by Zak ➕follow (0) 💰tip ignore
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Except with the tax plan, you pay for it whether you use it or not, you never get to stop paying, and you don't get any choice over what school the money goes to. Doesn't that seem worse in every possible way?
It's not like lenders are making bank on gouging student loan interest rates, its like 1-2% or something.
Don’t subsidize student loans. Watch college tuition prices fall to where the unsubsidized market can bear. Probably something around 5-10 grand per year.
Mafia does not forgive loans.
Don’t subsidize student loans. Watch college tuition prices fall to where the unsubsidized market can bear. Probably something around 5-10 grand per year.
I hope to live long enough to see both of these rackets in smoking ruin.
But I don't want to have to breathe the smoke.
PeopleUnited saysDon’t subsidize student loans. Watch college tuition prices fall to where the unsubsidized market can bear. Probably something around 5-10 grand per year.
Ca. 6-8K per year, inflation adjusted, is what State schools used to cost in 2000.
Here's a very exact answer ...
https://www.coursera.org/degrees/bachelor-of-science-computer-science-london
The online Goldsmith/London University comp science bachelors is 10.6K-15.9K Pound Sterling which is 3.6K to 5.4K per year which even in US dollar amounts are $5K to $7.4K per year and is affordable for many ppl, since they can work while doing the program.
Sure, it's not as prestigious as let's say the on-campus University College (UCL) but c'mon, who can complain about attending a place like London for such a discount?
how do you know it is him who passed the exams?
Onvacation saysBut I don't want to have to breathe the smoke.
Ha.
Speaking of smoke, I am not going to stay in Cali for another smoke season like last year.
Particulates so minute they go directly into your bloodstream, VOC’s from the burning buildings, and now this: https://archive.fo/rDJ7I
I am plotting my escape right now.
My wife and I paid off a 6-fig medical school loan three years ago.
Should I expect a refund?
If not, why do you pick winners and losers Joe?
The PPP program was directed to reward one group over another. The students were not part of that group.
Where's the fairness doctrine?
My wife and I paid off a 6-fig medical school loan three years ago.
Should I expect a refund?
If not, why do you pick winners and losers Joe?
Biden is worse than brain dead.
The major problem with the government's student loan program is that it allows colleges to massively jack up prices and also allows completely unqualified "students" to attend.
BayArea says
My wife and I paid off a 6-fig medical school loan three years ago.
Should I expect a refund?
If not, why do you pick winners and losers Joe?
I opted to not go to med school because I didn't want the loans. To hell if I'm going to be forced to pay for those that did.
The smart young guy with the curly hair makes the right choice to learn to weld.
How much does a Welder I make in the United States? The average Welder I salary in the United States is $44,598 as of February 27, 2023, but the range typically falls between $39,601 and $51,263. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
True, but the student loan forgiveness is an act by Biden's handlers. It is not stupidity, is a calculation to buy votes.
Should've learned plumbing instead.
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If the argument is that 100k is a ridiculous amount for school to cost, then how is paying for it with taxes or debt forgiveness going to fix that in any way ever? At least with a direct responsibility for a high tuition, people will be choosing to get cheaper and equal or nearly equal alternatives via price substitution...
Here is my take on the solution to this problem:
1) Reinstate the ability to declare bankruptcy to discharge student loan debt BUT make there be a 10 year discharge period, with a 10% income repayment cap. This allows people to get out of their debt in the event of life events, but doesn't let them off the hook entirely. It also returns responsibility to the lenders to lend less money if the student doesn't have a good prospect of finding a job with the degree they intend to pursue (or have other means of paying).
2) If the student applies for bankruptcy after completing a degree, the school becomes liable for 30% of the debt remaining after the 10 year payoff period is over for the student. This gives schools some incentive to not steer students into majors that won't let them pay the bills.
What do you guys think?