EPTIt is not just the students that can't pay their loans that are going to be effected by it.
Student Loan Forgiveness Act - Page 2
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kammeyer
United States275 Posts
It is not just the students that can't pay their loans that are going to be effected by it. | ||
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.Wilsh.
United States133 Posts
On April 18 2012 09:23 dAPhREAk wrote: when you say loan forgiveness, what you really mean is let the government pay for it, which means increase the debt or increase taxes. i am opposed to increasing the debt, and i am opposed to increasing taxes to pay off something that people voluntarily and privately incurred. i really dont understand why people can get away with such horrible ops btw. here is the official summary of the law: I agree. Don't pass the buck just pay what you owe. That's like taking a bank loan to build a store and after you build the store tell taxpayers to pay your loan back for you. Also the number one group this hurts are lower middle class people who didn't go to college and have to pay off people who did go to college. | ||
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fritfrat
United States50 Posts
I agree. Don't pass the buck just pay what you owe. That's like taking a bank loan to build a store and after you build the store tell taxpayers to pay your loan back for you. Also the number one group this hurts are lower middle class people who didn't go to college and have to pay off people who did go to college. Don't be silly, lower middle class people don't pay federal taxes. | ||
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Sadist
United States7328 Posts
It is pathetic. If you want to make a lot of money in the US and have great job security, go into health care or higher education. | ||
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dAPhREAk
Nauru12397 Posts
On April 18 2012 09:34 Kazeyonoma wrote: it's also stupid for responsible individuals who saved up money for their kids educations, and sent them to college and paid for them in full, what about them? Will this loan retroactively give them back money for being financially stable? no, it only rewards financially irresponsible people. | ||
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Zaqwert
United States411 Posts
How would you feel if you were out of school busting your hump to pay off your debt, you finally get it paid, and the next day they announce, "Ya, all these people are irresponsible and lazy, so we'll just have the taxpayers absorb it" Yeah so not only did you pay your debt now you have to help pay theirs too? People who make good decisions shouldn't have to carry the water for those who make bad ones. Achievers are already carrying people not pulling their weight enough. You're supposed to stop demanding free stuff when you stop believing in Santa Claus. Think of the precedence this sets too, you got peopling taking out huge mortgages they can't afford, "ZOMG plz bail me out", you got people taking out student loans they can't afford "ZOMG just forgive it!" Maybe you should think twice before taking on a ton of debt you cannot or will not pay back. Go to a cheaper college, you're not entitled to the degree of your choice from the school you want without having to pay for it. | ||
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acerockolla
United States219 Posts
On April 18 2012 09:30 Whitewing wrote: Our goal as a society should be to make education as accessible as possible for everyone, not harder. There has to be a better way to do it than making loans harder to obtain -_-. Hey.. I agree, but at the same time we have to realize we're not Korea or Japan. Most people who go to college in the US do not graduate (http://www.nytimes.com/2009/09/09/business/economy/09leonhardt.html). Finances are sighted as part of the problem, but the other issue is "Failure has become acceptable." This bill would only further enforce that failure is acceptable. Until we can somehow get teachers and schools to work for free, or stop our retarded politicians from spending away our tax money, this bill is absolutely unacceptable. It simply exists to garner votes. | ||
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Taekwon
United States8155 Posts
While arguments regarding loans as a whole are basic and intuitive, attempting to carve it around the implementation of colleges and universities borders asinine and only does itself justice as a burlesque. Consider how commercialized academic institutions have become. It should not have to be this way; distribution of education never was supposed to be about profit. Here's to a good first step to finer access to education in the future. Eff student debt. | ||
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Muggs
United States148 Posts
On April 18 2012 09:29 NeMeSiS3 wrote: I think the idea is, that they should have forgiven them and they are moving to make things right for this generation... See ideologies like this are incredibly close minded. What Nemesis said, but I'd also like to add on that college was much cheaper in the US 30+ years ago. As an anecdote to that, my parents were both able to graduate with 5 grand saved up, took minimal loans their first years of college, and only worked twenty hours a week through college in order to maintain a reason able standard of living as a student at a state university. | ||
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acerockolla
United States219 Posts
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Count9
China10928 Posts
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Kazeyonoma
United States2912 Posts
On April 18 2012 09:35 dAPhREAk wrote: no, it only rewards financially irresponsible people. exactly, i was being sarcastic. i agree with you and sc2 about this. it's kind of silly. I grew up poor, i got scholarships, i got financial aid, and i got calgrants. There are already plenty of systems out there that help students go to school, what needs to be fixed is the corrupt higher education administrations that keep increasing rates, while showing no gain for students, and now this, like someone mentioned above, will only incentivize universities to up the prices of school EVEN MORE, why not? the government pays most of it, and the student will still pay out of his ass, until he can reach some magical 10% for 10 years. | ||
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Wood!
United States15 Posts
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dAPhREAk
Nauru12397 Posts
On April 18 2012 09:38 Kazeyonoma wrote: exactly, i was being sarcastic. i agree with you and sc2 about this. it's kind of silly. I grew up poor, i got scholarships, i got financial aid, and i got calgrants. There are already plenty of systems out there that help students go to school, what needs to be fixed is the corrupt higher education administrations that keep increasing rates, while showing no gain for students, and now this, like someone mentioned above, will only incentivize universities to up the prices of school EVEN MORE, why not? the government pays most of it, and the student will still pay out of his ass, until he can reach some magical 10% for 10 years. ironically, one of the purposes of the bill is to promote financial responsibility. what a joke. Promote financial responsibility in higher education o While current borrowers would be eligible for full forgiveness under the plan, future borrowers would be subject to a $45,520 cap on forgiveness (based on the average overall cost of a four-year degree at a public university). The aim is to incentivize students to be mindful of educational costs and for colleges and universities to control tuition increases. | ||
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Kazeyonoma
United States2912 Posts
On April 18 2012 09:38 Count9 wrote: To be fair, most students here (decent uni) are complete idiots and spend most days partying and doing other stupid things instead of studying and have no shot of getting a job. They are not getting crushed under student debts, they're getting crushed under their own studpidity. Again, part of the problem of the education system. Everyone thinks you HAVE to have a degree to get a job, when right now it does nothing, except bloat the system, and end up devaluing the degree itself. If everyone has a degree, everyone might as well not have it as well. So instead you get people who just party it up, because they shouldn't be there anyways, bloat the wallets of the universities themselves to pad the salaries of presidents/chancellors, and sports teams, etc, while simultaneously putting the entire american demographic of young adults into monstrous debt that they have NO WAY of paying themselves out of because there simply aren't enough jobs out there for these people who were sold a LIE from the day they got into high school. | ||
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CajunMan
United States823 Posts
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Sadist
United States7328 Posts
On April 18 2012 09:39 Wood! wrote: the new american mantra: something for nothing Undergrad is to get a piece of paper that lets you get a job. Colleges/universities are not about education, they are about profit. Students are to blame as well, but the fact that the cost of education keeps going up is a joke. Basically every job requires some type of diploma whether or not its really justified. Its going to get worse in the future when jobs that you can get with a bachelors degree now require a masters. The universities have us by the balls and they know it. Employers are only helping them out. It is sad. | ||
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Kimaker
United States2131 Posts
On April 18 2012 09:38 Count9 wrote: To be fair, most students here (decent uni) are complete idiots and spend most days partying and doing other stupid things instead of studying and have no shot of getting a job. They are not getting crushed under student debts, they're getting crushed under their own studpidity. Bingo. College is such a joke now anyway because of those same idiots. A moron with a piece of paper is still a moron. | ||
Whitewing
United States7483 Posts
On April 18 2012 09:36 acerockolla wrote: Hey.. I agree, but at the same time we have to realize we're not Korea or Japan. Most people who go to college in the US do not graduate (http://www.nytimes.com/2009/09/09/business/economy/09leonhardt.html). Finances are sighted as part of the problem, but the other issue is "Failure has become acceptable." This bill would only further enforce that failure is acceptable. Until we can somehow get teachers and schools to work for free, or stop our retarded politicians from spending away our tax money, this bill is absolutely unacceptable. It simply exists to garner votes. The best way to do it would have something to do with graduation rates, performance, etc. Have a clause somewhere that only students who perform well in school can benefit from bills like this, and set some reasonable limit so schmucks who party hard and fail don't get an out, but people who genuinely try (almost anyone who can get into college can do well if they apply themselves) aren't screwed. For the record, I decided to be a student at the University of Massachusetts Amherst because it was only 17 grand a year when I was a freshman, and I had a scholarship for 1.7 grand off, I could afford that. A year later they raised the fees by 3 grand, and then they did it again another year after that. Now it costs 23 grand a year, and that's much harder for me to afford, and because of my family's interesting financial situation I had to take out private loans. Colleges need to stop charging a fucking arm and a leg and continually increase costs for attendance, or loans will continue to skyrocket and people will have trouble paying them off. As for the people who are saying this only rewards people who are financially irresponsible: Are you aware that we have a high unemployment rate, and that industries change over time? If I go to school for a degree in a subject that has a high expectation of employment, but over the 4 years I'm earning the degree the expectation of employment drops and then I can't get a job, should I be screwed over with large debt I can't pay? Can you imagine situations where people might be screwed by the system? If so, we should try to fix it. And I'd wager a LOT of people are being screwed over by the system. | ||
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Classysaurus
United States78 Posts
On April 18 2012 09:35 dAPhREAk wrote: no, it only rewards financially irresponsible people. I'm hurt to see this level of ignorance. | ||
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