Pat Riot Posted November 29, 2023 Share Posted November 29, 2023 I see Father Christmas of the Toppling Christmas Tree just forgave 813,000 Federal Student Loans. This could cost taxpayers more than $400 Billion per the Congressional Budget Office. I am all for people getting and education and I am all for giving people loans with reasonable interest rates, but this sends another message of “See, we don’t have to abide by contracts. We just whine and cry long enough and the government will step in and take care of it…Sure, I am going to vote for that party.” Link to comment Share on other sites More sharing options...
J-BAR #18287 Posted November 29, 2023 Share Posted November 29, 2023 Yes. Paid them off before our eldest child graduated from high school. The interest rate on my loan was 3% so we kinda stretched it out a bit. Link to comment Share on other sites More sharing options...
Michigan Slim Posted November 29, 2023 Share Posted November 29, 2023 I got a factory job right out of high school. They paid all my schooling costs. My son learned a trade. I paid what wasn't covered out of pocket. My daughter is going to Purdue for an engineering degree, compliments of her employer! Screw student loans. Link to comment Share on other sites More sharing options...
Eyesa Horg Posted November 29, 2023 Share Posted November 29, 2023 Nope, couldn't afford college. Had no idea at the time that I could just whine and govt. would pay it off. I'm so damn sick of paying for everyone else's education. Can barely afford my property taxes due to education taxes I pay to teach children that they can and should change their gender. Link to comment Share on other sites More sharing options...
bgavin Posted November 29, 2023 Share Posted November 29, 2023 Never had any student loans. Neither did my last R.N. going through college, nursing school, then finally through her B.S.N. Link to comment Share on other sites More sharing options...
Trailrider #896 Posted November 29, 2023 Share Posted November 29, 2023 "Re-paid" up front driving around central Montana in a blue truck for a few years. I do get a pair of free hearing aides and some batteries from the VA. Link to comment Share on other sites More sharing options...
Capt. R. Hugh Kidnme Posted November 29, 2023 Share Posted November 29, 2023 Yes. Also, my wife. And, both of our children have too. It's not that hard if you're unafraid of work. Link to comment Share on other sites More sharing options...
Dantankerous Posted November 29, 2023 Share Posted November 29, 2023 When I went my tuition cost a whopping $545 the first semester. What loans? Lol Link to comment Share on other sites More sharing options...
Marshal Mo Hare, SASS #45984 Posted November 29, 2023 Share Posted November 29, 2023 Yeah, all $700 for the first of nine years. Link to comment Share on other sites More sharing options...
Tex Jones, SASS 2263 Posted November 29, 2023 Share Posted November 29, 2023 I think college cost me a total of $4,000 back in 1964. Paid cash for each semester. Link to comment Share on other sites More sharing options...
Bingo Montana Posted November 29, 2023 Share Posted November 29, 2023 Graduated from the School of Hard Knocks, nothing to repay. Link to comment Share on other sites More sharing options...
Marshal Dan Troop 70448 Posted November 29, 2023 Share Posted November 29, 2023 Worked nights at the AO Smith Bomb Plant in Waco, TX while going to Baylor. No loan, paid as I went, cash. Link to comment Share on other sites More sharing options...
Chantry Posted November 29, 2023 Share Posted November 29, 2023 No loans and I chose a second tier state level university and lived at home. My Grandmother invested my Grandfather's life insurance money wisely and that is what paid for me tuition. IIRC tuition, fees and books were about $1000 per semester and I paid for the books. Just looked, a bit over 30 years later tuition & fees is $6190 per semester. Using my handy, dandy inflation calculator, that $1000 as of 1990 would be $2354 in 2023 dollars. Too many professors getting paid stupid money to teach and probably too many other paid employees that don't teach. Also too many unnecessary required courses that have nothing to do with the major a student selects. Link to comment Share on other sites More sharing options...
Tell Sackett SASS 18436 Posted November 29, 2023 Share Posted November 29, 2023 41 minutes ago, Bingo Montana said: Graduated from the School of Hard Knocks, nothing to repay. Ditto!! Link to comment Share on other sites More sharing options...
The Original Lumpy Gritz Posted November 29, 2023 Share Posted November 29, 2023 Never had one. The city I worked for paid for my school, and then gave me a 11% pay raise after I received my B.S. in Poly-Sci. Link to comment Share on other sites More sharing options...
PowderRiverCowboy Posted November 29, 2023 Share Posted November 29, 2023 Yep paid for my car and any college with blood ( combat pay) Link to comment Share on other sites More sharing options...
Pat Riot Posted November 29, 2023 Author Share Posted November 29, 2023 I did not go to college. I waited a year after high school graduation and joined the Navy. I graduated at 17. I got all the technical training I needed to keep me employed from 22 to 62 when I retired. I never went to college. But I do pay my taxes so d’bag political people can misuse my hard earned dollars on BS social programs like above. Link to comment Share on other sites More sharing options...
Gungadin Posted November 29, 2023 Share Posted November 29, 2023 Paid mine as I went... Look at this for what it is. 1) Buying votes with the taxpayers $. 2) Subsidy to liberal academia The whole thing reeks. You signed the loan, you owe it. Oh you didn't understand? See there is the problem, you were not college material to start with. See these stupid kids are pushed into college, the college helps them get the loan, college gets its $$$$. Kids figure out that after 4 years they owe $100k or more. Maybe they graduate maybe they don't. First year is often learning that should have been covered in public school that we already paid for. Oh and then lots of these stupid kids get a degree in something useless (unmarketable). I thought about not be offensive and giving my opinion of degrees that are largely a waste of money. I put 'largely' there so that those of you with that degree that have succeeded can not be offended: Women's Studies African American Studies Kinesiology Parks and Recreation Psychology Any other major that over 10% of D1 football players are taking Yea, I feel bad for the kids but they signed on the dotted line. And we know nobody will say the college took advantage of them..... Link to comment Share on other sites More sharing options...
Smokin Gator SASS #29736 Posted November 29, 2023 Share Posted November 29, 2023 I went to college for a while but had no idea what I wanted to do and never graduated. But I was not stupid enough to take out loans and then buy stereos and things like many I knew that did. Link to comment Share on other sites More sharing options...
Pat Riot Posted November 29, 2023 Author Share Posted November 29, 2023 4 minutes ago, Gungadin said: Look at this for what it is. 1) Buying votes with the taxpayers $. 2) Subsidy to liberal academia Absolutely Link to comment Share on other sites More sharing options...
Dirty Dan Dawkins Posted November 29, 2023 Share Posted November 29, 2023 $400 billion my ass. The money to pull this off does not exist. It has to be created out of thin air and the cost of inflation created by this gets ignored. Hell, our debts are so bad the government can’t successfully auction bonds anymore, so we print more fake dollars to buy our own debts previously purchased with previously printed fake dollars. What investor wants meager, or even negative returns, from bonds in 10,20,30 years out when it’s obvious that inflation and the rate at which the US dollar will continue to devalue is undefined and is of no concern to too many Republicans or Democrats now or in the near and distant future? The benefactors of these grants will pay more in their lifetime through inflation, against their income, caused by this fiat money being printed out of thin air, then used to pay off these university debts, than if they self funded their education in the first place. (Yes I know, these universities have already been paid up front. I’m simplifying matters to make a point). But most of these recipients are too ignorant to recognize that… Link to comment Share on other sites More sharing options...
sassnetguy50 Posted November 29, 2023 Share Posted November 29, 2023 Never had school loans. Worked overtime year round, doubles in the summer and paid each semester. Talked to a girl recently who owes a $130k student loan debt. That bought a nice acreage when I graduated. Link to comment Share on other sites More sharing options...
Cyrus Cassidy #45437 Posted November 29, 2023 Share Posted November 29, 2023 I signed on the dotted line. That's how I paid for school. Link to comment Share on other sites More sharing options...
Gungadin Posted November 29, 2023 Share Posted November 29, 2023 30 minutes ago, sassnetguy50 said: Never had school loans. Worked overtime year round, doubles in the summer and paid each semester. Talked to a girl recently who owes a $130k student loan debt. That bought a nice acreage when I graduated. And she owes more than her annual pay that the degree got her. Odds are more than twice her annual pay. But boy did the kids have fun drinking and smoking the bong for 4 years...... Hell, it is rare for these kids to graduate in 4 years and they probably average over one change of major. Link to comment Share on other sites More sharing options...
Henry T Harrison Posted November 29, 2023 Share Posted November 29, 2023 It took me until I was 31 to pay off mine and no I didn’t party or do drugs. I’m still broke after putting my son through college but it was worth it, Link to comment Share on other sites More sharing options...
Yul Lose Posted November 29, 2023 Share Posted November 29, 2023 My wife has a nephew that is in his 14th year of college with no plans to ever finish. His folks are stoopid enough to keep footing the bill for all of his expenses that he can’t get financing for. Link to comment Share on other sites More sharing options...
Loophole LaRue, SASS #51438 Posted November 29, 2023 Share Posted November 29, 2023 My wife and I attended the same private college for undergrad, and both worked year-round to pay our tuition as incurred. No loan balances after graduation. I went on to law school, and ended up needing a loan the last semester; the price of tuition was accelerating faster than any jobs we had. Still, we paid them off within 2 years of graduation. The big difference is the artificially inflated cost of college. My freshman year tuition (1970-71) was about $1200; you could earn enough over the summer to pay that bill and still cover some living and commuting expenses. Today, that same school charges $45,000 per year. How does a kid earn that much while still in school? My High School guidance counselor suggested, based on aptitude testing, that I become a plumber; maybe I should have listened. LL Link to comment Share on other sites More sharing options...
Cypress Sun Posted November 29, 2023 Share Posted November 29, 2023 Nope, never had any loan. Went to work in the electrical trade, guess I paid for that with blood, sweat and skin. I don't appreciate being forced to pay (in a roundabout way) for someone else's "higher" education either. Link to comment Share on other sites More sharing options...
Eyesa Horg Posted November 29, 2023 Share Posted November 29, 2023 Next we'll be paying for Tommy's Denali truck and mansion cuz he didn't know he couldn't pay for them. They signed the loan, pay the damn loan and shut the $#&@ up Link to comment Share on other sites More sharing options...
Eyesa Horg Posted November 29, 2023 Share Posted November 29, 2023 3 minutes ago, Cypress Sun said: Nope, never had any loan. Went to work in the electrical trade, guess I paid for that with blood, sweat and skin. I don't appreciate being forced to pay (in a roundabout way) for someone else's "higher" education either. I went into electronics, TV & radio repair out of high school. Which led to working for Ma Bell for 27 years. 4 of the guys that worked me had psychology degrees, but got dirty at the phone company making twice what their degree would have had there been any jobs available! They did use that education to try and drive me crazy however. But hey, good on Sniffy for teaching yet more young people that you don't have to be responsible for your decisions or commitments. Link to comment Share on other sites More sharing options...
El Chapo Posted November 29, 2023 Share Posted November 29, 2023 5 hours ago, Pat Riot said: I see Father Christmas of the Toppling Christmas Tree just forgave 813,000 Federal Student Loans. This could cost taxpayers more than $400 Billion per the Congressional Budget Office. I am all for people getting and education and I am all for giving people loans with reasonable interest rates, but this sends another message of “See, we don’t have to abide by contracts. We just whine and cry long enough and the government will step in and take care of it…Sure, I am going to vote for that party.” I don't know where you got the idea that the loans are "contracts" like any other kind of debt. A great deal of these loans were forgiven on the Public Service Loan Forgiveness or on the provision of the law that all student loans are forgiven after 20 or 25 years. Those provisions were passed by Congress a long time ago, and they were always part of the "deal" struck by borrowers with the government for the loans. The loans are not like a car loan where you are told what the payment will be and the terms up front. Student loans are totally different in that these conditions of potential forgiveness/discharge are built in to the terms from the very beginning. For example, all federal student loans are discharged if you become "totally and permanently disabled." The suggestion that these things "cost" the taxpayers anything is also misleading. The government owns these debts and expects repayment of some of them. But unlike a home mortgage or a car note, there exist many legal reasons why the loans may not have ever been repaid. As such, the "cost" was the government loaning the money under those terms in the first place. That the person exercises their right under a statute (Like PLSF, or disability, or after 25 years) to discharge the debt is part of the terms of the loan. It's not as if it's a new cost to forgive the loan when the government agreed up front to forgive the loan if you satisfy its conditions. Link to comment Share on other sites More sharing options...
Forty Rod SASS 3935 Posted November 29, 2023 Share Posted November 29, 2023 I worked my way through college most of the time. My parents would front me some that I always paid back within a month or two except for $5.000 my senior year. I was commissioned a 2LT in the Army and paid them back in the first five months I was in. My wife didn't get back to college until she was 55 and we paid that out of pocket. My daughter went Carnegie Mellon on a near 100% scholarship and worked at several jobs. We paid her living expenses and she reimbursed us in about five years. Link to comment Share on other sites More sharing options...
Eyesa Horg Posted November 29, 2023 Share Posted November 29, 2023 It's still BS in my book. Maybe they should pay back all the honest hard working folks that paid off their loans and just hand people like me a 100K because I didn't know it was just a hand out after 25 years . Pure BS. Link to comment Share on other sites More sharing options...
MizPete Posted November 29, 2023 Share Posted November 29, 2023 I went to work to pay for BabyGirl's parochial education, then a degree for all 3 of us. No debt. Link to comment Share on other sites More sharing options...
Grumpy Old Man Posted November 29, 2023 Share Posted November 29, 2023 I had some loans. Paid all back after 2 year delay playing Army. Also worked all thru 7 quarters I went for some of my expenses. Link to comment Share on other sites More sharing options...
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