pknopp
Diamond Member
- Jul 22, 2019
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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.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.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.What trillions? You mean the CARES money?Financials institutions do this because the loans are backed by Govt guarantees.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.'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!
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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?
The Trillions Wall Street got from the Fed isn't?
https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/
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.
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.
So I'm going to support anything that messes with that.