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ShockWaveVT
Joined: 01/02/2000
Posts: 7,625
Likes: 1,986
ShockWaveVT
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society has a vested interest in a well-educated population

access to student loans is supposed to encourage (or at least enable education for those who want to pursue it) the problem is that the system isn't set up with enough checks & balances your thoughts about interest rates based on major or academic performance are one avenue to implement some balances. another might be a cap on per-student overhead expenses at colleges eligible for participating in the federal loan programs
Posted: 08/25/2022 at 12:04 PM ET
(In response to this post by hokiehunter07)

Thread Replies (53)

Full Thread →
Am I missing something on this 10k loan forgiveness?
coshokie • 08/25/22 09:38 AM ET
I'd rather have no debt in your position than be in debt
ElbertoHokie • 08/26/22 09:19 AM ET
I'm missing the responsible vs irresponsible categorization. Is everyone
UTPr0sim • 08/25/22 01:31 PM ET
Bingo. **
ElbertoHokie • 08/26/22 09:09 AM ET
It's real simple...
Beerman • 08/25/22 02:55 PM ET
I wasn't categorizing anyone as responsible or irresponsible
coshokie • 08/25/22 02:24 PM ET
"Everyone"? No. Like most things that get turned to black and white...
vthokieq • 08/25/22 01:39 PM ET
On one hand I feel that students are lied to by their parents/teachers
HokieNoVA • 08/25/22 11:05 AM ET
There was a simple mantra "college grads make more lifetime than HS grads"
`lag • 08/25/22 02:37 PM ET
Not going to college was never an option at home.
GSOHokie01 • 08/25/22 12:48 PM ET
Concur on being sold a lie.
Tafkam Hokie • 08/25/22 11:20 AM ET
Both are true.
vthokieq • 08/25/22 11:16 AM ET
I am also
VTUD • 08/25/22 11:01 AM ET
They should have just frozen interest
WestyHokie • 08/25/22 10:41 AM ET
I would have been fine with this because the "money" that the govt
ElbertoHokie • 08/25/22 01:24 PM ET
how does it penalize responsible people?
ShockWaveVT • 08/25/22 11:22 AM ET
Not even a band aid. The wound is still bleeding
Beerman • 08/25/22 01:58 PM ET
Yep and none of this even addresses the private student loans people get
Hokie1744 • 08/25/22 02:11 PM ET
Let me give you an example ...
WestyHokie • 08/25/22 01:23 PM ET
one follow-up question
ShockWaveVT • 08/25/22 09:29 PM ET
PPP loan forgiveness came with three conditions
WestyHokie • 08/26/22 07:59 AM ET
Yep. I keep laughing at all of the talking heads, etc that are trying to
vt90 • 08/25/22 02:36 PM ET
It penalizes ...
vt90 • 08/25/22 12:36 PM ET
The debt doesn't go away it just gets transferred. It's not magic...
Hokiehouse7 • 08/25/22 11:51 AM ET
Cosign this ^^
hokiegoatzz • 08/25/22 10:53 AM ET
well the problem is that in the early 90's you could go to school for less
bigbadbird • 08/25/22 10:35 AM ET
No doubt. My 2 complaints are that it didn't go through Congress
Hokiehouse7 • 08/25/22 10:03 AM ET
the reason it costs so much to go to college, is loans
Vienna_Hokie • 08/25/22 11:56 AM ET
This is a more reasoned response. Fixing the system should be job 1. I know
RhinoVT • 08/25/22 10:10 AM ET
but the extreme cost of schooling is caused by the availability of loans**
Vienna_Hokie • 08/25/22 03:39 PM ET
This kind of fits my quip about student loans being for the schools...
`lag • 08/25/22 10:36 AM ET
right it created a little empire for the sweatervests
bigbadbird • 08/25/22 10:48 AM ET
Add this type of funding plus the grant money & boom... you get a lot of
Vtskier1 • 08/25/22 11:31 AM ET
academia went from a vow of poverty to a lucrative career **
bigbadbird • 08/25/22 11:33 AM ET
It's a simple manipulation of supply and demand
hokiehunter07 • 08/25/22 10:25 AM ET
I'd argue that each degree should cost more / less based on the value of
ME Hokie 07 • 08/25/22 12:54 PM ET
You want to encourage good degrees and discourage mostly worthless ones...
hokiehunter07 • 08/25/22 04:58 PM ET
society has a vested interest in a well-educated population ◄
ShockWaveVT • 08/25/22 12:04 PM ET
The problem is what is considered education.
vthokieq • 08/25/22 01:07 PM ET
Freshman roommate felt college was a "life experience". Parents pulled him
pburg_hokie • 08/25/22 11:02 AM ET
the loan office is filled with people that have never worked outside of
bigbadbird • 08/25/22 11:23 AM ET
One reform idea: Strictly scrutinize degree requirements for jobs.
RoswellGAHokie • 08/25/22 10:57 AM ET
I do think tying the loans available to the degree makes some sense
Tafkam Hokie • 08/25/22 11:13 AM ET
there are not many schools where you could go for 16 a year **
bigbadbird • 08/25/22 10:36 AM ET
$16K gets you about a semester at VT once you add up all the fees.**
Tafkam Hokie • 08/25/22 11:22 AM ET
in state **
bigbadbird • 08/25/22 11:24 AM ET
Yeah...it was more than $16K total unless he got other money (scholarships)**
vthokieq • 08/25/22 10:45 AM ET
Wait, wait. A real plan instead of just b**ching??? You do NOT belong on
RhinoVT • 08/25/22 10:32 AM ET
It's $10k off of interest too
hoosnowahokie • 08/25/22 10:02 AM ET
Dependent undergrad students can only borrow a small amount each year.
RoswellGAHokie • 08/25/22 10:01 AM ET
I always wonder how these amounts got so high unless you go to
Hokiehouse7 • 08/25/22 10:08 AM ET
It’s a blatant vote bribe, should eventually get struck down by SCOTUS.
B777Fr8Dog • 08/25/22 09:53 AM ET
That court case should last about 15 seconds ...
vt90 • 08/25/22 10:04 AM ET
Supreme Court will decide and likely overturn
TabbHokie • 08/25/22 01:27 PM ET