Sooo, how do you forgive $10k of student loans without fixing the current problem? People taking out loans now just lose?
posted by iclfan2Sooo, how do you forgive $10k of student loans without fixing the current problem? People taking out loans now just lose?
When those in charge of government are literally teaching and espousing irresponsibility, you know the republic is in danger.
posted by QuakerOats
When those in charge of government are literally teaching and espousing irresponsibility, you know the republic is in danger.
According to you, the republic has been in danger since you got on this site. When's something going to finally happen? You're sounding like Pat Robertson and his regular world ending predictions.
posted by QuakerOatshttps://nypost.com/2022/08/18/bidens-actions-tell-the-truth-hes-gone-full-open-borders/
Hey, we made it 246 years, longer than most empires. It's been a fun ride.
bidEnS gOne fUlL opeN BorDerS!!!
*picture of a fenced border with border patrol*
posted by Dr Winston O'BoogieAccording to you, the republic has been in danger since you got on this site. When's something going to finally happen? You're sounding like Pat Robertson and his regular world ending predictions.
It is happening; it has been happening; you just haven't figured out where we are on the slippery slope yet.
Where are we?
- posted by QuakerOats
It is happening; it has been happening; you just haven't figured out where we are on the slippery slope yet.
Quit being so cryptic. Where exactly are we on this slope? How much longer do we have?
Do you think you're onto something? Or are you like the people that claimed the country was coming to an end:
Many more I'm sure.
Up to $20k education loan forgiveness for people make 6-figures?
If you can't pay back student loans making 6 figures I'm just going to assume you didn't study finance/accounting. And I will also guess you're driving a car that costs over $40k.
Fuck QQ. The worthless fuck still owes a self inflicted vasectomy from the Osama Obama election in 2016
posted by gutUp to $20k education loan forgiveness for people make 6-figures?
If you can't pay back student loans making 6 figures I'm just going to assume you didn't study finance/accounting. And I will also guess you're driving a car that costs over $40k.
100k not what it once was.
posted by Automatik100k not what it once was.
Tell that to the average bloke making the median HOUSEHOLD income of $62k per year.
Unfortunately… 62k also not what it once was.
posted by gutUp to $20k education loan forgiveness for people make 6-figures?
If you can't pay back student loans making 6 figures I'm just going to assume you didn't study finance/accounting. And I will also guess you're driving a car that costs over $40k.
That should get colleges to start reeling their out-of-control spending.
posted by Dr Winston O'BoogieThat should get colleges to start reeling their out-of-control spending.
I don't know how it would work for the smaller and newer colleges out there that lack large endowments, but the college should be on the hook at least as a co-signer, if not the financier.
I saw someone in admissions somewhere acknowledge they have to offer a holistic experience and it's very competitive to attract students. And I get that, but why should the taxpayer have to fund resort-style living for 5-6 years?!? College costs have gotten out-of-hand because they're more focused on providing a lifestyle instead of an education.
College doesn't have to be free, because it still provides a good ROI for most. But what the taxpayer might provide is a guaranteed loan for a shitty, spartan dorm room with mediocre food. Make it 1/3 the cost, and then the graduate needs to pay back the taxpayer.
posted by AutomatikUnfortunately… 62k also not what it once was.
$100k per year is plenty to pay back college loans if that person doesn't suffer from financial idiocy. $100k is the top 1/3 of all income earners. $40k per year above the median - no reason that person can't afford to pay back their loans.
And some couples making nearly $250k per year just got a $40k handout.
Also, this should really help inflation. But I bet this will jumpstart the economy because about 10M people are going to fall all over themselves to spend $20k they didn't have to pay loans yesterday...
I wonder how much new car sales will jump in the coming weeks.
Too broad of a brush there. Not all situations/loans are the same.
The government has been bailing shit out for years. I’m all for it. Print that money.
posted by AutomatikToo broad of a brush there. Not all situations/loans are the same.
The government has been bailing shit out for years. I’m all for it. Print that money.
Of course you are. Keep getting those shit degrees. Graduate degrees should get no help either.
Oh please, if your team proposed this, you’d be lapping it up.
Also, you know fuck all about my degree.
The WH spin doctor actually claimed it doesn't affect the deficit because it's going to be offset with the resumption of student loan interest (that was suspended during the pandemic).
Of course, no surprise after they took credit for reducing the deficit because of the massive Covid relief in 2020-21.
posted by AutomatikToo broad of a brush there. Not all situations/loans are the same.
Most govt loans max at about 6% interest, and a blended rate with subsidized loans should be lower.
Making ~ $40k per year more than the median income there is virtually no excuse for being unable to repay $20k in student debt. That's just poor financial management. Extremely poor.
Sure, there are exceptions like people with huge medical bills. But generally it's a combination of poor choices that result in being unable to repay loans. And I'm guessing the "bailouts" you're referring to actually paid the taxpayer BACK, with interest. Complete opposite of this shakedown.
posted by AutomatikOh please, if your team proposed this, you’d be lapping it up.
Also, you know fuck all about my degree.
Lol I wasn’t saying you. And would absolutely not. Thanks. I would support any party lowering interest rates or even back tracking on cumulative interest. But a handout, nah. Also, colleges need penalized. 100+ worthless employees at each one
I’m with you, the entire system is broken.
Whats the average student loan, something like 20-30k? I’m cool with helping people free up some cash in these times.
I’m with you, the entire system is broken.
Whats the average student loan, something like 20-30k? I’m cool with helping people free up some cash in these times.
People with kids get 10 s of thousands of dollars in tax credits each year for two decades. For what? Because they had a kid? How is this fair to those of us who don’t have kids? It’s not that diff