I’m such a FOOL
 

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...

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.

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:1rotfl::1rotfl::1rotfl:

:censored:

Maybe.

Will go thru courts first.

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?

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...

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.

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.

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

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.

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.

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

Just more wealth distribution crap.

you mean a $10,000,000 coach can make money for the college, but a $2,000,000 coach can't????????

And there you have it. Welcome to the United Socialist States of America

Or the trillion in WEALTH TAX forgiven, grrrr! It's a no Brainer, assist a struggling student or a CEO trying to decide which multi-million dollar yacht to buy, daaah!

Make student loan debt dischargeable in Bankruptcy or cancel interest if you must, but no way should a $10,000 or $20,000 (in Pell Grant cases) LOAN be forgiven. There needs to be accountability. My kids went to state universities and got a great education. NO LOANS. They worked, we worked and saved, and made sacrifices and choices. Too much student loan money goes for beer and pizzas. The responsible people paid back, the others get a free pass.

:cus:

Spot on. These handout programs, especially this one is a disincentive for personal responsibility. And as someone here said wealth redistribution. And worse, will be a huge hit for more inflation.

I’ve heard from news sources that many are terribly disappointed that it’s not $50,000 each or a complete payoff. What a joke. Our poor country (literally). Uncle Sam is not only broke, he (WE) owe over $30 Trillion. We’re on the road of Rome. Sad.

Can someone explain to me why Joel Osteen, who’s church doesn’t pay taxes, got a PPP loan with our tax money?

My parents paid for my college education. No loans. But, I did drink a lot of beer and ate a lot of pizza.

I disagree with those who say you don't need a college degree. I hate to admit it, but, with a college degree, you can get a Government job and be set for life. No intelligence or competence required, just the piece of paper. The dumber you are, the more you need a college degree.

Unfair to people who don't live in hurricane zones to constantly bail out people who live along the Gulf Coast.

And what about the wheat farmers? Why should we help them out when I’m allergic to gluten?!?

how many times we bail out big business on the backs of the working American People. The very same people that couldn't afford a car, a plane ride or even a bank loan. How about the oil/gas industries? But don't bail out the working class poor But, let's bail out the rich?

I wish I knew what you are thinking

It’s interesting how many Christians are angry about student loan forgiveness when their savior literally died on a cross to cancel their debts.

Best post this year.

Not really. Christ also said "render unto Caeser that which is Caeser's"
You borrowed it---you pay it back. These deadbeats should just be glad they borrowed from Uncle Sam and not Rocco the loan shark.

Unlike those that took out a student loan, people who live in "hurricane zones" didn't sign a contract with the weather gods to have a hurricane wipe them out.

Dream on. In the 60s I could not attend college because I had to work 12 hrs a day. But i bought my first house at 22, always paid for my car loan and insurance. Raised a family that never missed a meal. Finally at ago 40 I went to college while working a full time job at night shift and paid for all the college bills. I now have a masters degree all paid for by me with hard work.
Now I am going to be taxed to pay for others that choose to sign up for big loans and never intended to pay the money back.
This is stealing money from some to pay for others that made bad choices

And for gulf coast people to pay for west coast fires and midwest floods

Education like just about anything else has costs so there will be a busines aspect to it, the expenditure has to be worth the expense , Blomberg has it that half of 25 year old's do not work in their field of study, many stories about large student debt and low paying jobs after graduation, yes changes in the economy but poor or no real planning for the most part, who should suffer for that? more government control ? ah the future !! the efficiency of the post office and the compassion of the IRS. I paid my kids tuition, they picked their own path, they had long talks with the Bank of Dad before any money was committed, six figure education and a low five figure job does not compute .

Which is why that person’s post was, hmmm, how to be polite——less than fully intelligent

///

Now that's an interesting viewpoint and there's probably truth to it. I do wonder why in this day and age so many people feel the need for a college degree. They, and us, would be much better off monetarily if they trained to be skilled craftsmen, like electricians, plumbers and HVAC technicians. But that would require hard work.

let me paraphrase Kate Burns on this subject, where apparently those of a particular political persuasion are against this student loan cancellation. Just pretend its a tax cut for the rich that you also never got but mysteriously didn’t complain about.

I am just curious how ma ny of the millions that have student loans you talked, since you seem to KNOW they never intended to pay it back.

Yeah, and we steal money to pay for hi ways that I never drive own. That is a LAME statement. Education benefits everyone. Most industrialized countries in the world today make college/university free to all - because it benefits all. What we did wrong was to make the rich richer, instead of simply making state universities non-profit. Predatory capitalism is the downfall of the US not socialism, which we have very little of.

Mosty industrialize nations have free education through college. It does not have to be a business. We now have $2T worth of student debt and the only people that seem to have benefited are the rich. The government is on the hook for those loans, it have been cheaper to simply provide state run non-profit universities. And let the rich go to private ivy league schools if they want to pay.