Politics Biden will drop student loan forgiveness from next week's budget

[BLAZINGGIANTS]

We need to model our education system on the Germans. At least as I understand it, they pretty much have it figured out by the beginning of high school (or their equivalent) which kids are on a technical track and which are on a college track. And then they funnel them in the direction to which they are most suited. I may have it wrong, and if so I hope our European posters will set me straight……

this is as I understand it from my parent company.

 

[Phatguysrule]

Parents need to have the discussion with their kids that college isn't the only avenue to carve out a career.

But kids who go to college tend to be much healthier and happier adults than kids who do not.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5570614/

 

[Phatguysrule]

I do have some regrets not graduating high school, while foregoing college/degree. But, it doesn't necessarily mean I'd trade back my resulting my career path for that sake.

With the contacts you made at college your career would have more opportunity and hence very likely be more successful.

 

[Lanny]

Help me out here. What exactly am I getting for my federal tax dollars?

An intelligent young professional work force that will keep our economy on top and pay your social security check in the future.

 

[Lanny]

I agree as well.
The current institution is predatory in nature. They need to fix the broken system first.

But everyone made their choice. I'm fine with making all the loans 0% interest, but cancelation is the wrong approach

I paid my way thru with a little help from my parents, the GI Bill ($110/month) and working summers.

 

[stampedehero]

Because he's a piece of crap. Which is still legitimately a dramatic improvement over the last president...

So, "former guy" was like a bilge pump.

 

[stampedehero]

• * The White House has said it would prefer Congress pass a bill canceling the debt rather than doing so through executive order
• More than 42 million Americans, or one in six adults, have student loans, and owe an average of $36,520

 

[ABM]

With the contacts you made at college your career would have more opportunity and hence very likely be more successful.

Normally, that would be true. This was a virtual class, making that a bit more difficult. That said, I attempted to reach out to a couple of classmates, without much success.

 

[Hoopguru]

Its not all capitalism as the Public school district's including State Public Universities are State controlled and paid for by tax payers. They can control cost more effectively if they wanted in many area's and reduce tuition.

 

[Hoopguru]

But kids who go to college tend to be much healthier and happier adults than kids who do not.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5570614/

1/2 true, imo. I knew kids that jumped right to Universities and all they did was party and eventually drop out or booted out and left in limbo. Verus some I knew that went right to work and/or developed a trade, had money, invested, got married, had kids and were extremely happy.

 

[julius]

I paid my way thru with a little help from my parents, the GI Bill ($110/month) and working summers.

Yeah, but when you went to college, tuition was 2 chickens and a broom.

 

[Phatguysrule]

1/2 true, imo. I knew kids that jumped right to Universities and all they did was party and eventually drop out or booted out and left in limbo. Verus some I knew that went right to work and/or developed a trade, had money, invested, got married, had kids and were extremely happy.

You are describing anecdotal evidence. This is the absolute worst kind of evidence to draw conclusions from.

 

[julius]

You are describing anecdotal evidence. This is the absolute worst kind of evidence to draw conclusions from.

And clearly old anecdotal evidence from when going to college vs not going to college didn't have as huge of an impact on potential lifetime earnings as it does today.

"why, when I was in college, the things I remember are of the parties, not the people who studied!"

hell, I remember zero of the homework I had in high school and college, so clearly there wasn't any homework when I was in high school and college.

 

[Hoopguru]

And clearly old anecdotal evidence from when going to college vs not going to college didn't have as huge of an impact on potential lifetime earnings as it does today.

"why, when I was in college, the things I remember are of the parties, not the people who studied!"

hell, I remember zero of the homework I had in high school and college, so clearly there wasn't any homework when I was in high school and college.

Thats not true...I have a son that elected not to go to college, wanted to be a electrician so he got into an apprentice program and now is a journeyman, making big money. More than a couple kids that spent tons on a college education.
You dont need a college education in many industries that pay well. And te idea that you can co0me directly out of a four year school and make more money just because is not always true. Ive hired people with 4 year degrees versus those with zero college and they start out the same.

 

[calvin natt]

So why not fix the problem at the source, the overspending of these universities, rather than just handing tax dollars to students? I'm all for making college more affordable, but giving away money is only going to make the problem of university overspending WORSE not better. This is putting a band aid over a gaping wound and thinking you fixed the problem.

Was just going to write this. We can either cut checks and forgive loans...or I dont know...fix the root of the problem, in that we have colleges with BILLIONs in endowments. Put that towards lowering the cost of tuition? Or place a max/limit on what college can cost? If you want to go to Stanford, that is remarkable and congrats. You dont get money though to do so from the govt. Community College should be free maybe, but everything else, its on you.

 

[Hoopguru]

You are describing anecdotal evidence. This is the absolute worst kind of evidence to draw conclusions from.

But the claim that kids that went to college are healthier and happier is also anecdotal evidence, imo.

 

[tlongII]

I agree with you. The cost/benefit has changed drastically. I'm a big fan of college - it was the best 9 years of my life - but it isn't infinitely valuable.

barfo

You must be really smart. It took me 9 years to get my Associates degree.

 

[julius]

Thats not true...I have a son that elected not to go to college, wanted to be a electrician so he got into an apprentice program and now is a journeyman, making big money. More than a couple kids that spent tons on a college education.
You dont need a college education in many industries that pay well. And te idea that you can co0me directly out of a four year school and make more money just because is not always true. Ive hired people with 4 year degrees versus those with zero college and they start out the same.

You have stated you have grand children that are ready for college. Which means your son probably finished college 18-20+ years ago.

Things are not the same as they were 15-20 years ago.

 

[Haakzilla]

I paid my way thru with a little help from my parents, the GI Bill ($110/month) and working summers.

...if only it was still that "affordable" nowadays college tuition inflation is astronomical compared to the 1920s

 

[Hoopguru]

You have stated you have grand children that are ready for college. Which means your son probably finished college 18-20+ years ago.

Things are not the same as they were 15-20 years ago.

Much is the same, even then kids would come out of an expensive college and end up doing something non related to what they majored in. That happens now as well.
Like back then even when I was a kid, you had those that were complacent and didn't look hard to find a job, Those that went to college that did well and used their degree and those that didnt. If a young person now targets industry's that pay well that all dont require college education. Welders, Manufacturing, Plumbing, Construction, Real Estate, construction, entrepreneur, etc. Gov jobs pay well and huge benefits.
There is something for everyone and many do pay well, but there are also many jobs that dont regardless of an College degree or not. Yeah much has changed too, like not going into a place of business and asking for a job application, many young people don't know that you can still do that with various companies, but its easier to just go on line and send one, I get that too.

 

[julius]

Much is the same, even then kids would come out of an expensive college and end up doing something non related to what they majored in. That happens now as well.
Like back then even when I was a kid, you had those that were complacent and didn't look hard to find a job, Those that went to college that did well and used their degree and those that didnt. If a young person now targets industry's that pay well that all dont require college education. Welders, Manufacturing, Plumbing, Construction, Real Estate, construction, entrepreneur, etc. Gov jobs pay well and huge benefits.
There is something for everyone and many do pay well, but there are also many jobs that dont regardless of an College degree or not. Yeah much has changed too, like not going into a place of business and asking for a job application, many young people don't know that you can still do that with various companies, but its easier to just go on line and send one, I get that too.

Other than it costing a LOT more to go to college now than it did 15-20 (or 30) years ago.

No one is discounting that there are other jobs/career arcs available, but you continue to bring up anecdotal proof to justify being an grumpy old fart.

 

[Hoopguru]

Other than it costing a LOT more to go to college now than it did 15-20 (or 30) years ago.

No one is discounting that there are other jobs/career arcs available, but you continue to bring up anecdotal proof to justify being an grumpy old fart.

Not grumpy at all, just lovin life being active, healthy, enjoying kids & grandkids and spending way to much time on here like you. Are you a stay at home dad? or son?

 

[UncleCliffy'sDaddy]

But kids who go to college tend to be much healthier and happier adults than kids who do not.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5570614/

Waaaaaay too long to read…..and filled with hypotheticals, coefficients and who knows what else that’s over the heads of mere mortals. That said, I still disagree with the premise and have not seen any real evidence to support it in my 66+ years of living. I’ve worked with/for people who held Masters degrees who were dumb as a rock and unhappy to boot. I have a friend with a PhD who looks back and wonders if he didn’t waste those years studying, rather than living his life. And if they are indeed unhappy in general it is because they were sold the idea that their education was far more valuable and important than it actually is. And when that realization smacks them upside the head, the mountain of debt they accrued to get that bill of goods looks even bigger. That takes a real big bite out of happiness. And one true fact is that ALL the formal education in the world does not bestow one ounce of common sense. That has to be earned the hard way. And a lack of common sense can virtually and effectively negate a formal education. I have literally seen that on more than one occasion. A two year degree didn’t make me happier or healthier. All it did was make my paycheck at little bit bigger and a little more secure (okay, so that made my wife happy, which made me happy). My health and happiness is…and always has been….a product of my lifestyle and attitude, just as it is with most people. But after reading as much of the article as I could manage, I can’t help but wonder if the author of the piece wasn’t working overtime (and perhaps stretching reality) to justify her own education and it’s cost…….

 

[tester551]

But kids who go to college tend to be much healthier and happier adults than kids who do not.

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5570614/

I think this conflates two things.

Kids who get an education, find learning important, and are seeking self improvement DO tend to be healthier and happier.

My issue is the argument that going to college is the same as education.... and therefore going to college results in a healthier happier life.

20, 40, or 100-years ago, college was the easiest and most efficient way to gain an education. In the past 20 or so years, things have changed significantly. I can research, study, learn, and collaborate and become educated on any subject that interests me. Meanwhile, the university systems have become factories churning out as many kids as possible. Standards have been slipping. More and more, the diploma is becoming a 'participation trophy' in the vein of youth sports.

 

[stampedehero]

1/2 true, imo. I knew kids that jumped right to Universities and all they did was party and eventually drop out or booted out and left in limbo. Verus some I knew that went right to work and/or developed a trade, had money, invested, got married, had kids and were extremely happy.

That's a great viewpoint. My son tried college because my wife and I went through the experience. His personality did not match the routine. He is a hands on guy who is a carpenter for a large company who's portfolio consists of commercial and apartment building assets. He found his calling but I put a tempt into his head with Municipal or State inspector careers. Once he saw a young guy come into the complex he realized knowledge is the career asset. He took the Multiple Dwelling and Hotel License. He plans to retire with a pension and health plan when he is called on. Good for him! I work part time twice a week and make great money due the multiple licenses I worked to acquire.

 

[EL PRESIDENTE]

I think this conflates two things.

Kids who get an education, find learning important, and are seeking self improvement DO tend to be healthier and happier.

My issue is the argument that going to college is the same as education.... and therefore going to college results in a healthier happier life.

20, 40, or 100-years ago, college was the easiest and most efficient way to gain an education. In the past 20 or so years, things have changed significantly. I can research, study, learn, and collaborate and become educated on any subject that interests me. Meanwhile, the university systems have become factories churning out as many kids as possible. Standards have been slipping. More and more, the diploma is becoming a 'participation trophy' in the vein of youth sports.

People who go to college generally grew up in a better financial situation than those that didn't attend college. Takes money to make money!

 

[stampedehero]

Waaaaaay too long to read…..and filled with hypotheticals, coefficients and who knows what else that’s over the heads of mere mortals. That said, I still disagree with the premise and have not seen any real evidence to support it in my 66+ years of living. I’ve worked with/for people who held Masters degrees who were dumb as a rock and unhappy to boot. I have a friend with a PhD who looks back and wonders if he didn’t waste those years studying, rather than living his life. And if they are indeed unhappy in general it is because they were sold the idea that their education was far more valuable and important than it actually is. And when that realization smacks them upside the head, the mountain of debt they accrued to get that bill of goods looks even bigger. That takes a real big bite out of happiness. And one true fact is that ALL the formal education in the world does not bestow one ounce of common sense. That has to be earned the hard way. And a lack of common sense can virtually and effectively negate a formal education. I have literally seen that on more than one occasion. A two year degree didn’t make me happier or healthier. All it did was make my paycheck at little bit bigger and a little more secure (okay, so that made my wife happy, which made me happy). My health and happiness is…and always has been….a product of my lifestyle and attitude, just as it is with most people. But after reading as much of the article as I could manage, I can’t help but wonder if the author of the piece wasn’t working overtime (and perhaps stretching reality) to justify her own education and it’s cost…….

Likin your view.

 

[Lanny]

Thats not true...I have a son that elected not to go to college, wanted to be a electrician so he got into an apprentice program and now is a journeyman, making big money. More than a couple kids that spent tons on a college education.
You dont need a college education in many industries that pay well. And te idea that you can co0me directly out of a four year school and make more money just because is not always true. Ive hired people with 4 year degrees versus those with zero college and they start out the same.

The difference is that with a college degree you'll more likely be working in a nice air conditioned office while wearing clean clothes. Without out that degree, you're going to find yourself at times crawling under a house or in an incomplete building sweeping the spiders and other bugs frantically off your body. Then there's the cobwebs in your eyes and on your lips.

 

[Hoopguru]

The difference is that with a college degree you'll more likely be working in a nice air conditioned office while wearing clean clothes. Without out that degree, you're going to find yourself at times crawling under a house or in an incomplete building sweeping the spiders and other bugs frantically off your body. Then there's the cobwebs in your eyes and on your lips.

Some of that is true but look at how many college grads are wearing casual dress and making peanuts in the information industry. And there are many w/o college degrees that have nice offices because they worked their way up for companies.
I know a good percentage of both and those that excel in an industry and develop skills usually do well regardless.
My father and uncles were Columbia River Pilots & Tug Boat Captains, Zero college, all spent 40 plus years in the industry and made unbelievable money but they worked there way up through experience on the job.
And Columbia River Pilots for years were required to wear coat and ties.