2020 Democratic Primary Thread: Focus on House & Senate races

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NkrumahWasRight Is Wrong

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ill said:
I cant wait for them to refund my college tuition from a decade ago :blessed:

Dudes in here really arguing that posters that took out 300k in loans should just be given a free pass. :francis:
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My dad refinanced the house to cover tuition that my scholarship didnt cover (i didnt know that until recently). Hes still working full time and hes 70. The argument of a tax credit or something for people who did things like that definitely has merit.
 
A.R.$

A.R.$

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ill said:
I cant wait for them to refund my college tuition from a decade ago :blessed:

Dudes in here really arguing that posters that took out 300k in loans should just be given a free pass. :francis:
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This just lets me know you didn’t really read what I posted. But beside that it is not just “dudes in here” who support it. The majority of Americans support this policy
Majority of voters support free college, eliminating student debt

Elizabeth Warren’s Student Debt Forgiveness Plan Popular With Voters


Election 2020: Democrats focus on student loan debt. Do voters care?
 
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A.R.$ said:
First,
It combined student loan debt with my wife

Second,
These issues are not as simple as you are trying to make them. Me and my wife both have graduate degrees. I have a MBA, and she went to pharmacy school. For certain jobs and positions grad school is mandatory.

Third,
It is not that we can’t afford it. We are both paying our debt. But it hurts credit scores when you have a high amount of debt. That lead to having to pay higher interest rates on car notes and other things. It makes it harder to buy a house. It is just an economic burden. It is money that we could be saving or going to somewhere else.

Lastly,
This is a new problem. Past generations Were able to go to college fairly cheap. We are the first generation (along with some younger generation Xer) dealing with sky high student loan debt. If it is not addressed it will have devastating economic consequences for this country in the future.
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Not sure how much pharmaceutical school is but an MBA shouldnt be that high in terms of cost. I have mine and my friends do too and nobody has that kind of debt, around their MBA. As well I dont know the cost of the other half of the debt.

I agree relief of student debt would help tremendously though.
 
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ill

ill

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Chef Mello said:
My dad refinanced the house to cover tuition that my scholarship didnt cover (i didnt know that until recently). Hes still working full time and hes 70. The argument of a tax credit or something for people who did things like that definitely has merit.
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Agreed. IMO, its a non-starter without tax credits for those that followed through on their financial obligations and paid off their loans. Like @the cac mamba said earlier, people that made tough choices to not be in lifelong debt (going to cheaper schools, going to state schools, etc) are basically punished for being smart and the dumbasses that took out loans for worthless degrees get rewarded. Doesnt sit right. Neither does the outrageous cost of college but theres gotta be some better middle ground.
 
ill

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A.R.$ said:
This just lets me know you didn’t really read what I posted. But beside that it is not just “dudes in here” who support it. The majority of Americans support this policy
Majority of voters support free college, eliminating student debt

Elizabeth Warren’s Student Debt Forgiveness Plan Popular With Voters


Election 2020: Democrats focus on student loan debt. Do voters care?
Click to expand...

I didn't read but i glanced over your post. Wasn't exactly getting at you about this but your example popped up first on the page i was reading.

So few things. I don't think the public should be on the hook for the loans that you voluntarily accepted. You stated both were for post-graduate degrees so you cant say you were young and dumb and didn't know better. You took out the loans because you figured out the ROI is worth it. Your wife has a pharma degree which means she's making minimum 120k in most markets. She will have the ability to pay back her debts. Pretty much the same for your MBA. So you took out loans willingly and you have the ability to repay but we should just forgive it so you can speed up your timeline on buying a house etc? I dont know...doesnt seem very reasonable to me.

Also while we're at it..the proposals are for free state schools. Most worthwhile MBA and Pharma degrees are at private schools, which aren't gonna be free either way.
 
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dora_da_destroyer

dora_da_destroyer

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Arbitrage! said:
Whistle all you want I have mine and friends have theirs and are debts are no near that, and I work in a field where it is damn near required to have one and haven't heard a story where I would step back and say wow that debt is high for an MBA.

There is no excuse for not being pragmatic about the cost of education.
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Great for you...those price tags exist and some people have debt that high
 
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ill said:
I didn't read but i glanced over your post. Wasn't exactly getting at you about this but your example popped up first on the page i was reading.

So few things. I don't think the public should be on the hook for the loans that you voluntarily accepted. You stated both were for post-graduate degrees so you cant say you were young and dumb and didn't know better. You took out the loans because you figured out the ROI is worth it. Your wife has a pharma degree which means she's making minimum 120k in most markets. She will have the ability to pay back her debts. Pretty much the same for your MBA. So you took out loans willingly and you have the ability to repay but we should just forgive it so you can speed up your timeline on buying a house etc? I dont know...doesnt seem very reasonable to me.

Also while we're at it..the proposals are for free state schools. Most worthwhile MBA and Pharma degrees are at private schools, which aren't gonna be free either way.
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I mean, that’s everything we’re taxed for. Stage one of accepting taxes is accepting that a chunk of your check is gone off rip, stage two, accepting what that chunk goes to doesn’t always benefit you.


I’m paying taxes for snap, wic, head start, section 8, Medicare, Medicaid, public schools, etc that I don’t use/wouldn’t even qualify for, paying taxes for unemployment programs that would no where near replace my income if I were laid off...it is what it is. Every use of your tax dollars isn’t of benefit to you.
 
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dora_da_destroyer said:
Great for you...those price tags exist and some people have debt that high
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Point is they shouldn't when it comes to an MBA period. It's a simple cost-benefit analysis. I can't be crying about something when I knew the ramifications ahead of time.

Like I said before there is no excuse for not being pragmatic especially when it comes to MBA and the cost.
 
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dora_da_destroyer said:
I mean, that’s everything we’re taxed for. Stage one of accepting taxes is accepting that a chunk of your check is gone off rip, stage two, accepting what that chunk goes to doesn’t always benefit you.


I’m paying taxes for snap, wic, head start, section 8, Medicare, Medicaid, public schools, etc that I don’t use/wouldn’t even qualify for, paying taxes for unemployment programs that would no where near replace my income if I were laid off...it is what it is. Every use of your tax dollars isn’t of benefit to you.
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Ex-fukking-catly

You could also argue that the higher wage you command with an MBA further feeds these tax shelters that you don’t directly see benefit from.
 
A.R.$

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Arbitrage! said:
Not sure how much pharmaceutical school is but an MBA shouldnt be that high in terms of cost. I have mine and my friends do too and nobody has that kind of debt, around their MBA. As well I dont know the cost of the other half of the debt.
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See my other post responding to @Loose. I think some of y’all are getting confused because I am using the term combined debt. Combined debt includes undergraduate loans as well. So our debt is both of our undergraduate degrees, my MBA, and her 4 years of pharmacy schools. The majority of the debt is from her pharmacy degree. However even without her pharmacy degree the same principles of the argument remains.
 
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