General Politics Discussion VIII [ARCHIVED] • Page 860

Also the idea that it was not forced upon us is farcical. As someone who got zero help from their parents for their college education, it was the only route I had to be able to pay for it. Don't even get me started on the bullshit they fed me on what my degree was going to get me in the "real world". Well in the real world, I don't even use my degree in the slightest. The only thing that I use my degree for is a volunteer position on my cities Parks and Recreation Commission.

 

Yeah that’s what I was trying to figure out—-if the burden of long term debt being lifted causes some people to spend that money they may be saving right now and holding onto with the expectation of needing to pay it towards the loans down the line.

I mean obviously if the entire economy is closed down for a few months it won’t spend anywhere but grocery stores lol. But I wonder if there’s a lot of pent up capital just sitting in people’s bank accounts right now that would suddenly get spent on bigger ticket items (even homes?) when the economy opens back up more if we have a large forgiveness happen.

 

Damn this feels like a lifetime ago (and is very interesting from a historical point of view)

 

You didn't give any reasons why you're not in favor of it. Just a personal responsibility thing? Seems pretty flimsy compared to all the good it would do.

 

yeah the “what he can do” seems to be sketchy on those details so far from what I’ve read. Some tales say he can do it, others say it has to be federal loans only, etc.

 

I can tell you first hand that is exactly where I am at. The pause has allowed me to grow my savings like I never actually thought possible. If I knew I my loans were gone next year, I would be starting the process of potentially looking at homes. Though I am still unsure on the timing because the housing market is nuts and I think it will come back to reality at some point.

 

Moreover, the financial barriers to education/job training/skills development just shouldn’t exist. There is no reason to charge people to go to college, let alone charge them exorbitant tuition costs. It’s better for our society if we allow people to be educated or trained to the level they want/need to be.

 

The personal responsibility thing pisses me off as well. You are talking about 18 year old kids at the start. As someone who was a first generation college graduate, I had no idea on how to navigate the crazy fucking system we have in this country. Neither did my parents because they never went through it. That is why many people struggling the most with college debt, are among many things first time college attendees. Then we get into people that never even finished their degree and/or went to for profit colleges. Add on top that many of those are minorities and I don't get the pearl clutching of "personal responsibility".

 

But aoc is a rabble router

 

Another aspect of student loans that I haven't seen commented on here: both federal and private student loans are not, in most cases, able to be discharged through bankruptcy. The lender wants to lend as much as they can and it's pretty much risk free for them.

The companies in this industry doing the lending, of course, don't have any limitations relative to other industries if they have to seek bankruptcy protections.

 

yup, another reason they're uniquely fucked up in terms of debt. also very few other types of loans where it's normal for your massive payments to never so much as tiptoe near the principal.

 

also wages have stagnated while the cost of education has sky rocketed

 

Pssssst, there's no tuition here in Germany. You can apply for a student loan from the state and after graduating you have 20 years to pay it back. The maximum u have to pay back is 10.000 euros. But as there is no tuition, you can basically leave university without any debt.

I know, American universities, when it comes to research, are the best worldwide. But German universities are quite strong, too, internationally and it shows that it can work without tuition.

I don't think universities should be run like companies. It's about research and innovation, and shouldn't be a business. Sadly there is quite a trend recently to implement economical logics into the German university system, so we need to push back hard against that. Bottom line: big universities should be state funded and thereby be accessible to everyone without ruining your financial future.

 

But try explaining any of this to the folks in charge over here who realized that without the draft there was no other way to force poor folks into military service

 

Fuck it seems so obvious now that he was winning in retrospect.. Our country loves a dominant male personality, no matter how disgusting it was.

 

Obama's student loan policy was absolute dogshit.

 

seriously, those BYU kids are the worst! first they ruined Velour and now they're ruining the whole state... i joke, but i'm also actually pissed and frustrated, to put it mildly. scared for my wife who actually has to go out into the wild to teach rich Park City kids...

last week during their lunch, one of her 13 year old students kept taking his mask off, so my wife had to tell him repeatedly to put it on, and then he snapped and called her and everyone else sheep for wearing masks and "COVID isn't even real anyway!" and then he flipped my wife off. so yeah, shit heads like that are all over the place, and it's the worst...

some of her students have been having sleepovers on weekends together and stuff too, like there isn't a fucking pandemic going on.

 

Yikes

 

wow

 

But how are you supposed to build character and learn fiscal responsibility without the crushing debt and anxiety of decisions you made when you still thought Boondock Saints was an amazing film?

 

My eyes roll back into my head when I see the words “personal responsibility.” I can see my brain now

 

Here's another fun tidbit from my 2 hour stint on Parler a couple days ago:

I saw a comment from a woman on there that said "71 million people voted for Trump. isn't that over half the country's population? He should have been called the winner!"

 

Well, it's not like EVERYONE goes to university here, either. I come from a working class family and my brother and I were the first ever in our family to actually go to university.

In Germany, the system is a bit different (with its own darksides) :

After elementary school (grade 1-4), children get sent to one out of three high-school types, based on their GPA.

The lowest rank ends after grade 9, the second after grade 10, and the highest after grade 12.

Only if you graduate from the highest school rank you can immediately go to university.

The other two ranks usually give you the opportunity for a 3 year job apprenticeship where you work for a company and go to "job school" two days a week.

In between there are several intermediary schools that give people from rank 2 and 3 schools the opportunity to get a degree that is comparable to a rank 1 school. This usually takes 2 years and after that u can also go to university.

BUT: for a lot of, also goos, jobs you dont even need a university degree as the dual apprenticeship system (learning in a company +job school) is well liked here. My best friend for example had a good paying job at a bank, and he never went to university.

Also: most elementary and high schools are public here, i know noone who went to a private school.

The big disadvantage: imo kids after grade 4 are way too young to be selected for a certain type of school that is based on their GPA.