The universities raising prices are a symptom. Not the root cause. For example, if businesses raise prices or hire less workers due to an increase in minimum wage, you don't blame or boycott the business. You put the torches at the government, who caused that situation to begin with.
And why would the school tell them that? So they could get that REALLY HIGH TUITION paid by the loan that the bank provides. Keep in mind, it's part and parcel with covering things under insurance. If someone else is paying for the education (a bank) then colleges will just jack up the rate. That's the same reason why medical costs are so high when covered by insurance, and why things like LASIK (not covered) are so low in price.
This notion of "too big to fail" needs to go away. Banks are truly the problem. We already have cryptocurrency, decentralized alternatives (stablecoin DAI and untraceable coin XMR).
The fact that you think my answer was "tha joooos" is pretty antisemetic. My answer is the elite bankers. Klaus Schwab, for example. Those who advocate for the great reset.
Let it tank. I'd rather suffer 7 years, than have to suffer my entire lifetime, and generations afterwards. Alternatives like crypto will rise to prominence, where there is no middlemen. Decentralization is the only solution.
I'm not suffering at alll right now. I paid off my own student loans, saved, and now have a decent nest egg building. So I should have my nest egg (which is invested in the market) destroyed because banks bad to people who never bothered to read an economics book?
I'm in my 30's and all this while paying a mortgage and a wife and 2 kids on a middle class income.
Why the fuck would I want to tank an economy so that the same people who want me "canceled" can avoid the consequences of their decisions?
I don't think you see the bigger picture. Sure you have a vitriol hate for the other side, and I do find those individuals insufferable. But I'm afraid that if you just try to fix the symptoms and not solve the root cause of the problems, then you'll always have these sorts of divisions, and horrible progressive movements. After all, your kids will be the ones who will have to live in the world you leave them.
Oh I see it very clearly. The answer to student loan debt is not to have shitheads forgo the consequences of their actions. It's to hold them up as examples of their idiocy for the next generation to use as an example of what not to do.
My kids will not see a penny of the money I have put away for their college unless they can show me what they intend to study and how that will translate into a lucrative career. And they will be better for it.
You change how people think about college and the problem of student loan debt will go away...and it will take the bloated anti white curriculum with it.
> not to have shitheads forgo the consequences of their actions
I don't think so. You still seem to make decisions by wanting to see how the other side feels. I guess you follow what the banks tell you to think. Sure, unfortunately they may get a side benefit. But consider that by taking a drastic action like this sets a precedent, and ensures that banks won't start giving out predatory loans for other aspects of life, like car, home, etc.
As someone who fell for a Bachelor’s in a Liberal Arts field (but now working in tech), fuck those Commie re-education camps. College is a scam and mostly used to indoctrinate.
If students are so weak minded that they can't dispel propaganda from their heads, then banks should not have the means for giving out predatory school/auto loans to these individuals like candy.
They hand loans out like candy to anyone with a pulse, without regard for how they will be paid back, they can't be charged off during a bankruptcy. Schools are more than willing to take your money for a degree that isn't worth shit. Nobody is giving these students proper guidance. The the school system drags out your degree with useless credits. My wife works at a college in New York. She regularly sees students go to file for graduation only to be told that classes they took are no longer valid towards their degree. Or that they need a class that won't be offered until two semesters from now. The system needs to overhauled for sure. The government providing backing for loans and handing out funding gave colleges the excuses they needed to piss away money and jack up prices.
Obama is a problem. But better to solve the ROOT cause. Which is those who lobbied and paid Obama to sign said legislation. I wonder who those could be....
You probably agree that schools are indoctrination zones. Students are indoctrinated because they are weak-minded at that age. If students are so weak minded that they can't dispel propaganda from their heads, and banks and schools do a great job indoctrinating kids about going to college, then banks should not have the means for giving out predatory school/auto loans to these individuals like candy.
That penalizes those who decided to live within their means and go to a school that was affordable.
Just like the cash for clunkers program meant nothing for those who, like me, pay cash for their cars.
Same for any talk of mortgage relief programs... it screws over those who have no debt because EVENTUALLY it is the responsible people who end up with the bill.
And, who is going to convince the faculty and administrators to work for free when everyone from this point forward wants a free education?
This isn't true. Please read my post. I want banks to fail. I want them to take the hit. Not the tax payer, not the student. No one. The reason why schools are so expensive is due to the ease in which loans are given out. If someone else is paying for the education (a bank) then colleges will just jack up the rate. That's the same reason why medical costs are so high with insurance, and why things like LASIK are so low in price.
However, the system should be changed. There is no incentive for universities to actually compete and lower costs. They charge whatever they want because deluded students will pay whatever it takes. The banks are happy to lend the money, because the State backs it. The banks can not lose. The State can not lose. The universities can not lose.
The only one who loses is the students who end up with a mostly worthless degree. Oh, and the tax payers who will inevitable foot the bill. Again.
This was essentially the mortgage market in 2000's right after the dotcom bust.
Government institutions Freddie and Fannie were the biggest pushers then came the CDS's (credit default swaps), ninja loans.....government guaranteeing loans to push a political agenda sends a signal to the market (banks) that it's OK we will make you whole again. it's all politics and it's 100% bullshit.
A wise man once told me. it's a big shit sandwich out there and sooner or later we're all gonna have to take a bite.
100% Bank Loan Jubilee to all direct loan debts private and public.
STIFF. THE. FED.
These bankers have been playing the games you describe for over 100 years in this country. They have made plenty of captive profit. They can try to repossess the world. That would be interesting.
If I had to make an argument for student loan forgiveness it would be that the school system and Government legit took advantage of kids.
Imagine from between the ages of 4-18,
Every.
Single.
Day.
Your teachers are telling you that you MUST go to college. YOU MUST GO IN ORDER TO BE SUCCESSFUL. NOTHING ELSE WILL WORK. The same teachers preyed on the parents who didn't have degrees, telling them their kids can go to college and be more successful.. it was a fucking lie.
Then the Government backed loans with shit requirements handed the universities blank checks and inflated the costs at the cost of the kids. It was a fucking scam. It flooded the market with graduates devaluing the education. I do have friends with bioengineering, computer science, business degrees, etc that can't find work in those fields.
If someone were to be sued for this scam, who would it be?
The universities raising prices are a symptom. Not the root cause. For example, if businesses raise prices or hire less workers due to an increase in minimum wage, you don't blame or boycott the business. You put the torches at the government, who caused that situation to begin with.
I paid mine off working 2-3 jobs at a time, I agree it should be paid by the person who took the loan. It’s called personal responsibility. A real part of life that libtards try to pretend doesn’t exist.
Free Healthcare can already take you home (Medicaid liens). Its just wealth redistribution with a facade of helping the less fortunate (and hurting them later, in obfuscated ways)
Biden would have been even more a slave to the corporate and bank overlords. It's a shame you don't want to want to take aim at the root cause of a problem and want to take actions that "pwn the other side haha lol xD" . You might want to stop watching Turning Point USA and realize that Ron Paul was right, my friend. Your monopoly funny money called the US dollar is unsustainable. Eliminate the Fed and the banks that cause this and want to create the great reset. Move to crypto.
And why would the school tell them that? So they could get that REALLY HIGH TUITION paid by the loan that the bank provides. Keep in mind, it's part and parcel with covering things under insurance. If someone else is paying for the education (a bank) then colleges will just jack up the rate. That's the same reason why medical costs are so high when covered by insurance, and why things like LASIK (not covered) are so low in price.
People sign contracts accepting the loans. They are adults. They need to learn to take responsibility. They could have gone to a trade school for $2000 making $20/hour but decided to get a degree for $60,000 to get a job making $20/hour. Colleges are way overinflated. Needs over hauled. As an engineer I needed to take foreign language , gym, humanities, social classes. About 40% of my undergrad was bullshit classes.
Only if my mortgage is forgiven also
The difference is, your property is actually worth something. A bachelors has 0 actual value.
First the student loans, then the mortgages. The banks have caused trillions of dollars in damages since 2008, dividing this nation more than ever.
If they did want to forgive my mortgage, I would assume there’s strings attached, probably far worse than my mortgage, I would reject it.
Everyone withdraw money on the same day ;-)
Universities should eat it
The universities raising prices are a symptom. Not the root cause. For example, if businesses raise prices or hire less workers due to an increase in minimum wage, you don't blame or boycott the business. You put the torches at the government, who caused that situation to begin with.
And why would the school tell them that? So they could get that REALLY HIGH TUITION paid by the loan that the bank provides. Keep in mind, it's part and parcel with covering things under insurance. If someone else is paying for the education (a bank) then colleges will just jack up the rate. That's the same reason why medical costs are so high when covered by insurance, and why things like LASIK (not covered) are so low in price.
There’s no use going after the banks. You’ll kill the economy.
Go after the colleges instead. Harvard alone has a $40billion endowment. No reason for them to hoard money and behave so predatorily on youth.
This notion of "too big to fail" needs to go away. Banks are truly the problem. We already have cryptocurrency, decentralized alternatives (stablecoin DAI and untraceable coin XMR).
Feds set the limits on federally backed student loans, not banks. This is a fed created problem. The more they approve, the higher tuition goes.
But who makes up the Fed? Why the big banks of course.... :-)
Not the federal reserve... federal government.
Then ask yourself, who owns the federal government? Who pays politicians, and who funds a majority of the campaigns?
It’s okay that you were wrong. You don’t have to turn everything into a conspiracy. Or is your expected answer ThE jEwS!!
The fact that you think my answer was "tha joooos" is pretty antisemetic. My answer is the elite bankers. Klaus Schwab, for example. Those who advocate for the great reset.
It’s because you sound like an anti-Semite conspiracy theorist.
Nope, I paid mine off. They can pay theirs.
And let the bad behavior of banks persist? I don't think that's a great long term solution, honestly.
Neither is tanking an economy because the same shithead who calls you a nazi decided to major in lesbian dance art.
Let it tank. I'd rather suffer 7 years, than have to suffer my entire lifetime, and generations afterwards. Alternatives like crypto will rise to prominence, where there is no middlemen. Decentralization is the only solution.
I'm not suffering at alll right now. I paid off my own student loans, saved, and now have a decent nest egg building. So I should have my nest egg (which is invested in the market) destroyed because banks bad to people who never bothered to read an economics book?
I'm in my 30's and all this while paying a mortgage and a wife and 2 kids on a middle class income.
Why the fuck would I want to tank an economy so that the same people who want me "canceled" can avoid the consequences of their decisions?
I don't think you see the bigger picture. Sure you have a vitriol hate for the other side, and I do find those individuals insufferable. But I'm afraid that if you just try to fix the symptoms and not solve the root cause of the problems, then you'll always have these sorts of divisions, and horrible progressive movements. After all, your kids will be the ones who will have to live in the world you leave them.
Oh I see it very clearly. The answer to student loan debt is not to have shitheads forgo the consequences of their actions. It's to hold them up as examples of their idiocy for the next generation to use as an example of what not to do.
My kids will not see a penny of the money I have put away for their college unless they can show me what they intend to study and how that will translate into a lucrative career. And they will be better for it.
You change how people think about college and the problem of student loan debt will go away...and it will take the bloated anti white curriculum with it.
> not to have shitheads forgo the consequences of their actions
I don't think so. You still seem to make decisions by wanting to see how the other side feels. I guess you follow what the banks tell you to think. Sure, unfortunately they may get a side benefit. But consider that by taking a drastic action like this sets a precedent, and ensures that banks won't start giving out predatory loans for other aspects of life, like car, home, etc.
You might want to read into why 2008 was caused.
Banks made it easy to get the loans, colleges raised tuition as it became easier to go in debt.
Thank you !
No.
> No argument
At least others have reasoning. You contribute nothing. Opinion discarded.
As someone who fell for a Bachelor’s in a Liberal Arts field (but now working in tech), fuck those Commie re-education camps. College is a scam and mostly used to indoctrinate.
If students are so weak minded that they can't dispel propaganda from their heads, then banks should not have the means for giving out predatory school/auto loans to these individuals like candy.
They hand loans out like candy to anyone with a pulse, without regard for how they will be paid back, they can't be charged off during a bankruptcy. Schools are more than willing to take your money for a degree that isn't worth shit. Nobody is giving these students proper guidance. The the school system drags out your degree with useless credits. My wife works at a college in New York. She regularly sees students go to file for graduation only to be told that classes they took are no longer valid towards their degree. Or that they need a class that won't be offered until two semesters from now. The system needs to overhauled for sure. The government providing backing for loans and handing out funding gave colleges the excuses they needed to piss away money and jack up prices.
Letting people file for bankruptcy on their loans would be a HUGE fkin hit to the colleges.
Obama is a problem. But better to solve the ROOT cause. Which is those who lobbied and paid Obama to sign said legislation. I wonder who those could be....
You probably agree that schools are indoctrination zones. Students are indoctrinated because they are weak-minded at that age. If students are so weak minded that they can't dispel propaganda from their heads, and banks and schools do a great job indoctrinating kids about going to college, then banks should not have the means for giving out predatory school/auto loans to these individuals like candy.
That penalizes those who decided to live within their means and go to a school that was affordable.
Just like the cash for clunkers program meant nothing for those who, like me, pay cash for their cars.
Same for any talk of mortgage relief programs... it screws over those who have no debt because EVENTUALLY it is the responsible people who end up with the bill.
And, who is going to convince the faculty and administrators to work for free when everyone from this point forward wants a free education?
This isn't true. Please read my post. I want banks to fail. I want them to take the hit. Not the tax payer, not the student. No one. The reason why schools are so expensive is due to the ease in which loans are given out. If someone else is paying for the education (a bank) then colleges will just jack up the rate. That's the same reason why medical costs are so high with insurance, and why things like LASIK are so low in price.
I totally agree with the medical analogy. In fact, been using the lasik argument for the last 15 years.
But student loan forgiveness effectively penalizes those who PAID for the education and who chose a lesser school on the basis of affordability.
Student A goes to Harvard and is forgiven for their loan = free Harvard education
Studen B goes to a local college w/no loans = money spent for a less prestigious diploma
Student A gets the best for nothing while student B get less for SOMETHING.
what they should do is allow defaults on student loans. they made bad loans let them take the losses
This is a good idea.
No, they should not be forgiven.
However, the system should be changed. There is no incentive for universities to actually compete and lower costs. They charge whatever they want because deluded students will pay whatever it takes. The banks are happy to lend the money, because the State backs it. The banks can not lose. The State can not lose. The universities can not lose.
The only one who loses is the students who end up with a mostly worthless degree. Oh, and the tax payers who will inevitable foot the bill. Again.
spot on.
This was essentially the mortgage market in 2000's right after the dotcom bust. Government institutions Freddie and Fannie were the biggest pushers then came the CDS's (credit default swaps), ninja loans.....government guaranteeing loans to push a political agenda sends a signal to the market (banks) that it's OK we will make you whole again. it's all politics and it's 100% bullshit.
A wise man once told me. it's a big shit sandwich out there and sooner or later we're all gonna have to take a bite.
Why stop with student loans?
100% Bank Loan Jubilee to all direct loan debts private and public.
STIFF. THE. FED.
These bankers have been playing the games you describe for over 100 years in this country. They have made plenty of captive profit. They can try to repossess the world. That would be interesting.
Not saying to stop student loans, but rather I am saying what you're saying. Let the banks (which make up the Fed effectively) take the hit.
If I had to make an argument for student loan forgiveness it would be that the school system and Government legit took advantage of kids.
Imagine from between the ages of 4-18,
Every.
Single.
Day.
Your teachers are telling you that you MUST go to college. YOU MUST GO IN ORDER TO BE SUCCESSFUL. NOTHING ELSE WILL WORK. The same teachers preyed on the parents who didn't have degrees, telling them their kids can go to college and be more successful.. it was a fucking lie.
Then the Government backed loans with shit requirements handed the universities blank checks and inflated the costs at the cost of the kids. It was a fucking scam. It flooded the market with graduates devaluing the education. I do have friends with bioengineering, computer science, business degrees, etc that can't find work in those fields.
If someone were to be sued for this scam, who would it be?
i think the universities should take the burden
The universities raising prices are a symptom. Not the root cause. For example, if businesses raise prices or hire less workers due to an increase in minimum wage, you don't blame or boycott the business. You put the torches at the government, who caused that situation to begin with.
I paid mine off working 2-3 jobs at a time, I agree it should be paid by the person who took the loan. It’s called personal responsibility. A real part of life that libtards try to pretend doesn’t exist.
I think student loan was a pay to play scheme for banks, universities (allowed tuition hikes, allowed high price tags for 'prestigious' schools.)
Theyre doing it with the Be Your Own Boss movement now with business loans. Social push first, then the business loans are given out like candy...
Exactly. If no one draws a line in the sand, and doesn't fix the ROOT cause, then it will extend to homes, cars, etc.
Free Healthcare can already take you home (Medicaid liens). Its just wealth redistribution with a facade of helping the less fortunate (and hurting them later, in obfuscated ways)
<3
Just stop banks from having any government protections. That will straighten them up real quick.
<3
No
Yes
No. You do that, you remove all responsibility from a person. You might as well have voted for Biden to get your socialist ideas implemented.
Biden would have been even more a slave to the corporate and bank overlords. It's a shame you don't want to want to take aim at the root cause of a problem and want to take actions that "pwn the other side haha lol xD" . You might want to stop watching Turning Point USA and realize that Ron Paul was right, my friend. Your monopoly funny money called the US dollar is unsustainable. Eliminate the Fed and the banks that cause this and want to create the great reset. Move to crypto.
And why would the school tell them that? So they could get that REALLY HIGH TUITION paid by the loan that the bank provides. Keep in mind, it's part and parcel with covering things under insurance. If someone else is paying for the education (a bank) then colleges will just jack up the rate. That's the same reason why medical costs are so high when covered by insurance, and why things like LASIK (not covered) are so low in price.
People sign contracts accepting the loans. They are adults. They need to learn to take responsibility. They could have gone to a trade school for $2000 making $20/hour but decided to get a degree for $60,000 to get a job making $20/hour. Colleges are way overinflated. Needs over hauled. As an engineer I needed to take foreign language , gym, humanities, social classes. About 40% of my undergrad was bullshit classes.