Dont worry about the student loan forgiveness
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Tradewind
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I think it will piss off more people than it will buy votes. Course, I'm biased and have been reading this whole thread...mittens and all
noharleyyet
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From the aides who drafted it...
www.whitehouse.gov
FACT SHEET: President Biden Announces Student Loan Relief for Borrowers Who Need It Most - The White House
A three-part plan delivers on President Biden’s promise to cancel $10,000 of student debt for low- to middle-income borrowers President Biden believes
BuzzH
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If I were younger, I would...hunting is spectacular there.
Socialism for things like health care don't scare me, SOCIAL security, medicare, etc.
Feel free to continue to wallow in your own ignorance...sir.
Most borrowers fall into one of two categories
1) made a great investment in themselves and are now reaping the rewards. These people have no problem paying back a little debt.
2) made poor decisions by voluntarily entering into debt that they do not have the ability, or more likely desire/work ethic to pay back. Choices have consequences, or at least they should.
1) made a great investment in themselves and are now reaping the rewards. These people have no problem paying back a little debt.
2) made poor decisions by voluntarily entering into debt that they do not have the ability, or more likely desire/work ethic to pay back. Choices have consequences, or at least they should.
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Gellar
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Like others have said teachers can get forgiveness. There was a teacher from Alaska advertising teaching positions at his school on hunttalk last year that offered loan forgiveness after a few years of service.
But many other employers also offer college tuition credits. I worked at a very large frozen foods warehouse in west central Illinois during college that would pay your tuition based on your grades after 1 year of employment no matter what your degree was in or if you stayed on employed with them after you graduated. It was used as an incentive to attract workers.
But many other employers also offer college tuition credits. I worked at a very large frozen foods warehouse in west central Illinois during college that would pay your tuition based on your grades after 1 year of employment no matter what your degree was in or if you stayed on employed with them after you graduated. It was used as an incentive to attract workers.
I blame the system that promotes the thieves and scoundrels that have made so many just plain dumb.
Again if you got $150k into debt for a sales weasel boss gig,too effing bad.
If you conned a senior into debt to stay busy your a crook.
I have not wet an honest banker in 30 years.
L
longbow51
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I paid off my loans, and paid for my daughter's college outright, although she had a big scholarship which helped. Started saving when she was 5.
It is a racket though.
I distinctly remember to this day a college loan counsellor actually angry that I wasn't borrowing the maximum. He said we know how much it costs to go to school. I said, well, I tutor and and have another part time job.
As others have mentioned what should be mandatory for HS graduation is a course in time value of money.
Probably be a conspiracy between auto dealers and credit card companies to prevent such a course from being required though.
It is a racket though.
I distinctly remember to this day a college loan counsellor actually angry that I wasn't borrowing the maximum. He said we know how much it costs to go to school. I said, well, I tutor and and have another part time job.
As others have mentioned what should be mandatory for HS graduation is a course in time value of money.
Probably be a conspiracy between auto dealers and credit card companies to prevent such a course from being required though.
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Tradewind
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Harley is trying....
D
Deleted member 52098
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are you all really going sit here and tell me that if the government passed a mortgage forgiveness platform of $10k - those of you yelling would hesitate to take it?
did you all lose your $%^& during the farmer bailout program Trump introduced? a program meant to counter the issues he created with trade relations? I don't see that thread on HT. That was clearly meant to keep support amongst his base, as if every farmer is red and every college kid is blue.
I am not defending this decision, as I think blanket forgiveness of debt is a slippery slope and this could have been handled WAY better - like a target on the interest and its methods, as I believe someone much smarter than me already suggested.
But this knife cuts both ways...
did you all lose your $%^& during the farmer bailout program Trump introduced? a program meant to counter the issues he created with trade relations? I don't see that thread on HT. That was clearly meant to keep support amongst his base, as if every farmer is red and every college kid is blue.
I am not defending this decision, as I think blanket forgiveness of debt is a slippery slope and this could have been handled WAY better - like a target on the interest and its methods, as I believe someone much smarter than me already suggested.
But this knife cuts both ways...
I don’t disagree that the whole thing is crooked. Forgiving 10k while continuing the same practices is not a solution. Students just got money dropped in their accounts in the last couple weeks for the fall semester under the same practices that we are “forgiving” debt for. And they will again for Spring semester.
You can still borrow six figures to get a degree in a $45k career field. The government is still in the practice of playing private bank with lending on the riskiest type of debt, debt where there’s no collateral. This is what needs resolved, otherwise we just revisit this topic for eternity.
Rainer
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It is intriguing seeing people here angry about letting generations of people stay in debt and refusing to see the long term effects of this small amount of loan forgiveness will do for the economy. They're angry about government spending on its people but not on say...... increasing miltiary spending. This isn't something new the Democrat's came up with to buy votes, Father Time ran on this during his campaign. Only difference is, it's much less then he said. What needs to happen now is targeting for-profit schools
jryoung
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This is why they should be treated like business loans. What is your plan, what is your forecasted income? If you hit a string of shit luck, you should be able to get some relief through Chapter 7/13.
Unfortunately this would force lenders and debtors to think about their actions.
Nick87
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The debt isn't going anywhere. Now everyone is assuming the debt including those who didn't benefit for any of it.
Nick87
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Who's gonna pay for that?
The Hedgehog
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I preferred the pompous douchebag over the slimy fool.
beginnerhunter
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I don't disagree, but millions of 18 year old children (because our culture keeps people children until at least 25 yo) were sold a bill of goods and lied to by adults they trusted, "Don't worry about the debt, you'll make more money, follow your dreams". I'm sympathetic to their being scammed and would rather see some sort of reigning in of tuition increases that have largely gone to a bloated administrative class of rent seekers.
The statistics on lifetime earnings and net worth still favor a college education (which is, ironically, the most obvious reason why $10k loan payoff is immoral). But I'm seeing more and more intelligent kids, especially boys, eschewing college for trade schools and apprenticeships in high paying fields.
D
Deleted member 52098
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Same as loan forgiveness, I was just asking if people on here would really say hell no to that. I mean c'mon
The student loan program that guarantees loans was created to provide a way for any child that wanted to go to college to financially be able to do so. What it has turned into is the University's slush fund. According to US News and World Reports, in-state tuition has increased 211% over the last 20 years. During the college selection process we visited 8 schools total. Every school we went too were going gang busters on Admin buildings. Universities are going nuts with spending and the students are casualties.
There needs to be some kind of limit set. Universities that raise their tuition rates by more than X amount cannot receive student loan money? Something has too change.
There needs to be some kind of limit set. Universities that raise their tuition rates by more than X amount cannot receive student loan money? Something has too change.
beginnerhunter
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Yeah, anyone would be stupid to refuse a no strings attached handout when offered. Doesn't mean the handout is a good thing. I didnt hand back my stimmie check even though i thought it was a bad idea at the time. "Don't hate the playa, hate the game."
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