any cons in suspended student loans debt?

[Anonymous]

Anonymous wrote:

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

Surely there should be a study of America?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:any cons in suspended student loans debt? ?

GDP will go way down if they are not suspended. For an example I am looking forward in going to a concert, and spending more and more money, I will be unable to do this if they are not suspended.

Inflation is already sky high. Restarting student loan repayments is the key to reducing inflation, as millions of people like you, will have less money to spend on goods.

OH MY GOD. I just can't believe you said that.

It’s basic economics 101.

[Anonymous]

Way too many ingrained cultural issues to fix before we consider student loan forgiveness. You’re not entitled to the equivalent of free rent (forgiving loans for room & board), sorry. The vast majority of 18-year olds are way too immature to be away from home anyway, and unless they can prove they’re being physically abused by their parents, they can live at home during undergrad just fine. If they want to move out that’s their problem but I’m not interested in loaning them free money to do it.

[Anonymous]

Anonymous wrote:Way too many ingrained cultural issues to fix before we consider student loan forgiveness. You’re not entitled to the equivalent of free rent (forgiving loans for room & board), sorry. The vast majority of 18-year olds are way too immature to be away from home anyway, and unless they can prove they’re being physically abused by their parents, they can live at home during undergrad just fine. If they want to move out that’s their problem but I’m not interested in loaning them free money to do it.

I don't think a caste system is what people in the US want.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Way too many ingrained cultural issues to fix before we consider student loan forgiveness. You’re not entitled to the equivalent of free rent (forgiving loans for room & board), sorry. The vast majority of 18-year olds are way too immature to be away from home anyway, and unless they can prove they’re being physically abused by their parents, they can live at home during undergrad just fine. If they want to move out that’s their problem but I’m not interested in loaning them free money to do it.

I don't think a caste system is what people in the US want.

It’s what we already have. Indebting people until they’re dead isn’t doing them any good.

We need to root out the classism of universities banning commuting.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Way too many ingrained cultural issues to fix before we consider student loan forgiveness. You’re not entitled to the equivalent of free rent (forgiving loans for room & board), sorry. The vast majority of 18-year olds are way too immature to be away from home anyway, and unless they can prove they’re being physically abused by their parents, they can live at home during undergrad just fine. If they want to move out that’s their problem but I’m not interested in loaning them free money to do it.

I don't think a caste system is what people in the US want.

It’s what we already have. Indebting people until they’re dead isn’t doing them any good.

We need to root out the classism of universities banning commuting.

Which universities ban commuting?

[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.

I have not. I’m going to take that debt to the grave. It’s my middle finger to all the rich kids who had a mommy and daddy pay for school. I worked my ass off through school and took loans to pay for health care, books, and room and board. (Well not really a meal plan, too much $$. I lived on $5 a week for food.) I’m earning a great living now and going to pay for my kids’ college. Student loans aren’t a high priority.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:any cons in suspended student loans debt? ?

GDP will go way down if they are not suspended. For an example I am looking forward in going to a concert, and spending more and more money, I will be unable to do this if they are not suspended.

Inflation is already sky high. Restarting student loan repayments is the key to reducing inflation, as millions of people like you, will have less money to spend on goods.

OH MY GOD. I just can't believe you said that.

It’s basic economics 101.

You didn’t take an economics class.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Way too many ingrained cultural issues to fix before we consider student loan forgiveness. You’re not entitled to the equivalent of free rent (forgiving loans for room & board), sorry. The vast majority of 18-year olds are way too immature to be away from home anyway, and unless they can prove they’re being physically abused by their parents, they can live at home during undergrad just fine. If they want to move out that’s their problem but I’m not interested in loaning them free money to do it.

I don't think a caste system is what people in the US want.

It’s what we already have. Indebting people until they’re dead isn’t doing them any good.

We need to root out the classism of universities banning commuting.

Which universities ban commuting?

A lot.

[Anonymous]

Anonymous wrote:

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.

I have not. I’m going to take that debt to the grave. It’s my middle finger to all the rich kids who had a mommy and daddy pay for school. I worked my ass off through school and took loans to pay for health care, books, and room and board. (Well not really a meal plan, too much $$. I lived on $5 a week for food.) I’m earning a great living now and going to pay for my kids’ college. Student loans aren’t a high priority.

Good job turning your kids into what you hate

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

I have not. I’m going to take that debt to the grave. It’s my middle finger to all the rich kids who had a mommy and daddy pay for school. I worked my ass off through school and took loans to pay for health care, books, and room and board. (Well not really a meal plan, too much $$. I lived on $5 a week for food.) I’m earning a great living now and going to pay for my kids’ college. Student loans aren’t a high priority.

Good job turning your kids into what you hate

+1,000

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

I have not. I’m going to take that debt to the grave. It’s my middle finger to all the rich kids who had a mommy and daddy pay for school. I worked my ass off through school and took loans to pay for health care, books, and room and board. (Well not really a meal plan, too much $$. I lived on $5 a week for food.) I’m earning a great living now and going to pay for my kids’ college. Student loans aren’t a high priority.

Good job turning your kids into what you hate

Yep! They have it easier. I wish I had good parents like me.

[Anonymous]

If you pulled yourself up by your bootstraps, enjoy your success!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:any cons in suspended student loans debt? ?

GDP will go way down if they are not suspended. For an example I am looking forward in going to a concert, and spending more and more money, I will be unable to do this if they are not suspended.

Inflation is already sky high. Restarting student loan repayments is the key to reducing inflation, as millions of people like you, will have less money to spend on goods.

OH MY GOD. I just can't believe you said that.

It’s basic economics 101.

This won’t fix the inflation problem. Labor costs are not going back to 2019! We are facing a labor crunch due to Boomers retiring. We will struggle with labor costs until maybe the millennials’ kids enter the workforce. The Boomers retiring is going to be a seismic shift to our economy. Couple that huge shift with a pandemic, looming world war, and future famine; it’s going to be a rocky ride.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Way too many ingrained cultural issues to fix before we consider student loan forgiveness. You’re not entitled to the equivalent of free rent (forgiving loans for room & board), sorry. The vast majority of 18-year olds are way too immature to be away from home anyway, and unless they can prove they’re being physically abused by their parents, they can live at home during undergrad just fine. If they want to move out that’s their problem but I’m not interested in loaning them free money to do it.

I don't think a caste system is what people in the US want.

It’s what we already have. Indebting people until they’re dead isn’t doing them any good.

We need to root out the classism of universities banning commuting.

Which universities ban commuting?

A lot.

Didn’t your eighth grade teacher tell you this is not an answer? I’ve had three kids go through college and probably examined fourteen schools during the admissions process. I can’t think of any schools that ban commuters. I agree that lifelong debt is a bad thing. You sound like a fundamentalist with the idea that young adults must live at home. Our armed forces have a significant number of eighteen year olds living away from home. Would you argue with that?