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I believe that the government needs to scale back it's role in the student loan industry. At the very least these loans need to be made dischargeable so that the lenders will have greater risk in their lending, therefore will be less likely to lend 100k for a liberal arts degree.
It sucks to be in that debt, but too many people think they are entitled to got to a four year university and just party it up. I work full time and take classes at community college, I don't take out any loans for my classes. I don't have the money to pay for 4 years of going to the university, when I can just take as many classes at the community college level and then transfer over to the university later on.
It sucks that so many people of my generation bought into the college degree scam, saying that any degree will get you a good job. I make more than most of my friends that went off to college, and a lot of them thought I made a mistake for going to trade school instead of college, a lot of them are starting to rethink that position though.
What an idiot. Of course, lending institutions may stop making student loans and allowing responsible people to attend college.
Her "expanding her understanding of the world" should not have to be paid for by others (tax payers). She could have "expanded her understanding of the world" for nothing by going to the public library.
These entitlement/leftist cooks think that they are an exalted type of being to whom the standard rules and laws of society should not apply. Suppose her employer decided that he wanted to stop paying her so he could "expand his understanding of the world" by taking trips to different parts of the world? I wonder if she would be equally understanding about his desires?
Status:
"Smartened up and walked away!"
(set 26 days ago)
11,780 posts, read 5,792,331 times
Reputation: 14201
Quote:
Originally Posted by No_Recess
Only certain people have to pay their debts under your system.
All you folks are arguing about in here is who is most worthy to steal and spend other people's money.
So if you and the rest of the inconsistent folks on this board continue to play god (subscribing to statism) I will continue to point out that me paying nearly $50K in taxes this year (that's preliminary...so let's hold our breath your goons don't take more) for anything is wrong.
Student loan bailouts
GM bailouts
City parades
Lights to keep the Library of Congress lit (I don't use that s*it)
Drones to decapitate a baby in Mogadishu
On and on.
But like I just said, this year I'm taking student loan bailouts off the list. I learned it from you and all the other socialists on the board. I can be god too. And as god, I'm declaring the student loan borrowers as my chosen ones to get my money stolen from me.
If you have so much money as it sounds like you do if paying $50,000 in taxes - more than even my gross income - than I suggest you start your own scholarship program and help reduce your taxes and help these kids out who prefer to study for stupid degrees.
I pd off my own school loans from the 70's - no parent help with costs. I pd a parent's loan for my 2 sons - and each of them pd off over $120,000 in 5 yrs. They stayed home and worked locally - they didn't come out with stupid degrees. I refuse to pay for someone else's stupidity but you can step up to the plate since you can obviously afford it.
"Not surprised at all so many have an entitled attitude with zero accountability these days."
I had friend of mine say she was mad at the credit card companies who constantly nagged her for her payment on the money she owed them with was long overdo. She blamed the credit card companies for the problem, not HER for maxing out each of the cards and then NOT making payment to pay them off. She also so she told her kids that socialism is BETTER then a democracy. VERY liberal.
This is the absolute dumbest thing to do. They will be financially ruined for life. But their attitude is no surprise. They are complaining because someone gave them a no questions asked NINJA loan to take whatever classes they want. Try going to any bank and asking for a loan with no income or collateral, and tell them you want the money to invest in a crappy business. They had a once in a lifetime opportunity to get money to start their life with a productive education and they squandered it.
If they are too STUPID to read and understand the terms of the loans they SIGNED for, what in the hell are they doing in college in the 1st place?
Thais is why so many "college graduates" can't get REAL jobs, like OAC could only get a job as a bartender. Not that being a bartender is bad, just not worth a college degree.
Look at the professors and administrators making massive salaries
Look at the lavish campuses
Look at the luxurious student housing
Look at the massive sports facilities
Keep your hands out of my pockets.
Agree. Students are living in virtual country clubs, with private on-campus apartments, a wide choice of upscale eating establishments, and a sports arena that looks like an Olympic Village. Why should taxpayers subsidize that, or worse, pay for it entirely with Sander's loan-wipeout bribe? We need to go back to what sufficed perfectly well for me: a dorm room with a shared bathroom down the hall, a cafeteria in the dining room, and a reasonably-equipped sports center. (And mine was a private school. My brother went to the state u, and he had cinderblock walls. I got drywall. Yay me!)
Another advantage to turning college life back into, well....college life is the appreciation that comes from graduating and affording an apartment (that you'll share with a roommate), building up your salary to the point you can go out to various restaurants, and then earning even more so you can join the nice tennis club. Think about it: college students are crying about how they can't afford to live once they get out of school, but what they mean is: they can't afford the lifestyle that they had subsidized in college.
If they are too STUPID to read and understand the terms of the loans they SIGNED for, what in the hell are they doing in college in the 1st place?
Thais is why so many "college graduates" can't get REAL jobs, like OAC could only get a job as a bartender. Not that being a bartender is bad, just not worth a college degree.
Same issue arose with the housing crisis, when rates adjusted upward and people couldn't afford a new rate. They said they didn't read the small print.
Liberals made excuses for them ("they didn't understand; contracts are complicated"), but you know what I did when I was in my mid-20s and bought my first little itsy bitsey teeny weeny condo? I knew enough to know that I didn't know enough, and went to a real estate attorney to review the contract for any "gotchas." The entire thing took less than an hour and cost me around $150. In today's dollars, that's probably $500. I say if you're about to take on a mortgage and a 30-year commitment, you can invest a few hundred dollars to have someone read the contract to you.
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