Pokebball Posted May 25, 2023 Share Posted May 25, 2023 1 minute ago, BillStime said: I paid 100% of my student loan debt and interest during the time I owned it. How did this ever become a controversial thing? 2 Link to comment Share on other sites More sharing options...
BillStime Posted May 25, 2023 Share Posted May 25, 2023 4 minutes ago, Pokebball said: I paid 100% of my student loan debt and interest during the time I owned it. How did this ever become a controversial thing? I paid mine, too. If we can forgive PPP loans (and lose track of $100 BILLION); we can forgive those who need it. Link to comment Share on other sites More sharing options...
Pokebball Posted May 25, 2023 Share Posted May 25, 2023 4 minutes ago, BillStime said: I paid mine, too. If we can forgive PPP loans (and lose track of $100 BILLION); we can forgive those who need it. You can't compare world pandemic economic recovery programs that were designed to be forgiven to every day loans we've had for decades. Student loans? How 'bout mortgages? How 'bout car loans? How about blue collar small business loans for the guy that changes your oil? The right bipartisan vote on this one! 1 1 Link to comment Share on other sites More sharing options...
Gregg Posted May 25, 2023 Share Posted May 25, 2023 13 minutes ago, Pokebball said: I paid 100% of my student loan debt and interest during the time I owned it. How did this ever become a controversial thing? Same. Let's be clear. This isn't student loan forgiveness. This is just transferring the loan to the taxpayer. Why should people who have nothing to do with the loan have to pay for it. Just a vote buying scheme by Biden. 2 2 Link to comment Share on other sites More sharing options...
Roundybout Posted May 25, 2023 Share Posted May 25, 2023 8 minutes ago, Pokebball said: You can't compare world pandemic economic recovery programs that were designed to be forgiven to every day loans we've had for decades. Student loans? How 'bout mortgages? How 'bout car loans? How about blue collar small business loans for the guy that changes your oil? The right bipartisan vote on this one! Why? im not thrilled with the policy, but you can’t deny that massive student debt is hampering young Americans’ ability to have kids and start their lives 1 Link to comment Share on other sites More sharing options...
BillStime Posted May 25, 2023 Share Posted May 25, 2023 1 minute ago, Roundybout said: Why? im not thrilled with the policy, but you can’t deny that massive student debt is hampering young Americans’ ability to have kids and start their lives bingo Link to comment Share on other sites More sharing options...
Pokebball Posted May 25, 2023 Share Posted May 25, 2023 6 minutes ago, Roundybout said: Why? im not thrilled with the policy, but you can’t deny that massive student debt is hampering young Americans’ ability to have kids and start their lives Then why not any other debt of a taxpayer? Why chose just one type of debt or one demographic? Why? Link to comment Share on other sites More sharing options...
sherpa Posted May 25, 2023 Share Posted May 25, 2023 3 minutes ago, Roundybout said: Why? im not thrilled with the policy, but you can’t deny that massive student debt is hampering young Americans’ ability to have kids and start their lives How 'bout they start their lives by living up to obligations they committed to? This situation is analogous to the border situation. If we continue to allow failed governments to send their people here, we fail to solve the problem, which is those failed governments that need to be fixed internally. If we forgive promissory, legally binding obligations, we fail to solve the problem of ridiculously inflated college tuition costs. It is not the US taxpayers burden to solve other problems. 2 1 Link to comment Share on other sites More sharing options...
Roundybout Posted May 25, 2023 Share Posted May 25, 2023 1 minute ago, sherpa said: How 'bout they start their lives by living up to obligations they committed to? This situation is analogous to the border situation. If we continue to allow failed governments to send their people here, we fail to solve the problem, which is those failed governments that need to be fixed internally. If we forgive promissory, legally binding obligations, we fail to solve the problem of ridiculously inflated college tuition costs. It is not the US taxpayers burden to solve other problems. I guess, but it’s becoming an economic problem either way. Many degrees nowadays require very expensive equipment, which drives up college costs. It’s not like the old days where your equipment was a slide rule and a lab coat; computer science labs need to have the most cutting edge equipment. 2 minutes ago, Pokebball said: Then why not any other debt of a taxpayer? Why chose just one type of debt or one demographic? Why? Because it is negatively affecting the generation that’s supposed to inherit the country from the boomers and Gen Xers 1 1 Link to comment Share on other sites More sharing options...
Pokebball Posted May 25, 2023 Share Posted May 25, 2023 1 minute ago, Roundybout said: Because it is negatively affecting the generation that’s supposed to inherit the country from the boomers and Gen Xers At the expense of blue collar boomers and Gen Xers? You realize that there are more boomers and gen xers without degrees than there are with, right? Link to comment Share on other sites More sharing options...
Pokebball Posted May 25, 2023 Share Posted May 25, 2023 1 minute ago, SUNY_amherst said: "IF you have student loan debt".... basically every tax contributing American from 25-45 13% of americans have student loan debt, compared to 100% of basically every tax contributing american that has some kind of debt 8 minutes ago, Roundybout said: I guess, but it’s becoming an economic problem either way. Many degrees nowadays require very expensive equipment, which drives up college costs. It’s not like the old days where your equipment was a slide rule and a lab coat; computer science labs need to have the most cutting edge equipment. Because it is negatively affecting the generation that’s supposed to inherit the country from the boomers and Gen Xers Accountability is a negative for 13% of americans? LOL Link to comment Share on other sites More sharing options...
SoCal Deek Posted May 25, 2023 Share Posted May 25, 2023 2 minutes ago, SUNY_amherst said: keyword "tax contributing".. if you are 25-45 without a college degree, you likely are too poor to be taxed What the? You didn’t honestly just say that did you? Geeez! Link to comment Share on other sites More sharing options...
Pokebball Posted May 25, 2023 Share Posted May 25, 2023 1 minute ago, SUNY_amherst said: keyword "tax contributing".. if you are 25-45 without a college degree, you likely are too poor to be taxed I don't ever expect you to agree with holding a person accountable for their personal debt. We obviously grew up in different cultures. Great decision by the House on a bipartisan vote. Send 'em a personal donation! Link to comment Share on other sites More sharing options...
Roundybout Posted May 25, 2023 Share Posted May 25, 2023 9 minutes ago, Pokebball said: At the expense of blue collar boomers and Gen Xers? You realize that there are more boomers and gen xers without degrees than there are with, right? Yeah, and the economy has shifted completely since those heydays. A degree is necessary for a majority of professions. Link to comment Share on other sites More sharing options...
Pokebball Posted May 25, 2023 Share Posted May 25, 2023 Just now, SoCal Deek said: What the? You didn’t honestly just say that did you? Geeez! What world do some of these folks live in? Link to comment Share on other sites More sharing options...
Pokebball Posted May 25, 2023 Share Posted May 25, 2023 Just now, Roundybout said: Yeah, and the economy has shifted completely since those heydays. A degree is necessary for a majority of professions. Not in my world. But even so, repay your debt. 1 minute ago, SUNY_amherst said: Did you reply to my comment on accident or something? how is that a rebuttal to anything I said. Its cool if you made a mistake and meant that for someone else ignore it then Link to comment Share on other sites More sharing options...
Pokebball Posted May 25, 2023 Share Posted May 25, 2023 Just now, SUNY_amherst said: gladly. and you continue ranting nonsensically lol I don't feel the ignore...should I? 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted May 25, 2023 Share Posted May 25, 2023 Did jokers moronic attempt to lower the repayment amount from 10% to 5% survive? Wouldn't doubt the fool would just make the problem way worse for people that though they were getting free. Link to comment Share on other sites More sharing options...
SoCal Deek Posted May 25, 2023 Share Posted May 25, 2023 37 minutes ago, Pokebball said: What world do some of these folks live in? Ya got me….on my street alone there are a number of people who didn’t go to college and they have garages worth more than SUNYs entire house! 3 1 Link to comment Share on other sites More sharing options...
Orlando Tim Posted May 26, 2023 Share Posted May 26, 2023 11 minutes ago, SUNY_amherst said: how would you even know that Because you live in Buffalo and property there is cheap. 2 Link to comment Share on other sites More sharing options...
BillStime Posted July 14, 2023 Share Posted July 14, 2023 Link to comment Share on other sites More sharing options...
Gregg Posted July 14, 2023 Share Posted July 14, 2023 48 minutes ago, BillStime said: This is just a vote buying scheme by Biden. It will lose in court again. People will fall for it, but the Supreme Court already said no. Nothing to see here. Besides the executive branch doesn't control the spending, the House does. 2 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted July 14, 2023 Share Posted July 14, 2023 4 minutes ago, Gregg said: This is just a vote buying scheme by Biden. It will lose in court again. People will fall for it, but the Supreme Court already said no. Nothing to see here. Besides the executive branch doesn't control the spending, the House does. No. As I understand it, this is a loosening of the controls on who qualifies for income-based/public-service based loan forgiveness. In other words, something people were promised when they took out the loan. So not the same thing. 1 Link to comment Share on other sites More sharing options...
ChiGoose Posted July 14, 2023 Share Posted July 14, 2023 (edited) 6 minutes ago, Gregg said: People will fall for it, but the Supreme Court already said no. SCOTUS said that the President doesn't have the authority to cancel student loan debt under the HEROES Act. The details of this policy have not been released yet, but I very much doubt that it is also grounded in that law. Edited July 14, 2023 by ChiGoose 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted July 14, 2023 Share Posted July 14, 2023 Just now, ChiGoose said: SCOTUS said that the President doesn't have the authority to cancel student loan debt under the HEROES Act. The details of this policy have not been released yet, but I very much doubt that it is also grounded in that law. Correct. There are lots of reports showing that the government made the promised student loan forgiveness ridiculously difficult to obtain. Whether that policy (income based/public service based) loan forgiveness is a good one is a different question. But I see no legal/constitutional objections to what they're doing now. 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted July 14, 2023 Share Posted July 14, 2023 18 minutes ago, The Frankish Reich said: Correct. There are lots of reports showing that the government made the promised student loan forgiveness ridiculously difficult to obtain. Whether that policy (income based/public service based) loan forgiveness is a good one is a different question. But I see no legal/constitutional objections to what they're doing now. What I find interesting is that the two biggest eligible categories as described in the Tweet are public servants and people with disabilities. The former seems well intentioned. Although the biggest number of recipients would have to be teachers whose salaries are of course paid by the State not federal government so it would seem that’s where the forgiveness should come from. 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted July 14, 2023 Share Posted July 14, 2023 Just now, SoCal Deek said: What I find interesting is that the two biggest eligible categories as described in the Tweet are public servants and people with disabilities. The former seems well intentioned. Although the biggest number of recipients would have to be teachers whose salaries are of course paid by the State not federal government so it would seem that’s where the forgiveness should come from. I agree. As a federal employee at various times, I'll note (as I reminded younger workers of many times over the years) that the public sector loan forgiveness is not something that my generation had. Basically it's a ten-year commitment, and I've known a lot of government employees who get over $100,000 of student loan debt discharged. In other words, all the kids complaining about their high debt burden? Check out all those government jobs going unfilled. The downside: you actually have to work. Your career as a budding film maker or full-time influencer may have to wait. 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted July 14, 2023 Share Posted July 14, 2023 1 minute ago, The Frankish Reich said: I agree. As a federal employee at various times, I'll note (as I reminded younger workers of many times over the years) that the public sector loan forgiveness is not something that my generation had. Basically it's a ten-year commitment, and I've known a lot of government employees who get over $100,000 of student loan debt discharged. In other words, all the kids complaining about their high debt burden? Check out all those government jobs going unfilled. The downside: you actually have to work. Your career as a budding film maker or full-time influencer may have to wait. I have no idea why the loan has to be ‘forgiven’ at all. If you’re a teacher, and your union is in there fighting for all sorts of benefits, why not fight for the District to pay off your loan? I’m guessing it’d be a great recruitment tool, even for young professionals who hadn’t considered going into teaching in the first place. Link to comment Share on other sites More sharing options...
unbillievable Posted July 17, 2023 Share Posted July 17, 2023 The average student loan debt is $28k. (bachelors) and $40k overall. The average car loan is $26k (used) and $40k (new). Looks pretty close... So why are students loans considered a national crisis that will ruin a person's life through crushing debt that they can never hope to repay, ... ...but a car loan can be paid off in 4 to 6 years, with new loans being taken again and again every decade? 1 Link to comment Share on other sites More sharing options...
boyst Posted August 16, 2023 Share Posted August 16, 2023 @Pasta Joe please bring your low intelligence on this here PPP was voted legally and soudly by Congress and the house. The student forgiveness people are discussing and obfuscating is something done by executive fiat which is not the legal process. Your emotional feels on this are irrelevant. *hugs and kisses* 2 Link to comment Share on other sites More sharing options...
ALF Posted August 16, 2023 Share Posted August 16, 2023 When your income is too low the payments go to $0 a month ? My question when your income increases to make payments again did the loan keep going up with interest while not making payments ? thanks Link to comment Share on other sites More sharing options...
Tommy Callahan Posted August 16, 2023 Share Posted August 16, 2023 3 hours ago, ALF said: When your income is too low the payments go to $0 a month ? My question when your income increases to make payments again did the loan keep going up with interest while not making payments ? thanks Thats kind of the entire reasoning for the price and bubble. people are not paying the min and the interest charges keep climbing. (that and the amount of dropouts) Its why many saw bidens move from 10% of discretionary for repayment, changed to 5% as making the problem worse long term. Strongest force in nature, is compounding interest. 1 Link to comment Share on other sites More sharing options...
Doc Posted August 16, 2023 Share Posted August 16, 2023 I'm still amazed how unscathed colleges and universities have been in this whole debacle. They're the ones charging and receiving the tuition, and raising it every year. 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted August 16, 2023 Share Posted August 16, 2023 Just now, Doc said: I'm still amazed how unscathed colleges and universities have been in this whole debacle. They're the ones charging and receiving the tuition, and raising it every year. I agree….but only sort of….if customers keep flooding your restaurant no matter how much you raise the prices on your menu….do you blame the restaurant? 1 1 Link to comment Share on other sites More sharing options...
Over 29 years of fanhood Posted August 16, 2023 Share Posted August 16, 2023 13 minutes ago, SoCal Deek said: I agree….but only sort of….if customers keep flooding your restaurant no matter how much you raise the prices on your menu….do you blame the restaurant? If you close your eyes you can hear just the ‘real men of genius’ anthem playing while a rich tv voice over says… “And here’s to Joe business guy who realizes that things you can buy with easily borrowed money inflate rapidly in cost over time.” 2 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted August 16, 2023 Share Posted August 16, 2023 4 minutes ago, Over 29 years of fanhood said: If you close your eyes you can hear just the ‘real men of genius’ anthem playing while a rich tv voice over says… “And here’s to Joe business guy who realizes that things you can buy with easily borrowed money inflate rapidly in cost over time.” Most things in life aren’t complicated. It’s amazing how many drinks and appetizers are bought for the table when someone down at the end says “it’s on the company tonight”. 1 1 Link to comment Share on other sites More sharing options...
Doc Posted August 16, 2023 Share Posted August 16, 2023 54 minutes ago, SoCal Deek said: I agree….but only sort of….if customers keep flooding your restaurant no matter how much you raise the prices on your menu….do you blame the restaurant? Yeah but no one's demanding that others pay for their meal. Link to comment Share on other sites More sharing options...
SoCal Deek Posted August 16, 2023 Share Posted August 16, 2023 Just now, Doc said: Yeah but no one's demanding that others pay for their meal. Colleges are demanding their customers pay the bill? I’d hope/expect that they would! All businesses have collection agencies when an outstanding balance persists. Link to comment Share on other sites More sharing options...
Doc Posted August 16, 2023 Share Posted August 16, 2023 10 minutes ago, SoCal Deek said: Colleges are demanding their customers pay the bill? I’d hope/expect that they would! All businesses have collection agencies when an outstanding balance persists. No people are demanding others pay their college loans. Link to comment Share on other sites More sharing options...
SoCal Deek Posted August 16, 2023 Share Posted August 16, 2023 10 minutes ago, Doc said: No people are demanding others pay their college loans. Yes, I’m aware, but you’d mentioned you were amazed that colleges weren’t being held responsible. Other than the fact that sell ridiculously worthless degrees in majors that are a total waste of time, talent and resources, I’m not sure they are the culprit here. I could’ve almost bought the liberal line of bullshite when they told us banks were preying on the least intelligent among us during the housing bubble….but college students? I thought they were supposed to be most intelligent! No? Link to comment Share on other sites More sharing options...
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