BBB Bill limits federal aid to 20k

[Anonymous]

I just saw this that the annual limit is 20k per year and total is 65k for undergrad?


So if my kid goes to a private school that costs 75k and we get no or very little grants, how do we pay the remaining 55k? Private loans? We are a middle class family that probably won’t qualify for too much need based tuition assistance.

[Anonymous]

You don’t go.

This is what people wanted - shrink the government!

[Anonymous]

Private loans.

[Anonymous]

Yes, private loans. This bill is a bonanza for the private lending industry.

[Anonymous]

Anonymous wrote:Private loans.

And luckily we just shut down the regulator to make sure the private loan companies don’t cheat you.

You’re welcome!

[Anonymous]

Merit aid. Case Western, Grinnell

In- state flagship

[Anonymous]

Your kid declines offers from schools that don't offer enough aid to avoid taking private loans. Why would you entertain a college plan that would require saddling you and your child with more than $65k in debt? That is madness

[Anonymous]

You were supposed to be saving for 18 years.

[Anonymous]

Anonymous wrote:Yes, private loans. This bill is a bonanza for the private lending industry.

+1 everything they do under the guise of shrinking government and cost-savings for taxpayers is really about enriching corporate America and benefiting the wealthy.

[Anonymous]

Taking on $75k per year in student loans ($300k total) would be ridiculous. So first, a middle income family would choose a more affordable option like the other poster suggested. I do think families are going to get a lot more practical and a lot less romantic when making these big financial decisions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes, private loans. This bill is a bonanza for the private lending industry.

+1 everything they do under the guise of shrinking government and cost-savings for taxpayers is really about enriching corporate America and benefiting the wealthy.

No, this forces students to actually consider the cost of college and make smarter financial decisions. You don’t need a private college degree; public college is just fine! College graduates will leave school with less debt which is better for them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, private loans. This bill is a bonanza for the private lending industry.

+1 everything they do under the guise of shrinking government and cost-savings for taxpayers is really about enriching corporate America and benefiting the wealthy.

No, this forces students to actually consider the cost of college and make smarter financial decisions. You don’t need a private college degree; public college is just fine! College graduates will leave school with less debt which is better for them.

You should choose education on what’s best for you, not what you can afford. It’s inefficient.

But it’s all part of the “I’ve got mine, screw you” mentality of the typical MAGA voter… who doesn’t realize they don’t have theirs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes, private loans. This bill is a bonanza for the private lending industry.

+1 everything they do under the guise of shrinking government and cost-savings for taxpayers is really about enriching corporate America and benefiting the wealthy.

And also ensuring that fewer people can go to college. The goal is to return to a time when the only wealthy white men had access to higher ed. Everyone else gets to work for them!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, private loans. This bill is a bonanza for the private lending industry.

+1 everything they do under the guise of shrinking government and cost-savings for taxpayers is really about enriching corporate America and benefiting the wealthy.

And also ensuring that fewer people can go to college. The goal is to return to a time when the only wealthy white men had access to higher ed. Everyone else gets to work for them!

I think that gives them too much credit - I doubt they care about anyone else. They do not give a shit if you go to college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, private loans. This bill is a bonanza for the private lending industry.

+1 everything they do under the guise of shrinking government and cost-savings for taxpayers is really about enriching corporate America and benefiting the wealthy.

No, this forces students to actually consider the cost of college and make smarter financial decisions. You don’t need a private college degree; public college is just fine! College graduates will leave school with less debt which is better for them.

You should choose education on what’s best for you, not what you can afford. It’s inefficient.

But it’s all part of the “I’ve got mine, screw you” mentality of the typical MAGA voter… who doesn’t realize they don’t have theirs.

Part of choosing an education that’s best for you is choosing what you can afford. You don’t buy a house you can’t afford; you don’t go to a college you can’t afford. There are thousands of people bemoaning their student loans…I bet many of them would make different college choices now.

And, no, I’m not a MAGA “I’ve got mine, screw you” person. I chose to attend a public undergrad and graduate program even though I liked some of the private choices more. Finances were a huge factor and guess what, I’m not saddled with student loan debt and my career turned out fine.