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Posted: 4/27/2019 2:39:36 PM EST
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Posted: 4/27/2019 2:40:40 PM EST
[#1]
No.
Pay your debts. |
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Posted: 4/27/2019 2:41:47 PM EST
[#2]
Quote HistoryQuoted:
No. Pay your debts. |
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Posted: 4/27/2019 2:41:58 PM EST
[#3]
Forgive all debt.
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Posted: 4/27/2019 2:43:27 PM EST
[#4]
Quote HistoryQuoted:
No. Pay your debts. It would't be a terrible idea to make them dischargeable through bankruptcy, IMO. At this point, there's a huge amount of money tied up in all of it, so there's not going to be any easy answer. |
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Posted: 4/27/2019 2:47:37 PM EST
[#5]
Quote HistoryQuoted: It would't be a terrible idea to make them dischargeable through bankruptcy, IMO. At this point, there's a huge amount of money tied up in all of it, so there's not going to be any easy answer. Best idea would be to get the government out of the guarantee business so it doesn't distort the market. Maybe colleges could take on the role of lender. |
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Posted: 4/27/2019 2:50:02 PM EST
[#6]
$600 a month should not be crippling for a young person with a useful degree who lives within their means.
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Posted: 4/27/2019 2:51:20 PM EST
[#7]
Quote HistoryQuoted:
Then the taxpayer gets to pick up the tab. Best idea would be to get the government out of the guarantee business so it doesn't distort the market. Maybe colleges could take on the role of lender. Quote HistoryQuoted:
Quoted: It would't be a terrible idea to make them dischargeable through bankruptcy, IMO. At this point, there's a huge amount of money tied up in all of it, so there's not going to be any easy answer. Best idea would be to get the government out of the guarantee business so it doesn't distort the market. Maybe colleges could take on the role of lender. |
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Posted: 4/27/2019 2:52:07 PM EST
[#8]
Quote HistoryQuoted:
$600 a month should not be crippling for a young person with a useful degree who lives within their means. |
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Posted: 4/27/2019 2:53:23 PM EST
[#9]
Quote HistoryQuoted:
Then the taxpayer gets to pick up the tab. Best idea would be to get the government out of the guarantee business so it doesn't distort the market. Maybe colleges could take on the role of lender. Quote HistoryQuoted:
Quoted: It would't be a terrible idea to make them dischargeable through bankruptcy, IMO. At this point, there's a huge amount of money tied up in all of it, so there's not going to be any easy answer. Best idea would be to get the government out of the guarantee business so it doesn't distort the market. Maybe colleges could take on the role of lender. It would be awesome to make them like a normal loan for a business, where you have to essentially itemize how you plan to capitalize on it and repay the loan. That would sure cut down on the perpetual education bullshit. |
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Posted: 4/27/2019 2:53:59 PM EST
[#10]
Quote HistoryQuoted:
See that part there?... Quote HistoryQuoted:
Quoted:
$600 a month should not be crippling for a young person with a useful degree who lives within their means. 
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Posted: 4/27/2019 2:54:16 PM EST
[#11]
Quote HistoryQuoted:
Maybe colleges could take on the role of lender. |
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Posted: 4/27/2019 2:54:19 PM EST
[#12]
Why not forgive all debts?
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Posted: 4/27/2019 2:54:39 PM EST
[#13]
Im bitter, I worked two jobs and then got better jobs and took jobs no one else wanted to pay my 60k in student loans off as fast as possible. These fucks just get it forgiven? Fuck that. Change the interest rate to zero if you graduate and get a degree and pay on time but just forgiving it is bullshit.
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Posted: 4/27/2019 2:55:49 PM EST
[#14]
Video makes some good points. Especially re HBCUs.
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Posted: 4/27/2019 2:59:16 PM EST
[#15]
Quote HistoryQuoted:
Video makes some good points. Especially re HBCUs. |
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Posted: 4/27/2019 3:01:12 PM EST
[#16]
Quote HistoryQuoted:
No. Pay your debts. Now this guys examples are stupid. He says a $600 a month student loan payment could be going toward a wedding or a down payment of a home etc. Yeah, pissing money away on a wedding versus making the investment in a solid education should not even be thought. Investing in your future with a worth while degree that can carry you through life or deferring the gratification of a home purchase. Seems like it would be an easy answer. Get gov't out of lending. |
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Posted: 4/27/2019 3:01:32 PM EST
[#17]
The simple solution is to make student loans dischargeable in bankruptcy, and get the government out of lending. Put the lenders on the hook, and watch the tuition inflation problem fix itself.
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Posted: 4/27/2019 3:02:05 PM EST
[#18]
No. Fuck that shit. I want my mortgage forgiven if that’s the case.
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Posted: 4/27/2019 3:03:36 PM EST
[#19]
Quote HistoryQuoted:
You didn't watch the video gramps. Quote HistoryQuoted:
Quoted:
No. Pay your debts. Here kid, try this on for size. The PERCEIVED "student loan debt crisis" got worse when Obama & the democrats had the government take over the program. Once again, pay your own fuckin' debts. |
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Posted: 4/27/2019 3:03:59 PM EST
[#20]
Quote HistoryQuoted:
They were sold a product for their debt that doesn't work... Quote HistoryQuoted:
Quoted:
Quoted:
$600 a month should not be crippling for a young person with a useful degree who lives within their means. |
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Posted: 4/27/2019 3:04:19 PM EST
[#21]
Coupled with education degree overhaul...that's the plan in the video. I'd support colleges absorbing half the debt forgiveness which would shrink their endowments and tighten up the degree offerings.
A good friend is working on state and federal apprentice programs which could be another facet of education reform |
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Posted: 4/27/2019 3:04:35 PM EST
[#22]
Quote HistoryQuoted:
Another gramps here. Pay your own fuckin' debt. Just like I had to. Here kid, try this on for size. The PERCEIVED "student loan debt crisis" got worse when Obama & the democrats had the government take over the program. Once again, pay your own fuckin' debts. |
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Posted: 4/27/2019 3:05:04 PM EST
[#23]
Quote HistoryQuoted:
See that part there?... Quote HistoryQuoted:
Quoted:
$600 a month should not be crippling for a young person with a useful degree who lives within their means. |
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Posted: 4/27/2019 3:05:26 PM EST
[#24]
You signed the fucking loan papers,no one forced you to do it.
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Posted: 4/27/2019 3:05:46 PM EST
[#25]
If we are going to just start cancelling debt why not start with the 23 trillion $$$ in US debt? We can add in all the other US states, cities, etc. debt as well?
This is a stupid idea. There will be unintended consequences. That is how life works, there is no free lunch. |
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Posted: 4/27/2019 3:06:25 PM EST
[#26]
Quote HistoryQuoted:
No. Pay your debts. |
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Posted: 4/27/2019 3:08:02 PM EST
[#27]
Quote HistoryQuoted:
They're not real debts though. They were government guaranteed and not dischargeable like a traditional debt, and the lenders were somewhat coerced into making them. It would't be a terrible idea to make them dischargeable through bankruptcy, IMO. At this point, there's a huge amount of money tied up in all of it, so there's not going to be any easy answer. |
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Posted: 4/27/2019 3:08:02 PM EST
[#28]
Make the payments a pretax option.
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Posted: 4/27/2019 3:08:15 PM EST
[#29]
Boomer bait
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Posted: 4/27/2019 3:09:16 PM EST
[#30]
Quote HistoryQuoted:
$600 a month should not be crippling for a young person with a useful degree who lives within their means. when was the last time you made $45-55K from a starter job with a BS degree and had to pony up $600 a month for a loan? I think $40-50K is the avg starting job after college in Oklahoma |
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Posted: 4/27/2019 3:09:44 PM EST
[#31]
Quote HistoryQuoted:
You didn't watch the video gramps. Quote HistoryQuoted:
Quoted:
No. Pay your debts. Our higher education system needs some overhaul (to bring costs back to reality), but forgiving debt is not going to fix the system. I do agree with his point about not giving student loans to people who choose degrees that don't translate to useful careers. |
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Posted: 4/27/2019 3:11:06 PM EST
[#32]
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Did ya watch the video? I don't think you watched the video. |
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Posted: 4/27/2019 3:12:13 PM EST
[#33]
Quote HistoryQuoted:
$600 a month should not be crippling for a young person with a useful degree who lives within their means. It's $600/mo for a little while, then they sell your debt 7 times "losing" some of your payments along the way because they didn't tell you who got sold what. As such they change the terms of your loan(s) and you're now paying $1200/mo. Heaven forbid you get laid off, sick, or injured because you can't discharge the debt and you're prevented from getting any meaningful work in the future because your credit is fucked. Oh, and here's one from my loans: In 2013 I paid off $75,000 in student debt. I'm still getting amended W-9s from my student loan companies which have caused me to be audited twice by the IRS and write $10,000 checks as a result. I got another one last god damned week. Because the student loan companies have a completely protected "investment" they're acting like the mob. |
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Posted: 4/27/2019 3:12:22 PM EST
[#34]
IMO all the money zero pissed away in "stimulus" should have been applied to this instead. And no, I don't have any education debt, and never did.
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Posted: 4/27/2019 3:12:34 PM EST
[#35]
Quote HistoryQuoted:
Make the payments a pretax option. |
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Posted: 4/27/2019 3:12:35 PM EST
[#36]
Quote HistoryQuoted:
Not an easy answer?! How about the idiot students just pay of their debts? What's so hard about that? Garnish wages if need be. |
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Posted: 4/27/2019 3:15:45 PM EST
[#37]
Quote HistoryQuoted:
They were sold a product for their debt that doesn't work... |
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Posted: 4/27/2019 3:17:02 PM EST
[#38]
Pay up, sucker.
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Posted: 4/27/2019 3:17:37 PM EST
[#39]
Quote HistoryQuoted:
just curious.. when was the last time you made $45-55K from a starter job with a BS degree and had to pony up $600 a month for a loan? I think $40-50K is the avg starting job after college in Oklahoma Quote HistoryQuoted:
Quoted:
$600 a month should not be crippling for a young person with a useful degree who lives within their means. when was the last time you made $45-55K from a starter job with a BS degree and had to pony up $600 a month for a loan? I think $40-50K is the avg starting job after college in Oklahoma |
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Posted: 4/27/2019 3:18:23 PM EST
[#40]
Be a Lannister.
Pay your debts. |
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Posted: 4/27/2019 3:19:09 PM EST
[#41]
Tell employers to get their heads outta the clouds when hiring for entry level positions and their wish list of "Must have 5-10 years of experience, B.S. or greater degree in X, laundry list of industry certifications" and we will start you out at 40k a year. They wonder why individuals feel obligated to go to school for major degrees and then struggle to stay afloat. I just had a meeting with multiple recruiters a few weeks back and they showed me some example of several companies pre-reqs for entry level jobs. Mind you, these companies asked these recruiters why they cannot fill the rolls... The jobs were for call center employees... They required a B.A./B.S. minimum in sales or marketing for an entry level inbound/outbound sales rep position paying 12-15 an hour.
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Posted: 4/27/2019 3:19:25 PM EST
[#42]
IMO it would be easier to be on this side of the argument had W not started the bank bailouts in his 2nd term.
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Posted: 4/27/2019 3:19:31 PM EST
[#43]
Quote HistoryQuoted:
Then the taxpayer gets to pick up the tab. Best idea would be to get the government out of the guarantee business so it doesn't distort the market. Maybe colleges could take on the role of lender. Quote HistoryQuoted:
Quoted: It would't be a terrible idea to make them dischargeable through bankruptcy, IMO. At this point, there's a huge amount of money tied up in all of it, so there's not going to be any easy answer. Best idea would be to get the government out of the guarantee business so it doesn't distort the market. Maybe colleges could take on the role of lender. The same has happened with government funded health insurance. The costs have skyrocketed. |
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Posted: 4/27/2019 3:20:08 PM EST
[#44]
Quote HistoryQuoted:
The simple solution is to make student loans dischargeable in bankruptcy, and get the government out of lending. Put the lenders on the hook, and watch the tuition inflation problem fix itself. |
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Posted: 4/27/2019 3:20:25 PM EST
[#45]
College is a national security issue.
I work near a very large university, one of the top in the nation, with around 90% of the students from China. They're getting degrees in medicine, engineering, mathematics, science, computers, architecture... You name it, they're doing it. The Chinese students drive Audis, Mercedes, Cadillacs, and Porsche. They don't give a shit about money, they pay cash for tuition. On moving out day they throw everything away. Dig through the dumpster and you can find playstations, xbox, all the games, big screen LCD TVs, furniture, and they don't give a shit about money. They come back next year and do the same thing, over and over. A Chinese girl called police dispatch because her car got hit skipped. Probably $10K worth of damage to a $50K SUV, and she simply said "I'll go buy another one." We have to find a way to make college more affordable for our citizens, because we are losing the education battle. We outsourced all our manufacturing jobs to China in the 80s and 90s. Now we're exporting all our college degrees to China. It sucks, but the tax payer subsidizing education is part of a greater war, a new Cold War with China, and the battlefield is education. |
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Posted: 4/27/2019 3:21:00 PM EST
[#46]
Quote HistoryQuoted:
Tell employers to get their heads outta the clouds when hiring for entry level positions and their wish list of "Must have 5-10 years of experience, B.S. or greater degree in X, laundry list of industry certifications" and we will start you out at 40k a year. They wonder why individuals feel obligated to go to school for major degrees and then struggle to stay afloat. I just had a meeting with multiple recruiters a few weeks back and they showed me some example of several companies pre-reqs for entry level jobs. Mind you, these companies asked these recruiters why they cannot fill the rolls... The jobs were for call center employees... They required a B.A./B.S. minimum in sales or marketing for an entry level inbound/outbound sales rep position paying 12-15 an hour. Those jobs aren't really available, and they're written with impossible requirements so that those companies can demonstrate that there are no qualified applicants so they can hire some cheap H1-Bs. It's rent-seeking, IMO. |
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Posted: 4/27/2019 3:23:39 PM EST
[#47]
Quote HistoryQuoted:
Maybe colleges could take on the role of lender. |
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Posted: 4/27/2019 3:24:25 PM EST
[#48]
Quote HistoryQuoted:
Now you're touching on another problem. Those jobs aren't really available, and they're written with impossible requirements so that those companies can demonstrate that there are no qualified applicants so they can hire some cheap H1-Bs. It's rent-seeking, IMO.  Need to get rid of them. I think more than one person plays a role in this whole issue, but the fact is, it's easiest for folks to blame it on the students themselves.
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Posted: 4/27/2019 3:24:55 PM EST
[#49]
LOL..... Deadbeats trying to reason their way out of a debt which they, themselves, willingly chose to incur; by sticking others with it.
Reeks of millennial thought processes. |
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Posted: 4/27/2019 3:25:15 PM EST
[#50]
Quote HistoryQuoted:
They're not real debts though. They were government guaranteed and not dischargeable like a traditional debt, and the lenders were somewhat coerced into making them. It would't be a terrible idea to make them dischargeable through bankruptcy, IMO. At this point, there's a huge amount of money tied up in all of it, so there's not going to be any easy answer. |
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