Forgive Student Loans?

[LouderVol]

Long story but I did hear an idea for loan forgiveness in the UK. If you start a business and that business employs 10 people for at least 5 years, you can have your loans forgiven. I would go for something like that. Working in Starbux doesn't count.

If you open up or run a franchise I wouldnt mind it.

 

[SpaceCoastVol]

If you open up or run a franchise I wouldnt mind it.

I think there is potential there, but not just as a worker bee.

 

[LouderVol]

I think there is potential there, but not just as a worker bee.

Sure.

 

[GreveHaller]

I’m all for forgiving student loans

As long as I’m repaid for the money I shelled out for my three kids. Otherwise they can STFU and be an adult

 

[hog88]

Of course then you would widen the gap between the haves and have nots considerably.

How did poor people afford college before them?

 

[MG1968]

How did poor people afford college before them?

They went to poor people’s colleges like Pellissippi State, graduated, got a better paying job that helped them pay their way to their next degree at MTSU or ETSU.

 

[85SugarVol]

They went to poor people’s colleges like Pellissippi State, graduated, got a better paying job that helped them pay their way to their next degree at MTSU or ETSU.

They worked for 2 generations before the 3rd generation was able to attend Pellissippi. It was not until the 4th generation that they made it to MTSU.

 

[85SugarVol]

How did poor people afford college before them?

I was only the 2nd gen to go to college on my Father’s side. Hell, they didn’t go to high school…

 

[85SugarVol]

I’m all for forgiving student loans

As long as I’m repaid for the money I shelled out for my three kids. Otherwise they can STFU and be an adult

I think you all are discounting this out of hand too easily.

2 questions:

1. What is it going to cost?
2. What are we going to get?

 

[CagleMtnVol]

The right thing would be paying back the hard working people that did the right thing and payed their loans off.

 

[Vol8188]

Seems to fit here giving we will all be paying for his loan and eventual doctorate

Access ETSU celebrates first graduate Garrison Buchanan | WJHL | Tri-Cities News & Weather

 

[volfanhill]

The right thing would be paying back the hard working people that did the right thing and payed their loans off.

No that's wrong too

 

[CagleMtnVol]

No that's wrong too

Rewarding the working people who did the right thing?

 

[BigOrangeTrain]

Forgive all student loans. Why not? I mean who cares at this point? Nobody who works in our worthless government cares about spending or how it effects us.

 

[volfanhill]

Rewarding the working people who did the right thing?

You dont deserve a reward for paying off a debt you agreed to. That line of thinking is as bad as those who want a bailout. Your reward was your degree. Not anyone else's job to give you a handout, which is what it would be, because you paid off an agreed upon debt.

 

[StarRaider]

How did poor people afford college before them?

My Dad flew bombing missions during WW2 and went to Michigan on the GI Bill.

 

[MurphyVol]

Of course then you would widen the gap between the haves and have nots considerably.

No, prices would ultimately drop. Tuition increasing 20% a year during some of the lowest periods of inflation was ridiculous and a direct result of knowing the Fed loans would pay the bills.

 

[Vol8188]

Of course then you would widen the gap between the haves and have nots considerably.

I thought you told us that gap has gotten worse as access to college has increased?

Has your side been lying to us?

 

[newyorkvol]

OP was in 2012. Can’t believe people are still selling their votes on a campaign promise of student loan forgiveness.

For the record, undergrad at UT courtesy of TN National Guard, graduate school by Army scholarship. Zero debt.

But we don’t hear too much about that way to get a “free” college education.

 

[K-town Vol Fan]

You dont deserve a reward for paying off a debt you agreed to. That line of thinking is as bad as those who want a bailout. Your reward was your degree. Not anyone else's job to give you a handout, which is what it would be, because you paid off an agreed upon debt.

Yeah, 17-18 year old kids definitely understand interest and loans.

A lot of these kids don't exactly understand what they are getting themselves into, interest rate wise. And they underestimate tremendously the cost of higher education. One thing leads to another and before you know it you have 100k in student loans. At an interest rate you will realistically maybe never be able to pay back. It's horrible.

 

[allvol123]

OP was in 2012. Can’t believe people are still selling their votes on a campaign promise of student loan forgiveness.

For the record, undergrad at UT courtesy of TN National Guard, graduate school by Army scholarship. Zero debt.

But we don’t hear too much about that way to get a “free” college education.

Worked midnight shift to put myself thru undergrad. Left school with about 15k in debt and paid it off in less than 3 years.

Awarded a fellowship for grad school no debt.

Anyone that entered into an agreement for a loan for school needs to pay it off.

 

[rjd970]

Yeah, 17-18 year old kids definitely understand interest and loans.

A lot of these kids don't exactly understand what they are getting themselves into, interest rate wise. And they underestimate tremendously the cost of higher education. One thing leads to another and before you know it you have 100k in student loans. At an interest rate you will realistically maybe never be able to pay back. It's horrible.

Anecdotal, but I understood. Worked two jobs and went to school full time and graduated debt free with my undergraduate. Didn’t have time to party or have a social life. Ate a bunch of ramen noodles and tuna. Treated myself to fast food every once in a while and lived at home. Got my first employer to pay for my graduate degree at a private university.

It can be done without student loans and there shouldn’t be anything stopping somebody from understanding that. I went to a public school for HS by the way.

Something doesn’t sit right with me that others that borrowed their way through school and partied and got a degree in Social French Literature could now get a bailout.

This is to say nothing of the fact that military service can pay for it. I probably should have just done that.

 

[BigOrangeTrain]

Yeah, 17-18 year old kids definitely understand interest and loans.

A lot of these kids don't exactly understand what they are getting themselves into, interest rate wise. And they underestimate tremendously the cost of higher education. One thing leads to another and before you know it you have 100k in student loans. At an interest rate you will realistically maybe never be able to pay back. It's horrible.

Essentially everyone has access to the internet now. They can look it up. It’s pretty simple.

 

[BigOrangeTrain]

Anecdotal, but I understood. Worked two jobs and went to school full time and graduated debt free with my undergraduate. Didn’t have time to party or have a social life. Ate a bunch of ramen noodles and tuna. Treated myself to fast food every once in a while and lived at home. Got my first employer to pay for my graduate degree at a private university.

It can be done without student loans and there shouldn’t be anything stopping somebody from understanding that. I went to a public school for HS by the way.

Something doesn’t sit right with me that others that borrowed their way through school and partied and got a degree in Social French Literature could now get a bailout.

This is to say nothing of the fact that military service can pay for it. I probably should have just done that.

Undergraduate can be easily done without loans. Medical school, pharmacy and law school? Yeah not so much. But I get your point.

 

[rjd970]

Undergraduate can be easily done without loans. Medical school, pharmacy and law school? Yeah not so much. But I get your point.

Right, and those degrees will land you a job where you can pay it back.

I just don’t have much sympathy for those that have student loans they can’t or won’t pay back.