Student Loans??

[Chuck Naill]

How many Republicans here have student loans?

[Cookedj]

Why does it have to be Republican or Democrat? I work with plenty of teachers with student loans.

[Bold2013]

I’m independent (but occasionally vote R) and just paid off my massive student loans

[Chuck Naill]

Republicans show no interest in loan forgiveness.

[Bold2013]

If they do then they are not conservative

[Cookedj]

Republicans show no interest in loan forgiveness.

I don't think there should be, and I'm more libertarian.

[Chuck Naill]

Republicans show no interest in loan forgiveness.

I don't think there should be, and I'm more libertarian.
I’m more practical. Everyone benefits if more are educated.

[Bold2013]

If education based on truth/logic/reason sure thing (but still the government shouldn’t pay).

[Chuck Naill]

We benefit from affordable, not going in debt, for education

[Cookedj]

Having been the old man in school, I noticed the majority of young students not caring about classes their parents are paying for, or the loans they had to take out. It wasn't real to them. Not like me paying $2k per semester out of my pocket. I also looked ahead at what job my degree could get me, and adjusted accordingly. Some degrees at big universities aren't worth the paper they're printed on because there aren't jobs associated with it. JMHO.

[Chuck Naill]

I was fortunate to able to pay cash for my children’s tuition.

[dneal]

Overall I don't agree with the concept of student loans, as the consequences of having them can be severely negative deep into adult life. There must be a better approach.

The problem with students loans in America is one more example of good intentions without considering the consequences. The quick version is that money was made available to people who otherwise couldn't afford a college education, so the federal government "guarantees" loans; leading to more liberal criteria for loaning money. Note that it is near impossible to cancel student loan debt through bankruptcy proceedings (a law change in the last decade), causing one to wonder why lawmakers did that. Perhaps to prevent the government from being on the hook for the loans they guaranteed? As an aside, an evil republican from Texas proposed being able to do that (include student loans in bankruptcy as part of the "Fresh Start" Act) this past August... but I digress.

Anyway, with money much more freely available universities strangely have increased their tuition and fees. Now, because of competition for those dollars, universities increase recreational facilities and opportunities; turning many universities into near resorts. So an American 19 year-old can rack up hundreds of thousands of dollars of student loan debt while they party and enjoy spas, water parks (I'm not kidding) and other "amenities" and leave said university with a degree (like gender studies) that will never hope to repay said debt. So now politicians (particularly the progressive ones) want to just erase that debt. "Cancel" it. But it's the taxpayer who would ultimately pay that bill.

64983

[neomahauck]

My friends often take out student loans, but they always do it at risk. I tried to explain to them what the principle is to choose a credit company, but they did not understand where you can find a list of the best. Then, I had to share with them my little secret kviklanet.dk (https://kviklanet.dk/laan-penge/), which lists the best credit companies. There you can find a suitable loan for everyone, depending on the conditions and financial capacities of the client. Now they take the best loans available on the market. Have you ever thought about how much money we lose on interest because we choose the wrong loans?

[Chuck Naill]

Student financing is a crime.
Education should be affordable for the benefit of all.

[forsythan]

The main advantage of an educational loan over an ordinary loan is that the bank provides a grace period for studying at the university and finding a job. The financial product is designed to grow the loan load gradually. It remains comfortable for the borrower to even at the beginning of his career. The borrower will have to repay the principal amount of the loan after they have obtained an education and obtained a job. Among educational loans, the most profitable now is a loan with state support. The interest rate on it is 0.5%. Only the interest on the loan is charged during your studies (up to five years) and during the job search (nine months after graduation). For loans, go here hurtigudbetaling.dk (https://hurtigudbetaling.dk/).

[Chuck Naill]

Colleges raised tuition, I am sure, because of the availability of loans. I watched the local university grow in wealth including land and buildings while raising tuition at a tax payers supported institution. There has to be some balance and social responsibility for citizens to gain an education without having to pay student loans until they retire.

And, when the football coach is the highest paid state employee, that's just wrong.

[graceshen]

Hey there! I hope you're doing well today. I just wanted to chime in and say that I'm a Republican who also has student loans. It's not an easy thing to carry, but I know I'm not alone in this. I'm currently in the process of trying to become a phlebotomist, and I found this great resource at https://www.exploremedicalcareers.com/phlebotomist/ that has been super helpful in guiding me towards my goal. It's got loads of information on the field, training programs, and job outlook. I'd definitely recommend checking it out if you're interested in the medical field or if you're just exploring your options. Best of luck to all of you with student loans, and here's to a brighter future!

[Chip]

Above post reported as SPAM.

Starting college, I was fortunate in having quite a lot of savings from my work during high school and also the support of my parents. Later, when I parted ways with my father over my opposition to the Vietnam war, I had to alternate my education with work, most often in low-paid jobs in local veg canneries, sugar factories, etc. I'd work a while and save enough for another term, so it took me eight years to get a BA.

But I graduated without any loan debt.

[Bluezewoo]

Many people across different political beliefs have student loans, and it's a common issue affecting many people in the US. In fact, according to recent data, over 43 million Americans have student loan debt. It's important to focus on finding solutions to help ease the burden of student loan debt, regardless of political affiliation. If you're struggling with student loan debt, it may be helpful to seek advice from a financial expert, such as a mortgage broker in Chester (https://liverpoolmoneyman.com/mortgage-broker-chester/), who can provide guidance on managing your finances and possibly finding ways to lower your student loan payments.

[joannejones]

I stumbled upon this thread from a couple of years ago discussing student loans. It's an important topic that affects individuals from all political backgrounds. If you're a Republican dealing with student loans, know that you're not alone.
Managing student loans can be a daunting task, but there are resources available to help navigate the process. One option to consider is reaching out to a Mortgage Broker in Bath (https://bristolmoneyman.com/mortgage-broker-bath/). They specialize in financial matters and can provide expert advice on managing student loans.
Remember, financial assistance is available, and there are various strategies to explore when it comes to repaying student loans. Don't hesitate to reach out to professionals who can guide you through the process and help you make informed decisions.

[dneal]

“…[T]he universities, they should be responsible for defaulted student loan debt. If you produce somebody that can't pay it back, that's on you."

"I don't want ANYONE to have to be deep in debt just to get a college degree!"

DeSantis in South Carolina. He’s got a point.

[TSherbs]

No surprise here:

https://www.nbcnews.com/politics/supreme-court/supreme-court-rule-bidens-student-loan-forgiveness-plan-friday-rcna76874

[bunnspecial]

I've been around higher ed my entire professional life, part of that time at BigState U and now at little community college. My time at BigState was half as a grad student(which almost feels like a staff roll at least in the hard sciences abd generally will also have teaching responsibilities) and half that time as support staff for teaching and research plus occasional adjunct work. I'm now full time faculty.

At least at the big schools and not so big private schools, I see higher ed as a fundamentally broken system. Student loans unfortunately are part of that problem and from my perspective a big part of the problem, as they are basically printing money for the schools who receive them. They have basically let schools print money, and tuition has been outpacing inflation dramatically for years now.

The question, then, is where is all of that money going? One would think that it would translate to higher salaries for faculty and staff, but generally it doesn't. What it has done is increase administrative bloat an in general salaries of big high level administrators. There are jokes among faculty(not really at my school, but at other places) about how every time you turn around they've created a new associate dean position or some other administrative position. Also, every campus you visit(or at least every 4 year campus) will likely have multiple construction projects going on at a time, but rarely are they things that directly benefit the academic mission of the school. No longer is a tile floored room with two beds, two dressers, and two desks good enough for students. Now they need a full suite with a kitchen, and of course you'd better have a pool on the roof of the building too(seriously-at the big state school where I worked, one of the newest dorms had that). A dining hall with a couple of tasty and nutritious but basic options isn't good enough-now you need full gourmet dining and 20 different choices. No longer is a basic gym for students to lift weights, run on a treadmill, or play a pickup basketball game good enough-now they need a facility rivaling an Olympic training center.

When they do build a new academic building, they never actually bother to talk to the people who will be using the teaching spaces about what they need to make it functional, but instead it's just show off how fancy it is and of course have the obligatory Starbucks on every floor. They did build a new building in my last year or two at my previous school, but unfortunately they spent too much on the student lounges to actually install lab benches that didn't look like crap after a semester of use(unlike our 40 year old ones in the Chemistry building that mostly still looked brand new) and of course no one uses whiteboards anymore so why bother installing them in the classrooms?

Where am I going with all of this rambling? What schools are selling now is not the education but the "experience." They want students to think they're attending a resort for 4 years and not a place to get an education. Unfortunately too for those of us on the ground, it's increasingly led to students thinking of themselves as customers who "paid for" a certain grade in the course, and the professors job is to give them the grade they paid for. A professor's job should be to facilitate the students' learning and understanding of the material, assess that understanding fairly, and then assign a grade based on what that assessment reflects. Now, students think just putting forth the effort(coming to class, doing the assignments) should "earn" them an A. It's an even more toxic environment when you try to incorporate pedagogical frameworks like active learning into the material, as too many students perceive even some of the more benign efforts at doing this as "I'm paying to teach myself this material".

Am I in favor of loan forgiveness? Considering that I'm a year and a half of away from being eligible for PSLF, and fully intend to use it, I can't exactly say I'm opposed to it.

With that said, I was NOT in favor of this round proposed loan forgiveness. It's not the principle of it, but I took issue with the execution. Wiping out $10K(or $20K) fixed or helped a lot of people who had graduated, but forgiveness in isolation to me is not a solution. Any loan discharge needs to be part of a bro. ader reform of how the entire higher education funding lending and funding system works, as $10K in forgiveness now did absolutely nothing to address the borrowers still taking out loans or entering college. I don't know what the fix looks like, but the fact that loan forgiveness even needs to be a topic of discussion tells me that the problem is far bigger than the loans themselves. Don't just discharge current loans-keep the current round of borrowers from getting in the situation where we'll be having this same conversation in 5, 10, 20 years...

[Chuck Naill]

It is in the world's best interest to have an educated citizenry.

[haroldawerben]

Forgiving student loans is not fair. People have to be responsible for what they agree to.

I owned a logistics business, and like many entrepreneurs, I had loans to pay off too. No one forgave a cent of my debt. In 2021, I faced bankruptcy, and let me tell you, no creditor was lining up to reduce my amounts owed. But instead of waiting for a bailout, I took responsibility, worked hard, and sought assistance where I could.

I worked with a lawyer from the bankruptcy law center (https://www.bankruptcyattorneys.org), which helped me to become debt-free by negotiating the debts with my creditors and also helped me manage my finances. Everyone's situation is unique, but I believe in taking ownership of one's financial responsibilities, just as I did with my business.

[Chuck Naill]

The availability of student loans enabled universities to raise tuition. Americans have a stake in making a college education available to more than just those who can afford to pay cash or those with the talent to excel academically or athletically.

Starting a business is different from obtaining an education.

[724Seney]

The availability of student loans enabled universities to raise tuition. Americans have a stake in making a college education available to more than just those who can afford to pay cash or those with the talent to excel academically or athletically.

Starting a business is different from obtaining an education.

Very true.
When you start a business you actually learn a lot of really valuable things. And, gain many lifelong skills.
Unlike many of majors currently offered by four year colleges and universities. Total worthless bullshit. They accomplish nothing but making someone woke and feeling entitled.

[MaxDailies]

The issue of student loan debt is a complex one. It's great to see people advocating for more accessible education. If you ever have questions or concerns about student loans, or if you're looking for financial advice on any other topic, consider reaching out to a Mortgage Broker in Wolverhampton (https://birminghammoneyman.com/mortgage-broker-wolverhampton/). They can provide valuable insights on various financial matters. Let's hope for a future where education is more affordable for everyone!

[TSherbs]

Wisconsin passes bill to end race, gender, ethnicity in financial aid decisions:

https://apnews.com/article/university-wisconsin-diversity-funding-assembly-3713ff1ce8c59e6513475b56733ea398

[kazoolaw]

The availability of student loans enabled universities to raise tuition. Americans have a stake in making a college education available to more than just those who can afford to pay cash or those with the talent to excel academically or athletically.

Starting a business is different from obtaining an education.

And raising tuition allowed for the hiring of waves of administrators and non-academic programs.
The concept of fiscal responsibility at the college level is minimized by reliance on funding from legislatures which also specialize in spending other people’s money.

[dneal]

They never tell those poor children that the only way to escape those loans is to pay them back or die.

They are "guaranteed" only in that one may not discharge them through bankruptcy proceedings. The interest will happily compound into the principle.

How generous the politicians were with these "federally guaranteed" programs.

[IceOneBro]

It's worth noting that these "federally guaranteed" programs were intended to make education accessible, but they can have lasting financial consequences. As individuals navigate their post-graduation lives, managing student loan debt can be a challenging task.

[Doomax]

Hey, @dneal. You're absolutely right, the world of student loans can be overwhelming and unforgiving. It's essential for students to understand the long-term commitment they're making when taking out these loans. Unfortunately, bankruptcy won't wipe them away, and interest can indeed add up significantly.
Speaking of financial matters, if you're in Swansea and considering a mortgage, it's wise to seek professional guidance. A Mortgage Broker in Swansea (https://cardiffmoneyman.com/mortgage-broker-swansea/) can help you navigate the complexities and find the best mortgage options tailored to your needs.

[Skyderz]

Embark on a journey to unravel the complexities of the Pay As You Earn (PAYE) Plan with this comprehensive guide. Gain clarity on the eligibility criteria and understand the array of benefits offered by this income-driven repayment option. Simplify the process of applying for student loan forgiveness (https://www.fesinc.org/calculators/idr) with our comprehensive guide and streamlined application assistance. Learn who qualifies for the PAYE Plan and how it can potentially reduce your monthly loan payments based on your income. Explore the unique features of the PAYE Plan, including its repayment terms and forgiveness provisions. By demystifying the PAYE Plan, you'll gain valuable insights into managing your student loan debt effectively and achieving financial stability.

[Niner]

Those who paid off their loans; those who worked their way through higher education (i.e., held jobs while students); those whose great academic success in high school earned them full scholarships; those who banked money to pay for higher education before beginning it; those who received veterans benefits to pay for their higher education; those who couldn't afford higher education, so never had any - screw 'em all, eh?

[Pendragon]

It is in the world's best interest to have an educated citizenry.
But that is not going to happen if we have a broken educational system. Universities jacked up their tuition once they saw a flood of easy money available to students. High school students look at this and think that higher education is not worth the cost.

[Niner]

Universities jacked up their tuition once they saw a flood of easy money available to students.

This.

[Pendragon]

Wisconsin passes bill to end race, gender, ethnicity in financial aid decisions:

https://apnews.com/article/university-wisconsin-diversity-funding-assembly-3713ff1ce8c59e6513475b56733ea398

From that link:

"Under the bill, recruitment and retention efforts by UW and the state’s technical colleges would be limited to people who are financially disadvantaged."

Which is how it should be.

[Wellos]

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