Senate votes to kill $400 billion student loan handout, sets up fifth Biden veto

There are about a 1,000 private for-profit colleges today.

In general, they are rated as a bad investment for students.

Plus, they tend to have HIGHER tuition rates than public colleges.

 

lol, ok

 

I thought they owed you interest on that! Maybe that was in times past?

Like everyone, I imagine, I hate filing taxes, plus I have to do it quarterly. So, an accountant does that.

 

In general? Where are you getting your info? And how is Biden’s loan forgiveness going to fix it?

 

I'll say it plain, my family is drowning in student loan debt. Were it not for my misguided attempts at bettering myself, I imagine I would be far better off. When one person makes a mistake, sucks to be them, when millions make a mistake, it's a systemic issue to be corrected if at all possible.
That said, shitty though it is for me and mine and loads of people in my generation, its far more important that we focus on making education affordable and available to those that can take advantage. Not only was it key to forming me as a critical thinker (something I wish I had *before* schoolin' lol) it also let me explore my world in a way that, writ large, improves the lives of everyone in the world, even as it saps my wallet.
In other words, if its a choice between throwing me a life line and making sure that no one falls in the same trap as me to get an education, then I'd rather the latter.
If we can though (and we can) we should course correct *and* make higher education available. And ffs, bring back trades in highschool. I swear if someone showed me a TIG and a plasma cutter when I was a kid I'd be the best damn welder this side of the St. Croix.

 

When the alternative lie is "The tax cuts will pay for themselves!" the choice is clear.

 

Democrats believe that the government is a great big sugar daddy / Santa Claus/magic sky daddy.

Democrats during the Clinton administration decided that everyone has a right to have a house even if they can't pay for their loan.

And you seen the results of that, coming full circle in 2008

 

Brandon, and dem leadership, are authoritarian. Takes nothing for them to over reach.

 

College isn’t necessarily to be a productive informed human. Infact it’s serving the opposite in many cases creating blue haired fascists with various sociology degrees believing they are educated on par with scientists.

College personal debts are not societies problem.

 

I don't know if Biden's direction would be targeted to help fund for-profit education.

The best direction would be for student to pick better schools.

 

The problem is that we do need an educated public.

Plus, reserving education for those with wealthy parents is a problem, not a solution.

Also, we clearly need some focus on sociology today!

 

I agree with your point about trades.

Plus, we need continuing education available in trades as well as academics.

These days, people need to be working on achieving some kind of next level.

People can't wait for their job to disappear before developing new skills. Look what happened in auto manufacturing.

 

The focus on sociology in its present state isn’t being done in good faith. Which has caused far more problems than it’s solved. Non science studies require a tremendous amount of honesty that most studying it have displayed a tremendous lack of.

And college isn’t only for the wealthy, but it should be only for the responsible.

 

Educating our next generation is a societal problem...

 

I’m educated myself. I’m no different now than before my college education. Grades 1-12 are more than enough for most. College isn’t necessary. It should be for the responsible. It isn’t a societal issue that we should pay for as a society. It’s a personal responsibility and should be.

Particularly when so much of what is taught in college is so narrow in its use and application. And so much of the non scientific studies are taught and practiced with such a lack of honesty.

Our education system is in dire need of a systemic change.

 

Whatever you say fresh.
Understand this: there are still many, many taxpaying citizens that want to work for what they have, and these same taxpaying citizens DO NOT want to pay for the lazy, unmotivated, simple people amongst us who seem to think they are entitled to have what the hardworking citizens have.

That kind of thinking will (quite obviously) hurt our country.

 

Yes, the colleges and universities have made a racket out of this. They have jacked up the tuitions because kids go into this thinking that it’s “Monopoly money.” Many of these kids have no idea what it’s like pay back a big loan when they borrow the money. Like many organizations that get money by the pitchfork full, they waste it. Big salaries go to celebrity professors and the entire organization is not as frugal with its spending as it should be.

 

And we need a change in what guidance counselors are telling kids. College is not a panacea. That is essentially true if you are not a person who into books, studying and going to classes. If you acquire the skills to do the trades, you are many times better off. You will have steady employment, and you can earn a good income.

I have three adult nieces and nephews. All three have college degrees. Two of them are not working in jobs that required their majors, journalism and astronomy. One couldn’t get a job in journalism; the other didn’t have graduate record exam scores that were high enough for grad school. Both are stuck with student loan debt, with which my rich brother in law is helping them.

My niece got a degree in what I could best call logistics. That major did not exist when I went to businesses school. She arranges shipping for a firm that moves goods all over the country. She’s darn good at it because he career has shot off like a rocket. She’s under 30 and is making a strong 6 figure salary, more than I ever earned working for a company. Her degree was, in a way, like vocational training. It was not in women’s studies or minority victimhood, which are virtually worthless when you are looking to earn a living.

I have an MBA I earned 40 years ago. It served me well, and I was cut out for college. College is great if you have the aptitude for it, but many of the kids I went school with didn’t. They wasted their parent’s money and flunked out or got though with Cs. The people who got the Cs might have done well. Grades don’t mean everything, but they can be an indicator of what you might do.

 

Apparently Biden said he will sign the Senate version. I'm glad Manchin, Tester and Sinema decided to not vote along party lines on this (and other issues). More Senators should consider following their example.

Not sure if the whole forgiveness idea was designed to be used as a negotiation tool, but I'm glad it was scrapped.

 

Are you talking about the debt ceiling bill? If you are that’s not what this thread is about.

 

Yes, its separate. Either way I'm glad Manchin, Tester and Sinema decided to vote the way they did. The program is a bad idea.

It seems you are too obsessed with "Dems this and Dems that". Glass–Steagall legislation was repealed by Gramm–Leach–Bliley Act and Gramm–Leach–Bliley were all Republicans, and there were far more Dems opposed to it than Repubs. The repeal did not promise anyone anything, let alone "everyone has a right to have a house". What the heck are you talking about?

 

In engineering, the rapid advance of technology means that keeping up with hardware and facilities to teach and further these advances becomes more costly.
Couldn't agree more, and with AI taking center stage, the information and industrial technology, let alone medicine, are going to be taking some huge technical leaps forward.

 

Ugh, thanks for bringing back an unpleasant memory. I remember spending $500 or $600 on textbooks in college and then being lucky if I got a sixth of that back when I sold them at the end of the semester.

 

You definitely can sell them but more often than not, students would get a small fraction of what the book was worth back. Or sometimes not at all because the textbook is "outdated" somehow by the end of the semester, which lasts only 4 months. In other words, you can get ripped off badly.

 

I always bought used books. Obviously, this cuts into the publishers profits, so they have found ways to make text books obsolete after one use. In order for my daughter to get her degree, she needed to complete assignments online using single-use codes. She still attended class in person. The book cost $1000.00.

My oldest son got 4 degrees without buying a single text book. His classes did not require these assignments. In the information age, no one should be paying for text. For fun, he learned to code from the information anyone can find on the internet and developed his own games/apps.

You are right about it being a big business.