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

(+) Yeah! (+)

adjl posted...

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.

Tons of people go back to school all the time including many whom already have student loan debt that keep trying again or continuing on their slow and probably never to be finished track to graduate

Dont let the internet fool you

These kinds of policy proposals are overwhelmingly popular
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we already have free college for people that need it
and we have free college for merit

college isn't a necessity, for a lot of people it's a way to escape their parents
do you guys really want to pay for THOSE people? those people with useless libral arts degrees that probably partied all through school and their hardest test was writing a paper using correct format???

this legislation screws over all of the people who didn't sign up for these stupidly outrageous loan schemes, screws the people who actually live here legally, you're going to give free college to asia when you do this, other people won't be able to compete with them, they practically live in the class room for 4 years
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ninja_lootz posted...

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

Yup.
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Tha_Man_DS posted...

ninja_lootz posted...

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

Yup.

Yeah why cant they just offer the bribes to corporations like so many traditional politicians
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Mead posted...

Tha_Man_DS posted...

ninja_lootz posted...

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

Yup.

Yeah why cant they just offer the bribes to corporations like so many traditional politicians

This is basically a corporate bribe though too. This would be the government immediately forking over a trillion and a half dollars to corporate money lenders only to have students continue to take out student loans afterward thus continuing the university money machine

Trillions of dollars are given to Wall Street banks that no one voted for and conservatives dont bat an eye

A presidential candidate proposes using an even smaller amount to unburden millions of americans from crushing debt and of course they lose their minds
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Mead posted...

Trillions of dollars are given to Wall Street banks that no one voted for and conservatives dont bat an eye

Actually, a ton of conservatives were pissed off about that lol. That pissed off people all over the spectrum

Mead posted...

Trillions of dollars are given to Wall Street banks that no one voted for and conservatives dont bat an eye

A presidential candidate proposes using an even smaller amount to unburden millions of americans from crushing debt and of course they lose their minds

It's almost like the degree holders don't want a glut of useless degrees or something...
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How is the federal government bailing out banks any different than the government bailing out the student debt of our nation's young professionals? Students wanted an education, to pursue a career, to make a stable living. They are struggling because of forever increasing tuition rates and steep interest rates on loans.

Bio_babe_4 posted...

How is the federal government bailing out banks any different than the government bailing out the student debt of our nation's young professionals? Students wanted an education, to pursue a career, to make a stable living. They are struggling because of forever increasing tuition rates and steep interest rates on loans.

Well for one thing it will cost a lot less money
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Bio_babe_4 posted...

How is the federal government bailing out banks any different than the government bailing out the student debt of our nation's young professionals? Students wanted an education, to pursue a career, to make a stable living. They are struggling because of forever increasing tuition rates and steep interest rates on loans.

we need banks because they employ people and provide capitol for business

useless degree holders are literally just a money pit, calling them "professionals" is laughably weak, they're more under qualified then people who are self taught in most instances

the people failed on their investmants in property, the banks couldn't get the money back so it caused a bubble and property lost all of its value from that
because of predatory lending giving people houses that shouldnt have them, and people's marriages breaking up obviously, people losing their job unable to pay their mortgage

there is no one to bail out with college degrees, they have all the time in the world to pay back they just choose not to because they live a lavish lifestyle, my brother makes tons of money and just paid his back almost 15 years later, it wasn't expensive he just simply never put money towards it opting to live elsewhere

the solution to this is the same solution to housing
let the predatory lenders, the high school people saying you need college and the college admins, pay the price, not the tax payer
I'm sure the colleges aren't ever going to run out of money, they practically ship people here just to pay their fees
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Ya know I have heard that theres a ton of data showing that people choose to just intentionally not pay off their loans so they can instead enjoy a lavish lifestyle that they can afford because of their useless degree
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you'd be giving away free money to the same people who force you at your job to make min wage even though you work the same hours

it's a completely stupid idea, it's entitlement for rich snobs and clueless Americans

anyone can pay off their college debt, it's two years at your parent's home max
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i think anyone who starts talking about useless degrees needs to state for the record what they consider to be a useless degree

if they say "anything that isn't stem" or even better, "gender studies" (which is just an alt-right dogwhistle not an actual argument) we know their opinions can be safely disregarded
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TheWitchMorgana posted...

i think anyone who starts talking about useless degrees needs to state for the record what they consider to be a useless degree

if they say "anything that isn't stem" or even better, "gender studies" we know their opinions can be safely disregarded

You dont live in the US so you dont realize that 98% of all college degrees in our country are based on feminism based race studies intended to oppress and further persecute white male gamers
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yeah but i live in canada so gender studies is the only program we offer in our universities, y'see
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TheWitchMorgana posted...

i think anyone who starts talking about useless degrees needs to state for the record what they consider to be a useless degree

if they say "anything that isn't stem" or even better, "gender studies" we know their opinions can be safely disregarded

I mean, let's be honest here. How many people get a B.A. in anthropology and make a career out of it?

Jen0125 posted...

I hope it'll help private and consolidated loans >_>

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A lot of either/or arguments about debt forgiveness and bailing out wallstreet here. It's possible to hold the opinion that both are stupid and just because we did one stupid thing years ago doesn't mean we should compound it with a second stupid thing.

Yop. As expected, it was a night of muh diversity and offering free stuff to illegals and moochers. Such a useless platform for lazy assholes, based on politics which history has proven to be complete failures time and time again and which are turning Europe into a migrant shit hole.
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f*** Bernie, I will be DAMNED if my paycheck is going to get lower to give unemployed pieces of s*** and illegal immigrants healthcare.

CharlesBronson posted...

f*** Bernie, I will be DAMNED if my paycheck is going to get lower to give unemployed pieces of s*** and illegal immigrants healthcare.

BUT THOSE POOR PEOPLE who made the trip to a desert to illegally enter the country must be taken care of!

Except not. I expected them to promise free shit to useless people and push a useless diversity agenda, but they went beyond my expectations.
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Maybe if they didn't get worthless degrees, they would have been able to pay off the debt. But nah, that would make all kinds of sense, and that's basically heresy at this point.
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Not gonna lie, I'd take the help paying mine off, even though I'm doing fine paying them on my own.

I'd never vote for him, though.
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CharlesBronson posted...

f*** Bernie, I will be DAMNED if my paycheck is going to get lower to give unemployed pieces of s*** and illegal immigrants healthcare.

The US government already spends twice as much on health care as the next-highest country (Canada, which is hideously inefficient in its own ways). With a proper system that wasn't bogged down by insurance middlemen driving prices up with their haggling and creating unnecessary administrative costs, odds are less of your paycheque would be going toward health care. And that's to say nothing of the broader social benefits of accessible health care (fewer people becoming unemployed because of untreated health problems, less missed time, fewer people with problems that are serious enough to need treatment with opioids, fewer outbreaks...), plus the fact that health care costs generally go down when people are willing to seek preventative care and treatment for minor issues because both prevent major issues from arising.
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OhhhJa posted...

TheWitchMorgana posted...

i think anyone who starts talking about useless degrees needs to state for the record what they consider to be a useless degree

if they say "anything that isn't stem" or even better, "gender studies" we know their opinions can be safely disregarded

I mean, let's be honest here. How many people get a B.A. in anthropology and make a career out of it?

i don't really know why you specify a BA since most fields like that are geared towards continuing in academia and research. a BA in that case wouldn't be useless to obtaining an MA or beyond

i mean if you want to get a BA and then never go to school again then yes there are better degrees, but that does not make the other ones useless.
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CharlesBronson posted...

f*** Bernie, I will be DAMNED if my paycheck is going to get lower to give unemployed pieces of s*** and illegal immigrants healthcare.

Bernie has been quoted saying how the American taxpayers bailed out Wallstreet. But now it is time that Wallstreet pay that back by bailing out the young professionals and students of America.

CharlesBronson posted...

f*** Bernie, I will be DAMNED if my paycheck is going to get lower to give unemployed pieces of s*** and illegal immigrants healthcare.

So I guess youre happier letting it get lower to cover tax breaks for struggling billionaires
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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.

Careful, I used that word in the exact same context once (financial) and got a moderation for it. This site doesn't care that the word has multiple uses and definitions, even when there's nothing even remotely about sex in the context of the discussion, they'll fucking take you to task for it.

Safer to just say "tape" or something, rather than the magic R-word.

Anyway, I've said before I'm against this. Still am, and if I wasn't positive I could rely on Republicans to block such plans in Congress anyway, Bernie, Warren, and others' pushes for massive loan forgiveness would keep me from voting for them.

Allow loans to be refinanced to a lower interest rate. Give options to perform community service or such to donate some volunteer time in return for a payment towards the debt. Fine.

But no outright forgiveness. No one made these people take out these massive loans. Other people either went to cheaper in-state or community colleges and had to deal w/ having a less prestigious degree, or worked their asses off to be responsible and pay the loans off by living extremely frugally, or were so poor or disadvantaged that they never even went to college and now are expected to pay for the wealthier people who did go.
It's appalling.