One trillion in student loans...... Forgiving of student loans is the number 1 voiced Occupy demand. Despite loan terms being voluntary.........and clearly spelled out....... Against a bailout for corporations and banks....yet advocate a bailout for student loans. More socializing losses while privatizing gains.......the very same swindle that is harming the economy and taxpayers now. It explains the disproportionate number of students as some of the rallies. [ame="http://www.youtube.com/watch?v=ZPZZ5o1nY2M"]Number One Occupy Demand?[/ame]
Of course. Simply default on your loans.......... That'll show 'em. What part of the terms did the silly fools not understand when they signed for those loans?
How much was your student loan. and how long after university did you pay it off? I didn't have a student loan.. my dad paid for the whole shebang.. CASH. but my kids had student loans.. They paid them off in 6, 8 and 9 years respectively.. but they also got jobs.
The problem is that college is too expensive. What should we be asking is what is the root of the problem? Why exactly is college so expensive? What can we do to bring the costs down so its more affordable? And what can be done to help those buried in debt currently?
Unemployment for college grads is under 5%. But for OWS types, I am sure its like ........ 10 times higher, regardless of economy. College educated parasites are still ..... well ........ moochers in waiting.
Student debt = slavery? I guess my first question to this woman would be "why did you sell yourself into slavery?"
LOL Now where would the silly fools get an anti-American notion like that? There are no free lunches and nowhere is a job guaranteed to anyone who goes to University. How is it that 99% of people who have gone to college, and took out loans understand that simple truth?
Whenever the government subsidises something you get more of it. In this case student loans, when you have more demand for college costs are obviously going to go up. That is the root of the problem...that this even needs to be explained to people is amazing to me.
No loans........ mine was a GI Bill. In return for certain services rendered at a particular time in our history. As it was, I worked the entire time to have basic necessities. I do have many friends and family who did take out loans...... most also had to work part time. That however is irrelevant and has absolutely nothing to do with a minority seeking a free ride for something they signed up for. How much is your mortgage and how long after purchase did you pay it off? How much is your car loan and how long did it take to pay it off? How much is your credit card debt? Silly logic.
A couple of years ago I did a lot of work for Foreign Medical graduates.. It costs about 300k to go the medical school in the US and that's if you eat ramen noodles alot.. The average textbook "used" may cost $135 dollars. Yet, the same textbook in soft cover will cost less than $50 anywhere else in the world. And in India, Pakistan, Kuwait, Cuba, South America, the Caribbean etc a medical school education will cost less than 50K.. I know, I know.. but the kicker is this.. if the can master English and its idioms.. they score very high on the EFCMG and get slots in US residency programs.
There's that word Expected. Yep, that's the problem. This takes me back to the 80s when I met a couple from the Soviet Union. The first big hurdle they had to overcome was when they learned that companies don't just call you with a job. You actually have to send out resumes, go to interviews, get references, etc. Perhaps these OWS'ers think they're living in a Communist country.
The demand for ethnic, cultural, and gender studies, personal fitness, and music majors just ain't what it used be. Oh well, maybe they should have studied something more practical.
Gee, why haven't the big, deliberate, strategic corporate bankruptices of the last three decades been a problem? Something is only BAD when REGULAR PEOPLE do it, its fine for the wealthy? I am intimately familiar with the corporate bankruptcy default scenario from losing $200,000 from that exact strategy from someone who "bought" my company but didn't wish to pay for it. http://www.pbs.org/wgbh/pages/frontline/retirement/world/bankruptcy.html
I'm having trouble following your train of thought here. What has it to do with one of the top demands by the occupy movement? What has it to do with forgiving almost 1 trillion in student loans? Because one bad deserves more bad? I don't buy it.
Perhaps if they had a (*)(*)(*)(*)ing job when they were in school they wouldn't be in this position. Better yet, go occupy the ivory towers of the Universities and ask them why the (*)(*)(*)(*) they charged so much. These morons think that the slip of lambskin they got for wasting thousands of dollars would guarantee them anything? They're 4 or more years behind their non-college peers and in no position to make up those years in real-life experience.
Yeah, everything is too expensive for me also. What can be done to bring the cost of energy, housing and food down. They keep saying there is no inflation...that's not the way I see it. Why should we bail out students??? They know what they signed when they signed it. Getting a job is tough for everyone not just them.
One key point...look at professors perks, travel and transportation allowances. The money they (*)(*)(*)(*) away is outrageous.
Education is a bubble just like housing was, caused by exactly the same problem. No one would loan a student $200,000 to earn degree in women's studies without government intervention. Just like no one would loan $600,000 to someone making $50k a year to buy a house without pressure from government. Any time you divorce the cost of money (cost being the ease of securing a low interest rate loan) from the good it's purchased with, you drive up the cost. That's why education keeps going up and up and up while the value of an education is decreasing. It's not good for the student either to ease them into such a bad investment. Everyone is getting $%&$&. The students are screwed and the tax payers are getting screwed. End federal student loans. How completely stupid is our society to keep making the same mistake we just did with housing with education?
Absolutely. We know it's coming......and yet the Obama, to pander the youth vote, is promising to make it even easier to default.....
I think students should have to pay only 15 percent of their income towards repaying their debt if their income is less than 35000 USD, and only 9 percent if their income is less than 20000 USD. If students borrowed money in the hope that a university education would get them a decent paying job, it seems unfair to put such heavy burdens on them when their degree turned out to be useless. The mistake was lending them so much money to begin with. Education is not the solution to lifting people out of poverty. Thinking it is is an example of the fallacy of composition- what is true for an individual is not necessarily true of a larger group of individuals.
