Ann CoulterVerified account@AnnCoulter 2h2 hours ago
- Why is college the only over-priced product that's not blamed on the seller? MY VUITTON BAGS, GERMAN CAR AND STARBUCKS COFFEES COST TOO MUCH! DO SOMETHING, ELIZABETH WARREN!https://twitter.com/thehill/status/1143504364167995394…
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The HillVerified account@thehill
Rep. Alexandria Ocasio-Cortez: "It was literally easier for me to become the youngest woman in American history elected to Congress than it is to pay off my student loan debt." pic.twitter.com/75f7qsArjq - 436 replies 298 retweets 1,229 likes
Elizabeth Warren promises to cancel most student loan debt
- Thread starter UsualName
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How about we address the cost of college in the first place, and then have a very long discussion why high school teachers and counselors are pushing every single kid towards college when they know damn well most are never going to graduate. Not that I don't like your idea of renegotiation, but that's a second discussion after we address the need and cost to begin with.
TITS UP!!!
Nothing like a bit of self-dealing for congress to get on board with stupid.
https://www.breitbart.com/politics/...bt-canceled-because-i-have-student-loans-too/
While making remarks in support of Sanders’ sweeping bill to cancel $1.6 trillion in student loan debt, Ocasio-Cortez discussed her “personal stake” in the fight. She wants to make the bill a reality, in part, because she has outstanding student loans.
“I will be completely honest. I will disclose my personal stake in this fight because I have student loans too,” she said Monday. “And I think it’s so funny. A year ago, I was waiting tables in a restaurant.”
Nothing like a bit of self-dealing for congress to get on board with stupid.
https://www.breitbart.com/politics/...bt-canceled-because-i-have-student-loans-too/
While making remarks in support of Sanders’ sweeping bill to cancel $1.6 trillion in student loan debt, Ocasio-Cortez discussed her “personal stake” in the fight. She wants to make the bill a reality, in part, because she has outstanding student loans.
“I will be completely honest. I will disclose my personal stake in this fight because I have student loans too,” she said Monday. “And I think it’s so funny. A year ago, I was waiting tables in a restaurant.”
Colleges are private institutions (excluding state ones). How is the government going to tell colleges what they should be charging. That is why you have to address it through the borrowers and educated themn better on loans. If you cnanot afford to go to Harvard and Harvard is not giving you any scholarships or aid, go to another school.
Well if they can afford trillions for a rich parachute then it would be a better investment to spend billions on middle class parachute
Because the government, ie taxpayers, are effectively paying for it. This is doubly true if some sort of student loan forgiveness is passed. Just like with medicare.
Instead of forgiving the loans, I would prefer to see class action lawyers go after the universities for misleading students into borrowing money they can't pay back to pursue worthless majors.
I think we need some sort of solution to this problem, because it is holding back our economy. Any solution however has to involve universities paying much of the cost and being on the hook themselves for any future student loans.
The ideal solution would be the withdraw any government involvement in the student loan business and treat these loans just like any other, ie dischargeable in bankruptcy. That would have the immediate effect of forcing universities to adjust their outrageous fees to levels ordinary students could afford and would put a premium on getting degrees in useful subjects.
Nobody puts a gun to the head of anyone and forces them to be an American Lit major, how about we put responsibility on the people truly at fault, the borrower.
Also, student loans are offered by 3rd parties mostly, the school gets paid and you owe mone to Sallie Mae or Norwest or one of these other servicers. You should look up how this works. I borrowed money that was paid to my school so defaulting on the loan or bankruptcy does nothing to a school that already got paid 5 years ago.
Exactly. I'm not saying the government should dictate to the schools what their tuition should be. I'm proposing that the lending institutions put a cap on what they'll loan, a cap which is far less than the current limits. If someone wants to pay more, then it's entirely on them. I know that the number one argument will be this will limit post secondary education to the wealthy. My counter to that would be that after seeing the size of their student body shrink by 75% these intuitions would lower the cost.
And again, we must also address why every single kid is being pushed towards college right out of high school. Well over half of those kids never get so much as an associates degree, and they are the ones who are really burdened with loan debt.
Just hard to implement because you apply for financial aid beforfe you enter college, most people don't declare until Sophmore year. I understand your point but it will be too hard to make that a reality because you are asking a lending institution to make you declare your major summer before college before they decide to approve your needs based loan. then it is not a needs based loan it is a "We will decide what you study loan".
Key is to increase the flexibility. If someone is crippled by $1,000 a month for 10 years, make it $500 a month for 15 years or wokr with the person who will increase earning potential. Interest forgiveness is nothing new like what credit cards do to get paid on most of it. Most will pay it off,a few whose Age of Cathedrals thesis got them no where will need to declare bankruptcy but it will cleanse them and help them start again. will hopefully incentivize next crop to pick smarter.
But let's face it. this all comes down to personal responsibility.
A parent decided to send their kid to Stanford and was ok with them getting low level degree good for maybe only teaching. If they got student loans well the parents supported and they should be on the hook somehow. May are getting student loans because parents cannot afford to pay outright but stills upport their kid getting a useless degree.
If a brilliant kid of a single mother gets a high SAT scores and applies to Stanford and cannot afford it, well how about Stanford using those billion dollar endowments to provide financial aid to attract best and brightest instead of throwing money at sports most don't give a shit about and prepares the athletes for nothing. A low income person deserves more of a shot at Stanford then some spoiled rich rower who coudl have afforded the school anyway.
There is also always the route of community college for 2 years or JUCO and earn straight As and look to get transferred into the big schools. The goal is not to pledge fraternities as a freshman, it is to get an education needed to be productive and a good earner.
Schools have plenty of endowments to help students but they spend it on stupid shit.
Key is to increase the flexibility. If someone is crippled by $1,000 a month for 10 years, make it $500 a month for 15 years or wokr with the person who will increase earning potential. Interest forgiveness is nothing new like what credit cards do to get paid on most of it. Most will pay it off,a few whose Age of Cathedrals thesis got them no where will need to declare bankruptcy but it will cleanse them and help them start again. will hopefully incentivize next crop to pick smarter.
But let's face it. this all comes down to personal responsibility.
A parent decided to send their kid to Stanford and was ok with them getting low level degree good for maybe only teaching. If they got student loans well the parents supported and they should be on the hook somehow. May are getting student loans because parents cannot afford to pay outright but stills upport their kid getting a useless degree.
If a brilliant kid of a single mother gets a high SAT scores and applies to Stanford and cannot afford it, well how about Stanford using those billion dollar endowments to provide financial aid to attract best and brightest instead of throwing money at sports most don't give a shit about and prepares the athletes for nothing. A low income person deserves more of a shot at Stanford then some spoiled rich rower who coudl have afforded the school anyway.
There is also always the route of community college for 2 years or JUCO and earn straight As and look to get transferred into the big schools. The goal is not to pledge fraternities as a freshman, it is to get an education needed to be productive and a good earner.
Schools have plenty of endowments to help students but they spend it on stupid shit.