General Discussion

leftieNanner

(16,164 posts)

6. We sold our house and moved to a less expensive place

Mon May 16, 2022, 03:17 PM

May 2022

so we could put our kids through college. It was rough, but we did it. They don't have college debt.

When my older child started talking about grad school, I think I kind of panicked. Then she explained to me that the program she wanted to enter would have zero tuition and would pay her a stipend. (exhale)

No all families have this ability.

Question though. If it's the graduates who are trying to pay back these loans (not their well-off parents), isn't it still difficult for them?

Very complex issue.

Thanks for posting this information.

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Blanket student loan forgiveness is redistributing wealth upward [View all] iemanja May 2022 OP

That means the majority of loans are in the lower half of income kcr May 2022 #1

That is false iemanja May 2022 #5

I'm sure this will get an unpopular reaction, FoxNewsSucks May 2022 #2

I agree 100%. calguy May 2022 #16

I kind of agree with the sentiment.... TheRealNorth May 2022 #30

Absolutely calguy May 2022 #57

We already have that, the IBR program Recursion May 2022 #58

Not all loans qualify TheRealNorth May 2022 #123

I worked my way through college manicdem May 2022 #129

Some forgiveness is fine Johnny2X2X May 2022 #3

Forgive it all, then... Bobstandard May 2022 #4

In other words, make the middle income American subsidized the privileged iemanja May 2022 #8

I beg to differ Bobstandard May 2022 #10

Then why isn't that the solution in European countries iemanja May 2022 #13

I find it possible to support situations that... Bobstandard May 2022 #20

Imagine inthewind21 May 2022 #25

Tell me where I have argued that? iemanja May 2022 #98

I'm not arguing for inaction iemanja May 2022 #28

The number of people with loans making hundreds of thousands a year is surely small. LonePirate May 2022 #36

The blanket student loan forgiveness argument iemanja May 2022 #95

Those loan repayment programs already exist (and have since the 70s) Ms. Toad May 2022 #96

Yes, I knew some did iemanja May 2022 #101

I was once married to a doctor - Ms. Toad May 2022 #104

That's great iemanja May 2022 #108

This message was self-deleted by its author Celerity May 2022 #80

Rolling back just one of the latest billionaire tax cuts would cover all outstanding debt. Doremus May 2022 #21

Yet there is no passable provision for rolling back those tax cuts iemanja May 2022 #32

We sold our house and moved to a less expensive place leftieNanner May 2022 #6

Yes, I think it probably is difficult iemanja May 2022 #11

I agree leftieNanner May 2022 #17

NO social program is "fair" to everyone. Can we please drop that silliness as a talking point? Thtwudbeme May 2022 #7

Can we stop giving more to the rich? Scrivener7 May 2022 #9

What level is rich for you? LonePirate May 2022 #39

If one makes 100K a year iemanja May 2022 #70

Depends on the metro where they live. LonePirate May 2022 #74

Most people in those metro areas iemanja May 2022 #76

A forgiveness amount in the low five figures seems most likely to me. LonePirate May 2022 #77

Define rich Thtwudbeme May 2022 #46

Librarians working outside of the corporate arena have always made little money. Scrivener7 May 2022 #52

I am a librarian- Thtwudbeme May 2022 #81

No. There isn't anything wrong with what I wrote. There were a number of paths Scrivener7 May 2022 #88

All my debts are paid, and I am financially fine. What you wrote is incredibly sad Thtwudbeme May 2022 #89

OK. So you're very sad for me. Have at it. But this is a discussion about Scrivener7 May 2022 #90

Read that again. I am NOT sad for YOU Thtwudbeme May 2022 #91

OK. Fine, but again, what is your point about the cost of living, the salary Scrivener7 May 2022 #93

I was using my job (pretty sure I know the salary ranges there) Thtwudbeme May 2022 #127

The median individual income in Atlanta is $36,465 Recursion May 2022 #62

Once you get into rent that high Thtwudbeme May 2022 #82

But most social programs are structured with the intention of being fair. Ms. Toad May 2022 #109

Use the leftover Covid $ for this, instead of police depts leftstreet May 2022 #12

What do you say about my point of redistributing wealth upward iemanja May 2022 #14

Everyone seems to be assiduously avoiding addressing that. Scrivener7 May 2022 #50

There is a very clear racial implication for student debt. Cuthbert Allgood May 2022 #15

Those with lower incomes iemanja May 2022 #19

Non-degree holders should get something too bucolic_frolic May 2022 #18

Yep- they should be paid a living wage. Thtwudbeme May 2022 #128

Meanwhile the super rich are laughing Jerry2144 May 2022 #22

So what? Because it redistributes wealth upward iemanja May 2022 #35

You just suggested trickle down economics is helpful economic plan Ms. Toad May 2022 #103

To an extent it is Jerry2144 May 2022 #115

So you are endorsing Reagan's trickle down economics. Ms. Toad May 2022 #119

Statistics don't lie. They'll tell whatever truth you want them to. walkingman May 2022 #23

That sounds like a good solution to me. nt iemanja May 2022 #67

If student debt is as bad as everyone says then ban it. former9thward May 2022 #24

I don't think tuition would drop iemanja May 2022 #69

Is there ANY path...ANY process...ANY structured way... ret5hd May 2022 #26

I'm not concerned with my own student loan payments iemanja May 2022 #40

So, short answer "no"? ret5hd May 2022 #79

The answer is not no iemanja May 2022 #92

How about a $10,000 cap on forgiveness? Omaha Steve May 2022 #27

President Biden campaigned on forgiving $10,000. Of student loans questionseverything May 2022 #42

He campaigned on signing a Congressional bill that does that Recursion May 2022 #45

If it depends on getting a bill through congress, we are screwed and it's silly to discuss questionseverything May 2022 #60

56% of student loan debt mcar May 2022 #29

Blanket student loan forgiveness is a political nuclear bomb that will destroy the Democratic party Recursion May 2022 #31

I agree completely. nt iemanja May 2022 #38

Like last election year's "Defund the Police" slogan that's rarely uttered since, & has been now... Budi May 2022 #43

Bingo (nt) Recursion May 2022 #44

Dime a dozen election year campaign sloganeering, to a targeted demographic. Budi May 2022 #54

Student loans wouldn't even be an issue if we did them through payroll deductions Recursion May 2022 #59

+1 betsuni May 2022 #65

So tax the rich. The issue isn't loan forgiveness being unfair; our taxation system is. nt Gore1FL May 2022 #33

Yet those demanding blanket forgiveness iemanja May 2022 #37

It is ultimately the right thing to do for the overall economy. Gore1FL May 2022 #41

Student loans are one of the few things clawing down the gap between non-college graduates Recursion May 2022 #48

I would think affordable college makes the gap inherently crossable. Gore1FL May 2022 #49

Forgiving student loans doesn't make college affordable Recursion May 2022 #51

I would assume we would keep doing it. Affordable college is the point. It's not a cash grab. nt Gore1FL May 2022 #53

... no. We would not "keep doing it" Recursion May 2022 #55

I don't see affordable college as a losing issue. I therefore reject the 20-year lock out argument. Gore1FL May 2022 #56

Stop. Making college affordable is a great idea Recursion May 2022 #61

If college was affordable their wouldn't be debt. Gore1FL May 2022 #63

Yes! iemanja May 2022 #66

"It doesn't fix the problem" was the reason given for not supporting betsuni May 2022 #68

It's an updated version of trickle down economics. Kaleva May 2022 #34

Its a demographically targeted campaign slogan. Budi May 2022 #47

I agree. brer cat May 2022 #64

K&R betsuni May 2022 #71

Guys, we let the Reagan zombie escape from his pyramid again Sympthsical May 2022 #72

The data is what is it iemanja May 2022 #110

The manipulation and framing of data certainly is Sympthsical May 2022 #112

If you have other data analysis to present iemanja May 2022 #114

Let me ask you this: Act_of_Reparation May 2022 #73

I'm in favor of forgiveness up to $15k iemanja May 2022 #75

What about graduate school? Act_of_Reparation May 2022 #83

What about it? iemanja May 2022 #111

I'm suggesting quite a few things. Act_of_Reparation May 2022 #131

Now you want us to pay for doctors? iemanja May 2022 #132

I just told you there is one pediatric cancer doctor for three counties in a remote region. Act_of_Reparation May 2022 #133

Paying back student loans is part of the bargain gulliver May 2022 #78

It would by disproportionately paid for by the wealthiest quintile actually. David__77 May 2022 #84

Is this a eulogy for the fairness of our current tax system? iemanja May 2022 #94

The rich have a great trick Johnny2X2X May 2022 #85

+10000000000000000 Celerity May 2022 #86

And I'm one of the people the op is talking about Johnny2X2X May 2022 #87

Funny, because people who earn above the median income iemanja May 2022 #97

Middle Class is defined as $52K to $156K Johnny2X2X May 2022 #102

defined by whom? iemanja May 2022 #107

The problem is that only 8% make that Johnny2X2X May 2022 #113

The uber concentration of wealth at the top does indeed iemanja May 2022 #116

How do you define rich? iemanja May 2022 #99

+1 leftstreet May 2022 #124

Cap forgiveness at the average amount for in-state tuition for a state school Politicub May 2022 #100

This is a good idea. I'd be for that. An undergraduate degree. Scrivener7 May 2022 #105

Thank you for documenting what I've been suggesting in these threads - Ms. Toad May 2022 #106

My question is what happens to future loans? madville May 2022 #117

Yes, and what about parents who have a college fund for their kids? They'd be stupid to use it for Alhena May 2022 #122

The problem with forgiving student debt is what about students starting college next year. asa4ever May 2022 #118

Isn't this making the perfect the enemy of the good? Politicub May 2022 #121

Do you mean publicly funded education? iemanja May 2022 #126

I am all for having free in-state public colleges and universities. asa4ever May 2022 #130

"My Great Grandma died in child birth" alphafemale May 2022 #120

Your comment iemanja May 2022 #125