any cons in suspended student loans debt?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is not right that some kids get to go to a 4 year school and live on-campus with now loans like a spoiled rotten brat while other kids have to commute living at home and pay their own tuition on a monthly payment plan.

My kids' friends have a beach house. Its not right that those kids get to go there on school breaks FOR FREE and my kids are stuck at home doing nothing. /s

And there are tons more kids who have it much worse than your kids stuck at home. Let's just say that any college is out of reach for them.

our economy depends on having labor not dependent upon a college degree. not everyone can or should go to college. people don't want to acknowledge that, but it's true. now there are millions of people who did get to go to college and earn their degrees (which lenders can't "repossess") but they want taxpayers to take on that burden and pay the tab? So others who either paid their own way or chose not to go to college are supposed to take on that debt? Nope. I'm a Dem, but based on Biden's performance thus far together with the whininess of people advocating for government giveaway policies like this, I would count on the house going to the GOP next year and then all this talk about loan forgiveness will be even further removed from reality.

The house is already going to the GOP because of perceived "woke policies" and attacks on education. Student loan forgiveness is an attempt to obtain a voting base based on economics rather than racial grievance etc. Even if forgiveness doesn't happen, the payments are going to remain at zero. You're not going to get Millennials and GenZ out to vote for Democrats when student loans come due before/during midterms. It's like a farm subsidy at this point where lots of people don't like it but it's too much trouble to get rid of it.

Cool. Well we are rich but I will definitely be having my kids take out the full stafford allotment since Uncle Sam will be paying the tab forever according to you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is not right that some kids get to go to a 4 year school and live on-campus with now loans like a spoiled rotten brat while other kids have to commute living at home and pay their own tuition on a monthly payment plan.

My kids' friends have a beach house. Its not right that those kids get to go there on school breaks FOR FREE and my kids are stuck at home doing nothing. /s

And there are tons more kids who have it much worse than your kids stuck at home. Let's just say that any college is out of reach for them.

our economy depends on having labor not dependent upon a college degree. not everyone can or should go to college. people don't want to acknowledge that, but it's true. now there are millions of people who did get to go to college and earn their degrees (which lenders can't "repossess") but they want taxpayers to take on that burden and pay the tab? So others who either paid their own way or chose not to go to college are supposed to take on that debt? Nope. I'm a Dem, but based on Biden's performance thus far together with the whininess of people advocating for government giveaway policies like this, I would count on the house going to the GOP next year and then all this talk about loan forgiveness will be even further removed from reality.

Our economy unfortunately depends on exploitative minimum wage labor.

yep, so let's work on raising the minimum wage and ensuring that non-college jobs are bearable/sustainable/will yield a decent life. pretending that everyone deserves to go to college is absurd.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is not right that some kids get to go to a 4 year school and live on-campus with now loans like a spoiled rotten brat while other kids have to commute living at home and pay their own tuition on a monthly payment plan.

My kids' friends have a beach house. Its not right that those kids get to go there on school breaks FOR FREE and my kids are stuck at home doing nothing. /s

And there are tons more kids who have it much worse than your kids stuck at home. Let's just say that any college is out of reach for them.

our economy depends on having labor not dependent upon a college degree. not everyone can or should go to college. people don't want to acknowledge that, but it's true. now there are millions of people who did get to go to college and earn their degrees (which lenders can't "repossess") but they want taxpayers to take on that burden and pay the tab? So others who either paid their own way or chose not to go to college are supposed to take on that debt? Nope. I'm a Dem, but based on Biden's performance thus far together with the whininess of people advocating for government giveaway policies like this, I would count on the house going to the GOP next year and then all this talk about loan forgiveness will be even further removed from reality.

The house is already going to the GOP because of perceived "woke policies" and attacks on education. Student loan forgiveness is an attempt to obtain a voting base based on economics rather than racial grievance etc. Even if forgiveness doesn't happen, the payments are going to remain at zero. You're not going to get Millennials and GenZ out to vote for Democrats when student loans come due before/during midterms. It's like a farm subsidy at this point where lots of people don't like it but it's too much trouble to get rid of it.

Cool. Well we are rich but I will definitely be having my kids take out the full stafford allotment since Uncle Sam will be paying the tab forever according to you.

+1 DS is a sophomore in college, and we would never have qualified for subsidized stafford loans, only unsub, but DS's loans have been interest-free anyway in the years since he took them out due to the pause. Great investment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If it isn’t good enough for your kid, why is it considered adequate for other kids.

My kid is a plumber, he made $230k last year. How much did you make at 24?

good for him want a cookie?

[Anonymous]

The problem is that I see people cite that rent is too expensive and that that’s why they can’t pay their loans, and then they quote the average studio apartment rent in a world class city. Nobody, and I mean nobody, is entitled to live in DC, SF, NYC, LA, wherever. Areas change quick (see Bozeman and Austin). Get roommates and/or move and stop effing making excuses. I hope those people know there are areas where rent is literally $750/month. In the age of remote work there’s no excuse. Study after study shows that people that live in neomarxist, urban areas are utterly miserable anyway. Go become a dental hygienist, a carpenter, a nurse or even get a full-time job at an Amazon warehouse for a couple years. There are areas where you can buy a house for $60,000 and renovate it for $15,000.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is not right that some kids get to go to a 4 year school and live on-campus with now loans like a spoiled rotten brat while other kids have to commute living at home and pay their own tuition on a monthly payment plan.

My kids' friends have a beach house. Its not right that those kids get to go there on school breaks FOR FREE and my kids are stuck at home doing nothing. /s

And there are tons more kids who have it much worse than your kids stuck at home. Let's just say that any college is out of reach for them.

our economy depends on having labor not dependent upon a college degree. not everyone can or should go to college. people don't want to acknowledge that, but it's true. now there are millions of people who did get to go to college and earn their degrees (which lenders can't "repossess") but they want taxpayers to take on that burden and pay the tab? So others who either paid their own way or chose not to go to college are supposed to take on that debt? Nope. I'm a Dem, but based on Biden's performance thus far together with the whininess of people advocating for government giveaway policies like this, I would count on the house going to the GOP next year and then all this talk about loan forgiveness will be even further removed from reality.

The house is already going to the GOP because of perceived "woke policies" and attacks on education. Student loan forgiveness is an attempt to obtain a voting base based on economics rather than racial grievance etc. Even if forgiveness doesn't happen, the payments are going to remain at zero. You're not going to get Millennials and GenZ out to vote for Democrats when student loans come due before/during midterms. It's like a farm subsidy at this point where lots of people don't like it but it's too much trouble to get rid of it.

Cool. Well we are rich but I will definitely be having my kids take out the full stafford allotment since Uncle Sam will be paying the tab forever according to you.

+1 DS is a sophomore in college, and we would never have qualified for subsidized stafford loans, only unsub, but DS's loans have been interest-free anyway in the years since he took them out due to the pause. Great investment.

It's been a great investment for everyone with student loans and is a major reason why savings rates went up in the US. It's very interesting that the only fiscally conservative issue in the media is opposing student loan forgiveness and it's not gaining much traction. Guess that platform really is dead after the Trump administration.

[Anonymous]

UMC normies fighting UMC normies.

[Anonymous]

Sure. Let's cancel student loan debt. Then we can ensure that those who get their masters in "happiness studies" can indeed, be happy.

[Anonymous]

The government will suspend debt repayment due to the coming famine/inflation.

[Anonymous]

Anonymous wrote:Sure. Let's cancel student loan debt. Then we can ensure that those who get their masters in "happiness studies" can indeed, be happy.

I don’t have a degree in Happiness Studies but it’s pretty clear there is no happiness in homelessness and soup kitchens.

[Anonymous]

Anonymous wrote:The government will suspend debt repayment due to the coming famine/inflation.

Debt repayment has been suspended since March 2020.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The government will suspend debt repayment due to the coming famine/inflation.

Debt repayment has been suspended since March 2020.

The requirement to repay has been suspended. Hopefully people have been smart enough to keep paying if they can afford it.

[Anonymous]

Study after study shows that people that live in neomarxist, urban areas are utterly miserable anyway.

Surely you can share one of those many studies?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The government will suspend debt repayment due to the coming famine/inflation.

Debt repayment has been suspended since March 2020.

The requirement to repay has been suspended. Hopefully people have been smart enough to keep paying if they can afford it.

You’re better off investing what you would’ve paid and socking it into an account until payment comes due.

[Anonymous]

Anonymous wrote:

Study after study shows that people that live in neomarxist, urban areas are utterly miserable anyway.

Surely you can share one of those many studies?

NP. Out of Canada: https://www.nber.org/papers/w24592