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

Since I have been watching the stock market. It rises to reflect inflation. They print a pile of money. The dollars we hold become devalued. Stock prices go up because it takes more devalued dollars to equal what companies are worth.

Since I have been watching the stock market. It rises to reflect inflation. They print a pile of money. The dollars we hold become devalued. Stock prices go up because it takes more devalued dollars to equal what companies are worth. Other factors could cause other results.

Agreed. Paid mine back for 15 yrs and these spoiled ass brats want it for free just like everything else. Grow up! Get a job! Go to work! Pay your bills!

The silent tax. Govt debt is worth less with inflation.

We pay. They spend, buy votes to stay in power. We pay....

DF

I'm not talking about their choices, I'm talking about choices that the country needs and it benefits everyone.

I have no problem forgiving student loan debt for someone who agrees to do a job that benefits the country. No different than joining the military and getting college paid for.
Doctors, Teachers, probably some other careers I can't think of right now.

How many of us have a doctor who got their degree in another country? Or politicians touting school vouchers to send kids to suburban schools (our suburban schools) because they can't get a decent education at their local school in the city.

Because they won't get as many into the indoctrination system if they do that.

All of the discussion about the government role in this mess, the students who should/should not have to pay off their loans, etc., etc.
A huge factor is the behavior of the colleges/universities, which kept raising and raising tuition and fees to fatten their coffers with easy money because they knew the students could and would go so far into debt. And, did some students misuse and abuse the loan program - you bet some did - for all sorts of non-essential expenses/purchases. What could have been a righteous way to truly help with education was abused wholesale - a shameful mess.

Many years back one of my supervisors paid for his kids but also took out the max in student loans. I think they were at about 4% then. Invested in the markets and did very well. Market was doing about 12%.

Paid for my son during his schooling. As parents we had a forced appointment with the school's financial office, and just shot the breeze for our assigned 20-minute window. The load officer said kids used the place like it was a credit card. Come in and ask for 5K, and while the paper work was being done talk about how grand spring break was down in Cabo.

By age 18, most kids should have an understanding of the term "loan."

The best deal around here is to enter the medical fields, put in two years in a rural community, and the hospital pays off their loans. Neighbor serves on the local hospital board. Young budding doctors draw about 225K in salary, only work half time, and then farm out to other hospitals during their off time at even higher rates. Eighteen months in, their homes get listed, and 2 years to the day they head for Metropolis free and clear.

the problem now is that the cabal in the WH has not a collective clue about anything, they are all too stupid to come up with anything reasonable or designed to actually do anything for the good of the country.

Trump had better insight while he was taking a dump than these people on their best day all prettied up and staring at their devices

I am not talking about Johnson and blacks.

I am referencing Biden and white trash. Indoctrinated Socialists too stupid to see the final results of their Utopia.

Cut out the student loans and the cost of education will drop!

You are right. I am a big fan of Dave Ramsey. He hates the student loan program and wants it abolished. He says, if you are broke do your first two years living in Mom's basement at the local community college, very cheap.
Then go to an in state 4 year school and you can get a good education for cheapo. Of course, you will need to work summers, full time, and part time during the school year.

I have pondered this post for the last couple of days.

From a moral perspective on the surface I completely agree with you.

BUT from a higher moral perspective why should I burden myself or my young son with $100k in student loans while some other scumbag will receive forgiveness and therefore $100k advantage over myself or my son.

It's kind of like somebody robbing you with a knife, but you hand them a gun so they can do a better job at it and it will be a fair fight... for a fight to their scumbag advantage.

The higher moral perspective is for the lesson painful loan repayment to occur uniformly across all people.

Just because someone is a dumbass and chooses to get a PhD in paleobotany with an emphasis in underwater basket weaving with historic plants does not mean it's my problem to repay their loan. Obviously, they were the dumbass that chose this profession. Not me

That was not intended as a shot at either one of you gentlemen.

There’s nothing “very cheap” about the local community college nowadays. And there’s nothing “cheapo” about an in state 4 year school either...not anymore.

Correct. This whole dilemma is exactly the same as the illegal immigration problem. Treating the symptom instead of the cause. Unless they correct the problem creating all this crazy student loan debt the kids 5 or 10 years down the road will be in the same boat. Forgiving peoples debt fixes nothing with this problem, it is simply a gift to the people who receive it.

There are several options to help people pay back their OWN loans, after we fix the damn problem about predatory student loans and ridiculous college tuitions.