About Student Loan Forgiveness...

I'm pretty sure they are told what the interest rate is. I'm pretty sure the students say "so how much will I owe"? To assume there are zero questions asked and they just sign stuff without looking is not believable to me. All the more reason these idiots should not get one red cent!

 

Good thing that wasn't happening.

 

they can't drink, gamble, etc... should they be able to get a loan that can never be bk'd if they have financial issues - rump bk'd a few businesses did he not

 

yep, those that refused to get their vaccinations which could affect deployments, many vaccines are required

 

Everyone who has a lone forgiven should have to pay income taxes on the remaining principal.

 

Actually there is. Troops can't be forced to take experimental vaccines.

 

The people who got checks had to pay taxes on them.

 

That’s the thing, a lot of these kids are NOT told these things at all and you can blame all the older people for failing to mention this to them, among other things also not mentioned, like how your major going into college might not have the jobs you want available by the time you get out because the economy is awful. And besides, what 18-year old fresh out of high school is asking about interest rates on anything?

 

Taxpayers already footed the bill when they loaned them the money 10 years or more ago. It is already baked into the national debt. ICR programs have been the norm since 1994. Many of these loans were never going to be fully repaid ever anyway with or without Joe Biden. You can demand colleges lower their prices if you want, but most of them are state funded and part of the reason tuition has ballooned is because state funding has not kept up with inflation.

 

Aid to Israel is less than 20 minutes of US government spending over the course of a year.

Public Education and Health are the two most wasteful expenditures we have. In 2019 (even before COVID) ZERO graduating high school seniors in Baltimore scored proficient or above in Mathematics. That isn't 0%, but ZERO STUDENTS out of over 23,000. Since that time they STILL attain this dubious honor. And now Chicago has replicated the feat last year. And Chicago is a much much larger school system. I think it is about 60,000 students.

To score below proficient you have to be in the bottom 20% of those taking the test AT THAT TIME. In other words, in order to conceal the failures of public education, they compare scores not from year-to-year, but across the same year. The tests have been dumbed down over the years. There have been some who wade through the statistics attempting to compare PE today to past scores. Suffice it to say, the results achieved by the PE system are almost completely worthless. In spite of spending hundreds and hundreds of BILLIONS per year on PE the total value provided is likely in the range of a few tens of millions. 98% of the money spent on PE is completely wasted. To score above proficient one would only need to be able to add or multiply two 1-digit numbers and be able to tell time on an analog clock. Basically, you have to be able to read the question. Subtraction and division aren't even required and the test is multiple choice. Educating public school students isn't even the objective of the Department of Education or the Teacher's Union. Sure, they would like for the students to score well, but never at the expense of the bureaucrats in the DOE or the Teacher's Union. DOE and the Teacher's union's goals are the DOE and the Teacher's union... PERIOD.

An example is the following:

What is 9 + 7? Multiple choice options are -5, 16, 97, the hilarious ALL OF THE ABOVE, and none of the above. 28% of graduating high school seniors in Baltimore were able to answer this question correctly.

As for Healthcare, there is no need to even point out the glaring failures. It would be difficult to design a less efficient use of our nations wealth. It was designed to be just that on purchase by the Obama administration.

 

The answer is not to pay off student loans using taxpayer money.

Let students sue class action their college and K 12.

You know. The american way.

 

You really don't know what your final interest rate will be until you consolidate your loans after you are done into a single payment. It has been as low as 2.75% and as high as 6.8% since 2008. It tended to be in the 6-8% range in the 1990's.

 

I completely understand that Utopia is not an option. I completely understand that on the best day government is incredibly wasteful. It's not the amount of $ we give Israel that bothers me, it is that Israel controls the federal government and many state governments.

 

I don't see that as holding true. Israel has no control of the US internally. They are a strong ally, but separate and sovereign. Likewise, the US has little control of Israel internally. Our relationship with Israel is based on friendship, mutual trust and respect. We listen to each others concerns and opinions. But in the end Israel does what it believes in its own best interests, as do we.

 

Yep you have to have a place to live you don't hage to have a college degree. So which should the government payoff?

 

In a perfect world, I’d prefer both. Most people would prefer both.

 

Its wonderful that we can all agree, a college degree and a home are both desireable.

The issue seems to be paying for these two most expensive things.

My question is, given how important they are, and how expensive they are, why would anyone even consider getting taxpayers to foot the bill?

Have we so lost our independence and pride of accomplishment?

 

I’d say people would place their survival and well being above all else.

 

No we don't. Our taxes pay for it. How else do you think teachers and school administrators are paid???

 

Ok.

But seriously, why would anyone even consider having the rest of us pay for ones college or housing?

 

Housing, no. But the student loan issue is a bit different because for one, colleges are way too expensive in the first place. Plus IIRC not all the money paid by the loans goes to the benefit of the college in question.

 

So you want other taxpayers to pay for your college because its expensive.
Amazing.

 

I don’t want y’all to pay for it because it’s expensive, even though tax money is going to them anyway regardless of this. I just want forgiveness and relief, so do a lot of other people in a way that doesn’t burden other folks.

 

You only get one, which is more important people having roofs over their heads or college degrees?

 

Well how do you propose that. Heck everyone wants relief for all sorts of things. I want relief for the cost of my musical instruments can the government send me a check?