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The New Coffee Room

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Student loans

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  • 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 Away
                                MikM Away
                                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 Away
                                    MikM Away
                                    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
                                    • LarryL Offline
                                      LarryL Offline
                                      Larry
                                      wrote on last edited by
                                      #44

                                      I paid my own way through college. I worked. When i graduated I owed nothing.

                                      IvorythumperI X 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.

                                        JollyJ Offline
                                        JollyJ Offline
                                        Jolly
                                        wrote on last edited by
                                        #45

                                        @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.

                                        Middlin' salary, good pension.

                                        “Cry havoc and let slip the DOGE of war!”

                                        Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                        1 Reply Last reply
                                        • LarryL Larry

                                          I paid my own way through college. I worked. When i graduated I owed nothing.

                                          IvorythumperI Offline
                                          IvorythumperI Offline
                                          Ivorythumper
                                          wrote on last edited by
                                          #46

                                          @Larry said in Student loans:

                                          I paid my own way through college. I worked. When i graduated I owed nothing.

                                          I had scholarships, grants, and fellowships pay for all my degrees (except for about $8K in student loans for my undergrad). I got lucky, and doubt I could do it again...

                                          brendaB 1 Reply Last reply
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