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Thread: Obama to Announce Student Loan Relief Plan

  1. #181
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Grant View Post
    Of course prices will go up once the government gets more involved because money becomes less of a concern when it thought someone else is paying.. The same will happen with health care.
    So, why do nations with UHC spend less?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Krhazy View Post
    Why wouldn't it effectively put a cap on the amount students can get in loans? If loans are to be forgiven after 20 years at payments of 10% of income, you'd think that would eventually cause lenders to refuse to loan more than a certain amount (not sure what it would be, exactly, but should be estimatable).

    Not if those lenders are legally REQUIRED to approve people for those loans, ala the housing market problem.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by ksu_aviator View Post
    Doesn't anyone work hard and pay cash any more?

    I went to a 4 year school and paid for flight training all while working 2 jobs and paying for an apartment and car. Yes, it sucked. I had no life. I got up at 5:30 in the morning and spent the entire day working or going to classes and would drop dead around 11:30 at night. Only on every other Sunday did I have time to myself. But, I graduated with a 3.4 and zero debt. Yes, I could have had a better GPA and more fun if I had had a loan, but I had no debt.
    As an 18-20 year old highschool grad with zero higher ed, I can think of no legal way to make 30K a year...I think we can all agree that working those crappy 9 an hour burger flipping jobs ain't gonna cut it...
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by j-mac View Post
    Then maybe instead of trying to take a full course load every semester, the young person scales back. Sure that 4 year degree may take 6 years to complete, but still.

    j-mac
    And by the time they graduate, all their knowledge is useless, due to an ever changing world.

    I went to school full time, and when I started, digital photography was in it's infancy, and wasn't really taught. 3 months after I graduated, couldn't land even an assistant job without owning your own DSLR. Things change, and FAST, and the longer you spend at school, the farther behind you get left by those that CAN go fulltime.


    Remember, college is about leveling the playing field, the means by which a lower class person can change his/her financial fate.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Boo Radley View Post
    So, why do nations with UHC spend less?
    What do you think? Have you really given this any thought at all?

    They spend less because the patient care is much poorer.

    Do you really expect the first class service Americans have become accustomed to at cut rate prices? Does that make any sense to you at all?

    Other countries who have free enterprise medical systems, something Americans have abandoned in several areas. are already gearing up for first class Medical Tourism.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by KevinKohler View Post
    And by the time they graduate, all their knowledge is useless, due to an ever changing world.

    I went to school full time, and when I started, digital photography was in it's infancy, and wasn't really taught. 3 months after I graduated, couldn't land even an assistant job without owning your own DSLR. Things change, and FAST, and the longer you spend at school, the farther behind you get left by those that CAN go fulltime.


    Remember, college is about leveling the playing field, the means by which a lower class person can change his/her financial fate.
    School, after the first eight years, has largely become a waste of time. The exceptions are the medical field, etc. But it is highly over-rated and in many cases has become counter productive.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Grant View Post
    School, after the first eight years, has largely become a waste of time. The exceptions are the medical field, etc. But it is highly over-rated and in many cases has become counter productive.
    I wouldn't say first 8 years....I think general education is a good thing. Granted, I don't use much algebra in my day to day life, I don't regret learning it.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by KevinKohler View Post
    I wouldn't say first 8 years....I think general education is a good thing. Granted, I don't use much algebra in my day to day life, I don't regret learning it.
    There are many other things that you might have learned as well, How to make a salad, balance a checkbook, understand quality in clothing, understand a few basic tools. We've been teaching the same things for too long and always in a white collar direction.. Alexis de Tocqueville should be taught rather than algebra..

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Dickieboy View Post
    From one of you links:

    25-YEAR CANCELLATION If you repay under the IBR plan for 25 years and meet certain other requirements, any remaining balance will be canceled.

    And I understand BHO has further changed this to 20 years. Is 'canceled' synonymous with 'forgiven'?
    Under the law, federal student loans are already forgiven after 25 years. He's just knocking that period down by five years. Is such a measure liable to mean some students may not repaid their loans in full? I'm sure it will and that does concern me somewhat, but since his immediate repayment proposal is based strictly on how much the "student" earns and would increase his repayment consumate with his future earning (i.e., the student working part-time now as a cashier, waiter/waitress/hostess, landscaper, etc.) won't be doing that same job 3, 4, 5, 20 years from now assuming they're able to work in their degreed career field. I can speak on this because I have three young adult children between the ages of 19-23 who all work and one is attending out-of-state college on a full scholarship in aviation mechanics. The problem all three are facing right now is being able to afford to live on their own without my financial support.

    My son whose in college until recently had a difficult time finding work even part-time. My oldest son finally found a job that pays above minimum wage. I'm helping him to better manage his money and encouraging him to invest now while he's young. My daughter is just now beginning to get on her feet after experiencing a few setbacks (poor dear; Murphy's Law just won't leave this poor child alone). So, I understand the struggles these college-bound Occupiers are lamenting. I see it every day in the lives of my children.

    I really wish people would stop seeing things in such short-sighted, narrow views. Try to put yourself in someone else's shoes for a change.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Objective Voice View Post
    Under the law, federal student loans are already forgiven after 25 years. He's just knocking that period down by five years. Is such a measure liable to mean some students may not repaid their loans in full? I'm sure it will and that does concern me somewhat, but since his immediate repayment proposal is based strictly on how much the "student" earns and would increase his repayment consumate with his future earning (i.e., the student working part-time now as a cashier, waiter/waitress/hostess, landscaper, etc.) won't be doing that same job 3, 4, 5, 20 years from now assuming they're able to work in their degreed career field. I can speak on this because I have three young adult children between the ages of 19-23 who all work and one is attending out-of-state college on a full scholarship in aviation mechanics. The problem all three are facing right now is being able to afford to live on their own without my financial support.

    My son whose in college until recently had a difficult time finding work even part-time. My oldest son finally found a job that pays above minimum wage. I'm helping him to better manage his money and encouraging him to invest now while he's young. My daughter is just now beginning to get on her feet after experiencing a few setbacks (poor dear; Murphy's Law just won't leave this poor child alone). So, I understand the struggles these college-bound Occupiers are lamenting. I see it every day in the lives of my children.

    I really wish people would stop seeing things in such short-sighted, narrow views. Try to put yourself in someone else's shoes for a change.

    Wait a minute here. Did I just read you right? You are teaching your children to invest, while understanding the OWS'ers plight? Look we all pay our dues. Life is hard. My kids have a hard time as well. As do i, as do we all thanks to progressive policies that are the problem.

    J-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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