Posted on 02/07/2019 11:37:24 PM PST by blueplum
Too many students place attending a expensive elite private school as their top priority. If your intent is to teach elementary or high school students (one of many examples), then a degree from Havard is definitely not required, so why take on extra debt to make it happen. To many seek expensive degrees that afford few opportunities at employment in their chosen field. They struggle to repay any kind of loan. They essentially pursued a degree in unemployment. AVOID ANY DEGREE THAT CONTAINS THE WORD STUDIES.
It certainly never escaped my notice.
Student debt is quickly becoming a third-rail issue.
As much as we all loathe the idea of loan forgiveness, Trump and the GOP really need to do something about it.
Otherwise we are going to be swamped at the ballot box when the Dems float a plan in earnest.
How old are you?
70.
While I understand why this is being proposed, it really makes me uncomfortable. Automatic wage garnishment? What, are we a nation of babies now? Guess so, mommy gets your check and deducts your expenses first so you won’t blow it all on hookers and booze. It’s really irritating, the stupidity is leading to indentured servitude and we’ll all suffer from the precedent in the future, if this is enacted.
I am fine with this. There are too many deadbeats not paying back their student loans.
Did you know that the Social Security Administration is deducting student loan debt payments from deadbeat retirees’ checks? It’s true.
There are thousands of deadbeat baby boomers who took on federal student loans 40 to 45 years ago and they never paid the loans back. I think it’s GREAT that the SSA is confiscating portions of their SS checks.
I do know men who are divorced and that’s why I compared this to indentured servitude. I don’t view this as a good thing, giving government that authority. It will spread and it will be abused.
we’ve already forgiven loans from the skill colleges (ITT Tech, etc) so they won’t have much of a plank to stand on.
People sitting around with unpaid bachelors and masters for 40 years are going to have a hard time claiming that their degrees were useless during their careers, when a prerequisite bachelors automatically qualifies a person for management slots and gives them a bounce in candidate selection for non-management positions (which is how our employment system is set up). I’d like to see a politician keep a straight face when championing them.
Has your son checked out these two programs?:
I like the idea. One wants to use government related loans, one can deal with the government extracting the payments from ones paycheck.
Defaulting on a student loan, especially when one is gainfully employed, should NEVER be an option.
Bailing out banks is always wrong
making a class of debt non-dischargeable in bankruptcy is just a bank bailout by another name
these debts should be adjudicated by the standards of any other debt and should not have any special rules to shift the risk from banks to taxpayers
I don’t know, this is a FED Student loan from when he was 18, he is 48 now. It was for 1 Semester, and the ITT school says he never attended, provided no grades. Total scam on ITT’s part.
I think Universities and Colleges should be the ones making loans to students. THEY can take the chance the money spent is worth the risk.
In short, are they providing an education that will guarantee a payback or are they not?
On the “double plus good” side, massive defaults on loans as they go tits up for providing such a piss poor product.
Damn Lamar........ you did something worthwhile
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