Author Topic: lets have some real talk about student loans  (Read 504 times)

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Offline Texacon

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lets have some real talk about student loans
« on: April 24, 2019, 07:05:30 AM »
https://www.democraticunderground.com/100212042958


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demtenjeep (25,533 posts)


lets have some real talk about student loans

 
I am a teacher with a master's degree.

I was a non-trad student. We borrowed money so we didn't have to drive and miss more time with our girl so we took the loans, lived in married student housing.   What does this even mean?

Our vehicle crapped out so we had to get a different care.. The only way we could get a care that would get us to class and back was to buy a vehicle. Student loan paid for that as well.   There's a lot going on here.  Is someone who's claiming a master's degree trying to spell the word CAR or is Pam trying to say something else?  Also, it's nice to see Pam is admitting to how some people see the student loan program.  They bought a car using the student loan program and she's advocating for wiping out student loan debt ... wish someone would give me a 'care'.

20 years later, with two bachelors and a master . Seems like the bill is where it started even after paying on it for 20 years.


with our combined loans we pay over 800 a month. Just think how much that would add to the economy?


I always thought the idea of going to college was to increase one's earning potential.  I've seen people with higher education laugh at those who chose the trades.  The ones who chose the trades came out of the gate making more than those with degrees and had 4 (or more) years of earning to add to their bottom line of life.  Then it was supposed to be those with college degrees would catch up somewhere in the middle, and eventually out earn their tradesman counterparts to finish higher on the scale at the end.  I'm guessing this isn't so much the case and now there are a bunch of folks pissed to find out their degrees are worthless, or they're bitter because someone is expecting them to pay them back for the money borrowed.


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MissB (12,173 posts)

5. God yes.

I think warren’s proposal is to tax the 75,000 richest Americans 2% per year.

It used to be that some rich Americans felt the need to give back to society. That’s fallen by the wayside. I think she’s onto something.

I paid my student loans off over many years. My kids don’t have loans - merit scholarships cover all or most of the costs - and I still feel like loan forgiveness will have a generational effect for not just millennials.

If millennials aren’t buying houses and are delaying marriage/kids, then eventually we will need to open the borders to bring in enough workers to take care of all the old folks.


Most still give a lot of money, but I'll bet if you go back and look at historical tax rates you'll find a pretty good correlation between tax rate hikes on the 'wealthy' and a decrease in charitable giving.  Basically, if you're going to take it from me to give to someone else, why should I give the same rate I was before.  Government theft sucks for more than one reason.


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Joe941 (1,376 posts)

10. Socialism is the answer my friend.


Nilla, please.  What the hell is wrong with these people?  They all want something for nothing.  TANSTAAFL!!

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Offline Texacon

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Re: lets have some real talk about student loans
« Reply #1 on: April 24, 2019, 07:15:29 AM »
And if Pam is telling the truth ... their student loan payments are over $190,000.00 at this point.  I call BS.

KC
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Offline FlaGator

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Re: lets have some real talk about student loans
« Reply #2 on: April 24, 2019, 08:02:51 AM »
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Joe941 (1,376 posts)

10. Give me free stuff is the answer my friend.

Fixed
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Offline 67 Rover

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Re: lets have some real talk about student loans
« Reply #3 on: April 24, 2019, 08:52:48 AM »
Quote
demtenjeep (25,533 posts)


lets have some real talk about student loans

 
I am a teacher with a master's degree.

I was a non-trad student. We borrowed money so we didn't have to drive and miss more time with our girl so we took the loans, lived in married student housing.   What does this even mean?

Our vehicle crapped out so we had to get a different care.. The only way we could get a care that would get us to class and back was to buy a vehicle. Student loan paid for that as well.   There's a lot going on here.  Is someone who's claiming a master's degree trying to spell the word CAR or is Pam trying to say something else?  Also, it's nice to see Pam is admitting to how some people see the student loan program.  They bought a car using the student loan program and she's advocating for wiping out student loan debt ... wish someone would give me a 'care'.

20 years later, with two bachelors and a master . Seems like the bill is where it started even after paying on it for 20 years.


with our combined loans we pay over 800 a month. Just think how much that would add to the economy?

Is this wet fart asking me to pay for her car?  I worked my way through college and had no debt but I am expected to pay for others?  :mad:
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Online SVPete

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Re: lets have some real talk about student loans
« Reply #4 on: April 24, 2019, 09:08:35 AM »
I think I can translate some of this:

Quote
We borrowed money so we didn't have to drive and miss more time with our girl so we took the loans, lived in married student housing.

Pam and BF were so horny he got her pregnant and married her instead of handing her a check to pay half of the charge for an abortion. Or maybe they just got married without the pregnancy. At any rate, Pam and hubby chose to get married and chose to have a child a child while both were still in college. And rather than finding cheaper housing with one of the two parental units, Pam and hubby spent quite a bit of money above their tuition and books for the college's student housing (and board?). Their "income"? Plus or minus a part-time job or two, they dumped the cost of all their choices - getting married while in college, having a child while in college, expensive student housing instead of more or less free housing with family - into their student loans.

Quote
Our vehicle crapped out so we had to get a different care.. The only way we could get a care that would get us to class and back was to buy a vehicle. Student loan paid for that as well.

An event common in life, a car breaking down and being beyond economical repair compounded Pam and hubby's unwise choices. Instead of riding a bicycle, taking the bus, and catching rides with friends, or getting help from family Pam and hubby chose to make their situation worse by buying a car and dumping that cost into their student loan.

I suspect much more not necessary stuff got dumped into their student loans.

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Seems like the bill is where it started even after paying on it for 20 years.

 ::)  :thatsright: Gee! Paying just the interest as it accrues or maybe a very little more results in the loans being paid down super slowly? Who'd athunk it?! Pam must've been out doing drugs or a BF during the weeks when her Math class covered compound interest. :thatsright:  ::)

Pam and hubby chose not to pay down their loans aggressively. But they found the $$ for at least one cruise, as evidenced by a pic of herself Pam posted to FB. And probably many more similar choices in which $$ that could have paid down their student loans went to other unnecessary stuff. Making unwise $$ choices is not illegal or immoral, but Pam is not owning her and hubby's lack of wisdom.

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with our combined loans we pay over 800 a month. Just think how much that would add to the economy?

 ::) Pam seems to be dumb enough to think that the money disappears rather than being plowed back into the economy by whoever hold her and hubby's loans. ::)
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Re: lets have some real talk about student loans
« Reply #5 on: April 24, 2019, 09:19:21 AM »
Is this wet fart asking me to pay for her car?  I worked my way through college and had no debt but I am expected to pay for others?  :mad:

Of the 6 members of my immediate family, I'm the only one I know had a student loan. I don't know about my beloved DIL, but she and my son are not making student loan payments. So either she financed her UC Berkeley education without a loan, or she paid it off quite a few years ago. Mine was paid off over four decades ago. My son, daughters, and wife financed or are financing their college educations without student loans.

A big change to the student loan program, made in the 70s IIRC, was that students could borrow $$ above the cost of their tuition and books. My loans were tuition and books only. Pam and hubby threw in their student housing (and board?), their new-to-them car, and God knows what else (Pampers? Boozy parties?  :stoner: ? Bail and fines from bar-hopping-gone-wrong? Spring break trip?)
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Offline DumbAss Tanker

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Re: lets have some real talk about student loans
« Reply #6 on: April 24, 2019, 09:30:32 AM »
And if Pam is telling the truth ... their student loan payments are over $190,000.00 at this point.  I call BS.

KC

Pretty sure TILA existed when they borrowed, the disclosure would have told them what the payments would be to make forward progress.  My guess is that they may have 'Paid' for 20 years but not up to the scheduled minimums (Piling compounded interest back into the balance due) and probably with some periods of abeyance for things like that Masters degree.  Loading it up with living expenses like a 'Care' payment only poured gas on the cash flow shortfall.

She's the author of her own problem but far be it from any DUmmtard to actually take personal responsibility for their own bad decisions.
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Offline Texacon

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Re: lets have some real talk about student loans
« Reply #7 on: April 24, 2019, 09:47:32 AM »
I think we all know Pam has done a very piss poor job of managing her life as well as her finances.  This from another student loan thread;


Quote
demtenjeep (25,533 posts)

33. As someone who still has SL this would be a great boost to our discretionary spending

We have been paying on them for 20 years but it seems like the balance never goes down.


Tomorrow, I have to call a number -I got three messages saying my SL was included in the navient/Sallie Mae mess and I could get reduced or even forgiven.

That would allow me to spend more on things we would like to have.

https://www.democraticunderground.com/100212040490#post33


At least she was honest here ... she admits she would like to spend 'more' on things they would like to have instead of saying she would like to 'buy' things they would like to have.

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Offline BadCat

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Re: lets have some real talk about student loans
« Reply #8 on: April 24, 2019, 10:00:19 AM »
As a person who worked his way through undergrad and got out without any debt, tell me poopypants....WHY THE **** SHOULD I HAVE TO PAY FOR YOUR STUPID DECISIONS???????????
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Offline Texacon

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Re: lets have some real talk about student loans
« Reply #9 on: April 24, 2019, 10:23:03 AM »
Here's a dumb argument.


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NYMinute (101 posts)

13. I think your loans should not be forgiven

but the interest on them reduced to the federal discount rate.

This way, more of your payment (and past payments) would pay down the principal and you'll be debt free sooner.

Forgiving the loans would be a slap in the face to those who lived frugally, delayed starting a family and held several jobs to become debt free.

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radical noodle (5,837 posts)

15. That's like saying

free (or subsidized) childcare would be a slap in the face to those of us who paid our childcare ourselves. How do we ever move forward on anything if we worry those who didn't have those benefits previously?

I grant you, there is some unfairness to everything progressive when it comes to those who've suffered in the past.


Man I wish some of these idiots would bring this dumb stuff over here.

radical noodle, do you not understand that you go to college to make yourself more marketable and to increase your earning potential?  So no, these things do not equate.  Nor do the stupid arguments equating this to welfare, or SNAP, or any other government handout.

These people are spending 4 years + of their lives thinking they will be making more money due to their sacrifice.  Why should I pay for that?  I don't have any college debt because I chose a different career path.

KC
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Re: lets have some real talk about student loans
« Reply #10 on: April 24, 2019, 10:56:54 AM »
I think we all know Pam has done a very piss poor job of managing her life as well as her finances.  This from another student loan thread;
...
At least she was honest here ... she admits she would like to spend 'more' on things they would like to have instead of saying she would like to 'buy' things they would like to have.

KC

Yep, she acknowledged that she and hubby have not been serious about paying down their debt. Unsurprisingly.
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Offline fatboy

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Re: lets have some real talk about student loans
« Reply #11 on: April 24, 2019, 10:58:46 AM »
I think what Pam really wants is some real talk about the high cost of some righteous bud.

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Offline zeitgeist

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Re: lets have some real talk about student loans
« Reply #12 on: April 24, 2019, 01:28:45 PM »
Is this wet fart asking me to pay for her car?  I worked my way through college and had no debt but I am expected to pay for others?  :mad:

Reparations.  You should be eligible for tuition reparations as should I.  Then too, I had ancestors who came as indentured servants so I should get a double helpin. :-*   :rotf:
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Offline Wineslob

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Re: lets have some real talk about student loans
« Reply #13 on: April 24, 2019, 01:48:27 PM »
Quote
20 years later, with two bachelors and a master

Teachers on average make more than I do, and I'm not "hurting".


Total B.S. and just looking for more cred.
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Re: lets have some real talk about student loans
« Reply #14 on: April 24, 2019, 02:24:48 PM »
Once again, the low-performers are looking to stiff someone else with the bill. 

I like the idea promoted by the venerable Instapundit that if a student loan goes into default that the educational institution be required to pay back one half of the money they received while making the student liable for the entire amount that they borrowed.  Giving the institution some "skin in the game" would make them look twice at who they are admitting and the courses of studies that are approved. 
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Offline Will Morningstar

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Re: lets have some real talk about student loans
« Reply #15 on: April 24, 2019, 02:33:51 PM »

"... if a student loan goes into default that the educational institution be required to pay back one half of the money they received while making the student liable for the entire amount that they borrowed.  Giving the institution some "skin in the game" would make them look twice at who they are admitting and the courses of studies that are approved.

Actually, that's a pretty good idea, M2.

Offline DLR Pyro

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Re: lets have some real talk about student loans
« Reply #16 on: April 24, 2019, 02:45:31 PM »
It is often said that if something is earned, it is appreciated more than if something is given to you.  Forcing students to be accountable for their student loan debt should encourage them to use the money to get an education that will allow them to succeed and pay off the loan. 

If future students know they won't have to pay for their college education, many of the slackers (DUmmies) will take meaningless courses and basically jack off during their entire college career.
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Re: lets have some real talk about student loans
« Reply #17 on: April 24, 2019, 02:58:51 PM »
...
I like the idea promoted by the venerable Instapundit that if a student loan goes into default that the educational institution be required to pay back one half of the money they received while making the student liable for the entire amount that they borrowed.  Giving the institution some "skin in the game" would make them look twice at who they are admitting and the courses of studies that are approved.

Glenn Reynolds is a Law professor at the University of Tennessee, BTW.
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Re: lets have some real talk about student loans
« Reply #18 on: April 24, 2019, 03:45:33 PM »
Glenn Reynolds is a Law professor at the University of Tennessee, BTW.

Yup.  He's one smart cookie.
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Offline freedumb2003b

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Re: lets have some real talk about student loans
« Reply #19 on: April 24, 2019, 04:40:17 PM »
Next up, Mortgage Relief (again, really).

I mean, think of all the cool stuff we could buy if we didn't have that darn mortgage payment.  And it seems to go on FOREVER!!

(As for those of us who paid our mortgages off -- we who plan and work hard can jut get screwed).
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Offline Old n Grumpy

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Re: lets have some real talk about student loans
« Reply #20 on: April 25, 2019, 04:21:38 PM »
It must really be heart breaking to discover that the degree in lezbonics you spent $50,000.00 dollars and several years working for is useless! :rotf: :rotf: :rotf: :rotf: :lmao: :lmao: :lmao:
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Offline zeitgeist

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Re: lets have some real talk about student loans
« Reply #21 on: April 25, 2019, 04:48:40 PM »
It must really be heart breaking to discover that the degree in lezbonics you spent $50,000.00 dollars and several years working for is useless! :rotf: :rotf: :rotf: :rotf: :lmao: :lmao: :lmao:
  But, but, butt, at long last relief is in sight.  UCLA has finally embraced a course which can guarantee its students a course that can put tax free cash in their G-string.  Finally.  A proven way to pay down that high college debt.  (and reduce those who might be a bit chunky)

https://www.campusreform.org/?ID=12146




 :rotf:

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Offline landofconfusion80

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Re: lets have some real talk about student loans
« Reply #22 on: April 25, 2019, 05:39:07 PM »
 

You, yes, you can be a Patron of the Arts.   :drunksailor:    :-)
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20. absolute bullshit. the cave is unspeakably vile.

I don't know how any of you can live with yourselves.

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Offline YupItsMe

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Re: lets have some real talk about student loans
« Reply #23 on: April 26, 2019, 01:46:07 PM »
kind of curious where Demetjeep at it's partner are sending their $800.00/mo where it's not helping the economy.  Are they addressing their envelopes to the moon? 

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Re: lets have some real talk about student loans
« Reply #24 on: April 26, 2019, 02:17:24 PM »
Facts don't matter to DUpipo

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