Why is Biden extending the student loan repayment pause?

[Anonymous]

Predatory loans are not the only answer for the kids who want to go to college.

Starbucks was offering tuition assistance in the past - do they still have that program?

Amazon recently announced tuition assistance for their employees.

There are other employers out there who offer tuition assistance.

Let kids who don't get help from their parents do it the old fashioned way - by their bootstraps. Nothing wrong with that, and they get a sense of accomplishment that nobody will ever be able to steal away from them. It won't be easy, but it can be done. These kids will have proven they have initiative and stick-to-it determination.

There are many (legal) ways to acquire a college degree. Help kids figure it out, if the bank of mom and dad isn't possible.

No need to attack the parents who have the funds or the taxpayers who don't want to cover your loans. Figure it out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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

You don’t get it. College has become gatekeeping. It isn’t needed. Corporate America has pushed the financial investment of their work force back onto the worker. Making college essential for entry level.
College isn’t needed for 90% of jobs. Get the free flowing money out of the system.
The price of upper Ed will come down.

[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.

Maybe you should define what you mean by avg low or middle-class kid since this is DCUM.

The median household income in VA is $76,000 (American Community Survey 2020). For families, 45 to 65 years old (so likely to have a college-aged child) the median household income in VA is $93K.
A three-person family with a single earner and 60,000 adjusted gross income with one child in college is eligible for $1500 in Pell Grants, $1800 in work study, and $5500 in direct loans. Why are you assuming that all eighteen-year-olds need to pay rent? Why can they not live at home?

Raise the Pell Grants. Make more families eligible. Make community college free for 2-3 years including workforce training programs.
The Maryland Promise scholarship applies to any family making less than $150K AGI (two-parent household) or $100K (single-parent household). Community college is currently free to eligible students in 47 states.
Virginia has the G3 program which covers tuition for families that are below $100K.

I've helped many, many lower-income students fill out FAFSA which is why I would advocate for increasing Pell Grants and raising in income threshold rather than canceling student debt. The people I know that are most vocal about total loan forgiveness are white, upper-middle-class families with graduate and law degrees that want their own loans canceled. They are also dropping $700+K on a house.

[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.

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.

Mike Rowe is a hack multi-millionaire actor astroturfed by Tucker Carlson, who is also a multi-millionaire actor, who sent his own kids to boarding school, then prestigious UVA, and they now work laptop class do-nothing careers. But Carlson gets on TV for $20M a yr and tells the nitwits who watch his boring show to have their pleb class kids skip college and go trade school or become a truck driver. Not only will these millionaires never have their own lazy kids pursue such low class work, they'd never let a bloke who did work such a job get anywhere near their country club daughters.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

Mike Rowe is a hack multi-millionaire actor astroturfed by Tucker Carlson, who is also a multi-millionaire actor, who sent his own kids to boarding school, then prestigious UVA, and they now work laptop class do-nothing careers. But Carlson gets on TV for $20M a yr and tells the nitwits who watch his boring show to have their pleb class kids skip college and go trade school or become a truck driver. Not only will these millionaires never have their own lazy kids pursue such low class work, they'd never let a bloke who did work such a job get anywhere near their country club daughters.

That chip on your shoulder will make it hard for you to advocate for meaningful change.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

Mike Rowe is a hack multi-millionaire actor astroturfed by Tucker Carlson, who is also a multi-millionaire actor, who sent his own kids to boarding school, then prestigious UVA, and they now work laptop class do-nothing careers. But Carlson gets on TV for $20M a yr and tells the nitwits who watch his boring show to have their pleb class kids skip college and go trade school or become a truck driver. Not only will these millionaires never have their own lazy kids pursue such low class work, they'd never let a bloke who did work such a job get anywhere near their country club daughters.

PP here who wrote the comment you’re replying to. I am in complete agreement with you!

[Anonymous]

Anonymous wrote:
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

Ben Shapiro... Harvard Law School. Michael Knowles... Yale. Tucker Carlson and Jesse Watters... Trinity College. Clay Travis... Vanderbilt. Buck Sexton... Amherst.

These are some of the top right wing figures against student loan forgiveness. lol

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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

You don’t get it. College has become gatekeeping. It isn’t needed. Corporate America has pushed the financial investment of their work force back onto the worker. Making college essential for entry level.
College isn’t needed for 90% of jobs. Get the free flowing money out of the system.
The price of upper Ed will come down.

It would be nice if it were free money instead of high interest loans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
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

Ben Shapiro... Harvard Law School. Michael Knowles... Yale. Tucker Carlson and Jesse Watters... Trinity College. Clay Travis... Vanderbilt. Buck Sexton... Amherst.

These are some of the top right wing figures against student loan forgiveness. lol

Also, Christopher Rufo (anti CRT warrior) went to Georgetown

[Anonymous]

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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

You don’t get it. College has become gatekeeping. It isn’t needed. Corporate America has pushed the financial investment of their work force back onto the worker. Making college essential for entry level.
College isn’t needed for 90% of jobs. Get the free flowing money out of the system.
The price of upper Ed will come down.

It would be nice if it were free money instead of high interest loans.

It’s free for the universities. Honestly people.

[Anonymous]

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Anonymous wrote:
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

Ben Shapiro... Harvard Law School. Michael Knowles... Yale. Tucker Carlson and Jesse Watters... Trinity College. Clay Travis... Vanderbilt. Buck Sexton... Amherst.

These are some of the top right wing figures against student loan forgiveness. lol

Also, Christopher Rufo (anti CRT warrior) went to Georgetown

Ann Coulter… Cornell BA and Michigan JD. CPAC’s Matt and Mercedes Schlapp, Notre Dame and GW, both with master’s degrees.

And of course Candace Owens dropped out to become a grifter and Charlie Kirk never went. If only every kid in America could get right wing oligarch money for nothing.

[Anonymous]

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Anonymous wrote:
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

Ben Shapiro... Harvard Law School. Michael Knowles... Yale. Tucker Carlson and Jesse Watters... Trinity College. Clay Travis... Vanderbilt. Buck Sexton... Amherst.

These are some of the top right wing figures against student loan forgiveness. lol

Most vocal politicians against it include right wing hacks Hawley, Tom Cotton and Ted Cruz — all Ivy League elitists.

[Anonymous]

So we now have laptop class right wing think tank associates larping as tradies on a Beltway parenting forum during working hours? Are you posting from your F-150’s wi-fi? Try to sinker lower, you right wing dimwits.

[Anonymous]

Anonymous wrote:So we now have laptop class right wing think tank associates larping as tradies on a Beltway parenting forum during working hours? Are you posting from your F-150’s wi-fi? Try to sinker lower, you right wing dimwits.

🙄 when you have no argument…

[Anonymous]

Anonymous wrote:

Anonymous wrote:So we now have laptop class right wing think tank associates larping as tradies on a Beltway parenting forum during working hours? Are you posting from your F-150’s wi-fi? Try to sinker lower, you right wing dimwits.

🙄 when you have no argument…

Bitter that someone nailed your very authentic online persona?