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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.
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.
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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?