Or PSU is tuition-"free" if you meet the following criteria: ELIGIBILITY Students must meet all of the requirements below: Oregon resident Oregon high school graduate 3.0 cumulative unweighted high school GPA Pell Grant-eligible according to FAFSA First-time PSU student Enroll full time (12 to 15 credits per term) Start in fall term https://www.pdx.edu/student-finance/four-years-free
The money will come from lower middle class Americans, who never went to college on credit because they weren't morons. It would help lazy and selfish people, mostly from wealthy families, who wasted the money on stupid non-job-producing "education" in order to avoid getting a job and supporting themselves. America's least deserving citizens. I know 2 people who have unpaid student debt. A relative who got a law degree and is an attorney and owns a very nice home with pool in an upscale suburb of Phoenix, AZ. Have no idea how he still owes any student debt, as he travels and vacations frequently and has no children to support. An idiot who wasted it on "art classes" and has never pursued employment of any kind in the decades since accruing the debt. Of every kind of legal debt that people can possibly owe, this is the least worthy of forcing other people to pay for. The government guarantee for student loans was always a scam by the Deep State to create the opportunity for schools to charge insane and unjustified tuitions. Without the Federal guarantee, schools could only charge what the market would bear, which would be roughly 10% of what they currently charge.
I am for it because I had my school paid for by my job and it made all the difference in my life. I was able to buy a house 10 years earlier than I normally would have been able too and I had a better quality of life and was a better consumer because of my lack of debt. Also my wife still has debt so it would help out household to eliminate $500 a month worth of those payments. I am also for it because I believe we need people from all types of educational backgrounds for our society, we need teachers, scientists, social workers, cops with real education, scientists and so on. For a well rounded society we need people to learn some things without the burden of having to pay more than they ever be able to. Social workers don't do that work for the money but they often need master degrees and their benefit to society is huge. I am against it because just paying off this debt does nothing to address the reason that university is actually so expensive, infact it just gives universities an incentive to keep raising their prices.
I need them to pay off $125k in student loans I took out to get my PHD in 16th Century Gender Roles in Native American Poetry.
You bunch of idiots. Why run up a huge debt? I took out a loan for one thousand dollars and paid it off in two years. Easy peasy. The school actually asked me to pay back $400 shortly after they gave it to me.
Did it help you figure out why you like to dress up like a girl when you write that flowery poetry shit?
I know it's easy to use anecdotes when discussing things, but that's missing the big point. Although I know you're joking, what about those who had to get a loan out to go to grad school to become a teacher? A friend of mine just graduated from the college of education (at his college), and not only does he not have any prospects of teaching because of the pandemic, but he owes 25K in student loans now. Now, granted it's not the governments fault (well, it kind of is) that he can't find a job right now, but since it was his calling to be a teacher, how else could be become one other than to go to college and pay through the nose?
If he's any good and he'll go back and get his masters degree I can get him on at a Jr. college paying $20/hr. Enticing? You betcha.
I don’t think that’s a very compelling argument. The pandemic will likely be over by next school year, so the inability to get a job is likely to be short lived. Further, the government adopted a policy for the pandemic of 0% interest rates through the end of the year on all federal student loans. Paying off a$25,000 debt in ten years, assuming a 5% interest rate, is a payment of $265 a month. That’s not cheap, but it’s what you sign on for when you take out a loan. The federal student aid website says this very clearly: “If you receive a federal student loan, you will be required to repay that loan with interest. It is important that you understand how interest is calculated and the fees associated with your loan. Both of these factors will impact the amount you will be required to repay.” https://studentaid.gov/understand-aid/types/loans/interest-rates
Here's the thing though. My SL's are at about 25K right now, and even considering I finagled my way into cheaper repayment plan (based on income) I'm paying about 275 a month. Had I not done that, my payments were 600 a month.
You pretty much have to have a masters to teach now-a-days. And schools aren't open right now for endorsements (I think that's the correct spelling).
Interest rates are at an all-time low right now. Refinancing those loans is probably a smarter idea than sitting back and hoping they’re going to get forgiven. If the Repubs hold the Senate, that’s not happening anytime soon.
I didn't have that many loans as others thanks to my folks helping me out immensely, but I didn't spend a dime my first year after getting a real job. Paid off everything I had then. Fully in support of this.
