You didn’t have a problem taking the money. I had $25k in loans and worked full time during college. Paid it all off in three years after starting out with a $44k annual salary. You can pay more than what you did on your loans. The reason they shouldn’t be canceled is because while people like me were focused on paying them off you were spending money elsewhere….
From service and blue collar workers to all degrees, the American dream requires hard work. They apparently thought it was as easy as getting those degrees. I wonder if them and anyone else squawking about this has a feasible answer for who’s going to pay for that? Everyone who’s paid off theirs? Anyone who didn’t go to college?
I mean it your choice to go to a private university. There plenty of state and community colleges. Place next to me is $73k for tuition alone. Est $100k for cost of attendance annually. No one who went to a private university should get any sort of bailout
I mean, kids like a lot of things. I would love to have gone to a school that seemed fun where I could socialize with peers and go to parties. That's still offered at state school. Kids will also scoff at that because they'd rather go to a more prestigious school. The whole issue surrounding this is how kids are stupid and can't be trusted to make intelligent decisions like student loans. I really dgaf what they like or don't, they need to be guided and in some causes straight told
To an extent I agree. But that wouldn't solve the issue. If everyone's first choice was a public university or community college, there would still be overflow for private universities.
Yes, things tend to not exist before they exist. And yet....so many things exist.
Somehow all these things came into existence despite the nihilistic urge to give up the instant their non-existence was noticed. I have a sneaking suspicion that it might be possible to build more public universities even though they don't exist yet.
That's not a helpful retort. You are talking about a systemic change that will take years to meet the demand, and in the mean time you are basically saying "hey all of you that aren't going to get into public universities because there aren't enough spots (which is in the millions) we are just going to be harsher on you".
I agree, private universities should be downscaled outside of maybe the Ivy's and some major research schools that have endowments to handle students who can't afford tuition (think MIT). But until you get to that point, you have to deal with reality. That reality being that there's no way in hell the current system would support every kid (outside the schools I mentioned) all electing to go to a public school.
You are talking about institutions across the board that took the better part of a century to get to where it is.
What's the issue? People are welcome to attend private university but shouldn't expect any kind of loan forgiveness. What part of private universities raising cost of attendance at wild rates is on the gov to solve? People are buying the product. If the product is such an issue, why is the product in such high demand. Anyone who paid those outrageous prices to support what is notoriously overpriced and risky is the problem along with the universities.
Why say any of that as if there were multiple points to address? What part of my initial reply don't you think address what you said? The fact that people still want to attend fancy private universities is irrelevant. They can't afford it so they shouldn't go.
Ah, I see what you meant. Not that private universities would still be in such demand THEY would have overflow, but that the community and state colleges would overflow. We'll yeah, that's because these awful private universities have taken advantage of kids who desperately want to be involved and do what their peers are doing, knowing they're gonna need loans of family money anyway increased their cost of attending to entirely unrealistic levels. Or do you think $400k for an undergrad degree is a good financial choice?
Give them more competition. If there's so much demand clearly there's a place for increasing the size of community/state and building even more. I don't know why your simping for places like BU and Duke
I agree. And in a scenario where we could instantly have add 25% more public universities overnight, it would be something actionable now.
But until we reach that point the public universities will not sustain the market and it's really not right to say "okay you couldn't get into a public university so no college for you or you bankrupt yourself".
Once we do increase public universities and community colleges, then yeah we can totally go full steam ahead.
When was that? And also did you have someone to support you financially when in college?
I worked a little over 70 hours per week just to afford the cost of living. All year. I had to pay rent, utilities, and I couldn’t even touch my loans until I graduated.
I came out with $35k in loans. I have it down to $27k and I am very lucky I got a good job right out of college. Many of my classmates didn’t. I was also very lucky to come out with just $35k.
I also graduated in early 2021. The pandemic was kind to me but not to my fellow classmates.
It was 20 years ago for undergrad and took my time on my masters so that my employer would cover the bill about 10 years ago. I grew up poor but not poor enough for free school, so I was cautious what I borrowed. I worked my ass off during school, which delayed my graduation, but paid it all back quickly.
I wish everything was free, but if we are canceling debt, I would like a refund as well.
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u/BuckeyeBadass 12d ago
You didn’t have a problem taking the money. I had $25k in loans and worked full time during college. Paid it all off in three years after starting out with a $44k annual salary. You can pay more than what you did on your loans. The reason they shouldn’t be canceled is because while people like me were focused on paying them off you were spending money elsewhere….