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Thread: Obama to Announce Student Loan Relief Plan

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by MrVicchio View Post
    No, I see it as a blatant bribe because that's what it is. What does this solve in terms of the cost of college? Nothing. What does it do? Takes tax payer monies and eases the current burden of high loan costs. Guess what! It's just gonna cause loans to go higher.

    Effective only as a short term political gimmick, nothing else.
    Anything that could possibly help young people is a political bribe, got it.
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Hare View Post
    Or maybe he believes that you shouldn't reward irresponsibility.
    Going to school is irresponsible?
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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Kandahar View Post
    I just ran the numbers for myself...and as someone who is currently $150K in debt from college and b-school, it wouldn't help me at all to take advantage of this option to lower my monthly payments. In fact, it would cost over $100K (I'd eventually get $80K of my principle forgiven, but I'd pay $180K in interest). If this plan doesn't even help someone with as much student debt as me, I'm not so sure it will help anyone. Not that this applies to me anyway...as I understand it this plan will only apply to new student loans.

    I like the idea of the government taking action on student debt, as it is indeed one cause of the massive debt overhang facing our economy. But this particular executive order doesn't really seem to do that much.





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    Re: Obama to Announce Student Loan Relief Plan

    More "free-stuff" from Obama and the liberals. More debt. What a jackass President.

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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?
    Expecting someone else to pay for your car, your house, your kids, your education .... yeah, it irre****ingsponsible.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Eighty Deuce View Post
    More "free-stuff" from Obama and the liberals. More debt. What a jackass President.
    What free stuff?

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by theplaydrive View Post
    What free stuff?
    Someone else has to pay for the education that they do not pay for now. After 10%. and 20 years, you no longer owe. Who's going to pick up that tab ?

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by Eighty Deuce View Post
    Someone else has to pay for the education that they do not pay for now. After 10%. and 20 years, you no longer owe. Who's going to pick up that tab ?
    I'm still waiting for the free part. You've only shown a discount.

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    Re: Obama to Announce Student Loan Relief Plan

    There is a difference between profiting from school loans, and providing this service at cost. The latter is what we should strive for. No one should have to pay for anyone's anything, but everyone should not be made into a profit cow from such services as education and college.

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    Re: Obama to Announce Student Loan Relief Plan

    Quote Originally Posted by theplaydrive View Post
    I'm still waiting for the free part. You've only shown a discount.
    Then you apparently lack the intellect to know the difference between debt forgiven, ie. paid for by someone else, and a "discount".

    Libs.

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