I think that if I had a huge student loan debt because of some bullshit degree, I'd probably want it forgiven too . 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

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

...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

I demand Trump forgive my mortgage and car loan!!

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

Oh I'll forgive them for taking on so much debt so young....but they're still gonna pay it back

quote:

Originally posted by BamaJeepster:
I demand Trump forgive my mortgage and car loan!!

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

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

#LoanSnowflakeLivesMatter

H&K-Guy

Live up to your goddamn obligations like I did.

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,

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.

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!

Exactly!!! Tough shit. Paid my loan back....every penny. Early!

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 . 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

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

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



Screw. You. Screw. You.

42% of Americans think that Abraham Lincoln fought the Nazis at Valley Forge.

Suck it up buttercup.

quote:

Originally posted by parabellum:
42% of Americans think that Abraham Lincoln fought the Nazis at Valley Forge.

It's probably the same 42%

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.

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.

Bread and circuses.


Only if they repay me and my wife get 105k we paid off.

Okay but you can never VOTE again.

quote:

Originally posted by darthfuster:
Okay but you can never VOTE again.

Oooooooooohhhh....GOOD ONE!!!

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.

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