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Picture of olfuzzy
posted
I think that if I had a huge student loan debt because of some bullshit degree, I'd probably want it forgiven too Roll Eyes . Tough shit snowflakes.

The title of the article says 42% want them forgiven but if you go to the poll at the link, it tells a different story Cool

Four in ten Americans believe that President Trump’s administration should forgive all federal student debt in order to help stimulate the economy, a new survey revealed Friday.


According to MoneyTips.com Opens a New Window. , nearly 42% agree or strongly agree that the government should wipe out all debt, while less than 37% disagree or strongly disagree with that move, and the remaining 21% neither agreed nor disagreed.

“Drilling into the data, we found millennials (18-29) were especially passionate about student loan debt forgiveness, strongly agreeing with the idea nearly twice as much as those 50 and older. Even if older people are still paying off their loans, younger people paid more and borrowed more for higher education,” Michael Dubrow, MoneyTips co-founder, tells FOX Business.

Additionally, the survey of 466 Americans found that women (around 47%) were more in favor of loan forgiveness than men, at around 37%.

“This is a terrible idea because all students who have paid for their loans in full will be in an uproar. All of a sudden, others who came after them will benefit immensely to their tremendous sorrow,” Reecy Aresty, founder of Payless for College, tells FOX Business. “Also, what about parent loans? Will they also be forgiven? There’s more parent loans than there are student loans.”

Christopher Krell, CRP and partner at Cassaday & Company in McLean, Va., agrees, saying in order to forgive 25% of the current $1.3 trillion dollars of the student loan debt in the U.S., it would cost almost $33 billion—which is something that the government simply can’t afford—let alone banks.

Some however think it’s a good idea. Miranda Marquit of Student Loan Hero told MoneyTips.com that student loan forgiveness “would go a long way towards helping millennials feel stable enough to take the next steps in their financial lives, as well as even starting businesses.”

On the campaign trail, Trump proposed student loan forgiveness after 15 years of repayment. However, Trump and his Secretary of Education Betsy Devos’ initial education budget have sought to eliminate current loan forgiveness programs.

Brandon Yahn, founder of Studentloansguy.com, says he thinks the current student loan forgiveness plans are a good thing for the country.

“Public Service Loan Forgiveness incentivizes college graduates to take jobs with the government or non-profits. These programs attract top talent to work in the public sector and in positions that generally benefit society. The forgiveness programs still promote responsible repayment (e.g. you must make on-time payments every month), and allowing people to get rid of their debt faster could boost overall economic spending,” Yahn tells FOX Business.

http://www.foxbusiness.com/fea...udent-loan-debt.html
 
Posts: 5181 | Location: 20 miles north of hell | Registered: November 07, 2012Reply With QuoteReport This Post
No Compromise
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...Yawn...

Where's my free chit???

I spent over $40K for my edumacation waaay back in the day. Can I get that 'forgiven'?

H&K-Guy
 
Posts: 3720 | Registered: April 08, 2002Reply With QuoteReport This Post
Info Guru
Picture of BamaJeepster
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I demand Trump forgive my mortgage and car loan!!

I'm taking to the streets...Who's with me??!?!?

Roll Eyes



“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence.”
- John Adams
 
Posts: 29408 | Location: In the red hinterlands of Deep Blue VA | Registered: June 29, 2001Reply With QuoteReport This Post
Glorious SPAM!
Picture of mbinky
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Oh I'll forgive them for taking on so much debt so young....but they're still gonna pay it back Smile
 
Posts: 10640 | Registered: June 13, 2003Reply With QuoteReport This Post
No Compromise
posted Hide Post
quote:
Originally posted by BamaJeepster:
I demand Trump forgive my mortgage and car loan!!

I'm taking to the streets...Who's with me??!?!?

Roll Eyes


I'm with you man! Let's start somethin'.

#LoanSnowflakeLivesMatter

H&K-Guy
 
Posts: 3720 | Registered: April 08, 2002Reply With QuoteReport This Post
Mensch
Picture of kz1000
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Live up to your goddamn obligations like I did. Mad


------------------------------------------------------------------------
"Yidn, shreibt un fershreibt"

"The Nazis entered this war under the rather childish delusion that they were going to bomb everyone else, and nobody was going to bomb them. At Rotterdam, London, Warsaw and half a hundred other places, they put their rather naive theory into operation. They sowed the wind, and now they are going to reap the whirlwind."
-Bomber Harris
 
Posts: 16133 | Location: Ivorydale | Registered: January 21, 2005Reply With QuoteReport This Post
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No surprise to me. These are the entitled beholden to no one or agreements they've made. Why not ask to have their loan forgiven?

The worst Trump can do is say, HELL NO!! Pay your debts bitches!

This message has been edited. Last edited by: recoatlift,
 
Posts: 5775 | Location: west 'by god' virginia | Registered: May 30, 2009Reply With QuoteReport This Post
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Picture of Tuckerrnr1
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quote:

Some however think it’s a good idea. Miranda Marquit of Student Loan Hero told MoneyTips.com that student loan forgiveness “would go a long way towards helping millennials feel stable enough to take the next steps in their financial lives, as well as even starting businesses.”


Bullshit, it will teach them to risk other peoples money the rest of their lives. Your stupid idea for a new business didn't work out? Forgive my business loan please. It will never stop.


_____________________________________________
I may be a bad person, but at least I use my turn signal.
 
Posts: 5956 | Location: Florida | Registered: March 03, 2009Reply With QuoteReport This Post
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Picture of jbcummings
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Screw that! What about all the debt I spent the last 55 years paying for so I could be debt free today. I want my money back! With interest!


———-
Do not meddle in the affairs of wizards, for thou art crunchy and taste good with catsup.
 
Posts: 4306 | Location: DFW | Registered: May 21, 2012Reply With QuoteReport This Post
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Picture of erj_pilot
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Exactly!!! Tough shit. Paid my loan back....every penny. Early!



"If you’re a leader, you lead the way. Not just on the easy ones; you take the tough ones too…” – MAJ Richard D. Winters (1918-2011), E Company, 2nd Battalion, 506th Parachute Infantry Regiment, 101st Airborne

"Woe to those who call evil good, and good evil... Therefore, as tongues of fire lick up straw and as dry grass sinks down in the flames, so their roots will decay and their flowers blow away like dust; for they have rejected the law of the Lord Almighty and spurned the word of the Holy One of Israel." - Isaiah 5:20,24
 
Posts: 11066 | Location: NW Houston | Registered: April 04, 2012Reply With QuoteReport This Post
SIGforum Official
Eye Doc
Picture of bcereuss
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quote:
Originally posted by olfuzzy:
I think that if I had a huge student loan debt because of some bullshit degree, I'd probably want it forgiven too Roll Eyes . Tough shit snowflakes.

The title of the article says 42% want them forgiven but if you go to the poll at the link, it tells a different story Cool

Four in ten Americans believe that President Trump’s administration should forgive all federal student debt in order to help stimulate the economy, a new survey revealed Friday.


According to MoneyTips.com Opens a New Window. , nearly 42% agree or strongly agree that the government should wipe out all debt, while less than 37% disagree or strongly disagree with that move, and the remaining 21% neither agreed nor disagreed.

“Drilling into the data, we found millennials (18-29) were especially passionate about student loan debt forgiveness, strongly agreeing with the idea nearly twice as much as those 50 and older. Even if older people are still paying off their loans, younger people paid more and borrowed more for higher education,” Michael Dubrow, MoneyTips co-founder, tells FOX Business.

Additionally, the survey of 466 Americans found that women (around 47%) were more in favor of loan forgiveness than men, at around 37%.

“This is a terrible idea because all students who have paid for their loans in full will be in an uproar. All of a sudden, others who came after them will benefit immensely to their tremendous sorrow,” Reecy Aresty, founder of Payless for College, tells FOX Business. “Also, what about parent loans? Will they also be forgiven? There’s more parent loans than there are student loans.”

Christopher Krell, CRP and partner at Cassaday & Company in McLean, Va., agrees, saying in order to forgive 25% of the current $1.3 trillion dollars of the student loan debt in the U.S., it would cost almost $33 billion—which is something that the government simply can’t afford—let alone banks.

Some however think it’s a good idea. Miranda Marquit of Student Loan Hero told MoneyTips.com that student loan forgiveness “would go a long way towards helping millennials feel stable enough to take the next steps in their financial lives, as well as even starting businesses.”

On the campaign trail, Trump proposed student loan forgiveness after 15 years of repayment. However, Trump and his Secretary of Education Betsy Devos’ initial education budget have sought to eliminate current loan forgiveness programs.

Brandon Yahn, founder of Studentloansguy.com, says he thinks the current student loan forgiveness plans are a good thing for the country.

“Public Service Loan Forgiveness incentivizes college graduates to take jobs with the government or non-profits. These programs attract top talent to work in the public sector and in positions that generally benefit society. The forgiveness programs still promote responsible repayment (e.g. you must make on-time payments every month), and allowing people to get rid of their debt faster could boost overall economic spending,” Yahn tells FOX Business.

http://www.foxbusiness.com/fea...udent-loan-debt.html


Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad

Screw you. I paid off my loans in full because I chose a career that is actually in demand and offers a return on my investment. Yes, it was more work than studying underwater basket weaving. Screw the freeloading cancer than exists in our borders

Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad

Screw. You. Screw. You.
 
Posts: 3043 | Location: (Occupied) Northern Minnesota | Registered: June 24, 2003Reply With QuoteReport This Post
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Picture of parabellum
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42% of Americans think that Abraham Lincoln fought the Nazis at Valley Forge.
 
Posts: 109627 | Registered: January 20, 2000Reply With QuoteReport This Post
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Picture of msfzoe
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Suck it up buttercup.
 
Posts: 2427 | Location: newyorkistan | Registered: January 06, 2008Reply With QuoteReport This Post
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Picture of olfuzzy
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quote:
Originally posted by parabellum:
42% of Americans think that Abraham Lincoln fought the Nazis at Valley Forge.


It's probably the same 42%
 
Posts: 5181 | Location: 20 miles north of hell | Registered: November 07, 2012Reply With QuoteReport This Post
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Picture of Sailor1911
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quote:
Originally posted by olfuzzy:


Even if older people are still paying off their loans, younger people paid more and borrowed more for higher education



I think the same logic can be applies to the automobile or most any other item in the economy. Yes, they cost more than they did in 1970 and you'll have to borrow more to buy one.

Shit for Brains.




Place your clothes and weapons where you can find them in the dark.

“If in winning a race, you lose the respect of your fellow competitors, then you have won nothing” - Paul Elvstrom "The Great Dane" 1928 - 2016
 
Posts: 3805 | Location: Wichita, Kansas | Registered: March 27, 2011Reply With QuoteReport This Post
Ubique
Picture of TSE
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Perhaps the genius authors of this nonsense could explain how wiping out accrued debt stimulates the economy. If this is so, then we could all just stop paying off our credit cards and the country would be booming.
It seems more likely that this would just be passing the debt on to someone else, namely the tax payer.


Calgary Shooting Centre
 
Posts: 1517 | Location: Alberta | Registered: July 06, 2004Reply With QuoteReport This Post
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Bread and circuses.


Only if they repay me and my wife get 105k we paid off.
 
Posts: 6633 | Location: Virginia | Registered: December 23, 2010Reply With QuoteReport This Post
delicately calloused
Picture of darthfuster
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Okay but you can never VOTE again.



You’re a lying dog-faced pony soldier
 
Posts: 29941 | Location: Norris Lake, TN | Registered: May 07, 2008Reply With QuoteReport This Post
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Picture of erj_pilot
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quote:
Originally posted by darthfuster:
Okay but you can never VOTE again.

Oooooooooohhhh....GOOD ONE!!!



"If you’re a leader, you lead the way. Not just on the easy ones; you take the tough ones too…” – MAJ Richard D. Winters (1918-2011), E Company, 2nd Battalion, 506th Parachute Infantry Regiment, 101st Airborne

"Woe to those who call evil good, and good evil... Therefore, as tongues of fire lick up straw and as dry grass sinks down in the flames, so their roots will decay and their flowers blow away like dust; for they have rejected the law of the Lord Almighty and spurned the word of the Holy One of Israel." - Isaiah 5:20,24
 
Posts: 11066 | Location: NW Houston | Registered: April 04, 2012Reply With QuoteReport This Post
No double standards
posted Hide Post
quote:
Originally posted by parabellum:
42% of Americans think that Abraham Lincoln fought the Nazis at Valley Forge.


I have to cut back on sigforum, either that or buy a new screen and keyboard. I don't know how many more times I can clean the Mt Dew off. Smile

But forgiving debt does not stimulate the economy. It encourages economic carelessness and irresponsibility.




"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
 
Posts: 30668 | Location: UT | Registered: November 11, 2003Reply With QuoteReport This Post
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