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Replies: 38
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Walk-On [141]
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Student Debt
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May 22, 2024, 11:12 AM
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Will Biden pay my house payment. I will am tired of paying it. Not fair that I have to pay just to have a roof.
Let immigrants go to med school free. They will become part of our culture faster that way. That and voting. Go Brandon.
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110%er [8367]
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Re: Student Debt
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May 22, 2024, 11:26 AM
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If student loans are really a racket and predatory (they are) the first step would be to put an end to the practice so more people are not caught in the scam. The worst part is to transfer the debt to taxpayers then keep making loans so more folks debt will be transferred in the future.
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110%er [8051]
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Re: Student Debt
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May 22, 2024, 12:00 PM
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It will reduce the value of an education and give universities free reign to raise tuitions since they know they will get paid by loans covered by govt. Why would any parent pay for school, just let kids get loans then parents give kids the money they saved for them to go to school. Sounds great right? People not being accountable for anything and free money?
Paying student loans by govt is the dumbest idea I ever heard or almost by our govt. The kids getting loans today are the ones that need it and want to be in school.
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110%er [7614]
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as a parent of college students.....
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May 22, 2024, 1:02 PM
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don't think I haven't been tempted/considered this: "Why would any parent pay for school, just let kids get loans then parents give kids the money they saved for them to go to school. Sounds great right? People not being accountable for anything and free money?"
Guess I'm just too ingrained to do the "right" thing. If our financial situation was different, I might be tempted even more though and honestly can't fault anyone who does this. I mean they are just trying to breakeven - they are being robbed so they are just trying to get back what is theirs.
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110%er [7633]
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Re: as a parent of college students.....
May 22, 2024, 8:05 PM
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I doubt that many families on the receiving end of ‘student loan forgiveness’ Will refuse the money, even if they disagree with the policy.
We can only hope that the moral families who cash in on this benefit will not vote for the entity who pushed this blatant vote buying giveaway.
Not that it matters, since we don’t know each other, but if you could get a piece of this money, then you should take it. I figure that your family deserves to get back some of the taxes that your household had paid.
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All-Pro [665]
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Re: Student Debt
May 22, 2024, 12:12 PM
[ in reply to Re: Student Debt ] |
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One reason student loan debt has gotten so out of hand is the crazy costs of college these days. To be fair, the availability of student loans are contributing to the increasing tuition so it’s a never ending cycle.
My uncle was able to pay for his 4 years at Clemson by working at a grocery store in the early 90s. That’s not even remotely possible when tuition and housing is pushing $30k a year instate and $50k out of state.
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110%er [7614]
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our whole system is built on that not just college - they were the last to the
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May 22, 2024, 12:55 PM
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party - housing, auto industries were well ahead of that game. How much can you afford(will you be able to for college loans) in monthly pmts, not how much does it actually cost. They'll find away to spend what ever the customer/students/parents can afford to be pay(borrow).
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110%er [7241]
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Every action he takes is in the interest of buying votes,
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May 22, 2024, 11:29 AM
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not the best interest of the country. Embarrassed that is what “we” put in the WH. If he is elected again, we deserve everything we get!
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MVP [508]
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Re: Every action he takes is in the interest of buying votes,
May 22, 2024, 11:44 AM
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I didn't vote for Brandon & never will. Not saying I'm a Trump/MAGA, I'm just not a liberal democrat. Christian Conservative is what I prefer, I don't like party affiliations.
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Orange Blooded [2744]
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This is dumb
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May 22, 2024, 11:54 AM
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The forgiveness is related to those that are on the Public Service Loan Forgiveness (so 10+ years of repayment) and income driven forgiveness (linked to 10+ years of payments and only forgiven if you've reached 20 years of payments or less than $12K remaining).
https://www.cnbc.com/2024/05/22/biden-administration-to-forgive-7point7-billion-in-student-debt.html
Chances are the majority of people in this forgiveness round have paid back their loans and then some. They aren't just giving out forgiveness to everyone with a pulse and loans.
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110%er [5624]
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Re: This is dumb
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May 22, 2024, 12:01 PM
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Why does that become my problem?
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All-Pro [665]
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Re: This is dumb
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May 22, 2024, 12:17 PM
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The public service forgiveness incentivizes people to become teachers, without that forgiveness the shortage would be even larger. Leading to worse education for future generations.
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All-TigerNet [13607]
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So it shouldnt cost anything?***
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May 22, 2024, 4:58 PM
[ in reply to This is dumb ] |
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Orange Blooded [4176]
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Re: Student Debt
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May 22, 2024, 11:55 AM
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you misspelled illegal alien
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Hall of Famer [20465]
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Re: Student Debt
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May 22, 2024, 12:58 PM
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$7.7 billion for 160,000 borrowers, most of whom qualified for the Public Service Loan Forgiveness program that was signed into law by President Bush back in 2007. I assume anyone who has a problem with that also has a problem with military veterans getting free college via the GI Bill, right?
$7.7 billion is a small fraction of what we sent to Israel so far this year. At least this money is being spent to help Americans. I don't have a problem with it. Public schools should be affordable enough that most students don't have to borrow money in the first place, like they were back when boomers were in college.
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110%er [7633]
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Re: Student Debt
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May 22, 2024, 8:13 PM
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This is a non-productivity improving government giveaway.
By ‘making college more affordable’ the student loan forgiveness simply enables colleges to keep increasing their prices for students to attend those colleges; there is no incentive for the colleges to improve the quality of their ‘product’ in order to ‘earn’ the additional demand that the student loan forgiveness program will create among wanna-be college students.
After the college attendance prices go up again, more students / student families won’t be able to pay the student loan.
Next, another student loan forgiveness program will be launched.
Wash rinse repeat.
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Standout [325]
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Re: Student Debt
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May 22, 2024, 2:32 PM
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Or, and this is crazy, we could realize we’re the only developed country charging students this amount to a higher education and mandate lower costs? At the very least since they are unforgivable loans immune from bankruptcy charge like 1% interest on them, 17-19 year old kids shouldn’t be able to secure 6 figure loans with mind blowing variable interest rates.
I have a great job, have had one since I got out of school, 800+ credit and I even refied to a lower interest loan with higher payments and it still took me 14 years to pay mine off, it’s insane. Most of the people getting angry about it paid less than a fraction of todays rates and could literally work their way through college on a part time job. I worked 20-30 hours a week all through college and that was barely enough to cover rent and food, let alone tuition. Stop making this a left/right issue and realize that both parties are just out to f**k the American public for their corporate cronies bankrolling their campaigns
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110%er [5624]
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Re: Student Debt
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May 22, 2024, 2:41 PM
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Yea, so do that. Don't give away money...fix it. The constant stimulus and forgiveness packages from "president" Biden the past few years, along with his big government tendencies, are completely out of control. It is not sustainable.
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Standout [325]
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Re: Student Debt
May 22, 2024, 4:05 PM
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That’s the problem nobody’s fixing anything just pointing fingers to keep the status quo which is really what they both want. Have neighbors fight each other about trivial party bs so they don’t realize a group of around 600 people in Washington are the ones they should really be concerned with
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110%er [7633]
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Re: Student Debt
May 22, 2024, 8:15 PM
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Remind me of the last time that the RINO wing of the Uniparty led the enactment of a student loan forgiveness program.
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All-In [32589]
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Re: Student Debt
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May 22, 2024, 2:56 PM
[ in reply to Re: Student Debt ] |
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I had no debt from undergrad, but medical school debt that was almost 300,000, that with capitalizing annual interest at 6.7% for the duration of residency and fellowship ended at almost $400,000. I refinanced after finishing training and pay $2400/mo and will do so for the next 13 years.
Most of the people ripping their hair out over loan forgiveness went to school when tuition was something you could pay with a decent summer job, they have absolutely no understanding of what it costs now, or about the loan forgiveness programs people signed up for and paid into for years only to have it rejected at the finish line.
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All-TigerNet [12113]
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That's really sad.
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May 22, 2024, 3:24 PM
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I'm sorry someone put a gun to your head and made you borrow that money.
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All-In [32589]
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Re: That's really sad.
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May 22, 2024, 3:28 PM
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1. I wasn’t talking to you
2. I wasn’t asking for sympathy
3. Kindly go #### yourself
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All-In [28905]
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Your reminder this guy yells at nurses.***
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May 22, 2024, 3:34 PM
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All-In [32589]
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Re: Your reminder this guy yells at nurses.***
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May 22, 2024, 3:36 PM
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He was genuinely proud of himself over that encounter too, enough so to post it on Tnet
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All-TigerNet [12113]
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Never happened
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May 22, 2024, 4:41 PM
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I spoke with the nurse who agreed with me.
Y'all living in a fantasy world.
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110%er [7633]
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Re: That's really sad.
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May 22, 2024, 8:22 PM
[ in reply to Re: That's really sad. ] |
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1. Congratulations on being admitted to and subsequently graduating from med school.
2. Med school was expensive, but you went and paid for it because you knew that a career as a physician / specialist would allow you to earn far more money than the cost of your education.
3. Also, high cost of med school may have motivated you a teeny bit more to stick with it and finish, instead of dropping out to play lead guitar in a start up traveling band.
4. What is wrong with the pay-for-it-yourself higher 3ducation model from which you achieved both purpose + financial career success?
Vielen dank
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CU Guru [1120]
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Re: That's really sad.
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May 22, 2024, 5:30 PM
[ in reply to That's really sad. ] |
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I'm sorry someone put a gun to your head and made you borrow that money.
Get the violin out for the doctor and before someone blasts me I have three in my family and not a one is wanting the taxpayers to pay their student loans
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All-In [32589]
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Maybe you missed the whole part where Im paying mine off
May 22, 2024, 5:48 PM
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And I don’t think you want my tax bill
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CU Guru [1120]
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Re: Maybe you missed the whole part where Im paying mine off
May 22, 2024, 6:57 PM
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And I don’t think you want my tax bill
I will bet my tax bill exceeds yours
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All-In [32589]
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Re: Maybe you missed the whole part where Im paying mine off
May 22, 2024, 7:33 PM
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Well buddy if it does, then congratulations and condolences
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All-In [25492]
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All-In [25492]
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Universities got paid upfront and now financial institutions are getting paid.
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May 22, 2024, 6:38 PM
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Joe Citizen is footing the bill for "students" that are too slack to cover their own.
Most of the recipients have been out of school and working for years earning six-figure salaries.
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All-In [41010]
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College students deserve to be subsidised
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May 22, 2024, 7:35 PM
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by those that did not go to college
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All-In [32589]
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Re: College students deserve to be subsidised
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May 22, 2024, 8:16 PM
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I know right, wouldn’t it be terrible if the inverse were true and college graduates & higher earners were forced to subsidize things for the uneducated like food, housing, healthcare, utilities, cell phones, having kids, childcare, EBT cards for beer money, “permanent disability,” etc?
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All-In [25492]
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^^^ Elitist attitude on full display ^^^. Would be hard to find a better example
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May 22, 2024, 8:21 PM
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"Subsidize" this...
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All-TigerNet [13607]
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110%er [7633]
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No one is stopping you from purposely paying more taxes than you owe - - -
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May 22, 2024, 10:45 PM
[ in reply to Re: College students deserve to be subsidised ] |
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- - - there, I’ve just helped you to contribute more to social causes near and dear to your heart by informing you that, indeed, you can voluntarily pay more federal taxes than you owe.
As one among America’s most highly compensated professions, I’m confident that you’ll gladly scratch that social justice itch by paying more taxes and skipping out on buying that Porsche and opting for the Toyota Corolla.
No need to thank me for the info.
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Orange Blooded [2740]
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Re: College students deserve to be subsidised
May 23, 2024, 12:07 AM
[ in reply to Re: College students deserve to be subsidised ] |
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^^^^^ I agree with you. I don’t think it’s an elitist attitude. It’s just a fact. Between keeping up the people with all the above AND Medicaid and sending billions of dollars to other countries as we’ve done for decades no matter which party our president came from, we are effed.
That’s why I really have no problems with forgiving some student loans. Especially if the people work in fields like healthcare and teaching. ALL of this money comes from the taxpayers. I don’t particularly love the idea of keeping up people who won’t work or didn’t prepare for their futures.
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Replies: 38
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