Forgive Student Loans?

#676
#676
Brave Volunteer said:
Agreed 100%! Not only that, not EVERY damn job should require a college degree just to get your foot in the door. The head of our AP department in my company decided a few years back that she was only going to hire people with a degree. Guess what? The turnover rate in her department skyrocketed because people with higher earning potential tend to move on to better opportunities. There ARE people in this world where college isnt an option for various reasons and there needs to be better job opportunities for them beyond Wal Mart, fast food and janitorial services.

I have an uncle who didnt have a college degree. Started on the ground floor with a company as a timekeeper. Worked his way up to regional director, making a damn good living! Hes now retired, living in a posh, gated community. Imagine if he had been turned away or been passed over for promotion all because he didnt have a degree.
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I agree way too many companies demand over qualified candidates for entry level positions then get mad when they leave. As long as someone shows up and is willing to do the work who gives an F if they have one or not.
 
#677
#677
DC_Vol said:
I can tell you with certainty that the federal loan and grant programs are the crown jewel of the DOE. They get measured, funded, and rewarded on total disbursement value.

These programs are not considered failures and repayment is not even a factor in the evaluation of the programs. They are considered a huge success and will not be going anywhere.
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Gross.

Give us $2T and we’ll get it right next time…
 
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#678
#678
Rasputin_Vol said:
You do realize that student loan debt shows up on credit reports, right? So if someone is dumb enough to extend them commercial credit, then that is the risk that lender should carry.

And also, lets not cry any tears for these lenders. They made these loans out of thin air. They didn't have any deposits backing these loans. Lets now pretend this is a real loss to the banks (or to the universities or to the govt for that matter).
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I don't disagree with your first statement at all. However, banks and government are one in the same. They are gonna get their (your) money. Keeping the proletariat in debt is the slavery they traded chains for. They WANT people in debt because it keeps them dependent. Non-bankruptable loans keep them there. That has been my whole beef from the get go with this 'cancel student debt' bull ****. Just let them bankrupt it. Then the market will take care of it. The loans for these stupid degrees will shrink quicker than Hillary's friends list.
 
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#679
#679
VolStrom said:
What happened to vocational schools? Back when I was in high school there was an option where I could go to a vocational school for the second half of the day or attend classes like gym and art.
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Yep. I have nieces and nephews and if they choose to go that route I am starting to feel more willing to help them financially than I would if they want to go to college.
 
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#680
#680
Brave Volunteer said:
Agreed 100%! Not only that, not EVERY damn job should require a college degree just to get your foot in the door. The head of our AP department in my company decided a few years back that she was only going to hire people with a degree. Guess what? The turnover rate in her department skyrocketed because people with higher earning potential tend to move on to better opportunities. There ARE people in this world where college isnt an option for various reasons and there needs to be better job opportunities for them beyond Wal Mart, fast food and janitorial services.

I have an uncle who didnt have a college degree. Started on the ground floor with a company as a timekeeper. Worked his way up to regional director, making a damn good living! Hes now retired, living in a posh, gated community. Imagine if he had been turned away or been passed over for promotion all because he didnt have a degree.
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Airlines are dropping the requirement for a 4 year degree for pilots.

But I will still be forced out the door when I turn 65. Can anyone tell me why again?

I've said this for years. College doesn't teach you **** other than how to think (I am really starting to doubt that anymore). I have flown with guys that have degrees ranging from an MIT EE to art history. They can both fly airplanes and do it well. Technology has reduced the need to 'think' one's way out of a malfunction. I could talk about that all day long.
 
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#684
#684
SpaceCoastVol said:
Airlines are dropping the requirement for a 4 year degree for pilots.

But I will still be forced out the door when I turn 65.
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There used to be many non manual labor positions that didn't require degrees. You were trained on the job. It was tribal knowledge, passed down from generation to generation. My mother used to work for a pediatrician years ago and she wasn't a licensed nurse. Yes, she did all the clerical work but she also knew how to take blood pressure, give shots, take temperature (and not just orally if you get my drift), etc. They trained her to do all that ON the job.
 
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#686
#686
SpaceCoastVol said:
I don't disagree with your first statement at all. However, banks and government are one in the same. They are gonna get their (your) money. Keeping the proletariat in debt is the slavery they traded chains for. They WANT people in debt because it keeps them dependent. Non-bankruptable loans keep them there. That has been my whole beef from the get go with this 'cancel student debt' bull ****. Just let them bankrupt it. Then the market will take care of it. The loans for these stupid degrees will shrink quicker than Hillary's friends list.
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I'll take that option.
 
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#687
#687
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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Inflation would spike by about another 50% of current rates.

Do none of you people have any clue whatsoever about economics? Eliminating the debt creates NOTHING. All it does is redistributes the current "pie". The gov assumes the debt, which will never be paid off. In order to make the books balance, inflation must devalue the pie of everyone else.

Why do you people not understand that the reason we are having inflation now is the extra $3+ Trillion Biden signed into law has to be either paid for by new taxes or by inflating it away.

For a short primer on inflating it away - Say your current debt is $30T and you add an extra $3T (10%). Since you are never going to pay that debt, instead you jack interest rates and additional demand drives inflation to 10%. Now what has happened is that Dem cronies and CRT/Trans/Woke programs got the money ($3T) but everyone's money is now worth 10% less (meaning that they are that much poorer). This is called wealth redistribution and it is little different than confiscation from those who create to those who do not. Another word would be communism - specifically because you are redistributing it to regime favored groups.

In this one case, "forgiveness" of student debt would essentially be giving to the leftwing institutions (since you can be sure they WILL get paid) who pretended to educate the young while stealing from everyone else.
 
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#688
#688
AshG said:
Who decides if the degree is worthless? Are we focusing on monetary production, or contribution towards the betterment of society?

And yes, the bolded part is right on the money. I'm certainly not seeing any of it. My salary as a professor is less than I'd make teaching public school, and combined with my wife's two jobs our children still qualify for Medicaid. But we make it work.
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If I am in manufacturing and when I look at the finished product off of the production line is weak, broken and useless to perform any meaningful task who do you think we should blame? The assembly line that made it of course.
Equally so, when what is coming out of education are squishy marshmellows crying for their safe space while triggered at the slightest thing that makes them uncomfortable, while they cant look between their own damn legs and figure out what gender they are, having no actual skills that will create anything except further grievance by pushing DEI, hating their country while simultaneously thinking it should take care of every problem they have - who the hell do you think we the public should blame?

The fruit from the tree of our educational system has become rotten. Lets stop maligning the fruit and instead take an axe to the tree.
 
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#689
#689
Brave Volunteer said:
Agreed 100%! Not only that, not EVERY damn job should require a college degree just to get your foot in the door. The head of our AP department in my company decided a few years back that she was only going to hire people with a degree. Guess what? The turnover rate in her department skyrocketed because people with higher earning potential tend to move on to better opportunities. There ARE people in this world where college isnt an option for various reasons and there needs to be better job opportunities for them beyond Wal Mart, fast food and janitorial services.

I have an uncle who didnt have a college degree. Started on the ground floor with a company as a timekeeper. Worked his way up to regional director, making a damn good living! Hes now retired, living in a posh, gated community. Imagine if he had been turned away or been passed over for promotion all because he didnt have a degree.
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3 real reasons why companies require college degrees even for the most basic entry level positions.

1. Griggs vs Duke Power case
2. HS educations have deteriorated to the point that you take a real risk hiring recent grads. Most have zero work skills (like showing up on time) and no interest in learning. At least a college grad has accomplished something and usually have basic work skills.
3. The pervasive club attitude of "I got mine so you're a loser if you don't have yours", seeing that expand into Masters now. Simply having a 4 year degree isn't the ticket to get get you into the club anymore.
 
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#691
#691
hog88 said:
3 real reasons why companies require college degrees even for the most basic entry level positions.

1. Griggs vs Duke Power case
2. HS educations have deteriorated to the point that you take a real risk hiring recent grads. Most have zero work skills (like showing up on time) and no interest in learning. At least a college grad has accomplished something and usually have basic work skills.
3. The pervasive club attitude of "I got mine so you're a loser if you don't have yours", seeing that expand into Masters now. Simply having a 4 year degree isn't the ticket to get get you into the club anymore.
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How I did it…old school and just open up
The door of a low level position
 
#695
#695
hog88 said:
3. The pervasive club attitude of "I got mine so you're a loser if you don't have yours", seeing that expand into Masters now. Simply having a 4 year degree isn't the ticket to get get you into the club anymore.
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Ugh, degree creep.

Some of the best band directors I've ever known never got anything beyond their bachelor's degree. I've met PhDs and DMAs who couldn't troubleshoot a rehearsal if their jobs depended on it.

Kurt Vonnegut called this decades ago. He was right about so many things.
 
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#696
#696
AshG said:
Ugh, degree creep.

Some of the best band directors I've ever known never got anything beyond their bachelor's degree. I've met PhDs and DMAs who couldn't troubleshoot a rehearsal if their jobs depended on it.

Kurt Vonnegut called this decades ago. He was right about so many things.
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A smaller company, sometime competitor/sometime partner recently sold to one of the big boys in our industry. Their model for acquisitions has been to keep most of the management in place and integrate operations but in this case the founder, the man that started the company and ran it pretty successfully for over 30 years wasn't qualified to stay sine he did not have a degree.

I'm thinking about sending them a thank you letter since we were able to poach a couple of their best clients when they didn't let him stay.
 
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#697
#697
hog88 said:
A smaller company, sometime competitor/sometime partner recently sold to one of the big boys in our industry. Their model for acquisitions has been to keep most of the management in place and integrate operations but in this case the founder, the man that started the company and ran it pretty successfully for over 30 years wasn't qualified to stay sine he did not have a degree.

I'm thinking about sending them a thank you letter since we were able to poach a couple of their best clients when they didn't let him stay.
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My grandfather ran a tree nursery for decades on an 8th grade education. My uncle runs it now with a high school diploma. It's made good money, and the only time it has lost money was when the mountain caught fire and took out part of the nursery, but I digress.

Education is important. Sometimes it comes from Whatever State University, other times it comes from Life University of Hard Knocks and Perseverance.
 
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#698
#698
hog88 said:
A smaller company, sometime competitor/sometime partner recently sold to one of the big boys in our industry. Their model for acquisitions has been to keep most of the management in place and integrate operations but in this case the founder, the man that started the company and ran it pretty successfully for over 30 years wasn't qualified to stay sine he did not have a degree.

I'm thinking about sending them a thank you letter since we were able to poach a couple of their best clients when they didn't let him stay.
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You have got to be ****ting me. You mean growing, managing, and selling a company didn’t check the box on education?
 
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#699
#699
DC_Vol said:
You have got to be ****ting me. You mean growing, managing, and selling a company didn’t check the box on education?
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I only have his side of the story and that's what he told me. He got paid a pretty penny for his operation so he'll be fine but he wanted to stay on.
 
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#700
#700
AshG said:
Ugh, degree creep.

Some of the best band directors I've ever known never got anything beyond their bachelor's degree. I've met PhDs and DMAs who couldn't troubleshoot a rehearsal if their jobs depended on it.

Kurt Vonnegut called this decades ago. He was right about so many things.
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Try reading Thomas Sowell
 
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