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Student Loan Blues


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#41 Burncycle360

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Posted 26 January 2020 - 1511 PM

No disagreement, its a slap to the face of the responsible. Corporations that didnt implement shady and unsustainable business practices felt the same way when corporations who did got bailed out.

Edited by Burncycle360, 26 January 2020 - 1512 PM.

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#42 Jeff

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Posted 26 January 2020 - 1735 PM

 

This is how capitalism works, there is a demand for education, so the prices can rise till still enough people can pay. The border, as E5M mentioned, is blurred by loans. Some may get a job and pay back, some is not, and does not able to pay back.

 

As usual, the level of supporting services will suffer.

In this case it is crony capitalism.  Leftist institutions of higher learning have pressed allies in the Federal government to promote and provide cheap money for student loans.  It was quite cynical, really.  The idea was for the cheap money to be washed through student loans to the schools with eventual winners being, not the students, but the administrators and faculty of said schools.  To encourage the banks to underwrite those guaranteed loans, the Federal Government agreed to make it very difficult for loan recipients to discharge their obligations through bankruptcy.  School administrators win, politicians buy votes, banks break even but are seen as good citizens, with the students being the big losers.  It wasn't and isn't capitalism, it was and continues to be a rigged game.

 

 

Liberals are very good at laundering tax dollars through loans, grants and federal funding to their allies to "donate" back to them. In this case, they also get the tax payer to pay for their own children's indoctrination.


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#43 Stargrunt6

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Posted 12 February 2020 - 2048 PM

Trump to end student loan forgiveness.

https://www.forbes.c...orgiveness/amp/

IMO... this is something that seems evul but is actually ensing hypocrisy and waste.


1) people who served under the national health service corps 10-year repayment program found out the hard way that .gov tied those purse strings tight and all but renegged on the deal.

2) Hardly anyone is ready to pay the tax bomb from forgiveness. The large print giveth, the small print taketh away....

https://studentloanh...uits-what-know/

Edited by Stargrunt6, 12 February 2020 - 2052 PM.

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#44 Nobu

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Posted 12 February 2020 - 2305 PM

Bankruptcy on the basis of undue financial hardship may be the next pathway to student loan forgiveness based on recent precedent.set by the Southern District of New York U.S. Bankruptcy Court.


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#45 Mobius

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Posted 12 February 2020 - 2312 PM

 

 

This is how capitalism works, there is a demand for education, so the prices can rise till still enough people can pay. The border, as E5M mentioned, is blurred by loans. Some may get a job and pay back, some is not, and does not able to pay back.

 

As usual, the level of supporting services will suffer.

In this case it is crony capitalism.  Leftist institutions of higher learning have pressed allies in the Federal government to promote and provide cheap money for student loans.  It was quite cynical, really.  The idea was for the cheap money to be washed through student loans to the schools with eventual winners being, not the students, but the administrators and faculty of said schools.  To encourage the banks to underwrite those guaranteed loans, the Federal Government agreed to make it very difficult for loan recipients to discharge their obligations through bankruptcy.  School administrators win, politicians buy votes, banks break even but are seen as good citizens, with the students being the big losers.  It wasn't and isn't capitalism, it was and continues to be a rigged game.

 

 

Liberals are very good at laundering tax dollars through loans, grants and federal funding to their allies to "donate" back to them. In this case, they also get the tax payer to pay for their own children's indoctrination.

 

To take a page out of Nixon's play book the government could impose wage and price controls on Colleges that accept student loan money.   Professors would have to work for a minimum living wage.  You know because higher education is a right so they have to provide it.


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#46 Rick

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Posted 13 February 2020 - 0457 AM

 

 

 

This is how capitalism works, there is a demand for education, so the prices can rise till still enough people can pay. The border, as E5M mentioned, is blurred by loans. Some may get a job and pay back, some is not, and does not able to pay back.

 

As usual, the level of supporting services will suffer.

In this case it is crony capitalism.  Leftist institutions of higher learning have pressed allies in the Federal government to promote and provide cheap money for student loans.  It was quite cynical, really.  The idea was for the cheap money to be washed through student loans to the schools with eventual winners being, not the students, but the administrators and faculty of said schools.  To encourage the banks to underwrite those guaranteed loans, the Federal Government agreed to make it very difficult for loan recipients to discharge their obligations through bankruptcy.  School administrators win, politicians buy votes, banks break even but are seen as good citizens, with the students being the big losers.  It wasn't and isn't capitalism, it was and continues to be a rigged game.

 

 

Liberals are very good at laundering tax dollars through loans, grants and federal funding to their allies to "donate" back to them. In this case, they also get the tax payer to pay for their own children's indoctrination.

 

To take a page out of Nixon's play book the government could impose wage and price controls on Colleges that accept student loan money.   Professors would have to work for a minimum living wage.  You know because higher education is a right so they have to provide it.

 

Excellent idea!


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#47 Stargrunt6

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Posted 13 February 2020 - 1218 PM


 


 


This is how capitalism works, there is a demand for education, so the prices can rise till still enough people can pay. The border, as E5M mentioned, is blurred by loans. Some may get a job and pay back, some is not, and does not able to pay back.
 
As usual, the level of supporting services will suffer.

In this case it is crony capitalism.  Leftist institutions of higher learning have pressed allies in the Federal government to promote and provide cheap money for student loans.  It was quite cynical, really.  The idea was for the cheap money to be washed through student loans to the schools with eventual winners being, not the students, but the administrators and faculty of said schools.  To encourage the banks to underwrite those guaranteed loans, the Federal Government agreed to make it very difficult for loan recipients to discharge their obligations through bankruptcy.  School administrators win, politicians buy votes, banks break even but are seen as good citizens, with the students being the big losers.  It wasn't and isn't capitalism, it was and continues to be a rigged game.
 
 
Liberals are very good at laundering tax dollars through loans, grants and federal funding to their allies to "donate" back to them. In this case, they also get the tax payer to pay for their own children's indoctrination.
 
To take a page out of Nixon's play book the government could impose wage and price controls on Colleges that accept student loan money.   Professors would have to work for a minimum living wage.  You know because higher education is a right so they have to provide it.

The few profs that survives the budget cuts...
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#48 NickM

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Posted 13 February 2020 - 1803 PM

 

 

 

 

This is how capitalism works, there is a demand for education, so the prices can rise till still enough people can pay. The border, as E5M mentioned, is blurred by loans. Some may get a job and pay back, some is not, and does not able to pay back.
 
As usual, the level of supporting services will suffer.

In this case it is crony capitalism.  Leftist institutions of higher learning have pressed allies in the Federal government to promote and provide cheap money for student loans.  It was quite cynical, really.  The idea was for the cheap money to be washed through student loans to the schools with eventual winners being, not the students, but the administrators and faculty of said schools.  To encourage the banks to underwrite those guaranteed loans, the Federal Government agreed to make it very difficult for loan recipients to discharge their obligations through bankruptcy.  School administrators win, politicians buy votes, banks break even but are seen as good citizens, with the students being the big losers.  It wasn't and isn't capitalism, it was and continues to be a rigged game.
 
 
Liberals are very good at laundering tax dollars through loans, grants and federal funding to their allies to "donate" back to them. In this case, they also get the tax payer to pay for their own children's indoctrination.
 
To take a page out of Nixon's play book the government could impose wage and price controls on Colleges that accept student loan money.   Professors would have to work for a minimum living wage.  You know because higher education is a right so they have to provide it.

The few profs that survives the budget cuts...

 

So are you saying we shouldn't garrote them on a stage in the middle of the Quad?


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#49 Jeff

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Posted 13 February 2020 - 1933 PM

If push ever came to shove, you'd have a couple of dozen Deans of Insert-your-favorite-Leftist-cause-here and one poorly paid TA giving a lecture to 20k students.


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#50 Stargrunt6

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Posted 13 February 2020 - 2100 PM

If push ever came to shove, you'd have a couple of dozen Deans of Insert-your-favorite-Leftist-cause-here and one poorly paid TA giving a lecture to 20k students.


The king be the king. What, you only have been a full prof for a few years? F--- your tenure, ho.
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#51 Rick

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Posted 14 February 2020 - 0601 AM

I think the high cost of "Big Ed"(ucation) and low results for useless courses can be a rallying cry for the GOP to some students and their parents. Many minority students get accepted but few graduate with many having a large amount of student loan debt. 


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#52 Stargrunt6

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Posted 17 February 2020 - 1359 PM

Why millenials are broke, explained.

In short, more money for student loans, more money printed, rent goes up:

https://youtu.be/vLfw7GLkEZk
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#53 Ivanhoe

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Posted 17 February 2020 - 1429 PM

If push ever came to shove, you'd have a couple of dozen Deans of Insert-your-favorite-Leftist-cause-here and one poorly paid TA giving a lecture to 20k students.

 

The tragic thing is that, even at serious research unis, an increasing fraction of undergrad (and even some grad) courses are being taught by adjuncts.

 

Leftists are staunchly against the gig economy, except in the one environment where they have 100% control of the economy.


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