Washed up actors crying about Trump and Electoral College

[Póg mo 1,749]

I think you mean banks. Republicans don't hand out student loans, last I checked.

No I meant students. Nice dodge though.

[Voice of Reason 10,298]

Not by any means is it a dodge. Your post makes it sound like Republicans go after students who have loans that require payment. But that is not true, the bank's loaning the money do. The bank's require repayment of loans, and are backed up by current laws.

Surely you're not suggesting that republicans support requiring people who incur debt to repay said debt, while democrats don't support people repaying their debts?

Except for students, who Republicans believe should be forced to pay back every last red cent, with interest. Funny how that is.

I think you mean banks. Republicans don't hand out student loans, last I checked.

No I meant students. Nice dodge though.

[The Nature Boy 7,659]

Not by any means is it a dodge. Your post makes it sound like Republicans go after students who have loans that require payment. But that is not true, the bank's loaning the money do. The bank's require repayment of loans, and are backed up by current laws.

Surely you're not suggesting that republicans support requiring people who incur debt to repay said debt, while democrats don't support people repaying their debts?

and as many Credit Apps as I take in a week, I can tell you there is a lot of fraud in that Program. Why should I the tax payer repay a loan for someone that racked up 75K in student debt and is and will always be a fry cook at Mickey D's

[smilesammich 10,727]

and as many Credit Apps as I take in a week, I can tell you there is a lot of fraud in that Program. Why should I the tax payer repay a loan for someone that racked up 75K in student debt and is and will always be a fry cook at Mickey D's

pfffftttt, wrong question..why should it cost 75k to get a basic college degree? and such short sightedness..that fry cook at mickey ds with the degree is a tax payer unable to reach full tax paying potential. just think of it as lost tax revenue..

[Póg mo 1,749]

Not by any means is it a dodge. Your post makes it sound like Republicans go after students who have loans that require payment. But that is not true, the bank's loaning the money do. The bank's require repayment of loans, and are backed up by current laws.

Surely you're not suggesting that republicans support requiring people who incur debt to repay said debt, while democrats don't support people repaying their debts?

No, I am just pointing out how Republicans are okay with the likes of Trump using bankruptcy to avoid paying back loans, but people without the same access to business advisors and daddies money are somehow less deserving of being cut some slack when they find out that the employment market they trained for, no longer pays enough to afford luxuries such food or shelter and pay back student debts that continue to increase because of compounding interest rates. Why are lenders given such leeway to demand payment, when the evil government, whom they all denounce, has given indemnity from making bad student loans in the first place.

[Póg mo 1,749]

and as many Credit Apps as I take in a week, I can tell you there is a lot of fraud in that Program. Why should I the tax payer repay a loan for someone that racked up 75K in student debt and is and will always be a fry cook at Mickey D's

Yes, why should the tax payers be on the hook for indemnifing someone else's poor decisions to lend money? Why are people with zero financial training more liable for making poor decisions, while people who supposedly have financial training, are given a free pass to make loans they know aren't ever going to be repaid?

[Voice of Reason 10,298]

If someone gets that deeply into debt in college, and their degree of choice doesn't pay the bills any longer, then they must get another job and keep on making those payments.

And to say republicans are ok with BK, but democrats are not is really silly, yanno? Do you think democrats don't file BK, nor support it?

The real problem with college debt is how our country allows schools to charge so much to attend. It should be limited, caps set by the government. But if that happens, the quality of education may well decline. Which would be horrible considering the US has some of the lowest education stats among developed nations.

Another issue is the we force kids still today to learn algebra and calculus, but don't teach them much about compound interest, how to balance a checkbook, what a mortgage is, how to create a budget, etc. We allow them to be ignorant about matters money.

And who gets the "easiest" credit in the world? College kids. Over 18, here's a credit card. Don't pay attention to that little tiny 24% number, just use the card instead of cash. Loans are handed out to younger people like candy, but always at higher interest rates. I laugh at a banker or loan officer who offers me a loan at a higher rate, because I can. But youngsters typically cannot do that. They don't have the knowledge, and often don't have the intestinal fortitude to walk away from a bad "bargain".

But still and all, I think someone who gets a student loan should pay them off. Said person ALSO should take such loans wisely, and frugally. A good education is one thing, but using student loans to support your party habits in college... That is never a good idea.

No, I am just pointing out how Republicans are okay with the likes of Trump using bankruptcy to avoid paying back loans, but people without the same access to business advisors and daddies money are somehow less deserving of being cut some slack when they find out that the employment market they trained for, no longer pays enough to afford luxuries such food or shelter and pay back student debts that continue to increase because of compounding interest rates. Why are lenders given such leeway to demand payment, when the evil government, whom they all denounce, has given indemnity from making bad student loans in the first place.

Edited December 23, 2016 by IDGAF

[OriZ 3,157]

Yes, why should the tax payers be on the hook for indemnifing someone else's poor decisions to lend money? Why are people with zero financial training more liable for making poor decisions, while people who supposedly have financial training, are given a free pass to make loans they know aren't ever going to be repaid?

I have to say we rarely agree but on this one...

[TBoneTX 43,058]

racked up 75K in student debt and is and will always be a fry cook at Mickey D's

The college graduate with a science degree asks, "Why does it work?"

The graduate with an engineering degree asks, "How does it work?"

The graduate with an economics degree asks, "How much does it cost?"

The graduate with a liberal arts degree asks, "Would you like fries with that?"

[yuna628 9,530]

The college graduate with a science degree asks, "Why does it work?"

The graduate with an engineering degree asks, "How does it work?"

The graduate with an economics degree asks, "How much does it cost?"

The graduate with a liberal arts degree asks, "Would you like fries with that?"

That's a nice joke, but while science and engineering degrees are extremely critical, so too are professions involving the arts, history, teaching, architecture. It's nice to sit there and bash them as useless... but people deserve to have a passion for these things, and study them too, because without them the world would be an extremely less vibrant place. We all aren't cut from the same cloth, with the same interests, because that's what makes us unique. If a person has a different talent, should they not contribute to society in that way just because some find that subject uninteresting? And sure, there aren't a lot of jobs currently available to them, as there used to be. But there aren't a lot of jobs available to someone with any degree right now. If there's one thing I've noticed in my husband's experience with job searching, they'd actually just rather select someone with a minor laughable certification over a degree, not because the person with the degree had more hands on experience and knowledge, but because they want to pay the high schooler with the certification of uselessness less. Once my husband starts with his new position, he's been thinking about shelling out extra money for the certification to learn the things he already knows just so that people will believe he knows it and more avenues open up.

[Dashinka 23,247]

I am all for liberal arts education, but as I did when I was in college, I took those classes as enrichment classes to broaden my knowledge base and to take a break from my chemical engineering classes. I also did a lot of hands on research training and Summer internships to make myself more marketable. I haven't really followed the job availability market for liberal arts majors, but I do know my company is constantly hiring engineers particularly mechanical, chemical, electrical and software engineers.

[elmcitymaven 9,711]

Well, outside of patent attorneys, the legal world is full of people with humanities and "soft" science degrees. So is investment management, from my own experience. I knew zip about investments when I joined a pension fund. What I did have was a flexible and adaptive brain, which was trained in English and Classics. I have found in the law that students with a hard science/maths background can have a harder time at law school because there is often no "right" answer, just many different ways of approaching a problem which may be equally correct. For those who are used to finding one "correct" solution, it can be very frustrating.

I was an above-average student in science in high school (A-/B+), but I had no passion in the area, though classes were usually interesting. Instead of denigrating each other's achievements, perhaps we should accept that different disciplines foster different talents.

[Dashinka 23,247]

Well, outside of patent attorneys, the legal world is full of people with humanities and "soft" science degrees. So is investment management, from my own experience. I knew zip about investments when I joined a pension fund. What I did have was a flexible and adaptive brain, which was trained in English and Classics. I have found in the law that students with a hard science/maths background can have a harder time at law school because there is often no "right" answer, just many different ways of approaching a problem which may be equally correct. For those who are used to finding one "correct" solution, it can be very frustrating.

I was an above-average student in science in high school (A-/B+), but I had no passion in the area, though classes were usually interesting. Instead of denigrating each other's achievements, perhaps we should accept that different disciplines foster different talents.

I wish there was only one answer to the engineering/commercial issues I work through on a regular basis. I have no issues with someone studying liberal arts, or humanities as their main degree, but as you mentioned, they need to be very open minded when the time comes for finding a job.