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Posted: 4/27/2019 10:25:07 PM EDT
[#1]
Quote HistoryQuoted:
I think that colleges and universities should offer a new class of degree: Engineering Specialist degrees. It's the core engineering program without the added arts, humanities, speech, PE, and electives. Taking those later would upgrade an ES degree to the full level. 
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Posted: 4/27/2019 10:26:29 PM EDT
[#2]
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HAR! horselaff! so.. you take an 18 year old kid out of highschool and make it possible for him to go to 'animal house' and party for 4 years, guess what he's gonna do. even if it costs 200k (and some cost this much). lots of blame here, lots of blame belongs to the republicans and their banker friends, lots of blame here for colleges raising tuition because they saw the gravy train coming and jumped on board. lots of blame on this country in general making it seem like you have to go to college, you dont want to get a job as some sort of laborer, mechanic, welder, plumber, electrician because its not cool. and it does fuck the economy big time. and.. mark my words, folks like things for free, make it seem like kids will have tens of thousands of dollars in debt forgiven, provide a credible presidential candidate that offers this and guess who these folks will vote for. if you sew the wind you will reap the whirlwind... so pick your poison and lay the blame all around, because it aint just the folks going off to colleges faults, its the banks, the congress critters that voted it in (cant go bankrupt), the colleges that raised tuition and the parents who told little johnny if he wanted to amount to anything, he needed to go to college. Quote HistoryQuoted:
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You signed the fucking loan papers,no one forced you to do it. so.. you take an 18 year old kid out of highschool and make it possible for him to go to 'animal house' and party for 4 years, guess what he's gonna do. even if it costs 200k (and some cost this much). lots of blame here, lots of blame belongs to the republicans and their banker friends, lots of blame here for colleges raising tuition because they saw the gravy train coming and jumped on board. lots of blame on this country in general making it seem like you have to go to college, you dont want to get a job as some sort of laborer, mechanic, welder, plumber, electrician because its not cool. and it does fuck the economy big time. and.. mark my words, folks like things for free, make it seem like kids will have tens of thousands of dollars in debt forgiven, provide a credible presidential candidate that offers this and guess who these folks will vote for. if you sew the wind you will reap the whirlwind... so pick your poison and lay the blame all around, because it aint just the folks going off to colleges faults, its the banks, the congress critters that voted it in (cant go bankrupt), the colleges that raised tuition and the parents who told little johnny if he wanted to amount to anything, he needed to go to college. This is the same as those that signed for a mortgage they couldn't afford and then went belly up. No excuses. They all took the risk and wanted to live the big life without a worry and pay it all back later when they "felt" like it. I remember when I was fresh out of high school and walked into the loan office at the college...I was scared as hell. They gave me an option of taking a bigger loan to pay for "extra" expenses. I declined and took just enough to pay for tuition and books. Debt is dumb. |
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Posted: 4/27/2019 10:28:23 PM EDT
[#3]
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They were scammed. They were promised something for their contract that never materialized, i.e. a way to pay back their loans through well-paying jobs. They were told this for most of their lives. When that doesn't deliver, that's practically the textbook definition of a scam, which would effectively make them a victim. Now, contract law being what it is, garnishing the SS they'll never receive anyway along with making the universities pay would be perfectly acceptable if the degreed baristas can't come up with a good payment plan. Quote HistoryQuoted:
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You thinking "they" were scammed is irrelevant. Not all of "them" are in the same boat with useless degrees. They entered a contract, they agreed to the price and the term. They can pay it back. 1.5 trillion fuckin dollars isn't going to just go away. It's stupid to pretend the economic impacts won't effect everyone (even those of us that avoided making stupid financial decisions early in life). Getting the government out of this process is the right solution. Letting people pay back thier debts is also the right decision. They were told this for most of their lives. When that doesn't deliver, that's practically the textbook definition of a scam, which would effectively make them a victim. Now, contract law being what it is, garnishing the SS they'll never receive anyway along with making the universities pay would be perfectly acceptable if the degreed baristas can't come up with a good payment plan.  . Notice how you lump all college graduates in one pile? Not all of them received useless degrees, and none of them received anything less than they agreed to in the contract they signed.
Of course you'd be right if you can provide some proof to that guarantee you mentioned. I'll wait for you to post a screen shot... |
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Posted: 4/27/2019 10:30:12 PM EDT
[#4]
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I don't think they should be discharged but they should be tax deductible regardless of income. If I invest $100000 into my education then I should be able to deduct the interest paid. Especially considering 8% is a good interest rate for Student Loans. |
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Posted: 4/27/2019 10:32:05 PM EDT
[#5]
Quote HistoryQuoted:
No, we can't be spreading blame around when these grown adults walked into a loan office and signed the dotted line. Sorry. This is the same as those that signed for a mortgage they couldn't afford and then went belly up. No excuses. They all took the risk and wanted to live the big life without a worry and pay it all back later when they "felt" like it. I remember when I was fresh out of high school and walked into the loan office at the college...I was scared as hell. They gave me an option of taking a bigger loan to pay for "extra" expenses. I declined and took just enough to pay for tuition and books. Debt is dumb. Quote HistoryQuoted:
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You signed the fucking loan papers,no one forced you to do it. so.. you take an 18 year old kid out of highschool and make it possible for him to go to 'animal house' and party for 4 years, guess what he's gonna do. even if it costs 200k (and some cost this much). lots of blame here, lots of blame belongs to the republicans and their banker friends, lots of blame here for colleges raising tuition because they saw the gravy train coming and jumped on board. lots of blame on this country in general making it seem like you have to go to college, you dont want to get a job as some sort of laborer, mechanic, welder, plumber, electrician because its not cool. and it does fuck the economy big time. and.. mark my words, folks like things for free, make it seem like kids will have tens of thousands of dollars in debt forgiven, provide a credible presidential candidate that offers this and guess who these folks will vote for. if you sew the wind you will reap the whirlwind... so pick your poison and lay the blame all around, because it aint just the folks going off to colleges faults, its the banks, the congress critters that voted it in (cant go bankrupt), the colleges that raised tuition and the parents who told little johnny if he wanted to amount to anything, he needed to go to college. This is the same as those that signed for a mortgage they couldn't afford and then went belly up. No excuses. They all took the risk and wanted to live the big life without a worry and pay it all back later when they "felt" like it. I remember when I was fresh out of high school and walked into the loan office at the college...I was scared as hell. They gave me an option of taking a bigger loan to pay for "extra" expenses. I declined and took just enough to pay for tuition and books. Debt is dumb. |
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Posted: 4/27/2019 10:34:01 PM EDT
[#6]
Quote HistoryQuoted:
Substitute the words "Student Loans" for "Mortgage Loans" and apply the same reasoning and fake economic benefits used and open your eyes. It would take government intervention to terminate the bubble early. Basketweaving degrees are the private solution. The market can't coordinate to fix the bubble fast enough to save the generations caught up in it. It can sell lower-effort credentials to individuals who'd drop out of the race otherwise. |
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Posted: 4/27/2019 10:34:55 PM EDT
[#7]
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When did you go college? Quote HistoryQuoted:
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You signed the fucking loan papers,no one forced you to do it. so.. you take an 18 year old kid out of highschool and make it possible for him to go to 'animal house' and party for 4 years, guess what he's gonna do. even if it costs 200k (and some cost this much). lots of blame here, lots of blame belongs to the republicans and their banker friends, lots of blame here for colleges raising tuition because they saw the gravy train coming and jumped on board. lots of blame on this country in general making it seem like you have to go to college, you dont want to get a job as some sort of laborer, mechanic, welder, plumber, electrician because its not cool. and it does fuck the economy big time. and.. mark my words, folks like things for free, make it seem like kids will have tens of thousands of dollars in debt forgiven, provide a credible presidential candidate that offers this and guess who these folks will vote for. if you sew the wind you will reap the whirlwind... so pick your poison and lay the blame all around, because it aint just the folks going off to colleges faults, its the banks, the congress critters that voted it in (cant go bankrupt), the colleges that raised tuition and the parents who told little johnny if he wanted to amount to anything, he needed to go to college. This is the same as those that signed for a mortgage they couldn't afford and then went belly up. No excuses. They all took the risk and wanted to live the big life without a worry and pay it all back later when they "felt" like it. I remember when I was fresh out of high school and walked into the loan office at the college...I was scared as hell. They gave me an option of taking a bigger loan to pay for "extra" expenses. I declined and took just enough to pay for tuition and books. Debt is dumb. |
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Posted: 4/27/2019 10:35:35 PM EDT
[#8]
Quote HistoryQuoted: Who is paying it off? it's canceling it. Please explain a mechanism by which you "cancel" this debt that doesn't take from someone. |
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Posted: 4/27/2019 10:35:51 PM EDT
[#9]
Student loans should be able to be discharged.
It'd give those loan sharks a second thought about loaning a ton of money to someone going after a stupid degree. |
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Posted: 4/27/2019 10:39:33 PM EDT
[#10]
I watched the video and it is absolute baloney.
Do some google and look it up. Your average bachelors degree holder earns a lifetime of one million dollars more then a high school graduate. You dont want student debt, dont go to college. On average, those who say you need to go to college are correct. If you wantto invest 40k in your self to earn 1m$ on teh backside, go for it, but dont insult people by complaining overthe ticket price of the deal you made. If you spend money on a grad degree, ditto. If you screw it up by majoring in basketweaving thats on you. If you forgive college student loan debt to we just give cash to high school graduates? What about the 250 million people not inthis boat? Why is my tax money going to forgive what is, all things considered, a pretty good deal. |
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Posted: 4/27/2019 10:40:30 PM EDT
[#11]
Quote HistoryQuoted:
I don't approve of forgiving people for debt they willingly agreed to accept. I also don't approve of the way that people get raked over the coals for tuition when much of that tuition is wasted...I say again...WASTED....on taking required classes that impart no useful knowledge that has any relevance to the degree program(s) the student is pursuing. In my case my field is electronics. If I'd pursued a degree it'd be an EE. Electrical Engineering. I'd never have had any issue taking any and every class in an EE program that is directly related to the discipline. But the non-technical courses that are required to go along with it, arts, humanities, speech, physical education, electives....not one of them should be a degree requirement. It's their additional cost that is a major reason why I didn't pursue an EE degree. I refused to take out student loan debt and could not afford the full program. Plus you can't possibly find a person who's LESS interested in most of those courses. I think that colleges and universities should offer a new class of degree: Engineering Specialist degrees. It's the core engineering program without the added arts, humanities, speech, PE, and electives. Taking those later would upgrade an ES degree to the full level. |
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Posted: 4/27/2019 10:44:07 PM EDT
[#12]
Quote HistoryQuoted: Who is paying it off? it's canceling it. https://www.salliemae.com/investors/asset-backed-securities/ Sallie Mae securitizes private education loan assets by selling private education loans to SMB Private Education Loan Trusts. Select a Trust from the list below to view current/historical reports and ABS issuance details.
So, "canceling it" means the people who bought those securities would be forced to pay. Sorry, they took grandma's retirement to pay for SJW degrees and partying.
The asset-backed securities issued by the Trusts do not represent interests in or obligations of, and are not guaranteed or insured by SLM Corporation, Sallie Mae Bank, or any of their affiliates, in any capacity, or by the United States, any governmental agency, or any other entity. The asset-backed securities issued by an SMB Private Education Loan Trust listed herein are described in an offering memorandum containing information about the terms and conditions of the asset-backed securities, financial characteristics and servicing information related to the underlying student loan assets, trading information about the asset-backed securities, and other issuance details. |
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Posted: 4/27/2019 10:47:58 PM EDT
[#13]
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Sounds like you aren't the type who wouldn't appreciate or benefit from a well rounded education. Guess I will be now though. Will I get credits based on taxes paid? |
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Posted: 4/27/2019 10:48:40 PM EDT
[#14]
Quote HistoryQuoted:
Those student loans get packaged up and sold to little old retired ladies that want a stable retirement income. https://www.salliemae.com/investors/asset-backed-securities/ Sallie Mae securitizes private education loan assets by selling private education loans to SMB Private Education Loan Trusts. Select a Trust from the list below to view current/historical reports and ABS issuance details.
So, "canceling it" means the people who bought those securities would be forced to pay. Sorry, they took grandma's retirement to pay for SJW degrees and partying.The asset-backed securities issued by the Trusts do not represent interests in or obligations of, and are not guaranteed or insured by SLM Corporation, Sallie Mae Bank, or any of their affiliates, in any capacity, or by the United States, any governmental agency, or any other entity. The asset-backed securities issued by an SMB Private Education Loan Trust listed herein are described in an offering memorandum containing information about the terms and conditions of the asset-backed securities, financial characteristics and servicing information related to the underlying student loan assets, trading information about the asset-backed securities, and other issuance details. Quote HistoryQuoted:
Quoted: Who is paying it off? it's canceling it. https://www.salliemae.com/investors/asset-backed-securities/ Sallie Mae securitizes private education loan assets by selling private education loans to SMB Private Education Loan Trusts. Select a Trust from the list below to view current/historical reports and ABS issuance details.
So, "canceling it" means the people who bought those securities would be forced to pay. Sorry, they took grandma's retirement to pay for SJW degrees and partying.The asset-backed securities issued by the Trusts do not represent interests in or obligations of, and are not guaranteed or insured by SLM Corporation, Sallie Mae Bank, or any of their affiliates, in any capacity, or by the United States, any governmental agency, or any other entity. The asset-backed securities issued by an SMB Private Education Loan Trust listed herein are described in an offering memorandum containing information about the terms and conditions of the asset-backed securities, financial characteristics and servicing information related to the underlying student loan assets, trading information about the asset-backed securities, and other issuance details. |
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Posted: 4/27/2019 10:53:06 PM EDT
[#15]
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I don't want to strawman you, but are you implying that it should be considered fraud? Quote HistoryQuoted:
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$600 a month should not be crippling for a young person with a useful degree who lives within their means.  But we are talking about young, inexperienced, impressionable people who make a decision at normally 17yo that "I shall apply to college, go to college, and take on debt to pay for it." We wouldn't let them take a loan for a $15,000 car at that age, but we allow them to start on a path for $40k, $50k, $80K or more of student loan debt? On top of that, that decision is heavily influenced not just by parents, teachers, and guidance counselors, but also by college admissions offices. Those college admissions offices are salesmen who throw around terms like "our graduates' average starting salary is... our average employment rate upon graduation is..." But they rarely sit them down and say "ok, for the major you say you want, here's how many of THEM are employed upon graduation, here's what THEIR average starting salary is." They also rarely tell the students "here are the common factors for those who got employment: Gpa of x.xx, involved in at least two campus activities, etc." Instead, there is a lot of hype and obfuscation to SELL the student a bill of goods. So while we like to bitch and gripe about young dumbasses getting a BA degree in Patriarchy Studies that cost them $80,000 in student loans, their youth, inexperience, and the hype means they are not making a mature decision, they are not making a well-informed decision, and both the schools and the lenders basically prey upon that youth and inexperience to get them to make a poor decision. There's culpability to be shared. |
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Posted: 4/27/2019 10:55:33 PM EDT
[#16]
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Welfare buys off the underclasses. Taxes buy off the middle class. Taking their money gives them the impression they're contributing, and gives them the opportunity to dither over how much better/worse it could be. Quote HistoryQuoted:
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If the national debt doesn't matter, why is the Federal Government collecting ANY taxes at all? $22 trillion, $100 trillion, $500 trillion. Doesn't matter, right? I think what you are saying is, the national debt doesn't matter. Until it does. Taxes buy off the middle class. Taking their money gives them the impression they're contributing, and gives them the opportunity to dither over how much better/worse it could be. |
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Posted: 4/27/2019 10:56:18 PM EDT
[#17]
How about I get $50k forgiven off of my mortgage?
Fuck those twats, I didn't make them go to college, I sure as shit don't want to pay for it |
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Posted: 4/27/2019 10:56:23 PM EDT
[#18]
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No Free Ride. Pay what you owe,there's no reason the rest of us should take the hit. |
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Posted: 4/27/2019 10:56:39 PM EDT
[#19]
Quote HistoryQuoted: Forgive all debt. 
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Posted: 4/27/2019 10:56:45 PM EDT
[#20]
I truly believe our system of higher education has been usurped by big money.
The effect is noticeable with cost increases in all institutions but one particular branch of higher ED seems to be very versed in sucking the teet of the big banks...  There has to be some accountability for Federally subsidized student loans. |
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Posted: 4/27/2019 10:57:43 PM EDT
[#21]
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If you screw it up by majoring in basketweaving thats on you. Show me any other time a bank will give an 18-21yo with no assets an unsecured personal loan for that amount of money. They won't because (1) you don't have enough credit history to know whether you'll pay for it or escape it in bankruptcy, and (2) on top of that, it's unsecured by a tangible asset they could seize. But since you cannot escape it in bankruptcy, they don't care. Making them dischargeable in bankruptcy makes the lenders more cautious. Accounting degree? Yes, we'll lend for that. Basket-weaving? Nope, go ask the First Bank of Mom and Dad. |
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Posted: 4/27/2019 10:59:42 PM EDT
[#22]
Quote HistoryQuoted: Do you have kids in public school, or did you? I always see people saying the same thing, but when they find out my tax dollars are subsidizing their crotch fruit they either shut the fuck up, or just redirect. |
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Posted: 4/27/2019 10:59:48 PM EDT
[#23]
Quote HistoryQuoted:
What wages? From what jobs? 
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Posted: 4/27/2019 11:01:33 PM EDT
[#24]
Fuck everyone who thinks this is a good idea, I spent years doing without to pay-off student loans, I just wrote the last fucking check 4 months ago.
I want every God damned dime back plus back interest if this happens or at least the write off against my taxes until it zeroes out. |
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Posted: 4/27/2019 11:10:34 PM EDT
[#25]
Quote HistoryQuoted: So going to school is a bad decision now? Kid dosent go to school he/she is a shit bum.... Kid goes to school has some debt, still a shit bum... Ya'll are impossible to make happy lol If you wind up in unsustainable debt for an unmarketable degree, you made bad decisions. |
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Posted: 4/27/2019 11:12:28 PM EDT
[#26]
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Fuck everyone who thinks this is a good idea, I spent years doing without to pay-off student loans, I just wrote the last fucking check 4 months ago. I want every God damned dime back plus back interest if this happens or at least the write off against my taxes until it zeroes out. |
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Posted: 4/27/2019 11:14:33 PM EDT
[#27]
Quote HistoryQuoted:
If the national debt doesn't matter, why is the Federal Government collecting ANY taxes at all? $22 trillion, $100 trillion, $500 trillion. Doesn't matter, right? I think what you are saying is, the national debt doesn't matter. Until it does. Quote HistoryQuoted:
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This guy is persuasive. His entire argument hinges on the statement he makes at the end of the video: "The national debt doesn't matter." $22 trillion, $100 trillion, $500 trillion. Doesn't matter, right? I think what you are saying is, the national debt doesn't matter. Until it does. https://fred.stlouisfed.org/series/TCMDO |
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Posted: 4/27/2019 11:21:42 PM EDT
[#28]
Quote HistoryQuoted: I don't know that I would consider it fraud. But we are talking about young, inexperienced, impressionable people who make a decision at normally 17yo that "I shall apply to college, go to college, and take on debt to pay for it." We wouldn't let them take a loan for a $15,000 car at that age, but we allow them to start on a path for $40k, $50k, $80K or more of student loan debt? On top of that, that decision is heavily influenced not just by parents, teachers, and guidance counselors, but also by college admissions offices. Those college admissions offices are salesmen who throw around terms like "our graduates' average starting salary is... our average employment rate upon graduation is..." But they rarely sit them down and say "ok, for the major you say you want, here's how many of THEM are employed upon graduation, here's what THEIR average starting salary is." They also rarely tell the students "here are the common factors for those who got employment: Gpa of x.xx, involved in at least two campus activities, etc." Instead, there is a lot of hype and obfuscation to SELL the student a bill of goods. So while we like to bitch and gripe about young dumbasses getting a BA degree in Patriarchy Studies that cost them $80,000 in student loans, their youth, inexperience, and the hype means they are not making a mature decision, they are not making a well-informed decision, and both the schools and the lenders basically prey upon that youth and inexperience to get them to make a poor decision. There's culpability to be shared. I wasn't asked if these dumb kids could afford the loans or not But I'll be damned, I'm probably going to get fucked and have to pay them through my taxes |
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Posted: 4/27/2019 11:27:19 PM EDT
[#29]
Quote HistoryQuoted: We should fuck another generation because yours got fucked? At no point was I ever given a hand up, I was laid off twice due to H1B's and outsourcing, picked myself up and started over again. They are all more than capable of doing the same. My son's education is paid for, he is fourteen, I enrolled him in Florida Pre-paid (4 years of Tuition, Housing and Meals, Books and Student Fees) the week he was born and paid it off early. If I died tomorrow, my current assets notwithstanding he can go to college if he wants to and not owe one dime. He is hardly fucked. |
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Posted: 4/27/2019 11:27:32 PM EDT
[#30]
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except there's an entire industry built upon "you want $80,000 to get a basket-weaving degree? Sure, I'll lend you that. No problem! After all, you can't ever get out from under that debt. I'm insulated from the consequences of my BAD decision to lend you that money. MUHHAHAHAHAHA!" Show me any other time a bank will give an 18-21yo with no assets an unsecured personal loan for that amount of money. They won't because (1) you don't have enough credit history to know whether you'll pay for it or escape it in bankruptcy, and (2) on top of that, it's unsecured by a tangible asset they could seize. But since you cannot escape it in bankruptcy, they don't care. Making them dischargeable in bankruptcy makes the lenders more cautious. Accounting degree? Yes, we'll lend for that. Basket-weaving? Nope, go ask the First Bank of Mom and Dad. Quote HistoryQuoted:
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If you screw it up by majoring in basketweaving thats on you. Show me any other time a bank will give an 18-21yo with no assets an unsecured personal loan for that amount of money. They won't because (1) you don't have enough credit history to know whether you'll pay for it or escape it in bankruptcy, and (2) on top of that, it's unsecured by a tangible asset they could seize. But since you cannot escape it in bankruptcy, they don't care. Making them dischargeable in bankruptcy makes the lenders more cautious. Accounting degree? Yes, we'll lend for that. Basket-weaving? Nope, go ask the First Bank of Mom and Dad. There are industries that put people in mines and farms and factories, and on average those people are financially worse off then college graduates. Thats the economy. Its a competition notguaranteed equal outcome. Its a competitive free market economy. If you want to compete yourself out by majoring in basketweaving, or flipping burgers, why shoudl my tax money subsidize the extortion where my tax money is used to buy someones vote for Elizabeth Warren? |
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Posted: 4/27/2019 11:28:25 PM EDT
[#31]
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No. Pay your debts. That said, student loans are THE WORST loan scam today. The one solution that will stop subsidization of colleges, reel in usless/worthless diplomas, knock a huge blow to the liberal stronghold in education AND bring worth back to education is allowing the bankruptcy of student loans. |
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Posted: 4/27/2019 11:31:36 PM EDT
[#32]
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How are they fucked? I have two BA's and an MBA, I have worked my ass off to pay off my student loans, and to pay off my house and cars. At no point was I ever given a hand up, I was laid off twice due to H1B's and outsourcing, picked myself up and started over again. They are all more than capable of doing the same. My son's education is paid for, he is fourteen, I enrolled him in Florida Pre-paid (4 years of Tuition, Housing and Meals, Books and Student Fees) the week he was born and paid it off early. If I died tomorrow, my current assets notwithstanding he can go to college if he wants to and not owe one dime. He is hardly fucked. ETA- The big trick here as far as I'm concerned is just getting the government out of the business of providing and protecting student loans. |
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Posted: 4/27/2019 11:32:09 PM EDT
[#33]
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I could say there is an entire industry based on the idea that you should not go to college and go straight to work. Is that the govs problem? There are industries that put people in mines and farms and factories, and on average those people are financially worse off then college graduates. Thats the economy. Its a competition notguaranteed equal outcome. Its a competitive free market economy. If you want to compete yourself out by majoring in basketweaving, or flipping burgers, why shoudl my tax money subsidize the extortion where my tax money is used to buy someones vote for Elizabeth Warren? Quote HistoryQuoted:
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If you screw it up by majoring in basketweaving thats on you. Show me any other time a bank will give an 18-21yo with no assets an unsecured personal loan for that amount of money. They won't because (1) you don't have enough credit history to know whether you'll pay for it or escape it in bankruptcy, and (2) on top of that, it's unsecured by a tangible asset they could seize. But since you cannot escape it in bankruptcy, they don't care. Making them dischargeable in bankruptcy makes the lenders more cautious. Accounting degree? Yes, we'll lend for that. Basket-weaving? Nope, go ask the First Bank of Mom and Dad. There are industries that put people in mines and farms and factories, and on average those people are financially worse off then college graduates. Thats the economy. Its a competition notguaranteed equal outcome. Its a competitive free market economy. If you want to compete yourself out by majoring in basketweaving, or flipping burgers, why shoudl my tax money subsidize the extortion where my tax money is used to buy someones vote for Elizabeth Warren? Besides, I'm not arguing for the government to pay off all these student loans. I'm arguing for something different: make them dischargeable in bankruptcy again. I'd also like to see the federal government completely OUT of the student loan business. It's not Constitutional, it's not necessary, and it distorts the market. |
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Posted: 4/27/2019 11:33:44 PM EDT
[#34]
Socialized medicine, socialized higher education, whatever. Socialize everything. 98% taxation. It's for our own good. We obviously can't handle freedom.
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Posted: 4/27/2019 11:42:24 PM EDT
[#35]
Quote HistoryQuoted: Thank you! Just like everyone bitching around 2007-2008 about "evil corporations" and "evil bankers" that just MADE them buy a 3,000 square foot chipboard McMansion because their 2.5 children just had to have the space. So they bought overpriced crap in an overpriced market, then when the perceived value of it went up $10,000. they used the house as an ATM and got heloc loans so they could go to disney for 2 weeks (another necessity). When Housing Bubble 1.0 burst it damn sure wasn't their fault they made bad decisions! The reason college prices are so high is because the government removed the ability to discharge them in bankruptcy around 1980. Lenders then no longer had any skin in the game, so they don't care about lending out $80,000 for someone to get wymyns studies degrees because that debt follows them for life. This has also been the money funnel growing the postmodern tumor in academia. This should honestly be the right's #1 priority, and removing bankruptcy protection for student loans would be a good way to nuke the SJWs in academia. But dumbfuck boomercon law-and-order types aren't clever enough to form complex analyses. It's about as smart as the people who think "Ya know, If we just outlawed all them guns, nobody would ever use a gun to murder someone!" |
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Posted: 4/27/2019 11:46:28 PM EDT
[#36]
Quote HistoryQuoted: Once upon a time, student loans were dischargeable in bankruptcy. The government created this problem when it changed the laws in the 1970s to make student loans no longer dischargeable in bankruptcy. Besides, I'm not arguing for the government to pay off all these student loans. I'm arguing for something different: make them dischargeable in bankruptcy again. I'd also like to see the federal government completely OUT of the student loan business. It's not Constitutional, it's not necessary, and it distorts the market. On top of that, it demolishes the funding to anti-freedom postmodernist garbage infecting academia. They will be the first to get cut. The republicans should be screaming this solution from the rooftops. Get the youth vote and nuke the funding to SJW think tanks? win-win Unfortunately I think they're too beholden to sucking the finance sector's dick to actually do it. |
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Posted: 4/27/2019 11:49:32 PM EDT
[#37]
Quote HistoryQuoted: I agree about bankruptcy with the understanding the degree, diploma, of the person filing becomes null and void and must be handed over to creditors.  Which is nothing but a vindictive, idiotic ploy. Can the creditors turn the "surrendered degree" into cash?
No. So what use is it to do that? You do realize that there are other unsecured debts out there, right? And that these debts are dischargeable via BK? And, that even tax debt is dischargeable, yes? So what cogent argument exists that the debt shouldn't be dischargeable? That it's government guaranteed....like an SBA loan? |
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Posted: 4/27/2019 11:50:40 PM EDT
[#38]
This thread sure brought out the Arfcom gimmies. Sounds like a few parents got hooked into loans for their kids education in a cool low income 101 degree that won't be paid off by the kid. It's a shame that YOU! think the responsible people that didn't bite off more than they could chew and have paid or are currently paying their loans off get to double down and pay for YOUR! crotchfruit's so called educational debt.
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Posted: 4/27/2019 11:51:10 PM EDT
[#39]
Quote HistoryQuoted:
I work for a 13 trustee. If they made school debt dischargeable, business would be good. Debtor attorneys wouldn't be able to keep up with all the new clients. But now, it's all fucked up, and any change will result in severe economic consequences. Great job, govt! |
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Posted: 4/27/2019 11:51:10 PM EDT
[#40]
Quote HistoryQuoted:
......and removing bankruptcy protection for student loans would be a good way to nuke the SJWs in academia. |
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Posted: 4/27/2019 11:55:45 PM EDT
[#41]
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. Quote HistoryQuoted:
Quoted:
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 11:56:12 PM EDT
[#42]
Pay your debt
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Posted: 4/28/2019 12:02:25 AM EDT
[#43]
Quote HistoryQuoted: ^This is the answer right here. On top of that, it demolishes the funding to anti-freedom postmodernist garbage infecting academia. They will be the first to get cut. The republicans should be screaming this solution from the rooftops. Get the youth vote and nuke the funding to SJW think tanks? win-win Unfortunately I think they're too beholden to sucking the finance sector's dick to actually do it. |
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Posted: 4/28/2019 12:06:44 AM EDT
[#44]
Quote HistoryQuoted:
Pay your debt Put the onus on both sides to make a wise transaction, watch American education benefit greatly at the end of the ensuing bloodbath. |
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Posted: 4/28/2019 12:14:06 AM EDT
[#45]
Quote HistoryQuoted:
^This is the answer right here. On top of that, it demolishes the funding to anti-freedom postmodernist garbage infecting academia. They will be the first to get cut. The republicans should be screaming this solution from the rooftops. Get the youth vote and nuke the funding to SJW think tanks? win-win Unfortunately I think they're too beholden to sucking the finance sector's dick to actually do it. Quote HistoryQuoted:
Quoted: Once upon a time, student loans were dischargeable in bankruptcy. The government created this problem when it changed the laws in the 1970s to make student loans no longer dischargeable in bankruptcy. Besides, I'm not arguing for the government to pay off all these student loans. I'm arguing for something different: make them dischargeable in bankruptcy again. I'd also like to see the federal government completely OUT of the student loan business. It's not Constitutional, it's not necessary, and it distorts the market. On top of that, it demolishes the funding to anti-freedom postmodernist garbage infecting academia. They will be the first to get cut. The republicans should be screaming this solution from the rooftops. Get the youth vote and nuke the funding to SJW think tanks? win-win Unfortunately I think they're too beholden to sucking the finance sector's dick to actually do it. In short, "no" to forgiveness, but "yes" to case by case bankruptcy filings. |
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Posted: 4/28/2019 12:14:53 AM EDT
[#46]
Quote HistoryQuoted:
Sounds like you aren't the type who wouldn't appreciate or benefit from a well rounded education. It's not that I don't value the coursework outside of the hardcore technical classes that are part of a STEM degree, it's simply that they should not be bundled in with that degree. |
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Posted: 4/28/2019 12:18:16 AM EDT
[#47]
Quote HistoryQuoted:
They were told their entire lives that going to a 4 year college for any degree was what they had to do unless they wanted to be a fucking looser. I was told there was an Easter Bunny.... where are my free damn chocolate eggs?? Being an adult means you don't ALWAYS believe what people tell you. Make your own decisions and you get to either reap the reward or suffer the consequences. It is that fear of consequences that encourages careful decision-making. Unless you're in the political camp that thinks the Gov should ensure the same outcome for everyone? |
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Posted: 4/28/2019 12:22:05 AM EDT
[#48]
Quote HistoryQuoted:
07-10 my son and I are dealing with it all now. with the changes to the GSL program and to the Class Warfare by the Dept of Ed, it is almost impossible for universities to even give out appropriate scholarships. education and scholastic merit are gone. money available to the student by grants or the universities are pretty much limited to those who come from households making less than 100k. the game has changed. it changed on our family at halftime. the universities have swollen with students, drastically increased tuition and fee's and point to your mandatory FAFSA and the student loan program for the parents to cosign. |
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Posted: 4/28/2019 12:24:02 AM EDT
[#49]
Quote HistoryQuoted:
No. Pay your debts. |
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Posted: 4/28/2019 12:30:19 AM EDT
[#50]
Quote HistoryQuoted:
I truly believe our system of higher education has been usurped by big money. The effect is noticeable with cost increases in all institutions but one particular branch of higher ED seems to be very versed in sucking the teet of the big banks... https://trends.collegeboard.org/sites/default/files/cp-2018-figure-3.png There has to be some accountability for Federally subsidized student loans. the GSL is corrupted by banks and the .gov entities. the University of Tulsa offered him $80K for 4 years, but their tuition and expenses for Freshmen is roughly $55K my son has gone to private schools his entire life and we were told by schools and universities all along that he would get a full ride based on his performance until last year. within the past 2-3 years something happened. |
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