sk47
Well-Known Member
- Joined
- Nov 12, 2020
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- Location
- North Eastern TN
- First Name
- Jeff
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- Chevy Silverado & Nissan Sentra SE
Hello; This topic has been covered before. Some highlights. First is there are literally millions, including myself, who took out such loans and paid them back. I did not have the money to pay for college and back in the day banks would not do a loan without collateral. So it was a good thing I could borrow from the government....funny.
No one ever mentions the tax cuts the wealthy get EVERY time the GOP party
has the WH.
And then someone on here asks where the money is going to come from
to pay all of these loan forgiveness bills.
The beleaguered taxpayer is always the one stuck with bill.......... (that is
the lower income taxpayer I should say).............................
I also got a good deal in the loan terms. Better than if I went to a bank. Best I understand the loans are still a sweetheart deal. By that I mean good interest rates and a delay before you have to start paying back.
Near as I can tell those who make it thru college getting a degree in something that will lead to a job will make a great deal more money over a lifetime than those who do not go to college. Yet somehow the idea is that for all those who do not benefit in any way from the loans are supposed to help pay for someone with a degree. Someone with a degree who will make more money than the non-grad.
I live in what basically is a college town. Four of the houses close to me have college students renting them. Most of them live well. My closest student neighbor is in small animal vet school. He says he have over $200 grand in debt when finished. He and his wife have taken two vacations to Mexico in the last two years. The wife has a new vehicle. I have no objections about what sort of lifestyle they live, but do not see why i or anyone else needs to pay his student loans.
Back when I borrowed from the government I understood it was a loan. I knew it had to be paid back. Todays borrowers must have understood the same thing.
Some people go to trade schools. Auto mechanics, truck driving, HVAC and more. They also have to buy expensive tools to work with. Maybe they get student loans and if so this particular bit does not fit. So they shell out money or go into debt to get skills. Do they get some sort of forgiveness???
Lastly it looks to be a vote thing more than anything else. I will not go into that.
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