The Student Loan Crusader: How Elizabeth Warren Wants to Reduce Debt

[ill]

Yall so slow....I bet my net worth>>>>>>>>>>>>yours with all the bullshyt you talkin....All these pre conditioned assumptions and right wing talking points has eroded yalls critical thinking skills....Anyone can see that student loans is one of the GOAT hustles in American history...........

No one cares about your net worth. Ive seen you in The Coli and know what you do. Props for that elitist statement but thats not the point of this thread/article.

The article is about refinancing student debt to current lower rates. The thread is about personal responsibility and those that live within/outside their means.

Playing that victim card has eroded your critical thinking skills.

 

[Field Marshall Bradley]

Its nice to put that into a narrative that fits your agenda isn't it?

Warren is a Democrat. She looks out for the disenfranchised

I have no agenda...But anyone that can deny that coercing young people to take on a gratuitous loan due to the fact the lender will get their money unless the borrower dies, isn't thinking ethically.....not at all........Hence Liz Warren's proposed resolutions.......cause she damn sho aint doing it for me........

 

[Field Marshall Bradley]

The sign of a man who has nothing of substance to argue.

I'm glad you know I aint lying.........

 

[ill]

I have no agenda...But anyone that can deny that coercing young people to take on a gratuitous loan due to the fact the lender will get their money unless the borrower dies, isn't thinking ethically.....not at all........Hence Liz Warren's proposed resolutions.......cause she damn sho aint doing it for me........

So what exactly is your position? I'm not really following past the race card bullshyt. All i'm saying is you shouldn't take out loans that you can't fathom or repay and then expect society to take care of it for you. Just like the housing bubble forgiveness, this shyt isn't fair to those that did it the right way and lived within their means.

 

[Field Marshall Bradley]

No one cares about your net worth. Ive seen you in The Coli and know what you do. Props for that elitist statement but thats not the point of this thread/article.

The article is about refinancing student debt to current lower rates. The thread is about personal responsibility and those that live within/outside their means.

Playing that victim card has eroded your critical thinking skills.

There is no such thing as live within your means in an uber capitalist society..........Mortgage companies and banks bubbling and popping, but yet the average Joe is gonna live within their means....

If everyone lived within their means...........the state of the economy would take a precipitous dip.........and that aint about to happen

 

[Field Marshall Bradley]

So what exactly is your position? I'm not really following past the race card bullshyt. All i'm saying is you shouldn't take out loans that you can't fathom or repay and then expect society to take care of it for you. Just like the housing bubble forgiveness, this shyt isn't fair to those that did it the right way and lived within their means.

You keep talking about society, like you actually get an itemized receipt for your taxes............You aint even peeping game....You owe student loans until you die, so the govt get its money whether its through garnishments, tax refunds, social security benefits, etc.........This does and will not ever effect tax payers

 

[ill]

There is no such thing as live within your means in an uber capitalist society..........Mortgage companies and banks bubbling and popping, but yet the average Joe is gonna live within their means....

If everyone lived within their means...........the state of the economy would take a precipitous dip.........and that aint about to happen

I'm gonna jump off a bridge. Come join me?

I hate using that quote but its on point. You're just looking for society to bail you out instead of taking personal responsibility and doing what you can with what you've got. Plenty of people live within their means. Plenty of people live debt free. Its not rocket science. You're just making a plea for those that did things wrong. Guess what? There are consequences to wrong decisions. I'm sorry but thats on you, not me.

You keep talking about society, like you actually get an itemized receipt for your taxes............You aint even peeping game....You owe student loans until you die, so the govt get its money whether its through garnishments, tax refunds, social security benefits, etc.........This does and will not ever effect tax payers

The tax payers are the backers of your government loan programs. Not everyone pays their loans breh. Just cuz they own it for life doesn't mean they are getting all of their money back. You can defer payments for a long time. You can pay minimal balances. If you want to get real economic over here, then Ill say that loan repayment times greatly effect the budget. Less people paying big money now (but will later on down the road) just means less money in the budget for other things NOW.

 

[the cac mamba]

yo nobodys saying they dont have to pay them back

what the fukk issue do you dudes have with giving kids the same (lower) rate that the financial institutions are getting

 

[无名的]

I'm glad you know I aint lying.........

I don't know and I don't care.

 

[ltheghost]

Still paying off that student slave loan from law school...lol I'm good though, I don't like paying it but hey I needed the cash, so it is what it is, if Warren can reduce the debt for me and other student slaves of the system then she will get my push and extra money to run for President. But hey, I can pay my outrageous loan off in maybe a couple years if not I still can keep paying it off for the next 20 years. No biggie. I can read about people pulling themselves up by their boot straps back in the 70's and 80's paying off their $2,000 student loan and then buying a house....it just makes me laugh. It seems so outrageous. Or claiming they worked off their loan like they achieved something great on a 10,000 dollar loan. You guys have no earthly idea what real student loan debt looks like. I have a close friend who has 500,000 plus student loan debt. And she is paying it off the only way she can....working for the government (public defender) and teaching on the side... Because that is what she has to do.

 

[Kritic]

Yeah, its such a privilege that I've worked since I was 14 and worked shytty ass jobs to pay off my college tuition myself.

#inherently

 

[Field Marshall Bradley]

I don't know and I don't care.

Oh you care.............

 

[No1]

100% agreed. The educational "bubble" is being caused by people that can't think 1/3/5/10 years out. Its a give me this now and I'll think about the payment later mentality

Why are we going to reward delinquents? We don't do this in any other aspect of life so what makes college kids any different?

In regards to the OP, I'm ok with loan re-financing going forward. I see no issue if its in the contract to be able to refi for lower rates as long as you're still paying the bill. Those that didn't have it in their contract, tough shyt. If you can't afford something, you don't buy it. Its really that simple and comes down to personal responsibility. Instead of going to BC,BU,NU I went to Umass cause I knew I could afford it. I don't have 100k in debt. I have zero debt now that my cars paid off. It was my personal choice to not become indebted to the system.



Forty million people should have taken a basic economics class before they dropped 100k in the hole for a worthless liberal arts degree.

Rule of thumb: If your solution to an obvious problem is, "well I got out of it, so fukk the next guy and who cares if it's a problem" you're not going to garner much support. Even if we take what you say as true (which is laughable given the false promises and lack of information students have about college...though they should do better research as I always bring that up), that in no way excuses the ridiculous rise of the cost of college. More importantly, awareness about colleges and transparency about career outcomes is not something that was heavily reported on until recently. The idea that it is the fault of the 17 year old that the cost of college has skyrocketed in this country or that everyone can just "pay their way through" is insane. Schools have been lying about their employment data for years.

Further, there aren't that many jobs going around, especially for teenagers of color who are the most poor and have the highest unemployment rate. So yes, your example is based on white privilege without you even realizing it. (FYI: my friends have done this so it is possible). Second, very few people pay their way through community college and then graduate in 5 years after transferring. As you admitted, you took out loans. The cost of CC has risen about 40% as well. Third, the average student graduates 30k in debt not 100k so miss us with that hyperbole to try to make people look stupid.

But you miss the bigger point--this isn't about making people go through what you went through, this isn't about encouraging people to make reckless decisions (indeed every push also calls for greater transparency to allow informed decisions), and it's not "letting people off the hook" (though college should be cheaper anyway). It is about allowing the group of people in this country most likely to spend money, do so. It's about allowing an entire generation to enjoy better lives and to stimulate the economy. That trumps your notion of "the fairness" of being able to suffer equally.

 

[Robbie3000]

yo nobodys saying they dont have to pay them back

what the fukk issue do you dudes have with giving kids the same (lower) rate that the financial institutions are getting

Basically.

 

[无名的]

Oh you care.............

You're right... I do. Post all of your assets.