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Never having had a job in business, Biden teaches ethics.
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Jun 2, 2022 19:27:13   #
jcboy3
 
btbg wrote:
Why should I pay for someone else's education. No one paid for mine. No one was forced to take a student loan. My daughter didn't graduate from college until she was 30 because she didn't want to go into debt. Now you want her to pay for someone who was irresponsible and took out a loan that was bigger than they could pay for.

The cause of all of this is people borrowing money to get college degrees that are worthless, or to pay for schools that cost more than necessary. Go to Yale instead of community college and then a state university in your own state and you have lots of extra debt. Who's fault is that? Not mine.
Why should I pay for someone else's education. No ... (show quote)


Well, mine was paid for. I got scholarships, Vietnam Veteran waivers, VA benefits, waived tuition, and even took out a student loan in my last year of graduate school to buy a new car and stereo. So thanks to someone for paying for my education. If you're old enough, you helped pay.

Everyone has a different situation. But something has to be wrong with the system that lets people run up hundreds of thousands of dollars in student loans with a slim chance of repaying them. That needs to be stopped, and the people suckered into that situation need relief.

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Jun 2, 2022 19:40:03   #
travelwp Loc: New Jersey
 
jcboy3 wrote:
Well, mine was paid for. I got scholarships, Vietnam Veteran waivers, VA benefits,


Im happy to help a Vietnam Veteran ! Good luck soldier.

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Jun 2, 2022 22:42:40   #
cwp3420
 
travelwp wrote:
Love the 9v reference .


Lately 9 volts posting are closer in line with the AAA batteries. They’re much weaker than his 9 volt.

Reply
 
 
Jun 3, 2022 00:35:26   #
travelwp Loc: New Jersey
 
cwp3420 wrote:
Lately 9 volts posting are closer in line with the AAA batteries. They’re much weaker than his 9 volt.



Reply
Jun 3, 2022 02:34:57   #
btbg
 
jcboy3 wrote:
Well, mine was paid for. I got scholarships, Vietnam Veteran waivers, VA benefits, waived tuition, and even took out a student loan in my last year of graduate school to buy a new car and stereo. So thanks to someone for paying for my education. If you're old enough, you helped pay.

Everyone has a different situation. But something has to be wrong with the system that lets people run up hundreds of thousands of dollars in student loans with a slim chance of repaying them. That needs to be stopped, and the people suckered into that situation need relief.
Well, mine was paid for. I got scholarships, Viet... (show quote)


Yes there is something wrong with the system. We let people borrow too much money and they are so foolish that they do it. That's not my problem. If you can't afford a car don't buy one. If you can't afford a house don't buy one. If you can't afford to pay for college don't go. See how simple that is. Why should anyone else pay because someone was stupid and now doesn't want to pay back what they owe?

It would be like saying that we are going to forgive all mortgages. Would you be in favor of that? Because there is no difference. Many people borrow too much on a house also, and then they end up in foreclosure and or bankruptcy. No difference.

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Jun 3, 2022 06:02:30   #
Triple G
 
btbg wrote:
Yes there is something wrong with the system. We let people borrow too much money and they are so foolish that they do it. That's not my problem. If you can't afford a car don't buy one. If you can't afford a house don't buy one. If you can't afford to pay for college don't go. See how simple that is. Why should anyone else pay because someone was stupid and now doesn't want to pay back what they owe?

It would be like saying that we are going to forgive all mortgages. Would you be in favor of that? Because there is no difference. Many people borrow too much on a house also, and then they end up in foreclosure and or bankruptcy. No difference.
Yes there is something wrong with the system. We l... (show quote)


They are very different. At least now, mortgage applications and approvals are based on income and ability to pay and if not sufficient downpayment, then extra in PMI. Education loans are not granted on ability to repay.

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Jun 3, 2022 10:21:02   #
FrumCA
 
jcboy3 wrote:
They took the loans, the couldn't get the jobs that paid enough to pay them off.

Even if they go bankrupt, they can't get out of the student loans.

They were lied to, conned, and ruined.

The lesson? Yours is just petty. It's a mess, and cleaning it up means making it harder to get student loans and clearing out the bad loans.

The change that caused all of this was the reduction in state support for college. Of course, your argument would be that you don't want to pay for someone else's education. By extension, you don't want to pay for anything that doesn't benefit you.
They took the loans, the couldn't get the jobs tha... (show quote)

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Jun 3, 2022 10:25:53   #
FrumCA
 
jcboy3 wrote:
They took the loans, the couldn't get the jobs that paid enough to pay them off.

Even if they go bankrupt, they can't get out of the student loans.

They were lied to, conned, and ruined.

The lesson? Yours is just petty. It's a mess, and cleaning it up means making it harder to get student loans and clearing out the bad loans.

The change that caused all of this was the reduction in state support for college. Of course, your argument would be that you don't want to pay for someone else's education. By extension, you don't want to pay for anything that doesn't benefit you.
They took the loans, the couldn't get the jobs tha... (show quote)

Why should I pay for someone else's debt? This is typical leftist BS thinking. By extension you assume liability then move to pass on the responsibility to settle it to someone else. Moreover, I would like to see the stats you used to arrive at the conclusion you cited in the first sentence.

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Jun 3, 2022 10:25:55   #
lbrande
 
jcboy3 wrote:
The problem with student loans? First, students clearly don't have resources to repay the loan. The loan is given to help them get those resources. So it's less a loan than an investment (as most business loans are as well). Second, student loan relief through bankruptcy is an expensive process and is rarely successful. And third, these loans are targeted at young people along with promises that they will be able to repay them with jobs that likely are not available.

Given the state of the student loan situation, it appears to be both predatory and self-perpetuating. It is ruining many lives, and should be stopped. A more rational repayment scheme needs to be instituted, which caps repayment durations and amounts.
The problem with student loans? First, students c... (show quote)


Bull. It depends upon the degree you've received. My daughter is repaying her $225k load $2k/month...and she is still saving money and able to purchase a new car (3 yrs ago).

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Jun 3, 2022 10:28:16   #
wilpharm Loc: Oklahoma
 
cwp3420 wrote:
Lately 9 volts posting are closer in line with the AAA batteries. They’re much weaker than his 9 volt.


he is losing his charge rapidly....

Reply
Jun 3, 2022 10:37:00   #
dennis2146 Loc: Eastern Idaho
 
jcboy3 wrote:
The problem with student loans? First, students clearly don't have resources to repay the loan. The loan is given to help them get those resources. So it's less a loan than an investment (as most business loans are as well). Second, student loan relief through bankruptcy is an expensive process and is rarely successful. And third, these loans are targeted at young people along with promises that they will be able to repay them with jobs that likely are not available.

Given the state of the student loan situation, it appears to be both predatory and self-perpetuating. It is ruining many lives, and should be stopped. A more rational repayment scheme needs to be instituted, which caps repayment durations and amounts.
The problem with student loans? First, students c... (show quote)


Of course students don’t have resources to pay the loan. But you must be conveniently forgetting they borrowed that loan money to go to college to learn something that would give them the resources to pay back the loan. If they learned nothing, have no knowledge or skill sets that is their fault. Why should I as a taxpayer foot the bill for them if they are stuck on Stupid?

Dennis

Reply
 
 
Jun 3, 2022 10:41:48   #
dennis2146 Loc: Eastern Idaho
 
jcboy3 wrote:
They took the loans, the couldn't get the jobs that paid enough to pay them off.

Even if they go bankrupt, they can't get out of the student loans.

They were lied to, conned, and ruined.

The lesson? Yours is just petty. It's a mess, and cleaning it up means making it harder to get student loans and clearing out the bad loans.

The change that caused all of this was the reduction in state support for college. Of course, your argument would be that you don't want to pay for someone else's education. By extension, you don't want to pay for anything that doesn't benefit you.
They took the loans, the couldn't get the jobs tha... (show quote)


And whose fault was that? Explain how they were lied to. They took the money but apparently did not fulfill their part of the bargain, to learn and get a job. Plenty of jobs out there. Everyone is hiring. Easy Peasy. Get job-Pay back loan. All it takes is honesty and ethics, two commodities missing from you on the Left.

Dennis

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Jun 3, 2022 11:31:39   #
btbg
 
Triple G wrote:
They are very different. At least now, mortgage applications and approvals are based on income and ability to pay and if not sufficient downpayment, then extra in PMI. Education loans are not granted on ability to repay.


Mortgages are not entirely approved based on ability to pay. That used to be the case, and people used to have to put at least 10 percent down, but that is no longer the case.

Look at the number of foreclosures happening in the U.S. No way all of those people had the ability to pay.

Anyone who takes any loan without being aware of the conditions of the loan it is their problem. There is no reason that people who have taken care of their money and been responsible financially should have to pay for bailing out the unresponsible. That is just plain wrong.

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Jun 3, 2022 11:43:14   #
travelwp Loc: New Jersey
 
btbg wrote:
There is no reason that people who have taken care of their money and been responsible financially should have to pay for bailing out the unresponsible. That is just plain wrong.



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Jun 3, 2022 11:47:50   #
BlackRipleyDog
 
travelwp wrote:
Remember when he touched gasoline, it was around $2.00 a gallon.


Yep. I remember paying $2.89 for ethanol-free gas when President TRUMP was in office. Today I paid $5.89 for my boat and small engines. Biden did that in less than 18 months. Just imagine where it will be in another 30 months.

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