Warren and Schumer urge student debt cancellation of up to $50,000 for all federal borrowers

Of course they do. Destroying the value of contracts will permit an escape from one's own stupidity.

Warren and Schumer urge student debt cancellation of up to $50,000 for all federal borrowers
Universities should be the ones to cancel that debt.

But then, who would fund the democrat indoctrination centers?

Funny how everyone seems to be hurting during economic hard times, EXCEPT left wing universities around the country that keep raising tuition anyway.
Yes, if their student can't earn enough from their degree in 10 years to pay for the tuition, the university should refund the earnings shortfall to the lender.
Nonsense.

We live in a capitalist system. If people are dumb enough to take courses that teach non marketable skills that's on them.
I took computer courses at devry and never once worked in the field. There are currently payments being made to former students via the FCC rulings on false advertising AND class action payments that can reimburse you for all or part of your debt.
I have not, nor will I apply for either despite qualifying. Other people are not responsible for my decisions
 
Universities should be the ones to cancel that debt.

But then, who would fund the democrat indoctrination centers?

Funny how everyone seems to be hurting during economic hard times, EXCEPT left wing universities around the country that keep raising tuition anyway.

The money flows from banks, to the universities, to the Dem party coffers. Asshole Democrats yell and scream about prices of just about everything BUT the cost of a degree. It's total crickets on the ridiculous cost of higher education because that's a Dem party cash cow. With friends like Democrats students don't need enemies.

You want to 'splain that Lucy?

The education industry reached new heights in political donations with their highest cycle ever coming in the 2016 presidential year with the 2018 cycle becoming a close second. The industry dramatically favors liberals and as become more liberal in preference as the industry has spent more money. 88% went to Democrats in 2016.
 
Until you see people like JoeBlow even address the fact there are 100's of colleges and universities that rake in $10s and even $100s millions per year from taxpayers - with graduation rates as low as the SINGLE DIGIT %.... the problem will go on and on and on.

Where did you dig that up?
Really?
There are close to 100 colleges in the United States with less than 10% graduation rates.
NONE of these colleges should be legally allowed to stay open.
 
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Of course they do. Destroying the value of contracts will permit an escape from one's own stupidity.

Warren and Schumer urge student debt cancellation of up to $50,000 for all federal borrowers
Universities should be the ones to cancel that debt.

But then, who would fund the democrat indoctrination centers?

Funny how everyone seems to be hurting during economic hard times, EXCEPT left wing universities around the country that keep raising tuition anyway.
Yes, if their student can't earn enough from their degree in 10 years to pay for the tuition, the university should refund the earnings shortfall to the lender.
Nonsense.

We live in a capitalist system. If people are dumb enough to take courses that teach non marketable skills that's on them.
I took computer courses at devry and never once worked in the field. There are currently payments being made to former students via the FCC rulings on false advertising AND class action payments that can reimburse you for all or part of your debt.
I have not, nor will I apply for either despite qualifying. Other people are not responsible for my decisions
I agree with much of that, but we don’t live in a capitalist system. We live in a rapacious oligarchy.
 
Interesting idea. We wouldn't be in this position if our liberal politicians didn't insist that everyone has a right to go to college, regardless if they're intellectually or emotionally qualified. But I can understand why liberals want to get as many people in their brainwashing factories as possible. Colleges condition the student to support the Democrats who have bribed them with unaffordable promises for years, and now they expect to confiscate the money from the uninvolved American worker. No thanks. MAGA

But who made the unaffordable promise.

The real problem is most good paying jobs REQUIRE a bachelor's degree. It's a simple matter of supply and demand, really. More people need Bachelor degrees - but the number of seats in universities hasn't increased. Demand goes up, supply stays the same, prices increase.


I worked in purchasing for many years. Most purchasing jobs require a bachelor's degree. Why? No idea. The skills you need to be good at purchasing really can't be learned at college. (My own career path was through the Army in logistics and then moving to purchasing in the civilian world.)

So in 2008, when the recession hit and they fired the buyers in my department, I was able to land a new gig in about four weeks, but the lady who had a lot more experience than I did but no degree, wasn't able to land a new gig for more than a year.


To put it in perspective. When I graduated from UIC In 1985, tuition was about $1500 a year. That would be about $4751 in today's Dollars. In my case, the Army National Guard picked up most of my tuition, but I could still pay that working minimum wage jobs working 20 hours a week.

By comparison- UIC today costs $13,574 for in state tuition. About three times what it cost then. Working a full time minimum wage job in Illinois ($8.25 an hour) would net you $17,160. Which means you would have less than $4000 to pay for food, housing, books, transportation, clothing and so on.

Now, why has pricing gone up? Part of the reason as I said was demand. part of the reason was that back in the day, most of those operating costs for state universities were picked up by the state. The State cuts funding, they have to go to the students. The students don't have the funding, they have to go to the banks.

Then when Trump fucks up the economy, you find that they can't pay these loans back. Funny how that works.
My gawd you are nuts....

Trump did not fuck up the economy.....the economy was at record before the chinese unleashed their virus-------------The US economy was and still is the best in the world. You should be thanking President Trump---

If your degree doesn't earn enough to pay back the loan you took to get the degree and party in college---then you should have not gone to college. There is btw a high demand for electricians, crane operators and such that pay really well and don't require a bach degree....and oh if you still want a degree but don't want to pay for it---join the military and EARN a free degree. Why am I expected to pay for everyone else's degree?
 
Of course they do. Destroying the value of contracts will permit an escape from one's own stupidity.

Warren and Schumer urge student debt cancellation of up to $50,000 for all federal borrowers
Universities should be the ones to cancel that debt.

But then, who would fund the democrat indoctrination centers?

Funny how everyone seems to be hurting during economic hard times, EXCEPT left wing universities around the country that keep raising tuition anyway.
Yes, if their student can't earn enough from their degree in 10 years to pay for the tuition, the university should refund the earnings shortfall to the lender.
Nonsense.

We live in a capitalist system. If people are dumb enough to take courses that teach non marketable skills that's on them.
I took computer courses at devry and never once worked in the field. There are currently payments being made to former students via the FCC rulings on false advertising AND class action payments that can reimburse you for all or part of your debt.
I have not, nor will I apply for either despite qualifying. Other people are not responsible for my decisions

People are borne dumb you dumb-ass! We pay for education to end the stupidity. You advocate lying to students, taking their money without educating them to keep them dumb enough for the next thug to manipulate & take advantage.

That is NOT how we advanced society, economy, living standards, life, liberty & happiness. That's how Afghanistan & Sudan keep their people poor, stupid, slaves, brainwashed followers of fanatics.
 
Interesting idea. We wouldn't be in this position if our liberal politicians didn't insist that everyone has a right to go to college, regardless if they're intellectually or emotionally qualified. But I can understand why liberals want to get as many people in their brainwashing factories as possible. Colleges condition the student to support the Democrats who have bribed them with unaffordable promises for years, and now they expect to confiscate the money from the uninvolved American worker. No thanks. MAGA

But who made the unaffordable promise.

The real problem is most good paying jobs REQUIRE a bachelor's degree. It's a simple matter of supply and demand, really. More people need Bachelor degrees - but the number of seats in universities hasn't increased. Demand goes up, supply stays the same, prices increase.


I worked in purchasing for many years. Most purchasing jobs require a bachelor's degree. Why? No idea. The skills you need to be good at purchasing really can't be learned at college. (My own career path was through the Army in logistics and then moving to purchasing in the civilian world.)

So in 2008, when the recession hit and they fired the buyers in my department, I was able to land a new gig in about four weeks, but the lady who had a lot more experience than I did but no degree, wasn't able to land a new gig for more than a year.


To put it in perspective. When I graduated from UIC In 1985, tuition was about $1500 a year. That would be about $4751 in today's Dollars. In my case, the Army National Guard picked up most of my tuition, but I could still pay that working minimum wage jobs working 20 hours a week.

By comparison- UIC today costs $13,574 for in state tuition. About three times what it cost then. Working a full time minimum wage job in Illinois ($8.25 an hour) would net you $17,160. Which means you would have less than $4000 to pay for food, housing, books, transportation, clothing and so on.

Now, why has pricing gone up? Part of the reason as I said was demand. part of the reason was that back in the day, most of those operating costs for state universities were picked up by the state. The State cuts funding, they have to go to the students. The students don't have the funding, they have to go to the banks.

Then when Trump fucks up the economy, you find that they can't pay these loans back. Funny how that works.
True, there are the market forces of supply and demand, but when demand can ignore the cost, the link is broken. Minus the federal government loaning students the full amount of tuition, the rates would be a lot lower for the vast majority of students. Think of it this way, how much do you think the average house would cost if the government or government backed entities loaned virtually everyone the money to buy one, even those who could not afford it? 2008 comes to mind.
 
No one is forced to take out a student loan if they don't want to pay it back. There are less expensive state schools and community colleges out there, people can work their way through if they are motivated.
My daughter in law went to one of those "less expensive state schools" and has a six figure debt.

They should be able to afford a house in oh....40 years
Either your daughter was stupid or her parents were. MAGA
 
Interesting idea. We wouldn't be in this position if our liberal politicians didn't insist that everyone has a right to go to college, regardless if they're intellectually or emotionally qualified. But I can understand why liberals want to get as many people in their brainwashing factories as possible. Colleges condition the student to support the Democrats who have bribed them with unaffordable promises for years, and now they expect to confiscate the money from the uninvolved American worker. No thanks. MAGA

But who made the unaffordable promise.

The real problem is most good paying jobs REQUIRE a bachelor's degree. It's a simple matter of supply and demand, really. More people need Bachelor degrees - but the number of seats in universities hasn't increased. Demand goes up, supply stays the same, prices increase.


I worked in purchasing for many years. Most purchasing jobs require a bachelor's degree. Why? No idea. The skills you need to be good at purchasing really can't be learned at college. (My own career path was through the Army in logistics and then moving to purchasing in the civilian world.)

So in 2008, when the recession hit and they fired the buyers in my department, I was able to land a new gig in about four weeks, but the lady who had a lot more experience than I did but no degree, wasn't able to land a new gig for more than a year.


To put it in perspective. When I graduated from UIC In 1985, tuition was about $1500 a year. That would be about $4751 in today's Dollars. In my case, the Army National Guard picked up most of my tuition, but I could still pay that working minimum wage jobs working 20 hours a week.

By comparison- UIC today costs $13,574 for in state tuition. About three times what it cost then. Working a full time minimum wage job in Illinois ($8.25 an hour) would net you $17,160. Which means you would have less than $4000 to pay for food, housing, books, transportation, clothing and so on.

Now, why has pricing gone up? Part of the reason as I said was demand. part of the reason was that back in the day, most of those operating costs for state universities were picked up by the state. The State cuts funding, they have to go to the students. The students don't have the funding, they have to go to the banks.

Then when Trump fucks up the economy, you find that they can't pay these loans back. Funny how that works.

Joe: "Now, why has pricing gone up?"

The price went up primarily because the government is flooding universities with free money. Then when people graduate with degrees in English and psychology they couldn't pay them back.

Ironically our goal here is the same. The government should STOP funding degrees and let universities and students deal with tuition. Then people will start getting better degrees or to your point stop going to college for jobs that don't really need college degrees. Then universities will have to right size and get their costs in line with reality.

Once again government is not the solution, government is the problem

That is easy to say. The fact is that many people who might not have been able to go to college have been able to do so. Worth noting that red states especially have underfunded state colleges making it more expensive. Also many of these private loan companies have defrauded their customers by pushing them into plans that raise the amount they owe.
 
That is easy to say. The fact is that many people who might not have been able to go to college have been able to do so. Worth noting that red states especially have underfunded state colleges making it more expensive. Also many of these private loan companies have defrauded their customers by pushing them into plans that raise the amount they owe.


There have always been crooked shylocks out there looking to take advantage of naive borrowers.

Should the government step in as a lender for auto loans, credit cards, mortgages or pawn shops too? There are people seeking to take advantage of desperate borrowers in all fields of finance.

Why the special treatment for students?
 
Until you see people like JoeBlow even address the fact there are 100's of colleges and universities that rake in $10s and even $100s millions per year from taxpayers - with graduation rates as low as the SINGLE DIGIT %.... the problem will go on and on and on.

Name one.

The thing is, if you cut what little is still be provided to the states, they'll just pass that on to the students.

yes, there are a lot of scams out there like the University of Phoenix, etc. Hell, I think even Trump tried to run a scam university once, and it went as well as his other failures.

Boy - sure killed this thread.
It is hard for liberals to admit that the "everyone should go to college" fairyland policy - IS A DISASTER. That has racked up high debts on a few million "students" that never graduated... because... wait for it... they shouldn't have went to college in the first place!! You got students that didn't even graduate high school, flunking every class their freshman year - still in college!! Having a grand ol' time partying it up with all expenses paid so liberals can brag about how much they spend sending "unfortnate" students to a place they don't belong.

Another racist who uses "code words" so he thinks we don't know who he means.
 
Trump is has been VERY good for the economy. COVID and Democrat's hiding in their basements...not so much. I know you are much to dumb to understand.

200,000 dead
6.6 million sick
160,000 businesses closed (94,000 permanently)
40 million jobs lost.
8.2% unemployment
Riots in the streets.

Um, yeah, Trump has been awesome... FOR PUTIN!!!


Sure, these nice, young protestors sure are a great example of the world in which you want to live. Idioicy.

One where racist cops don't murder black folks in the streets? Um, I'm not sure why you want that to be a thing. Oh, wait, yes, I do.

This is a flat out lie. State universities received funding from the state. That is an irrefutable fact. Sorry if I don't feel sorry for schools who participate in the facilities race to compete with other universities. They build the equivalent of 5-star hotels on campus for student housing and many other ridiculous frills.

Um, yeah. So here's the thing, when you are competing for students, you have to compete just like any other business. That means more amenities. And, yes, out of state students are more lucrative than in state students. Remember what I said about UIC being 13,000 now. Well, it's 27,000 for out of state students, and that's BEFORE they pay for dorm rent. Darned right you want those out of state dollars.

The ironic thing is UIC was supposed to be the university for the inner city kids who couldn't afford to go to Urbana. Today, less than 8% of their student body is African American.

Now, if we did it a sensible way, everyone gets college who merits, but you are assigned based on where you live, you probably wouldn't need to do this. But that would be running it as a public service and not a business.


When I was in college, I lived in a crappy dorm for a couple of years and then in the equivalent of an old-school fraternity house for a couple.

Nobody wants to hear about your time at Talking Snake U. in Jesusland.

There are many jobs that pay well without college degrees. Good electricians can make quite a bit of money. Obviously starting your own business doesn't require a degree. Keep in mind, there are many jobs that require a college degree that pay less on average than the average electrician, welder, LPN's, etc. so what was the point of going to college and racking up a lot of debt?

Most of those trade jobs are union, and you guys are trying to take away union scales. "Here, jump on to this boat the One Percenters are trying to sink!!!" Brilliant.

You got it. That and the extraordinary costs are by biggest beefs. At least you finally admit it. Yes, they promote laziness, bigotry and Socialism. Glad you are cool with it, but it will ultimately destroy the US.

Only person I see destroying the US right now are Trump and his MAGAts.
 
Joe: "Now, why has pricing gone up?"

The price went up primarily because the government is flooding universities with free money. Then when people graduate with degrees in English and psychology they couldn't pay them back.

That's not the case at all. When I went back in the 1980's, that was true, the State funded UIC and other state universities. Today, that's all tuition.

I previously listed the top majors, Psychology came in at #3 and English at #12, and those are often good enough to get you jobs at entry level in companies that won't hire non-college grads.


The problem is, even jobs for college grads aren't keeping up with inflation and expenses... The One Percent has been doing a demolition job on the Middle Class for the last 40 years, after all. So when these kids see their parents massively in debt working two jobs to make ends meet, and they look at their own bleak futures saddled with college debt... you scratch your big monkey cranium and wonder why Bernie is so appealing to them.

Ironically our goal here is the same. The government should STOP funding degrees and let universities and students deal with tuition. Then people will start getting better degrees or to your point stop going to college for jobs that don't really need college degrees. Then universities will have to right size and get their costs in line with reality.

No, the government needs to bring the universtities to heel and make the availability of college more egalitarian. Less guys like Trump getting someone to take their SAT's for them and more letting smart poor kids who work hard get a chance.

I doubt that the companies will stop asking for college degrees, because 1) A HS Diploma isn't proof of anything at this point and 2) never expect the Rich to give up a power advantage.
 
Really?
There are close to 100 colleges in the United States with less than 10% graduation rates.
NONE of these colleges should be legally allowed to stay open.

Really? This sounded like one of your bullshit claims, so I figured I'd check it out.


571 Colleges listed, the LOWEST gradution rate was 35%
 
Joe: "Now, why has pricing gone up?"

The price went up primarily because the government is flooding universities with free money. Then when people graduate with degrees in English and psychology they couldn't pay them back.

That's not the case at all. When I went back in the 1980's, that was true, the State funded UIC and other state universities. Today, that's all tuition.

I previously listed the top majors, Psychology came in at #3 and English at #12, and those are often good enough to get you jobs at entry level in companies that won't hire non-college grads.


The problem is, even jobs for college grads aren't keeping up with inflation and expenses... The One Percent has been doing a demolition job on the Middle Class for the last 40 years, after all. So when these kids see their parents massively in debt working two jobs to make ends meet, and they look at their own bleak futures saddled with college debt... you scratch your big monkey cranium and wonder why Bernie is so appealing to them.

Ironically our goal here is the same. The government should STOP funding degrees and let universities and students deal with tuition. Then people will start getting better degrees or to your point stop going to college for jobs that don't really need college degrees. Then universities will have to right size and get their costs in line with reality.

No, the government needs to bring the universtities to heel and make the availability of college more egalitarian. Less guys like Trump getting someone to take their SAT's for them and more letting smart poor kids who work hard get a chance.

I doubt that the companies will stop asking for college degrees, because 1) A HS Diploma isn't proof of anything at this point and 2) never expect the Rich to give up a power advantage.



Is there really that much of a demand for new psychologists out there that it should be #3 on the list? Shouldn't universities be training more civil engineers, proctologists or periodontists instead? Why are that many shrinks in training getting loans to study?
 
Is there really that much of a demand for new psychologists out there that it should be #3 on the list? Shouldn't universities be training more civil engineers, proctologists or periodontists instead? Why are that many shrinks in training getting loans to study?

New psychologists? Not necessarily. New people working in social services, human resources, etc. where psychology would be useful, absolutely.

I would argue we don't have enough psychologists, given that 18% of the population suffers from some kind of mental illness and most of them aren't getting treatment.
 
Is there really that much of a demand for new psychologists out there that it should be #3 on the list? Shouldn't universities be training more civil engineers, proctologists or periodontists instead? Why are that many shrinks in training getting loans to study?

New psychologists? Not necessarily. New people working in social services, human resources, etc. where psychology would be useful, absolutely.

I would argue we don't have enough psychologists, given that 18% of the population suffers from some kind of mental illness and most of them aren't getting treatment.


Actually, you are wrong. The number of people taking lithium, Haldol , Librium and other psychoactive drugs is at an all time time, all of which are prescribed by their physicians. I don't think that there is a shortage of psychiatric treatment out there by any stretch of the word.
 
Joe: "Now, why has pricing gone up?"

The price went up primarily because the government is flooding universities with free money. Then when people graduate with degrees in English and psychology they couldn't pay them back.

That's not the case at all. When I went back in the 1980's, that was true, the State funded UIC and other state universities. Today, that's all tuition.

I previously listed the top majors, Psychology came in at #3 and English at #12, and those are often good enough to get you jobs at entry level in companies that won't hire non-college grads.


The problem is, even jobs for college grads aren't keeping up with inflation and expenses... The One Percent has been doing a demolition job on the Middle Class for the last 40 years, after all. So when these kids see their parents massively in debt working two jobs to make ends meet, and they look at their own bleak futures saddled with college debt... you scratch your big monkey cranium and wonder why Bernie is so appealing to them.

Ironically our goal here is the same. The government should STOP funding degrees and let universities and students deal with tuition. Then people will start getting better degrees or to your point stop going to college for jobs that don't really need college degrees. Then universities will have to right size and get their costs in line with reality.

No, the government needs to bring the universtities to heel and make the availability of college more egalitarian. Less guys like Trump getting someone to take their SAT's for them and more letting smart poor kids who work hard get a chance.

I doubt that the companies will stop asking for college degrees, because 1) A HS Diploma isn't proof of anything at this point and 2) never expect the Rich to give up a power advantage.

This is nothing but Marxist rhetoric and your treating politically motivated Democrat accusations as fact. Removing those leaves your post whittled down basically to the word "the."

But again, the government IS flooding universities with free money. But then when people graduate it's not free. But the students spend freely borrowing and paying in and the Universities have no incentive to push students to STEM degrees that actually provide good jobs and they don't control their own costs, they don't need to. Then they use the money to attack the source of all their own wealth, US businesses. It's pathetic. As are people like you who support it.

Without free flowing government money, fewer people would go to college (which we agree should happen), the ones who go would be more cost conscious about how long they are there and what they study and the whole thing would become so much more financially sound.

And companies would stop requiring college degrees as you said for jobs that really don't require one as people with useless degrees to fill them stopped being so readily available
 
Joe: "Now, why has pricing gone up?"

The price went up primarily because the government is flooding universities with free money. Then when people graduate with degrees in English and psychology they couldn't pay them back.

That's not the case at all. When I went back in the 1980's, that was true, the State funded UIC and other state universities. Today, that's all tuition.

I previously listed the top majors, Psychology came in at #3 and English at #12, and those are often good enough to get you jobs at entry level in companies that won't hire non-college grads.


The problem is, even jobs for college grads aren't keeping up with inflation and expenses... The One Percent has been doing a demolition job on the Middle Class for the last 40 years, after all. So when these kids see their parents massively in debt working two jobs to make ends meet, and they look at their own bleak futures saddled with college debt... you scratch your big monkey cranium and wonder why Bernie is so appealing to them.

Ironically our goal here is the same. The government should STOP funding degrees and let universities and students deal with tuition. Then people will start getting better degrees or to your point stop going to college for jobs that don't really need college degrees. Then universities will have to right size and get their costs in line with reality.

No, the government needs to bring the universtities to heel and make the availability of college more egalitarian. Less guys like Trump getting someone to take their SAT's for them and more letting smart poor kids who work hard get a chance.

I doubt that the companies will stop asking for college degrees, because 1) A HS Diploma isn't proof of anything at this point and 2) never expect the Rich to give up a power advantage.



Is there really that much of a demand for new psychologists out there that it should be #3 on the list? Shouldn't universities be training more civil engineers, proctologists or periodontists instead? Why are that many shrinks in training getting loans to study?

My nephew's wife went to a good school on a free ride and wasted it on a degree in psychology. Now that she has to get a real job, she wants to be a physical therapist. She's had to spend the last several years in school on her own dime at night making up the science classes to get in to a graduate program in physical therapy. She's bright and motivated, she'll get there. But what a great example of how useless our system is and how little good advice she got.

Sure, I liked psychology. But no way I was going to major in it. Just do the math. The number of people who get degrees in it just far, far exceed the number of jobs in the field.

My niece asked me about majoring in journalism before she went to school. I told her if you love it and are committed to it and realize even if you are successful you'll be pretty broke for a long time but it's what you really want to do, then do it. But don't do it because you just think it's fun and interesting.

She came back later and said she wasn't that committed, she was picking a more useful major.

One other story. I used to tutor calculus at the local high school. It was a program at my work, they let me go during the day as calculus tutors are hard to find and my work was supporting the high school. My favorite student on the last day thanked me again for all the help I gave him. He also told me many people asked him what he wanted to study in college. But I was the only one who asked him what he wanted to do AFTER college, and it really made him think.

It's the kind of advice kids need and don't get. Find your passion! What interests you? Do that! I say yes, but look at the whole picture
 
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