$10K in student loans forgiven by Biden; Fine but its NOT ENOUGH

[dblack]

Because nothing should be done - people should pay their damn debts.

Well, it is worth noting that they were sold a bill of goods by the state, that they were lured into crippling debt by an ill-conceived government program. The least we can do is shut down the program.

 

[blackhawk]

Nothing is being forgiven the responsibility for paying it back is just being transferred to others. This is not loan forgiveness it’s loan transference.

 

[DigitalDrifter]

What a slap in the face to those LIKE ME who paid their own way through college.

 

[gipper]

I'm poor? What gives you that idea?

Wild guess. Guessing you live in your parents basement and have no friends. Likely a virgin too who consumes way too much porn.

 

[dblack]

Nothing is being forgiven the responsibility for paying it back is just being transferred to others. This is not loan forgiveness it’s Liam transference.

Of course. The banks are sure as hell going to get their money.

 

[Ray From Cleveland]

Well, it is worth noting that they were sold a bill of goods by the state, that they were lured into crippling debt by an ill-conceived government program. The least we can do is shut down the program.

We knew this was going to happen when government took over school loans. When Republicans get in, they should return those loans back to the bank. Banks won't bail out lenders.

 

[DigitalDrifter]

The NAACP is so used to getting government handouts, they are disgusted that this isn't enough. Fucking freeloaders!

NAACP slams Biden over reported student loan debt cancel plan​

NAACP slams Biden over reported student loan debt cancel plan

 

[Ralph Norton]

Well, it is worth noting that they were sold a bill of goods by the state, that they were lured into crippling debt by an ill-conceived government program. The least we can do is shut down the program.

What "bill of goods"?
How were they "lured into crippling debt"?
If they can't understand what taking out a loan(s) entails then maybe they aren't college material in the 1st place.

 

[marvin martian]

Im not gonna try to act ungrateful or anything. $10,000 isnt chump change. But it is FAR from enough. If he’s planning a series of $10K forgiveness events, say another 5-6 over the next 2 years, fine, thats real progress.

Now that we see Biden CAN and WILL forgive loans, we must keep up the pressure until its all forgiven. America needs an educated workforce. We make all workplaces smarter, more effective and just to put it bluntly, we add more modern era social views to the building that otherwise may get overlooked.

Thank you President Biden for this “down payment”. Now its time to talk bigger, much bigger.

Making plumbers and electricians pay off the debts of lawyers and tech workers is a travesty.

 

[Lesh]

The "bad decisions" are those who chose to go after nearly useless degrees, and now cannot pay their own bills.

66% of US college grads regret their education, study finds​

66% of US college grads regret their education, study finds

Nearly two thirds of US college graduates have serious regrets about their education, with many resentful of taking on huge student loan burdens or pursuing worthless humanities degrees, a recent survey has found.

www.rt.com

Russia Today?

Great source

 

[Lesh]

What a slap in the face to those LIKE ME who paid their own way through college.

Very few people paid cash for a college education

 

[Godboy]

No im not special, but that’s the point: there are so many millions of us unfairly paying these debts. Its time they are deleted.

Just college debt? What about my car payment?

 

[Toddsterpatriot]

Russia Today?

Great source

A college education is still considered a pathway to higher lifetime earnings and gainful employment for Americans. Nevertheless, two-thirds of employees report having regrets when it comes to their advanced degrees, according to a PayScale survey of 248,000 respondents this past spring that was released Tuesday.

Two-thirds of American employees regret their college degrees

Science, tech, engineering or math majors were least likely to report regrets, while those in the humanities were most likely

www.cbsnews.com

 

[DigitalDrifter]

Russia Today?

Great source

Ok, how about this one then:



MONEYWATCH

Two-thirds of American employees regret their college degrees​

Two-thirds of American employees regret their college degrees

Science, tech, engineering or math majors were least likely to report regrets, while those in the humanities were most likely

www.cbsnews.com

 

[dblack]

What "bill of goods"?
How were they "lured into crippling debt"?
If they can't understand what taking out a loan(s) entails then maybe they aren't college material in the 1st place.

Right. And if banks weren't guaranteed repayment, they'd never lend to these people.

I'm not arguing for forgiveness - I'm saying the program does more harm than good and should be shut down. It's just a feeding trough for banks and academia.

 

[Lesh]

A college education is still considered a pathway to higher lifetime earnings and gainful employment for Americans. Nevertheless, two-thirds of employees report having regrets when it comes to their advanced degrees, according to a PayScale survey of 248,000 respondents this past spring that was released Tuesday.

Two-thirds of American employees regret their college degrees

Science, tech, engineering or math majors were least likely to report regrets, while those in the humanities were most likely

www.cbsnews.com

Only 12% were dissatisfied with their educational choice.

Among those dissatisfied were those in business and math

Hmmm

Guess which was the second least unhappy?

Teachers

 

[Lesh]

Right. And if banks weren't guaranteed repayment, they'd never lend to these people.

I'm not arguing for forgiveness - I'm saying the program does more harm than good and should be shut down. It's just a feeding trough for banks and academia.

Oh they’d still lend. There’s too much money to be made there. And they lend at market rates GUARANTEED.

What a deal that is huh?

 

[Ray From Cleveland]

What "bill of goods"?
How were they "lured into crippling debt"?
If they can't understand what taking out a loan(s) entails then maybe they aren't college material in the 1st place.

And that's the problem. They are too young and inexperienced to understand what they are actually doing.

My nephews ex went to college for advertising. I asked her what in the world made her take advertising of all things? She said she really didn't know what she wanted to go for, and the college talked her into it to fill the classroom.

 

[Ralph Norton]

Right. And if banks weren't guaranteed repayment, they'd never lend to these people.

I'm not arguing for forgiveness - I'm saying the program does more harm than good and should be shut down. It's just a feeding trough for banks and academia.

So no one will get loans to go to college?
What is your alternative?

 

[dblack]

Oh they’d still lend. There’s too much money to be made there.

Think so? You think a bank would issue an unsecured loan for 40k to an average high school student who wants to get a degree in traditional South American folk art?