Did I miss something? Did these kids and their parents have a gun pointed at them that forced them to take out loans?
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I genuinely have zero compassion on this issues, at the very least until I hear some comments about personal responsibility and what the people who owe these loans plan to do to pay their........fair share.
Actually, all of them. Most of the “forgiveness” programs are for people that work in certain professions, such as nursing, and in areas that are under serviced. Student loans cannot be discharged in bankruptcy, and inability to pay does not qualify for simple forgiveness.How many of these non-payers actually tried to pay down their loans? .
But the students are mostly interested 1)in the sex available and 2) how hard it is to get an acceptable grade.If you revisit your alma mater I suspect you will find it with more creature comforts and tech. Places that were not air conditioned in your day now are. Computer labs and workstations will abound. The sports stadium will be new and improved. Buildings will have been renovated while entire new ones have sprung up. Security will be tighter. The grounds will be better maintained. The list can go on.
There is a program called PSLFP. Public Service Loan Forgiveness Program. One must make 120 qualifying monthly payments before applying. The person must be employed full time by a government organization, not for profit organization that is tax exempt, or serving in the Peace Corps.They may well already be on an income-based repayment plan, which caps their own payment at a easier-to-service level, with forgiveness of the majority of the loan balance a couple of decades down the line.
Did I miss something? Did these kids and their parents have a gun pointed at them that forced them to take out loans? Didn't they agree to pay back money LENT to them? If I - as a taxpayer - am now being asked to help fund their defaulting on loans, what recourse do I have? How many of these non-payers actually tried to pay down their loans? How many stayed in class and partied at least a little less knowing that they would need to get a job and pay back those loans eventually? How many partied, never graduated but still have loans and are now looking to me to bail them out?
I genuinely have zero compassion on this issues, at the very least until I hear some comments about personal responsibility and what the people who owe these loans plan to do to pay their........fair share.
Okay, call me a curmudgeon but I'm with him.
How is it cars "only" inflated 2.1% in price? How is that 2019 Honda Accord only 2.1% higher than the price of a new 1996 Honda Accord?
+1/ going in state to college is the way to go. Even if the family doesn't qualify for financial aid, if the student has the grit and determination the student can hustle and work part time during the school year, full time during the summer time as an example. It can be be done, I did it / instead of complaining about being in debt and hanging out with the lazy crowd. Another option is going ROTC, free ride but the Armed Forces own you for the next several years after graduation.I love how people like to compare the "base price" over the years and ignore everything else about it. The average "net price" (after taking into account public grants and scholarships, but not private scholarships) for a year of public college in the US was $13,400 in 2017 (data from the National Center for Education Studies). Now, don't get me wrong, that's quite a bit of money, and a 4-year degree going to an average public university would thus cost over $60k, but you can pay for that working part time at McDonald's people...
The average graduating student loan balance is a whopping $3x,xxx, not 6-figures. That also doesn't include those who graduate with no loans at all, so really it's quite a bit lower than that. Getting a degree that likely increases earning power by a significant percentage, with no student loan debt or, if you choose a more expensive school/don't get any assistance/don't choose to work to pay for it, end up with an average debt about the price of a nicely optioned mid-sized sedan doesn't seem that outrageous to me.
Of course, if the kid wants to go private or to an out of state school and thus voluntarily chooses to triple (or more) the costs of their education, I'm also not going to feel sorry for them since they made that choice and "tuition alone is 3-4 times as much" is a concept I think anyone intelligent enough to get into college should be smart enough to grasp.
I disagree. The price for tuition and fees at my local State U. is $14k (10 times what I paid in 1982). The starting wage at McDonald's in my city is $9.00 and they're hiring Do the math. It takes 777 hours of work (not counting for taxes) to pay for one semester. Even working full time, you don't make enough to pay for school, pay for books, pay rent, pay for food etc. I don't believe that most students can work 40 hours a week, 50 weeks a year and take 30 hours of classes and do well.I love how people like to compare the "base price" over the years and ignore everything else about it. The average "net price" (after taking into account public grants and scholarships, but not private scholarships) for a year of public college in the US was $13,400 in 2017 (data from the National Center for Education Studies). Now, don't get me wrong, that's quite a bit of money, and a 4-year degree going to an average public university would thus cost over $60k, but you can pay for that working part time at McDonald's people...
I love how people like to compare the "base price" over the years and ignore everything else about it. The average "net price" (after taking into account public grants and scholarships, but not private scholarships) for a year of public college in the US was $13,400 in 2017 (data from the National Center for Education Studies). Now, don't get me wrong, that's quite a bit of money, and a 4-year degree going to an average public university would thus cost over $60k, but you can pay for that working part time at McDonald's people...
The average graduating student loan balance is a whopping $3x,xxx, not 6-figures. That also doesn't include those who graduate with no loans at all, so really it's quite a bit lower than that. Getting a degree that likely increases earning power by a significant percentage, with no student loan debt or, if you choose a more expensive school/don't get any assistance/don't choose to work to pay for it, end up with an average debt about the price of a nicely optioned mid-sized sedan doesn't seem that outrageous to me.
I disagree. The price for tuition and fees at my local State U. is $14k (10 times what I paid in 1982).
I have no dog in this fight but the McDonald's comment aside, I was a bit surprised on the upside that a local, public college degree could be as low as $60K. Not peanuts of course, but not the crippling $150K debt that everyone seems to mention.
Another thing I noticed going to school as an adult was the course requirements seemed dramatically less stressful than it was when I was an undergrad straight out of HS. If you attended you pretty much passed. My undergrad experience was totally different. We would all anxiously wait for our grades to be posted just to see if we made it or not. I had several profs that only gave A's to a set number of people regardless.
One problem I noticed is that FAFSA (the student loan organization) will not give independent students their independence for financial aid purposes if they are under age 24. This has not always been the case, and was not when I was in school. Back in the day, if you weren't declared on your parents' taxes and filed a year of your own taxes, you were considered independent. I took a year off after HS and worked to take care of myself before going to school. Therefore, my low taxable income put me in a different bracket for financial aid when I did go to school. Evidently this is no longer true.
This policy effectively ties the student to their parents for financial aid to 25 years old, and forces the family to be 'responsible' for the education instead of the student. This makes college much more expensive for all students, even those who would choose to be independent and work to live and pay for their own school. They can only qualify for financial aid on the basis of their parents' income. This seems totally unfair and makes the student loan problem worse than it should otherwise be because the cost of college is the one thing that seems to vary with income (in a positive correlation).
It is a problem, and telling young folks "oh get a side job and man up" is not even close to a solution.
Did I miss something? Did these kids and their parents have a gun pointed at them that forced them to take out loans? Didn't they agree to pay back money LENT to them? If I - as a taxpayer - am now being asked to help fund their defaulting on loans, what recourse do I have? How many of these non-payers actually tried to pay down their loans? How many stayed in class and partied at least a little less knowing that they would need to get a job and pay back those loans eventually? How many partied, never graduated but still have loans and are now looking to me to bail them out?
I genuinely have zero compassion on this issue, at the very least until I hear some comments about personal responsibility and what the people who owe these loans plan to do to pay their........fair share.