Estimate on Student Loan Forgiveness

[Gustoo]

I don't know what your infographic has to do with the actual topic of this thread.

I agree that student loan forgiveness and the very concept is a mistake.

Make laws and structures that make sense. Its the same with "legalizing" illegal immigrants. Make an actual process for legalization rather than just blanket approving everyone that paid no heed to the laws that were in place.

Same deal, same kind of mistake. It is OK if it is a 1 time thing but zero effort has been put into actually creating a better system.

Loan forgiveness and a total revamp of the system would be 100% A-OK to me. Loan forgiveness and no changes is dumb.

The info graphic is offensive to me because I love women and it seems to presenting data in a way to make the spurious implication that they are inferior because of their overall status as a "tax burden" which simply shows the weakness of the tool being used to measure value rather than the thing being measured.

Its the same problem with using the stock market as an indication of the well being of society which we know is not the case. Our current civilization seems to be close to crumbling while the stock market is doing fantastic. Its because the tool (stock market) is inappropriately being used to assess other areas of the world or economy.

[Gwaihir]

You're making the assumption that one cannot love women while simultaneously making the objective conclusion that having to repay the money's lendedfromRothschild to pay for a forgiveness program would disproportionately fall upon the heads of men.

I love women too. I have a wife and 4 daughters.

If you don't intend to dedicate yourself to the life of a laborer and pay back the money's borrowed, don't pursue higher education.

The reason why the student loan crisis is a crisis, is because more women than ever are pursuing college educations, yet they aren't paying it back in the form of the actual loan payments OR taxes that could be used to pay for a forgiveness program.

That's how they're related

[Gustoo]

Thanks for explaining the relation.

Is there data that shows women default on their student loans more than men?

Actual question not rhetorical.

[Gwaihir]

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

Thanks for explaining the relation.

Is there data that shows women default on their student loans more than men?

Actual question not rhetorical.

That's a good question and I don't know.

I would imagine it's a verboten subject to talk about academically though

[Gustoo]

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

That's a good question and I don't know.

I would imagine it's a verboten subject to talk about academically though

If you don't have data, then why are you making that connection between the anti woman infographic and the student loan forgiveness?

Mblake81 I am not sure what you are trying to say, but I will clarify what I was trying to say.

I was trying to say that people in USA need to spend a lot of time in the education system. The purpose of this system is supposedly to prepare us for the world around us and to make us able to get jobs, and be productive.

Right now a high school diploma isn't good for much, and a bachelors degree not good for much more.

I was agreeing with another posters comment where he supposed if college was free, it would essentially be the same thing as high school. You wouldn't be legally requried to do it (i assume) but it would be considered a basic pre-requisite for some quantity of jobs, especially government (federal, state, local) jobs. So the benefit to the students would be minimal but the time sink would be extended.

Most people aren't going to college because they want educatin. They are going to college because they want a stamp next to their name that helps them get qualified for higher paying jobs.

Banking on being a social media celebrity is the same as banking on being any other kind of celebrity. Its a long shot bet.

[Gustoo]

Also I didn’t know the student loan crisis was a crisis outside of the crisis of the middle class ceasing to exist which the loan thing would be more a symptom of than a cause. Does anyone think student loans are actually the cause of bad stuff or just think it would be nice not to pay them?

[magnetaress]

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

Also I didn’t know the student loan crisis was a crisis outside of the crisis of the middle class ceasing to exist which the loan thing would be more a symptom of than a cause. Does anyone think student loans are actually the cause of bad stuff or just think it would be nice not to pay them?

I think the loans and the government allowing and regulating them very poorly, are a part of the problem, problematic for sure.

I don't think the loan business should be legalized the way it especially is now. And loane givers should be somewhat more liable than loan recievers. I would prefer loans being outright illegal, but I also acknowledge how big international business has to interface with the loan markets to kinda of even be economically viable and how America needs access to international markets in order to not permanently spiral into recession as the rest of the globe kinda spins on.

[Znakebite]

I won't qualify because I am a privileged white male and make just enough to not be considered poor.

[Gustoo]

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

I won't qualify because I am a privileged white male and make just enough to not be considered poor.

What makes you say that? You qualified for the coravirus relief money, you are likely to qualify for student loan forgiveness if any comes around.

[bubur]

unless the forgiveness is contingent upon working for a specific number of years in certain professions, student loan forgiveness is considered taxable income (unless they change the law before they do anything more)

so question to the committee: does the hypothetical exist that they forgive $10k to someone who was barely making minimum payments and such a person is unable to fit the $3k tax bill? or more if it hikes them into the next tax bracket? 10k is pipedream anyway but since we're talkin about it