CAMPUS SURVEY: Is Biden doing enough for student loan debt?

[Kyle]

Colorado students weigh in on how Biden's handled loan debt


BOULDER, Colo. – University of Colorado Boulder students weighed in on the Biden administration's handling of student loan debt.

"Biden so far has done an okay job, but I'd like to see if he actually follows through with his promise from the 2020 election of helping students forgive their loan debt," one student told Fox News.

During the presidential election, President Biden promised "to make sure that everybody in this generation gets $10,000 knocked off of their student debt."

CAMPUS SURVEY: Is Biden doing enough for student loan debt?

University of Colorado Boulder students weighed in on how the Biden administration has handled student loan debt.

www.foxnews.com

If Joe and the Democrats are going to bail out these parasites that don't want to pay for their student loan, is he going to pay off the car notes or mortgages for those of us that weren't stupid enough to borrow thousands and thousands for a Gender Studies or Philosophy degree?

 

[DaSDGuy]

New Survey:
1) Should Trump be held accountable for his actions?
2) Should Biden be held accountable for his actions?
3) Should students be held accountable for their actions?

If you answer "Yes" to #1 or #2, then #3 is automatically a "Yes". In which case, pay off your own damn loans.

 

[Hijinx]

A better move than canceling student debt would be to put a limit on how much a college could charge for their brain washing.
Let's say $10,000 dollars a semester.

 

[Kyle]

Where do you get these radical ideas?

 

[SamSpade]

A better move than canceling student debt would be to put a limit on how much a college could charge for their brain washing.
Let's say $10,000 dollars a semester.

You're on the right track - there's really no rational reason why a college should charge more per year than a graduate is likely to even MAKE in a year in a typical profession for their degree.

Think of it this way - the typical rule of thumb for how much house you can afford is three times you salary. You make 80K, you can afford a house at 240K. This presumes that your take home spent towards a mortgage is a certain fraction of your total. Disregarding all other debt, the rule of thumb is 28% of your GROSS per month is what you can afford.

These kids come out of college with as much as 100-200k in debt. Assuming they continue to live with Mom and Dad, and still are well-paid in their career, for some of these, the debt will be paid around the time the grandkids arrive - if ever.

*I* was lucky. Sort of. When I left college in the early 80's I had about 5000 left to pay - a combination of scholarships, riding my bike and transferring credits and living astonishingly cheaply off campus. I spent about five years working WAY below my peers - but it was paid off in eight years. Others in my family - not so lucky. All of them - salary was LESS than the loan total.

It shouldn't be as onerous to pay off a student loan as it is to buy a house. There certainly needs to be a way to lower the cost of a degree, and I am thinking that online classes with a targeted curricula could do a lot. (Targeted meaning - classes directly pertinent to the degree - we are way past the time where engineers need to take classes in French Lit or History).

 

[vraiblonde]

Someone said this on The Five the other day, but I've heard it said a zillion times before: you don't go to college to get a working education; you go to meet kids from rich well-connected families and get yourself connected.

When you aspire to a certain stratosphere, you are not going to get there under your own power. It's definitely who you know that will open that door. Look no further than Hunter Biden for proof. Chelsea Clinton is another one. If you look at all these elites, they aren't singles - they're connected in some way to power and wealth and that is how they got their position. If your kid has a friendship with, say, one of the Obama girls that will translate to a powerful position in the media or government that your kid may be largely unqualified for.

Most people are happy with their medium sized lives, they don't aspire to be a close personal friend of Jeffrey Epstein or Harvey Weinstein. So a small local college or a community college or no college at all will do them just fine.

So that said, someone will have to explain to me why the rest of us should pay for the children of wealth or those who aspire to wealth to attend what is basically an obscenely expensive meet and greet.

 

[Hijinx]

Colleges are paying a lot of money to Professor's who are teaching or studying BS.

African studies, women's studies, Basket weaving 101. Nobody makes a nickel off of taking these courses.
If a professor wants to study this crap on their own time-----------let them
But to try to teach this BS and "study" it on the dimes of people who want to learn is wrong.

 

[herb749]

I thought I read somewhere that student loan payments are still on hold now for over 2 yrs. Are they hoping Uncle Joe bails them out .?

 

[LightRoasted]

If I may ...

You're on the right track - there's really no rational reason why a college should charge more per year than a graduate is likely to even MAKE in a year in a typical profession for their degree.

Let's switch this around ... There's really no rational reason why a government employee should be paid more than the average private sector employee.

 

[LightRoasted]

If I may ...

I thought I read somewhere that student loan payments are still on hold now for over 2 yrs. Are they hoping Uncle Joe bails them out .?

Kinda funny how the government can interject, interfere, and impair, the obligation of contracts.

 

[SamSpade]

If I may ...


Let's switch this around ... There's really no rational reason why a government employee should be paid more than the average private sector employee.

And in a fair career by career comparison - they don’t. Engineers, doctors, lawyers, IT professionals - median pay is typically less than their private sector counterparts.

And I’ve seen analyses - mostly they’re wrong. Because I’ve done both.

 

[Crabcake42]

Someone said this on The Five the other day, but I've heard it said a zillion times before: you don't go to college to get a working education; you go to meet kids from rich well-connected families and get yourself connected.

When you aspire to a certain stratosphere, you are not going to get there under your own power. It's definitely who you know that will open that door. Look no further than Hunter Biden for proof. Chelsea Clinton is another one. If you look at all these elites, they aren't singles - they're connected in some way to power and wealth and that is how they got their position. If your kid has a friendship with, say, one of the Obama girls that will translate to a powerful position in the media or government that your kid may be largely unqualified for.

Most people are happy with their medium sized lives, they don't aspire to be a close personal friend of Jeffrey Epstein or Harvey Weinstein. So a small local college or a community college or no college at all will do them just fine.

So that said, someone will have to explain to me why the rest of us should pay for the children of wealth or those who aspire to wealth to attend what is basically an obscenely expensive meet and greet.

You keep saying the same names over and over, so what maybe 500 kids fit this description, in a country 331 million?

You do know Trump (Wharton at university of penn) and Desantis (Yale and Harvard) are Ivy League elites? Your only hope was Palin, but I can’t remember the last time you spoke about her.

 

[black dog]

You keep saying the same names over and over, so what maybe 500 kids fit this description, in a country 331 million?

You do know Trump (Wharton at university of penn) and Desantis (Yale and Harvard) are Ivy League elites? Your only hope was Palin, but I can’t remember the last time you spoke about her.

You forget all the local, State and Federal politicians and high office folks. The local, regional, national and worldwide business management. And so on.
My younger brother is a frat brother with one of the Bacardi clan, 30 years ago my brother applyed for a job with a liquor dist in Colorado. He made two calls over this job, one to Barcardi and the next day to reply to a message left one his phone from the liquor dist. He worked for them over 20 years.
A bunch of those frat boys still go skiing together each year.
You want a good gig, in most cases you or someone you know has to open the last door for you.
The casting couch is for those that don't know someone...

 

[GURPS]

You do know Trump (Wharton at university of penn) and Desantis (Yale and Harvard) are Ivy League elites?

Classiest Much >

 

[HemiHauler]

If I may ...


Kinda funny how the government can interject, interfere, and impair, the obligation of contracts.

They aren’t. They are a party to the contract, for better or worse, and as such can do whatever the hell they want. Just like the government can change spending programs at any time they want.

 

[SamSpade]

Someone said this on The Five the other day, but I've heard it said a zillion times before: you don't go to college to get a working education; you go to meet kids from rich well-connected families and get yourself connected.

When you aspire to a certain stratosphere, you are not going to get there under your own power. It's definitely who you know that will open that door. Look no further than Hunter Biden for proof. Chelsea Clinton is another one. If you look at all these elites, they aren't singles - they're connected in some way to power and wealth and that is how they got their position. If your kid has a friendship with, say, one of the Obama girls that will translate to a powerful position in the media or government that your kid may be largely unqualified for.

Most people are happy with their medium sized lives, they don't aspire to be a close personal friend of Jeffrey Epstein or Harvey Weinstein. So a small local college or a community college or no college at all will do them just fine.

So that said, someone will have to explain to me why the rest of us should pay for the children of wealth or those who aspire to wealth to attend what is basically an obscenely expensive meet and greet.

I worked at Harvard for almost two years - and was part of a church that had a few dozen undergrads as part of our campus ministry. While it is TOTALLY true for some - it is not true for most. There are a lot of undergrads who are certainly getting in because Daddy is a rich alumnus - Harvard gets far more in endowments than any other school, but almost all of the highest ones are Ivy League. All of the people I knew at Harvard were there due to multiple scholarships, and all of them clearly earned them. Seventy percent of Harvard students are there on some scholarship.

Beyond this strata of people - the rich snobs - and it's a VERY thin strata, especially if you're not Harvard, Yale, Princeton or Stanford - the overwhelming majority of students are not well to do, will never make "connections" and are clearly intending for their education to be the entrance to a career - a job that WILL NOT HIRE THEM without it.

I do believe something needs to be done about the outrageous cost of college, and I certainly think that some college courses do not warrant the price tag that others do. Overall, college costs have far outstripped inflation over the past three decades, while correpsonding careers have not at all kept pace. When I started my career, my total college cost was barely equal to a year's salary, and I got some of it through scholarships and worked the rest off. A comparable education TODAY is easily about four times the starting salary upon exit - and that's just engineering.

To keep pace with the rest of THE WORLD, yes, we do need a population with enough college educated or college equivalent educated persons. We already don't make enough doctors, and no one would claim they don't need college.

 

[stgislander]

If I may ...


Let's switch this around ... There's really no rational reason why a government employee should be paid more than the average private sector employee.

I'm Steny Hoyer, and I DO NOT approve this message.

 

[vraiblonde]

You do know Trump (Wharton at university of penn) and Desantis (Yale and Harvard) are Ivy League elites?

What has that to do with my post? Besides that you have to make your daily quota of Trump-hate posts or they'll kick you out of the cult?

 

[vraiblonde]

I worked at Harvard for almost two years - and was part of a church that had a few dozen undergrads as part of our campus ministry. While it is TOTALLY true for some - it is not true for most. There are a lot of undergrads who are certainly getting in because Daddy is a rich alumnus - Harvard gets far more in endowments than any other school, but almost all of the highest ones are Ivy League. All of the people I knew at Harvard were there due to multiple scholarships, and all of them clearly earned them. Seventy percent of Harvard students are there on some scholarship.

Beyond this strata of people - the rich snobs - and it's a VERY thin strata, especially if you're not Harvard, Yale, Princeton or Stanford - the overwhelming majority of students are not well to do, will never make "connections" and are clearly intending for their education to be the entrance to a career - a job that WILL NOT HIRE THEM without it.

My point being, why Harvard? Or Stanford or Yale or Brown? Why not get your degree at a more affordable college? What do those schools offer that others don't?

I mean, I know the answer to that but I want to hear what you think.

 

[SamSpade]

My point being, why Harvard? Or Stanford or Yale or Brown? Why not get your degree at a more affordable college? What do those schools offer that others don't?

I mean, I know the answer to that but I want to hear what you think.

Using extremes as an example - I think it's fair to say the academic RIGOR someone gets at Harvard far exceeds what they might get at Strayer or Phoenix. While RPI isn't as well known - I thought it was a bit advantageous that the standard physics text ACROSS THE NATION was written by the guy teaching me physics, there.

Just because they both qualify as actual accredited degrees does not mean they're equivalent any more than it is true of high schools. Graduates of schools like Bronx Science, Boston Latin, Stuyvesant, Philips Academy - some of their alumni may be rich - but they're a cut above your average high school.

To be fair - elite colleges REALLY shine when you go up to their graduate programs. While Harvard and MIT have undergrad programs difficult to enter - their grad programs are FULL of minds from around the world, and they're the ones pushing the envelope and produce the Nobel winners (and don't dismiss the Nobel Prizes because of the Peace Prize - the prizes in the sciences are a who's who of the greatest minds in their fields).

I disputed this once, years ago - and found I was wrong - that public schools and state schools are just as likely to produce a Nobel winner or otherwise outstanding mind - and I just couldn't prove it.

HOWEVER ----------

IF you intend to excel in a career - you, me, regular college bound young person (ha!) - most schools will do. PERSONALLY I would prefer someone who's shown by his skills that he knows his stuff and has demonstrated the ambition to succeed - they stick out. And that MIGHT include someone who won a dozen scholarships to attend Harvard or MIT versus some kid who worked his way through Maryland. I've worked alongside people with advanced degrees who show incredible myopia in their ability to learn - on the other hand, I am currently - literally, right now as I am at work - with a woman who is our only Java expert working now with a language she's never seen - I am helping her through it - but she is catching on VERY fast. She has a great mind, and more importantly a great attitude.

At this point in my career - sometimes I look back at my peers in college and notice - some of them have advanced far beyond what I ever will. And some of them are DEAD. So - I shrug and say, I am happy, I have a great life. I wish everyone to have what I have.