View Poll Results: Are student loan interest rates to high?

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Thread: Are student loan interest rates to high?

  1. #81
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    Re: Are student loan interest rates to high?

    Quote Originally Posted by Helix View Post
    kids shouldn't be allowed to drop out of high school, because that costs society (the society that you are a member of and benefit from) a lot of money. there is no good reason to let kids quit school. finish ****ing high school.
    Or simply continue to pay them later when they do not. What caused that cost to society other than letting HS drop outs collect public benefits in the first place? Your suggestion assumes that these folks will suddenly stop being drop outs from the labor force, start listening to their bosses and will accept entry level jobs that pay no more than the dole does. We now have millions of "undocumented" workers that also lack HS educations and have very poor English skills yet the vast majority of them survive, and raise children, without the need of federal "safety net" assistance. How is that possible when our own citizens are said to require public assistance simply to survive?
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  2. #82
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    Re: Are student loan interest rates to high?

    Quote Originally Posted by ttwtt78640 View Post
    Or simply continue to pay them later when they do not. What caused that cost to society other than letting HS drop outs collect public benefits in the first place? Your suggestion assumes that these folks will suddenly stop being drop outs from the labor force, start listening to their bosses and will accept entry level jobs that pay no more than the dole does. We now have millions of "undocumented" workers that also lack HS educations and have very poor English skills yet the vast majority of them survive, and raise children, without the need of federal "safety net" assistance. How is that possible when our own citizens are said to require public assistance simply to survive?
    you pay for the health care of undocumented immigrants. you pay for public assistance and health care for high school drop outs.

    there's no benefit in letting kids drop out of school. we can spend five pages on it, and there will still be no benefit.

  3. #83
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    Re: Are student loan interest rates to high?

    Nobody who hasn't been to college in the last five years, or at least the last ten years, should even think about pretending to be an expert on this subject. So if any of you have tried playing the "Back in my day, I was responsible and didn't rack up student loan debt," then kindly STFU before you make an even bigger fool of yourself.



    Quote Originally Posted by KevinKohler View Post
    Yep. And we continue to play the game because, these days, you need a degree just to be a retail dept manager.
    This is not part of the problem. This is THE problem. Tell me, why the hell does a plumber need to know calculus? Or an office manager need to know the history of Medieval Europe? Or anyone who doesn't work in the Vatican need to know Latin? It's stupid that corporations would expect their employees to possess that depth of niche knowledge just to get in. What about practical skills? Like how to amortize a loan? Or how to properly use gerunds? Or cultural knowledge of different groups and cultures just within the United States? These are the kinds of skills most of us need beyond a grade-school education. These are what will help our workers return our economic engine to the powerhouse that it was in the middle of the 20th century.
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  4. #84
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    Re: Are student loan interest rates to high?

    Quote Originally Posted by Helix View Post
    you pay for the health care of undocumented immigrants. you pay for public assistance and health care for high school drop outs.

    there's no benefit in letting kids drop out of school. we can spend five pages on it, and there will still be no benefit.
    We can spend billions on new federally funded stay in school nannies and we will still have folks that drop out and say they need the dole and medical care assistance. Even with PPACA "for all" we kept the EMTA and expanded Medicaid - stop with the we need more government programs and staff. We need folks that will voluntarily go to free public HS, learn what is taught, graduate and then work to support themselves (and their dependents) not more entitlement programs, more government nannies and a bigger government.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  5. #85
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    Re: Are student loan interest rates to high?

    The main thing is that school loans can not be defaulted on but banks and wall street can... it is bull**** to reward the rich and punish the poor/workers.
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    Usually a gag for wise mouthed insulting little girls. Then some good nylon rope so I can tie them up, toss them in the trunk of my car and forget about them.

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    Re: Are student loan interest rates to high?

    Quote Originally Posted by ttwtt78640 View Post
    We can spend billions on new federally funded stay in school nannies and we will still have folks that drop out and say they need the dole and medical care assistance. Even with PPACA "for all" we kept the EMTA and expanded Medicaid - stop with the we need more government programs and staff. We need folks that will voluntarily go to free public HS, learn what is taught, graduate and then work to support themselves (and their dependents) not more entitlement programs, more government nannies and a bigger government.
    there's still no good reason to let kids drop out, and it still costs us a ton of money.

  7. #87
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    Re: Are student loan interest rates to high?

    Quote Originally Posted by Phys251 View Post
    Nobody who hasn't been to college in the last five years, or at least the last ten years, should even think about pretending to be an expert on this subject. So if any of you have tried playing the "Back in my day, I was responsible and didn't rack up student loan debt," then kindly STFU before you make an even bigger fool of yourself.
    Yea, I graduated less than five years ago. Paid cash the whole way... took me nearly 10 years. I worked full time pushing a mower and did school nights and weekends, oh and also volunteered in a grief counseling center and as a youth wrestling coach, all that as a single dad.... so yea don't want to hear about "needing" loans.





    Quote Originally Posted by Phys251 View Post
    This is not part of the problem. This is THE problem. Tell me, why the hell does a plumber need to know calculus? Or an office manager need to know the history of Medieval Europe? Or anyone who doesn't work in the Vatican need to know Latin? It's stupid that corporations would expect their employees to possess that depth of niche knowledge just to get in. What about practical skills? Like how to amortize a loan? Or how to properly use gerunds? Or cultural knowledge of different groups and cultures just within the United States? These are the kinds of skills most of us need beyond a grade-school education. These are what will help our workers return our economic engine to the powerhouse that it was in the middle of the 20th century.
    OK
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  8. #88
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    Re: Are student loan interest rates to high?

    Oh, and this:


    Inb4 OH GAWD LIBRUL SOSHALIST BIG SPENDIN' TAXUZ!
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  9. #89
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    Re: Are student loan interest rates to high?

    Quote Originally Posted by KevinKohler View Post
    My student loans are locked in at almost 3%.



    The way I understand the lending process to be, the riskier the loan, IE, if a bank feels that giving person A money is a higher risk than person B, then they increase the interest for person A.

    With that in mind, student loans are the LEAST risky loans a bank can ever do, because there is no debt forgiveness on them. A student loan is with you FO LIFE, or until they are paid, period. Which means, low risk, which means...low interest...?
    Student loans are among the most risky loans to be had.

    You have a borrower with no credit history. You have no collateral. You have an outstanding debt without payment for years. And if you knew anything about banking (it does not appear that you do), carrying a balance on their books for decades is not what they're supposed to do for many reasons.

    Most banks aren't in the student loan business anymore and most of them are damn glad they aren't.
    Last edited by tres borrachos; 03-23-15 at 08:38 AM.
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  10. #90
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    Re: Are student loan interest rates to high?

    Quote Originally Posted by Phys251 View Post
    Nobody who hasn't been to college in the last five years, or at least the last ten years, should even think about pretending to be an expert on this subject. So if any of you have tried playing the "Back in my day, I was responsible and didn't rack up student loan debt," then kindly STFU before you make an even bigger fool of yourself.





    This is not part of the problem. This is THE problem. Tell me, why the hell does a plumber need to know calculus? Or an office manager need to know the history of Medieval Europe? Or anyone who doesn't work in the Vatican need to know Latin? It's stupid that corporations would expect their employees to possess that depth of niche knowledge just to get in. What about practical skills? Like how to amortize a loan? Or how to properly use gerunds? Or cultural knowledge of different groups and cultures just within the United States? These are the kinds of skills most of us need beyond a grade-school education. These are what will help our workers return our economic engine to the powerhouse that it was in the middle of the 20th century.
    You didn't seriously type that about Latin, did you?
    Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields

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