Student Loans

[Suppa Hobbit Mage]

I'm going to lose my mind if I hear how we need to bail out people who got themselves into debt to go to college.

If the government gets into that, why should ANYONE pay ANY debt ever?
If the government gets into that, can I get my college reimbursed from the 80's and 90's? Hell, can I get it reimbursed from any class/course I took in my entire life? REPARATIONS!

[Parkbandit]

Not only that.. but what about all the responsible people who actually paid their student loans back? Should we give them reparations?

[Stumplicker]

Is this where I sign up for the free money? I want some free money. I paid my tuition.

That said, while I think the loan forgiveness part is stupid, there are some good arguments for some regulation in certain areas. Textbooks are a monopoly with like 7000% (number pulled from ass) markups at this point, and there are a lot of for profit colleges that need to be put out of business for shady practices. Upping the cost of credit hours the closer you get to a degree, et cetera. Yes, you should do your research to start with, but it's equally good just to regulate stuff like that away. You should do your research on cars too, but we still have lemon laws to protect the public from the really shady shit.

Edit: 812% increase over the last 35 years. I was close(ish).

https://www.aeseducation.com/blog/infographic-the-skyrocketing-cost-of-textbooks-for-schools-students

[Suppa Hobbit Mage]

Regulation is one thing. Debt forgiveness is retarded.

[Stumplicker]

Regulation is one thing. Debt forgiveness is retarded.

True story. When I was researching colleges, there was a great push to remind us that we should choose a degree based not only on our interest in said degree, but the market's need and predicted need for it. I, and presumably most of us hit bachelor's degrees right into the biggest recession since the depression, and we weathered it because we chose degrees that were employable. I mean, I didn't really specifically but my degree was a puzzle piece that could fit anywhere. I was even dumb enough to go to a name brand college right out of the chute rather than doing the easy transfer credits at a community college and came out the other end okay.

A lot of the people saying they'll never pay off their loans now are in that position because they decided that since college was now the way of life for all and they were American and could do anything they wanted, they now hold expensive degrees in mottled unicorn grooming or whatever the fuck it is kids these days dream of.

Paying 200 grand for a degree that'll get you a 25k a year job at Arby's is just bad money management.

[Astray]

I'm going to lose my mind if I hear how we need to bail out people who got themselves into debt to go to college.

If you can't pay back a loan, don't take one. If you want to make money with your Feminist Dance degree, you need to get hit in the head with a shovel.

[Gelston]

I think college is way overpriced. I don't mind bankruptcy existing to wipe out part of a student loan, say maybe 50% of it, but not the entire thing.

No repayment of a student loan by the Government though. There are more people who have either never gone to college, or have paid off their student loans than there are people with student loans. They signed the loans, they took on the responsibility. Man the fuck up and pay your debts.

Again, the costs of college are outrageous and need to be addressed, but not through Taxpayer repayment of all student loans.

And honestly, State funded colleges aren't that expensive in the first place. If you start paying on the loan immediately instead of deferring for 4 years you'll be in very good shape.

[Astray]

I think college is way overpriced. I don't mind bankruptcy existing to wipe out part of a student loan, say maybe 50% of it, but not the entire thing.

No repayment of a student loan by the Government though. There are more people who have either never gone to college, or have paid off their student loans than there are people with student loans. They signed the loans, they took on the responsibility. Man the fuck up and pay your debts.

Again, the costs of college are outrageous and need to be addressed, but not through Taxpayer repayment of all student loans.

And honestly, State funded colleges aren't that expensive in the first place. If you start paying on the loan immediately instead of deferring for 4 years you'll be in very good shape.

There are methods of getting free college, you just really have to apply yourself. I know that the University out here has a contract you can sign that basically says you won't miss X amount of days and you'll maintain an average on your grades. Although, that's for actually feasible career paths.

I'd like to see places with blatantly predatory practices get a boot up the ass and be forced to pay off their own contracts.

[Suppa Hobbit Mage]

There are 3 million people over the age of 60 who have 86 billion dollars in student loans.
There are over 100 people in the US last year that have over a million dollars in student loans (individually)

[Gelston]

There are methods of getting free college, you just really have to apply yourself. I know that the University out here has a contract you can sign that basically says you won't miss X amount of days and you'll maintain an average on your grades. Although, that's for actually feasible career paths.

I'd like to see places with blatantly predatory practices get a boot up the ass and be forced to pay off their own contracts.

Of course there are ways. You can just go serve 4 years in the Air Force as a goddamn PX Clerk. Barring that, though, just read what you sign and go to a more affordable college. Hell, if you were accepted into a major private college that is super expensive, I bet you could get a scholarship and owe little to nothing in one of those smaller state colleges.

[Astray]

Of course there are ways. You can just go serve 4 years in the Air Force as a goddamn PX Clerk. Barring that, though, just read what you sign and go to a more affordable college. Hell, if you were accepted into a major private college that is super expensive, I bet you could get a scholarship and owe little to nothing in one of those smaller state colleges.

In all honesty, you just need to ask if there are alternatives at the financial aid desk. There's a slew of grants available. I just want to know what makes someone jump immediately into getting a loan.

[Gelston]

In all honesty, you just need to ask if there are alternatives at the financial aid desk. There's a slew of grants available. I just want to know what makes someone jump immediately into getting a loan.

Easy to do.

[Neveragain]

I honestly think that high schools should be telling kids to focus on finding a full time job after graduation then pursuing a secondary education. It's becoming more and more common for employers to offer college reimbursement programs. Between pell grants and employer reimbursement, college is pretty much free.

Both my daughters worked and got their 4 year degrees at the same time.

[Gelston]

So, a loan, just one form to fill out ever semester. You're covered. They even do a lot of, if not most of the work for you. And honestly, loans are great. If you do it right. Don't defer. Get a 20 hr a week part time job and put $400 a month towards it, go to full time during summer break and put more towards it. If you took a 40k loan, for instance, you'll only be owing about 15k or so towards it when you get your bachelor's and your credit will look pretty sweet.

Grants and scholarships though, unless you have a full ride from the College, you're gonna be going after multiple grants. Writing ten essays and filling out dozens of forms every semester.

[Stumplicker]

Ugh. What I'm getting from this thread so far is that the Air Force's requirements to give you the good stuff went way down since they tried to recruit me. They wanted me to sign for 10 years and do OTS so I could go to the Air Force Academy for 4.

[Astray]

Ugh. What I'm getting from this thread so far is that the Air Force's requirements to give you the good stuff went way down since they tried to recruit me. They wanted me to sign for 10 years and do OCS so I could go to the Air Force Academy for 4.

Recruitment numbers are so fucked I got a call.

[Gelston]

Ugh. What I'm getting from this thread so far is that the Air Force's requirements to give you the good stuff went way down since they tried to recruit me. They wanted me to sign for 10 years and do OTS so I could go to the Air Force Academy for 4.

Yeah, I doubt that happened. You need referrals from members of Congress to get into the Service Academies. The Service Academies never had to go looking for people, thousands apply every year for a very limited number of seats.

[Stumplicker]

Yeah, I doubt that happened. You need referrals from members of Congress to get into the Service Academies. The Service Academies never had to go looking for people, thousands apply every year for a very limited number of seats.

That's the only reason I was talking to them in the first place. I applied and wasn't even a member of the service, because while my everything on paper was quite good when I was 17, I was also 17, and therefore dumb as fuck. I was told that that's what the requirements would be for acceptance.

[Gelston]

That's the only reason I was talking to them in the first place. I applied and wasn't even a member of the service, because while my everything on paper was quite good when I was 17, I was also 17, and therefore dumb as fuck.

Most people who apply aren't service members. It is a college. Only like 8% are accepted and they require a nomination by a member of Congress. Most students going in are 17 or 18 straight from HS.

The only people that are assured entry are sons and daughters of Medal of Honor recipients.

[Stumplicker]

Most people who apply aren't service members. It is a college. Only like 8% are accepted and they require a nomination by a member of Congress. Most students going in are 17 or 18 straight from HS.

The only people that are assured entry are sons and daughters of Medal of Honor recipients.

Sounds about right.

[Gelston]

My uncle got into West Point because he was a good student, but he was also very good at Football. He left after 2 years because of a woman, so he was retarded and obviously wasn't West Point material. He still got discharge papers saying he was a 2nd Lt though. He is very proud of them.

[Stumplicker]

Eh, everybody makes stupid decisions when they're young. West pointers are no exception (Just ask George Pickett). I'll be the first to admit I probably got a lot of interviews and acceptances based on my name and letters of recommendation alone and I squandered just about every opportunity. In the end, state school for my undergrad was what was in the budget.

But when you're 18, 19, 20 years old...whatever decision you're making is rarely the right one.

[Stanley Burrell]

I lived in a really nice 1 bedroom in the North Bx (R-dale represent! :D)

The building hadn't been finished, so I thought my ~$600/month with free utilities was permanent. But then. Shit.

I had mommy and daddy bail me out. Embarrassing as shit, but I learnt my lesson and am now utilizing the full stinginess of my Jew powers: Sh'ma Yisrael, Adonai elohainu, Adonai echad, bitchniqqaz.

[Archigeek]

Part of the evolution of college cost is a pretty steady reduction in what state legislatures put forth to cover college costs to begin with. I graduated in 1990, and the cost of college nearly doubled from the time I started in 1984 till 1990, and it hasn't stopped outstripping inflation since.

I agree that loan forgiveness straight up isn't really the answer, but it also isn't just about kids making foolish choices now that we didn't make when we went to college. The system has steadily driven the cost through the stratosphere.

[Parkbandit]

Part of the evolution of college cost is a pretty steady reduction in what state legislatures put forth to cover college costs to begin with. I graduated in 1990, and the cost of college nearly doubled from the time I started in 1984 till 1990, and it hasn't stopped outstripping inflation since.

I agree that loan forgiveness straight up isn't really the answer, but it also isn't just about kids making foolish choices now that we didn't make when we went to college. The system has steadily driven the cost through the stratosphere.

The Dems are so fond of straight up taking money from successful people and hating on corporations... let's look at university endowments to help pay down student debt.

And yea, I agree with whoever said it before: We need to look at the predatory practices of some of these universities. Tuition costs going up the closer you get to your degree is fucking bullshit.

[Tgo01]

If the government gets into that, why should ANYONE pay ANY debt ever?

I heard people paying back their college loans is way down, maybe even at an all time low. And can you blame them? When literally every presidential candidate from one of the two major parties is promising to wipe out your debt of course you would think "Why bother?"

[Methais]

In all honesty, you just need to ask if there are alternatives at the financial aid desk. There's a slew of grants available. I just want to know what makes someone jump immediately into getting a loan.

They probably go in thinking "Once I graduate I'll be making all kinds of money and can pay that shit off in like 6 months and then not give a shit."

Because people are stupid.

[Methais]

I lived in a really nice 1 bedroom in the North Bx (R-dale represent! :D)

The building hadn't been finished, so I thought my ~$600/month with free utilities was permanent. But then. Shit.

I had mommy and daddy bail me out. Embarrassing as shit, but I learnt my lesson and am now utilizing the full stinginess of my Jew powers: Sh'ma Yisrael, Adonai elohainu, Adonai echad, bitchniqqaz.

Fun fact: Stanley is a master of Jew Jitsu

Actual photo of Stanley in his battle ready stance:
https://i.ytimg.com/vi/1Ko4eZTPC6o/hqdefault.jpg

[Suppa Hobbit Mage]

And people use their loans to pay shit like rent and going out. So now taxpayers just shoulder everything for idiots who think it’s ‘free’? I’m going back to school if it ever passes and I’m living off the government tit.

[Astray]

And people use their loans to pay shit like rent and going out. So now taxpayers just shoulder everything for idiots who think it’s ‘free’? I’m going back to school if it ever passes and I’m living off the government tit.

Fuck, right? If the government is just gonna pay off loans in the name of eliminating student debt, hold my fucking beer. Because I'll go out and buy a goddamn yacht with my 'student loan'.

[Methais]

Fuck, right? If the government is just gonna pay off loans in the name of eliminating student debt, hold my fucking beer. Because I'll go out and buy a goddamn yacht with my 'student loan'.

Take out a bigger loan and buy Gemstone.

[Tgo01]

And people use their loans to pay shit like rent and going out. So now taxpayers just shoulder everything for idiots who think it’s ‘free’? I’m going back to school if it ever passes and I’m living off the government tit.

Yup. I know someone who took out a 5k loan every semester even though their courses and books only cost about 2k per semester. She used the rest of the money to pay her other bills and go on vacations. She also got something like 5k every year on her income taxes. When she finally got a good paying job she was just barely ahead of where she was because now no more 5k per semester in loans, no more receiving 5k in taxes every year because now she actually had to pay taxes, and no more other free government handouts she was receiving.

But yeah, you're totally right that not everyone uses their student loan money on their actual education, some people blow it on stupid shit and now years later they realize they have to pay that money back with interest and they want everyone else to pay for it. It's stupid but all Democrats have anymore to win elections are 1) Republicans are racist and hate women B) Identity politics and #) Tax payer funded bribes.

[Astray]

Take out a bigger loan and buy Gemstone.

Let's all pool our collective loans and buy Gemstone. From each other.

[Methais]

Let's all pool our collective loans and buy Gemstone. From each other.

BUY ALL THE SIMUCOINS THEN MARK THEM UP AND RESELL 4 PROFITS!!!!!!!!!!!!!

[Alfster]

Time to start deferring mine.

[Archigeek]

They probably go in thinking "Once I graduate I'll be making all kinds of money and can pay that shit off in like 6 months and then not give a shit."

Because people are stupid.

I graduated with a degree that required a 3 year internship, at a time when loans were zero interest until 6 months after your degree, (or a required internship) was complete. That meant that for 9.5 years I paid no interest and wasn't required to make any payments on my first year's student loan. By that time I just about had all my student loans paid off. All that advantage no longer exists today, and costs 5x higher to boot. We can't just blame students for poor money management practices.

By the way, I am at the start of Gen X. It was even easier for Baby Boomers. As they wrapped up school, programs were wound down.

[Tgo01]

We can't just blame students for poor money management practices.

I absolutely agree. A big part of the blame is on the schools for offering degrees they know are worthless and not being realistic with students even on the degrees that can make money. "This is a good degree to go for, but keep in mind the market is still tough because everyone is going for this degree BECAUSE it's a good degree to have."

So why is the solution to make college "free" which will in turn give these dishonest colleges even more money?

[Suppa Hobbit Mage]

Let’s see a study of actual school costs for people who work a job (or three like I did).

[Suppa Hobbit Mage]

’We can't just blame students for poor money management practices.

Why not? Are they not adults making adult decisions? How about the 3 million 60+ year old with 30k in student debt. Are they not responsible? When do we hold adults accountable for their decisions? By your account you were 27 or 28, could you not figure out 9.5 years of debt adds up?

[Astray]

Why not? Are they not adults making adult decisions? How about the 3 million 60+ year old with 30k in student debt. Are they not responsible? When do we hold adults accountable for their decisions? By your account you were 27 or 28, could you not figure out 9.5 years of debt adds up?

Brb, taking a $500k loan for a Feminist Interpretive Dance degree. It's not my fault, it's the predatory practices. Clearly.

I'm not delusional or actively managing money poorly, this degree will make me bank.

[Archigeek]

Why not? Are they not adults making adult decisions? How about the 3 million 60+ year old with 30k in student debt. Are they not responsible? When do we hold adults accountable for their decisions? By your account you were 27 or 28, could you not figure out 9.5 years of debt adds up?

Come on man, you can read better than that. For starters, I didn't pay any interest for 9.5 years, so no, it doesn't add up. At all. That was the whole point of bringing it up. That benefit is gone today.

As to the "why not?" question, my point is that it isn't JUST them. I think the only thing that has outstripped inflation as much as the cost of education is probably healthcare. People claiming "students today suck and I didn't" are ignoring a lot of facts about how much easier it was to pay for an education when they went to school than it is now.

[Suppa Hobbit Mage]

Come on man, you can read better than that. For starters, I didn't pay any interest for 9.5 years, so no, it doesn't add up. At all. That was the whole point of bringing it up. That benefit is gone today.

As to the "why not?" question, my point is that it isn't JUST them. I think the only thing that has outstripped inflation as much as the cost of education is probably healthcare. People claiming "students today suck and I didn't" are ignoring a lot of facts about how much easier it was to pay for an education when they went to school than it is now.

With respect because I always liked you, how does 9.5 years of loans, interest free or not, not add up?

[Stumplicker]

There are a wide variety of circumstances that could cause a person to default on a student loan. Some of them reasonable, some of them not. And up front, again, I don't feel like wiping out the debt is an appropriate solution. Maybe you took a major based on something that looked like a great bet and for whatever reason by the time you finished it was not (See: The Dot Com collapse). Maybe you graduated into an enormous economic depression that didn't exist when you took the loan and had to scrape by on a minimum wage job for the next decade while the economy recovered. Maybe you were a stupid kid and picked a stupid major and saddled yourself with a ton of debt that's hard to repay. Maybe you dropped out to work after a few semesters. Maybe you flat out squandered your loan on something besides what it was meant for. A wide range of reasons. Some good. Some bad. Like many other things, it's a complex issue.

That aside, we bailed out GM, and we bailed out the banks, both of whom were far less deserving of that then a bunch of 17 year olds that made the wrong call, as 17 year olds are wont to do. If it happened, I'd be less angry about it than I was in those two circumstances.

[Archigeek]

With respect because I always liked you, how does 9.5 years of loans, interest free or not, not add up?

No interest, no principle increase for the 3 years of internship + 6 months... how would it add up? All the adding was done.

The balance remained the same until 6 months after my internship was over, or would have, except I was paying it down the whole time I was an intern. I didn't have to start paying it early, but it made financial sense to do so. Additionally, the rates were low, once I finally had to start paying interest.

That's my example of how much easier it was then, than it is now.

[Parkbandit]

I graduated with a degree that required a 3 year internship, at a time when loans were zero interest until 6 months after your degree, (or a required internship) was complete. That meant that for 9.5 years I paid no interest and wasn't required to make any payments on my first year's student loan. By that time I just about had all my student loans paid off. All that advantage no longer exists today, and costs 5x higher to boot. We can't just blame students for poor money management practices.

We can't hold people responsible for the decisions they make?

Adorable...


By the way, I am at the start of Gen X. It was even easier for Baby Boomers. As they wrapped up school, programs were wound down.

I never had a student loan that was zero interest. Not sure how the baby boomers had it easier than you poor, unfortunate Gen Xers...

[Astray]

This is why it's just low-brow to argue about politics on these boards.

OK, wise guy, how about a medical fucking doctor struggling to pay off his student loans.

Shut up, McGayver.

[Tgo01]

Come on man, you can read better than that. For starters, I didn't pay any interest for 9.5 years, so no, it doesn't add up. At all. That was the whole point of bringing it up. That benefit is gone today.

As to the "why not?" question, my point is that it isn't JUST them. I think the only thing that has outstripped inflation as much as the cost of education is probably healthcare. People claiming "students today suck and I didn't" are ignoring a lot of facts about how much easier it was to pay for an education when they went to school than it is now.

Education costs so much more today BECAUSE we made it so easy for people to take out loans and this caused the colleges to increase their tuition costs and introduce all sorts of worthless degrees so they could get even more suckers to go to their schools so they could bilk the US government out of millions.

[Tgo01]

Dreaven, I really think you're a pretty smart guy. It's strange you're not in software/coding. But the way you think and the level of competency in your scripting I pin you as a engineer or possibly even a scientist.

I've been to the moon.

[Archigeek]

We can't hold people responsible for the decisions they make?

Adorable...



I never had a student loan that was zero interest. Not sure how the baby boomers had it easier than you poor, unfortunate Gen Xers...

How do you get from the cost of education outstripping inflation for 30 years to "We can't hold people responsible for the decisions they make?"

[Suppa Hobbit Mage]

How do you get from the cost of education outstripping inflation for 30 years to "We can't hold people responsible for the decisions they make?"

The same reason we can't bail out people making 80k a year who buy 900K houses. Because it's fucking irresponsible. The cost of education outstrips inflation BECAUSE of government involvement in student loans, not despite it. If people weren't able to get 0% or low % loans, they wouldn't make retarded decisions to go to school they cannot afford and get a degree that cannot pay for the school.

I have never in my life looked to anyone else to pay my way, neither should anyone else. Be accountable for the decisions you make, don't hold me accountable for you by penalizing me for being successful in life.

[Tgo01]

I just want to know where do the giveaways end? Is the government going start subsidizing all expenses people incur while going to college? Their housing and food and electric bills? Are people with student debt going to have their debt forgiven AND receive a check for 20k to cover their expenses while going to school?

We going to start paying off people's car loans and home loans? Where does this madness end?

Instead of forgiving student loans I think we should investigate the colleges where people who graduate from their school tend not to get good paying jobs within 5 years of leaving college and if their education is shit or they used some sort of high pressure tactics to get students to take shit courses knowing there were no job prospects for that degree then sue the school and use that money to pay back the loans.

But for students who received a good education and got a good job? Why the hell are we even discussing forgiving their loans? Am I taking crazy pills?

[Parkbandit]

How do you get from the cost of education outstripping inflation for 30 years to "We can't hold people responsible for the decisions they make?"

I knew exactly what it would cost at the college I chose to attend. I knew I would need to work for 1 full year before going in order to afford it. I knew each year I borrowed the money how much I would have to pay back.

The cost of education versus inflation isn't part of the decision making process when signing a loan.

Stop making excuses for people making poor decisions. You only empower the whole loan forgiveness bullshit we're going through now.

[Parkbandit]

The same reason we can't bail out people making 80k a year who buy 900K houses. Because it's fucking irresponsible. The cost of education outstrips inflation BECAUSE of government involvement in student loans, not despite it. If people weren't able to get 0% or low % loans, they wouldn't make retarded decisions to go to school they cannot afford and get a degree that cannot pay for the school.


The amount of win and correctness in this post cannot be over stated. I've bolded the extremely important parts.


I have never in my life looked to anyone else to pay my way, neither should anyone else. Be accountable for the decisions you make, don't hold me accountable for you by penalizing me for being successful in life.

100% truth.

It's not luck. It's not "White Privilege"

It's hard work and being responsible.

More people should try it.

[Alfster]

Instead of forgiving student loans I think we should investigate the colleges where people who graduate from their school tend not to get good paying jobs within 5 years of leaving college and if their education is shit or they used some sort of high pressure tactics to get students to take shit courses knowing there were no job prospects for that degree then sue the school and use that money to pay back the loans.

But for students who received a good education and got a good job? Why the hell are we even discussing forgiving their loans? Am I taking crazy pills?

I'm with on this 100%. There are a ton of amazing schools in this area, yet random private schools still pop up that offer their own funding. Can't transfer credits to them. I've seen two come and go on the last four or five years. Globe University is as bad as Trump University was.

[Alfster]

In 2014, Minnesota's Attorney General Lori Swanson filed a lawsuit against the Minnesota School of Business and Globe University for misleading students using much of Weber's evidence to build her own case. Former students allege that Globe's advertisements and promotional materials contain "misleading, unfair, deceptive, false, and fraudulent statements and omissions intended to induce postsecondary students to enroll in their schools."

They subsequently were banned from Minnesota but continued operating in Wisconsin

[Ardwen]

There are literally dozens of for profit colleges and universities that are little more then diploma mills that actually provide students little to no real life benefits, but lots of insane debts, generally these are the debts the governments used to forgive, though currently that is not happening.

[Parkbandit]

There are literally dozens of for profit colleges and universities that are little more then diploma mills that actually provide students little to no real life benefits, but lots of insane debts, generally these are the debts the governments used to forgive, though currently that is not happening.

Aren't all colleges and universities "for profit" though?

And to be honest, very few provide students with real life benefits.

[Methais]

Come on man, you can read better than that. For starters, I didn't pay any interest for 9.5 years, so no, it doesn't add up. At all. That was the whole point of bringing it up. That benefit is gone today.

As to the "why not?" question, my point is that it isn't JUST them. I think the only thing that has outstripped inflation as much as the cost of education is probably healthcare. People claiming "students today suck and I didn't" are ignoring a lot of facts about how much easier it was to pay for an education when they went to school than it is now.

Whose fault is it for taking out a huge loan for that useless gender studies degree though?

[Gelston]

Whose fault is it for taking out a huge loan for that useless gender studies degree though?

Yours. Specifically you.

[Methais]

Education costs so much more today BECAUSE we made it so easy for people to take out loans and this caused the colleges to increase their tuition costs and introduce all sorts of worthless degrees so they could get even more suckers to go to their schools so they could bilk the US government out of millions.

Didn't Obamacare have some shit buried in it that allowed the federal government to completely take over student loans? If so wouldn't that contribute pretty heavily toward skyrocketing tuition too, since schools could just jack up their prices knowing the feds will give pretty much anyone a loan for it?

I don't really know shit about how student loans are run both before and after Obamacare, I just don't see how the feds taking over the program entirely wouldn't also result in noticeable price increases.

[Gelston]

Didn't Obamacare have some shit buried in it that allowed the federal government to completely take over student loans? If so wouldn't that contribute pretty heavily toward skyrocketing tuition too, since schools could just jack up their prices knowing the feds will give pretty much anyone a loan for it?

I don't really know shit about how student loans are run both before and after Obamacare, I just don't see how the feds taking over the program entirely wouldn't also result in noticeable price increases.

I know when I was using my GI Bill, private schools would make sure they got paid the max tuition they could get from it. Most of them were usually over the max, but they had "veteran scholarships" to bring the cost right down to it.

[Archigeek]

I knew exactly what it would cost at the college I chose to attend. I knew I would need to work for 1 full year before going in order to afford it. I knew each year I borrowed the money how much I would have to pay back.

The cost of education versus inflation isn't part of the decision making process when signing a loan.

Stop making excuses for people making poor decisions. You only empower the whole loan forgiveness bullshit we're going through now.

When you (and I) went to college, state government directly paid for a substantially larger portion of the cost than they do today. This is true in most states anyway. So in all likelihood, you got more of a government handout for your education than people do today, and you probably didn't even know it.

Are you saying you had to work for 1 year to pay for a 4 year degree?

[Parkbandit]

When you (and I) went to college, state government directly paid for a substantially larger portion of the cost than they do today. This is true in most states anyway. So in all likelihood, you got more of a government handout for your education than people do today, and you probably didn't even know it.

The only state "handout" I received, besides a Pell Grant I earned (which is federal money), was I went to a state school I was already a resident in and paid the "In state tuition" cost.


Are you saying you had to work for 1 year to pay for a 4 year degree?

I'm saying that the amount of money I had previously saved up for room/board/tuition/books/living expenses would not get me through 4 years of college, even while I was working full time... so I took a year off between high school and college to save even more.

[Archigeek]

The only state "handout" I received, besides a Pell Grant I earned (which is federal money), was I went to a state school I was already a resident in and paid the "In state tuition" cost.



I'm saying that the amount of money I had previously saved up for room/board/tuition/books/living expenses would not get me through 4 years of college, even while I was working full time... so I took a year off between high school and college to save even more.

Except you received a large state hand out, in the form of your state legislatures paying a part of the cost to run state schools. A lot less of a part today, than they did when you went to school. That source of funding has dropped significantly in the last ten years. Look it up for your state.

https://www.cbpp.org/research/state-budget-and-tax/a-lost-decade-in-higher-education-funding

[Parkbandit]

Except you received a large state hand out, in the form of your state legislatures paying a part of the cost to run state schools. A lot less of a part today, than they did when you went to school. That source of funding has dropped significantly in the last ten years. Look it up for your state.

https://www.cbpp.org/research/state-budget-and-tax/a-lost-decade-in-higher-education-funding

New York: -2%. So I received an extra $210 adjusted for inflation "large state hand out"...

I feel so blessed..... really...

Thankfully, they have replaced that $210 by raising their tuition by 31.3%...

[Methais]

New York: -2%. So I received an extra $210 adjusted for inflation "large state hand out"...

I feel so blessed..... really...

Thankfully, they have replaced that $210 by raising their tuition by 31.3%...

YOU FREELOADER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!111111111111

[Neveragain]

Brb, taking a $500k loan for a Feminist Interpretive Dance degree. It's not my fault, it's the predatory practices. Clearly.

I'm not delusional or actively managing money poorly, this degree will make me bank.

Just stay in college your entire life and become a professional protester. Take the majority of the loans, invest them in an offshore bank account for your 20 year college career. Move to some asian or south american country and retire.

[Archigeek]

New York: -2%. So I received an extra $210 adjusted for inflation "large state hand out"...

I feel so blessed..... really...

Thankfully, they have replaced that $210 by raising their tuition by 31.3%...

Actually that's just the delta from 2010 to 2017 or 18, I forget which. In either case, I doubt you went to school in 2010. And again, being the reduction, it doesn't speak to the generosity of the New York state legislature in paying for a large part of your education, before the question of tuition even comes into play. Don't feel bad though, they did the same for everyone else too.

Furthermore, the state of New York didn't even have a state college system till 1948, according to Wikipedia. Hard to believe, but they created the whole 63 school system to support returning GI's, and the baby boom.

Just to be clear, I'm still not for complete loan forgiveness, or free education for everyone. Just trying to illustrate how much the cost of education has gone up, particularly in relation to eroding wage growth (31% tuition increase, ouch). I'm thankful for the inexpensive state college education I received. It has served me well.

[Parkbandit]

Actually that's just the delta from 2010 to 2017 or 18, I forget which. In either case, I doubt you went to school in 2010. And again, being the reduction, it doesn't speak to the generosity of the New York state legislature in paying for a large part of your education, before the question of tuition even comes into play. Don't feel bad though, they did the same for everyone else too.

Furthermore, the state of New York didn't even have a state college system till 1948, according to Wikipedia. Hard to believe, but they created the whole 63 school system to support returning GI's, and the baby boom.

You're losing your point. You stated that I got some massive state handout when I went to college. I illustrated you were incorrect.

Now you're going back to tell us when the SUNY college system was started and why?

Again.. so we are perfectly clear: I knew how much my loans to attend a 4 year college was going to be... signed for the loans... repaid the loans.

And they were at a far greater interest rate than they are today.

With no "massive state handout" like you stated I received.

:beer:

PS - Given that my family has been in New York State and been paying taxes there for over 70 years (my father is 83 and has been working in NYS since he was 13)... I'm pretty sure we've put into NY far more than we've been handed.


Just to be clear, I'm still not for complete loan forgiveness, or free education for everyone. Just trying to illustrate how much the cost of education has gone up, particularly in relation to eroding wage growth (31% tuition increase, ouch). I'm thankful for the inexpensive state college education I received. It has served me well.

So.. you decided to attend a college you could afford based upon some factors like your current financial position, estimated future financial position (realistic), Loan amount, interest rates, etc..

This is far better than many, many college students, so good job: You are a responsible person.

I'm just asking that people be more like you than more like many students today.

[Back]

I'm laughing at the "things were shitty for me! they should be shitty for everyone else forever!" attitude.

Bitter old fucks want everyone to suffer like they did. Thats not how it works. We progress and make things easier for everyone as we grow. Wouldn't you want that for your own kids? Your kid's kids? If not you're not proving anything other than that you're a bitter asshole.

Fuck the banks anyway. The monetization of everything needs to end.

[Tgo01]

I'm laughing at the "things were shitty for me! they should be shitty for everyone else forever!" attitude.

That's what you took away from this? Not "I made sure I was in a position to pay back my loans like a responsible adult, these kids should do the same instead of expecting me to bail them out"?


Fuck the banks anyway. The monetization of everything needs to end.

You know Obama nationalized student loans during his term and the banks no longer give out student loans right?

[Gelston]

I'm laughing at the "things were shitty for me! they should be shitty for everyone else forever!" attitude.

Bitter old fucks want everyone to suffer like they did. Thats not how it works. We progress and make things easier for everyone as we grow. Wouldn't you want that for your own kids? Your kid's kids? If not you're not proving anything other than that you're a bitter asshole.

Fuck the banks anyway. The monetization of everything needs to end.

Have you even read the thread? No one is saying that shit should be hard because it was hard for them. Most people are agreeing that college has become overpriced. That doesn't excuse people for taking out loans and then never intending upon repaying them though.

You should learn to read and learn the comprehend what you've read.

[Astray]

You know Obama nationalized student loans during his term and the banks no longer give out student loans right?

He'll be rephrasing and what-about-ing in a moment here.

[Back]

That's what you took away from this? Not "I made sure I was in a position to pay back my loans like a responsible adult, these kids should do the same instead of expecting me to bail them out"?

Yep. Same thing different words.

What makes anyone think that today's kids are less responsible than yesterday's? Bitter old fucks.

We may as well do away with cars because back in the day a horse and buggy was just fine! Lazy kids these days want to drive cars!


You know Obama nationalized student loans during his term and the banks no longer give out student loans right?

Great. Fuck the banks anyway. The monetization of everything needs to end.

[Suppa Hobbit Mage]

Just stay in college your entire life and become a professional protester. Take the majority of the loans, invest them in an offshore bank account for your 20 year college career. Move to some asian or south american country and retire.

FTW

[Suppa Hobbit Mage]

I'm laughing at the "things were shitty for me! they should be shitty for everyone else forever!" attitude.

Bitter old fucks want everyone to suffer like they did. Thats not how it works. We progress and make things easier for everyone as we grow. Wouldn't you want that for your own kids? Your kid's kids? If not you're not proving anything other than that you're a bitter asshole.

Fuck the banks anyway. The monetization of everything needs to end.

You need to DIAF. Virtue signal all you want, I didn't have it hard. I worked hard so I wouldn't have a loan to pay. It was fucking EASY. I partied for 5 years, made minimum wage AND paid off my debt all by myself. Like a fucking adult. And golly gee, I didn't use ONE of my two degrees in Zoology and Chemistry and I STILL made it in the real world. You know how? I worked hard.

Fuck off to you and yours that say everything should be free. Nothing in life is free.

[Neveragain]

The monetization of everything needs to end.

https://media.tenor.com/images/ca8afe5e3144b443356a99a1f6a3ed12/tenor.gif

[Back]

I'm going to lose my mind if I hear how we need to bail out people who got themselves into debt to go to college.

If the government gets into that, why should ANYONE pay ANY debt ever?
If the government gets into that, can I get my college reimbursed from the 80's and 90's? Hell, can I get it reimbursed from any class/course I took in my entire life? REPARATIONS!

You are very emotional about this subject.

Who is saying "we need to bail out people who got themselves into debt to go to college"?

When you answer that the next question is: What are the conditions of debt forgiveness?

[Suppa Hobbit Mage]

You are very emotional about this subject.

Who is saying "we need to bail out people who got themselves into debt to go to college"?

When you answer that the next question is: What are the conditions of debt forgiveness?

Go sealion someone who gives a fuck. You pathetic loser.

[Tgo01]

Great. Fuck the banks anyway. The monetization of everything needs to end.

Back: Fuck the banks! They are making college too expensive!
Tgo01: Obama nationalized the student loan industry over 8 years ago and the cost of college has skyrocketed since then.
Back: Oh Obama did that? Great!

Why am I not surprised?

[Tgo01]

Who is saying "we need to bail out people who got themselves into debt to go to college"?

Are you just not paying attention to the Democrat candidates at all or what? How do you even vote? Just look for whoever has a D after their name or what?


When you answer that the next question is: What are the conditions of debt forgiveness?

So far the Democrat candidates have called for 100% debt forgiveness and free college. I think they are all on board with this.

[Archigeek]

I thought we were having about as adult a conversation as we've ever had here on the PC.

[Tgo01]

I thought we were having about as adult a conversation as we've ever had here on the PC.

Backs are gonna Back.

[Back]

Back: Fuck the banks! They are making college too expensive!
Tgo01: Obama nationalized the student loan industry over 8 years ago and the cost of college has skyrocketed since then.
Back: Oh Obama did that? Great!

Why am I not surprised?

Why are you altering the log? I never said banks were making loans more expensive.


Are you just not paying attention to the Democrat candidates at all or what? How do you even vote? Just look for whoever has a D after their name or what?

So far the Democrat candidates have called for 100% debt forgiveness and free college. I think they are all on board with this.

When I go to the trouble of quoting someone, then asking them a question, I generally want to hear that person's answer to that question. But thanks for the input.

[Tgo01]

Why are you altering the log? I never said banks were making loans more expensive.

What's the problem with banks loaning people money then? Why is it a "great" thing that the federal government took over student loans? Hmmmmmmmm?


When I go to the trouble of quoting someone, then asking them a question, I generally want to hear that person's answer to that question. But thanks for the input.

In other words you really have no idea what's going on in the world of politics and this is all news to you. Got it.

[Parkbandit]

I'm laughing at the "things were shitty for me! they should be shitty for everyone else forever!" attitude.

Bitter old fucks want everyone to suffer like they did. Thats not how it works. We progress and make things easier for everyone as we grow. Wouldn't you want that for your own kids? Your kid's kids? If not you're not proving anything other than that you're a bitter asshole.

Fuck the banks anyway. The monetization of everything needs to end.

No one is saying that.

Simply stating that if you take out a loan, you should be responsible for said loan.

Stop proving you are the champion in every political thread.

We know.

We've known for 16 years.

Stop.

[Parkbandit]

Yep. Same thing different words.

What makes anyone think that today's kids are less responsible than yesterday's? Bitter old fucks.

We may as well do away with cars because back in the day a horse and buggy was just fine! Lazy kids these days want to drive cars!

Great. Fuck the banks anyway. The monetization of everything needs to end.

https://media.giphy.com/media/ADr35Z4TvATIc/giphy.gif

Just to note: It's not even Tuesday...

[Parkbandit]

You are very emotional about this subject.

Who is saying "we need to bail out people who got themselves into debt to go to college"?


So far, every Democrat running for President.. except MAYBE Biden and the guy from Colorado.

[Parkbandit]

I thought we were having about as adult a conversation as we've ever had here on the PC.

In Backlash's defense.. he's only an adult when it comes to his actual age.

He self identifies as a 12 year old retarded soy boy from Ohio.

[Parkbandit]

When I go to the trouble of quoting someone, then asking them a question, I generally want to hear that person's answer to that question. But thanks for the input.

Send them a private message then?

You do know how public forums work, right?

[Methais]

I'm laughing at the "things were shitty for me! they should be shitty for everyone else forever!" attitude.

Bitter old fucks want everyone to suffer like they did. Thats not how it works. We progress and make things easier for everyone as we grow. Wouldn't you want that for your own kids? Your kid's kids? If not you're not proving anything other than that you're a bitter asshole.

Fuck the banks anyway. The monetization of everything needs to end.

Shut up retard you’re retarded because you’re a retard.

[Methais]

Yep. Same thing different words.

What makes anyone think that today's kids are less responsible than yesterday's? Bitter old fucks.

We may as well do away with cars because back in the day a horse and buggy was just fine! Lazy kids these days want to drive cars!



Great. Fuck the banks anyway. The monetization of everything needs to end.

Shut up retard you’re retarded because you’re a retard.

2x

[Methais]

I'm laughing at the "things were shitty for me! they should be shitty for everyone else forever!" attitude.

Bitter old fucks want everyone to suffer like they did. Thats not how it works. We progress and make things easier for everyone as we grow. Wouldn't you want that for your own kids? Your kid's kids? If not you're not proving anything other than that you're a bitter asshole.

Fuck the banks anyway. The monetization of everything needs to end.


Yep. Same thing different words.

What makes anyone think that today's kids are less responsible than yesterday's? Bitter old fucks.

We may as well do away with cars because back in the day a horse and buggy was just fine! Lazy kids these days want to drive cars!



Great. Fuck the banks anyway. The monetization of everything needs to end.


You are very emotional about this subject.

This is one of the 9274737582928585820 things that makes you a retard.

[Methais]

What does Back think will happen if the monetization of everything ends? That people will still get up and go to work, technology will continue to get better, etc., all because everything is free now? Who will be making all of this free stuff for your loser soy ass?

Of all the retards who have been retarding it up on here over the years, you’re still king tard.

[Suppa Hobbit Mage]

I'm pretty sure Backrash is older than everyone except maybe PB.

[Methais]

I'm pretty sure Backrash is older than everyone except maybe PB.

Yes but his mental capacity is still only 10 years old.