What is going on with student loans?

[Anonymous]

"The whole thing is predatory. The whole requiring a degree for stuff anyone can be trained to do is something we should also address. You require a degree for a job? It needs to pay at least $X per year."

Great idea! Let's raise salaries for teachers, caregivers to the elderly and little kids too young for school, social workers, and everyone else who is underpaid given the training and hard work involved in their job.

[Anonymous]

Anonymous wrote:I am now a Republican.

Buh bye!

[Anonymous]

Do people really not realize this will benefit everyone? I paid off $100k of student loans (yes I made bad decisions, yes I came from a family who didn’t go to college, yes, I had to work three jobs well into my thirties to pay that off).

This helps everyone- it will stimulate the economy. This is a good thing.

I agree we need college tuition reform, desperately.

[Anonymous]

I appreciate that he is beefing up the income based repayment plan so that undergrad loans are much more manageable. I do feel that people complaining this is not enough, or that it's a one time fix, have been proven wrong. This is going to make things a lot better for a lot of people.

[Anonymous]

Anonymous wrote:Do people really not realize this will benefit everyone? I paid off $100k of student loans (yes I made bad decisions, yes I came from a family who didn’t go to college, yes, I had to work three jobs well into my thirties to pay that off).

This helps everyone- it will stimulate the economy. This is a good thing.

I agree we need college tuition reform, desperately.

How - exactly - will this benefit families like mine, who have scrimped and saved for years in order to pay our kids’ tuitions? Will we be seeing reimbursement for all the money we’ve worked hard for and shelled out to colleges? No? Didn’t think so. GTFO with your “benefits everyone” nonsense.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do people really not realize this will benefit everyone? I paid off $100k of student loans (yes I made bad decisions, yes I came from a family who didn’t go to college, yes, I had to work three jobs well into my thirties to pay that off).

This helps everyone- it will stimulate the economy. This is a good thing.

I agree we need college tuition reform, desperately.

How - exactly - will this benefit families like mine, who have scrimped and saved for years in order to pay our kids’ tuitions? Will we be seeing reimbursement for all the money we’ve worked hard for and shelled out to colleges? No? Didn’t think so. GTFO with your “benefits everyone” nonsense.

AGAIN IF YOU CAN SCRIMP AND SAVE TO PAY CASH FOR YOUR (MULTIPLE!!!!!!!) KIDS TUITION THEN YOU ARE PRIVILEGED BEYOND 90% OF THE WORLD. Kids dont choose their parents. I hope you count your blessings every day.

[Anonymous]

Bs give away does nothing to address underlying costs, and proclivity of kids to borrow to obtain low value degrees.

Idiocy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Do people really not realize this will benefit everyone? I paid off $100k of student loans (yes I made bad decisions, yes I came from a family who didn’t go to college, yes, I had to work three jobs well into my thirties to pay that off).

This helps everyone- it will stimulate the economy. This is a good thing.

I agree we need college tuition reform, desperately.

How - exactly - will this benefit families like mine, who have scrimped and saved for years in order to pay our kids’ tuitions? Will we be seeing reimbursement for all the money we’ve worked hard for and shelled out to colleges? No? Didn’t think so. GTFO with your “benefits everyone” nonsense.

DP My parents were extremely financially responsible, saved a ton, lived below their means, and they could not afford to pay my tuition back in 2002. Fortunately, I got a merit scholarship, and it was fine. I did have to take out loans for grad school but that got me a good job with a good salary.

The ability to save enough for college is a privilege you should be grateful for, not bitter about. I honestly don't even buy that you are genuinely upset, you know very well that $10k is not that much and that the people struggling to pay that back are really struggling.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do people really not realize this will benefit everyone? I paid off $100k of student loans (yes I made bad decisions, yes I came from a family who didn’t go to college, yes, I had to work three jobs well into my thirties to pay that off).

This helps everyone- it will stimulate the economy. This is a good thing.

I agree we need college tuition reform, desperately.

How - exactly - will this benefit families like mine, who have scrimped and saved for years in order to pay our kids’ tuitions? Will we be seeing reimbursement for all the money we’ve worked hard for and shelled out to colleges? No? Didn’t think so. GTFO with your “benefits everyone” nonsense.

AGAIN IF YOU CAN SCRIMP AND SAVE TO PAY CASH FOR YOUR (MULTIPLE!!!!!!!) KIDS TUITION THEN YOU ARE PRIVILEGED BEYOND 90% OF THE WORLD. Kids dont choose their parents. I hope you count your blessings every day.

+1000!!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do people really not realize this will benefit everyone? I paid off $100k of student loans (yes I made bad decisions, yes I came from a family who didn’t go to college, yes, I had to work three jobs well into my thirties to pay that off).

This helps everyone- it will stimulate the economy. This is a good thing.

I agree we need college tuition reform, desperately.

How - exactly - will this benefit families like mine, who have scrimped and saved for years in order to pay our kids’ tuitions? Will we be seeing reimbursement for all the money we’ve worked hard for and shelled out to colleges? No? Didn’t think so. GTFO with your “benefits everyone” nonsense.

DP My parents were extremely financially responsible, saved a ton, lived below their means, and they could not afford to pay my tuition back in 2002. Fortunately, I got a merit scholarship, and it was fine. I did have to take out loans for grad school but that got me a good job with a good salary.

The ability to save enough for college is a privilege you should be grateful for, not bitter about. I honestly don't even buy that you are genuinely upset, you know very well that $10k is not that much and that the people struggling to pay that back are really struggling.

DP- It’s fine that they are repaying loans…. But WHAT NOW? Tuition costs are bloated because administrative costs have swelled. Administrators put pressure on professors to inflate grades and reduce demands so the end outcomes are kids who partied for 4 years and learned little. They aren’t actually that much more desirable to employers.

So we now just continue to subsidize this system? Tell non-college graduates to help foot the bill for kids to go party for 4 years. Things need to change and this cannot become the new norm.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do people really not realize this will benefit everyone? I paid off $100k of student loans (yes I made bad decisions, yes I came from a family who didn’t go to college, yes, I had to work three jobs well into my thirties to pay that off).

This helps everyone- it will stimulate the economy. This is a good thing.

I agree we need college tuition reform, desperately.

How - exactly - will this benefit families like mine, who have scrimped and saved for years in order to pay our kids’ tuitions? Will we be seeing reimbursement for all the money we’ve worked hard for and shelled out to colleges? No? Didn’t think so. GTFO with your “benefits everyone” nonsense.

DP My parents were extremely financially responsible, saved a ton, lived below their means, and they could not afford to pay my tuition back in 2002. Fortunately, I got a merit scholarship, and it was fine. I did have to take out loans for grad school but that got me a good job with a good salary.

The ability to save enough for college is a privilege you should be grateful for, not bitter about. I honestly don't even buy that you are genuinely upset, you know very well that $10k is not that much and that the people struggling to pay that back are really struggling.

DP- It’s fine that they are repaying loans…. But WHAT NOW? Tuition costs are bloated because administrative costs have swelled. Administrators put pressure on professors to inflate grades and reduce demands so the end outcomes are kids who partied for 4 years and learned little. They aren’t actually that much more desirable to employers.

So we now just continue to subsidize this system? Tell non-college graduates to help foot the bill for kids to go party for 4 years. Things need to change and this cannot become the new norm.

As has already been stated, 70% of federal income taxes come from individuals earning six figures. They will be fine. We have a progressive tax system for a reason.

It used to be you could get a good job without a college degree, which is why a lot of older folks don't have one. These days that is not the case. Those that were able to get good jobs without college are also privileged in a way.

[Anonymous]

Ah, but they do get *something.*

They get higher inflation, higher tuition for their kids, and they have the added benefit of their taxes paying for the loans that they didn't take.

[Anonymous]

[Anonymous]

[Anonymous]

A Democrat.....