Oh for (*&T$_)&*U sake! This is ridiculous...

[K Frame]

Having student loan debt is a mental hardship, but here's how you and deal with it...

https://www.cnbc.com/select/how-to-cope-with-stress-of-student-loans/

You have GOT to be shitting me.

[TechMan]

Having student loan debt is a mental hardship, but here's how you and deal with it...

https://www.cnbc.com/select/how-to-cope-with-stress-of-student-loans/

You have GOT to be shitting me.

Everybody has to be a victim...

[K Frame]

I have a mortgage, and that huge amount of debt is taking a toll on my mental stability.

I NEED MORTGAGE FORGIVENESS!

[Boomhauer]

They sure as *expletive deleted*ck weren’t stressed when they were signing up for and dropping classes to get the surplus money to party on or buying gaming computers and consoles and big TVs in the university bookstore using the loan money intended for books and supplies.

[MechAg94]

Screw the stress.  They signed up for it to make their college life easier.

I did hear one idea.  Instead of forgiving loans, just go to zero interest provided they pay in something.  The loans are owned by the FedGov anyway. 

[charby]

Screw the stress.  They signed up for it to make their college life easier.

I did hear one idea.  Instead of forgiving loans, just go to zero interest provided they pay in something.  The loans are owned by the FedGov anyway.

or a fixed interest for the life of the loan, assessed at the start of the loan. i.e. Your loans are $50k at 6.25%, so at first payment the total loan is $53,128 over x number of payments. 

[Perd Hapley]

Adulting is hard.

[cordex]

Adulting is hard.

Judging from how common cheating is, I'd say not.

[MechAg94]

or a fixed interest for the life of the loan, assessed at the start of the loan. i.e. Your loans are $50k at 6.25%, so at first payment the total loan is $53,128 over x number of payments.

That is fine.  I just see it as a way to tell people to pay their debt without interest rates continuing to accrue. 

Of course, it would also help if they stopped issuing new student loans. 

[charby]

That is fine.  I just see it as a way to tell people to pay their debt without interest rates continuing to accrue. 

Of course, it would also help if they stopped issuing new student loans.

I'm not opposed to student loans, but the feds could cap the amount available to be borrowed per school year with max amount loaned until the loan is made whole. Also since higher ed seems to be able to cap the number of students in many graduate professional degrees, like MD or PharmD, why not do the same for undergrad majors? Or have to pass 12 credits of classes per semester to get the loan payment to the university/college or the next semester.

[Kingcreek]

I hired an associate right out of college (she worked for me for 1 year). She went to Ireland for 2 week vacation on left over student loan money.
Secondary education lobbied politicians to increase student loan availability then turned around and raised tuition to capture it.

[WLJ]

Student loans are just another government tit to get people dependent on

[Boomhauer]

I hired an associate right out of college (she worked for me for 1 year). She went to Ireland for 2 week vacation on left over student loan money.
Secondary education lobbied politicians to increase student loan availability then turned around and raised tuition to capture it.

This is exactly what I’m talking about.

You’d go to class and the first two weeks the class would be full then the student loan and fiancial aid surplus checks would disburse. Soon as they had that money a third to half the class would disappear, dropping out.

And every one of them by the way went through the counseling and advising the duty of  payback and what would happen with interest and repayment

 

[Bogie]

How about the universities hold the paper, with no fed guarantees except for students with a B average or better, or for veterans who want to blow extra cash?

[charby]

How about the universities hold the paper, with no fed guarantees except for students with a B average or better, or for veterans who want to blow extra cash?

Then a B would be curved to 20%

[MechAg94]

How about the universities hold the paper, with no fed guarantees except for students with a B average or better, or for veterans who want to blow extra cash?

Then everyone would get a B suddenly. 

Better to just cut off the money and force Universities to figure it out themselves.

[MechAg94]

I'm not opposed to student loans, but the feds could cap the amount available to be borrowed per school year with max amount loaned until the loan is made whole. Also since higher ed seems to be able to cap the number of students in many graduate professional degrees, like MD or PharmD, why not do the same for undergrad majors? Or have to pass 12 credits of classes per semester to get the loan payment to the university/college or the next semester.

With free money up for grabs, far too many people will try to cash in.  No matter what rules or limits you put in place, someone will always look for the loophole and Universities will help to get their hands on the money.

A number of universities have enough of an endowment, they shouldn't even be charging students. 

[charby]

A number of universities have enough of an endowment, they shouldn't even be charging students.

That I can't disagree with.