Warren has a plan to pay off student debt

[OldJourno]

What that means is Sen. Warren has a plan to buy the votes of people who have student loan debt.
I am well acquainted with two people who had student loans. My daughter paid every month for years and finally wiped the books clean a couple of years ago. She graduated in '06.
The other is my last boss. No idea when his student loans date from, but he was always fuming about having to pay them back, and always fuming about never starting to pay them back. I have no idea how much he owed.
I do know that he owned a home, that he was well paid for the community we lived in, that his wife was even better paid, and that in the housing mania before the late summer of '08 he refinanced his house at least once, bought a new Jeep and high-def TV and gambled most of the rest away.
Then in 2010 during a smoke break we were talking family finances and he confessed that he and his wife had sat down and figured out they were $300 short of making it a month.
"And I still haven't started paying off my college loan," he told me.
They managed to make ends meet by no longer making house payments.
I say if they rang up the debt, let them pay it off.

 

[bellisarius]

Everybody's a victim these days.

Bet he signed those papers at gunpoint.

 

[Hal9000_]

The problem is worthless degrees.


"I majored in Art History".


"Great, can you drive a forklift?"

 

[loveupskirt]

The problem is worthless degrees.


"I majored in Art History".


"Great, can you drive a forklift?"

Better than "Gender studies."

 

[Hal9000_]

Better than "Gender studies."

Looking up girls skirts is not right, dude.

There are plenty that will show you willfully.

 

[SpeareChucker]

Not just worthless degrees but the mentality that you have a "right" to college
that is not remotely based upon ability, so courses are watered down or dropped
and grades are inflated with the idea of moving them on to grad school
bringing more "free" government money to the college itself...

Maybe she should advocating looting Harvard, which is sitting on a pile of cash
and using that windfall to begin relieving a generation of responsibility
for choices made and paths traveled.

 

[SpeareChucker]

"Gender Studies" is a real growth industry.

How many genders are now recognized?


47?

 

[oralaccents]

Harvard needs a Machinist Degree.

 

[bellisarius]

"Gender Studies" is a real growth industry.

How many genders are now recognized?


47?

With a pronoun for each and every one of them.

 

[SpeareChucker]

Boosting the breadth and scope of the English Department.

 

[bellisarius]

At the rate things are going in academia English will be another 'dead' language in a generation or so.

 

[oralaccents]

Death of a Grammarian, wasn't that one of Neil Simon's later efforts?

 

[SpeareChucker]

Spanglish?

 

[oralaccents]

Spanglish?

I watched his new romcom with Jennifer Nippleston last night.

Gigantic budget, tired gags, though well-delivered.

I guess if you're going to knock out a lukewarm comedy, you might as well film it in luxe surroundings.

It even had a decent car chase.

 

[icanhelp1]

What that means is Sen. Warren has a plan to buy the votes of people who have student loan debt.
I am well acquainted with two people who had student loans. My daughter paid every month for years and finally wiped the books clean a couple of years ago. She graduated in '06.
The other is my last boss. No idea when his student loans date from, but he was always fuming about having to pay them back, and always fuming about never starting to pay them back. I have no idea how much he owed.
I do know that he owned a home, that he was well paid for the community we lived in, that his wife was even better paid, and that in the housing mania before the late summer of '08 he refinanced his house at least once, bought a new Jeep and high-def TV and gambled most of the rest away.
Then in 2010 during a smoke break we were talking family finances and he confessed that he and his wife had sat down and figured out they were $300 short of making it a month.
"And I still haven't started paying off my college loan," he told me.
They managed to make ends meet by no longer making house payments.
I say if they rang up the debt, let them pay it off.

These presidential candidates can promise you the moon, Medicare for all, wipe out student loan debt, reparations, the green new deal, pro choice abortion, raising taxes on the rich, all pie in the sky stuff. People need to understand all this pie in the sky stuff has to go through the house and the senate ( house and senate= RIP)

 

[DWW]

Follow the Money - Who Benefits from Student Loans the Most?

Colleges and Universities - for profit, private and public. They get to jack up tuition rather than say to collectively say no to Title IX nonsense from the Feds, non-essential administrative position glut, expansion of politically-motivated academic departments that pump out worthless degrees (far more worthless than Art History) and spending on "lifestyle" stuff like fancy student dorms and restaurant-style cafeterias (not to mention the sports that only pay for themselves at a few high-profile schools). Then they sit back and let the students - and (if Pocahontas gets her way) the rest of us tax-payers who paid off our loans pay the tab. Colleges and Universities are the biggest beneficiaries of student loans and they have almost no skin in the game on re-payment. Make them the co-signers of student loans and watch how quickly the repayment problem decreases.

The WSJ said this weekend that 63% of student loans are for under $30K - and that something like 30% of undergrads graduate with no student debt. This is mostly an issue of priorities after graduation - paying student debt versus spending on stuff and then hoping a liberal politician will make someone else pay. Plus a few students with huge student debt who should have either not gone to college the way that they did or not gone at all.

 

[icanhelp1]

Colleges and Universities - for profit, private and public. They get to jack up tuition rather than say to collectively say no to Title IX nonsense from the Feds, non-essential administrative position glut, expansion of politically-motivated academic departments that pump out worthless degrees (far more worthless than Art History) and spending on "lifestyle" stuff like fancy student dorms and restaurant-style cafeterias (not to mention the sports that only pay for themselves at a few high-profile schools). Then they sit back and let the students - and (if Pocahontas gets her way) the rest of us tax-payers who paid off our loans pay the tab. Colleges and Universities are the biggest beneficiaries of student loans and they have almost no skin in the game on re-payment. Make them the co-signers of student loans and watch how quickly the repayment problem decreases.

The WSJ said this weekend that 63% of student loans are for under $30K - and that something like 30% of undergrads graduate with no student debt. This is mostly an issue of priorities after graduation - paying student debt versus spending on stuff and then hoping a liberal politician will make someone else pay. Plus a few students with huge student debt who should have either not gone to college the way that they did or not gone at all.

SPOT ON!!! KEEP GIVING AND COLLEGES WILL KEEP HIKING UP THE COST!

 

[RobDownSouth]

Looks like a check-in thread for the EDUCATION BAD! contingent.

 

[Rightguide]

Not just worthless degrees but the mentality that you have a "right" to college
that is not remotely based upon ability, so courses are watered down or dropped
and grades are inflated with the idea of moving them on to grad school
bringing more "free" government money to the college itself...

Maybe she should advocating looting Harvard, which is sitting on a pile of cash
and using that windfall to begin relieving a generation of responsibility
for choices made and paths traveled.

Soon they'll diminish a college education like they did the the high school education of yesterday you have to go to college to get today.

 

[Boxlicker101]

Looks like a check-in thread for the EDUCATION BAD! contingent.

Nobody has said anything about education being bad. There has been some griping - reasonable, I believe - about useless majors such as History of Art or Basket Weaving or Gender Studies or such. Why should taxpayers pay people for goofing off for four years? What benefit does anybody derive from majors such as those and some others like them?

 

[icanhelp1]

Nobody has said anything about education being bad. There has been some griping - reasonable, I believe - about useless majors such as History of Art or Basket Weaving or Gender Studies or such. Why should taxpayers pay people for goofing off for four years? What benefit does anybody derive from majors such as those and some others like them?

We spend per/capita the most money on education in the world. 25 TO 30 YRS AGO WE WERE IN THE TOP THREE IN WORLD RANKING. Today we are 38th, I wonder why that is? Money isn't the answer.

 

[HisArpy]

We spend per/capita the most money on education in the world. 25 TO 30 YRS AGO WE WERE IN THE TOP THREE IN WORLD RANKING. Today we are 38th, I wonder why that is? Money isn't the answer.

Of course it's not the answer. It's not even the right question.

The question is; why do people go to college to get useless degrees in the first place? Those subjects covered by those useless degrees can be done by others with valuable degrees.

For instance, a pol-sci major can go to grad school to be an attorney. He can stop after a Bachelor and be a pollster, politician, Media pundit, journalist (with a minor in this field), and so on.

A Paleontologist major can be a dinosaur hunter, a historian, a librarian, a lab scientist, and so on.

OTOH, no one with a major in "Gender studies" can do anything except ask if you want fries with your burger.

What's the point in offering useless degrees at the college level? Maybe it IS about the money after all.

 

[icanhelp1]

Of course it's not the answer. It's not even the right question.

The question is; why do people go to college to get useless degrees in the first place? Those subjects covered by those useless degrees can be done by others with valuable degrees.

For instance, a pol-sci major can go to grad school to be an attorney. He can stop after a Bachelor and be a pollster, politician, Media pundit, journalist (with a minor in this field), and so on.

A Paleontologist major can be a dinosaur hunter, a historian, a librarian, a lab scientist, and so on.

OTOH, no one with a major in "Gender studies" can do anything except ask if you want fries with your burger.

What's the point in offering useless degrees at the college level? Maybe it IS about the money after all.

My point is we don't need more money we need better management. I agree we should incentivise career programs that are beneficial to society but in you want a degree in gender studies then you pay for it!!! I'm not. And if you're here illegal you don't get a dime, let Nancy pay for them, she's loaded. We need to see her tax returns so we know how much she needs to give illegals. She wants then she can pay for them.

 

[HisArpy]

My point is we don't need more money we need better management. I agree we should incentivise career programs that are beneficial to society but in you want a degree in gender studies then you pay for it!!! I'm not. And if you're here illegal you don't get a dime, let Nancy pay for them, she's loaded. We need to see her tax returns so we know how much she needs to give illegals. She wants then she can pay for them.

Mark Levin had a guest on the other night who talked about "the administrative State" and explained that there's a reason that our education system is doing what it's doing.

Basically he said that the education system is cranking out "deep state" operatives which support the education system as well as the global elite because they are part of it.

To extend that, the useless degrees serve a purpose in that they tend to go to those who social commit unrest which benefits the "administrative State" at the expense of the general public. Rabble Rousers transfer power to the bureaucracy from the people as an offset to the rabble rousing. Hand in glove action.

I don't know if that's true, but it's a reasonable working hypothesis.

 

[RobDownSouth]

Nobody has said anything about education being bad. There has been some griping - reasonable, I believe - about useless majors such as History of Art or Basket Weaving or Gender Studies or such. Why should taxpayers pay people for goofing off for four years? What benefit does anybody derive from majors such as those and some others like them?

Yeah, yeah, the same old trope about "useless degrees" ("but..but...basket weaving!") that you RWCJers trot out each time post-secondary education cost comes up.

There was a great article a few months back about a "lost generation" of business majors (finance, accounting, insurance, etc) who were graduated in the period 2008 to 2012 when the Bush recession hit. Businesses were laying off people left and right, and these folks were forced to compete for entry level positions against older folks with 5, 10 or 15 years experience. They couldn't find jobs, even though they had the "right" majors.

And let's talk about Computer Science! These days, folks here in Murica with newly minted Comp Sci degrees can't find any jobs in data processing because they're competing with folks from India with PhDs who are willing to work for 1/3 the salary they were hoping for. AJ has a degree in Computer Science and his last job was a seasonal worker unloading trucks at Walmart.

So please, spare me your jibba jabba about the "right" degrees.