11–20 of 51 posts
Student debt cancellation was a cheap scheme to buy votes from some of the nation's dumbest. Most of the people underwater on student debt were seeking useless degrees in the first place, with no practical plan to pay back the debt from day one. It's similar to expecting the government to pay off your credit card bill after buying that jet ski.
Student debt cancellation was a cheap scheme to buy votes from some of the nation's dumbest. Most of the people underwater on student debt were seeking useless degrees in the first place, with no practical plan to pay back the debt from day one. It's similar to expecting the government to pay off your credit card bill after buying that jet ski.
I think we really need to tackle this. Some people just make stupid decisions. Maybe they don't know any better? Maybe they are dreamers?
Someone I know personally got a "useless" degree, I have told her multiple times to do research on what prospects she will have after graduation and what kind of ROI she can expect. She got the loans anyway and ended up taking a job that she could have gotten without the education. Total waste of 4 years.
I think art is essential for us humans, but do we need art degrees?
We also need to tackle the cost of higher education.
I'm glad. Students got a break. 2 years+ of 0 payments and 0 interest. I took advantage of it and finished paying off my loans. Some individuals I know were purchasing fun cars because the loans were getting "cancelled". You take on DEBT, you should have an expectation of paying it.
Anyway, charging interest on tuition debt seems so backwards to me. We should reward people getting educated, not punish them.
Student debt cancellation was a cheap scheme to buy votes from some of the nation's dumbest. Most of the people underwater on student debt were seeking useless degrees in the first place, with no practical plan to pay back the debt from day one. It's similar to expecting the government to pay off your credit card bill after buying that jet ski.
In most countries around the world higher education is free (or almost free) if you have the grades to be admitted, it's very a natural process. The fact that you have to take enormous debts to be allowed to study (which is your only hope for social mobility) in the U.S is the exception and is honestly crazy to me. How can you even speak of 'merit' in such society?
Student debt cancellation was a cheap scheme to buy votes from some of the nation's dumbest. Most of the people underwater on student debt were seeking useless degrees in the first place, with no practical plan to pay back the debt from day one. It's similar to expecting the government to pay off your credit card bill after buying that jet ski.
Would this proposal also have included tuition free education or would future generations still accumulate debt for overpriced education?
Maybe one of the Europeans can chime in, don't the Germans offer tuition free education BUT it must be for a productive degree (e.g. STEM) and there are serious academic qualifications that have to be met. At that point you can just consider it a government-funded scholarship, it's not free money, there are conditions to be met.
Student debt cancellation was a cheap scheme to buy votes from some of the nation's dumbest. Most of the people underwater on student debt were seeking useless degrees in the first place, with no practical plan to pay back the debt from day one. It's similar to expecting the government to pay off your credit card bill after buying that jet ski.
While I agree, read my other comment. I think we really need to tackle this. Some people just make stupid decisions. Maybe they don't know any better? Maybe they are dreamers? Someone I know personally got a "useless" degree, I have told her multiple times to do research on what prospects she will have after graduation and what kind of ROI she can expect. She got the loans anyway and ended up taking a job that she co…
However, I find it super interesting hearing people talk about how terrible high inflation or high interest rates for loans/mortgages are today. All while student loan interest rates have been higher for decades.
Not that the government can’t or shouldn’t do something along these lines, but it needs to be Congress right? Commentary about this seemed to split along party lines so not sure if there is some legitimate interpretation where this might be constitutional…
Earlier quoted context omitted.
While I agree, read my other comment. I think we really need to tackle this. Some people just make stupid decisions. Maybe they don't know any better? Maybe they are dreamers? Someone I know personally got a "useless" degree, I have told her multiple times to do research on what prospects she will have after graduation and what kind of ROI she can expect. She got the loans anyway and ended up taking a job that she co…
I would say yes, a society where people study what excites them is a desirable thing. Totally incompatibile with reality nowadays it seems but desirable nonetheless. In other words, I'd like to live in a world where people can follow their passion and don't have to worry about paying their medical bills. I think that makes for a more interesting society.
All my decisions are based on efficiency and ROI. I have build up a decent net worth but my happiness has been trending down.
Earlier quoted context omitted.
Would this proposal also have included tuition free education or would future generations still accumulate debt for overpriced education?
It's a complex problem. Personally I don't think we should be issuing loans for degrees which will not render a successful career path in which to pay back that loan. Similar to how when you apply for a mortgage or other loan, your income and other means of paying the loan back are verified and approved before the loan is granted. Maybe one of the Europeans can chime in, don't the Germans offer tuition free education…
Full-time studies (in the Polish language) at the state Higher Education Institutions (HEIs) are free for Polish students and foreigners who commence studies in Poland on terms applicable to Polish citizens (see: define your status). These include citizens of the EU/EEA and students who hold the Polish Charter (Karta Polaka). All other foreigners are required to pay tuition fees that on average are the following:
EUR 2000 per year for the first, second and long cycle studies,
EUR 3000 per year for postgraduate as well as scientific, arts, specialist and post-doctoral internships,
EUR 2000 per year for an annual preparatory Polish language course to commence studies in Polish