Your Opinion On Student Loan Forgiveness

[VaporTrail]

I did not know interest rates ran that high for housing way back when. I'd like to see if the end cost of a home is comparable after being adjusted for inflation. For the current rates, they're back up to 5%. I locked in at 3.2 before it got crazy, but the house would have sold for 75% what I paid if I had the opportunity to buy it pre-pandemic.

[Westside Steve]

@vaportrail said:

I did not know interest rates ran that high for housing way back when. I'd like to see if the end cost of a home is comparable after being adjusted for inflation. For the current rates, they're back up to 5%. I locked in at 3.2 before it got crazy, but the house would have sold for 75% what I paid if I had the opportunity to buy it pre-pandemic.

"Historical Mortgage Rates: Averages and Trends from the 1970s to 2019 - ValuePenguin" https://www.valuepenguin.com/mortgages/historical-mortgage-rates

[D Bone]

I bought my 1st house in 1990 when I was just 23 years old. I paid $114,990 for it and my one and only approved loan option had a $101,000 lending limit to a 1st time home buyer and my interest rate was 12%. I had to come in with over $18K of cash to close and my payments were just over $1,200 per month - of '90s money.

Boy was my house cheap..... I was so very privileged.

[MLD Woody]

The house I bought 5 years ago was $250k And now the Zillow estimate is over $330k... Crazy

No idea house the housing market compares now vs back then, but I know for a fact college is much, much more expensive

[Westside Steve]

@mld-woody said:

The house I bought 5 years ago was $250k And now the Zillow estimate is over $330k... Crazy

No idea house the housing market compares now vs back then, but I know for a fact college is much, much more expensive

My dad oh, may he rest in peace, told me years ago he remembers Grandpa wondering if he'd ever be able to make eight $22 a month house payment.

WSS

[Vambo]

@mld-woody said:

The house I bought 5 years ago was $250k And now the Zillow estimate is over $330k... Crazy

No idea house the housing market compares now vs back then, but I know for a fact college is much, much more expensive

NO SUCH THING AS FREE LUNCH

Expert warns of severe economic impact if Biden cancels student debt

[Browns149]

I think if you take out student loans, as with any loan, you should have to pay them back.  
The interest rates on student loans should be very low though

But having buyers remorse, because you got a degree that costs $80,000. And  that degree, is in a field that you can’t get a job to pay it back, is your own stupid fault

[calfoxwc]

there seems to be a whole subculture of refusal to accept responsibility for one's actions - as in, no consequences because it is "not fair".

There is legislation now, not passed yet, that would allow abortions up to 7 days AFTER BIRTH. To them, a red line is just another line to eventually cross. It was 28 days, I heard, but they changed it to only 7 days.

Student loans - permissible mob crime in big democrat cities. open borders. dangerous criminals let in again and again and ....again...

getting degrees in nonsense "fields" that dont' yeild good jobs, or any job. drug traffic - they are release from facing consequences....

but it gets a lot of votes to the leftwing marxists who perpetuate it - and on and on the madness goes.

It won't end soon, and will get far worse before it ever does end.

[MLD Woody]

@browns149 said:

I think if you take out student loans, as with any loan, you should have to pay them back.  
The interest rates on student loans should be very low though

But having buyers remorse, because you got a degree that costs $80,000. And  that degree, is in a field that you can’t get a job to pay it back, is your own stupid fault

Student loans are the symptom

Hyper inflated college costs are the disease

You provide some level of student loan forgiveness for those suffering now and then you reform college tuition.

Easy for people to say "just pay it off. Don't sign something you can't pay off. Blah blah blah". But going to college is basically required for most careers. Yes, people should consider trades, but you still need a lot of people going to college.

[calfoxwc]

they should still be responsible for their decisions. Go to school at home? in state? save money?

or, go to a party school on the beach in californica or Florida?

if gullible feeeeelllllings students choose smartly, they would not GO to those expensive schools....

those colleges would not charge so much to go to college. They would not throw money around like it was leaves in a forest.

So many students decide they want to go away to college- be on their "own".

ok, then they are responsible by themselves and their not smart decisions based on their feelings.

[MLD Woody]

@calfoxwc said:

they should still be responsible for their decisions. Go to school at home? in state? save money?

or, go to a party school on the beach in californica or Florida?

if gullible feeeeelllllings students choose smartly, they would not GO to those expensive schools....

those colleges would not charge so much to go to college. They would not throw money around like it was leaves in a forest.

So many students decide they want to go away to college- be on their "own".

ok, then they are responsible by themselves and their not smart decisions based on their feelings.

You're doing the same thing Steve's doing. You're creating a strawman. You're deciding, in your mind, what type of students go into student loan debt. Once you've made up that they're all irresponsible, go to party schools, whatever... Then you can justify your beliefs. 

You FEEL that these students must be like that. 

I'm not surprised, as you do this with most arguments on here. 

[Axe]

[Browns149]

@mld-woody said:

Student loans are the symptom

Hyper inflated college costs are the disease

You provide some level of student loan forgiveness for those suffering now and then you reform college tuition.

Easy for people to say "just pay it off. Don't sign something you can't pay off. Blah blah blah". But going to college is basically required for most careers. Yes, people should consider trades, but you still need a lot of people going to college.

There shouldn’t be loan forgiveness. If you can’t afford something,  DON’T BUY IT!!!!!

[MLD Woody]

@browns149 said:

There shouldn’t be loan forgiveness. If you can’t afford something,  DON’T BUY IT!!!!!

That "something" though is the key to having a future for most people. The next step in their lives. 

You cure the disease but fixing college costs

But you need to go back through and get some loan forgiveness to those suffering now, to not screw up their lives more. 

[MLD Woody]

@axe said:

Everyone pays taxes for things that don't directly affect them. They do it because it's better for our country as a whole. 

[Browns149]

@mld-woody said:

That "something" though is the key to having a future for most people. The next step in their lives. 

You cure the disease but fixing college costs

But you need to go back through and get some loan forgiveness to those suffering now, to not screw up their lives more. 

They CHOSE to screw up their lives by taking on these bad loans they couldn’t afford, and never will afford 

I agree the cost of college is high and the loans are high interest. But if you CHOOSE  that path, KNOWING that, then that’s on you. 

You shouldn’t be able to benefit from your lack of ability to understand simple economics after the fact 

[calfoxwc]

@mld-woody said:

You're doing the same thing Steve's doing. You're creating a strawman. You're deciding, in your mind, what type of students go into student loan debt. Once you've made up that they're all irresponsible, go to party schools, whatever... Then you can justify your beliefs. 

You FEEL that these students must be like that. 

I'm not surprised, as you do this with most arguments on here. 

no, I KNOW KIDS who have done this the past three years. You don't understand squat - you just posture your stupid anti crap, and project your weaknesses on the arguments of other posters who do know what they are talking about. We have friends right NOW whose daughter went to a party school - out of state - enormous loans, and she left after two years, came back to Ohio, and improved her grades bigtime, so I speak out of experience/observation/understanding. Not all kids do this, but too many do, woodpecker.

[DieHardBrownsFan1]

They should grant 'mortgage forgiveness' for anyone over 50.    Also 'Car loan forgiveness'.  

[hammertime]

@diehardbrownsfan1 said:

They should grant 'mortgage forgiveness' for anyone over 50.    Also 'Car loan forgiveness'.  

Absolutely!  

[MLD Woody]

@browns149 said:

They CHOSE to screw up their lives by taking on these bad loans they couldn’t afford, and never will afford 

I agree the cost of college is high and the loans are high interest. But if you CHOOSE  that path, KNOWING that, then that’s on you. 

You shouldn’t be able to benefit from your lack of ability to understand simple economics after the fact 

You're missing the necessity of it all. And the full cost involved

It's a generational thing I guess. Some of you are two far removed from the effects of all of this. Unfortunately, since senators and representatives work until they die, it might be a while until the issue is resolved. You can all tell us how you paid for college whole flipping burgers part time until that point....

We won't get anywhere here