The underlying issue is that the government should never have gotten involved with the student loan business. They should be like any other unsecured loan, and they should be dischargeable in bankruptcy. Whether the school backs the loans or a private bank doesn't make much difference.
What makes the most difference is that the cost of the loan (the interest rate) will go up. That means more students will not be able to afford college, which is a short term pain, but it also means the schools won't get the crazy level of funding. The schools would then have to compete for students, and a major area of competition will be cost. How do colleges cut down on costs? Eliminate all of the bullshit. Eliminate the beaurocrats, the college-provided health and mental health centers, the sports that aren't self funded, the college-owned dorms and food halls, etc. Privatize that shit so students can pay for that a la carte, or not.
Eventually bullshit gone, tuition costs drop, and the taxpayers are no longer involved.
This post is slicing and dicing Americans in so many different directions, the only conclusion can be division was the goal. The real bottom line here: the central bank oligarchs, who created the desperate circumstances here for every common American, are the enemy, not all of these peasants the post has pitted against each other, or the allegedly "indoctrinated" non-working genders studies grad who neo-cons want us to believe represents all or even just a large portion of American students.
It's not surprising to see how many of the good responsible conservatives who paid back their student loans are gnashing their teeth over the possibility that someone, somewhere, might be freed from debt-slavery.
But what about me? What about we poor rich kids who never had to borrow so much as a dime to pay for college? Isn't it even more unfair that we a) had to pay ridiculously inflated prices because all those nasty little poor people were allowed to spend someone else's money, and, b) we weren't given any financial aid grants and were forced to pay the full retail price for the mere crime of having lots of money?
All right, I'm exaggerating. We didn't actually pay for school. Our daddies did. See, that right there, that's grit, that's what that is. The Boomers are right. Just stop whining and do what I did. It wasn't hard at all.
But it's still unfair! How will WE benefit from a student loan debt jubilee? Why isn't anyone thinking about ME and MY compensation? I mean, how can I possibly benefit from the housing market not completely collapsing because 45 million of the most educated people in America can't qualify for a mortgage? What good is it to me if 45 million people suddenly have the ability to save money for the first time in their lives? I mean, it's not as if savings = investment, or that I is a core component of Gross Domestic Product, right?
Stop using the word boomers in a derogatory way! Frankly I'm sick and tired if it! Have some respect and blame thise really responsible! The damn people in charge! We don't need socialism/communism we intelligent voters! Get your head outta your ass!
And once again, just like with Obamacare, Republicans, including supposedly 'awake' patriots, are screaming about muh handouts instead of talking about the underlying issue that's giving this legs.
Make the schools themselves accountable for producing capable students, and the issue will go away. Right now, schools get money and don't actually have to provide anything for it. These loans should have always been merit based anyway. If grades fall below a certain point, loan money stopped.
I agree completely about that underlying issues need to be addressed.
The idea that everyone should get a college degree these past several decades really screwed us over in the long run. It eventually made a college degree pretty useless in itself. I think a college degree today is worth what a high school diploma was in the 50s and 60s. Back then a man could get a good job with just a HS diploma and support himself and a family in a fairly comfortable fashion.
Today you need a college degree to get pretty much any non-labor or menial job. Just a basic front desk job where the hardest thing you do is file paperwork and answer the phone requires a damn 4 year degree these days. It's ridiculous beyond belief.
People looking down their noses at trade crafts has also been a factor. Why plumbers and mechanics and electricians and welders and such have been so belittled as careers is beyond me. All I can figure is that snobbery won out over common sense.
Anyway, all of that is just my opinion, and we all know what they say about opinions. 😁
The loans should not exist. There are no handouts, it is Republicans paying for Republicans to go to college, and Republicans also paying for Democrats to go to college. There is no metric for 'merit' and if there was, they would say it's with the evil graduates of Harvard and shit. The process is to steal money at gunpoint from productive people and then give it to idiots who will vote like idiots; it should be eradicated completely. By the way, if these loans didn't exist, there would be NO NEED for them. College is expensive because stupid people are willing to pay ridiculous prices because it's 'later money' or 'gonna be forgiven'. If loans ended, colleges would simply lose attendance until their prices became reasonable.
I worked my ass off paying my way through an unnecessary college degree. I let my new bride (now ex) convince me to take out a $5k loan for my last semester. Then after I graduated, I let her convince me to consilidate my $5k loan with her $50k loan. Even after we’re divorced, consolidated student loans cannot be un consolidated. Too bad they don’t teach common sense in college. Lessons learned 😆
The central bank is going to collapse again, anyway. Look at the rest of the conditions. It's all going away, soon. We need to be about ensuring it's replaced with an America first system, rather than the great reset satanic commie disease. The rest of this squabbling is just for dividing the peasants.
Kek. So good. Although as a former student loan slave myself I will say… no I did not understand what I signed up for. That the job average salary is not accurate and that I did not know how the math would add up. Yes I was stupid and my parents didn’t know better to teach me. And I sure as shit didn’t learn finance in high school. Having said that, the first few years were rough. Eventually paid it off. But there is a lot of predatory lending esp when the govt is giving the banks free reign to enslave the dumb kids and the schools take advantage of the guaranteed loans.
But yes. The dumb kids need to be responsible. As well as the dumb parents that encourage their kids to pursue their passion in underwater basket weaving (Thank you Dave Ramsey). So does the corrupt, banker owned govt officials.
This just outlines the two types of communist leaders; the bloodthirsty madmen who will kill anyone to get what they want, and the guys they stab in the back to get control of their little fiefdoms...
Yeah well, the assholes would get more votes if taxes were cut, inflation stopped, and shipping was back to where it was. Got news for the stupid DIMocrats and that is many college kids don't vote. Their parents who are paying 100% more for some things won't vote for those raising their cost of living.
I worked at a university for a few years. These schools are schools they are country clubs to spoil kids. She. I was in school we drove our parents old cars or $500 clunkers. These kids cars were better than the people working there. And every fall the employees waited for the shoe to drop in who would get let go because "the numbers were bad" (meaning there were fewer student). The people they let go were usually those who had had a major health event or were close to retirement. Have a baby ir cancer. Bye bye! Knee replacement or surgery of some kind within your family. Bye bye!
If you didn't get cut you were taking a cut in pay or responsibile for paying for more of your health care.
Yeah. Well just up tuition. That will fix it.
So, let’s say they decide to pay off student debt. Today. Great for those people. But, what about next year? And the next? If they don’t keep it up, future whiners will cry about favoritism and bigotry. Are they planning on making colleges free to attend? Have they thought this far in advance? Or, are they going to continue to try to fleece us for it?
How in the world did tuition get so inflated to begin with?
I went to college in 1995 and we thought it was expensive then. I went the CC/state school with scholarships and a part time job and a generous family route and I feel extremely lucky I never needed student loans.
My father was able to put himself through pharmacy school while supporting a wife and eventually a family as a weekend clerk in a pharmacy in the mid 60s.
I'm hoping that with more schools doing complete degrees via distance learning that it might reduce costs. Surely they're saving money not having to heat/cool/maintain as many buildings and other campus expenses?
Universities should be forced to forfeit all of their ridiculously bloated illgotten endowments to pay off student loans.
They were the prime beneficiaries of this predatory arrangement.
The underlying issue is that the government should never have gotten involved with the student loan business. They should be like any other unsecured loan, and they should be dischargeable in bankruptcy. Whether the school backs the loans or a private bank doesn't make much difference.
What makes the most difference is that the cost of the loan (the interest rate) will go up. That means more students will not be able to afford college, which is a short term pain, but it also means the schools won't get the crazy level of funding. The schools would then have to compete for students, and a major area of competition will be cost. How do colleges cut down on costs? Eliminate all of the bullshit. Eliminate the beaurocrats, the college-provided health and mental health centers, the sports that aren't self funded, the college-owned dorms and food halls, etc. Privatize that shit so students can pay for that a la carte, or not.
Eventually bullshit gone, tuition costs drop, and the taxpayers are no longer involved.
Alas, the fix for almost everything.
Like where your head is....
This post is slicing and dicing Americans in so many different directions, the only conclusion can be division was the goal. The real bottom line here: the central bank oligarchs, who created the desperate circumstances here for every common American, are the enemy, not all of these peasants the post has pitted against each other, or the allegedly "indoctrinated" non-working genders studies grad who neo-cons want us to believe represents all or even just a large portion of American students.
I'd rather them forgive student loans than spend that money on yet another war.. which is the plan
How about neither? Also, defund NPR and a few other things.
It's not surprising to see how many of the good responsible conservatives who paid back their student loans are gnashing their teeth over the possibility that someone, somewhere, might be freed from debt-slavery.
But what about me? What about we poor rich kids who never had to borrow so much as a dime to pay for college? Isn't it even more unfair that we a) had to pay ridiculously inflated prices because all those nasty little poor people were allowed to spend someone else's money, and, b) we weren't given any financial aid grants and were forced to pay the full retail price for the mere crime of having lots of money?
All right, I'm exaggerating. We didn't actually pay for school. Our daddies did. See, that right there, that's grit, that's what that is. The Boomers are right. Just stop whining and do what I did. It wasn't hard at all.
But it's still unfair! How will WE benefit from a student loan debt jubilee? Why isn't anyone thinking about ME and MY compensation? I mean, how can I possibly benefit from the housing market not completely collapsing because 45 million of the most educated people in America can't qualify for a mortgage? What good is it to me if 45 million people suddenly have the ability to save money for the first time in their lives? I mean, it's not as if savings = investment, or that I is a core component of Gross Domestic Product, right?
Why won't you shed a tear for me?
Stop using the word boomers in a derogatory way! Frankly I'm sick and tired if it! Have some respect and blame thise really responsible! The damn people in charge! We don't need socialism/communism we intelligent voters! Get your head outta your ass!
Bill Clinton expanded federal subsidization of student loans. Boomers voted for Clinton.
No f'in idiots voted for her-who-shall-not-be-named
Found the Boomer
Nope. You're wrong. I found another stupid shill
Okay. Drown in debt.
If you hit the lottery, I promise not to cry about it.
And once again, just like with Obamacare, Republicans, including supposedly 'awake' patriots, are screaming about muh handouts instead of talking about the underlying issue that's giving this legs.
Make the schools themselves accountable for producing capable students, and the issue will go away. Right now, schools get money and don't actually have to provide anything for it. These loans should have always been merit based anyway. If grades fall below a certain point, loan money stopped.
I agree completely about that underlying issues need to be addressed.
The idea that everyone should get a college degree these past several decades really screwed us over in the long run. It eventually made a college degree pretty useless in itself. I think a college degree today is worth what a high school diploma was in the 50s and 60s. Back then a man could get a good job with just a HS diploma and support himself and a family in a fairly comfortable fashion.
Today you need a college degree to get pretty much any non-labor or menial job. Just a basic front desk job where the hardest thing you do is file paperwork and answer the phone requires a damn 4 year degree these days. It's ridiculous beyond belief.
People looking down their noses at trade crafts has also been a factor. Why plumbers and mechanics and electricians and welders and such have been so belittled as careers is beyond me. All I can figure is that snobbery won out over common sense.
Anyway, all of that is just my opinion, and we all know what they say about opinions. 😁
The loans should not exist. There are no handouts, it is Republicans paying for Republicans to go to college, and Republicans also paying for Democrats to go to college. There is no metric for 'merit' and if there was, they would say it's with the evil graduates of Harvard and shit. The process is to steal money at gunpoint from productive people and then give it to idiots who will vote like idiots; it should be eradicated completely. By the way, if these loans didn't exist, there would be NO NEED for them. College is expensive because stupid people are willing to pay ridiculous prices because it's 'later money' or 'gonna be forgiven'. If loans ended, colleges would simply lose attendance until their prices became reasonable.
I worked my ass off paying my way through an unnecessary college degree. I let my new bride (now ex) convince me to take out a $5k loan for my last semester. Then after I graduated, I let her convince me to consilidate my $5k loan with her $50k loan. Even after we’re divorced, consolidated student loans cannot be un consolidated. Too bad they don’t teach common sense in college. Lessons learned 😆
Fuck
The loans were extortionary.
The woefully retarded...
The promise of student loan forgiveness is the only valuable campaign artifact. There is absolutely zero value in actually doing it
The central bank is going to collapse again, anyway. Look at the rest of the conditions. It's all going away, soon. We need to be about ensuring it's replaced with an America first system, rather than the great reset satanic commie disease. The rest of this squabbling is just for dividing the peasants.
Kek. So good. Although as a former student loan slave myself I will say… no I did not understand what I signed up for. That the job average salary is not accurate and that I did not know how the math would add up. Yes I was stupid and my parents didn’t know better to teach me. And I sure as shit didn’t learn finance in high school. Having said that, the first few years were rough. Eventually paid it off. But there is a lot of predatory lending esp when the govt is giving the banks free reign to enslave the dumb kids and the schools take advantage of the guaranteed loans.
But yes. The dumb kids need to be responsible. As well as the dumb parents that encourage their kids to pursue their passion in underwater basket weaving (Thank you Dave Ramsey). So does the corrupt, banker owned govt officials.
Che on the shirt? Nice touch!
che'el bro
The government wastes a lot of fucking money. Having more educated people around doesn't seem like a waste of money to me.
This just outlines the two types of communist leaders; the bloodthirsty madmen who will kill anyone to get what they want, and the guys they stab in the back to get control of their little fiefdoms...
Yeah well, the assholes would get more votes if taxes were cut, inflation stopped, and shipping was back to where it was. Got news for the stupid DIMocrats and that is many college kids don't vote. Their parents who are paying 100% more for some things won't vote for those raising their cost of living.
I worked at a university for a few years. These schools are schools they are country clubs to spoil kids. She. I was in school we drove our parents old cars or $500 clunkers. These kids cars were better than the people working there. And every fall the employees waited for the shoe to drop in who would get let go because "the numbers were bad" (meaning there were fewer student). The people they let go were usually those who had had a major health event or were close to retirement. Have a baby ir cancer. Bye bye! Knee replacement or surgery of some kind within your family. Bye bye! If you didn't get cut you were taking a cut in pay or responsibile for paying for more of your health care. Yeah. Well just up tuition. That will fix it.
So, let’s say they decide to pay off student debt. Today. Great for those people. But, what about next year? And the next? If they don’t keep it up, future whiners will cry about favoritism and bigotry. Are they planning on making colleges free to attend? Have they thought this far in advance? Or, are they going to continue to try to fleece us for it?
How in the world did tuition get so inflated to begin with?
I went to college in 1995 and we thought it was expensive then. I went the CC/state school with scholarships and a part time job and a generous family route and I feel extremely lucky I never needed student loans.
My father was able to put himself through pharmacy school while supporting a wife and eventually a family as a weekend clerk in a pharmacy in the mid 60s.
I'm hoping that with more schools doing complete degrees via distance learning that it might reduce costs. Surely they're saving money not having to heat/cool/maintain as many buildings and other campus expenses?