What Bothers You Most About Student Debt Relief

[Superfly]

Who lied us into Syria?

Who lied us into Libya?

Who is lying to us about Ukraine now?

What you seem to forget is we really didn't have any party that opposed lying, or war. Rage against all lying, no?

Absolutely. Always.

But we aren’t talking about that right now.

Do try to keep up.

 

[JMB802]

Because nothing they are proposing will reduce college costs. LOL.

It was just announced. How can you declare with such great confidence that something is a failure before it starts?

 

[Pippi Longstock]

This is nonsense. My fiance and I aren't high earners, and we both stand to benefit greatly from having our student loans forgiven. It's such a load off our backs, it actually gives us hope that we'll be able to achieve our dreams of becoming homeowners and having a family.

Nothing was "forgiven" you put your debt onto someone else's back

 

[PoS]

This whole program is basically a big FU to those who worked hard and successfully paid off their student debts in the past.

Biden is saying that its okay to go into debt and not pay it back since he'll always bail them out.

 

[MrNiceGuy]

Shocker..... pandering for votes

Thank goodness the GOP is far above such a blatent display..... ya tax cuts anyone?

The holier than others is laughable

Offering tax cuts/benefits would at least make more sense. Declare a tax credit that would apply based on need, and which would result in a check from the IRS at the tax time. Start with anyone making $30,000 and under, so that they get back their federal withholdings back first, and as their need goes up, give them a "refund" of taxes they didn't pay.

 

[MrNiceGuy]

Nothing was "forgiven" you put your debt onto someone else's back

And to some extent, that debt was put on the backs of people who didn't waste their money on relatively low value degrees....

 

[jpevans]

Well, sure, but considering that college degreed people earn way more than non-college degreed people, why would we fund them and not the non-college degreed people.

And, for the love of god, luxury degrees should NOT be funded. You're going to get shit that doesn't help the country funded by the country? At least if one gets a STEM degree, a teaching degree, or some professional degree that actually teaches practical knowledge, one can justify it as good for the community as a whole. I would rather we fund technical schools, for plumbing, HVAC, carpentry, flooring, landscaping, electronics, appliance repair and the like so that people with no skills can get some skills and earn a good wage. But, no, Democrats want to use government funds to pay for "gender studies" degrees horseshit.

Are not student loans also for technical schools & trade schools? I always heard that in the buildup.

 

[Irredentist]

Of course you stand to benefit the most, and there are needy people far more needy than you that should be helped first.

I don't see it as being an either/or decision. Helping people who are struggling is a good thing, regardless of their college education or lack thereof.

Great for you. ..... how much did you borrow and for what degrees?

I had a pell grant and I was a pre law major. Ultimately I decided not to go to law school, and to enter the workforce instead.

 

[MrNiceGuy]

It was just announced. How can you declare with such great confidence that something is a failure before it starts?

Because nothing they are PROPOSING (based on what they've published about their proposal) reduces the cost of college.

 

[JMB802]

I paid off my loans. I paid for my kid's schooling out of pocket. I've also paid taxes for years and years. And I've watched others, including huge profitable corporations, get breaks while I plug away.

I, for one, am glad that some of my younger relatives are going to personally benefit from the money that I send to the government each month.

 

[Superfly]

Our country needs artists, dancers, actors, and historians just as much as it needs doctors and engineers. If people stopped going to college for anything other than STEM, society would cease to function.

Yeah. Almost like people are screaming that we need “essential workers.”

People were advised not to say that they were teachers, musicians, etc. to the Germans during WW2. They would be sent to Auschwitz.

 

[MrNiceGuy]

I don't see it as being an either/or decision. Helping people who are struggling is a good thing, regardless of their college education or lack thereof.

Who says this person is "struggling?"

I had a pell grant and I was a pre law major. Ultimately I decided not to go to law school, and to enter the workforce instead.

Good for you. Sounds like you made a very reasonable decision with your life.

 

[JMB802]

Because nothing they are PROPOSING (based on what they've published about their proposal) reduces the cost of college.

Post two or three things from the proposal that you know are guaranteed to fail.

 

[Irredentist]

Nothing was "forgiven" you put your debt onto someone else's back

I pay taxes like everyone else.

 

[Superfly]

Good for you. Sounds like you made a very reasonable decision with your life.

Or at least a path you agree with, which is clearly important to you.

Hope you’re never in a situation where you need a lawyer, because law school is not reasonable.

 

[Irredentist]

Who says this person is "struggling?"

Good for you. Sounds like you made a very reasonable decision with your life.

We were struggling, we still are, but having our student loans forgiven is one less thing to worry about. It gives us a chance to get ahead in life, instead of playing catch-up. I have done my very best to make good decisions in life. But a little help goes a long way.

 

[MrNiceGuy]

I paid off my loans. I paid for my kid's schooling out of pocket. I've also paid taxes for years and years. And I've watched others, including huge profitable corporations, get breaks while I plug away.

I, for one, am glad that some of my younger relatives are getting some personal benefit from the money that I send to the government each month.

What should be done is an examination of why school costs so much more in real dollars today than it did 50 years ago. Part of the problem is the administrative bureaucracies of highly paid "officers" and other administrators, and bloated non-teaching departments at universities.

Another reason is the easy of borrowing. The cheap supply of money meant schools could rig the system so students could easily borrow money and then the schools could charge more because people said "**** it, this is what I have to do to go to college." And, then they added all sorts of fees and costs to the system, so that over and above the loans, they could fleece the students anyway. It's a racket.

And, frankly, we put too much pressure on kids to go to college when they don't know what they want to go to college for. The constant drumbeat that "you have to go to college" is not productive. And, the idea of going to college and paying $10,000 or $20,000 out of pocket to take "general classes" while one figures out what major one wants is really a total waste of time and money.

 

[jpevans]

Of course you stand to benefit the most, and there are needy people far more needy than you that should be helped first.

Great for you. ..... how much did you borrow and for what degrees?

I don't know NiceGuy, wouldn't you have complaints about helping those needy people too?

 

[JMB802]

What should be done is an examination of why school costs so much more in real dollars today than it did 50 years ago. Part of the problem is the administrative bureaucracies of highly paid "officers" and other administrators, and bloated non-teaching departments at universities.

Another reason is the easy of borrowing. The cheap supply of money meant schools could rig the system so students could easily borrow money and then the schools could charge more because people said "**** it, this is what I have to do to go to college." And, then they added all sorts of fees and costs to the system, so that over and above the loans, they could fleece the students anyway. It's a racket.

And, frankly, we put too much pressure on kids to go to college when they don't know what they want to go to college for. The constant drumbeat that "you have to go to college" is not productive. And, the idea of going to college and paying $10,000 or $20,000 out of pocket to take "general classes" while one figures out what major one wants is really a total waste of time and money.

Is this meant to be a reply to a different comment?

 

[jpevans]

"Dole Bludgers" in my mind I just say "scumbags" at this point in the US we have so many handouts it's beyond repair. A while back I remember the government bailing out General Motors. Yep my money was paying GM workers wages.

Yeah that was a while ago, long enough ago that it slipped your mind that it was all paid back, with interest if I remember correctly.

 

[Pippi Longstock]

And to some extent, that debt was put on the backs of people who didn't waste their money on relatively low value degrees....

My oldest was an RA and success coach for a university. He said that there was a big problem with those useless degrees. A degree in digital photography comes to mind. He also said that there were a lot of students that should have never been enrolled in college. The colleges have this retention rate that they need to keep at all cost.

 

[MrNiceGuy]

Or at least a path you agree with, which is clearly important to you.

I didn't say I agree with it. I have no idea what he does. It sounds from his comment that HE made a decision that was right for HIM. That's all I know, and it sounds good.

Hope you’re never in a situation where you need a lawyer, because law school is not reasonable.

LOL, I'll be fine. And, there are plenty of lawyers. If the demand for law school education were to go down, the price would go down. It's expensive because going to law school results in a degree that tends to make lots of money. If someone is going to propose that we forgive law school loans, I would be dead set against it. Wouldn't you? The national AVERAGE income of lawyers is $145,000 a year, according to the Occupational Outlook Handbook published by the Bureau of Labor Statistics. That's almost 3 times the average family income. The family income of a two lawyer household is, therefore, roughly $290,000. A one lawyer, one non-lawyer, two income earning family makes about $200,000 a year.

Are there not more needy people to help?

 

[Pippi Longstock]

Yeah that was a while ago, long enough ago that it slipped your mind that it was all paid back, with interest if I remember correctly.

Maybe but I doubt it

 

[JMB802]

My oldest was an RA and success coach for a university. He said that there was a big problem with those useless degrees. A degree in digital photography comes to mind. He also said that their were a lot of students that should have never been enrolled in college. The colleges have this retention rate that they need to keep at all cost.

Personal anecdotes, while potentially interesting, are not a compelling argument. My BIL went to art school, received a photography degree, and had a very successful career in advertising for decades.

 

[jpevans]

Nothing was "forgiven" you put your debt onto someone else's back

Many people paying minimum payments for ten years have still not touched the principle I've heard. If that's true, then the lender is just losing a cash cow, that is all.