Should they wipe out students loan debts?

[Hobie]

Uh, has anyone ever considered the expenses one incurs in college? Though I am much older, I did recently attend college. And to see how much they charge for stuff, it's like the books must be gold sheets or something. And the rentals? Ouch. If you wanna make money, go build an apartment complex and rent it out to college students only. A normal 3 bed 2 bath might run you around $900-1200/month. Whatcha do instead is rent them out to the students, and you can squeeze two into each bedroom, and charge only $300/month. You're now making bank reaping $1,800+.

That is another issue as they force you to buy a new copy, claiming it may be changed since the previous year, (rarely) even though the used copies are half as much. You haven't seem how much rentals have gone up, but that's part of the cost of education, you can get a college degree online if you want to avoid it.

But here are people running up student bills and never working one day or even in some instances not caring about the costs, and now they want to squelch on paying it back. Something about that just doesn't fly right...

 

[Centrist]

That is another issue as they force you to buy a new copy, claiming it may be changed since the previous year, (rarely) even though the used copies are half as much. You haven't seem how much rentals have gone up, but that's part of the cost of education, you can get a college degree online if you want to avoid it.

It depends. There are a number of on-line courses that are no different than those on-campus, except for course accreditation, such as American Bar Association, for most any paralegal courses, and a wide number of medical courses as well. So if you take a course without the accreditation, you might as well throw the money in the toilet.

But here are people running up student bills and never working one day or even in some instances not caring about the costs, and now they want to squelch on paying it back. Something about that just doesn't fly right...

I dunno. I kinda understand what you're saying buy at the same time personally knowing some of the people that most people would throw such a label on...it kinda rubs me wrong. In some instances you could be correct, in many though I know I would throw the blame on the college for not properly educating the students on their obligations once the loan is used.

 

[Hobie]

It depends. There are a number of on-line courses that are no different than those on-campus, except for course accreditation, such as American Bar Association, for most any paralegal courses, and a wide number of medical courses as well. So if you take a course without the accreditation, you might as well throw the money in the toilet.


I dunno. I kinda understand what you're saying buy at the same time personally knowing some of the people that most people would throw such a label on...it kinda rubs me wrong. In some instances you could be correct, in many though I know I would throw the blame on the college for not properly educating the students on their obligations once the loan is used.

Well, many of my friends are in the medical field, and they run up huge student loans..
"According to an Association of American Medical Colleges (AAMC) survey, the median M.D. graduates with $200,000 in student debt."
Physician Salary: Is It Worth the Student Debt? - Student Loan Planner
But then again they are all quickly making six figures a year once out of college as there is heavy demand for them. So its not a simple issue especially with it getting the limelight in the political arena.

 

[Centrist]

Well, many of my friends are in the medical field, and they run up huge student loans..

Ok, gotcha. And I agree.

 

[JonC]

Here is an interesting thought... Serve some time in service to your country and you won't need a student loan!... Thanks Uncle Sam!... Brother Glen

I used TA to pay for my BA and MA. Transfered my post 911 GI Bill to my son.

 

[tyndale1946]

I used TA to pay for my BA and MA. Transfered my post 911 GI Bill to my son.

Jon you're a good Daddy!... Brother Glen

 

[Hobie]

Ok, gotcha. And I agree.

I just cant help but feel its really basically pandering as many of the issues being brought to the forefront are directed to those in a growing branch of the economy or demographics.

 

[Rob_BW]

While in school, did these students eat out every night or eat ramen? Shop at the Goodwill or buy name brands? Work 2 jobs over the summer or travel? Did they go see any concerts? Get tattoos? Buy a car?

If the answer to those questions is "none of my business," then paying for the loans they willingly applied for with my taxes is also none of my business.

 

[Washad]

I worked full time in school. Two jobs in the summer. Learned you can live just fine on eggs, rice, and beans. My clothes were gifts and my social life was church. All that and my student debt is still twice my yearly salary.
To answer to the OP. No they should not wipe put these debts. It would benefit me greatly and I would no doubt experience a tremendous burden lifted but unless I get a generous benefactor who will retroactively "put me through school" I will do my best to pay the things back.
Also if I had it to do over I would have never gone to university rather than take out a single loan. Hindsight. Oh well.

 

[Hobie]

While in school, did these students eat out every night or eat ramen? Shop at the Goodwill or buy name brands? Work 2 jobs over the summer or travel? Did they go see any concerts? Get tattoos? Buy a car?

If the answer to those questions is "none of my business," then paying for the loans they willingly applied for with my taxes is also none of my business.

Oh, they were living the life while I had to stay and work over the summer to pay every penny, so I think that gives you the answer.

 

[Hobie]

I worked full time in school. Two jobs in the summer. Learned you can live just fine on eggs, rice, and beans. My clothes were gifts and my social life was church. All that and my student debt is still twice my yearly salary.
To answer to the OP. No they should not wipe put these debts. It would benefit me greatly and I would no doubt experience a tremendous burden lifted but unless I get a generous benefactor who will retroactively "put me through school" I will do my best to pay the things back.
Also if I had it to do over I would have never gone to university rather than take out a single loan. Hindsight. Oh well.

No, we have to better ourselves, so you did right. But if I had to do it over again, I wish they gave more grants according to how hard you work, maybe give a one for one dollar amount, so those who put in the 'sweat equity' could get a bit of help.

 

[Washad]

I also agree with tyndale. The military was a viable option for me. I listened to many counselors, family and friends, who were or had been in the service. All advised against it, it being the height of Iraq and beginning of Afghanistan wars. Hopefully there was wisdom in their counsel but yes, that GI bill would have been nice.

 

[Hobie]

Nothing is too good for the elite educational institutions who have proven themselves as reliable water carriers of the agenda. Cranking out leftist soldiers? Priceless. Cause them to live in the real world? Don't be silly, they have dreams of leftist utopia to sell to our children on our dollar. I guess they must be smarter, because we keep paying it.

Well, if he will add a few things to the mix like paying off my house and car, I might bite, as its only at 30 trillion for his health insurance....

https://www.washingtonpost.com/video/postlive/wplive/sen-bernie-sanders-says-medicare-for-all-would-cost-30-to-40-trillion-over-10-year-period/2019/07/16/3c9052b9-9f1e-47ed-bc4e-50e9d7007f36_video.html

and just a few trillion more for the student loan pay off, or a total 60 to 90 trillion for his economic plan depending on the breaks...
Analysis puts cost of Bernie Sanders tax plan at $60 trillion
The Unaffordable Candidate

After all, only the 'Billionaires' and "Stock Market" investors that will pay for all this, right?

Wall Street lashes out at Bernie Sanders' plan to pay off student debt with a securities trading tax - InvestmentNews