[xcaligirl]

If they didn't want the loan and agree to pay it back, they shouldn't have gone to college! We've signed documents for loans which meant we COMMITED to paying it back. As former bankers, this just doesn't sit well with us!!

[retiredguy123]

Originally Posted by Aces4

Well, that’s interesting. My spouse and I did just that, ran a successful business and hired employees without college degrees in our hands. We were probably far more successful that many of our peers. I guess we missed the indoctrination.

Excellent. But, I hope you aren't saying that everyone can start and operate a successful business. I ran a successful business with my wife, but I also had a college degree and a Government job to back us up. I will also add that what you learn in college does not prepare you for running a business.

[jimbomaybe]

Originally Posted by Ksfirefighter

The answer should be the School has to provide the loan! If they want to offer ridiculous classes, taught by woke “Professors” that don’t help your career. Then the school should be on the hook for wether the student pays back their loan for the classes the school offered.
If they find that attendance drops because people won’t go into debt for their worthless classes, then they will have to change their programs, professors, sports, lecturers, Admin salaries, endowments, or any other revenue streams to make them viable and worth what they offer for their service.
The tax payer shouldn’t be on the hook for any of it.
Any President doesn’t have the authority to just void a contract for personal debt, or authorize to change the budget item passed by congress.
The Supreme court will probably decide.

Dems dangle the carrot and Reps. have to be the bad guys that tell them you agreed to pay for it and now you have to do your part. You thought all those classes were worth buying.

Given the terms of the loan no agency other than a government would lend , the government, AKA politicians can do it with YOUR money, and look like heroes doing it, who in politics or government cares about wasted money?

[Carms]

In 1978, minimum wage was $2.65 and hour and tuition at my community college was $10/ credit hour. You’d have to work 3hours and 45 min to pay for one credit hour. Now, min wage $12 and credit hour is $134; you would need to work 11hour and 10 min for one credit hour. Higher education is not adequately funded. The best solution is to have no or extremely low interest loans. These young adults are paying interest on interest. I’m not in favor of the Biden plan because it is not fair. Rather wipe out or lower interest rates.

[airstreamingypsy]

Conservative Christians enraged about student loan forgiveness, missing the irony that their entire professed religion is based on the idea of canceled debt.

[eyc234]

Originally Posted by golfing eagles

Surely you don't mean that you are against skyrocketing tuition so the university can support professors to indoctrinate our grandchildren and go off to protest any city that doesn't let homeless drug addicts and mental patients camp out next to a nursery school or a state that bans transgender education for kindergarten kids . Not to mention $10,000,000 salaries for their football coach. No, you can't possibly mean that

Do not forget the grandchildren that attack the elected government and push totally false stolen election claims. There are schools that have rock climbing walls, water parks with lazy rivers and restaurants that would make many people envious. All the things that will help you make money when you graduate to pay back the debt you chose to take on.

[golfing eagles]

Originally Posted by forebubba

What about these loans

Representative Vern Buchanan (R-FL) said: “Biden’s reckless, unilateral student loan giveaway is unfair to the 87 percent of Americans without student loan debt and those who played by the rules.” Buchanan had more than $2.3 million in PPP loans forgiven.

Representative Markwayne Mullin (R-OK) said: “We do not need farmers and ranchers, small business owners, and teachers in Oklahoma paying the debts of Ivy League lawyers and doctors across the U.S.” Mullin had more than $1.4 million in PPP loans forgiven.

Representative Kevin Hern (R-OK) said: “To recap, in the last two weeks, the ‘Party of the People’ has supercharged the IRS to go after working-class Americans, raised their taxes, and forced them to pay for other people's college degrees.” Hern had more than $1 million in PPP loans forgiven.

Representative Mike Kelly (R-PA) said: “Asking plumbers and carpenters to pay off the loans of Wall Street advisors and lawyers isn’t just unfair. It’s also bad policy.” Kelly had $987,237 in PPP loans forgiven.

Representative Matt Gaetz (R-FL) said: Everyone knows that in a $60 Billion+ European land war, it's always the last $3 Billion that kicks in the door….” Gaetz had $482,321 in PPP loans forgiven.

Not familiar with these cases, but since the sampling given is 6/6 on one side of the aisle, I have to wonder if there was any loan forgiveness on the other side.........

[Vermilion Villager]

Originally Posted by Number 10 GI

My friend's granddaughter finished her Masters degree with zero student loan debt just this year, 2022, not 40 years ago. It can be done!

OK....please share with us on how she did that. If you can't then I'm calling BEEE...ESSSS!

[jercoppola]

This kind of reminds me of the amnesty America offered to those that went to other countries to avoid the draft and those that went AW0L during the Vietnam War. Yes like many I didn't agree with us being there, but like many others I was drafted and served my time. When the war was over America said to those that didn't serve, and ran, to come home all is forgiven. I felt that was a slap in the face to those that served. There were 58,000 Americans that lost their lives in the war and let's not forget the thousands that came home missing arms, legs and many other conditions like alcohol, drug and agent orange.
Yes I feel we should have made the offer to return to America but with some sort of required obligation. An obligation like a short tour in the Peace Core or some sort of Community Service, but no requirement at all was wrong in my opinion. The lack of any requirement to return to America with no obligation required was a real kick in the ass to those that did serve. I felt like a fool for serving and risking my life while others just disregarded their obligation.

Now we have this college debt forgiveness program that to me seems a lot like what I spoke about above. Those that paid college loans feel like hay what about me? We sacrificed and went without certain things in order to perform like we all promised when we took out a student loan. We all have obligations and made those commitments knowing full well what we committed to, MAKE GOOD ON THAT COMMITTMENT.

[retiredguy123]

Originally Posted by Carms

In 1978, minimum wage was $2.65 and hour and tuition at my community college was $10/ credit hour. You’d have to work 3hours and 45 min to pay for one credit hour. Now, min wage $12 and credit hour is $134; you would need to work 11hour and 10 min for one credit hour. Higher education is not adequately funded. The best solution is to have no or extremely low interest loans. These young adults are paying interest on interest. I’m not in favor of the Biden plan because it is not fair. Rather wipe out or lower interest rates.

The only reason that credit hours are so expensive is because the students can borrow the money. The schools will charge as much as they can to match the student loan money that is available. If you make it easier to borrow, then tuitions will increase. The best solution is to cancel the Federal loan program, and let the schools figure out how to make their degrees affordable.

College learning is mostly a DIY project anyway. There is no reason for tuition to be as expensive as it is.

[Fastskiguy]

Originally Posted by jercoppola

This kind of reminds me of the amnesty America offered to those that went to other countries to avoid the draft and those that went AW0L during the Vietnam War. Yes like many I didn't agree with us being there, but like many others I was drafted and served my time. When the war was over America said to those that didn't serve, and ran, to come home all is forgiven. I felt that was a slap in the face to those that served. There were 58,000 Americans that lost their lives in the war and let's not forget the thousands that came home missing arms, legs and many other conditions like alcohol, drug and agent orange.
Yes I feel we should have made the offer to return to America but with some sort of required obligation. An obligation like a short tour in the Peace Core or some sort of Community Service, but no requirement at all was wrong in my opinion. The lack of any requirement to return to America with no obligation required was a real kick in the ass to those that did serve. I felt like a fool for serving and risking my life while others just disregarded their obligation.

Now we have this college debt forgiveness program that to me seems a lot like what I spoke about above. Those that paid college loans feel like hay what about me? We sacrificed and went without certain things in order to perform like we all promised when we took out a student loan. We all have obligations and made those commitments knowing full well what we committed to, MAKE GOOD ON THAT COMMITTMENT.

Totally this

[WiscoGirl]

Originally Posted by Tvflguy

Back in my school/college days, I worked part time to pay for much of my higher education. And a loan in order to get by. It was tough but I persevered as many here in TV probably attest.

But if I would have waited to legally pay back my college loan, $10,000 would have now been paid back by the gvt. And taxpayers.

I’m such a fool. Always thought that it was the responsible thing to do. And gain personal satisfaction.

Nope. Now simply wait it out and let taxpayers pay some of it for you. Darn it.

You are no fool. Those who believe this is good are the fools!

We did not want to steal the JOY that comes from EARNING your education. We did not want to steal the INCENTIVE that comes from EARNING your education. We were mean parents. We kept the money we earned and did not fund our children's higher education.

Of course our children didn't like it, however both understood why earning a higher education was so important. Both did well in HS earning scholarships. Today, our son is engaged to be married and he's a 9th and 10th grade special education teacher. Our daughter is a wife and a registered nurse. Needless to say - we are very proud parents! They are paying for their educations! They can afford to because they graduated - here lies the problem! How many resources are we willing to waste?

Incentive for completion will all but disappear. Ill prepared young people will take the place of those who are prepared. Resources will become depleted. Who will decide how our children are accepted into college? Will there be a lottery for entry? Will merit and effort matter in the future?

What happens when all young people are allowed to enter college - without merit - while it is paid for?

*There will be too few professors.
*There will be too few schools.
*There will be too few desks & chairs.
*There will be too few resources.
*There will be too few military members.

The incentive to serve our country will all but disappear. Why would anybody choose to join the military? It includes signing on the dotted line FOR ANY AMOUNT - UP TO AND INCLUDING THEIR LIVES!!

Why should the people who've never attended college pay for those of us who did? It's simply unfair. We cannot afford to please everyone. It is up to the sovereign individual to make his/her own way in this life. And, it is up to his/her parents to guide the lives of their children.

Nothing is free - we will all pay! Our posterity will suffer.

[forebubba]

Originally Posted by golfing eagles

Not familiar with these cases, but since the sampling given is 6/6 on one side of the aisle, I have to wonder if there was any loan forgiveness on the other side.........

If one lives in a glass house should not throw stones

[eyc234]

Originally Posted by forebubba

What about these loans

Representative Vern Buchanan (R-FL) said: “Biden’s reckless, unilateral student loan giveaway is unfair to the 87 percent of Americans without student loan debt and those who played by the rules.” Buchanan had more than $2.3 million in PPP loans forgiven.

Representative Markwayne Mullin (R-OK) said: “We do not need farmers and ranchers, small business owners, and teachers in Oklahoma paying the debts of Ivy League lawyers and doctors across the U.S.” Mullin had more than $1.4 million in PPP loans forgiven.

Representative Kevin Hern (R-OK) said: “To recap, in the last two weeks, the ‘Party of the People’ has supercharged the IRS to go after working-class Americans, raised their taxes, and forced them to pay for other people's college degrees.” Hern had more than $1 million in PPP loans forgiven.

Representative Mike Kelly (R-PA) said: “Asking plumbers and carpenters to pay off the loans of Wall Street advisors and lawyers isn’t just unfair. It’s also bad policy.” Kelly had $987,237 in PPP loans forgiven.

Representative Matt Gaetz (R-FL) said: Everyone knows that in a $60 Billion+ European land war, it's always the last $3 Billion that kicks in the door….” Gaetz had $482,321 in PPP loans forgiven.

Not to mention all the millionaire business people and entertainment millionaires that got millions in loans and they were forgiven.

[golfing eagles]

Originally Posted by forebubba

If one lives in a glass house should not throw stones

Please explain how that post made any sense whatsoever.