Forgive Student Loans?

#401
#401
ClearwaterVol said:
Never equated the two. This is the very definition of a dishonest argument you are making.
Click to expand...

Not at all. College access has increased. Every kids with down's syndrome go to college now.

Yet you also tell me these gaps have worsened. Does the college access not matter? Shouldn't it have improved the gap?

I'm not claiming you've equated the two. Just that you believe both yet they seem to be contradictory. How do you square that away?
 
#402
#402
K-town Vol Fan said:
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.
Click to expand...

Every student in TN High Schools has to have a personal finance credit. If students do not understand interest from that course AND their parents, then tough sh-t....
 
  • Like
Reactions: allvol123, hog88, AshG and 1 other person
#404
#404
DC_Vol said:
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.
Click to expand...
How is removing the people responsible from office and never listening to them again going to cost us anything?
 
#406
#406
If anyone wants to cancel someone else's education debt, it's fine by me. I've dutifully paid mine. If someone in difficulty receives life-changing financial forgiveness, who am I to question their blessing?

The mindset that others' lives should be difficult because yours/mine was is a giant flashing sign of internal brokenness.

The Bible even talks about the need for jubilee, a celebration of human and financial debt that takes place every seven years and is meant to remove the chains of slavery that debt brings.

Soli Deo Gloria!
 
#407
#407
BigOrangeMojo said:
Every student in TN High Schools has to have a personal finance credit. If students do not understand interest from that course AND their parents, then tough sh-t....
Click to expand...

Must be new, I'm in my 20s and never took one. I don't think loans should be forgiven either, but to act like these universities and loans are not predatory towards children is asinine. A lot of kids do not have parents who give them any guidance regarding this, which they need.
 
  • Like
Reactions: Majors
#408
#408
Ttucke11 said:
Must be new, I'm in my 20s and never took one. I don't think loans should be forgiven either, but to act like these universities and loans are not predatory towards children is asinine. A lot of kids do not have parents who give them any guidance regarding this, which they need.
Click to expand...
Two year colleges are free. There are ways to blunt the rising cost of tuition by going community college or places like Pellissippi State. But I'm also on board with cutting down on yearly tuition increases of anywhere between 3-8%.
 
#409
#409
Ttucke11 said:
Must be new, I'm in my 20s and never took one. I don't think loans should be forgiven either, but to act like these universities and loans are not predatory towards children is asinine. A lot of kids do not have parents who give them any guidance regarding this, which they need.
Click to expand...

See the thread about how the only thing schools should ever teach are the minimum core subjects required to be gainfully employed for someone else's profit later on. Everything else is supposed to be the purview of parents to teach at home.
 
#410
#410
BigOrangeMojo said:
Every student in TN High Schools has to have a personal finance credit. If students do not understand interest from that course AND their parents, then tough sh-t....
Click to expand...
My wife teaches this in her class and it's available in personal finance classes as an elective in most schools. But many times my wife gets stopped at the store by parents to say thank you for teaching budgets, credit checks and how to write checks to my child because we never discuss it.
 
  • Like
Reactions: AshG
#411
#411
AshG said:
If anyone wants to cancel someone else's education debt, it's fine by me. I've dutifully paid mine. If someone in difficulty receives life-changing financial forgiveness, who am I to question their blessing?

The mindset that others' lives should be difficult because yours/mine was is a giant flashing sign of internal brokenness.

The Bible even talks about the need for jubilee, a celebration of human and financial debt that takes place every seven years and is meant to remove the chains of slavery that debt brings.

Soli Deo Gloria!
Click to expand...
I'm of the approach that any debt cancellation should come with a penalty. Maybe void the degree earned or work out a deal where you only remove a certain percentage of the debt. So if you have $100,000 or more in debt on a worthless degree, you are only on the hook for $50,000.

The remaining balance of the debt can just be printed up by the FED anyways. I'm not sure why the Karens in here make a big deal about all this. What's $1.5 trillion anyways when we are galloping past $30 trillion right now? This isn't a hill to be dying on.
 
  • Like
Reactions: TOUCHDOWN!!TN and Ttucke11
#412
#412
Rasputin_Vol said:
I'm of the approach that any debt cancellation should come with a penalty. Maybe void the degree earned or work out a deal where you only remove a certain percentage of the debt. So if you have $100,000 or more in debt on a worthless degree, you are only on the hook for $50,000.

The remaining balance of the debt can just be printed up by the FED anyways. I'm not sure why the Karens in here make a big deal about all this. What's $1.5 trillion anyways when we are galloping past $30 trillion right now? This isn't a hill to be dying on.
Click to expand...

I'd be happy with a zeroing out of interest accrual. That's where the biggest pain is.

And what is it with a penalty fetish? Why void a degree? It's not like it undoes the hard work and experiences it took to get the degree.
 
#414
#414
BigOrangeMojo said:
Tennessee high school grad requirements.

Graduation Requirements
Click to expand...

That's good they've done that, once again I'm in my 20s and never took it. I've done well, but not everyone does. Also a half credit of personal finance taught by the football coach (at least where I'm from all those type classes are) is probably not sufficient. But this is more on my soap box about how poor public education is.

Not sure how people can be upset about further educating 17 year old children on how much these loans can destroy their lives.

Majors said:
Two year colleges are free. There are ways to blunt the rising cost of tuition by going community college or places like Pellissippi State. But I'm also on board with cutting down on yearly tuition increases of anywhere between 3-8%.
Click to expand...

Agreed all around.
 
#415
#415
AshG said:
I'd be happy with a zeroing out of interest accrual. That's where the biggest pain is.

And what is it with a penalty fetish? Why void a degree? It's not like it undoes the hard work and experiences it took to get the degree.
Click to expand...
Zero out interest accrual. Also, say you graduate with $30k in student loans, like my GF, and have paid back at least $30K in principle plus interest over the last 25 years. There should be a mechanism for forgiveness of whatever is left.
 
#418
#418
AshG said:
I'd be happy with a zeroing out of interest accrual. That's where the biggest pain is.

And what is it with a penalty fetish? Why void a degree? It's not like it undoes the hard work and experiences it took to get the degree.
Click to expand...
I only threw in the penalty as a negotiating bone to throw to the hens that are upset about the debt any debt cancellation. I'm good with just paying the principal, also.
 
#421
#421
Rasputin_Vol said:
The remaining balance of the debt can just be printed up by the FED anyways. I'm not sure why the Karens in here make a big deal about all this. What's $1.5 trillion anyways when we are galloping past $30 trillion right now? This isn't a hill to be dying on.
Click to expand...

I’m in for this logic if I can use it with the IRS.
 
  • Like
Reactions: StarRaider
#422
#422
AshG said:
If anyone wants to cancel someone else's education debt, it's fine by me. I've dutifully paid mine. If someone in difficulty receives life-changing financial forgiveness, who am I to question their blessing?

The mindset that others' lives should be difficult because yours/mine was is a giant flashing sign of internal brokenness.

The Bible even talks about the need for jubilee, a celebration of human and financial debt that takes place every seven years and is meant to remove the chains of slavery that debt brings.

Soli Deo Gloria!
Click to expand...

Another sign of internal brokenness is buying votes by giving one group someone else's money.

Another sign of internal brokenness is intentionally creating moral hazard because it's easier than fixing core problems.

Another sign of internal brokenness is expecting someone else to bear the costs of your mistakes.

So yes if anyone wants to cancel someone else's education debt they are free to do so. This is not a case of someone (anyone) doing it; it is a case of the government forcing one group to pay for another group.
 
  • Like
Reactions: StarRaider
#423
#423
You guys still are not looking at this objectively.

what will it cost?
what will we get?
 
#424
#424
Void the ones from the for profit huckster schools. Make loans eligible for bankruptcy. Reassess the 10yr public service forgiveness and make it actually work. Remove all govt intervention from these loans

I'll choose throwing $500Bil at these over handing them to mnuchin
 
New posts
You must log in or register to reply here.

VN Store



Back
Top