Do/Did You Have Student Loans?

Discussion in 'The Mainboard' started by Truman, Nov 17, 2020.

?

Student Loans?

  1. No

  2. Yes - 100% Paid off

  3. Yes - I'll be able to pay them off in 2-4 years

  4. Yes - I doubt I will be able to pay them off before Texas is actually back

Results are only viewable after voting.
  1. wes tegg

    wes tegg I'm a Guy's guy, guys.
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    The presumption that there is a decision making process requires a whole lot of privilege. There are a lot of kids who don't have any option -- don't go to school, even with a scholarship, or take out loans you can't afford. Add in the fact that the decision is being made by a 18 year old, and it's unconscionable. Also, there's a difference between handing out a check and forgiving debts owed to the federal government. The "owed" loans aren't being refunded; the government just deletes the line from the balance sheet.
     
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  2. theregionsitter

    theregionsitter Well-Known Member
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    nailed it

    I chose to go out of state, ignoring higher ranked cheaper in state options. I own my debt and my choice
     
  3. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    i'll always enjoy the my life was hard and unfair so everyone else's should be bitterness stances

    even better are the i was completely absolved of these calculations due to privilege but think those that weren't should feel the pain of an oppressive system for not being born lucky
     
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  4. Lawnole23

    Lawnole23 FSU Seminoles 2020 National Champions
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    I agree with helping people pay off loans but this just reminds me of a legal assistant that used to work with me a few years ago. She had a bachelors degree and a masters in accounting. Took out max loans for both. I asked her why she was working as a legal assistant and she just said I'm not sure my husband makes okay money so I don't want to do a hard job. She mentioned she had like $180,000 in student loans. Her explanation for taking out the loans was because she wouldn't have to work if she was in school.

    She had not paid off any of her loans because "I figure the government will pay them off for me eventually." It's frustrating to reward that type of behavior but the people that actually are trying to pay them off need the money.
     
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  5. wes tegg

    wes tegg I'm a Guy's guy, guys.
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    Yours doesn't have to be forgiven, then. Problem solved.
     
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  6. Houndster

    Houndster Well-Known Member
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    No, I worked/had scholarships/had financially savvy parents that sacrificed to pay for mine and my brothers’ educations but I’ll marry into about $50k.

    Make people volunteer and/or take some financial education courses to get them forgiven instead of just wiping them out across the board.
     
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  7. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    the mindset of people "deserving" of aid is so toxic, just an extension of welfare queen rhetoric

    which leads to bank shot policies that are so cumbersome they lose money in administration and don't help half the people that need it
     
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  8. wes tegg

    wes tegg I'm a Guy's guy, guys.
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    So, we should be making teachers volunteer and/or accountants take financial education courses because their parents weren't "financially savvy" enough to pay their way?
     
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  9. electronic

    electronic It’s satire!
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    Even if this is true, and there’s no reason to believe it is, who does this harm?

    The system needs to be fixed at its inputs, yes. But this is a zero harm option that can be done with no effort.
    P
    Sure, it may benefit some upper middle class kids who went to law school and can afford to pay back their loans, but it will also benefit a whole shitload of lower/lower middle class people whose loan payments are barriers to living life.

    Also, the upper middle class folks will have additional money to pay to Amazon and Tesla to trickle down or whatever.

    Seems like a good outcome. MARKETS! folks are happy and so are people who care about helping folks/pushing society forward. Nobody is harmed.
     
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  10. Redav

    Redav One big ocean
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    I really don't understand the incentive to be against something like debt relief other than some cultural grievance
     
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  11. Lyrtch

    Lyrtch My second favorite meat is hamburger
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  12. Houndster

    Houndster Well-Known Member
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    No, they should be doing those so they learn from their mistakes and don’t bury themselves in debt again.
     
  13. electronic

    electronic It’s satire!
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  14. electronic

    electronic It’s satire!
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    How do you learn to have rich parents?
     
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  15. wes tegg

    wes tegg I'm a Guy's guy, guys.
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    The mistake of having poor parents? GTFOH
     
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  16. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    going to college shouldn't be a cost/benefit analysis

    literally everyone should be college educated no matter what job they have, it's good for society

    just make it free and silver spoon morons won't be able to finger wag poor people for being born poor to feel better about themselves.
     
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  17. Redav

    Redav One big ocean
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    Take this class so maybe in the future you can learn to not be poor
     
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  18. wes tegg

    wes tegg I'm a Guy's guy, guys.
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    Worse yet, so you can learn how to not *have been poor.* A lot of people with major student loan debt have good incomes and are making their payments. They just don't get the same benefit from their financial success as those who were born with more.
     
  19. electronic

    electronic It’s satire!
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    Will this class be free? What if the purported student can’t afford it?
     
  20. Marbles

    Marbles Trudging the road to happy destiny
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    I’d love it to cancel. The private school I was at to study medicine kicked me out two months prior to graduation because I had to go to rehab after a tragedy. I’m sitting in 150k student loan debt without the career to pay it.
     
  21. duc15

    duc15 Hey Nong Man
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    what’s this? You think everyone having good critical thinking skills and the ability to dive into topics and do some semblance of research is a benefit to society. Whatever socialist.
     
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  22. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    do we need to post the social mobility numbers for our privileged folks to stop thinking their success is anything but primarily about birth luck and to stop saying poor people ended up that way because of their "mistakes"

    insecure privilege is grotesque
     
  23. Gallant Knight

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    What are the odds that this actually happens? Like 1%?
     
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  24. Homo Erectus

    Homo Erectus The important thing is, you think I'm attractive
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    I know someone who had his son do a paid 2 year electrician apprenticeship. Told him its easier to pay for school if you're making $40k & aren't desperate.

    Give yourself some time to decide what you want vs burdening yourself with debt. The kid now is working as an electrician & going to school part time to become an electrical engineer.

    Seems like a better plan than most imo..shrugs
     
    #224 Homo Erectus, Nov 17, 2020
    Last edited: Nov 17, 2020
  25. War Grundle

    War Grundle Nole Mercy
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    I think there are other factors than cultural grievance. You don’t understand people who decided against taking out huge loans because it wasn’t a good financial decision? My wife stayed in state for law school because it was cheaper even though she would have loved to go to Northwestern or NYU. It made more sense to be financially responsible. She has about $50k left she’s paying off and says she understood what she was doing and while it would be nice she made the decision to take them out.

    Personal responsibility comes into play for those against it. I have 4-5 good friends who are doctors and they have anywhere from $200-$350k in loans but understand it also provided them a life where they can make $275k+ and they don’t think they should have it wiped.

    I get people need to take out loans but there are also people who go to private colleges and major in professions that won’t pay enough to pay off those debts. Whose fault is that?

    There are inexpensive options like community college the first two years and state schools where tuition is no where close to private schools.

    I’m ok with a relief plan for certain individuals who aren’t making over a threshold but lawyers, doctors and people with MBA degrees are making good money and I don’t think should be relieved. Maybe put a cap that up to $50k is relieved but not just a clean wipeout.

    As I mentioned I would have loved to go to Syracuse but didn’t want that debt.
     
    #225 War Grundle, Nov 17, 2020
    Last edited: Nov 17, 2020
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  26. Born Again Lefty

    Born Again Lefty Respect The Pouch
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  27. wes tegg

    wes tegg I'm a Guy's guy, guys.
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    I went to law school in-state because it was considerably cheaper. It sucks that I had to make that decision and I hope my kids don't. :idk:
     
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  28. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    i think the 10k federal debt forgiveness has better odds than that
     
  29. Houndster

    Houndster Well-Known Member
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    My parents were never rich by any sort of metric, they made smart decisions and planned well. Understanding simple personal finance can go a long way
     
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  30. wes tegg

    wes tegg I'm a Guy's guy, guys.
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    So can having two parents who make smart financial decisions. You know that's totally out of the kid's control, right?
     
  31. skeezy

    skeezy what is this? meowschwitz?
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    Zero for undergrad. 300k ish for medical school.
     
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  32. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    it literally can't be over 50k with the mechanism being discussed iirc

    but also the idea that people had to make unfortunate decisions in their lives so they'll be mad if future generations don't have to make those considerations is a bizarre and selfish position that shouldn't be given a second thought. grow up.
     
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  33. Houndster

    Houndster Well-Known Member
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    The mistake of not understanding what they’re signing to repay back
     
  34. Bo Pelinis

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    lol your parents of course
     
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  35. Gallant Knight

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    Hope so but I think a lot of people are going to be disappointed when Biden doesn’t do much
     
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  36. Marbles

    Marbles Trudging the road to happy destiny
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    I sometimes feel like younger people are almost forced into a corporate world instead of building wealth to the cost of student loans and specifically health care cost. I finally turned my life around and worked at a non profit running an out reach program for inner city youth. Had to leave that due to Covid. My student loan debt is something that I just forget about because it’s so overwhelming. I admire people that paid it off. I wasn’t so fortunate but I’m still trying to build a life to where I can one day.
     
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  37. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    wifes in this boat and tbh we'd probably have moved abroad for a while if we didn't have the need for the income physicians get in the US to pay off the loans

    people get real confused how other countries train physicians for free but then their salary is only like 100-150k vs the golden handcuffs situation here
     
  38. lfriend

    lfriend Well-Known Member
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    Debt paid off.

    I'm all for canceling debt, but want to make sure people entering college now or later benefit too.

    Kids today can't even get those fabled part time jobs that pay for everything that boomers like to jack off over.
     
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  39. Bo Pelinis

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    Nothing like having shit handed to you and blaming people who didn’t
     
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  40. wes tegg

    wes tegg I'm a Guy's guy, guys.
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    Plenty of people understood what they were signing, and it was the best financial decision available. The choice of student loan debt and not getting an education isn't really a choice, though.
     
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  41. FadeMe

    FadeMe Well-Known Member
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    Have they laid out details on how it would work and who would qualify?
     
  42. Jesse Palmer

    Jesse Palmer Hair Product & Roses
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    I can barely pay for my gas. Contraceptives are a beautiful thing.
     
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  43. Marbles

    Marbles Trudging the road to happy destiny
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    Couldn’t they just put a moratorium on interest first till they figure out something else.
     
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  44. Tro lo lo

    Tro lo lo You kids must be from the suburbs.
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    The privilege of being born into a family where you had an adult to support you and make "smart decisions" when you were a teenager. But fuck anyone who doesn't understand.
     
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  45. Bo Pelinis

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    FYGM is so dumb. And it’s counter productive. It actively hurts the country having a generation saddled with debt like this.
     
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  46. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    the 10k would be for every federal student loan, no qualifications required

    as it should be, universal policies are the best
     
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  47. FadeMe

    FadeMe Well-Known Member
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    There's currently a freeze on all federal student loans through 12/31/20.
     
  48. Houndster

    Houndster Well-Known Member
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    No shit, where did I say it was? My point is educating the population about making smart financial decisions will benefit everyone.
     
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  49. Houndster

    Houndster Well-Known Member
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    Where did I say that? I want everyone to have that privilege
     
  50. Marbles

    Marbles Trudging the road to happy destiny
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    Right so let Biden just keep the freeze in place for 4 more years. It’s still on the books and not technically forgiven but gives years back to our generation.