View Poll Results: Are high student loan interest rates a form of tax on the middle class?

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  • Yes

    13 46.43%
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    13 46.43%
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Thread: Are high student loan interest rates a form of tax on the middle class?

  1. #121
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by MildSteel View Post
    No, my daughter took out the loan, and she is paying it back. Do you understand that? What I am saying is that the interest rates the she is paying are too high. Do you understand that?
    So your daughter made this decision by herself with no input from you, and now you choose to complain about the interest rates?

    Really?
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  2. #122
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by SMTA View Post
    So, you elected not to counsel her about the cost of education, the long term effect of interest rates, and did not discuss applying to cheaper schools?
    What I am saying is that my daughter took out the loan. Do you understand that? My daughter is paying back the loan. Do you understand that? I AM SAYING that the interest rate she is paying on the loan is too high. Do you understand that?

    Quote Originally Posted by SMTA View Post
    In other words, you were not involved in her college choice, but decided to now complain about interest rates that you had no involvement with, and you do not have to pay?
    In other words what you are saying is that you don't really have anything substantial to say about what the loan interest rates should be, but rather are making unsubstantiated claims about things that you nothing about to mask your inability to make a substantial argument on the subject matter that is being discussed.

  3. #123
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by SMTA View Post
    So your daughter made this decision by herself with no input from you, and now you choose to complain about the interest rates?

    Really?
    So you are making unsubstantiated claims about things that you know nothing about to mask your lack of ability to make a substantial contribution to the subject matter?

    Really?

    Interesting.

  4. #124
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by MildSteel View Post
    No, my daughter took out the loan, and she is paying it back. Do you understand that? What I am saying is that the interest rates the she is paying are too high. Do you understand that?
    Maybe she should have looked at the interest rate before signing the paperwork, eh?

    Why would you complain on the internet about the rates as opposed to help her make decisions about her education prior to signing the paperwork?

    If you had determined that the interest rates were too high before signing the loan, all of this would have been avoided.

    Day late, dollar short, eh?
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  5. #125
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by MildSteel View Post
    So you are making unsubstantiated claims about things that you know nothing about to mask your lack of ability to make a substantial contribution to the subject matter?

    Really?

    Interesting.
    Ah, so you told her to sign the paperwork, knowing the interest rate up front.

    I see.
    Greatness lies not in being strong, but in the right use of strength - Henry Ward Beecher
    Baby sister, I was born game and I intend to go out that way - Rooster Cogburn

  6. #126
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by SMTA View Post
    Maybe she should have looked at the interest rate before signing the paperwork, eh?
    Even if she looked at the interest rate, I AM SAYING that the interest rate she is being charged is too high. Get it?

    Quote Originally Posted by SMTA View Post
    Why would you complain on the internet about the rates as opposed to help her make decisions about her education prior to signing the paperwork?

    If you had determined that the interest rates were too high before signing the loan, all of this would have been avoided.

    Day late, dollar short, eh?
    I am discussing the matter on the internet. If you don't like what I have to say, if you find it disturbing, then don't listen. Otherwise, I AM SAYING, that the interest rate that my daughter is paying on her student loan is too high.

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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by SMTA View Post
    Ah, so you told her to sign the paperwork, knowing the interest rate up front.

    I see.
    Ah! So you continue to make unsubstantiated claims to mask your inability to make a substantial contribution to the subject matter at hand.

    I see.

  8. #128
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by MildSteel View Post
    My daughter can repay the loan. The interest rates are too high.
    A massive % of student loans are non-performing, and their prevalence are driving college costs stratospherically upward. If anything, the rates are too low, as they are not pushing people to seek other options.

    My daughter is capable of repaying the debt, has a job making north of $50,000 a year, and is repaying the debt. It is not sinful to borrow money, what is sinful is not repaying it because that is stealing, and usury, which is charging excessive interest rates.
    Oh I agree, from a Biblical standpoint debt isn't sinful - it's merely dangerous, debilitating, and dumb.


    But I'm glad to hear your daughter has landed on her feet. That puts her well ahead of many in her generation, who are currently discussing all the sociology they learned while serving as barista's at Starbucks. Hopefully this experience is a good learning tool for her about the pain associated with having to dig your way up and out of debt.
    Worth noting, Democrats: President Trump will have a Pen and a Phone. #Precedent.

  9. #129
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by MildSteel View Post
    Even if she looked at the interest rate, I AM SAYING that the interest rate she is being charged is too high. Get it?



    I am discussing the matter on the internet. If you don't like what I have to say, if you find it disturbing, then don't listen. Otherwise, I AM SAYING, that the interest rate that my daughter is paying on her student loan is too high.
    And I am telling you that it is her fault, and yours, for not having that revelation prior to signing the paperwork.

    It is ridiculous to waste bandwidth to complain about the cost of money (called interest) that you already knew prior to signing the contract.

    Truthfully, it makes you look foolish for making the decision in the first place.
    Greatness lies not in being strong, but in the right use of strength - Henry Ward Beecher
    Baby sister, I was born game and I intend to go out that way - Rooster Cogburn

  10. #130
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by cpwill View Post
    A massive % of student loans are non-performing, and their prevalence are driving college costs stratospherically upward. If anything, the rates are too low, as they are not pushing people to seek other options.
    They are too high because the purpose should be to facilitate the educational needs of citizens, not to make a profit. The spread between the rate the government borrows money and what it is charging student loan customers is too large.


    Quote Originally Posted by cpwill View Post
    Oh I agree, from a Biblical standpoint debt isn't sinful - it's merely dangerous, debilitating, and dumb.
    It is most certainly dangerous, and it can be debilitating and dumb, but not necessarily.

    Quote Originally Posted by cpwill View Post
    But I'm glad to hear your daughter has landed on her feet. That puts her well ahead of many in her generation, who are currently discussing all the sociology they learned while serving as barista's at Starbucks. Hopefully this experience is a good learning tool for her about the pain associated with having to dig your way up and out of debt.
    Thanks. She was adamant about going to that school. It was a bit more expensive and selective than some other choices available to her, but that is what she wanted to do. Definitely a good learning experience in that regard, no doubt.

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