Obama announces more bailouts for student loam deadbeats

[ShootSpeeders]

You get a bailout if your debt payments exceed 10% of your income.!!! 10%?? That must be nearly all of these idiots.

Obama to Take Executive Steps on Student Loans - ABC News

8, 2014 (AP)
By JOSH LEDERMAN Associated Press
Associated Press
The White House says President Barack Obama is prepping new executive steps to help Americans struggling to pay off their student debt.

Obama plans to announce Monday that he's expanding an existing program that prevents borrowers from having to pay more than 10 percent of their monthly income in student loan payments. That program is only available to people who borrowed during certain years, but Obama intends to expand the timeframe for eligibility.

Obama also plans to announce that he's directing the government to renegotiate contracts with federal student loan servicers so encourage them to make it easier for borrowers to avoid defaulting on their loans.

 

[ShootSpeeders]

College is a silly luxury for most people. They just party around for 4 years and now obama wants to take money from you and give it to them. Do we bail out yacht-owners who can't make their payments?

 

[rdean]

loam?

 

[JFK_USA]

College is a silly luxury for most people. They just party around for 4 years and now obama wants to take money from you and give it to them. Do we bail out yacht-owners who can't make their payments?

Well it seems you have no concept of the situation facing millenials so I will explain it to you.

Back in the day, baby boomers were able to get jobs and be trained at that job to do other tasks. Today that is rarely the case.

Today, to get a number of jobs, you need a college degree. Many of those jobs really don't require 4 years of additional education like salesman or insurance agent yet to get those jobs, you need one. Even trade jobs need a certificates to get at a technical college. You use to be able to go to the union hall, work as an apprentice and learn a trade. Now, you have to go to these high priced technical school, spend 30K to learn a trade that might only pay $15/hour to start.

So companies are looking for bachelor's degree graduates to where now you need an associates or bachelors degree to have a chance at a good paying job and even that doesn't guarantee you anything. So these kids don't have any other options but to go to school.

Then you have colleges raising tuition because of decreasing state funding and the fact that they know these kids need a degree to get a job. So they can jack up the rate with no standard to hold them to. Not a shock that colleges came out against a DOE standard ranking that ranks employment of graduates and salaries.

I understand the value of an education. People should strive to be more educated and the quest for knowledge should always be the goal of universities but right now, businesses are taking advantage of colleges for a job training center that they don't pay for and that wasn't what colleges and universities were created for. It was for the free exchange of ideas and to challenge yourself intellectually.

So to summarize. Rising tuition, lower amounts for scholarship/state funding and no true alternatives for young people have lead to the out of control costs of college which leads to high student loan debt. And people spending all their money on their student loans aren't going to be good for the economy because that could be money spend at other businesses.

 

[rdean]

College is a silly luxury for most people. They just party around for 4 years and now obama wants to take money from you and give it to them. Do we bail out yacht-owners who can't make their payments?

Well it seems you have no concept of the situation facing millenials so I will explain it to you.

Back in the day, baby boomers were able to get jobs and be trained at that job to do other tasks. Today that is rarely the case.

Today, to get a number of jobs, you need a college degree. Many of those jobs really don't require 4 years of additional education like salesman or insurance agent yet to get those jobs, you need one. Even trade jobs need a certificates to get at a technical college. You use to be able to go to the union hall, work as an apprentice and learn a trade. Now, you have to go to these high priced technical school, spend 30K to learn a trade that might only pay $15/hour to start.

So companies are looking for bachelor's degree graduates to where now you need an associates or bachelors degree to have a chance at a good paying job and even that doesn't guarantee you anything. So these kids don't have any other options but to go to school.

Then you have colleges raising tuition because of decreasing state funding and the fact that they know these kids need a degree to get a job. So they can jack up the rate with no standard to hold them to. Not a shock that colleges came out against a DOE standard ranking that ranks employment of graduates and salaries.

I understand the value of an education. People should strive to be more educated and the quest for knowledge should always be the goal of universities but right now, businesses are taking advantage of colleges for a job training center that they don't pay for and that wasn't what colleges and universities were created for. It was for the free exchange of ideas and to challenge yourself intellectually.

So to summarize. Rising tuition, lower amounts for scholarship/state funding and no true alternatives for young people have lead to the out of control costs of college which leads to high student loan debt. And people spending all their money on their student loans aren't going to be good for the economy because that could be money spend at other businesses.

You can't explain education to right wingnuts. First, they think it's all about "indoctrination". They almost ran a homophobe nutjob for the presidency. They believe science is a faith. They say that "demand" doesn't lead to jobs, which explains why their single economic policy is such a failure. They have no idea this country only runs on the backs of the educated. And, they are the laughing stock of the world because they believe the world is only thousands of years old.

 

[rdean]

loam?

Anyone who mocks education should at least get the spelling right.

 

[jasonnfree]

College is a silly luxury for most people. They just party around for 4 years and now obama wants to take money from you and give it to them. Do we bail out yacht-owners who can't make their payments?

Well it seems you have no concept of the situation facing millenials so I will explain it to you.

Back in the day, baby boomers were able to get jobs and be trained at that job to do other tasks. Today that is rarely the case.

Today, to get a number of jobs, you need a college degree. Many of those jobs really don't require 4 years of additional education like salesman or insurance agent yet to get those jobs, you need one. Even trade jobs need a certificates to get at a technical college. You use to be able to go to the union hall, work as an apprentice and learn a trade. Now, you have to go to these high priced technical school, spend 30K to learn a trade that might only pay $15/hour to start.

So companies are looking for bachelor's degree graduates to where now you need an associates or bachelors degree to have a chance at a good paying job and even that doesn't guarantee you anything. So these kids don't have any other options but to go to school.

Then you have colleges raising tuition because of decreasing state funding and the fact that they know these kids need a degree to get a job. So they can jack up the rate with no standard to hold them to. Not a shock that colleges came out against a DOE standard ranking that ranks employment of graduates and salaries.

I understand the value of an education. People should strive to be more educated and the quest for knowledge should always be the goal of universities but right now, businesses are taking advantage of colleges for a job training center that they don't pay for and that wasn't what colleges and universities were created for. It was for the free exchange of ideas and to challenge yourself intellectually.

So to summarize. Rising tuition, lower amounts for scholarship/state funding and no true alternatives for young people have lead to the out of control costs of college which leads to high student loan debt. And people spending all their money on their student loans aren't going to be good for the economy because that could be money spend at other businesses.

And vocations, professions, or even entire industries can now shift to locations better suited for profit in this global economy, at a moments notice. Maybe a young person that went into debt to learn a profession will be a hamburger flipper if his profession can better be done in India or China for example.

 

[boedicca]

Translation: Loan Shark Government modifies loan program to keep Debt Serfs indebted for life.

 

[rdean]

College is a silly luxury for most people. They just party around for 4 years and now obama wants to take money from you and give it to them. Do we bail out yacht-owners who can't make their payments?

Well it seems you have no concept of the situation facing millenials so I will explain it to you.

Back in the day, baby boomers were able to get jobs and be trained at that job to do other tasks. Today that is rarely the case.

Today, to get a number of jobs, you need a college degree. Many of those jobs really don't require 4 years of additional education like salesman or insurance agent yet to get those jobs, you need one. Even trade jobs need a certificates to get at a technical college. You use to be able to go to the union hall, work as an apprentice and learn a trade. Now, you have to go to these high priced technical school, spend 30K to learn a trade that might only pay $15/hour to start.

So companies are looking for bachelor's degree graduates to where now you need an associates or bachelors degree to have a chance at a good paying job and even that doesn't guarantee you anything. So these kids don't have any other options but to go to school.

Then you have colleges raising tuition because of decreasing state funding and the fact that they know these kids need a degree to get a job. So they can jack up the rate with no standard to hold them to. Not a shock that colleges came out against a DOE standard ranking that ranks employment of graduates and salaries.

I understand the value of an education. People should strive to be more educated and the quest for knowledge should always be the goal of universities but right now, businesses are taking advantage of colleges for a job training center that they don't pay for and that wasn't what colleges and universities were created for. It was for the free exchange of ideas and to challenge yourself intellectually.

So to summarize. Rising tuition, lower amounts for scholarship/state funding and no true alternatives for young people have lead to the out of control costs of college which leads to high student loan debt. And people spending all their money on their student loans aren't going to be good for the economy because that could be money spend at other businesses.

And vocations, professions, or even entire industries can now shift to locations better suited for profit in this global economy, at a moments notice. Maybe a young person that went into debt to learn a profession will be a hamburger flipper if his profession can better be done in India or China for example.

So many of those from India or China come here for a reason. Business wants immigrants with degrees. Right wingers with no education are cheaper than a dime a dozen.

 

[rdean]

Translation: Loan Shark Government modifies loan program to keep Debt Serfs indebted for life.

The GOP doesn't even want people educated.

Look at the Texas GOP State Party Platform. Teaching critical thinking skills to children means they won't listen to their parents.

 

[blastoff]

Colleges and universities offer lots of degree programs that are utterly ridiculous, moronic students borrow scads of money to buy the worthless pieces of parchment, and then they wonder why there's no job opportunities in their 'areas of expertise.' The schools are as much to blame as the idiots who thought a degree in underwater basket weaving or whatever was the ticket to a rewarding career path.

But have no fear, nanny government is here.

 

[ogibillm]

Translation: Loan Shark Government modifies loan program to keep Debt Serfs indebted for life.

perhaps if the payments were limited to only 10% of income.

 

[September]

Honestly this is awesome. Some people out there really need this.

 

[Indeependent]

Colleges and universities offer lots of degree programs that are utterly ridiculous, moronic students borrow scads of money to buy the worthless pieces of parchment, and then they wonder why there's no job opportunities in their 'areas of expertise.' The schools are as much to blame as the idiots who thought a degree in underwater basket weaving or whatever was the ticket to a rewarding career path.

But have no fear, nanny government is here.

Yeah, yeah, same old Republican bullshit whilst you are happy to send our tax dollars overseas to maintain your stock portfolios.
There are thousands of students graduating with hard science degrees who have already been tossed aside in favor of the best and brightest from the nation that can't make it on it's own.

 

[Fang]

Translation: Loan Shark Government modifies loan program to keep Debt Serfs indebted for life.

The GOP doesn't even want people educated.

Look at the Texas GOP State Party Platform. Teaching critical thinking skills to children means they won't listen to their parents.

Gotta love it when you see complete bullshit like this. LOL

Where do people like you come from?

 

[Fang]

Instead of checking SAT scores and high school grades colleges should just ask students a few simple questions - Given the tuition fees, how much money do you have and how much do you realistically expect to make after graduation? Does the tuition far exceed your total expected worth? If students are far off I'm thinking they aren't good college material.

 

[September]

Instead of checking SAT scores and high school grades colleges should just ask students a few simple questions - Given the tuition fees, how much money do you have and how much do you realistically expect to make after graduation? Does the tuition far exceed your total expected worth? If students are far off I'm thinking they aren't good college material.

Not everybody has mommy and daddy there to pay their tuition fees. Many students aren't in the position to pay their way through college just after high school, even if they are employed. That's how student loan programs financially enslave some susceptible humans.

And you people question why some humans would sell drugs for a month or couple of months and acquire the money to pay an entire college tuition. Totally worth the risk if you ask me.

 

[JFK_USA]

College is a silly luxury for most people. They just party around for 4 years and now obama wants to take money from you and give it to them. Do we bail out yacht-owners who can't make their payments?

Well it seems you have no concept of the situation facing millenials so I will explain it to you.

Back in the day, baby boomers were able to get jobs and be trained at that job to do other tasks. Today that is rarely the case.

Today, to get a number of jobs, you need a college degree. Many of those jobs really don't require 4 years of additional education like salesman or insurance agent yet to get those jobs, you need one. Even trade jobs need a certificates to get at a technical college. You use to be able to go to the union hall, work as an apprentice and learn a trade. Now, you have to go to these high priced technical school, spend 30K to learn a trade that might only pay $15/hour to start.

So companies are looking for bachelor's degree graduates to where now you need an associates or bachelors degree to have a chance at a good paying job and even that doesn't guarantee you anything. So these kids don't have any other options but to go to school.

Then you have colleges raising tuition because of decreasing state funding and the fact that they know these kids need a degree to get a job. So they can jack up the rate with no standard to hold them to. Not a shock that colleges came out against a DOE standard ranking that ranks employment of graduates and salaries.

I understand the value of an education. People should strive to be more educated and the quest for knowledge should always be the goal of universities but right now, businesses are taking advantage of colleges for a job training center that they don't pay for and that wasn't what colleges and universities were created for. It was for the free exchange of ideas and to challenge yourself intellectually.

So to summarize. Rising tuition, lower amounts for scholarship/state funding and no true alternatives for young people have lead to the out of control costs of college which leads to high student loan debt. And people spending all their money on their student loans aren't going to be good for the economy because that could be money spend at other businesses.

And vocations, professions, or even entire industries can now shift to locations better suited for profit in this global economy, at a moments notice. Maybe a young person that went into debt to learn a profession will be a hamburger flipper if his profession can better be done in India or China for example.

I have to agree. Globalization is a threat to the American youth. They go to school, learn a specific trade, and go to work. Now 10 years later, your job moves to Spain or Russia. Now you can't find a job with your skill sets and now to get a job now, you have to go back to school. So more money owed because colleges don't offer scholarships to older people learning a new trade. So you already had student loan debt and now you have to acquire even more to learn a new skill that might get shipped overseas in another 10 years.

Business are taking advantage of this free training because it will be less cost on then and hopefully they can become productive and profitable in a short amount of time. Then when they use them up, they throw them out with nothing to go forward on.

To survive as a nation, we might have to rethink our ability for our citizens to learn a trade.

My mother in law worked for a telecommunications company for over 30 years. Everyone she had to hire required a bachelor's degree. Now, she quit her job but to get a similar job like she had, she would need to get a bachelors degree but she'll be 60 so she could cost more to the company than she might be worth. Even though she has 20+ experience as a manager. But that company trained her, they don't do that anymore.

Globalization is inevitable but we won't survive as a first world nation if we continue the march toward suffocating debt to learn a trade.

 

[SteadyMercury]

Obama announces more bailouts for student loam deadbeats

You don't even understand what a bailout is do you? They aren't forgiving the loans you monosynaptic tweeb, they are modifying the payment schedule.

 

[ShootSpeeders]

Well it seems you have no concept of the situation facing millenials so I will explain it to you.

Back in the day, baby boomers were able to get jobs and be trained at that job to do other tasks. Today that is rarely the case.

Today, to get a number of jobs, you need a college degree.

Sure - you need a degree to become an engineer or architect or doctor or something serious like that. But a degree in sociology or history doesn't qualify you for any job and the idiots that get degrees in that crap just wasted their money and i say hell with them.