I might sign up for some college classes

[dryheat]

Yeah, i'm getting up in years but maybe I could finally get that degree. Twenty/thirty thousand ought to do it. Either I croak before I graduate, or Biden forgives my loan.

$400 billion over the next years for loan forgiveness. 'you are and idiot, you should never have gone to college'. 'we forgive you'.

[Allen]

When you sign up tell them you're a registered democrat too. They will already know you are an idiot and will guarantee you of the loan/loans.

[blackhawknj]

It was the Democrats in the Carter Administration who made student loans non-dischargeable in bankruptcy while greatly liberalizing the bankruptcy laws and paving the way for Enron, Worldcom and these other scam companies. The settlement in Enron was eighteen cents on the dollar.

[Vern Humphrey]

It was the Democrats in the Carter Administration who made student loans non-dischargeable in bankruptcy while greatly liberalizing the bankruptcy laws and paving the way for Enron, Worldcom and these other scam companies. The settlement in Enron was eighteen cents on the dollar.

It was Barak Obama who decided lenders to General Motors were "speculators" and moved the labor unions to the head of the line.

[Mark in Ottawa]

People who obtain a university degree typically earn a lot more money in their lifetimes than people who don't earn a degree. If they need a student loan to achieve that objective, then that loan is effectively an investment in their future and as said, is typically a well paying investment. Given that, I can argue that it is improper to ask people who are not directly benefiting from that investment, to now pay for it.

[Allen]

People who obtain a university degree typically earn a lot more money in their lifetimes than people who don't earn a degree. If they need a student loan to achieve that objective, then that loan is effectively an investment in their future and as said, is typically a well paying investment. Given that, I can argue that it is improper to ask people who are not directly benefiting from that investment, to now pay for it.

+1

Student loans are also very low interest. Most have long term payoffs as well so monthly payments are much lower than conventional loans.

If the gov't feels they need need to interfere (for votes) then they should negotiate for longer terms not forgiveness.

In short, I don't see why anyone should not pay back their student loans. I did.

[blackhawknj]

As Calvin Coolidge put it, "They hired the money, didn't they ?"

[dryheat]

People who obtain a university degree typically earn a lot more money in their lifetimes than people who don't earn a degree. If they need a student loan to achieve that objective, then that loan is effectively an investment in their future and as said, is typically a well paying investment. Given that, I can argue that it is improper to ask people who are not directly benefiting from that investment, to now pay for it.

I suppose it's also an investment that benefits our country. Having educated people is important. But is it a bribe? Like rewarding a little kid for picking up his clothes.
It seems a little backwards to me. If you are really successful you make money and pay your bills. If it takes $400 billion to create educated kids maybe we should be more selective in who gets these loans. You gotta figure some of that money gets spend on tequila. Classes in flower arrangements should take a back seat. If it's just day care for some lost confused souls then just give them the money at the outset if it will keep them off the streets without pretending that they are getting smarter.
I'm sure it's a complex system. I don't know all that much about how it works, but I have a problem with institutionally embedded 'forgiveness' of loans. You borrow something you give it back. You borrow money, you pay it back. Seems kind of silly I know.

[blackhawknj]

Meanwhile we're paying teenage girls to have babies, I've seen disability described as the PC form of welfare.....

[dogtag]

College these days will do nothing except to lower your IQ

[Allen]

College these days will do nothing except to lower your IQ

Obammy says he has a degree from Harvard even though no one there remembers him and the school can't produce any transcripts. Also, you have to show a birth certificate when applying at a University. I remember having to do that and I attended a much smaller school.

College did not help me in the least and what we had to study from books does not prepare you for the actual job market in any way.

This piece of paper is what many employers still demand though, just like the old school of your car losing value when it turns 100K miles.

[dogtag]

Your car loses a whole heap of value the moment it leaves the showroom.

[Allen]

Your car loses a whole heap of value the moment it leaves the showroom.

Your bank account loses a whole heap of value the moment you're accepted at a college too.

[blackhawknj]

IIRC Obama graduated from Columbia after transferring from Occidental College-no one from his time at either remembers him.
The value of a law degree has plummeted, Valparaiso and Whittier College have closed their law schools, law school applications are down about 50% since 2005.
Years ago Albert Shanker observed that many students were getting their high school and in some cases junior high school education in college.

[Vern Humphrey]

IIRC Obama graduated from Columbia after transferring from Occidental College-no one from his time at either remembers him.
The value of a law degree has plummeted, Valparaiso and Whittier College have closed their law schools, law school applications are down about 50% since 2005.
Years ago Albert Shanker observed that many students were getting their high school and in some cases junior high school education in college.

A bachelor's degree nowadays is the equivalent of a high school diploma in the 1950s.