Forgive Student Loans?

[volfanhill]

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.

A.) That is a major indictment of our public education system. Yet another reason why the DOE needs to go away.
B.) Millions understood it just fine.
C.) It's not the governments job to make whole, by taking money away from other people, bc these folks made bad decisions. Where does one draw the line?
D.) I can only imagine how insulted and screwed over someone would feel who has a blue collar job and now is on the hook for some poor decision making college grads crap decision

Side note I have never been in favor of corporate or bank bailouts either so no need to bring it up

 

[BigOrangeTrain]

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.

I agree.

 

[Rasputin_Vol]

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.

That is WTF I've been saying for a while now. Govt invovlment and the institutional push to 4 year degrees in humanities instead of 2 year technical schools has ruined this nation. The govt created this problem, and here we are at $1.5+ trillion. The same people belly-aching and weeping/gnashing teeth about student loan debt are more thn willing to give the MIC a blank checkbook or back the FED in money printing.

 

[hog88]

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.

Being stupid can be expensive.

 

[Rasputin_Vol]

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

Well, back in those days, when America had a real economy, a high school grad had a better chance of getting a job out of high school or going into the trades vs today when the propaganda is thick and encourages these kids to rack up thousands in debt and frowns on the trades.

 

[Rasputin_Vol]

Being stupid can be expensive.

Yeah, if we are going to penalize these 17-18 year olds, then a bunch of these Boomers that ran us into the ditch need that same level of accountability.

 

[hog88]

Yeah, if we are going to penalize these 17-18 year olds, then a bunch of these Boomers that ran us into the ditch need that same level of accountability.

We’re running off a cliff now

 

[rjd970]

Yeah, if we are going to penalize these 17-18 year olds, then a bunch of these Boomers that ran us into the ditch need that same level of accountability.

I don’t disagree. It is more than inconsistent that a business can file for bankruptcy based on stupid decisions but someone with college debt can’t.

I just personally don’t like the fact that I sacrificed and worked my tail off while someone who didn’t gets bailed out on my dime that I actually earned.

 

[Rasputin_Vol]

I just personally don’t like the fact that I sacrificed and worked my tail off while someone who didn’t gets bailed out on my dime that I actually earned.

I get it. I understand. You are more angry at another person on your economic level or lower getting over on a bad decision than someone that should know better or someone in a higher social class doing the same.

 

[rjd970]

I get it. I understand. You are more angry at another person on your economic level or lower getting over on a bad decision than someone that should know better or someone in a higher social class doing the same.

I’m angry at the inconsistency. Someone with college debt should be able to file for bankruptcy just like anybody else. Getting bailed out instead of doing that is basically spitting on those of us that sacrificed. I would imagine any higher class person who had to file for bankruptcy instead of getting bailed out would be equally pissed. Same as those that were foreclosed on while Wall Street got a pass.

It’s all the same thing, social class has nothing to do with it.

 

[DC_Vol]

I am strongly against any type of debt relief for students. The people who have caused much of the original problem will be using other people’s money to buy votes.

If the government is truly committed to helping, get rid of the federal student loan programs. All of them. And then watch the cost of education plummet.

 

[volinbham]

I am strongly against any type of debt relief for students. The people who have caused much of the original problem will be using other people’s money to buy votes.

If the government is truly committed to helping, get rid of the federal student loan programs. All of them. And then watch the cost of education plummet.

Agree but I'm retiring so the Higher Ed crash won't hit me.

 

[Rasputin_Vol]

I’m angry at the inconsistency. Someone with college debt should be able to file for bankruptcy just like anybody else. Getting bailed out instead of doing that is basically spitting on those of us that sacrificed. I would imagine any higher class person who had to file for bankruptcy instead of getting bailed out would be equally pissed. Same as those that were foreclosed on while Wall Street got a pass.

It’s all the same thing, social class has nothing to do with it.

Again, your outrage should be directed squarely at the govt.. Yeah yeah yeah... $1.5 trillion. Meanwhile, we are $30+ trillion and climbing in debt. Let's not blame the future collapse of the country on the backs of a bunch of 17-18 year olds going out and making poor decisions based on ignorance and propaganda. I think the remaining debt far outweighs any of that, and it was created by people in their mid-careers that should have been held to the same financial accountability that most of you all want to hold these students to.

 

[volinbham]

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.

100K for any degree that a 17-18 year old is pursuing is insane. By the time they pursue graduate education there is no reason they should not understand interest and loans.

There is no other situation where you can borrow so much without the realistic ability to pay it back. The loan system is what is horrible.

 

[Rasputin_Vol]

I am strongly against any type of debt relief for students. The people who have caused much of the original problem will be using other people’s money to buy votes.

If the people highlighted in RED were the same people that I underlined , then I would be in 110% agreement with you. But obviously, we know that the underlined group created the problem, and then the students were taken advantage if due to their ignorance (or let's just say they were too stupid to know better). Either way, the people underlined need to be held accountable far more than the stooges that fell into the trap.

If the government is truly committed to helping, get rid of the federal student loan programs. All of them. And then watch the cost of education plummet.

Can't disagree with this. I would also add two things:
1. Encourage more trade school education vs 4 year degrees
2. Eliminate as many humanities departments and classes as necessary in all state universities

 

[DC_Vol]

If the people highlighted in RED were the same people that I underlined , then I would be in 110% agreement with you. But obviously, we know that the underlined group created the problem, and then the students were taken advantage if due to their ignorance (or let's just say they were too stupid to know better). Either way, the people underlined need to be held accountable far more than the stooges that fell into the trap.

The problem here is that holding them accountable is nothing more than having you, me, and every other tax payer foot the bill. Nobody is really being held accountable.

 

[volfanhill]

I don’t disagree. It is more than inconsistent that a business can file for bankruptcy based on stupid decisions but someone with college debt can’t.

I just personally don’t like the fact that I sacrificed and worked my tail off while someone who didn’t gets bailed out on my dime that I actually earned.

Filing for bankruptcy is different then a bailout. They should be able to file for bankruptcy for their debts

 

[DC_Vol]

I would also add two things:
1. Encourage more trade school education vs 4 year degrees
2. Eliminate as many humanities departments and classes as necessary in all state universities

We absolutely should encourage more trade schools, and now is the time for that. Because the ROI on a lot of current college degrees is not looking so hot.

I think point 2 will take care of itself once university coffers aren’t flush with government loan program money.

 

[volfanhill]

100K for any degree that a 17-18 year old is pursuing is insane. By the time they pursue graduate education there is no reason they should not understand interest and loans.

There is no other situation where you can borrow so much without the realistic ability to pay it back. The loan system is what is horrible.

There is zero reason why a 17-18 year old can't understand it. Well if they are capable of higher education it should not be a problem

 

[volfanhill]

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.

So they can't be trusted to get loans but should be able to vote? Explain how that seems like an intelligent position.

 

[SpaceCoastVol]

I don’t disagree. It is more than inconsistent that a business can file for bankruptcy based on stupid decisions but someone with college debt can’t.

I just personally don’t like the fact that I sacrificed and worked my tail off while someone who didn’t gets bailed out on my dime that I actually earned.

There's a yuge difference between bankrupting those loans and forgiving them. I'm all for allowing them to be bankrupted. That will set it all straight in just a few short years as you won't be able to get loans for idiotic degrees.. Gay Ethiopian poetry will no longer be a Doctorate anywhere.

 

[C-south]

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.

Tough s**t

 

[Godfatha]

Dems doing what they do best, buying votes to the detriment of the country. Why is no one asking the question, why has going to college become so expensive over the years, far outpacing inflation.

 

[Volatility]

We need to stop ushering all 18 year olds to college. The price has gone up while the number of available jobs has gone down. We need to do a much better job of informing our children what happens when you take on 5-6 figure of undischargeable debt.

As far as using our tax dollars to cover the student loans, I’m fine with it. I’d rather our tax dollars be used on our citizens instead of our tax dollars going overseas for wars or to Wall Street whenever their trades plummet in value.

Even better, I’d like it if students can discharge their debt in bankruptcy court.

 

[ClearwaterVol]

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

Has your side been lying to us?

Never equated the two. This is the very definition of a dishonest argument you are making.