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The New Coffee Room

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  3. Student loans

Student loans

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  • D Doctor Phibes
    9 Dec 2021, 12:38

    @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.

    R Offline
    R Offline
    Renauda
    wrote on 13 Dec 2021, 22:21 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!

    G 1 Reply Last reply 13 Dec 2021, 22:22
    • R Renauda
      13 Dec 2021, 22:21

      @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.

      G Offline
      G Offline
      George K
      wrote on 13 Dec 2021, 22:22 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.

      R 1 Reply Last reply 13 Dec 2021, 22:25
      • G George K
        13 Dec 2021, 22:22

        @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.

        R Offline
        R Offline
        Renauda
        wrote on 13 Dec 2021, 22:25 last edited by
        #34

        @george-k

        It really upsets me about cars and trucks.

        Elbows up!

        1 Reply Last reply
        • L LuFins Dad
          13 Dec 2021, 22:09

          @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…

          H Offline
          H Offline
          Horace
          wrote on 13 Dec 2021, 22:33 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
          • A Offline
            A Offline
            Axtremus
            wrote on 23 Feb 2022, 19:45 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.”

            H 1 Reply Last reply 23 Feb 2022, 20:14
            • A Axtremus
              23 Feb 2022, 19:45

              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.”

              H Offline
              H Offline
              Horace
              wrote on 23 Feb 2022, 20:14 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
              • D Offline
                D Offline
                Doctor Phibes
                wrote on 23 Feb 2022, 20:17 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

                H JollyJ 2 Replies Last reply 23 Feb 2022, 20:19
                • D Doctor Phibes
                  23 Feb 2022, 20:17

                  "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.

                  H Offline
                  H Offline
                  Horace
                  wrote on 23 Feb 2022, 20:19 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.

                  D 1 Reply Last reply 23 Feb 2022, 20:21
                  • H Horace
                    23 Feb 2022, 20:19

                    @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.

                    D Offline
                    D Offline
                    Doctor Phibes
                    wrote on 23 Feb 2022, 20:21 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 23 Feb 2022, 21:44 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

                      D 1 Reply Last reply 24 Feb 2022, 00:03
                      • MikM Mik
                        23 Feb 2022, 21:44

                        Your dad was a really smart guy?

                        Wow.

                        D Offline
                        D Offline
                        Doctor Phibes
                        wrote on 24 Feb 2022, 00:03 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 24 Feb 2022, 00:22 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 24 Feb 2022, 00:57 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 24 Feb 2022, 19:04
                            • D Doctor Phibes
                              23 Feb 2022, 20:17

                              "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 24 Feb 2022, 01:45 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
                                24 Feb 2022, 00:57

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

                                IvorythumperI Offline
                                IvorythumperI Offline
                                Ivorythumper
                                wrote on 24 Feb 2022, 19:04 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 3 Jun 2022, 10:35
                                • LarryL Larry
                                  24 Feb 2022, 00:57

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

                                  X Offline
                                  X Offline
                                  xenon
                                  wrote on 24 Feb 2022, 21:55 last edited by xenon
                                  #47

                                  @Larry said in Student loans:

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

                                  I did that for undergrad in Canada (well partially, I had a few thousand in loans). Unless you get a full scholarship - that seems impossible for many schools in the U.S. now (The sticker price is $200K for many undergrad and professional degrees)

                                  1 Reply Last reply
                                  • KlausK Offline
                                    KlausK Offline
                                    Klaus
                                    wrote on 24 Feb 2022, 22:54 last edited by
                                    #48

                                    FWIW, when I started college I had nothing, but when I finished I had a grand piano and 50K cash from part-time working as software engineer. "Tuition" was about $200 per year.

                                    1 Reply Last reply
                                    • jon-nycJ Offline
                                      jon-nycJ Offline
                                      jon-nyc
                                      wrote on 25 Feb 2022, 00:15 last edited by
                                      #49

                                      My parents paid for three state college 4 year degrees. They were comfortable but not well off. No way the equivalent position could do that today unless they were crazy savers most of their lives.

                                      "You never know what worse luck your bad luck has saved you from."
                                      -Cormac McCarthy

                                      H 1 Reply Last reply 13 May 2022, 19:06
                                      • CopperC Offline
                                        CopperC Offline
                                        Copper
                                        wrote on 13 May 2022, 18:34 last edited by
                                        #50

                                        9e7ecfb5-9ce8-4e30-8d0e-823551505d27-image.png

                                        jon-nycJ 1 Reply Last reply 13 May 2022, 18:50
                                        • CopperC Copper
                                          13 May 2022, 18:34

                                          9e7ecfb5-9ce8-4e30-8d0e-823551505d27-image.png

                                          jon-nycJ Offline
                                          jon-nycJ Offline
                                          jon-nyc
                                          wrote on 13 May 2022, 18:50 last edited by
                                          #51

                                          @Copper lol

                                          "You never know what worse luck your bad luck has saved you from."
                                          -Cormac McCarthy

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