here, and its what we desperately need.
100%% If Government wasn't the biggest payer in the education and medical industries, these institutions would have to compete for our dollars making quality and affordability a by product. Why put in the effort to increase your efficiency and quality when you know that increasing your prices won't be met with resistance and the gubmint will pick up the tab.
Posted on 8/24/22 at 1:01 pm to Y.A. Tittle
quote:I will never understand how insulating people from their own bad decisions will somehow make them more responsible and trustworthy.
That was my first thought on looking at this as well. Basically, we're "bailing out" the people who had no business going to college in the first place. What exactly is this "helping"?
Posted on 8/27/22 at 9:59 pm to PurpleandGeauld
quote:
The housing industry, the bank industry, the car manufacturer industry, etc., were all bailed out. The rich people at the tops of these came out smelling like a rose, even though they were greedy and/or did bad things. They all got a big infusion of our tax money when the shtf. I think the regular people should be treated the same way and be forgiven 50K, not 10k.
For the record I have no student loans.
I got some downvotes on my thoughts, here's something to support my thoughts.
quote:
Average Weekly Wages
1973: $873
2022: $813
Median Home
1973: $30,200
2022: $433,100
Monthly Rent
1973: $108
2022: $2,002
Tuition and Fees at University of California
1973: $150
2022: $13,104
Boomer: But why can't the slackers pay for college & pay off their loans like we did?
Posted on 8/27/22 at 11:54 pm to onmymedicalgrind
quote:
Agreed. Amount forgiven should be much higher.
How much have you donated to help pay off these debts?
Posted on 8/27/22 at 11:59 pm to PurpleandGeauld
quote:
Average Weekly Wages
1973: $873
2022: $813
You're an idiot if you honestly think the average salary in 1973 was 46k.
And if those numbers are adjusted for inflation, then the housing numbers certainly aren't.
You wanna compare house price to house price? Get a quote for a 1500 sq foot home with an attic fan and an outdoor shitter and we can talk about it.
Posted on 8/28/22 at 6:36 am to whiskey over ice
quote:
I don’t understand why this doesn’t have to go through the House and Senate.
Even Queen Nancy herself said that it must pass Congress.
So, if enough Dems and Republicans scream enough, they can get in the way, but any Dem that gets in the way of it is risking political suicide from party support in the upcoming elections.
Posted on 8/28/22 at 7:26 am to Tarps99
So my kids and I that paid our own way, with parental help, and got valuable degrees and good paying jobs, will be asked to pay for the $200K debt the liberal arts major that’s taking our order at the fast food counter incurred. Sounds fair.
Everything said above about this being a for profit racket that universities, the government and the banks have all gleefully participated in is spot on. And the producers that made good decisions get to (continue) to pay for it.
Everything said above about this being a for profit racket that universities, the government and the banks have all gleefully participated in is spot on. And the producers that made good decisions get to (continue) to pay for it.
Posted on 8/28/22 at 7:27 am to onmymedicalgrind
quote:How much higher?
Amount forgiven should be much higher.
And any thoughts on how we would pay for it?
Posted on 8/28/22 at 7:46 am to PurpleandGeauld
$873 a week in 1973? Not accurate!
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