Posted on 02/13/2020 6:16:23 AM PST by karpov
Subsidizing college is bad enough, but why are we subsidizing graduate school? College graduates should be able to save for graduate school and/or get funding from their school, not rely on taxpayers.
Bullshit!
Perhaps some of these people are $150,000 in debt because they have advanced degrees in Lesbian Dance Theory and they now work at Starbucks for not much more than minimum wage. I suppose those folks will be the really big winners here.
And don’t forget that forgiven debt is TAXABLE INCOME. Watch them squeal when that comes around.
Now pitchers will have to face 3 batters. I’d prefer to listen to the opinions of Colin Kapernick.
Just part of THE BIG DEMOCRAT PARTY MONEY MAKING AND MONEY LAUNDERING OPERATION!
To be clearer this debt forgiveness is bullshit!
The forgiven will not learn, nor those following. It is indirect welfare for college and university progressive indoctrination centers.
The opposite needs to happen, like garnisheeing of paychecks. Bankruptcy is currently more difficult with college loans, but possible.
And, NO more school welfare for foreign students to come here to study. Use that money for American citizens!
To err is human.
To make mistakes big enough to take the entire company down requires a graduate degree.
And dont forget that forgiven debt is TAXABLE INCOME.
Damned well better be!
Nonsense.
Colleges benefitted from this scheme and should pay. Use college endowments and real estate sales to pay off the student load debt.
Make colleges underwrite the loans in the future (the future being tomorrow.
Problem solved.
Nonsense? How so?
why?
Please forgive my taxes for next 10 years.
We need to put the responsiblility where it belongs, on the schools, and we need to stop the CONTINUED programming that will trap other students.
My college loans equaled about $7K for 4 years, 1969 - 1973. According to website... https://www.in2013dollars.com/us/inflation/1969?amount=7000
Would now equal to about $50K in 202 dollars.
$7,000 in 1969 is equivalent in purchasing power to about $49,058.75 in 2020, a difference of $42,058.75 over 51 years. The 1969 inflation rate was 5.46% . The current inflation rate (2019 to 2020) is now 2.05% 1 .
Our oldest son went to U of Houston. Our daughter graduated from UT. I don’t remember how much it costs, but she figured equal to a new Ferrari. Our youngest grad from Concordia Irvine Ca where it cost $75K a year for tuition/room/board/books, etc. We paid it all. Not easy, but we did it. You don’t go on expensive trips, you don’t buy a new car very often. We bought a car in 1975, 1980, 1996, and 2011. That is all. You don’t eat out a lot, you cook less expensive food at home. You don’t buy expensive designer label clothes all the time. You scrimp and save.
I want OUR money back BEFORE anyone else gets theirs! hee hee
Confiscate it from college endowments and professor pensions, as they were the beneficiaries of the largess.
How about not giving loans to meaningless degrees? Only give loans to Science, Computers etc., where placement after graduation is pretty much a sure thing. Also base all loans pending a reasonable GPA. IMHO
Convenient how kids were told they NEED a college degree, money be damned, and now along come the socialists to save their financial life situations with just a vote.
(Just my little conspiracy theory)
I think your conspiracy theory is spot-on.
I think the Democrats deliberately created this situation so that they’d be able to buy themselves an election when they needed it the most.
If you finance school with loans and don’t pay back the loan, you should have the credits taken back, just like they do with houses and cars. If you have a professional certification bases on those credits, you lose your certification.
My graduate school in a STEM program was funded by grants, fellowships, and work-study programs. That means that it was all taxpayer funded.
I think the primary issue here is that people are getting loans to study subjects that have low rates of leading to successful careers, causing them to be unable to repay their loans. Rather than subsidizing unproductive degrees, we should be encouraging people to look at the long term opportunities in their selected course of study.
People who receive STEM degrees have very low unemployment rates. Even in the Obama years, people who had a Ph.D. in a STEM field had a 1-2% unemployment rate.
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