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🚨 STUDENT LOAN INTEREST TO ZERO FOREVER 🚨

...
adventurous useless brakes
  08/09/20
...
brindle bateful death wish parlor
  08/09/20
Why on earth would you ever save for college if you could ju...
Charcoal slimy telephone
  08/09/20
still makes sense to put money aside over time ahead of your...
Obsidian son of senegal corn cake
  08/09/20
(boomer sponsored post)
brindle bateful death wish parlor
  08/09/20
Oh no, people not pulling money out of the consumer economy ...
Dull round eye
  08/09/20
That’s what it should be imo
startled bawdyhouse
  08/09/20
...
adventurous useless brakes
  08/09/20
because saving for college should be one of life's foremost ...
Titillating Menage
  08/09/20
You really turned this statement on its head. Why is it that...
Charcoal slimy telephone
  08/09/20
...
startled bawdyhouse
  08/09/20
^ Someone's up to speed.
Dull round eye
  08/09/20
"Since my life was hard, everyone else's life should be...
painfully honest hall mental disorder
  08/09/20
IF that is the reasoning, it is shit reasoning. After they i...
Charcoal slimy telephone
  08/09/20
I agree it's shit reasoning. "It's not fair" re a ...
painfully honest hall mental disorder
  08/09/20
That isn't the argument that they are making, and I've seen ...
Mischievous lay
  08/09/20
Cr It shocks me how many of my intelligent friends (borde...
orange knife alpha
  08/10/20
I completely agree with you, man. In fact, I would go even f...
Mischievous lay
  08/10/20
because any break to students means windfalls for overpriced...
mustard fragrant tanning salon jap
  08/09/20
Cr I don’t get why XO doesn’t get this. It&rsq...
Citrine partner immigrant
  08/09/20
OH YEAH LETS SACRIFICE OUR OWN WELLBEING TO SPITE THE SCHOOL...
adventurous useless brakes
  08/09/20
it's to spite the shitlibs at some point, the shitlibs will...
mustard fragrant tanning salon jap
  08/09/20
forgiving the loans is sacrificing our own well-being. Money...
Mischievous lay
  08/09/20
...
mustard fragrant tanning salon jap
  08/09/20
The difference is a mortgage is for something tangible. Gett...
elite excitant jew
  08/10/20
When I went to law school, I took the Bankruptcy class (we u...
Charcoal slimy telephone
  08/10/20
A degree might not be a tangible asset that one can trade, b...
Mischievous lay
  08/10/20
Agreed. Some measure of forgiveness is fine, but the only wa...
elite excitant jew
  08/10/20
Does it though? If no one ever pays because 0% interest that...
Aqua Contagious Set
  08/09/20
...
bright place of business halford
  08/09/20
Colleges will just double the cost and justify it as “...
Citrine partner immigrant
  08/09/20
...
bright place of business halford
  08/09/20
colleges will go and are going under.
seedy sooty den depressive
  08/09/20
I am not paying until I am required. I will feel like an ...
Shimmering beady-eyed theatre
  08/09/20
I stopped paying way before covid and nothing bad happened a...
federal cuckold elastic band
  08/09/20
Lmao
adventurous useless brakes
  08/09/20
😂😜 LOL @ following rules and shit and acting like resp...
federal cuckold elastic band
  08/09/20
Pay your debts deadbeat. I paid every penny!
adventurous useless brakes
  08/09/20
Same. Glad I did even with these bailouts. Don’t n...
Citrine partner immigrant
  08/09/20
Guilty
Citrine partner immigrant
  08/09/20
Same here.
Cheese-eating Indirect Expression
  08/09/20
they'll give you forbearance after forbearance. granted tha...
seedy sooty den depressive
  08/09/20
...
bossy unhinged hairy legs
  08/09/20
Get on REPAYE and use the 401k glitch. Use your paycheck to...
Curious wine stage sandwich
  08/09/20
Hey hey hey, PAYE errday
crusty community account
  08/09/20
LOL! imagine what tuition will be like in 10 years
french pontificating university
  08/09/20
they should and all federal student loans and let most of th...
Mischievous lay
  08/09/20
...
Swashbuckling stag film
  08/09/20


Poast new message in this thread



Reply Favorite

Date: August 9th, 2020 12:25 PM
Author: adventurous useless brakes



(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40727921)



Reply Favorite

Date: August 9th, 2020 12:26 PM
Author: brindle bateful death wish parlor



(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40727937)



Reply Favorite

Date: August 9th, 2020 12:27 PM
Author: Charcoal slimy telephone

Why on earth would you ever save for college if you could just debt finance the education at 0.00% interest?

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40727942)



Reply Favorite

Date: August 9th, 2020 12:29 PM
Author: Obsidian son of senegal corn cake

still makes sense to put money aside over time ahead of your kid's schooling, but no reason to pay anything up front

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40727953)



Reply Favorite

Date: August 9th, 2020 12:29 PM
Author: brindle bateful death wish parlor

(boomer sponsored post)

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40727955)



Reply Favorite

Date: August 9th, 2020 12:33 PM
Author: Dull round eye

Oh no, people not pulling money out of the consumer economy so they can save up to pay a bunch of size-22 pantsuit Shaqueefa administrators?

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40727988)



Reply Favorite

Date: August 9th, 2020 12:48 PM
Author: startled bawdyhouse

That’s what it should be imo

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728053)



Reply Favorite

Date: August 9th, 2020 12:49 PM
Author: adventurous useless brakes



(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728055)



Reply Favorite

Date: August 9th, 2020 1:05 PM
Author: Titillating Menage

because saving for college should be one of life's foremost burdens

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728140)



Reply Favorite

Date: August 9th, 2020 2:23 PM
Author: Charcoal slimy telephone

You really turned this statement on its head. Why is it that way? Why don't we give students, who typically have nothing because they are just starting out in life, a break instead of enslaving them for their entire lives?

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728348)



Reply Favorite

Date: August 9th, 2020 2:25 PM
Author: startled bawdyhouse



(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728358)



Reply Favorite

Date: August 9th, 2020 2:28 PM
Author: Dull round eye

^ Someone's up to speed.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728384)



Reply Favorite

Date: August 9th, 2020 2:29 PM
Author: painfully honest hall mental disorder

"Since my life was hard, everyone else's life should be at least as hard."

That's the reasoning, I think, when someone prissy cries about "it's not fair"

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728389)



Reply Favorite

Date: August 9th, 2020 2:32 PM
Author: Charcoal slimy telephone

IF that is the reasoning, it is shit reasoning. After they invented the flushing toilet, were people like, you shouldn't use those even though its more sanitary and makes life easier because I had to suffer through wandering into the cold, musty latrine late at night?

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728403)



Reply Favorite

Date: August 9th, 2020 6:03 PM
Author: painfully honest hall mental disorder

I agree it's shit reasoning. "It's not fair" re a hardship you experienced is almost NEVER tcr. It's rarely tcr in any situation because it falls apart if the person saying it experienced "unfairness"—it's just a perpetuation of TTT situations rather than actually fixing things.

It's like, lemme tell ya buddy, you having roads to drive on is "not fair" to me bc I'm so rich I fly everywhere.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40729261)



Reply Favorite

Date: August 9th, 2020 10:00 PM
Author: Mischievous lay

That isn't the argument that they are making, and I've seen enough of your poasting to know that you're smart enough to know that it isn't.

Forgiving, or otherwise dis-burdening, student loans is a move that disproportionately rewards irresponsible debtors while simultaneously punishing responsible and forward-thinking people. This is not some step forward in technological innovation. This is not a rising tide that floats all boats. This is minimizing the consequences faced by those who make bad decisions, and it's a slap across the face to the prudent workers who made responsible decisions in the process.

Imagine you were buying a car, and you scrimped and saved to come up with the down payment. You did your research and settled on a car that met your needs at a price you can afford. But some retard in your HS went out and bought a lambo on credit, which he could neither use nor afford. Would you fall for some argument about how "all car debt needs to be forgiven because we all need cars" or some bullshit like that? No, you'd say "fuck that guy, and repo his car; it just leaves the roads less crowded for the responsible people."

So why should someone who passed on going to their first choice of college (or had to pass on college altogether) pay taxes to forgive the deadbeat who pissed away his college degree? Especially when that guy, once his student loans are forgiven, is just going to turn around and put his newfound financial freedom to work competing with you to buy a house? In fact, the guy is probably going to do the same thing to the house as he did to his college degree.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40730502)



Reply Favorite

Date: August 10th, 2020 9:55 AM
Author: orange knife alpha

Cr

It shocks me how many of my intelligent friends (borderline former friends) continue to straw man the anti-blanket-forgiveness position as “I had to suffer, so should you.”

Absent truly extenuating circumstances, if you borrow public funds and do not repay them, then you are stealing from the public.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40732015)



Reply Favorite

Date: August 10th, 2020 2:18 PM
Author: Mischievous lay

I completely agree with you, man. In fact, I would go even further, beyond just the use of public funds. Many of the pro-forgiveness crowd justify their position under the assumption that the costs of forgiveness will be diluted across such a large number of people as to be immaterial to any individual taxpayer. This line of reasoning conveniently ignores the fact that they (i) bid up the price of attending college by paying with huge sums of borrowed money which they were unlikely to pay back, thereby excluding their financially sensitive peers from being able to attend college, and (ii) forced every other college student who took out loans to pay a larger price via a higher risk premium in their interest rates, thereby materially impacting the ability of the others to save money and/or forcing the others to accept less pleasant jobs for the sole purpose of servicing their debt. People can't go back in time and be 18 again and make a different choice. The trajectories of people's lives have been substantively and permanently changed as a result of the flippancy student borrowers.

Loan forgiveness also gives a complete pass to the schools, who are free to issue worthless degrees carte blanche, and to loan originators, who just pass the risk on to the DOE and take their cut of free money in the process. These are the two parties who are, in my opinion, most responsible for the current debt crisis. They should not be able to wash their hands of this mess and walk away without consequences.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40733376)



Reply Favorite

Date: August 9th, 2020 2:40 PM
Author: mustard fragrant tanning salon jap

because any break to students means windfalls for overpriced shitlib schools and overpaid shitlib teachers.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728441)



Reply Favorite

Date: August 9th, 2020 2:45 PM
Author: Citrine partner immigrant

Cr I don’t get why XO doesn’t get this. It’s a break for current loan payers but will cost future borrowers as schools will capture the subsidy

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728472)



Reply Favorite

Date: August 9th, 2020 6:42 PM
Author: adventurous useless brakes

OH YEAH LETS SACRIFICE OUR OWN WELLBEING TO SPITE THE SCHOOLS!!

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40729417)



Reply Favorite

Date: August 9th, 2020 9:15 PM
Author: mustard fragrant tanning salon jap

it's to spite the shitlibs

at some point, the shitlibs will realize they got fucked and they will have to teach their children about financial responsibility.

that will result in all of the bullshit social justice degrees getting removed from the curriculum.

okay, not all, but you get the point.

you want to have some bullshit degree? then you should not have to pay as much and the teachers who teach it should not earn as much.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40730198)



Reply Favorite

Date: August 9th, 2020 10:12 PM
Author: Mischievous lay

forgiving the loans is sacrificing our own well-being. Money is completely fungible. Most of us deliberately shouldered the hardship of both accepting the loans, and paying them off, under the assumption that, in the long run, it will pay off. The people who chose not to assume student loans would work blue collar jobs, and the people who decided to waste their money getting a fluff degree would have to make up for it on the back end. The deferred compensation of shouldering these burdens and suffering a lower quality of life on the front end was having a higher quality of life on the back end.

Surely I can't be the only one here who remembers the howls of outrage back in 2008 when some Dem politicians proposed forgiveness for mortgages. They were going to bail out "struggling homeowners," ie speculators who had spectacularly overspent, at the expense of those who had made prudent financial decisions. Imagine buying a house in an affordable neighborhood and paying down the mortgage, only to see some minimum wage immigrant who lied on her mortgage application to buy a million dollar mansion get the house for free. This student loan nonsense is the same thing all over again.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40730604)



Reply Favorite

Date: August 9th, 2020 10:22 PM
Author: mustard fragrant tanning salon jap



(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40730679)



Reply Favorite

Date: August 10th, 2020 10:02 AM
Author: elite excitant jew

The difference is a mortgage is for something tangible. Getting a degree doesnt guarantee shit, especially ITE. Make student loan debt dischargsble in bankruptcy and the problem is fixed. Why doesnt anyone want that?

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40732030)



Reply Favorite

Date: August 10th, 2020 10:10 AM
Author: Charcoal slimy telephone

When I went to law school, I took the Bankruptcy class (we used Liz Warren's casebook) they said that these provisions were passed to prevent people from going to med school and then declaring bankruptcy while they were in residency.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40732042)



Reply Favorite

Date: August 10th, 2020 1:51 PM
Author: Mischievous lay

A degree might not be a tangible asset that one can trade, but it is an asset, and its primary value proposition for most people who pursue it is higher future wages or qualification for niche work. I agree with you that there is a lot of variety between degrees, and that degrees aren't the ticket to privilege that Libs want it to be, nor are they truly vocational training, as Cons portray them to be. However, being degree-ed offers a lot of benefits to those who leverage them.

Making student debts discharge-able in bankruptcy is what I always counter-propose to the forgiveness crowd. In addition to being discharge-able, there should be clawback provisions that allow the government to reclaim a portion of the principal from the schools that issued worthless degrees. At a personal level, it seems insane to me that this country can simultaneously have Facebook/Google/Microsoft clamoring for H1-B visas because there (supposedly) aren't enough qualified workers in their lucrative fields and have half of 18-34 year olds near financial ruin because of their education.

The true creators of this financial mess are the schools, who kept inflating tuition as free money became available, and the originators who originated loans knowing full well that they didn't have to care about the creditworthiness of the debtors since the Feds would carry the risk. On a forward going basis, the DOE should stop carrying the principal of the student loans on their balance sheet.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40733281)



Reply Favorite

Date: August 10th, 2020 5:05 PM
Author: elite excitant jew

Agreed. Some measure of forgiveness is fine, but the only way to fix higher education costs/debt burdens is to allow educational debt to be discharge-able in bankruptcy.

Every person who's taken out student loan debt should receive a forgiveness payment clawed back from the personal estates of university admins, profs, student loan providers, etc. These parasites shouldn't be let off without punishment.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40734251)



Reply Favorite

Date: August 9th, 2020 3:55 PM
Author: Aqua Contagious Set

Does it though? If no one ever pays because 0% interest that's going to cut down on private loans

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728762)



Reply Favorite

Date: August 9th, 2020 6:41 PM
Author: bright place of business halford



(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40729407)



Reply Favorite

Date: August 9th, 2020 2:33 PM
Author: Citrine partner immigrant

Colleges will just double the cost and justify it as “zero interest!”

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728410)



Reply Favorite

Date: August 9th, 2020 6:42 PM
Author: bright place of business halford



(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40729411)



Reply Favorite

Date: August 9th, 2020 10:49 PM
Author: seedy sooty den depressive

colleges will go and are going under.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40730804)



Reply Favorite

Date: August 9th, 2020 2:25 PM
Author: Shimmering beady-eyed theatre

I am not paying until I am required.

I will feel like an idiot if we have some kind of forgiveness and I miss out.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728359)



Reply Favorite

Date: August 9th, 2020 2:26 PM
Author: federal cuckold elastic band

I stopped paying way before covid and nothing bad happened and now it'll be forgiven. Lol I have dork friends who paid like Half their paychecks for years on that dumb shit. Idiots.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728370)



Reply Favorite

Date: August 9th, 2020 2:27 PM
Author: adventurous useless brakes

Lmao

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728376)



Reply Favorite

Date: August 9th, 2020 2:34 PM
Author: federal cuckold elastic band

😂😜 LOL @ following rules and shit and acting like respectable human being in 202x America

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728415)



Reply Favorite

Date: August 9th, 2020 2:42 PM
Author: adventurous useless brakes

Pay your debts deadbeat. I paid every penny!

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728451)



Reply Favorite

Date: August 9th, 2020 2:51 PM
Author: Citrine partner immigrant

Same. Glad I did even with these bailouts. Don’t need the stress of owing.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728500)



Reply Favorite

Date: August 9th, 2020 2:34 PM
Author: Citrine partner immigrant

Guilty

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728416)



Reply Favorite

Date: August 9th, 2020 2:51 PM
Author: Cheese-eating Indirect Expression

Same here.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728507)



Reply Favorite

Date: August 9th, 2020 10:51 PM
Author: seedy sooty den depressive

they'll give you forbearance after forbearance. granted that gets added to the principal but we'll all be dead anyway

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40730813)



Reply Favorite

Date: August 9th, 2020 10:51 PM
Author: bossy unhinged hairy legs



(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40730817)



Reply Favorite

Date: August 9th, 2020 6:36 PM
Author: Curious wine stage sandwich

Get on REPAYE and use the 401k glitch. Use your paycheck to validate your income and max out your 401k contribution for that paycheck. The idiots don't cap the proration at 19k.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40729380)



Reply Favorite

Date: August 9th, 2020 4:04 PM
Author: crusty community account

Hey hey hey, PAYE errday

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40728792)



Reply Favorite

Date: August 9th, 2020 6:50 PM
Author: french pontificating university

LOL! imagine what tuition will be like in 10 years

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40729445)



Reply Favorite

Date: August 9th, 2020 10:16 PM
Author: Mischievous lay

they should and all federal student loans and let most of these small schools fail. the Obama goal of "60% of 18-34 year olds with bachelors degrees" was imbecilic from the start. Having the Department of Education hold the principal of all these loans was one of the dumbest financial decisions a president has ever made.

(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40730642)



Reply Favorite

Date: August 9th, 2020 8:09 PM
Author: Swashbuckling stag film



(http://www.autoadmit.com/thread.php?thread_id=4600329&forum_id=2#40729883)