• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Great Solution for the $1 Trillion Student Loan Crisis

CalGun

Banned
DP Veteran
Joined
Nov 7, 2012
Messages
7,039
Reaction score
3,268
Location
Denio Junction
Gender
Undisclosed
Political Leaning
Other
Why can't those who have jobs simply start paying more taxes, and those without jobs enlist in the military; after 6 years of service in the military at 75% pay their debt can be considered paid. Why are all the solutions give, waive, pass on and hand out? These people agreed to a loan they should pay it back. Its a darn shame we lent these people money to begin with.
 

KevinKohler

DP Veteran
Joined
Oct 4, 2011
Messages
26,773
Reaction score
12,979
Location
CT
Gender
Male
Political Leaning
Undisclosed
Why can't those who have jobs simply start paying more taxes, and those without jobs enlist in the military; after 6 years of service in the military at 75% pay their debt can be considered paid. Why are all the solutions give, waive, pass on and hand out? These people agreed to a loan they should pay it back. Its a darn shame we lent these people money to begin with.

First, not everyone is cut out for the military. They're just not gonna be good soldiers. Then there's the tiny problem of not needing more than we are already recruiting. Then the issue of cost per soldier, plus cost per loan to be paid off with tax dollars per soldier.
 

Fisher

DP Veteran
Joined
Sep 18, 2012
Messages
17,002
Reaction score
6,913
Gender
Male
Political Leaning
Very Liberal
Why can't those who have jobs simply start paying more taxes, and those without jobs enlist in the military; after 6 years of service in the military at 75% pay their debt can be considered paid. Why are all the solutions give, waive, pass on and hand out? These people agreed to a loan they should pay it back. Its a darn shame we lent these people money to begin with.

So your solution to student loan debt is that people have to pay more taxes so they will have less to payoff their student loan debt and that will fix everything?

Admit it--You were one of the architects of Obamacare, weren't you?
 

ttwtt78640

Sometimes wrong
DP Veteran
Joined
May 22, 2012
Messages
89,783
Reaction score
53,439
Location
Uhland, Texas
Gender
Male
Political Leaning
Libertarian
Why can't those who have jobs simply start paying more taxes, and those without jobs enlist in the military; after 6 years of service in the military at 75% pay their debt can be considered paid. Why are all the solutions give, waive, pass on and hand out? These people agreed to a loan they should pay it back. Its a darn shame we lent these people money to begin with.

Those options buy votes with other people's money. ;)

Have you not noticed that trend in our congress critters' actions before?
 

specklebang

Discount Philosopher
DP Veteran
Joined
Jan 13, 2012
Messages
11,524
Reaction score
6,769
Location
Las Vegas
Gender
Undisclosed
Political Leaning
Other
Why can't those who have jobs simply start paying more taxes, and those without jobs enlist in the military; after 6 years of service in the military at 75% pay their debt can be considered paid. Why are all the solutions give, waive, pass on and hand out? These people agreed to a loan they should pay it back. Its a darn shame we lent these people money to begin with.

You're on the right track although I think you might not want 6 years.

I forced/bribed my son into the Army, and his college was pretty much paid for. It's not a solution for everyone but nothing will do more to help you on the right path if that's what you want for yourself.

CalGun and Specklebang on the same page. Has Hell frozen over?
 

specklebang

Discount Philosopher
DP Veteran
Joined
Jan 13, 2012
Messages
11,524
Reaction score
6,769
Location
Las Vegas
Gender
Undisclosed
Political Leaning
Other
So your solution to student loan debt is that people have to pay more taxes so they will have less to payoff their student loan debt and that will fix everything?

Admit it--You were one of the architects of Obamacare, weren't you?

I don't think he meant it to come out that way. At least I hope so.
 

KevinKohler

DP Veteran
Joined
Oct 4, 2011
Messages
26,773
Reaction score
12,979
Location
CT
Gender
Male
Political Leaning
Undisclosed
I wanted to join the Army as a career, but I have Microtia, which keeps me from hearing out the right side of my ear. Recruiters felt that was a deal breaker.

Now granted, not everyone has a disability, but it's more than just a whole and hale body that's makes a soldier, guys. A lot of people just aren't cut out for it.
 

CalGun

Banned
DP Veteran
Joined
Nov 7, 2012
Messages
7,039
Reaction score
3,268
Location
Denio Junction
Gender
Undisclosed
Political Leaning
Other
We can create a special unit for them; call them point men. Save the lives of plenty of good soldiesr that way !


First, not everyone is cut out for the military. They're just not gonna be good soldiers. Then there's the tiny problem of not needing more than we are already recruiting. Then the issue of cost per soldier, plus cost per loan to be paid off with tax dollars per soldier.
 

CalGun

Banned
DP Veteran
Joined
Nov 7, 2012
Messages
7,039
Reaction score
3,268
Location
Denio Junction
Gender
Undisclosed
Political Leaning
Other
Only the students - not the rest of us.

Student is crying about the debt they agreed to repay. So waive it, it no longer appears on their credit, and they don't have any required payments. In return let them pay a higher income tax for life. 10% more should cover it. Give them the choice - pay it back or pay it in taxes. I dont' care which - just so long as we aren't giving it to them for free.


So your solution to student loan debt is that people have to pay more taxes so they will have less to payoff their student loan debt and that will fix everything?

Admit it--You were one of the architects of Obamacare, weren't you?
 

Captain Adverse

Classical Liberal Sage
DP Veteran
Joined
Jun 22, 2013
Messages
18,878
Reaction score
24,971
Location
Mid-West USA
Gender
Male
Political Leaning
Other
Why can't those who have jobs simply start paying more taxes, and those without jobs enlist in the military; after 6 years of service in the military at 75% pay their debt can be considered paid. Why are all the solutions give, waive, pass on and hand out? These people agreed to a loan they should pay it back. Its a darn shame we lent these people money to begin with.


My solution would be to stop all student loans. Then have the government buy all the outstanding loans from all lenders at the original amount still outstanding that was loaned, without applying any current interest. Interest already paid to the lender's will be all they get.

Then, only require repayment of the outstanding original loan amount without interest. I'd suggest adding a 10% automatic garnishment of all wages and/or benefit payments to insure repayment occurs at pace.
 

GhostlyJoe

DP Veteran
Joined
Nov 20, 2009
Messages
4,733
Reaction score
2,439
Location
here
Gender
Male
Political Leaning
Slightly Liberal
God forbid we use our vast resources to educate our citizenry.
 

GhostlyJoe

DP Veteran
Joined
Nov 20, 2009
Messages
4,733
Reaction score
2,439
Location
here
Gender
Male
Political Leaning
Slightly Liberal
My solution would be to stop all student loans. Then have the government buy all the outstanding loans from all lenders at the original amount still outstanding that was loaned, without applying any current interest. Interest already paid to the lender's will be all they get.

Then, only require repayment of the outstanding original loan amount without interest. I'd suggest adding a 10% automatic garnishment of all wages and/or benefit payments to insure repayment occurs at pace.

A better idea. I believe student loan interest rates should be very low to begin with, especially since they have government backing.
 

Fisher

DP Veteran
Joined
Sep 18, 2012
Messages
17,002
Reaction score
6,913
Gender
Male
Political Leaning
Very Liberal
Only the students - not the rest of us.

Student is crying about the debt they agreed to repay. So waive it, it no longer appears on their credit, and they don't have any required payments. In return let them pay a higher income tax for life. 10% more should cover it. Give them the choice - pay it back or pay it in taxes. I dont' care which - just so long as we aren't giving it to them for free.

Yeah that is exactly the wrong thing to do. There is no market pressure on colleges and universities to contain costs and, therefore, tuition. Non-teaching expenses have been overtaking teaching expenses as colleges build luxury living quarters, movie theaters, mac daddy student centers that look like shopping malls, and the like.

The smarter move, which nobody agrees with, is to require colleges to start writing down tuition costs for students receiving government loans just like they do with medical benefits. If you want students to be able to go here, you will have to charge X amount for tuition in order for them to get FA. If you don't accept this, no student attending your school gets government FA. Students have to borrow less and schools have to spend less on their 14 Olympic-Sized Swimming Pools.
 

Captain Adverse

Classical Liberal Sage
DP Veteran
Joined
Jun 22, 2013
Messages
18,878
Reaction score
24,971
Location
Mid-West USA
Gender
Male
Political Leaning
Other
A better idea. I believe student loan interest rates should be very low to begin with, especially since they have government backing.

I used to think that, but have come to believe it would not really help repayment efforts all that much. I'd prefer replacement of all loans with limited grants, then denying any access to "For-Profit" institutions while forcing Not-for-profit schools to gear back on their tuition and fee demands or lose non-profit status.
 

GhostlyJoe

DP Veteran
Joined
Nov 20, 2009
Messages
4,733
Reaction score
2,439
Location
here
Gender
Male
Political Leaning
Slightly Liberal
I used to think that, but have come to believe it would not really help repayment efforts all that much. I'd prefer replacement of all loans with limited grants, then denying any access to "For-Profit" institutions while forcing Not-for-profit schools to gear back on their tuition and fee demands or lose non-profit status.

More like the public secondary school system? How would you determine grant qualifications?
 

Captain Adverse

Classical Liberal Sage
DP Veteran
Joined
Jun 22, 2013
Messages
18,878
Reaction score
24,971
Location
Mid-West USA
Gender
Male
Political Leaning
Other
More like the public secondary school system? How would you determine grant qualifications?

Probably based upon Primary school grades combined with SAT scores, or something like that. Something that shows the student has the aptitude to both succeed in a chosen goal and complete the program if assisted.

Otherwise, students can go to community college, and after completion re-apply based on community college grades and college qualification testing.
 

GhostlyJoe

DP Veteran
Joined
Nov 20, 2009
Messages
4,733
Reaction score
2,439
Location
here
Gender
Male
Political Leaning
Slightly Liberal
Probably based upon Primary school grades combined with SAT scores, or something like that. Something that shows the student has the aptitude to both succeed in a chosen goal and complete the program if assisted.

Otherwise, students can go to community college, and after completion re-apply based on community college grades and college qualification testing.

I definitely prefer your idea to saddling graduates with tens of thousands of dollars of high-interest debt before they send out their first resume.
 

CalGun

Banned
DP Veteran
Joined
Nov 7, 2012
Messages
7,039
Reaction score
3,268
Location
Denio Junction
Gender
Undisclosed
Political Leaning
Other
So kill capitalism and bring on socialism. Force a private entity to make its cost what you and some socialist senator think it should be instead of what it is and what a private institution wants it to be? I disagree, if anything increase competition. If the schools build luxuries in then let another school compete and offer an education for less - if they can.


Yeah that is exactly the wrong thing to do. There is no market pressure on colleges and universities to contain costs and, therefore, tuition. Non-teaching expenses have been overtaking teaching expenses as colleges build luxury living quarters, movie theaters, mac daddy student centers that look like shopping malls, and the like.

The smarter move, which nobody agrees with, is to require colleges to start writing down tuition costs for students receiving government loans just like they do with medical benefits. If you want students to be able to go here, you will have to charge X amount for tuition in order for them to get FA. If you don't accept this, no student attending your school gets government FA. Students have to borrow less and schools have to spend less on their 14 Olympic-Sized Swimming Pools.
 

Fisher

DP Veteran
Joined
Sep 18, 2012
Messages
17,002
Reaction score
6,913
Gender
Male
Political Leaning
Very Liberal
So kill capitalism and bring on socialism. Force a private entity to make its cost what you and some socialist senator think it should be instead of what it is and what a private institution wants it to be? I disagree, if anything increase competition. If the schools build luxuries in then let another school compete and offer an education for less - if they can.


Ha you think free government grants, and no and low interest loans to college students isn't a socialistic subsidy of the "private entity" then you suffer from that very special view of capitalism that likes Obamaphones only when they get theirs.
 

gavinfielder

DP Veteran
Joined
Sep 24, 2012
Messages
1,748
Reaction score
756
Location
Sacramento, CA, USA
Gender
Male
Political Leaning
Libertarian - Left
Why can't those who have jobs simply start paying more taxes, and those without jobs enlist in the military; after 6 years of service in the military at 75% pay their debt can be considered paid. Why are all the solutions give, waive, pass on and hand out? These people agreed to a loan they should pay it back. Its a darn shame we lent these people money to begin with.
Huh, so to fix our economic problems we should force people into involuntary service, creating a supply of enlisted where there wasn't any additional demand, and everything would go back all hunky dory. Best of all this also puts all our educated into positions that don't need them and keeps all the uneducated home to work all the complicated jobs. Perfect!

Thank you, this was quite humorous. It's nice to swim through the irony of a conservative prescribing an obviously unworkable command economy every once in a while, and you even threw in a fascist military state to boot. Keep up the good work.
 
Last edited:

CalGun

Banned
DP Veteran
Joined
Nov 7, 2012
Messages
7,039
Reaction score
3,268
Location
Denio Junction
Gender
Undisclosed
Political Leaning
Other
I'll do everything I can to help people keep what they got from those stealing it to buy votes from others who won't earn theirs!


Huh, so to fix our economic problems we should force people into involuntary service, creating a supply of enlisted where there wasn't any additional demand, and everything would go back all hunky dory. Best of all this also puts all our educated into positions that don't need them and keeps all the uneducated home to work all the complicated jobs. Perfect!

Thank you, this was quite humorous. It's nice to swim through the irony of a conservative prescribing an obviously unworkable command economy every once in a while, and you even threw in a fascist military state to boot. Keep up the good work.
 

Wiseone

Banned
DP Veteran
Joined
Jul 26, 2009
Messages
12,177
Reaction score
7,551
Location
Ft. Campbell, KY
Gender
Male
Political Leaning
Independent
Why can't those who have jobs simply start paying more taxes, and those without jobs enlist in the military; after 6 years of service in the military at 75% pay their debt can be considered paid. Why are all the solutions give, waive, pass on and hand out? These people agreed to a loan they should pay it back. Its a darn shame we lent these people money to begin with.

Why do you hate our military so much to force unwilling people on it?
 

PeteEU

DP Veteran
Joined
Mar 11, 2006
Messages
37,931
Reaction score
13,545
Location
Denmark
Gender
Male
Political Leaning
Centrist
Why can't those who have jobs simply start paying more taxes, and those without jobs enlist in the military; after 6 years of service in the military at 75% pay their debt can be considered paid. Why are all the solutions give, waive, pass on and hand out? These people agreed to a loan they should pay it back. Its a darn shame we lent these people money to begin with.

You do realize that it will cost even more right? Soldiers need housing, food and training.. It is cheaper to just forgive the debt.
 

Fenton

DP Veteran
Joined
Nov 17, 2012
Messages
29,771
Reaction score
12,231
Gender
Male
Political Leaning
Conservative
Why do you hate our military so much to force unwilling people on it?

It's not like this hasn't been tried before or isn't CURRENTLY in existence.

A minumum 2 years in the military is common in other Countries and if you ask me I think its money well spent.
 

Fenton

DP Veteran
Joined
Nov 17, 2012
Messages
29,771
Reaction score
12,231
Gender
Male
Political Leaning
Conservative
You do realize that it will cost even more
right? Soldiers need housing, food and training.. It is cheaper to just forgive the debt.


Nah, it would pay for itself by changing little wanna be gangsters into men by keeping them out of the prisons and jails.

And if we forgive all student loan debt, what about the next round of students, or current students? Do they have access to free education now ?
 
Top Bottom