You want debt cancellation? Two can play that game!
(media.greatawakening.win)
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The fair solution is to just lower the interest rates on the student loans. You have a debt that must be paid and that’s fair but charging 4-5% on many loans on American students is ridiculous.
Maybe a fairer solution would be NOT TO HAVE AN EDUCATION THAT COSTS $100k/YR.
Why not both
Yes. Attack problems from multiple angles.
This! We’re only sending our kids to conservative schools that actually teach something useful and doesn’t cost 100k.
It shouldn't be subsidized by the government.
I think that all the students who were conned into getting degrees that do not, and will not ever, pay squat need to sue the college/university to get their student debt removed.
Women's studies and it's ilk are what I'm talking about.
Agreed. All Advanced Diplomas in cutting your dick off, painting it blue and yellow and throwing at the sky as a salve against glowbull-enhappening and in the off chance it hits Putin should sue.
Seriously though, the education is a con and universities should not be remunerated.
End govt subsidies (aka “Student Loans”)
That would be a good start.
Higher education is a choice and an unsecured loan that results in a higher interest rate. This is just Econ 101. But liberals are to fucking stupid to realize it. You signed it, you pay it. Welcome to real world. If you can't hack it, buy a fucking helmet. It's rough out here snowflake
Noice. kek
Owning a home isn't a crime, cancel all property taxes.
Mortgages can be very stifling. We should cancel them too. Lol
Why not? They magic the money up from nowhere, it is literally an instrument of fraud. The signature on the loan documentation is the only thing that makes it real and then they proceed to charge you 30 years of interest up front which you then pay off instead of the principle. $190,000 paid personally and only $40K has come of the principle. If it came directly off the principle like any sentient being would expect, my loan would be almost finished but I am paying for interest that travels through time.
It's a vile crock-of-shit system that everyone is forced into. Only society's brainwashing makes people think this is reasonable.
I know it can't just be cancelled but I am hoping the "bring down the whole diseased temple on their heads" quotient ramps up significantly and fiat gets what is coming to it.
I know fuck all though as finance could put a crystal meth tweaker to sleep, but the joke is on the economists because it's all a fugazi.
Lmao! Finance is dull as all hell! Love it
Should be able to declare bankruptcy on student loans however (note that in saying this I do not have any)
Education and jobs need fixes with more deregulation. You should not need a license to work these various jobs. People should be freer to open up schools to compete with an inefficent expensive school system. The regulation of education and employment in general has reduced productivity dramatically
I and my wife paid off all our loans.
you should be able to declare bankruptcy on student loans. Loans should not be guaranteed by the government. Lenders will have to look at the students and what they plan on studying to determine if they are worth the risk. this will end up lowering and decreasing the number of bullshit degrees. it will have the added benefit of destroying grievance studies departments.
Oh I like that idea! Gender studies - you get an interest rate! Accounting? No interest for you!
I had an interest-free student loan which I paid in full. They ended that shortly after I went through, if I recall. Or perhaps it was interest-free because my Dad was a cosigner?
Are all the cosigners of these loans getting chased down to pay up? Were there no cosigners in later years?
And yeah, I see no reason why bankruptcy shouldn't include a student load. It's kind of like the vaccine industry having immunity. Head scratchers.
how long ago did you go through? I first started college in 2005 and the loans I took out did not require a cosigner. I think once they started being federally backed no cosigners were needed since the fed was essentially the cosigner.
80's - I can't remember if mine required a cosigner but my brother's did because my dad continued to stress about it and harp on it for the life of the loan.
We need to cancel every penny of the national debt!!!
Eeeh, this is apples and oranges, getting an education is a good thing, drinking is not. I don't agree with education for profit. Knowledge should be free.
Knowledge is free.
You have to pay for a piece of paper that says you are better than other people.
Splitting hairs. For profit places shouldn't be the ones arbitrating if you are "worthy" of the paper. And I've seen time and time again people who can't even do the job despite having the paper. It's a scam.
u/#catdance
Truly this is an aspect of inflation that everyone will notice.
"A penny for your thoughts..." has now become a nickle.
Either that or nobody wants to hear your thoughts anymore...
Hope not at the hospital tho
I firmly believe that our young people are our greatest resource and those that graduate with a high GPA shouldn’t have to pay for higher education at all. It is just wrong that the government charges such ridiculously high interest on a student loan. My daughter’s loans were as high as 8.5%. Further, the costs of higher education has gotten absurdly high with things like room and board and meal tickets costing more than the actual education. You pile on that all these effing woke professors and there is no doubt I would be looking at trade schools or military before ever considering college/university.
Not to argue, but I would acknowledge that grade inflation is real.
I suspect many students/graduates have benefited from such, particularly the DEI crowd.
Rather than canceling on the basis of GPA, let them prove that they can perform a real skill in the military.
Most probably can't do that. They signed on the dotted line for "party money".
The party is over. Pay your bills.
"No Child Left Behind"
simple way to lower the cost of higher ed. Treat the loans like any other loan. The banks will force the price down because the average student will not be able to buy the schools product without a loan. No demand equals lower prices.
A person chooses to go to the bar and drink up a tab. Some jobs “require” these pieces of paper. Because that’s all these universities are charging for, a piece of paper. And they want you in severe debt to get it. Just to get a job you want and or are good at. My son coulda taught music straight from HS. But of course that isn’t allowed. Had to spend 4 yrs in college to get a dang degree. Luckily he earned scholarships and only has to pay back 20k. But overall that schooling cost 100k if he hadn’t had those scholarships. Ridiculous. They’ve laid a path to education in debt. Not sure how that’s relates to a drunk in a bar. Education shouldn’t cost what it does, period. Wanna get drunk, wanna run up a tab, that’s on you.
It’s definitely curious what kinds of debt cancellation those on this board support and don’t support depending on who they perceive benefitting from it.
None honestly. If you make the choice to do something, then live with the terms. That is the only way to do it. Once you open pandoras box on that it never stops. Plenty examples of this in the world today....
But just because you made the choice doesn’t make that choice valid. What other “choice” do you have? If you want to be a nurse, what other paths can you choose? So now that you want debt, you’ll go work at Tyson instead. Gutting pigs and chicken. That’s an amazing choice there…..This debt shouldn’t exist for this kind of schooling. We need nurses. I just got out of the hospital and those nurses were amazing. All of them from the ER to the hospital stay. Amazing. I’d glad they are there. So what other options can they choose other than this scam laid in debt? There is no choice. So therefore something needs to be done. I think of the “pandemic”. They basically gave you “no choice”. Yet we did have a choice. But that doesn’t relate to that piece of paper needed to get these jobs. There is no other path. And we need, need, many of these people in these positions. Love to hear the other options.
I was referring to the choice to be the nurse to use your example. Knowing you need the paper, knowing it comes with debt, knowing you will be making 6 figures and if you make proper budget choices then you can pay it off.
I understand what you are saying that needed professions such as nurses, doctors, engineers, etc are needed and you need the credentials to get in the door. I agree that college is way too expensive and its for profit, not for education. Look at college football coaches making millions in salary.
But the point I was making is say you forgive nurses. Doctors would be in that too. Then pharmacists, engineers, etc. It will just keep ballooning out. Then when half have forgiveness and the other half doesn't, obviously you know what comes next.
I think these jobs I have mentioned above should all go the way of trade school. Where you are paid while you learn and get hands on experience as you go. Then upon completion you get a big raise and are off into the world.
There are several ways it could be helped but just straight up forgiveness isn't the play IMO.
I’m also thinking of the poor. I’m in construction. Build houses for a living. I’ve seen amazing brilliance, hanging around a plumber because they don’t have a path for cash to go to college. The merit of people is what needs to be appreciated. Rich kids shouldn’t be the only ones getting the breaks. Make the test even harder. They’ll still pass because they are very smart. We have lost geniuses and no telling what because of the scam that’s debt for college and schooling. It deters poor people instantly. And they end up stocking shelves when they coulda been the next doctor in our area. They got the brains, just need the breaks. Another reason education shouldn’t cost a fraction of what it does. If any at all. The cost, imo, is in the housing and traveling and food, esp if they go college abroad. The cost of the school is highway robbery. My thoughts.
Yes absolutely I agree and understand what you are saying. There are geniuses at every level of income and sometimes the fear of the debt is the thing that stops someone one great from doing something great.
Making it purely about tests, meaning you need to pass some hard test to get the opportunity to to college but it would be free is not bad at face value but when I hear this I tend to keep thinking forward in the path... Now you basically have military style placement testing where if you fail, you wont get that second chance. Honestly, the first thing that comes to mind is some socialist placement test to determine what you do for a living. It is just a slippery slope when you base it on anything other than offering a choice and fully understanding all the terms.
What you are describing is how DEI started. It started with give the poor kid a shot by having others pay their way. Obviously there were tons of success stories in that but then it morphed into what we have today. Vast majority women and extremely over represented "minorities" in the name of fairness.
I know what you are saying is coming from a good heart and can feel the passion in it as you write it but we have to always think about how something good can be twisted and morphed into the BS we deal with today.
Overall I still agree college is for profit and not for learning which makes it unreachable for anyone not wealthy or female or minority. This is the current situation. A trade school style of learning would greatly change the dynamic of how it works and more people would have opportunities.
That said, the entire thing needs to be 100% merit based. Not how you were born. The world needs to go back to "the sweat of your brow" and not this forced equal outcome failure mindset that has corrupted many generations now.
That's an idea that Nancy could get behind.
Just study things that have a job at the end of it.Also colleges need a 50% cut in admin staff.
Cancel my credit card debt too pls.
There are people who would take out student loans to live on and fuck around with, not just for education.
Spelling whisky with no “e” is the Scottish way, supposedly to save money on ink. We need to cancel every penny of ink debt.
Intrastate students should never have to pay for college. At the very least at the community college level.
No interstate students coming in and being accepted ahead of in state students, either. (And certainly no foreigners)