Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
contrario said:Biden talked on the campaign trail about student loan forgiveness and even Tweeted about it.Dnicknames said:Dnicknames said:JXL said:Dnicknames said:
The student loan forgiveness argument is a straw man.
Neither party is proposing outright student loan forgiveness.
People get worked up over a policy that doesn't exist.
https://www.cnbc.com/2020/11/14/what-bidens-student-loan-forgiveness-plan-means-for-borrowers.html
Hope isn't a policy.
I've asked both Biden's campaign staffers and Democrat Hill staffers what a loan forgiveness policy would look like. Each said it is a talking point right now.
His transition team is focused on infrastructure. They want to eventually do a student loan reduction program that trades federal student loan buy downs for annual years of social service (teachers, social workers, public servants, etc); student loan forgiveness isn't high on their agenda right now though.
Posting this article to further a much discussed point on this board from six months ago:
https://www.cnbc.com/2021/05/24/student-debt-forgiveness-reportedly-dropped-from-bidens-annual-budget.html
(1) Student Loan forgiveness isn't even being proposed in Biden's budget for next year. I know that was stated repeatedly last year, but now it is once again formally confirmed
(2) Biden's team has triangulated to the Department of Education to provide a formal note on the legality of loan forgiveness, but Biden's own political appointees at Education are making sure there isn't a liberal loan elimination proposal.
(3) Biden's staff never said student loan forgiveness was a policy agenda, and they have repeatedly beaten back their leftist colleagues on the Hill that want loans forgiven
(4) Don't get worked up about straw men built up by websites to attack, when they have no basis in reality
Biden has considered an executive order on the issue. He could still be considering that, even if he hasn't put it in the budget that has been prepared for him.
Whether Biden wants it or not, if enough Democrats are pushing for it, it will happen in some form, even if it isn't a full student loan forgiveness.
I don't think you should be spiking the football just yet.
ebt relief level. You could probably pitch 1:1. Look, I get it that politicians make promises on the campaign trail (even though if Trump did you, you would be calling him out for not following through, but that is a whole different discussion for a different thread), but the premise of the post you made yesterday was that the student loan forgiveness was effectively fabricated. But that isn't true, Biden himself on camera and in public statements (Twitter and interviews) claimed student loan forgiveness would be something his administration considered, at a minimum, and possibly implemented, even if it was a watered down version. I think for you to be critical of those concerned is misguided.Dnicknames said:contrario said:Biden talked on the campaign trail about student loan forgiveness and even Tweeted about it.Dnicknames said:Dnicknames said:JXL said:Dnicknames said:
The student loan forgiveness argument is a straw man.
Neither party is proposing outright student loan forgiveness.
People get worked up over a policy that doesn't exist.
https://www.cnbc.com/2020/11/14/what-bidens-student-loan-forgiveness-plan-means-for-borrowers.html
Hope isn't a policy.
I've asked both Biden's campaign staffers and Democrat Hill staffers what a loan forgiveness policy would look like. Each said it is a talking point right now.
His transition team is focused on infrastructure. They want to eventually do a student loan reduction program that trades federal student loan buy downs for annual years of social service (teachers, social workers, public servants, etc); student loan forgiveness isn't high on their agenda right now though.
Posting this article to further a much discussed point on this board from six months ago:
https://www.cnbc.com/2021/05/24/student-debt-forgiveness-reportedly-dropped-from-bidens-annual-budget.html
(1) Student Loan forgiveness isn't even being proposed in Biden's budget for next year. I know that was stated repeatedly last year, but now it is once again formally confirmed
(2) Biden's team has triangulated to the Department of Education to provide a formal note on the legality of loan forgiveness, but Biden's own political appointees at Education are making sure there isn't a liberal loan elimination proposal.
(3) Biden's staff never said student loan forgiveness was a policy agenda, and they have repeatedly beaten back their leftist colleagues on the Hill that want loans forgiven
(4) Don't get worked up about straw men built up by websites to attack, when they have no basis in reality
Biden has considered an executive order on the issue. He could still be considering that, even if he hasn't put it in the budget that has been prepared for him.
Whether Biden wants it or not, if enough Democrats are pushing for it, it will happen in some form, even if it isn't a full student loan forgiveness.
I don't think you should be spiking the football just yet.
Biden indeed talked about student loans, the topic was a core talking point for Warren and Bernie voters. And off camera during the campaign, Biden's entire team was saying loan forgiveness wasn't a real agenda item.
They were saying (1) covid relief, (2) infrastructure, (3) tax reform in the first year. You're seeing that play out now.
And an EO is dependent on a legality approving memo from Education, a department Biden's own political appointees control. Make sense? If Biden wanted the memo for loan forgiveness, a formal memo could have been done yesterday....nothing has happened...there is a reason.
Even democrats understand moral hazard. If a future loan forgiveness plan goes forward, it will be in the form of future loan credits for years of service in the non profit world. For example, Capital Hill staffers are eligible for student loan forgiveness - right now - based on each year served. Biden would follow that plan he helped create for staffers on the Hill.
Blanket loan forgiveness is not an option, or that is what is being communicated by the White House leg affairs. Everything else is just noise.
You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
I definitely agree that everyone doesn't need to go to University. Case in point from today. My SO needed a bunch of plumbing work done. I called a friend that I went to HS with and he's a Master Plumber. Got to talking to him while he was working on her house and he absolutely kills. He said that his market is wide open because the older plumbers are dying off or retiring and the younger generation has no time for "Trade Schools", hence a huge void. He's fat and happy and enjoys what he does. As far as loan forgiveness is concerned, that is BS for all of you had loans and paid them off. Last time I checked, my bankers expects me to pay off all my business loans. I understand too, that there are alot of people need loans for college and as long as they are paid back, great. You agree to the deal. Now, if someone want to go to Baylor and pay $250K for an education degree and finance it....well, that is just stupid. I was fortunate that my parents were able to pay for me to attend BU and when I was finished, I had no debt. I worked my ass off to provide that for my kids.BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
quash said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
You don't have to use government to force tuition down, just remove the main upward driver of tuition: federally guaranteed student loans.
That will lead to what you just described: banks saying "no way" to 18 year olds, but maybe getting parents to co-sign.
BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
It's well past time for Americans who have actively participated in the Pussification of America process to reap what they have sown.br53 said:Yea well lowering the interest on my new Tahoe doesnt do anything either but allow Chevy to keep charging 75K and I pay it cause my wife wanted it and I could afford it. Now as long as these dumbass little kids want to go to BU and UT and be teachers, underwater basket weavers and social workers let em rot in debt hell until they learn to make better decisions and get a degree worth more than the paper its printed on. I tried to help and meet in the middle but you liberal SOB's go back to blaming the businesses. Dont buy what you cant afford and dont chase an education that maxes out with income at 75k with a 200k education bill.HuMcK said:
That's just kicking the can, changing interests rates does nothing about the actual cost of education.
Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Public education essential to have informed voters. It's essential for economic development. Without it you have North Korea. Myanmar. Uganda. Chad. DRC (Congo). I can tell you as a first hand witness of the poverty and ingorance in all of these countries (except N Korea), that lack of education is what keeps these people oppressed.quash said:Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Again, nothing is a right if it requires that someone else provide their effort or property. Health is not a right, education is not a right.
Public education is a societal good.
Buddha Bear said:Public education essential to have informed voters.quash said:Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Again, nothing is a right if it requires that someone else provide their effort or property. Health is not a right, education is not a right.
Public education is a societal good.
Essential, sure. But not a right, not by any stretch. Homeschooling is a right, not public education.Buddha Bear said:Public education essential to have informed voters. It's essential for economic development. Without it you have North Korea. Myanmar. Uganda. Chad. DRC (Congo). I can tell you as a first hand witness of the poverty and ingorance in all of these countries (except N Korea), that lack of education is what keeps these people oppressed.quash said:Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Again, nothing is a right if it requires that someone else provide their effort or property. Health is not a right, education is not a right.
Public education is a societal good.
Public education is an essential human right. It leads to a life of dignity, and a life worth living.
18 year olds can request $100k in student loans? You never had a student loan did you. You're wrong. Max for govt loans is around 50k (for undergrad). So much ignorant privilege on this board.BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Buddha Bear said:18 year olds can request $100k in student loans? You never had a student loan did you. You're wrong. Max for govt loans is around 50k (for undergrad). So much ignorant privilege on this board.BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Buddha Bear said:18 year olds can request $100k in student loans? You never had a student loan did you. You're wrong. Max for govt loans is around 50k (for undergrad). So much ignorant privilege on this board.BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Buddha Bear said:Public education essential to have informed voters. It's essential for economic development. Without it you have North Korea. Myanmar. Uganda. Chad. DRC (Congo). I can tell you as a first hand witness of the poverty and ingorance in all of these countries (except N Korea), that lack of education is what keeps these people oppressed.quash said:Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Again, nothing is a right if it requires that someone else provide their effort or property. Health is not a right, education is not a right.
Public education is a societal good.
Public education is an essential human right. It leads to a life of dignity, and a life worth living.
charging kids hundreds of thousands of dollars to be indoctrinated into ideological nonsense that teaches them NOT to think is one of the most harmful aspects of the open society - leaving large percentages of future generations deeply in debt and functionally unemployable in any meaningful endeavor.Canon said:Buddha Bear said:Public education essential to have informed voters.quash said:Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Again, nothing is a right if it requires that someone else provide their effort or property. Health is not a right, education is not a right.
Public education is a societal good.
This is substantially false. The US educational system has degraded our electorate and created at least two generations of historically illiterate sheep who have fallen for the lies of a discredited Marxism.
Do you mean formal education? While education is important, formal education is not the main pathway out of poverty.... that woulld be ambition, will power, a strong work ethic and the willingness to take risk.. If you can learn by doing or learn on your own, often that's all it takes.Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
I would argue that FEAR is what keeps people oppressed.Buddha Bear said:Public education essential to have informed voters. It's essential for economic development. Without it you have North Korea. Myanmar. Uganda. Chad. DRC (Congo). I can tell you as a first hand witness of the poverty and ingorance in all of these countries (except N Korea), that lack of education is what keeps these people oppressed.quash said:Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Again, nothing is a right if it requires that someone else provide their effort or property. Health is not a right, education is not a right.
Public education is a societal good.
Public education is an essential human right. It leads to a life of dignity, and a life worth living.
This times 1,000BearTruth13 said:Buddha Bear said:Public education essential to have informed voters. It's essential for economic development. Without it you have North Korea. Myanmar. Uganda. Chad. DRC (Congo). I can tell you as a first hand witness of the poverty and ingorance in all of these countries (except N Korea), that lack of education is what keeps these people oppressed.quash said:Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Again, nothing is a right if it requires that someone else provide their effort or property. Health is not a right, education is not a right.
Public education is a societal good.
Public education is an essential human right. It leads to a life of dignity, and a life worth living.
Education should absolutely be a priority in this country. Every person should complete high school/GED, be literate, have a basic understanding on math, science, English, etc., have taken some form of personal finance class and civics course.
After that is where we disagree. We don't need every young adult to get degrees in music, art, communications, philosophy, women's studies, sociology, international studies, fashion design, etc. We have a crazy amount of kids majoring in fields with extremely limited job prospects. We have 50%+ of students that simply drop out of college. Millions of people with debt to pay for incomplete or unmarketable degrees.
Not every high school student needs to go to college. We need plumbers, electricians, mechanics, welders, garbage men, etc. Learn a trade that will make you an invaluable member of your community. Most younger generations have no interest in this nowadays. They've spent their entire lives hearing that going to college (regardless of the cost) is a worthwhile investment in all cases and will set them up for life. It really isn't that simple.
1.) Seize the endowments.whiterock said:charging kids hundreds of thousands of dollars to be indoctrinated into ideological nonsense that teaches them NOT to think is one of the most harmful aspects of the open society - leaving large percentages of future generations deeply in debt and functionally unemployable in any meaningful endeavor.Canon said:Buddha Bear said:Public education essential to have informed voters.quash said:Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Again, nothing is a right if it requires that someone else provide their effort or property. Health is not a right, education is not a right.
Public education is a societal good.
This is substantially false. The US educational system has degraded our electorate and created at least two generations of historically illiterate sheep who have fallen for the lies of a discredited Marxism.
We should not lend a nickle for studies of social sciences, except for curricula aimed at training public school teachers. We should focus all our student loan resources on STEM fields. That would largely fix the problem going forward.
Education is important, and the ability to have resources available to learn is a basic human right, but formal education is not a basic human right. That is, government and society as a whole should never oppress an individual to the point that they can't get an education by some means. And it certainly isn't the only way out of poverty, as was said in another post. Society providing free college to free college to an art history major isn't a basic human right - that is what we call 1st world problems. I can get on board with K-12 education being a necessity, but I can't get on board with college to be a necessity. It just isn't. That doesn't mean skilled training and individual self-education aren't important, but it isn't a basic human right that the government pay for education for people forever. At some point, it's up to the individual to decide what is best for them self and take ownership in their life.Buddha Bear said:Public education essential to have informed voters. It's essential for economic development. Without it you have North Korea. Myanmar. Uganda. Chad. DRC (Congo). I can tell you as a first hand witness of the poverty and ingorance in all of these countries (except N Korea), that lack of education is what keeps these people oppressed.quash said:Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Again, nothing is a right if it requires that someone else provide their effort or property. Health is not a right, education is not a right.
Public education is a societal good.
Public education is an essential human right. It leads to a life of dignity, and a life worth living.
Who does the seizing?Doc Holliday said:1.) Seize the endowments.whiterock said:charging kids hundreds of thousands of dollars to be indoctrinated into ideological nonsense that teaches them NOT to think is one of the most harmful aspects of the open society - leaving large percentages of future generations deeply in debt and functionally unemployable in any meaningful endeavor.Canon said:Buddha Bear said:Public education essential to have informed voters.quash said:Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Again, nothing is a right if it requires that someone else provide their effort or property. Health is not a right, education is not a right.
Public education is a societal good.
This is substantially false. The US educational system has degraded our electorate and created at least two generations of historically illiterate sheep who have fallen for the lies of a discredited Marxism.
We should not lend a nickle for studies of social sciences, except for curricula aimed at training public school teachers. We should focus all our student loan resources on STEM fields. That would largely fix the problem going forward.
2.) Loans only for STEM.
3.) Get feds mostly out of the picture.
Problem solved.
quash said:Who does the seizing?Doc Holliday said:1.) Seize the endowments.whiterock said:charging kids hundreds of thousands of dollars to be indoctrinated into ideological nonsense that teaches them NOT to think is one of the most harmful aspects of the open society - leaving large percentages of future generations deeply in debt and functionally unemployable in any meaningful endeavor.Canon said:Buddha Bear said:Public education essential to have informed voters.quash said:Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Again, nothing is a right if it requires that someone else provide their effort or property. Health is not a right, education is not a right.
Public education is a societal good.
This is substantially false. The US educational system has degraded our electorate and created at least two generations of historically illiterate sheep who have fallen for the lies of a discredited Marxism.
We should not lend a nickle for studies of social sciences, except for curricula aimed at training public school teachers. We should focus all our student loan resources on STEM fields. That would largely fix the problem going forward.
2.) Loans only for STEM.
3.) Get feds mostly out of the picture.
Problem solved.
No restrictions on loans, but no guarantees either, because
Feds completely out.
whiterock said:quash said:Who does the seizing?Doc Holliday said:1.) Seize the endowments.whiterock said:charging kids hundreds of thousands of dollars to be indoctrinated into ideological nonsense that teaches them NOT to think is one of the most harmful aspects of the open society - leaving large percentages of future generations deeply in debt and functionally unemployable in any meaningful endeavor.Canon said:Buddha Bear said:Public education essential to have informed voters.quash said:Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Again, nothing is a right if it requires that someone else provide their effort or property. Health is not a right, education is not a right.
Public education is a societal good.
This is substantially false. The US educational system has degraded our electorate and created at least two generations of historically illiterate sheep who have fallen for the lies of a discredited Marxism.
We should not lend a nickle for studies of social sciences, except for curricula aimed at training public school teachers. We should focus all our student loan resources on STEM fields. That would largely fix the problem going forward.
2.) Loans only for STEM.
3.) Get feds mostly out of the picture.
Problem solved.
No restrictions on loans, but no guarantees either, because
Feds completely out.
TAX the endowments not used to fund education for all students.
As part of a complete overhaul of our tax code, maybe. Eliminate all deductions and exemptions and pay a revenue based tax (one based on federal budget, not goodies).whiterock said:quash said:Who does the seizing?Doc Holliday said:1.) Seize the endowments.whiterock said:charging kids hundreds of thousands of dollars to be indoctrinated into ideological nonsense that teaches them NOT to think is one of the most harmful aspects of the open society - leaving large percentages of future generations deeply in debt and functionally unemployable in any meaningful endeavor.Canon said:Buddha Bear said:Public education essential to have informed voters.quash said:Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Again, nothing is a right if it requires that someone else provide their effort or property. Health is not a right, education is not a right.
Public education is a societal good.
This is substantially false. The US educational system has degraded our electorate and created at least two generations of historically illiterate sheep who have fallen for the lies of a discredited Marxism.
We should not lend a nickle for studies of social sciences, except for curricula aimed at training public school teachers. We should focus all our student loan resources on STEM fields. That would largely fix the problem going forward.
2.) Loans only for STEM.
3.) Get feds mostly out of the picture.
Problem solved.
No restrictions on loans, but no guarantees either, because
Feds completely out.
TAX the endowments not used to fund education for all students.
if only we could make it so. then, the taxpayer would see their true tax burden on every transaction.quash said:As part of a complete overhaul of our tax code, maybe. Eliminate all deductions and exemptions and pay a revenue based tax (one based on federal budget, not goodies).whiterock said:quash said:Who does the seizing?Doc Holliday said:1.) Seize the endowments.whiterock said:charging kids hundreds of thousands of dollars to be indoctrinated into ideological nonsense that teaches them NOT to think is one of the most harmful aspects of the open society - leaving large percentages of future generations deeply in debt and functionally unemployable in any meaningful endeavor.Canon said:Buddha Bear said:Public education essential to have informed voters.quash said:Buddha Bear said:BearTruth13 said:Buddha Bear said:You're talking about me then. I wouldn't feel screwed at all. I'd feel relief for the next generation that they can keep up with other countries. I payed all $46k of my loans + interest (prob another 20K) after all said and done. I feel cheated after seeing first hand how the rest of the world manages their payment of education. Other countries are getting ahead of us financially because we choose to charge a set 6% rate on our loans that start accruing the first year of college. It's a racket. All other developed countries (and some developing) charge 1% or 0%.Canon said:Buddha Bear said:Eliminate the interest or drop it to the treasury rate, just like every other developed nation has done.Carlos Cruz said:
Is there really a national crisis? If we wind up forgiving student loans, then the federal government should never guarantee another educational loan again.
Problem solved, crisis averted.
Screw all those folks who worked and saved and sacrificed to pay off the loans they agreed to. They were just rubes for be conscientious and honest and dependable, amaright?
I agreed to those loans at 18 years old, and I paid them off. One thing is for sure....we are NOT adults at 18 years old. And loans that accrue high interest starting at the age of 18 and can't be discharged EVER is indentured servitude. It's disgusting really. Most un-American s*** ever.
2 things need to happen then. If loans are forgiven or discharged in bankruptcy, then loans need to be restricted moving forward. You need to be able to present a repayment plan to the lender and have a good academic background to provide as background.
Go to a bank today and ask for a low interest bank loan for $100,000 with no collateral or credit history. You'll be laughed out of the room.
18 year olds nationwide request $100,000 loans with no business plan, no collateral or credit history, and expect low interest rates and to simply default when they feel like it? To major in English?
Fewer people need to be going to college. Force colleges to lower their prices. If you don't have the grades or a marketable degree plan, you don't need to be getting a loan. You are welcome to pay your own way for a Philosophy degree.
Education to me is a basic human right. I understand from a business perspective what you are proposing. But this is another issue I think other countries have figured out better. Education is the main pathway out of poverty. Therefore it should be a foundation of our country and a human right.
Again, nothing is a right if it requires that someone else provide their effort or property. Health is not a right, education is not a right.
Public education is a societal good.
This is substantially false. The US educational system has degraded our electorate and created at least two generations of historically illiterate sheep who have fallen for the lies of a discredited Marxism.
We should not lend a nickle for studies of social sciences, except for curricula aimed at training public school teachers. We should focus all our student loan resources on STEM fields. That would largely fix the problem going forward.
2.) Loans only for STEM.
3.) Get feds mostly out of the picture.
Problem solved.
No restrictions on loans, but no guarantees either, because
Feds completely out.
TAX the endowments not used to fund education for all students.
