Democratic Primaries

Demsrule86

(71,555 posts)

61. It is not loan forgiveness...but you can't pay more than a certain percentage of your income...some

Fri Jan 24, 2020, 01:41 PM

Jan 2020

pay nothing..Look I have kids ;we saved money to send them to college. They went to state schools...lived at home. One who hates school was helped to get into a big auto company by my hubs who is an engineer. There is no way I want free college for all income levels or for those making 250,000 a year either. I do want to see student loans put back into bankruptcy. I think some sort of forgiveness based on the students doing something in order to get this would be a good idea...it is complicated. We have subsidized (those with relatively low income), non-subsidized (this catches the middle class often) and private loans as well. And we have parent loans too. Parents also have student debt...so there is no easy fix. And I think free college will never work...nor will blanket forgiveness of student debt. My daughter works for a company where one of the perks is helping to pay student debt...she did have some for her master's program...not much. Thee is no quick fix for this but something needs to be done.

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

185 replies

= new reply since forum marked as read

Highlight:

What about student loans constitutes a "crisis"? [View all] Recursion Jan 2020 OP

its a good campaign thing - vote for me and I will cancel all your obligations nt msongs Jan 2020 #1

The Democratic Party: confusing the aspirations of the middle class with the needs of the poor Recursion Jan 2020 #2

+1000 Demsrule86 Jan 2020 #46

Forgive all student debt now. Magoo48 Jan 2020 #11

That makes inequality worse Recursion Jan 2020 #13

No. It releases the youth of our nation to be dynamic and enthusiastic. Magoo48 Jan 2020 #16

Comparing student loans to indentured servitude is gross and offensive Recursion Jan 2020 #18

Perhaps I've only met the 2/3s of young citizens who are crushed and smothering Magoo48 Jan 2020 #20

They are "crushed" and "smothering"? Recursion Jan 2020 #21

And you have boomer_wv Jan 2020 #27

The median household income in 2016 was 59K a year. 55K is not rich. pnwmom Jan 2020 #72

Median individual income is $32K Recursion Jan 2020 #73

Most people in their 30's are in a household, and the household income's what is used pnwmom Jan 2020 #75

People in their 50s, 60s, and 70s plus choie Jan 2020 #130

Oh please...an exaggeration if I ever heard one. Demsrule86 Jan 2020 #42

No, it is not better for our nation to do this...absolutely not. Demsrule86 Jan 2020 #44

Our youth to run free? OK then. And where does this money come from? Demsrule86 Jan 2020 #48

Cut the bloated military budget and everybody has a free education and healthcare. Magoo48 Jan 2020 #62

Do you understand that what you suggest won't happen? How about some solutions for student Demsrule86 Jan 2020 #76

The difference here is I believe real change is possible. Magoo48 Jan 2020 #152

Not even close dansolo Jan 2020 #151

I disagree. Magoo48 Jan 2020 #153

It's not giving it to the richest 3rd of Americans. Gore1FL Jan 2020 #104

And THAT is why we lose....I'm DONE with losing. DEMS VOTE WITH YOUR HEADS. nt UniteFightBack Jan 2020 #26

This is primary season. Progressive ideas will not damage anyone's moderate stance or candidate. Magoo48 Jan 2020 #32

Is giving the richest 33% of earners a trillion dollars a "progressive idea"? (nt) Recursion Jan 2020 #70

You all act like mortgages, loans etc. just disappear...it doesn't work that way. Demsrule86 Jan 2020 #41

Absolutely!! Not to worry... President Sander's got this!! InAbLuEsTaTe Jan 2020 #180

+1,000,000 highplainsdem Jan 2020 #30

The OP's claim is not true. Only 39% of federal debt is covered by loan forgiveness. pnwmom Jan 2020 #47

You can pay less though...and many do. I think something needs to be done...but forgiving all Demsrule86 Jan 2020 #49

The OPs claim is not true. And I don't even know what you mean by "you can pay less though." pnwmom Jan 2020 #50

It is not loan forgiveness...but you can't pay more than a certain percentage of your income...some Demsrule86 Jan 2020 #61

The OP isn't about the merits of Warrens or Sanders program. Regardless, the OP's claims pnwmom Jan 2020 #66

But that could change...and it would be easier than what Sanders or Warren has proposed. Demsrule86 Jan 2020 #71

Again, I'm here to respond to the false claim in the OP, not to debate the merit pnwmom Jan 2020 #74

Fair enough and thanks for the website. Demsrule86 Jan 2020 #77

Why not free college for any one who wants it? brush Jan 2020 #80

Because it leads to much lower college attendance rates Recursion Jan 2020 #84

Do you have a link to support that claim? Gore1FL Jan 2020 #105

Causality? Midnightwalk Jan 2020 #111

Hummm? Free higher education is bad for a country? brush Jan 2020 #114

No it can be very good for a country, the problem is it requires limiting who gets to go to college Recursion Jan 2020 #118

So we don't test at 13. We do it how America wants. We don't blindly follow the Germans. brush Jan 2020 #119

Because everybody would get the UBI Recursion Jan 2020 #121

That makes no sense saying there's money forthe UBI for even the... brush Jan 2020 #126

But not every one gets both. We're talking about loan forgiveness Recursion Jan 2020 #131

Please. That would make their college free too instead of being in debt... brush Jan 2020 #136

I think you're mixing up two proposals Recursion Jan 2020 #137

Not being consistent again. What makes you think only rich people go to college? brush Jan 2020 #140

People who go to college make a lot more money than people who don't Recursion Jan 2020 #143

Links please. You're not getting it that if you have thousands of... brush Jan 2020 #146

It is too expensive...And costs would rise to make it even more expensive. Demsrule86 Jan 2020 #87

We subsidize the rich and poor alike with parks, zoos, sidewalks and streets and K-12. Gore1FL Jan 2020 #106

I am not...saw in GA what happens...they end up with most of benefits... Demsrule86 Jan 2020 #110

How does that translate in this case? Gore1FL Jan 2020 #122

Read my post...it explains what happened in Georgia where the benefits go mostly to the top Demsrule86 Jan 2020 #124

The only thing I found on your many posts was an unlinked reference to a scholarship. Gore1FL Jan 2020 #127

Exactly. If it's available to everone, no one is disadvantaged. brush Jan 2020 #116

But it's not available to everyone. It's only available to people with student loan debt Recursion Jan 2020 #138

Excuse me? Those with thousands of dollars of student loan debt... brush Jan 2020 #142

People who went to college earn more than people who didn't Recursion Jan 2020 #144

Newsflash: Not necessarily. It depends on what field you're in. brush Jan 2020 #147

Borrowing large amounts of money for a degree in a low paying field shows a lack of smarts MichMan Jan 2020 #154

So true, but many, particularlly in education, find quickly... brush Jan 2020 #171

Not really. The earnings bonus applies to all sectors Recursion Jan 2020 #158

i'm surprised you don't know this. In many states new teachers... brush Jan 2020 #172

Teachers get their loans forgiven after 10 years Recursion Jan 2020 #173

Get real, the low 30k range is not a high-paying job even if your loan... brush Jan 2020 #176

Which is why the loans are forgiven. Recursion Jan 2020 #177

And you won't acknowledge that there are many exceptions to that. brush Jan 2020 #179

Not in many cases. Many in the trades do quite well. You should research... brush Jan 2020 #174

Sigh Recursion Jan 2020 #175

Why do I have to keep telling you it depends on the field. brush Jan 2020 #178

You don't have to get a certain score on the SAT dsc Jan 2020 #135

OK, the others can get other training. Gore1FL Jan 2020 #148

Debt forgiveness doesn't make future education affordable Recursion Jan 2020 #149

It's a retro-active unscrew. Gore1FL Jan 2020 #155

Because, at the risk of flogging a long-dead horse, it's a huge giveaway to rich people Recursion Jan 2020 #157

No, it really isn't. Gore1FL Jan 2020 #160

College can be affordable MichMan Jan 2020 #162

When I was a kid, I went to UM-Rolla. I took 19 hours one semester for less than $1000. Gore1FL Jan 2020 #165

OK, first, let's reserve the word "rape" for sexual assault, not the lending of money Recursion Jan 2020 #170

It shouldn't be controversial on a Democratic site to undo Reagan. nt Gore1FL Jan 2020 #181

Actually, loan forgiveness would make it less affordable MichMan Jan 2020 #156

Or we could just fund education in this country again. Gore1FL Jan 2020 #166

Reagan has been out of office over 30 years. MichMan Jan 2020 #167

Now we are talking about undoing it and it's controversial. Gore1FL Jan 2020 #169

So explain to us why it works in other countries. brush Jan 2020 #115

Because the other 61% is held by the highest 33% of earners Recursion Jan 2020 #57

Yes, the OP explained those "rich" Americans were those with household incomes of $55K. pnwmom Jan 2020 #128

Individual, not household Recursion Jan 2020 #132

You show me where it says that. I had a student with a loan pnwmom Jan 2020 #133

It's based on how you filed the previous year Recursion Jan 2020 #134

Some really good video primers nbsmom Jan 2020 #125

It was a vexatious idea to get millennial votes NYMinute Jan 2020 #3

Bingo! Who doesn't want to vote for Santa? nt Kahuna7 Jan 2020 #15

I'm a fan of the idea of the government giving people stuff Recursion Jan 2020 #17

you know what the crisis is? liberalmuse Jan 2020 #4

Poor people don't have to pay anything back Recursion Jan 2020 #5

Stop the BS BillE Jan 2020 #33

That's why it's limited to 20 years Recursion Jan 2020 #40

And then you pay the mrs_p Jan 2020 #81

The tax hit is a problem I'd like to see fixed Recursion Jan 2020 #82

So do something about the interest...freeze it. That would cost way less money than Warren's plan. Demsrule86 Jan 2020 #65

that issue is a bad one KT2000 Jan 2020 #6

The amounts are crazy high for students now -- college costs have been rising much higher pnwmom Jan 2020 #7

All student loans are forgiven after 25 years Recursion Jan 2020 #8

This message was self-deleted by its author pnwmom Jan 2020 #37

Interesting. Demsrule86 Jan 2020 #51

Good point: private student loans are a whole nother world Recursion Jan 2020 #56

Never heard that. Throck Jan 2020 #67

Teachers squirecam Jan 2020 #107

I swear, medical professionals die in debt. Throck Jan 2020 #141

Teachers can have their loans forgiven after 10 years Recursion Jan 2020 #145

IBRs May be forgiven mrs_p Jan 2020 #83

Colleges breed their own inefficiencies bucolic_frolic Jan 2020 #14

It is just election year pandering NCProgressive Jan 2020 #9

20 years of ON TIME PAYMENTS Betty88 Jan 2020 #10

Well, you still get the discharge Recursion Jan 2020 #12

This is about Federal student loans and I see no blanket claim like you are making. pnwmom Jan 2020 #38

Then don't miss one or be late. Demsrule86 Jan 2020 #53

Tweaks like that are a great idea Recursion Jan 2020 #59

I didn't know that. Is it automatically forgiven, or do you ecstatic Jan 2020 #19

you must apply for IBR handmade34 Jan 2020 #29

I'm not a millennial rabid_decline Jan 2020 #22

What do you mean you didn't qualify for income based repayment? Recursion Jan 2020 #23

Not when I ended up in the casino industry rabid_decline Jan 2020 #24

Obama really helped with student loans...I had kids in college before Obama and after Obama.. Demsrule86 Jan 2020 #39

I'm a genxer...too..we all make choices. I went to state college and lived at home...worked my way Demsrule86 Jan 2020 #55

Great for him mrs_p Jan 2020 #86

I went to a reasonable state college and paid my own tuition. I had a full ride for my Masters Demsrule86 Jan 2020 #94

Did you research the salaries in Graphic Arts before choosing it? MichMan Jan 2020 #164

The fact that it usually can't be discharged in bankruptcy. Mariana Jan 2020 #25

I agree completely and that should be our first step. Demsrule86 Jan 2020 #36

"but never indicate what they think an appropriate amount would be" Tarc Jan 2020 #28

Why? Recursion Jan 2020 #43

K&R highplainsdem Jan 2020 #31

I'm 64 years old, retired & living on Social Security. rickyhall Jan 2020 #34

And there are lots of people like you. The OP is wrong. n/t pnwmom Jan 2020 #69

I was informed I should leave the party as I am not a 'real' Democrat if I don't support the Demsrule86 Jan 2020 #35

That's NOT TRUE. Only 39% of Federal student loans qualify for debt forgivenesss. pnwmom Jan 2020 #45

thank you for providing this link. 👍 Kurt V. Jan 2020 #54

As I said, the richest third of earners don't get that relief Recursion Jan 2020 #58

61% of Federal loans don't qualify for forgiveness, and it's not based on being "rich." nt pnwmom Jan 2020 #60

Read your link. 61% don't qualify for income-based repayment plans. Because they make too much Recursion Jan 2020 #64

You said a third, not 61%.And making 55K doesn't make you rich. The cities with the highest salaries pnwmom Jan 2020 #68

A third of Americans make more than $55K Recursion Jan 2020 #78

A person making 32K a year isn't "rich" because they live with another $32K earner. pnwmom Jan 2020 #89

There is no "qualification" other than income Recursion Jan 2020 #92

I posted two links, including one from the government, showing the basis for what I'm saying. pnwmom Jan 2020 #95

But you failed to post any example of a qualification other than income Recursion Jan 2020 #97

I posted this whole page from a government website. pnwmom Jan 2020 #100

For people who want real information, here is a government website pnwmom Jan 2020 #52

College Debt Is a Two Part Problem Throck Jan 2020 #63

You made a better decision based eilen Jan 2020 #161

Any Candidate Who Promises to Forgive Student Loan Debt Is Lying. MineralMan Jan 2020 #79

The extraordinarily high levels of student debt are an enormous drag on the economy dlk Jan 2020 #85

How so? Recursion Jan 2020 #88

You keep making claims with no data. But it turns out that you think a pair of 32K earners, pnwmom Jan 2020 #91

They're in the upper half of the income distribution Recursion Jan 2020 #93

https://www.yang2020.com/policies/student-loan-debt/ MerryBlooms Jan 2020 #96

Your argument isn't sane. Gore1FL Jan 2020 #103

Instead of starting businesses, purchasing homes, cars, etc, Americans are paying their student debt dlk Jan 2020 #113

Yang 2020: Reduce Student Loan Burden MerryBlooms Jan 2020 #90

Yup, and it's a much better plan than "forgive all student loans" (nt) Recursion Jan 2020 #99

Wait a minute squirecam Jan 2020 #108

Interesting fact: The failure of the student to matriculate can sometimes be due to illness or death nbsmom Jan 2020 #129

If people are spending their money on student loans... Act_of_Reparation Jan 2020 #98

College educated millennials on the average make over 100 thousand a year. Many in the tech emmaverybo Jan 2020 #101

It Becomes An Ever Greater Debtor Society Me. Jan 2020 #102

I wonder how many A. Einsteins, I. Newtons, W. Shakespeares, M.L. Kings were there... Gore1FL Jan 2020 #109

Where did you get your seriously inaccurate info on loan debt from? n/t kcr Jan 2020 #112

If you don't see anything wrong with putting most decent jobs out of reach without an education Doremus Jan 2020 #117

So tell businesses to stop requiring degrees Recursion Jan 2020 #120

I really want people with engineering degrees designing planes and cars. Gore1FL Jan 2020 #123

Me too, but I was talking about how just about any office job requires a college degree Recursion Jan 2020 #139

Conservatives are why we pay too much for education in this country JonLP24 Jan 2020 #150

The student loan system has contributed to the high costs MichMan Jan 2020 #159

I have an acquaintance with large loan debts who changed majors multiple times MichMan Jan 2020 #163

It isn't fair. Gore1FL Jan 2020 #168

Is this still a Democratic forum? BlueWI Jan 2020 #182

I'm for free tuition Recursion Jan 2020 #183

If you think that tuition free universities are a good idea, why not add that to your OP? BlueWI Jan 2020 #184

Because that's really not a Federal question Recursion Jan 2020 #185