Posted on 07/09/2023 9:20:37 AM PDT by Libloather
“We already had a plan to repay student debt. It’s called a job, and it was working just fine before Pres. Biden decided to transfer debt from coastal elites who chose to take out loans to hardworking Americans who didn’t.”
Senator John Kennedy (R-LA)
https://twitter.com/SenJohnKennedy/status/1571887826337255426
Yes no pity parties for stupidity
Must think they give away free houses too.
If colleges and universities weren’t subsidized by the US Govt., through grants etc., the tuition would be far less expensive because they would have to compete with each other to get students to attend.
DOH! A degree in dumbassery?
I went to college...and paid for it all myself. No loans...
I have a good paying job.
Biden’s plan to forgive $20,000 was not going to help him much.
So, borrowing $60k and not making any payments while interest balloons the balance to $100k makes it hard to pay off? Who’da thunk?!
This guy hasn’t made a single payment. He is a grifter.
Or define repayment as X% of income for 10 years after graduation. Then they get stiffed if they edumacate someone lazy, or stupid, or if they oversell the market value of certain degrees. Then they’d be forced to exercise due diligence and also sell something of value.
That’s how I felt with my first couple of mortgages. But at least they gave me a roof over my head.
Master of Black Advocacy programs don’t focus too much on finance. :)
It’s just amazing how the media gets away with redirecting all of this angst onto Republicans and taxpayers and deflecting blame away from the Democrat-captured educational institutions with their giant salaries paid to Socialism’s most loyal foorsoldiers.
In WHAT???
pursuing an MBA
A vastly overrated degree, IMO.
Borrowing $101,000 for an MBA means Jarret was too stupid for college. Also too stupid to be employed anywhere but Starbucs, McDonalds is above his pay grade.
Jarrett is the problem—can’t get a job because he’s too stupid? hasn’t made payments so Duh, no wonder he won’t pay it off.
OMG that much money to become a brainwashed moron without an ounce of common sense or a lick of critical thinking!! That much money to become a sheep in a herd of group think!! A really great handyman makes more than this idiot ever will, a great electrician, HVAC, or plumber will pull in 6 figures easy!! Hell Walmart is starting off their truck drivers at 100K, 2 kids I worked with at Home Depot 20 years old, are in trucking school right now (paid for by Walmart) starting salary upon school completion 100K!! School is less than a year and these 2 kids will be on their way!!
Our government's intrusion into lending and other industries has resulted in a society that more and more depends on government (tax payers) taking responsibility for both individuals and businesses/corporations that won't take responsibility for their decisions or failures. E.g., Biden & Dem attempt to buy student votes through a tax-payer bail out of student loans. 2008 bank bail outs using tax-payer $$. Our government needs to get our of our lives and it has to stop putting its finger on the scales. Is anyone else tired of this nonsense? Here are the choices debtors have:
1 - Pay off the debt.
2 - Restructure the debt payment.
3 - Similar to 2, negotiate a smaller amount to pay back.
4 - File bankruptcy.
All politicians should be required to take and pass a test on the book: "The Wealth of Nations", which happened to be published in 1776.
A guy that I worked with did everything right:
1) Had a technical BS degree.
2) Went to a top-rate MBA program (top 20 in the country)
3) Get a REAL MBA, rather than “Executive MBA”
Two year of studying his ... off, while working. Left work for another technical job, came back to our company, to the same job...never advanced.
I, too, thought it was the ticket to wealth, but I was too lazy to put the effort in, so never tried. He should have done more research.
In the end, I think it was all personality, his was a bit rough.
You borrow the money, you pay it back. Period.
Freeloading idiots. If they don’t even understand the bare basics of economics, are they truly educated?
I think the real question ought to be ‘why does college cost this much in the first place?’. I mean, how much does it cost for a “professor” to rattle off factoids for maybe 4 hours a day? How much does maintenance on the classroom cost? Heat? Lighting? I’d say nowhere near what they charge students. Where’s all that money going?
Usual conservative comments regarding student loans first, but after that, the cost of college has increased dramatically, and it amazes me that Republicans and conservatives don’t talk more about this issue. The universities are run and controlled by leftists yet are all about taking $$$ from their poorer students. Too few people point this out and instead allow the left to steer peoples’ anger toward capitalists. Use it to explain why the left’s approach to education is a bad idea. Point out their hypocrisy and elitism. Say something. Don’t just let them control the narrative. But I guess that’s asking too much of the GOP.
Whether student loans should be legal or illegal , is a separate issue from whether they should be repaid.
Why do you think they should be illegal?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.