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- Desert Fox
- Posts: 18283
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The drum beat begins
Last edited by Desert Fox on Sat Jan 27, 2018 2:11 am, edited 2 times in total.
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- Posts: 884
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Re: The dumb beat beginnings
angry boomers with pitchforks in the comments section who don't understand that there are real reasons people go to more expensive/prestigious schools (i.e. to have a chance at actually getting a job), not to brag at parties
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Re: The dumb beat beginnings
curry1 wrote:
angry boomers with pitchforks in the comments section who don't understand that there are real reasons people go to more expensive/prestigious schools (i.e. to have a chance at actually getting a job), not to brag at parties
Seriously. The comments sections are always filled with stories of boomers saying they worked during college to pay for it, and act like millennials are just super lazy and don't work during school. Today, even working full time during school is not enough to pay for undergrad, let alone law school.
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Re: The dumb beat beginnings
AZ123 wrote:curry1 wrote:
angry boomers with pitchforks in the comments section who don't understand that there are real reasons people go to more expensive/prestigious schools (i.e. to have a chance at actually getting a job), not to brag at parties
Seriously. The comments sections are always filled with stories of boomers saying they worked during college to pay for it, and act like millennials are just super lazy and don't work during school. Today, even working full time during school is not enough to pay for undergrad, let alone law school.
just do pay 50k in tuition + 15-20 k in living expenses per year by working a part-time minimum wage job. Even many good in-state schools for UG like the UCs in-state cost of attendance is listed at ~35k a year, so ~150k over four years assuming you don't get screwed on registration. Also, many/most good jobs are effectively inaccessible to people who don't go to good/great schools, both at the UG and grad levels. https://www.admission.ucla.edu/prospect/budget.htm
- cavalier1138
- Posts: 8007
- Joined: Fri Mar 25, 2016 8:01 pm
Re: The drum beat begins
Back in my day, we created untenable financial crises for the following generation that we would subsequently blame on their perceived laziness. But do you hear us complaining?
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- A. Nony Mouse
- Posts: 29293
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Re: The drum beat begins
Foxy's just jealous no one intends to forgive his $300+k debt (or whatever it's at by now).
- Desert Fox
- Posts: 18283
- Joined: Thu Sep 04, 2014 4:34 pm
Re: The drum beat begins
Mad jealousA. Nony Mouse wrote:Foxy's just jealous no one intends to forgive his $300+k debt (or whatever it's at by now).
Last edited by Desert Fox on Sat Jan 27, 2018 2:11 am, edited 1 time in total.
- star fox
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Re: The drum beat begins
I'd be cool with making the school that received the money from the student the federal government lent to being put on the hook for the amount of forgiveness.
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Re: The drum beat begins
Shots fired.WSJ wrote:Growing evidence, however, suggests many of the most hard-pressed borrowers—college dropouts who owe less than $10,000—aren’t taking advantage of the programs and instead workers with graduate degrees, including some doctors and lawyers who don’t necessarily need the help, are.
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Re: The drum beat begins
Future refiers might not even be safe.WSJ wrote:And some borrowers with graduate-school loans are refinancing their debt at lower interest rates with private lenders such as SoFi. Congress, through legislation, has set higher interest rates for grad students than undergrads to ensure the programs don’t lose money. When private lenders pick off those borrowers, the surpluses dwindle.
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Re: The drum beat begins
bk1 wrote:Shots fired.WSJ wrote:Growing evidence, however, suggests many of the most hard-pressed borrowers—college dropouts who owe less than $10,000—aren’t taking advantage of the programs and instead workers with graduate degrees, including some doctors and lawyers who don’t necessarily need the help, are.
lol at conflating doctors and lawyers
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Re: The drum beat begins
schools have needed skin in the game forever, beyond stupid that we've allowed this incentive structure in higher edstar fox wrote:I'd be cool with making the school that received the money from the student the federal government lent to being put on the hook for the amount of forgiveness.
one of the primary lessons of the financial crash is that you can't let the people who originate loans dump off all the risk
- NCGuy
- Posts: 1802
- Joined: Sun Jul 31, 2011 12:20 am
Re: The drum beat begins
https://www.washingtonpost.com/news/gra ... 5691e119ff
It seems more of an attack on the Department of Education than the programs itself. This seems important:
It seems more of an attack on the Department of Education than the programs itself. This seems important:
I can't see a scenario where PAYE and PSLF goes away for current borrowers. Even Obama's PSLF cap only applied to new borrowers.Enzi said at the very least there needs to be greater transparency in the way education officials calculate costs, but his office said he is not calling for any major changes to the repayment plans at the moment.
Last edited by NCGuy on Sat Jan 27, 2018 11:27 am, edited 1 time in total.
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- brinicolec
- Posts: 4479
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Re: The drum beat begins
Maybe WSJ needs to write a piece on why doctors and lawyers who would presumably not need the help actually seriously do lolbk1 wrote:Shots fired.WSJ wrote:Growing evidence, however, suggests many of the most hard-pressed borrowers—college dropouts who owe less than $10,000—aren’t taking advantage of the programs and instead workers with graduate degrees, including some doctors and lawyers who don’t necessarily need the help, are.
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Re: The drum beat begins
Lol. "Even" Obama's plan??? That would be BEST case scenario not worst. We're in worst territory.NCGuy wrote:https://www.washingtonpost.com/news/gra ... 5691e119ff
It seems more of an attack on the Department of Education than the programs itself. This seems important:
I can't see a scenario where PAYE and PSLF goes away for current borrowers. Even Obama's PSLF cap only applied to new borrowers.Enzi said at the very least there needs to be greater transparency in the way education officials calculate costs, but his office said he is not calling for any major changes to the repayment plans at the moment.
- A. Nony Mouse
- Posts: 29293
- Joined: Tue Sep 25, 2012 11:51 am
Re: The drum beat begins
Because of Trump? He's actually proposed a better income-based plan.
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