SIGforum.com Main Page The Lounge What Impact Will President Biden's Student Loan Forgiveness Have on Your Investments?
Main Page The Lounge What Impact Will President Biden's Student Loan Forgiveness Have on Your Investments?Go | New | Find | Notify | Tools | Reply | |
| My other Sig is a Steyr.  |
Simples. I need a $50,000 check because I didn't get a worthless degree and act stupid enough to not use it. I'd also like to use it before inflation takes off since the government is hemorrhaging extra money that nobody had to earn and/or lose. Hopefully I can invest it before the currency devaluation... If they do forgive the loans for the whiny little snots, I'm sure they'll bitch about it being taxable. | |||
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Member |
One other factor to throw into the mess. That the govt got into the education loan business and gave out any amount of loan money to any and all students without any qualifications at all, none, nada. So institutions made themselves filthy rich with the flood of govt loan money, overbuilt programs, buildings, and everything else that goes with that. The fault of student ignorance or lack of character ? Sure. The fault of the govt for getting involved in funding post-public education in such a stupid way, much worse in my opinion. The real evil in this system is again, uncle sugar spending other peoples' money. Lover of the US Constitution Wile E. Coyote School of DIY Disaster | |||
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| No double standards |
^^^^^^^^^ You make sense. I might add another factor. When the gov't spends money "for the people", the first checks go to themselves. "The people" stand at the back of the line. "Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it" - Judge Learned Hand, May 1944 | |||
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| Freethinker |
XXX = any such program. Henry Hazlitt warned about the bad effects of such programs in Economics in One Lesson first published in 1947. His example was government-subsidized housing purchases, but the things he identified as the problems of such programs apply directly to the college loan program. When people have what they view as essentially free money (until the loans come due in some distant, unimaginable future) they don’t object to ever-increasing tuition costs and the colleges have no compunction or reason to not raise them as much as they can get away with. ► 6.4/93.6 ___________ “We are Americans …. Together we have resisted the trap of appeasement, cynicism, and isolation that gives temptation to tyrants.” — George H. W. Bush | |||
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| Banned |
Today colleges.....pay ridiculous tuition ....come out dumber than before you went in...let your neighbors pay the bill. Perfect. | |||
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| Big Stack |
So far this is the only reply in this thread that is relevant to the original question. Until more details are released, which means the proposal actually goes any where, we won't know. If the government just eats the balance on loans it's carrying, it's just another deficit increasing giveaway. If it forces private lenders to eat the debt their carrying it's a whole other ballgame. I don't know how many people actually invest in student loan debt. I suspect that bond mutual funds likely due. But I have a hard time thinking he government can or would force private debt holders to just eat the debt uncompensated. I do think that this will be either irrelevant or a positive to the equity markets. The reason that stocks have been going up is that a lot of the stimulus has been ending up invested in the stock market. This will just be more of that.
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SIGforum.com Main Page The Lounge What Impact Will President Biden's Student Loan Forgiveness Have on Your Investments?
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