Top | Newest First | Oldest First
GainerDrew · 26-30, M
easterniowegin · 51-55, M
@GainerDrew yay! Now more kids can get meaningless degrees before they end up working retail jobs. 🤡
View 4 more replies »
easterniowegin · 51-55, M
@TryingtoLava an even bigger problem here is the content of the "education." Many don't want to discuss that, but it is a woke environment that teaches kids to be dependent, idiots who cannot think for themselves. Thus they graduate with useless info and have zero idea what to do or how to use it.
irishmolly72 · 56-60, F
@TryingtoLava Looks like Zimbabwe is moving here, actually. Have a great day! :)
irishmolly72 · 56-60, F
@easterniowegin Subsidized heavily by taxpayers. See how the scam works?
SW-User
Students loan should be given to only those who manage to get a top tier unis or enrolled in a course that offers a job having at least a near six figure entry salary. Half of the courses most colleges offer are pure garbage and has no real life value.
Unless there's change in loaning system, there'll always be massive debts and folks who couldn't manage to get a good job, which constitute most of the graduates, would ask for loan forgiveness. It should only be forgiven case by case basis too.
Loan forgiveness of any kind, corporate to agriculture to education, is a bribery to buy votes.
Unless there's change in loaning system, there'll always be massive debts and folks who couldn't manage to get a good job, which constitute most of the graduates, would ask for loan forgiveness. It should only be forgiven case by case basis too.
Loan forgiveness of any kind, corporate to agriculture to education, is a bribery to buy votes.
SomeMichGuy · M
@SW-User Well, getting rid of the predatory technical/vocational colleges which typically give jr. college-level certificates at MUCH higher prices (and some were basically loan factories) is bad.
When the gov't was more directly involved in student loans, the rates were kept low, which *was* already a help to borrowers.
But as for the courses...which courses did you find without any value?
When the gov't was more directly involved in student loans, the rates were kept low, which *was* already a help to borrowers.
But as for the courses...which courses did you find without any value?
SW-User
I really disagree with free university education as going to university is always a "choice". In other words, you don't have to go...people will say that we all benefit from graduates having gone to university, but do we really? Unless they study medicine, nursing and to a lesser extent teaching and engineering, there is absolutely no benefit. If you want to get a degree then you need to be the one to pay for it (even if it takes years).
I hope Biden's decision to cancel student loan debt backfires tremendously. Working-class people aren't going to benefit because the reality is that most of them aren't in university because they can't afford *any* aspect of college life and have to work as soon as they finish high school. This is just a way to appeal to young university educated voters...it does nothing for people who truly need help and real policy change from the government.
And, he's done this when the U.S is almost certainly in a recession.
I hope Biden's decision to cancel student loan debt backfires tremendously. Working-class people aren't going to benefit because the reality is that most of them aren't in university because they can't afford *any* aspect of college life and have to work as soon as they finish high school. This is just a way to appeal to young university educated voters...it does nothing for people who truly need help and real policy change from the government.
And, he's done this when the U.S is almost certainly in a recession.
SW-User
@SW-User I think it depends on what country you're in to some extent. There's a few issues with the U.S cancelling student loan debt and they range from the U.S almost being in a rescission (most economists predict one soon), this being a political tactic with no real consideration as to the implications, and a very evident lack of planning.
As far as I'm aware, you're from Southern Europe...there's less problems with class there. I live in the U.K, and the people who go to university here are almost entirely middle-class. It isn't free, but it's cheaper then in the U.S and yet that still doesn't make a difference when it comes to encouraging working-class kids to go to university.
As far as I'm aware, you're from Southern Europe...there's less problems with class there. I live in the U.K, and the people who go to university here are almost entirely middle-class. It isn't free, but it's cheaper then in the U.S and yet that still doesn't make a difference when it comes to encouraging working-class kids to go to university.
SW-User
@SW-User I am from Southern Europe but I have studied both in southern and northern Europe (Scandinavia). Even though the issue is not as obvious or intense over here (Sweden) the working - class will still choose to go to university. And education is free over here too.
SW-User
@SW-User Those places are very different to the U.S and U.K though, and I still think it's fair to pay for ones education after the age of 18. Over here we have a problem with many university graduates not even working in the field they studied in, which really makes their education and the money spent on it a waste. It's either because they can't find work in that area or have developed an interest in other things...tbh it happens all too frequently.
irishmolly72 · 56-60, F
@easterniowegin It will if it's monetized. If taxes are raised to pay for government spending it will crowd out private sector spending and kill good jobs.
easterniowegin · 51-55, M
@irishmolly72 even if the balances just disappear...they end up giving each idiot borrower hundreds of dollars in "free money" each month, for the next 20+ years.
They may or may not use that money wisely, i mean they just made a poor choice with school, i don't have confidence they will use the windfall smartly. Lol
But it is immediately converted into spendable cash.
They may or may not use that money wisely, i mean they just made a poor choice with school, i don't have confidence they will use the windfall smartly. Lol
But it is immediately converted into spendable cash.
Heartlander · 80-89, M
Education was once affordable, as was health care. Until politicians dug their f-----g claws in them.
Education isn't necessarily about job training, nor can the results be measured in dollars and cents. The benefits of a degree in English Literature or music are measured in something other than $$. As is a degree in basket weaving. Unfortunately, when you hang a $200,000 tuition cost on a degree in basket weaving it undermines both the value of basket weaving and our sense of economic value.
A college tuition of $15,000 breaks down to about $500 per credit hour. That's obscene. Even $250 is obscene. Anything over $100 per credit makes me scratch my head and question the how and why.
We are long, long, long overdue questioning how our education systems come up with such a ridiculously high cost.
Education isn't necessarily about job training, nor can the results be measured in dollars and cents. The benefits of a degree in English Literature or music are measured in something other than $$. As is a degree in basket weaving. Unfortunately, when you hang a $200,000 tuition cost on a degree in basket weaving it undermines both the value of basket weaving and our sense of economic value.
A college tuition of $15,000 breaks down to about $500 per credit hour. That's obscene. Even $250 is obscene. Anything over $100 per credit makes me scratch my head and question the how and why.
We are long, long, long overdue questioning how our education systems come up with such a ridiculously high cost.
Miram · 31-35, F
True.
Your children shouldn't get an education beyond bible verses.
You all are just minimum wage slaves. Not meant for greater aspirations that been long limited due to monetary reasons.
You don't have to reach your full potentials and offer your people the best you can intellectually.
All of that is nonesense. You need to keep occupying your mind with paying debt and bills, nothing else.
Your children shouldn't get an education beyond bible verses.
You all are just minimum wage slaves. Not meant for greater aspirations that been long limited due to monetary reasons.
You don't have to reach your full potentials and offer your people the best you can intellectually.
All of that is nonesense. You need to keep occupying your mind with paying debt and bills, nothing else.
irishmolly72 · 56-60, F
@Miram Their "greater aspirations" are to pick my pocket. And please stop the anti-Christian hate speech.
Miram · 31-35, F
@irishmolly72 You're a funny one.
Northwest · M
How high will college tuitions go now?
It's official! Students can now filch out on their loans.
If you're trying to establish causality for top statement, using the second statement, then you've missed the mark by a mile.
A Biden administration agenda item, was insuring the first 2 years of college were completely free, and establishing a respectable and free, vocational school system, to replace the for-profit junk we now have. The GOP and some of the right of center Democrats said "gee, there is no money for that".
irishmolly72 · 56-60, F
News Flash:
The federal government's student aid website crashed on Wednesday after President Biden announced $20,000 in student loan relief for Pell Grant recipients and $10,000 for other borrowers.
The site, studentaid.gov, was still down due to "high volumes of visitors" around 9:00 p.m. Eastern Time.
Everyone wants to suck the government's tits! 🤗
The federal government's student aid website crashed on Wednesday after President Biden announced $20,000 in student loan relief for Pell Grant recipients and $10,000 for other borrowers.
The site, studentaid.gov, was still down due to "high volumes of visitors" around 9:00 p.m. Eastern Time.
Everyone wants to suck the government's tits! 🤗
@irishmolly72 said it already-this is something that will be a gold mine for those involved fraud, waste and abuse. Why? It’s a Federal govern run program.
irishmolly72 · 56-60, F
According to OpenSecrets, more than $130 million has been spent lobbying on education policies since 2021 by numerous prominent colleges. The colleges may profit from a decrease in student loan defaults, and some benefits of the handout for student loans "might be captured by colleges themselves in the form of higher prices (both tuition and net)," the Wharton study stated.
Neoerectus · M
States and fed govt used to subsidize education. This is just a diff. way. If loan vendors had not been so corrupt and incompetent the issue would be less. I know from my own experience that vendors/USDE unilaterally change conditions of loans illegally. when changed from one vendor to another they 'conveniently' lost payment records. Luckily, from a couple FOIA requests I had the data on the letterhead.
The single largest price driver is that the same colleges that get the money also serve as the qualifier and disburser of loans...MAJOR conflict of interest. Fox guarding the chicken coop. Small wonder college costs skyrocketed in multiples of the background cost of living increases.
The single largest price driver is that the same colleges that get the money also serve as the qualifier and disburser of loans...MAJOR conflict of interest. Fox guarding the chicken coop. Small wonder college costs skyrocketed in multiples of the background cost of living increases.
Heartlander · 80-89, M
@Neoerectus
Actually, it starts with government backing of those loans and manipulating bank regulations to make them no risk investments to bankers.
They do the same thing with home mortgages. It damn near triggered another depression just 15 years ago.
If loan vendors had not been so corrupt and incompetent
Actually, it starts with government backing of those loans and manipulating bank regulations to make them no risk investments to bankers.
They do the same thing with home mortgages. It damn near triggered another depression just 15 years ago.
Neoerectus · M
@Heartlander Mine were direct federal loans.
I honestly think college or trade schools should be free at public schools as an investment in the country. Of course I also think courses in entrepreneurialism should be required for all as part of this curricula.
I also think no business is too big to fail. we have done far more corporate welfare that has enriched the few to the detriment of the masses... I include bloated govt contracts...eg DoD contracts.
I honestly think college or trade schools should be free at public schools as an investment in the country. Of course I also think courses in entrepreneurialism should be required for all as part of this curricula.
I also think no business is too big to fail. we have done far more corporate welfare that has enriched the few to the detriment of the masses... I include bloated govt contracts...eg DoD contracts.
Heartlander · 80-89, M
@Neoerectus They were practically free in the 1950s and 60s. My student activity fee was actually higher than the tuition. The big cost was room and board, But that was no different whether you were a student or not.
irishmolly72 · 56-60, F
@deadteddy I guess I'm jealous that I can't just free ride like them. (sigh)
irishmolly72 · 56-60, F
"... canceling student debt will signal to future borrowers that their debt will also be canceled at some point, creating a moral hazard, College students will take on as much debt as they wish, as they expect no consequences of taking it on. This too will allow colleges to continue to raise prices."
Isabelle Morales
Isabelle Morales
SomeMichGuy · M
@irishmolly72 I agree that college costs need to be contained.
I hope she and you were both appalled at the big bank bailouts due to banks not acting like banks, too.
I hope she and you were both appalled at the big bank bailouts due to banks not acting like banks, too.
irishmolly72 · 56-60, F
@soar2newhighs They couldn't have picked a better name! 🍀
@irishmolly72 Thought you might like it!
tallpowerhouseblonde · 36-40, F
Many degrees are useless and students take on loans with unrealistic job expectations.Subjects such as a degree in Gender Studies are a waste of time and effort.
It is better now to take up a skill such as electrician,joinery, plumbing.A trade like these are always in demand,pay well and there is no student dept to pay back.
It is better now to take up a skill such as electrician,joinery, plumbing.A trade like these are always in demand,pay well and there is no student dept to pay back.
irishmolly72 · 56-60, F
@Slade Now that the IRS has guns and an army of agents, this should be easy to do.
easterniowegin · 51-55, M
@Slade ivy league has approximately $200billion in endowments...and this is tax free investment assets.
Add to that the billions that they get each year in grants, scholarships, and award money from fed govt. We are paying them several times....and most of us can't even send our kids there.
Add to that the billions that they get each year in grants, scholarships, and award money from fed govt. We are paying them several times....and most of us can't even send our kids there.
Punxi · 26-30, F
Personally,. 73k and change annually. Allocated by a Phd. Program funded in part by my scholarship, the state of California and the federal government. Embarked on this 7 years ago as an independent. Meaning my parents no longer claimed me tax wise. Been a long road...and Ive immersed myself in much debt. But even in absence of it's government relief, I'd once again begin a long road of paying it back. Gratitude for the opportunity to pursue my dreams....much in the same way I'd support the freedom of the pursuit of yours.
CountScrofula · 41-45, M
irishmolly72 · 56-60, F
Coffeequilt · 51-55, F
Heartlander · 80-89, M
The US is being run by lame duck president and a lame duck political party that's hell bent on clearing out the Fort Knox and the US Treasury and sending America into bankruptcy before they take the express flight to China, where they will be hailed as founding fathers and mothers of the USSA.
Here’s a bit of info re: $10k… There’s more to this article but I focused on the 10K.[image deleted][image deleted]
[image deleted]@irishmolly72 I just came across this so you anyone here who owes loa payments ( federal) this has information that might give some guidance.
@irishmolly72 a bit of…yeah, come work for the Government! Just an opinion, but a great chance this will be a gold mine for the fraudsters and scammers.
Heartlander · 80-89, M
@soar2newhighs
This is crazy. There are all kinds of anti-monopoly and anti-trust laws to prevent businesses and individuals from stacking the deck in favor of some at the expense of others in business dealings. Fair pricing and equal access to markets are fundamental to a robust economy.
At what point do we call the anti-trust cops to report violations by the US government itself?
This is crazy. There are all kinds of anti-monopoly and anti-trust laws to prevent businesses and individuals from stacking the deck in favor of some at the expense of others in business dealings. Fair pricing and equal access to markets are fundamental to a robust economy.
At what point do we call the anti-trust cops to report violations by the US government itself?
SomeMichGuy · M
The tuition increase has been an ongoing problem. It's more than a sentence problem.
RedBaron · M
What's it to you? Do you have college-age kids?
Rhode57 · 56-60, M
Lol
SkeetSkeet · 100+, F
Neoerectus · M
yup
Neoerectus · M
@irishmolly72 Seriously? My mother earned both a BS and an MS at your age while working fulltime as a single mom. She had amazing energy