Rumor Student Loan Forgiveness

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Write it off? (Let's say $50k)

  • Total voters
    33
Really want to go to Vietnam...

Back On Topic, probably could have covered a significant portion with all the Covid Relief Pork.
 
jonnyboy said:
I just said this in another thread, but why should the underprivileged working class have to pay for more affluent college graduates’ college degrees? Seems like an interesting position for liberals who clamor on about privilege to be taking. I don’t expect the plumbers or electricians to pay for my children’s education so they can go on to make more money than them. There are way more noble causes than paying ‘educated’ people’s bills for them.
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In a more perfect world it would be the college grads making the most money would would pay the lion's share of the taxes that would help the college students and not the underprivileged working class.
 
Guys - I’m in a tough spot and could use some advice!

I went to a CC and now on my way to a 4 year university.

I already deferred my repayments this winter and with my recent acceptance into a 4 year university I definitely need to defer again - at least during the first year as I get a strong foothold on my new situation. What are my options?
 
Fez Forthright said:
Guys - I’m in a tough spot and could use some advice!

I went to a CC and now on my way to a 4 year university.

I already deferred my repayments this winter and with my recent acceptance into a 4 year university I definitely need to defer again - at least during the first year as I get a strong foothold on my new situation. What are my options?
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Talk to your university's financial aid advisor. They will have much better and more up to date information then most on here will. They will also have scholarship, grants, and work study options that would apply directly for your situation.
 
Fez Forthright said:
Guys - I’m in a tough spot and could use some advice!

I went to a CC and now on my way to a 4 year university.

I already deferred my repayments this winter and with my recent acceptance into a 4 year university I definitely need to defer again - at least during the first year as I get a strong foothold on my new situation. What are my options?
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Lifelong debt seems to be the short answer……..scholarships and grants if available and you are eligible. Rich parents? You could always join the military………. :cool2:
 
I hope you are pursuing a degree that has a guarantee profession afterwards.

I have a lot of debt for a piece of paper that I'm not entirely sure is that helpful.
 
Natebishop3 said:
I hope you are pursuing a degree that has a guarantee profession afterwards.

I have a lot of debt for a piece of paper that I'm not entirely sure is that helpful.
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Why get an underwater basket weaving degree if you're afraid of water?
 
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EL PRESIDENTE said:
I voted no because I paid mine off already. Also, those that didn't have the means to attend college get screwed as well since those that were fortunate enough to go to college now get better jobs AND having the loans erased that they took to get there.
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I paid off my loans too yet I voted yay. School should be free for all because that's the way to get equal opportunity for all.
 
julius said:
Not only that, improve the kinds of courses that are offered AND encourage different kinds of education/trades.

If I could do my life over, I would've gone into carpentry or be a welder.
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Electrician, it's indoor work, steady work, pay is good and benefits even better. And you don't have to work up high where you could easily fall. No banging your thumb. No needing degreaser to clean your hands. Not as cold in the winter nor as hot in the summer. Work normal hours. No shortage of work. etc. etc. etc.
 
Natebishop3 said:
I hope you are pursuing a degree that has a guarantee profession afterwards.

I have a lot of debt for a piece of paper that I'm not entirely sure is that helpful.
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Probably my greatest fear!

The job you have now, how much of a role did your degree play in landing it?
 
SlyPokerCat said:
I got two degrees. The job I have now uses one of my degrees. But, I know a lot of people that get jobs in different fields with different degrees than the field. Don't be one of those jackholes that think they make 100k out of school with a random degree that doesn't have a lot of job options. Get in somewhere, work hard and move up. If you are going somewhere professional, you might start out at the same spot with people without degrees, but they generally have a cap. Most managers or supervisors have degrees.
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I know a number of degree electrical engineers who got plumb jobs as software engineers.
I know a guy who got a degree in physics who now works as an electrical engineer.
I also know of one guy with degrees in mathematics and electrical engineering who worked as the president of prominent computer and engineering companies.
My roommate after college, was the president of probably the most prominent software engineering company in Oregon.
My nephew-in-law who has a degree in mechanical engineering was a vice president at the largest engineering company in the world, CH2MHill.
I once had an excellent instructor in computer science who had a degree in biology.
I would say you can certainly do it but it helps an awful lot if your degree is in something closely related to what you want to switch to.
 
THE HCP said:
More people need to take this approach.
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I think more people should look into this approach, not necessarily "need to".
 
my three kids are all heading towards college decisions over the next 2-7 years, and if they all go, I will pay for college for 10 years with two of them doubled up. Its nerve-wracking to say the least. I hate to saddle them with debt, but I am not paying for 12 years of college over 10 years. That is legitimately 400,000 if they go to an OSU/UO type school.
 
calvin natt said:
my three kids are all heading towards college decisions over the next 2-7 years, and if they all go, I will pay for college for 10 years with two of them doubled up. Its nerve-wracking to say the least. I hate to saddle them with debt, but I am not paying for 12 years of college over 10 years. That is legitimately 400,000 if they go to an OSU/UO type school.
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SIGH…..dealing with this right now.
 
calvin natt said:
my three kids are all heading towards college decisions over the next 2-7 years, and if they all go, I will pay for college for 10 years with two of them doubled up. Its nerve-wracking to say the least. I hate to saddle them with debt, but I am not paying for 12 years of college over 10 years. That is legitimately 400,000 if they go to an OSU/UO type school.
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THE HCP said:
SIGH…..dealing with this right now.
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As am I. For our daughter, we're paying room/board for her school, and she's responsible for the tuition. With the academic scholarships she's earned, she's got a legit chance to graduate debt-free if she works hard and consistently during the summers. Our cost: 40K.

For my son (still 3 years left in HS) I assume we'll plan to do the same thing, but I wouldn't be surprised if he ends up going the military route.
 
PtldPlatypus said:
As am I. For our daughter, we're paying room/board for her school, and she's responsible for the tuition. With the academic scholarships she's earned, she's got a legit chance to graduate debt-free if she works hard and consistently during the summers. Our cost: 40K.

For my son (still 3 years left in HS) I assume we'll plan to do the same thing, but I wouldn't be surprised if he ends up going the military route.
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How did you guys go about academic scholarships? Through the school, or did you get them first, THEN decide which college?
 
THE HCP said:
How did you guys go about academic scholarships? Through the school, or did you get them first, THEN decide which college?
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The school we chose had predetermined scholarship amounts based on GPA and SAT. Separately, there are a lot of scholarship options out there that are school-independent, if the student seeks them out. Unfortunately, my daughter didn't pursue many of those, which is part of the reason she has to work so hard to pay her tuition and is still gonna have some debt when she's done.
 
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