Adrift · 61-69, F
Nope, I personally know of someone who had the ability to pay. Racked up a bunch of student loans and then sat there and told me with an attitude of entitlement that the government was going to forgive all her debt.
Who ultimately gets to pay that debt?
The working taxpayer.
Who ultimately gets to pay that debt?
The working taxpayer.
SumKindaMunster · 51-55, M
It's supposed to be an investment into your future. You take the loan out to get the education you need to get a job and pay back the loan. You should have a goal when you choose to pursue a higher education.
It's not a handout. I took out student loans to go to tech school. The school went bankrupt in the middle of my education. I still had to pay the loans back.
It's not a handout. I took out student loans to go to tech school. The school went bankrupt in the middle of my education. I still had to pay the loans back.
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SumKindaMunster · 51-55, M
@wishforthenight I still don't hear solutions and suggestions for change and reform. Just a lot of complaining about your perception of the system.
So, how do we fix it?
So, how do we fix it?
wishforthenight · 36-40New
@SumKindaMunster I think that's unfair of you to say I'm complaining. I'm stating facts here.
Still, how do we fix it? Glad you asked :)
I suggest:
Interest-free federal student loans.
Income-based repayment with automatic forgiveness after 15–20 years (like a lot of other countries do)
Hold predatory schools accountable (Like Trump University, for one).
More public funding for public universities.
Vocational and community college investment, because not everyone needs a four-year degree.
Still, how do we fix it? Glad you asked :)
I suggest:
Interest-free federal student loans.
Income-based repayment with automatic forgiveness after 15–20 years (like a lot of other countries do)
Hold predatory schools accountable (Like Trump University, for one).
More public funding for public universities.
Vocational and community college investment, because not everyone needs a four-year degree.
SumKindaMunster · 51-55, M
@wishforthenight Sounded like complaining to me.
Thanks for these suggestions, my responses below:
Income-based repayment with automatic forgiveness after 15–20 years (like a lot of other countries do) I'm ok with the repayments being based on proven income, not so on the auto forgiveness...too many people would take out loans, then not repay them, waiting for them to expire.
Thanks for these suggestions, my responses below:
Interest-free federal student loans
💯Totally agree, making it interest based creates an industry that is vested in getting you to continue to make payments as the more you pay, the more money they make.Income-based repayment with automatic forgiveness after 15–20 years (like a lot of other countries do)
Hold predatory schools accountable (Like Trump University, for one).
We do this already.More public funding for public universities.
Ok, that's acceptable.Vocational and community college investment, because not everyone needs a four-year degree.
They exist already.
Sazzio · 36-40, M
It's a loan to pay off from your wages I guess.
I have a car loan for 4 yrs (less than 3 now) and redundancy at my w/p been announced. My job can go but this loan will not stop. Good news, many many employees volunteered to be made redundant so I MIGHT not get the bullet. However, this year and all of next year will be filled with dread and uncertainty.
I have a car loan for 4 yrs (less than 3 now) and redundancy at my w/p been announced. My job can go but this loan will not stop. Good news, many many employees volunteered to be made redundant so I MIGHT not get the bullet. However, this year and all of next year will be filled with dread and uncertainty.
redredred · M
I can’t afford an Audi R8 so I’d haven’t gone into debt to buy one. Who forced you to go to college? Who forced you to go into debt to pay for it? Why didn’t you learn a trade? Electricians, plumbers, carpenters and HVAC mechanics make great money and get paid during their apprenticeship.
wishforthenight · 36-40New
@redredred And you did this? Or did you have the means to pay?
ArishMell · 70-79, M
They would pay more if the repayments are with interest.
The only schools in the UK that charge are the public ones - by British definition, meaning fee-paying private. (The term is historical, referring to how they originated.)
Universities charge but students can take loans repayable only once they start earning above a certain threshold - I am not sure what that is now. Though it is likely to be at a time when they are also trying to save for the deposit and mortgage on a home.
The only schools in the UK that charge are the public ones - by British definition, meaning fee-paying private. (The term is historical, referring to how they originated.)
Universities charge but students can take loans repayable only once they start earning above a certain threshold - I am not sure what that is now. Though it is likely to be at a time when they are also trying to save for the deposit and mortgage on a home.
ChipmunkErnie · 70-79, M
It's life -- some people have trouble living with life. But if we want to "forgive" student debt, I think that forgiveness should be based on the person's income AFTER graduation. Got a good job making a couple of hundred thousand a year after college, you should be paying off your debt. Unemployed, no income after school, forgiveness might be in order.
SomeMichGuy · M
It can be.
The people most affected by it were the students who attended for-profit institutions, some of which used lies as inducing conditions to get students to take out loans which would ultimately ruin them.
Outlawing for-profit schools and for-profit medicine would help the country a lot.
The people most affected by it were the students who attended for-profit institutions, some of which used lies as inducing conditions to get students to take out loans which would ultimately ruin them.
Outlawing for-profit schools and for-profit medicine would help the country a lot.
meJess · F
Tax is obligatory, a loan is a choice. Many people who take trade jobs, like electricians, earn more than many university graduates and don’t have student debt.
If you are smart enough to go to university you are smart enough to do the math on salary uplift compared to other careers.
If you are smart enough to go to university you are smart enough to do the math on salary uplift compared to other careers.
Picklebobble2 · 56-60, M
Sort of.
It is a con if you were sold the idea that "whatever the cost, you need to find a way to survive a college education for your employment prospects.
It's estimated that most graduates don't survive long in their chosen field simply because starting salaries are so low most seek better paid jobs elsewhere
It is a con if you were sold the idea that "whatever the cost, you need to find a way to survive a college education for your employment prospects.
It's estimated that most graduates don't survive long in their chosen field simply because starting salaries are so low most seek better paid jobs elsewhere
BiasForAction · M
SomeMichGuy · M
We also had better financial aid through the gov't.
When we went to mostly private loans, the costs of borrowing went up.
When we went to mostly private loans, the costs of borrowing went up.
come2gether · 46-50, M
in10RjFox · M
It's a punishment for believing in Education and getting lured into it for life and unable to get a job to payback. So the university must pay minimum wages during the unemployed period. And a graduate will then borrow from hookers and loan sharks who make more money without any student loan...
Instead if they start going for jobs and not take loans, the fees will start to come down and they can study after a few years with some good savings, rather than entering an university with loan and no savings and having to depend on parents.
Instead if they start going for jobs and not take loans, the fees will start to come down and they can study after a few years with some good savings, rather than entering an university with loan and no savings and having to depend on parents.
AthrillatheHunt · 51-55, M
It’s not a form of punishment . Having the funds is a form of privilege. You are not being punished , you are merely underprivileged.
Roundandroundwego · 61-69
Voting blue is how you make it forever!
No socislists. Just this. Only war, genocide and inequality. Lotsa poverty. You're a bipartisan country with no commies!
No socislists. Just this. Only war, genocide and inequality. Lotsa poverty. You're a bipartisan country with no commies!
Amyrakunejo · F
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wishforthenight · 36-40New
@MarmeeMarch I think you're deliberately confusing personal choice with systemic failure. Sure people choose to attend college, but they don’t choose to be born into poverty or take on crushing debt just to access opportunity.
The cost of college has exploded while wages haven’t kept up. That’s not bad luck, that’s a rigged system.
Saying “I suffered, so everyone else should too” isn’t fairness. It’s bitterness. We don’t build a better future by clinging to broken systems just because they were hard on previous generations.
The cost of college has exploded while wages haven’t kept up. That’s not bad luck, that’s a rigged system.
Saying “I suffered, so everyone else should too” isn’t fairness. It’s bitterness. We don’t build a better future by clinging to broken systems just because they were hard on previous generations.
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wishforthenight · 36-40New
@Thrust Nobody’s “forced” to take out loans, just like nobody’s forced to starve.
When the system prices people out of education unless they borrow, that’s not freedom, that’s financial blackmail.
Comparing student debt to taxes is laughably ignorant. Taxes fund society. Loans fund a rigged system that punishes the poor for wanting a future. If you can’t tell the difference, maybe you’re not cut out for these conversations. Stick to your MAGA bumper stickers.
When the system prices people out of education unless they borrow, that’s not freedom, that’s financial blackmail.
Comparing student debt to taxes is laughably ignorant. Taxes fund society. Loans fund a rigged system that punishes the poor for wanting a future. If you can’t tell the difference, maybe you’re not cut out for these conversations. Stick to your MAGA bumper stickers.