statefan91 said:

---

packgrad said:

---

statefan91 said:

---

Seems like am economic tool to get money pumped into the economy. A bunch of people with more monthly cash to spend on consumer goods and raise tax revenue as well.

Biden's Press Secretary he is on board to forgive $10k of student debt held by Federal Loans. I would only want to see it paired with mechanisms to try to combat the cost of college education.

---

That's not the way loans work. Yeah, if people don't have to pay loans back, they have more money to spend on other things. The logic behind that being ok is a bit mind boggling though.

---

What is the issue with the logic of forgiving portions of student debt? Are you worried that it's a hand out like the Farmer subsidies? Or maybe that it's a hand out like the 2017 Tax Cut that primarily cut corporations taxes and ballooned national debt? Let's not pretend Republicans are fiscal conservatives again .

---

The tax cuts did "NOT" cause exploding deficits. That is the progressive's view that doesn't rationalize itself! The thinking is that lowering taxes would essentially lower the receipts to the treasury. That didn't happen! In fact, the opposite happened!

The problem with exploding deficits is "100%" related to spending!!! You are WRONG!

Steve Williams said:

---

Just for arguments sake, the kids/parents that did without, worked two jobs, saved, etc to pay their bills on time...what do they get other than the opportunity to pay off someone else's loan.

---

A better economy? Isn't the argument to a paying taxes to open new schools when you don't have kids. Or building a road in a part of the county/state that you don't live in. Not all government spending is intended to directly impact every tax payer.

I'm not a fan of the 50k number, my preference would be 10k or a % percentage forgiveness after every ten years of on time payments. I'm not sure of the numbers but 50k feels high to me. I'd also like the interest on federal student loans to be zero.

These types of things would be the "gain" for people not directly impacted by the program today, because they would be applied to future/current students

pineknollshoresking said:

---

statefan91 said:

---

packgrad said:

---

statefan91 said:

---

Seems like am economic tool to get money pumped into the economy. A bunch of people with more monthly cash to spend on consumer goods and raise tax revenue as well.

Biden's Press Secretary he is on board to forgive $10k of student debt held by Federal Loans. I would only want to see it paired with mechanisms to try to combat the cost of college education.

---

That's not the way loans work. Yeah, if people don't have to pay loans back, they have more money to spend on other things. The logic behind that being ok is a bit mind boggling though.

---

What is the issue with the logic of forgiving portions of student debt? Are you worried that it's a hand out like the Farmer subsidies? Or maybe that it's a hand out like the 2017 Tax Cut that primarily cut corporations taxes and ballooned national debt? Let's not pretend Republicans are fiscal conservatives again .

---

The tax cuts did "NOT" cause exploding deficits. That is the progressive's view that doesn't rationalize itself! The thinking is that lowering taxes would essentially lower the receipts to the treasury. That didn't happen! In fact, the opposite happened!

The problem with exploding deficits is "100%" related to spending!!! You are WRONG!

---

Did the GOP cut spending when they cut taxes?

Steve Williams said:

---

Democrats are re-introducing legislation on student debt cancellation in Congress, calling on President Joe Biden to cancel $50,000 in federal student loan debt.

https://www.yahoo.com/finance/news/student-debt-cancellation-biden-195336847.html

---

Several POTUS have done this. Why the uproar now? I will say I want some type of tax credit for mine and my wife's loans that we paid off

statefan91 said:

---

Have taxes been raised?

---

Trumps "middle class cuts" expire next year or soon after I believe

Glasswolf said:

---

statefan91 said:

---

Have taxes been raised?

---

Trumps "middle class cuts" expire next year or soon after I believe

---

Do you think presidential tax cuts should be eternal?

WPNfamily said:

---

Glasswolf said:

---

Steve Williams said:

---

Democrats are re-introducing legislation on student debt cancellation in Congress, calling on President Joe Biden to cancel $50,000 in federal student loan debt.

https://www.yahoo.com/finance/news/student-debt-cancellation-biden-195336847.html

---

Several POTUS have done this. Why the uproar now? I will say I want some type of tax credit for mine and my wife's loans that we paid off

---

Curious who the several are. Can you elaborate. I don't remember hearing this idea before from a POTUS.

---

The answer is zero. But if you're a Democrat, you can say you were almost murdered or several presidents have forgiven $50k in student loans, and it magically becomes true.

Ground_Chuck said:

---

pineknollshoresking said:

---

statefan91 said:

---

packgrad said:

---

statefan91 said:

---

Seems like am economic tool to get money pumped into the economy. A bunch of people with more monthly cash to spend on consumer goods and raise tax revenue as well.

Biden's Press Secretary he is on board to forgive $10k of student debt held by Federal Loans. I would only want to see it paired with mechanisms to try to combat the cost of college education.

---

That's not the way loans work. Yeah, if people don't have to pay loans back, they have more money to spend on other things. The logic behind that being ok is a bit mind boggling though.

---

What is the issue with the logic of forgiving portions of student debt? Are you worried that it's a hand out like the Farmer subsidies? Or maybe that it's a hand out like the 2017 Tax Cut that primarily cut corporations taxes and ballooned national debt? Let's not pretend Republicans are fiscal conservatives again .

---

The tax cuts did "NOT" cause exploding deficits. That is the progressive's view that doesn't rationalize itself! The thinking is that lowering taxes would essentially lower the receipts to the treasury. That didn't happen! In fact, the opposite happened!

The problem with exploding deficits is "100%" related to spending!!! You are WRONG!

---

Did the GOP cut spending when they cut taxes?

---

Look over here... look over there...

Did either party ever cut spending? No! Again, read the post above before you ask a question out of context...

packgrad said:

---

Glasswolf said:

---

statefan91 said:

---

Have taxes been raised?

---

Trumps "middle class cuts" expire next year or soon after I believe

---

Do you think presidential tax cuts should be eternal?

---

I do. It then becomes the next congress and president to change tax laws.

Unless you are contracting new construction that still doesn't qualify as "stimulus"

That's my point. With student loan amounts and the interest rates associated with them, payments are typically significant for a lot of folks. You take that away or even lower it and I know at least in my situation, I can accomplish that. That is literally the thing that is holding me back from beginning a new build.

I understand not everyone is in my situation, but there are individuals and families that could really benefit from this.

People talk about the loans because it's the shiny object, but you can't fix that problem without addressing the fact that government intervention in the student debt business has caused education prices to explode. Schools know that they can charge whatever and with six clicks of a mouse that student can pay the bill.

Problem is more magnified on the graduate level where there are less restrictions on amounts loaned so schools are then able to inflate cost more and then engage in funky-accounting to put off more cost to grad students.

Any bill that forgives debt without addressing the government's role in inflating costs is dangerous because the next generation of students will face the same thing.

Additionally, keep in mind that these loans bear interest. Not sure what interest rate the government "borrows" money, but treasury bonds are at record low rates and the current applicable federal rate for debt is 1.45%. So the government, by charging 6%-7% is, theoretically, using these loans as a profit-center to fund other programs. There has been some controversy over the years about whether student loan interest is funding programs or debt relief....but the fact is that the government is making a profit on interest payments.

I'm sympathetic to borrowers because they were caught in this accounting game with the government and there isn't much that they can do about it.

bsorry11 said:

---

People talk about the loans because it's the shiny object, but you can't fix that problem without addressing the fact that government intervention in the student debt business has caused education prices to explode. Schools know that they can charge whatever and with six clicks of a mouse that student can pay the bill.

Problem is more magnified on the graduate level where there are less restrictions on amounts loaned so schools are then able to inflate cost more and then engage in funky-accounting to put off more cost to grad students.

Any bill that forgives debt without addressing the government's role in inflating costs is dangerous because the next generation of students will face the same thing.

Additionally, keep in mind that these loans bear interest. Not sure what interest rate the government "borrows" money, but treasury bonds are at record low rates and the current applicable federal rate for debt is 1.45%. So the government, by charging 6%-7% is, theoretically, using these loans as a profit-center to fund other programs. There has been some controversy over the years about whether student loan interest is funding programs or debt relief....but the fact is that the government is making a profit on interest payments.

I'm sympathetic to borrowers because they were caught in this accounting game with the government and there isn't much that they can do about it.

---

I'm not. There were other ways to solve this problem and 99% of people decided not to take another route

cowboypack02 said:

---

bsorry11 said:

---

People talk about the loans because it's the shiny object, but you can't fix that problem without addressing the fact that government intervention in the student debt business has caused education prices to explode. Schools know that they can charge whatever and with six clicks of a mouse that student can pay the bill.

Problem is more magnified on the graduate level where there are less restrictions on amounts loaned so schools are then able to inflate cost more and then engage in funky-accounting to put off more cost to grad students.

Any bill that forgives debt without addressing the government's role in inflating costs is dangerous because the next generation of students will face the same thing.

Additionally, keep in mind that these loans bear interest. Not sure what interest rate the government "borrows" money, but treasury bonds are at record low rates and the current applicable federal rate for debt is 1.45%. So the government, by charging 6%-7% is, theoretically, using these loans as a profit-center to fund other programs. There has been some controversy over the years about whether student loan interest is funding programs or debt relief....but the fact is that the government is making a profit on interest payments.

I'm sympathetic to borrowers because they were caught in this accounting game with the government and there isn't much that they can do about it.

---

I'm not. There were other ways to solve this problem and 99% of people decided not to take another route

---

I do not believe that statistic of 99% to be true. What other routes are there other than just not going to school for that specific purpose and working a trade job? Honestly, most healthcare providers worked their tails off before, during, and after school to try to limit their loan burden, but they still have them. For most medical and PA/NP schools, you had to work for patient hours anyways. These professional schools are not affordable even when working multiple jobs for multiple years.

Furthermore, 20% of student loans are held by individuals with a professional or doctorate degree. Another 36% have at least a Masters degree. If loans were not available (and school tuition remains the same or continues to elevate), we will not have many people going into these areas, such as doctors, PAs/NPs, college professors, researchers, etc. We really need these people especially in the more rural areas of the country.

Student Loans by Demographic

Here's another good resource in a question and answer format:
Who owes debt and who would benefit from forgiveness

cowboypack02 said:

---

bsorry11 said:

---

People talk about the loans because it's the shiny object, but you can't fix that problem without addressing the fact that government intervention in the student debt business has caused education prices to explode. Schools know that they can charge whatever and with six clicks of a mouse that student can pay the bill.

Problem is more magnified on the graduate level where there are less restrictions on amounts loaned so schools are then able to inflate cost more and then engage in funky-accounting to put off more cost to grad students.

Any bill that forgives debt without addressing the government's role in inflating costs is dangerous because the next generation of students will face the same thing.

Additionally, keep in mind that these loans bear interest. Not sure what interest rate the government "borrows" money, but treasury bonds are at record low rates and the current applicable federal rate for debt is 1.45%. So the government, by charging 6%-7% is, theoretically, using these loans as a profit-center to fund other programs. There has been some controversy over the years about whether student loan interest is funding programs or debt relief....but the fact is that the government is making a profit on interest payments.

I'm sympathetic to borrowers because they were caught in this accounting game with the government and there isn't much that they can do about it.

---

I'm not. There were other ways to solve this problem and 99% of people decided not to take another route

---

What are the other ways that student loan borrowers (presuming they are the 99%) could have prevented the government from taking over the student loan market and allowing colleges to artificially inflate prices?

packgrad said:

---

Glasswolf said:

---

statefan91 said:

---

Have taxes been raised?

---

Trumps "middle class cuts" expire next year or soon after I believe

---

Do you think presidential tax cuts should be eternal?

---

When the tax cuts passed they had to pass through budget reconciliation and only got 51 senators so it barely happened at all. You would have to have an actual legislation with 60 senators voting yes in order to make them fixed. The democrats said hell no. They weren't going to work with Trump no matter what. So I don't want to hear any democrats crying about the expiration for the tax cuts. Your leaders made the issue so you have the issue... just like with many other things.

Lol republicans are so anti-consumer, pro-business it's remarkable to me.

Nobody bats an eye when Trump slashes Corporate tax rates, which were supposed to benefit workers at all levels via higher pay, more bonuses, etc. EXCEPT in extremely predictable fashion, all those companies used the extra cash they weren't paying in taxes to do stock buybacks which benefit nobody other than their investors and management team that get bonuses based on stock price. It's even to the point that some republicans have talked about ending those stock buybacks. Trickle down my ass. Why aren't yall outraged about that?

Now there's an idea that very obviously benefits individual Americans instead of large corporations, and you all have a fit. So predictable.

When republicans pass a soup kitchen for the homeless, do they pull over, storm inside and DEMAND their fair share of the free soup? "HOW DARE YOU USE MY TAX DOLLARS TO FEED THESE HUNGRY PEOPLE SOUP!?" Lol it wouldn't surprise me. So ****ing greedy it's insane.

IDK why this cracked me up so much LOL

acslater1344 said:

---

Lol republicans are so anti-consumer, pro-business it's remarkable to me.

Nobody bats an eye when Trump slashes Corporate tax rates, which were supposed to benefit workers at all levels via higher pay, more bonuses, etc. EXCEPT in extremely predictable fashion, all those companies used the extra cash they weren't paying in taxes to do stock buybacks which benefit nobody other than their investors and management team that get bonuses based on stock price. It's even to the point that some republicans have talked about ending those stock buybacks. Trickle down my ass. Why aren't yall outraged about that?

Now there's an idea that very obviously benefits individual Americans instead of large corporations, and you all have a fit. So predictable.

---

I don't want to get it off topic b/c I know this is about loans.

But that is certainly not what happened across the board. There are big corporations that are quite frankly going to do bad things no matter what policy is in place. There are some very wealthy oligarchs in this country that pretty much assist our politicians in running this country. They keep an eye on what gov't is doing and whether it's a more republican style policy or democrat style policy they have the pulse of what to do to enrich themselves further and screw others. But the tax cuts didn't just help those *******s. It helped a lot of small businesses like my family business which was able to give more bonuses and even increase our payroll. It helped individuals as well... a vast majority.

And investors can include general public as well, like traders, mutual funds, retirements and others.

But lets increase the corporate tax again b/c that will teach those evil CEO's. They'll instead invest more overseas as they were doing and probably lay off more workers. Like I said... they got their finger on the pulse no matter what.

acslater1344 said:

---

When republicans pass a soup kitchen for the homeless, do they pull over, storm inside and DEMAND their fair share of the free soup? "HOW DARE YOU USE MY TAX DOLLARS TO FEED THESE HUNGRY PEOPLE SOUP!?" Lol it wouldn't surprise me. So ****ing greedy it's insane.

---

Looks like this deranged Democrat doesn't understand how soup kitchens are primarily funded. Nor does he realize which party gives more money to charities.

But, TTTTTRRRUUUUMMMMPPP!!

packgrad said:

---

acslater1344 said:

---

When republicans pass a soup kitchen for the homeless, do they pull over, storm inside and DEMAND their fair share of the free soup? "HOW DARE YOU USE MY TAX DOLLARS TO FEED THESE HUNGRY PEOPLE SOUP!?" Lol it wouldn't surprise me. So ****ing greedy it's insane.

---

Looks like this deranged Democrat doesn't understand how soup kitchens are primarily funded. Nor does he realize which party gives more money to charities.

But, TTTTTRRRUUUUMMMMPPP!!

---

lol of course you respond to this post and not the one about actual policy / corporate buybacks. I wonder why...

and it doesn't take a mathematician to understand why republicans give more money to charity on a gross basis. how else are repulsively rich people suppose to sleep at night? lol

It used to be that if you couldn't afford going to a four year university you went to community college first to save up and transfer after a few years. Or some would even just work to save up without going to CC.

There had been a renaissance of sorts with people getting their associates in a trade and eventually going into business for themselves.

I hate the idea of someone not having the resources to get themselves through college, but I also do not believe it is fair for some folks to do whatever it takes to get through college and pay their loans off while some could just have the ledger wiped clean.

The one question that continues to go unanswered is why does a four year tuition cost as much as they do these days? Is it all necessary?

acslater1344 said:

---

packgrad said:

---

acslater1344 said:

---

When republicans pass a soup kitchen for the homeless, do they pull over, storm inside and DEMAND their fair share of the free soup? "HOW DARE YOU USE MY TAX DOLLARS TO FEED THESE HUNGRY PEOPLE SOUP!?" Lol it wouldn't surprise me. So ****ing greedy it's insane.

---

Looks like this deranged Democrat doesn't understand how soup kitchens are primarily funded. Nor does he realize which party gives more money to charities.

But, TTTTTRRRUUUUMMMMPPP!!

---

lol of course you respond to this post and not the one about actual policy / corporate buybacks. I wonder why...

and it doesn't take a mathematician to understand why republicans give more money to charity on a gross basis. how else are repulsively rich people suppose to sleep at night? lol

---

It doesn't surprise me you whataboutism with TRUMP instead of explaining why student loans should be forgiven. There was zero policy in your post.

Your poor example of soup kitchens and Republican greed was too easy to call out. It's apparent you haven't given to one. Some might call that Democrat greed.


And lol at Republicans being repulsively rich. You should really consider a little thought before posting, and maybe if you're just unaware, a little research.

packgrad said:

---

acslater1344 said:

---

packgrad said:

---

acslater1344 said:

---

When republicans pass a soup kitchen for the homeless, do they pull over, storm inside and DEMAND their fair share of the free soup? "HOW DARE YOU USE MY TAX DOLLARS TO FEED THESE HUNGRY PEOPLE SOUP!?" Lol it wouldn't surprise me. So ****ing greedy it's insane.

---

Looks like this deranged Democrat doesn't understand how soup kitchens are primarily funded. Nor does he realize which party gives more money to charities.

But, TTTTTRRRUUUUMMMMPPP!!

---

lol of course you respond to this post and not the one about actual policy / corporate buybacks. I wonder why...

and it doesn't take a mathematician to understand why republicans give more money to charity on a gross basis. how else are repulsively rich people suppose to sleep at night? lol

---

It doesn't surprise me you whataboutism with TRUMP instead of explaining why student loans should be forgiven. There was zero policy in your post.

Your poor example of soup kitchens and Republican greed was too easy to call out. It's apparent you haven't given to one. Some might call that Democrat greed.


And lol at Republicans being repulsively rich. You should really consider a little thought before posting, and maybe if you're just unaware, a little research.

---

forgive me for not engaging in deeply researched discussion on the ****ing Water Cooler, lol. I just come here to get a chuckle out of all the sore-losing, pissed off republicans. you didn't let me down! see ya next week!

acslater1344 said:

---

packgrad said:

---

acslater1344 said:

---

packgrad said:

---

acslater1344 said:

---

When republicans pass a soup kitchen for the homeless, do they pull over, storm inside and DEMAND their fair share of the free soup? "HOW DARE YOU USE MY TAX DOLLARS TO FEED THESE HUNGRY PEOPLE SOUP!?" Lol it wouldn't surprise me. So ****ing greedy it's insane.

---

Looks like this deranged Democrat doesn't understand how soup kitchens are primarily funded. Nor does he realize which party gives more money to charities.

But, TTTTTRRRUUUUMMMMPPP!!

---

lol of course you respond to this post and not the one about actual policy / corporate buybacks. I wonder why...

and it doesn't take a mathematician to understand why republicans give more money to charity on a gross basis. how else are repulsively rich people suppose to sleep at night? lol

---

It doesn't surprise me you whataboutism with TRUMP instead of explaining why student loans should be forgiven. There was zero policy in your post.

Your poor example of soup kitchens and Republican greed was too easy to call out. It's apparent you haven't given to one. Some might call that Democrat greed.


And lol at Republicans being repulsively rich. You should really consider a little thought before posting, and maybe if you're just unaware, a little research.

---

forgive me for not engaging in deeply researched discussion on the ****ing Water Cooler, lol. I just come here to get a chuckle out of all the sore-losing, pissed off republicans. you didn't let me down! see ya next week!

---

So you're trolling. Congratulations. Very mature.

Consider donating to your local soup kitchen.

bsorry11 said:

---

cowboypack02 said:

---

bsorry11 said:

---

People talk about the loans because it's the shiny object, but you can't fix that problem without addressing the fact that government intervention in the student debt business has caused education prices to explode. Schools know that they can charge whatever and with six clicks of a mouse that student can pay the bill.

Problem is more magnified on the graduate level where there are less restrictions on amounts loaned so schools are then able to inflate cost more and then engage in funky-accounting to put off more cost to grad students.

Any bill that forgives debt without addressing the government's role in inflating costs is dangerous because the next generation of students will face the same thing.

Additionally, keep in mind that these loans bear interest. Not sure what interest rate the government "borrows" money, but treasury bonds are at record low rates and the current applicable federal rate for debt is 1.45%. So the government, by charging 6%-7% is, theoretically, using these loans as a profit-center to fund other programs. There has been some controversy over the years about whether student loan interest is funding programs or debt relief....but the fact is that the government is making a profit on interest payments.

I'm sympathetic to borrowers because they were caught in this accounting game with the government and there isn't much that they can do about it.

---

I'm not. There were other ways to solve this problem and 99% of people decided not to take another route

---

What are the other ways that student loan borrowers (presuming they are the 99%) could have prevented the government from taking over the student loan market and allowing colleges to artificially inflate prices?

---

There are other ways to pay for college outside of taking out a loan. Everyone seems to want to go to the loan route first, but it can be done without it.

PackPA2015 said:

---

cowboypack02 said:

---

bsorry11 said:

---

People talk about the loans because it's the shiny object, but you can't fix that problem without addressing the fact that government intervention in the student debt business has caused education prices to explode. Schools know that they can charge whatever and with six clicks of a mouse that student can pay the bill.

Problem is more magnified on the graduate level where there are less restrictions on amounts loaned so schools are then able to inflate cost more and then engage in funky-accounting to put off more cost to grad students.

Any bill that forgives debt without addressing the government's role in inflating costs is dangerous because the next generation of students will face the same thing.

Additionally, keep in mind that these loans bear interest. Not sure what interest rate the government "borrows" money, but treasury bonds are at record low rates and the current applicable federal rate for debt is 1.45%. So the government, by charging 6%-7% is, theoretically, using these loans as a profit-center to fund other programs. There has been some controversy over the years about whether student loan interest is funding programs or debt relief....but the fact is that the government is making a profit on interest payments.

I'm sympathetic to borrowers because they were caught in this accounting game with the government and there isn't much that they can do about it.

---

I'm not. There were other ways to solve this problem and 99% of people decided not to take another route

---

I do not believe that statistic of 99% to be true. What other routes are there other than just not going to school for that specific purpose and working a trade job? Honestly, most healthcare providers worked their tails off before, during, and after school to try to limit their loan burden, but they still have them. For most medical and PA/NP schools, you had to work for patient hours anyways. These professional schools are not affordable even when working multiple jobs for multiple years.

Furthermore, 20% of student loans are held by individuals with a professional or doctorate degree. Another 36% have at least a Masters degree. If loans were not available (and school tuition remains the same or continues to elevate), we will not have many people going into these areas, such as doctors, PAs/NPs, college professors, researchers, etc. We really need these people especially in the more rural areas of the country.

Student Loans by Demographic

Here's another good resource in a question and answer format:
Who owes debt and who would benefit from forgiveness

---

I don't know if the 99% number is factually correct. I should of elaborated on that more. Sorry about that.

There are companies that will pay for a college degree if you work there

There are also other routes that you can take to greatly lower the cost of your degree like going to a community college for the first few years to cut your cost from a 4 year university.

Some state governments will pay for college if you agree to work in a more rural setting. It can be done.

I did it...

cowboypack02 said:

---

PackPA2015 said:

---

cowboypack02 said:

---

bsorry11 said:

---

People talk about the loans because it's the shiny object, but you can't fix that problem without addressing the fact that government intervention in the student debt business has caused education prices to explode. Schools know that they can charge whatever and with six clicks of a mouse that student can pay the bill.

Problem is more magnified on the graduate level where there are less restrictions on amounts loaned so schools are then able to inflate cost more and then engage in funky-accounting to put off more cost to grad students.

Any bill that forgives debt without addressing the government's role in inflating costs is dangerous because the next generation of students will face the same thing.

Additionally, keep in mind that these loans bear interest. Not sure what interest rate the government "borrows" money, but treasury bonds are at record low rates and the current applicable federal rate for debt is 1.45%. So the government, by charging 6%-7% is, theoretically, using these loans as a profit-center to fund other programs. There has been some controversy over the years about whether student loan interest is funding programs or debt relief....but the fact is that the government is making a profit on interest payments.

I'm sympathetic to borrowers because they were caught in this accounting game with the government and there isn't much that they can do about it.

---

I'm not. There were other ways to solve this problem and 99% of people decided not to take another route

---

I do not believe that statistic of 99% to be true. What other routes are there other than just not going to school for that specific purpose and working a trade job? Honestly, most healthcare providers worked their tails off before, during, and after school to try to limit their loan burden, but they still have them. For most medical and PA/NP schools, you had to work for patient hours anyways. These professional schools are not affordable even when working multiple jobs for multiple years.

Furthermore, 20% of student loans are held by individuals with a professional or doctorate degree. Another 36% have at least a Masters degree. If loans were not available (and school tuition remains the same or continues to elevate), we will not have many people going into these areas, such as doctors, PAs/NPs, college professors, researchers, etc. We really need these people especially in the more rural areas of the country.

Student Loans by Demographic

Here's another good resource in a question and answer format:
Who owes debt and who would benefit from forgiveness

---

I don't know if the 99% number is factually correct. I should of elaborated on that more. Sorry about that.

There are companies that will pay for a college degree if you work there

There are also other routes that you can take to greatly lower the cost of your degree like going to a community college for the first few years to cut your cost from a 4 year university.

Some state governments will pay for college if you agree to work in a more rural setting. It can be done.

I did it...

---

There are those options, yes. However, most of the student loan debt is not from undergrad loans. It actually comes from higher up degrees - Masters, MD, JD, etc. where those options are even fewer and farther between.

Healthcare has the National Health Service Corp approved sites which pay for loans after several years of working there, but those positions are typically full and are pretty difficult to come by. It is just not that easy for a lot of folks. Furthermore, in most cases, you do not just get to choose your med/professional school. You go where you are accepted and none of them are cheap. Most of them look down upon a community college start. They consider those too easy and want to see you challenged as a student.

I am happy it worked out for you, honestly. However, it just not that simple for many others, including myself. The healthcare field is littered with student loan debt, because those schools are just insanely expensive and there are only so many ways for loan forgiveness.

PackPA2015 said:

---

cowboypack02 said:

---

PackPA2015 said:

---

cowboypack02 said:

---

bsorry11 said:

---

People talk about the loans because it's the shiny object, but you can't fix that problem without addressing the fact that government intervention in the student debt business has caused education prices to explode. Schools know that they can charge whatever and with six clicks of a mouse that student can pay the bill.

Problem is more magnified on the graduate level where there are less restrictions on amounts loaned so schools are then able to inflate cost more and then engage in funky-accounting to put off more cost to grad students.

Any bill that forgives debt without addressing the government's role in inflating costs is dangerous because the next generation of students will face the same thing.

Additionally, keep in mind that these loans bear interest. Not sure what interest rate the government "borrows" money, but treasury bonds are at record low rates and the current applicable federal rate for debt is 1.45%. So the government, by charging 6%-7% is, theoretically, using these loans as a profit-center to fund other programs. There has been some controversy over the years about whether student loan interest is funding programs or debt relief....but the fact is that the government is making a profit on interest payments.

I'm sympathetic to borrowers because they were caught in this accounting game with the government and there isn't much that they can do about it.

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I'm not. There were other ways to solve this problem and 99% of people decided not to take another route

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I do not believe that statistic of 99% to be true. What other routes are there other than just not going to school for that specific purpose and working a trade job? Honestly, most healthcare providers worked their tails off before, during, and after school to try to limit their loan burden, but they still have them. For most medical and PA/NP schools, you had to work for patient hours anyways. These professional schools are not affordable even when working multiple jobs for multiple years.

Furthermore, 20% of student loans are held by individuals with a professional or doctorate degree. Another 36% have at least a Masters degree. If loans were not available (and school tuition remains the same or continues to elevate), we will not have many people going into these areas, such as doctors, PAs/NPs, college professors, researchers, etc. We really need these people especially in the more rural areas of the country.

Student Loans by Demographic

Here's another good resource in a question and answer format:
Who owes debt and who would benefit from forgiveness

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I don't know if the 99% number is factually correct. I should of elaborated on that more. Sorry about that.

There are companies that will pay for a college degree if you work there

There are also other routes that you can take to greatly lower the cost of your degree like going to a community college for the first few years to cut your cost from a 4 year university.

Some state governments will pay for college if you agree to work in a more rural setting. It can be done.

I did it...

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There are those options, yes. However, most of the student loan debt is not from undergrad loans. It actually comes from higher up degrees - Masters, MD, JD, etc. where those options are even fewer and farther between.

Healthcare has the National Health Service Corp approved sites which pay for loans after several years of working there, but those positions are typically full and are pretty difficult to come by. It is just not that easy for a lot of folks. Furthermore, in most cases, you do not just get to choose your med/professional school. You go where you are accepted and none of them are cheap. Most of them look down upon a community college start. They consider those too easy and want to see you challenged as a student.

I am happy it worked out for you, honestly. However, it just not that simple for many others, including myself. The healthcare field is littered with student loan debt, because those schools are just insanely expensive and there are only so many ways for loan forgiveness.

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My wife is in the healthcare field and we were able to work it out with no debt. Its doable.

She also works with several other nurses that didn't rack up debt going through school. Most took the community college route and then got a job in a hospital. The hospital contributes a certain amount per year to education and that contribution was used to pay for a higher degree.

Like I said...its doable. It ain't easy but its doable

Most of her colleagues also worked while they were going through school to help defer the cost and not take out loans,

cowboypack02 said:

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PackPA2015 said:

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cowboypack02 said:

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PackPA2015 said:

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cowboypack02 said:

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bsorry11 said:

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People talk about the loans because it's the shiny object, but you can't fix that problem without addressing the fact that government intervention in the student debt business has caused education prices to explode. Schools know that they can charge whatever and with six clicks of a mouse that student can pay the bill.

Problem is more magnified on the graduate level where there are less restrictions on amounts loaned so schools are then able to inflate cost more and then engage in funky-accounting to put off more cost to grad students.

Any bill that forgives debt without addressing the government's role in inflating costs is dangerous because the next generation of students will face the same thing.

Additionally, keep in mind that these loans bear interest. Not sure what interest rate the government "borrows" money, but treasury bonds are at record low rates and the current applicable federal rate for debt is 1.45%. So the government, by charging 6%-7% is, theoretically, using these loans as a profit-center to fund other programs. There has been some controversy over the years about whether student loan interest is funding programs or debt relief....but the fact is that the government is making a profit on interest payments.

I'm sympathetic to borrowers because they were caught in this accounting game with the government and there isn't much that they can do about it.

---

I'm not. There were other ways to solve this problem and 99% of people decided not to take another route

---

I do not believe that statistic of 99% to be true. What other routes are there other than just not going to school for that specific purpose and working a trade job? Honestly, most healthcare providers worked their tails off before, during, and after school to try to limit their loan burden, but they still have them. For most medical and PA/NP schools, you had to work for patient hours anyways. These professional schools are not affordable even when working multiple jobs for multiple years.

Furthermore, 20% of student loans are held by individuals with a professional or doctorate degree. Another 36% have at least a Masters degree. If loans were not available (and school tuition remains the same or continues to elevate), we will not have many people going into these areas, such as doctors, PAs/NPs, college professors, researchers, etc. We really need these people especially in the more rural areas of the country.

Student Loans by Demographic

Here's another good resource in a question and answer format:
Who owes debt and who would benefit from forgiveness

---

I don't know if the 99% number is factually correct. I should of elaborated on that more. Sorry about that.

There are companies that will pay for a college degree if you work there

There are also other routes that you can take to greatly lower the cost of your degree like going to a community college for the first few years to cut your cost from a 4 year university.

Some state governments will pay for college if you agree to work in a more rural setting. It can be done.

I did it...

---

There are those options, yes. However, most of the student loan debt is not from undergrad loans. It actually comes from higher up degrees - Masters, MD, JD, etc. where those options are even fewer and farther between.

Healthcare has the National Health Service Corp approved sites which pay for loans after several years of working there, but those positions are typically full and are pretty difficult to come by. It is just not that easy for a lot of folks. Furthermore, in most cases, you do not just get to choose your med/professional school. You go where you are accepted and none of them are cheap. Most of them look down upon a community college start. They consider those too easy and want to see you challenged as a student.

I am happy it worked out for you, honestly. However, it just not that simple for many others, including myself. The healthcare field is littered with student loan debt, because those schools are just insanely expensive and there are only so many ways for loan forgiveness.

---

My wife is in the healthcare field and we were able to work it out with no debt. Its doable.

She also works with several other nurses that didn't rack up debt going through school. Most took the community college route and then got a job in a hospital. The hospital contributes a certain amount per year to education and that contribution was used to pay for a higher degree.

Like I said...its doable. It ain't easy but its doable

Most of her colleagues also worked while they were going through school to help defer the cost and not take out loans,

---

Surprisingly, nurses typically do not have much student loan debt if at all. However, providers typically have insane amounts of it, just because their schooling is typically not affordable for really anyone.

I worked multiple jobs before, during, and after professional school and still have student loan debt. I applied for multiple Health Service Corp sites after graduation and they had no openings. My wife worked through my schooling and we still have student loan debt. When I was touring schools before applying, all of them said community college classes would not count for credit in required courses. I applied for scholarships and grants almost daily and I still have student loan debt. The higher up the ladder you are, the less options there are to keep loan amounts down.

It is just not as simple as we make it out to be for a lot of people out there. I am lucky enough that I can afford my payments. However, if I did not have them, I could stimulate the economy with a new house build easily. That is how significant my loans are, because that was my only option.

I don't say this to be a dick, but saying "if you didn't have to pay the loans you took out when you were 22 years old, you could buy a vacation home to help stimulate the economy" is not going to win over many people for why student debt should be forgiven.

I'm sure it's already started on some levels but it's only a matter of time before they start pushing for credit card debt forgiveness as well.