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I think it is a great idea. Too many kids are borrowing too much money and taking their time to get their degree. I got through in 4 years but took 16 to 18 hours a semester to do so. My neighbors kid took 6 years to get an undergraduate degree
I know several people that owe tons in student loans but they take a class every so often to 'defer' their loan payments. It's wrong and it needs to stop.
Two of my daughters friends owe many tens of thousands of dollars for (get this) a degree in music.
Not everyone is the same. I took 6 years to finish and had 50k in loans. That's all paid off now and I have a great job. No regrets.
Loans should be available for those who need them.
I know several people that owe tons in student loans but they take a class every so often to 'defer' their loan payments. It's wrong and it needs to stop.
I know people who use student loans to consolidate their credit card debt. There's all kinds of tricks and games people play with student loans.
Why is it the students are blamed and not the banks who saw this as a way to lend money the government would lean on people to pay back and garnish wages to get for them?
Why not blame it on colleges for charging ridiculous prices for tuition when our society damned near requires a degree for something, even if it's being an auto mechanic?
Why are college students, most of whom began borrowing when they were barely legal adults, the ones who get badmouthed?
Our country sucks sometimes. It really does.
I agree, the anger needs to be directed at the banks and loan places.
Why is it the students are blamed and not the banks who saw this as a way to lend money the government would lean on people to pay back and garnish wages to get for them?
Why not blame it on colleges for charging ridiculous prices for tuition when our society damned near requires a degree for something, even if it's being an auto mechanic?
Why are college students, most of whom began borrowing when they were barely legal adults, the ones who get badmouthed?
Our country sucks sometimes. It really does.
Because it isn't an either or scenario. Yes the colleges that design courses that can't produce the credits required to graduate are guilty. They then require the student to take electives to make up for the short fall of credits. Not unlike a car dealership selling you a car that doesn't come with wheels or tires. In order to drive it home you have to buy wheels and tires from the dealership...
Why bad mouth the students. Pretty sure most of us heard the saying buyer beware be fore we graduated from High School. Those college students who began borrowing as young adults are matched my barely legal adults putting their lives on the line doing jobs that are beyond dangerous in our Military. No sympathy from me for them. They wanted to wear the adult pants, they get what comes with it. Those kids should be screaming at their parents for not preparing them.
Our country does suck sometimes. It sucks that we allowed our Universities to become snake oil scammers. It also sucks that we produce kids that seem to have no concept that if you take a loan then you will be expected to pay it back.
The student loan program should be trashed in its entirety and then tuition prices would come down.
It favors the financial sector because there is 0 risk to the loaners since the students cannot declare bankruptcy.
If the student defaults, the banks sell the loan and get their money either way, and the new holder of the loan adds on a high interest rate to make bank.
The students are not the main beneficiaries of these loans.
I work in higher education and the amount of students "hanging out" getting multiple useless degrees is stunning. A lot of them will openly state they have no intention on paying their loans back......
College administrators are shaking in their shorts hearing this potential "cap" news though. The fountain of guaranteed free money might be finally drying up......
Interesting info. Graduate or undergraduate?
Quote:
Originally Posted by saltine
Just another reason “student loan bailout/forgiveness” is a NO
Agreed much.
Quote:
Originally Posted by RedZin
For every story like this one, there are dozens of stories about people who used that money for school and for expenses related to school because they could not afford to attend college WITHOUT loans.
This is especially true for young, single mothers... largely out there trying to better themselves so they can get good jobs and take care of their kids.
Damned if they do and damned if they don't, but don't let them try to get an abortion because they're damned then, too.
People basically suck.
I dont know what the trump limit would be but I would set it high enough for say 80th percentile IN STATE tuition for a BS degree.
Yep you may have to go to work before you get that masters.
Why is it the students are blamed and not the banks who saw this as a way to lend money the government would lean on people to pay back and garnish wages to get for them?
Why not blame it on colleges for charging ridiculous prices for tuition when our society damned near requires a degree for something, even if it's being an auto mechanic?
Why are college students, most of whom began borrowing when they were barely legal adults, the ones who get badmouthed?
Our country sucks sometimes. It really does.
Why not blame them all?
If you're smart enough to go to college, you should be smart enough to know that government involvement in the financing of tuition is what's driving the cost of tuition through the roof.
Is someone forcing kids at gunpoint to take out college loans?
Should you bear no responsibility at all when you borrow money?
That said, get government out of the student loan business and watch tuitions drop like a rock.
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