Just Jack Posted November 4, 2014 Share Posted November 4, 2014 Duh, no wonder, you're going to Syracuse.... http://www.syracuse.com/news/index.ssf/2014/11/syracuse_university_students_planned_sit-in_thwarted.html Earlier, as protesters had marched to the Crouse-Hinds building they chanted, "Education is a right, not just for the rich and white." Link to comment Share on other sites More sharing options...
boyst Posted November 4, 2014 Share Posted November 4, 2014 Yeah, too bad. I am sure my GF would agree with them and join them had she not worked full time thru college to support herself and education and still end up $100k+ in debt from one of the best schools in the country. Link to comment Share on other sites More sharing options...
FireChan Posted November 4, 2014 Share Posted November 4, 2014 College has become the biggest racket in the country. I figure we're a couple years away from the government wiping all the debt. Link to comment Share on other sites More sharing options...
Alaska Darin Posted November 4, 2014 Share Posted November 4, 2014 College has become the biggest racket in the country. I figure we're a couple years away from the government wiping all the debt. I don't know how that's even possible. Link to comment Share on other sites More sharing options...
GG Posted November 4, 2014 Share Posted November 4, 2014 I don't know how that's even possible. A very simple executive order, especially if the debt is owed to evil banks. Link to comment Share on other sites More sharing options...
birdog1960 Posted November 4, 2014 Share Posted November 4, 2014 A very simple executive order, especially if the debt is owed to evil banks. it's only a trillion dollars or so. how much were the evil banks bailed out and continue to be? why shouldn't qualified students get gov't loans at the same interest rates banks do? Link to comment Share on other sites More sharing options...
Chef Jim Posted November 4, 2014 Share Posted November 4, 2014 I don't know how that's even possible. It's already being done. Sure they'll have to pay taxes on the debt that is left after say 10-20 years but name me a loan where you'll eventually only pay up to 50 cents on every dollar you owe. Damn I wish they'd do that with my mortgage. Link to comment Share on other sites More sharing options...
GG Posted November 4, 2014 Share Posted November 4, 2014 it's only a trillion dollars or so. how much were the evil banks bailed out and continue to be? why shouldn't qualified students get gov't loans at the same interest rates banks do? What's a trillion between friends? The bank bailout was a temporary loan to restore market liquidity and confidence. Every bank that got a bailout, paid it back and then some. Even AIG paid back. The student loan forgiveness is a totally different animal. But why should you bother with distinctions of totally different things, even though they may have similar sounding words? Link to comment Share on other sites More sharing options...
Azalin Posted November 4, 2014 Share Posted November 4, 2014 it's a good thing so many students are graduating with degrees in useful fields of study, like art history or philosophy, or they'd never be able to pay those student loans off. Link to comment Share on other sites More sharing options...
FireChan Posted November 4, 2014 Share Posted November 4, 2014 it's a good thing so many students are graduating with degrees in useful fields of study, like art history or philosophy, or they'd never be able to pay those student loans off. But but, I was always told to follow my dreams! Link to comment Share on other sites More sharing options...
\GoBillsInDallas/ Posted November 4, 2014 Share Posted November 4, 2014 it's a good thing so many students are graduating with degrees in useful fields of study, like art history or philosophy, or they'd never be able to pay those student loans off. students mentioned in article: Ben Kuebrich https://twitter.com/bkuebrich Doctoral student in Composition and Cultural Rhetoric Colton Jones http://www.thenewsho...ial-food-system Psychology Link to comment Share on other sites More sharing options...
DC Tom Posted November 4, 2014 Share Posted November 4, 2014 students mentioned in article: Ben Kuebrich https://twitter.com/bkuebrich Doctoral student in Composition and Cultural Rhetoric Except he probably doesn't have much in the way of loans for a PhD program. Probably does for his undergrad work...which is why he's in a PhD program - professional student, deferring the loans. And his job prospects are bright, since he's all set up to be a "Professional protester/activist." Which is an actual profession. Link to comment Share on other sites More sharing options...
Chef Jim Posted November 4, 2014 Share Posted November 4, 2014 Except he probably doesn't have much in the way of loans for a PhD program. Probably does for his undergrad work...which is why he's in a PhD program - professional student, deferring the loans. And his job prospects are bright, since he's all set up to be a "Professional protester/activist." Which is an actual profession. And not to mention he'll get a gov't job thereby having the loans forgiven in 10 vs 20. Link to comment Share on other sites More sharing options...
IDBillzFan Posted November 4, 2014 Share Posted November 4, 2014 It's already being done. Sure they'll have to pay taxes on the debt that is left after say 10-20 years but name me a loan where you'll eventually only pay up to 50 cents on every dollar you owe. Damn I wish they'd do that with my mortgage. That program is going to come back to the haunt us all one day. Link to comment Share on other sites More sharing options...
birdog1960 Posted November 4, 2014 Share Posted November 4, 2014 What's a trillion between friends? The bank bailout was a temporary loan to restore market liquidity and confidence. Every bank that got a bailout, paid it back and then some. Even AIG paid back. The student loan forgiveness is a totally different animal. But why should you bother with distinctions of totally different things, even though they may have similar sounding words? exactly. the fed bought enough bonds to pay off student loans almost twice over. and these directly benefitted financial institutions and big investors. just like the artificially low interest rates...that student don't have available for their loans. Link to comment Share on other sites More sharing options...
Chef Jim Posted November 4, 2014 Share Posted November 4, 2014 That program is going to come back to the haunt us all one day. We're going to have a lot, and I mean a LOT, of people that will not be able to pay their tax bills in their lifetimes. But hey, become a university lifer you may never have to stop deferring your loan. Link to comment Share on other sites More sharing options...
GG Posted November 4, 2014 Share Posted November 4, 2014 exactly. the fed bought enough bonds to pay off student loans almost twice over. and these directly benefitted financial institutions and big investors. just like the artificially low interest rates...that student don't have available for their loans. What in the world are you talking about? How does Fed buying bonds through QE equate to forgiving consumer debt to private institutions? Why should an individual owing long term unsecured debt pay the same interest rate as an overnight borrowing by a multi-billion dollar company that posts collateral for the debt? Has anyone ever mentioned that you're a buffoon when it comes to finance? Link to comment Share on other sites More sharing options...
DC Tom Posted November 4, 2014 Share Posted November 4, 2014 What in the world are you talking about? How does Fed buying bonds through QE equate to forgiving consumer debt to private institutions? Why should an individual owing long term unsecured debt pay the same interest rate as an overnight borrowing by a multi-billion dollar company that posts collateral for the debt? Has anyone ever mentioned that you're a buffoon when it comes to finance? Fixed. Link to comment Share on other sites More sharing options...
Tiberius Posted November 4, 2014 Share Posted November 4, 2014 I don't know how that's even possible. Instead of the fed giving money directly to banks--at very low interest--they can give it to banks as repayment instead Link to comment Share on other sites More sharing options...
IDBillzFan Posted November 4, 2014 Share Posted November 4, 2014 We're going to have a lot, and I mean a LOT, of people that will not be able to pay their tax bills in their lifetimes. But hey, become a university lifer you may never have to stop deferring your loan. Or better yet, take a job working for the federal government and PRESTO! No more student debt! It's genius. Link to comment Share on other sites More sharing options...
Recommended Posts