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Senate Republicans block vote on student loan interest rates
- Thread starter Bro. Curtis
- Start date
Three thoughts, to C.T. Boy's answers.
No. We do not need to punish banks. If you think the feds can run a low-interest loan program, you have a very short memory. Also, you could get guidance couselors to encourage engineering degrees, not lesb1an journalist history.
Why bring veteran's benefits into this ? Why would you take away our veterans' rights ?
Lastly, your accusation of someone being "judgemental" made milk come out my nose. Do you really hold yourself as a fair person ?
No. We do not need to punish banks. If you think the feds can run a low-interest loan program, you have a very short memory. Also, you could get guidance couselors to encourage engineering degrees, not lesb1an journalist history.
Why bring veteran's benefits into this ? Why would you take away our veterans' rights ?
Lastly, your accusation of someone being "judgemental" made milk come out my nose. Do you really hold yourself as a fair person ?
There have been several changes to the GI bill over the years. Upon my discharge, I was entitled to 4 years of college at the going rate. However due to circumstances beyond my control I was unable to attend - . Ina addition, your entitlement ended ten years following your active duty discharge.
Nowdays, the GI bill is partially paid for by contributions by the GI.
Bottom line - the Bill is not a give-a-way - it is EARNED!
Nowdays, the GI bill is partially paid for by contributions by the GI.
Bottom line - the Bill is not a give-a-way - it is EARNED!
Who is punishing banks? They will make money at the current rate if they are involved in the loans. Why punish people who have worked to get an education and will contribute more to our country as an educated person.
So, you believe all students should be punished because someone may be lesbian and major in journalism? Why do you hate people so much? All people?
I don't know where you got that idea. If I were in charge they would get four years of college free. I would keep the program and make it better.
ROFL, ROFL, ROFL!!!!
Now that is one truly funny line.
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Yes, it has changed over time. When I got out of the Army I was in that small time frame where it would not help me. It would have been very helpful if it has been there to help. I was very poor at that time, but maybe that was good ... I learned some very good lessons on handling money by being very poor.
Why is the Federal Government in the business of subsidizing loan interest for college loans for every kid that wants to go to college regardless of ability or field of study?
I am sure that everyone here knows of at least one kid that went to college on student loans only to eventually drop out without a degree - or a degree with no marketable value - or did so poorly that the degree is meaningless...
Only to be saddled with loan payments that their job would never support.
Why is the government applying such pressure to kids to borrow money way beyond their means to ever repay?
I am sure that everyone here knows of at least one kid that went to college on student loans only to eventually drop out without a degree - or a degree with no marketable value - or did so poorly that the degree is meaningless...
Only to be saddled with loan payments that their job would never support.
Why is the government applying such pressure to kids to borrow money way beyond their means to ever repay?
They will not make money if the money is not repaid!
NEGATIVE
The GI bill was started because of so many draftees who lives were disrupted due to WWII. A few years later it was found that it was a successful program because those GI vets were now making more money - thus paying more taxes. (trickle up) But these were individuals who were part of the "greatest generation" those who sacrificed to get what they received. Also there pay was very low
Today it is much different - we have a society where we think everything should be given to us. The current pay for a GI is much better than years previous. Think of it a Pvt E-1 starts at over 1,000 dollars a month - with virtually no expenses. Room and board provided.
Bottom line - retain the GI bill - but don't make it totally free.
freeatlast
New Member
I agree. The Feds need to get out of the loan business. Let private interprise do that.
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saturneptune
New Member
It is spelled enterprise. I agree also. Scripture is very clear about the federal government being involved in the administration of student loans. It is right next to the chapter that states all depression is caused by sin and treatment for it is hiding from dealing with sin.
:laugh:
From the *NWV, the only true-to-the-originals version right?
* New Wikipedia Version.
Actually it was brought on by government regulation of the banking industry which forced the banks to work to protect themselves.
What have students done to deserve a break ?
The second statement indicates you don't understand the challenge, or are being intentionally obtuse. Either way. pound sand.
If you were in charge everyone would wind up as smart as you, I'm sure.
It is an investment in America's future. We need all the educated people we can produce. Why let other countries out education us and loose our educational advantage?
An educated electorate is much more likely to produce good results for the country than an uneducated electorate.
What have they done to be punished?
I hope and pray that future generations will be smarter than you or I or the population in general?
Do you want future generations to be ignorant?
It was brought on by a lack of oversight, especially in the derivatives area of banking.
>It is an investment in America's future. We need all the educated people we can produce.
To wait on tables? Another generation and a 4 year degree will be needed to drive a garbage truck. If an employer can hire a college grad for the same wage as a HS grad he will require a 4 year degree to cut the number of job applications.
To wait on tables? Another generation and a 4 year degree will be needed to drive a garbage truck. If an employer can hire a college grad for the same wage as a HS grad he will require a 4 year degree to cut the number of job applications.
How is making them pay a loan back punishment ? Please explain this.
Doubling the interest rate on the loan certainly is not helping them!
Do you really dislike young people?
Learning to pay back a loan and learning that yes interest rates can change is a part of life. Credit Card companies increase interest rates all the time. Many because of someone credit rating going down. This is a life lessona and may help keep them from going into debt especially credit card debt. Lifes lessons are tough but we all learned them the hard way.
It seems that you are the one who has forgotten or never understood what happened in the first place.
Encouraging borrowers to take on more debt than is reasonable either with artifically low interest rates or artificially lower credit worthiness requirements is what lead to the last fiasco.
The government subsidizing the interest rates for student loans encourages kids to take on a great deal of debt that they may never be able to pay back.
Lots of college students are borrowing the whole college experience including room and board, laptop computers, clothes, etc. - not just tuition.
That government loan guarentee at 1.6% looks good on paper until you find out just how much interest has accumulated over the four years of college - let alone paying back the principal.