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Old 06-10-2019, 01:57 PM   #127
Legacy
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I, too, am not too sympathetic for those who take out significant loans and want to default on them or have them forgiven. Some points:
- many people qualify to have their loans forgiven - those who entered "public service" jobs like teachers or the vets who are experiencing the Dept of Education dragging their feet. Get those cleared out.
- the federal gov getting out of the loan business, a large percentage of borrowers are eliminated since they are not considered good risk, and with less people seeking student loans rates would go down? When has that worked? Wouldn't private lenders cap the volume they would assume? Currently 93% of loans are federal.
- some people just would not qualify and should not. If they did not plan ahead, save for college, teach their children to save, maybe they need to work after high school or look at alternatives like community college
- students need good counseling at high school or elsewhere that they need to make good grades for scholarships on merit and to prepare them for the demands
- work ini the summer is important for saving and early 529 plans with telling the student a certain percentage of their paycheck goes into that
- many students grow up in households where the work they do goes toward family expenses
- around 50% of adults have less than $1000 in savings
- job security for some parents is more of an issue than when unions were strong and had benefits of health care and pensions
- it's the middle class that is hit the worst including people with businesses or those who have had minimal wage increases and see health insurance costs go up or had surprise medical bills or need to take care of or are financially responsible for an aging parent
- college and success in life for children and ownership is part of the American dream which is harder for current generations to attain than their parents
- one can find a lot of little scholarship monies in the communities or nationwide that will allot small amounts. That takes time but cobble together many of those with savings can help
- work during college
- parents should let their children know their financial limitations
- as an example both parents are teachers, the child grows up with a lot of admiration for teaching and what they have learned from them and their parents and wants to enter that profession. Where would we be without them?
- how many middle class families can afford not to have second incomes, have four to six children, and be able to retire after working fifty years?
- minors can take a year off to work before college or halfway through
- vets get federal assistance for education. Wrong? or just workable if the numbers are low or confined? More and more people do see an advantage to getting school paid for by entering the service
- keep the debt low for graduation if you have to take out loans - limit it to half of that $30,000 recent grads have averaged
- public grade and high schools for children may help parents save more but some cannot move to areas where the schools are better and have classmates who have those higher ambitions, goal-setting habits and studying habits

Last edited by Legacy; 06-11-2019 at 01:04 AM..
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Old 06-10-2019, 10:13 PM   #128
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Originally Posted by NorthDakota View Post
Jordan Peterson is a wonderful speaker. I dont always agree with him but there are some topics he's 100% spot on.
Tell me what you don't agree with. I'm curious.
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Old 06-10-2019, 10:16 PM   #129
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Originally Posted by Irishize View Post
There wouldn’t be talk of loan forgiveness if the state universities weren’t allowed to jack up tuition every year regardless of the economy. Tuition costs for state institutions is beyond ridiculous but no all we hear is that the debts should be forgiven instead of getting to the root of the problem....the greedy universities.
It Isn't the greed of the Universities as much as It's the will to take on student loans to pay for something you don't really understand. The student loan program is one of the problems.
How are student loans something we can't file bankruptcy on?
Really, think about why we are taking loans on Idea's that can't be forgiven.

This isn't a math, philosophy, history, science problem. Some Universities today are 1 part of the capitalists movement that smart individuals will create in order to fund movements and recreate the minds of our young. Then when It doesn't go their way, they'll create Chaos.
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Last edited by Circa; 06-11-2019 at 09:44 PM..
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Old 06-11-2019, 05:20 PM   #130
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Here’s an example of how not to deal with student loans:

https://www.usatoday.com/story/news/...na/1419169001/

SMH at the parents for encouraging their child to be a quitter and running away from his problems.
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Old 06-11-2019, 09:42 PM   #131
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Quote:
Originally Posted by NDBoiler View Post
Here’s an example of how not to deal with student loans:

https://www.usatoday.com/story/news/...na/1419169001/

SMH at the parents for encouraging their child to be a quitter and running away from his problems.
I'll be the A-hole to file this under "fake News". Why would a conglomerate like USA Today think they should publish such a story. Seems there is a bigger point or It's fake.
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Old 06-11-2019, 10:26 PM   #132
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Originally Posted by Circa View Post
Tell me what you don't agree with. I'm curious.
If I recall, and I could be wrong, he's pretty moderate on abortion.

Love his stuff on Identity Politics, higher ed funding, the mob mentality type of things.
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Old 06-12-2019, 09:23 AM   #133
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Quote:
Originally Posted by Legacy View Post
I, too, am not too sympathetic for those who take out significant loans and want to default on them or have them forgiven. Some points:
- many people qualify to have their loans forgiven - those who entered "public service" jobs like teachers or the vets who are experiencing the Dept of Education dragging their feet. Get those cleared out.
- the federal gov getting out of the loan business, a large percentage of borrowers are eliminated since they are not considered good risk, and with less people seeking student loans rates would go down? When has that worked? Wouldn't private lenders cap the volume they would assume? Currently 93% of loans are federal.
- some people just would not qualify and should not. If they did not plan ahead, save for college, teach their children to save, maybe they need to work after high school or look at alternatives like community college
- students need good counseling at high school or elsewhere that they need to make good grades for scholarships on merit and to prepare them for the demands
- work ini the summer is important for saving and early 529 plans with telling the student a certain percentage of their paycheck goes into that
- many students grow up in households where the work they do goes toward family expenses
- around 50% of adults have less than $1000 in savings
- job security for some parents is more of an issue than when unions were strong and had benefits of health care and pensions
- it's the middle class that is hit the worst including people with businesses or those who have had minimal wage increases and see health insurance costs go up or had surprise medical bills or need to take care of or are financially responsible for an aging parent
- college and success in life for children and ownership is part of the American dream which is harder for current generations to attain than their parents
- one can find a lot of little scholarship monies in the communities or nationwide that will allot small amounts. That takes time but cobble together many of those with savings can help
- work during college
- parents should let their children know their financial limitations
- as an example both parents are teachers, the child grows up with a lot of admiration for teaching and what they have learned from them and their parents and wants to enter that profession. Where would we be without them?
- how many middle class families can afford not to have second incomes, have four to six children, and be able to retire after working fifty years?
- minors can take a year off to work before college or halfway through
- vets get federal assistance for education. Wrong? or just workable if the numbers are low or confined? More and more people do see an advantage to getting school paid for by entering the service
- keep the debt low for graduation if you have to take out loans - limit it to half of that $30,000 recent grads have averaged
- public grade and high schools for children may help parents save more but some cannot move to areas where the schools are better and have classmates who have those higher ambitions, goal-setting habits and studying habits
This PSLF program is somewhat misleading as the number that qualify isn't that great. One of my sons is in the public sector, paid as required and was turned down.

As far as these scholarships that get "unused" every year. Many of these scholarships are very specific in who they are awarded to. For instance, the scholarship may have requirements that the student must have graduated from the same HS as the person who set up the scholarship and it may be for a specific degree.

If I had to do it all over again knowing what I currently know, I would probably go into the service so the government could pay for my education.
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Last edited by Irish#1; 06-12-2019 at 09:39 AM..
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