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Thread: Trump to propose scrapping student loan forgiveness program

  1. #91
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    Re: Trump to propose scrapping student loan forgiveness program

    Quote Originally Posted by TurtleDude View Post
    my last year in college was about 10K a year (81) the same place is now around 65K

    unbelievable
    That's common, and I don't believe it's normal inflation and expenses.
    The same people who say we need guns to protect us from the tyranny of government
    also say we should give complete blind faith and obedience to the police… which is part of government…
    the very people that would be the ones being tyrannical.

  2. #92
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    Re: Trump to propose scrapping student loan forgiveness program

    I might be mistaken, but are some people actually advocating that it's acceptable for the government to not honor an agreement that they freely took part in?

    Changing the terms going forward is fine, but breaking a past agreement is not.
    The same people who say we need guns to protect us from the tyranny of government
    also say we should give complete blind faith and obedience to the police… which is part of government…
    the very people that would be the ones being tyrannical.

  3. #93
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    Re: Trump to propose scrapping student loan forgiveness program

    Quote Originally Posted by CriticalThought View Post
    Well...if the federal government can renege on the loan promissory note terms, why should I be bound by them?
    Because we are bigger than you.

    When Uncle Sugar speaks you have to listen

  4. #94
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    Re: Trump to propose scrapping student loan forgiveness program

    Quote Originally Posted by CriticalThought View Post
    Trump to propose scrapping beleaguered student loan forgiveness program ? report - MarketWatch

    Well that royally sucks. This is a program that was contractually included in every loan promissory note I signed. I made major financial decisions based on the federal government's promise with this program. I could have refinanced my student loans at a lower interest rate through a private lender. I could have gone into a more lucrative field in the private sector. I could have put off buying a house until I paid down my balance. And now two billionaires are going to make the federal government renege on its contracts with people who made the apparent mistake of believing in going into the poorly paid public sector.

    I am not saying the program isn't flawed and that caps should not have been put in place a long time ago but when you are talking about a program that people made huge life altering decisions about and it looks like you aren't even going to grandfather in those who have been doing their part, well...I think I have reached my limit. I am going to find Maggie's old post about things I can be doing and I am fully joining the resistance.
    To me it would make more sense to scrap the loan program itself. Not an appropriate goal for government.

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    Re: Trump to propose scrapping student loan forgiveness program

    Quote Originally Posted by CriticalThought View Post
    Isn't the cost of living in parts of California so absurd that in some cases a family of 4 making 100k are considered barely above poverty? Maybe you could use a less weird state with less convoluted averages to make your argument.

    1 out of 8 people living in the United States live in California. That's a rather big sample set. That it doesn't support your argument is not my problem but yours.

    I asked if you could back your argument with more teeth, but it appears you'd rather question the information I provided.

  6. #96
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    Re: Trump to propose scrapping student loan forgiveness program

    Quote Originally Posted by CriticalThought View Post
    Trump to propose scrapping beleaguered student loan forgiveness program ? report - MarketWatch

    Well that royally sucks. This is a program that was contractually included in every loan promissory note I signed. I made major financial decisions based on the federal government's promise with this program. I could have refinanced my student loans at a lower interest rate through a private lender. I could have gone into a more lucrative field in the private sector. I could have put off buying a house until I paid down my balance. And now two billionaires are going to make the federal government renege on its contracts with people who made the apparent mistake of believing in going into the poorly paid public sector.

    I am not saying the program isn't flawed and that caps should not have been put in place a long time ago but when you are talking about a program that people made huge life altering decisions about and it looks like you aren't even going to grandfather in those who have been doing their part, well...I think I have reached my limit. I am going to find Maggie's old post about things I can be doing and I am fully joining the resistance.
    Try this on for size... Buy your own stuff! The federal government pays for nothing!!! A taxpayer does and we/ they were or are paying for you!! Fair?? I think not..

    Sent from my SM-G920R4 using Tapatalk

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    Re: Trump to propose scrapping student loan forgiveness program

    Quote Originally Posted by radcen View Post
    I might be mistaken, but are some people actually advocating that it's acceptable for the government to not honor an agreement that they freely took part in?

    Changing the terms going forward is fine, but breaking a past agreement is not.
    I assume the decision is not retroactive

    Meaning we are not going to wake up the teachers and social workers at their jobs and make them pay

    But going forward no new nelfare candidates will be accepted

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