Student loan collections start tomorrow

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why should he be forgiving loans?

It’s completely cruel and unfair to do this to people! Can’t you see that ?!?

? It's cruel and unfair to expect people to payback loans? WTF?

If someone borrowed $10K from you, you would be cruel and unfair to expect them to pay it back. Right?

Student loans are basically money printed from nothing, loaned to students, and paid back to backs. Magic money machine laundering by the bank with the students as fall guys.

I'm not sure where you went to college, but my college was a real place with real buildings, real professors, dorms, food, etc. and that all takes money. Real money. Just because you claim the money was "printed from nothing" does not make it true. Real money was paid to your college on your behalf, and now you pay it back. That is how loans work, you deadbeat. The taxpayers are not funding your (admittedly poor) education.

[Anonymous]

This is fine, Biden tried to help these Millennials and GenZ but they were too worried about TikTok videos to appreciate their giveaway. FAFO I guess.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why should he be forgiving loans?

Why should people have to take out massive loans just to get an education in the first place?

I disagree with Trump on more or less everything, but shouldn’t that all depend on what students decide to study? I’ll gladly subsidize more doctors or teachers in rural communities no one wants to work in, but not let’s say, a $60k per year degree in underwater basketweaving from a private college.

What you’re really saying is that you’re willing to subsidize a vocational education (engineering, doctors, nurses, teachers) not traditional college/university education (philosophy, English literature, etc) which is meant to expand the mind. It seems more and more people treat college/universities as vocational schools for white collar jobs. It is a wonder that students are allowed electives.

dp. if you put it that way.. yes. At least people can find good paying jobs in vocational trade, and pay back their loans.

Your "college is not a vocational school" rant is tiresome, grandma/grandpa.

Listen, Flower, parents and students already expect colleges to land you a job, so they’ve become vocational schools, so they should be treated and recognized as such. As the other poster said, traditional college study should be the priority and subsidized differently or not at all.

Then, no one should subsidize your navel gazing major. Do it on your own dime, sweetie.

Karen, that’s exactly what I’m saying. Obviously, you’re not a STEM major. Obviously, money spent on your education was a waste in your case. Traditional studies are valuable but not as valuable as being a doctor, nurse, engineer, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why should he be forgiving loans?

Why should people have to take out massive loans just to get an education in the first place?

I disagree with Trump on more or less everything, but shouldn’t that all depend on what students decide to study? I’ll gladly subsidize more doctors or teachers in rural communities no one wants to work in, but not let’s say, a $60k per year degree in underwater basketweaving from a private college.

What you’re really saying is that you’re willing to subsidize a vocational education (engineering, doctors, nurses, teachers) not traditional college/university education (philosophy, English literature, etc) which is meant to expand the mind. It seems more and more people treat college/universities as vocational schools for white collar jobs. It is a wonder that students are allowed electives.

Liberals don't seem to get that it isn't OK, if a person who graduated from their college with government assistance can't go on and get a good job and pay taxes. Paying taxes is important if you are going to have government assisted programs.

Let me break it down for you. Poor people don't pay taxes. Middle and upper middle-class people pay taxes. Rich, they pay alot of taxes(by bulk not by rate), but there aren't very many of them.

No, it's not OK to go college take on loans take government subsidies and not get a middle to upper middle-class job.

It's not a judgement on the study. Sure, rich kid with a trust fund, go do whatever you want.

This is why eviscerating the middle class with h-1b's is a problem. The only people that have enough money but not enough representation to avoid paying taxes are the middle and upper middle class. Another way to put it, either the corporations have to pay us more so we can get into a higher tax bracket, or the corporations need to pay more taxes.

I’m the PP you’re responding to and I agree.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why should he be forgiving loans?

Why should people have to take out massive loans just to get an education in the first place?

I disagree with Trump on more or less everything, but shouldn’t that all depend on what students decide to study? I’ll gladly subsidize more doctors or teachers in rural communities no one wants to work in, but not let’s say, a $60k per year degree in underwater basketweaving from a private college.

What you’re really saying is that you’re willing to subsidize a vocational education (engineering, doctors, nurses, teachers) not traditional college/university education (philosophy, English literature, etc) which is meant to expand the mind. It seems more and more people treat college/universities as vocational schools for white collar jobs. It is a wonder that students are allowed electives.

dp. if you put it that way.. yes. At least people can find good paying jobs in vocational trade, and pay back their loans.

Your "college is not a vocational school" rant is tiresome, grandma/grandpa.

Listen, Flower, parents and students already expect colleges to land you a job, so they’ve become vocational schools, so they should be treated and recognized as such. As the other poster said, traditional college study should be the priority and subsidized differently or not at all.

Then, no one should subsidize your navel gazing major. Do it on your own dime, sweetie.

Karen, that’s exactly what I’m saying. Obviously, you’re not a STEM major. Obviously, money spent on your education was a waste in your case. Traditional studies are valuable but not as valuable as being a doctor, nurse, engineer, etc.

shrug.. I make a pretty good living for a vocational degree I got from a C rated univ because I majored in something marketable. No loans, started making six figures early on in my career, enough to retire early at 56. Not bad for a "Karen" LOL

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Prepare a loan repayment with each college. They have to pay back the unpaid loans in installments, or the government will stop giving student loans to attend the college.

This is kind of what he's announcing today. Colleges with the most graduates in default must push those students to repay or risk getting cut off from federal funding.

https://www.newsweek.com/student-loan-update-trump-withhold-new-borrowers-report-2068237

The irony here, of course, is that Trump U grads couldn't find success in the job market.

What's wrong with Trump trying to get his Universities Deans to do better by their alums and students so that taxpayers don't have to bail them out?

Nothing, but there's just something so ironic or maybe hypocritical to all this. Trump got bailed out by taxpayers when he declared bankruptcy (multiple times). He stiffed the NJ taxpayers by paying pennies on the dollar.

https://www.nytimes.com/2016/08/17/us/politics/trump-chris-christie-casinos.html

https://www.businessinsider.com/trump-taj-mahal-millions-less-debt-chris-christie-new-jersey-2016-8

Trump owed $30million in taxes, but Christie forgave most of it. Trump ended up paying just $5mil.

There's a story in the Bible about this -- of a man whose large loan is forgiven, but demands that someone who owed him a small amount pay up. That's Trump.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Prepare a loan repayment with each college. They have to pay back the unpaid loans in installments, or the government will stop giving student loans to attend the college.

This is kind of what he's announcing today. Colleges with the most graduates in default must push those students to repay or risk getting cut off from federal funding.

https://www.newsweek.com/student-loan-update-trump-withhold-new-borrowers-report-2068237

The irony here, of course, is that Trump U grads couldn't find success in the job market.

What's wrong with Trump trying to get his Universities Deans to do better by their alums and students so that taxpayers don't have to bail them out?

Nothing, but there's just something so ironic or maybe hypocritical to all this. Trump got bailed out by taxpayers when he declared bankruptcy (multiple times). He stiffed the NJ taxpayers by paying pennies on the dollar.

https://www.nytimes.com/2016/08/17/us/politics/trump-chris-christie-casinos.html

https://www.businessinsider.com/trump-taj-mahal-millions-less-debt-chris-christie-new-jersey-2016-8

Trump owed $30million in taxes, but Christie forgave most of it. Trump ended up paying just $5mil.

There's a story in the Bible about this -- of a man whose large loan is forgiven, but demands that someone who owed him a small amount pay up. That's Trump.

Defaulted student loans is in the trillions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why should he be forgiving loans?

It’s completely cruel and unfair to do this to people! Can’t you see that ?!?

? It's cruel and unfair to expect people to payback loans? WTF?

If someone borrowed $10K from you, you would be cruel and unfair to expect them to pay it back. Right?

Student loans are basically money printed from nothing, loaned to students, and paid back to backs. Magic money machine laundering by the bank with the students as fall guys.

I'm not sure where you went to college, but my college was a real place with real buildings, real professors, dorms, food, etc. and that all takes money. Real money. Just because you claim the money was "printed from nothing" does not make it true. Real money was paid to your college on your behalf, and now you pay it back. That is how loans work, you deadbeat. The taxpayers are not funding your (admittedly poor) education.

Yes of course it's ultimately real money being paid to the university, you completely missed the point. But where did it come from? It was funds created and injected into the economy.

As for the deadbeats, that's Trump. That's big corporations and billionaires with tax dodges. That's the PPP frauds. They are the far worse deadbeats.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why should he be forgiving loans?

Why should people have to take out massive loans just to get an education in the first place?

I disagree with Trump on more or less everything, but shouldn’t that all depend on what students decide to study? I’ll gladly subsidize more doctors or teachers in rural communities no one wants to work in, but not let’s say, a $60k per year degree in underwater basketweaving from a private college.

What you’re really saying is that you’re willing to subsidize a vocational education (engineering, doctors, nurses, teachers) not traditional college/university education (philosophy, English literature, etc) which is meant to expand the mind. It seems more and more people treat college/universities as vocational schools for white collar jobs. It is a wonder that students are allowed electives.

dp. if you put it that way.. yes. At least people can find good paying jobs in vocational trade, and pay back their loans.

Your "college is not a vocational school" rant is tiresome, grandma/grandpa.

Listen, Flower, parents and students already expect colleges to land you a job, so they’ve become vocational schools, so they should be treated and recognized as such. As the other poster said, traditional college study should be the priority and subsidized differently or not at all.

Then, no one should subsidize your navel gazing major. Do it on your own dime, sweetie.

Ahhh here's another MAGA twit who's fully subscribed to the FALSE notion that some massive percentage of kids are getting degrees in "underwater basket weaving."

[Anonymous]

You’re all missing the bigger picture here. This is not a debate on whether or not these loans should be forgiven it’s the timing of now.

On top of tariffs
On top of federal layoffs
On top of drastic cuts in federal spending in ways that help to growth the economy (research etc)

Tipping 9 million Americans into default now is yet another drag on the economy.

Go debate Sen Warren on the merits of loan forgiveness (I didn’t vote for her and I thought it was a dumb idea then but it’s now a done dumb idea). Faulting Biden on his last ditch efforts to win the youth vote is not really productive.

My fear is that this small - but statistically significant - impact is what may tip the scales.

Imagine if all of a sudden - after years of deferrals - you are in default. Yep - consumer spending is going to feel the pain. That’s not good for any of us.

Like it or not we live in a connected society.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why should he be forgiving loans?

It’s completely cruel and unfair to do this to people! Can’t you see that ?!?

? It's cruel and unfair to expect people to payback loans? WTF?

If someone borrowed $10K from you, you would be cruel and unfair to expect them to pay it back. Right?

Student loans are basically money printed from nothing, loaned to students, and paid back to backs. Magic money machine laundering by the bank with the students as fall guys.

I'm not sure where you went to college, but my college was a real place with real buildings, real professors, dorms, food, etc. and that all takes money. Real money. Just because you claim the money was "printed from nothing" does not make it true. Real money was paid to your college on your behalf, and now you pay it back. That is how loans work, you deadbeat. The taxpayers are not funding your (admittedly poor) education.

Yes of course it's ultimately real money being paid to the university, you completely missed the point. But where did it come from? It was funds created and injected into the economy.

As for the deadbeats, that's Trump. That's big corporations and billionaires with tax dodges. That's the PPP frauds. They are the far worse deadbeats.

Don’t forget the biggest deadbeat grifter of them all: Elmo.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Prepare a loan repayment with each college. They have to pay back the unpaid loans in installments, or the government will stop giving student loans to attend the college.

This is kind of what he's announcing today. Colleges with the most graduates in default must push those students to repay or risk getting cut off from federal funding.

https://www.newsweek.com/student-loan-update-trump-withhold-new-borrowers-report-2068237

The irony here, of course, is that Trump U grads couldn't find success in the job market.

What's wrong with Trump trying to get his Universities Deans to do better by their alums and students so that taxpayers don't have to bail them out?

Nothing, but there's just something so ironic or maybe hypocritical to all this. Trump got bailed out by taxpayers when he declared bankruptcy (multiple times). He stiffed the NJ taxpayers by paying pennies on the dollar.

https://www.nytimes.com/2016/08/17/us/politics/trump-chris-christie-casinos.html

https://www.businessinsider.com/trump-taj-mahal-millions-less-debt-chris-christie-new-jersey-2016-8

Trump owed $30million in taxes, but Christie forgave most of it. Trump ended up paying just $5mil.

There's a story in the Bible about this -- of a man whose large loan is forgiven, but demands that someone who owed him a small amount pay up. That's Trump.

And if I'm not mistaken, you can't escape student loans via bankruptcy.

Why are student loans singles out like this?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Prepare a loan repayment with each college. They have to pay back the unpaid loans in installments, or the government will stop giving student loans to attend the college.

This is kind of what he's announcing today. Colleges with the most graduates in default must push those students to repay or risk getting cut off from federal funding.

https://www.newsweek.com/student-loan-update-trump-withhold-new-borrowers-report-2068237

The irony here, of course, is that Trump U grads couldn't find success in the job market.

What's wrong with Trump trying to get his Universities Deans to do better by their alums and students so that taxpayers don't have to bail them out?

Nothing, but there's just something so ironic or maybe hypocritical to all this. Trump got bailed out by taxpayers when he declared bankruptcy (multiple times). He stiffed the NJ taxpayers by paying pennies on the dollar.

https://www.nytimes.com/2016/08/17/us/politics/trump-chris-christie-casinos.html

https://www.businessinsider.com/trump-taj-mahal-millions-less-debt-chris-christie-new-jersey-2016-8

Trump owed $30million in taxes, but Christie forgave most of it. Trump ended up paying just $5mil.

There's a story in the Bible about this -- of a man whose large loan is forgiven, but demands that someone who owed him a small amount pay up. That's Trump.

And if I'm not mistaken, you can't escape student loans via bankruptcy.

Why are student loans singles out like this?

Because everyone would declare bankruptcy after graduating to clear their debts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why should he be forgiving loans?

Why should people have to take out massive loans just to get an education in the first place?

You don’t have to take out massive loans, state schools are cheaper. And you don’t have to receive higher education.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Prepare a loan repayment with each college. They have to pay back the unpaid loans in installments, or the government will stop giving student loans to attend the college.

This is kind of what he's announcing today. Colleges with the most graduates in default must push those students to repay or risk getting cut off from federal funding.

https://www.newsweek.com/student-loan-update-trump-withhold-new-borrowers-report-2068237

The irony here, of course, is that Trump U grads couldn't find success in the job market.

What's wrong with Trump trying to get his Universities Deans to do better by their alums and students so that taxpayers don't have to bail them out?

Nothing, but there's just something so ironic or maybe hypocritical to all this. Trump got bailed out by taxpayers when he declared bankruptcy (multiple times). He stiffed the NJ taxpayers by paying pennies on the dollar.

https://www.nytimes.com/2016/08/17/us/politics/trump-chris-christie-casinos.html

https://www.businessinsider.com/trump-taj-mahal-millions-less-debt-chris-christie-new-jersey-2016-8

Trump owed $30million in taxes, but Christie forgave most of it. Trump ended up paying just $5mil.

There's a story in the Bible about this -- of a man whose large loan is forgiven, but demands that someone who owed him a small amount pay up. That's Trump.

And if I'm not mistaken, you can't escape student loans via bankruptcy.

Why are student loans singles out like this?

Because you can’t give the degree back?