Student Loan Consolidation and Proposals

tru_m.a.c

IC veteran
Staff member
Supporter
Joined
May 1, 2012
Messages
31,462
Reputation
6,892
Daps
91,151
Reppin
Gaithersburg, MD via Queens/LI
I am against this bill as it does nothing to address the actual problem (skyrocketing tuition costs)

What happens now

Yes the issue of debt is resolved... FOR STUDENTS... but they just pass the buck to taxpayers and anyone holding dollars

Its the height of fiscal irresponsibility, can kicking and problem avoidance

Let me ask you this

How is this bill a better solution than making a law capping tuitions & tuition hikes?

exactly my sentiments
 

tru_m.a.c

IC veteran
Staff member
Supporter
Joined
May 1, 2012
Messages
31,462
Reputation
6,892
Daps
91,151
Reppin
Gaithersburg, MD via Queens/LI
I'm with you there.



your analogy doesn't jive friend

my beef would simply be, if we're admitting that this is a start, then thats also saying that we have a vision of what the end is

if they know what the complete comprehensive bill should look like "in concept," then put that shyt out now too
 

88m3

Fast Money & Foreign Objects
Joined
May 21, 2012
Messages
90,722
Reputation
3,781
Daps
161,912
Reppin
Brooklyn
my beef would simply be, if we're admitting that this is a start, then thats also saying that we have a vision of what the end is

if they know what the complete comprehensive bill should look like "in concept," then put that shyt out now too

These idiots can't even figure out how to fix the budget ceiling and what needs to be done about the dollar. They've created a never ending cycle of doom.


I think we all have an idea of what needs to be done.


I'm sure the Republicans won't go along with capping education because they hate the troops.
 

tru_m.a.c

IC veteran
Staff member
Supporter
Joined
May 1, 2012
Messages
31,462
Reputation
6,892
Daps
91,151
Reppin
Gaithersburg, MD via Queens/LI
These idiots can't even figure out how to fix the budget ceiling and what needs to be done about the dollar. They've created a never ending cycle of doom.


I think we all have an idea of what needs to be done.


I'm sure the Republicans won't go along with capping education because they hate the troops.

fukk the other guys

not worried about them....it was more of a comment toward think tanks that are actually credible
 

88m3

Fast Money & Foreign Objects
Joined
May 21, 2012
Messages
90,722
Reputation
3,781
Daps
161,912
Reppin
Brooklyn
fukk the other guys

not worried about them....it was more of a comment toward think tanks that are actually credible

Obama coming into power has really stopped the hands on the clock for a lot of things unfortunately.

It takes time for things to become popular or unpopular, get digested. No matter how practical or self serving their ideals may be. Grover Norquist anyone?
 

NkrumahWasRight Is Wrong

Veteran
Supporter
Joined
May 1, 2012
Messages
46,331
Reputation
5,925
Daps
94,012
Reppin
Uncertain grounds
:ufdup: bro life's not fair, some people get jerked over, while others prosper.

"Don't Trend on Me"



Whats fair in legality is abiding by a contract and not excluding people from legislation just because they did what they were supposed to.

The real reason for this is to push for a movement of world debt forgiveness seeing as though the USA doesnt actually have money.

This has nothing to do with life. Life not being fair is about random shyt not going your way, not movements fueled by corruption and inadequacy coming about that basically gifts 4 years tuition to people, most of which already have a job of some sort, while others who have already paid off the loans or never took them are put at a 4 years tuition worth of future assets disadvantaged, as well as the kids who will be subjected under different law altogether.

Bottom line is that if this reached the supreme court it should get voted as unconstitutional
 

88m3

Fast Money & Foreign Objects
Joined
May 21, 2012
Messages
90,722
Reputation
3,781
Daps
161,912
Reppin
Brooklyn
Whats fair in legality is abiding by a contract and not excluding people from legislation just because they did what they were supposed to.

The real reason for this is to push for a movement of world debt forgiveness seeing as though the USA doesnt actually have money.

This has nothing to do with life. Life not being fair is about random shyt not going your way, not movements fueled by corruption and inadequacy coming about that basically gifts 4 years tuition to people, most of which already have a job of some sort, while others who have already paid off the loans or never took them are put at a 4 years tuition worth of future assets disadvantaged, as well as the kids who will be subjected under different law altogether.

Bottom line is that if this reached the supreme court it should get voted as unconstitutional


You sound bitter you paid off your loans...

Don't take it out on the children.
 

TLR Is Mental Poison

The Coli Is Not For You
Supporter
Joined
May 3, 2012
Messages
46,178
Reputation
7,482
Daps
105,798
Reppin
The Opposite Of Elliott Wilson's Mohawk
And dont get me wrong I think we should have free higher education

I.e. I would be OK if my taxes went to pay for people's tuition (as it does for state schools)

But for a basic education... my college was completely tuition free, state schools are largely state + federally funded. But their (goofy) stigma keeps them accountable. Giving a kid a blank check to go to NYU is the opposite of that, its a $200K gift from the tax payer, and its completely divorcing choices from consequences

Break that $200K down over 120 months (10 years).... thats $1666/mo without interest. 100K is $833/mo. $50K is $417/mo. Per capita income of college grads starts at $45K median ($3750/mo before taxes). So you are talking a good chunk of someone's salary forever, along with a commensurate tax increase and devaluation of currency for that person and anyone else who pays taxes and uses dollars. Going back to the $200K (worst case scenario, but entirely possible + realistic, ESP if this lets kids go to grad & doctorate school), again say this kid is average, 10% of their income will be $375 (before taxes!!! is it 10% before or after taxes???).... who is going to cover the other $1300??? Why wouldn't colleges start hiking their tuitions even higher than they have, knowing now they have an implicit guarantee from the govt that the cost will be covered????????

How is this the solution :damn: This is exactly the type of fukkery yall turn a blind eye on cause its Obama... if this were presented as what it actually is... a gift to college & loan administrators... would yall be as for it? This doesn't help anybody
 

Slystallion

Live to Strive
WOAT
Supporter
Joined
May 4, 2012
Messages
13,106
Reputation
-10,453
Daps
17,425
What would this do for current students? Somehow somebody will get screwed. Past students get forgiven but then current students have to pay? At that rate you set a bad precedent and it might as well be nationalized College and then it devalues a college education and everyone will have to get masters and doctorates for a decent paying job.

Stop asking for handouts barn one...college loans already are pretty forgiving with fore be a forbearance and deferments
 

TLR Is Mental Poison

The Coli Is Not For You
Supporter
Joined
May 3, 2012
Messages
46,178
Reputation
7,482
Daps
105,798
Reppin
The Opposite Of Elliott Wilson's Mohawk
What would this do for current students? Somehow somebody will get screwed. Past students get forgiven but then current students have to pay? At that rate you set a bad precedent and it might as well be nationalized College and then it devalues a college education and everyone will have to get masters and doctorates for a decent paying job.

Stop asking for handouts barn one...college loans already are pretty forgiving with fore be a forbearance and deferments
College loans are not forgiving

But thats not even the issue

College loans shouldn't even be necessary

A semester of 15 credits shouldn't cost more than ~$3,000 for tuition + books

I think we need to get away from this idea that college should be this grand transcendental experience in a state of the art dorm on $1000/mo meal plans catered by Whole Foods on facilities that get rebuilt & upgraded every 3 yrs

Low ranking expensive private schools are "buying" students with amenities they pay for with loans, rather than the quality of the education :facepalm: Because you can't sell a 17 year old on academics as quickly as you can sell them on a game room or movie theater

If people actually had to deal with the cost of tuition in the present, i.e. by only being able to borrow ~$5K/semester, colleges would have to follow suit and we would all be better off for it

The whole system is criminal
 
Top