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

if it's gov money, why not make them interest free

 

What's the credit score for a teenager who doesn't have wealthy parents?

More fundamentally, the objective is to spread education to a wide audience, not to get teenagers committed to paying bills.

 

You don't have to believe it. Are the majority of the nation's largest universities public or private? Your second point is irrelevant. If government is providing and/or guaranteeing the loans, it's not free market son. That was my original point.
https://www.collegexpress.com/lists/list/the-50-largest-us-colleges-and-universities/361/

How do you measure success? All the data points to college graduates having an increasingly difficult time finding jobs using their degrees compared to past years.

 

That's a list of the 50 largest schools. They appear to be publics. But, this doesn't support your 80% claim.

One solid measure of success is graduation rate. I'm not totally sold on that, as there can be benefits in taking chances on students who don't necessarily pencil out to be stars.

Also, there are various ranking services.

 

Of course not, that's a red herring fallacy.

It would appear your trying to defend being lied to about free money under the fallacy.

Are YOU OK being lied to?

 

Exactly. That was the point of my post.

Yes, but there are many ways to pay for school.
1) Work your way through it. Takes longer and sucks
2) Get scholarships, pell grants, etc. Takes some hard work but money is out there.
3) Go to a cheaper school. It's may not be the best school but you will get an education (sometimes even a better education) and wind up a lot better off financially later.
4) Move to a state that pays for your school even if it's just through a community college for a couple of years. I think Cali was free. Don't know if it still is. Downside is you have to live in Cali. There are other states though.

There are other ways too. My wife and I went back to school at age 28 with 2 kids and came out with no debt. Yes, we were poor but we did it.

 

how about the government gives the loans, but the interest doesn't start accruing until 10 years after graduation

 

Don’t know why you felt the need to explain the amount. Pretty sure we all know that. States offering it is fine. I’m sure it passed a legislative process. This however did not.

 

Many Republicans are probably crass and greedy enough to want the government to pay for their higher education costs, because it's just human nature to want others to pay for your expenses. The difference is that Democrats think this should be an taxpayer-provided entitlement, whereas Republicans see it as a pandering scam to get votes. Still, they'd take advantage of if it was handed to them. Who wouldn't?

 

I don't want to dump too hard on these options, but these options don't provide the funding needed for the student population that needs to be educated.

All students can't move to CA or find jobs that come anywhere close to the needed funding. There is nowhere near enough grant and scholarship money to do the job.

You and I worked our way through, but that isn't open to everybody, and delaying education by years includes some serious problems at today's living and school prices and pay and employment if the objective is to educate Americans. When I did it, the cost of living and tuition were very different than today.

 

when even Time magazine admits Clinton's role in the subprime mortgage lending crisis you know that history is not being rewritten.

You just want to pretend like he didn't have anything to do with it. You are the one attempting to rewrite history

https://content.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877322,00.html

https://www.investors.com/politics/editorials/hillary-and-bill-cause-of-housing-financial-crisis/

 

This is too absurd for words.

I especially like that last on blaming Hillary. BUSH was president for nearly 8 YEARS before the collapse.

And, the banking problems that led to the collapse could have been fixed without ignoring Clinton's push for more equitable financing for those on low income.

She didn't demand zero down, zero source of income type loans. And, she didn't push for bundling such garbage loans an selling them to the public and other institutions as assets - with ratings agencies giving this garbage their seal of approval.

Also, please remember that Republicans opposed banking solutions that would protect against related problems happening again.

 

2/3s of Americans don't have college degrees. I have three degrees, I paid for them all. those of us who paid for our degrees have little use for those who expect the government to bail them out. working people who are in the trades don't want to pay for other kids' college degrees.

 

You would think if their degrees had been truly worth the money they would have been able to go out and get a job with it and pay off their debt

 

That's hilarious because no one blamed Hillary they were commenting on her hypocrisy on who she was attempting to blame.

Read the last sentence carefully here.
Earth to Hillary: It wasn't the richest 1% or Wall Street bankers who crashed the economy and created the financial wreckage from which working Americans "have fought" to dig themselves out of. No, that path to destruction was set by Bill Clinton and his social housing policies.

The evidence is overwhelming that Clinton was the architect of the financial disaster that wiped out trillions of dollars in household wealth. Under his National Homeownership Strategy, Clinton took more than 100 executive actions to pry bank lending windows wide open.

 

Well, you can take that view, of course. One can always hate it when someone else gets something more easily than you did.

But, the issue has to do with educating Americans. And, cost is a huge factor in that.

I'm OPPOSED to slowing education in America on the grounds that you didn't get paid.

 

many college degrees are fairly worthless. the mechanics at the biggest lexus dealership in Southern Ohio are billed at 175 an hour. I know they aren't paid that but they are making a lot more an hour than many graduates of the local law school. I love that face book meme that has some woman with her degree in French philosophy who looks down on those without college degrees even though she owes 100K in student debt while "Joe" attended a trade school, makes 90K a year for power company, has no debt and just cut off the woman's electricity because she didn't pay her bills. The TGIF diner I used to frequent had lots of girls with "art history" degrees working as waitresses.

 

And Adam thinks that you should pay his debt.

 

some are ok with investing some in our countries children's future, it affects all of us

some prefer spending on two 20+ year wars or bailing out the rich, we all have our priorities

 

agree, maybe colleges should have to offer a guarantee, it thier graduate can not get a job in that field in 10 years, they get a refund

 

The issue is that they can’t get a job because the ones they were probably told they’d have once they enrolled or were halfway through their college career aren’t there by the time they graduate.

 

Sounds like colleges need to provide degrees on fields that are in demand.

 

I agree. They also need to stop giving out so many grants like candy corn. It only raises the cost of education subsequently making students have to borrow more.

 

Again, they were in demand at first but then suddenly weren’t by the time of graduation. A lot of changes, good or bad, happen in the span of 4 or 5 years.

 

Every trial balloon that has ever existed to support Socialism always proclaims that, "it affects all of us". And, inevitably, the next claim is, "It's of benefit to all of us". Is it? What about all of us who never had children? How does spending billions of dollars to pay off college expenses benefit anybody but the students (or their parents)?

If any of us who never had children experience a personal disaster, are somebody else's children going to come riding to our personal rescue? Somehow, I doubt it.