Student Loan Forgiveness?
- Thread starter Bowhunter57
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Bigcountry40
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I could debate both sides of this issue for hours, should the taxpayers be paying for this absolutely not. Most interesting fact about student loans is federal student loans were not the loan sharks scamming teenagers with stupid interest rates, etc, it was private loan companies, federal loans aren’t the loans killing peoples incomes, so this forgiveness is not really solving the problem.
okay now you can come after me with torches, screaming “tough shit, get a job” even though millions of Americans and their parent fell for one the biggest scams in American history. It’s much more complicated than kids getting degrees in feminine basket weaving and complaining about not getting a job. Side note I never paid a dime for college or would of went if it wasn’t for football.
okay now you can come after me with torches, screaming “tough shit, get a job” even though millions of Americans and their parent fell for one the biggest scams in American history. It’s much more complicated than kids getting degrees in feminine basket weaving and complaining about not getting a job. Side note I never paid a dime for college or would of went if it wasn’t for football.
Left field
Active Member
Very true , my wife is a teacher ,her friend has 2 degrees in teaching ,currently works a second job after school , surprised schools get away with charging so much
Bigcountry40
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There is the problem my friend, in the 70s and even the 80s people could pay for their tutition by working a full time summer job, not a chance now.
Left field
Active Member
And some of those parents don’t understand what their kids are going through
I see a definite problem with this "loan system". 
While I was working I took exams to attain an Ohio EPA Class 3 Wastewater Treatment License. While only having a high school diploma, this license earned me a huge increase in pay, that surpassed a co-worker that had a Master's Degree in Chemistry.
There's definitely something wrong with the educational system and how it promotes higher education, without obtaining the reward of getting a job that shows the efforts put into getting that education.
There seems to be more "reward" to those that join the military, getting the same education and some experiences to go with it. I don't know if there's a good answer to this issue.
While I was working I took exams to attain an Ohio EPA Class 3 Wastewater Treatment License. While only having a high school diploma, this license earned me a huge increase in pay, that surpassed a co-worker that had a Master's Degree in Chemistry.
There's definitely something wrong with the educational system and how it promotes higher education, without obtaining the reward of getting a job that shows the efforts put into getting that education.
There seems to be more "reward" to those that join the military, getting the same education and some experiences to go with it. I don't know if there's a good answer to this issue.
Bigcountry40
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It’s fascinating that small business owners and corporations can file bankruptcy which follows them for what 5 years max ( some can start over the next day), then it’s a clean slate. sometimes adults fuck up and make bad decisions financially, they file bankruptcy start from scratch, but students loans that were signed by a 17 or 18 year old in 1999 follow you forever. There’s some hypocrisy here.
Big_Holla
Senior Member
School costs, meaningless classes required and interest rates on those school loans, that is where they should start IMO.
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My problem with it has to do with the people who didn't attend college because they couldn't really afford it, yet others made poor financial decisions and obtained loans and now a portion of them will be forgiven. Once again the people who did right are getting fucked over and the ones who didn't are getting rewarded.
Seems that is how it is anymore in life Joe. Don't even get me started on the lazy fuckers at work that stroll in an hour late daily and act like we should be glad they showed up. Dumb fucks.
Yet NO ONE goes after or talks about these universities that’s built empires with these inflated tuition costs. Every year tuition cost rise 6.5% and our government does or says nothing about it. Schools like Harvard and Yale having endowments in the 30-40 billion dollar range speaks volumes. Country being ran by mostly lawyers from mostly Ivy League schools speaks volumes. Why forgive loan debt when they could just give everyone a 10K tax break. We have a bunch of ultra elites running our country with corporations and universities lining their pockets so they all remain rich. Sad
People are doing it right now with the housing market. Should we forgive them also in the future?
People make poor choices. I shouldn't have to pay for that. Work harder on working harder. Hand outs aren't the answer. Same idea about welfare. Fine if you have to use it to get by, but it shouldn't be a financial plan. Learn from it and use it as motivation to do better in life. It isn't my fucking responsibility to carry you. You all know I'll help a person in need. As I'll help a person willing to help themselves. But these people are prospering better than I am. The system is broken.
That really is not the case. I paid for three years at THE Ohio State University in the late 80's out my pocket by working my ass off at two jobs all summer and one very good part time job all year long, and having exactly no life at all. I sacrificed everything else to pay for three years of college tuition. Then I decided that academia wasn't really my calling and quit school, became self-employed in a manual trade, and have done better than most of my college graduate friends who actually have jobs, and never incurred one cent of student loan debt. My wife borrowed money for two different Bachelors degrees and Masters degree. I helped her pay back most of it, so excuse me if I don't want any of our tax dollars squandered on repaying somebody else's loans. I have exactly zero sympathy for people who are too dumb to realize that they have to pay back money when they borrow it for a college education. Life is hard and we all have to struggle in our own way to make our way in the world, and that includes suffering the consequences of our bad decisions. For some people, borrowing money for higher education was just a bad decision they have to live with. That is not a good enough reason for our government to do it for them.
You borrow the money in good faith, you pay it back. Anything less is unacceptable; I don't give one fuck what you borrow it for or how long it takes you to fulfill your obligation to repay the lender. You borrow money, you pay back all of it. Expecting somebody else to do it for you just because it's difficult for you is unacceptable, and one more example of how the "time out" and participation trophy generations cannot seem to grow up and accept their responsibilities as adults.
Smawgunner2
Active Member
A college education is an investment that pays for itself in 99% of cases. Same with a home mortgage….but no one is paying off my damn mortgage! 
It's all about choices, in my opinion. The problem is not the lenders or the universities. A business can charge whatever it wants to for a service or a product it is providing. The problem is the 100's of 1000's of IDIOTS making the terrible CHOICE to go to a hyper-expensive school, with a high-interest loan, to obtain a degree that's not worth the weight of the paper it's printed on. If you think the cost of the education is too high... Don't go there! And if you do make the choice to go there, do it with the understanding that you will most likely be starting your career with a financial handicap. This crap about handing out money to make people's problems go away has to stop. We aren't solving problems that way. All the government is doing is enabling irresponsible behavior and alienating the dwindling responsible population.
I chose an expensive, private university... mainly because I simply didn't know any better. I was the first and only one of my family to go to college, and none of us knew what we were doing. I graduated with 80k in debt. Yes, it was a shock when I was turned loose into the "real world." And yes, I struggled for several years to find any job related to my education. But did I pout about it or feel entitled to a bailout? No. I have worked 2-3 jobs at any given time for the last 15 years and HUSTLED my ass off, sacrificing my time and my family to do what was needed to pay off the debts that I was responsible for. Now my debts are paid. Where's my reward? Where's my 10-grand?
And if anyone wants to say, "Well you're the exception... You were lucky to land a good job... etc etc etc." To that I'll say, "Kiss my rosey red ass." Nobody gave me shit. Everything I have, I have because I worked for it and I earned it with my own blood, sweat, and tears. And all of it has boiled down to the CHOICES that I have made along the way. This student loan forgiveness crap is a SLAP IN THE FACE to everyone who has worked for what they have, and no one will ever convince me that it is the right thing to do. Student loan forgiveness, or throwing free money at problems in general, is nothing more than buying votes. Period.
I chose an expensive, private university... mainly because I simply didn't know any better. I was the first and only one of my family to go to college, and none of us knew what we were doing. I graduated with 80k in debt. Yes, it was a shock when I was turned loose into the "real world." And yes, I struggled for several years to find any job related to my education. But did I pout about it or feel entitled to a bailout? No. I have worked 2-3 jobs at any given time for the last 15 years and HUSTLED my ass off, sacrificing my time and my family to do what was needed to pay off the debts that I was responsible for. Now my debts are paid. Where's my reward? Where's my 10-grand?
And if anyone wants to say, "Well you're the exception... You were lucky to land a good job... etc etc etc." To that I'll say, "Kiss my rosey red ass." Nobody gave me shit. Everything I have, I have because I worked for it and I earned it with my own blood, sweat, and tears. And all of it has boiled down to the CHOICES that I have made along the way. This student loan forgiveness crap is a SLAP IN THE FACE to everyone who has worked for what they have, and no one will ever convince me that it is the right thing to do. Student loan forgiveness, or throwing free money at problems in general, is nothing more than buying votes. Period.
I have one son fresh out of college (Kody) and one still finding his way (Klay). The one fresh out was fortunate to land a job right out of the gate with the help of a connection of Jesse's. He is currently paying off his debt with a little help from Kendra and I. At no point do we expect help from anyone else. Kody has manned up, like many of us did, and is paying his fair share and Kendra and I agreed to match his payments because we want to and we can right now. Regardless of the help we are providing him, Kody sees the value of hard work and paying back his debts.
Klay chose his school for the first two years based on small expense. He went to a JUCO to play ball and was fortunate to get some athletic money thrown at him. He knew going in he didn't want a huge loan to payoff. After those two years he had a decision to make. Originally he was going to finish his last two years at Otterbein to continue playing ball and finish his business degree. The whole time he talked about the expense of Otterbein to obtain a degree he really didn't know what he was going to do with. So, he chose to hang up the spikes and head to flight school. Yes, the expense is huge, but the payout will be as well. He also knows going in the amount he will have to pay back with the same help from us that we provide Kody as long as we are able.
None of us expect to be bailed out. Quite frankly, like Jimbo said, I think it is BS to bail people out who know going in what they are getting into. Nobody bailed me out while obtaining my degree.
You scrape and claw to get by right outta college and struggle to make ends meet until that stuff is paid off. It's the way it is.
Klay chose his school for the first two years based on small expense. He went to a JUCO to play ball and was fortunate to get some athletic money thrown at him. He knew going in he didn't want a huge loan to payoff. After those two years he had a decision to make. Originally he was going to finish his last two years at Otterbein to continue playing ball and finish his business degree. The whole time he talked about the expense of Otterbein to obtain a degree he really didn't know what he was going to do with. So, he chose to hang up the spikes and head to flight school. Yes, the expense is huge, but the payout will be as well. He also knows going in the amount he will have to pay back with the same help from us that we provide Kody as long as we are able.
None of us expect to be bailed out. Quite frankly, like Jimbo said, I think it is BS to bail people out who know going in what they are getting into. Nobody bailed me out while obtaining my degree.
You scrape and claw to get by right outta college and struggle to make ends meet until that stuff is paid off. It's the way it is.