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The New Coffee Room

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  3. Student loans

Student loans

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  • X xenon

    @george-k said in Student loans:

    I imagine few upper-middle class, or middle-class families today couldn't afford $12.5K for MEDICAL SCHOOL.

    That's almost exactly my kids preschool cost for the year. (And we did not choose one of the swanky ones)

    George KG Offline
    George KG Offline
    George K
    wrote on last edited by
    #24

    @xenon and I graduated with zero debt. My parents were generous, of course, but not extravagant.

    Today, medical school is north of $65K.

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

    1 Reply Last reply
    • George KG Offline
      George KG Offline
      George K
      wrote on last edited by
      #25

      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

      jon-nycJ 1 Reply Last reply
      • George KG George K

        jon-nycJ Offline
        jon-nycJ Offline
        jon-nyc
        wrote on last edited by jon-nyc
        #26

        @george-k said in Student loans:

        Not really. What they mean is “force the median taxpayer to pay off the student loans of middle-class to affluent college grads”

        The median tax dollar does not come from working class folks.

        Only non-witches get due process.

        • Cotton Mather, Salem Massachusetts, 1692
        George KG LuFins DadL 3 Replies Last reply
        • jon-nycJ jon-nyc

          @george-k said in Student loans:

          Not really. What they mean is “force the median taxpayer to pay off the student loans of middle-class to affluent college grads”

          The median tax dollar does not come from working class folks.

          George KG Offline
          George KG Offline
          George K
          wrote on last edited by
          #27

          @jon-nyc said in Student loans:

          Not really. What they mean is “force the median taxpayer to pay off the student loans of middle-class to affluent college grads”
          The median tax dollar does not come from working class folks.

          Picky, picky, picky...lol.

          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

          HoraceH 1 Reply Last reply
          • George KG Offline
            George KG Offline
            George K
            wrote on last edited by
            #28

            I know, I should have posted it in this thread, but what the hell.

            FGg0egxXIAAr-L9.jpeg

            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

            1 Reply Last reply
            • George KG George K

              @jon-nyc said in Student loans:

              Not really. What they mean is “force the median taxpayer to pay off the student loans of middle-class to affluent college grads”
              The median tax dollar does not come from working class folks.

              Picky, picky, picky...lol.

              HoraceH Offline
              HoraceH Offline
              Horace
              wrote on last edited by
              #29

              @george-k said in Student loans:

              @jon-nyc said in Student loans:

              Not really. What they mean is “force the median taxpayer to pay off the student loans of middle-class to affluent college grads”
              The median tax dollar does not come from working class folks.

              Picky, picky, picky...lol.

              Well, the median tax dollar doesn't come from the median tax payer.

              Education is extremely important.

              1 Reply Last reply
              • jon-nycJ jon-nyc

                @george-k said in Student loans:

                Not really. What they mean is “force the median taxpayer to pay off the student loans of middle-class to affluent college grads”

                The median tax dollar does not come from working class folks.

                LuFins DadL Offline
                LuFins DadL Offline
                LuFins Dad
                wrote on last edited by
                #30
                This post is deleted!
                1 Reply Last reply
                • jon-nycJ jon-nyc

                  @george-k said in Student loans:

                  Not really. What they mean is “force the median taxpayer to pay off the student loans of middle-class to affluent college grads”

                  The median tax dollar does not come from working class folks.

                  LuFins DadL Offline
                  LuFins DadL Offline
                  LuFins Dad
                  wrote on last edited by
                  #31

                  @jon-nyc said in Student loans:

                  The median tax dollar does not come from working class folks.

                  Want to bet? Median household annual income tax paid is $15K, with a Median effective income tax rate of 13.9%. That puts the median tax follar coming from households making roughly $105,000, smack dab in the middle of Joe the Plumbee territory…

                  HoraceH 1 Reply Last reply
                  • Doctor PhibesD Doctor Phibes

                    @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.

                    RenaudaR Offline
                    RenaudaR Offline
                    Renauda
                    wrote on last edited by
                    #32

                    @doctor-phibes said in Student loans:

                    @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.

                    And your car depreciates over time.

                    But then, so do some people’s brains.

                    Elbows up!

                    George KG 1 Reply Last reply
                    • RenaudaR Renauda

                      @doctor-phibes said in Student loans:

                      @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.

                      And your car depreciates over time.

                      But then, so do some people’s brains.

                      George KG Offline
                      George KG Offline
                      George K
                      wrote on last edited by
                      #33

                      @renauda said in Student loans:

                      And your car depreciates over time.
                      But then, so do some people’s brains.

                      Yeah, but with potentially more consequences.

                      Or fewer.

                      Whatever.

                      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                      RenaudaR 1 Reply Last reply
                      • George KG George K

                        @renauda said in Student loans:

                        And your car depreciates over time.
                        But then, so do some people’s brains.

                        Yeah, but with potentially more consequences.

                        Or fewer.

                        Whatever.

                        RenaudaR Offline
                        RenaudaR Offline
                        Renauda
                        wrote on last edited by
                        #34

                        @george-k

                        It really upsets me about cars and trucks.

                        Elbows up!

                        1 Reply Last reply
                        • LuFins DadL LuFins Dad

                          @jon-nyc said in Student loans:

                          The median tax dollar does not come from working class folks.

                          Want to bet? Median household annual income tax paid is $15K, with a Median effective income tax rate of 13.9%. That puts the median tax follar coming from households making roughly $105,000, smack dab in the middle of Joe the Plumbee territory…

                          HoraceH Offline
                          HoraceH Offline
                          Horace
                          wrote on last edited by
                          #35

                          @lufins-dad said in Student loans:

                          @jon-nyc said in Student loans:

                          The median tax dollar does not come from working class folks.

                          Want to bet? Median household annual income tax paid is $15K, with a Median effective income tax rate of 13.9%. That puts the median tax follar coming from households making roughly $105,000, smack dab in the middle of Joe the Plumbee territory…

                          According to the chart in this article, 40% of taxes are paid by the top 5% of earners. Median tax dollar wouldn't be far behind that, probably paid by a 93%er or so.

                          https://nymag.com/intelligencer/article/fact-check-richest-1-dont-pay-40-of-the-taxes.html

                          Education is extremely important.

                          1 Reply Last reply
                          • AxtremusA Offline
                            AxtremusA Offline
                            Axtremus
                            wrote on last edited by
                            #36

                            Student loan forgiveness program expanded:

                            https://www.usatoday.com/story/news/education/2022/02/23/student-loan-forgiveness-expansion/6817734001/

                            Basic requirement seems to be (1) work a public service job, and (2) have made payments for 10 years … then the rest of your student loan may be forgiven. Recent changes seem to have relaxed the rules that determine which jobs count as public service jobs. According to the article: “ … jobs are considered public service based on who your employer is, not based on your job title.”

                            HoraceH 1 Reply Last reply
                            • AxtremusA Axtremus

                              Student loan forgiveness program expanded:

                              https://www.usatoday.com/story/news/education/2022/02/23/student-loan-forgiveness-expansion/6817734001/

                              Basic requirement seems to be (1) work a public service job, and (2) have made payments for 10 years … then the rest of your student loan may be forgiven. Recent changes seem to have relaxed the rules that determine which jobs count as public service jobs. According to the article: “ … jobs are considered public service based on who your employer is, not based on your job title.”

                              HoraceH Offline
                              HoraceH Offline
                              Horace
                              wrote on last edited by Horace
                              #37

                              @Axtremus said in Student loans:

                              Student loan forgiveness program expanded:

                              https://www.usatoday.com/story/news/education/2022/02/23/student-loan-forgiveness-expansion/6817734001/

                              Basic requirement seems to be (1) work a public service job, and (2) have made payments for 10 years … then the rest of your student loan may be forgiven. Recent changes seem to have relaxed the rules that determine which jobs count as public service jobs. According to the article: “ … jobs are considered public service based on who your employer is, not based on your job title.”

                              More incentive to work a government job, as if pensions weren't enough?

                              "Public service" is of course a misnomer if it's supposed to mean anything in comparison to the private sector. But I suppose it takes a basic understanding of capitalism to understand how the private sector is a public service. Basic understandings of capitalism are in short supply these days.

                              Education is extremely important.

                              1 Reply Last reply
                              • Doctor PhibesD Offline
                                Doctor PhibesD Offline
                                Doctor Phibes
                                wrote on last edited by Doctor Phibes
                                #38

                                "public service" sounds so much better than "government job"

                                My dad worked for the government pretty much his whole working life, but I don't think he saw it as 'service'. Terrible salary, great pension.

                                I was only joking

                                HoraceH JollyJ 2 Replies Last reply
                                • Doctor PhibesD Doctor Phibes

                                  "public service" sounds so much better than "government job"

                                  My dad worked for the government pretty much his whole working life, but I don't think he saw it as 'service'. Terrible salary, great pension.

                                  HoraceH Offline
                                  HoraceH Offline
                                  Horace
                                  wrote on last edited by
                                  #39

                                  @Doctor-Phibes said in Student loans:

                                  "public service" sounds so much better than "government job"

                                  My dad worked for the government pretty much his whole working life, but I don't think he saw it as 'service'. Terrible salary, great pension.

                                  How much more would he have made in the private sector for doing what he did? Assuming the private sector had such jobs.

                                  Education is extremely important.

                                  Doctor PhibesD 1 Reply Last reply
                                  • HoraceH Horace

                                    @Doctor-Phibes said in Student loans:

                                    "public service" sounds so much better than "government job"

                                    My dad worked for the government pretty much his whole working life, but I don't think he saw it as 'service'. Terrible salary, great pension.

                                    How much more would he have made in the private sector for doing what he did? Assuming the private sector had such jobs.

                                    Doctor PhibesD Offline
                                    Doctor PhibesD Offline
                                    Doctor Phibes
                                    wrote on last edited by Doctor Phibes
                                    #40

                                    @Horace said in Student loans:

                                    @Doctor-Phibes said in Student loans:

                                    "public service" sounds so much better than "government job"

                                    My dad worked for the government pretty much his whole working life, but I don't think he saw it as 'service'. Terrible salary, great pension.

                                    How much more would he have made in the private sector for doing what he did? Assuming the private sector had such jobs.

                                    It's hard to say. He absolutely loved his job. He worked for the Atomic Energy Authority as a research scientist. He was a very smart guy, but I'm not sure he'd have suited the commercial sector.

                                    I was only joking

                                    1 Reply Last reply
                                    • MikM Offline
                                      MikM Offline
                                      Mik
                                      wrote on last edited by
                                      #41

                                      Your dad was a really smart guy?

                                      Wow.

                                      “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                                      Doctor PhibesD 1 Reply Last reply
                                      • MikM Mik

                                        Your dad was a really smart guy?

                                        Wow.

                                        Doctor PhibesD Offline
                                        Doctor PhibesD Offline
                                        Doctor Phibes
                                        wrote on last edited by Doctor Phibes
                                        #42

                                        @Mik said in Student loans:

                                        Your dad was a really smart guy?

                                        Wow.

                                        624349b3-c714-41ab-ac52-6ab04e5a155a-image.png

                                        I was only joking

                                        1 Reply Last reply
                                        • MikM Offline
                                          MikM Offline
                                          Mik
                                          wrote on last edited by
                                          #43

                                          🤣

                                          “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                                          1 Reply Last reply
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