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How is federal financial aid a "handout"? These are loans with interest rates and default penalties. You can't claim bankruptcy on them and the government isn't going to give a student aid bailout like they give to banks and corporations. How is something considered a "handout" when you are obligated to repay it in full with interest attatched?
Location: Just transplanted to FL from the N GA mountains
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Quote:
Originally Posted by ditchlights
How is federal financial aid a "handout"? These are loans with interest rates and default penalties. You can't claim bankruptcy on them and the government isn't going to give a student aid bailout like they give to banks and corporations. How is something considered a "handout" when you are obligated to repay it in full with interest attatched?
You are talking about several different things. The federal government GUARANTEED the student loans. If someone doesn't pay back their loan to the bank.. who do you think is going to have to pay? The government. These loans are also done differently. Some the interest is deferred, some it is not. And the way the loans are made are predominately geared for the low-income group. Better rates, etc. Being a middle-class family, we were not eligible for any of the help, yet were not able either to pay the full cost of college without them. I don't consider loans themselves handouts, but if you don't pay them back, they will in fact become a handout.
Also some financial aid is in the way of grants - these are usually Pell Grants, made to low-income students that do not have to be repaid.
Do they accept government scholarships, financial aid, etc, or turn such offers down? Just wondering if they practice what they preach when it comes to "handouts and freeloading off the government?
Are there any Republicans out there that turned down such monies for either themselves, or their children?
I make a distinction between republicans and conservatives. The republican party was as instrumental in creating those programs and handouts as the Democratic party.
Now conservatives mostly opposed those handouts at the time they were being created.
Once many of those handouts were created, of course conservatives came to use them as well.
The difference is that conservatives then label those handouts that people like them use a good governance or not really a handout.
They whine against those handouts that they perceive to be going to those other people.
What animates conservatives is not big government programs. Conservatives love big government programs, no what conservatives hate are those government handouts that they perceive to be going to those other people.
You are talking about several different things. The federal government GUARANTEED the student loans. If someone doesn't pay back their loan to the bank.. who do you think is going to have to pay? The government. These loans are also done differently. Some the interest is deferred, some it is not. And the way the loans are made are predominately geared for the low-income group. Better rates, etc. Being a middle-class family, we were not eligible for any of the help, yet were not able either to pay the full cost of college without them. I don't consider loans themselves handouts, but if you don't pay them back, they will in fact become a handout.
Also some financial aid is in the way of grants - these are usually Pell Grants, made to low-income students that do not have to be repaid.
Sounds a lot like the mortgage issue from the last decade. Banks had to loan money to low-income earners, who then bought more house than they could afford. How'd that end up?
More and more college grads are finding it hard to get jobs after school - how are they going to pay back the loan?
Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,149,599 times
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Quote:
Originally Posted by Iamme73
what conservatives hate are those government handouts that they perceive to be going to those other people.
No what conservatives hate are people who ASSUME to know how I think or what I feel. Who ASSUME to know what is best for me, or anybody else for that matter, because to them, I don't count. I also hate snakes, but do I hate ALL reptiles? I hate broccoli but do I hate all vegetables? I don't hate all Democrats nor Liberal's, but because I'm fiscally conservative I'm not given the same consideration, right?
Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,149,599 times
Reputation: 2677
Quote:
Originally Posted by DRob4JC
Sounds a lot like the mortgage issue from the last decade. Banks had to loan money to low-income earners, who then bought more house than they could afford. How'd that end up?
More and more college grads are finding it hard to get jobs after school - how are they going to pay back the loan?
Exactly... the question is how is it going to end up? I'd guess that this ponzi scheme of student loans is going to come crashing down just like mortgage lending did. The bigger question... who's fault? The problem is everyone is at fault from the government to the students themselves.. and not a single one who's had their hand in it will shoulder any of the blame. Just like the mortgage crisis it will be blamed on the other guy....
You are talking about several different things. The federal government GUARANTEED the student loans. If someone doesn't pay back their loan to the bank.. who do you think is going to have to pay? The government. These loans are also done differently. Some the interest is deferred, some it is not. And the way the loans are made are predominately geared for the low-income group. Better rates, etc. Being a middle-class family, we were not eligible for any of the help, yet were not able either to pay the full cost of college without them. I don't consider loans themselves handouts, but if you don't pay them back, they will in fact become a handout.
Also some financial aid is in the way of grants - these are usually Pell Grants, made to low-income students that do not have to be repaid.
I guess in that sense you are correct. I don't know about other people, but when I take on an obligation I expect to fulfill my end of the deal. Can't speak for other people. I never looked at student aid loans as a handout, but I guess for the Occupy type crowd they could turn into handouts.
Do they accept government scholarships, financial aid, etc, or turn such offers down? Just wondering if they practice what they preach when it comes to "handouts and freeloading off the government?
Are there any Republicans out there that turned down such monies for either themselves, or their children?
A government scholarship is a reward for hard work and to help the student acheive thier potential. In turn they will be a productive tax paying citizen. Kinda like government programs with incentives to install more energy efficient heating, windows etc.
Additionally, you are strawmanning REASONABLE complaints by fiscal conservatives about the extent and abuse of some social programs to the extreme case of banning all social programs.
Try to be more honest next time around and we can have a real discussion about the issues....
I would rather have the government subsidize education than the birthing of bastards.
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