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Forum » Someone please explain to the rest of the class why student loan debt is supposed to
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Thread: Someone please explain to the rest of the class why student loan debt is supposed to

post 1598361041 02-23-2020, 03:11 PM
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#31
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Originally Posted By proteinsnake⏩
Because 18 year olds are taking out 40k loans due to societal pressure and the job market isn't prosperous enough to get all these people a job good enough to pay it back. ... Helping kids pay back the loans is only a band-aid. The real solution is to lower tuition prices drastically and improve the job market.
I'm not trying to be sarcastic here, but how much better can the job market for college graduates possibly get?

Trump has poured historic amounts of money into the economy to make sure the job market continues to roid rage through the rest of his term. We're about as close to full employment as we can possibly get and the growth isn't accruing to Uber drivers.
Nah, fukk that. I’m not doing that.
post 1598362191 02-23-2020, 03:33 PM
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Originally Posted By ANumber1⏩
There's research out there indicating that 12% of Sanders supporters voted for Trump after Sanders lost the primary, and that often accounted for more than double the margin by which Trump flipped important Rust Belt states that typically voted blue. It's less clear how much impact Republicans defecting to Clinton had, but either way, it's a weird situation in which a bunch of barely-employable people actually take both candidates at face value when they promise them they're going to bring back a world of getting through life on middling factory jobs with high school diplomas. I can tell you my own county, just like those Rust Belt states, voted Democratic in every election after Reagan, voted for Sanders in the primary, then voted for Trump. That happened in a *ton* of places. Trade union leadership had no idea what to do.



LOL if people think wealthy Americans are going to stay in this country to pay for this. If it hits in my lifetime, I'm not even totally sure I will andI'm squarely middle-class with ancestors who fought in the revolution.
Cheers.

Where are you going though? Costa Rica is still quite possible for a lot of people. Spain and Portugal have some good points.

On my mom's side:

https://www.wikitree.com/wiki/Fincher-120
Francis Fincher is on the ancestor roster for the Colonial Dames XVIIth Century. According to the listing, Francis Fincher migrated to Pennsylvania in 1683. Francis Fincher was a landowner in 1682 and a member of the PA Assembly.[11] Francis Fincher died in August 1684 at Pennsylvania.[12] His wife Mary Achelly died after 1689.[13]
Served in the Revolutionary War:



Moved into Bell County, TX between 1870 and 1880:



Dad's family has been here since before the Revolution too, just don't have the records handy.
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post 1598362221 02-23-2020, 03:34 PM
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5+ trillion on wars
40+ billion in guaranteed aid to Israel (who has universal healthcare)
Drug War
Prisons

but but we can't afford it.

**** that.

America FIRST. You are totally cuck if you'd rather your tax dollars go wars for Israel, Saudis, corporate interests, etc., than actual Americans.
post 1598362421 02-23-2020, 03:37 PM
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Lol, lmfao
post 1598363371 02-23-2020, 03:56 PM
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Originally Posted By katya422⏩
Where are you going though? Costa Rica is still quite possible for a lot of people. Spain and Portugal have some good points.
We could be talking about something 10+ years out or something that doesn't happen during our lifetimes at all, but the irony of this is that emigration isn't really an option for a lot of Americans who did not go to college. So the households that generally are most burdened by student loan debt and also the bulk of the net taxpayers are the households that are best positioned to expatriate and saddle blue-collar workers with the bill for all the deficit spending.

Purely as a hypothetical, though, I'm in South America now and there would really be no practical obstacles to living here and continuing to get paid to work remotely in USD to live very comfortably, and in fact, more comfortably than I do in the US on less money. The law, as currently structured, would also allow me to travel indefinitely and effectively pay income tax nowhere without renouncing my citizenship. So if things get chit,I'mbasically fine and can more or less do what I want within reason until things shake out. It's the folks that flipped on the "establishment" for Sanders/Trump and accelerated crisis because they had no alternatives that'll take it in the shorts, because they still have no alternatives.

Worst-case, the buy-in price for a passport to a lot of mediocre tropical countries is low six-figures.

Re: the revolution, I have the attestation from Pittsylvania County where my original Scottish ancestor and all his sons signed the oath of allegiance together. I believe two of them were together at Valley Forge.
Nah, fukk that. I’m not doing that.
post 1598363561 02-23-2020, 04:00 PM
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Look at who complains the most about student loan debt. Women and other 'protected' classes. Then, you'll see why it is a national 'issue'
post 1598363721 02-23-2020, 04:03 PM
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Originally Posted By Jestbrah⏩
people that say this argument piss me off more than people arguing for handouts. You made the choice to get loans, then you made the choice to pay them ontime and now are living debt free, but you STILL want to complain about something "well wheres my piece of the pie?" Its already ****ing history man, you did the time, you paid your dues, now you are at another point in your life, if you dont want to pay higher taxes thats understandable but stop bitching about "well i had to pay it so so should everyone else" OK boomer, lets hear about how you had to walk 3 miles uphill in the snow to get to 2nd grade and duck and cover drills from WW2
Lol I’m 27, not 50, haven’t changed my age on my profile yet.

And how is it not a reasonable argument?
The whole point of the post was to point out the fact that the student loan debt isn’t a national crisis, but a personal one.
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post 1598363751 02-23-2020, 04:03 PM
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kids who don't understand money and have never owned assets or seen taxes rape them caused this
post 1598363841 02-23-2020, 04:05 PM
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Originally Posted By ****BIRD75⏩
5+ trillion on wars
40+ billion in guaranteed aid to Israel (who has universal healthcare)
Drug War
Prisons

but but we can't afford it.

**** that.

America FIRST. You are totally cuck if you'd rather your tax dollars go wars for Israel, Saudis, corporate interests, etc., than actual Americans.
I don’t want any of it going anywhere. It would be nice to accrue wealth without paying for some politicians pipe dream.
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post 1598364951 02-23-2020, 04:26 PM
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We already pay for K-12. The real solution is not to pay for more years of schooling, but to accelerate the education we already pay for. There is no reason that schools shouldn't be able to cover all high school material by 9th grade. Then let kids pick a major and focus on that for 9-12. Problem solved.
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post 1598365791 02-23-2020, 04:40 PM
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Originally Posted By Astyanax⏩
We already pay for K-12. The real solution is not to pay for more years of schooling, but to accelerate the education we already pay for. There is no reason that schools shouldn't be able to cover all high school material by 9th grade. Then let kids pick a major and focus on that for 9-12. Problem solved.
That is actually a cool idea. I would also throw in some basic financial coursework and instead of Half a** teaching different sports in PE why not just strength and conditioning, not necessarily with an external load but something along those lines? Just a thought.
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post 1598366601 02-23-2020, 04:51 PM
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Originally Posted By BeginnerGainz⏩
Lol I’m 27, not 50, haven’t changed my age on my profile yet.

And how is it not a reasonable argument?
The whole point of the post was to point out the fact that the student loan debt isn’t a national crisis, but a personal one.
not when that personal crisis is on such a massive scale that its effecting damn near 50% of the 18-30 year old population and causing issues in all sorts of economy elsewhere with that population, possibly causing another housing crisis, consumerism issues, large scale banking issues, etc...

Yes people "chose" to put themselves in that situation, but lets be serious, most 18 year olds committing to loans have no fuking clue how the world works or how loans work trust me i work in a college, and most parents are advising their children to take out as many loans as they need to get through school because the 50-65 year old population is having a lot of difficulties with not having college degrees and doesnt relate their time to now.
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post 1598366741 02-23-2020, 04:54 PM
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Originally Posted By trufflepigg⏩
kids who don't understand money and have never owned assets or seen taxes rape them caused this
This is in essence the problem, banks should NOT be loaning this kind of money to ****ing children. The things a financially responsible adult has to do to get a good rate on a car loan or mortgage for a house is very particular, but all you need to do to get 40-100k for school is sign a piece of paper and youre good to go bucko! have fun paying us back for the next 30 years of your life because @ $300 a month you're barely paying off the interest thats being compounded daily, which of course are terms you understand as a high school kid at age 18. Oh and dont worry about what a credit score or credit history is, its better that you just have a ****ty one so you car and morgage payments are double what they should be so you have even more trouble paying back your student loans.
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post 1598367001 02-23-2020, 04:58 PM
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#44
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Originally Posted By Astyanax⏩
We already pay for K-12. The real solution is not to pay for more years of schooling, but to accelerate the education we already pay for. There is no reason that schools shouldn't be able to cover all high school material by 9th grade. Then let kids pick a major and focus on that for 9-12. Problem solved.
^ HesRightYouKnow.jpg

Part of the reason college is necessary for even middling employment is because American public school doesn't prepare students to the same level as other systems.

I'd also suggest adopting that proposal that was out there to let people repay student loans out of 401k and IRA, tax-free. Would let people tap their early 401k match to get out of the hole.
Nah, fukk that. I’m not doing that.
post 1598367031 02-23-2020, 04:58 PM
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The real issue is the outrageous prices of tuition. And how a book that costs several hundred dollars is worthless after one semester.
post 1598367111 02-23-2020, 05:00 PM
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Originally Posted By Jestbrah⏩
This is in essence the problem, banks should NOT be loaning this kind of money to ****ing children. The things a financially responsible adult has to do to get a good rate on a car loan or mortgage for a house is very particular, but all you need to do to get 40-100k for school is sign a piece of paper and youre good to go bucko! have fun paying us back for the next 30 years of your life because @ $300 a month you're barely paying off the interest thats being compounded daily, which of course are terms you understand as a high school kid at age 18. Oh and dont worry about what a credit score or credit history is, its better that you just have a ****ty one so you car and morgage payments are double what they should be so you have even more trouble paying back your student loans.
You sir, speak the truth.
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post 1598367191 02-23-2020, 05:01 PM
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Originally Posted By Jestbrah⏩
people that say this argument piss me off more than people arguing for handouts. You made the choice to get loans, then you made the choice to pay them ontime and now are living debt free, but you STILL want to complain about something "well wheres my piece of the pie?" Its already ****ing history man, you did the time, you paid your dues, now you are at another point in your life, if you dont want to pay higher taxes thats understandable but stop bitching about "well i had to pay it so so should everyone else" OK boomer, lets hear about how you had to walk 3 miles uphill in the snow to get to 2nd grade and duck and cover drills from WW2
are you stupid, we say this because we will have to pay for these bums.

I paid43k in loans on time and in full, only took 3 years.

Now I have to pay for someone else's, fug that.

You take out a loan, then you should pay it back, period. Not my fault these people are morons
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post 1598367371 02-23-2020, 05:05 PM
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Originally Posted By DizzySmalls⏩
And also be spending $500+ per month on takeout food and alcohol like they are rich.
That’s more like my biweekly spend
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post 1598367551 02-23-2020, 05:08 PM
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Originally Posted By Jestbrah⏩
This is in essence the problem, banks should NOT be loaning this kind of money to ****ing children. The things a financially responsible adult has to do to get a good rate on a car loan or mortgage for a house is very particular, but all you need to do to get 40-100k for school is sign a piece of paper and youre good to go bucko! have fun paying us back for the next 30 years of your life because @ $300 a month you're barely paying off the interest thats being compounded daily, which of course are terms you understand as a high school kid at age 18. Oh and dont worry about what a credit score or credit history is, its better that you just have a ****ty one so you car and morgage payments are double what they should be so you have even more trouble paying back your student loans.
because their parents cant help them make decisions or be a part of their lives when they approach this stage of life?

It's still their own fault, they go on spring break using this money. I have zero sympathy. Meanwhile the rest of us were being responsible, they can rot, that's life
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post 1598367581 02-23-2020, 05:08 PM
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Did anyone force them to get the loans? Any1 who is for the government to pay off students loans doesn't deserve to live, complete waste of space.

How much do public colleges charge in the US?
post 1598367761 02-23-2020, 05:10 PM
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#51
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I'll make it simple.

Human need money for buy thing. Human need job for get money. Human need skill for get job. Human no find laborer and trade job easily in America no more. Human only find service job or high education job. Human go college get education. Human take loan to pay education. Human get job. Human need money for buy thing. Human no have money because loan. Human get angry. Human gather with other human. Human flip car over and burn thing. Human eat rich man taste like fried chicken. Human join communist movement. Human nearly starve to death. Human murder his neighbor. Society crumble. Human think why? WHY?
post 1598367841 02-23-2020, 05:11 PM
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Originally Posted By dannyg1217⏩
are you stupid, we say this because we will have to pay for these bums.

I paid43k in loans on time and in full, only took 3 years.

Now I have to pay for someone else's, fug that.

You take out a loan, then you should pay it back, period. Not my fault these people are morons
I am glad America is not based on "dannyg1217 was able to do it with his financial situation so everyone else in the country should too"

not everyone has the same financial situations, not everyone had the same information you did or knowledge you had at 18, which like i said an 18 year old in this country might as well be a 12 year old. You know what I was taught in high school about finances? how to write a check and how to check my bank account, that was it. Its more important to learn about igneous rock formations and the historic battles in your State than it is to learn about how loans work, what is interest, how to manage your finances as an individual.

My parents were bankrupt when i was a teenager because they got laid off so their knowledge of finances was about 0. Their only advise to me as people who had no formal education was " DO WHATEVER it takes with loand or scholarships to GET a degree, that is all that matters"
Me, as a naive completely uninformed 18 year old took my parents advice. I have worked my ass off usually 60 hours a week since the time i graduated college so I am by no means a lazy individual, i have always lived in 1 bedroom apartments, driven a car WAY below my means, and never spend money on clothes, eating out, or possessions. All my furniture I buy used and live a minimalist life. My student loan balance is more than it was when i graduated college.

I cant tell you how sorry my parents are and how much they have apologized for that advice now and the resentment I have for them always pushing me to take the loans even when I didnt think it was a wise decision, but that doesnt really matter does it.
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post 1598368501 02-23-2020, 05:22 PM
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Originally Posted By BeginnerGainz⏩
I don’t want any of it going anywhere. It would be nice to accrue wealth without paying for some politicians pipe dream.
Cool, well reality is you're going to pay taxed. At least that money should go to things that help Americans citizens and not to bailing out Wall Street, fighting wars for Israel, Saudi Arabia, etc.

You need to have taxes to have a country, infrastructure, etc. Your anarco-capitalist pipe dream is never going to work and only devolves into crony-capitalism and oligarchy.
post 1598368761 02-23-2020, 05:27 PM
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Originally Posted By BigTimeOperator⏩
Realistically, when you graduate college, you still need to have roommates or move back home and make paying off those loans your priority. Most kids will have rent and a car payment and credit cards and student loans, which is overwhelming.
Lol what? I live in an expensive town, don't make a ton of money, and got my own apartment right away with no roommates and I'm paying off my loans quickly.

I used to be for forgiving student debt, but that was before I started making money and realized how easy it was to pay it all off.

edit: 36k in a little over a year; i think most of these students don't realize how little time it takes to pay it off. When I was in school I didn't even know how much debt I had and was peppering for 10yrs of debt repayment.
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post 1598369171 02-23-2020, 05:34 PM
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Originally Posted By BeginnerGainz⏩
My thing is this, what about the thousands of people who paid their loans on time or got a payment plan and never missed a payment? Do they get that money back? My wife and I paid for her medical schooling and didn’t get a handout. Will we get those thousands of dollars back? H*** no. So any social promotion kid can go to college for some fluff degree gets a full ride to community college just so they can snag a job at Starbucks or Target? F*** that.
Also...once these loans are forgiven, how do we deal with the pipeline of new students about to incur future debt as they go to school?

Edit: It's a vote grab based on empty promises. Like universal healthcare Sanders style...it won't pass Congress. We KNOW it won't pass, so it's just a fantasy discussion meant to entice young voters.
post 1598369191 02-23-2020, 05:34 PM
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Originally Posted By Anachron⏩
What is your degree in?
why does my degree matter more than what my career is?

is this an attempt to fish for a degree you can say "well lol thats some liberal arts degree no wonder" which really doesnt explain anything of substance.

The point is people are in this position not because they YOLOd and had 0 regard for paying back a loan, but because they were stupid 18 year olds like 90% of 18 year olds and had terrible advice and very little knowledge of how finances work when they accepted MAJOR loans from banks looking to capitalize on their disposition.
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post 1598369291 02-23-2020, 05:37 PM
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here's a hot take
If you weren't smart enough to get a full ride scholarship then you don't belong in college period.
post 1598369311 02-23-2020, 05:37 PM
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Originally Posted By GreatOldOne⏩
Also...once these loans are forgiven, how do we deal with the pipeline of new students about to incur future debt as they go to school?
one thing is introduce finance classes as a REQUIREMENT in school so people are educated on how loans work, how capital works, how income VS expenditures work, what interest means and the different types, and everything about credit scores.

I dont know how many financial crisis this country has to go through before they realize we dont only need to teach kids how to make money but what to do with it. Also this just overly generalized education from k-12 and even into college years is ridiculous. Theres SO many YEARS of useless knowledge being pushed in schools, meanwhile things that would help EVERY ****ING PERSON like finances and social sciences are single electives offered only at specific schools and of 0 requirement to be taught.
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post 1598369421 02-23-2020, 05:39 PM
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Originally Posted By Jestbrah⏩
I am glad America is not based on "dannyg1217 was able to do it with his financial situation so everyone else in the country should too"

not everyone has the same financial situations, not everyone had the same information you did or knowledge you had at 18, which like i said an 18 year old in this country might as well be a 12 year old. You know what I was taught in high school about finances? how to write a check and how to check my bank account, that was it. Its more important to learn about igneous rock formations and the historic battles in your State than it is to learn about how loans work, what is interest, how to manage your finances as an individual.

My parents were bankrupt when i was a teenager because they got laid off so their knowledge of finances was about 0. Their only advise to me as people who had no formal education was " DO WHATEVER it takes with loand or scholarships to GET a degree, that is all that matters"
Me, as a naive completely uninformed 18 year old took my parents advice. I have worked my ass off usually 60 hours a week since the time i graduated college so I am by no means a lazy individual, i have always lived in 1 bedroom apartments, driven a car WAY below my means, and never spend money on clothes, eating out, or possessions. All my furniture I buy used and live a minimalist life. My student loan balance is more than it was when i graduated college.

I cant tell you how sorry my parents are and how much they have apologized for that advice now and the resentment I have for them always pushing me to take the loans even when I didnt think it was a wise decision, but that doesnt really matter does it.
its not about people doing what I did, it's about personal responsibility and taking ownership of your decisions and dealing with them. It's real easy to blame others for your fuk ups but it takes character and grit to admit your own and fix the situation rather than want someone else to foot the bill.

It's simple, 18 year olds know how loans work, you get money and you have to pay it back and then some. That's not rocket science. If they dont get that then its, welcome to real life and adulthood.

But loan forgiveness is simply punishing someone for somebody else's bad decisions. Doing that through taxes and via the government is worse since theres no way around it.
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post 1598369601 02-23-2020, 05:42 PM
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  1. orangetide
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  1. orangetide
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Because people are putting off kids cuz they cant afford them, due to student loans govt uses declining birthrates as an excuse to bring in immigrants who then hop on welfare and have 8 kids.

People not buying as much in general because what should be spending money is going to government.

Interest rates are too fuking high.
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