Girl's Behavior 
Guy's Behavior 
Flirting 
Dating 
Relationships 
Fashion & Beauty 
Health & Fitness 
Marriage & Weddings 
Shopping & Gifts 
Technology & Internet 
Break Up & Divorce 
Education & Career 
Entertainment & Arts 
Family & Friends 
Food & Beverage 
Hobbies & Leisure 
Other 
Religion & Spirituality 
Society & Politics 
Sports 
Travel 
Trending & News 
I didn’t own a car and rode bicycle to work for 2 years to pay off my student loans 2010-2011. In college I always worked including 2-3 jobs during the summer to help pay college tuition. I also got some scholarship money my senior year because I was a deans list student my first two years in college. I worked for that and earned it.
But one major question I just have to ask is why do people who never went to college have to now pay more in taxes to subsidize those who did?
One Biden proposal aims to reduce or eliminate accrued interest for millions of borrowers, particularly those whose loan balances have GROWN due to unpaid interest. It also targets borrowers facing financial hardships or who attended low-value educational programs.
Another proposal to help Long-Term Borrowers is Debt relief available for borrowers who have been in repayment for 20 or more years, with specific provisions for those with undergraduate and graduate loans.
NOBODY is paying more. The federal govt loan corp just not getting their continuing interest - approximately $230 billion in total forgone interest. For comparison that's 3 months spending on the US military. These funds not going to feds will be lost revenue it's true but the CBO is expecting 3/4 of the savings to be spent and 1/4 saved which will have a MUCH greater economic impact beyond the forgiveness amount.
The only government creates for money is by printing for money and driving up inflation because that dilutes the USD.
And why is nobody pointing the universities and auditing them on there in insane tuition and growing number absolute worthless and unmarketable bullshit college degrees? It’s because they predominantly leftist institutions and the escape mass media scrutiny obviously.
If you mean public universities they are audited and their budgets are public. If you're talking private universities they have no obligation to release anything.
Their budgets are public and they keep skyrocketing tuition rates more and more. I have yet to see an investigative journalist from a mainstream media outlet do their due diligence when to comes to pointing the finger at the public colleges themselves.
My little sister graduated from the same university I graduated from. I remember asking her about the tuition rates and she was paying 150% more than I was and she graduated only 8 years later then I did. We were both in state too.
So my questions are:
1) why isn’t anybody pointing the finger at the universities for their skyrocketing and insane tuition rates? I am talking about a true and transparent audit about what the colleges are wasting money on (a lot of it for bullshit staff and admin positions).
2) why are we allowing 19 year old kids to take out insane amounts of student loan debt (sometimes well over a $100k+) when most them can’t even legally rent a car? Hell most of them can’t even get approved for a credit card with a max limit that is more than $20k.
3). Why are universities offering more and more worthless bs majors with no hard evidence/statues that it will further a graduates career financially?
Universities are supposed to help young people prepare for the real world. Instead they have become a huge monetary driven institutions of greed using the so called veneer of “enlightenment and education” for young people.
Allowing students to take out federally backed student loans was one of the most asinine ideas ever thought of in our country. Most banks would never loan a 19 year old $80k+ in student loan money to major in “lesbian dance theory” or some other bs major. The loan officers and actuaries know damn well that person will most likely never find a lucrative career. It would be too risky to loan that kind of money given it would most likely never get paid back.
Different story if the student was getting a degree in the STEM field or law or something. Graduates from hard sciences, engineering, law, etc are going to be much more marketable for a lucrative career.
My resolution is to PRIVATIZE all student loans. That’s the answer. That would force young people to make wiser decisions when they go into higher education. They can go to a community college for a fraction of the cost to knock out the core college credits. Or if they want to be a scientist or engineer (and have a good SAT scores) they might qualify for a private loan.
But federally backed loans for college is gargantuan asinine idea. Also just having a college degree doesn’t make you “special” like it used to for many careers. My undergrad was in finance and my career for the last 20 years had absolutely nothing to do with finance.
And again I worked my ass off putting myself through college. My parents helped me the first year but after that they literally told me “your college expenses are killing us. It’s on you now”. And it was definitely f*cking on me. I always worked and I worked hard to support myself. And I SACRIFICED to pay off my student loans later.
Great questions!! Media does cover it as scare stories for middle class but not investigatively.
Totally agree these kids can't POSSIBLY make these LIFE CHANGING decisions on their own!
Yes. Universities have become incredibly bloated with useless admins & positions.
TY for replying!
Alright thanks for taking response seriously. I know we often have an adversarial debates on GAG especially when it comes to politics and the upcoming election.
But I am really not unreasonable “MAGA” type and I know you usually put a lot thought into some of your questions and comments.
But I am just pissed off and disgusted about a lot things going on. Political changes have detrimentally impacted my state (Colorado), my career (my real earnings are 14% less than they should be) and even my interactions with women. They often bring up politics first (in person) and if I don’t agree with them then 9 out 10 times I’m immediately labeled something I’m not. I remember a time when it was NOT like that even with women who were polar opposites with me politically.
Anyway I expect us to get in more political spats down the road. But again most of the time I argue about concepts not against the actual person (unless they insult me first).
I think you understand that dynamic and even though I disagree with many of your political views I can respect you for that. Too many people take political insults and personal insults. That’s got to stop.
*take political differences as personal insults
Every loan is paid either by the borrower of the guarantor. And guess who the guarantor is. It's YOU! In many cases some Schlep working 60 hour weeks at near minimum wage is paying for your degree in underwater basket weaving or Ugandan gay ballet, that you milked the system for so you didn't have to get a job. But Karma's a bitch. And so, incidentally, is Kamala.
You will end up with the Schlep's job because its all you are qualified to do. You won't even be able to afford weed anymore. But lucky you, since you are only able to afford a one bedroom apartment. Your rent will double every two years. If you had bought a house and it appreciated, they'd tax your unrealized gain at 25+% That way, they'd bankrupt you or force you to sell it (to Blackrock, State St. or Vanguard) to pay the tax. Then they'd rent it to you at double your mortgage and you'd end up homeless. Welcome to America.
Vote Republican and buy guns and ammo while you can.
So you're in favor of them paying it back then?
Here's the latest data:
Approximately 47% of recent college graduates in the U. S. have secured full-time employment in jobs related to their field of study.
However, a significant portion of graduates find themselves working in roles that do not require a college degree.
Specifically, 52% of college graduates are employed in jobs that don't necessitate higher education. This situation persists for many, with 75% remaining in such roles for up to a decade after graduation.
The choice of major plays a crucial role in employment outcomes. Graduates with degrees in fields like nursing are less likely to be underemployed compared to those in criminal justice. Internships and relevant work experience during college can significantly reduce the risk of underemployment.
Despite these challenges, having a college degree still correlates with higher income and lower unemployment rates compared to those without a degree.
Opinion
16Opinion
This is not how you solve the problem. I'd say get rid of the idea of student loans altogether.
No tax money wasted as there is no one to return the money to and due to the law of supply and demand, colleges will either be forced to lower the cost of tuition or businesses will have to find other ways to find out whether someone is worthy of employment because the number of college attendees will sharply drop.
Student loans are the very reason why tuition is so high. The price rises the higher the demand is, which is artificially raised by these loans.
That would be a HELLUVA social experiment. I'd like to see that play out in theory
There is not really much need for that. That was what life was like before student loans. You could work an entire summer of a minimum wage job to be able to pay for for school entirely. That was what my parents did. Thanks to the vicious and downward spiral, the costs and student debt will keep going up.
“ Their loans should be forgiven. It costs nothing & helps economy.”
Hell, it has already been being paid for & forgiven by the government and inflation had gone down also economy has recovered so there is no scapegoat or excuse as to why not except morons saying “freebies cost us taxes” which isn’t true since our taxes haven’t gone up also Democrats want to tax the rich then give citizens making less than $140,000 a year a tax break / tax benefits so…. If you really cared about “freebies” & “lower taxes” you’d support the Democratic Party instead of whining how life is unfair.
Student loan forgiveness is retarded. I went to school for free, I joined the military, was trained, learned a job and went to school for free (plus I got refunds from FAFSA). It was a very good deal and I still am able to go to school again on the GI Bill.
That option is open to every single "young" person who is healthy (without disabilities). I don't care what your loan costs, private college is a scam and would be called out as one, the price tags are all on the school websites.
You are responsible for your individual actions, you are in your keeping, stop looking to the government for money.
@bobby_bush_eater
Yes, the "GI Bill" that has always the way to pay for your college education. Plus as you stated you can also learn a trade.
Thank you for your service.
@MicroJ thank you for supporting vets! It's not even just the GI Bill, about half of states offer tuition assistance to the national guard, I was in a state that had 100% for state school and community college and while in the national guard I served enough active duty time to earn the GI Bill.
On top of that they have active duty tuition assistance (which I didn't use but many people do). It's such a way out for so many people that they don't consider due to all the stigma about joining the military
Even if the rates are usurious that would be banned in all 50 states but be cuz it's the feds
So you are supportive of government handouts since you got one?
@ThatGuyAaron I earned it with 6 years service. Then I earned my degree and paid for my books and supplies, I also secured my Air Force associates degree and did my bachelor's degree while serving so when I left I was already educated.
If you're implying I think other Americans should do this because they're actively exchanging something with the government for these benefits.
The college student who started and failed their communications degree from a private college has not earned or become entitled to anything.
I entered an agreement with the government and earned it through time and good conduct. What has the college student who drops out, or takes a useless major, or chooses to go to expensive non elite private schools to study very general majors like business or CJ?
You can't just negatively generalize millions of college students across the country as if they have all had the same experiences. Again, you received a government handout but seem to think that other people are entitled to the same just because you harbor some kind of resentment towards a specific group of people that you have deemed unworthy.
@ThatGuyAaron No, I entered an agreement with the government and I fulfilled my end of the bargain and they did theirs. It's not a handout when I deployed for this country and worked an overnight crew shift for so long without breaks it still effects my sleep. I earned it.
I would say to make programs like Law and MD degrees more accessible and affordable. There are some programs out there but there should definitely be more.
I'm in favor of those but I'm from the NE. I see all the private university price tags and enrollments. What entitlement does someone have to loan forgiveness? They entered an agreement with the government and no longer want to hold up their end or arbitrate that it's unfair? Okay then you forgive the loans hypothetically then what about next year when a new wave takes out loans?
I paid all my loans back with interest and If there's a program that can help these kids get out of debt that they've been diligently paying but still have interest payments to make long after the principal has been paid (20 years in Biden plan) You're damn right I'm going to support it! That's usually the difference between liberals and conservatives.
"Conservative say I don't care because it's never happened to me and liberal say I care because I don't want it to happen to anyone"
@DrPepper12 at 18 you're an adult. I was an adult and said I want to avoid the loans, the military was the obvious route. I suffered, endured, and grew. I earned what the government guaranteed to me if I passed BMT, my technical training school, then served honorably throughout my contract.
I did those things and the government held up their end. I don't hate the idea of new government programs targeting certain loan aspects, or trying to stimulate certain behaviors (law, MD) but to just forgive everyone's loans indiscriminately is on of the most backwards, stupid, and unconstitutional things I can think of. There's no excuse for so many students to choose private colleges over public ones when they choose broad degrees (nevermind drop outs). I have an accounting degree and when I was hired in the big 4 half the room was ivy League and the rest were big private schools all with loans just to be next to the veteran with no experience and a degree from a state school. Private college is a scam in a huge amount of majors, I have no sympathy for those who can't think ahead or plan in the slightest or simply compare price tags.
At 18 you can vote, you're an adult you're responsible for yourself then. The school systems are supposed to guide you in your decision as are parents for those who have them but at 18 all bets are off if you have the responsibility of voting. Ultimately when you enter a loan and agree to it's terms you repay it. It's simple, I chose a different route, I'm not better or smarter because I did that but I'm certainly better off than trying to suck at the tit of the government to be forgiven for my bad financial decision.
Loan forgiveness is dumb, and very wrong. It sends a message that you don't need to be responsible for your decisions, and that is so wrong.
And who do you think is going to pay for the loan payoffs? The taxpayers, who had nothing to do with taking out the loans.
Yes it's $230B in foregone revenue that the CBO estimates will be spent in the wider economy with a multiplier effect of 12-15x. It only applies to select borrowers who were ripped off or paid back principal & interest for 20 years and still owe interest. That's all.
The colleges and universities should assume all liability for the loans because they were the ones who inflated the price of higher education through ridiculous fees, mandatory meal plans, overpriced textbooks, and ever-increasing tuition costs.
The Biden plans only apply to public, not private, loans.
Would love to hear about what people opposed to student debt relief have to say about the billions of dollars in PPP loans given to wealthy business owners during the pandemic. Especially considering how much of that money was used fraudulently because of President Trump blocking oversight of the program.
GREAT POINT!! 💪🏻👍🏻😁
If these people go on to have a job that pays them $millions, are they going to pay it forward to other loan takers because their loans were forgiven? Shouldn't everyone's loans be forgiven too? 🤔 Nobody has bailed me out or paid my loans off.
Not everyone just the people who paid consistently for 20 years and the principal is long gone and it's interest only.
So are you saying these loans are a scam? People can pay off their home loans after 15 years. Why are these people on hock for 20 years or more? That's crazy!
Why should bricklayers and construction workers pay for somebody's gender studies degree that ended up not working out for them?
There's a reason why I did not go to college.. I did not want to be in debt and I figured I could go to trade school if I really needed more money.
This will only teach people that big daddy government will rescue them if they fuck up. I am not for that, I am for a night watchman state inspired by John Locke.
Yes it's $230B in foregone revenue that the CBO estimates will be spent in the wider economy with a multiplier effect of 12-15x. It only applies to select borrowers who were ripped off or paid back principal & interest for 20 years and still owe interest. That's all.
You're not paying for it directly. The federal government is forgoing the anticipated revenue, so it's indirect. Besides, if the economy can get a 12 to 15 time multiplier effect on spending that helps everyone! If they really had the priority straight they would cut the budget for needless things like defending the entire free world and letting these freeloaders pay their own money.
Where do you get off claiming loan forgiveness or for that matter handing out 25k to everyone for a house costs nothing and helps the economy?
In both cases your just setting a new minimum price bar upon which all existing education and houses are sold in the economy, while charging everyone else hundreds of billions if not trillions of dollars. In either taxes or more inflation.
Who mentioned housing? Yes for student loans it's $230B in foregone revenue that the CBO estimates will be spent in the wider economy with a multiplier effect of 12-15x. It only applies to select borrowers who were ripped off or paid back principal & interest for 20 years and still owe interest. That's all.
@drpepper12
Kamala did, but it comes from the same failed idea that you can simply give away money and it solves a problem.
Collage like housing is too expensive because the supply is artificially restricted via goverment rules, which in the case of housing is permitting and in the case of education it is accreditation.
No matter how much money you throw at either market your not going to get significant improvement until such time that said rules are effectively abolished.
Agree on housing. These NIMBY muthafuckers need to sit down and STFU. These are the same dickheads who complain that their kids all moved away but also say "I don't want THOSE PEOPLE in dense housing next to me"
My whataboutism: Then why is MAGA now saying it will cover ALL IVF treatments?
@drpepper12 Trump has always been a pragmatist first, and is agreeing with that policy because realistically this is the only option to try and save our people given the demographic age of Americans.
Yes it will significantly increase healthcare costs but if we don't get the birthrate up our problems will dwarf those expense in 20-45 years.
Even if we could handle the cultural and economic issues of immigration and it was at that scale a net benefit, the entire planets fertility rate has fallen dramatically in the last decade so that option isn't even going to be on the table soon.
Some countries like Japan and South Korea are already screwed with their medium age now above 45 a point where modern IVF technology isn't very effective. Their population is looking at a disastrous decline no matter what. But at 38 American still has a chance to slow this collapse.
en.wikipedia.org/.../List_of_countries_by_median_age
This is a completely fake story. It can't and won't ever happen. If people would take a couple of minutes and do some research that would realize how retarded this actually is
It's real I assure you.
Good, borrowing for indoctrination should be charged for
Wawa I want everything for free, liberals are such fucking babies
And anons are cowards.
I'll take being a coward over a commie cunt
Ooooooooookkkkkkkkkkaaaaaaaaayyyyyyyyy
Biden is just going to do it anyway. He already has spent billions of tax payers dollars on these deadbeats. He should be thrown in jail.
So that's a no?
He can't. SCOTUS just shut his ass down
Biden isn't trying to forgive loan debt he is buying their vote.
So he's like every politician since the dawn of time...
Why should I have to pay for someone else's mistake that's bullshit. You borrowed the money you pay it back.
They have and they did. Yes it's $230B in foregone revenue that the CBO estimates will be spent in the wider economy with a multiplier effect of 12-15x. It only applies to select borrowers who were ripped off or paid back principal & interest for 20 years and still owe interest. That's all.
Did they read the contract and sign the dotted line? Then pay back your shit and stop making me pay for it
It's actually economicly regressive to make them pay it back.
Don't care why am I paying for thier mistake. Make the universities pay for it instead not the tax payers
Good. Once again the SCOTUS is the only branch defending the constitution
Glad SCOTUS is doing their job
You can also add your opinion below!
