GOP is making sure that student loan debt is crushing young people

Discussion in 'Education' started by rdean, Jun 11, 2014.

  1. deanrd
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    deanrd Gold Member

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    Yeah buy beer guns and vote Republican .
     
  2. Skull Pilot
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    Skull Pilot Diamond Member

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    what would two or three years worth if tuition money wasted by not getting a degree be worth?

    The average private college tuition is 50K

    So let's say your bright eyed kid enrolls in college and like 50% of all freshmen never graduates with a degree

    Instead of shelling out 150K on nothing he could have saved up for a down payment on a home, or started a business, or got some training for a job in the trades


    But I guess it's better for 50% of all freshmen who enroll in college to rack up debt and get absolutely nothing for it
     
  3. sealybobo
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    sealybobo BANNED

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    Back in 2015, the Obama administration issued a memo that prevented debt collectors from charging high interest rates on overdue student loans. So long as the borrower entered the government’s loan-rehabilitation program within 60 days of defaulting, agencies of the old, bank-based Federal Family Education Loan Program (FFELP) were forbidden from charging up to 16 percent of personal and accrued interest.
     
  4. sealybobo
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    sealybobo BANNED

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    It's also the Latin way

    Caveat emptor
     
  5. sealybobo
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    sealybobo BANNED

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    You would think that if EVERYONE is going to college it would lower the costs. Schools should have tons of money.
     
  6. sealybobo
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    sealybobo BANNED

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    This is the 2nd time in 2 days that liberal websites have made mountains out of molehills.

    1. Yesterday they said Rubio was trying to do away with Social Security. He was just trying to let people stay home with their newborns! If they stay home for a year then instead of 67 they would retire at 68. Or maybe later because the money they take now will be owed, with interest.

    So the only ones he's going to hurt are idiots who take him up on it. If it's that important to them, take the time off. But then you will owe that money back on the back end.

    2. I looked into this student loan thing. This will not affect new borrowers. And all they are doing is charging 16% to people who are defaulting on their loans. Fuck those people.
     
  7. deanrd
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    deanrd Gold Member

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    Even with the G.I. Bill and some money from where I work by the time I finished college I owed $56,000.
    Not only did I pay that off but I raised a family and I retired at 63.
    I retired a senior design engineer from a company that built custom equipment. I trained at least a dozen good engineers before I retired.
    If you go to college and you get a degree in Scottish clog dancing then yeah you’re going to have a problem getting a good job.
    But if you have a degree in Scottish clog dancing then you’re probably going to do better than a Republican who didn’t even finish high school.
    But it’s not all about college you could become an electrician or a plumber and make a very good living.

    The problem with Republicans is that they just don’t believe in education. No matter what it is.

    If Republicans did believe in education they wouldn’t vote into office people who cut funding for job training. Not just College, Republicans cut funding. How else are you going to pay for tax cuts for billionaires?
    .
     
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  8. Unkotare
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    Unkotare Diamond Member

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    100% relevant
     
  9. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    The anti-Republican circle jerk here is pretty amusing. None of you really have any fucking clue what you're talking about. The fact of the matter is Trump and DeVos are right to want to cut back on student loans because they are the number one driver in the inflation of tuition costs. The more loan money the federal government hands out like candy, the more colleges hike their tuition rates. They don't care if you default on your loans. It doesn't affect them at all. They have their money and they keep asking for more as long as you can borrow more. Compared to 30 years ago, administrative staff, who offer no direct benefit to the students, has ballooned. You've got professors making higher salaries for teaching fewer classes. You've got graduation requirements that are completely irrelevant to your degree path. I went all the way through graduate school and have an MBA. I have seen it first hand. The New York Times did a very informative piece on this a few year ago

    Opinion | The Real Reason College Tuition Costs So Much

    Meanwhile, we have a shortage in skilled labor: plumbers, contractors, electricians, welders, etc. all jobs that pay decent money that one can make a living in without going tens of thousands of dollars into debt, because schools keep pushing students into an unnecessary college career and perpetuate this stigma that if you don't go to college you're some kind of loser.

    We don't need more people in college. We do, in fact, need less, and our high school education needs to be a hell of a lot better because we have one of the worst performing public education systems in the industrialized world.
     
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    Last edited: Aug 30, 2018
  10. Unkotare
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