Poll of the Day > Bernie Sanders to unveil plan to forgive over 1.5 Billion in Student Loan Debt

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pionear
06/24/19 10:42:55 AM
#1:


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ninja_lootz
06/24/19 10:49:56 AM
#2:


Is this just a roundabout way to bribe people to vote for you?
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rjsilverthorn
06/24/19 10:53:14 AM
#3:


pionear posted...
https://finance.yahoo.com/news/sanders-student-loan-cancel-debt-114409170.html

Think it will pass thru?


Not a chance in hell.
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Mead
06/24/19 10:54:04 AM
#4:


pionear posted...
https://finance.yahoo.com/news/sanders-student-loan-cancel-debt-114409170.html

Think it will pass thru?


Not on the first attempt.
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Jen0125
06/24/19 10:58:51 AM
#5:


I hope it'll help private and consolidated loans >_>
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Peterass
06/24/19 11:01:54 AM
#6:


It wont.

The real problem is why college is so expensive in the first place.
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Jen0125
06/24/19 11:02:36 AM
#7:


Peterass posted...
It wont.

The real problem is why college is so expensive in the first place.


And why tuition is raising waaaaaay more than the rate of inflation.
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sodium-chloride
06/24/19 11:03:31 AM
#8:


Even if you average that students have maybe $25000 in debt, that 1.5 billion will only help about 60,000 students. Sounds like a great idea but that's a lot of money to not help that many students overall.
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Judgmenl
06/24/19 11:10:05 AM
#9:


This is absolutely wasteful and government overreach. Time to see his poll numbers drop like a rock.

Peterass posted...
The real problem is why college is so expensive in the first place.


It's not. The problem is parents not considering their child's education costs when they decide to pop out 3-4 of them with al of them expecting to go to private out-of-state universities.
The federal government should not be taking care of this.

The state already provides free college education to those in need. You do not even need good grades.
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Peterass
06/24/19 11:14:54 AM
#10:


Judgmenl posted...
The federal government should not be taking care of this.


I agree
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Mead
06/24/19 11:17:19 AM
#11:


Peterass posted...
Judgmenl posted...
The federal government should not be taking care of this.


I agree


No one else is gonna
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Gradieus
06/24/19 11:38:27 AM
#12:


More fuel for the older gens to say Millenials want everything for free.
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MrMelodramatic
06/24/19 11:39:20 AM
#13:


Judgmenl posted...
The state already provides free college education to those in need. You do not even need good grades.

Not my state
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Jen0125
06/24/19 12:27:04 PM
#14:


sodium-chloride posted...
Even if you average that students have maybe $25000 in debt, that 1.5 billion will only help about 60,000 students. Sounds like a great idea but that's a lot of money to not help that many students overall.


It's trillion. Not billion.
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Mead
06/24/19 12:29:41 PM
#15:


Jen0125 posted...
sodium-chloride posted...
Even if you average that students have maybe $25000 in debt, that 1.5 billion will only help about 60,000 students. Sounds like a great idea but that's a lot of money to not help that many students overall.


It's trillion. Not billion.


Higher education really needs to be more accessible
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sodium-chloride
06/24/19 3:10:51 PM
#16:


Jen0125 posted...
sodium-chloride posted...
Even if you average that students have maybe $25000 in debt, that 1.5 billion will only help about 60,000 students. Sounds like a great idea but that's a lot of money to not help that many students overall.


It's trillion. Not billion.


Big typo in the topic title then lol.
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Broken_Zeus
06/24/19 3:16:46 PM
#17:


It's a stupid, terrible plan from a delusional politician looking to elevate his status.

Mead posted...
Not on the first attempt.


Or any attempt until college itself is made free which, given that the US has a higher per capita enrollment rate than nations that offer it for free, is a stupid fucking plan.

Jen0125 posted...
Peterass posted...
It wont.

The real problem is why college is so expensive in the first place.


And why tuition is raising waaaaaay more than the rate of inflation.


Because college loans (and government subsidies) are a thing.

Mead posted...
Higher education really needs to be more accessible


I'm not sure it could be more accessible, given the availability of loans and ridiculously low entry standards at most schools.
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mastermix3000
06/24/19 3:23:27 PM
#18:


Judgmenl posted...
Peterass posted...
The real problem is why college is so expensive in the first place.


It's not. The problem is parents not considering their child's education costs when they decide to pop out 3-4 of them with al of them expecting to go to private out-of-state universities.


Meh, you cant say that when a piece of paper and work experience create catch 22s... you want work experience? Better be willing to work for free, in fact thats the only way to accommodate ALL college grads, some people need to bite the bullet and go for broke in order to break in. This country cannot afford to pay all college grads the same amount these grads paid to go to college

Obviously designed for some people to fail. Just because I got a job out of college doesnt mean I did anything right

Ask yourself this, would this country really be able to afford a bunch of skilled workers (with a comfortable living wage) like people always flaunt
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Peterass
06/24/19 3:54:55 PM
#19:


Broken_Zeus posted...
Jen0125 posted...

Peterass posted...

It wont.

The real problem is why college is so expensive in the first place.

And why tuition is raising waaaaaay more than the rate of inflation.

Because college loans (and government subsidies) are a thing.


And we have a winner!
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Smarkil
06/24/19 4:08:02 PM
#20:


I don't know how to fix the problem, but I do know that if I had to work my ass off to get through college without incurring debt only to have a buncha people take out the loans and get off scott free, ima be annoyed.
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DarxWingDuck
06/24/19 4:44:23 PM
#21:


It won't and it shouldn't.

It's called "responsibility".
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OhhhJa
06/24/19 5:05:59 PM
#22:


Promising free shit is always great for votes. Anyway, if assholes that arent qualified for higher education would stop going en masse the fucking price would drop
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TigerTycoon
06/24/19 5:08:14 PM
#23:


Jen0125 posted...
Peterass posted...
It wont.

The real problem is why college is so expensive in the first place.


And why tuition is raising waaaaaay more than the rate of inflation.

This.

Having the government pay off overpriced colleges is a backwards way of solving the problem.

It's like saying you're going to reduce crime by having the government pay off thieves the equivalent of what they were going to steal.
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Hop103
06/24/19 5:20:24 PM
#24:


OhhhJa posted...
Promising free shit is always great for votes. Anyway, if assholes that arent qualified for higher education would stop going en masse the fucking price would drop


You can blame the employers for that. They want degrees for non-middle or senior positions, in some places, they want degrees for minimum wage jobs.
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mastermix3000
06/24/19 5:22:24 PM
#25:


Hop103 posted...
OhhhJa posted...
Promising free shit is always great for votes. Anyway, if assholes that arent qualified for higher education would stop going en masse the fucking price would drop


You can blame the employers for that. They want degrees for non-middle or senior positions, in some places, they want degrees for minimum wage jobs.


Exactly
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OhhhJa
06/24/19 5:24:54 PM
#26:


Hop103 posted...
OhhhJa posted...
Promising free shit is always great for votes. Anyway, if assholes that arent qualified for higher education would stop going en masse the fucking price would drop


You can blame the employers for that. They want degrees for non-middle or senior positions, in some places, they want degrees for minimum wage jobs.

In a lot of cases but there's also trade school and certifications that a lot of jobs are fine with. Also, a lot of jobs that advertise that they want degrees dont necessarily depending on the circumstances
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TigerTycoon
06/24/19 5:25:08 PM
#27:


Hop103 posted...
OhhhJa posted...
Promising free shit is always great for votes. Anyway, if assholes that arent qualified for higher education would stop going en masse the fucking price would drop


You can blame the employers for that. They want degrees for non-middle or senior positions, in some places, they want degrees for minimum wage jobs.

There was actually a study that showed most employers prioritized training and work experience (specific with the job) over a college degree, which is why it's stupid that in the U.S., students are told the natural next step after high school is college, and work training programs are not even mentioned to students as an option.

College isn't for everyone, and it shouldn't be presented as such.
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Yellow
06/24/19 5:29:03 PM
#28:


That's like a small fraction of the raise to our military budget, which was 100b, currently 700b. This is 1.5b.

I honestly don't understand how people can be against this, which actually helps people. This is incredibly cheap relative to our other budgets.

Is "Bribe" what we call politicians favoring working people?
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wolfy42
06/24/19 5:29:31 PM
#29:


This wouldn't affect me personally, but I know enough people, of all ages, that it would.

I have said before full forgiveness is probably not a great idea, but instead, getting rid of ALL interest and applying all payments so far towards the principle loans, and getting rid of all future interest on loans as well, is a good first step at least.

Perhaps a minor amount of forgiveness as well due to the almost usery nature of college costs in the last 20 years or so as well. I would make that based on the level of schooling, and cost of the schools in question (certain schools way over charged, especially online schools etc).

Perhaps something like this:

For first degree of each level, a set amount of cost per degree is attributed to the person, 0$ for an AA, 10k for a BA, and 20k (total) for a Masters. Any loans outside that still have all interest waved, and all previous payments go directly towards the principal loans.

In such a case, anyone who took out loans for an AA, would owe nothing (no money is returned for people who have already paid...this is to help get americans out of debt, it is not a retroactive free college plan).

Anyone who got a Bachelors would have all previous payments go towards a $10k total, and owe whatever is left after that. So if you originally owed 30k to get a BA, and you have made $8000 in payments (all of which, or most of it, having gone to interest before), you would now only owe $2000 left and have no interest at all.

Anyone who got a Masters degree would owe $20k - any payments they had made. This one could seriously wipe out entire debt, as someone might get a masters for $50k before, and be making payments of $300 a month for the last 8 years. That would be over 20k in payments....so they would owe nothing (no refund for the extra paid though).

While this would not wipe out all student loan debt, this would drastically reduce it, and primarily affect future "interest" earning which are insane currently (and causing many Americans to be stuck in perpetual debt, not even covering the interest on their loans.)

You still actually pay somethign though for going to college (over an AA at least) so it is not free.

It primarily protects everyone from basically being bent over, without any knowledge in advance of the potential for endless debt. Yes, people know NOW that it's happening often, but most didn't when they actually went to college in the first place. Back then, it was expected that getting a degree meant a significant higher salary, and you would pay off your student loans in under 10 years.

That was such a good deal, that EVERYONE went to college (or a very large percentage, not actually everyone), which caused a huge number of people to get at least BA degrees and still end up working at trader joes, or other jobs that paid $15 or less an hour. Over 40% of jobs in the country pay $15 or less, and 40% or so of americans have a BA degree (or spent the money for it but didn't finish getting one/flunked out etc).

Education is for profit in this country, and the government has been complicit in milking americans by providing loans for schools that charged exorbitant fees, while also charging extremely high interest rates on those loans. Reparations should be made, we are not paying for this with our taxes, we are returning money back to students who have been unfairly charged both initially, and with high interest rates.
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Yellow
06/24/19 5:30:32 PM
#30:


Judgmenl posted...
This is absolutely wasteful and government overreach. Time to see his poll numbers drop like a rock.

ninja_lootz posted...
Is this just a roundabout way to bribe people to vote for you?

I mean, no?
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Judgmenl
06/24/19 5:37:58 PM
#31:


mastermix3000 posted...
Judgmenl posted...
Peterass posted...
The real problem is why college is so expensive in the first place.


It's not. The problem is parents not considering their child's education costs when they decide to pop out 3-4 of them with al of them expecting to go to private out-of-state universities.


Meh, you cant say that when a piece of paper and work experience create catch 22s... you want work experience? Better be willing to work for free, in fact thats the only way to accommodate ALL college grads, some people need to bite the bullet and go for broke in order to break in. This country cannot afford to pay all college grads the same amount these grads paid to go to college

Obviously designed for some people to fail. Just because I got a job out of college doesnt mean I did anything right

Ask yourself this, would this country really be able to afford a bunch of skilled workers (with a comfortable living wage) like people always flaunt


I mean this outlook is weird. People don't deserve a job, but they do deserve the minimum required to live. This is why I support UBI. If you don't have the ability to get yourself a job, at least the state can take care of you.
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RedPixel
06/24/19 5:50:12 PM
#32:


My wife and I are working 4 jobs to pay off the remaining $66,000 we owe on both of our student loans and car. I'm 26 and will be debt free next year because we're both fortunate to have nice paying jobs, but it is really stressful. I wouldn't wish this shit on anyone. I take full responsibility for my loans, but I feel like I've been financially raped in the sense that there were a ton of unnecessary classes for me to do what I wanted to do at a price of nearly thousand bucks a class.

I wish everyone's student loans could be wiped away because there's no need to go to school for 4 fucking years to do the job you're going there for.

That said, Bernie's a fucking bleeding leftist idiot with noble liberal intentions and I think a better solution would be to dismantle the entire education system and offer online classes and opportunities for growth for free if the course material doesn't change. Those that do, well, its a bit easier to justify the insane prices to learn if the material changes. Such as organic chemistry. Whatever.
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wolfy42
06/24/19 5:57:04 PM
#33:


Judgmenl posted...
mastermix3000 posted...
Judgmenl posted...
Peterass posted...
The real problem is why college is so expensive in the first place.


It's not. The problem is parents not considering their child's education costs when they decide to pop out 3-4 of them with al of them expecting to go to private out-of-state universities.


t


I mean this outlook is weird. People don't deserve a job, but they do deserve the minimum required to live. This is why I support UBI. If you don't have the ability to get yourself a job, at least the state can take care of you.


That is a whole different issue, and also revolves around possibly replacing many menial jobs with machines/robots etc in the future. As less jobs become available, and more people reach working ages, it may be neccesary to provide a base income for all americans, or perhaps have minimum jobs (1-2 days a week) for a set base amount (splitting government jobs that require people up between many individuals...instead of having one work 40 hours, have 5 work 8-16 hours and receive a living wage (perhaps also have gov housing that can only be used by people doing these jobs as well).

The loan situation though is pretty simple, currently higher learning in the US is a for profit situation. Much of the "loan debt" in fact is not actually even based on initial costs for the loans, but based also on interest since the loans were accrued, defaults penalties etc.

One thing most don't know is that if you default or if you re-consolidate loans or a bunch of other things, they will take all interest earned and apply it to your principal balance. So if someone initially went to UoP for 4 years and ended up with 30k in debt, but could not get a job (other then what they were currently doing already..that barely paid the bills), for 5 years afterwards, so they deffered the loans. Every year the 6.6% interest of the loans would be added into the principal balance.

In 5 years that would basically make it around 45k already owed, so even if they got a job at that point paying more, they would already owe about 4k a year just to pay the interest at that point ($300+ a month).

If they could only afford $200 a month, they would still be going negative, and would be better off just paying 10% of their gross income (which is probably less then $30k a a year, so less then 3k total) with an income based repayment plan.

Problem is the total amount owed would keep going up, and if that continued for long enough they would never get out of debt. That is a direct example of the problem many Americans are currently having.

First, the education should not have costed 30k in the first place, ESPECIALLY for online colleges.

The actual cost to an online college per student is minimal, way less than physical universities. The teachers (I know, I looked into teaching the classes myself) get around $2k per class, which often has over 20 students. That is pretty much the total cost of the class for the university.

Uop charges 350-459$ per credit so 1.2-1.5k or so per student per class. One student just about pays the total cost for a class (also all the poor teacher gets), the rest is pure freaking profit. How is that even legal? If you charged based on cost with a bit extra for expenses, each student could pay less then 1/10th what they currently do, so instead of 30k for a BA, they could pay 3k total, and do that without loans.
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wolfy42
06/24/19 6:03:20 PM
#34:


RedPixel posted...
My wife and I are working 4 jobs to pay off the remaining $66,000 we owe on both of our student loans and car. I'm 26 and will be debt free next year because we're both fortunate to have nice paying jobs, but it is really stressful. I wouldn't wish this shit on anyone. I take full responsibility for my loans, but I feel like I've been financially raped in the sense that there were a ton of unnecessary classes for me to do what I wanted to do at a price of nearly thousand bucks a class.

I wish everyone's student loans could be wiped away because there's no need to go to school for 4 fucking years to do the job you're going there for.

That said, Bernie's a fucking bleeding leftist idiot with noble liberal intentions and I think a better solution would be to dismantle the entire education system and offer online classes and opportunities for growth for free if the course material doesn't change. Those that do, well, its a bit easier to justify the insane prices to learn if the material changes. Such as organic chemistry. Whatever.


It's a money making scheme right now, education that is. Even the resource books etc, are changed every year, but offer the same info, they just have different work sheets, page numbers etc, so students need to shell out money (alot of it) for books.

The actual cost of education is very little, testing can determine if students have learned the required material, and can be done very cheap (look at testing for new teachers for instance, Person etc does it for like $50...same could be done for college classes). Leave HOW someone learns the information, up to the individual and just test for knowledge in order to get a degree.

You at least are not yelling that you and your wife have paid your loans so everyone else should have to as well.....which is a common argument. The problem is many can not, or will not be able to, and some have gotten more then raped, due to the EXTREME cost for things like a law degree and then law school. When you start off with 100k in debt, and THEN you go work as an attorney and discover you make less for the first 5 years or so, then the job you did in waste management while going to school....well, that person ended up going back to her original job after 2 years working at the same firm as my wife (who got paid significantly more due to having experience, was not expected to work 60+ hours and never allowed into court etc). She ended up with over 100k in debt initially, and know way to keep up with the interest.

It's bad enough for a BA degree, masters can easily cause you to end up going negative permanently, and if you go for law degrees, law school etc, the high cost degrees, yeah, it can get insane fast.

It's crazy, and not fair...but at least people have warning now, up until about 10 years ago most everyone was saying going to college was worth it, and people believed it.
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Yellow
06/24/19 6:33:34 PM
#35:


RedPixel posted...
That said, Bernie's a fucking bleeding leftist idiot

No, you're bloody brainwashed. 1.5 billion to help your loans. Our military budget is 700 billion. Raised 100 billion last year.

This is 0.1% of our military budget.

I cannot make this any more simple for you people. Just take a look at his budget, he doesn't want to increase spending, and in areas where he does it's always out of a tax increase to the top 1%.

Franky you should be grateful there's a politician that cares more about you than his donors, because he's about one of the 5 atm.
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Smarkil
06/24/19 7:32:15 PM
#36:


Yellow posted...
RedPixel posted...
That said, Bernie's a fucking bleeding leftist idiot

No, you're bloody brainwashed. 1.5 billion to help your loans. Our military budget is 700 billion. Raised 100 billion last year.

This is 0.1% of our military budget.

I cannot make this any more simple for you people. Just take a look at his budget, he doesn't want to increase spending, and in areas where he does it's always out of a tax increase to the top 1%.

Franky you should be grateful there's a politician that cares more about you than his donors, because he's about one of the 5 atm.


Yeah except the TC put it wrong in the title. Student loan debt is 1.5 trillion. So.
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Dynalo
06/24/19 8:06:47 PM
#37:


wolfy42 posted...
The loan situation though is pretty simple, currently higher learning in the US is a for profit situation. Much of the "loan debt" in fact is not actually even based on initial costs for the loans, but based also on interest since the loans were accrued, defaults penalties etc.


As long as they are still loans that you are expected to pay back, they really can't be interest free though. Otherwise whoever the lender is would be losing money every year on every loan. If it takes you 10 years to pay off a loan, that's 10 years of inflation that devalued the money you were given.

Now, the easiest way to do this, assuming no subsidies, would be to tie the interest rate to inflation. No private lender would be willing to do that, but the government could provide loans and not lose their backs on it, while providing at least some relief to the students.

But that's assuming you don't just completely overhaul the entire system, because providing low interest loans would be akin to putting a band-aid on a bullet wound at this point. Sure, it might help a little, but there's larger underlying problems here.
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The_tall_midget
06/24/19 8:10:40 PM
#38:


Full forgiveness is idiotic at best.

You're not entitled to have your poor choices paid by society. I mean, I understand that the typical leftist response to anything is to have society pay for your mistakes, but sorry, you're not entitled to that and you need to deal with the consequences of your choices and actions.

Now where we DO need to act is the fact that college is, in many, many cases, utterly useless and super inflated.
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adjl
06/24/19 9:04:20 PM
#39:


It's a start, but it's not going to solve the underlying problem of how utterly insane college costs are. Pay off this cohort's debts now, and you'll fix the problem that is an entire generation spending the first decade of their careers in crippling debt, but by the time the next election rolls around, the country's student debt load will be right back where it currently is unless something drastic is done to rein in those costs.
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OhhhJa
06/24/19 9:16:44 PM
#40:


So we forgive all the debt and guess what an extremely high percentage of these kids are gonna do again? Go right back to these nearly useless fucking universities having learned nothing from their mistakes and accrue more debt
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wolfy42
06/24/19 9:28:41 PM
#41:


Dynalo posted...
wolfy42 posted...
The loan situation though is pretty simple, currently higher learning in the US is a for profit situation. Much of the "loan debt" in fact is not actually even based on initial costs for the loans, but based also on interest since the loans were accrued, defaults penalties etc.


As long as they are still loans that you are expected to pay back, they really can't be interest free though. Otherwise whoever the lender is would be losing money every year on every loan. If it takes you 10 years to pay off a loan, that's 10 years of inflation that devalued the money you were given.

Now, the easiest way to do this, assuming no subsidies, would be to tie the interest rate to inflation. No private lender would be willing to do that, but the government could provide loans and not lose their backs on it, while providing at least some relief to the students.

But that's assuming you don't just completely overhaul the entire system, because providing low interest loans would be akin to putting a band-aid on a bullet wound at this point. Sure, it might help a little, but there's larger underlying problems here.


I mean, the government actually prints/creates the money in the first place, and I guess having interest equal to inflation would at least be better then it currently is. You can get 0 interest loans/credit cards etc though in many ways as well. The biggest problem was the hugely inflated costs for going to college in the first place, and this needs to be fixed.

Again, this is something that was already done, and at least the interest from the loans directly made a profit for the government off the students. The schools themselves made the biggest (huge) profit though, which you can't get back.

Absolutely nobody deserves to be in 30k+ debt because they went to college and now can't even get a decent job with the degree (when they were pretty much assured they were going to get a great job with...which is why they went in the first place).

To toss on an insane 7% interest rate (double the rate on homes for instance and many other loans), is just evil.

There are ways to fix the problem, besides just a blanket forgiveness, but something should be done to balance the scales a bit. I get people are like (your mistake, pay for it) but it was based on misleading information. I saw one plan that based the amount forgiven based on your yearly income.

That might be the best solution yet, since you have finished your degree (graduated) take the average yearly income and determine how much of the loan is forgiven based on that.

If your average yearly income is under 30k forgive up to 50k in loans (and all interest), if it's 30-50k forgive up to 40k and all interest, if it's 50-80k forgive 10k (and all interest) and no forgiveness if your average income is over 80k.

That would only help those who are desperate and were not able to find jobs that paid enough to get out of debt with.
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Blaqthourne
06/24/19 9:48:30 PM
#42:


If this were to pass, why would anyone in their right mind actually pay for college themselves? Just take out a loan, not pay a penny of it, and wait for the gov't pay it off.

Broken_Zeus posted...
ridiculously low entry standards at most schools.

A lot of schools are open enrollment (I think that's one of the draws of community/junior colleges), just limited by a cap on how many students it can actually support. You just have to maintain a certain GPA to maintain your enrollment.
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Grendel
06/24/19 10:13:00 PM
#43:


I'm so glad I paid off my debt just in time for everyone else's to be forgiven. I'm also really glad I went to a cheaper school so that it'd be more manageable.
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Blaqthourne
06/24/19 10:16:39 PM
#44:


Grendel posted...
I'm so glad I paid off my debt just in time for everyone else's to be forgiven.

It would be the right thing to do to reimburse everyone that is alive their college expenses.
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Yellow
06/24/19 11:38:03 PM
#46:


Smarkil posted...
Yeah except the TC put it wrong in the title. Student loan debt is 1.5 trillion. So.

Yes, that did seem far too low.

After looking it up, his proposal suggests eliminating all student debt with a Wallstreet levy tax that will collect 1.6t over 10 years.

With that said, people itt were freaking out over a mere 1.5b, which was why I was just triggered there.

I also think this is a bit of a band-aid to colleges, which should absolutely become obsolete with the internet. The internet should make all courses very cheap. If Bernie does public college, there should also be something keeping college fees in check. They're just a bloody scam all around.

That said again, I prefer this kind of government spending to attacking the Middle East. This costs two years of war in the Middle East. If he ends the war in his term, he could do a lot of good for this country.
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adjl
06/24/19 11:57:08 PM
#47:


OhhhJa posted...
So we forgive all the debt and guess what an extremely high percentage of these kids are gonna do again? Go right back to these nearly useless fucking universities having learned nothing from their mistakes and accrue more debt


That seems like a pretty baseless prediction. For the most part, the only time you'll see something like that is somebody going back to school for a graduate degree they couldn't afford with their debts, which is generally going to be a good thing because graduate degrees (unlike bachelors) do actually increase earning potential by a fair bit. That, or going back to school for an undergrad that will be more beneficial to them based on what they discovered about their current degree when they got into the workforce. Most recent grads will just carry on working, glad to be free of their student debt burden and able to start doing all those nice things that you can do when you aren't living paycheque to paycheque.
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TheWitchMorgana
06/25/19 12:08:19 AM
#48:


bro i hate americans man. all of you have brain worms
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Dynalo
06/25/19 12:12:30 AM
#49:


wolfy42 posted...
If your average yearly income is under 30k forgive up to 50k in loans (and all interest), if it's 30-50k forgive up to 40k and all interest, if it's 50-80k forgive 10k (and all interest) and no forgiveness if your average income is over 80k.

That would only help those who are desperate and were not able to find jobs that paid enough to get out of debt with.


The issue with that is that it doesn't take cost of living into account. You can make 80k+ easily in Vancouver, Seattle, San Fran, etc. Places where an 80k household income would have you on the lower end of middle class.

People living in a place where houses cost under 100k and they make 40-50k/year would be delighted about this. People in major cities would see no benefit.
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RoboXgp89
06/25/19 12:34:41 AM
#50:


Just great... then real estate agents will see no reason not to rise housing prices 40k where ever it gets implemented.. colleges will see no reason not to hike up tuition and make it impossible for people with jobs to ever get grades good enough to stay in them...
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Yellow
06/25/19 1:11:04 AM
#51:


TheWitchMorgana posted...
bro i hate americans man. all of you have brain worms

Most people here are just brainwashed by MSNBC, CNN, and Fox to reject every populist strategy as unrealistic and every war, corporate handout as necessary. They aren't necessarily dumb, they just have no reason to think that they're in an imaginary reality, because it's everywhere.

It's so ingrained that just hearing TC misquote "1.5 billion to solve the student loan crisis" gets an immediate reaction of "delusional politician, this is going to tank his poll numbers", even though 1.5 billion is actually nothing.

No, it's 1.6 trillion, and it's still a good idea, because Wallstreet will be footing the bill over the next 10 years, so if people think this is coming out of their pocket, they're wrong. Bernie will also undo the tax cuts Trump gave to the top 1% ($111 billion), cut the military budget ($700 billion), and likely cut corporate welfare ($100 billion), among other things that the top 1% would absolutely hate, the nice things you get from a president that doesn't listen to his donors.
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