In my family that is known as the You spilt, I choose doctrine. It's so ingrained that when one of my relatives died, one of his sons spilt the estate into equal parts, another one checked it and the third heir got to be first to choose. The one who split it got what was left. Everyone was satisfied and there were no unseemly complaints of unfairness. Perhaps we're Swedish? No we don't eat weird fish.
Anyone who thinks Biden can do an EO to cancel student loans missed what happened at SCOTUS yesterday.Guess what folks, on a federal level most progressive stuff will be DOA.I wonder if Nina Turner, Susan Saradon etc. still think talk of SCOTUS was blackmail?
For decades, Texas oil money made tuition at state universities just pathetically cheap. My ex husband was able to pay for his master's degree debt free, too. Eighties.
Pell Grants and state grants paid for my four-year degree at the local commuter college. The fact that that kind of deal isn't available to *everyone* is what pisses me off.
I’m very familiar with the student loan debate, with one side arguing “I paid off MY loans/I didn’t take out loans,” and the other side arguing that their student loans will keep them in debt forever/are hurting the economy. The former group are usually of an older generation when higher education wasn’t so damned expensive (see especially how public universities have been defunded over time), or they have privileged backgrounds to help pay for their education. The latter group are fed up because they can’t buy homes, start families, etc. with their their student loans hanging around their necks.
If I may, can I suggest a compromise?
The major problem, it seems to me, is not so much the principal but the interest due. I’ve read I don’t know how many stories about people paying 4X or more the amount of their original loan in interest. So, why don’t we eliminate the interest rate or drop it down to a negligible amount, like .01%?
1. Not sure whether an act of Congress is required to reduce the interest rate, but this seems like something that could be handled at the executive/administrative level. 2. Repayment of the principal resolves the “no fair” argument. 3. Repayment of the principal also means that students still have some “skin in the game” as far as their higher education. 4. Eliminating/drastically reducing the interest rate means students can get the benefits of higher education with spending decades of their lives paying off their loans. 5. Per IRS rules, reducing the interest rate shouldn’t trigger the provision on having to pay taxes on “forgiven debt” (at least I don’t think so, but the regulations could be modified as needed.
Just a thought, but I think it’s deserving of more discussion.
It's my twist on a traditional Irish blessing.
Totally right. They are throwing "nickels around like they're manhole covers". SMH
Yep, it’s like when Qwest changed their name to Century Link, because the company had spoiled the Qwest branding so badly
We actually got 18 months free phone service in a class action settlement from Qwest because they ducked up so badly
They will most likely contract Anthrax.
His screen name is indeed based on that.
https://uploads.disquscdn.c...
In my family that is known as the You spilt, I choose doctrine. It's so ingrained that when one of my relatives died, one of his sons spilt the estate into equal parts, another one checked it and the third heir got to be first to choose. The one who split it got what was left. Everyone was satisfied and there were no unseemly complaints of unfairness. Perhaps we're Swedish? No we don't eat weird fish.
*shrug* Okay.
Anyone who thinks Biden can do an EO to cancel student loans missed what happened at SCOTUS yesterday.Guess what folks, on a federal level most progressive stuff will be DOA.I wonder if Nina Turner, Susan Saradon etc. still think talk of SCOTUS was blackmail?
Frankly, is any school nowadays really non-profit?
A for-profit business:charges clients more and more. Check.pays upper management more and more. Check.finds ways to cut pay to employees. Check.
I've had the occasional student taking my class who wasn't majoring in computer science, but retired and just having fun. Always enjoyed having them.
For decades, Texas oil money made tuition at state universities just pathetically cheap. My ex husband was able to pay for his master's degree debt free, too. Eighties.
Pell Grants and state grants paid for my four-year degree at the local commuter college. The fact that that kind of deal isn't available to *everyone* is what pisses me off.
Guess their GoFundMe hasn't racked up quite the total they were hoping for huh.
You too?
I mean - wasn't that always the case?
I’m very familiar with the student loan debate, with one side arguing “I paid off MY loans/I didn’t take out loans,” and the other side arguing that their student loans will keep them in debt forever/are hurting the economy. The former group are usually of an older generation when higher education wasn’t so damned expensive (see especially how public universities have been defunded over time), or they have privileged backgrounds to help pay for their education. The latter group are fed up because they can’t buy homes, start families, etc. with their their student loans hanging around their necks.
If I may, can I suggest a compromise?
The major problem, it seems to me, is not so much the principal but the interest due. I’ve read I don’t know how many stories about people paying 4X or more the amount of their original loan in interest. So, why don’t we eliminate the interest rate or drop it down to a negligible amount, like .01%?
1. Not sure whether an act of Congress is required to reduce the interest rate, but this seems like something that could be handled at the executive/administrative level. 2. Repayment of the principal resolves the “no fair” argument. 3. Repayment of the principal also means that students still have some “skin in the game” as far as their higher education. 4. Eliminating/drastically reducing the interest rate means students can get the benefits of higher education with spending decades of their lives paying off their loans. 5. Per IRS rules, reducing the interest rate shouldn’t trigger the provision on having to pay taxes on “forgiven debt” (at least I don’t think so, but the regulations could be modified as needed.
Just a thought, but I think it’s deserving of more discussion.