Home Forums Hunting & Shooting Hunter's Campfire What Impact Will President Biden's Student Loan Forgiveness Have on Your Investments

Unfortunately those loans were predatory from the get go as is the education system. Lots of kids got loans and were going to school just enough to live on the loans. Bad idea. Stupid.

The idea to laugh ar these young f0lks not having a usable degree or any experiance isnt something to take glee in either. Its a tragedy and we allowed this to happen.

I dont know what this may do to retirement funds but it probably wont be positive for most folks.

At best this education system is an criminal enterprise as is the loaning of college costs and the insane rising costs. Its not funny because young people were duped into the game as is normalnfolks saving for retirement and the social structure at large. Its a sad tale, but continuing down the same path will only make it worse.

One of my biggest complainst Trump ( i voted for him twice) is that he blew the opportunity to captivate these young people and engage with them a workable solution to this crisis. His arrogance didnt allow him to visit schools and students and put their voices and concerns before congress and also the interests of jilders of this debt. He had an opporrunity to reach out to young folks and put this mess in a spotlight instead of spend time in Mar a Lago. He had the opportunity to do something for a whole block of young voters but did nothing. This burns me, and now we have a demented lackluster idiot in the house calling the shots yet he cant point to the door that leads out of the room.

It is the cheap, easy-to-get money, that is backed by the government, that can't be discharged in bankruptcy, that has driven up the cost of education. Saddling a fresh graduate with $100,000 in debt is inhumane and bad for the economy. In our modern economy, you're screwed without a college degree, but your also screwed with the massive debt load it comes with. It is a disaster perpetuated by the government on our young people.

K-12

Is now

K-PhD

Every dollar that is printed by .GOV

Dilutes the value of every dollar earned or saved.

When I was a boy, my family took a vacation to Acapulco Mexico. My father had won some trip with this company.

I was about 10 or 12. He took me to the city to see things. And various shops to buy and sell Goods in a third world country. I remember the peso what's worth about $0.25. It was a good education on a 4 to 1 exchange rate. He let me buy some switchblade because I thought it was cool. I seem to recall it was my first education in negotiation. I was intimidated to negotiate, but he explained it was expected and they would not have respect for me if I did not negotiate.

Years later watching the news with my family I saw that the peso was no longer 4:1... but more like 100:1.

The concept that my dollar was now worth so much more was fascinating to me... and I wanted to go back to Mexico to buy even more stuff.

My father explained that is not how it works. The switchblade I had bought for 25 pesos three or four years before would now cost 525 pesos.

After the concept finally sank in a few days later... I told my father "Their money is worthless."

Im laughing at all the losers that owe 50K and can't even get a job .

Unfortunately those loans were predatory from the get go as is the education system. Lots of kids got loans and were going to school just enough to live on the loans. Bad idea. Stupid.

The idea to laugh ar these young f0lks not having a usable degree or any experiance isnt something to take glee in either. Its a tragedy and we allowed this to happen.

I dont know what this may do to retirement funds but it probably wont be positive for most folks.

At best this education system is an criminal enterprise as is the loaning of college costs and the insane rising costs. Its not funny because young people were duped into the game as is normalnfolks saving for retirement and the social structure at large. Its a sad tale, but continuing down the same path will only make it worse.

One of my biggest complainst Trump ( i voted for him twice) is that he blew the opportunity to captivate these young people and engage with them a workable solution to this crisis. His arrogance didnt allow him to visit schools and students and put their voices and concerns before congress and also the interests of jilders of this debt. He had an opporrunity to reach out to young folks and put this mess in a spotlight instead of spend time in Mar a Lago. He had the opportunity to do something for a whole block of young voters but did nothing. This burns me, and now we have a demented lackluster idiot in the house calling the shots yet he cant point to the door that leads out of the room.

The cost of tuition is high (and keeps raising) because of the easily available government loans.

The easily government loans are available because the tuition is high and keeps raising.

It’s a self fulfilling prophecy.

Just like the war on drugs, welfare, and everything else the government is involved in, it won’t fix itself. There are solutions that would work, but too many would be opposed to the fallout.

You’re cousin (probably didn’t go to Harvard but is 250k in debt) to teach grade school. You don’t think that isn’t an artificial occupation system to make debt slaves and dependent on government? Somebody needing an MA to teach 3rd grade and going 250k in the hole to do it is a huge part of the problem.

100% spot on. The perfect liberal designed self-licking ice cream cone

So does this mean college will be free in the future? Where does this end? What happens when a kid goes and applies to go to college next year, do they get student loan forgiveness also? Doesn't make sense.

I called BMG Steel in Richmond Virginia the other day about a variety of steel I will need for miscellaneous fabrication projects in the next 6 months.

Chatting with the salesman he explained that steel prices had almost doubled in the past year and that many popular items such as 11 gauge 2 inch square stock we're simply no longer available at present.

My son will get an engineering degree this spring. I’ve paid for it. He’s earned it. Would it be a good gamble for him to get a 50k loan now with the expectation that it will be forgiven? It would make a nice down payment on a home.

That's simply wrong

It is the cheap, easy-to-get money, that is backed by the government, that can't be discharged in bankruptcy, that has driven up the cost of education. Saddling a fresh graduate with $100,000 in debt is inhumane and bad for the economy. In our modern economy, you're screwed without a college degree, but your also screwed with the massive debt load it comes with. It is a disaster perpetuated by the government on our young people.