Anonymous wrote:The funds to loan people money for college tuition, books, and spring break trips come from investors who are buying student loan asset backed securities (slab) If you pay off some of these loans early, there is less interest going to investors, creating prepayment risk. The result is that investors are less willing to buy future slabs, forcing the interest rates to increase on future generations to incentive sufficient investment for new borrowers.

TLDR: todays student loan forgiveness increase the interest rates for tomorrows borrowers

Recovering bond trader here. This is spot on. Everyone calling for blanket student loan forgiveness is really advocating for screwing future generations of borrowers.

Anonymous wrote:The Dems had ample opportunity to do it properly when they controlled the entire government from 2020-2022.

The Dems scammed their voters, again. Wake up, suckers

They didn't have the votes to break the filibuster, moron. They didn't have Manchin or Sinema on board either. So, pray tell, how exactly were they supposed to do this?

The Dems had ample opportunity to do it properly when they controlled the entire government from 2020-2022.

The Dems scammed their voters, again. Wake up, suckers

The funds to loan people money for college tuition, books, and spring break trips come from investors who are buying student loan asset backed securities (slab) If you pay off some of these loans early, there is less interest going to investors, creating prepayment risk. The result is that investors are less willing to buy future slabs, forcing the interest rates to increase on future generations to incentive sufficient investment for new borrowers.

TLDR: todays student loan forgiveness increase the interest rates for tomorrows borrowers

Anonymous wrote:Remind me to never go to Nebraska, Missouri, Iowa and the other states who brought these BS suits. Oh yeah, who the he!! goes to any of those places anyway?

I REALLY feel sorry for you. You are a horrible person. There are people in the Midwest that care about their neighbors and actually work together for solutions to their problems. It's not an R or D thing. They help out each other regardless of a political belief so that they can survive and make a little money to eek out there very modest lifestyle. You, on the other hand, have never been to the states you mentioned. You must be a privaleged person that grew up on the East Coast and has never travelled to the Midwest.

My parents were farmers from "fly over" country. My dad knew he (nor his parents) could not afford college and didn't attend. However, they took out loans to buy cattle, pigs and chickens. They also took out loans to buy seed to grow corn and soybeans. They also took loans to buy the tractors to keep the operation running. They always paid back their loans and were very proud of it.

Please tell me why their loans should not be forgiven, but yet many are asking my parents to pay for loan forgiveness for those that went to college? It is insane!

You took the loan and signed your name on the paperwork to promise that you would repay the loan. Pay your bill! Why is this an issue?

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Anonymous wrote:Common damn sense. You take out debt, sign a contract agreeing to pay, therefore you pay when the bill comes due. Not sure why this common sense idea needed to go all the way to the SC. No one owes you for taking out debt due to your own free will. The govt can't block lenders from receiving payments in accordance with an agreed upon contract.

Pay your damn bills.

I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors.

Take your concerns up with Obama. That all started under his "genius" plan.

Interesting…. because I went to grad school when Bush was president so, I’m not sure what Obama started that impacts me here.

Did you take a private loan?

There was a small portion that was private and those were quickly paid off. The overwhelming majority of my loans were FFELP which if they were still intact would have been already removed from forgiveness last fall.

I’m just pointing out that this pay for what you owe bullsh*t argument ignored compounding annual interest that turned my loan into an 80% interest rate instead of 6.25% I signed on for.

It looks like you paid $200 a month for your $25k loan and are surprised by the total interest. Or perhaps you waited 4 years and then paid $300 a month for about 12 years.

You’re in the ballpark, the monthly payment balance difference is de minimus. I wasn’t surprised. I never said the amount was difficult. They are, and have been, paid and I wasn’t benefiting from any forgiveness.

My point was to the initial poster who said “you pay when the bill comes due”. I did pay my entire loan, plus another $20k. Again, loans backed by the federal government should not be a revenue generator. And so have many people that borrowed a whole lot more than me and have been paying for years and their balances today are higher than their original principal at graduation (or worse when they dropped out and received no corresponding pay increase from their degree).

Hey my crap, there are interest on loans!!!!!


Omg, keep crying. Imagine getting to adulthood and thinking you deserve 0% interest loans for any debt you take out.

Jesus Christ, it is scary people like you are out there and can vote.

JFC, you have reading comprehension problems. No one ever said 0% interest loans.

It’s scary people who can’t understand and extract information from what they read, like you, can vote, but it sure explains a lot about the last decade.

Keep crying.

Pay your own damn bills with interest.

And don't whine about basic finance 101.

How does anyone get to adulthood and suck with this much with money and understanding obligations owed when one takes out debt?

So much whining about being an adult. Grow up.

PP was discussing why student loans shouldn’t have interest. Are you going to engage with that or not? Explain why they should.

Or just spew insults. It’s real gonna convince other people that you have a good point.

Because lending people money costs money.

If I have 100 bucks and put it in a bank, I will make interest. Or I could use it to start a business or anything else that creates money.

If I give it to you, and you pay me back 4 years later, I will lose both the money that I could have made, and the original value due to inflation.

Why does this not apply when the money is used on your education?

Why does the government need to make money off of educating people?

The govt is not a charity. They gave you loans no one else would to get you an education. The govt gets its money back plus a tiny amount of profit used to give more problem loans and to pay all the people running it. The govt also loses money when inflation is higher than the interest rate on your loan. It means you are paying negative interest of inflation is high and you happen to be locked into a lower rate loan.

No one owes you free money to borrow, lol. Absolutely delusional.

Boy, they certainly run as a charity to the top 1%.

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Anonymous wrote:Common damn sense. You take out debt, sign a contract agreeing to pay, therefore you pay when the bill comes due. Not sure why this common sense idea needed to go all the way to the SC. No one owes you for taking out debt due to your own free will. The govt can't block lenders from receiving payments in accordance with an agreed upon contract.

Pay your damn bills.

I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors.

Take your concerns up with Obama. That all started under his "genius" plan.

Interesting…. because I went to grad school when Bush was president so, I’m not sure what Obama started that impacts me here.

Did you take a private loan?

There was a small portion that was private and those were quickly paid off. The overwhelming majority of my loans were FFELP which if they were still intact would have been already removed from forgiveness last fall.

I’m just pointing out that this pay for what you owe bullsh*t argument ignored compounding annual interest that turned my loan into an 80% interest rate instead of 6.25% I signed on for.

It looks like you paid $200 a month for your $25k loan and are surprised by the total interest. Or perhaps you waited 4 years and then paid $300 a month for about 12 years.

You’re in the ballpark, the monthly payment balance difference is de minimus. I wasn’t surprised. I never said the amount was difficult. They are, and have been, paid and I wasn’t benefiting from any forgiveness.

My point was to the initial poster who said “you pay when the bill comes due”. I did pay my entire loan, plus another $20k. Again, loans backed by the federal government should not be a revenue generator. And so have many people that borrowed a whole lot more than me and have been paying for years and their balances today are higher than their original principal at graduation (or worse when they dropped out and received no corresponding pay increase from their degree).

Hey my crap, there are interest on loans!!!!!


Omg, keep crying. Imagine getting to adulthood and thinking you deserve 0% interest loans for any debt you take out.

Jesus Christ, it is scary people like you are out there and can vote.

JFC, you have reading comprehension problems. No one ever said 0% interest loans.

It’s scary people who can’t understand and extract information from what they read, like you, can vote, but it sure explains a lot about the last decade.

Keep crying.

Pay your own damn bills with interest.

And don't whine about basic finance 101.

How does anyone get to adulthood and suck with this much with money and understanding obligations owed when one takes out debt?

So much whining about being an adult. Grow up.

PP was discussing why student loans shouldn’t have interest. Are you going to engage with that or not? Explain why they should.

Or just spew insults. It’s real gonna convince other people that you have a good point.

Jesus you really are dense. Since time immemorial interest has been charged on borrow money. If you don’t charge interest, why would anyone be incentivized to lend you money. Duh. This is like 4th grade economics that adults in this thread shockingly have failed at. A dollar 10 years from now is not worth the same as a dollar today. If someone gives you a dollar today and gives you ten years to pay it back, the lender will only be incentivized to lend money to you in the first place if they get their money back AND compensation for the time value it costs AND a little bit of profit for taking some risk. Try seeing how well societies and economies would function if zero percent interest were put onto loans. The entire economy would collapse as liquidity for lending would dry up. No one is incentivized to lend money anymore. The country would collapse. Interest rates have very good purpose. Even a 4th grader understands it.

Your last sentence says it all. These students and grads do not understand. Possibly some of them honestly should not have been admitted to college. Would have done better to graduate from a vocational/tech school.

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Anonymous wrote:Common damn sense. You take out debt, sign a contract agreeing to pay, therefore you pay when the bill comes due. Not sure why this common sense idea needed to go all the way to the SC. No one owes you for taking out debt due to your own free will. The govt can't block lenders from receiving payments in accordance with an agreed upon contract.

Pay your damn bills.

I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors.

Take your concerns up with Obama. That all started under his "genius" plan.

Interesting…. because I went to grad school when Bush was president so, I’m not sure what Obama started that impacts me here.

Did you take a private loan?

There was a small portion that was private and those were quickly paid off. The overwhelming majority of my loans were FFELP which if they were still intact would have been already removed from forgiveness last fall.

I’m just pointing out that this pay for what you owe bullsh*t argument ignored compounding annual interest that turned my loan into an 80% interest rate instead of 6.25% I signed on for.

It looks like you paid $200 a month for your $25k loan and are surprised by the total interest. Or perhaps you waited 4 years and then paid $300 a month for about 12 years.

You’re in the ballpark, the monthly payment balance difference is de minimus. I wasn’t surprised. I never said the amount was difficult. They are, and have been, paid and I wasn’t benefiting from any forgiveness.

My point was to the initial poster who said “you pay when the bill comes due”. I did pay my entire loan, plus another $20k. Again, loans backed by the federal government should not be a revenue generator. And so have many people that borrowed a whole lot more than me and have been paying for years and their balances today are higher than their original principal at graduation (or worse when they dropped out and received no corresponding pay increase from their degree).

Hey my crap, there are interest on loans!!!!!


Omg, keep crying. Imagine getting to adulthood and thinking you deserve 0% interest loans for any debt you take out.

Jesus Christ, it is scary people like you are out there and can vote.

JFC, you have reading comprehension problems. No one ever said 0% interest loans.

It’s scary people who can’t understand and extract information from what they read, like you, can vote, but it sure explains a lot about the last decade.

Keep crying.

Pay your own damn bills with interest.

And don't whine about basic finance 101.

How does anyone get to adulthood and suck with this much with money and understanding obligations owed when one takes out debt?

So much whining about being an adult. Grow up.

PP was discussing why student loans shouldn’t have interest. Are you going to engage with that or not? Explain why they should.

Or just spew insults. It’s real gonna convince other people that you have a good point.

Because lending people money costs money.

If I have 100 bucks and put it in a bank, I will make interest. Or I could use it to start a business or anything else that creates money.

If I give it to you, and you pay me back 4 years later, I will lose both the money that I could have made, and the original value due to inflation.

Why does this not apply when the money is used on your education?

Why does the government need to make money off of educating people?

The govt is not a charity. They gave you loans no one else would to get you an education. The govt gets its money back plus a tiny amount of profit used to give more problem loans and to pay all the people running it. The govt also loses money when inflation is higher than the interest rate on your loan. It means you are paying negative interest of inflation is high and you happen to be locked into a lower rate loan.

No one owes you free money to borrow, lol. Absolutely delusional.

Anonymous wrote:

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Anonymous wrote:college is not for everyone. It is a waste of money for many. We should be encouraging trade schools - skill sets like plumbing and carpentry are in high demand.
The expectation that you can borrow money - for anything - and expect that it may be forgiven, for whatever reason, is not a good precedent to set.
Biden’s people put out loan forgiveness for votes, just as he did with stimulus checks in Georgia. It worked.

Hey, as long as your spoiled kids can go to college, right?

Exactly. The wealthy kids get college. The poors get military.

A lot of younger people would benefit from time in the military, learning the value of work and a college education. Learn that not everything in life is a free give-away with no consequences.

Why don’t you send your kids first!

I have several family members who either are or have served in the military. The others have worked hard to pay back college loans.

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Common damn sense. You take out debt, sign a contract agreeing to pay, therefore you pay when the bill comes due. Not sure why this common sense idea needed to go all the way to the SC. No one owes you for taking out debt due to your own free will. The govt can't block lenders from receiving payments in accordance with an agreed upon contract.

Pay your damn bills.

I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors.

Take your concerns up with Obama. That all started under his "genius" plan.

Interesting…. because I went to grad school when Bush was president so, I’m not sure what Obama started that impacts me here.

Did you take a private loan?

There was a small portion that was private and those were quickly paid off. The overwhelming majority of my loans were FFELP which if they were still intact would have been already removed from forgiveness last fall.

I’m just pointing out that this pay for what you owe bullsh*t argument ignored compounding annual interest that turned my loan into an 80% interest rate instead of 6.25% I signed on for.

It looks like you paid $200 a month for your $25k loan and are surprised by the total interest. Or perhaps you waited 4 years and then paid $300 a month for about 12 years.

You’re in the ballpark, the monthly payment balance difference is de minimus. I wasn’t surprised. I never said the amount was difficult. They are, and have been, paid and I wasn’t benefiting from any forgiveness.

My point was to the initial poster who said “you pay when the bill comes due”. I did pay my entire loan, plus another $20k. Again, loans backed by the federal government should not be a revenue generator. And so have many people that borrowed a whole lot more than me and have been paying for years and their balances today are higher than their original principal at graduation (or worse when they dropped out and received no corresponding pay increase from their degree).

Hey my crap, there are interest on loans!!!!!


Omg, keep crying. Imagine getting to adulthood and thinking you deserve 0% interest loans for any debt you take out.

Jesus Christ, it is scary people like you are out there and can vote.

JFC, you have reading comprehension problems. No one ever said 0% interest loans.

It’s scary people who can’t understand and extract information from what they read, like you, can vote, but it sure explains a lot about the last decade.

Keep crying.

Pay your own damn bills with interest.

And don't whine about basic finance 101.

How does anyone get to adulthood and suck with this much with money and understanding obligations owed when one takes out debt?

So much whining about being an adult. Grow up.

PP was discussing why student loans shouldn’t have interest. Are you going to engage with that or not? Explain why they should.

Or just spew insults. It’s real gonna convince other people that you have a good point.

Jesus you really are dense. Since time immemorial interest has been charged on borrow money. If you don’t charge interest, why would anyone be incentivized to lend you money. Duh. This is like 4th grade economics that adults in this thread shockingly have failed at. A dollar 10 years from now is not worth the same as a dollar today. If someone gives you a dollar today and gives you ten years to pay it back, the lender will only be incentivized to lend money to you in the first place if they get their money back AND compensation for the time value it costs AND a little bit of profit for taking some risk. Try seeing how well societies and economies would function if zero percent interest were put onto loans. The entire economy would collapse as liquidity for lending would dry up. No one is incentivized to lend money anymore. The country would collapse. Interest rates have very good purpose. Even a 4th grader understands it.

Democrats have abandoned students and labor

Video from source in Eagle Pass shows Border Patrol cutting through razor wire placed by the state of TX to allow migrants to enter & be processed after crossing illegally. @TxDPS tells me this is the first time they know of this happening, and that it’s being looked into for potential destruction of TX property. The federal government’s position is that once migrants are on U.S. soil, under U.S. law, they need to be processed, and cannot be repelled or turned away. Texas is taking a much different approach, and has been physically blocking migrants under orders from governor

https://twitter.com/billmelugin_/status/1674849236448313372?s=46&t=SgrQkBdvvOiR3Ut0ZqcBcA

https://www.cnbc.com/amp/2021/07/28/pelosi-says-biden-doesnt-have-authority-to-cancel-student-debt-.html


Even Pelosi says President does not have authority to cancel student loan debt. Robert’s quoted her in the decision!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:college is not for everyone. It is a waste of money for many. We should be encouraging trade schools - skill sets like plumbing and carpentry are in high demand.
The expectation that you can borrow money - for anything - and expect that it may be forgiven, for whatever reason, is not a good precedent to set.
Biden’s people put out loan forgiveness for votes, just as he did with stimulus checks in Georgia. It worked.

Hey, as long as your spoiled kids can go to college, right?

Exactly. The wealthy kids get college. The poors get military.

A lot of younger people would benefit from time in the military, learning the value of work and a college education. Learn that not everything in life is a free give-away with no consequences.

Why don’t you send your kids first!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:college is not for everyone. It is a waste of money for many. We should be encouraging trade schools - skill sets like plumbing and carpentry are in high demand.
The expectation that you can borrow money - for anything - and expect that it may be forgiven, for whatever reason, is not a good precedent to set.
Biden’s people put out loan forgiveness for votes, just as he did with stimulus checks in Georgia. It worked.

Hey, as long as your spoiled kids can go to college, right?

Exactly. The wealthy kids get college. The poors get military.

A lot of younger people would benefit from time in the military, learning the value of work and a college education. Learn that not everything in life is a free give-away with no consequences.

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:Common damn sense. You take out debt, sign a contract agreeing to pay, therefore you pay when the bill comes due. Not sure why this common sense idea needed to go all the way to the SC. No one owes you for taking out debt due to your own free will. The govt can't block lenders from receiving payments in accordance with an agreed upon contract.

Pay your damn bills.

I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors.

Take your concerns up with Obama. That all started under his "genius" plan.

Interesting…. because I went to grad school when Bush was president so, I’m not sure what Obama started that impacts me here.

Did you take a private loan?

There was a small portion that was private and those were quickly paid off. The overwhelming majority of my loans were FFELP which if they were still intact would have been already removed from forgiveness last fall.

I’m just pointing out that this pay for what you owe bullsh*t argument ignored compounding annual interest that turned my loan into an 80% interest rate instead of 6.25% I signed on for.

It looks like you paid $200 a month for your $25k loan and are surprised by the total interest. Or perhaps you waited 4 years and then paid $300 a month for about 12 years.

You’re in the ballpark, the monthly payment balance difference is de minimus. I wasn’t surprised. I never said the amount was difficult. They are, and have been, paid and I wasn’t benefiting from any forgiveness.

My point was to the initial poster who said “you pay when the bill comes due”. I did pay my entire loan, plus another $20k. Again, loans backed by the federal government should not be a revenue generator. And so have many people that borrowed a whole lot more than me and have been paying for years and their balances today are higher than their original principal at graduation (or worse when they dropped out and received no corresponding pay increase from their degree).

Hey my crap, there are interest on loans!!!!!


Omg, keep crying. Imagine getting to adulthood and thinking you deserve 0% interest loans for any debt you take out.

Jesus Christ, it is scary people like you are out there and can vote.

JFC, you have reading comprehension problems. No one ever said 0% interest loans.

It’s scary people who can’t understand and extract information from what they read, like you, can vote, but it sure explains a lot about the last decade.

Keep crying.

Pay your own damn bills with interest.

And don't whine about basic finance 101.

How does anyone get to adulthood and suck with this much with money and understanding obligations owed when one takes out debt?

So much whining about being an adult. Grow up.

PP was discussing why student loans shouldn’t have interest. Are you going to engage with that or not? Explain why they should.

Or just spew insults. It’s real gonna convince other people that you have a good point.

Because lending people money costs money.

If I have 100 bucks and put it in a bank, I will make interest. Or I could use it to start a business or anything else that creates money.

If I give it to you, and you pay me back 4 years later, I will lose both the money that I could have made, and the original value due to inflation.

Why does this not apply when the money is used on your education?

Why does the government need to make money off of educating people?