2016 Postmortem

tritsofme

(19,916 posts)

28. Sounds like you have a pretty low opinion of the trades?

Sun Dec 27, 2015, 05:46 PM

Dec 2015

It's good honest work, that typically can't be outsourced or automated.

Four year universities aren't for everyone, there shouldn't be a stigma for smart young men or women choosing to make a living by learning a trade.

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Should interest rates for students loans be higher than for home and car loans? [View all] BlueCheese Dec 2015 OP

At the very LEAST they should never be higher than the current interest rates! napi21 Dec 2015 #1

I think all three candidates propose allowing borrowers on past student loans... BlueCheese Dec 2015 #14

Pre Reagan - when I went to college Matariki Dec 2015 #2

Ya know, it's astonishing how many bad things are tracable back uncle ronnie! napi21 Dec 2015 #3

Absolutely Matariki Dec 2015 #5

He started before that in Calif. when he became Governor. napi21 Dec 2015 #10

Especially with a democratic congress. Crazy. yeoman6987 Dec 2015 #17

Are we talking about federal or private loans hill2016 Dec 2015 #4

Either. BlueCheese Dec 2015 #13

Yes. Unsecured loans should have higher interest rates than secured loans Recursion Dec 2015 #6

In the commercial world yes hill2016 Dec 2015 #8

If federally-guaranteed home loans and student loans are at the same rate Recursion Dec 2015 #9

Both kinds of loans have implicit subsidies from the govt hill2016 Dec 2015 #15

For example hill2016 Dec 2015 #11

"as not everyone should go to college" - Wasn't that something Ayn Rand wrote? :-) TheBlackAdder Dec 2015 #26

I dont see a problen with what he said Travis_0004 Dec 2015 #27

Just because you are in the trades, does not mean you can't take continuing ed later, like me. TheBlackAdder Dec 2015 #30

Sounds like you have a pretty low opinion of the trades? tritsofme Dec 2015 #28

Being in the trades does not exclude taking college courses, whether early or later on. TheBlackAdder Dec 2015 #31

However... HDSam Dec 2015 #29

While you can discharge a mortgage or car loan, I don't think Ed loans can be discharged! nt TheBlackAdder Dec 2015 #25

They can effectively be "discharged" through poverty Recursion Dec 2015 #32

But still, one day that check will be due, whether alive or during your will's probate. TheBlackAdder Dec 2015 #33

It doesn't "amount to the same thing" at all Orrex Dec 2015 #35

"Unsecured" is meaningless in this context, because you can't default on them. Orrex Dec 2015 #34

It's equity in everything but name Recursion Dec 2015 #36

Wait. What? Orrex Dec 2015 #37

We should fund college by having students sell equity Recursion Dec 2015 #38

What equity, exactly? Orrex Dec 2015 #39

Equity. A percentage of future income. Recursion Dec 2015 #40

In practice, I don't see how that would be different or better. Orrex Dec 2015 #41

No. Governor O'Malley wants to make College Debt Free for all Americans. elleng Dec 2015 #7

All of that is laudable (sincerely)... BlueCheese Dec 2015 #12

Gotcha, and reasonable arguments can be made that rates differ between secured and unsecured loans. elleng Dec 2015 #16

I get your point, but car loans do have some collateral and the really low rates are subsidized Hoyt Dec 2015 #18

Nope, education should be free and encouraged. nt Live and Learn Dec 2015 #19

There should be no interest, because LWolf Dec 2015 #20

Loans should be direct from the federal gov't at 1% to cover admin cost. dmosh42 Dec 2015 #21

All student loans should be forgiven. 99Forever Dec 2015 #22

No. jwirr Dec 2015 #23

Considering all the government efforts to minimize risk of these loans to lenders HereSince1628 Dec 2015 #24