Pay Your Debts Snowflakes- Student Loans Just Got A Lot More Expensive

[The Derp]

Winston makes some good points in his post 52 . Still , the professors make too much money IMO !!

No, they really don't. This isn't about professor's income, this is about the Conservative attempts to undermine public education by gutting tax revenues which produce budget deficits which lead to spending cuts which lead to cost increases.

Conservatives know this. It is their plan. They're not even shy about it, either. I guess when you sell out to Russia, subtlety just goes out the window.

 

[The Derp]

I would give student loans only for certain fields. We don't need more gender studies or gay and lesbian haiku graduates.

What a load of crap. Of course, gender studies are important because so many of you don't even know the first thing about gender biology. We need more people taking gender studies classes. Not sure what this skewed view of college graduates is, but there used to be a day when graduating with any 4-year degree, regardless of the major, would nearly guarantee you a job. So what's changed? Automation, for one. For two, companies are seeing that they can increase productivity without increasing expenses, and those on the right are simply content to let them do that while (hilariously) complaining about jobs.

 

[The Sage of Main Street]

Gee why did I not see this coming with this administration?

This all started when the government got into the college loan business dimwit.

This thread is about a raise in school loans, not how it started..

School loans were never intended to be to the students. They were intended for the parents, and the purpose was to allow those parents to INVEST their college savings funds while the student was attending school.

Than why are students left holding the bag?
I know my parents would have rather paid for my college rather than put a crushing debt on my back right out of college.
And back before the gov got into the college loan business it was far more affordable.

STEM Students Are Suckers

There's a way to go through the same things college students are forced to go through, but come out of it with a far greater reward. Do a full-time job and a part-time job. Live off the part-time job and save your whole pay from the full-time job. After four years, you will have enough money saved, at least as collateral for a big enough loan, to start your own business in one of those jobs. You can start this anti-educationist opportunity in high school and only study enough to pass. This would be a special revenge for High IQ students, the biggest expected Cash Cows for Corporate Cowboys. They should apply their IQs to where they work, however menial those businesses are reputed to be.

 

[HereWeGoAgain]

This all started when the government got into the college loan business dimwit.

This thread is about a raise in school loans, not how it started..

School loans were never intended to be to the students. They were intended for the parents, and the purpose was to allow those parents to INVEST their college savings funds while the student was attending school.

I have 2 boys in college right now who both have college funds and savings... The expense of college today , is what a Doctoral Degree was 15-20 years ago..And just made worse with this damn hurdle for them to get over..

No one unless if you are rich can save that, so they have to take out a loan.

.

If the gov hadnt gotten involved college would be far more affordable and you wouldnt need those astronomical loans.

I do not think you can blame the government. The fault lies in the false belief that everyone needs a college education. The high cost of college is driven by the "competition" for students, many who have no business being in college. The high cost is not driven by professor salaries, it is driven by plush student unions, luxury dorms, and in some cases--swimming pools and free ice cream.

And who pushes that narrative?
The government.
It's really pretty simple. The gov offered guaranteed loans and the colleges jacked up their rates because of it.

 

[rightwinger]

Pay your loans?

You mean like Trump does at ten cents on the dollar?

 

[The Derp]

It's really pretty simple. The gov offered guaranteed loans and the colleges jacked up their rates because of it.

The government's been offering guaranteed loans for many decades. Colleges didn't start jacking up their rates until the last 15 years or so not because of government student loans, but because their funding was cut by Conservatives in order to pay for tax cuts we were promised would pay for themselves.

So it's hard to see how the blame for student debt doesn't lie entirely, 100% on those who manufactured deficits with their poor fiscal policies.

 

[HereWeGoAgain]

It's really pretty simple. The gov offered guaranteed loans and the colleges jacked up their rates because of it.

The government's been offering guaranteed loans for many decades. Colleges didn't start jacking up their rates until the last 15 years or so not because of government student loans, but because their funding was cut by Conservatives in order to pay for tax cuts we were promised would pay for themselves.

So it's hard to see how the blame for student debt doesn't lie entirely, 100% on those who manufactured deficits with their poor fiscal policies.

You know that makes zero sense right?

 

[MindWars]

Gee, wonder why?

They learned from their deadbeat parents who signed up for home loans only cry foul later and expect handouts.

Who says you have to pay debts you sign in your name?

-Geaux
------------

Snowflakes looking to take out massive student loans for next year to fund the $50,000 price tag of their liberal bastion of choice, and maybe the occasional binge-drinking trip to Cancun for Spring Break, are about to get a little price hike. But, don't worry, you won't have to start paying on those loans for at least 4 years.

Beginning in July, interest rates on new federal student loans are set to rise by 0.69%, per data published by the Treasury, which would drive the interest cost of new undergraduate loans up to 4.45% from 3.76% for the academic year ending in June, a nearly 20% increase off an historically low base. Meanwhile, rates on some graduate loans are set to rise from 5.31% to 6% and rates on loans to parents and guardians are due to jump from 6.31% to 7%. As an example, the cost of a $10,000 loan would increase by about $400, according to an online calculator maintained by Bankrate.com.

Of course, these higher borrowing costs shouldn't be that big of a deal as some 44 million Americans only owe $1.4 trillion on their student loans, or a modest average of only $32,000 per borrower.



Student Loans Just Got A Lot More Expensive For Our Snowflakes | Zero Hedge

Most won't understand it, but I wouldn't' t pay the gawd dam things either they were a scam to generate money for the Federal Gov. and break the backs of middle class.

Most people who graduate never even get a job in their chosen field. It is a waste of money , and student loans leave no child behind created by the FEDS TO FK you all over.

They need to do like Ireland did I believe forgive all debt , move on with it and people can buy more things and pump up the economy, but the greedy ass gov. has to always have a cut to make them rich and the people poor.

 

[Votto]

And in the meantime, China, South Korea, and many other nations provide free higher education to those that can qualify and have the ambition to do the work. And now China is getting more new patents than the US. And little South Korea is graduating more engineers than we are.

Yes, real Goddamned smart for this nation to not educate it's people. You 'Conservatives' are so ******* retarded.

That's right, print more money so the value of the dollar will be worth even less and everything will cost more.

Brilliant. I can't believe you kids lost an election.

 

[MindWars]

Gee, wonder why?

They learned from their deadbeat parents who signed up for home loans only cry foul later and expect handouts.

Who says you have to pay debts you sign in your name?

-Geaux
------------

Snowflakes looking to take out massive student loans for next year to fund the $50,000 price tag of their liberal bastion of choice, and maybe the occasional binge-drinking trip to Cancun for Spring Break, are about to get a little price hike. But, don't worry, you won't have to start paying on those loans for at least 4 years.

Beginning in July, interest rates on new federal student loans are set to rise by 0.69%, per data published by the Treasury, which would drive the interest cost of new undergraduate loans up to 4.45% from 3.76% for the academic year ending in June, a nearly 20% increase off an historically low base. Meanwhile, rates on some graduate loans are set to rise from 5.31% to 6% and rates on loans to parents and guardians are due to jump from 6.31% to 7%. As an example, the cost of a $10,000 loan would increase by about $400, according to an online calculator maintained by Bankrate.com.

Of course, these higher borrowing costs shouldn't be that big of a deal as some 44 million Americans only owe $1.4 trillion on their student loans, or a modest average of only $32,000 per borrower.



Student Loans Just Got A Lot More Expensive For Our Snowflakes | Zero Hedge

No Child Left Behind Meltdown

But if gaming the system was the primary way many schools dealt with the law, others went straight to cheating. Superintendents, principals and teachers routinely committed deliberate and willful fraud to get scores that would bring money to their schools in violation of the clear provisions of the law. Another one of these scandals has erupted in Georgia. The New York Times reports:

 

[The Derp]

You know that makes zero sense right?

Maybe you need to think more critically. Tax cuts reduce revenues, which create deficits. To close those deficits, funding is cut to things like public colleges. Those funding cuts to state university systems cause those systems to raise tuition costs to make up the gap. That, in turn, forces students and their families to borrow more money to get a college degree.

So that's how tax cuts hurt higher education. We saw it happen in Ohio, Kansas, Wisconsin, Louisiana, and other red states. Taxes were cut, revenues dropped, Conservatives screamed about the deficits their tax cuts created and proposed cuts to things like education to pay for them because tax cuts don't pay for themselves.

 

[The Derp]

Most won't understand it, but I wouldn't' t pay the gawd dam things either they were a scam to generate money for the Federal Gov. and break the backs of middle class.
Most people who graduate never even get a job in their chosen field. It is a waste of money , and student loans leave no child behind created by the FEDS TO FK you all over.
They need to do like Ireland did I believe forgive all debt , move on with it and people can buy more things and pump up the economy, but the greedy ass gov. has to always have a cut to make them rich and the people poor.

???? The entire reason people went into debt to pay for college is because state funding to colleges were cut, forcing those colleges to raise tuitions. There used to be a day when you could go to a public college for nearly free, or for very low tuition costs. But then in the 00's, tax cut fever gripped us and at the state level in particular, taxes were cut significantly which created deficits because tax cuts don't pay for themselves. So thanks to manufactured deficits, spending had to be cut. What do you think is priority #1 for spending cuts for Conservatives? Public education. They hate the fact that students aren't taught that Jesus rode a triceratops.

 

[The Derp]

That's right, print more money so the value of the dollar will be worth even less and everything will cost more.

So w were told by Conservatives every year of Obama's term that hyperinflation was right around the corner. It was supposed to happen in 2009, then 2010, then 2011, then 2012, then 2013, then 2014, then 2015, then 2016. It never happened. So if you all were wrong about that for 8 years, why would you be right today?

Tell me why it's different now, when it wasn't the last 8 years?

 

[airplanemechanic]

Maybe liberals will think twice about getting indoctrinated at a liberal university if they find out they actually are expected to pay for it later.

 

[The Derp]

Maybe liberals will think twice about getting indoctrinated at a liberal university if they find out they actually are expected to pay for it later.

Indoctrinated, how? You want indoctrination, just head to a Trump rally. You can see fascists being indoctrinated in real time.

 

[The Derp]

Maybe liberals will think twice about getting indoctrinated at a liberal university if they find out they actually are expected to pay for it later.

So in 37 years of Conservative economic policies, there has not been one single shred of evidence to support any of it. Not one shred. So you all sold us a false bill of goods 37 years ago and you haven't been held accountable for it today. Nothing you believe is supported by anything other than your delicate emotions! Such a snowflake!

 

[airplanemechanic]

Maybe liberals will think twice about getting indoctrinated at a liberal university if they find out they actually are expected to pay for it later.

Indoctrinated, how? You want indoctrination, just head to a Trump rally. You can see fascists being indoctrinated in real time.

Liberal professors outnumber conservatives 12 to 1: Study

 

[The Derp]

Maybe liberals will think twice about getting indoctrinated at a liberal university if they find out they actually are expected to pay for it later.

Conservatives hate higher education because educated people understand that Conservatives are full of shit. Always have been, always will be.

Where's that hyperinflation we were promised each year of Obama's term? If you were so dead wrong about that, why would you be right about anything else?

 

[The Derp]

Liberal professors outnumber conservatives 12 to 1: Study

Duh...Conservatives are emotionally-driven, stupid people who reject the Scientific Method. So it's no surprise that places of higher education see fewer Conservatives.

 

[HereWeGoAgain]

You know that makes zero sense right?

Maybe you need to think more critically. Tax cuts reduce revenues, which create deficits. To close those deficits, funding is cut to things like public colleges. Those funding cuts to state university systems cause those systems to raise tuition costs to make up the gap. That, in turn, forces students and their families to borrow more money to get a college degree.

So that's how tax cuts hurt higher education. We saw it happen in Ohio, Kansas, Wisconsin, Louisiana, and other red states. Taxes were cut, revenues dropped, Conservatives screamed about the deficits their tax cuts created and proposed cuts to things like education to pay for them because tax cuts don't pay for themselves.

The real reason college is so expensive