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OT: American Politics

cmon3 said:
If the job you can get doesn’t pay enough to justify the cost of the education then yes that’s exactly what I’m saying. If it costs $100,000,000 to get through med school and that is going to start you at $100,000 per at age 30 then it’s a bad investment for anyone. If you want to spend your own money to do it anyway then go for it. But we shouldn’t be paying for someone’s bad investment.

But if it typically ends you up with $200k in loans and you start at 100k and end up at 200k in 10 years then you don’t need someone to pay off your loans.

If you decide you want a degree in basket weaving with an expected income of 0 you shouldn’t be able to get a loan for that because how are you going to pay it back? Only those who want to pay their own way through should be able to get degrees that are a bad investment.

Bottom like is personal responsibility. If you really want a basket weaving degree go ahead - it’s your dream- knock yourself out but the taxpayers shouldn’t pay off your loans.
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You may want to check your math and factor in the interest rates for the loans. After 10 years the principal barely gets moved.
 
Wayward DP said:
you're going to have to come to grips with the fact that you're not gonna like how every penny of your tax dollars are spent.
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I understand that. It’s bad policy. I already don’t like how every penny is spent.
Wayward DP said:
I think it is worth trying to address the systemic problems created by the current student loan racket at a governmental level, instead of punishing individuals who were coerced by that very same system into incurring unsustainable debt loads. also, if you have a recent graduate who is working, if you help them with their debt, all the money they were putting into their debt goes to other parts of the economy. rising tides lift all boats.
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They were not coerced. They’re college material for crying out loud. Are you telling me a college level 18 year old doesn’t understand he’s going to have to pay off the loans he takes out?

At the same time I’ve already stated if you want to proceed with paying off their loans then fix the system first. The university system is price gouging. Why didn’t Harris campaign on price controls for universities?
 
cmon3 said:
I understand that. It’s bad policy. I already don’t like how every penny is spent.

They were not coerced. They’re college material for crying out loud. Are you telling me a college level 18 year old doesn’t understand he’s going to have to pay off the loans he takes out?

At the same time I’ve already stated if you want to proceed with paying off their loans then fix the system first. The university system is price gouging. Why didn’t Harris campaign on price controls for universities?
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Probably because that is communism and wouldn't fly.

Honestly trump should do it.
 
cmon3 said:
I understand that. It’s bad policy. I already don’t like how every penny is spent.

They were not coerced. They’re college material for crying out loud. Are you telling me a college level 18 year old doesn’t understand he’s going to have to pay off the loans he takes out?

At the same time I’ve already stated if you want to proceed with paying off their loans then fix the system first. The university system is price gouging. Why didn’t Harris campaign on price controls for universities?
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What she did campaign on was eliminating the university requirement for Government employment.
 
cmon3 said:
I understand that. It’s bad policy. I already don’t like how every penny is spent.

They were not coerced. They’re college material for crying out loud. Are you telling me a college level 18 year old doesn’t understand he’s going to have to pay off the loans he takes out?

At the same time I’ve already stated if you want to proceed with paying off their loans then fix the system first. The university system is price gouging. Why didn’t Harris campaign on price controls for universities?
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If you asked the average 18 year old college kid how much of the principle they would pay after any length of time with a standard interest rate, I bet most people would not pick anywhere close to the value. Finance is basically not taught to kids.

You need to either spend as much as you do in rent, or else you're probably doubling the amount you borrowed in interest payments. Should they know and understand that? Yeah. But it's also not good to financially cripple people for not knowing everything at 18.
 
worm said:
I understand. I have things I do not want the govt paying for either.

Are you fine with taxpayers paying for grade school?
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Yes but I have mixed feelings about it. Compulsory free education is maybe not the best approach. Tends to not be valued. Too many kids not learning the basics. We’re paying the price now.

worm said:
imo university (post secondary, trade school) should be paid for by tax payers
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Maybe at some basic level. Post secondary drives salary. So If I want a bigger salary I decide to go to school for 10 years at taxpayer expense and then also make more money. I don’t like that aspect.

worm said:
I half joke that a university degree is basically what grade 12 was a generation ago. Very hard to find a decent job with only grade 12.

Paying off student loans is a half measure though. Have to fix the system at some point but that would likely be an even bigger hit to the average tax payer.
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but ypu have to keep fixing it. I think you fix it by getting rid of the loans. Schools will be forced to find a way to make it affordable.
worm said:
I do find it pretty stupid that society expects someone to pick a career at 17. Myself I got an IT diploma before switching to Poli Sci
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Agreed.
 
WellPlayed said:
Feed hungry kids? "I don't give a shit, I'm not poor."

Forgive my accountant wife's student debt because she partied in Uni? Yes, please. Pulling ourselves up by our bootstraps is hard.

This from the guy invested in the good of society because he has kids.
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There was a 6,000 dollar tax credit Harris promised to families with newborns and his wife is pregnant.
 
But when you decide on a field of study you have an idea of the salary you’re looking at and a projected idea of what a typical career in that field is going to look like financially.
 
cmon3 said:
Is it working? It’s not. Kids are not learning the basics. Kids are ready for college apparently and don’t understand basic loans.
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I have mixed feelings about this. Actually, not that mixed.

That’s because their parents are clueless too. Hence the necessity to add financial literacy to math curricula which is kinda ridiculous. Should be stuff like quadratic equations, trig and probability theory to prep for more advanced studies. Or trig and good math skills for trades (you do not want a carpenter who sucks at math.)

I mean, financial literacy… these are basic life skills. Is that the school’s fault?
 
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cmon3 said:
But when you decide on a field of study you have an idea of the salary you’re looking at and a projected idea of what a typical career in that field is going to look like financially.
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A lot of people switch occupations. It’s only the highly regulated jobs (mostly in health fields) that have low mobility.
 
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