by Zak ➕follow (0) 💰tip ignore
« First « Previous Comments 25 - 64 of 73 Next » Last » Search these comments
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.
don't need a culinary degree to operate a restaurant
AmericanKulak says
don't need a culinary degree to operate a restaurant
Correct. A Culinary college around here (Johnson and Wales University) was easy to get in and easy to graduate. I did notice when I went to one of the graduations, how the dean spoke ahead of the ceremony warning that grads may not get good jobs straight away. That is, a kid came in after working McDonalds, spent 4 years at J&W, then goes back to working at McDonalds.
The whole thing about Culinary degree is weird. To me this is more like trade, not much different from plumbing or welding.
After the Supreme Court blocked his sweeping student loan cancellation last summer, Biden bragged “we can’t have a debate because cannibal rappers named Ice Tea ate Donald Trump.” No, wait, that was a different time. What happened was, not one to let the top court in the land tell him what to do, Biden ineloquently boasted, in a hissed stage whisper, “That didn’t stop me.”
In a 61-page order, penned by two Obama-era judges, a Missouri federal court stayed most of Joe’s new and improved loan forgiveness plan. Eighteen states, including Florida, sued, arguing Biden’s so-called SAVE Plan — actually a giant SPEND plan — wasn’t authorized by Congress, turned loans into grants, and was overall uglier than a slimy hairball the judge’s hairless Persian recently coughed up.
The order held that Biden’s SAVE Plan likely violates the Supreme Court’s major questions doctrine, because it is “‘an enormous and transformative expansion in statutory authority without clear congressional authorization.’” And the court noted the $475 billion estimated price tag would “forgive nearly one-third of all student loan debt.”
Most voters are less enthusiastic about paying off other people’s student loans than Secret Service agents debating who’s going to take Biden’s bite-happy German shepherd Commander for its next walk.
“By attempting to saddle working Missourians with Ivy League debt, Joe Biden is undermining our constitutional structure,” Missouri’s Attorney General Andrew Bailey said. “Only Congress has the power of the purse, not the President. Today’s ruling was a huge win for the rule of law, and for every American who Joe Biden was about to force to pay off someone else’s debt.”
The student loan issue is such a dumb political football. If they wanted to solve it, it could be solved in about ten minutes by letting people with unaffordable student loans discharge them in bankruptcy. The Constitutional bankruptcy system already has all the safeguards to ensure people don’t take undue advantage, and only use it when necessary.
Democrat President Joe Biden’s administration has been forced to stop all student debt forgiveness programs after multiple court orders.
Federal judges in Kansas and Missouri sided in favor of Republican attorneys general. ...
Republicans have slammed the plans as a barely disguised scheme to buy votes for President Biden using taxpayer dollars.
The news comes as Biden faces growing battles as he hopes to cling to power. ...
The empty promises that Biden made about what he would do in his four years in office were a draw for many at the time.
However, many will be unlikely to be fooled again this time around.
it could be solved in about ten minutes by letting people with unaffordable student loans discharge them in bankruptcy
Democrat President Joe Biden’s administration has been forced to stop all student debt forgiveness programs after multiple court orders.
The reason loans balloon to enormous amounts is people go to private schools and use the loans to live on. Stupid people don’t deserve degrees at tax payer expense.
FuckTheMainstreamMedia says
The reason loans balloon to enormous amounts is people go to private schools and use the loans to live on. Stupid people don’t deserve degrees at tax payer expense.
Not only that many party and live beyond their means with the loans. I knew plenty of people that traveled, had a nice apartment, car, ate out all the time and then cry about having 100+k loan.
State university costs about $10k a year all in.
Wait, you can pay for a CAR using student loan?
FuckTheMainstreamMedia says
State university costs about $10k a year all in.
That is a good deal, I suppose California has low college cots. Putting my daughter through 4 year college cost me $120k.
FuckTheMainstreamMedia says
State university costs about $10k a year all in.
That is a good deal, I suppose California has low college cots. Putting my daughter through 4 year college cost me $120k.
Junior College is gone. California Community Colleges now charges about $50 (for residents and illegal aliens. Out of state students pay $350) per unit. Still a bargain.
Sadly, many community colleges are wrapping up what used to be vocational certificates into "Associate Degrees"
« First « Previous Comments 25 - 64 of 73 Next » Last » Search these comments
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?