College debt~

johnr

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I never had any loans, as 30 years ago my parents had saved and college was $1,500 a semester type of expense.
Now my youngest just enrolled and we are looking at $15,000 a semester. I of course did not save $$120,000 for her, but between her and us it will be paid, and will not be looking for the tax payer to fund it.
 


49994

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The wife and I worked theough college, borrowed as little as possible and pd our loans off years ago and my son will be paying his off doing exactly the same. I think this plan is bs but it's no different than any farmer getting subsidies or taking crop insurance payment. If any of you got a ppp loan you can't say anything either. And stop the vote buying rant because biden sure as hell isn't the first and won't be the last to buy votes, the orange jelly bean tried several times to buy votes

How about the business that could not operate as the government shut them down? Should they have not gotten a PPP loan? I would say that I completely disagree.
 

snow2

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Giving help to our farmer's (cash) is one thing,we as a country need our farmers hard work.these college ppl,why? pointless
 

zoops

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Overarching issue is the price of college is out of control. A friend's kid is going to UND; believe he said it's 24k a year with tuition/room/board/books. Wasn't even 10 when I was there less than 15 years ago. While they continue to build extravagant buildings and student unions.
 


jdinny

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Giving help to our farmer's (cash) is one thing,we as a country need our farmers hard work.these college ppl,why? pointless
cuz Drs who save peoples lives are worthless
your playing with fire putting one man/or womens career and livelihood over another. much like the pandemic created essential and non essential well to each individual person their job is essential.

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govt handouts are govt handouts its pretty shady putting one group over another again i dont agree with it. i wont benefit much from it but just stating this has happened before.....

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if the pandemic hasn't taught our country this were doomed. we need literally every line of work for our country to function from the truck drivers and farmers to the healthcare personnel to the food service. unless we start getting along and appreciating what others do we are fkd
 

lunkerslayer

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hYr8SwPdnNCy.jpg
 

BrokenBackJack

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It doesn't matter now what previous admins have done, that is in the past and many of us have bitched about their spending too.
It clearly is a vote buying scheme but I think he will piss off more voters by doing this as they have paid their own college debts and will be pissed off by Numb Nuts paying these lowlifes loans.
You signed the loan, now man up and pay your debt like many of us have done. Nobody forced you to go to college and many of them got a degree that you can wipe your AZZ with and is totally worthless. But many of them wouldn't work anyways IF they were offered a job.
Next thing they will want a car and a house and and and, courtesy of the Great American Taxpayer.
 

FishFinder97

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A huge slap in the face to those that worked hard to pay off school and start a career, at this point the national debt counter is probably broken.
 
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Obi-Wan

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mine will be paid off sometime in the next decade or so. at 3% interest, i resigned myself to the long haul.

no fucking way should debt just be forgiven. and no reason for me to repeat the dozens of reasons why. i will say this though: if there is one reform that could be done in the student loan department it would be to make them subject to the same bankruptcy laws as most other debt . i've never quite figured out why student loan debt is treated differently in that regard. maybe if the lenders faced the same consequences as every other lender did for making bad loans, we wouldn't see billions in student loans handed out on a yearly basis for soon to be worthless degrees or to people who have little chance of even eventually getting a degree.
Correct me if I'm wrong but Obama became the lender when the crammed the shifty Obama care down our throats
 

snow2

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jd, sadly so many college students today graduate without a phd,seem's the majority of our young college ppl just wander around campus like a social gathering some bail in less than two years with tution debt,other hang on for years,family keeps them afloat financially,now our gov't/tax payers,total bullshit!the rats are in panic mode grabbing at straws to stay in control buying votes.
 

TFX 186

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I've got some experience with this student loan thing. I have 3 children who have gone on to college and taken loans because mom and dad couldn't afford to pay for college and save for retirement as well. One went to undergrad and then on to become a Dr. Another one went to undergrad for about 6 years before graduating. The last one said screw it, not doing 4 years and all that money. Worked and paid for 2 year degree. In my opinion, the high schools need to do a better job of guiding the kids. Quite a few of these kids fresh out of high school wont listen to stupid mom and dad and I think it would be better to get the same message from 2 sides. They are too young and not mature enough to make decisions spending thousands of dollars on college. Once they are in college, they get an (advisor) who works for the college and has the college's best interests first. $$$$ They advise them to go to more and more school. Some kids call BS on it and most follow along because they don't know any better. I think the colleges are just one big MONEY SUCK and are using kids and parents for the money. I believe the higher ed in ND has way to many colleges and no one with enough nuts to streamline the system.
And yes they are paying off their school loans because as they matured, they understand that borrowing means paying back. We lectured and talked about college and loans and money extensively and everyone knows that kids are different and take advise differently. Some....not at all.
.02
Fish On!
 

snow2

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TFX,very well said and I approve of this message,my family went thru the same scenario you just laid out,my folks had us kids putting money in to our college fund since we were in grade school,every friday our school sent bank envolopes home with us kiddo's,stay at home mom,hard working tight ass dad (grew up in the 30's depression era) so he didn't give us kids much money for our college fund or anything else but did the best he could at the time,.50 sometimes .75 to $1.00 every week for college.But as you stated I was the one not taking the advice,ended up drafted (number 13) friends enlisted to avoid nam,they ended up in germany usually for 4 years then college when they came back,not me mr no-it all,n---er rich with a few 100's in my pocket,headed to the mountains to live the ski bum life,as fun as it was,big mistake living pay check to pay check,construction all summer then unenjoyment all winter to chase women and ski every day,the rest is history,shitty jobs making ends meet etc.

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So if it's an ag related degree then the 10k is ok in your opinion

No watson no cash bail out period for these kids,put big boy pants on secure loan then pay it off like most of us.
 


wjschmaltz

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I've got some experience with this student loan thing.

You're right on man. I talk all the time about how incredibly terrible our school counselor was. No one in my family could find the nearest college on a map. We were in a small town and not really much for internet back then. We were at the mercy of the terrible advice given by our extremely out of touch school counselor. At the end of the day it's still on me, but man I wish I had some legit guidance.

As far as I'm concerned, other than maybe taking some baseline general classes, I think most kids should take off 2 years to work, explore, and experiment with different jobs after high school. It would take parenting to hold them accountable to choose a path in a couple of years and get back into school is the problem. My kids are a long ways away, but that's what I would suggest if I had HS kids now. It's insane that we pressure kids with no life experience to choose what they want to do for the rest of their life right out of high school. It's no wonder kids are going to school for 5-6 years for an undergrad only to step into a job they hate. They're changing their mind constantly at that age; and rightfully so, they know absolutely nothing about the real world! I'm 35 with a great job, but I still don't know what I want to be when I grow up! My wife got a general degree at a community college, worked for two years and explored some options, and then decided to go back for a doctorate when she was a little more mature with more life experience. I think that was incredibly smart.

When politicians talk about raising the ages to buy guns and other things, I'm personally all for it. But only if it's across the board. Voting, military, gun purchasing, and other major decisions should all be somewhere in the age of 23-25 IMO. I sure can't look back on my life and convince myself I was thinking through decisions before then and I think most would agree. I'm still a dumbass, but looking back I feel like around 24-25 is when my brain developed a bit and I moved on from complete dumbass. Research agrees almost across the board.
 
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watson

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How about the business that could not operate as the government shut them down? Should they have not gotten a PPP loan? I would say that I completely disagree.

If they pd the loan back after opening back up then they have every right to bitch but if they kept the free money then not
 

Browneye

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The govt should not be involved in student loans at all. The colleges should all have to loan the students the money, they can all afford it. They would then have skin in the game where 18 year old kids go into debt for 100 K or more for a degree that they can't earn any money off of. All this is is a wealth transfer from hard working tax payers to the Colleges.
 

sl1000794

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If they pd the loan back after opening back up then they have every right to bitch but if they kept the free money then not

Maybe not:
The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Donald Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations, and tribal businesses continue paying their workers.The Paycheck Protection Program allows entities to apply for low-interest private loans to pay for their payroll and certain other costs. The amount of a PPP loan is approximately equal to 2.5 times the applicant's average monthly payroll costs. In some cases, an applicant may receive a second draw typically equal to the first. The loan proceeds may be used to cover payroll costs, rent, interest, and utilities. The loan may be partially or fully forgiven if the business keeps its employee counts and employee wages stable. The program is implemented by the U.S. Small Business Administration.
 


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