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The New Coffee Room

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  3. Student loans

Student loans

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  • MikM Mik

    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.

    89th8 Offline
    89th8 Offline
    89th
    wrote on last edited by
    #6

    @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.

    1 Reply Last reply
    • Aqua LetiferA Offline
      Aqua LetiferA Offline
      Aqua Letifer
      wrote on last edited by
      #7

      @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?

      Please love yourself.

      1 Reply Last reply
      • 89th8 Offline
        89th8 Offline
        89th
        wrote on last edited by
        #8

        Umm, yes. Sorry if I missed the cross-thread connection...?

        1 Reply Last reply
        • George KG Offline
          George KG Offline
          George K
          wrote on last edited by George K
          #9

          “I’m 32 years old now,” the congresswoman said. “I have over $17,000 in student loan debt, and I didn’t go to graduate school because I knew that getting another degree would drown me in debt that I would never be able to surpass. This is unacceptable.”

          "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.

          Doctor PhibesD 1 Reply Last reply
          • George KG George K

            “I’m 32 years old now,” the congresswoman said. “I have over $17,000 in student loan debt, and I didn’t go to graduate school because I knew that getting another degree would drown me in debt that I would never be able to surpass. This is unacceptable.”

            Doctor PhibesD Offline
            Doctor PhibesD Offline
            Doctor Phibes
            wrote on last edited by
            #10

            @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.

            I was only joking

            RenaudaR 1 Reply Last reply
            • LuFins DadL Offline
              LuFins DadL Offline
              LuFins Dad
              wrote on last edited by
              #11

              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….

              The Brad

              1 Reply Last reply
              • JollyJ Offline
                JollyJ Offline
                Jolly
                wrote on last edited by
                #12

                I think this may be a solution for some:

                https://award.mylrap.org/?i=LAC

                “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
                • X Offline
                  X Offline
                  xenon
                  wrote on last edited by
                  #13

                  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)

                  LuFins DadL 1 Reply Last reply
                  • X xenon

                    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)

                    LuFins DadL Offline
                    LuFins DadL Offline
                    LuFins Dad
                    wrote on last edited by
                    #14

                    @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.

                    The Brad

                    1 Reply Last reply
                    • CopperC Offline
                      CopperC Offline
                      Copper
                      wrote on last edited by
                      #15

                      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.

                      1 Reply Last reply
                      • Doctor PhibesD Offline
                        Doctor PhibesD Offline
                        Doctor Phibes
                        wrote on last edited by
                        #16

                        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.

                        I was only joking

                        1 Reply Last reply
                        • 89th8 Offline
                          89th8 Offline
                          89th
                          wrote on last edited by
                          #17

                          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!

                          George KG 1 Reply Last reply
                          • 89th8 89th

                            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!

                            George KG Offline
                            George KG Offline
                            George K
                            wrote on last edited by
                            #18

                            @89th said in Student loans:

                            stop this madness already

                            I wish someone could tell us why college costs so much.

                            "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.

                            CopperC HoraceH 89th8 3 Replies Last reply
                            • George KG George K

                              @89th said in Student loans:

                              stop this madness already

                              I wish someone could tell us why college costs so much.

                              CopperC Offline
                              CopperC Offline
                              Copper
                              wrote on last edited by
                              #19

                              @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.

                              1 Reply Last reply
                              • George KG George K

                                @89th said in Student loans:

                                stop this madness already

                                I wish someone could tell us why college costs so much.

                                HoraceH Offline
                                HoraceH Offline
                                Horace
                                wrote on last edited by
                                #20

                                @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.

                                Education is extremely important.

                                1 Reply Last reply
                                • George KG Offline
                                  George KG Offline
                                  George K
                                  wrote on last edited by
                                  #21

                                  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 -

                                  Screen Shot 2021-12-09 at 5.55.20 PM.png

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

                                  "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.

                                  X 1 Reply Last reply
                                  • George KG George K

                                    @89th said in Student loans:

                                    stop this madness already

                                    I wish someone could tell us why college costs so much.

                                    89th8 Offline
                                    89th8 Offline
                                    89th
                                    wrote on last edited by
                                    #22

                                    @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.

                                    1 Reply Last reply
                                    • George KG George K

                                      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 -

                                      Screen Shot 2021-12-09 at 5.55.20 PM.png

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

                                      X Offline
                                      X Offline
                                      xenon
                                      wrote on last edited by
                                      #23

                                      @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 1 Reply Last reply
                                      • 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
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