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I have heard Democrats give excuses for not voting for Bernie -- his age, he will never get elected, he can't beat Trump so I am voting for Hillary. This ultimately gave Trump the win. Had Sanders been allowed to run against Trump, yeah, Bernie would have won. I have heard some Republicans say they were left with Trump but would have voted for Bernie. And the Bernie supporters would not have stayed home.
Bernie would not have gotten as many votes as Hillary. You guys are kidding yourselves. His message does not resonate with people who have a stock portfolio, or any real knowledge of the economy. Plus, Bernie is a nice guy, but the dude never persuaded anyone to vote for his issues. I think Trump does have a shot at getting better trade deals, but not Bernie. Besides, he would have had even less of a turnout of black voters than Hillary.
Yeah, because the last eight years have been so wonderful for them. They have a huge debt load coming out of college, then they have to pay high premiums for insurance they're not likely to need, and compete with H1B visa workers for white collar jobs. It's not just the low skilled workers competing anymore.
Student loans have the same interest rate as the average credit card, and it's that interest rate that is the killer. That's what brings a 20K debt to 250K by the time it's paid off.
Maybe getting their loans at the same interest rate the banks get it. Or even at the same interest rate I can buy a house would work.
The government should not make such a handsome profit on student education loans.
You convince them that the opposition hates everything about their lifestyle. Basically spread hate and fear like Trump did.
Trump? That's what Hillary did with her "basket of deplorables" sneer. What did she think was going to happen when she called 1/2 the country's citizens deplorable? Lose the election?
Student loans have the same interest rate as the average credit card, and it's that interest rate that is the killer. That's what brings a 20K debt to 250K by the time it's paid off.
Maybe getting their loans at the same interest rate the banks get it. Or even at the same interest rate I can buy a house would work.
A non-collateral loan will never have as low of a rate as the banks get or as a mortgage. The rate is higher because the risk is higher.
Smart people don't take out huge college loans for that very reason. Start out the first two years at a good community college, then finish the Bachelor degree at a university. And choose your major wisely. There are a LOT of students buried under huge student loan debt, and the degree they earned isn't marketable in the work world.
Location: New Albany, Indiana (Greater Louisville)
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Democrats are like Miami Heat fans. Before Dwyane Wade - Lebron - Chris Bosh the arena was empty, when the team is filled with stars the arena is filled, when the stars leave and you're watching Hassan Whiteside dribble for 2 hours the arena is empty. Democrats didn't show up for Kerry or Hillary but Obama was the star they would show up for.
Republicans are like the Chicago Cubs fans who show up every game no matter what.
The government is not a for-profit bank. It doesn't even have to break even on the loan--the pay-off is an educated populace.
There are overhead costs involved in running the federal student aid/loans program. Anything the federal government runs is extremely expensive to administer, and that includes these programs.
Quote:
"By one estimate, the federal student loan program could turn a profit of $1.6 billion in 2016, according to the Congressional Budget Office.
That's not a huge profit when you consider that the program lends out about $100 billion a year. But the CBO also projects that it would keep making money each year over the next decade.
That's the official calculation that government budget analysts are required -- by law -- to use when estimating the cost of the federal loan program.
But the CBO itself says there is a better way to calculate the money coming in and out of the loan program, which accounts for the risk that more students will fall behind or default on their loans than originally thought. So while the official estimate goes in the federal budget, the agency publishes both projections.
By that measure, the loan program would result in a loss for Uncle Sam -- and not an insignificant amount. It shows the government would lose about $20.6 billion this year, and would continue to lose money over the next decade."
More realistic scenario using the CBO's better calculation method: 20.6% loss
And, please, having a college degree does not necessarily make one "educated." There are some very low quality colleges/universities, and unfortunately, African Americans are disproportionately attending those low-quality schools at higher numbers.
Location: New Albany, Indiana (Greater Louisville)
11,974 posts, read 25,529,686 times
Reputation: 12192
Quote:
Originally Posted by Ralph_Kirk
Student loans have the same interest rate as the average credit card, and it's that interest rate that is the killer. That's what brings a 20K debt to 250K by the time it's paid off.
Maybe getting their loans at the same interest rate the banks get it. Or even at the same interest rate I can buy a house would work.
The government should not make such a handsome profit on student education loans.
The problem is Supply and Demand of college degrees. In the 1980s few had any bachelor's degree and therefore college grads with even a basic degree could get a great job. Now around 40% of young people have a 2 or 4 year degree and employers can select only people with the most skilled driven degrees. I made the mistake of going $50k into debt for an 'unskilled degree' and have not been able to make more than $15 an hour with little upside for making more... ever. This hurts tax payers as well because every year I get a $2500 tax deduction for my student loan interest yet I am not a high skilled worker. Society pays a price when we pay for people to get worthless degrees.
The biggest thing that would help is making a high school degree worth something again so that only the top 75% of students can even get one. It is dumbed down to the point of being a 4 year attendance certificate (another participation trophy). If a HS diploma meant something that would prevent low level workers from needing a 2 year degree and more advanced from needing a 4 year degree, etc.
There are overhead costs involved in running the federal student aid/loans program. Anything the federal government runs is extremely expensive to administer, and that includes these programs.
And yet, the government has gives more in outright grants than all the public colleges in the US collect in tuition.
Quote:
And, please, having a college degree does not necessarily make one "educated." There are some very low quality colleges/universities, and unfortunately, African Americans are disproportionately attending those low-quality schools at higher numbers.
That's a different issue, one on which I agree with Mike Rowe.
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