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WF16 Champion and Argumentative Wanker
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Discussion Starter #3
I could really use some help on my college debt...this could potentially really help the economy by freeing up the little money college grads are making and letting them spend it on goods and services here in the US, rather than paying the bank.
 
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So basically if you wait long enough (25 years now, 20 years if new legislation is enacted) to repay your loans, the debt disappears, and you would only be responsible for paying income tax on the forgiven amount....

Hmm, maybe I shouldn't have repaid my loan so quickly....! =p
 

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One more time, and I'm outta here
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Why not make it a tax credit like they do with homes, but instead of writing off the interest like a mortgage, they could make the edxucation principle a write off.

Get educated because even if you don't pay for it, it stays with you forever.
 

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I'm listening to the State of the Union right now. There is no getting around the facts. Barack Obama is a fiscal moron. The end.
 

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WF16 Champion and Argumentative Wanker
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Discussion Starter #7
I'm listening to the State of the Union right now. There is no getting around the facts. Barack Obama is a fiscal moron. The end.
Thank God someone agrees. This will not happen. Period. But it would be nice, like winning the lottery of getting with twins or inheriting a VW for free or seeing Joe Biden have a heart attack and Nancy Pelosi get shot or Bush crying...all these things would be great, but just aren't happening.
 

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Thank God someone agrees. This will not happen. Period. But it would be nice, like winning the lottery of getting with twins or inheriting a VW for free or seeing Joe Biden have a heart attack and Nancy Pelosi get shot or Bush crying...all these things would be great, but just aren't happening.
Nor should they.

If you take out a loan for post-secondary education, you better have a plan to repay it. It's a loan...not a grant or a gift. If he's really concerned about the cost of education, he'd address the ridiculous increase in tuition which has far exceeded cost of living rates.
 

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WF16 Champion and Argumentative Wanker
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Discussion Starter #9
If you take out a loan for post-secondary education, you better have a plan to repay it. It's a loan...not a grant or a gift. If he's really concerned about the cost of education, he'd address the ridiculous increase in tuition which has far exceeded cost of living rates.
I'm not asking for a gift, but I sure could use a lower cost post-secondary education. After all, it's for the benefit of later life. I have no problem paying for my education, but with my eyes on the exit door in May and the majority of business closing their doors to new employment, how am I supposed to pay for it? Now, I may have chosen the wrong major or I may find a job easily, I don't know. But the way it looks right now (with no job yet) I'm looking at having a degree in Geology for working at McDonald's or some other minimum wage half brained job.
 

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Here's what you do.....


Reach down with both hands
Get yourself a big handful of dangly bits
Then take that first step out into the real world with the rest of us
 

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WF16 Champion and Argumentative Wanker
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Discussion Starter #12
I have no problem stepping into the real world, Urlik. I plan on working, as I've worked through my college career to pay my way, and I've paid 2.5 years off already and I haven't even graduated. I just simply think college costs too much.
 

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I chose to go to college based on a certain cost, never expecting an 80% increase in just 5 years. How can you really plan for something like that?

I'm already preparing myself mentally to talk my future children out of college (as we know it). I'd like them to get their hands dirty during and after high school so they can make a better decisions. Then if they want to take online classes for a degree, or something like that, we can have an educated discussion about it.

I think the current insular format of HS-college-grad school does a disservice to most young people. It sequesters them from productive society and delays their entrance to the real world. If my kids want to be a plumber or mechanic, I'd celebrate that a lot more and would probably incentivize them with a lot of the money that would have otherwise gone to formal education.
 

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I chose to go to college based on a certain cost, never expecting an 80% increase in just 5 years. How can you really plan for something like that?

I'm already preparing myself mentally to talk my future children out of college (as we know it). I'd like them to get their hands dirty during and after high school so they can make a better decisions. Then if they want to take online classes for a degree, or something like that, we can have an educated discussion about it.

I think the current insular format of HS-college-grad school does a disservice to most young people. It sequesters them from productive society and delays their entrance to the real world. If my kids want to be a plumber or mechanic, I'd celebrate that a lot more and would probably incentivize them with a lot of the money that would have otherwise gone to formal education.
Is your flame suit on?
 

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I chose to go to college based on a certain cost, never expecting an 80% increase in just 5 years. How can you really plan for something like that?

I'm already preparing myself mentally to talk my future children out of college (as we know it). I'd like them to get their hands dirty during and after high school so they can make a better decisions. Then if they want to take online classes for a degree, or something like that, we can have an educated discussion about it.

I think the current insular format of HS-college-grad school does a disservice to most young people. It sequesters them from productive society and delays their entrance to the real world. If my kids want to be a plumber or mechanic, I'd celebrate that a lot more and would probably incentivize them with a lot of the money that would have otherwise gone to formal education.
Well, you will invest more money in college education from the beggining, but over your lifespan you will also make more money , than a regular trademan.
plus your body will be largely intact, not broken from manual labour. I have been on both sides.:thumbup:
 

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Well, you will invest more money in college education from the beggining, but over your lifespan you will also make more money , than a regular trademan.
plus your body will be largely intact, not broken from manual labour. I have been on both sides.:thumbup:
Not always the case.

Working through the "college years" and keeping that money offsets some of that. Some people, like my wife and I, were making a salary at 22 that most college kids won't see (especially while paying off loans) until ~30. Both of us had no hard labor in our past and are doing perfectly fine without college.
 

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Well, you will invest more money in college education from the beggining, but over your lifespan you will also make more money , than a regular trademan.
plus your body will be largely intact, not broken from manual labour. I have been on both sides.:thumbup:
Really, care to wager on any of those points being a guaranty? The days of college being an fail-safe route to success are far behind us, as they become more and more common place a degree will no longer be the door-opener that it used to be.
 
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