Student loans
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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)
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@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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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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@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.
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@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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@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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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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@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.
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@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)
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"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.
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@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.
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I know, I should have posted it in this thread, but what the hell.
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@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.
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This post is deleted!
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@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…
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@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.
“Little by little I am learning the art of being quite content by doing very little slowly” ~ Lionel Hardcastle
