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If we want to do something positive for the nation and for those seeking employment, provide zero interest student loans for Trade Schools. At least they will have a paying job when they graduate.
But that's not what the progressives want. They want to preserve and perpetuate socialist ideology. You don't find that in a Trade School. My son and I started discussing possible career paths for him when he was a freshman in high school. After Biden was installed in the White House, one of my son's top options, the military, was crossed off the list. During his junior and senior years, he split his time between regular high school classes locally, and taking HVAC courses at the Technical High School in Indianapolis. He graduated last month, and was already certified with OSHA and EPA for HVAC. He took one week off, then started his job (starting pay $24/hr) as an HVAC technician working for a local commerical HVAC contractor in Indianapolis. He is probably two hundred thousand dollars ahead by doing that instead of delaying adulthood by going to a four year college and piling up debt. My son graduated at the beginning of June. Honors student, just outside the top 10 in his class, great test scores, etc. He absolutely wrote off college as an option and, for the same reasons as your son, wrote off the military. He had several options he was considering and opted to start working for a local electrician this past week. He seems to be liking the work, and his supervisor reached out today to comment on his work ethic and attitude. I can't think of a single reason to criticize his plan.
�Out of every one hundred men, ten shouldn't even be there, eighty are just targets, nine are the real fighters, and we are lucky to have them, for they make the battle. Ah, but the one, one is a warrior, and he will bring the others back.�
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Joined: Dec 2019
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If we want to do something positive for the nation and for those seeking employment, provide zero interest student loans for Trade Schools. At least they will have a paying job when they graduate.
But that's not what the progressives want. They want to preserve and perpetuate socialist ideology. You don't find that in a Trade School. My son and I started discussing possible career paths for him when he was a freshman in high school. After Biden was installed in the White House, one of my son's top options, the military, was crossed off the list. During his junior and senior years, he split his time between regular high school classes locally, and taking HVAC courses at the Technical High School in Indianapolis. He graduated last month, and was already certified with OSHA and EPA for HVAC. He took one week off, then started his job (starting pay $24/hr) as an HVAC technician working for a local commerical HVAC contractor in Indianapolis. He is probably two hundred thousand dollars ahead by doing that instead of delaying adulthood by going to a four year college and piling up debt. My son graduated at the beginning of June. Honors student, just outside the top 10 in his class, great test scores, etc. He absolutely wrote off college as an option and, for the same reasons as your son, wrote off the military. He had several options he was considering and opted to start working for a local electrician this past week. He seems to be liking the work, and his supervisor reached out today to comment on his work ethic and attitude. I can't think of a single reason to criticize his plan. There are lots of ways to end up in a good place. I suspect a young man like him would find success with any of them. He’ll do fine. College is still very doable but I’d advise a student to be cost conscious. Most of the first year can often be done before graduating HS. By combining community college with scholarships and part time work, a 4 yr degree can be had with limited borrowing. Just be sure to pick one that pays.
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I don't disagree. I'm not anti-college, I'm anti useless college. If one is pursuing a career which necessitates a degree, so be it. As you pointed out, in those cases there are cost effective ways to get that degree responsibly. A lot of my friends' graduates are going to college, and most of them have plans which involve the need for those degrees. The couple that don't (liberal arts) I just shake my head and keep my mouth shut.
Last edited by NH K9; 06/30/23.
�Out of every one hundred men, ten shouldn't even be there, eighty are just targets, nine are the real fighters, and we are lucky to have them, for they make the battle. Ah, but the one, one is a warrior, and he will bring the others back.�
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Joined: Nov 2002
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Campfire 'Bwana
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Campfire 'Bwana
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Also, an engineering degree ain't worth now what it was thirty years ago.
Companies are importing thousands of engineers from India who think $45,000 is a lot of money... I and my youngest son disagree.
Conduct is the best proof of character.
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Keep in mind, SCOTUS didn’t say it couldn’t be done. They just said the way Bidet did it was unconstitutional.
P
Obey lawful commands. Video interactions. Hold bad cops accountable. Problem solved.
~Molɔ̀ːn Labé Skýla~
Member #547 Join date 3/09/2001
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Now rule for no reparations. Precisely this!!!
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It's been entertaining watching the MSM/Fox interviews of students who believe they are entitled to loan forgiveness. Most seem to believe the Executive Branch can somehow establish laws and mandate/modify the use of taxpayer dollars.
This is a High School Civics class issue. At the most basic level of our government as outlined in the US Constitution, the Executive Branch has no authority whatsoever to forgive debt or establish law.
Why this is a surprise to anyone speaks volumes on how poorly educated Americans are today. The US education system favors indoctrination over education. That's painfully apparent now. Yep I agree
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Times have changed. My college ed was pretty good and cheap enough to pay off by working part time and summers. Things are different today. Forgive the understatement. The scam would make the scum bankers whole for their greed and stupidity at taxpayer expense, as always is the case. They also want to make new loans to these fools for houses, etc. The symbiosis with greedy colleges who took advantage of new loan programs to raise prices while lowering quality in favor of leftish indoctrination left, what millions?, in the lurch. A pretty strong class action case could be mounted against the colleges for fraud seems to me. Force them to pay off the banks to clear up student credit history. The case could be made for moral hazard for luring these naive kids into useless education. There are plenty of cases of irresponsible borrowing however to doom that brilliant idea perhaps. Glad it's quashed.
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Biden knew this was going down the drain it was all about buying votes and it worked.
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I think I put this in another post but wifey and I went the 529 route. We opened accounts for each one of the grandkids when they were born. So much a month deposited for each kid. The oldest will start college this fall with a 30k head start.
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Why didn't they just make it legal to default on student debt? It would get the borrowers who could never pay them get out of debt and it will force the lenders to scrutinize who they lend money to. This is how banking is supposed to work...
Quando omni flunkus moritati
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Campfire 'Bwana
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Campfire 'Bwana
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I think I put this in another post but wifey and I went the 529 route. We opened accounts for each one of the grandkids when they were born. So much a month deposited for each kid. The oldest will start college this fall with a 30k head start. Yep on the 529. A thousand a month for our grandson and another grand a month when our granddaughter arrives later this year.
Conduct is the best proof of character.
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Campfire Ranger
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Why didn't they just make it legal to default on student debt? It would get the borrowers who could never pay them get out of debt and it will force the lenders to scrutinize who they lend money to. This is how banking is supposed to work... +1 Make it like any other loan. Let the shylocks decide who they loan to based on risk same as it is (or should be) for a mortgage or car loan.
MAGA
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Wow EdM. Each one of them will be able to own their own school by then! I think Iowa's 529 is only rated a c- or something overall but it was still about 1 third my money 2 thirds earnings. It was a blessing to Gma and Gpa as neither one of us went past high school
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No doubt student loans are a problem and something needs to be done in putting a stop to the non sense of easy borrowing for out of hand tuitions. I am glad however that forgiveness wasn't accomplished. There would be no learning from that.
With a PharmD degree I am one who owes a bunch of student loans. I got through my undergrad/bachelor's with zero debt. There was simply no way to do so in pursuit of the graduate degree. Anyway, I could go on in my ramblings.
Large student loans with high interest rates (8%) are demoralizing in trying to pay off. In the first 5 years of repayment, we had paid exactly what we had borrowed. But do to capitalization we still owed the same amount that we had borrowed. However, it's been motivating to do so when seeing the needle move at 0%.
If I were king for a day the first thing I would do is place incentives for getting them paid off quickly. For example, let's say the incentive is the interest rate remains/starts at 0% for x amount of time. Payments are required, otherwise the interest rate increases. If you pay off the principal in that time frame you're done. If not, the remaining balance than receives a teared interest rate based on time frame.
Student loans were designed to help people increase their wages and hence put them in higher tax brackets. Therefore increase government revenue. As is, it's been a cash grab for univserties and (for lack of a better word) enslave people to the system.
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I'm 73 and was blessed in that my parents told me they would cover my college. This was in 1968. Got a good degree and have been in construction since then. Divorced from my first wife and had to pay for those two kids. Or, part of it. The first one did 3 1/2 years of college and had less than one years worth of credits. The other ended up paying the last three years with grants and scholarships. Son with second wife got his degree in two spurts. Is not a registered professional engineer. I had about $10K in debt for them I paid off.
Tuition has gotten too far out of control. The colleges/universities see they can get lots of easy money. I work with a guy whose son is going to dental school. Just finished his first year. His son expects to have $400K in student loans when he graduates. That is insane.
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Tuition has gotten too far out of control. The colleges/universities see they can get lots of easy money. I work with a guy whose son is going to dental school. Just finished his first year. His son expects to have $400K in student loans when he graduates. That is insane. Yes that is insane. But he made the decision. Im glad the taxpayer is not having to pay for his decision.
NRA Patron
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Also, an engineering degree ain't worth now what it was thirty years ago.
Companies are importing thousands of engineers from India who think $45,000 is a lot of money... I and my youngest son disagree. Agreed Ed! I graduated with a BS in Chemical Engineering in the mid-90’s and started at $44,400 a year. We pay a starting salary of about $100k a year now for new grads. If I would have gotten any other degree (including one of those 8yr degrees) I probably wouldn’t make as much as I do today. I had about $20k in student loans when I graduated, plus another $5k or so in credit card debt - not because I was stupid with money, but because I was poor, got very little student aid, and my parents paid very little (<10%) of my costs. I also worked part time. Paying it back was like having another car note every month, but it was all paid back in less than 10years. All that to say I would do it all over again! But you have to get a degree that pays a good salary and provides good career opportunities!
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I got a 4 year degree in History. I worked my way through school and never borrowed a dime.
I wound up a Blue Collar man, and worked as a paramedic, and as a log home builder, and 8 years as an over the road truck driver.
I know what these kids are doing on these student loans today, running up $55 grand in debt for a Psychology degree. They are partying! Lots of girls in college, very friendly girls, and lots of pot and booze.
And now, they can't get a job with their degree, and they want blue collar guys like me to pay off their loans. It is unfair.
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Interesting facts: The number of borrowers aged 60 and over grew six-fold since 2004, while their outstanding debt increased 19-fold. Today, 3.5 million Americans 60 and older hold over $125 billion in student loans. If you are on social security and default on your student loan 15% of your social security can be garnished.
My biggest fear is when I die my wife will sell my guns for what I told her they cost.
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