Politics Biden will drop student loan forgiveness from next week's budget

Discussion in 'Blazers OT Forum' started by SlyPokerDog, May 23, 2021.

  1. BLAZINGGIANTS

    BLAZINGGIANTS Well-Known Member

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    this is as I understand it from my parent company.
     
  2. Phatguysrule

    Phatguysrule Well-Known Member

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    But kids who go to college tend to be much healthier and happier adults than kids who do not.

    https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5570614/
     
  3. Phatguysrule

    Phatguysrule Well-Known Member

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    With the contacts you made at college your career would have more opportunity and hence very likely be more successful.
     
  4. Lanny

    Lanny Original Season Ticket Holder "Mr. Big Shot"

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    An intelligent young professional work force that will keep our economy on top and pay your social security check in the future.
     
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  5. Lanny

    Lanny Original Season Ticket Holder "Mr. Big Shot"

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    I paid my way thru with a little help from my parents, the GI Bill ($110/month) and working summers.
     
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  6. stampedehero

    stampedehero Make Your Day, a Doobies Day Staff Member Moderator

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    So, "former guy" was like a bilge pump.
     
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  7. stampedehero

    stampedehero Make Your Day, a Doobies Day Staff Member Moderator

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    • * The White House has said it would prefer Congress pass a bill canceling the debt rather than doing so through executive order
    • More than 42 million Americans, or one in six adults, have student loans, and owe an average of $36,520
     
  8. ABM

    ABM Happily Married In Music City, USA!

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    Normally, that would be true. This was a virtual class, making that a bit more difficult. That said, I attempted to reach out to a couple of classmates, without much success.
     
  9. Hoopguru

    Hoopguru Well-Known Member

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    Its not all capitalism as the Public school district's including State Public Universities are State controlled and paid for by tax payers. They can control cost more effectively if they wanted in many area's and reduce tuition.
     
  10. Hoopguru

    Hoopguru Well-Known Member

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    1/2 true, imo. I knew kids that jumped right to Universities and all they did was party and eventually drop out or booted out and left in limbo. Verus some I knew that went right to work and/or developed a trade, had money, invested, got married, had kids and were extremely happy.
     
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  11. julius

    julius I wonder if there's beer on the sun Staff Member Global Moderator

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    Yeah, but when you went to college, tuition was 2 chickens and a broom.
     
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  12. Phatguysrule

    Phatguysrule Well-Known Member

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    You are describing anecdotal evidence. This is the absolute worst kind of evidence to draw conclusions from.
     
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  13. julius

    julius I wonder if there's beer on the sun Staff Member Global Moderator

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    And clearly old anecdotal evidence from when going to college vs not going to college didn't have as huge of an impact on potential lifetime earnings as it does today.

    "why, when I was in college, the things I remember are of the parties, not the people who studied!"

    hell, I remember zero of the homework I had in high school and college, so clearly there wasn't any homework when I was in high school and college.
     
  14. Hoopguru

    Hoopguru Well-Known Member

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    Thats not true...I have a son that elected not to go to college, wanted to be a electrician so he got into an apprentice program and now is a journeyman, making big money. More than a couple kids that spent tons on a college education.
    You dont need a college education in many industries that pay well. And te idea that you can co0me directly out of a four year school and make more money just because is not always true. Ive hired people with 4 year degrees versus those with zero college and they start out the same.
     
  15. calvin natt

    calvin natt Confeve

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    Was just going to write this. We can either cut checks and forgive loans...or I dont know...fix the root of the problem, in that we have colleges with BILLIONs in endowments. Put that towards lowering the cost of tuition? Or place a max/limit on what college can cost? If you want to go to Stanford, that is remarkable and congrats. You dont get money though to do so from the govt. Community College should be free maybe, but everything else, its on you.
     
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  16. Hoopguru

    Hoopguru Well-Known Member

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    But the claim that kids that went to college are healthier and happier is also anecdotal evidence, imo.
     
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  17. tlongII

    tlongII Legendary Poster

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    You must be really smart. It took me 9 years to get my Associates degree.
     
  18. julius

    julius I wonder if there's beer on the sun Staff Member Global Moderator

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    You have stated you have grand children that are ready for college. Which means your son probably finished college 18-20+ years ago.

    Things are not the same as they were 15-20 years ago.
     
  19. Haakzilla

    Haakzilla Well-Known Member

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    ...if only it was still that "affordable" nowadays :dunno: college tuition inflation is astronomical compared to the 1920s :dunno:
     
  20. Hoopguru

    Hoopguru Well-Known Member

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    Much is the same, even then kids would come out of an expensive college and end up doing something non related to what they majored in. That happens now as well.
    Like back then even when I was a kid, you had those that were complacent and didn't look hard to find a job, Those that went to college that did well and used their degree and those that didnt. If a young person now targets industry's that pay well that all dont require college education. Welders, Manufacturing, Plumbing, Construction, Real Estate, construction, entrepreneur, etc. Gov jobs pay well and huge benefits.
    There is something for everyone and many do pay well, but there are also many jobs that dont regardless of an College degree or not. Yeah much has changed too, like not going into a place of business and asking for a job application, many young people don't know that you can still do that with various companies, but its easier to just go on line and send one, I get that too.
     
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