What is going on with student loans?

[Anonymous]

Anonymous wrote:

Anonymous wrote:LOL. This didn't go quite as she was hoping......

Americans are selfish. What else is new?

The selfish are those that make a financial commitment to repay debt but expect a taxpayer handout because they've made poor decision and performed poorly in life. Those people are parasites.

[Anonymous]

Anonymous wrote:There would be more people voting against democrats for cancelling debt than new voters voting for them for cancelling the debt.

They either need to give money to everyone for any debt they choose or make in state tuition free for state colleges.

45,000,000 Americans currently have an outstanding student/parent loan

15,000,000 Americans have a student loan with less than $10K outstanding and would see immediate forgivness

Another 8,000,000 Americans have a student loan with a balance between $10-20K, so they would see their loan shrink by more than 50% with $10K forgiveness.


Those are huge numbers. This will affect pretty much every American family, as you will likely know one immediate family member benefitting from the forgiveness.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There would be more people voting against democrats for cancelling debt than new voters voting for them for cancelling the debt.

They either need to give money to everyone for any debt they choose or make in state tuition free for state colleges.

45,000,000 Americans currently have an outstanding student/parent loan

15,000,000 Americans have a student loan with less than $10K outstanding and would see immediate forgivness

Another 8,000,000 Americans have a student loan with a balance between $10-20K, so they would see their loan shrink by more than 50% with $10K forgiveness.


Those are huge numbers. This will affect pretty much every American family, as you will likely know one immediate family member benefitting from the forgiveness.

You should display percentages, not absolute numbers. Only 40% of Americans went to college. This is a massive wealth transfer from the poor to the UMC.

[Anonymous]

Nothing is going to happen or it would have already happened. How gullible are you people? The political elite on the right AND left do not care about poor and middle class people.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There would be more people voting against democrats for cancelling debt than new voters voting for them for cancelling the debt.

They either need to give money to everyone for any debt they choose or make in state tuition free for state colleges.

45,000,000 Americans currently have an outstanding student/parent loan

15,000,000 Americans have a student loan with less than $10K outstanding and would see immediate forgivness

Another 8,000,000 Americans have a student loan with a balance between $10-20K, so they would see their loan shrink by more than 50% with $10K forgiveness.


Those are huge numbers. This will affect pretty much every American family, as you will likely know one immediate family member benefitting from the forgiveness.

You should display percentages, not absolute numbers. Only 40% of Americans went to college. This is a massive wealth transfer from the poor to the UMC.

The poor are not paying for this. Stop the drama.

[Anonymous]

Anonymous wrote:Nothing is going to happen or it would have already happened. How gullible are you people? The political elite on the right AND left do not care about poor and middle class people.

Actually, a lot of loan forgiveness has already happened.

[Anonymous]

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Anonymous wrote:Why should working class people who had NOTHING TO DO with these loans bail out those who made bad decisions?

The working class are the ones getting bailed out by $10K forgiveness. The government has my tax monies and I want some of it back.

The working class who never went to college? Nope. Try again.
We have tens of millions of people barely keeping their heads above water because of Biden's recession.... they didn't go to college... and you want THEM to bail out those who did?

NO WAY!

Nurses are working class. Teachers are working class. Social workers are working class. People who started college but didn’t finish are definitely working class.

Or are only white guys in $60K pickup the “real” working class Americans?

You cant lump in college dropouts with teachers and nurses. Many college dropouts make a lot of money.

My neighbor never went to college. Shortly after high school, he went to prison. He lives in a multimillion dollar house with an infinity pool and a basketball court and sends his kids to private school. You can say that broadly speaking, people who go to college tend to earn more. But you cant make "definite" statements about the financial prospects of people who dont go to college.

DP. I have no clue what point you are trying to make in the context of a discussion about student debt.

That the idea that college is a prerequisite for success is not true. There is a strong correlation. But its still a choice you can opt out of and still do well.

What does that have to do with nurses, teachers and social workers being working class?

Nothing. The pp I was responding to brought up nurses and teachers.

However, the fact that 4 years of college brings you a working class salary (in those cases) is an excellent argument againsy the ROI of college. You'd be better off attending a coding boot camp.

How well do you think society would work with no nurses, teachers or social workers?

Why not pay off the loans of nurses, teachers, and social workers?

I think we absolutely need changes to our higher education system to make it feasible for people to get the degrees they need to do these jobs without being impoverished by the debt afterward. We could find a way to pay these professions better, or we can find a way to make education more affordable. But that doesn't do a lot for the people already working in those professions and carrying the associated debt, so I would support debt relief for them. But I'm also not opposed to student debt relief generally.

Why not pay of all of the debt for nurses, teachers and social workers instead of paying off only some for then paying off the debt for physicians, lawyers, accountants, and misc. business majors?

Actually, why not just make the courses tuition free? At state colleges at the very least. For example at UMD instead of charging $2000 for three credit class required to teach in elementary school, how about just charging $200? Have the state subsidize the cost of getting a teaching degree.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL. This didn't go quite as she was hoping......

Americans are selfish. What else is new?

The selfish are those that make a financial commitment to repay debt but expect a taxpayer handout because they've made poor decision and performed poorly in life. Those people are parasites.

It's really not. Ending up with student loans, known to be absolutely predatory, are not always due to poor decisions or performing parasites.

And you saying so makes you selfish, yes. As well as an angry, ugly twat.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Why should working class people who had NOTHING TO DO with these loans bail out those who made bad decisions?

The working class are the ones getting bailed out by $10K forgiveness. The government has my tax monies and I want some of it back.

The working class who never went to college? Nope. Try again.
We have tens of millions of people barely keeping their heads above water because of Biden's recession.... they didn't go to college... and you want THEM to bail out those who did?

NO WAY!

Nurses are working class. Teachers are working class. Social workers are working class. People who started college but didn’t finish are definitely working class.

Or are only white guys in $60K pickup the “real” working class Americans?

You cant lump in college dropouts with teachers and nurses. Many college dropouts make a lot of money.

My neighbor never went to college. Shortly after high school, he went to prison. He lives in a multimillion dollar house with an infinity pool and a basketball court and sends his kids to private school. You can say that broadly speaking, people who go to college tend to earn more. But you cant make "definite" statements about the financial prospects of people who dont go to college.

DP. I have no clue what point you are trying to make in the context of a discussion about student debt.

That the idea that college is a prerequisite for success is not true. There is a strong correlation. But its still a choice you can opt out of and still do well.

What does that have to do with nurses, teachers and social workers being working class?

Nothing. The pp I was responding to brought up nurses and teachers.

However, the fact that 4 years of college brings you a working class salary (in those cases) is an excellent argument againsy the ROI of college. You'd be better off attending a coding boot camp.

How well do you think society would work with no nurses, teachers or social workers?

Why not pay off the loans of nurses, teachers, and social workers?

I think we absolutely need changes to our higher education system to make it feasible for people to get the degrees they need to do these jobs without being impoverished by the debt afterward. We could find a way to pay these professions better, or we can find a way to make education more affordable. But that doesn't do a lot for the people already working in those professions and carrying the associated debt, so I would support debt relief for them. But I'm also not opposed to student debt relief generally.

Why not pay of all of the debt for nurses, teachers and social workers instead of paying off only some for then paying off the debt for physicians, lawyers, accountants, and misc. business majors?

Actually, why not just make the courses tuition free? At state colleges at the very least. For example at UMD instead of charging $2000 for three credit class required to teach in elementary school, how about just charging $200? Have the state subsidize the cost of getting a teaching degree.

How can you make courses tuition free? Do college professors work for free? Do others at universities work for free? Who will *actually* be paying, if courses are tuition free? Because, we know that nothing is really "free."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL. This didn't go quite as she was hoping......

Americans are selfish. What else is new?

The selfish are those that make a financial commitment to repay debt but expect a taxpayer handout because they've made poor decision and performed poorly in life. Those people are parasites.

It's really not. Ending up with student loans, known to be absolutely predatory, are not always due to poor decisions or performing parasites.

And you saying so makes you selfish, yes. As well as an angry, ugly twat.

Then, those who cannot afford it should either save up until they can or not go to college......if loans are so "predatory," people should stop taking out these loans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL. This didn't go quite as she was hoping......

Americans are selfish. What else is new?

The selfish are those that make a financial commitment to repay debt but expect a taxpayer handout because they've made poor decision and performed poorly in life. Those people are parasites.

It's really not. Ending up with student loans, known to be absolutely predatory, are not always due to poor decisions or performing parasites.

And you saying so makes you selfish, yes. As well as an angry, ugly twat.

Then, those who cannot afford it should either save up until they can or not go to college......if loans are so "predatory," people should stop taking out these loans.

You’re suggesting people act like responsible adults? These entitled, whiny, deadbeat losers can’t hear you.

[Anonymous]

This should not happen.
Cap interest rates and stop predatory lending. Period.
No loan should have tied to it 20% or higher interest.
Cap at mortgage rates and call it good.

[Anonymous]

Anonymous wrote:This should not happen.
Cap interest rates and stop predatory lending. Period.
No loan should have tied to it 20% or higher interest.
Cap at mortgage rates and call it good.

Or make the interest act like mortgage interest and only start once 4 years has passed from the origination of the loan.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL. This didn't go quite as she was hoping......

Americans are selfish. What else is new?

The selfish are those that make a financial commitment to repay debt but expect a taxpayer handout because they've made poor decision and performed poorly in life. Those people are parasites.

And what if the debt is repaid but not the interest or the interest in recalculated to not be daily compounding? Thats reasonable. You took out 40k, you end up paying 60 over time not 100k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Nothing is going to happen or it would have already happened. How gullible are you people? The political elite on the right AND left do not care about poor and middle class people.

Actually, a lot of loan forgiveness has already happened.

Forgiveness has been limited to shuttered scam school alums and bureaucrat feds and non-profit "public servants" getting their six-figures of law school and master's programs forgiven. Let us know when they give a cent to Joe Sixpack and Jane Boxwine, who have 20k to 30k in federal loans from the local directional university they dropped out of. It'll never happen.