That question/concern is the primary reason people vote GOP,Quote:
So you want to help those who don't save any money and the ones that do the right thing get screwed?
57Bear said:
When my kids were in elementary school, a new Montessori school open in my city. We went to the grand opening welcome house. One of the first things that came up was cost. They had three levels based on parental income: Nothing, Standard, and Twice Standard. We left right after that part of the presentation.
https://www.cnbc.com/2019/10/24/student-loan-official-resigns-calling-for-massive-debt-cancellation.htmlDoc Holliday said:That question/concern is the primary reason people vote GOP,Quote:
So you want to help those who don't save any money and the ones that do the right thing get screwed?
57Bear said:
When my kids were in elementary school, a new Montessori school open in my city. We went to the grand opening welcome house. One of the first things that came up was cost. They had three levels based on parental income: Nothing, Standard, and Twice Standard. We left right after that part of the presentation.
Wish this point came up during the last recession and bank bailout. If businesses are now people, as Citizen's United has deemed, then that situation and solution was incredibly immoral.Bearitto said:
Student loan "forgiveness" isn't what we are talking about here. We are talking about student loan "Transfer". This father did an excellent job of highlighting that.
Wiping off debt contractually agreed to creates moral hazard, extraordinarily deep divides between those benefiting and those who saved to pay and sets a precedent for the next sweeping fiscal disaster.
This would be incredibly immoral.
Buddha Bear said:Wish this point came up during the last recession and bank bailout. If businesses are now people, as Citizen's United has deemed, then that situation and solution was incredibly immoral.Bearitto said:
Student loan "forgiveness" isn't what we are talking about here. We are talking about student loan "Transfer". This father did an excellent job of highlighting that.
Wiping off debt contractually agreed to creates moral hazard, extraordinarily deep divides between those benefiting and those who saved to pay and sets a precedent for the next sweeping fiscal disaster.
This would be incredibly immoral.
Buddha Bear said:Wish this point came up during the last recession and bank bailout. If businesses are now people, as Citizen's United has deemed, then that situation and solution was incredibly immoral.Bearitto said:
Student loan "forgiveness" isn't what we are talking about here. We are talking about student loan "Transfer". This father did an excellent job of highlighting that.
Wiping off debt contractually agreed to creates moral hazard, extraordinarily deep divides between those benefiting and those who saved to pay and sets a precedent for the next sweeping fiscal disaster.
This would be incredibly immoral.
And we didn't have any real idiots under any other president? Not sure this is really something you can blame Uncle Ken for. I don't think Starr chose regents did he?Quote:
...We had some real idiots on the board under Starr.
Malbec said:And we didn't have any real idiots under any other president? Not sure this is really something you can blame Uncle Ken for. I don't think Starr chose regents did he?Quote:
...We had some real idiots on the board under Starr.
Paragraph 1: O.K. With Treasury rate. It cost $ for entities to administer - Paragraph 2: So true - Paragraph 3: So True - Paragraph 4: Some regents are rubber stampers. I want to say more but I'll leave it at that. - Paragraph 5: First two sentences O.K. Last sentence. You made your point but remember it cost long green to maintain The Green and Gold. Like, facilities maintenance, salaries, health care, etc. Oh, the cost of success. Finally, my wife and I sacrificed putting our two rugrats through Baylor and Vanderbilt Universities. Stayed in same home for approx. 40 years and set aside monies for school. No gov. dollars. Ate lots of S.O.S. Retired debt free. I view college as an investment. You get the picture. If one's choice is to borrow for an education honor the agreement! Otherwise, how about Junior College? Finally, my choice turned out great. I now ask them for money and threaten to move into their basement. We'll, isn't turn about fair play?midgett said:Buddha Bear said:Wish this point came up during the last recession and bank bailout. If businesses are now people, as Citizen's United has deemed, then that situation and solution was incredibly immoral.Bearitto said:
Student loan "forgiveness" isn't what we are talking about here. We are talking about student loan "Transfer". This father did an excellent job of highlighting that.
Wiping off debt contractually agreed to creates moral hazard, extraordinarily deep divides between those benefiting and those who saved to pay and sets a precedent for the next sweeping fiscal disaster.
This would be incredibly immoral.
Agree loan rates should be based on a Treasury rate. Often, it's non-government entities administering the loans and they want some juice.
The problem isn't that the government is in the student loan business. It's that the government guarantees colleges against default. Therefore, colleges have no real skin in the game. They can continue to raise prices.
If the government would remove the guarantee, it would slow the rise. They'd need to do something to reduce default risk. There are other issues that could arise but at least the college is having to be more responsible.
A few years ago, a friend asked a regent - I won't mention his name - why tuition had gone up 6% that year. He casually replied Baylor raises it 6% every year.
It has nothing to do with forecasts and costs and putting students first. Just raise it 6% and spend the additional revenue. 6% per year doubles in 12 years. We had some real idiots on the board under Starr.
Malbec said:And we didn't have any real idiots under any other president? Not sure this is really something you can blame Uncle Ken for. I don't think Starr chose regents did he?Quote:
...We had some real idiots on the board under Starr.
serve under someone or something: to carry out one's responsibility under the direction or in the employment of someone.midgett said:Malbec said:And we didn't have any real idiots under any other president? Not sure this is really something you can blame Uncle Ken for. I don't think Starr chose regents did he?Quote:
...We had some real idiots on the board under Starr.
Yes. This regent happened to serve under Starr. Not necessarily an indictment of Starr - though I'd happily rip him a new one - just that we had a lot of "yes men & women" on the board with some dominant agenda driven regents. Bad combination as we saw with Title 9 ball being dropped
I agree. I am a strong believer in getting the Federal Government out of the Loan business. All the Federal Insured loans have enabled the rapid increase of tuition.Kyle said:
Federal student loans drove the rise in college costs. People assume loans and then don't understand why they should be repaid. Basic ethics.
Guy Noir said:I agree. I am a strong believer in getting the Federal Government out of the Loan business. All the Federal Insured loans have enabled the rapid increase of tuition.Kyle said:
Federal student loans drove the rise in college costs. People assume loans and then don't understand why they should be repaid. Basic ethics.