Why is Biden extending the student loan repayment pause?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yeah. This is a crappy bandaid not a fix.
Let them discharge their debt.
Lenders will stop giving money away like free candy.
Colleges will no longer have a limitless revenue stream
Trade schools need to be emphasized starting in high school.
Businesses need to be financially responsible for training their workforce
Families shouldn’t be shouldering all of the burden as they are now.

They are. We’ve got Phelps and Edison here in the DC area at least. Until UMC families are willing to send their kids to them why should anyone else? Also, right wing pundits send their kids to elite liberal colleges to major in history or English.

Because trade school is a better route for most kids. That’s why. College shouldn’t be for all.
UMC families have more options. That’s life.

You just admitted that you think trade school is for the poor kids, and that they should be routed to that young, while UMC kids should go to college and make $$$$$.

Got it.

Not just “make $$$$$” but make money sitting on their butts; high born “laptop class” working from home bossing around the low born kids. Wow just wow.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Pp your comment about boomers missss the larger issue. Before federal loans were so available, the cost to go was less. More federal loans and grants has only increased the cost for everyone because the new “zero” assumes you have gotten the loans. There shouldn’t be any more loans or forgiveness available until colleges and universities are forced to tighten their belts. If that doesn’t happen, all that will happen is tuition will continue to ride because the faucet if federal money will just keep flowing. College has been experiencing outpaced inflation for Decades because of the flow of federa money. We are now seeing the same issue across the economy broadly and we are upset. But the same economic forces (federal cash) have resulted in skyrocketing tuition. It wasn’t the intent but it is the outcome. And it needs to be stopped before any more money flows.

I agree that colleges should be held responsible and tighten their belts. But that would require a bipartisan solution and the GOP isn't playing ball on anything, since they are in the pocket of scam for-profit colleges and behemoth student loan churners like Liberty University.

The solution would be requiring colleges to hold risk retention on 10% of the loans they originate so that students, colleges, and the US taxpayers have aligned incentives. Then make a requirement that participation in federal student loans requires a freeze on tuition and fees for 5 years, after which cost may increase in line with inflation.

The 5 years of budget tightening will drastically downsize the mid-level administrators, plus the bloated salaries for university presidents and major sports coaches.

Colleges are already rewarded or dinged on their cohort default rate. I’d argue that should be more severe.

I am pretty sure the colleges with the worst default rates are local community colleges (no admissions bar) and local regional/commuter public universities (very low admissions bar). If you try to force them to raise their admissions bar you're going to get viral cries of racism very, very quickly.

I don’t think true. Tuition at community colleges is often less than the Pell Grants so for many families, there’s no loan at all. There are also many institutional grants available snd many states offer free community college programs. Community colleges also house do many workforce training programs that a kid can transition to if they decide to leave a credit program.

You are wrong. Jill Biden's community college costs $23,000 per yr all-in. Pell Grant is only $640 to $6,400, if you even qualify for it. Millions of low and middle class community college alums have federal student loan debt. Most of them didn't even earn an associate's degree or credential.

About $18K of that is living expenses.

Most voters would be totally fine with forgiving $10-20K of student loan debt, but not expensive graduate degrees. The biggest problem with any proposal to forgive all student loan debt is that there's absolutely nothing happening for those kids that haven't started school at all. It's a terrible solution to wipe out debt for one group of people and then have another group accumulate debt a year later. And don't say Congress will fix it because that's obviously not happening.

Make community college free for two years for all or you can take the $10K that community college would have cost and apply it to an in-state public school. Provide extra supplements for transportation costs/food etc, to families who really need it, increase the Pell grant system, decrease interest rates for outstanding and new loans, and forgive $10-20K is a viable solution, but only if it's part of a package deal.

NOVA CC is $8,000/year in tuition alone.

I’m in MD and the community colleges here are around $5k. The tuition and fees I’m seeing online are $185 credit hour which works out to $5500 for 30 credits. If it’s really $8k for NOVA CC then that’s on VA or the school itself.

You do realize the average American doesn’t have a pot to piss in, right? What CC costs, where do you think the avg low or middle class kid comes up with $5,000 - 8,000 cash plus books, laptop, car insurance, gas, rent, food, health care? They do work-study and take out loans, ya nitwit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I've switched from D to I already. If this happens, I'm switching to R.

+100 Democrats are underestimating how much independents hate this idea.

Most independents don’t know their head from their ass, and their kids have student loans that would be forgiven. Literally, every American will have someone in their family getting loans forgiven.

Make it personal.

lol, ok, just wait for 2022/2024. remember hillary?

Sure let's make a stupid move again... Someone hold this R's beer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yeah. This is a crappy bandaid not a fix.
Let them discharge their debt.
Lenders will stop giving money away like free candy.
Colleges will no longer have a limitless revenue stream
Trade schools need to be emphasized starting in high school.
Businesses need to be financially responsible for training their workforce
Families shouldn’t be shouldering all of the burden as they are now.

They are. We’ve got Phelps and Edison here in the DC area at least. Until UMC families are willing to send their kids to them why should anyone else? Also, right wing pundits send their kids to elite liberal colleges to major in history or English.

Because trade school is a better route for most kids. That’s why. College shouldn’t be for all.
UMC families have more options. That’s life.

You just admitted that you think trade school is for the poor kids, and that they should be routed to that young, while UMC kids should go to college and make $$$$$.

Got it.

Not just “make $$$$$” but make money sitting on their butts; high born “laptop class” working from home bossing around the low born kids. Wow just wow.

Your attitude is why we can’t have nice things.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Great tweet. But it really captures what a scummy political hack JD is. He knows damn well there are hundreds of thousands of poor families in Ohio impacted by student loans. His billionaire donors told him to be against it, so he’s against it.

I disagree. Seems JD knows a little more about the holders of this debt than you do.

The report concludes that majority of student loan debt is held in households that have higher earnings and a graduate degree. The highest-income 40% of households (those with incomes above $74,000) owe almost 60% of student loan debt.

https://www.savingforcollege.com/article/who-owes-the-most-student-loan-debt

Nice misleading right wing think tank talking points. Take out the post-bachelor’s debtors — you have over 30 million poor families. You know, the same poor “white trash” JD got filthy rich off of from his memoir and movie deal and now right wing (Pop Inc.) grifting.

30 million poor families? Where? Based on what evidence? People with bachelor's degrees are poor? People with associate's degrees are poor?

Over half with undergrad debt didn’t graduate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Pp your comment about boomers missss the larger issue. Before federal loans were so available, the cost to go was less. More federal loans and grants has only increased the cost for everyone because the new “zero” assumes you have gotten the loans. There shouldn’t be any more loans or forgiveness available until colleges and universities are forced to tighten their belts. If that doesn’t happen, all that will happen is tuition will continue to ride because the faucet if federal money will just keep flowing. College has been experiencing outpaced inflation for Decades because of the flow of federa money. We are now seeing the same issue across the economy broadly and we are upset. But the same economic forces (federal cash) have resulted in skyrocketing tuition. It wasn’t the intent but it is the outcome. And it needs to be stopped before any more money flows.

I agree that colleges should be held responsible and tighten their belts. But that would require a bipartisan solution and the GOP isn't playing ball on anything, since they are in the pocket of scam for-profit colleges and behemoth student loan churners like Liberty University.

The solution would be requiring colleges to hold risk retention on 10% of the loans they originate so that students, colleges, and the US taxpayers have aligned incentives. Then make a requirement that participation in federal student loans requires a freeze on tuition and fees for 5 years, after which cost may increase in line with inflation.

The 5 years of budget tightening will drastically downsize the mid-level administrators, plus the bloated salaries for university presidents and major sports coaches.

Colleges are already rewarded or dinged on their cohort default rate. I’d argue that should be more severe.

I am pretty sure the colleges with the worst default rates are local community colleges (no admissions bar) and local regional/commuter public universities (very low admissions bar). If you try to force them to raise their admissions bar you're going to get viral cries of racism very, very quickly.

I don’t think true. Tuition at community colleges is often less than the Pell Grants so for many families, there’s no loan at all. There are also many institutional grants available snd many states offer free community college programs. Community colleges also house do many workforce training programs that a kid can transition to if they decide to leave a credit program.

You are wrong. Jill Biden's community college costs $23,000 per yr all-in. Pell Grant is only $640 to $6,400, if you even qualify for it. Millions of low and middle class community college alums have federal student loan debt. Most of them didn't even earn an associate's degree or credential.

About $18K of that is living expenses.

Most voters would be totally fine with forgiving $10-20K of student loan debt, but not expensive graduate degrees. The biggest problem with any proposal to forgive all student loan debt is that there's absolutely nothing happening for those kids that haven't started school at all. It's a terrible solution to wipe out debt for one group of people and then have another group accumulate debt a year later. And don't say Congress will fix it because that's obviously not happening.

Make community college free for two years for all or you can take the $10K that community college would have cost and apply it to an in-state public school. Provide extra supplements for transportation costs/food etc, to families who really need it, increase the Pell grant system, decrease interest rates for outstanding and new loans, and forgive $10-20K is a viable solution, but only if it's part of a package deal.

NOVA CC is $8,000/year in tuition alone.

I’m in MD and the community colleges here are around $5k. The tuition and fees I’m seeing online are $185 credit hour which works out to $5500 for 30 credits. If it’s really $8k for NOVA CC then that’s on VA or the school itself.

You do realize the average American doesn’t have a pot to piss in, right? What CC costs, where do you think the avg low or middle class kid comes up with $5,000 - 8,000 cash plus books, laptop, car insurance, gas, rent, food, health care? They do work-study and take out loans, ya nitwit.

The average American doesn’t need to be going to college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Pp your comment about boomers missss the larger issue. Before federal loans were so available, the cost to go was less. More federal loans and grants has only increased the cost for everyone because the new “zero” assumes you have gotten the loans. There shouldn’t be any more loans or forgiveness available until colleges and universities are forced to tighten their belts. If that doesn’t happen, all that will happen is tuition will continue to ride because the faucet if federal money will just keep flowing. College has been experiencing outpaced inflation for Decades because of the flow of federa money. We are now seeing the same issue across the economy broadly and we are upset. But the same economic forces (federal cash) have resulted in skyrocketing tuition. It wasn’t the intent but it is the outcome. And it needs to be stopped before any more money flows.

I agree that colleges should be held responsible and tighten their belts. But that would require a bipartisan solution and the GOP isn't playing ball on anything, since they are in the pocket of scam for-profit colleges and behemoth student loan churners like Liberty University.

The solution would be requiring colleges to hold risk retention on 10% of the loans they originate so that students, colleges, and the US taxpayers have aligned incentives. Then make a requirement that participation in federal student loans requires a freeze on tuition and fees for 5 years, after which cost may increase in line with inflation.

The 5 years of budget tightening will drastically downsize the mid-level administrators, plus the bloated salaries for university presidents and major sports coaches.

Colleges are already rewarded or dinged on their cohort default rate. I’d argue that should be more severe.

I am pretty sure the colleges with the worst default rates are local community colleges (no admissions bar) and local regional/commuter public universities (very low admissions bar). If you try to force them to raise their admissions bar you're going to get viral cries of racism very, very quickly.

I don’t think true. Tuition at community colleges is often less than the Pell Grants so for many families, there’s no loan at all. There are also many institutional grants available snd many states offer free community college programs. Community colleges also house do many workforce training programs that a kid can transition to if they decide to leave a credit program.

You are wrong. Jill Biden's community college costs $23,000 per yr all-in. Pell Grant is only $640 to $6,400, if you even qualify for it. Millions of low and middle class community college alums have federal student loan debt. Most of them didn't even earn an associate's degree or credential.

About $18K of that is living expenses.

Most voters would be totally fine with forgiving $10-20K of student loan debt, but not expensive graduate degrees. The biggest problem with any proposal to forgive all student loan debt is that there's absolutely nothing happening for those kids that haven't started school at all. It's a terrible solution to wipe out debt for one group of people and then have another group accumulate debt a year later. And don't say Congress will fix it because that's obviously not happening.

Make community college free for two years for all or you can take the $10K that community college would have cost and apply it to an in-state public school. Provide extra supplements for transportation costs/food etc, to families who really need it, increase the Pell grant system, decrease interest rates for outstanding and new loans, and forgive $10-20K is a viable solution, but only if it's part of a package deal.

NOVA CC is $8,000/year in tuition alone.

I’m in MD and the community colleges here are around $5k. The tuition and fees I’m seeing online are $185 credit hour which works out to $5500 for 30 credits. If it’s really $8k for NOVA CC then that’s on VA or the school itself.

You do realize the average American doesn’t have a pot to piss in, right? What CC costs, where do you think the avg low or middle class kid comes up with $5,000 - 8,000 cash plus books, laptop, car insurance, gas, rent, food, health care? They do work-study and take out loans, ya nitwit.

The average American doesn’t need to be going to college.

Everyone who says this doesn’t mean THEIR kids, of course. You mean poor and minorities — the poor and minorities should be excluded from cozy do-nothing laptop class careers — they need to go blow their knees and back out digging ditches and delivering your groceries, or go die or get mangled in a fake neoliberal/neocon war. Right?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Pp your comment about boomers missss the larger issue. Before federal loans were so available, the cost to go was less. More federal loans and grants has only increased the cost for everyone because the new “zero” assumes you have gotten the loans. There shouldn’t be any more loans or forgiveness available until colleges and universities are forced to tighten their belts. If that doesn’t happen, all that will happen is tuition will continue to ride because the faucet if federal money will just keep flowing. College has been experiencing outpaced inflation for Decades because of the flow of federa money. We are now seeing the same issue across the economy broadly and we are upset. But the same economic forces (federal cash) have resulted in skyrocketing tuition. It wasn’t the intent but it is the outcome. And it needs to be stopped before any more money flows.

I agree that colleges should be held responsible and tighten their belts. But that would require a bipartisan solution and the GOP isn't playing ball on anything, since they are in the pocket of scam for-profit colleges and behemoth student loan churners like Liberty University.

The solution would be requiring colleges to hold risk retention on 10% of the loans they originate so that students, colleges, and the US taxpayers have aligned incentives. Then make a requirement that participation in federal student loans requires a freeze on tuition and fees for 5 years, after which cost may increase in line with inflation.

The 5 years of budget tightening will drastically downsize the mid-level administrators, plus the bloated salaries for university presidents and major sports coaches.

Colleges are already rewarded or dinged on their cohort default rate. I’d argue that should be more severe.

I am pretty sure the colleges with the worst default rates are local community colleges (no admissions bar) and local regional/commuter public universities (very low admissions bar). If you try to force them to raise their admissions bar you're going to get viral cries of racism very, very quickly.

I don’t think true. Tuition at community colleges is often less than the Pell Grants so for many families, there’s no loan at all. There are also many institutional grants available snd many states offer free community college programs. Community colleges also house do many workforce training programs that a kid can transition to if they decide to leave a credit program.

You are wrong. Jill Biden's community college costs $23,000 per yr all-in. Pell Grant is only $640 to $6,400, if you even qualify for it. Millions of low and middle class community college alums have federal student loan debt. Most of them didn't even earn an associate's degree or credential.

About $18K of that is living expenses.

Most voters would be totally fine with forgiving $10-20K of student loan debt, but not expensive graduate degrees. The biggest problem with any proposal to forgive all student loan debt is that there's absolutely nothing happening for those kids that haven't started school at all. It's a terrible solution to wipe out debt for one group of people and then have another group accumulate debt a year later. And don't say Congress will fix it because that's obviously not happening.

Make community college free for two years for all or you can take the $10K that community college would have cost and apply it to an in-state public school. Provide extra supplements for transportation costs/food etc, to families who really need it, increase the Pell grant system, decrease interest rates for outstanding and new loans, and forgive $10-20K is a viable solution, but only if it's part of a package deal.

NOVA CC is $8,000/year in tuition alone.

I’m in MD and the community colleges here are around $5k. The tuition and fees I’m seeing online are $185 credit hour which works out to $5500 for 30 credits. If it’s really $8k for NOVA CC then that’s on VA or the school itself.

You do realize the average American doesn’t have a pot to piss in, right? What CC costs, where do you think the avg low or middle class kid comes up with $5,000 - 8,000 cash plus books, laptop, car insurance, gas, rent, food, health care? They do work-study and take out loans, ya nitwit.

The average American doesn’t need to be going to college.

But they should be able to if they want to, especially at a community college for godsake.

If anything, trust fund kids don’t need to be going to college.

[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:Pp your comment about boomers missss the larger issue. Before federal loans were so available, the cost to go was less. More federal loans and grants has only increased the cost for everyone because the new “zero” assumes you have gotten the loans. There shouldn’t be any more loans or forgiveness available until colleges and universities are forced to tighten their belts. If that doesn’t happen, all that will happen is tuition will continue to ride because the faucet if federal money will just keep flowing. College has been experiencing outpaced inflation for Decades because of the flow of federa money. We are now seeing the same issue across the economy broadly and we are upset. But the same economic forces (federal cash) have resulted in skyrocketing tuition. It wasn’t the intent but it is the outcome. And it needs to be stopped before any more money flows.

I agree that colleges should be held responsible and tighten their belts. But that would require a bipartisan solution and the GOP isn't playing ball on anything, since they are in the pocket of scam for-profit colleges and behemoth student loan churners like Liberty University.

The solution would be requiring colleges to hold risk retention on 10% of the loans they originate so that students, colleges, and the US taxpayers have aligned incentives. Then make a requirement that participation in federal student loans requires a freeze on tuition and fees for 5 years, after which cost may increase in line with inflation.

The 5 years of budget tightening will drastically downsize the mid-level administrators, plus the bloated salaries for university presidents and major sports coaches.

Colleges are already rewarded or dinged on their cohort default rate. I’d argue that should be more severe.

I am pretty sure the colleges with the worst default rates are local community colleges (no admissions bar) and local regional/commuter public universities (very low admissions bar). If you try to force them to raise their admissions bar you're going to get viral cries of racism very, very quickly.

I don’t think true. Tuition at community colleges is often less than the Pell Grants so for many families, there’s no loan at all. There are also many institutional grants available snd many states offer free community college programs. Community colleges also house do many workforce training programs that a kid can transition to if they decide to leave a credit program.

You are wrong. Jill Biden's community college costs $23,000 per yr all-in. Pell Grant is only $640 to $6,400, if you even qualify for it. Millions of low and middle class community college alums have federal student loan debt. Most of them didn't even earn an associate's degree or credential.

About $18K of that is living expenses.

Most voters would be totally fine with forgiving $10-20K of student loan debt, but not expensive graduate degrees. The biggest problem with any proposal to forgive all student loan debt is that there's absolutely nothing happening for those kids that haven't started school at all. It's a terrible solution to wipe out debt for one group of people and then have another group accumulate debt a year later. And don't say Congress will fix it because that's obviously not happening.

Make community college free for two years for all or you can take the $10K that community college would have cost and apply it to an in-state public school. Provide extra supplements for transportation costs/food etc, to families who really need it, increase the Pell grant system, decrease interest rates for outstanding and new loans, and forgive $10-20K is a viable solution, but only if it's part of a package deal.

NOVA CC is $8,000/year in tuition alone.

I’m in MD and the community colleges here are around $5k. The tuition and fees I’m seeing online are $185 credit hour which works out to $5500 for 30 credits. If it’s really $8k for NOVA CC then that’s on VA or the school itself.

You do realize the average American doesn’t have a pot to piss in, right? What CC costs, where do you think the avg low or middle class kid comes up with $5,000 - 8,000 cash plus books, laptop, car insurance, gas, rent, food, health care? They do work-study and take out loans, ya nitwit.

The average American doesn’t need to be going to college.

Everyone who says this doesn’t mean THEIR kids, of course. You mean poor and minorities — the poor and minorities should be excluded from cozy do-nothing laptop class careers — they need to go blow their knees and back out digging ditches and delivering your groceries, or go die or get mangled in a fake neoliberal/neocon war. Right?

+ a million

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yeah. This is a crappy bandaid not a fix.
Let them discharge their debt.
Lenders will stop giving money away like free candy.
Colleges will no longer have a limitless revenue stream
Trade schools need to be emphasized starting in high school.
Businesses need to be financially responsible for training their workforce
Families shouldn’t be shouldering all of the burden as they are now.

They are. We’ve got Phelps and Edison here in the DC area at least. Until UMC families are willing to send their kids to them why should anyone else? Also, right wing pundits send their kids to elite liberal colleges to major in history or English.

Because trade school is a better route for most kids. That’s why. College shouldn’t be for all.
UMC families have more options. That’s life.

You just admitted that you think trade school is for the poor kids, and that they should be routed to that young, while UMC kids should go to college and make $$$$$.

Got it.

Not just “make $$$$$” but make money sitting on their butts; high born “laptop class” working from home bossing around the low born kids. Wow just wow.

Your attitude is why we can’t have nice things.

Speak for yourself. You want the “nice” things with no saturated of bachelors degreed low SES kids to have to compete against.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Pp your comment about boomers missss the larger issue. Before federal loans were so available, the cost to go was less. More federal loans and grants has only increased the cost for everyone because the new “zero” assumes you have gotten the loans. There shouldn’t be any more loans or forgiveness available until colleges and universities are forced to tighten their belts. If that doesn’t happen, all that will happen is tuition will continue to ride because the faucet if federal money will just keep flowing. College has been experiencing outpaced inflation for Decades because of the flow of federa money. We are now seeing the same issue across the economy broadly and we are upset. But the same economic forces (federal cash) have resulted in skyrocketing tuition. It wasn’t the intent but it is the outcome. And it needs to be stopped before any more money flows.

I agree that colleges should be held responsible and tighten their belts. But that would require a bipartisan solution and the GOP isn't playing ball on anything, since they are in the pocket of scam for-profit colleges and behemoth student loan churners like Liberty University.

The solution would be requiring colleges to hold risk retention on 10% of the loans they originate so that students, colleges, and the US taxpayers have aligned incentives. Then make a requirement that participation in federal student loans requires a freeze on tuition and fees for 5 years, after which cost may increase in line with inflation.

The 5 years of budget tightening will drastically downsize the mid-level administrators, plus the bloated salaries for university presidents and major sports coaches.

Colleges are already rewarded or dinged on their cohort default rate. I’d argue that should be more severe.

I am pretty sure the colleges with the worst default rates are local community colleges (no admissions bar) and local regional/commuter public universities (very low admissions bar). If you try to force them to raise their admissions bar you're going to get viral cries of racism very, very quickly.

I don’t think true. Tuition at community colleges is often less than the Pell Grants so for many families, there’s no loan at all. There are also many institutional grants available snd many states offer free community college programs. Community colleges also house do many workforce training programs that a kid can transition to if they decide to leave a credit program.

You are wrong. Jill Biden's community college costs $23,000 per yr all-in. Pell Grant is only $640 to $6,400, if you even qualify for it. Millions of low and middle class community college alums have federal student loan debt. Most of them didn't even earn an associate's degree or credential.

About $18K of that is living expenses.

Most voters would be totally fine with forgiving $10-20K of student loan debt, but not expensive graduate degrees. The biggest problem with any proposal to forgive all student loan debt is that there's absolutely nothing happening for those kids that haven't started school at all. It's a terrible solution to wipe out debt for one group of people and then have another group accumulate debt a year later. And don't say Congress will fix it because that's obviously not happening.

Make community college free for two years for all or you can take the $10K that community college would have cost and apply it to an in-state public school. Provide extra supplements for transportation costs/food etc, to families who really need it, increase the Pell grant system, decrease interest rates for outstanding and new loans, and forgive $10-20K is a viable solution, but only if it's part of a package deal.

NOVA CC is $8,000/year in tuition alone.

I’m in MD and the community colleges here are around $5k. The tuition and fees I’m seeing online are $185 credit hour which works out to $5500 for 30 credits. If it’s really $8k for NOVA CC then that’s on VA or the school itself.

You do realize the average American doesn’t have a pot to piss in, right? What CC costs, where do you think the avg low or middle class kid comes up with $5,000 - 8,000 cash plus books, laptop, car insurance, gas, rent, food, health care? They do work-study and take out loans, ya nitwit.

The average American doesn’t need to be going to college.

Um, what? Tell us what you really mean. Because it’s 2022 and life without a degree is suckish. And before you say “X% of people have no degree,” that same percentage can’t even come up with $500 in an emergency.

[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:Pp your comment about boomers missss the larger issue. Before federal loans were so available, the cost to go was less. More federal loans and grants has only increased the cost for everyone because the new “zero” assumes you have gotten the loans. There shouldn’t be any more loans or forgiveness available until colleges and universities are forced to tighten their belts. If that doesn’t happen, all that will happen is tuition will continue to ride because the faucet if federal money will just keep flowing. College has been experiencing outpaced inflation for Decades because of the flow of federa money. We are now seeing the same issue across the economy broadly and we are upset. But the same economic forces (federal cash) have resulted in skyrocketing tuition. It wasn’t the intent but it is the outcome. And it needs to be stopped before any more money flows.

I agree that colleges should be held responsible and tighten their belts. But that would require a bipartisan solution and the GOP isn't playing ball on anything, since they are in the pocket of scam for-profit colleges and behemoth student loan churners like Liberty University.

The solution would be requiring colleges to hold risk retention on 10% of the loans they originate so that students, colleges, and the US taxpayers have aligned incentives. Then make a requirement that participation in federal student loans requires a freeze on tuition and fees for 5 years, after which cost may increase in line with inflation.

The 5 years of budget tightening will drastically downsize the mid-level administrators, plus the bloated salaries for university presidents and major sports coaches.

Colleges are already rewarded or dinged on their cohort default rate. I’d argue that should be more severe.

I am pretty sure the colleges with the worst default rates are local community colleges (no admissions bar) and local regional/commuter public universities (very low admissions bar). If you try to force them to raise their admissions bar you're going to get viral cries of racism very, very quickly.

I don’t think true. Tuition at community colleges is often less than the Pell Grants so for many families, there’s no loan at all. There are also many institutional grants available snd many states offer free community college programs. Community colleges also house do many workforce training programs that a kid can transition to if they decide to leave a credit program.

You are wrong. Jill Biden's community college costs $23,000 per yr all-in. Pell Grant is only $640 to $6,400, if you even qualify for it. Millions of low and middle class community college alums have federal student loan debt. Most of them didn't even earn an associate's degree or credential.

About $18K of that is living expenses.

Most voters would be totally fine with forgiving $10-20K of student loan debt, but not expensive graduate degrees. The biggest problem with any proposal to forgive all student loan debt is that there's absolutely nothing happening for those kids that haven't started school at all. It's a terrible solution to wipe out debt for one group of people and then have another group accumulate debt a year later. And don't say Congress will fix it because that's obviously not happening.

Make community college free for two years for all or you can take the $10K that community college would have cost and apply it to an in-state public school. Provide extra supplements for transportation costs/food etc, to families who really need it, increase the Pell grant system, decrease interest rates for outstanding and new loans, and forgive $10-20K is a viable solution, but only if it's part of a package deal.

NOVA CC is $8,000/year in tuition alone.

I’m in MD and the community colleges here are around $5k. The tuition and fees I’m seeing online are $185 credit hour which works out to $5500 for 30 credits. If it’s really $8k for NOVA CC then that’s on VA or the school itself.

You do realize the average American doesn’t have a pot to piss in, right? What CC costs, where do you think the avg low or middle class kid comes up with $5,000 - 8,000 cash plus books, laptop, car insurance, gas, rent, food, health care? They do work-study and take out loans, ya nitwit.

The average American doesn’t need to be going to college.

Everyone who says this doesn’t mean THEIR kids, of course. You mean poor and minorities — the poor and minorities should be excluded from cozy do-nothing laptop class careers — they need to go blow their knees and back out digging ditches and delivering your groceries, or go die or get mangled in a fake neoliberal/neocon war. Right?

Reminds me of Mike Rowe from Dirty Jobs—he has a BA in a liberal arts subject and is very well-off.

[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:Pp your comment about boomers missss the larger issue. Before federal loans were so available, the cost to go was less. More federal loans and grants has only increased the cost for everyone because the new “zero” assumes you have gotten the loans. There shouldn’t be any more loans or forgiveness available until colleges and universities are forced to tighten their belts. If that doesn’t happen, all that will happen is tuition will continue to ride because the faucet if federal money will just keep flowing. College has been experiencing outpaced inflation for Decades because of the flow of federa money. We are now seeing the same issue across the economy broadly and we are upset. But the same economic forces (federal cash) have resulted in skyrocketing tuition. It wasn’t the intent but it is the outcome. And it needs to be stopped before any more money flows.

I agree that colleges should be held responsible and tighten their belts. But that would require a bipartisan solution and the GOP isn't playing ball on anything, since they are in the pocket of scam for-profit colleges and behemoth student loan churners like Liberty University.

The solution would be requiring colleges to hold risk retention on 10% of the loans they originate so that students, colleges, and the US taxpayers have aligned incentives. Then make a requirement that participation in federal student loans requires a freeze on tuition and fees for 5 years, after which cost may increase in line with inflation.

The 5 years of budget tightening will drastically downsize the mid-level administrators, plus the bloated salaries for university presidents and major sports coaches.

Colleges are already rewarded or dinged on their cohort default rate. I’d argue that should be more severe.

I am pretty sure the colleges with the worst default rates are local community colleges (no admissions bar) and local regional/commuter public universities (very low admissions bar). If you try to force them to raise their admissions bar you're going to get viral cries of racism very, very quickly.

I don’t think true. Tuition at community colleges is often less than the Pell Grants so for many families, there’s no loan at all. There are also many institutional grants available snd many states offer free community college programs. Community colleges also house do many workforce training programs that a kid can transition to if they decide to leave a credit program.

You are wrong. Jill Biden's community college costs $23,000 per yr all-in. Pell Grant is only $640 to $6,400, if you even qualify for it. Millions of low and middle class community college alums have federal student loan debt. Most of them didn't even earn an associate's degree or credential.

About $18K of that is living expenses.

Most voters would be totally fine with forgiving $10-20K of student loan debt, but not expensive graduate degrees. The biggest problem with any proposal to forgive all student loan debt is that there's absolutely nothing happening for those kids that haven't started school at all. It's a terrible solution to wipe out debt for one group of people and then have another group accumulate debt a year later. And don't say Congress will fix it because that's obviously not happening.

Make community college free for two years for all or you can take the $10K that community college would have cost and apply it to an in-state public school. Provide extra supplements for transportation costs/food etc, to families who really need it, increase the Pell grant system, decrease interest rates for outstanding and new loans, and forgive $10-20K is a viable solution, but only if it's part of a package deal.

NOVA CC is $8,000/year in tuition alone.

I’m in MD and the community colleges here are around $5k. The tuition and fees I’m seeing online are $185 credit hour which works out to $5500 for 30 credits. If it’s really $8k for NOVA CC then that’s on VA or the school itself.

You do realize the average American doesn’t have a pot to piss in, right? What CC costs, where do you think the avg low or middle class kid comes up with $5,000 - 8,000 cash plus books, laptop, car insurance, gas, rent, food, health care? They do work-study and take out loans, ya nitwit.

The average American doesn’t need to be going to college.

Um, what? Tell us what you really mean. Because it’s 2022 and life without a degree is suckish. And before you say “X% of people have no degree,” that same percentage can’t even come up with $500 in an emergency.

Smiled trades people make a great living.
Corporate America can train their workforce to do laptop work.
You aren’t getting the picture.

[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:Pp your comment about boomers missss the larger issue. Before federal loans were so available, the cost to go was less. More federal loans and grants has only increased the cost for everyone because the new “zero” assumes you have gotten the loans. There shouldn’t be any more loans or forgiveness available until colleges and universities are forced to tighten their belts. If that doesn’t happen, all that will happen is tuition will continue to ride because the faucet if federal money will just keep flowing. College has been experiencing outpaced inflation for Decades because of the flow of federa money. We are now seeing the same issue across the economy broadly and we are upset. But the same economic forces (federal cash) have resulted in skyrocketing tuition. It wasn’t the intent but it is the outcome. And it needs to be stopped before any more money flows.

I agree that colleges should be held responsible and tighten their belts. But that would require a bipartisan solution and the GOP isn't playing ball on anything, since they are in the pocket of scam for-profit colleges and behemoth student loan churners like Liberty University.

The solution would be requiring colleges to hold risk retention on 10% of the loans they originate so that students, colleges, and the US taxpayers have aligned incentives. Then make a requirement that participation in federal student loans requires a freeze on tuition and fees for 5 years, after which cost may increase in line with inflation.

The 5 years of budget tightening will drastically downsize the mid-level administrators, plus the bloated salaries for university presidents and major sports coaches.

Colleges are already rewarded or dinged on their cohort default rate. I’d argue that should be more severe.

I am pretty sure the colleges with the worst default rates are local community colleges (no admissions bar) and local regional/commuter public universities (very low admissions bar). If you try to force them to raise their admissions bar you're going to get viral cries of racism very, very quickly.

I don’t think true. Tuition at community colleges is often less than the Pell Grants so for many families, there’s no loan at all. There are also many institutional grants available snd many states offer free community college programs. Community colleges also house do many workforce training programs that a kid can transition to if they decide to leave a credit program.

You are wrong. Jill Biden's community college costs $23,000 per yr all-in. Pell Grant is only $640 to $6,400, if you even qualify for it. Millions of low and middle class community college alums have federal student loan debt. Most of them didn't even earn an associate's degree or credential.

About $18K of that is living expenses.

Most voters would be totally fine with forgiving $10-20K of student loan debt, but not expensive graduate degrees. The biggest problem with any proposal to forgive all student loan debt is that there's absolutely nothing happening for those kids that haven't started school at all. It's a terrible solution to wipe out debt for one group of people and then have another group accumulate debt a year later. And don't say Congress will fix it because that's obviously not happening.

Make community college free for two years for all or you can take the $10K that community college would have cost and apply it to an in-state public school. Provide extra supplements for transportation costs/food etc, to families who really need it, increase the Pell grant system, decrease interest rates for outstanding and new loans, and forgive $10-20K is a viable solution, but only if it's part of a package deal.

NOVA CC is $8,000/year in tuition alone.

I’m in MD and the community colleges here are around $5k. The tuition and fees I’m seeing online are $185 credit hour which works out to $5500 for 30 credits. If it’s really $8k for NOVA CC then that’s on VA or the school itself.

You do realize the average American doesn’t have a pot to piss in, right? What CC costs, where do you think the avg low or middle class kid comes up with $5,000 - 8,000 cash plus books, laptop, car insurance, gas, rent, food, health care? They do work-study and take out loans, ya nitwit.

The average American doesn’t need to be going to college.

Um, what? Tell us what you really mean. Because it’s 2022 and life without a degree is suckish. And before you say “X% of people have no degree,” that same percentage can’t even come up with $500 in an emergency.

Smiled trades people make a great living.
Corporate America can train their workforce to do laptop work.
You aren’t getting the picture.

*skilled trades

[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:Pp your comment about boomers missss the larger issue. Before federal loans were so available, the cost to go was less. More federal loans and grants has only increased the cost for everyone because the new “zero” assumes you have gotten the loans. There shouldn’t be any more loans or forgiveness available until colleges and universities are forced to tighten their belts. If that doesn’t happen, all that will happen is tuition will continue to ride because the faucet if federal money will just keep flowing. College has been experiencing outpaced inflation for Decades because of the flow of federa money. We are now seeing the same issue across the economy broadly and we are upset. But the same economic forces (federal cash) have resulted in skyrocketing tuition. It wasn’t the intent but it is the outcome. And it needs to be stopped before any more money flows.

I agree that colleges should be held responsible and tighten their belts. But that would require a bipartisan solution and the GOP isn't playing ball on anything, since they are in the pocket of scam for-profit colleges and behemoth student loan churners like Liberty University.

The solution would be requiring colleges to hold risk retention on 10% of the loans they originate so that students, colleges, and the US taxpayers have aligned incentives. Then make a requirement that participation in federal student loans requires a freeze on tuition and fees for 5 years, after which cost may increase in line with inflation.

The 5 years of budget tightening will drastically downsize the mid-level administrators, plus the bloated salaries for university presidents and major sports coaches.

Colleges are already rewarded or dinged on their cohort default rate. I’d argue that should be more severe.

I am pretty sure the colleges with the worst default rates are local community colleges (no admissions bar) and local regional/commuter public universities (very low admissions bar). If you try to force them to raise their admissions bar you're going to get viral cries of racism very, very quickly.

I don’t think true. Tuition at community colleges is often less than the Pell Grants so for many families, there’s no loan at all. There are also many institutional grants available snd many states offer free community college programs. Community colleges also house do many workforce training programs that a kid can transition to if they decide to leave a credit program.

You are wrong. Jill Biden's community college costs $23,000 per yr all-in. Pell Grant is only $640 to $6,400, if you even qualify for it. Millions of low and middle class community college alums have federal student loan debt. Most of them didn't even earn an associate's degree or credential.

About $18K of that is living expenses.

Most voters would be totally fine with forgiving $10-20K of student loan debt, but not expensive graduate degrees. The biggest problem with any proposal to forgive all student loan debt is that there's absolutely nothing happening for those kids that haven't started school at all. It's a terrible solution to wipe out debt for one group of people and then have another group accumulate debt a year later. And don't say Congress will fix it because that's obviously not happening.

Make community college free for two years for all or you can take the $10K that community college would have cost and apply it to an in-state public school. Provide extra supplements for transportation costs/food etc, to families who really need it, increase the Pell grant system, decrease interest rates for outstanding and new loans, and forgive $10-20K is a viable solution, but only if it's part of a package deal.

NOVA CC is $8,000/year in tuition alone.

I’m in MD and the community colleges here are around $5k. The tuition and fees I’m seeing online are $185 credit hour which works out to $5500 for 30 credits. If it’s really $8k for NOVA CC then that’s on VA or the school itself.

You do realize the average American doesn’t have a pot to piss in, right? What CC costs, where do you think the avg low or middle class kid comes up with $5,000 - 8,000 cash plus books, laptop, car insurance, gas, rent, food, health care? They do work-study and take out loans, ya nitwit.

The average American doesn’t need to be going to college.

Um, what? Tell us what you really mean. Because it’s 2022 and life without a degree is suckish. And before you say “X% of people have no degree,” that same percentage can’t even come up with $500 in an emergency.

Smiled trades people make a great living.
Corporate America can train their workforce to do laptop work.
You aren’t getting the picture.

Yeah I am. Go have your kid be a “trades person” if it’s so great. You won’t because you know it’s an inferior lifestyle (physically and financially) in every way.

When a Fox News pundit or CPAC speaker puts their child in a trade school instead of college I’ll listen