Forgive Student Loans?

[OHvol40]

Would have been a better option to go with fields that move the country forward. Teachers, engineers, medical, scientist, logistics, technology. Future Starbucks of America employees need not apply. But I'm sure there is discrimination to Russian Literature and women's studies.

Ok, let’s talk about this whine.

Here are real world numbers of degrees conferred: Number and percentage distribution of bachelor's degrees awarded by Title IV postsecondary institutions, by field of study: United States, 2005–06 to 2016–17

Discuss.

 

[JOEY’S ALL VOL !!!]

These loans are money that was supposed to be paid back. Now, an estimated $500B will be transferred to the tax payers. You can parse words and split hairs all you want, the end result, same as printing money, is that now the 52% and or so if people that actually pay federal income tax are on the hook for the added debt. It’s the same net result.

Exactly.

Just more government failure in a venture where they don’t belong to begin with. Nobody can borrow a dollar to save a dime better than the US government.

 

[865er]

The whole issue is that now people that made sacrifices or opted into things like trades are going to be shouldering the burden of a bunch of spoiled brats that are either too inept, too lazy, or too stupid to use the degree they chose to indebt themselves over. There's nothing positive about this at all.

I unfortunately wasted 2 years of my time / money in college and one thing I remember is being amazed at how many students had loans for their classes... but also took out other loans to pay for fancy apartments and alcohol. It was without a doubt the majority of people I met there doing it. Now here we are.

 

[kiddiedoc]

The requirements to qualify for lottery scholarships to a state school or CC in Tennessee are low enough that if you can't meet them, college probably isn't a great path for you, anyway.

 

[NashVol11]

It absolutely is the point. To avoid having debt he made a sacrifice that anyone else could have made. The people getting this grift now had to do nothing but be total losers and are getting a handout for a debt decision they chose. Is your comprehension busted?

“Oh no I walked a lot and now my feet are messed up, but these young kids get to drive cars after doing nothing but be total losers and I’m SO MAD about it”

Avoiding debt shouldn’t be the primary motivation for joining the army anyway, I thought they were “dying for their country” but it’s actually dying for debt relief? Nice.

Not to mention that $10-20K doesn’t cover nearly as much as the GI Bill does. Comprehension is working well enough to see about 12 holes immediately in his idiotic logic

 

[allvol123]

First reply to his idiotic tweet says it all

You should be refunded any money that you paid for education.

 

[ButchPlz]

I unfortunately wasted 2 years of my time / money in college and one thing I remember is being amazed at how many students had loans for their classes... but also took out other loans to pay for fancy apartments and alcohol. It was without a doubt the majority of people I met there doing it. Now here we are.

Bingo.

There are many, many decisions that can be made even at the time in school to avoid having a massive loan debt. There are even payment plans to make things easier to manage (I got my MBA on one of these types of plans directly with the school to spread tuition costs evenly over a year). I worked full time or nearly full time through all 6ish years of undergrad and postgrad to avoid killing myself with debt. And now I've used my degrees to work myself into a place where I won't get any of this benefit to watch a load of losers like @K-town Vol Fan who has a whole load of pride in letting himself default on a debt he elected to have for a degree he can't even figure out how to use. It's shameful.

 

[Majors]

The requirements to qualify for lottery scholarships to a state school or CC in Tennessee are low enough that if you can't meet them, college probably isn't a great path for you, anyway.

Not everyone is cut out for college. Trade school, military, police, fire department just to name a few. I know a few in the insurance and real estate doing well for themselves with no degree.

 

[happy-go_vol]

I can't help but hate this move. There's way too many people, unfortunately I'm friends with some, that go rack up student debt with dumb decisions and my money should not be their escape route. Perfect example of someone I know:

Goes to a small liberal arts college that's $40k a year, gets an English degree but doesn't want to teach so they are stuck working the front desk at a medical office with a ton of debt. Don't feel bad for them at all and they should burden the consequences.

There's this weird stigma with the majority of kids that going to a free community college for two years is a bad / embarrassing move. Also, we put way too much emphasis on college acting like it's required to make a really good living. It's absolutely needed for a lot of jobs but it's also a complete waste for a lot too.

If you could weed out the dumbasses I wouldn't be so against it.

Yeah, also college sees this easy money so they raise their tuition yearly. It's not a good situation. Most degrees can be gotten by reading Karl Marx, Hitler or lenin

 

[ButchPlz]

“Oh no I walked a lot and now my feet are messed up, but these young kids get to drive cars after doing nothing but be total losers and I’m SO MAD about it”

Avoiding debt shouldn’t be the primary motivation for joining the army anyway, I thought they were “dying for their country” but it’s actually dying for debt relief? Nice.

Not to mention that $10-20K doesn’t cover nearly as much as the GI Bill does. Comprehension is working well enough to see about 12 holes immediately in his idiotic logic

Your last point is largely irrelevant.

And seeing how the military is largely a service to the country in non-combat situations, which literally everyone (but you, I guess) understands, I am not sure why you draw up the strawman "dying for the country" ought to be the number one motivator anyway.

It's hilarious that you use words like "logic" then come in with straight buffoonery. I'm guessing you're a welfare/social services leech, too.

 

[865er]

We've moved past 4 years being the norm to graduate college and it's closer to 6 now. Another 2 years of loans is a lot of money and that issue should be addressed before shelling out millions.

 

[ButchPlz]

The requirements to qualify for lottery scholarships to a state school or CC in Tennessee are low enough that if you can't meet them, college probably isn't a great path for you, anyway.

Just be honest- if you can't meet them, figuring out how to pull on pants is probably too big of an ask.

 

[NashVol11]

Your last point is largely irrelevant.

And seeing how the military is largely a service to the country in non-combat situations, which literally everyone (but you, I guess) understands, I am not sure why you draw up the strawman "dying for the country" ought to be the number one motivator anyway.

It's hilarious that you use words like "logic" then come in with straight buffoonery. I'm guessing you're a welfare/social services leech, too.

Guy literally said he lost two legs for debt relief. Swap out “losing two legs” for “dying” if it was really that difficult for you to understand a pretty straightforward point. You called it buffoonery then had zero counter arguments whatsoever, and your guesses are as bad as those arguments were

 

[allvol123]

Not everyone is cut out for college. Trade school, military, police, fire department just to name a few. I know a few in the insurance and real estate doing well for themselves with no degree.

Honestly, we should be working to reduce enrollment in 4 year schools. Anything outside of engineering, medicine, business, should have very small availability.

 

[ButchPlz]

Guy literally said he lost two legs for debt relief. Swap out “losing two legs” for “dying” if it was really that difficult for you to understand a pretty straightforward point. You called it buffoonery then had zero counter arguments whatsoever, and your guesses are as bad as those arguments were

So you also can't read? I literally said the guy went into government service to secure a life without debt, like anyone else can. That's a counter argument to whatever you vomited out.

Yeesh, how do you get out of bed in the morning? Or do you?

 

[865er]

Honestly, we should be working to reduce enrollment in 4 year schools. Anything outside of engineering, medicine, business, should have very small availability.

The tech industry is in the same boat. Don't waste your time going to college.

 

[utvolpj]

Getting butthurt about debt relief because people didn’t go back in time and give you the same relief is what’s stupid. I’ve been paying off loans too, I would never be the type of dickhead to get mad because others don’t have to

The guy had to actually sacrifice something to get his paid. The context he signed meant something unlike the one it seems you signed

One of my good friends did rotc followed by 2 tours in Iraq to pay off his loans. Who knew he could just dye his hair pink and wait it out? Sticker

 

[utvolpj]

The requirements to qualify for lottery scholarships to a state school or CC in Tennessee are low enough that if you can't meet them, college probably isn't a great path for you, anyway.

The lottery also played a part in rising costs. Free money for schools

 

[norrislakevol]

Getting butthurt about debt relief because people didn’t go back in time and give you the same relief is what’s stupid. I’ve been paying off loans too, I would never be the type of dickhead to get mad because others don’t have to

I have paid and paid on my student loans. I owed a grand total of $700 before COVID struck and then I was done. I pay my own way.

If they want to cut the cost of college and make it more affordable then get government the hell away from all of it. When you involve a 3rd party payer then you have just tripled the cost of anything.

 

[NashVol11]

So you also can't read? I literally said the guy went into government service to secure a life without debt, like anyone else can. That's a counter argument to whatever you vomited out.

Yeesh, how do you get out of bed in the morning? Or do you?

So next time dude says he lost two legs for his country, we get to point out that it wasn’t for his country, it was for debt relief like he said? Or he gets to politicize his service for 20 different arguments at the same time?

The poster who thinks the difference between full tuition paid and 10-20K relief is “irrelevant” and “nothing” when it’s that guy’s entire argument maybe should posture a bit less, but hey, you’re welcome to keep digging

 

[luthervol]

Why is it wrong?

Why is doing the wrong thing wrong?

 

[C-south]

We've got a real life example of the kind of thieving lowlife that is deliberately aiming to default on the loan in @K-town Vol Fan right here in this thread. The comparison is absolutely laughable.

He must get his weed free.

 

[MOOOOONEY]

Getting butthurt about debt relief because people didn’t go back in time and give you the same relief is what’s stupid. I’ve been paying off loans too, I would never be the type of dickhead to get mad because others don’t have to

Who will be paying for this “debt relief”

The government? The only business the government runs is the USPS and it lost over 4 billion dollars in 2021

The “rich”? I have some really bad news for you. The rich politicians in Washington DC and their “rich” friends will never pay more taxes or their “fair share”

Corporations? See above. How did you think politicians become so rich in DC? They sure the hell aren’t going to bite the hands that feed them. It’s a nice show every 4 years “we are going to make the rich and corporations pay their fair share” but it never happens. The Dems control all 3 branches of government but why haven’t we’ve seen them place into effect what they scream about every 4 years?

So that only leaves small businesses and the middle and lower income class earners.

It’s ironic after only a few days of the inflation reduction bill passing , a bill that will hire 87k more IRS agents to target middle and lower income earners, that Joe Biden announced that some student loan debt will be forgiven. I guess we know where the money will come from now.

Only a fool would believe that the government is paying for this. Did Biden, his administration, and congress donate their salaries ,paid by taxes collected from citizens, for the next 2 plus years to cover the $500 billion dollar bill?

 

[Orangeslice13]

View attachment 483420
Why were debts forgiven?

To allow charity.
Jews can not lend and collect interest by the law.
They can only lend/give. If the borrower can’t repay by the jubilee then the money owed is considered a gift and the defaulter is considered trash.

How much lending do you think actually went on among the Jews?

Edit. Velo makes a good point. Anyone take this gift should be considered trash

 

[C-south]

The requirements to qualify for lottery scholarships to a state school or CC in Tennessee are low enough that if you can't meet them, college probably isn't a great path for you, anyway.

Here in upstate SC tuition is being paid in full on a year to year basis. I suppose as long as the money lasts.