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

Voters
28. You may not vote on this poll
  • Yes

    13 46.43%
  • No

    13 46.43%
  • Maybe

    2 7.14%
  • Don't know

    0 0%
Page 4 of 27 FirstFirst ... 2345614 ... LastLast
Results 31 to 40 of 261

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

  1. #31
    Tavern Bartender
    Kinky tres borrachos's Avatar
    Join Date
    Feb 2012
    Location
    New England
    Last Seen
    05-02-17 @ 05:59 AM
    Gender
    Lean
    Moderate
    Posts
    38,185

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

    Quote Originally Posted by MildSteel View Post
    You are the one that is here bitching (again) about someone making the observation that the interest rates that the government is charging are too high. In case you don't understand, it's like this, since the government took over $15,000 of my money from my paycheck last year in the form of federal income tax, I have the right to voice my opinion on what those interest rates should be. Get it?
    If 6% is too high, then don't borrow someone else's money. The federal government doesn't exist to loan your kid money.

    Sure, you can voice your opinion all you want. I can also voice my opinion on your incessant whining posts. I just did that.
    Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields

  2. #32
    Banned
    Join Date
    Mar 2014
    Last Seen
    08-18-15 @ 08:36 AM
    Gender
    Lean
    Undisclosed
    Posts
    4,974

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

    Quote Originally Posted by tres borrachos View Post
    If 6% is too high, then don't borrow someone else's money. The federal government doesn't exist to loan your kid money.

    Sure, you can voice your opinion all you want. I can also voice my opinion on your incessant whining posts. I just did that.
    And I can voice my opinion about your incessant whining over my observation that the interest rates are too high. And because the government took a substantial portion of my paycheck in the form of income tax, it will continue to do it. Get it?

  3. #33
    Tavern Bartender
    Kinky tres borrachos's Avatar
    Join Date
    Feb 2012
    Location
    New England
    Last Seen
    05-02-17 @ 05:59 AM
    Gender
    Lean
    Moderate
    Posts
    38,185

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

    Quote Originally Posted by MildSteel View Post
    And I can voice my opinion about your incessant whining over my observation that the interest rates are too high. And because the government took a substantial portion of my paycheck in the form of income tax, it will continue to do it. Get it?
    Of course it will continue. If there's one thing we can count on, it's your baiting, whining polls.
    Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields

  4. #34
    Banned
    Join Date
    Mar 2014
    Last Seen
    08-18-15 @ 08:36 AM
    Gender
    Lean
    Undisclosed
    Posts
    4,974

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

    Quote Originally Posted by tres borrachos View Post
    Of course it will continue. If there's one thing we can count on, it's your baiting, whining polls.
    And if there is one thing we can count on, it is your whining responses.

  5. #35
    Sometimes wrong

    ttwtt78640's Avatar
    Join Date
    May 2012
    Location
    Uhland, Texas
    Last Seen
    Today @ 08:27 AM
    Gender
    Lean
    Libertarian
    Posts
    31,581

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

    Quote Originally Posted by MildSteel View Post
    I was talking to one of my daughters today. She was saying that it is ridiculous that the interest rate on her car loan is only 3 percent while the interest rate on her student loan is more than double that. Such gouging is no more than a tax that is being imposed on the middle class. It is especially disgusting at a time when Republicans are proposing tax cuts that will benefit the wealthy.
    Explain to your daughter the basic difference between secured and unsecured loans. Next discuss what would be a proper interest rate for an unsecured loan; perhaps by using a store credit card's interest rate as a baseline. While many view a student loan as investment a 'sure thing', perhaps a dose of reality is in order - explain to your daughter that the on time degree completion rate for college is far below that for HS which does not require any promise to repay a lender.
    “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

  6. #36
    Sage

    gdgyva's Avatar
    Join Date
    Jun 2014
    Location
    Abilene Texas
    Last Seen
    06-07-17 @ 03:17 PM
    Gender
    Lean
    Undisclosed
    Posts
    5,797

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

    Quote Originally Posted by MildSteel View Post
    What is moronic is ignoring that the average student indebtedness is over $28000 for students today. Students who recently graduated like my daughter face the task of repaying student loan debt. Of course people who are either too old or wealthy think that this topic is irrelevant. But to the many students facing this task, it is essentially a tax that is eroding the middle class.


    a. she could have worked her way through school and took out less in loans
    b. you could have helped her pay for school
    c. she could have gone to community college first, and then finished at a 4 yr university
    d. she could have joined the military, and used the gi bill to help pay the way
    e. she could have worked during the day, attended night classes and taken longer with less debt along the way
    f. she could have used dantes, clep, seminars, and a/p courses to make her credits needed lower
    g. she could have gotten better grades that led to scholarships, grants, etc while in high school


    there are countless things she COULD have done to lessen the amount of debt she accrued while attending college

    she signed the loan paperwork, and now she has to pay them back

    choices.....all choices
    “Most of the shadows of this life are caused by standing in one's own sunshine.”

    Ralph Waldo Emerson

  7. #37
    Sage

    gdgyva's Avatar
    Join Date
    Jun 2014
    Location
    Abilene Texas
    Last Seen
    06-07-17 @ 03:17 PM
    Gender
    Lean
    Undisclosed
    Posts
    5,797

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

    Quote Originally Posted by MildSteel View Post
    You are the one that is here bitching (again) about someone making the observation that the interest rates that the government is charging are too high. In case you don't understand, it's like this, since the government took over $15,000 of my money from my paycheck last year in the form of federal income tax, I have the right to voice my opinion on what those interest rates should be. Get it?

    sure you do

    and we have the right to tell you that you are out of your mind

    you dont like the rate, refinance it

    banks will refinance student loans.....shorter terms and lower rates means higher payments though

    but you just care about the rate, right?
    “Most of the shadows of this life are caused by standing in one's own sunshine.”

    Ralph Waldo Emerson

  8. #38
    Global Moderator
    Moderator

    Zyphlin's Avatar
    Join Date
    Jul 2005
    Location
    NoMoAuchie
    Last Seen
    @
    Gender
    Lean
    Independent
    Posts
    46,676

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

    The answer to this is "no", just like the answer is to most of your ridiculous biased, propogandizing, reality twisting polls. The two things in question are markedly different...but don't let that stop your crusade of propoganda

  9. #39
    cynical class clown
    Luftwaffe's Avatar
    Join Date
    May 2014
    Location
    CONNECTICUT
    Last Seen
    02-14-17 @ 08:14 AM
    Gender
    Lean
    Libertarian
    Posts
    10,352

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

    Quote Originally Posted by MildSteel View Post
    What is moronic is ignoring that the average student indebtedness is over $28000 for students today. Students who recently graduated like my daughter face the task of repaying student loan debt. Of course people who are either too old or wealthy think that this topic is irrelevant. But to the many students facing this task, it is essentially a tax that is eroding the middle class.
    Are you suggesting I'm old/insanely wealthy?

    I'm a high school sophomore.

    Do your **** and apply for a scholarship. If you take loans (take other people's money) then god-damn you will pay them back with any interest included. That's how loans work. You don't get free money.
    -----MOS 19D = cavalry scout = best damn MOS there is

  10. #40
    Banned
    Join Date
    Mar 2014
    Last Seen
    08-18-15 @ 08:36 AM
    Gender
    Lean
    Undisclosed
    Posts
    4,974

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

    Quote Originally Posted by ttwtt78640 View Post
    Explain to your daughter the basic difference between secured and unsecured loans. Next discuss what would be a proper interest rate for an unsecured loan; perhaps by using a store credit card's interest rate as a baseline. While many view a student loan as investment a 'sure thing', perhaps a dose of reality is in order - explain to your daughter that the on time degree completion rate for college is far below that for HS which does not require any promise to repay a lender.
    What is in order is an understanding that the loans are not for the sake of making a profit in that manner that private lending institutions make loans. Rather they are to facilitate higher education. As such, the interest rates are too high.

    That said, I notice your avatar. You should see what the tuition rates are for UT Austin these days. Factor in room and board, and those are some hefty costs.

Page 4 of 27 FirstFirst ... 2345614 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •