Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#76
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There appears to be no listening or entertaining anything new at all, as if the world has just stood still for so many years. At the risk of being deleted, I am not going to post a link but suggest folks read about A. Wayne Johnson, who recently resigned as the overseer of student loans and his viewpoint on student loans. Read his new proposal just publicly stated a few weeks ago. So quick to label folks who are trying to solve problems. If it a'int my idea it sucks. right ? |
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#77
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If it a'int my idea it sucks. right ?[/QUOTE]
With some people, no matter how reasonable and fair it is, they would oppose it. What is that called?? Contrarian.
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It is better to laugh than to cry. |
#78
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With some people, no matter how reasonable and fair it is, they would oppose it. What is that called??
Contrarian.[/QUOTE] When you do it with no reason given or supplied...and just call the "idea maker" names, it is ignorance This thread has about 90% posts haring personal stories, with no recognition of facts supplied...defaultshave been going down steadily, the change in income that is available. As usual, it is, we are older...we did it correctly, nothing's changed, why can't you others do it how e did it. The implication in most posts is that they are the last of honest people, and if you read any news at all, you know that is not true. |
#79
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This thread has about 90% posts haring personal stories, with no recognition of facts supplied...defaultshave been going down steadily, the change in income that is available. As usual, it is, we are older...we did it correctly, nothing's changed, why can't you others do it how e did it. The implication in most posts is that they are the last of honest people, and if you read any news at all, you know that is not true.[/QUOTE] That is one observation!! Not the intent in raising the subject. However it is understandable when one needs to reinforce their view. What is being over looked is the focus is on those who would default on their loans facilitated by an environment that is sympathetic to reasons why it cannot be done. Citing experiences, yesteryear as well as current was/is intended to raise the issue of making it happen. To each his own views or opinions without oblique minimization. |
#80
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11% of student loans are +90 days delinquent. 37% of people who took out student loans never finished college and earned a degree. People who get more advanced degrees tend to accumulate more debt, but they are also likely to make payments on their student loans on time. These people knew what they were doing. It was not greedy bankers.
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Identifying as Mr. Helpful |
#81
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I agree that enabling students to get a better education in order to enable them to get a better job and pay more taxes and contribute more to society is the way it SHOULD work, but for a huge number of students, it's not working out that way and the taxpayer will be left holding the bag. The student may have received poor advice or no advice in taking out loans, but ultimately the responsibility must be on the person who signed for the loans. No one forced them to take out these loans. |
#82
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#83
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Student loans are under the oversight of the government. Due to change in cost of living and value of jobs, more graduates are finding themselves unable to cover the costs of their loans. More people working - sure. More people working and able to pay their bills? No. More people working, unable to pay their bills, and don't qualify for government handouts? No, but that's coming. Soon there will be millions of people who graduated from college who can't pay their bills, who are working, and need government help to stay nourished, housed, clothed, kept warm/cool (depending on climate where they live), and safe. We're already seeing this now, and there are kids who can't afford to live in a dorm or an apartment so they're living out of their cars while attending college. This is our generation's legacy to the generations who will some day run our country.
I hope they do better than we did. |
#84
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If people can't be responsible enough to pay back their loans, then perhaps the student loan program should be stopped. The problem with that approach is that it punishes those who use the program wisely due to the actions of those who abuse the program. That would be like stopping the sale of all alcohol because a small percentage abuse it and end up hurting themselves, their family, and perhaps others too.
Once again, it's not the problem of the program, it's that some people don't use it wisely. There are ways of substantially reducing the amount of money a student needs to borrow. Spending the first 2 years in a local community college would help for many. Staying in-state would help for many others. Working and going to school part time would help many others. Going into the military for a few years might pay for ALL of it. The problem with choosing any of the above alternatives to help pay-as-you-go is that it often doesn't allow the student to party for 4+ years at the out of state school that is the coolest and do it all on borrowed money. The advantage to using one or more of the above alternatives is that you graduate with little or no debt. I would hate to see the student loan program eliminated because it has provided a means of getting a college education to many students who otherwise would not have been able to afford it, but if people don't stop abusing it or using it unwisely, it just might be curtailed. |
#85
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It is better to laugh than to cry. |
#86
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Now if a terrible accident, other tragedy, serious illness or the like takes one out then I feel the government should help them out. But if a young person wastes his/her time in college, partying too much, taking underwater basketweaving instead of serious coursework that will lead to good employment opportunities on borrowed money, they should be required to pay the loans back, not the taxpayers.
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine Last edited by manaboutown; 11-12-2019 at 04:24 PM. |
#87
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Black Sabbath Matters |
#88
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It's so easy to blame the ills of society on the current generation of graduates. Not so easy to do some actual fact-checking to learn what it takes to get a college-required career these days though, and how long it takes for that career to pay off enough for the student to start reducing their debt. Some people have done the actual fact-checking though. it's not a matter of "just need to" anything. There is not "just" or "simply" or "merely" here. It's a complicated mess created by a complicated system overseen by a complicated government. |
#89
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Originally Posted by Ben Franklin View Post
Since 2004, "National Flood Insurance Program has borrowed $39.4 billion from taxpayers. It has repaid just $2.82 billion of that principle. In a report last September, the Congressional Budget Office projected that, as currently structured, the program should be expected to lose $1.4 billion on an annual basis." Yes, everyone should pay off the loans they took out, but in this case, those who don't need flood insurance, will also have to help pay off the loan. Shouldn't those who have federal flood insurance be the ones responsible for paying off the loan? Socialism? Quote:
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#90
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Black Sabbath Matters |
Closed Thread |
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