Dad Confronts Warren On Student Loan Forgiveness: ‘Can I Have My Money Back?’

And they want you to pay for it, not them

 

Code for "Give me free ****".

 

It is thus necessary that the individual should finally come to realize that his own ego is of no importance in comparison with the existence of the nation, that the position of the individual is conditioned solely by the interests of the nation as a whole.

~ Adolf Hitler

 

Agreed, I don't want to pay for it, and the state universities in Mass are not like that. They are pretty much ulitierian.
Hell where I went UMASS Dartmouth it looks like the star wars set. all precast concrete even the inside walls are not painted. I just think that the jobs that are out there needs are not met by our high schools, either in the sciences where more education is needed or in technical education where it is not taught in sufficient depth in High school. I think the nation needs a better educated/skilled workforce for our competitiveness. I am in favor of two more years of public schooling and then student loans at the 20 year interest rate for what ever further education the student wishes to obtain.

A 7% interest rate on a gurantteed payback is usury.

 

Home mortgages when Jimmy Carter was president was in the double digits.

 

And under Reagan, my friend in 81 had a 16%,

 

So if we the taxpayer are going to pay for free college, that would not only be tuition, but would have to be living expenses too, correct? So essentially we would be funding someone's entire existence for at least four years? Six years? Ten years? Why would someone ever want to graduate?

A youngster would have to be crazy not to jump on that gravy train. "Screw getting a job, I'll ride this gravy-train for all it is worth!

Okay, so they have to meet admissions to get into college? Well, the admissions department would lower their standards to increase enrollment to gain the maximum amount of government funds. There would be thousands of "colleges" springing up overnight to absorb those who didn't get accepted. Where there is taxpayer money, there will be no end of people trying to get their finger in the pie of corruption.

Craziest damn thing I ever heard of. I am sick and tired of hearing about "free stuff." And I am sick and tired of people who think they deserve other people's earnings.

 

Wages are growing 3% the last two years in a row and the LOWEST incomes are increasing a +5%. When people make more money they buy more things and use credit and their credit limits go up. They buy a little better house, a little better computer or more of them, a better car. Personally I don't use credit except to facilitate online purchasing and most of that is on a debt card. I pay any charges every month. But consumers use and how much they use is a reflection of a good economy.

 

They were 14.5% when I built my house. Variable rate loans were first coming out and we signed one with a 9% intro rate and 2% cap on increases. Fortunately rates began to fall and did so until tens years later we were able to refinance at 4.5% which we late lowered even more NOT TAKING OUT EQUITY and 15 year terms. Went through all the housing bubble saw the appraised value to up, we looked at house during that but could see the prices were highly inflated and blew that off. When house prices collapsed it was actually a good thing for me because my insurance cost and property taxes came back down with it. I'm mortgage free now.

 

People on the left just can't grasp the fact the Democrats just want to feed the monster more and more and more because they also gets LOTS of campaign contributions from academia. That Warren and her husband are multi-millionaires because they taught college courses and now she wants to tax other people's money to pay for more teachers with even higher pay. What a conflict of interest.

 

20% try 50%-60% and yes they would love to get paid to go to college and not work. Instead to plowing money into free college how about BASIC education, let's figure out why teachers of today cannot not meet the success of teachers when I went school where we all got a good education.

 

Yes a lot of what the Democrats candidates are running on is speciously called socialism when it is really economic fascism.

 

No one is suggesting that students "get paid". Their tuition would be paid directly to the institution, much like the GI Bill, not through them individually.

And, I'd love for you to show me proof that upwards of 60% of high school grads are illiterate.

 

Reagan took office Jan 21st 1981.

 

and what does that mean? He was the president was he not? And mortgage rates were in the double digits throughout his 2 terms. I responded to a post that said hitting Carter because he had rates over double digits for the last two years of his presidency, Reagan had them all 8 years.

 

I kind of walked into a good deal myself. The state had a program that vets could get a five year fixed at 5.5 (rates were almost 8% at the time )for the first 5 years then variable. This was in 94. I had mine paid off in 12 1/2 years the last 6 years the rate was like 3%. While others were pulling money out of their house equity I was doubling down with payments. I mad a career move from eng to sales and my income shot up 33% all of which went to the house.

 

It means he inherited a crap economy from Carter. But, he fixed it in 2 years.



Reagan 1981 to 1987 3.5% to 4% mean GDP growth.

 

All it does is punish the most responsible. Most people don’t have 100k in debt they have a cars worth or less of debt which is easily
manageable for any working person and a decent degree. Spend 5 or 6 yrs concentrating on getting rid of the debt. Don’t rent an expensive condo. Don’t sign an expensive lease on a BMW. Don’t buy a new IPhone every year. Manage your ****ing life.

And if you can’t find a job because you majored in Diversity studies or Art History. That’s on YOU. Pay the piper dummy.

Don’t punish all the people, like me who prepaid for both kids college over 10+ yrs to lock in reasonable rates. Back in the 90s I graduated with a decent chunk of loans which took me a number of years to pay off. But I did it by sacrificing. I didn’t take lavish vacations or go out and buy 15$ drinks for girls every Friday. It’s call personal responsibility.

I and others like me who saved and spent wisely their entire lives shouldn’t have to pick up the slack for those who overspend or don’t know how to save or didn’t bother to read wtf they were signing on a loan they shouldn’t have agreed to.

I’m not getting punished for being a good person. And that’s why Democrat’s need to pipe down with this victim hood BS. College loans are YOUR FAULT!!! You can go to cheaper state schools. Online degrees. Trade schools. If you have $100k in debt, riding on a Humanities Degree, you deserve any hardship you’ve got.

 

No **** it was a crap economy. Opec and other factors had the worlds economy in a tailspin. Just like Obama inheriting the mess from bush 30 years later. And you neglect to say that the stimuli that Regan used was to tripe the federal defict from the 74bill in 80 to 221 bill in 5 years. Very similar to Trump stimulation the economy by running trillion dollar deficits. Only now we are running a trill deficit and only have 2% growth.

 

When you fail UTTERLY to factor in human nature, this is the inevitable outcome. There is no possible way it won't be exploited to the max, instantly.

 

Teachers of today can meet those standards. It's the students (and their parents) who have changed.

 

So it won't cover their accommodation and meals, etc? Because it really cannot. Accommodation has nothing to do with tuition.

 

Couldn't have said it better!

 

Reagan inherited the bad economy from Carter.