What is going on with student loans?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:None of these analogies make sense... Jesus with bread and fish, PPP loans, socialism, etc.

Student loan forgiveness is fine for people making below the median income, which is about $44,225 for individual Americans.

This $125k cap is crazy high... almost 3x the median income. It's disgusting.

Funny how $125 is "crazy high" now. This same board thinks $250K is barely getting by when the subject is tax increases.

Logical fallacy: red herring.

A red herring is not even a logical fallacy. So what you posted is word salad.

Incorrect--it is a type of logical fallacy (but also a literary device)

https://en.wikipedia.org/wiki/Red_herring

No, despite what you read on Wikipedia, a logical fallacy is something that can be disproven through the use of logic instead of via evidence. Clearly college debt was never a concern in your life.

Besides Wikipedia and countless other sources you can find on the internet, Purdue University begs to differ. "Fallacies are common errors in reasoning that will undermine the logic of your argument. Fallacies can be either illegitimate arguments or irrelevant points, and are often identified because they lack evidence that supports their claim."

Purdue includes red herrings in its list of logical fallacies.

https://owl.purdue.edu/owl/general_writing/academic_writing/logic_in_argumentative_writing/fallacies.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:None of these analogies make sense... Jesus with bread and fish, PPP loans, socialism, etc.

Student loan forgiveness is fine for people making below the median income, which is about $44,225 for individual Americans.

This $125k cap is crazy high... almost 3x the median income. It's disgusting.

Funny how $125 is "crazy high" now. This same board thinks $250K is barely getting by when the subject is tax increases.

Logical fallacy: red herring.

A red herring is not even a logical fallacy. So what you posted is word salad.

You're wrong: https://www.logicallyfallacious.com/logicalfallacies/Red-Herring.

Glad I'm paying off your college degree where you didn't learn this...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:None of these analogies make sense... Jesus with bread and fish, PPP loans, socialism, etc.

Student loan forgiveness is fine for people making below the median income, which is about $44,225 for individual Americans.

This $125k cap is crazy high... almost 3x the median income. It's disgusting.

Funny how $125 is "crazy high" now. This same board thinks $250K is barely getting by when the subject is tax increases.

Logical fallacy: red herring.

A red herring is not even a logical fallacy. So what you posted is word salad.

You're wrong: https://www.logicallyfallacious.com/logicalfallacies/Red-Herring.

Glad I'm paying off your college degree where you didn't learn this...

https://ojs.uwindsor.ca/index.php/informal_logic/article/view/2133

red herring is sometimes called a diversion fallacy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:None of these analogies make sense... Jesus with bread and fish, PPP loans, socialism, etc.

Student loan forgiveness is fine for people making below the median income, which is about $44,225 for individual Americans.

This $125k cap is crazy high... almost 3x the median income. It's disgusting.

Funny how $125 is "crazy high" now. This same board thinks $250K is barely getting by when the subject is tax increases.

Logical fallacy: red herring.

A red herring is not even a logical fallacy. So what you posted is word salad.

Incorrect--it is a type of logical fallacy (but also a literary device)

https://en.wikipedia.org/wiki/Red_herring

No, despite what you read on Wikipedia, a logical fallacy is something that can be disproven through the use of logic instead of via evidence. Clearly college debt was never a concern in your life.

Besides Wikipedia and countless other sources you can find on the internet, Purdue University begs to differ. "Fallacies are common errors in reasoning that will undermine the logic of your argument. Fallacies can be either illegitimate arguments or irrelevant points, and are often identified because they lack evidence that supports their claim."

Purdue includes red herrings in its list of logical fallacies.

https://owl.purdue.edu/owl/general_writing/academic_writing/logic_in_argumentative_writing/fallacies.html

You will note that they said “fallacies” and not “logical fallacies” despite what was on the top of the page. Note that even in your Wikipedia article they described it as an “informal fallacy”.

A logical fallacy is a type of fallacy that can be disproven with formal logic and is this “invalid” In terms of logic my statement is valid:

DCUM claims $250k income is “barely getting by”
Half of “barely getting by” is not getting by

$125k is half of $250k
Therefore people making $125k are, in the view of DCUM, not getting by.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:None of these analogies make sense... Jesus with bread and fish, PPP loans, socialism, etc.

Student loan forgiveness is fine for people making below the median income, which is about $44,225 for individual Americans.

This $125k cap is crazy high... almost 3x the median income. It's disgusting.

Funny how $125 is "crazy high" now. This same board thinks $250K is barely getting by when the subject is tax increases.

Logical fallacy: red herring.

A red herring is not even a logical fallacy. So what you posted is word salad.

Incorrect--it is a type of logical fallacy (but also a literary device)

https://en.wikipedia.org/wiki/Red_herring

No, despite what you read on Wikipedia, a logical fallacy is something that can be disproven through the use of logic instead of via evidence. Clearly college debt was never a concern in your life.

Besides Wikipedia and countless other sources you can find on the internet, Purdue University begs to differ. "Fallacies are common errors in reasoning that will undermine the logic of your argument. Fallacies can be either illegitimate arguments or irrelevant points, and are often identified because they lack evidence that supports their claim."

Purdue includes red herrings in its list of logical fallacies.

https://owl.purdue.edu/owl/general_writing/academic_writing/logic_in_argumentative_writing/fallacies.html

You will note that they said “fallacies” and not “logical fallacies” despite what was on the top of the page. Note that even in your Wikipedia article they described it as an “informal fallacy”.

A logical fallacy is a type of fallacy that can be disproven with formal logic and is this “invalid” In terms of logic my statement is valid:

DCUM claims $250k income is “barely getting by”
Half of “barely getting by” is not getting by

$125k is half of $250k
Therefore people making $125k are, in the view of DCUM, not getting by.

umm... how does an over generalization by an anonymous user on what s/he thinks most other anonymous users of DCUM believe have to do with Biden's policies on student loan forgiveness?

[Anonymous]

No one is paying more taxes or paying for someone else’s college. The Money has already been spent. Partial forgiveness just reduces how much of it will be paid back. It’s something we do all the time for other loan programs. It isn’t taking money out of the hairdresser’s pocket or breaking the plumber’s leg. It’s probably helping someone in their family, children or spouse or siblings and plenty of other moderate income people like them.

[Anonymous]

[Anonymous]

Anonymous wrote:

Sounds like she's talking about the PG Pool that got land for $10 from the county to build a segregated pool. There's a whole thread about that on dcum. https://www.dcurbanmom.com/jforum/posts/list/1075227.page

[Anonymous]

The hidden subsidy behind those old ‘bootstrap’ students
https://www.al.com/news/2022/08/student-debt-wouldnt-be-necessary-if-we-funded-higher-ed-like-we-used-to.html

Rather, when these lawmakers were in school, state appropriations paid most of the freight for anyone attending a public university.

For folks like Moore, who attended Enterprise State Community College and then Auburn University.

And for Palmer, who graduated from the University of Alabama.

Or for Rogers, who went to Jacksonville State in east Alabama.

Back then, you didn’t have to hope for a bailout on the backend. These guys got their subsidized schooling upfront, and they probably never even knew it.

In 1980, student tuition at Alabama public colleges and universities accounted for 27% of all revenue.

That other 73%? Where did most of the money come from to run a state college?

It came from state and federal funding, in addition to foundations and other nonprofit institutions, according to data from the State Higher Education Executive Officers Association.

But mostly it came from the state.

Today, tuition in an Alabama public college or university pays 67% of the costs of higher education. In Alabama’s four-year colleges, it’s 74%.

To review, in 1980, students’ tuition was 27% of higher ed revenue. Today in Alabama, it’s 74.

[Anonymous]

Anonymous wrote:No one is paying more taxes or paying for someone else’s college. The Money has already been spent. Partial forgiveness just reduces how much of it will be paid back. It’s something we do all the time for other loan programs. It isn’t taking money out of the hairdresser’s pocket or breaking the plumber’s leg. It’s probably helping someone in their family, children or spouse or siblings and plenty of other moderate income people like them.

We are paying for debt service on that loan.

[Anonymous]

My plumber is an immigrant who learned plumbing through the Job Corps program and whose kids went to community college and college. I don't think he’s bothered by this. The complaints are all exaggerated and performative political rhetoric.

[Anonymous]

Anonymous wrote:My plumber is an immigrant who learned plumbing through the Job Corps program and whose kids went to community college and college. I don't think he’s bothered by this. The complaints are all exaggerated and performative political rhetoric.

Keep telling yourself that. Just like all that performative political rhetoric in 2016. We're going to lose in 2024 over this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:No one is paying more taxes or paying for someone else’s college. The Money has already been spent. Partial forgiveness just reduces how much of it will be paid back. It’s something we do all the time for other loan programs. It isn’t taking money out of the hairdresser’s pocket or breaking the plumber’s leg. It’s probably helping someone in their family, children or spouse or siblings and plenty of other moderate income people like them.

We are paying for debt service on that loan.

Who’s we? Your share is an insignificant amount.

[Anonymous]

Anonymous wrote:

Her statement is correct assuming there isn't a racial divide in college. Black taxpayers are paying for white students.

https://hechingerreport.org/facts-about-race-and-college-admission/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No one is paying more taxes or paying for someone else’s college. The Money has already been spent. Partial forgiveness just reduces how much of it will be paid back. It’s something we do all the time for other loan programs. It isn’t taking money out of the hairdresser’s pocket or breaking the plumber’s leg. It’s probably helping someone in their family, children or spouse or siblings and plenty of other moderate income people like them.

We are paying for debt service on that loan.

Who’s we? Your share is an insignificant amount.

You don't understand the federal deficit or budgeting.