student debt forgiveness is back

Shadow277

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Don't you guys feel good that you're helping out your fellow man and children?





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FreePenguin

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Don't you guys feel good that you're helping out your fellow man and children?
I don’t get enjoyment out of others running up debt and not paying it back, then having me foot their bill.
 

FreePenguin

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Yeah.......without our education system where would we get the next generation of communists?
College people are really the only ones pushing for this, people with the debt and those who want to go everyone’s else is not happy they realize how stupid it is to pay for others college because they’ve done paid theirs off or aren’t going
 

Burkey

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A friend of mine has a AC business. Got a call to do a job and when he got to the house it was a 300k+ house and had a hummer and an escalade in the driveway. Single mom, 4 kids and no job. All free from the gov. and our pay checks. 300k house in my area is a damn nice house. Welcome to communist America. I wonder where and when the first concentration camp will show up?
Out of interest, how do you happen to know the circumstance of this persons income? Is it a possibility that they may have an inheritance or some other form of income that you don’t know about?
 

sabtaj1

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I'm sure more would have went to college if they knew they wouldn't have to pay for it. I would have. LOL.. But they can pay my car off instead, I am fine with that. HAHA. Sh*t is out of control. On the other hand, I am about to unload some ammo and build an extra garage.
 

HoosierDaddy

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Don't you guys feel good that you're helping out your fellow man and children?
Of course I feel good helping my fellow man. I'm enlightened. Love helping out anyone who wants to take things from me by force to improve their lives whether it be muggers, thieves, kidnappers, etc.. Same for students who are also just victims of society.
 

sk47

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Don't you guys feel good that you're helping out your fellow man and children?
education pushes the nation forward.
Hello; These two posts reflect sentiments which could be valid under some circumstances but, in my opinion, not a good fit for student loan debt. Helping out my fellow man sounds good and there may be a few people who have student loan debt who are deserving of some sort of assistance. Say someone went to college and was hurt in an accident or got some serious illness and is in a bind trying to pay back the loans. If circumstances such at that were the reasons behind asking others to pay the debt, then I doubt so many would be against it.
From what I hear so far the debt forgiveness is not going to be restricted to only the genuine needy. The proposals are more the blanket sort for all with the debt from what I know so far. I do get that for some paying the loans is a chore and they have to do without to make the payments. Been there and done that myself. I will even venture a guess that some who can repay in comfort will qualify for the forgiveness. The details will make some difference in my attitude. I know this will be a side track but I would be more inclined to support government largess for the wounded vets than student loan debt.

Sure education can push a nation forward. In this thread this has been kicked around already. No point in going thru all that again. Perhaps the best way to address this is to take a look at the condition of K to 12 public education. Free in the sense of little to no cost to the students and the rest of a community pays for it. I am not going to pretend no one graduates from 12th grade with a sound basic education because some do in spite of the flaws in that system.
A number of students get a high school diploma each year and are illiterate. Why bring up that particular point? Thing is for some time already a college degree has been heading the same way. Take away the need to repay the loans will accelerate the demise in the value of a college degree.
 

Briebee72

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This is just anther have and have nots argument. The have nots want help and the haves graciously extend the middle finger. The haves have so they feel the have nots should not. Typically the haves had help yet claim they did it all themselves. They normally either were born into a family that was well off or at least had the means, they had support they had loans and grants and all that... yet claim they did it all themselves so everyone else should too. The haves had friends or business connections to get start in a business or moved up a ladder to a higher paying job and claim well they did it all themselves. The have nots did not have these friends or well off families or even house per say. They are trying but struggling because they did not start from a place of privilege's. The haves dont care you know because they did it all themsleves and say that everyone else should too. regardless every single person in this chat has had help with or for something. NO ONE got through school on their own period. Regardless of what your ego says. Not one person here Paid cash from their pocket from their paychecks for 100% of their schooling. They got grants, scollerships, g.i. bills and so on all funded by....... tax dollars. So every single person here used tax money to some degree for school regardless of how you view it. The problem is now the haves want to have more and are upset that maybe the have nots will get something they wont and that is the real issue. It is no different they two 5 year olds fighting over who got a bigger piece of cake. People need to grow up and maybe care about the betterment of the planet as a whole instead of a narrow narcissistic view. And maybe we would have a better place to live as a race of people. because as of now this plant has become a total shit show with al the self involved people trying to make everything thier way and the hell with everybody else.

I will also add to those who say well its my tax money... of all the things the government wastes and spends tax money on this should really be at the bottom of the list of concerns. At least this is going to something tangible.
 

Cplennon17

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This is just anther have and have nots argument. The have nots want help and the haves graciously extend the middle finger. The haves have so they feel the have nots should not. Typically the haves had help yet claim they did it all themselves. They normally either were born into a family that was well off or at least had the means, they had support they had loans and grants and all that... yet claim they did it all themselves so everyone else should too. The haves had friends or business connections to get start in a business or moved up a ladder to a higher paying job and claim well they did it all themselves. The have nots did not have these friends or well off families or even house per say. They are trying but struggling because they did not start from a place of privilege's. The haves dont care you know because they did it all themsleves and say that everyone else should too. regardless every single person in this chat has had help with or for something. NO ONE got through school on their own period. Regardless of what your ego says. Not one person here Paid cash from their pocket from their paychecks for 100% of their schooling. They got grants, scollerships, g.i. bills and so on all funded by....... tax dollars. So every single person here used tax money to some degree for school regardless of how you view it. The problem is now the haves want to have more and are upset that maybe the have nots will get something they wont and that is the real issue. It is no different they two 5 year olds fighting over who got a bigger piece of cake. People need to grow up and maybe care about the betterment of the planet as a whole instead of a narrow narcissistic view. And maybe we would have a better place to live as a race of people. because as of now this plant has become a total shit show with al the self involved people trying to make everything thier way and the hell with everybody else.

I will also add to those who say well its my tax money... of all the things the government wastes and spends tax money on this should really be at the bottom of the list of concerns. At least this is going to something tangible.
Beautifully said!!
 

sk47

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NO ONE got through school on their own period. Regardless of what your ego says. Not one person here Paid cash from their pocket from their paychecks for 100% of their schooling. They got grants, scollerships, g.i. bills and so on all funded by....... tax dollars.
Hello; Technically you are correct about me. My mother did help me some with my college education. She borrowed $800 dollars to help me my first year. This was in 1965 so would be more dollars in todays money. The rest I did come by myself. Some from working actual jobs while going to school. Some from the loans I took out. I did without while in college and did without after graduating for a lot of years. None of my mothers neighbors helped her pay back the $800.

I did get loans guaranteed (backed up) by the taxpayers so in a sense that was a help I would not have had from a regular bank. No argument I could have made it without government loans. I would not have had a chance without the government loans is true. Thing I see which you do not acknowledge is my obligation to repay value for the help I got. I did take advantage of a loan and did play by the rules to have the loans dismissed. Never occurred to me that I did not have the obligation to somehow repay what I borrowed.

Painting those of us who do not agree in a negative light is a tactic. I see it and wager many others also see the tactic for what it is.
 

Briebee72

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Hello; Technically you are correct about me. My mother did help me some with my college education. She borrowed $800 dollars to help me my first year. This was in 1965 so would be more dollars in todays money. The rest I did come by myself. Some from working actual jobs while going to school. Some from the loans I took out. I did without while in college and did without after graduating for a lot of years. None of my mothers neighbors helped her pay back the $800.

I did get loans guaranteed (backed up) by the taxpayers so in a sense that was a help I would not have had from a regular bank. No argument I could have made it without government loans. I would not have had a chance without the government loans is true. Thing I see which you do not acknowledge is my obligation to repay value for the help I got. I did take advantage of a loan and did play by the rules to have the loans dismissed. Never occurred to me that I did not have the obligation to somehow repay what I borrowed.

Painting those of us who do not agree in a negative light is a tactic. I see it and wager many others also see the tactic for what it is.
That was 1965 when a dollar could buy a entire months food for 4 people . Paying back 800 dollars was an easy or I should say easier and reachable task. We need to think modern here. Stuff that happened in 1965 in no way would happen today. I put 800 1965 dollar sinto a inflation calculator and it would equal 6,600 dollars today.. that would be manageable and a extra job or few extra work hours would pay that off but we are not talking 6600 dollars are we? we are talking student loan debts of 60k to as much as 100k. that is simply not gonna be worked off by a extra job. while I get your point and applaud your efforts in 1965 they simply are not a viable comparison for this argument. if the inflation rate were even close to the student loans then yes, but they simply are not. If loans were 6600.00 dollars (the equivalent of 800 in 1965) then yes I would 100% agree with you but the truth is they are not. And this is an issue.

Here is another example of money things that simply wont happen in todays world. I believe is was hendricks the one form hendricks motor sports and racing I read back in the day he traded in a car to buy his first dealership and get started. That would never happen today. Financial landscape and costs have changed since 1965 and things that worked then simply would not today and never will again. like no one today is gonna go get a paper route and buy a car . hell it takes 3 room mates to even afford rent for most people while they work 2 full time jobs. its not just student loans. the cost of everything is reaching unaffordable levels. most people are struggling to pay rent and eat and there is no way they are gonna pay student debt on top of that.
 

sk47

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That was 1965 when a dollar could buy a entire months food for 4 people .
Hello; No not quite. A dollar could by a meal for one person at a drive in restuarant. (No McDonalds around yet) I could buy enough food to feed my first wife and myself for about a week for $20 in 1966 if we cooked it ourselves. You are off by quite a bit.
Also you skip over what many have been writing in this thread. Sure the cost of college is some percentage higher now that compared to the past. Without going into all the details again it is a demand backed up with easy to get federal money.

Same sort of thing which can happen with a new car model which is is demand. The dealers jack up the price over what is normal as long as the demand exists. Question is if having that new car is worth paying the extra. The demand for a college degree remains high but the pay off from having such a degree is now in question.

I think we have established that the federal backed student loans are a sweetheart deal in the first place. Decent interest rates for a long term. Try going for a regular loan at a bank without any collateral other than your potential in the future. I do not think many would get a loan ay all. Those who do would would likely be considered a high risk and have high interest rates. Not sure the repayment could be deferred as well. Your rants about how heartless those of us are who do not favor the loan forgiveness seem to overlook these basic facts. The federal backed student loans are a good deal for many who otherwise would not have any chance to go to college at all.
 

Briebee72

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Hello; No not quite. A dollar could by a meal for one person at a drive in restuarant. (No McDonalds around yet) I could buy enough food to feed my first wife and myself for about a week for $20 in 1966 if we cooked it ourselves. You are off by quite a bit.
Also you skip over what many have been writing in this thread. Sure the cost of college is some percentage higher now that compared to the past. Without going into all the details again it is a demand backed up with easy to get federal money.

Same sort of thing which can happen with a new car model which is is demand. The dealers jack up the price over what is normal as long as the demand exists. Question is if having that new car is worth paying the extra. The demand for a college degree remains high but the pay off from having such a degree is now in question.

I think we have established that the federal backed student loans are a sweetheart deal in the first place. Decent interest rates for a long term. Try going for a regular loan at a bank without any collateral other than your potential in the future. I do not think many would get a loan ay all. Those who do would would likely be considered a high risk and have high interest rates. Not sure the repayment could be deferred as well. Your rants about how heartless those of us are who do not favor the loan forgiveness seem to overlook these basic facts. The federal backed student loans are a good deal for many who otherwise would not have any chance to go to college at all.
I exaggerated the dollar buys whole week yes... My point is all the ones against tax dollars paying off loans are all giving options to people that for 1. the cost of things is the problem some people no matter how many jobs thy get can not afford these loans any more it has gotten off track. 2. the solutions you and others keep suggesting are all... wait for it.. wait... backed by tax dollars. So no matter what, it's tax dollars doing the work. The real issue here is the ones with paid off loans don't want others getting something they cant. If the government also said we are gonna pay off loans and also give back loans to the ones who paid off theirs there would be zero fight. Not one of you would say no no keep the tax dollars I wont take them. And if you were getting a cut then you and the others would have no issue with it any more. So yes it does come down to i'm not getting something out of it so I don't want anyone else to either. And that is just the facts. If every single person was getting their college money back paid from tax dollars or not there would not be a single one of you on here complaining because then you would be getting your cut of the cake. So yes it is about heartless haves, not wanting the have nots to get anything. If you were included and the government said you also will get your 800 back increased for inflation to 6.600.00 dollars would you be against it then? would you say no no keep the check I don't want it? I seriously doubt it.
 
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