[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.

[JMintzer]

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.

Back in your day, college was much cheaper in comparison. You couls actually work part time and Summers and pay for college...

Today, you could work full time @ $10.00/hr and not make enough for 1 year's tuition and board at an "affordable" State School...

Now, that does not mean I'm in favor of this loan forgiveness. You took the loan, you should pay it back... But they could lower the interest rates and extend the payment plan time to make it more affordable.

I won't even get into the skyrocketing costs of tuition... That's another topic for another day...

[retiredguy123]

Before the time when student loans were the norm, it was possible to work your way through college. But, for many years now, I think tuitions have gone up so much that I don't think working part time could earn enough to pay for an education. It's very sad that the student loan programs have made it impossible to pay your own way, even if you want to.

[golfing eagles]

Originally Posted by JMintzer

Back in your day, college was much cheaper in comparison. You couls actually work part time and Summers and pay for college...

Today, you could work full time @ $10.00/hr and not make enough for 1 year's tuition and board at an "affordable" State School...

Now, that does not mean I'm in favor of this loan forgiveness. You took the loan, you should pay it back... But they could lower the interest rates and extend the payment plan time to make it more affordable.

I won't even get into the skyrocketing costs of tuition... That's another topic for another day...

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

[billethkid]

[dewilson58]

Originally Posted by Tvflguy

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

Maybe.

Will go thru courts first.

[tophcfa]

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.

Ditto! This also kind of makes me regret being responsible and working hard so I could pay for our daughters higher education. In hindsight I should of gone on a lot more ski, scuba diving, and golfing vacations and let her take out student loans that would wind up being forgiven. Who knew our country would evolve to one that penalizes responsibility?

[JMintzer]

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

Well, those $10,000,000 football coaches actually MAKE money for the schools, supporting the other sports that don't make any money, so...

But yeah, the tuition bloat is right in line with the ever increasing amount of government guaranteed loans one can take...

[Tvflguy]

Just as many EV manufacturers raised their EV vehicles after the GREEN bill was recently passed, to enable more EV tax credits…. Just watch univs and colleges raise their tuitions. Just wait.

Grrrrrrrrrr. Insanity.

Foreclose on our country.

[njbchbum]

Originally Posted by JMintzer

Back in your day, college was much cheaper in comparison. You couls actually work part time and Summers and pay for college...

Today, you could work full time @ $10.00/hr and not make enough for 1 year's tuition and board at an "affordable" State School...

Now, that does not mean I'm in favor of this loan forgiveness. You took the loan, you should pay it back... But they could lower the interest rates and extend the payment plan time to make it more affordable.

I won't even get into the skyrocketing costs of tuition... That's another topic for another day...

Don't know where you worked your way thru college - but in 1966 when I attended college and worked my part-time job at Bamberger's Dept Store the min wage was $1.96/hr which equals out to close to $11/hr today.

As you say - discussing abusive tuition costs are for another day.

[njbchbum]

Originally Posted by JMintzer

Well, those $10,000,000 football coaches actually MAKE money for the schools, supporting the other sports that don't make any money, so...

But yeah, the tuition bloat is right in line with the ever increasing amount of government guaranteed loans one can take...

How many colleges/universities have such coaches to make money for them much less have a football team?

[MartinSE]

The government created the problem by making student loans available and NOT regulating the universities so they could not raise tuition in response. With the rise in tuition came the rise in salaries, and more. Universities became a profit center. And they devolved into the mess we have today - sort of like healthcare. Education and healthcare in my not so humble opinion have no business being businesses. They are investments in our country but improve productivity and competition with the rest of the world.

So, we screwed up, and we need to fix it. $2T of debt is a serious burden that students are carrying because our government screwed up. They were told over and over growing up - "YOU HAVE TO HAVE A COLLEGE DEGREE TO SUCCEED". Then they looked into it and found that would cost them $10's of thousands per semester, no way you can work you way through college anymore unless you are a politician or an investment banker, and if you ware you don't need a college degree.

I love the comparisons to the 1960's - LOL! Seriously? You could go to college in the state you were a resident and most of the time it was free or a few hundred to a thousand per semester. Yup, you could flip burgers and pay that.

I personally think we should regulate state universities so any resident can go to college (or community college) for free. Anyone wanting to go to a private or ivy league university can pay the price for it.

And I personally would rather the government spend $2T of my tax dollars forgiving ALL the student debt and canceling the program, than they did throwing away $4T fighting a war for 20 years in Afghanistan without telling the military how they were supposed to win it. Or another $5T throwing money at COVID and having 1/2 of it stolen.

Let's see help our children or fight an endless war with can't win? Hmm. hard choices.

[Keefelane66]

More than 11.8 million Paycheck Protection Program (PPP) loans were issued as of June 30, 2021, with 708 borrowers receiving the maximum loan amount of $10 million. Of the total number of loans, 4.1 million have been forgiven. The average dollar amount forgiven was $95,700.

[retiredguy123]

If you cancelled the entire student loan program, college tuition would drop like a lead balloon.

[MartinSE]

Originally Posted by retiredguy123

If you cancelled the entire student loan program, college tuition would drop like a lead balloon.

Exactly. It meant well, but was poorly implemented:

Some thought about the $10K

Avg 4-year tuition:
•1968: $1.200
•2022: $45K

Avg Hospital cost to have a baby:
•1968: $407
•2022: $32K

Ave House:
•1968: $24,700
•2022: $345K