http://www.foxbusiness.com/features...trump-to-forgive-their-student-loan-debt.html
Pay your own damn bills.
Pay your own damn bills.
Screw these fools.
- Thread starter Walter Brennaneer
- Start date
New York recently passed legislation that is going to provide free tuition to any of their SUNY locations (which include community colleges and four-year). Some of the SUNY locations provide very good educations and are D1 athletics. Of course, there are limitations; in the first year, if your parents make more than $100,000, you are ineligible . . . by the third year, the cap increases to $125,000.
So, it is definitely focused on helping the lower class, lower-middle class, and standard middle class, which I have no problem with.
I think it will give D1 coaches in sports a huge advantage. At the FCS level, you can split scholarships. But if a kid already has his tuition covered, you can now just pay for his room & board and it essentially gives him a full-ride while only accounting for a partial scholarship.
So, it is definitely focused on helping the lower class, lower-middle class, and standard middle class, which I have no problem with.
I think it will give D1 coaches in sports a huge advantage. At the FCS level, you can split scholarships. But if a kid already has his tuition covered, you can now just pay for his room & board and it essentially gives him a full-ride while only accounting for a partial scholarship.
I'll say this...dollar for dollar, in the last recession forgiving student loans would have sparked the economy more than saving banks. There's a reason no one is building starter homes, and it is student loan debt.
If a kid was stupid enough to get loans and spend 4 years at Tulane getting a sociology degree, they deserve to be saddled with crushing debt for years to come. If money is not plentiful in your family then attend the closest in-state school. If one is not close enough to live at home then go to a branch or community college for the first two years to reduce your costs, or take online courses.
(Caution, old man rant to follow)
Back in my day, you borrowed what you had to for tuition and books. Then you worked evenings and summers (and I worked construction every spring and Christmas break). Kids nowadays max loans so they can have money for nice apartments, drinking money, and new iPhones without having to work while in school.
(Caution, old man rant to follow)
Back in my day, you borrowed what you had to for tuition and books. Then you worked evenings and summers (and I worked construction every spring and Christmas break). Kids nowadays max loans so they can have money for nice apartments, drinking money, and new iPhones without having to work while in school.
I know teachers and business degree people that cannot afford a home until their 40's. Tuition really shot up after a certain point in the early 00's...a combination of the economy, state cuts to budgets, schools charging whatever the fvck because loans were easy, etc. Wages didn't go up. It is what it is.
Oddly, I kind of enjoy renting. I have been renting since my divorce. It's nice to not have to spring for crazy shit on little notice...damn water heater and AC. no cost to me. And home improvements...Jesus, women love to blow money on paint and new hardwood floors. I'll probably buy a little fixer-upper in a couple of years. Then sell it at retirement and build on my land in WV.
I will say this regarding buying a home. millenials don't want a "starter" home in the classic sense of the word. They want a house in the hipster neighborhood with the micro brewery down the road.
Every town has a microbrewery? Shit, I am impressed. God bless America.
So if I can use opinions and one-person knowledge as facts, here goes. We have existing starter homes, built in the 60's, near our two microbreweries. They sell very quickly. Except for the one the serial killer lived and dismembered bodies in, ate dead titties in, and buried bodies out back. I don't think that one is going to sell. But our builders are all crazy with $200k+ homes. The $100k homes (now in build value) were built before the crash. I don't think that's a coincidence. We also have a glut of $1k rent apartments. It's a strange market here. And across the river, Louisville's new hip neighborhoods all started as trashy AF and young people bought homes and fixed up before the cool places opened. There is a demand for starter homes, for sure.
For many people, private colleges are actually more affordable than in-state schools.
