Forgive Student Loans?

#451
#451
Rasputin_Vol said:
I've paid my student debts off and also had the majority of it paid by my employer provided that I maintained a certain GPA. So you are not special. The way you guys get puzzled about student loan debt is the way I feel about SS, Section 8 and Obama phones.
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You have me confused with someone else. It is crystal clear to me.
 
#452
#452
SpaceCoastVol said:
You have me confused with someone else. It is crystal clear to me.
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I'm simply responding to your justifiable (to a certain level) disgust at you being able to make good decisions in life, but then seeing others get bailed out in similar situations. I understand what you all are mad about, but I just think this is a unique situation.
 
#453
#453
Rasputin_Vol said:
I'm simply responding to your justifiable (to a certain level) disgust at you being able to make good decisions in life, but then seeing others get bailed out in similar situations. I understand what you all are mad about, but I just think this is a unique situation.
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I don't. Like someone else said, it's a life lesson.
 
#454
#454
SpaceCoastVol said:
I don't. Like someone else said, it's a life lesson.
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Which is why I think there needs to be some punitive action tied in with any debt relief. But I'm just don't think that tying down a person with tens of thousands or hundreds of thousands of debt is a life learning experience. People that went out in 2005 and bought McMansions and F-250s were able to walk away from their debt after 7 years... and they were in their 40s and 50s... yet one of the very first finacial decisions a person makes in their life should be inextinguishable debt? Nah, the students made poor decisions, but the govt and banks should have never lent the money willy-nilly either.
 
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#455
#455
Rasputin_Vol said:
I've paid my student debts off and also had the majority of it paid by my employer provided that I maintained a certain GPA. So you are not special. The way you guys get puzzled about student loan debt is the way I feel about SS, Section 8 and Obama phones.
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Damn, why did you get your student loans paid off by your employer? Mine were paid off through my monthly pay check for working.
 
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#456
#456
I'm in teacher education. Mine get wiped after ten years of no missed or late payments thanks to service in a necessary field (according to the gov). Just have to keep my job for nine more years.
 
#457
#457
Rasputin_Vol said:
Doesn't matter how much it costs. And if we didn't give a damn about PPP money or where weapons sent to the Middle East and Eastern Europe end up, why are we now going to act like writing off some student loan debt is a catastrophe?
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What would happen if the Democrats were allowed to write off $1.7T in student loan debt right now?
 
#458
#458
85SugarVol said:
What would happen if the Democrats were allowed to write off $1.7T in student loan debt right now?
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A heckin' lot of people would be able to put money into savings or increase their expenditures. More money churn is good for business.
 
#459
#459
AshG said:
I'm in teacher education. Mine get wiped after ten years of no missed or late payments thanks to service in a necessary field (according to the gov). Just have to keep my job for nine more years.
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What do you teach?
 
#461
#461
AshG said:
Teacher Ed. I conduct one band class, then I spend my day supervising student teachers, teaching education philosophies and methods courses, and working across departments to ensure high quality monitoring and feedback.
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How much to obtain such a degree in "teacher ed"?
Cost and benefit of achieving such a degree.
If one expects to earn say $50K/year as a HS teacher, and yet expends $100K for that 4 year education...well, that is very poor metrics, especially as trades are paying six figures now without any further higher education. Only real practical and hard working applicants apply.

The thing about our institutions, they have been so over inflationary in the cost/ return benefit that it is unsubstantial, just like the Fed deficit.
 
#462
#462
Rasputin_Vol said:
Which is why I think there needs to be some punitive action tied in with any debt relief. But I'm just don't think that tying down a person with tens of thousands or hundreds of thousands of debt is a life learning experience. People that went out in 2005 and bought McMansions and F-250s were able to walk away from their debt after 7 years... and they were in their 40s and 50s... yet one of the very first finacial decisions a person makes in their life should be inextinguishable debt? Nah, the students made poor decisions, but the govt and banks should have never lent the money willy-nilly either.
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The banks were guaranteed those loans. That is the problem. Let people bankrupt that **** and a lot of problems get solved. The pain will be born by those who took out the loans, the banks who lent them and the universities that ran up stupid costs for stupid degrees
 
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#464
#464
Orangeburst said:
The thing about our institutions, they have been so over inflationary in the cost/ return benefit that it is unsubstantial, just like the Fed deficit.
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Yep. I have to agree. Administrative bloat is through the roof nationwide. Colleges and universities are handing out six and seven figure leadership salaries while ending tenure track lines and pushing more positions to adjunct level. And in many cases (not UT), campuses are having to keep their athletic departments afloat on the backs of academics.
 
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#465
#465
AshG said:
Yep. I have to agree. Administrative bloat is through the roof nationwide. Colleges and universities are handing out six and seven figure leadership salaries while ending tenure track lines and pushing more positions to adjunct level. And in many cases (not UT), campuses are having to keep their athletic departments afloat on the backs of academics.
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Fine but keep deflecting from the cost/benefit of this debt. Stop expecting "teacher ed" grads to expect to pay for their overly expensive tuitions when hitting the workforce. It is like a toilet bowl.
 
#466
#466
Orangeburst said:
Fine but keep deflecting from the cost/benefit of this debt. Stop expecting "teacher ed" grads to expect to pay for their overly expensive tuitions when hitting the workforce. It is like a toilet bowl.
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Thinking of what I'm allowed to say here...

Most of my students are on scholarship and work to pay the remainder plus their rent. But I acknowledge my department is the exception rather than the rule.
 
#468
#468
AshG said:
A heckin' lot of people would be able to put money into savings or increase their expenditures. More money churn is good for business.
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Hence why we have credit scores. Expect people to be prudent with their finances, while disregarding the basis of any fiscal responsibility by signing a "contract"
Sorry, but life is a bitch
 
#469
#469
Orangeburst said:
Hence why we have credit scores. Expect people to be prudent with their finances, while disregarding the basis of any fiscal responsibility by signing a "contract"
Sorry, but life is a bitch
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Could be wrong but I donk think credit scores are in consideration on student loans. Anyone who wants one can get one, and get however much they want. Thats a small part of the problem.
 
#470
#470
K-town Vol Fan said:
Could be wrong but I donk think credit scores are in consideration on student loans. Anyone who wants one can get one, and get however much they want. Thats a small part of the problem.
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It is called establishing credit. And a big fail. They can suck it up buttercup
 
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#471
#471
I’ve come to a point where I would concede, sure, pay off all outstanding student loans:

End all federal funding to colleges, and make it illegal for the federal government, or it’s subsidiaries, to loan money for college education going forward.

Then watch how many $100,000 a year humanities twice a week “professors” lose their jobs. Universities have been setting billions of dollars on fire for decades, because DC keeps writing the checks (to the school and loaning money to the kids… who pay it to the schools)

Noodle that one out and get back to me.
 
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#474
#474
Loans should not be backed
People should be able to bankrupt against them
You are an ass if you think your loan should be paid off for you by others.
 
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#475
#475
4 years at UT, living on campus, is over 120k. How many 17 years old have that type of earning power? Thats 30k a year. I suppose you could work full time, and pay 100% of your salary and MAYBE get close to paying it off, but then you probably aren't going to be able to graduate in 4 years working full time. The whole system is ****ed. And don't get me started on the $130 text books. Its all ****ing money racket, and it needs to stop.
 
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