5 ms·

So, the government got involved in student loans, encouraged people who should have entered trades to get irrelevant degrees, significantly inflated the cost of

by windows2020 4y ago

So, the government got involved in student loans, encouraged people who should have entered trades to get irrelevant degrees, significantly inflated the cost of tuition, and is now not only rewarding poor decisions and debt, but is making others pay for it? This is egregious vote buying during a period of high inflation! And who making $125K needs a $10K discount on their loans!? A friend intentionally stopped paying his a while back in anticipation. What a joke.

IceMetalPunk 4y ago
> So, the government got involved in student loans, encouraged people who should have entered trades to get irrelevant degrees, significantly inflated the cost of tuition, and is now not only rewarding poor decisions and debt, but is making others pay for it? If 10,000 people pay $1 each, none of them have any problems. If one person pays $10,000, it's a big problem, and possibly even life-ruining or inaccessible. "Making others pay for it" is a skewed perspective on what's really happening when taxes pay for public services, or services that should be public. Speaking of "should be public" -- who are you to decide whether other people "should have entered trades" instead of attending university? Many people don't attend higher education because they can't afford it, and you're basically saying that means they just should go straight to work and shouldn't even try to get an education? > And who making $125K needs a $10K discount on their loans!? A friend intentionally stopped paying his a while back in anticipation. What a joke. If your friend was affording his payments, then it sounds like your friend is a selfish dick. To answer your question: many people. I'm not at $125k, but I left college with $60k in debt, and I didn't even attend the top tier of costly schools, and I had grants to lower that amount. I'm making $80k now, and if you compare those numbers, it might seem like that's no big deal -- 80 > 60 after all, right? But then you subtract income taxes, and my disposable income is actually closer to $52k. Then you subtract my expenses which are more important than paying off student loan debt -- food, water, electricity, phone bill, mortgage, and internet (which I need for my job at least) -- and account for interest accrual... I'm 7 years out of college and I'll be paying those loans for at least another decade or two. So the answer is "probably quite a few people", especially when you consider the correlation between better university education (i.e. more expensive) and higher-paying jobs.

IceMetalPunk 4y ago

> So, the government got involved in student loans, encouraged people who should have entered trades to get irrelevant degrees, significantly inflated the cost of tuition, and is now not only rewarding poor decisions and debt, but is making others pay for it? If 10,000 people pay $1 each, none of them have any problems. If one person pays $10,000, it's a big problem, and possibly even life-ruining or inaccessible. "Making others pay for it" is a skewed perspective on what's really happening when taxes pay for public services, or services that should be public. Speaking of "should be public" -- who are you to decide whether other people "should have entered trades" instead of attending university? Many people don't attend higher education because they can't afford it, and you're basically saying that means they just should go straight to work and shouldn't even try to get an education? > And who making $125K needs a $10K discount on their loans!? A friend intentionally stopped paying his a while back in anticipation. What a joke. If your friend was affording his payments, then it sounds like your friend is a selfish dick. To answer your question: many people. I'm not at $125k, but I left college with $60k in debt, and I didn't even attend the top tier of costly schools, and I had grants to lower that amount. I'm making $80k now, and if you compare those numbers, it might seem like that's no big deal -- 80 > 60 after all, right? But then you subtract income taxes, and my disposable income is actually closer to $52k. Then you subtract my expenses which are more important than paying off student loan debt -- food, water, electricity, phone bill, mortgage, and internet (which I need for my job at least) -- and account for interest accrual... I'm 7 years out of college and I'll be paying those loans for at least another decade or two. So the answer is "probably quite a few people", especially when you consider the correlation between better university education (i.e. more expensive) and higher-paying jobs.