Student Loan Forgiveness

[ltorlo64]

Once again we are going to bail out people who made promises that they cannot keep. No where in the article is there any discussion of the responsibility of the borrower to verify what the school or the bank was telling them was correct. No where is there any discussion of the responsibility of the government (as the guarantor) or the institution granting the loan, to verify the earning potential of the person based on the school and the degree being pursued. Lots of emotion about how sad it is that people took out thousands of dollars in loans and how having to pay it back is not fair. As far as I can tell the only people that will have any responsibility to pay these loans will be the 50% of the country that pays federal income tax. No wonder Democrats keep getting elected.

http://www.msn.com/en-us/money/perso...NZl?li=BBnbfcL

[skorpion]

This is was communism/socialism/marxism is all about: Everybody must pay for everybody else unless you are part of the Elite. This is what Democraps support these days.

[NAPOTS]

I honestly think the interest rate on student loans should be a little higher, people apparently have no impetus to paying them back. That and democrats keep wagging this carrot out there that they may be forgiven some day. If we do that let's forgive everyone's credit card, auto loan, and mortgages. The concept pisses me off, you entered into a contract to borrow money, no one held a gun to your head to make you sign it, you received services for that money, you owe it fair and square. Anything else is bullshit and undermines the integrity of our whole financial system.

[Ruskiegunlover]

But thats what they are TRYING to do. Undermine our system. They already got americans paying people not tovwork, supporting people with fake illnesses, and buying votes. This, when compared to welfare and other programs, isnt much worse. I do not agree with it either, and am still paying off my student loans. I took them out, and i will pay them.

[NAPOTS]

I think it is more a matter of the classic liberal game of give free shit to people to get them to vote for you for life with no real thought put into long term reprocussions. If nothing else it is something they can bring up every 4 years to garner support. Pandering to special interests groups is their forte.

[rci2950]

Most of the robots coming out of university are antigun communists anyway.

[l921428x]

In Star Wars analogy Clones.

[Krupski]

Once again we are going to bail out people who made promises that they cannot keep. No where in the article is there any discussion of the responsibility of the borrower to verify what the school or the bank was telling them was correct. No where is there any discussion of the responsibility of the government (as the guarantor) or the institution granting the loan, to verify the earning potential of the person based on the school and the degree being pursued. Lots of emotion about how sad it is that people took out thousands of dollars in loans and how having to pay it back is not fair. As far as I can tell the only people that will have any responsibility to pay these loans will be the 50% of the country that pays federal income tax. No wonder Democrats keep getting elected.

http://www.msn.com/en-us/money/perso...NZl?li=BBnbfcL

What they need to do is control the cost of education in the first place.

$200-something for a textbook used for ONE SEMESTER (multiplied by the number of classes you take) plus outrageous tuition is the problem.

It should not cost $50K to $100K to get a 4 year degree......

We paid for our oldest son's college... now we're paying for the younger son... then next comes the daughter... and it's not doing our budget any good.

[ltorlo64]

What they need to do is control the cost of education in the first place.

$200-something for a textbook used for ONE SEMESTER (multiplied by the number of classes you take) plus outrageous tuition is the problem.

It should not cost $50K to $100K to get a 4 year degree......

We paid for our oldest son's college... now we're paying for the younger son... then next comes the daughter... and it's not doing our budget any good.

I don't disagree with what you are saying but forgiving student loans is not the way. This just rewards the schools for having the high tuition costs. Keeping with the idea that things will cost what the market will bear, having the government guarantee loans for people to get degrees which are not useful, or which are useful but way to expensive, pushes college expenses up. The fix, though it will not be easy, is to take government out of the college loan business. This will result in people having to go to banks for loans (without government interference) which will allow less people to get loans so less people will be able to attend college. As fewer people attend college, again with no government interference, the colleges will have to find some way to get students in order to stay open. I would expect this will result in tuitions going down and for other efficiencies to be made in the college staffs in order for them to stay in business.

The real reason why college tuitions are so expensive is that government is providing money to people to pay for things they cannot afford which allows the tuition to go up, which then causes people to need more money so the government provides more so tuition goes up again. This is very similar to the housing crisis where government interference caused housing prices to go up while allowing people who could not afford those prices to buy those same houses. This cycle continued until economics reared its ugly head and people started defaulting on loans, sort of like now with college laws.

[FunkyPertwee]

Guaranteed federally subsidized loans are the reason college is expensive in the first place.

I don't support welfare bullshit, but I would do it in exchange for an immediate end to subsidized loans. Force colleges to sell off their fancy new gym equipment and start taking in less gender studies degrees and lower the price already.

And FYI, although I won't be supporting any Democratic candidates, if by some chance the government offers loan forgiveness, you can bet your ass I'll take it. Don't blame people for taking the government cheese, blame the government for extracting the money from you under threat of physical violence, and the people that support that system politically. (And no I didn't get a worthless degree)

[Ruskiegunlover]

What you said makes no sense. Don't blame idiot 20 year olds for taking a full loan of 8 grand a year to pay 6 grand in tuition total, and then spending the extra 2 on a cruise? DON'T blame them for that? Because thats the reality of whats going on for a number of college students. Or car buying, or other screw off things. Very few responsible loan takers. Believe me, I spent 9 years in school struggling. I saw a lot of idiots.

DON'T blame people for being irresponsible and taking out too many loans and wasting the money? Instead, blame the government for taking money from us by force? Seriously, no sense at all there.

YOU borrowed the money, as I did too. YOU should pay it off. NOT me. NOT anyone else on here. BLAME PEOPLE LIKE YOU for thinking you should be able to take advantage of the government and tax payers once in taking out a massive loan you did not need, spending it in many cases frivolously, and then blame people like you again if you believe you should be able to fleece the government and tax payers a second time by crying and begging people to fogive the debts YOU CHOSE TO TAKE OUT. I have paid off half of mine, and will pay them off in entirety in less than 2 years. Damned proud of that too. I am the working poor. I am a school teacher. If I can sacrifice and do it, you can too.

Screw anyone who screws us. All of us tax payers. Its immoral. And its people like this that have no moral qualms about screwing the gov out of money that are destroying our gov and country. NO DIFFERENCE MORALLY between the gollege grad trying to get out of paying his loans off and the welfare queen saying she cannot work after having 20 kids and needs all of us to take care of her. BOTH made bad decisions, BOTH should have to pay for them.

[FunkyPertwee]

DON'T blame people for being irresponsible and taking out too many loans and wasting the money? Instead, blame the government for taking money from us by force? Seriously, no sense at all there.

Taxation is theft.

My idea of paying off student debt while simultaneously ending subsidized loans is a compromise meant to reduce the governments role in higher education. There would be one payout and then done. Its also just an idea, as there is nobody calling for this that I know of. If I had it my way, I would just turn off all subsidies and regulations with one fell swoop, but thats not going to happen.

There is no reason to give me the lecture you wrote for your students who support Bernie Sanders. I've come to reject all taxation as inherently immoral because of its reliance on the use of unjustified coercive force, so if anything you're a bigger supporter of government than I am. There would literally be a zero percent tax if I had it my way, and the government's "services" would all be provided by private businesses, and taxes would be replaced with systems of contracts and service fees.

Taking money from people by force is called extortion, and it victimizes those who are extorted. Although wasting loan money is a terrible idea, it only hurts the person wasting the money. The money has already been taken from you already by the time the students take it. The government knows what it is doing to the price of education via subsidization. How many of the high schoolers do you know understand that concept? They're like fish, biting into the bait of the higher education loam scam. People who take out subsidized loans and fail to get a degree worth anything have fallen victim to the "education" they received in high school which taught them that they had to have a college degree, and a government that is willing to extort money from a third party ("taxpayers") and put clueless young "adults" in a serious debt in order to line their own pockets by turning American colleges into money making scams. Also I'll blame the professional licensing schemes that require nearly every job worth a damn to require some certification or degree that you're going to have to pay your congressman's friends in education to get.

The taxpayers and those who were sold a worthless education by the Government and their university friends are both the victims of an abusive and irresponsible government.

Maybe later we can get into a discussion about which is the (greater) act of violence, voting for politicians that advocate taxation for social programs or taking the handouts due to ignorance (high schoolers) or necessity due to the problems created by the social programs themselves.

Screw anyone who screws us. All of us tax payers. Its immoral. And its people like this that have no moral qualms about screwing the gov out of money that are destroying our gov and country. NO DIFFERENCE MORALLY between the gollege grad trying to get out of paying his loans off and the welfare queen saying she cannot work after having 20 kids and needs all of us to take care of her. BOTH made bad decisions, BOTH should have to pay for them.

Screwing the government out of tax money is the same as screwing the mafia out of extortion money.

Welfare queens are taught to blame their economic immobility on us, and we've been taught to blame it on them.

YOU borrowed the money, as I did too. YOU should pay it off. NOT me. NOT anyone else on here. BLAME PEOPLE LIKE YOU for thinking you should be able to take advantage of the government and tax payers once in taking out a massive loan you did not need, spending it in many cases frivolously, and then blame people like you again if you believe you should be able to fleece the government and tax payers a second time by crying and begging people to fogive the debts YOU CHOSE TO TAKE OUT. I have paid off half of mine, and will pay them off in entirety in less than 2 years. Damned proud of that too. I am the working poor. I am a school teacher. If I can sacrifice and do it, you can too.

You shouldn't try to compare personal sacrifices when you don't know what any of mine have been.



I know I rambled through this post really bad, but I'm exhausted and crashing out now.

[FunkyPertwee]

Screw anyone who screws us.

That would be uncle sam.

[NAPOTS]

where does this money for the student loan forgiveness come from? You can't make this debt vanish into thin air. You got paid, the school got paint, services were rendered, so if the debt gets "erased" who pays it off. You already know the answer. And no the money wasnt already there it is rolled into other unsecured socialistic ponzi schemes that the government has going to foster complete and utter dependence. Once dependence, then comes unquestioning loyalty and obedience.

[Krupski]

where does this money for the student loan forgiveness come from? You can't make this debt vanish into thin air. You got paid, the school got paint, services were rendered, so if the debt gets "erased" who pays it off. You already know the answer. And no the money wasnt already there it is rolled into other unsecured socialistic ponzi schemes that the government has going to foster complete and utter dependence. Once dependence, then comes unquestioning loyalty and obedience.

I've been seeing ads on TV lately to "be sure to sign up for obamacare to avoid the penalty" (something like that) and then they go on to say that some people can qualify for assistance paying the premium.

So, those who can afford the outrageous premiums will additionally subsidize those who cannot afford it. Pure socialism, nothing less.

[FunkyPertwee]

where does this money for the student loan forgiveness come from? You can't make this debt vanish into thin air. You got paid, the school got paint, services were rendered, so if the debt gets "erased" who pays it off. You already know the answer. And no the money wasnt already there it is rolled into other unsecured socialistic ponzi schemes that the government has going to foster complete and utter dependence. Once dependence, then comes unquestioning loyalty and obedience.

Like I said, that was an idea for a compromise that would end the gov's role in higher education. Neither the left or right would ever accept it so its not going to happen anyway.

I agree with your viewpoint. Unfortunately for some, in order to end government exploitation of the people we would have to end social security and other programs people have "paid into" throughout their lives, as the money for SS comes from taxes collected today, not thirty years ago.

Once dependence, then comes unquestioning loyalty and obedience.

Unfortunately I'm seeing a lot of unquestioning loyalty and obedience from people who supposedly stand against big government.

[Ruskiegunlover]

Funky, I can agree with many of your points, and completely agree with ending the loan program and all fed subs. But again I will stress that if you took the loan you should pay it. No man is greater than his debts. To shirk the duty to pay them back is simply not right. I had a fairly large sum, and have knocked off 60% or better in 4 years.

Sorry man, I do respect you as a member and will agree to disagree on this. I apologize if I in any way questioned your sacrifices to get through, as I too know the hell that can be college. I am a high school teacher, a member of the working poor. My wife makes quite a bit more than I do working for the evil Charles Koch.....if not for her we would be not nearly as well off. She started for him 9.5 years ago making about 13 an hour and through hard work l, lots of voluntary overtime, and dedication she has had several promotions, raises, and now bonuses. Koch treats those that work hard well. I just know that as much as it sucks, I took those loans out. Would rather save the money or put it into other things. Byt my moral duty is to pay it off. It really is that simple.