Yeah, you have to sign again. It's a completely new bill. If you click the link and go to FAQs, I believe it shows you the improvements and differences. I'll edit the OP to that eventually. But yeah, the last one had 1 million signatures. This new one is trying to get to 200,000 first. At like 170k.
Student Loan Consolidation and Proposals
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Yeah, you have to sign again. It's a completely new bill. If you click the link and go to FAQs, I believe it shows you the improvements and differences. I'll edit the OP to that eventually. But yeah, the last one had 1 million signatures. This new one is trying to get to 200,000 first. At like 170k.
Stop adding more debt to your children.
It will help on the surface (lowering bills) but hurt beneath it (by raising debt/deficit and prompting more devaluation of the dollar)
There is no "guarantee" that it will stimulate the economy. This is the logic behind every "stimulus", which rarely bears fruit and NEVER addresses the underlying problem. Plus there is no reason we couldn't do BOTH.... this goofy loan program has no bearing on the feasibility of a tuition capping program. In fact, the two SHOULD go hand in hand.
Tuition caps are being set all over the country. But at the same time, that's easier for a state to do than for the federal government to do and with tuition caps, states are less able to subsidize the education of in-state students off the backs of out-of-state and foreign students (but only certains schools are capable of doing that anyway). I am not against them. But that does nothing to solve the problem of the average recent college graduate rocking 27k in debt. A large portion of these people are over 30. I'd suggest you go read up on this bill before you come in with your judgments because it's obvious that you haven't read this bill or the highlights. Just your usual predisposition to your own anti-empirical and anecdotally fueled opinion.
Furthermore, with the implementation of programs designed to educate students on the return of their investment, and other rating systems, individuals will be more aware of what they can potentially get back from those degrees and will naturally gravitate towards more affordable options. We have already seen this occur with the increase in information about law schools, individuals are either not going, or going only when they have sizable scholarships or are going to top flight universities. The result is that lower-tiered schools are struggling to fill their classes. People will respond to the information if it is publicized enough, and it will be.
BUT I can't even
your comment about stimulus enough. To think that you would play a semantic game and try to somehow equate the basic concept that young people and young couples and families--when they have the disposable income--are the most prone to spend, with economic stimulus in a more top-down sense is remarkable. The current college grad made their choices and has to deal with them. My wife has paid off about $40K worth of student debt and still has ~$10K to go. We are doing OK. We don't need the government to make you and every other tax payer/dollar holder pay the rest of the balance. What is the purpose of educating people on the impact of their choices, when they will not be the ones who has to deal with the brunt of them? "You took out $200K in student loans, but will only have to pay back about a quarter of that. We will make the rest of the country pay the rest"... shyt if we are going to do that, I'd rather just make higher education free and have tuitions be capped. Im paying for it one way or another, it might as well be on my terms
Tuition caps are being set all over the country. But at the same time, that's easier for a state to do than for the federal government to do and with tuition caps, states are less able to subsidize the education of in-state students off the backs of out-of-state and foreign students (but only certains schools are capable of doing that anyway). I am not against them. But that does nothing to solve the problem of the average recent college graduate rocking 27k in debt. A large portion of these people are over 30. I'd suggest you go read up on this bill before you come in with your judgments because it's obvious that you haven't read this bill or the highlights. Just your usual predisposition to your own anti-empirical and anecdotally fueled opinion.
Furthermore, with the implementation of programs designed to educate students on the return of their investment, and other rating systems, individuals will be more aware of what they can potentially get back from those degrees and will naturally gravitate towards more affordable options. We have already seen this occur with the increase in information about law schools, individuals are either not going, or going only when they have sizable scholarships or are going to top flight universities. The result is that lower-tiered schools are struggling to fill their classes. People will respond to the information if it is publicized enough, and it will be.
BUT I can't even
Whats done is done. Existing loans should be left alone, but moving forward the govt should cap tuitions. They wouldnt even have to do it directly. They could just mandate a maximum amount of $$$ that a student can borrow either for 1 degree or per credit. Colleges would have no choice but to fall in line.
And the point about stimulus is bogus because you are making it seem like these subsidies are investments we will get back. I can think of a long list of things the govt can do for free that would help stimulate the economy way more than this.
This is when I stopped reading your post. All due respect, but none of us care about what you and your wife were fortunately able to accomplish. It's about time that you stop using anecdotal evidence in conversations with larger economic ramifications, and you keep using your and your wife as the example. That cannot be the extent of your experiences.
Those people made their decisions at a time when the economy was better and when a decade ago, college graduates made more money than current graduates and when they were actually were graduating to jobs that allowed them to pay off their loans. Also, college was cheaper then (not cheap, but cheaper just given annual increases that rise way faster than wages) and information about return on investment was not as great. The idea that college = success was 10x more prevalent than the cautionary tales of the present and there were not as many research tools.
As for the young graduates, they did nothing to bring about the economy that is making it so that most of the new jobs opening up for them are at places like McDonalds. They did not crush the economy and make employers fall back. So you're whole argument is based on nothing more than the fact that you and you wife were fortunate. That's great for you, I'm all about that :nas:.
But this is a different economy and I don't even know what's it's going to morph into. The difference between me and you is that this bill won't benefit someone like me at all most likely, but it makes sense. It's good policy. You're tacitly endorsing greatly hindering an entire generation because they rolled the dice on college. Believe me, I know some fukk ups to who did nothing with college and never knew what they wanted to be. I'm okay with helping out some fukk ups if it's part of the greater good.
On the list of things that can be done to stimulate the economy, student loan benefits are pretty damn high. Graduates with high debt-to-income ratios don't save much money and will usually spend any benefits they get from lower payments or forgiveness
That is all well and good if we were currently in a thriving economy but with things being the way they are and the outlook for the US being continuing high unemployment and a stagnant job market, there comes a time when you have to look at the situation and see that increasing the ability of people to be consumers and to save/invest is one of the most likely ways to give this shytty economy a kick in the ass.
And in the grand scheme of wasting money with little to no return, student loan forgiveness ranks pretty low on the totem pole of dumb shyt our tax dollars have been pissed away on.
We have done this time and time again just within this recession cycle alone only to come back to the same point. I agree that sometimes you have to give the economy a jump start, but we have tried that time and time again. Its time to start addressing the fundamental issues causing the economy to be weak in the first place instead of patching up the symptoms.
The difference being though is that this "stimulus" would be much likelier to provide a tangible jumpstart since it would be putting money back into actual human beings hands who would then go out and spend said money, or begin investing said money or maybe even start saving some of said money.
And there is nothing that says a helpful remedy can't be implemented while a cure is being worked on.
Kings County
Law III | Law XXV | Law XV
fukk them nikkas b
Padron1926
Pro
That is fantasy land. Why dont you just give me that said money and I'll spend it and help jumpstart the economy?
How come countries like Germany can afford for their citizens to go to college for free? 
It's because in America we have to monetize everything... everything has to be about profit, even school and healthcare. It's disgusting and demonic.
It's because in America we have to monetize everything... everything has to be about profit, even school and healthcare. It's disgusting and demonic.
ltheghost
Payin Debts.... N40
I'm just going to throw this out there..a little anarchist thinking, but how about everyone organize and not pay the loans back. I know that we will all take huge hits in credit scores and probably be thrown in jail, but if it was a massive enough movement the government might jump in and give US a bailout. Maybe I'm just wishing or thinking crazy but these fukking loans are crazy. Like we are out here doing Life sentences trying to pay this shyt back. Really? 
