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

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

  1. #41
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by Zyphlin View Post
    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


    That was as pathetic an attempt at twisted propaganda as could be made.

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

    Quote Originally Posted by gdgyva View Post
    sure you do

    and we have the right to tell you that you are out of your mind
    Oh! I am out of my mind am I? Interesting you should make such an infantile statement.

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

    Quote Originally Posted by Luftwaffe View Post
    Are you suggesting I'm old/insanely wealthy?

    I'm a high school sophomore.
    That makes sense.

  4. #44
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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
    It is not that I am confused, rather it is that your understanding is shallow. Not only that but you likely have a personal grudge that you bring to the discussion. But that aside, one way that the government gets revenue is from taxing its citizens. Therefore, if the government is profiting from such loans, they can be viewed effectively as a tax.
    Well, no. While taxing is one way that the government brings in revenue, it is not the only way. A student loan is not a tax. Tax means something other than interest from a loan.
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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
    Perhaps it is time to stop being so callous about the practical situation that many young graduates face, and think about what will help, instead of eroding middle class purchasing power. What you have ignored is that real wages have stagnated in recent years. Therefore adding the burden of excessive interest rates does not help the middle class, but hurts it. The resulting decline in middle class purchasing power does not help the broader economy. Like I said, people who are too old and wealthy will likely be insensitive to this issue. However it is quite a significant challenge that young people must face today.
    It is a situation those young people can control. Don't want to pay for a student loan, do not get one. There are in fact other options. Complaining you have to pay for a service is kinda sad.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

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

    Quote Originally Posted by Redress View Post
    Tax and loan are two entirely different things. If I was to make a list of the top 1000 issues facing the middle class today, student loan rates would not even make the list.
    Student Loans would. And since they are large, their rates tag along.

    It is a situation those young people can control. Don't want to pay for a student loan, do not get one. There are in fact other options. Complaining you have to pay for a service is kinda sad.
    As even this administration has admitted, the federal interference in the student loan business has been spiking tuition costs upwards. I think there is a cause for complaint, there.

    But, broadly, yeah. Don't want to pay on a student loan (and you shouldn't)? Don't take one out.
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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
    Student Loans would. And since they are large, their rates tag along.



    As even this administration has admitted, the federal interference in the student loan business has been spiking tuition costs upwards. I think there is a cause for complaint, there.

    But, broadly, yeah. Don't want to pay on a student loan (and you shouldn't)? Don't take one out.
    It would be more of an issue if the GI Bill was not attainable by just about any one for a reasonable outlay of time. With that and still other options available, college is attainable by pretty much any one.
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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
    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?
    Saying the interest rate's too high and calling it a tax are two different things. The rate may well be too high but it is not, by any reasonable definition of the term a "tax". For one thing taxes are compulsory, you are not obligated to take a government backed student loan.
    Don't be a grammar nazi - Marcus Aurelius, Meditations, Book 1 #7

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

    Quote Originally Posted by Redress View Post
    It would be more of an issue if the GI Bill was not attainable by just about any one for a reasonable outlay of time. With that and still other options available, college is attainable by pretty much any one.
    I agree, part of this depends on what the student is after.
    If they just want a degree, that can be had fairly cheaply.
    (I think In Texas a person could get a BS degree for under for under about $25 K)
    If a person wants the college experience, with dorms and living away from home,
    the price goes up, a lot.

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

    Quote Originally Posted by Redress View Post
    It would be more of an issue if the GI Bill was not attainable by just about any one for a reasonable outlay of time. With that and still other options available, college is attainable by pretty much any one.
    True enough. The average person can still get through college, they just have to work at it (maybe that's the problem?)

    Which doesn't mean that the federal government should be making it harder by jacking up college costs.



    What percentage of student loans are non-performing? Seems a rather relevant figure to the OP.
    Worth noting, Democrats: President Trump will have a Pen and a Phone. #Precedent.

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