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Link Posted: 11/12/2015 11:29:09 AM EST
[#1]
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Quoted:

I'm paying Amazon $18 to rent a $200 book for a term.
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They should try starting with some reasonable requests. Like maybe a text book shouldn't cost $200 or maybe prevent teachers from forcing their students to buy a book they wrote. I guarantee they could bring those changes if they tried.



I'm paying Amazon $18 to rent a $200 book for a term.

Yep I rent all of my books from Amazon unless I need it for a calc series or something like that. Doesn't make sense to buy it.
Link Posted: 11/12/2015 11:30:04 AM EST
[#2]
Dumbasses, if it's "free" it ain't worth shit.
Link Posted: 11/12/2015 11:30:23 AM EST
[#3]
Any bets on what the most common majors that are going to go on strike will be?

Link Posted: 11/12/2015 11:31:04 AM EST
[#4]
Link Posted: 11/12/2015 11:31:21 AM EST
[#5]
Should people who incur student debt have to pay it back? Yes - of course.



But the current system is a joke.  




Yes - it makes sense to take classes / get a degree that equate to a career / job that actually is in demand.  I get that, it's common sense.  




But the current system doesn't give a shit what degree / classes you are taking.  They will get their money one way or the other.  




Loan sharks don't give a shit why you are borrowing money from them - they just want it paid back with interest.




What is amusing and scary at the same time is that the liberal educators are now seeing the cause and effect of the shit they've been spewing.  It's okay to redistribute wealth, as long as it doesn't fuck with their salary or their tenure.




Do as I say, not as I do.






Link Posted: 11/12/2015 11:32:38 AM EST
[#6]
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I paid mine of about 8 years ago. If they get this, do I get a backdated check for mine?
View Quote

yeah me too. Why should they get a free ride. I worked my ass off with two jobs  because I wanted to be rid of it as fast as possible.  I had no social life or money for like  shoot close to ten years.
Link Posted: 11/12/2015 11:33:14 AM EST
[#7]
As soon as the Fed took over student loans, this was a no-brainer.|

In fact Obama was so angry it hadn't started earlier, he had to come out with the free first two years of college crap to get the little ingrates off their asses.
Link Posted: 11/12/2015 11:33:22 AM EST
[#8]
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Quoted:
College, Military or Trade schools.

The gov is already pretty much subsidizing higher education. Make community colleges free and help educate our population. It's one of the few things I don't mind my tax dollars going to. Better than social security or Medicaid.

It's an investment in our future.
View Quote

its more like the fed needs an outlet for printed money.  Debt based economy and money for the win!
Link Posted: 11/12/2015 11:34:21 AM EST
[#9]
Well hey god dammit, I want all that money back from my student loans, with interest. It was only 27 years ago?
It's not fair that I had to bust my ass to pay it back.

Sounds reasonable doesn't it?

Link Posted: 11/12/2015 11:34:22 AM EST
[#10]
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Easy to do when people can't get a job. Maybe they should sell a kidney or half a liver?
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Dear student debt holders:

PAY YOUR OWN FUCKING BILLS!!!!!!!!!!!!!!!!!!!!!!



Easy to do when people can't get a job. Maybe they should sell a kidney or half a liver?

We are hiring, All the time. Maybe they need to be not Lazy and get their hands dirty.
Link Posted: 11/12/2015 11:34:35 AM EST
[#11]
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Quoted:


For the sake of argument, lets assume everything you ate saying is true.

Now, WHY is college so expensive? If you van honestly answer that question, it'll blow your demand for free college out of the water. I don't suspect you'll be able to answer that question honestly though
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These ass hats can piss up a rope.  If you can't afford college, don't  go.  If you go, get a degree that is usable in this economy.  Personally, I've advised both my kids to not go to college.  My oldest prefers working two jobs and is making  bank!  Youngest is graduating HS early next year and has no desire to go to school.  I'm not pushing it either.  If either decides later to go, their decision, their dime.


Nobody but the independently wealthy can afford to go to college right now.

Take away easy student loans and look at the cost. College Costs more a year than most college grads make their first year out.

We would end up with 1% of the population educated and even dumber than we are now.


For the sake of argument, lets assume everything you ate saying is true.

Now, WHY is college so expensive? If you van honestly answer that question, it'll blow your demand for free college out of the water. I don't suspect you'll be able to answer that question honestly though


Easy Loans. Easy money.

If we are going to pay trillions and saddle the populace with debt they can never pay (and not buy houses or cars or other economic stimulating activites) While schools get rich and student loan companies privatize the profits and subsidize the losses

I would rather we pay trillions and have a more educated population NOT saddled with debt who are out there buying cars and houses and fuel and working a job that they can support themselves with.

And they wonder why H1-B visas keep pouring in as companies bring in highly educated 3rd worlders who still shit in a pipe to work for a fraction of what they pay people here.

It's not just college. Do the same thing with trade schools. Get the unions out of the education portion and watch labor costs lower.  My cousin is a Elevator Unionman. Its a racket where they only hire family and friends. He started out at $25/hr and in 5 years will be making $75/hr.   Makes more money than me with a degree in a pretty good job that requires technical/mgmt/educational skills.  All he did was get lucky enough to knock up the daughter of one of the union reps.

It's all about getting the inflated costs out of the system and lowering cost of living.  It has a ripple effect on the economy.

We have millions of people who want to work, let supply meet demand.
Link Posted: 11/12/2015 11:35:12 AM EST
[#12]
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Quoted:


Lets see:

Guaranteed 50-150K loans the person can't ever pay back (50k?? Really? That's the price of a nice car.150k? That's half the price of a house around here. Can't pay off 150k? Don't go to expensive school.)
Lack of jobs or unwilling to take a job because most of their check will be garnished for failure to pay a loan. Know how much a 80K loan costs @ 6%-8% interest?  One that you can actually pay of in under 10/15 years? (Where is 80k taxed at 6-8%? My friend in law school doesn't even pay that much (7% and some change is the highest interest rate). Undergrad loan rates are about half that for the most part.) Can't find a job to pay off your loan? Sounds like extremely poor planning on your part. Sound more like an unwillingness to accept any job that pays less than 100k a year, plus benefits.)
People on unemployment due to laziness lack of jobs.

VS.
Gov paying about 1/4 to to 1/3 of what they are currently subsidizing.
Overall cost of education going down due to lack of easy subsidized loans
Young adults who graduate with little debt and can take a job for less money and live off it.  This results in more tax revenue to offset the cost.
Higher percentage of the poulation finishes school vs quits due to cost. Even those that do quit, won't be saddled with 10's of thousands in debt with no degree to help with earning the payback.
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All this does is take the money away from the schools and lenders and helps brings costs back down to reality.
It will probably cost less in tax dollars.  Without the massive debt, the kids can take lower paying jobs and pay taxes instead of sitting around collecting unemployment.



Awww.....don't laugh man, it's adorable.


Lets see:

Guaranteed 50-150K loans the person can't ever pay back (50k?? Really? That's the price of a nice car.150k? That's half the price of a house around here. Can't pay off 150k? Don't go to expensive school.)
Lack of jobs or unwilling to take a job because most of their check will be garnished for failure to pay a loan. Know how much a 80K loan costs @ 6%-8% interest?  One that you can actually pay of in under 10/15 years? (Where is 80k taxed at 6-8%? My friend in law school doesn't even pay that much (7% and some change is the highest interest rate). Undergrad loan rates are about half that for the most part.) Can't find a job to pay off your loan? Sounds like extremely poor planning on your part. Sound more like an unwillingness to accept any job that pays less than 100k a year, plus benefits.)
People on unemployment due to laziness lack of jobs.

VS.
Gov paying about 1/4 to to 1/3 of what they are currently subsidizing.
Overall cost of education going down due to lack of easy subsidized loans
Young adults who graduate with little debt and can take a job for less money and live off it.  This results in more tax revenue to offset the cost.
Higher percentage of the poulation finishes school vs quits due to cost. Even those that do quit, won't be saddled with 10's of thousands in debt with no degree to help with earning the payback.

Link Posted: 11/12/2015 11:35:31 AM EST
[#13]
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I spent time as a shovel operator.
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Education is a right?

Your money is a right of theirs.

And screw it, the world needs ditch diggers too.



Digging ditches is a good motivator to learn a trade or go to college.

I spent time as a shovel operator.


I shoveled coal that fell off the conveyor back onto the conveyor belt.

Fuck these people.

This country is lost.
Link Posted: 11/12/2015 11:36:02 AM EST
[#14]
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Quoted:


Lets see:

Guaranteed 50-150K loans the person can't ever pay back
Lack of jobs or unwilling to take a job because most of their check will be garnished for failure to pay a loan. Know how much a 80K loan costs @ 6%-8% interest?  One that you can actually pay of in under 10/15 years?
People on unemployment due to lack of jobs.

VS.
Gov paying about 1/4 to to 1/3 of what they are currently subsidizing.
Overall cost of education going down due to lack of easy subsidized loans
Young adults who graduate with little debt and can take a job for less money and live off it.  This results in more tax revenue to offset the cost.
Higher percentage of the poulation finishes school vs quits due to cost. Even those that do quit, won't be saddled with 10's of thousands in debt with no degree to help with earning the payback.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
Quoted:
Quoted:

All this does is take the money away from the schools and lenders and helps brings costs back down to reality.
It will probably cost less in tax dollars.  Without the massive debt, the kids can take lower paying jobs and pay taxes instead of sitting around collecting unemployment.



Awww.....don't laugh man, it's adorable.


Lets see:

Guaranteed 50-150K loans the person can't ever pay back
Lack of jobs or unwilling to take a job because most of their check will be garnished for failure to pay a loan. Know how much a 80K loan costs @ 6%-8% interest?  One that you can actually pay of in under 10/15 years?
People on unemployment due to lack of jobs.

VS.
Gov paying about 1/4 to to 1/3 of what they are currently subsidizing.
Overall cost of education going down due to lack of easy subsidized loans
Young adults who graduate with little debt and can take a job for less money and live off it.  This results in more tax revenue to offset the cost.
Higher percentage of the poulation finishes school vs quits due to cost. Even those that do quit, won't be saddled with 10's of thousands in debt with no degree to help with earning the payback.

What makes you think that the feds would pay, and the schools would accept, substantially less in tuition?

Also why are you discounting the option of not going to college in the first place?
Link Posted: 11/12/2015 11:36:48 AM EST
[#15]
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Communism/socialism colors and icons. Nice.
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First thing I saw too.
Link Posted: 11/12/2015 11:39:21 AM EST
[#16]
They took over all of America's great institutions
They run the entertainment industry and brainwash from cradle to grave
The nation of our founding fathers was based on Christianity and it's principles no other people is fit to live under a democracy
A soul crushing totalitarian government is in the making
Marx once stated that religion is the opiate of the people....of course that was just another of his and his people's lies.
In our age entertainment is the opiate of the people and it comes with a spiritual price and the end the loss of everything
our country was founded to be.
Link Posted: 11/12/2015 11:39:26 AM EST
[#17]
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Guess they should have flipped burgers and shoveled dirt if they had no means of paying it back. Taxpayers should not be burdened with these idiots bad decisions. I never asked anyone to pay my bills. I took responsibility and they need to do the same. GO FLIP BURGERS. Pay your bills and quit making bills until you get it caught up.
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Dear student debt holders:

PAY YOUR OWN FUCKING BILLS!!!!!!!!!!!!!!!!!!!!!!



Easy to do when people can't get a job. Maybe they should sell a kidney or half a liver?


Guess they should have flipped burgers and shoveled dirt if they had no means of paying it back. Taxpayers should not be burdened with these idiots bad decisions. I never asked anyone to pay my bills. I took responsibility and they need to do the same. GO FLIP BURGERS. Pay your bills and quit making bills until you get it caught up.


Ranger buddy of mine with half a dozen deployments went to college and got a GIS degree. Can't find a job ANYWHERE, other than using his class A CDL to drive a truck.

What part of there are no jobs does not make sense? The trades were gutted, most mid level support jobs like marketing,ect have been gutted. Companies have squeezed out people due to rising costs and a shitty economy.  Those that do have jobs, probably had their work hours cut due to obamacare so now they are trying to survive on 28hrs a week instead of 40, not to mention no health care.

The gov cooks the CPI/unemployment numbers. Almost 1/3 of the country is out of work. Thats over 100 Million people.  

So please tell me where all these jobs are?

Link Posted: 11/12/2015 11:39:28 AM EST
[#18]
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[snip]
If we are going to pay trillions and saddle the populace with debt they can never pay (and not buy houses or cars or other economic stimulating activites) While schools get rich and student loan companies privatize the profits and subsidize the losses
[snip]
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Didn't the US government take over student loans? (And drive up the interest rate once they took it from the private sector?)
Link Posted: 11/12/2015 11:40:52 AM EST
[#19]
We are.  So.  Boned.
Link Posted: 11/12/2015 11:41:24 AM EST
[#20]
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o.0 Who can't get a job? I see flyers all the time around my college town. "can't find a job" is the excuse of the lazy. This isn't the crash of 2008-2009...

Want free college? Join the military (most of the people the complain about student debt are eligible to serve in my experience).
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Dear student debt holders:

PAY YOUR OWN FUCKING BILLS!!!!!!!!!!!!!!!!!!!!!!



Easy to do when people can't get a job. Maybe they should sell a kidney or half a liver?


o.0 Who can't get a job? I see flyers all the time around my college town. "can't find a job" is the excuse of the lazy. This isn't the crash of 2008-2009...

Want free college? Join the military (most of the people the complain about student debt are eligible to serve in my experience).


I did just that. Paid for college and then some.  

Only about 20% of the population is eligible for military service (at whatever standard they have now).  What do you do with everyone else?
Link Posted: 11/12/2015 11:43:33 AM EST
[#21]
Guess I will march, I deserve a free house.
Link Posted: 11/12/2015 11:43:53 AM EST
[#22]
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I did just that. Paid for college and then some.  

Only about 20% of the population is eligible for military service (at whatever standard they have now).  What do you do with everyone else?
View Quote

You seem to have answered your own question with your first sentence.

And again, why is not getting a degree not an option?
Link Posted: 11/12/2015 11:44:25 AM EST
[#23]
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Quoted:


Ranger buddy of mine with half a dozen deployments went to college and got a GIS degree. Can't find a job ANYWHERE, other than using his class A CDL to drive a truck.
Ent
What part of there are no jobs does not make sense? The trades were gutted, most mid level support jobs like marketing,ect have been gutted. Companies have squeezed out people due to rising costs and a shitty economy.  Those that do have jobs, probably had their work hours cut due to obamacare so now they are trying to survive on 28hrs a week instead of 40, not to mention no health care.

The gov cooks the CPI/unemployment numbers. Almost 1/3 of the country is out of work. Thats over 100 Million people.  

So please tell me where all these jobs are?

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Quoted:
Quoted:
Quoted:
Quoted:
Dear student debt holders:

PAY YOUR OWN FUCKING BILLS!!!!!!!!!!!!!!!!!!!!!!



Easy to do when people can't get a job. Maybe they should sell a kidney or half a liver?


Guess they should have flipped burgers and shoveled dirt if they had no means of paying it back. Taxpayers should not be burdened with these idiots bad decisions. I never asked anyone to pay my bills. I took responsibility and they need to do the same. GO FLIP BURGERS. Pay your bills and quit making bills until you get it caught up.


Ranger buddy of mine with half a dozen deployments went to college and got a GIS degree. Can't find a job ANYWHERE, other than using his class A CDL to drive a truck.
Ent
What part of there are no jobs does not make sense? The trades were gutted, most mid level support jobs like marketing,ect have been gutted. Companies have squeezed out people due to rising costs and a shitty economy.  Those that do have jobs, probably had their work hours cut due to obamacare so now they are trying to survive on 28hrs a week instead of 40, not to mention no health care.

The gov cooks the CPI/unemployment numbers. Almost 1/3 of the country is out of work. Thats over 100 Million people.  

So please tell me where all these jobs are?



So your solution is the gooberment (taxpayer) bail them out?

A little more socialist welfare

ETA: I'm not saying there are jobs. Sounds like you buddy did it the right way but maybe he's going to have to settle for less for a while. (I don't look for it to get better). If there's no jobs for the educated nit wits when they come out then why go. Common sense
Link Posted: 11/12/2015 11:45:39 AM EST
[#24]
When are these assholes going to find out that nothing is for free.
Link Posted: 11/12/2015 11:48:23 AM EST
[#25]
Can't blame them for trying.


Before you jump all over me..........

I'm not saying they are right, but there's an old saying that says, "strike while the iron is hot". With the silliest of demands being caved into for every little thing to appease people these days, I'm just saying that they picked the right time. Seems like every whiner is getting what they want right now. They believe they see an opportunity at this time.  I'm sure promises will be made, yeah....."free" this....."free" that....

But in reality, professors will not work for free, books will still cost $, heat will have to be left on in the buildings, the electric company will still send the lighting bill, etc.

Ain't nuthin' "free". But you wouldn't know that with a degree in "Puppet Arts" or "Bitter Women's Issues".
Link Posted: 11/12/2015 11:49:06 AM EST
[#26]
Link Posted: 11/12/2015 11:49:54 AM EST
[#27]
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Oh, nice. It's about money AND the plight of poor Palestinians.

Will they be stabbing anyone in the march to show their solidarity with the palifucktards?
Link Posted: 11/12/2015 11:50:24 AM EST
[#28]
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Quoted:
When are these assholes going to find out that nothing is for free.
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I'd buy tickets to see the looks on their faces when they figure it out.
Link Posted: 11/12/2015 11:53:19 AM EST
[#29]
So, when do we hang the commie supporters?
Link Posted: 11/12/2015 11:53:53 AM EST
[#30]
Give them a shovel and a job, let them work their way through school.
Link Posted: 11/12/2015 11:54:55 AM EST
[#31]
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Quoted:

View Quote View All Quotes
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Quoted:
Quoted:
Quoted:
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Quoted:

All this does is take the money away from the schools and lenders and helps brings costs back down to reality.
It will probably cost less in tax dollars.  Without the massive debt, the kids can take lower paying jobs and pay taxes instead of sitting around collecting unemployment.



Awww.....don't laugh man, it's adorable.


Lets see:

Guaranteed 50-150K loans the person can't ever pay back (50k?? Really? That's the price of a nice car.150k? That's half the price of a house around here. Can't pay off 150k? Don't go to expensive school.)
Lack of jobs or unwilling to take a job because most of their check will be garnished for failure to pay a loan. Know how much a 80K loan costs @ 6%-8% interest?  One that you can actually pay of in under 10/15 years? (Where is 80k taxed at 6-8%? My friend in law school doesn't even pay that much (7% and some change is the highest interest rate). Undergrad loan rates are about half that for the most part.) Can't find a job to pay off your loan? Sounds like extremely poor planning on your part. Sound more like an unwillingness to accept any job that pays less than 100k a year, plus benefits.)
People on unemployment due to laziness lack of jobs.

VS.
Gov paying about 1/4 to to 1/3 of what they are currently subsidizing.
Overall cost of education going down due to lack of easy subsidized loans
Young adults who graduate with little debt and can take a job for less money and live off it.  This results in more tax revenue to offset the cost.
Higher percentage of the poulation finishes school vs quits due to cost. Even those that do quit, won't be saddled with 10's of thousands in debt with no degree to help with earning the payback.



LOL.

How many kids coming out of college making $25-30K a year are buying a $50K car?  How much is a $150K home loan over 30 years?   You expect them to pay for their student loan over 20-30 years? they will pay more in interested then the actual loan, like a house.  Difference is you need a house to survive.

Kid coming out of school making $30K a year is pulling in maybe $1K every 2 weeks. Lets assume they live in a tax free state and they still have a decent health care plan that costs around $100/mo (which is a pipe dream)

That is $2K a month to live.

$150K loan @ 3.92% is  $709 a month (plus insurence)
$50K Car @ 3% for 5 years is $ 898 a month (plus insurance)
$50K student loan @ 6.5% for 10 years is $568 a month

I'm just proving a point. I know people who are highly educated with good jobs paying over $1500/mo in student loans just to pay them off before 10 years.

The cost of school is crazy, even for a decent state school.  You have a choice of either not going to college and making shit for the rest of your life (unless you get lucky with a trade) or pay the piper and get saddled with debt hoping there is a good job on the other end.
There are legions of engineer grads who can't find jobs.  Just because you get a STEM degree doesn't guarantee a $50K a year job.  Good luck getting a quality Mechanical/Electrical/Petro engineering degree from a shitty community college.
Link Posted: 11/12/2015 11:55:22 AM EST
[#32]
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Be careful what you wish for, kids. If someone else is paying for your education, they get to set the rules regarding what you study and how you are assessed. They will probably expect you to work off that college debt.

The State needs more aerospace engineers, not women's studies majors.
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YEP, THIS. Belgium has free higher education, for the top 25 or so percent of students leaving highschool, then freshmen the top 50% get to keep their education nfree, sophmores... so of the 1000 HS graduates, like 200 will graduate. but they studied DANM hard.
Link Posted: 11/12/2015 11:55:23 AM EST
[#33]
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So, when do we hang the commie supporters?
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This post works very well with your avatar!
Link Posted: 11/12/2015 11:55:55 AM EST
[#34]
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Quoted:
I paid mine of about 8 years ago. If they get this, do I get a backdated check for mine?
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This
Link Posted: 11/12/2015 11:57:04 AM EST
[#35]
You notice they only want if free, they could give a shit less what it costs.  Now if they were protesting the high cost of college that would be different.
Link Posted: 11/12/2015 11:58:07 AM EST
[#36]
This problem should be easy enough to solve.  Just tell these sheep that if they jump off this bridge they can get all of their debt forgiven.

Link Posted: 11/12/2015 12:00:01 PM EST
[#37]
If they get their college debt forgiven do I get my college debt forgiven?

If they can repay these things that would be great.

- almost 4 years served overseas
- threat of getting my ass shot/blown off
- having brothers get wounded and killed
- emotional and physical toll on my body
- time away from family and all the important events I missed back home
- Benchmade Auto that some Afghan kid stole
- sleepless nights spent running back to the makeshift porta-shitter because I'm pretty sure I had dysentery from the local food


In all seriousness, I am not asking for repayment or compensation of anything, just making a point that college and things in general are not free and shouldn't be free. Everybody pays a price for something that has value. I don't regret anything and I would do it all over again in a heartbeat and I anxiously await my chance to answer the call, again.
Link Posted: 11/12/2015 12:00:21 PM EST
[#38]
Discussion ForumsJump to Quoted PostQuote History
Quoted:

What makes you think that the feds would pay, and the schools would accept, substantially less in tuition?

Also why are you discounting the option of not going to college in the first place?
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
Quoted:
Quoted:
Quoted:

All this does is take the money away from the schools and lenders and helps brings costs back down to reality.
It will probably cost less in tax dollars.  Without the massive debt, the kids can take lower paying jobs and pay taxes instead of sitting around collecting unemployment.



Awww.....don't laugh man, it's adorable.


Lets see:

Guaranteed 50-150K loans the person can't ever pay back
Lack of jobs or unwilling to take a job because most of their check will be garnished for failure to pay a loan. Know how much a 80K loan costs @ 6%-8% interest?  One that you can actually pay of in under 10/15 years?
People on unemployment due to lack of jobs.

VS.
Gov paying about 1/4 to to 1/3 of what they are currently subsidizing.
Overall cost of education going down due to lack of easy subsidized loans
Young adults who graduate with little debt and can take a job for less money and live off it.  This results in more tax revenue to offset the cost.
Higher percentage of the poulation finishes school vs quits due to cost. Even those that do quit, won't be saddled with 10's of thousands in debt with no degree to help with earning the payback.

What makes you think that the feds would pay, and the schools would accept, substantially less in tuition?

Also why are you discounting the option of not going to college in the first place?


They would HAVE to in order to not go belly up.  They are 90% funded through tuition. If there availability of overinflated student loan money were to dry up, they would be forced to cut costs (like $5M landscaping budgets and overpaid teachers) to meet the lower tuition costs.
The inflation rate of education is insane. No one but the independently wealth can afford to go to a decent school without gov back or crazy interest private loans.

Get the profits out of education (atleast at the local/state school level) and watch prices drop.  Hell look at many of the Ivy league schools with BILLIONS in endowments, yet they still charge people out the ass because of easy student loan money.  Take that away and they will be forced to lower costs.  They have enough money to make education free for the majority of the students. If they want to play the for profit game, take all gov programs/grants/research money off the table and they can fund it from their trust fund friends.
Link Posted: 11/12/2015 12:01:25 PM EST
[#39]
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Didn't the US government take over student loans? (And drive up the interest rate once they took it from the private sector?)
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If we are going to pay trillions and saddle the populace with debt they can never pay (and not buy houses or cars or other economic stimulating activites) While schools get rich and student loan companies privatize the profits and subsidize the losses
[snip]

Didn't the US government take over student loans? (And drive up the interest rate once they took it from the private sector?)


Yes, in 2006.  Went from about a 4.5% interest rate to 6.8% overnight.
Link Posted: 11/12/2015 12:01:42 PM EST
[#40]
Discussion ForumsJump to Quoted PostQuote History
Quoted:

Didn't the US government take over student loans? (And drive up the interest rate once they took it from the private sector?)
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[snip]
If we are going to pay trillions and saddle the populace with debt they can never pay (and not buy houses or cars or other economic stimulating activites) While schools get rich and student loan companies privatize the profits and subsidize the losses
[snip]

Didn't the US government take over student loans? (And drive up the interest rate once they took it from the private sector?)


They basically guarantee the loan. So the company keeps all the profits but if the loan defaults, then the gov pays them (while going after the student who can't discharge the loan in bankruptcy)
Link Posted: 11/12/2015 12:02:10 PM EST
[#41]
It's getting to the point that I want to just start punching people.
Link Posted: 11/12/2015 12:03:04 PM EST
[#42]
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You seem to have answered your own question with your first sentence.

And again, why is not getting a degree not an option?
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I did just that. Paid for college and then some.  

Only about 20% of the population is eligible for military service (at whatever standard they have now).  What do you do with everyone else?

You seem to have answered your own question with your first sentence.

And again, why is not getting a degree not an option?


Trades are all but dead. MOST jobs over $10/hr require a degree.

It's always an option, especially if poverty looks attractive.
Link Posted: 11/12/2015 12:03:22 PM EST
[#43]
Learn a skill or trade in demand in or out of college ----->profit

Get a degree that helps you get a job in a career that is high in demand and income ----->profit

Waste time and money getting a degree in MOST of the various social science degrees (especially from private colleges) with little demand for higher income or employment --------> poor life decision = staying poor with lots of debt. Not anyone's fault except the individual.



Link Posted: 11/12/2015 12:05:07 PM EST
[#44]

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Quoted:
They would HAVE to in order to not go belly up.  They are 90% funded through tuition. If there availability of overinflated student loan money were to dry up, they would be forced to cut costs (like $5M landscaping budgets and overpaid teachers) to meet the lower tuition costs.

The inflation rate of education is insane. No one but the independently wealth can afford to go to a decent school without gov back or crazy interest private loans.



Get the profits out of education (atleast at the local/state school level) and watch prices drop.  Hell look at many of the Ivy league schools with BILLIONS in endowments, yet they still charge people out the ass because of easy student loan money.  Take that away and they will be forced to lower costs.  They have enough money to make education free for the majority of the students. If they want to play the for profit game, take all gov programs/grants/research money off the table and they can fund it from their trust fund friends.

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Quoted:

<multiple snips>





They would HAVE to in order to not go belly up.  They are 90% funded through tuition. If there availability of overinflated student loan money were to dry up, they would be forced to cut costs (like $5M landscaping budgets and overpaid teachers) to meet the lower tuition costs.

The inflation rate of education is insane. No one but the independently wealth can afford to go to a decent school without gov back or crazy interest private loans.



Get the profits out of education (atleast at the local/state school level) and watch prices drop.  Hell look at many of the Ivy league schools with BILLIONS in endowments, yet they still charge people out the ass because of easy student loan money.  Take that away and they will be forced to lower costs.  They have enough money to make education free for the majority of the students. If they want to play the for profit game, take all gov programs/grants/research money off the table and they can fund it from their trust fund friends.



You do realize that the schools could do this of their own volition, with no government involvement?



Why is it the government's responsibility to "force" this?



 
Link Posted: 11/12/2015 12:05:09 PM EST
[#45]
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Quoted:


Trades are all but dead. MOST jobs over $10/hr require a degree.

It's always an option, especially if poverty looks attractive.
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I did just that. Paid for college and then some.  

Only about 20% of the population is eligible for military service (at whatever standard they have now).  What do you do with everyone else?

You seem to have answered your own question with your first sentence.

And again, why is not getting a degree not an option?


Trades are all but dead. MOST jobs over $10/hr require a degree.

It's always an option, especially if poverty looks attractive.

I don't currently have a degree and have professional certifications in three careers that pay much better than $10/hr.  No trade unions involved.
Link Posted: 11/12/2015 12:05:18 PM EST
[#46]
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I'm paying Amazon $18 to rent a $200 book for a term.
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They should try starting with some reasonable requests. Like maybe a text book shouldn't cost $200 or maybe prevent teachers from forcing their students to buy a book they wrote. I guarantee they could bring those changes if they tried.



I'm paying Amazon $18 to rent a $200 book for a term.

Renting doesn't work for engineering and other sciences, you need all your prior books as reference material.

Kharn

Posted Via AR15.Com Mobile
Link Posted: 11/12/2015 12:05:36 PM EST
[#47]
If I wanted college to suck in quality as much as high school, I would have just stayed in high school for another 7 years!
Link Posted: 11/12/2015 12:05:38 PM EST
[#48]
What...special....little snowflakes.


I feel like I've gone to a psychic who can see the future and apparently this psychic also has a really keen ability to replicate the sound of a toilet flushing.
Link Posted: 11/12/2015 12:06:03 PM EST
[#49]
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I spent time as a shovel operator.
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Education is a right?

Your money is a right of theirs.

And screw it, the world needs ditch diggers too.



Digging ditches is a good motivator to learn a trade or go to college.

I spent time as a shovel operator.


I was an excellent mop technician.
Link Posted: 11/12/2015 12:06:37 PM EST
[#50]
They should have taken Econ 110.
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