On That Student Loan Forgiveness

[dogmush]

https://x.com/Bubblebathgirl/status/1914683754821439983

https://x.com/ThomasSowell/status/1914685623438389614

https://x.com/Bubblebathgirl/status/1914648116306882729

https://x.com/Bubblebathgirl/status/1914688409852928041

https://x.com/Bubblebathgirl/status/1914723048692785399

[Northwoods]

I'm ideologically opposed to this, but the Stupid Party missed a golden opportunity. They could have made student loans very low or zero interest while forcing repayment. That would have been popular with people wanting relief, and with people wanting loans repaid.  If they coupled it with the feds permanently exiting the student loan business even those opposed to the interest reduction would probably become supportive.

Then make student loans not only not provoded by the feds but not guaranteed by the feds, and also bankruptable, and you'd have fiscal sanity return to college campuses overnight.

[Angel Eyes]

I'm fairly certain this has been posted before, but it bears repeating:

[Hawkmoon]

https://x.com/Bubblebathgirl/status/1914683754821439983

Can't pay back its student loans, but can afford wall-to-wall tattoos.

https://x.com/ThomasSowell/status/1914685623438389614

https://x.com/Bubblebathgirl/status/1914648116306882729

My federal taxes are higher because this dweeb and millions of others don't understand the concept of "loan." I feel no sympathy.

https://x.com/Bubblebathgirl/status/1914688409852928041

https://x.com/Bubblebathgirl/status/1914723048692785399

Student loan repayments were "temporarily" put on hold because of the COVID-19 pandemic. The pandemic was officially declared ended as of May of 2023 -- so almost exactly two YEARS ago. Yet these cry-babies haven't started making their payments again, and now they're whining because the government wants them to live up to their end of a contract they entered into voluntarily.

[Ben]

It's always the people with the nose rings. I love the, "It was different when older people took loans out! They don't understand!"

Sure, I didn't take a loan out for college. I took a job in the oil patch to save up the money for it, then took a job at the county dump so I could do my first two college years at night. Then I quit work to concentrate on the last two years, finishing undergrad at 32 instead of 22. Then TA'd to cover my grad school tuition.

Also, my first home mortgage was 16%, so these idiots can shut up.

[WLJ]

Can't pay back its student loans, but can afford wall-to-wall tattoos.

I've actually told people covered in tattoos at stoplights holding signs "need money for food" that.

[K Frame]

It's always the people with the nose rings. I love the, "It was different when older people took loans out! They don't understand!"

Sure, I didn't take a loan out for college. I took a job in the oil patch to save up the money for it, then took a job at the county dump so I could do my first two college years at night. Then I quit work to concentrate on the last two years, finishing undergrad at 32 instead of 22. Then TA'd to cover my grad school tuition.

Also, my first home mortgage was 16%, so these idiots can shut up.

OK, BOOMER...

[dogmush]

This is a good one:

https://x.com/Bubblebathgirl/status/1914837890581807345

It's not his fault, his mom forced him to get a loan.  The recipients of the degrees shouldn't have to pay back the loans, they should steal money from the Boomers to pay it back.

Every day I am more in favor of restricting voting.

[Bogie]

Every day I am more in favor of restricting voting breathing.

[Ben]

This is a good one:

https://x.com/Bubblebathgirl/status/1914837890581807345

It's not his fault, his mom forced him to get a loan.  The recipients of the degrees shouldn't have to pay back the loans, they should steal money from the Boomers to pay it back.

Every day I am more in favor of restricting voting.

Oh gee - another nose ring. How unexpected. On a guy so it's actually 3X worse.

These idiots all somehow believe that if there is a "student" in front of it, it's not actually a loan, but a scholarship that they earned.

[Kingcreek]

I worked all through 6 years of college and paid my student loans off early. I have no sympathy for this crop of freeloaders.
But in all fairness…
Colleges and universities lobbied congress to raise student loans off limits. More than once- like repeatedly.
Then they raised tuition to capture those dollars. So IMO, they share the blame.

[Bogie]

Did anyone notice the rich kids who have been screaming the most... The kids who went to the "good" schools, and got the expensive degrees...?

[Hawkmoon]

This is a good one:

https://x.com/Bubblebathgirl/status/1914837890581807345

It's not his fault, his mom forced him to get a loan.  The recipients of the degrees shouldn't have to pay back the loans, they should steal money from the Boomers to pay it back.

Every day I am more in favor of restricting voting.

It's not every day I see a video featuring someone I would really love to punch right in the face.

This was one of those days. That whining man-child is perhaps the most irritating little cry-baby I've seen or heard in at least ten years.

[WLJ]

Sad: This Guy Spent $500k On Ivy League Education And All He Knows How To Do Is Chant ‘Free Palestine’
https://babylonbee.com/news/sad-this-guy-spent-500k-on-ivy-league-education-and-all-he-knows-how-to-do-is-chant-free-palestine

[dogmush]

This lady is just going to flee the country to avoid her loans.

https://x.com/Bubblebathgirl/status/1916675301733527879

Of all the options available to her....that is one, I guess.

As a taxpayer, if we could guarantee she doesn't return AND doesn't pull any benefits and/or entitlements while overseas, I'd probably consider that money well spent.

[Northwoods]

This lady is just going to flee the country to avoid her loans.

https://x.com/Bubblebathgirl/status/1916675301733527879

Of all the options available to her....that is one, I guess.

As a taxpayer, if we could guarantee she doesn't return AND doesn't pull any benefits and/or entitlements while overseas, I'd probably consider that money well spent.

German friend of mine got his BS and MS here, using student loans to pay for most of it.  Paid as agreed for quite a while.  Eventually gave up his green card and moved back to Germany. Continued to pay until he nearly died from viral encephalitis. Couldn't work for years.  Tried for a long time to get back to work in his field (aviation safety).  Eventually got a job teaching in Vietnam, now in China. 

Had he stayed in the USA, he'd probably have gotten the loans discharged under disability provisions. 

Now, they're in default, but he's beyond the reach of any garnishments.

[Hawkmoon]

This lady is just going to flee the country to avoid her loans.

https://x.com/Bubblebathgirl/status/1916675301733527879

Of all the options available to her....that is one, I guess.

As a taxpayer, if we could guarantee she doesn't return AND doesn't pull any benefits and/or entitlements while overseas, I'd probably consider that money well spent.

Perhaps the most frightening and depressing part of that is that this person apparently was allowed to graduate from a college or university with a degree. She can barely speak [a dialect of] English.

[MechAg94]

I worked all through 6 years of college and paid my student loans off early. I have no sympathy for this crop of freeloaders.
But in all fairness…
Colleges and universities lobbied congress to raise student loans off limits. More than once- like repeatedly.
Then they raised tuition to capture those dollars. So IMO, they share the blame.

My parents helped me out, but I did two years at junior college with a scholarship and did paid intern/coop jobs.  However, in the mid-90's when I graduated, the university was steadily ramping up tuitions and fees along with all the other schools.  In addition, my apartment rent was $400 a month as well in 1995. 

[MechAg94]

About the only relief I might be in favor of is suspending interest charges to those loans.  Maybe come up with some deal that if they pay 0.5% per year the interest is zero.  I am interested in a conversation about removing past interest charges, but I am not sure about that. 

Or just kill the interest entirely.  I am sort of thinking that FedGov shouldn't be charging interest to anyone for any reason, including the IRS. 

[Brad Johnson]

Or just kill the interest entirely.  I am sort of thinking that FedGov shouldn't be charging interest to anyone for any reason, including the IRS. 

I'll amend that to no interest if payments remain current. Get behind on payments and interest begins to accrue at some modest percent with rate increases the more in arrears you become. Pay on time and you get a no-interest loan to further your education or get certified for a trade. Get behind and you have a chance to get current without getting dinged too bad. Get behinder and it will start to sting (as it should).

Brad

[dogmush]

I would like to see a change to the loan guarantees more than the interest setup.  Maybe the feds and the institution go half and half.  If the institution churns out people who get jobs and pay back their loans, cool. More money made.  If they turn out a bunch of folks that can't (or don't) pay back loans, they end up eating that tuition.  Something like that would keep student loans for useful (to the economy) degrees pretty easy to get, while incentivizing at least some level of judgment on the student's likelihood of payment.  Since the Feds are still picking up some costs, the Universities can decide what level of Arts, academic and/or navel gazing degrees they'd like to subsidize (a category my friends with degrees assure me is vital to maintaining "The Science") while limiting how many retarded socialist basket weaving degrees the taxpayers are required to pay for.

[Bogie]

Give them what they want...
 
"Okay Rebekej... Did I pronounce that correctly? Thank you for being here today for your County Board of Education session. You say you wish to major in Societal Dance, but we've already filled that quota. Looking at your grades, attendance, and test scores, we can offer you an associates degree in Recycling Management, or an apprenticeship in Fertilizer Maintenance. You have until this time tomorrow to make your choice, or the Board will make it for you."