Posted on 11/28/2020 10:41:31 AM PST by karpov
Any white kid with a scholarship is a rare bird.
It’s not debt forgiveness. It’s debt transference. As in, it gets transferred to the taxpaying public. The colleges and universities get the money before the student who didn’t learn a damn thing in the college or university gets a chance to default on it.
This program should require a payback of all sums with interest. My daughter-in-law was a nurse by training but then decided to go to law school, using a student loan to pay for it. She specializes in health law. In her first case, she won and her share of the settlement was more than I earned in my last 6 years of college-level teaching. Even though she is family, why should my tax dollars pay for her education when she reaps the financial rewards?
Also, what about student loan forgiveness for Black kids from wealthy parents versus student loans of lower-income White kids?
The hell you say? Looking at various social media platforms, the ones whining about hundreds of thousands of unpaid student debt are almost universally young white people who don’t want to give away half their salary to pay for their education.
I very rarely see a person of color do it, and almost never see it about ‘my degree in civil engineering...’
Inequality of student loan debt underscores possible Biden policy shift
~~~~~~~~~~~~~~~~~
Biden doesn’t have policies; he has handlers.
He won’t need policies; he’ll need lawyers. Lots of them.
We are so proud of her for graduating with out student debt, I guess that was the wrong decision.
Exactly. And students need to wake up to that fact.
Poetic justice in a way. The students who had their loans “forgiven” by Soetoro will now pay for the loans “forgiven” by Biden (if he somehow ends up successfully stealing the office).
In that case, Mrs rktman DEMANDS a refund for payment in full of her college loans. In today’s dollars.
You want to complain about the kids who are whining? Why aren't you complaining about the kids who won't pay their debts?
Same here, and my spouse’s, too.
Here’s an idea: have the government seize the endowments of these schools to pay back the amount the schools overcharged on tuition.
I am not a fan of the government seizing assets, but in this case the money originally came from the student loan program. Some schools have millions of dollars in their endowments.
Also they can stop overpaying the faculty. Some of the higher ups make over a million a year in salary.
The university I graduated from has tuition of over $50,000/year nowadays.
I can’t imagine that even a third of “white” students there have their parents pay the full amount.
My first year tuition was $3,300/year and I took out both a federal NDSL and a private bank student loan to pay it.
“hundreds of thousands of unpaid student debt are almost universally young white people who don’t want to give away half their salary to pay for their education”
There is a 15% of income capped repayment program for federal student loans I believe. This program is in some cases worthwhile.
At the risk of being politically incorrect, think back to the days when banks would "redline" minority neighborhoods and not make mortgage loans there.
Is there any possible correlation?
Language warning 1:14
https://youtu.be/vxs5fuVHJyI
https://studentaid.gov/app/ibrInstructions.action
Note that income-based repayment if often not a good idea.
https://studentaid.gov/loan-simulator/
Be very careful in matters involving student loans.
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