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re: White House set to cancel $10k of student loans
Posted on 5/27/22 at 12:27 pm to BurningHeart
Posted on 5/27/22 at 12:27 pm to BurningHeart
That is the new America, let's reward dumb asses and try to fix their stupidity.
1
Posted on 5/27/22 at 12:31 pm to 93and99
quote:
quote:
White House set to cancel $10k of student loans
It's called pandering to stupid lowlifes.
it's called buying votes
Posted on 5/27/22 at 12:41 pm to BurningHeart
So any reforms in process to stop people from increasing debt again on something that will not help repay it?
Loan amounts should be approved after some proper due diligence on value of the college, value of the degree from college based on likely future income, graduation rates, and chances of student’s success based on the track record before each school year. All parties should have a share in the risk of their decisions. Not all schools or degrees are equal when it comes to most likely income right after graduation through next 10 years and ability to repay loan while getting on with life and other expenses.
It’s also a farce to call it financial aid and have it handled by financial aid departments at colleges when it’s loan in the first place and aids colleges more than most of the students they push it on. Colleges get their money risk free and up front each semester. If they want to push it like crack they need to share in risk of pushing inflated tuition and loans on students.
Govt can still help hold off on payments until degree, help cover lower rates, and make payments if they decide to do Covid type programs. I am not saying those are good things, but it would be based on much lower amounts of loans and student debt with shared risk by all parties.
Loan amounts should be approved after some proper due diligence on value of the college, value of the degree from college based on likely future income, graduation rates, and chances of student’s success based on the track record before each school year. All parties should have a share in the risk of their decisions. Not all schools or degrees are equal when it comes to most likely income right after graduation through next 10 years and ability to repay loan while getting on with life and other expenses.
It’s also a farce to call it financial aid and have it handled by financial aid departments at colleges when it’s loan in the first place and aids colleges more than most of the students they push it on. Colleges get their money risk free and up front each semester. If they want to push it like crack they need to share in risk of pushing inflated tuition and loans on students.
Govt can still help hold off on payments until degree, help cover lower rates, and make payments if they decide to do Covid type programs. I am not saying those are good things, but it would be based on much lower amounts of loans and student debt with shared risk by all parties.
Posted on 5/27/22 at 12:43 pm to Joshjrn
so, since you want to paint everything onto a financial/economic axis, the rest of us should ignore ignore the Left’s open shift towards more progressive policies?
where on your economic axis do immigration and crime prevention policies fall? And to frame it back to the original point, how have conservatives shifted farther compared to the Left?
where on your economic axis do immigration and crime prevention policies fall? And to frame it back to the original point, how have conservatives shifted farther compared to the Left?
This post was edited on 5/27/22 at 12:45 pm
Posted on 5/27/22 at 12:48 pm to BurningHeart
quote:
White House set to cancel $10k of student loans
That’s about how much I have left to pay so I’m not going to complain but what’s the point of only paying 10k off? That’s like giving most people a semesters worth of tuition.
Posted on 5/27/22 at 12:49 pm to BurningHeart
*if you’re vaccinated
Posted on 5/27/22 at 12:51 pm to terriblegreen
quote:
If you took a loan. Pay it back. Period.
fricking crybabies.
"College graduates suffering from extreme debt is actually good. frick them trying to buy houses, have kids or move on with their life in general."
- this forum
The point is that the cost of college has been consistently rising while wages have not, making it hard for graduates who didn't have their parents pay to participate in the economy. But I guess having large swathes of our educated population unable to participate in the economy is no big deal
fricking morons
Posted on 5/27/22 at 12:51 pm to Klark Kent
I feel like you’re fundamentally not understanding the concept:
Posted on 5/27/22 at 1:00 pm to Porcine Human
quote:
The point is that the cost of college has been consistently rising while wages have not, making it hard for graduates who didn't have their parents pay to participate in the economy. But I guess having large swathes of our educated population unable to participate in the economy is no big deal fricking morons
You realize that the rising cost is related to the ease of getting loans, right? Right?
I guess not.
Posted on 5/27/22 at 1:03 pm to BurningHeart
Manor Farm doesn’t want to scratch student debt, eh?
Posted on 5/27/22 at 1:07 pm to Porcine Human
quote:
"College graduates suffering from extreme debt is actually good.
The average debt is a little over 30k, about $375 a month.. About the cost of a small car.
"Extreme debt" my arse.
But you folks whining about your obligations doesn't surprise anyone.
This post was edited on 5/27/22 at 1:08 pm
Posted on 5/27/22 at 1:08 pm to TigerLife63
quote:
That is the new America, let's reward dumb asses and try to fix their stupidity.
Does this apply to "business" owners who took COVID-19 relief funds?
No? Oh, so we're picking and choosing who are "legitimate" moochers.
Posted on 5/27/22 at 1:10 pm to Porcine Human
quote:
The point is that the cost of college has been consistently rising while wages have not
This will make the problem worse.
Posted on 5/27/22 at 1:10 pm to LockDown
quote:
Does this apply to "business" owners who took COVID-19 relief funds?
No, because the government shut them down and limited business
Use some common sense.
This post was edited on 5/27/22 at 1:11 pm
Posted on 5/27/22 at 1:13 pm to Porcine Human
quote:
The point is that the cost of college has been consistently rising while wages have not
Might think about limiting illegal immigration and purchasing domestic. Stop buying from Amazon, go to your local stores and purchase.
Things that put downward pressure on wages.
But I imagine you hate the word "nationalism" and think blocking illegal immigration is racist.
Posted on 5/27/22 at 1:13 pm to RogerTheShrubber
quote:Then there’s no reason for you to be bothered when it’s scratched since it isn’t a lot.
The average debt is a little over 30k, about $375 a month.. About the cost of a small car.
"Extreme debt" my arse.
Posted on 5/27/22 at 1:15 pm to RogerTheShrubber
quote:
No, because the government shut them down.
No prudence and planning for a rainy day? Why is that the problem of taxpayers?
What if war or civil unrest breaks out? Natural disaster?
Before you say insurance could cover that business interruption, what if it doesn't? What if there's no insurance? How is that the responsibility of taxpayers?
Enjoy your "common sense" while a lot of younger people get some sweet, sweet student loan forgiveness.
Posted on 5/27/22 at 1:16 pm to xiv
quote:
Then there’s no reason for you to be bothered when it’s scratched since it isn’t a lot.
Dumbest comment yet. 10k per borrower is a shite load of money to the taxpayer.
You probably still wonder why we have inflation ....
Posted on 5/27/22 at 1:17 pm to LockDown
quote:
No prudence and planning for a rainy day?
Do you have two years of business expenses saved up?
Do you know any company who does?
Posted on 5/27/22 at 1:18 pm to LockDown
quote:
Enjoy your "common sense" while a lot of younger people get some sweet, sweet student loan forgiveness.
Guess who will pay for it?
You guessed it. Young people.
Enjoy your inflationary economy.
This post was edited on 5/27/22 at 1:19 pm
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