Biden Bails Out Losers With Worthless College Degrees

[Troxx]

Sweet I just got 10k of my remaining medical school debt erased!

[Homesteaded]

Welders make a hell of a lot more than 38k

[unsunghero]

Originally Posted by Homesteaded [You must be logged in to view images. Log in or Register.]

Welders make a hell of a lot more than 38k

Yea that seemed low. I’ve heard welders can make a lot, my dad wanted me to get into it as a side hustle

[Troxx]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

whats the plan moving forward after we bail out the student loans, a new system?

Surely we will not continue the one that is causing people to need bailouts, right?

Right?

System needs an overhaul for sure. I never understood why federal student loans carried any interest while being actively paid off … or why you have to pay off the interest before you can make extra payments on the principle.

I think I had about 70k in med school debt after other scholarship opportunities are factored in. Funnily after 10 years of paying on that initial 70k debt (no job/income possible during four years of school and could not afford anything 3 years on a medical resident doctor in training while interest compounded) now to the tune of 110k paid … I still have 30k left in debt. Thankfully my career choice and educational trajectory left me with a job that could handle that payment while otherwise having a good standard of living.

When governmentments invest in the education of their citizens it increases the GDP and the taxable income of its receiving citizens a lot more than the original investment. The government isn’t accumulating debt … it is making wise investments in its future monetarily.

I can’t remember where in the US but it was a county in a red state that tax-funded community college tuition (not even loans) for local residents. The net outcome over time was a greater revenue gain than the initial investment by a factor of 2-3:1. It stimulated the economy, created education jobs, and increased the net income for the broader population.

Why the US at large hasn’t figured this out yet is beyond me.

[Reiwa]

Originally Posted by Troxx [You must be logged in to view images. Log in or Register.]

System needs an overhaul for sure. I never understood why federal student loans carried any interest while being actively paid off … or why you have to pay off the interest before you can make extra payments on the principle.

I think I had about 70k in med school debt after other scholarship opportunities are factored in. Funnily after 10 years of paying on that initial 70k debt (no job/income possible during four years of school and could not afford anything 3 years on a medical resident doctor in training while interest compounded) now to the tune of 110k paid … I still have 30k left in debt. Thankfully my career choice and educational trajectory left me with a job that could handle that payment while otherwise having a good standard of living.

When governmentments invest in the education of their citizens it increases the GDP and the taxable income of its receiving citizens a lot more than the original investment. The government isn’t accumulating debt … it is making wise investments in its future monetarily.

I can’t remember where in the US but it was a county in a red state that tax-funded community college tuition (not even loans) for local residents. The net outcome over time was a greater revenue gain than the initial investment by a factor of 2-3:1. It stimulated the economy, created education jobs, and increased the net income for the broader population.

Why the US at large hasn’t figured this out yet is beyond me.

Because growth. $1 today is worth more than $1 tomorrow.

[Danth]

Originally Posted by unsunghero [You must be logged in to view images. Log in or Register.]

Yea that seemed low.

It's not, probably is representative of the actual national average. Recently came out for example UP is paying its thermite welders on order of ~$31/hr, this coming out because RR workers are on the verge of striking and the government's trying to prevent it so there's federal involvement between the respective parties. Factoring in layoff time, etc, some of those guys aren't making all that much. Consistent hours, proper pay on-time, overtime, etc, yeah they'll make a lot more than $40K. Same thing as the gender gap, what's present in practice can usually be explained away for reasons that do hold up upon scrutiny.

[unsunghero]

Originally Posted by Danth [You must be logged in to view images. Log in or Register.]

It's not, probably is representative of the actual national average. Recently came out for example UP is paying its thermite welders on order of ~$31/hr, this coming out because RR workers are on the verge of striking and the government's trying to prevent it so there's federal involvement between the respective parties. Factoring in layoff time, etc, some of those guys aren't making all that much. Consistent hours, proper pay on-time, overtime, etc, yeah they'll make a lot more than $40K. Same thing as the gender gap, what's present in practice can usually be explained away for reasons that do hold up upon scrutiny.

I’ve heard differences in gender pay can also be due to men being more likely to aggressively negotiate their salary whereas women tend to be more passive accepting the initial salary offered

[GinnasP99]

Men and women are not the same, more at 11.

[robayon]

Originally Posted by unsunghero [You must be logged in to view images. Log in or Register.]

I’ve heard differences in gender pay can also be due to men being more likely to aggressively negotiate their salary whereas women tend to be more passive accepting the initial salary offered

I've heard differences in gender pay are due to alignment of the planets and astrological signs, so I sacrificed a goat to placate my female coworkers at the Amazon warehouse

[Reiwa]

Originally Posted by robayon [You must be logged in to view images. Log in or Register.]

I've heard differences in gender pay are due to alignment of the planets and astrological signs, so I sacrificed a goat to placate my female coworkers at the Amazon warehouse

To what do you credit women's-soccer players being paid less than men's-soccer players?