Anonymous wrote:So somehow this county ended up with election denying crazies who storm the capitol on right and responsibility/accountability deniers with "free for all" policy on the left? We are totally f'ed.

Yup. How do you possibly vote in the next election with two awful choices.

Yes, my sister had to take out loans to attend her in state school, even with merit aid. It's completely out of control. The Boomers complaining about this voted for people who gutted education funding and now are screaming when someone tries to help kids hurt by these anti education policies.

Anonymous wrote:

Anonymous wrote:I do not understand why student loans were paused for EVERYONE during Covid. If a job loss occurred, I would have understood. My child currently has medical school loans and I strongly encouraged him to take advantage of the 0% interest rate during the past 2 years and keep paying. He was in the minority. 11% of those with student loans continued to pay. And, don’t tell me those borrowers saved and invested all that money. I am not buying it.

https://www.cnbc.com/2020/10/07/less-than-11percent-of-people-with-federal-student-loans-are-paying-during-covid-19-.html

I believe they traveled and bought bitcoin.

This! I personally know several people who did this during the loan pause.

So somehow this county ended up with election denying crazies who storm the capitol on right and responsibility/accountability deniers with "free for all" policy on the left? We are totally f'ed.

Anonymous wrote:I think they should just lower the interest.

I agree. The loans for education should be 0 or very low interest.

Anonymous wrote:I do not understand why student loans were paused for EVERYONE during Covid. If a job loss occurred, I would have understood. My child currently has medical school loans and I strongly encouraged him to take advantage of the 0% interest rate during the past 2 years and keep paying. He was in the minority. 11% of those with student loans continued to pay. And, don’t tell me those borrowers saved and invested all that money. I am not buying it.

https://www.cnbc.com/2020/10/07/less-than-11percent-of-people-with-federal-student-loans-are-paying-during-covid-19-.html

I believe they traveled and bought bitcoin.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ok, so I survived cancer and I don't see why other people can't do the same. Why is the government working on curing cancer for these lazy people.

Yes, that is a really dumb argument and...

+1 million. I think people need to look inside themselves and think about why they want people to suffer the same thing they found difficult.

Democrat thesaurus: Hard work/personal responsibility/smart choices/sacrifice = suffering

Agreed. There's value in paying off what you promised to. I look at debt completely differently. I'm more conservative with my purchases and I think about the overall cost and the future sacrifices I'll have to make and not just the monthly payment. People who expect future freebies will be continue to borrow up to their eye balls.

Except you're talking aboutndecisions made when they were 17 years old. People talk about college like it's a luxury now but I remember in thr 2000s how we were pushed to do college at all costs. For lower income kids, they were sold it as their escape from poverty. The reality is a lot of kids were set up.

I remember, but 10K is nothing. Most people have way more than that at graduation. Does this really change anyone's life?

$10K is the most common amount of merit money given by schools, so IMHO, it is a surcharge for everyone that they discount for students they really want. So giving everyone a $10K debt cut makes sense. It would be better if colleges stopped up charging like this in the first place.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This debt forgiveness business has turned me into a one-issue voter. I will not vote for anyone who runs on a platform supporting and promising student loan forgiveness.

--reliable Democrat voter for the last 30 years

+1. As a left leaning Independent, these AOC-sh*t is enough to vote moderate R. So f'king tired of it.

This. Graduates have not had to make payments in over two years. I think the payment stop has fueled some of the insane travel crowds over
the last two years.

What happens when the payments start back up? Will we see defaults or will people reprioritize to make sure they pay the loans? I think we'll see defaults from those hoping for more forgiveness.

I think the real problem is disinvestment in funding for state higher ed-in my state a very low-income and high academic achieving student will need to take full sub and unsub loans + cover about a 10K a year gap between fin aid and cost of attendance. So a top student from a family making 25k will owe about 67k at graduation (not counting any accrued interest). My state also needs significantly more workers with some college or a degree than we have.

All that said, this plan is better than I was expecting. I like the bump for Pell recipients and there are some positive changes that reduce monthly payment amounts for people on income based repayment plans as well as support for covering interest.

Anonymous wrote:

Anonymous wrote:This debt forgiveness business has turned me into a one-issue voter. I will not vote for anyone who runs on a platform supporting and promising student loan forgiveness.

--reliable Democrat voter for the last 30 years

+1. As a left leaning Independent, these AOC-sh*t is enough to vote moderate R. So f'king tired of it.

This. Graduates have not had to make payments in over two years. I think the payment stop has fueled some of the insane travel crowds over
the last two years.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ok, so I survived cancer and I don't see why other people can't do the same. Why is the government working on curing cancer for these lazy people.

Yes, that is a really dumb argument and...

+1 million. I think people need to look inside themselves and think about why they want people to suffer the same thing they found difficult.

Democrat thesaurus: Hard work/personal responsibility/smart choices/sacrifice = suffering

Agreed. There's value in paying off what you promised to. I look at debt completely differently. I'm more conservative with my purchases and I think about the overall cost and the future sacrifices I'll have to make and not just the monthly payment. People who expect future freebies will be continue to borrow up to their eye balls.

Except you're talking aboutndecisions made when they were 17 years old. People talk about college like it's a luxury now but I remember in thr 2000s how we were pushed to do college at all costs. For lower income kids, they were sold it as their escape from poverty. The reality is a lot of kids were set up.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ok, so I survived cancer and I don't see why other people can't do the same. Why is the government working on curing cancer for these lazy people.

Yes, that is a really dumb argument and...

+1 million. I think people need to look inside themselves and think about why they want people to suffer the same thing they found difficult.

Democrat thesaurus: Hard work/personal responsibility/smart choices/sacrifice = suffering

Agreed. There's value in paying off what you promised to. I look at debt completely differently. I'm more conservative with my purchases and I think about the overall cost and the future sacrifices I'll have to make and not just the monthly payment. People who expect future freebies will be continue to borrow up to their eye balls.

Anonymous wrote:

Anonymous wrote:Ok, so I survived cancer and I don't see why other people can't do the same. Why is the government working on curing cancer for these lazy people.

Yes, that is a really dumb argument and...

+1 million. I think people need to look inside themselves and think about why they want people to suffer the same thing they found difficult.

Democrat thesaurus: Hard work/personal responsibility/smart choices/sacrifice = suffering

This loan forgiveness is another highly inflationary move.