Why Didn't The Right Get Mad Over Former Trump U. Students Getting Relief?

[MAGAnificent]

And why exactly would that happen? Loaning money isn't what makes something expensive. Expensive goods and services might require loans or insurance in order for people to be able to afford them.

Loaning money on it's own is not a bad thing. Federal guarantees of loans can be. The biggerst single reason the IVY League Universities charge so much for tuition is the guarantee that the taxpayers will cover the loan if the student ultimately defaults. They know that whatever debt the student is talked into taking on, no matter how high, Uncle Sam will cover it.

If mortgages went away would the price of housing go down? No, it wouldn't. Same deal with college education.

With college education, without federal student loan guarantees, the Universities would not be so greedy. They would compete for students and perhaps spend less on vastly overpaid professors that largely indoctinate students. It's odd that you liberals are so against student vouchers for K thru 12, yet the sky is the limit on college loans.

 

[noonereal]

No, it wouldn't. Mortgages don't drive housing demand.

OMG

God bless you is all I can say.

Heck, even a small uptick in mortgage rates slows the housing market and depresses prices.

 

[yankintx]

If we are going down this road I could just say, why not make Elementary and high school students pay for school out of pocket. Oh wait, conservatives DO want that.

Look, no one is saying literally have the government pay for everything. But the government needs to step in and do something when people are exploited and overburdened.

As for mortgages, I propose the georgist solution. Conservatives have no solutions.

What is the solution to making higher education affordable?

I finished 1 year, economically neither I nor my family could afford the expenses , even with student loans. The remainder of my education was completed with tuition assistance while serving in the U..S Air Force. Obviously it's not option for many, and they are crippled with massive loans.

We will not build the middle class without affordable higher education, how that is accomplished, who knows

 

[MAGAnificent]

The GI Bill led to a prosperous United States. Do you agree?

However the GI Bill is restricted to veterans of military service and only roughly a third of veterans take advantage of it. Not a major drain on the taxpayers.

 

[Geoist]

College educated couples making $250k/yr have not been exploited. Save that nonsense for the echo chamber.

I'd have been perfectly happy if the forgiveness was for those making less. But I'm not one to let the perfect be the enemy of the good.

 

[noonereal]

Loaning money on it's own is not a bad thing. Federal guarantees of loans can be. The biggerst single reason the IVY League Universities charge so much for tuition is the guarantee that the taxpayers will cover the loan if the student ultimately defaults. They know that whatever debt the student is talked into taking on, no matter how high, Uncle Sam will cover it.

With college education, without federal student loan guarantees, the Universities would not be so greedy. They would compete for students and perhaps spend less on vastly overpaid professors that largely indoctinate students. It's odd that you liberals are so against student vouchers for K thru 12, yet the sky is the limit on college loans.

Wrong and wrong.

Ivy schools charge on a sliding scale. As such, anyone can afford them. Few realize this. They can do this because their endowments are so big.

 

[Geoist]

However the GI Bill is restricted to veterans of military service and only roughly a third of veterans take advantage of it. Not a major drain on the taxpayers.

Except it's not a drain. A higher educated population means higher paid workers which means more tax revenue and less drain on food stamps/welfare etc.

 

[MAGAnificent]

Except it's not a drain. A higher educated population means higher paid workers which means more tax revenue and less drain on food stamps/welfare etc.

I don't accept your assertion that higher education should be covered for all by the taxpayers.

 

[devildavid]

OMG

God bless you is all I can say.

Heck, even a small uptick in mortgage rates slows the housing market and depresses prices.

Mortgage do not drive the market cost, they affect the market demand . The cost for houses is not based upon the existence of mortgages. Eliminate mortgages and you eliminate the ability to purchase a house. The demand for a home has other considerations, like a place to live. You have the choice to rent or own the property you live in. No one can afford to pay cash for a home due to real world costs of labor and materials. These cost are not caused by mortgages. Even if you build your own house you still face the same cost of materials whether or not you need to borrow the money. The existence of loans does not dictate the cost of labor or materials.

 

[noonereal]

Mortgage do not drive the market cost, they affect the market demand . The cost for houses is not based upon the existence of mortgages. Eliminate mortgages and you eliminate the ability to purchase a house. The demand for a home has other considerations, like a place to live. You have the choice to rent or own the property you live in. No one can afford to pay cash for a home due to real world costs of labor and materials. These cost are not caused by mortgages. Even if you build your own house you still face the same cost of materials whether or not you need to borrow the money. The existence of loans does not dictate the cost of labor or materials.

Honest, just stop.

 

[Lord Tammerlain]

I don't accept your assertion that higher education should be covered for all by the taxpayers.

darn rights

The US can just let the higher educated Indians and Chinese immigrate. Then all the lower level educated Americans can work for foreign managers.

 

[MAGAnificent]

darn rights

The US can just let the higher educated Indians and Chinese immigrate. Then all the lower level educated Americans can work for foreign managers.

Pathetic attempt at sarcasm. American is the most technologically advanced nation with the biggest economy and without paying everyone's college tuition. Go figure!

 

[devildavid]

Honest, just stop.

Why? You have not demonstrated that it is mortgages that are the determining factor in the cost of housing supplies and that eliminating them would cause the markets that supply housing materials to drastically reduce their prices. You simply asserted it without evidence.

 

[The flaming lib]

Let’s hope the conservatives jump on this, yet another china boondoggle and we can get back on track with the Rs taking back a big chunk of govco. My family and extended family are involved in Detroits automotive scene and the rank and file union members have had enough of this assclown in Washington. Let’s hope the Rs play their cards right up to November to get seats back.

 

[Lord Tammerlain]

Pathetic attempt at sarcasm. American is the most technologically advanced nation with the biggest economy and without paying everyone's college tuition. Go figure!

With most of the Students in STEM fields being foreign students.

 

[NatMorton]

I'd have been perfectly happy if the forgiveness was for those making less. But I'm not one to let the perfect be the enemy of the good.

Yet you're willing to let this ill-advised bailout be the enemy of common sense.

 

[Geoist]

Yet you're willing to let this ill-advised bailout be the enemy of common sense.

Common sense to me doesn't include saddling 18 year old students with decades of crippling debt.

Even the Bible condemns such policies.

 

[noonereal]

Why? You have not demonstrated that it is mortgages that are the determining factor in the cost of housing supplies and that eliminating them would cause the markets that supply housing materials to drastically reduce their prices. You simply asserted it without evidence.

Economics 101 would provide you the citation you crave.

 

[noonereal]

Common sense to me doesn't include saddling 18 year old students with decades of crippling debt.

This.

I could not agree more. It is a matter of morals and ethics not politics or economics.
Same with healthcare.

That said, I am against government paid school. This is a cost that should be born by the business sector solely.

 

[NatMorton]

Common sense to me doesn't include saddling 18 year old students with decades of crippling debt.

Even the Bible condemns such policies.

Thank you Parson Geoist, but if you really think about what you just said you'll come to realize no one is saddling that 18 year old with anything the 18 year old didn't ask for.

 

[MAGAnificent]

Common sense to me doesn't include saddling 18 year old students with decades of crippling debt.

Even the Bible condemns such policies.

But then it is the universities and the students themselves that are saddling the students with debt. Doe anyone force you to buy a Mercedes or Porsch when Ford F150 might be enough?

 

[devildavid]

Economics 101 would provide you the citation you crave.

So you can't explain it. The cost of things is what created the need for loans, not vice versa.

 

[devildavid]

But then it is the universities and the students themselves that are saddling the students with debt. Doe anyone force you to buy a Mercedes or Porsch when Ford F150 might be enough?

How many colleges or automobiles are affordable enough to not require taking out a loan?

 

[noonereal]

So you can't explain it. The cost of things is what created the need for loans, not vice versa.

I had already explained. You could not absorb. Go back and read.

Without mortgages people could not buy. That means the demand would disappear.

This is all very simple.

I am serious. You would lean this in Economics 101.

 

[devildavid]

Without mortgages people could not buy. That means the demand would disappear.

This is all very simple.

I am serious. You would lean this in Economics 101.

That means the housing market would disappear, not that the cost would go down. it would no longer be a profitable market for anyone to go into to build or sell houses.

Your point is meaningless in the discussion of the housing market.