Defaulting on Student Loans

[pknopp]

'I also defaulted': Congresswoman Ayanna Pressley reveals her experience with student loan debt

Speaking during a press conference organized by the American Federation of Teachers, the congresswoman shared her experience with student loan debt, connecting her story to the experience felt by millions of others in America.

www.yahoo.com

This is a prime example of just a terrible precedent set. This lady from my state mind you, did not budget appropriately so she defaulted on her loans. That to me is not a pity moment but a teaching experience of don't take on more debt than you are able to handle. Period. End of story. What is interesting is that most universities lean far left but they have zero issue taking money from minorities and telling the Gov't its your problem not ours. Universities and NOT the tax payers should be responsible for this. If Brandeis University for example charges $150k for a degree in history and the graduate (who took out loans) doesn't have the means to earn sufficient monies to repay the debt then Brandeis should be partially responsible. Maybe universities should publish average salaries of graduates and then publish how much they need to grow to repay debt obligations? A repayment calculator?

This is a major issue and no one is holding universities responsible? Why?! Why must taxpayers be forced to cover this shortfall. Many prominent politicians mentioned. Such as Ilhan Omar, who I guess has a lot of student loan debt to repay. Maybe go into business, get a 2nd job, etc. Don't go into Gov't. Your debt, your responsibility. Not mine!

View attachment 460371

Difficult question, while I empathize with the student, I can't excuse them. Or the public schools either. It is incumbent on the public schools to prepare the future college students for common life problems--like dealing with debt. Many of these students are making enough money to pay the loans back, but they choose to maintain the debt for years because of low interest rates. They fail to look at the big picture that they are flushing that interest payment down the crapper every month for years. Our education system is failing miserably in preparing these students.

These loans have HIGH rates.

Average Student Loan Interest Rates in 2021 | Credible

4.6 - 7.3% during a time Wall Street was getting money for practically nothing. Why is that Wall Street shouldnt have to learn to live within it's means?

Financials institutions do this because the loans are backed by Govt guarantees.

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

It’s a boost sure but the intent was to keep people employed. What do you mean I ignored? I was Always against it. I am 100% behind free markets and minimal Govt interference. Have never changed that position.

When do you suppose it will stop? Getting an education is done to boost business also.

As long as we are boosting wall street I'm going to support any program designed to help people on the street.

Only if the education is in business/finance or another marketable skill. It will stop when Congress has the balls to stop it but in reality corporate America runs this country. So not for a long time unfortunately.

So I'm going to support anything that messes with that.

 

[AzogtheDefiler]

'I also defaulted': Congresswoman Ayanna Pressley reveals her experience with student loan debt

Speaking during a press conference organized by the American Federation of Teachers, the congresswoman shared her experience with student loan debt, connecting her story to the experience felt by millions of others in America.

www.yahoo.com

This is a prime example of just a terrible precedent set. This lady from my state mind you, did not budget appropriately so she defaulted on her loans. That to me is not a pity moment but a teaching experience of don't take on more debt than you are able to handle. Period. End of story. What is interesting is that most universities lean far left but they have zero issue taking money from minorities and telling the Gov't its your problem not ours. Universities and NOT the tax payers should be responsible for this. If Brandeis University for example charges $150k for a degree in history and the graduate (who took out loans) doesn't have the means to earn sufficient monies to repay the debt then Brandeis should be partially responsible. Maybe universities should publish average salaries of graduates and then publish how much they need to grow to repay debt obligations? A repayment calculator?

This is a major issue and no one is holding universities responsible? Why?! Why must taxpayers be forced to cover this shortfall. Many prominent politicians mentioned. Such as Ilhan Omar, who I guess has a lot of student loan debt to repay. Maybe go into business, get a 2nd job, etc. Don't go into Gov't. Your debt, your responsibility. Not mine!

View attachment 460371

Difficult question, while I empathize with the student, I can't excuse them. Or the public schools either. It is incumbent on the public schools to prepare the future college students for common life problems--like dealing with debt. Many of these students are making enough money to pay the loans back, but they choose to maintain the debt for years because of low interest rates. They fail to look at the big picture that they are flushing that interest payment down the crapper every month for years. Our education system is failing miserably in preparing these students.

These loans have HIGH rates.

Average Student Loan Interest Rates in 2021 | Credible

4.6 - 7.3% during a time Wall Street was getting money for practically nothing. Why is that Wall Street shouldnt have to learn to live within it's means?

Financials institutions do this because the loans are backed by Govt guarantees.

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.

We have been doing this since 2008. Wall Street has thrived while Main Street has barely treaded water or fell further behind.

Correct. We started printing money and never stopped.

 

[pknopp]

'I also defaulted': Congresswoman Ayanna Pressley reveals her experience with student loan debt

Speaking during a press conference organized by the American Federation of Teachers, the congresswoman shared her experience with student loan debt, connecting her story to the experience felt by millions of others in America.

www.yahoo.com

This is a prime example of just a terrible precedent set. This lady from my state mind you, did not budget appropriately so she defaulted on her loans. That to me is not a pity moment but a teaching experience of don't take on more debt than you are able to handle. Period. End of story. What is interesting is that most universities lean far left but they have zero issue taking money from minorities and telling the Gov't its your problem not ours. Universities and NOT the tax payers should be responsible for this. If Brandeis University for example charges $150k for a degree in history and the graduate (who took out loans) doesn't have the means to earn sufficient monies to repay the debt then Brandeis should be partially responsible. Maybe universities should publish average salaries of graduates and then publish how much they need to grow to repay debt obligations? A repayment calculator?

This is a major issue and no one is holding universities responsible? Why?! Why must taxpayers be forced to cover this shortfall. Many prominent politicians mentioned. Such as Ilhan Omar, who I guess has a lot of student loan debt to repay. Maybe go into business, get a 2nd job, etc. Don't go into Gov't. Your debt, your responsibility. Not mine!

View attachment 460371

Difficult question, while I empathize with the student, I can't excuse them. Or the public schools either. It is incumbent on the public schools to prepare the future college students for common life problems--like dealing with debt. Many of these students are making enough money to pay the loans back, but they choose to maintain the debt for years because of low interest rates. They fail to look at the big picture that they are flushing that interest payment down the crapper every month for years. Our education system is failing miserably in preparing these students.

These loans have HIGH rates.

Average Student Loan Interest Rates in 2021 | Credible

4.6 - 7.3% during a time Wall Street was getting money for practically nothing. Why is that Wall Street shouldnt have to learn to live within it's means?

Financials institutions do this because the loans are backed by Govt guarantees.

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.

It did but its also interference in the free markets. The smarter move IMO would have been not to shut down but let people know the risks and determine what they want to do. Paying people $600 a week to stay home was crazy.

It's only a matter of time the way we are going that we will be paying millions to stay home all the time.

 

[pknopp]

'I also defaulted': Congresswoman Ayanna Pressley reveals her experience with student loan debt

Speaking during a press conference organized by the American Federation of Teachers, the congresswoman shared her experience with student loan debt, connecting her story to the experience felt by millions of others in America.

www.yahoo.com

This is a prime example of just a terrible precedent set. This lady from my state mind you, did not budget appropriately so she defaulted on her loans. That to me is not a pity moment but a teaching experience of don't take on more debt than you are able to handle. Period. End of story. What is interesting is that most universities lean far left but they have zero issue taking money from minorities and telling the Gov't its your problem not ours. Universities and NOT the tax payers should be responsible for this. If Brandeis University for example charges $150k for a degree in history and the graduate (who took out loans) doesn't have the means to earn sufficient monies to repay the debt then Brandeis should be partially responsible. Maybe universities should publish average salaries of graduates and then publish how much they need to grow to repay debt obligations? A repayment calculator?

This is a major issue and no one is holding universities responsible? Why?! Why must taxpayers be forced to cover this shortfall. Many prominent politicians mentioned. Such as Ilhan Omar, who I guess has a lot of student loan debt to repay. Maybe go into business, get a 2nd job, etc. Don't go into Gov't. Your debt, your responsibility. Not mine!

View attachment 460371

Difficult question, while I empathize with the student, I can't excuse them. Or the public schools either. It is incumbent on the public schools to prepare the future college students for common life problems--like dealing with debt. Many of these students are making enough money to pay the loans back, but they choose to maintain the debt for years because of low interest rates. They fail to look at the big picture that they are flushing that interest payment down the crapper every month for years. Our education system is failing miserably in preparing these students.

These loans have HIGH rates.

Average Student Loan Interest Rates in 2021 | Credible

4.6 - 7.3% during a time Wall Street was getting money for practically nothing. Why is that Wall Street shouldnt have to learn to live within it's means?

Financials institutions do this because the loans are backed by Govt guarantees.

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.

We have been doing this since 2008. Wall Street has thrived while Main Street has barely treaded water or fell further behind.

Correct. We started printing money and never stopped.

But people are getting so pissed when some want that spread around.

"Millions for me but you want a rise in the minimum wage? What is wrong with you"?

 

[Admiral Rockwell Tory]

That is why they made bankruptcy courts for when people can't pay their bills. If a rich man can write off his loans so can a student.

This is a prime example of why you are a dumbass. Student loans can not be included in a bankruptcy.

 

[AzogtheDefiler]

'I also defaulted': Congresswoman Ayanna Pressley reveals her experience with student loan debt

Speaking during a press conference organized by the American Federation of Teachers, the congresswoman shared her experience with student loan debt, connecting her story to the experience felt by millions of others in America.

www.yahoo.com

This is a prime example of just a terrible precedent set. This lady from my state mind you, did not budget appropriately so she defaulted on her loans. That to me is not a pity moment but a teaching experience of don't take on more debt than you are able to handle. Period. End of story. What is interesting is that most universities lean far left but they have zero issue taking money from minorities and telling the Gov't its your problem not ours. Universities and NOT the tax payers should be responsible for this. If Brandeis University for example charges $150k for a degree in history and the graduate (who took out loans) doesn't have the means to earn sufficient monies to repay the debt then Brandeis should be partially responsible. Maybe universities should publish average salaries of graduates and then publish how much they need to grow to repay debt obligations? A repayment calculator?

This is a major issue and no one is holding universities responsible? Why?! Why must taxpayers be forced to cover this shortfall. Many prominent politicians mentioned. Such as Ilhan Omar, who I guess has a lot of student loan debt to repay. Maybe go into business, get a 2nd job, etc. Don't go into Gov't. Your debt, your responsibility. Not mine!

View attachment 460371

Difficult question, while I empathize with the student, I can't excuse them. Or the public schools either. It is incumbent on the public schools to prepare the future college students for common life problems--like dealing with debt. Many of these students are making enough money to pay the loans back, but they choose to maintain the debt for years because of low interest rates. They fail to look at the big picture that they are flushing that interest payment down the crapper every month for years. Our education system is failing miserably in preparing these students.

These loans have HIGH rates.

Average Student Loan Interest Rates in 2021 | Credible

4.6 - 7.3% during a time Wall Street was getting money for practically nothing. Why is that Wall Street shouldnt have to learn to live within it's means?

Financials institutions do this because the loans are backed by Govt guarantees.

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.

It did but its also interference in the free markets. The smarter move IMO would have been not to shut down but let people know the risks and determine what they want to do. Paying people $600 a week to stay home was crazy.

It's only a matter of time the way we are going that we will be paying millions to stay home all the time.

That would be most unfortunate

 

[AzogtheDefiler]

'I also defaulted': Congresswoman Ayanna Pressley reveals her experience with student loan debt

Speaking during a press conference organized by the American Federation of Teachers, the congresswoman shared her experience with student loan debt, connecting her story to the experience felt by millions of others in America.

www.yahoo.com

This is a prime example of just a terrible precedent set. This lady from my state mind you, did not budget appropriately so she defaulted on her loans. That to me is not a pity moment but a teaching experience of don't take on more debt than you are able to handle. Period. End of story. What is interesting is that most universities lean far left but they have zero issue taking money from minorities and telling the Gov't its your problem not ours. Universities and NOT the tax payers should be responsible for this. If Brandeis University for example charges $150k for a degree in history and the graduate (who took out loans) doesn't have the means to earn sufficient monies to repay the debt then Brandeis should be partially responsible. Maybe universities should publish average salaries of graduates and then publish how much they need to grow to repay debt obligations? A repayment calculator?

This is a major issue and no one is holding universities responsible? Why?! Why must taxpayers be forced to cover this shortfall. Many prominent politicians mentioned. Such as Ilhan Omar, who I guess has a lot of student loan debt to repay. Maybe go into business, get a 2nd job, etc. Don't go into Gov't. Your debt, your responsibility. Not mine!

View attachment 460371

Difficult question, while I empathize with the student, I can't excuse them. Or the public schools either. It is incumbent on the public schools to prepare the future college students for common life problems--like dealing with debt. Many of these students are making enough money to pay the loans back, but they choose to maintain the debt for years because of low interest rates. They fail to look at the big picture that they are flushing that interest payment down the crapper every month for years. Our education system is failing miserably in preparing these students.

These loans have HIGH rates.

Average Student Loan Interest Rates in 2021 | Credible

4.6 - 7.3% during a time Wall Street was getting money for practically nothing. Why is that Wall Street shouldnt have to learn to live within it's means?

Financials institutions do this because the loans are backed by Govt guarantees.

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.

We have been doing this since 2008. Wall Street has thrived while Main Street has barely treaded water or fell further behind.

Correct. We started printing money and never stopped.

But people are getting so pissed when some want that spread around.

"Millions for me but you want a rise in the minimum wage? What is wrong with you"?

Like I always said, let free markets reign. Gov't should stay out of it.

 

[Moonglow]

That is why they made bankruptcy courts for when people can't pay their bills. If a rich man can write off his loans so can a student.

This is a prime example of why you are a dumbass. Student loans can not be included in a bankruptcy.

I have already posted proof that they can old man, get hip to the trip...dumbass.....

Myth Busted: Turns Out Bankruptcy Can Wipe Out Student Loan Debt After All

Many Americans who get overwhelmed by student loan debt are told student debt can't be erased through bankruptcy. Now more judges and lawyers say that's a myth and bankruptcy can help.

www.npr.org

 

[pknopp]

'I also defaulted': Congresswoman Ayanna Pressley reveals her experience with student loan debt

Speaking during a press conference organized by the American Federation of Teachers, the congresswoman shared her experience with student loan debt, connecting her story to the experience felt by millions of others in America.

www.yahoo.com

This is a prime example of just a terrible precedent set. This lady from my state mind you, did not budget appropriately so she defaulted on her loans. That to me is not a pity moment but a teaching experience of don't take on more debt than you are able to handle. Period. End of story. What is interesting is that most universities lean far left but they have zero issue taking money from minorities and telling the Gov't its your problem not ours. Universities and NOT the tax payers should be responsible for this. If Brandeis University for example charges $150k for a degree in history and the graduate (who took out loans) doesn't have the means to earn sufficient monies to repay the debt then Brandeis should be partially responsible. Maybe universities should publish average salaries of graduates and then publish how much they need to grow to repay debt obligations? A repayment calculator?

This is a major issue and no one is holding universities responsible? Why?! Why must taxpayers be forced to cover this shortfall. Many prominent politicians mentioned. Such as Ilhan Omar, who I guess has a lot of student loan debt to repay. Maybe go into business, get a 2nd job, etc. Don't go into Gov't. Your debt, your responsibility. Not mine!

View attachment 460371

Difficult question, while I empathize with the student, I can't excuse them. Or the public schools either. It is incumbent on the public schools to prepare the future college students for common life problems--like dealing with debt. Many of these students are making enough money to pay the loans back, but they choose to maintain the debt for years because of low interest rates. They fail to look at the big picture that they are flushing that interest payment down the crapper every month for years. Our education system is failing miserably in preparing these students.

These loans have HIGH rates.

Average Student Loan Interest Rates in 2021 | Credible

4.6 - 7.3% during a time Wall Street was getting money for practically nothing. Why is that Wall Street shouldnt have to learn to live within it's means?

Financials institutions do this because the loans are backed by Govt guarantees.

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.

It did but its also interference in the free markets. The smarter move IMO would have been not to shut down but let people know the risks and determine what they want to do. Paying people $600 a week to stay home was crazy.

It's only a matter of time the way we are going that we will be paying millions to stay home all the time.

That would be most unfortunate

There will be no other choice. It's only a matter of time when most all Wal-Mart and fast food jobs are gone.

 

[pknopp]

'I also defaulted': Congresswoman Ayanna Pressley reveals her experience with student loan debt

Speaking during a press conference organized by the American Federation of Teachers, the congresswoman shared her experience with student loan debt, connecting her story to the experience felt by millions of others in America.

www.yahoo.com

This is a prime example of just a terrible precedent set. This lady from my state mind you, did not budget appropriately so she defaulted on her loans. That to me is not a pity moment but a teaching experience of don't take on more debt than you are able to handle. Period. End of story. What is interesting is that most universities lean far left but they have zero issue taking money from minorities and telling the Gov't its your problem not ours. Universities and NOT the tax payers should be responsible for this. If Brandeis University for example charges $150k for a degree in history and the graduate (who took out loans) doesn't have the means to earn sufficient monies to repay the debt then Brandeis should be partially responsible. Maybe universities should publish average salaries of graduates and then publish how much they need to grow to repay debt obligations? A repayment calculator?

This is a major issue and no one is holding universities responsible? Why?! Why must taxpayers be forced to cover this shortfall. Many prominent politicians mentioned. Such as Ilhan Omar, who I guess has a lot of student loan debt to repay. Maybe go into business, get a 2nd job, etc. Don't go into Gov't. Your debt, your responsibility. Not mine!

View attachment 460371

Difficult question, while I empathize with the student, I can't excuse them. Or the public schools either. It is incumbent on the public schools to prepare the future college students for common life problems--like dealing with debt. Many of these students are making enough money to pay the loans back, but they choose to maintain the debt for years because of low interest rates. They fail to look at the big picture that they are flushing that interest payment down the crapper every month for years. Our education system is failing miserably in preparing these students.

These loans have HIGH rates.

Average Student Loan Interest Rates in 2021 | Credible

4.6 - 7.3% during a time Wall Street was getting money for practically nothing. Why is that Wall Street shouldnt have to learn to live within it's means?

Financials institutions do this because the loans are backed by Govt guarantees.

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.

We have been doing this since 2008. Wall Street has thrived while Main Street has barely treaded water or fell further behind.

Correct. We started printing money and never stopped.

But people are getting so pissed when some want that spread around.

"Millions for me but you want a rise in the minimum wage? What is wrong with you"?

Like I always said, let free markets reign. Gov't should stay out of it.

That's GREAT but it's never going to happen. I'm not really interested in ideas that are never going to happen.

 

[Admiral Rockwell Tory]

That is why they made bankruptcy courts for when people can't pay their bills. If a rich man can write off his loans so can a student.

Student loans are not eligible. I would actually be OK with that as it messes up your credit for ~10 yrs.

Eh, it doesn't mess it up any worse than not filing bankruptcy, it never did stop Trump.

Trump NEVER filed bankruptcy. His companies did.

 

[Moonglow]

That is why they made bankruptcy courts for when people can't pay their bills. If a rich man can write off his loans so can a student.

Student loans are not eligible. I would actually be OK with that as it messes up your credit for ~10 yrs.

Eh, it doesn't mess it up any worse than not filing bankruptcy, it never did stop Trump.

Trump NEVER filed bankruptcy. His companies did.

Who gives a fuck about that loser Trump or his companies that bilked $1.6 billion from the taxpayers while he was president....

 

[AzogtheDefiler]

'I also defaulted': Congresswoman Ayanna Pressley reveals her experience with student loan debt

Speaking during a press conference organized by the American Federation of Teachers, the congresswoman shared her experience with student loan debt, connecting her story to the experience felt by millions of others in America.

www.yahoo.com

This is a prime example of just a terrible precedent set. This lady from my state mind you, did not budget appropriately so she defaulted on her loans. That to me is not a pity moment but a teaching experience of don't take on more debt than you are able to handle. Period. End of story. What is interesting is that most universities lean far left but they have zero issue taking money from minorities and telling the Gov't its your problem not ours. Universities and NOT the tax payers should be responsible for this. If Brandeis University for example charges $150k for a degree in history and the graduate (who took out loans) doesn't have the means to earn sufficient monies to repay the debt then Brandeis should be partially responsible. Maybe universities should publish average salaries of graduates and then publish how much they need to grow to repay debt obligations? A repayment calculator?

This is a major issue and no one is holding universities responsible? Why?! Why must taxpayers be forced to cover this shortfall. Many prominent politicians mentioned. Such as Ilhan Omar, who I guess has a lot of student loan debt to repay. Maybe go into business, get a 2nd job, etc. Don't go into Gov't. Your debt, your responsibility. Not mine!

View attachment 460371

Difficult question, while I empathize with the student, I can't excuse them. Or the public schools either. It is incumbent on the public schools to prepare the future college students for common life problems--like dealing with debt. Many of these students are making enough money to pay the loans back, but they choose to maintain the debt for years because of low interest rates. They fail to look at the big picture that they are flushing that interest payment down the crapper every month for years. Our education system is failing miserably in preparing these students.

These loans have HIGH rates.

Average Student Loan Interest Rates in 2021 | Credible

4.6 - 7.3% during a time Wall Street was getting money for practically nothing. Why is that Wall Street shouldnt have to learn to live within it's means?

Financials institutions do this because the loans are backed by Govt guarantees.

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.

It did but its also interference in the free markets. The smarter move IMO would have been not to shut down but let people know the risks and determine what they want to do. Paying people $600 a week to stay home was crazy.

It's only a matter of time the way we are going that we will be paying millions to stay home all the time.

That would be most unfortunate

There will be no other choice. It's only a matter of time when most all Wal-Mart and fast food jobs are gone.

Not in our lifetimes

 

[AzogtheDefiler]

That is why they made bankruptcy courts for when people can't pay their bills. If a rich man can write off his loans so can a student.

Student loans are not eligible. I would actually be OK with that as it messes up your credit for ~10 yrs.

Eh, it doesn't mess it up any worse than not filing bankruptcy, it never did stop Trump.

Trump NEVER filed bankruptcy. His companies did.

Who gives a fuck about that loser Trump or his companies that bilked $1.6 billion from the taxpayers while he was president....

What did he do that was illegal? Bankruptcy is legal in the US.

 

[task0778]

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.

We have been doing this since 2008. Wall Street has thrived while Main Street has barely treaded water or fell further behind.

The Federal Reserve's Main Street Lending Program that you are talking about did nothing for the companies that were big enough to be on the Wall Street NYSE. It helped small businesses that employ more than 50% of the nation's employees, stay in business vs closing down. Yes, it helped Main Street tread water, otherwise we would have gone into a depression and the recovery from the pandemic would have been a lot harder and taken a lot longer. So - you can take your Wall Street crap and stuff it.

 

[pknopp]

'I also defaulted': Congresswoman Ayanna Pressley reveals her experience with student loan debt

Speaking during a press conference organized by the American Federation of Teachers, the congresswoman shared her experience with student loan debt, connecting her story to the experience felt by millions of others in America.

www.yahoo.com

This is a prime example of just a terrible precedent set. This lady from my state mind you, did not budget appropriately so she defaulted on her loans. That to me is not a pity moment but a teaching experience of don't take on more debt than you are able to handle. Period. End of story. What is interesting is that most universities lean far left but they have zero issue taking money from minorities and telling the Gov't its your problem not ours. Universities and NOT the tax payers should be responsible for this. If Brandeis University for example charges $150k for a degree in history and the graduate (who took out loans) doesn't have the means to earn sufficient monies to repay the debt then Brandeis should be partially responsible. Maybe universities should publish average salaries of graduates and then publish how much they need to grow to repay debt obligations? A repayment calculator?

This is a major issue and no one is holding universities responsible? Why?! Why must taxpayers be forced to cover this shortfall. Many prominent politicians mentioned. Such as Ilhan Omar, who I guess has a lot of student loan debt to repay. Maybe go into business, get a 2nd job, etc. Don't go into Gov't. Your debt, your responsibility. Not mine!

View attachment 460371

Difficult question, while I empathize with the student, I can't excuse them. Or the public schools either. It is incumbent on the public schools to prepare the future college students for common life problems--like dealing with debt. Many of these students are making enough money to pay the loans back, but they choose to maintain the debt for years because of low interest rates. They fail to look at the big picture that they are flushing that interest payment down the crapper every month for years. Our education system is failing miserably in preparing these students.

These loans have HIGH rates.

Average Student Loan Interest Rates in 2021 | Credible

4.6 - 7.3% during a time Wall Street was getting money for practically nothing. Why is that Wall Street shouldnt have to learn to live within it's means?

Financials institutions do this because the loans are backed by Govt guarantees.

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.

It did but its also interference in the free markets. The smarter move IMO would have been not to shut down but let people know the risks and determine what they want to do. Paying people $600 a week to stay home was crazy.

It's only a matter of time the way we are going that we will be paying millions to stay home all the time.

That would be most unfortunate

There will be no other choice. It's only a matter of time when most all Wal-Mart and fast food jobs are gone.

Not in our lifetimes

There is already places experimenting with it.

 

[AzogtheDefiler]

'I also defaulted': Congresswoman Ayanna Pressley reveals her experience with student loan debt

Speaking during a press conference organized by the American Federation of Teachers, the congresswoman shared her experience with student loan debt, connecting her story to the experience felt by millions of others in America.

www.yahoo.com

This is a prime example of just a terrible precedent set. This lady from my state mind you, did not budget appropriately so she defaulted on her loans. That to me is not a pity moment but a teaching experience of don't take on more debt than you are able to handle. Period. End of story. What is interesting is that most universities lean far left but they have zero issue taking money from minorities and telling the Gov't its your problem not ours. Universities and NOT the tax payers should be responsible for this. If Brandeis University for example charges $150k for a degree in history and the graduate (who took out loans) doesn't have the means to earn sufficient monies to repay the debt then Brandeis should be partially responsible. Maybe universities should publish average salaries of graduates and then publish how much they need to grow to repay debt obligations? A repayment calculator?

This is a major issue and no one is holding universities responsible? Why?! Why must taxpayers be forced to cover this shortfall. Many prominent politicians mentioned. Such as Ilhan Omar, who I guess has a lot of student loan debt to repay. Maybe go into business, get a 2nd job, etc. Don't go into Gov't. Your debt, your responsibility. Not mine!

View attachment 460371

Difficult question, while I empathize with the student, I can't excuse them. Or the public schools either. It is incumbent on the public schools to prepare the future college students for common life problems--like dealing with debt. Many of these students are making enough money to pay the loans back, but they choose to maintain the debt for years because of low interest rates. They fail to look at the big picture that they are flushing that interest payment down the crapper every month for years. Our education system is failing miserably in preparing these students.

These loans have HIGH rates.

Average Student Loan Interest Rates in 2021 | Credible

4.6 - 7.3% during a time Wall Street was getting money for practically nothing. Why is that Wall Street shouldnt have to learn to live within it's means?

Financials institutions do this because the loans are backed by Govt guarantees.

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.

We have been doing this since 2008. Wall Street has thrived while Main Street has barely treaded water or fell further behind.

Correct. We started printing money and never stopped.

But people are getting so pissed when some want that spread around.

"Millions for me but you want a rise in the minimum wage? What is wrong with you"?

Like I always said, let free markets reign. Gov't should stay out of it.

That's GREAT but it's never going to happen. I'm not really interested in ideas that are never going to happen.

It could happen if Congress were more conservative and didn't pander for votes.

 

[AzogtheDefiler]

'I also defaulted': Congresswoman Ayanna Pressley reveals her experience with student loan debt

Speaking during a press conference organized by the American Federation of Teachers, the congresswoman shared her experience with student loan debt, connecting her story to the experience felt by millions of others in America.

www.yahoo.com

This is a prime example of just a terrible precedent set. This lady from my state mind you, did not budget appropriately so she defaulted on her loans. That to me is not a pity moment but a teaching experience of don't take on more debt than you are able to handle. Period. End of story. What is interesting is that most universities lean far left but they have zero issue taking money from minorities and telling the Gov't its your problem not ours. Universities and NOT the tax payers should be responsible for this. If Brandeis University for example charges $150k for a degree in history and the graduate (who took out loans) doesn't have the means to earn sufficient monies to repay the debt then Brandeis should be partially responsible. Maybe universities should publish average salaries of graduates and then publish how much they need to grow to repay debt obligations? A repayment calculator?

This is a major issue and no one is holding universities responsible? Why?! Why must taxpayers be forced to cover this shortfall. Many prominent politicians mentioned. Such as Ilhan Omar, who I guess has a lot of student loan debt to repay. Maybe go into business, get a 2nd job, etc. Don't go into Gov't. Your debt, your responsibility. Not mine!

View attachment 460371

Difficult question, while I empathize with the student, I can't excuse them. Or the public schools either. It is incumbent on the public schools to prepare the future college students for common life problems--like dealing with debt. Many of these students are making enough money to pay the loans back, but they choose to maintain the debt for years because of low interest rates. They fail to look at the big picture that they are flushing that interest payment down the crapper every month for years. Our education system is failing miserably in preparing these students.

These loans have HIGH rates.

Average Student Loan Interest Rates in 2021 | Credible

4.6 - 7.3% during a time Wall Street was getting money for practically nothing. Why is that Wall Street shouldnt have to learn to live within it's means?

Financials institutions do this because the loans are backed by Govt guarantees.

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.

It did but its also interference in the free markets. The smarter move IMO would have been not to shut down but let people know the risks and determine what they want to do. Paying people $600 a week to stay home was crazy.

It's only a matter of time the way we are going that we will be paying millions to stay home all the time.

That would be most unfortunate

There will be no other choice. It's only a matter of time when most all Wal-Mart and fast food jobs are gone.

Not in our lifetimes

There is already places experimenting with it.

Partially but humans still work there. It will take another 50 years at least to perfect it and by then there will be other jobs. No one saw UBER and Lyft coming seven years ago.

 

[pknopp]

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.

We have been doing this since 2008. Wall Street has thrived while Main Street has barely treaded water or fell further behind.

The Federal Reserve's Main Street Lending Program that you are talking about did nothing for the companies that were big enough to be on the Wall Street NYSE. It helped small businesses that employ more than 50% of the nation's employees, stay in business vs closing down. Yes, it helped Main Street tread water, otherwise we would have gone into a depression and the recovery from the pandemic would have been a lot harder and taken a lot longer. So - you can take your Wall Street crap and stuff it.

We have been pumping for years.

 

[pknopp]

'I also defaulted': Congresswoman Ayanna Pressley reveals her experience with student loan debt

Speaking during a press conference organized by the American Federation of Teachers, the congresswoman shared her experience with student loan debt, connecting her story to the experience felt by millions of others in America.

www.yahoo.com

This is a prime example of just a terrible precedent set. This lady from my state mind you, did not budget appropriately so she defaulted on her loans. That to me is not a pity moment but a teaching experience of don't take on more debt than you are able to handle. Period. End of story. What is interesting is that most universities lean far left but they have zero issue taking money from minorities and telling the Gov't its your problem not ours. Universities and NOT the tax payers should be responsible for this. If Brandeis University for example charges $150k for a degree in history and the graduate (who took out loans) doesn't have the means to earn sufficient monies to repay the debt then Brandeis should be partially responsible. Maybe universities should publish average salaries of graduates and then publish how much they need to grow to repay debt obligations? A repayment calculator?

This is a major issue and no one is holding universities responsible? Why?! Why must taxpayers be forced to cover this shortfall. Many prominent politicians mentioned. Such as Ilhan Omar, who I guess has a lot of student loan debt to repay. Maybe go into business, get a 2nd job, etc. Don't go into Gov't. Your debt, your responsibility. Not mine!

View attachment 460371

Difficult question, while I empathize with the student, I can't excuse them. Or the public schools either. It is incumbent on the public schools to prepare the future college students for common life problems--like dealing with debt. Many of these students are making enough money to pay the loans back, but they choose to maintain the debt for years because of low interest rates. They fail to look at the big picture that they are flushing that interest payment down the crapper every month for years. Our education system is failing miserably in preparing these students.

These loans have HIGH rates.

Average Student Loan Interest Rates in 2021 | Credible

4.6 - 7.3% during a time Wall Street was getting money for practically nothing. Why is that Wall Street shouldnt have to learn to live within it's means?

Financials institutions do this because the loans are backed by Govt guarantees.

The Trillions Wall Street got from the Fed isn't?

What trillions? You mean the CARES money?

https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/

So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.

It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.

My point stands.

Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.

It did but its also interference in the free markets. The smarter move IMO would have been not to shut down but let people know the risks and determine what they want to do. Paying people $600 a week to stay home was crazy.

It's only a matter of time the way we are going that we will be paying millions to stay home all the time.

That would be most unfortunate

There will be no other choice. It's only a matter of time when most all Wal-Mart and fast food jobs are gone.

Not in our lifetimes

There is already places experimenting with it.

Partially but humans still work there. It will take another 50 years at least to perfect it and by then there will be other jobs. No one saw UBER and Lyft coming seven years ago.

Automation will take those jobs also with self driving cars. Drones, etc.