Kolek planning to go pro
I think the whole foundation and system of student loans, as well as current college pricing, is FUBAR and in drastic need of overhaul and change. However, I think blanket student loan forgiveness is a shiny political trinket that won't ever happen and would actually not do anything to fix the greater issue. For every truly sad or unfortunate story about student loan debt, there are plenty of people who took on debt to go to a university that wasn't financially prudent for a degree that never projected to financially take care of large debt burdens in a timely fashion.FWIW, I'm strongly in favor of free CC/associate degrees. I could come around to a $10K chop on existing balances or something of the like. And all of this is coming from someone who has student debt themselves.
Ewe went ta skool wit mee? Hoo new, hey?
Da hole Rocky ting iz a red hearing. Dude lives in Cuda, hey?
ftfy
Yes. A 10k chop that equates to paying off the gen Ed's that you're pressured into overpaying for at brand name universities would be a great start. As far as the income of the degree vs debt burden I like Purdues model (or at least my understanding of it)
Who pressured us? We paid for more than classes, it was the college experience of being in the dorms, the social life, freedom, maturation, etc. People who lived at home or went to CCs didn’t get that, whether by choice or other reasons. My friend’s kids went to college 1.5 miles from home. They can walk to campus in 20 minutes. They wanted their kids to live on campus for those reasons. There was no pressure, even after his wife was laid off. That’s where some of the loans went, living expenses. Does the argument change when people recognize many of these loans went to rent and food?
Went to the post office yesterday. Incurred $7.38 in charges. Gave the dude $20.08 in cash. Received $13.30 in change. Not everyone should be going to college. Dis kountry iz sew fooked, aina?
" We should forgive student loans for a ton of reasons. If you'd like me to go over them for you, I can, but your mind on the matter seems pretty made up, so why bother? " why doesn't this surprise me? everyone get's a trophy, enyn'a?
6 of 10Everyone gets a trophy was created by the baby boomer generation for their kids. Baby boomers are arguably the worst generation of Americans. Left the world a worse place and still complain all the time
The best thing about boomers is how they climbed the ladder of success using a perfect storm of global economic advantages plus government programs/assistance and then burned all the rungs behind them so no one else had a chance
Times change. School is outrageously overpriced.Honestly, I don't care if the loans went to rent and food. Especially if they're the government backed loans. Private loans I could be talked into them being different.
An undergrad student can only take out a maximum of $57,500 over four years in federal loans, $23,000 which are subsidized (no interest building up while in school). Those are the first ones a student gets too. Anyone claiming to be over $100k in debt is loading up on private loans, attending schools beyond their means, using the loans for outside expenses, or went to grad school ($68,500 in subsidized loans available), a luxury expense.
Grad school is a luxury expense. Unless you want to be a doctor, attorney, academic, therapist, educational administrator, business executive, dentist, speech pathologist, scientist, etc.Or js it your contention that only the already wealthy should have access to those careers?
Grad school is an investment with greater returns. Med School and Dental School lead to a much higher income upon graduation. That’s the reward. How many undergrad degrees result in a $150k (and higher) starting salary? My remaining loan debt is from law school, i made the choice to leave a career to invest in that degree.
The people who are the real idiots in regards to student loans are the ones that are getting liberal arts PhDs from private institutions and aren't on any sort of scholarship or fellowship. It's insane to rack up six figures in debt for a job that pays $55K a year - IF you can find a related job at all.Awhile back, Slate presented a series of sob stories of these types of folks - and they got flamed in the comments.https://slate.com/business/2020/07/debt-nation-the-faces-of-americas-student-loan-crisis.html
So when I took out loans to study for 4 weeks but spend 7 weeks for a summer in Europe that would be forgiven under your policies because college is “overpriced.” Can I get my mortgage forgiven too? Think of the spending I could do if I didn’t have that $2k/month payment. I mean, property here is outrageously overpriced so forgive my mortgage. I’m for partial forgiveness if it’s earned, like PSLF. But, that’s not what millennials and Gen Z believe in: having to earn something. They got what they wanted and now don’t want to pay for it.
Humanities programs account for less than 5 percent of all advanced degrees awarded.https://www.amacad.org/humanities-indicators/higher-education/humanities-share-all-advanced-degrees-conferred