There is a major difference between signing an agreement that says you will have x amount of dollars forgiven if you meet ABC obligations and this bullshit they tried to pull with writing off agreed upon loans/rates.
Senate rejects Biden’s student loan forgiveness program
- Thread starter cigaretteman
- Start date
Actually step one would be ensuring there is enough good paying jobs that don't require a 4 year degree
Everyone except students gets loan forgiveness? That’s news to me.
This problem doesn’t exist if there are enough good paying jobs for people with 4 year degrees
I know I'll hate myself for bringing commonsense into this discussion, but why should recent college grads get forgiveness when future students, past students, students who paid for their own college or saved, or people who chose not to go to college, ( you get the picture) don't get anything?
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anon_b29nm7v7dwp6r
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I don’t understand this position unless you’re against all subsidies.
Why should I as a taxpayer, want to fund Exon and other conglomerates through corporate welfare? Same goes for farm welfare.
When a market goes south, the government doesn’t come rushing to cut checks in my industries….so why ag?
I’d much rather bail out students than farmers or corporate America….
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anon_b29nm7v7dwp6r
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Happens all the time….we write off farm loans all the time….and that’s not even getting into the boondoggle that was the PPP….biggest fraud of taxpayer money in the history of our country.
Wish I could have got some of that free cash to buy a new tractor or more farm ground….
Yet we will forgive eff ups by billionaire corporations. Good shit.
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anon_b29nm7v7dwp6r
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That and the 7% interest rates on student loans. I say this as someone who paid off his 45K in student loans, not counting interest, 2 summers ago at age 52. The only thing that irritated me was not being able to get some loan forgiveness for teaching at inner city schools because I was hired prior to 2005. Teachers hired after 2005 were able to get thousands forgiven. Not me who had taught in those schools longer. That was picking and choosing.
If we’re going to bailout Wall Street and farmers, then I don’t have a problem helping young people who have been overcharged with BS high interest rates. The saved money goes right back into our economy. Again, college graduates get SCREWED on government interest rates.
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anon_b29nm7v7dwp6r
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Couldn’t agree more. The interest on federal student loans should be just enough to cover some of the overhead costs. Sub 2%.
Not really. It’s just forgiveness of debt.
Unless you are saying people are sitting on piles of cash hoping they can spend it on consumer goods and fun stuff instead of paying back loans? In which case, that’s another argument against forgiveness.
I guess those people should have gone to college then. Why should anyone care about what people who chose not to invest in themselves don't get? This is almost as dumb of a complaint as wondering why people who don't invest in a stock don't get any dividends from it.
I guess I shouldn't be surprised that this is what you think common sense is.
But again, you have failed to acknowledge or address the point I am making in that every other business or rich person gets to have loan forgiveness but students don't. I guess it's time to just acknowledge that none of you have a response for that but you don't care either. Which is fine, but evidently you want me to care that people who don't spend the time and money to go to college aren't going to get any loan forgiveness.
I suspect it’s because everybody ends up paying for it. That makes it different from your stock analogy.
But it's ok for everyone to pay for the loans for businesses and rich people. None of your reasons for this work because none of you seem to have a problem when everyone else gets these things.
Well, for me personally…I have a problem with it all.
I’m against any student loan forgiveness.
I also think it’s stupid people who work for the federal government are considered in public service and can have loans forgiven on that basis.
I think the COVID stimulus checks were unnecessary and harmful. Same for PPP loans. I would be go after people for fraud and put them away for 20 years.
I would drastically cut farm aid, oil subsidies, and any other corporate giveaways.
I think subsidizing sports stadiums should be outlawed.
Just off the top of my head.
I agree with most of your opinions there. However, that's irrelevant to what has actually happened. So that's the metric we have to judge things.
Buy a farm and get to work then. According to this place it's the best job in the world. New pickups every year, free cash, always lucrative, little danger in the work.
Go for it man.
As for the loans, I was responding to the comment that everyone gets loans forgiven. I've never had a loan forgiven in my life. Paid every one. Still paying some.
Ummmm…ppp was implemented to keep folks on payroll so unemployment services wouldn’t be overwhelmed. If they paid their workers the loan would be forgiven…that was the deal.
Not the same at all as a student loan.
That was the purpose. Do you have contacts that received one of these loans? It was a joke.
WSJ had an article last week about a new trend with recent college grad types. It’s called “funemployment”.
Good times.
Look up PPP loans. Or TARP. Or any of the other dozen times or so these entities have been bailed out over the last 40 years.
But ultimately, it's irrelevant if they were rich or not. They got loan forgiveness. If it's ok for one group of people, it's ok for everyone.
I owe just over 10k in student loans. I either pay it off prior to restarting the interest accruing or it’s going to be forgiven.
Im not going to apologize for a second for taking the forgiveness. Other groups have been the beneficiary of government largess. Why not me?
Im not going to apologize for a second for taking the forgiveness. Other groups have been the beneficiary of government largess. Why not me?
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anon_b29nm7v7dwp6r
Guest
Unless it's bankers of course. Then it's too big to fail.
Tarp stood for troubled assets relief program.
Big banks were stuck with bad mortgage backed securities when the housing market collapsed.
The govt bought them at a huge discount to keep the banks liquid and avoid a financial collapse.
Ultimately the govt made a killing when these securities rebounded.
Not saying that tarp did not bail out bankers but they did take a hit and it saved taxpayers money.
You can get it through a process called bankruptcy. A process that does not exist within the predatory student loan system
They were stuck with the instruments of their own doing.
Yes. Perpetuates bloated student loan lending, bloated tuition costs, bloated school book scam industry, all of it.
Then signals to all future lendees they need only take then loans, graduate, stop paying, and wait.
This movement is idiotic from start to finish.
The government bailed out banks that made bad loans. Period.
Opinion | ‘Funemployment’ and the Gen Z Job Market
Students discuss unemployment and their willingness to work.
www.wsj.com
This is an opinion article. JFC. I am so glad our country has no idea what a real article/news is.
Opinion | ‘Funemployment’ and the Gen Z Job Market
Students discuss unemployment and their willingness to work.
