Anonymous
Post 08/05/2022 22:51     Subject: Re:What is going on with student loans?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Why this impending 10 k loan forgiveness arouses so much rage and jealousy in UMC white folks is a mystery.


For me - It arouses so much rage (not jealousy) because I fought my way through college and grad school. My spouse did the same. We didn't party - we worked multiple jobs. He opened a business. I worked my way up in a male dominated field. We paid off our loans early instead of drinking lattes and carrying a fancy purse.

We kept our employees fully paid through covid while pausing our own children's 529's to do so and other sacrifices, supported every random mandate that was put on small businesses over the past two years with almost no support from the govt, watched as money was handed out like water, and now have to see a bunch of entitled college grads get more free money. We didn't qualify for a single government program as a family because of our income. We never received the random checks that others got. The PPP loan for the business did not cover the costs incurred over the past 2.5 years.

And now we have inflation, crazy costs for food and no respite in sight because of ridiculous leaders and a generation that cannot take responsibility for their actions. I am tired of paying for others. Blame the rich all you want but we kept 30 families in their homes, with health insurance and fed during the height of covid and did everything right. We have gotten nothing. Nothing from the government. I am tired of it.

Grow up and pay your bills and start a savings account in case of a disaster or pandemic.


I’m sorry you are so angry.

This Brenda Bootstraps has a real bee in her bonnet. And her business has received nothing from the government? LOL.


DP you’re misreading public sentiment if you think debt forgiveness is a popular issue amongst voters……it’s not.


The responses this poster got shows such disdain for those that do hard work.


Not that many Americans went to college and a sizeable number who did do not have loans anymore. It's a wealth transfer to the few that will piss off the many.

https://www.census.gov/content/dam/Census/library/working-papers/2022/demo/sehsd-wp2022-09.pdf

We all pay for things we don’t benefit from. The middle class pays for plenty of things for those who aren’t college educated.


Like what? Please provide some examples.


The entire state of Kentucky for one.


Try again. A serious attempt at a sewer this time. Examples of something the middle class pays for that only benefit those without a college education.


Obviously answer not sewer
Anonymous
Post 08/05/2022 22:50     Subject: Re:What is going on with student loans?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Why this impending 10 k loan forgiveness arouses so much rage and jealousy in UMC white folks is a mystery.


For me - It arouses so much rage (not jealousy) because I fought my way through college and grad school. My spouse did the same. We didn't party - we worked multiple jobs. He opened a business. I worked my way up in a male dominated field. We paid off our loans early instead of drinking lattes and carrying a fancy purse.

We kept our employees fully paid through covid while pausing our own children's 529's to do so and other sacrifices, supported every random mandate that was put on small businesses over the past two years with almost no support from the govt, watched as money was handed out like water, and now have to see a bunch of entitled college grads get more free money. We didn't qualify for a single government program as a family because of our income. We never received the random checks that others got. The PPP loan for the business did not cover the costs incurred over the past 2.5 years.

And now we have inflation, crazy costs for food and no respite in sight because of ridiculous leaders and a generation that cannot take responsibility for their actions. I am tired of paying for others. Blame the rich all you want but we kept 30 families in their homes, with health insurance and fed during the height of covid and did everything right. We have gotten nothing. Nothing from the government. I am tired of it.

Grow up and pay your bills and start a savings account in case of a disaster or pandemic.


I’m sorry you are so angry.

This Brenda Bootstraps has a real bee in her bonnet. And her business has received nothing from the government? LOL.


DP you’re misreading public sentiment if you think debt forgiveness is a popular issue amongst voters……it’s not.


The responses this poster got shows such disdain for those that do hard work.


Not that many Americans went to college and a sizeable number who did do not have loans anymore. It's a wealth transfer to the few that will piss off the many.

https://www.census.gov/content/dam/Census/library/working-papers/2022/demo/sehsd-wp2022-09.pdf

We all pay for things we don’t benefit from. The middle class pays for plenty of things for those who aren’t college educated.


Like what? Please provide some examples.


The entire state of Kentucky for one.


Try again. A serious attempt at a sewer this time. Examples of something the middle class pays for that only benefit those without a college education.
Anonymous
Post 08/05/2022 21:44     Subject: What is going on with student loans?

Anonymous wrote:If this was going to happen the leaders of the party and Jill Biden would be tweeting about it and signal boosting each others tweets about to go viral. Sorry, it's not going to happen.


Oh it’s happening.
Anonymous
Post 08/05/2022 21:11     Subject: What is going on with student loans?

Anonymous wrote:
Anonymous wrote:If this was going to happen the leaders of the party and Jill Biden would be tweeting about it and signal boosting each others tweets about to go viral. Sorry, it's not going to happen.


Ending the pause right before midterms is a bold strategy


No politician is ever going to end the pause. Even Trump won't since he started the whole thing.
Anonymous
Post 08/04/2022 13:56     Subject: What is going on with student loans?

Anonymous wrote:If this was going to happen the leaders of the party and Jill Biden would be tweeting about it and signal boosting each others tweets about to go viral. Sorry, it's not going to happen.


Ending the pause right before midterms is a bold strategy
Anonymous
Post 08/04/2022 13:54     Subject: What is going on with student loans?

If this was going to happen the leaders of the party and Jill Biden would be tweeting about it and signal boosting each others tweets about to go viral. Sorry, it's not going to happen.
Anonymous
Post 08/04/2022 13:27     Subject: What is going on with student loans?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:What’s next? Will taxpayers pay off car loans? Mortgages? Credit card debt? Always buying votes with free money instead of addressing systemic problems. These people are clowns.


The "systemic problem" is capitalism. You want to address that?


No, the systemic problem is that these loans aren’t dischargeable through bankruptcy. The systemic problem is that colleges aren’t required to disclose outcomes by major so even indifferent students can have some visibility into their financial future. Use your brain.


What data do you expect colleges to disclose regarding majors? There is national level data on starting salaries but there is also not a clear path to a job for most majors. Except for a very few fields like engineering, the major doesn't equal the same job for every student. Expand that 10 plus years out and the data is meaningless.
Anonymous
Post 08/04/2022 13:25     Subject: What is going on with student loans?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:What’s next? Will taxpayers pay off car loans? Mortgages? Credit card debt? Always buying votes with free money instead of addressing systemic problems. These people are clowns.


The "systemic problem" is capitalism. You want to address that?


No, the systemic problem is that these loans aren’t dischargeable through bankruptcy. The systemic problem is that colleges aren’t required to disclose outcomes by major so even indifferent students can have some visibility into their financial future. Use your brain.


The systematic problem is that college is unaffordable to the vast majority of Americans which means that it has to be financed. At the same time, education inflation is totally detached from any other measure of inflation.
Anonymous
Post 08/04/2022 13:20     Subject: What is going on with student loans?

Anonymous wrote:
Anonymous wrote:What’s next? Will taxpayers pay off car loans? Mortgages? Credit card debt? Always buying votes with free money instead of addressing systemic problems. These people are clowns.


The "systemic problem" is capitalism. You want to address that?


No, the systemic problem is that these loans aren’t dischargeable through bankruptcy. The systemic problem is that colleges aren’t required to disclose outcomes by major so even indifferent students can have some visibility into their financial future. Use your brain.
Anonymous
Post 08/04/2022 13:04     Subject: What is going on with student loans?

Anonymous wrote:
Anonymous wrote:typical dem policies. handout after handout because we "feel sorry people made dumb decisions"

It amazes me people have been sitting on their butts for the last two years and not making payments. who care if its in deferment, make the damn payments and save on interest, that's a start! Now you have been spending the money on stupid stuff and cant get off the sugar high when reality sets in and you want to beg the government for more money? please, the voters will not have mercy for you.


+1 Government handouts should be reserved for Boeing and Raytheon


+ General Motors, Dodge/Chrysler twice (most recently then forced their sale to the Italian government), every Wall Street bank and every airline.
Anonymous
Post 08/04/2022 12:21     Subject: What is going on with student loans?

Anonymous wrote:
Anonymous wrote:and what about the millions of people the refinanced their loans to private when the interest rate was low? they all get shafted huh? was it their fault the government set the interest rates at 6.8% and they were forced to refi? What a sham. I will never vote democrat if this happens?


That describes me. I wasn't "forced to refi" I chose to refi because it made financial sense at the time. The fact that later developments mean that I might have been better off doesn't change that (nor does it change all the interest I've saved since refinancing). I've always understood that student debt relief probably won't include me, which is fine; I'm not "shafted" because someone else gets a benefit that I don't get. I'll be happy for them and keep paying my loan.


yea you're right, benefits someone else are your expense. if forgiveness happens, you will be paying for someone else's student loans in your taxes. your student debt actually got more expansive. but yea you're right. enjoy.
Anonymous
Post 08/04/2022 11:52     Subject: Re:What is going on with student loans?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Why this impending 10 k loan forgiveness arouses so much rage and jealousy in UMC white folks is a mystery.


For me - It arouses so much rage (not jealousy) because I fought my way through college and grad school. My spouse did the same. We didn't party - we worked multiple jobs. He opened a business. I worked my way up in a male dominated field. We paid off our loans early instead of drinking lattes and carrying a fancy purse.

We kept our employees fully paid through covid while pausing our own children's 529's to do so and other sacrifices, supported every random mandate that was put on small businesses over the past two years with almost no support from the govt, watched as money was handed out like water, and now have to see a bunch of entitled college grads get more free money. We didn't qualify for a single government program as a family because of our income. We never received the random checks that others got. The PPP loan for the business did not cover the costs incurred over the past 2.5 years.

And now we have inflation, crazy costs for food and no respite in sight because of ridiculous leaders and a generation that cannot take responsibility for their actions. I am tired of paying for others. Blame the rich all you want but we kept 30 families in their homes, with health insurance and fed during the height of covid and did everything right. We have gotten nothing. Nothing from the government. I am tired of it.

Grow up and pay your bills and start a savings account in case of a disaster or pandemic.


I’m sorry you are so angry.

This Brenda Bootstraps has a real bee in her bonnet. And her business has received nothing from the government? LOL.


DP you’re misreading public sentiment if you think debt forgiveness is a popular issue amongst voters……it’s not.


The responses this poster got shows such disdain for those that do hard work.


Not that many Americans went to college and a sizeable number who did do not have loans anymore. It's a wealth transfer to the few that will piss off the many.

https://www.census.gov/content/dam/Census/library/working-papers/2022/demo/sehsd-wp2022-09.pdf

We all pay for things we don’t benefit from. The middle class pays for plenty of things for those who aren’t college educated.


Like what? Please provide some examples.


The entire state of Kentucky for one.
Anonymous
Post 08/04/2022 11:49     Subject: What is going on with student loans?

Anonymous wrote:and what about the millions of people the refinanced their loans to private when the interest rate was low? they all get shafted huh? was it their fault the government set the interest rates at 6.8% and they were forced to refi? What a sham. I will never vote democrat if this happens?


That describes me. I wasn't "forced to refi" I chose to refi because it made financial sense at the time. The fact that later developments mean that I might have been better off doesn't change that (nor does it change all the interest I've saved since refinancing). I've always understood that student debt relief probably won't include me, which is fine; I'm not "shafted" because someone else gets a benefit that I don't get. I'll be happy for them and keep paying my loan.
Anonymous
Post 08/04/2022 11:47     Subject: What is going on with student loans?

yea biden spent too much time with his head up you know what, now the pause has to end and there are no good solutions. good luck.
Anonymous
Post 08/04/2022 11:45     Subject: What is going on with student loans?

Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:typical dem policies. handout after handout because we "feel sorry people made dumb decisions"

It amazes me people have been sitting on their butts for the last two years and not making payments. who care if its in deferment, make the damn payments and save on interest, that's a start! Now you have been spending the money on stupid stuff and cant get off the sugar high when reality sets in and you want to beg the government for more money? please, the voters will not have mercy for you.


Why would I pay off debt politicians are signaling they will pay off for me?


Pretty dumb approach. What if they dont? or only do a small portion of it? I don't think you're good at finances, the greatest gift they gave you dead beats was pausing the interest accumulation. That itself was the forgiveness.


My guess here is you’re the one who isn’t good at finances. You never pay off interest free debt. Only a fool would do so, especially in a period of high inflation.


WOW. Yes obviously but when there is a pause on the interest and everything is going to principle, you take advantage and pay that shit off. These people and maybe you're not in this camp but they spent their money on BS and are on a sugar high. The same exact people didnt pay the high interest debt. They simply dont pay, who else would be begging?


When the pause is indefinite, you put the funds in a separate account and pay off the principal when the pause ends.