DiamondDave
Army Vet
"Pay As You Earn" Student Loan Plan Begins This Month | Indy's News Center - 93.1 WIBC Indianapolis - Live. Local. First.
Looks as though it is time to pander to the students who don't choose majors wisely and who already abuse the student loan program (which should not be a function of government anyway)
Let's see... capped at 10% of discretionary spending... hmm.... Dreadlock Dolly decides to major in Sanskrit with a minor in Gender Studies. Does not matter that paying 200K for these degrees won't really land a viable job, does not matter at all. Now Dreadlock Dolly decides to live in the cultural area of NYC or in SF, where rent is something like 2K a month for a 1BR. Can't get a good paying job with those degrees, and of course she does not want to work something 'beneath' her 'education'. Well, no need to worry about paying for those dreaded evil college loan bills. Dreadlock Dolly can recite gender poetry at the local cafe at nights earning practically nothing and supplement that with a job at Starbucks that barely covers her rent and food. Say she is lucky enough to earn 1K a month above what it costs for her housing, food, etc. Well, with this new idea, that leaves a max of $100 a month that she can be forced to pay toward HER debt. She continues to 'find herself' over the years, paying this amount. Well, after 20 years and lots of poetry readings, she has paid off a bit over 20K on her 200K loan for tuition. Well, all is to be forgiven and paid for by the actual taxpayer. After all, her 'education' is paramount
We really are fostering irresponsible behavior in this country, more and more. People thinking there is no need for personal responsibility, doing what you have to do, paying for what you want yourself, etc....
This is un-fucking-real
Looks as though it is time to pander to the students who don't choose majors wisely and who already abuse the student loan program (which should not be a function of government anyway)
Let's see... capped at 10% of discretionary spending... hmm.... Dreadlock Dolly decides to major in Sanskrit with a minor in Gender Studies. Does not matter that paying 200K for these degrees won't really land a viable job, does not matter at all. Now Dreadlock Dolly decides to live in the cultural area of NYC or in SF, where rent is something like 2K a month for a 1BR. Can't get a good paying job with those degrees, and of course she does not want to work something 'beneath' her 'education'. Well, no need to worry about paying for those dreaded evil college loan bills. Dreadlock Dolly can recite gender poetry at the local cafe at nights earning practically nothing and supplement that with a job at Starbucks that barely covers her rent and food. Say she is lucky enough to earn 1K a month above what it costs for her housing, food, etc. Well, with this new idea, that leaves a max of $100 a month that she can be forced to pay toward HER debt. She continues to 'find herself' over the years, paying this amount. Well, after 20 years and lots of poetry readings, she has paid off a bit over 20K on her 200K loan for tuition. Well, all is to be forgiven and paid for by the actual taxpayer. After all, her 'education' is paramount
We really are fostering irresponsible behavior in this country, more and more. People thinking there is no need for personal responsibility, doing what you have to do, paying for what you want yourself, etc....
This is un-fucking-real