Hilarious! Student loan forgiveness… NOT!

not even a runner wrote:

I went to a JUCO, followed by a state university. I worked my tail off in high school and JUCO to get a scholarship covering tuition, and worked multiple jobs on top of that to avoid taking out too many loans. The loans I did take out were paid off my first year after graduation at a low-paying job ($30,000 my first year). I lived frugally in college; I felt guilty buying food off the dollar menu at McDonalds. I wasn't out partying, taking trips, going to concerts. I would prefer to not pay for others' loans now.

So you wasted years of your youth and energy working your ass off and living frugally, when all you should have had to do is simply study. That's just sad.

Even more so you should be willing to pay a few dollars a year so somebody else doesn't have to go through what you had to.

It is horrifying how unempathetic republicans are. Just because they were abused and had crappy life, they want everyone else to go through same too...

Older poster here. Spent years and years paying off student loans because I was poor and that was how I got through college. I shoulda just defaulted.

I paid them because I agreed to. I figured I owed that to society for guaranteeing the loans that made my education possible. I was a rube. Totally played by "big loan."

My attitude is now "screw society." Off with the mask. Kiss my unvaxxed butt. Screw contracts. Just to hell with all of it. Smash and grab, baby.

It's the end of the world as we knew it. And I feel pissed.

runnER/DR wrote:

Make the working class pay off the loans of the white collar wealthy coastal elites. Dems have morphed into the party of the elites.

The right thing would be to stop printing blank checks to schools that continue to jack up tuition costs for higher than inflation.

I paid 40K a year for med school tuition 15 years ago...and that was expensive back then. My school charges 75K a year now. Because they can.

This. Universities charge a ridiculous amount these days. Couple this with Obama's education policy that thinks every HS student should be in college prep classes, and this is where we end up.

This is where I see it headed, not the forgiveness route.

whatever, but it sucks wrote:

My attitude is now "screw society." Off with the mask. Kiss my unvaxxed butt. Screw contracts. Just to hell with all of it. Smash and grab, baby.

It's the end of the world as we knew it. And I feel pissed.

Master of Lolly wrote:

It is horrifying how unempathetic republicans are. Just because they were abused and had crappy life, they want everyone else to go through same too...

Master of LolIy wrote:

whatever, but it sucks wrote:

My attitude is now "screw society." Off with the mask. Kiss my unvaxxed butt. Screw contracts. Just to hell with all of it. Smash and grab, baby.

It's the end of the world as we knew it. And I feel pissed.

Master of Lolly wrote:

It is horrifying how unempathetic republicans are. Just because they were abused and had crappy life, they want everyone else to go through same too...

Incorrect. I don't give a crap about what anyone else goes through. It's my turn. Screw y'all.

It should be horrifying to most people how absurd it is that the government backs loans for degrees that are effectively useless. What a cruel thing to do to some starry eyed high school grad. Giving them hope by paying for their useless degree only for them to realize later they are enslaved to their debt and their degree is worthless. Republicans have no issues with degrees that are worth something. I have an engineering degree from a top 3 program (public school, in-state, tuition was and still is covered by state scholarships if you maintained a B average). I know many people that had loans at my school and all of them paid them off within 5 years of leaving school because everyone had high starting salaries and big prospects to move up quickly. It isnt rocket science. Dont lend money to people for degrees that will not be able to pay them back in a reasonable amount of time. And it is definitely not the responsibility of the tax payers to bail out someone with a liberal arts or political science degree (or any degree for that matter).

There's nothing funny about student loans. They are exorbitant but it is the tax payer who will ultimately suffer because most loans will be written off. You can't get blood out of a stone.

Did I waste years of my youth? I certainly appreciate things more now that I have more expendable income.

"What I went though" was minor and fairly ubiquitous. I wasn't starving by any means. I had a place to live and the things I needed to be comfortable. I cooked my own food, went without cable and internet, shopped for clothes at thrift stores; it was fine. In fact, most other college students I knew were living similarly and everyone enjoyed themselves just fine. Living frugally isn't tantamount to living miserably. I have a relative who is in school at a $50,000 per year private university. He uses his loan money to take numerous expensive vacations every year, attend pricey concerts, live in luxury housing; he will undoubtedly have hundreds of thousands of dollars in loans to pay off, and he will undoubtedly complain about those loans once he has to pay up.

You're wrong about my being a republican and about my living a crappy life. My life is fine now, and it was fine when I was living frugally in college. Money has never been a necessary component to my happiness. I simply feel no obligation to fund others' lavish lifestyles. If you do, perhaps you should find a few college students to personally support rather than voting to force others to do so.

It isn’t a R or a D issue. The problem is one of personal responsibility. I despise this complete abdication of responsibility. The hand that burns teaches best. This government is printing money with no thought given to the impact on the future. Senseless.

Iron Bars wrote:

It isn’t a R or a D issue. The problem is one of personal responsibility. I despise this complete abdication of responsibility. The hand that burns teaches best. This government is printing money with no thought given to the impact on the future. Senseless.

In theory I do not disagree with you.

However, a government prints money to pay off current debt, not future spending debt. That debt was created largely by a 2017 1.7 TRILLION dollar tax cut for the richest 1% in the U.S. The middle class taxes were raised and are still going up over 8 years. This year (post 2020 election) will see a pretty big bump and many will blame that on the current president. That 1.7 trillion dollars could pay for every student loan, house the homeless, and much more. That is a staggering amount of money. Over 80% of the PPP loans have already been forgiven. Many were millionaires and large corporations from the first wave of loans. Why did government choose to absolve debt for the rich and turn their back on students, many of whom were conned by predatory loans when the students were 18 years old.

Yes, complete abdication of fiscal responsibility is tough to swallow, for the wealthy political donors as much as a student trying to get ahead in life.

Sorry to say it like this but your job search, interview and/or networking skills need improvement. You have friends that make 2x/3x your salary. Why not have them get you a position? If you're not satisfied with your salary you should be job hunting every single second of your free time. If you need to move to make that money, you do it. Or you settle and continue complaining on these boards about how unfair life is.

Secondly, you are only half correct in your degree analysis. Yes, an MBA is pretty much worthless unless you are trying to jump into mid level management and have the connections/education to do so OR you're an entry level manager trying to jump into mid level management. So that was a poor choice by you considering you're working entry level with an MBA. However, a business bachelor's is still leagues above a libarts degree. You'd probably be working in one of those "bachelor's degree required for no reason" call centers or maybe a retail manager making 40k.

Agreed, but boomers are partially to blame by selling this idea of "being independent", "moving out from your mom's basement and getting your own place". It's absolutely stupid the social pressure kids face from both their parents and peers to put themselves into a financially destitute position to pretend like they're independent. Kids should be living with their parents until they have enough money to put a down payment on a house. If you're a parent that wants to kick your kids out at 18, you shouldn't be having kids. If you're afraid of them being reliant on you forever, you didn't do a good job raising them and that's your responsibility.

Your post handle discredits whatever you are thinking. Enlighten yourself.

amk wrote:

runnER/DR wrote:

Make the working class pay off the loans of the white collar wealthy coastal elites. Dems have morphed into the party of the elites.

The right thing would be to stop printing blank checks to schools that continue to jack up tuition costs for higher than inflation.

I paid 40K a year for med school tuition 15 years ago...and that was expensive back then. My school charges 75K a year now. Because they can.

My son's tuition is just over $60,000 at U of M.

Yeah, I agree with those silly democrats, I think when his loans are due that they should just be forgiven. Not!

Your kid's an idiot for going out of state. Not my problem he decided to go to a school that will cost him $150K more than going in state would.

Since your kid goes to Michigan you should read this article that explains why tuition there is so costly(Hint: administrative bloat):

Lots of strawmen paying 60k to party and get worthless degrees in this thread.

College is the gatekeeper to many, many professions that used to be easily worth the cost (accountant, etc).

While wages stagnated due solely to greedy CEOs, college prices skyrocketed due solely to greedy undergrad administrators. More education became required (ex. Physical Therapy was incorrectly mentioned as an undergrad degree--it is a doctorate only now) due to greedy professional organizations.

Greed was the killer, here. Gov could say "25k tuition maximum for any accredited public higher education in the country. Make it happen or close down". But that kind of law doesn't benefit donor class so it doesn't happen.

Lots of strawmen paying 60k to party and get worthless degrees in this thread.

College is the gatekeeper to many, many professions that used to be easily worth the cost (accountant, etc).

While wages stagnated due solely to greedy CEOs, college prices skyrocketed due solely to greedy undergrad administrators. More education became required (ex. Physical Therapy was incorrectly mentioned as an undergrad degree--it is a doctorate only now) due to greedy professional organizations.

Greed was the killer, here. Gov could say "25k tuition maximum for any accredited public higher education in the country. Make it happen or close down". But that kind of law doesn't benefit donor class so it doesn't happen.

You are completely missing my point. A student who chooses to go to college should pay for it. It is the sole responsibility of the student to bear the monetary risks involved in pursuing an education with no future recompense. Why should society prop up an individual’s ill thought plan?

If you want to live in a fantasy world divorced of pragmatism, be my guest. Just don’t make me pay for it.

College is a NECESSARY step to most jobs and the colleges know that they have a rather inelastic demand. They use their niche as profession gatekeepers to financially drain people trying to qualify for jobs capable of giving them a dignified existence.

In the USA, at least, there is not an inexhaustible option to "do something else instead" that Libertarian birdbrains think there is. Jobs, college, etc.