Student loan forgiveness given new life

[Anonymous]

Anonymous wrote:Perhaps people are getting too emotional here
Young persons are supposed to go to college, all young people, not just the ones with a rich daddy


There is no other way forward for the nation. A new century is on your doorstep

That is the very mindset that got us where we are today. Not everyone needs to go to college. Not all occupations require a college degree. There are many jobs that pay quite a good income with no college needed.

And, many businesses are beginning to reconsider their education requirements.

https://www.cnbc.com/2022/04/25/companies-eliminate-college-degree-requirement-to-draw-needed-workers.html
https://www.wsj.com/articles/employers-rethink-need-for-college-degrees-in-tight-labor-market-11669432133

[Anonymous]

Anonymous wrote:

Anonymous wrote:Perhaps people are getting too emotional here
Young persons are supposed to go to college, all young people, not just the ones with a rich daddy


There is no other way forward for the nation. A new century is on your doorstep

No other way besides loans or a rich daddy? How about a part time job at Starbucks? They can earn money while working part time and get 100% tuition paid for. Let me guess- your kid doesn’t want to attend Arizona online or work part time. https://www.starbucks.com/careers/working-at-starbucks/education/

There are always other options besides taking out loans.

Actually, for most, there aren't too many other options besides taking out loans to supplement part-time work and college savings. College tuition is ridiculously high in this country as compared to most other countries in the world.

America spends more on college than virtually any other country
https://www.forbes.com/sites/prestoncooper2/2019/09/22/america-spends-more-on-college-than-virtually-any-other-country/?sh=777585843348

[Anonymous]

Anonymous wrote:

Anonymous wrote:Perhaps people are getting too emotional here
Young persons are supposed to go to college, all young people, not just the ones with a rich daddy


There is no other way forward for the nation. A new century is on your doorstep

No other way besides loans or a rich daddy? How about a part time job at Starbucks? They can earn money while working part time and get 100% tuition paid for. Let me guess- your kid doesn’t want to attend Arizona online or work part time. https://www.starbucks.com/careers/working-at-starbucks/education/

There are always other options besides taking out loans.

So your proposal is everyone work at Starbucks and attend Arizona online? Part-time work itself won't pay for even a fraction of a semester at most colleges.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Perhaps people are getting too emotional here
Young persons are supposed to go to college, all young people, not just the ones with a rich daddy


There is no other way forward for the nation. A new century is on your doorstep

No other way besides loans or a rich daddy? How about a part time job at Starbucks? They can earn money while working part time and get 100% tuition paid for. Let me guess- your kid doesn’t want to attend Arizona online or work part time. https://www.starbucks.com/careers/working-at-starbucks/education/

There are always other options besides taking out loans.

So your proposal is everyone work at Starbucks and attend Arizona online? Part-time work itself won't pay for even a fraction of a semester at most colleges.

Exactly, PP. I worked 20hrs/wk during college back in the 80s and that was just for food, books, and general living expenses. The PP you're responding to would have been proud of my work ethic and frugality, but the reality is my PT income wouldn't even have made a dent in my tuition bill, even in the 80s.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Perhaps people are getting too emotional here
Young persons are supposed to go to college, all young people, not just the ones with a rich daddy


There is no other way forward for the nation. A new century is on your doorstep

No other way besides loans or a rich daddy? How about a part time job at Starbucks? They can earn money while working part time and get 100% tuition paid for. Let me guess- your kid doesn’t want to attend Arizona online or work part time. https://www.starbucks.com/careers/working-at-starbucks/education/

There are always other options besides taking out loans.

So your proposal is everyone work at Starbucks and attend Arizona online? Part-time work itself won't pay for even a fraction of a semester at most colleges.

Did you click on the link? If you work even part time, after approximately 3 months a benefit of employment is they cover 100% of tuition for a first time bachelor’s degree. This is in addition to the pay. Yeah, that’s my solution for those who can’t afford anything else. At least apply and try to get a job there. I know people who have and it’s real. They pay tuition.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The GOP never should have signed onto this nonsensical student loan system we have. Loans should be made by private institutions and eligible for discharge in bankruptcy. Then students would be unable to borrow huge sums for worthless degrees, and colleges would be forced to charge less or shut down entirely.

I have no problem with eliminating loans for people who have paid for 20-25 years. No one should be repaying these loans forever.

You have Obama to thank for our current loan system.

https://www.investors.com/politics/editorials/obama-created-student-loan-crisis-with-1-trillion-in-loans/

And, Republicans were unanimously opposed to the bill:
https://www.nytimes.com/2010/03/26/us/politics/26loans.html

Oh, JFC,
Anyone who has paid 240 (20 years) or 300 (25 years) of SL payments was in college prior to 2003 or 1998.

And since Obama was elected in,
Um, scratches head …. 2008.
Well, Obama had nothing to do with this, but please, continue with the false finger pointing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Perhaps people are getting too emotional here
Young persons are supposed to go to college, all young people, not just the ones with a rich daddy


There is no other way forward for the nation. A new century is on your doorstep

That is the very mindset that got us where we are today. Not everyone needs to go to college. Not all occupations require a college degree. There are many jobs that pay quite a good income with no college needed.

And, many businesses are beginning to reconsider their education requirements.

https://www.cnbc.com/2022/04/25/companies-eliminate-college-degree-requirement-to-draw-needed-workers.html
https://www.wsj.com/articles/employers-rethink-need-for-college-degrees-in-tight-labor-market-11669432133

If I want to make real money, I need a college degree. If I want to be a home owner and live comfortably that requires a college education. I don’t want to live paycheck to paycheck in a crappy living situation. Life is very expensive. A college degree offers more stability, less risk of unemployment, less risk of downward mobility and financial stress. Yes, everyone doesn’t need a college degree but if you want a more economically stable life, it’s necessary.

[Anonymous]

To the poster who has been faithfully paying for the past 20+ years, how much did you originally borrow? What is your loan balance now?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Perhaps people are getting too emotional here
Young persons are supposed to go to college, all young people, not just the ones with a rich daddy


There is no other way forward for the nation. A new century is on your doorstep

That is the very mindset that got us where we are today. Not everyone needs to go to college. Not all occupations require a college degree. There are many jobs that pay quite a good income with no college needed.

And, many businesses are beginning to reconsider their education requirements.

https://www.cnbc.com/2022/04/25/companies-eliminate-college-degree-requirement-to-draw-needed-workers.html
https://www.wsj.com/articles/employers-rethink-need-for-college-degrees-in-tight-labor-market-11669432133

If I want to make real money, I need a college degree. If I want to be a home owner and live comfortably that requires a college education. I don’t want to live paycheck to paycheck in a crappy living situation. Life is very expensive. A college degree offers more stability, less risk of unemployment, less risk of downward mobility and financial stress. Yes, everyone doesn’t need a college degree but if you want a more economically stable life, it’s necessary.

There are millions of homeowners who don't have college degrees.
They also don't have college debt.

[Anonymous]

$39 billion, my A$$

[Anonymous]

Loan forgiveness is going to continue driving college tuition up. I do not see this as a win. Why should colleges stop increases when the government will co to us to give a lot of free money away? There is no incentive to hold down costs or even improve the quality of education.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Perhaps people are getting too emotional here
Young persons are supposed to go to college, all young people, not just the ones with a rich daddy


There is no other way forward for the nation. A new century is on your doorstep

That is the very mindset that got us where we are today. Not everyone needs to go to college. Not all occupations require a college degree. There are many jobs that pay quite a good income with no college needed.

And, many businesses are beginning to reconsider their education requirements.

https://www.cnbc.com/2022/04/25/companies-eliminate-college-degree-requirement-to-draw-needed-workers.html
https://www.wsj.com/articles/employers-rethink-need-for-college-degrees-in-tight-labor-market-11669432133

If I want to make real money, I need a college degree. If I want to be a home owner and live comfortably that requires a college education. I don’t want to live paycheck to paycheck in a crappy living situation. Life is very expensive. A college degree offers more stability, less risk of unemployment, less risk of downward mobility and financial stress. Yes, everyone doesn’t need a college degree but if you want a more economically stable life, it’s necessary.

You are assuming that everyone with college debt received a degree.

[Anonymous]

Anonymous wrote:Loan forgiveness is going to continue driving college tuition up. I do not see this as a win. Why should colleges stop increases when the government will co to us to give a lot of free money away? There is no incentive to hold down costs or even improve the quality of education.

If that's why Republicans oppose loan forgiveness then why aren't they lobbying to drive tuition down, as opposed to sticking it to people still trying to get degrees?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Perhaps people are getting too emotional here
Young persons are supposed to go to college, all young people, not just the ones with a rich daddy


There is no other way forward for the nation. A new century is on your doorstep

That is the very mindset that got us where we are today. Not everyone needs to go to college. Not all occupations require a college degree. There are many jobs that pay quite a good income with no college needed.

And, many businesses are beginning to reconsider their education requirements.

https://www.cnbc.com/2022/04/25/companies-eliminate-college-degree-requirement-to-draw-needed-workers.html
https://www.wsj.com/articles/employers-rethink-need-for-college-degrees-in-tight-labor-market-11669432133

If I want to make real money, I need a college degree. If I want to be a home owner and live comfortably that requires a college education. I don’t want to live paycheck to paycheck in a crappy living situation. Life is very expensive. A college degree offers more stability, less risk of unemployment, less risk of downward mobility and financial stress. Yes, everyone doesn’t need a college degree but if you want a more economically stable life, it’s necessary.

You are assuming that everyone with college debt received a degree.

People borrow money to go to trade school to get their CDL to be a truck driver, to become a phlebotomist, to become an electronics technician, to become a diesel mechanic or HVAC technician, there are lots of things where it's not a 4 year degree but a 2 year degree or certificate program is expected if you want that job. We have an affordability problem with ALL higher education, and burdening people trying to start a life with excessive loans is just extra salt in the wound all around. And it's a disgrace that Republicans are apparently FINE with ALL of this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Perhaps people are getting too emotional here
Young persons are supposed to go to college, all young people, not just the ones with a rich daddy


There is no other way forward for the nation. A new century is on your doorstep

That is the very mindset that got us where we are today. Not everyone needs to go to college. Not all occupations require a college degree. There are many jobs that pay quite a good income with no college needed.

And, many businesses are beginning to reconsider their education requirements.

https://www.cnbc.com/2022/04/25/companies-eliminate-college-degree-requirement-to-draw-needed-workers.html
https://www.wsj.com/articles/employers-rethink-need-for-college-degrees-in-tight-labor-market-11669432133

If I want to make real money, I need a college degree. If I want to be a home owner and live comfortably that requires a college education. I don’t want to live paycheck to paycheck in a crappy living situation. Life is very expensive. A college degree offers more stability, less risk of unemployment, less risk of downward mobility and financial stress. Yes, everyone doesn’t need a college degree but if you want a more economically stable life, it’s necessary.

You are assuming that everyone with college debt received a degree.

Really? I don’t see where I say that above. It discusses the benefits of a degree and what I want. But thank you for trying to put words in my mouth.

No sh** that not everyone who goes to college graduates. Many people have problems with follow through.