Student loans
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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.
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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.
wrote on 10 Dec 2021, 00:54 last edited by@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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@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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wrote on 13 Dec 2021, 01:19 last edited by
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wrote on 13 Dec 2021, 01:26 last edited by 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.
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@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.
wrote on 13 Dec 2021, 01:30 last edited by@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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wrote on 13 Dec 2021, 21:50 last edited by
I know, I should have posted it in this thread, but what the hell.
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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.
wrote on 13 Dec 2021, 21:56 last edited by@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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@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.
wrote on 13 Dec 2021, 22:00 last edited byThis post is deleted! -
@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.
wrote on 13 Dec 2021, 22:09 last edited by@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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@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.
wrote on 13 Dec 2021, 22:21 last edited by@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.
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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.
wrote on 13 Dec 2021, 22:22 last edited by@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.
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@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.
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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…
wrote on 13 Dec 2021, 22:33 last edited by@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
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wrote on 23 Feb 2022, 19:45 last edited by
Student loan forgiveness program expanded:
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.”
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Student loan forgiveness program expanded:
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.”
wrote on 23 Feb 2022, 20:14 last edited by Horace@Axtremus said in Student loans:
Student loan forgiveness program expanded:
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.
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wrote on 23 Feb 2022, 20:17 last edited by 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.
I was only joking
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"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.
wrote on 23 Feb 2022, 20:19 last edited by@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.
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@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.
wrote on 23 Feb 2022, 20:21 last edited by Doctor Phibes@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.
