Student loans paused until August 31st. Is Biden doing the right thing here?

Sad Bunny

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Will be my only comment in this thread.

But because they're predatory. They're giving out loans to people with zero credit history who aren't even old enough to smoke let alone drink with no guaranteed ROI.
Kids and their parents can choose cheaper schools though. Or shop around. Or go to community college. Or go to trade school.
There are too many alternatives and too many ways to save money and too many free resources to be dumb.
 

Heretic

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It’s in no way a trap.

people with college degrees have much larger earning potential than people with out them

People who got loans but never finished school are the ones that feel trapped

Not necessarily breh. Plenty of people have finished school and are struggling to pay loans back. Lot of other people that want to earn graduate degrees that can't afford to because of the loans and cost of it. My girl got her PhD and was paying like 500.00 a month and had to jump through all kinds of hoops to get her job to even pay part of it. They pay it in chunks like 20% per year then there's othstuff that was needed to have them spread it out to cover 12 payments instead of all going to interest.
 

CrimsonTider

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Not necessarily breh. Plenty of people have finished school and are struggling to pay loans back. Lot of other people that want to earn graduate degrees that can't afford to because of the loans and cost of it. My girl got her PhD and was paying like 500.00 a month and had to jump through all kinds of hoops to get her job to even pay part of it. They pay it in chunks like 20% per year then there's othstuff that was needed to have them spread it out to cover 12 payments instead of all going to interest.
Those are anecdotes

people with degrees out earn people without degrees and they have more opportunities to choose where and how to earn a living
 

Heretic

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Isn’t community college damn near free?

Student loans should exist but the interest should be minimal and they should be forgiven relatively quickly if you do some type of public service

Might be damn near free to you but you take a kid that has nothing and ask him to squeeze blood from a turnip then therein lies the problem.
 

Kiyoshi-Dono

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Petty Vandross.. fukk Yall
This contributes to inflation but y’all don’t care :wow:

Not happening and I don’t think it should without reform

It’s in no way a trap.

people with college degrees have much larger earning potential than people with out them

People who got loans but never finished school are the ones that feel trapped

Isn’t community college damn near free?

Student loans should exist but the interest should be minimal and they should be forgiven relatively quickly if you do some type of public service
To be this idiotic :wow:
I know your parents don’t love you:wow:
 

Wildhundreds

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Kids and their parents can choose cheaper schools though. Or shop around. Or go to community college. Or go to trade school.
There are too many alternatives and too many ways to save money and too many free resources to be dumb.


Its usually the parents throwing their kids into these traps. If anything, the parents should be responsible for those student loans.
 

UpAndComing

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Toe Jay Simpson

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I could care less about the woulda coulda shoulda of the situation

The student loan crisis is about the country’s refusal to take care of its people while using their money to take care of others. Yes, Bobbie took out 15k and got a degree in the History of Vinyl from 1953-1972. Don’t chastise him and sent a billion dollars to Israel or money to the Ukraine for some stuff that hasnt got anything to do with the people over here.
 
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