Student loans
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wrote on 6 Dec 2021, 23:07 last edited by
D2 has a significant amount of student loan. She doesn't earn a congresscritter's salary - by a long shot.
Yeah, crocodile tears.
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wrote on 6 Dec 2021, 23:15 last edited by
Also, are those federal or private loans?
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wrote on 7 Dec 2021, 01:09 last edited by
@george-k said in Student loans:
Also, are those federal or private loans?
No way they are federal. $31K limit for dependents, $57k for independents…
Grad School has $20K limits per year.
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I saw that this morning. The comments after were enlightening. They weren't all on that tweet. Mostly about how she makes $170K annually and whines about owing money because she pays the minimum. In other words she wants relief for credit card debt.
wrote on 7 Dec 2021, 12:37 last edited by@mik said in Student loans:
In other words she wants relief for credit card debt.
Basically! People bought a product/service knowing the terms of their debt. Welcome to the real world. It's not all free.
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wrote on 7 Dec 2021, 13:45 last edited by
@89th said in Student loans:
@mik said in Student loans:
In other words she wants relief for credit card debt.
Welcome to the real world.
Would that include paying rent?
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wrote on 7 Dec 2021, 14:49 last edited by
Umm, yes. Sorry if I missed the cross-thread connection...?
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wrote on 9 Dec 2021, 12:07 last edited by George K 12 Sept 2021, 12:08
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wrote on 9 Dec 2021, 12:38 last edited by
@george-k said in Student loans:
I’m 32 years old now,” the congresswoman said. “I have over $17,000 in student loan debt
I owe about that on my car.
This is unacceptable.
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wrote on 9 Dec 2021, 12:59 last edited by
Personally, I am all for Student Loan forgiveness, but it’s just not the right time. In 3.5 years I think we will be ready….
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wrote on 9 Dec 2021, 14:04 last edited by
I think this may be a solution for some:
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wrote on 9 Dec 2021, 16:55 last edited by
You can't give unlimited loans on the front-end where schools get into building arms races then jack up prices - while at the same time forgiving them on the back end.
It's just a crazy grovernment subsidy to schools, without any power to control costs. (Reminds me of healthcare)
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You can't give unlimited loans on the front-end where schools get into building arms races then jack up prices - while at the same time forgiving them on the back end.
It's just a crazy grovernment subsidy to schools, without any power to control costs. (Reminds me of healthcare)
wrote on 9 Dec 2021, 17:16 last edited by@xenon said in Student loans:
You can't give unlimited loans on the front-end where schools get into building arms races then jack up prices - while at the same time forgiving them on the back end.
It's just a crazy grovernment subsidy to schools, without any power to control costs. (Reminds me of healthcare)
I generally agree except I think we should have a one-time forgiveness in May of 2024, possibly a follow up 2 years later, and one more in 2041.
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wrote on 9 Dec 2021, 17:27 last edited by
My 4 years of college tuition (45 years ago) wasn't much by today's standards, but I would like to have it back. And it would be nice if you could adjust for inflation.
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wrote on 9 Dec 2021, 18:02 last edited by
I finished college with 200 GBP more than I started with. It cost my parents about 200 pounds a year, I think (to cover living expenses). Fees were paid automatically, and I got about 2 thousand a year to live on.
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wrote on 9 Dec 2021, 23:37 last edited by
The only way to stop this madness is to get out of the mentality of the government paying for everything, including paying off loans. Regulation, sure… heck even a requirement to align tuition with the CPI or inflation… but stop this madness already!
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The only way to stop this madness is to get out of the mentality of the government paying for everything, including paying off loans. Regulation, sure… heck even a requirement to align tuition with the CPI or inflation… but stop this madness already!
wrote on 9 Dec 2021, 23:44 last edited by@89th said in Student loans:
stop this madness already
I wish someone could tell us why college costs so much.
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@89th said in Student loans:
stop this madness already
I wish someone could tell us why college costs so much.
wrote on 9 Dec 2021, 23:50 last edited by@george-k said in Student loans:
@89th said in Student loans:
stop this madness already
I wish someone could tell us why college costs so much.
That was 11 years ago.
Now it is really, really expensive.
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@89th said in Student loans:
stop this madness already
I wish someone could tell us why college costs so much.
wrote on 9 Dec 2021, 23:51 last edited by@george-k said in Student loans:
@89th said in Student loans:
stop this madness already
I wish someone could tell us why college costs so much.
"Move along, nothing to see here" in 300 pages. I don't suspect it's aged well, if it was ever meaningful in the first place.
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wrote on 9 Dec 2021, 23:56 last edited by
I've posted this before, but just to recap.
I grew up in a pretty middle-class family. Mom was a pediatrician (the lowest-paid specialty) and Dad was a lab rat at the U of I Dental School. We were comfortable. but not luxurious.
In 1972, tuition at Northwestern Medical School, for my first year (excluding room & board, books) was $1,875 a year.
Adjusted for inflation -
I imagine few upper-middle class, or middle-class families today couldn't afford $12.5K for MEDICAL SCHOOL.
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@89th said in Student loans:
stop this madness already
I wish someone could tell us why college costs so much.
wrote on 10 Dec 2021, 00:19 last edited by@george-k said in Student loans:
@89th said in Student loans:
stop this madness already
I wish someone could tell us why college costs so much.
Good pull! I think I worked on that book cover too, or at least helped him 10 years ago on that.