GOOD. As a student loan debt holder, I’d take a reduction in the asinine level of interest and call it a day. I’ll repay what I borrowed 4 times over by the time I’m “done”. Also, colleges need to be reined in. Tuition is WAYYYYY too expensive.
colleges got so expensive b/c the government program gave loans to anyone for college. Once the money was easy to get tuitions increased. I agree colleges are way too expensive, take away the easy money and that all changes.
A similar thing happened with the housing market. Because there were so many two-income families beginning in the 1980s, housing prices went up because people could afford the higher prices caused by more people being able to afford houses. It seems that when more money is associated with something, the price goes up, even if the cost to make the item doesn't go up that much. I know, it seems like basic economics, but there is a bigger societal aspect to it all.
When i was in college I had a couple friends that took out student loans and bought new skis, boots, etc and season pass for skiing with the money. Needless to say their grades weren't very good. This was in early 70's.
Even though JRB was “installed” as the fake President, there are going to be a lot of pissed off young ones who believed good olde Joe, when he said he was going to forgive student loans, just to get the votes.
Cries of RAAaaaaaaaaacccciiiiisssstttttttt echoed through the swamp. u/#libcry
GOOD. As a student loan debt holder, I’d take a reduction in the asinine level of interest and call it a day. I’ll repay what I borrowed 4 times over by the time I’m “done”. Also, colleges need to be reined in. Tuition is WAYYYYY too expensive.
colleges got so expensive b/c the government program gave loans to anyone for college. Once the money was easy to get tuitions increased. I agree colleges are way too expensive, take away the easy money and that all changes.
A similar thing happened with the housing market. Because there were so many two-income families beginning in the 1980s, housing prices went up because people could afford the higher prices caused by more people being able to afford houses. It seems that when more money is associated with something, the price goes up, even if the cost to make the item doesn't go up that much. I know, it seems like basic economics, but there is a bigger societal aspect to it all.
When i was in college I had a couple friends that took out student loans and bought new skis, boots, etc and season pass for skiing with the money. Needless to say their grades weren't very good. This was in early 70's.
yep, my best friend took the loan enrolled then disenrolled and got the cash. He paid it back when he joined the Navy.
Just loving all this winning. Thank you Jesus Christ.
I would have indirectly benefited from this (caring for someone on disability with student loans) and I'm still happy this fell to pieces.
Even though JRB was “installed” as the fake President, there are going to be a lot of pissed off young ones who believed good olde Joe, when he said he was going to forgive student loans, just to get the votes.
Fools being fooled.. This was nothing more than a test to see if the chattel are still controlled by fiat. Yup, they are.
ooooo, you're so edgy and sophisticated !!!
More like dark and sardonic. I don't think anyone edgy and sophisticated gives a fuck about how the Fed system works..