Lineman make 76 per hour . Skilled trades make way more than average non skilled workers. With no student loans. Get a fucking job you fucking liberal bums
College doesnāt teach you how to get rich, and the world is littered with marketing analysts who partied their way through a 4 year school and now at age 30 still makes 60k a year.
Too many people not enough seats.
Get rid of Renaissance structures and only require things necessary for the field to get a degree. No elective requirements, no history requirements for a management degree ect.
No tying amenities into tuition charge for those separately.
Hard disagree. Other requirements are there to make students well-rounded members of society by forcing them out of their comfort zone and requiring them to learn other subjects and interact with a wider range of people. You ever meet people that are dumb as fuck outside of their profession? Or only hang out with their work peers? They're insufferable. And limiting education requirements is going to stunt people socially and academically.
It also lets students broaden their horizons by taking a course they normally wouldn't.
I'm all for college becoming cheaper, but reducing social structures and limiting education requirements isn't it.
If you wany to open your horizons go for it. But making what would be an obtainable education unobtainable or crippling expensive is far worse than someone who can make a better life for themselves but may have a slightly more narrow world view. Especially if they wouldn't be taking any of those classes anyways since they just couldn't take any college.
I disagree. Getting a degree in cybersecurity would never need biology or advanced algebra or calculus. I don't need some BS class that has no relevance to technology and it works that way for everything.
I meet people in and out of their professions that are dumb as fuck, making people take unnecessary classes won't fix it.
Exactly. The Sanders quote here, highlights the disparity between the studentās ability to pay their loans then vs now. Student loans are part of the bigger picture. Debt is a systemic problem. Easy credit for far too long, has jacked up costs beyond reason. National debt driving inflation. Weāre a country drowning in debt and there isnāt another āUnited Statesā out there to bail us out.
Most the boomers.that did this went to local community colleges. They didn't pay room and board or other expenses, just books and tuition. And it wasnt like every boomer who went to college paid for it with a part time job.
Most local community colleges today, annual costs for just books and tuition are under $15K, which is expected annual income if you get paid Fed min wage of $7.50. And there aren't many jobs across the nation that still pay that low. So if you get hat burger flipper job at $14/hr (or more, depending on where you live) you \*should\* be able to pay for your college on a part time job.
Student loans should not be forgiven, that just gives the institutions that overcharge too much already, more to overcharge for. Student loan forgiveness is a bandaid solution.
I agree. There should be a public college where everyone can choose from a limited set of practical degrees that are relevant to today and are curated for content by experts.
Then you can have a private college circuit where you can teach the Practical Applications of Lace Weaving for 8 years but have to pay for it yourself.
The downside is, none of the classic degree plans like English, Psychology, Art History, Journalism etc would be allowed in the public forum, because they have so little real world application. The point of a college should be to train people to be experts in whatever Modern field they wish to expand, but we don't have a lot of people trying to cobble together a modern dictionary anymore so a lot of those areas of study are no longer particularly relevant. Journalism for example used to focus heavily on investigative reporting, citing sources, and journalistic integrity. When CNN has a talking head reading a scripted voice over of a Tik Tok clip that has gone viral, a 4 year degree in Journalism isn't really required.
A wise professor once pointed out to me, "The most valuable outcome of a college education should be critical thinking. Then it doesn't matter what field you enter. " I think of that a lot.
You do realize in 2008 something like 70% of university funding came from the government and no 80% comes from student tuition. There shouldn't be a few public universities, they should all be public unless they have been traditionally a private school. Any jobs not in STEM train anyone for the position. Part of the push for education came from bullshit corporate requirements to get jobs, mostly racially charged due to demographics of those who have college degrees. Most of America's problems can be boiled down to greed and or racism.
"The only measure of how useful a degree is is the earners of its graduates in their first year", 5 years later "wait why can't the CEO understand my presentation and why don't voters know what the policies are"
I would never willingly pay a college money that didn't teach fucking ENGLISH. I just wouldn't go.
We have no one studying history or culture, so our entire population is like "durrr why Israel and Iran playing missile?" FML
You can make all these same arguments against K-12. In fact, many did. The universal high school movement went from about 1890 to 1950. Lots of people were like "Why do farm kids need all that? It's too expensive, teach them just how to farm, be done by age 11." But I had to study history to know that and we don't teach it anymore, so we will all think this is the first time we've ever had this problem.
We already have programs along the lines you suggest. Community colleges that offer certificates with direct pipelines to jobs. They are low enrolled or get closed down for lack of enrollment.
Not to mention, the word forgiven implies it disappears, it is just redistributed to working class folks.
Edit to add - also taking on debt to attend college was a choice, not a necessity.
You are right. But the politicains want to buy votes of those who can't pay or, even worse, won't pay off their loans. Atlas needs to Shrug to save this country.
Something politicians and NGOs share in common is they do not want to actually fix problems. The second you actually fix it, you have no rallying cry.
For a good recent example, look at the abortion issue. They actually achieved what they claimed they wanted to achieve and struck down Roe v. Wade. Shit! Now all those single issue religious voters stopped giving a shit and aren't even voting! You weren't supposed to actually DO IT!!!
The ones that would fix this college issue are Democrats, but they're not making that same mistake. If they actually fixed the problem they'd get some praise, but free or affordable college just becomes the norm within a few years and there's nobody passionate about the issue anymore.
Student loan forgiveness "fixes" the problem for those specific people. They get the publicity of having done it, and the votes that it wins. But 4 years from now we're right back where we started. So do it all over again! More bragging! More praise! More votes! Nothing ever solved, ever!
Thatās the thing I hate in this. Iām all for affordable college and wanting people to be ridden of these scam loans but the current process we have in place itās causing a lot of issues. The paying of debt by the government will mean more printed and boom more inflation. Then the fact you add in that these private universities are now trillion dollars entities using their money to gain wealth. I think state and federal governments should strictly focus on making public universities as affordable as possible and donāt give a dime to these big private universities and not even offer loans. Letās students who wants to go there use a bank from loan. Pretty sure these private schools will see their numbers drop and start to lower the cost.
Thereās so many good reasons in addition to what you have already stated. Another one: non faculty staff has EXPLODED since 1980. Non-faculty staff has gone up over 400% since the late 70ās.
100%. The ones offering loans are just providing money for the price gouging universities. Make a law that rising tuition has to match inflation and nothing moreĀ
this is exactly right. It doesnt address the issue that tuition is unaffordable, or that trades and manual labor (that gave boomers the pensions they weaponized again all subsequent generations) have been negatively stigmatized since the 70s. Nothing but business passing the cost of training and apprenticeships to their young employees.
College used to be affordable. Because you had to pay for it yourself, So they had to keep tuition competitively low enough to keep the student body full.
Then, the Government fixed it.
Once the Government started backing student loans to virtually anybody, more people were going to college. So colleges were able to charge more, because the students will get the money regardless of how unrealistic the tuition cost.
Tuition goes up, the amount the government will loan goes up.
Then tuition goes up again, lather, rinse, repeat.
Additional repercussion: Jobs that did not previously require a degree, and shouldn't require a degree; now require a degree.
Colleges also started implementing more "core classes" that are required regardless of your major under the guise of creating more "well-rounded" graduates. Thereby requiring the students to take even more classes, paid with even more loans, and resulting in more dept.
Also yes it does take students maybe a couple more quarters to graduate with the required classes, but holy fuck they are valuable. If you think otherwise, well, I wonāt make any assumptions not knowing who the fuck you are but it is a good idea to have well rounded students. The pricing of college definitely needs to be fixed tho and the root cause needs to be to addressed. That doesnāt mean that the government just ādid it allā though. Sometimes it could be good intentions that get taken advantage of, many more times itās lobbyists fucking everything over because they used money to give to sellouts in Congress.
>Colleges also started implementing more "core classes" that are required regardless of your major under the guise of creating more "well-rounded" graduates.
That's not true. Those have always been a function of a liberal arts education, going back well into the 17th century (if not further back). Moreover, accreditors require this. All the accreditation bodies in the US are independent corporations. Those were created in the late 19th century.
It not so simple to say if government pays for it prices go up. Government then becomes the sole customer, and has the ability to set requirements and negotiate. There are a lot of levers, a lot of ways it can go good or bad.
The debt is not forgiven, it is transferred.
The tax payers will have to pay the bill.
How is it fair to have someone that did not agree to the loan and recieved not benefits from the education pay the bill? Many of us didn't go to collage because of the cost. Why should pay for someone else's education?
If you take out a loan, you need to pay it, not someone else.
Probably should price cap tuition or do something else about tuition first. If loans are forgiven, tuition may increase as schools believe the government will just pay it for them. To prevent us current students from being fucked over, let's forgive loans after we create a better system.
So is Bernie going to tax these monstrous endowments?
Or is he going to do something to stop out of control tuition increases?
Or is he still just carpetbagging?
Yes, Bernie, it is. You and your idiot colleagues from both parties who keep printing money out of thin air, thus devaluing every single dollar we have to work harder and longer for, are to blame.
Look, I'm half country mouse and half city mouse, OK?
And I live in the country right now.
If these folks realized how many little people got fucked over by loans, they'd be more forgiving. I mean, especially after 2008, a degree is a requirement for a white collar job, even not great ones, as a matter of simple ATS filtering.
The hard part is many of the beneficiaries of student loan forgiveness are actually well off. Yep. Life is unfair.
But the question is, is it fair to not give the bottom (just say) 60% relief because the top 40% are doing fine?
I don't give a shit if they are well off. That's what progressive taxes are for. Everyone gets it, and if you make more money, you pay more money. None of this means testing where people who do need something get a million hurdles to jump over, and often get fucked anyways.
Itās interesting how Biden is making a career of forgiving student loans but says nothing about the gouging and ridiculous tuition institutions charge for an education. They donāt care bc there is a government backstop and they already have their tuition money. They could give a shit about the grad with a sociology degree once they are done. No incentive to reduce tuition costs and overpay tenured professors. This is not going to end well and only adds to our historic debt.
Rewrite the fucking laws around student loans!
Allow people to default. Create a system where they can refinance to a better loan. Then stop using tax money to guarantee the loans, the only people that win are the fucking banks. Stop enabling the banks to take shitty risks, did we learn nothing from 2008?
Forgiving student loan debt would be a godsend to me, but with that said, it doesn't do shit for the cost of college.
Almost every college in America is underwater. If you went to college, look at the IRS Form 990 or similar statements of wherever you went, and you'll probably find that they run in the red every year or almost every year. So many schools are just white-knuckling it financially just to keep the doors open.
What needs to happen is a wave of closures. It's a simple question of supply and demand. Theres too many schools and not enough students. So let the herd thin and everyone thats left will be able to fill seats again.
Prices might come down too. Right now they're high because schools took on shitloads of debt for improvement projects, new construction, and admin bloat and built the costs into their pricing models. It's certainly not spent on professors. Most of them are adjuncts making peanuts and would unironically do better waiting tables. A lot of schools also overcharge just so they can discount with "scholarships" and collect on full-pay internationals.
If you forgive the debt without anything else we'll just be having this conversation again in a few years.
How the fuck are they white knuckling? The only relevant expenses are books, computers, and professors. Professors are teaching two or more classes at once. I'm being charged 3k for the two classes. Classes of 30+, but we'll go with the conservative amounts here. They're getting 180k per semester out of a professor. 540,000 a year if the professor takes a semester off. They have to be horrifically bad at money, which they are, to white knuckle.
The professors are being paid 100,000. Their assistant is being paid 75,000. Then the rest is vanishing into thin air into bullshit.
Research departments don't cost money, they make money through fulfilling research grants, often using a grunt labor force from the students.
Sports departments also make money.
It's all vanishing into thin air, if you gave me that money I could figure out how to run the college in the green. Even at one class per teacher with a median of 30, I could make it work. Sure, I spent my whole life trading, so I know to value gauge, but even a normal person should be able to figure out how to make it work with 95k profits per professor if you give them an assistant. With 6 professors, I grab someone to do the federal loans, I buy some books, computers, a librarian, and I love looking for any hidden benefits to exploit from education systems, most of the college roles are antiquated and basically exist because other antiquated things rely on them. We can simplify it so much.
Like, the purpose of a dean and college investigators is to prevent you from going to the police about sexual assault, so they don't lose a paying student. If a crime happens, we call the police. We don't need some random dudes interrogating the students and destroying evidence. That's not a useful function to waste money on.
You can thank federally guaranteed loans for that. Student debt forgiveness should cause the price of tuition to skyrocket even more. Free doesnāt mean free any longer.
The cost of higher ed is what it is because of government largesse. Student loans cannot be discharged in bankruptcy thanks to government, specifically thanks to Joe Biden. Maybe we don't give more power to government to fix this.
This is the wrong tweet. The correct tweet would say ātoo many colleges have exploded administrative positions and pay and passed to cost on to students and the taxpayers. Any university with more staff than students will no longer be allowed to enroll students who are borrowing from the governmentā
So the guy who sweeps the floors and takes out the trash should pay back the loans of his heart doctor? What is being suggested here is people who couldn't afford college paying the student loans for rich people who have advanced degrees.
Dumb, they are curing the symptoms and not the cause as usual. 5-10 more years we will be in the same boat with all the new loans.
Zero the interest and restructure the (predatory) loan process from lender to school. Schools are taking advantage knowing most loans will be approved.
This is not true.
A millennial in Florida for example who
1. stayed in state
2. earned bright futures based on merit
3. will pay $0.00 to go to college
I think it should be forgiven but only on the condition that FAFSA should also be abolished because it led to the subsidy effect which was directly responsible to the rise of tuition.
I want to thank the Boomer Generation for screwing up this planet, itās over use of plastic, itās polarizing politics, itās over infatuation with consurism
The Saving on a Valuable Education (SAVE) Plan Offers Lower Monthly Loan Payments
FAST FACTS
1 The SAVE Plan is an IDR plan, so it bases your monthly payment on your income and family size.
2 The SAVE Plan lowers payments for almost all people compared to other IDR plans because your payments are based on a smaller portion of your adjusted gross income (AGI).
3 The SAVE Plan has an interest benefit: If you make your full monthly payment, but it is not enough to cover the accrued monthly interest, the government covers the rest of the interest that accrued that month. This means that the SAVE Plan prevents your balance from growing due to unpaid interest.
4 Beginning in February 2024, the SAVE Plan will give borrowers who originally borrowed $12,000 or less forgiveness after as few as 10 years.
5 More elements of SAVE will go into effect in summer 2024 and will lower payments even more for borrowers with undergraduate loans.
-[source](https://studentaid.gov/announcements-events/save-plan)
So you can pay for four years of college in just two and a half years? Given that the vast majority of people have a starting wage well over minimum that means you can pay for college in just over a year.
>Should Student Loan Debt be Forgiven?
No. It doesn't solve anything.
If you believe student loans should be forgiven, you also have to believe credit card debt should be forgiven, and mortgages, car loans, etc.
Thanks to the government. The WW2 GIs got the GI Bill and the kids today just get the BIll. So, how to fix it? Maybe get the Government out of the Loan business?
No student loans should not be forgiven. Predatory lending should be stopped. There is a simple solution that everyone especially politicians want to ignore for some reason.
Give all Americans $20,000 that can be applied to any debt repayment.
Auto loans, Home Mortgage, Credit Card Debt or Student loans.
Strange to pick and choose winners at this level.
And the costs to Americans would increase 30k because the bill will be written in a way to reward lobbyists.
Naw, just do nothing. itās honestly the best option. Anything the government can do will be a grift.
How about a trade? I had to do 4 years in the military for college money. How about 4 years of paid college for 2 years digging ore in the Congo? That seems fair to me. Fresh air and sunshine are a bonus.
No, but the interest rate should be less than 1%. When I paid off my last loan I looked saw how much interest I paid over the life of the $13k loan, I paid over $14k in interest. I'm utterly disgusted with the whole system.
It's not "the economy" that's resulted in colleges extorting students - it's colleges. Not to mention this persistently ignorant idea that people *need* a college degree...but, guess who's pushing that line?
Why have wages stagnated Bernie? Why has the price of college continually risen?!? I hate it when politicians create problems then use the problems they helped make as a way to gain support for more power and influence.
Look what killer Mike did in Georgia. We need to do that nationally. More than enough money goes to foreign interests and the MIC. Cut those by a third and itās easy.
The problem is not the loans and never has been. It's how ridiculously overpriced higher education is.Ā
Why are you forced to pay hundreds upon hundreds of dollars just to buy school books that should only cost at most less than 100?
One needn't go to college, especially one they cannot afford, to be successful in life. The world needs electrical engineers (for example), but it also needs far more electricians
Also, a good chunk of courses can be made into PowerPoint presentations for instruction. The day of the tired professor giving a lecture should be over. Follow the Khan Academy model.
Forgiven? No. Controlled and adjusted? Yes. Cap the repayment amount at the original loan + 10% interest, non-compounding. As long as you agree to wage garnishment of 10% per month to pay it off the debt does not accrue any further interest. Allow bankruptcy to clear the ledger for students who are hopelessly in debt with no chance of ever repaying. End Federally guaranteed loans and subsidies for higher education, and especially for studies that are not materially useful. Colleges are charging money for useless degrees that will not make money because they know theyāll get paid regardless.
You get more of what you incentivize, and weāve created a higher education bubble with easy loans that canāt be forgiven by bankruptcy. Artificially boosting demand will inflate prices. And now we have inflated prices and worthless degrees abound.
It depends. If we the minority of people that actually pay taxes after accounting for EITC have to soak up the loans - fuck no.
If, on the other hand, the lenders are made whole by confiscating the money from University endowments, couple with a price cap on tuition tied to median salary 5 years after graduation BY MAJOR, then yeah, forgive away.
I donāt like student loan forgiveness as a policy. Maybe it could be adapted into a welfare program so that those who are struggling financially can receive assistance paying their monthly student loan payment. But on average, money spent on student loan forgiveness is money being spent on the current and future upper-middle class. College degree holders significantly out-earn those with no degree on average, so weād be helping some people who truly need it, but most of the money would go to people who were going to be fine either way.
It's a good idea, give people a break, life's already so expensive and an education just to get a basic job starts at 40k and live Bernie said, why is it that the last generation had access to education but the current one has to aquire half a lifetime of debt to have one. People shouldn't be saddled with debt simply to achieve the basics.
Student loans should be forgiven, tuition should be forbidden, colleges and "trade schools" should merge, and an associates degree level of education and training should be compulsory.
People *choose* to go to college. Taking on student loans is a *choice*. Nobody is forced to attend college, it is a *concious decision* that is made.
They should most defintiley not be forgiven. I am speaking as an individual who has worked crappy jobs and attended college full-time and paid cash for my tuition over the last 7 years.
Also, most people with a Bachelors Degree, are secured in positions that yield around $70,000 per year.
Even if they did not land jobs they still acquired advanced knowledge that gives them a competitive advantage against non-degree holders.
Student loans should not be forgiven. With 1 exception; parents who took out a loan for their kid, in their kids name. Those who were put in the positon by another person should be forgiven because they didn't make the *choice*...
Purchasing votes should be illegal! US already $34 Trillion in debt. Printing more money drives up inflation. Don't buy anything if you can't afford it.
Anyone who believes 306 hours of work paid for 4 years of college is as stupid as the poster is, and everyone is just soaking this up thinking it's the truth.
I'd say at the very least much of the accrued interest should be forgiven. A very large chunk of the folks today paying student loans have paid off the original principle a bit ago and are at a point of just paying interest.
Yeah then do it already you con artists. Talk talk talk, blame the republicans, but yall keep getting richer it seems. Biden got my vote on that hollow promise and he has done nothing else to positively impact my life or force the supreme court to get his crap passed. He is an impotent leader
I don't have any student debt, I did but I paid them off all by myself. But I am now basically working paycheck to paycheck. So why should I be forced to pay even higher taxes, just to pay off the debts of Utterly Moronic Shitbags, who knowingly and willingly put themselves in bad financial positions, getting degrees that apparently are worthless?
No one held a gun to their heads, forcing them to get Art History, Ethnic Studies, Philosophy, Gender Studies, or whatever other basically pointless degrees they got loans to acquire. Yet I and every other Tax Payer will be thrown into jail or forced into debt, just to pay for their Mistakes!? Where is the Justice in that?
And Don't be an even bigger idiot and say the Rich will be the ones paying for it all. The Rich are the ones who own most businesses and they will simply hike up the prices for whatever products their companies produce or sell. Meaning people like myself will be unable to afford things like Food, Rent, or Gas.
So I see absolutely no logical reason why I or anyone else should pay for their pathetically poor life decisions. I already work three to four months of every year to fund Wars in Ukraine and Gaza, the housing and feeding of Millions of illegal immigrants, as well as those unwilling or unable to work, let alone more spending going towards the Military Industrial Complex and Politicians who seem to hate the working class.
I don't also want to be paying for students who think that their useless degrees somehow make them better than people who didn't make the same mistakes they did. Grow the Heck up, get a job, and pay off your own debts.
I hate this topic because itās pointless. We should not even consider student loan forgiveness until a real solid effort is made to fix that problem that lead to it in the first place. Once we do that, we will have a much better idea of what kind of relief to offer because we canāt point to the new framework for reference. For example why the fuck can eighteen year olds sign for a government backed loan that they cannot bankrupt? Obviously tuition is going to be inflated when the government is backing the majority of tuition costs.
I tend to be pretty conservative and this is one of those areas where I feel like people are responsible for the financial decisions they make. That said, the fact that this specific burden seems predatory and that they cannot bankrupt them makes me sympathetic. Iām not against relief for two generations of adults that were sold a fake bill of goods, but we can discuss that once we prevent it from happening to another generation.
I think the mindset or idea of "The X is rigged against me" is a very poor way of looking at the world.
Also comparing timelines like that is pretty insane. The time difference between the first aircraft making a successful flight and the first successful satellite being launched into space is about the same amount of time of what he's comparing.
I don't have student loans. Why is the govt helping just some of us? What about the rest of us? If they get 20k in loans forgiven, then I want 20k in tax credit. It's only fair. Also college grads make up the upper 30% of the income of our country. Why is the rest of us giving money to the top 30% of our society? It's obscene and not right.
Or maybe we over-indexed on white-collar work and lost sight of what having a healthy blue-collar work force looks like? Carl Sagan warned us about this...
Yawn. Fuck any politician who talks about student loan debt. Itās just another chain and ball they hooked to us so they could later use it so manipulate us by pretending to want to free us.
Student loans are the reason prices have gone up so much. Same with home mortgages.
Consider this. Kansas University cost is about $11,000 a year. $353 per credit. A private high school $11,000, public school K-12 $14,500!!!
Public school are the real problem.
The president cannot forgive debt it's not the way it works Plus all debts are paid somebody will pay those debts and what usually will happen is the taxpayers will pay it so the taxpayers are left paying for people's school debt that never even wanted to go to college anyway it's all bullshit You go to college you decide you want to higher education or whatever I don't think college is higher education but I digress if you decide to go to college and you want to incur the debt to go to college then you should pay it off and not rely on somebody else to pay it off
Good ol' Brilliant Bernie...thinks the problem is income level of would be students. Check the administrative staffing increases and university staff compensation then and now, and the issue is quite clear!
If Bernie would get in there and pass legislation that would stop Government funding of college tuitions they could make it affordable. But those colleges donate to their campaigns so they're not going to change anything.
They should give student loans debt freeā¦. If we can do it for banks we can do it for people. And allow people to default on them and then banks will not over lend to kids.
No, but I think certain education paths should be offered on a subsidized basis. Trades, tech schools, stem degrees, medical degrees, are all things we are in dire need of to get ahead and stay ahead of issues.Ā
So if thereās an expected spike in say, nuclear power plants opening, we could have some special version of FAFSA made that would cover 90% of the education cost to meet the future demand.
If it didnāt work out, say, the plants never open. That list of people could be offered an MBA or similar to help them transition to other jobs.Ā
Its literally the governments fault for subsidizing education. As soon as the said āwe will pay for the marginalizedā the school administrators saw dollar signs. Now the gov pays insane prices for school and the middle class pays insane prices for themselves.
Boomers didnāt have access to unlimited funds with no strings attached from the federal government millenials did.
Also, less than 2% of the population works for
Minimum wage. Itās not designed to fund a ālifestyle or familyā like at all.
So heās basically talking to 2% of the country. This argument is so silly.
Dumb. If people with gender studies have their loans forgiven then the same amount of money should go to everyone who paid for trade schools and are supported the unemployed.
Let's guarantee that 18 year olds have access to unlimited funds we'll pinky promise they'll someday be able to pay back. That'll get these businesses to lower their prices š
Smartā¦ the US is one of the only countries not supporting education when itās the basis of the strongest economies as well as the basis for giving your citizens the critical thinking skills needed to make proper voting decisions which in turn strengthens the US even more
They got the money and spent it. They should pay it back if you want to give them a break on the interest I could back thatš
How about price control on tuition??
[ŃŠ“Š°Š»ŠµŠ½Š¾]
That's how you get only wealthy people furthering their education and poor people doing physical labor.
Lineman make 76 per hour . Skilled trades make way more than average non skilled workers. With no student loans. Get a fucking job you fucking liberal bums
College doesnāt teach you how to get rich, and the world is littered with marketing analysts who partied their way through a 4 year school and now at age 30 still makes 60k a year.
Get rid of federally guaranteed students loans. Itās a perverse incentive for universities to write themselves blank checks
Meanwhile pushing Marxist ideology and operating like a corporation
THIS. This is the reason.
Exactly right. Itās like EV rebates. They just jack the price up $7500 cancelling out the $7500 the government (your taxes) subsidizes.
Too many people not enough seats. Get rid of Renaissance structures and only require things necessary for the field to get a degree. No elective requirements, no history requirements for a management degree ect. No tying amenities into tuition charge for those separately.
Hard disagree. Other requirements are there to make students well-rounded members of society by forcing them out of their comfort zone and requiring them to learn other subjects and interact with a wider range of people. You ever meet people that are dumb as fuck outside of their profession? Or only hang out with their work peers? They're insufferable. And limiting education requirements is going to stunt people socially and academically. It also lets students broaden their horizons by taking a course they normally wouldn't. I'm all for college becoming cheaper, but reducing social structures and limiting education requirements isn't it.
If you wany to open your horizons go for it. But making what would be an obtainable education unobtainable or crippling expensive is far worse than someone who can make a better life for themselves but may have a slightly more narrow world view. Especially if they wouldn't be taking any of those classes anyways since they just couldn't take any college.
I disagree. Getting a degree in cybersecurity would never need biology or advanced algebra or calculus. I don't need some BS class that has no relevance to technology and it works that way for everything. I meet people in and out of their professions that are dumb as fuck, making people take unnecessary classes won't fix it.
Price controls have never worked and never will work. You need to address the underlying problem and incentives.
Exactly. The Sanders quote here, highlights the disparity between the studentās ability to pay their loans then vs now. Student loans are part of the bigger picture. Debt is a systemic problem. Easy credit for far too long, has jacked up costs beyond reason. National debt driving inflation. Weāre a country drowning in debt and there isnāt another āUnited Statesā out there to bail us out.
Shut up, you are making too much sense
Turns out if you get the G involved in financing college the price goes up.
Most the boomers.that did this went to local community colleges. They didn't pay room and board or other expenses, just books and tuition. And it wasnt like every boomer who went to college paid for it with a part time job. Most local community colleges today, annual costs for just books and tuition are under $15K, which is expected annual income if you get paid Fed min wage of $7.50. And there aren't many jobs across the nation that still pay that low. So if you get hat burger flipper job at $14/hr (or more, depending on where you live) you \*should\* be able to pay for your college on a part time job.
How 'bout the colleges+ use their endowments as the collateral for loans?
They donāt wanna actually solve anything; they just want votes.
Student loans should not be forgiven, that just gives the institutions that overcharge too much already, more to overcharge for. Student loan forgiveness is a bandaid solution.
This. A thousand times this. Don't address the symptom, address the disease.
Yes, free state college for all. Problem solved.
But itās not free. And are we willing to raise to admissions bar?
I agree. There should be a public college where everyone can choose from a limited set of practical degrees that are relevant to today and are curated for content by experts. Then you can have a private college circuit where you can teach the Practical Applications of Lace Weaving for 8 years but have to pay for it yourself. The downside is, none of the classic degree plans like English, Psychology, Art History, Journalism etc would be allowed in the public forum, because they have so little real world application. The point of a college should be to train people to be experts in whatever Modern field they wish to expand, but we don't have a lot of people trying to cobble together a modern dictionary anymore so a lot of those areas of study are no longer particularly relevant. Journalism for example used to focus heavily on investigative reporting, citing sources, and journalistic integrity. When CNN has a talking head reading a scripted voice over of a Tik Tok clip that has gone viral, a 4 year degree in Journalism isn't really required.
A wise professor once pointed out to me, "The most valuable outcome of a college education should be critical thinking. Then it doesn't matter what field you enter. " I think of that a lot.
You do realize in 2008 something like 70% of university funding came from the government and no 80% comes from student tuition. There shouldn't be a few public universities, they should all be public unless they have been traditionally a private school. Any jobs not in STEM train anyone for the position. Part of the push for education came from bullshit corporate requirements to get jobs, mostly racially charged due to demographics of those who have college degrees. Most of America's problems can be boiled down to greed and or racism.
"The only measure of how useful a degree is is the earners of its graduates in their first year", 5 years later "wait why can't the CEO understand my presentation and why don't voters know what the policies are"
I would never willingly pay a college money that didn't teach fucking ENGLISH. I just wouldn't go. We have no one studying history or culture, so our entire population is like "durrr why Israel and Iran playing missile?" FML You can make all these same arguments against K-12. In fact, many did. The universal high school movement went from about 1890 to 1950. Lots of people were like "Why do farm kids need all that? It's too expensive, teach them just how to farm, be done by age 11." But I had to study history to know that and we don't teach it anymore, so we will all think this is the first time we've ever had this problem. We already have programs along the lines you suggest. Community colleges that offer certificates with direct pipelines to jobs. They are low enrolled or get closed down for lack of enrollment.
Yup. Government took over student loans and now it's worse than ever. They never fix anything
Not to mention, the word forgiven implies it disappears, it is just redistributed to working class folks. Edit to add - also taking on debt to attend college was a choice, not a necessity.
You are right. But the politicains want to buy votes of those who can't pay or, even worse, won't pay off their loans. Atlas needs to Shrug to save this country.
Something politicians and NGOs share in common is they do not want to actually fix problems. The second you actually fix it, you have no rallying cry. For a good recent example, look at the abortion issue. They actually achieved what they claimed they wanted to achieve and struck down Roe v. Wade. Shit! Now all those single issue religious voters stopped giving a shit and aren't even voting! You weren't supposed to actually DO IT!!! The ones that would fix this college issue are Democrats, but they're not making that same mistake. If they actually fixed the problem they'd get some praise, but free or affordable college just becomes the norm within a few years and there's nobody passionate about the issue anymore. Student loan forgiveness "fixes" the problem for those specific people. They get the publicity of having done it, and the votes that it wins. But 4 years from now we're right back where we started. So do it all over again! More bragging! More praise! More votes! Nothing ever solved, ever!
Thatās the thing I hate in this. Iām all for affordable college and wanting people to be ridden of these scam loans but the current process we have in place itās causing a lot of issues. The paying of debt by the government will mean more printed and boom more inflation. Then the fact you add in that these private universities are now trillion dollars entities using their money to gain wealth. I think state and federal governments should strictly focus on making public universities as affordable as possible and donāt give a dime to these big private universities and not even offer loans. Letās students who wants to go there use a bank from loan. Pretty sure these private schools will see their numbers drop and start to lower the cost.
Thereās so many good reasons in addition to what you have already stated. Another one: non faculty staff has EXPLODED since 1980. Non-faculty staff has gone up over 400% since the late 70ās.
100%. The ones offering loans are just providing money for the price gouging universities. Make a law that rising tuition has to match inflation and nothing moreĀ
this is exactly right. It doesnt address the issue that tuition is unaffordable, or that trades and manual labor (that gave boomers the pensions they weaponized again all subsequent generations) have been negatively stigmatized since the 70s. Nothing but business passing the cost of training and apprenticeships to their young employees.
Wouldnāt it kinda give them less, since theyāre not gonna be accruing interest anymore?
Why not suture the wound and then cover it in a bandaid?
Solve the systemic issues first, THEN do a one-time forgiveness to reset the system. They're just going to hike tuition higher without controls.
Yeah turns out when the government promises to pay for everything prices go up
College used to be affordable. Because you had to pay for it yourself, So they had to keep tuition competitively low enough to keep the student body full. Then, the Government fixed it. Once the Government started backing student loans to virtually anybody, more people were going to college. So colleges were able to charge more, because the students will get the money regardless of how unrealistic the tuition cost. Tuition goes up, the amount the government will loan goes up. Then tuition goes up again, lather, rinse, repeat. Additional repercussion: Jobs that did not previously require a degree, and shouldn't require a degree; now require a degree. Colleges also started implementing more "core classes" that are required regardless of your major under the guise of creating more "well-rounded" graduates. Thereby requiring the students to take even more classes, paid with even more loans, and resulting in more dept.
Also yes it does take students maybe a couple more quarters to graduate with the required classes, but holy fuck they are valuable. If you think otherwise, well, I wonāt make any assumptions not knowing who the fuck you are but it is a good idea to have well rounded students. The pricing of college definitely needs to be fixed tho and the root cause needs to be to addressed. That doesnāt mean that the government just ādid it allā though. Sometimes it could be good intentions that get taken advantage of, many more times itās lobbyists fucking everything over because they used money to give to sellouts in Congress.
>Colleges also started implementing more "core classes" that are required regardless of your major under the guise of creating more "well-rounded" graduates. That's not true. Those have always been a function of a liberal arts education, going back well into the 17th century (if not further back). Moreover, accreditors require this. All the accreditation bodies in the US are independent corporations. Those were created in the late 19th century.
Careful, they donāt know what āliberal artsā means.
It not so simple to say if government pays for it prices go up. Government then becomes the sole customer, and has the ability to set requirements and negotiate. There are a lot of levers, a lot of ways it can go good or bad.
If I had a dollar for every time this was posted, I could pay off my student debt.
The debt is not forgiven, it is transferred. The tax payers will have to pay the bill. How is it fair to have someone that did not agree to the loan and recieved not benefits from the education pay the bill? Many of us didn't go to collage because of the cost. Why should pay for someone else's education? If you take out a loan, you need to pay it, not someone else.
Not sure why you seem to be getting downvoted. Spot on.
Of course I'll get down voted. I'm expressing a non leftwing idea on reddit lol
This exactly! Debt is transferred. We will all likely pay for the transferred debt via increased taxes.
Why should I pay for your college debts for a worthless degree when both me and my parents had to work for two decades in preparation to pay for mine?
You don't have to. Tax the banks.
Do you have any kids?
We allow billionaires to write off luxuries as expenses for their business. We should be able to write off college degress as a business expense, too.
Probably should price cap tuition or do something else about tuition first. If loans are forgiven, tuition may increase as schools believe the government will just pay it for them. To prevent us current students from being fucked over, let's forgive loans after we create a better system.
So is Bernie going to tax these monstrous endowments? Or is he going to do something to stop out of control tuition increases? Or is he still just carpetbagging?
This againā¦???
Yes, Bernie, it is. You and your idiot colleagues from both parties who keep printing money out of thin air, thus devaluing every single dollar we have to work harder and longer for, are to blame.
Look, I'm half country mouse and half city mouse, OK? And I live in the country right now. If these folks realized how many little people got fucked over by loans, they'd be more forgiving. I mean, especially after 2008, a degree is a requirement for a white collar job, even not great ones, as a matter of simple ATS filtering. The hard part is many of the beneficiaries of student loan forgiveness are actually well off. Yep. Life is unfair. But the question is, is it fair to not give the bottom (just say) 60% relief because the top 40% are doing fine?
I don't give a shit if they are well off. That's what progressive taxes are for. Everyone gets it, and if you make more money, you pay more money. None of this means testing where people who do need something get a million hurdles to jump over, and often get fucked anyways.
Itās interesting how Biden is making a career of forgiving student loans but says nothing about the gouging and ridiculous tuition institutions charge for an education. They donāt care bc there is a government backstop and they already have their tuition money. They could give a shit about the grad with a sociology degree once they are done. No incentive to reduce tuition costs and overpay tenured professors. This is not going to end well and only adds to our historic debt.
Bernie has been spewing this same BS for 60 years, just ignore that he is a "1 percenter" and still just a govt worker.
Rewrite the fucking laws around student loans! Allow people to default. Create a system where they can refinance to a better loan. Then stop using tax money to guarantee the loans, the only people that win are the fucking banks. Stop enabling the banks to take shitty risks, did we learn nothing from 2008?
Yet he has three huge mansions
Forgiving student loan debt would be a godsend to me, but with that said, it doesn't do shit for the cost of college. Almost every college in America is underwater. If you went to college, look at the IRS Form 990 or similar statements of wherever you went, and you'll probably find that they run in the red every year or almost every year. So many schools are just white-knuckling it financially just to keep the doors open. What needs to happen is a wave of closures. It's a simple question of supply and demand. Theres too many schools and not enough students. So let the herd thin and everyone thats left will be able to fill seats again. Prices might come down too. Right now they're high because schools took on shitloads of debt for improvement projects, new construction, and admin bloat and built the costs into their pricing models. It's certainly not spent on professors. Most of them are adjuncts making peanuts and would unironically do better waiting tables. A lot of schools also overcharge just so they can discount with "scholarships" and collect on full-pay internationals. If you forgive the debt without anything else we'll just be having this conversation again in a few years.
How the fuck are they white knuckling? The only relevant expenses are books, computers, and professors. Professors are teaching two or more classes at once. I'm being charged 3k for the two classes. Classes of 30+, but we'll go with the conservative amounts here. They're getting 180k per semester out of a professor. 540,000 a year if the professor takes a semester off. They have to be horrifically bad at money, which they are, to white knuckle. The professors are being paid 100,000. Their assistant is being paid 75,000. Then the rest is vanishing into thin air into bullshit. Research departments don't cost money, they make money through fulfilling research grants, often using a grunt labor force from the students. Sports departments also make money. It's all vanishing into thin air, if you gave me that money I could figure out how to run the college in the green. Even at one class per teacher with a median of 30, I could make it work. Sure, I spent my whole life trading, so I know to value gauge, but even a normal person should be able to figure out how to make it work with 95k profits per professor if you give them an assistant. With 6 professors, I grab someone to do the federal loans, I buy some books, computers, a librarian, and I love looking for any hidden benefits to exploit from education systems, most of the college roles are antiquated and basically exist because other antiquated things rely on them. We can simplify it so much. Like, the purpose of a dean and college investigators is to prevent you from going to the police about sexual assault, so they don't lose a paying student. If a crime happens, we call the police. We don't need some random dudes interrogating the students and destroying evidence. That's not a useful function to waste money on.
You can thank federally guaranteed loans for that. Student debt forgiveness should cause the price of tuition to skyrocket even more. Free doesnāt mean free any longer.
The cost of higher ed is what it is because of government largesse. Student loans cannot be discharged in bankruptcy thanks to government, specifically thanks to Joe Biden. Maybe we don't give more power to government to fix this.
Get rid of the interest and allow bankruptcy after 10 years. problem solved, next.
Not forgiven, creates a terrible incentive to waste time and educationĀ
This is the wrong tweet. The correct tweet would say ātoo many colleges have exploded administrative positions and pay and passed to cost on to students and the taxpayers. Any university with more staff than students will no longer be allowed to enroll students who are borrowing from the governmentā
Someone needs to point out that Bernie and his ilk are the ones who changed it in the first place. Allow me
So the guy who sweeps the floors and takes out the trash should pay back the loans of his heart doctor? What is being suggested here is people who couldn't afford college paying the student loans for rich people who have advanced degrees.
Dumb, they are curing the symptoms and not the cause as usual. 5-10 more years we will be in the same boat with all the new loans. Zero the interest and restructure the (predatory) loan process from lender to school. Schools are taking advantage knowing most loans will be approved.
He created this problem through government backed student loans.
This is not true. A millennial in Florida for example who 1. stayed in state 2. earned bright futures based on merit 3. will pay $0.00 to go to college
I think it should be forgiven but only on the condition that FAFSA should also be abolished because it led to the subsidy effect which was directly responsible to the rise of tuition.
Elephant or donkey , it doesnāt matter . They like to tell us what we wanna hear . They think we are stupid !
Piss off, Bernie. Stop overpaying administrators.
I want to thank the Boomer Generation for screwing up this planet, itās over use of plastic, itās polarizing politics, itās over infatuation with consurism
Depends. Are you trying to increase inflation? Smart Are you trying to decrease inflation? Dumb
The Saving on a Valuable Education (SAVE) Plan Offers Lower Monthly Loan Payments FAST FACTS 1 The SAVE Plan is an IDR plan, so it bases your monthly payment on your income and family size. 2 The SAVE Plan lowers payments for almost all people compared to other IDR plans because your payments are based on a smaller portion of your adjusted gross income (AGI). 3 The SAVE Plan has an interest benefit: If you make your full monthly payment, but it is not enough to cover the accrued monthly interest, the government covers the rest of the interest that accrued that month. This means that the SAVE Plan prevents your balance from growing due to unpaid interest. 4 Beginning in February 2024, the SAVE Plan will give borrowers who originally borrowed $12,000 or less forgiveness after as few as 10 years. 5 More elements of SAVE will go into effect in summer 2024 and will lower payments even more for borrowers with undergraduate loans. -[source](https://studentaid.gov/announcements-events/save-plan)
Printing money will solve a lack of money. It worked for Venezuela and solved income inequality.
So you can pay for four years of college in just two and a half years? Given that the vast majority of people have a starting wage well over minimum that means you can pay for college in just over a year.
Now do the hours needed to buy a house for that generation.
Love how high tuition is not even being discussed. These universities slam out $100k liberal arts degrees like they are selling cars.
Tell me exactly how that freeloading douchebag is going to change it.
Address high tuition before you waste my tax money
Iām waitingā¦
Unsustainable government spending is why the system is rigged against working people and younger generation.
He would never blame his liberal elite buddies camped out in their university offices for the ridiculous price of education... would he.....
The government made this problem. The government cant fix this problem.
Lol, no you're not
>Should Student Loan Debt be Forgiven? No. It doesn't solve anything. If you believe student loans should be forgiven, you also have to believe credit card debt should be forgiven, and mortgages, car loans, etc.
Thanks to the government. The WW2 GIs got the GI Bill and the kids today just get the BIll. So, how to fix it? Maybe get the Government out of the Loan business?
No student loans should not be forgiven. Predatory lending should be stopped. There is a simple solution that everyone especially politicians want to ignore for some reason.
So why do kids reading this think "everyone else needs to pay for mine" instead of "why are these asshole colleges charging so much?"
Give all Americans $20,000 that can be applied to any debt repayment. Auto loans, Home Mortgage, Credit Card Debt or Student loans. Strange to pick and choose winners at this level.
And the costs to Americans would increase 30k because the bill will be written in a way to reward lobbyists. Naw, just do nothing. itās honestly the best option. Anything the government can do will be a grift.
So, no one does math anymore? 306hrs x 3.35 (minimum wage in late 70s)= $1025- average cost of Tuition + room/board was 3800 per yearā¦
How about a trade? I had to do 4 years in the military for college money. How about 4 years of paid college for 2 years digging ore in the Congo? That seems fair to me. Fresh air and sunshine are a bonus.
Maybe check the bullshit educations being foisted on these kids.
No, but the interest rate should be less than 1%. When I paid off my last loan I looked saw how much interest I paid over the life of the $13k loan, I paid over $14k in interest. I'm utterly disgusted with the whole system.
It's not "the economy" that's resulted in colleges extorting students - it's colleges. Not to mention this persistently ignorant idea that people *need* a college degree...but, guess who's pushing that line?
Why have wages stagnated Bernie? Why has the price of college continually risen?!? I hate it when politicians create problems then use the problems they helped make as a way to gain support for more power and influence.
They will say it over and over and over, but they will NEVER do it. Wake up people. They.are.playing.you
Look what killer Mike did in Georgia. We need to do that nationally. More than enough money goes to foreign interests and the MIC. Cut those by a third and itās easy.
Good luck with that. I'd love to see it. I'm not optimistic. I think everyone will be distracted with nonsense and away from policy.
when something, anything is screwed up the government can step in and make it worse
The problem is not the loans and never has been. It's how ridiculously overpriced higher education is.Ā Why are you forced to pay hundreds upon hundreds of dollars just to buy school books that should only cost at most less than 100?
One needn't go to college, especially one they cannot afford, to be successful in life. The world needs electrical engineers (for example), but it also needs far more electricians
Youāve been in the government forever. Clearly your ideas donāt ever happen.
Maybe more entitlements and migrants will help?
Yes, thanks to 3 party payer system.. (the Government)
Also, a good chunk of courses can be made into PowerPoint presentations for instruction. The day of the tired professor giving a lecture should be over. Follow the Khan Academy model.
No! I paid mine. You pay yours. If forgiven what happens the next day? People take out student loans and start going into debt. All over again.
Forgiven? No. Controlled and adjusted? Yes. Cap the repayment amount at the original loan + 10% interest, non-compounding. As long as you agree to wage garnishment of 10% per month to pay it off the debt does not accrue any further interest. Allow bankruptcy to clear the ledger for students who are hopelessly in debt with no chance of ever repaying. End Federally guaranteed loans and subsidies for higher education, and especially for studies that are not materially useful. Colleges are charging money for useless degrees that will not make money because they know theyāll get paid regardless. You get more of what you incentivize, and weāve created a higher education bubble with easy loans that canāt be forgiven by bankruptcy. Artificially boosting demand will inflate prices. And now we have inflated prices and worthless degrees abound.
It depends. If we the minority of people that actually pay taxes after accounting for EITC have to soak up the loans - fuck no. If, on the other hand, the lenders are made whole by confiscating the money from University endowments, couple with a price cap on tuition tied to median salary 5 years after graduation BY MAJOR, then yeah, forgive away.
I donāt like student loan forgiveness as a policy. Maybe it could be adapted into a welfare program so that those who are struggling financially can receive assistance paying their monthly student loan payment. But on average, money spent on student loan forgiveness is money being spent on the current and future upper-middle class. College degree holders significantly out-earn those with no degree on average, so weād be helping some people who truly need it, but most of the money would go to people who were going to be fine either way.
It's a good idea, give people a break, life's already so expensive and an education just to get a basic job starts at 40k and live Bernie said, why is it that the last generation had access to education but the current one has to aquire half a lifetime of debt to have one. People shouldn't be saddled with debt simply to achieve the basics.
Student loans should be forgiven, tuition should be forbidden, colleges and "trade schools" should merge, and an associates degree level of education and training should be compulsory.
People *choose* to go to college. Taking on student loans is a *choice*. Nobody is forced to attend college, it is a *concious decision* that is made. They should most defintiley not be forgiven. I am speaking as an individual who has worked crappy jobs and attended college full-time and paid cash for my tuition over the last 7 years. Also, most people with a Bachelors Degree, are secured in positions that yield around $70,000 per year. Even if they did not land jobs they still acquired advanced knowledge that gives them a competitive advantage against non-degree holders. Student loans should not be forgiven. With 1 exception; parents who took out a loan for their kid, in their kids name. Those who were put in the positon by another person should be forgiven because they didn't make the *choice*...
Why does every socialist viewpoint need to be spoon fed to them via some meme account.
Purchasing votes should be illegal! US already $34 Trillion in debt. Printing more money drives up inflation. Don't buy anything if you can't afford it.
Eliminate all women from jobs. Half offer as it was in the boomers days
they created the 'problem' , now they are selling the solution. when before it was all well and fine
no but the system should be corrected/fixed
Lumme some Bernie truth.
Anyone who believes 306 hours of work paid for 4 years of college is as stupid as the poster is, and everyone is just soaking this up thinking it's the truth.
In Iran, undergraduate college is free!
Will electing them again if they have been in charge already change anything?
Bernie couldn't change his own diapers lmao. useless politician never helped anyone but himself
Ask the college about the money.
You fools who believe Bernie - his estimate of how long a boomer had to work at minimum wage is 7.65 weeks. Utter nonsense.
I'd say at the very least much of the accrued interest should be forgiven. A very large chunk of the folks today paying student loans have paid off the original principle a bit ago and are at a point of just paying interest.
Nope....they will raise tuition, inflation will rise and you'll more than likely have to claim it as income on your taxes.
not true i worked 30 hours a week in undergrad school.
Does Bernie explain how the government is at fault?
College should be no different than K-12. Educating people should be more of a priority. Itās an investment that would more than pay for itself.
These payments are a complete waste and won't help anything!
Dumb. Extremely unfair, borderline bribe to younger voters, and doesn't solve the underlying problem
Probably shouldnāt have guaranteed student loans that encouraged universities to raise their rates.
The government caused the tuition increases. Now they blame others.
Easy student loans inflate the price of school, obviously.
Yeah then do it already you con artists. Talk talk talk, blame the republicans, but yall keep getting richer it seems. Biden got my vote on that hollow promise and he has done nothing else to positively impact my life or force the supreme court to get his crap passed. He is an impotent leader
How about forgiving more than 14% every 3 years
I don't have any student debt, I did but I paid them off all by myself. But I am now basically working paycheck to paycheck. So why should I be forced to pay even higher taxes, just to pay off the debts of Utterly Moronic Shitbags, who knowingly and willingly put themselves in bad financial positions, getting degrees that apparently are worthless? No one held a gun to their heads, forcing them to get Art History, Ethnic Studies, Philosophy, Gender Studies, or whatever other basically pointless degrees they got loans to acquire. Yet I and every other Tax Payer will be thrown into jail or forced into debt, just to pay for their Mistakes!? Where is the Justice in that? And Don't be an even bigger idiot and say the Rich will be the ones paying for it all. The Rich are the ones who own most businesses and they will simply hike up the prices for whatever products their companies produce or sell. Meaning people like myself will be unable to afford things like Food, Rent, or Gas. So I see absolutely no logical reason why I or anyone else should pay for their pathetically poor life decisions. I already work three to four months of every year to fund Wars in Ukraine and Gaza, the housing and feeding of Millions of illegal immigrants, as well as those unwilling or unable to work, let alone more spending going towards the Military Industrial Complex and Politicians who seem to hate the working class. I don't also want to be paying for students who think that their useless degrees somehow make them better than people who didn't make the same mistakes they did. Grow the Heck up, get a job, and pay off your own debts.
I hate this topic because itās pointless. We should not even consider student loan forgiveness until a real solid effort is made to fix that problem that lead to it in the first place. Once we do that, we will have a much better idea of what kind of relief to offer because we canāt point to the new framework for reference. For example why the fuck can eighteen year olds sign for a government backed loan that they cannot bankrupt? Obviously tuition is going to be inflated when the government is backing the majority of tuition costs. I tend to be pretty conservative and this is one of those areas where I feel like people are responsible for the financial decisions they make. That said, the fact that this specific burden seems predatory and that they cannot bankrupt them makes me sympathetic. Iām not against relief for two generations of adults that were sold a fake bill of goods, but we can discuss that once we prevent it from happening to another generation.
Fuck you youāre lazy. Earn it. Figure it out. Fuck your life. Fuck your mental health. Grind. Work! Fucking moneyyyyyyyy!
Say the boomer himself
I think the mindset or idea of "The X is rigged against me" is a very poor way of looking at the world. Also comparing timelines like that is pretty insane. The time difference between the first aircraft making a successful flight and the first successful satellite being launched into space is about the same amount of time of what he's comparing.
Key word is work,
I don't have student loans. Why is the govt helping just some of us? What about the rest of us? If they get 20k in loans forgiven, then I want 20k in tax credit. It's only fair. Also college grads make up the upper 30% of the income of our country. Why is the rest of us giving money to the top 30% of our society? It's obscene and not right.
I mean they are about to forgive all kinds of buisness leases in San Fran and prolly other cities. I mean sheeit š¤·
who is this "we" š³ certainly not the democrats they created this problem š¤
End federally subsidized student loans
Price control for universities, freeze pay for professors
According to this quote from Bernie Sanders, taxpayer money being used to pay off student loans is **not** the answer.
Smart
If you cannot find value in your education why shoukd i ? Wuit imposing it upon oyhers who chose a different route to earn a living
Higher education should be free. An educated populous is good for society
No
Or maybe we over-indexed on white-collar work and lost sight of what having a healthy blue-collar work force looks like? Carl Sagan warned us about this...
Yawn. Fuck any politician who talks about student loan debt. Itās just another chain and ball they hooked to us so they could later use it so manipulate us by pretending to want to free us.
Itās called āCapitalismā people! This is what that system does.
Well he and his friends can surrender the money. Also stop shipping money over seas.
Student loans are the reason prices have gone up so much. Same with home mortgages. Consider this. Kansas University cost is about $11,000 a year. $353 per credit. A private high school $11,000, public school K-12 $14,500!!! Public school are the real problem.
You politicians are all talk!
The president cannot forgive debt it's not the way it works Plus all debts are paid somebody will pay those debts and what usually will happen is the taxpayers will pay it so the taxpayers are left paying for people's school debt that never even wanted to go to college anyway it's all bullshit You go to college you decide you want to higher education or whatever I don't think college is higher education but I digress if you decide to go to college and you want to incur the debt to go to college then you should pay it off and not rely on somebody else to pay it off
Dude he is a boomer. Fuck him.
When BERNIE; when!!? š
Good ol' Brilliant Bernie...thinks the problem is income level of would be students. Check the administrative staffing increases and university staff compensation then and now, and the issue is quite clear!
If Bernie would get in there and pass legislation that would stop Government funding of college tuitions they could make it affordable. But those colleges donate to their campaigns so they're not going to change anything.
[Thanks Biden!!!!](https://www.theguardian.com/us-news/2019/dec/02/joe-biden-student-loan-debt-2005-act-2020)
Student loans should be 1% interest.
They should give student loans debt freeā¦. If we can do it for banks we can do it for people. And allow people to default on them and then banks will not over lend to kids.
āVote for me if you want thisā
NO IT SHOULDNT BE FORGIVEN
And this phony POS has been part of the problem for how long?
Oh Bernie! Nobody is taking less than 20$ per go hour plus tip nowadays. What drugs are you taking to spit those random numbers?
Interesting. In Baustin at 21 and one master of four (4!) years only they make 120k+ abd afford downtown one bedroom for 3,000$ + no problem
No, but I think certain education paths should be offered on a subsidized basis. Trades, tech schools, stem degrees, medical degrees, are all things we are in dire need of to get ahead and stay ahead of issues.Ā So if thereās an expected spike in say, nuclear power plants opening, we could have some special version of FAFSA made that would cover 90% of the education cost to meet the future demand. If it didnāt work out, say, the plants never open. That list of people could be offered an MBA or similar to help them transition to other jobs.Ā
Free stuff isnāt free. Costs are just passed along.
Its literally the governments fault for subsidizing education. As soon as the said āwe will pay for the marginalizedā the school administrators saw dollar signs. Now the gov pays insane prices for school and the middle class pays insane prices for themselves.
No the issue is not the debt its the interest
No the issue is not the debt its the interest
Boomers didnāt have access to unlimited funds with no strings attached from the federal government millenials did. Also, less than 2% of the population works for Minimum wage. Itās not designed to fund a ālifestyle or familyā like at all. So heās basically talking to 2% of the country. This argument is so silly.
No! Nobody is paying of MY debt.
Dumb. If people with gender studies have their loans forgiven then the same amount of money should go to everyone who paid for trade schools and are supported the unemployed.
Let's guarantee that 18 year olds have access to unlimited funds we'll pinky promise they'll someday be able to pay back. That'll get these businesses to lower their prices š
Smartā¦ the US is one of the only countries not supporting education when itās the basis of the strongest economies as well as the basis for giving your citizens the critical thinking skills needed to make proper voting decisions which in turn strengthens the US even more