any cons in suspended student loans debt?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Here is a thought: don’t buy what you can’t afford. Not Mommy and Daddy, not the government, YOU. There is a huge demand for tradespeople of all kinds who can earn a solid salary doing a useful trade. Without the college debt. And there is no shame in that. College is not for everyone and that is okay. This country was built on craftsman and tradespeople of all types. And now it is a dying vocation across the board. Time for a mindset change.

You are implying that only people who can afford it outright and people who get scholarships are the only ones who should go to college.

Yes, this country was built on labor/blue collar and then the jobs got shipped overseas.https://www.businessinsider.com/what-happened-to-american-jobs-in-the-80s-2017-7

It was no longer lucrative to have those jobs so people stopped suggesting that their kids entered trade jobs. Are you really this obtuse? Not to mention that 20 years ago when I was in HS and selected auto shop as my elective they told me no because I would be too distracting to the boys in the class and I was doing it only to get boys attention. My real reason for doing it was because I wanted to be able to fix my own car so I wouldnt have to pay anyone to do it. Women also traditionally werent accepted in blue collar occupations and only recently has that changed. Women were siloed into domestic occupations but not any that were lucrative. In the 80s women started moving into managerial and executive white-collar positions and that has been the way forward for many women.

I didn't read pp's comment as if only those who can afford it "outright" can go.
She said......"don't buy what you can't afford."
IOW - if you are going to take out a loan, be prepared to pay it back and make sure you get a degree in something that will ensure an income to enable you to pay it back.
Don't expect the government to bail you out.

I would be fine with just paying the money that I actually took out. Interest begins to accumulate before you can even start your job. When you take out $50k total over 4 years and it's 75k 4 years AFTER you graduate and have made payments it is not a viable system.

Sorry, but that's how loans work. When you start paying, initially your payment is primarily interest. You have to pay either more than the minimum to pay towards principal early. This is part of why they tell people that if you buy a house with a mortgage, you should be prepared to stay at least 5-7 years minimum. If you try to bundle the closing costs into the loan, then you often spend the first 13-30 months paying any non-interest payment to pay down the closing costs that you bundled. After that, it will take 3-5 years more to pay down enough interest that you are actually starting to get around the interest and start contributing to the actual principal of the loan. If you want to change the numbers you have to pay extra towards the principal earlier, and it will decrease the amount that goes towards interest every month.

People who don't understand how loans work, should not get the free ticket to good salaries and jobs and then be bailed out of bad decisions and the consequences of those bad decisions.

Sorry, you don't like the terms of the legal financial agreement that you agreed to. You should have thought about that before you took out the loans When you graduated, you should have also started looking at the amortization schedule of your loan and figured out that you needed to pay more than the minimum amount due to avoid increasing interest rates. And you should have thought about that before you bought that new car or put down a downpayment on a home. You chose not to do your homework on what it would take to pay down the loan, as opposed to making the minimum payment due and so you get to keep paying.

Note that the same thing will happen if you pay only the minimum due on your credit card balance. Are you saying that we should be forgiving credit card debt too because the balance due will continue to increase if you only make the minimum payment?

A mortgage is not the same type of loan, so that’s not an apples to apples comparison. Yes, if you go with an adjustable rate mortgage your interest amount might change on your payment. But the mortgage itself doesn’t keep growing and growing, compounding and compounding. When people take out student loans they assume it’s like a mortgage payment and it’s not. Yes, that is somewhat on them for not understanding, but the student loan industry also has gone out of its way to make sure these students don’t understand the compound interest dynamic.

Credit cards are very similar though and yes, I agree that we shouldn’t just bail out credit cards either. BUT, with credit cards if you get into bad financial trouble, you can declare bankruptcy. There are life penalties to that for 7 years so it’s not a decision to make lightly. But there are options with credit card debt if you’re in trouble. With student loans, there’s no bankruptcy discharge. So they don’t even have that choice. And the total balance just keeps compounding higher and higher. So yes, it is an untenable system. If it were restructured like a mortgage, that would be more tenable.

and mortgages do provide some other economic "relief" / benefit. My parents get an extra $5-8k in their tax refund every year for the last 6 years for being able to claim their interest payments. Now they smartly apply that refund to their mortgage principal and are on track to payoff their mortgage 5-7 years early.

We don't get the same tax benefits for student loan interest. you can claim student loan interest on federal taxes but there's an income cap. Once you make over $75k you can't claim that interest. Mortgage interest on taxes doesn't have this income cap requirement. I was able to claim student loan interest my first three years out of school. That got me between $900 to $1300 refund those years. I followed my parents model and applied each of these payments to my principal. guess what? the balance still has not gone down. that was 5 years ago.

I also work for an organization that gave me a one-time $10k student loan payment (after taxes $6,992 was the actual amount sent to Navient). That was in 2018. My balance went down for like 6 months. now it is back up like I never even got that lump sum payment. I've paid on-time every month and have been in repayment for 7 years and 3 months without any forbearance and the balance NEVER goes down. I do have $26k in my savings. That would knock out 26% of my balance, but after seeing how my other extra payments got swallowed, I refuse to take that risk. Why don't these balances ever go down? So instead of putting every extra dollar I have into my student loan repayment, I've been maxing out my 401k and adding to a Roth IRA.

[Anonymous]

We need to stop issuing Parent Plus Loans and then regulate Discover & College Avenue out of the loan business. Parent Plus Loans & Private Loans are the devil. I don’t care what anyone says, you & your kid are better off if the kid postpones college, rushes through college & graduates, goes to community college, etc than taking out those types of loans. I’ve seen way too many horror stories in my profession because of these loans.

For starters, you’ll hear the “kids who live on-campus are more likely to graduate in 4 years” stat a lot by universities (question your sources…) without the slightest mention that kids who can *afford* to live on-campus are from familial relative wealth that statistically correlates with academic & professional success. Same stat is cited re: community college. Newsflash, it wouldn’t matter if a motivated kid from a UMC lived on the moon attending circus school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't think anyone - ANYONE should be able to borrow more than the cost of their state flagship school in debt. If you choose private, you need to be able to afford it.

Stop spreading disinformation. LIFETIME MAX federal loan limit for traditional undergraduate students is $31,000. Stop using fake hypothetical students with $100K in loans for a bachelor's degree in art from a ritzy private college to push your narrative. $31K total in federal loans is all an undergraduate kid can take out. Public or private. $31,000 total, period. Source:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

Progressives want Biden to forgive all student loans, including graduate student loans, which have no maximum borrowing limit. Many of the people with the highest amounts of student loan debt are doctors and lawyers who will benefit tremendously from student loan forgiveness despite earning much more than the average American.

That's just the corporate-controlled uniparty democrats and republicans poisoning the well to make it sound like a giveaway to the decadent class. I don't think anyone believes rich MD surgeons, MBA bankers and JD corporate attorneys are or should get their loans zeroed out. The dialogue ought to be centered on federal undergraduate loans, which the lifetime max is $31,000.

Shills continue to bring up disinformation about "$100k private college loans" and "rich doctors" to divert the conversation away from the poor and middle class kids who have <$31,000 in federal loans from their undergraduate studies at 2 or 4 year colleges.

Would you characterize Elizabeth Warren, Bernie Sanders, and The Squad, as "corporate-controlled uniparty Democrats?" They support forgiving ALL student loans. Also, if Biden unilaterally forgives student loans in 2022, do you think he should do additional rounds of forgiveness in 2023 and so on or is forgiveness a one time thing? What happens if Democrats lose the presidential election, and a Republican takes over?

Lol, yes, absolutely. Was that a serious question? It's all theater.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't think anyone - ANYONE should be able to borrow more than the cost of their state flagship school in debt. If you choose private, you need to be able to afford it.

Stop spreading disinformation. LIFETIME MAX federal loan limit for traditional undergraduate students is $31,000. Stop using fake hypothetical students with $100K in loans for a bachelor's degree in art from a ritzy private college to push your narrative. $31K total in federal loans is all an undergraduate kid can take out. Public or private. $31,000 total, period. Source:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

Progressives want Biden to forgive all student loans, including graduate student loans, which have no maximum borrowing limit. Many of the people with the highest amounts of student loan debt are doctors and lawyers who will benefit tremendously from student loan forgiveness despite earning much more than the average American.

That's just the corporate-controlled uniparty democrats and republicans poisoning the well to make it sound like a giveaway to the decadent class. I don't think anyone believes rich MD surgeons, MBA bankers and JD corporate attorneys are or should get their loans zeroed out. The dialogue ought to be centered on federal undergraduate loans, which the lifetime max is $31,000.

Shills continue to bring up disinformation about "$100k private college loans" and "rich doctors" to divert the conversation away from the poor and middle class kids who have <$31,000 in federal loans from their undergraduate studies at 2 or 4 year colleges.

Would you characterize Elizabeth Warren, Bernie Sanders, and The Squad, as "corporate-controlled uniparty Democrats?" They support forgiving ALL student loans. Also, if Biden unilaterally forgives student loans in 2022, do you think he should do additional rounds of forgiveness in 2023 and so on or is forgiveness a one time thing? What happens if Democrats lose the presidential election, and a Republican takes over?

Lol, yes, absolutely. Was that a serious question? It's all theater.

Elizabeth Warren should be the last one calling for debt forgiveness. She took a salary of over $400,000 from Harvard for teaching a single course each semester.
This is an obscene salary and this kind of crap is exactly why college costs are so damned high. Sure, Harvard is private..... but similar excessive spending happens at state schools as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't think anyone - ANYONE should be able to borrow more than the cost of their state flagship school in debt. If you choose private, you need to be able to afford it.

Stop spreading disinformation. LIFETIME MAX federal loan limit for traditional undergraduate students is $31,000. Stop using fake hypothetical students with $100K in loans for a bachelor's degree in art from a ritzy private college to push your narrative. $31K total in federal loans is all an undergraduate kid can take out. Public or private. $31,000 total, period. Source:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

Progressives want Biden to forgive all student loans, including graduate student loans, which have no maximum borrowing limit. Many of the people with the highest amounts of student loan debt are doctors and lawyers who will benefit tremendously from student loan forgiveness despite earning much more than the average American.

That's just the corporate-controlled uniparty democrats and republicans poisoning the well to make it sound like a giveaway to the decadent class. I don't think anyone believes rich MD surgeons, MBA bankers and JD corporate attorneys are or should get their loans zeroed out. The dialogue ought to be centered on federal undergraduate loans, which the lifetime max is $31,000.

Shills continue to bring up disinformation about "$100k private college loans" and "rich doctors" to divert the conversation away from the poor and middle class kids who have <$31,000 in federal loans from their undergraduate studies at 2 or 4 year colleges.

Would you characterize Elizabeth Warren, Bernie Sanders, and The Squad, as "corporate-controlled uniparty Democrats?" They support forgiving ALL student loans. Also, if Biden unilaterally forgives student loans in 2022, do you think he should do additional rounds of forgiveness in 2023 and so on or is forgiveness a one time thing? What happens if Democrats lose the presidential election, and a Republican takes over?

Lol, yes, absolutely. Was that a serious question? It's all theater.

Elizabeth Warren should be the last one calling for debt forgiveness. She took a salary of over $400,000 from Harvard for teaching a single course each semester.
This is an obscene salary and this kind of crap is exactly why college costs are so damned high. Sure, Harvard is private..... but similar excessive spending happens at state schools as well.

Admin salaries are the problem, not prof salaries.

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.wsj.com/articles/the-great-pandemic-student-loan-scam-patty-murray-11647635249?mod=mhp

Looks like Democrats are going to take a chance on buying Millennial and GenZ votes! Must be taking a page from the Republican playgroup except benefiting regular people rather than billionaires and their LLCs. Sorry so many of you in this thread are mad but you were going to vote GOP in the midterms anyways. Better start watching Fox News and doing your Q research so you're ready!

Do the millions of Americans who did not go to college count as "regular people?" These individuals comprise the majority of Americans. I'm sure that they'll enjoy seeing college educated, high earning Americans reap nearly $2 trillion dollars in benefits due to student loan forgiveness. What about future generations? What about them? What do they get?

Or the other normal people who went to state schools and had two jobs to pay off tuition? I worked my a$$ during college to graduate with no debt. It only took reading one page of the internet or half a book to understand what signing up for 100’s of thousands of dollars of debt would do to my future.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.wsj.com/articles/the-great-pandemic-student-loan-scam-patty-murray-11647635249?mod=mhp

Looks like Democrats are going to take a chance on buying Millennial and GenZ votes! Must be taking a page from the Republican playgroup except benefiting regular people rather than billionaires and their LLCs. Sorry so many of you in this thread are mad but you were going to vote GOP in the midterms anyways. Better start watching Fox News and doing your Q research so you're ready!

Do the millions of Americans who did not go to college count as "regular people?" These individuals comprise the majority of Americans. I'm sure that they'll enjoy seeing college educated, high earning Americans reap nearly $2 trillion dollars in benefits due to student loan forgiveness. What about future generations? What about them? What do they get?

Or the other normal people who went to state schools and had two jobs to pay off tuition? I worked my a$$ during college to graduate with no debt. It only took reading one page of the internet or half a book to understand what signing up for 100’s of thousands of dollars of debt would do to my future.

This. Also, the distribution of “prestige” among schools leads to a system that isn’t meritocratic. I went to a directional state school that you’ve never heard of because my EFC was insane but I had no college fund, so I couldn’t afford any of the better schools I got into. I got scholarships, but nothing short of full-tuition scholarships would’ve kept me from drowning in $50k+ in debt anywhere but the directional. Obviously, it was harder professionally than if I could have gone to my state flagship. I’ve long paid off my loans. So many kids going out of state, going to little exorbitantly expensive private colleges, etc that I can’t support forgiveness.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't think anyone - ANYONE should be able to borrow more than the cost of their state flagship school in debt. If you choose private, you need to be able to afford it.

Stop spreading disinformation. LIFETIME MAX federal loan limit for traditional undergraduate students is $31,000. Stop using fake hypothetical students with $100K in loans for a bachelor's degree in art from a ritzy private college to push your narrative. $31K total in federal loans is all an undergraduate kid can take out. Public or private. $31,000 total, period. Source:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

Progressives want Biden to forgive all student loans, including graduate student loans, which have no maximum borrowing limit. Many of the people with the highest amounts of student loan debt are doctors and lawyers who will benefit tremendously from student loan forgiveness despite earning much more than the average American.

That's just the corporate-controlled uniparty democrats and republicans poisoning the well to make it sound like a giveaway to the decadent class. I don't think anyone believes rich MD surgeons, MBA bankers and JD corporate attorneys are or should get their loans zeroed out. The dialogue ought to be centered on federal undergraduate loans, which the lifetime max is $31,000.

Shills continue to bring up disinformation about "$100k private college loans" and "rich doctors" to divert the conversation away from the poor and middle class kids who have <$31,000 in federal loans from their undergraduate studies at 2 or 4 year colleges.

Would you characterize Elizabeth Warren, Bernie Sanders, and The Squad, as "corporate-controlled uniparty Democrats?" They support forgiving ALL student loans. Also, if Biden unilaterally forgives student loans in 2022, do you think he should do additional rounds of forgiveness in 2023 and so on or is forgiveness a one time thing? What happens if Democrats lose the presidential election, and a Republican takes over?

Lol, yes, absolutely. Was that a serious question? It's all theater.

Elizabeth Warren should be the last one calling for debt forgiveness. She took a salary of over $400,000 from Harvard for teaching a single course each semester.
This is an obscene salary and this kind of crap is exactly why college costs are so damned high. Sure, Harvard is private..... but similar excessive spending happens at state schools as well.

Admin salaries are the problem, not prof salaries.

It's both. There are a bunch of no show, sinecure professorships as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't think anyone - ANYONE should be able to borrow more than the cost of their state flagship school in debt. If you choose private, you need to be able to afford it.

Stop spreading disinformation. LIFETIME MAX federal loan limit for traditional undergraduate students is $31,000. Stop using fake hypothetical students with $100K in loans for a bachelor's degree in art from a ritzy private college to push your narrative. $31K total in federal loans is all an undergraduate kid can take out. Public or private. $31,000 total, period. Source:

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

Progressives want Biden to forgive all student loans, including graduate student loans, which have no maximum borrowing limit. Many of the people with the highest amounts of student loan debt are doctors and lawyers who will benefit tremendously from student loan forgiveness despite earning much more than the average American.

That's just the corporate-controlled uniparty democrats and republicans poisoning the well to make it sound like a giveaway to the decadent class. I don't think anyone believes rich MD surgeons, MBA bankers and JD corporate attorneys are or should get their loans zeroed out. The dialogue ought to be centered on federal undergraduate loans, which the lifetime max is $31,000.

Shills continue to bring up disinformation about "$100k private college loans" and "rich doctors" to divert the conversation away from the poor and middle class kids who have <$31,000 in federal loans from their undergraduate studies at 2 or 4 year colleges.

Would you characterize Elizabeth Warren, Bernie Sanders, and The Squad, as "corporate-controlled uniparty Democrats?" They support forgiving ALL student loans. Also, if Biden unilaterally forgives student loans in 2022, do you think he should do additional rounds of forgiveness in 2023 and so on or is forgiveness a one time thing? What happens if Democrats lose the presidential election, and a Republican takes over?

Lol, yes, absolutely. Was that a serious question? It's all theater.

Elizabeth Warren should be the last one calling for debt forgiveness. She took a salary of over $400,000 from Harvard for teaching a single course each semester.
This is an obscene salary and this kind of crap is exactly why college costs are so damned high. Sure, Harvard is private..... but similar excessive spending happens at state schools as well.

Admin salaries are the problem, not prof salaries.

It's both. There are a bunch of no show, sinecure professorships as well.

Those profs are dying off. Tenure for young aspiring profs is a pipe dream. It’s brutal out there for adjuncts. Georgia effectively abolished tenure.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.wsj.com/articles/the-great-pandemic-student-loan-scam-patty-murray-11647635249?mod=mhp

Looks like Democrats are going to take a chance on buying Millennial and GenZ votes! Must be taking a page from the Republican playgroup except benefiting regular people rather than billionaires and their LLCs. Sorry so many of you in this thread are mad but you were going to vote GOP in the midterms anyways. Better start watching Fox News and doing your Q research so you're ready!

Do the millions of Americans who did not go to college count as "regular people?" These individuals comprise the majority of Americans. I'm sure that they'll enjoy seeing college educated, high earning Americans reap nearly $2 trillion dollars in benefits due to student loan forgiveness. What about future generations? What about them? What do they get?

Or the other normal people who went to state schools and had two jobs to pay off tuition? I worked my a$$ during college to graduate with no debt. It only took reading one page of the internet or half a book to understand what signing up for 100’s of thousands of dollars of debt would do to my future.

This. Also, the distribution of “prestige” among schools leads to a system that isn’t meritocratic. I went to a directional state school that you’ve never heard of because my EFC was insane but I had no college fund, so I couldn’t afford any of the better schools I got into. I got scholarships, but nothing short of full-tuition scholarships would’ve kept me from drowning in $50k+ in debt anywhere but the directional. Obviously, it was harder professionally than if I could have gone to my state flagship. I’ve long paid off my loans. So many kids going out of state, going to little exorbitantly expensive private colleges, etc that I can’t support forgiveness.

I put lots of money in my kids 529 plans and ask finishing up the youngest college this year. I support forgiveness 100% as it will likely benefit my children after grad school or the grandkids when they go to undergrad. I'm not sure why you would be against forgiveness just because you had irresponsible parents. Wouldn't you want your kids to not have to rely on your own fiscal discipline?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.wsj.com/articles/the-great-pandemic-student-loan-scam-patty-murray-11647635249?mod=mhp

Looks like Democrats are going to take a chance on buying Millennial and GenZ votes! Must be taking a page from the Republican playgroup except benefiting regular people rather than billionaires and their LLCs. Sorry so many of you in this thread are mad but you were going to vote GOP in the midterms anyways. Better start watching Fox News and doing your Q research so you're ready!

Do the millions of Americans who did not go to college count as "regular people?" These individuals comprise the majority of Americans. I'm sure that they'll enjoy seeing college educated, high earning Americans reap nearly $2 trillion dollars in benefits due to student loan forgiveness. What about future generations? What about them? What do they get?

Or the other normal people who went to state schools and had two jobs to pay off tuition? I worked my a$$ during college to graduate with no debt. It only took reading one page of the internet or half a book to understand what signing up for 100’s of thousands of dollars of debt would do to my future.

This. Also, the distribution of “prestige” among schools leads to a system that isn’t meritocratic. I went to a directional state school that you’ve never heard of because my EFC was insane but I had no college fund, so I couldn’t afford any of the better schools I got into. I got scholarships, but nothing short of full-tuition scholarships would’ve kept me from drowning in $50k+ in debt anywhere but the directional. Obviously, it was harder professionally than if I could have gone to my state flagship. I’ve long paid off my loans. So many kids going out of state, going to little exorbitantly expensive private colleges, etc that I can’t support forgiveness.

I put lots of money in my kids 529 plans and ask finishing up the youngest college this year. I support forgiveness 100% as it will likely benefit my children after grad school or the grandkids when they go to undergrad. I'm not sure why you would be against forgiveness just because you had irresponsible parents. Wouldn't you want your kids to not have to rely on your own fiscal discipline?

DP
Good for you. Not all children are fortunate like your children are. How dare you call pp's parents "irresponsible." This shows you are in a liberal bubble.
You think this "forgiveness" will extend to your grandkids? LOL.
And, you do understand that the more loans are "forgiven," the more college costs will increase?

This is not loan forgiveness. Let's call it what it is..... wealth distribution - from working class to elites. Because, much of that college debt is owned by people who are quite capable of paying it off.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.wsj.com/articles/the-great-pandemic-student-loan-scam-patty-murray-11647635249?mod=mhp

Looks like Democrats are going to take a chance on buying Millennial and GenZ votes! Must be taking a page from the Republican playgroup except benefiting regular people rather than billionaires and their LLCs. Sorry so many of you in this thread are mad but you were going to vote GOP in the midterms anyways. Better start watching Fox News and doing your Q research so you're ready!

Do the millions of Americans who did not go to college count as "regular people?" These individuals comprise the majority of Americans. I'm sure that they'll enjoy seeing college educated, high earning Americans reap nearly $2 trillion dollars in benefits due to student loan forgiveness. What about future generations? What about them? What do they get?

Or the other normal people who went to state schools and had two jobs to pay off tuition? I worked my a$$ during college to graduate with no debt. It only took reading one page of the internet or half a book to understand what signing up for 100’s of thousands of dollars of debt would do to my future.

This. Also, the distribution of “prestige” among schools leads to a system that isn’t meritocratic. I went to a directional state school that you’ve never heard of because my EFC was insane but I had no college fund, so I couldn’t afford any of the better schools I got into. I got scholarships, but nothing short of full-tuition scholarships would’ve kept me from drowning in $50k+ in debt anywhere but the directional. Obviously, it was harder professionally than if I could have gone to my state flagship. I’ve long paid off my loans. So many kids going out of state, going to little exorbitantly expensive private colleges, etc that I can’t support forgiveness.

I put lots of money in my kids 529 plans and ask finishing up the youngest college this year. I support forgiveness 100% as it will likely benefit my children after grad school or the grandkids when they go to undergrad. I'm not sure why you would be against forgiveness just because you had irresponsible parents. Wouldn't you want your kids to not have to rely on your own fiscal discipline?

Sounds like you support free college, not loan forgiveness.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.wsj.com/articles/the-great-pandemic-student-loan-scam-patty-murray-11647635249?mod=mhp

Looks like Democrats are going to take a chance on buying Millennial and GenZ votes! Must be taking a page from the Republican playgroup except benefiting regular people rather than billionaires and their LLCs. Sorry so many of you in this thread are mad but you were going to vote GOP in the midterms anyways. Better start watching Fox News and doing your Q research so you're ready!

Do the millions of Americans who did not go to college count as "regular people?" These individuals comprise the majority of Americans. I'm sure that they'll enjoy seeing college educated, high earning Americans reap nearly $2 trillion dollars in benefits due to student loan forgiveness. What about future generations? What about them? What do they get?

Or the other normal people who went to state schools and had two jobs to pay off tuition? I worked my a$$ during college to graduate with no debt. It only took reading one page of the internet or half a book to understand what signing up for 100’s of thousands of dollars of debt would do to my future.

This. Also, the distribution of “prestige” among schools leads to a system that isn’t meritocratic. I went to a directional state school that you’ve never heard of because my EFC was insane but I had no college fund, so I couldn’t afford any of the better schools I got into. I got scholarships, but nothing short of full-tuition scholarships would’ve kept me from drowning in $50k+ in debt anywhere but the directional. Obviously, it was harder professionally than if I could have gone to my state flagship. I’ve long paid off my loans. So many kids going out of state, going to little exorbitantly expensive private colleges, etc that I can’t support forgiveness.

I put lots of money in my kids 529 plans and ask finishing up the youngest college this year. I support forgiveness 100% as it will likely benefit my children after grad school or the grandkids when they go to undergrad. I'm not sure why you would be against forgiveness just because you had irresponsible parents. Wouldn't you want your kids to not have to rely on your own fiscal discipline?

DP
Good for you. Not all children are fortunate like your children are. How dare you call pp's parents "irresponsible." This shows you are in a liberal bubble.
You think this "forgiveness" will extend to your grandkids? LOL.
And, you do understand that the more loans are "forgiven," the more college costs will increase?

This is not loan forgiveness. Let's call it what it is..... wealth distribution - from working class to elites. Because, much of that college debt is owned by people who are quite capable of paying it off.

Sending your child to college with a high EFC and no college savings is irresponsible. It clearly affected pp's mental health as they are angry at other similarly situated people that did not make their children suffer and doesn't understand some people won't vote to make others suffer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.wsj.com/articles/the-great-pandemic-student-loan-scam-patty-murray-11647635249?mod=mhp

Looks like Democrats are going to take a chance on buying Millennial and GenZ votes! Must be taking a page from the Republican playgroup except benefiting regular people rather than billionaires and their LLCs. Sorry so many of you in this thread are mad but you were going to vote GOP in the midterms anyways. Better start watching Fox News and doing your Q research so you're ready!

Do the millions of Americans who did not go to college count as "regular people?" These individuals comprise the majority of Americans. I'm sure that they'll enjoy seeing college educated, high earning Americans reap nearly $2 trillion dollars in benefits due to student loan forgiveness. What about future generations? What about them? What do they get?

Or the other normal people who went to state schools and had two jobs to pay off tuition? I worked my a$$ during college to graduate with no debt. It only took reading one page of the internet or half a book to understand what signing up for 100’s of thousands of dollars of debt would do to my future.

This. Also, the distribution of “prestige” among schools leads to a system that isn’t meritocratic. I went to a directional state school that you’ve never heard of because my EFC was insane but I had no college fund, so I couldn’t afford any of the better schools I got into. I got scholarships, but nothing short of full-tuition scholarships would’ve kept me from drowning in $50k+ in debt anywhere but the directional. Obviously, it was harder professionally than if I could have gone to my state flagship. I’ve long paid off my loans. So many kids going out of state, going to little exorbitantly expensive private colleges, etc that I can’t support forgiveness.

I put lots of money in my kids 529 plans and ask finishing up the youngest college this year. I support forgiveness 100% as it will likely benefit my children after grad school or the grandkids when they go to undergrad. I'm not sure why you would be against forgiveness just because you had irresponsible parents. Wouldn't you want your kids to not have to rely on your own fiscal discipline?

Forgiveness doesn’t help anything unless they stop issuing any more loans.

[Anonymous]

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Anonymous wrote:https://www.wsj.com/articles/the-great-pandemic-student-loan-scam-patty-murray-11647635249?mod=mhp

Looks like Democrats are going to take a chance on buying Millennial and GenZ votes! Must be taking a page from the Republican playgroup except benefiting regular people rather than billionaires and their LLCs. Sorry so many of you in this thread are mad but you were going to vote GOP in the midterms anyways. Better start watching Fox News and doing your Q research so you're ready!

Do the millions of Americans who did not go to college count as "regular people?" These individuals comprise the majority of Americans. I'm sure that they'll enjoy seeing college educated, high earning Americans reap nearly $2 trillion dollars in benefits due to student loan forgiveness. What about future generations? What about them? What do they get?

Or the other normal people who went to state schools and had two jobs to pay off tuition? I worked my a$$ during college to graduate with no debt. It only took reading one page of the internet or half a book to understand what signing up for 100’s of thousands of dollars of debt would do to my future.

This. Also, the distribution of “prestige” among schools leads to a system that isn’t meritocratic. I went to a directional state school that you’ve never heard of because my EFC was insane but I had no college fund, so I couldn’t afford any of the better schools I got into. I got scholarships, but nothing short of full-tuition scholarships would’ve kept me from drowning in $50k+ in debt anywhere but the directional. Obviously, it was harder professionally than if I could have gone to my state flagship. I’ve long paid off my loans. So many kids going out of state, going to little exorbitantly expensive private colleges, etc that I can’t support forgiveness.

I put lots of money in my kids 529 plans and ask finishing up the youngest college this year. I support forgiveness 100% as it will likely benefit my children after grad school or the grandkids when they go to undergrad. I'm not sure why you would be against forgiveness just because you had irresponsible parents. Wouldn't you want your kids to not have to rely on your own fiscal discipline?

DP
Good for you. Not all children are fortunate like your children are. How dare you call pp's parents "irresponsible." This shows you are in a liberal bubble.
You think this "forgiveness" will extend to your grandkids? LOL.
And, you do understand that the more loans are "forgiven," the more college costs will increase?

This is not loan forgiveness. Let's call it what it is..... wealth distribution - from working class to elites. Because, much of that college debt is owned by people who are quite capable of paying it off.

Angry pp with irresponsible parents here (it’s the truth). I’m a liberal democrat. But it does bother me that someone who took out tons loans to go to better schools would get them forgiven.

Not to mention some people postpone college until the magic age of FAFSA independence (age 24) and forgiveness is a slap in the face to those people. They put up with a massive opportunity cost to avoid huge debts.