So, let me get this straight …

[Thumper]

… if I worked my ass off to put myself through college … or if my parents worked and saved for years and sacrificed to put my ass through college … why can’t I/they get reimbursed? Isn’t one of the main goals, of a degree, to be able to command a higher salary after entering the workforce? Then why shouldn’t one use that “extra” salary to pay their debts? So, explain to me why one who could not afford a college education and had to enter the workforce at a lower pay grade, deserves to be fucked in the ass? What’s REALLY ironic about this f’ing bullshit is that the common working man with no degree is working and paying taxes so HIS tax money can be handed out to those who borrowed money and feel like they over extended themselves. They get their loans forgiven so they can command higher wages than the working man who put them through school. WTF am I missing here? How ‘bout we use this money to improve our TEACHER’S salaries? Or heck, pay off my motorhome because it’s really tough for me to make those payments! This is so f’d up I could spit! To me, this whole deal reeks of “buying votes” with MY money!

[Hombre]

Giving out the $ doesn't bother me as much as we are doing nothing to solve the problem. College doesn't have to be this expensive. Both of my kids did "running start" in high-school and came out with associates degrees, which saves 1-2 years of college cost. For both of them I paid between $1-2K for their first two years. Why isn't this a standard program across every HS? Also, community colleges are a fraction of the cost. Why do we tell kids they need to go to a major 4 year university? Why not take your first two years living at home? One thing that struck me when I was in Buenos Aries is a lot of adults lived at home until 25-26 while they got their masters. In the US a lot of colleges require kids to live on campus. Why?

Finally - I went to a vocational school, which was about $3K a year and only 2 years. I came out and I was equitable, and sometimes ahead, of where my peers were graduating with a 4 year degree.

I think there is a lot of things that could be done, low hanging fruit, to solve the problem. But, that's not the American way, we prefer to just buy our way out.

[BarryBobPosthole]

I had to pay for my own car, clothes, and lots of other thing from about age 15, when I startedworking on. But my sibs had all of that paid for by my parents. I also did college work study to pay for my college but they didn’t even have to work while they were going to school like I did. Boofucking hoo. Stuff chamges. Ssometimes even for the better. Grow a little thicker skin. You think kids shouldn’t have air conditioning because we didn’t?

And I agree with Hombre about fixing the symptom instead of the problem, but overlooked is another important change he made which is, as long as you make interest payments, it no longer compounds to the principle which does eliminate the issue of people ending up owing much more than they originally borrowed leading to a spiralling hole of debt. That should fix a big part of this.

BKB

[Thumper]

Stuff changes?? So, you borrow money and promise to pay it back, then "stuff changes" ... so MY fucking tax dollars should pay off YOUR fucking loan? Hey, I had two car payments and a mortgage when I ended up in the hospital and couldn't work. Stuff changed. Ummm, guess what? I still had to pay off my god damned loans or lose my cars and house, not to mention credit rating. Man-o-man, I'm trying REALLY hard to avoid politics lately, but I am so frigging pissed off over this Liberal "do what you want and if it doesn't work out, Uncle Deep Pockets will bail you out" .... with MY fucking money. How 'bout you pay off the loans you took out and promised to pay back? Isn't that the way it's supposed to work? I can go with Hombre, if you can't afford a Rolls Royce (major university), buy a frigging used Nissan (community college). No matter what you buy, make your damned car payments. I guess the problem is, if you don't make your car payments, the repo man will show up in your driveway. Once you have your degree, go out and make the big bucks, they can't take it away from you. Bullshit!

[BarryBobPosthole]

That’s like, your opinion man.

BKB

[Chicken Dinner]

Stuff changes?? So, you borrow money and promise to pay it back, then "stuff changes" ... so MY fucking tax dollars should pay off YOUR fucking loan? Hey, I had two car payments and a mortgage when I ended up in the hospital and couldn't work. Stuff changed. Ummm, guess what? I still had to pay off my god damned loans or lose my cars and house, not to mention credit rating. Man-o-man, I'm trying REALLY hard to avoid politics lately, but I am so frigging pissed off over this Liberal "do what you want and if it doesn't work out, Uncle Deep Pockets will bail you out with MY fucking money. How 'bout you pay off the loans you took out and promised to pay back? Isn't that the way it's supposed to work? I can go with Hombre, if you can't afford a Rolls Royce (major university), buy a frigging used Nissan (community college). No matter what you buy, make your damned car payments. I guess the problem is, if you don't make your car payments, the repo man will show up in your driveway. Once you have your degree, go out and make the big bucks, they can't take it away from you. Bullshit!

If you want to be outraged, take a look at all the congressmen whose businesses had PPP loans forgiven.


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[BarryBobPosthole]

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[Thumper]

Granted the whole system stinks from the inside out (there are Democrats on that list also) ... so why don't we just pour more stink juice into the bottomless pit with student loan forgiveness? Like I said, where should the line be drawn?

We have bankruptcy laws. If you borrowed more money to attend college than you're able to pay back, file bankruptcy and start your frigging high-paying career with a bankruptcy and a shithole credit rating. Maybe then, you'll learn how finances work.

[BarryBobPosthole]

The difference is the Democrats on the list voted for it and the R’s on the list all voted against it and publically spoke out against it.
There’s a word for that.

If you want to get into a discussion about wasted money, I’ve got all day. But neither of will feel any better afterwards.

So how’s your Mercedes running, Mr Getty?

BKB

[Chicken Dinner]

Granted the whole system stinks from the inside out (there are Democrats on that list also) ... so why don't we just pour more stink juice into the bottomless pit with student loan forgiveness? Like I said, where should the line be drawn?

We have bankruptcy laws. If you borrowed more money to attend college than you're able to pay back, file bankruptcy and start your frigging high-paying career with a bankruptcy and a shithole credit rating. Maybe then, you'll learn how finances work.

I was trying not to be partisan about it as I agree it’s all BS. But, since you went there, federal student loans are not dischargable in bankruptcy. (Unlike the loans the Velveeta Valdamort walked away from when he declared bankruptcy six times…)


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[Thumper]

CD - I'm simply pointing out principles ... not realities. I'm just making noise because I'm thoroughly pissed off.

BKB - It would purr like a kitten if Uncle Sam would forgive my auto loan.

[Hombre]

I didn't apply so I don't know this for a fact, but did have a discussion with a friend who took out a PPP, and I believe his was forgiven. Weren't PPP loans designed to be forgiven with stipulations on how the $ was spent? If you sign up for a loan and it says you have to pay it back, but not if you do X,Y,Z, then I think that differs from signing up for a loan that says you have to pay it back period. I mean if someone said hey I'm going to lay everyone off and the government comes in and says no you can't do that it will kill the economy here's some money to pay employees, and if you do that we'll forgive the loan...and the proprietor does that what's the issue. Seems like the only issue could be with the government who created the program?

[Bwana]

I agree with what both of you dufes said, Hombre and Thumper.

[Bwana]

I agreed with their first posts, but didn't push send at that time so I am reserving my right to change my mind when I actually get a chance to read the rest of this post. ;-)

[Thumper]

That's ok Bwana, if you make a mistake, Mr. Biden will forgive you.

[BarryBobPosthole]

You’ve been awfully mad, lately Thump. Keeping those stents cleaned out are ya?

When is your big trip by the way? Swing through Oklahoma and I’ll buy you a steak dinner. No bait though.

BKB

[Thumper]

I have an answer for ya' P-hole. Since the last election I got so sick of "news" and politics (read; bullshit from all directions), I swore off watching or listening to the news (other than some local news and weather, etc). I've been a much happier person for a couple of years. SOMEHOW ... I was flipping through the channels the other day and got sucked in to watch what was going on in this country. I heard about the "loan forgiveness program" and it sucked me right in ... then I heard how California is within' a red pubic hair of banning sales of ALL gasoline powered cars by 2030 (good luck with that one!) and I could immediately feel the B/P start rising. I have to get away from that remote and rediscover my happy place, It'll improve my health I'm sure.

Hoping to pull out of the driveway on Sept. 7 with no set return date ... but it should be sometime in late October. I'm ready!

[DeputyDog]

I had to take out student loans when I went back to get my bachelors and then my masters degrees a few years ago knowing full well that I would be responsible to pay them back.

I planned for it and as an option to make the payments more manageable and still be able to live life, I opted for the extended payment plan. The required monthly payment is lower than the standard plan and I know that the offset is paying more interest over the life of the loan, but I also have the option to pay more than the minimum when I start earning more due to me using my degree.

I don’t agree with the decision, but with that being said, I won’t refuse them and insist that they don’t reduce the amount of the loan just like I didn’t send back the “stimulus” checks even though nothing changed financially for us, my wife and I both got the exact same paycheck during the pandemic that we were getting before.


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[Chicken Dinner]

I despise hypocrisy in any form there’s plenty of it going around regardless of your political persuasion. I miss the old days when we could have a good arguscussion and still be friends.


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[DeputyDog]

The hypocrisy is ridiculous. They don’t even try to hide it anymore. They act like we are all stupid and aren’t smart enough to realize what they are doing.


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[quercus alba]

debt.jpg





B5347A2F-E8B0-42BE-8D78-A88B45755D31.jpg

[BarryBobPosthole]

And just fyI, knowing Thumper when I read the title of this post my first thought was that there was a dirty joke involved in some way.

ps…..that’s what she said!

BKB

[Thumper]

Mine has a perfect curve built in … wimmins call it “the g-spot locator”!

[quercus alba]

Hoping to pull out of the driveway on Sept. 7 with no set return date ... but it should be sometime in late October. I'm ready!

I can see the headlines now, "Florida man arrested and charged with animal cruelty when authorities find 300 cats starved to death on property. The stench was horrible says the neighbor that called the law. Officers said the owner of the property had gone on six weeks vacation and only left out 800 lbs of Meow Mix for the animals. We were really expecting it to be one of those crazy cat ladies but it turned out to be an overweight guy that had his mancard revoked years ago. The remaining 259 cats were taken to a local animal shelter."

[Thumper]

Someone needs to biteth me!

[jb]

My oldest Grand Daughter just arrived at the University of Michigan today. She received about 10K in scholarship money for her freshman years, so that helped a little, but a year at Michigan costs $31,500. Michigan has a quarterly payment plan of $7,900, so that's doable with them.
Both her Mom and Dad are Michigan grads, but that was 20+ years ago.
Mom and I footed the bill for two sons 4 years college education, no student loans, no loans for us. #3 son got a full ride scholarship for his BB skills. but that still cost me 20K for a new Jeep Wrangler ( my offer to all 3 boys was I'd buy them a new car if anyone got a full ride scholarship)
Back then a year of college ran about 8K, #2's last year at Michigan finally broke 10K. He was debt free, but took out a $2,500 loan his last semester so him and a few Fraternity Brother could bum around Europe for 6 weeks before they started work. He paid the loan back in 2 years.
We paid for all their college by refinancing our house, back then home prices were going up and interest rates were going down, our 15 year Mortgage payment stayed the same, but just added a few more years to its length.
Back in the 60's when both the wife and I were attending college it was pretty easy to earn a years college expenses with a good summer job. I also had a monthly check from being in the Marine Reserves, and back then there was a program through the Government that let you collect your fathers SS if he was deceased .
All three boys have benefited from a Collage Education along with both my wife and I. It was a very good investment
All three boys married girls with 4 year degrees, and so far all are figuring how to give my remaining 7 grand kids the same opportunity the had.
Oh, Sleepy Joe's decision to cancel some college debt is a terrible idea.

[Arty]

7C469306-27F9-4651-ADCC-12C0C61BAF5F.jpg

I wasnt aware that only Republicans had theirs forgiven…


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[BarryBobPosthole]

Republicans are the only ones who voted against it and then ran out to make sure they got theirs. And then loudly complained about it when someone else got the same thing. Although 10k ispretty paltry compared with what these people got.
BKB

[Hombre]

I still see a gap between signing up to something that says you WILL pay it back and signing something that says there WILL be forgiveness if certain criteria is met.

[Hombre]

And, I still think we need to solve the problem of education being too high. I believe having easy money available through loans created an inflationary environment with colleges. Now we're giving out money, I'm betting the same thing will happen with the forgiveness program. From the time our last kid decided on his college to the time we paid the cost increased 20%.

One thing I think we can all agree on is an educated society is better for us all, whether thats trades or traditional college. We need to find a way to make college accessible to everyone and it shouldn't be a at the cost of paying off a house.