Student Debt Tsunami

[ohio herd]

I saw this on Social Media today. I know we have discussed this before briefly, but there are some serious points brought up by some of the Tweets. ( Take a moment and look at the link).Since 1987 tuition costs have gone up 183%

https://www.boredpanda.com/student-...yNa280-7cmMdNJ81vVkKZ79_w8_6eNAwAaBd-g2GcX3u4

Here are a few things to ponder. PS I do not know if every claim is 100% accurate.

Here is a good article on the crisis.

https://www.forbes.com/sites/zackfriedman/2018/06/13/student-loan-debt-statistics-2018/#98712617310f

I know there are different viewpoints on here as to who should be loaning money.For starters they should make the Govt loans interest free. I agree it is an issue just not sure how to fix that one. To me the bigger issue is total debt. I am concerned about the sheer volume of debt....1.5 trillion. With so many in debt it seems that future generations will never be able to buy homes. It seems to me that universities are responsible for most of this. One guy listed tuition at Yale in 1970 as 2500. As of 2017 that was 45,000. Adjusted for inflation the real cost should have been a little over 15,000. There you go ……...

 

[Raoul Duke MU]

tuition at Yale

I think private schools are not an issue, they are charging what the market will bear and have zero responsibility to invest in the future of the states they are located in. Public education is public and subsidized for a reason. And the decreasing of these subsidies is an issue.

 

[ohio herd]

I think private schools are not an issue, they are charging what the market will bear and have zero responsibility to invest in the future of the states they are located in. Public education is public and subsidized for a reason. And the decreasing of these subsidies is an issue.

I hear you but schools like Yale have huge endowment s and do not need to charge so much. Plus I would add that illustration was given by a student in debt to point out that schools are raising tuition well beyond the rate of inflation.

 

[marshallisqbu]

College is too expensive but if you signed up to take out the debt knowing one day you would have to pay it back, I don’t want to hear you bitching.

It wasn’t a surprise you would have to pay the money back.


-Signed,
Someone who started with $250,000 in student loan debt.

 

[herdfan429]

College is too expensive but if you signed up to take out the debt knowing one day you would have to pay it back, I don’t want to hear you bitching.

It wasn’t a surprise you would have to pay the money back.


-Signed,
Someone who started with $250,000 in student loan debt.

I agree entirely. Use the loans for school only, dont live off of them, get a job to pay for other expenses and get a degree in something useful, not 17th century transgender studies. And yes I know med school/law school are exceptions when it comes to getting a job and not living off of loans

 

[extragreen]

I agree entirely. Use the loans for school only, dont live off of them, get a job to pay for other expenses and get a degree in something useful, not 17th century transgender studies. And yes I know med school/law school are exceptions when it comes to getting a job and not living off of loans

Loan forgiveness is not being supported solely for individuals, it's to improve the economy by allowing former students purchase homes, cars, etc. Here you are again whining about helping people while the rich and corporations suck up tax payer money like a vacuum cleaner.

 

[herdfan429]

Loan forgiveness is not being supported solely for individuals, it's to improve the economy by allowing former students purchase homes, cars, etc. Here you are again whining about helping people while the rich and corporations suck up tax payer money like a vacuum cleaner.

Yeah sorry I’m not buying loan forgiveness. I went out to college out of state. Worked while in school and made all of my payments on time, paid my loans back.

 

[extragreen]

Yeah sorry I’m not buying loan forgiveness. I went out to college out of state. Worked while in school and made all of my payments on time, paid my loans back.

Irrelevant.^^
But you supported a tax cut for the already rich.

 

[Y.A.G Si Ye Nots]

For starters they should make the Govt loans interest free.
.

YOU'RE A SOCIALIST!!!!!!!!!

 

[herdfan429]

Irrelevant.^^
But you supported a tax cut for the already rich.

Yep and I got one too and Im far from rich.

 

[extragreen]

Yep and I got one too and Im far from rich.

So, you really don't mind higher federal deficits and greater national debt. Not to mention part or all of your tax break will be nullified by higher costs due to tariffs.

 

[ohio herd]

YOU'RE A SOCIALIST!!!!!!!!!

Ha ha well I am requiring them to pay back what they borrow , just give them a break in the interest which is causing many to drown in debt

 

[Y.A.G Si Ye Nots]

Ha ha well I am requiring them to pay back what they borrow , just give them a break in the interest which is causing many to drown in debt

THAT'S SOCIALISM! YOU WANT TO USE MY MONEY TO GIVE LOANS TO OTHERS WITH NO INTEREST!

 

[extragreen]

THAT'S SOCIALISM!

Yep, for the rich.
Capitalism for the poor.