Posted on 04/21/2019 5:56:10 PM PDT by SeekAndFind
A fool and his money are soon parted.
JoMa
Tuition needs to be decimated and Profs need to be forced to buy and drive Trabants.
As someone who didn’t and wouldn’t take on debt I don’t see the “conundrum”. Pay up.
This seems to be a rolling wave of bad consequences — young people have debts and don’t want to start families, they can’t buy a house, they don’t mature, they don’t grow up and realize that Liberalism doesn’t work: they desperately want someone to “rescue” them.
It’s bad for everyone.
No sympathy.
You borrowed the money to be indoctrinated, pay up.
Funny how this was not nearly such a big problem before Obama ( illegally) nationalized student loans
We’re sure that a major part of the solution will be to return student loan lending to the private sector. Government lending without prudent standards ( and this few repayments) is just what Obama intended — another tax money giveaway program.
We’re sure that a major part of the solution will be to return student loan lending to the private sector. Government lending without prudent standards ( and this few repayments) is just what Obama intended — another tax money giveaway program — in other words, more welfare .
I think 50% should be charged back to the colleges. The balance should be paid by the students with minimum interest, and student loans should be given back to banks who can look at the risk/reward of loaning money.
Pay to play scheme. College is for dumb leftists who drive out the conservatives and those superior leftists tenured adults pimping the DNC and Communism... They are so smart.
The main point is that with 85% of the loans federally guaranteed, taxpayers are on the hook. For whatever reason people do not grasp the fact that this is a zero-sum game - what student borrowers (or parent guarantors under Parent Plus loans) do not pay back, taxpayers will.
Forgiveness programs merely move the line between borrower and taxpayer responsibility.
Congress needs to effectively cap the amount that borrowers can take out. I understand that there are stated limits, but there must be significant loopholes. I had a fellow come to my office last year with $588K of total student loan debt, and I have spoken with a Seattle lawyer who says she had a client with $750K+ in total debts. That needs to stop.
Taxpayers do not have a role in the decisions students make regarding college - they should not be in such a position of vulnerability when it comes to the consequences of such decisions.
Our kids leave school debt free. They changed adult diapers, served half a million plates of Mexican food, and mixed up a million cups of brew at Starbucks, but they graduate debt free.
I'm just not seeing why there is so much hand-wringing over an average college debt of $29,000.
In 1965 full tuition at a nearby state university was approximately $200.00. Just tuition and only tuition.
After looking at the CPI inflation calculator, that same $200.00 should cost $1,613.98 in 2019.
Current tuition at that same state university this year is $6,380.00. Just tuition and only tuition.
The same state university is continually asking its alumni to help fund higher paid professors and build buildings so as to be ranked higher nationally, and gain prestige.
Instead of working their way through school, students and their parents now borrow, against the future.
As long as students and parents are willing to pay the increases, the increases will continue to rise.
What’s worse is useless degrees, such as gender studies, multicolored studies, and degrees that can’t possibly lead to employment, have proliferated throughout academia.
Ex wife borrowed 50k to get her nursing degree.
Makes 6 figures and no intention of repaying that loan
Forgiveness programs merely move the line between borrower and taxpayer responsibility.
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Simple: The person who is responsible, hard working, and diligent pays in the end for those who don’t think, make foolish decisions, borrow without the intent of paying back what’s borrowed, waste money, and live far above their means.
The federal government takes it out of the responsible person’s pocket, and pays off the irresponsible person’s debt.
When I was young we were taught the lesson of the “Three Little Pigs”. Today it’s live it up, don’t think of tomorrow, because someone, somewhere will bail you out.
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