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Thread: Obama to Announce Student Loan Relief Plan

  1. #91
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by SheWolf View Post
    The principle on my debt is over 60,000 and the interest makes it nearly 100,000... and I have a masters in accounting. ****. I could own a house for this amount of debt. I am in my 20s, not married, no kids, and being in this situation sucks, especially with the ****ty job market. I am not going to be able to afford buying a home or even having kids for years. I really do think the cost of our education is unbelievably high and ridiculous, and it should be addressed. I'd love to see the political discussion shift to this issue for once.
    Obama maing all student loans through the Fed isn't helping the cost of tuition.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by MrVicchio View Post
    Yeah yeah yeah, it's not your fault, you['re a victim, woes you. I was unemployed for nine months last year into this. I didn't take a single handout, my wife and I lived off her paycheck and made huge cuts in what we were doing till I landed a job, I just got a raise, life is turning around.
    Not everyone has a sugar mama to mooch off of for nine months.

    We have common sense, we also realize that life, isn't fair. I have compassion for your situation, it sucks, but crying about it doesn't solve anything, demanding that you get a to steal from others so your life is a little better makes you better then the "criminals" you are complaining about how again?
    I like the qualifier that you have compassion right before you prove that that isn't the case. In any event, it's not really about compassion (although that aspect should not be overlooked). It's about the fact that our economy cannot truly start growing again until we do something about debt overhang. Remember that this isn't an ordinary recession, it's a fundamentally different animal because it involved a financial crisis caused by too much debt. And until we resolve that fundamental problem by helping people deleverage, economic growth will continue to be stagnant. Sure, we might get a brief spurt of economic growth followed by another dip into recession here and there, but on the whole the economy will not grow very much until people deleverage some of their debt.
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Boo Radley View Post
    It doesn't answer the question. if you've paid on the loan for 20-25 years, you likley don't have a balance. And he seems to be speaking of interest lost, and not necessarily prinicple.
    That is pure assumption on your part, and flies in the face of current evidence, and pretty simple logic.

    We have climbing tuition. Four years in a private college can easily cost over $200K. We have already provided mathematical models to show where it is not repaid.

    More importantly, we have created the moral hazard. Once someone knows that their repayment is capped at 10% of income after taxes above the poverty line, there is no incentive to not become an education pig. It is essentially no different than someone who bought a house in 2005, but did not have to worry about whether they could afford it, as they assumed its value would keep going up, and they could take second mortgages, or sell for a profit, and therefore felt they were not exposed to the consequences of their bad financial decisions.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Eighty Deuce View Post
    Then you apparently lack the intellect to know the difference between debt forgiven, ie. paid for by someone else, and a "discount".

    Libs.
    No, I understand what "debt forgiven" means. I also understand that, as you said, people are required to pay back 10% of their loans before it's forgiven. Again, that's a discount, that's not free. But you probably already realized that since you decided to rely on personal attacks rather than substance.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Jryan View Post
    No what is stupid is the price to get those degrees. So you think everyone should get a degree to be a lawyer, that way they can pay off their student loans. Insanity...
    Perhaps we should look at the salaries of all those professors.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Your Star View Post
    You only see it as a blatant bribe for votes because you don't like him.
    It's not a bribe. It's bailout. Either way, it's political pandering with my money.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama to Announce Student Loan Relief Plan

    I support our youth and the future of this nation, so I support this plan.

    With all of the money we've spent on wars since 2000, we could have paid off the nation's tuition debt and ensured that our most skilled and educated rise to their potential.

    It's about time that the government showed some sense of social priorities.

  8. #98
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by apdst View Post
    Perhaps we should look at the salaries of all those professors.
    Did a quick refresh and saw this. I'm studying for a test that I have tomorrow, but I felt this needed to be answered.

    "States are paying less of the cost than they used to," Baum says. She adds that as state budgets shrink, the students' share of paying for education goes up.
    Hmmmm... States paying less of the cost for educations.
    Terry Hartle of the American Council on Education says that's because schools are paying more for talent.

    "Now we're competing in a global economy," Hartle says, "so if you want to get the best scientists, the best engineers ... you're literally competing with universities and employers from around the globe."
    Capitalism has its downfalls.
    Richard Vedder, who runs the Center for College Affordability and Productivity, says the more government aid goes up, the more tuition rises. He says limits on grants and loan subsidies would cap spiraling tuition prices.
    I guess government grants has its downfalls. The more people who have grants, the more the college can raise tuition. If a business knows its customer has access to money, would they not raise prices? Again, capitalism at its worst.

    The problem is compounded because people are less able to pay. Incomes are stagnant, some parents are unemployed, and many can no longer get low-interest home-equity loans because home values have fallen.
    Looks like another system that is screwed and rigged for the rich.

    Source: Why Is College So Expensive? : NPR
    I'm coming to see that no matter what law we regulate, be it the stand your ground act, there is never an objective morally right answer to any morale question; in fact, since there are multiple objectively right answers to every moral question that leaves us with a lot of grey area and a lot of black area (not in the racial since).
    -Jryan

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Your Star View Post
    Going to school is irresponsible?
    No, but getting so far into debt tht you can't pay for it and have to beg the government to bail you out, is.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Temporal View Post
    I support our youth and the future of this nation, so I support this plan.

    With all of the money we've spent on wars since 2000, we could have paid off the nation's tuition debt and ensured that our most skilled and educated rise to their potential.

    It's about time that the government showed some sense of social priorities.
    Anyone that can't figure out a way to off his student loans isn't going to make in the real world, anyway.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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