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Thread: Obama to take Executive Steps on Student Loans.....

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by Threegoofs View Post
    The reason is that a good college education, even at the currently inflated prices, is a bargain in the long term.

    I see a lot of whining about how Obama hasn't created jobs for college grads. But the unemployment rate for college graduates is about 3%....which is basically full employment.

    Table A-4. Employment status of the civilian population 25 years and over by educational attainment

    What the administration is doing is trying to help college students amortize their debt over longer periods.

    I'm not sure why all these right wing socialists here want the government to lower the cost of education. I thought they wanted the free market to rule...
    Free market rule would bring the cost down. It is the government guaranteed loans that are inflating the costs.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by Dittohead not! View Post
    Free market rule would bring the cost down. It is the government guaranteed loans that are inflating the costs.
    I'm not sure this is really true.

    Costs are actually not that unreasonable.... Two years at a CC, then under 10k tuition a year at most decent public universities.

    Sure, if you want to go OOS and live on campus, it's going to cost.
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by Threegoofs View Post
    I'm not sure this is really true.

    Costs are actually not that unreasonable.... Two years at a CC, then under 10k tuition a year at most decent public universities.

    Sure, if you want to go OOS and live on campus, it's going to cost.
    That's 10K a year + whatever they get from the state government.
    It used to be possible to work your way through college, to earn enough working summers and part time during the year to pay as you went and not have any debt at all a the end. I graduated with a BA in 1964, broke but out of debt that way. There was nothing unusual about graduating debt free at that time. It was, in fact, the norm. Then we started having easy credit, and tuitions soared. Now, it is not possible to make enough to go to school full time any more.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by Dittohead not! View Post
    That's 10K a year + whatever they get from the state government.
    It used to be possible to work your way through college, to earn enough working summers and part time during the year to pay as you went and not have any debt at all a the end. I graduated with a BA in 1964, broke but out of debt that way. There was nothing unusual about graduating debt free at that time. It was, in fact, the norm. Then we started having easy credit, and tuitions soared. Now, it is not possible to make enough to go to school full time any more.
    Yes, it's tougher. But not impossible.
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by Threegoofs View Post
    Yes, it's tougher. But not impossible.
    a lot tougher, and unnecessarily so.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by Dittohead not! View Post
    a lot tougher, and unnecessarily so.
    Again, the return on investment is high. I don't think it's too tough, considering the rewards.
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

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    Re: Obama to take Executive Steps on Student Loans.....

    Quote Originally Posted by Threegoofs View Post
    Again, the return on investment is high. I don't think it's too tough, considering the rewards.
    I think it depends on the course of study now. It used to be that having a BA was like having a hunting license for a good job, and that you could be trained on the job. I'm not sure that paradigm works so well any more. If you get a degree in an in demand skill, then it is a good investment despite the increasing costs. What is not necessary is the actual cost of college. Costs are being artificially inflated it seems to me.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Obama to take Executive Steps on Student Loans.....

    Student loans shouldn't even exist, at least for undergraduate students. Public colleges should be free. College degrees are basically what a high school degree used to be. Unless you have some skill that you can earn money from or have graduated from a vocational school, your only hope of becoming a member of the middle class is to have a college degree. Local governments should cover the costs of a university education just like they fund high schools.
    AN AUTHORITARIAN SOCIALIST OPPOSED TO GLOBALISM, ZIONISM, AND FEMINISM, AND IN FAVOR OF SOVEREIGN NATIONS, A PALESTINIAN STATE, AND MEN'S RIGHTS!

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