We Must Cancel Everyone’s Student Debt, for the Economy’s Sake

[MMS]

Were talking about government and non profits

All of this can and should be regulated. You just have congress that has no grasp or care for this issue

We arent talking government or "non-profits"

you're looking to cancel student loan debt for students who can't repay. Better discussion is why are students accepting expensive colleges when they can't afford the loans they are signing up for?

at some point you have to look at the borrower and ask: "if you know you're going to have to repay $20-$100K and the major you've chosen will only get you a job paying X, why are you gambling with your life?"

The biggest issue with it all is the misconception of: Get a Degree and Good Grades --> Get a Good Job --> Pay it off and eat

^^^^^That is the problem

Jobs are the least effective way of getting paid but noone says shyt about that do they

 

[CrimsonTider]

We arent talking government or "non-profits"

you're looking to cancel student loan debt for students who can't repay. Better discussion is why are students accepting expensive colleges when they can't afford the loans they are signing up for?

at some point you have to look at the borrower and ask: "if you know you're going to have to repay $20-$100K and the major you've chosen will only get you a job paying X, why are you gambling with your life?"

The biggest issue with it all is the misconception of: Get a Degree and Good Grades --> Get a Good Job --> Pay it off and eat

^^^^^That is the problem

Jobs are the least effective way of getting paid but noone says shyt about that do they

No, we’re talking about govt ignoring the price gauging going on by colleges.

The situation will demand their attention when the holders of all the student impact the movement of the economy

No one knows they can’t afford the loans at 18.

 

[Pressure]

The biggest issue with it all is the misconception of: Get a Degree and Good Grades --> Get a Good Job --> Pay it off and eat

^^^^^That is the problem

Jobs are the least effective way of getting paid but noone says shyt about that do they

People with degrees earn more over their lifetime than those who don't.

 

[MMS]

No, we’re talking about govt ignoring the price gauging going on by colleges.

The situation will demand their attention when the holders of all the student impact the movement of the economy

No one knows they can’t afford the loans at 18.

^^^^Now you're talking, this is where the scam starts and ends

People with degrees earn more over their lifetime than those who don't.

do they? or is this from historical projections?

I'd keep in mind that the people who ate well from the 40s-90s lived under considerably different economic conditions (far less competition for college grads)

the more college grads there are the less value being a college grad becomes....

 

[the cac mamba]

What does more people going to college than should mean?

College shouldn’t be a luxury.

More people should be in college.

that actually isnt true depending on how you're defining 'college'

far more kids should be going into trade school, or just not going at all, than going 30k in debt for these bullshyt degrees

 

[MMS]

that actually isnt true depending on how you're defining 'college'

far more kids should be going into trade school, or just not going at all, than going 30k in debt for these bullshyt degrees

more people should be considering what they can offer society in the form of a product or service as opposed to selling time to existing businesses

 

[hashmander]

certain schools shouldn't even be eligible for financial aid and federally backed student loans. they would go out of business if only students who had the cash or have private student loans could attend their shytty schools.

 

[Pressure]

^^^^Now you're talking, this is where the scam starts and ends


do they? or is this from historical projections?

I'd keep in mind that the people who ate well from the 40s-90s lived under considerably different economic conditions (far less competition for college grads)

the more college grads there are the less value being a college grad becomes....

Even under current projections.

The problem is it creates a natural requirement to go to college, but it also helps to play into many of the artificial barriers put in place.

Students should be better informed about their decisions and options prior to enrolling to college. Costs should be kept down. Elected officials shouldn't cut public education funding that is then passed onto students to make up for their other budget mismanagement.

That said, the loan system is currently highly problematic For reasons of its own making and the education market itself.

 

[CrimsonTider]

that actually isnt true depending on how you're defining 'college'

far more kids should be going into trade school, or just not going at all, than going 30k in debt for these bullshyt degrees

Why should more kids be going into trade school?

 

[the cac mamba]

Why should more kids be going into trade school?

because it's cheaper, less risk, and usually gives you a skill set that's in demand anywhere

if you know that you want to be a chemical engineer, you should go to college. if you didn't do great in high school, and you're going to undergrad to 'study business', or one of those bullshyt english degrees, you might not be making the best choice, given the trends

 

[hashmander]

Why should more kids be going into trade school?

because the trades are in demand and not everyone is cut out for college.

 

[MMS]

Why should more kids be going into trade school?

demand

 

[CrimsonTider]

demand

There’s demand for college graduates too

 

[CrimsonTider]

because the trades are in demand and not everyone is cut out for college.

Not everyone is cut out for trade school

 

[CrimsonTider]

because it's cheaper, less risk, and usually gives you a skill set that's in demand anywhere

if you know that you want to be a chemical engineer, you should go to college. if you didn't do great in high school, and you're going to undergrad to 'study business', or one of those bullshyt english degrees, you might not be making the best choice, given the trends

That doesn’t mean trade school is the solution