It amounts to a federal subsidy of universities. Of course, that already exists in other ways.FACT SHEET: President Biden Announces Student Loan Relief for Borrowers Who Need It Most | The White House
A three-part plan delivers on President Biden’s promise to cancel $10,000 of student debt for low- to middle-income borrowers President Biden believes that a post-high school education should be a ticket to a middle-class life, but for too many, the cost of borrowing for college is a lifelong...www.whitehouse.gov
And... discuss.
Strictly speaking, the debt forgiveness is a separate issue from what you're highlighting. The amount of money prospective students have to spend is a big driver for costs. The prospect that your debt might someday maybe get forgiven, to a small degree, is probably not driving how much prospective students feel they have to spend. Pell Grants in the first place have much more to do with costs, though I do wonder just how much.
So you believe the current system used for student loans in the US is a fair one?
The odd thing is that I'm personally not so shallow and petty that I want something that may have affected me personally in a negative manner to do so to others.
Hillarious given the number of conservative mouthpieces taking loan forgiveness, Ben Shapiro, yeah he did it for his student loan, ditto Steven Crowder. PPP loans? the Ayn Rand institute did it, my personall favorite however is Markwayne Mullen who has introduced legislation saying that PPP must be repaid (it's even on his campaign page) yet got near $1.2 million in loans forgiven! I can keep going as long as you want to continue to try and 'own the libs'.
Nope, quite the opposite, the introduction of student loan systems (across multiple countries) is a causal factor in that, ever noticed than the cost of tuition each year is magically the same (or as near as damn it) as the maximum you can take out on a loan, or the max that a year's tuition is capped at?
You do know that's actually an argument against laissez-faire capitalism, don't you? It's also ********, as even Fox news had to acknowledge, these are increases from June, you know before the bill came into effect, oh and a number of the vehicles mention in various right-wing media outlets wouldn't even qualify for the grant, having too high a sticker price even before the increases! The closest was Ford raising the price of both gas and electric F-150s, but that was almost two weeks before the bill was signed (a bill that everyone pretty much thought was dead up until the day in question as well - so you can't even claim it was pre-emptive without looking foolish).
Talking about before she was a senator, a small, but rather important fact. Funny how you didn't bother with actual context, then again it's been well established that you and facts have a shaky relationship at best.
Remember not all debt is fair, but I guess you are one of these conservatives/libertarians who is fine with socialism for businesses and rugged individualism for the masses.
Ha ha ha ha ha. No. The wealthy can take a strategic default on their loans, take a write-down or write-off of their debts, a charge-off, reevaluation of assets, and so many other ways of walking away from their debts. And as others have pointed out, very wealthy people have sought out and been granted loan forgiveness.
And just all the times that the government bails out businesses that have made terrible decisions but are "too big to fail". You can largely ignore the normal structure of how debt works if you can just get yourself into a position where your demise will have too much collateral damage. It's basically hostage taking, but we shouldn't look at that too closely. Just remember, capitalism good.
I never said most of what you're trying to quote.So you believe the current system used for student loans in the US is a fair one?
The odd thing is that I'm personally not so shallow and petty that I want something that may have affected me personally in a negative manner to do so to others.
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Hillarious given the number of conservative mouthpieces taking loan forgiveness, Ben Shapiro, yeah he did it for his student loan, ditto Steven Crowder. PPP loans? the Ayn Rand institute did it, my personall favorite however is Markwayne Mullen who has introduced legislation saying that PPP must be repaid (it's even on his campaign page) yet got near $1.2 million in loans forgiven! I can keep going as long as you want to continue to try and 'own the libs'.
Oh and as country you most certainly do have the money, you just spend it on the military-industrial complex and bail-outs and freebies for big businesses.
As for liberals wanting "to cripple the country", here's a little challenge for you, go away and take a look at what deficit existed when each party took office and then what it was when they left office for the last 40 odd years. Come back and let us know just how inaccurate your claim was once you have done that, conservatives are not the party of fiscal responsibility.
Nope, quite the opposite, the introduction of student loan systems (across multiple countries) is a causal factor in that, ever noticed than the cost of tuition each year is magically the same (or as near as damn it) as the maximum you can take out on a loan, or the max that a year's tuition is capped at?
The UK has had student loan forgiveness after a set number of years, it's NEVER driven up fees. However, when the UK government increased the maximum annual fee universities could charge from £3k to £9k (while claiming market forces would ensure prices would be competitive) the end result was that 99% of annual fees went to the new £9k cap overnight. It also had the impact of increasing the burden on lower and middle-income recipients by over 30% (despite claims that it would actually benefit them, which it did - if you ignore the realities of wealth disparity in the workplace).
You do know that's actually an argument against laissez-faire capitalism, don't you? It's also ********, as even Fox news had to acknowledge, these are increases from June, you know before the bill came into effect, oh and a number of the vehicles mention in various right-wing media outlets wouldn't even qualify for the grant, having too high a sticker price even before the increases! The closest was Ford raising the price of both gas and electric F-150s, but that was almost two weeks before the bill was signed (a bill that everyone pretty much thought was dead up until the day in question as well - so you can't even claim it was pre-emptive without looking foolish).
As such your claim that they "rised prices by the same amount just days later" is, unsurprisingly, a lie.
Talking about before she was a senator, a small, but rather important fact. Funny how you didn't bother with actual context, then again it's been well established that you and facts have a shaky relationship at best.
"“I have student loans, too,” Ocasio-Cortez told reporters. “I think it’s so funny, a year ago, I was waiting tables in a restaurant and it was literally easier for me to become the youngest woman in American history elected to Congress than it is to pay off my student loan debt.”"
Alexandria Ocasio-Cortez: To pay off student loans 'I had to do something that was nearly impossible'
She's exceptional in so many ways, but like many other Americans her age, 29-year-old Alexandria Ocasio-Cortez has student loans. According to her 2018 financial disclosure, the Congresswoman is paying off between $15,000 and $50,000 in student loans. On Monday, Ocasio-Cortez referenced her...www.cnbc.com
Remember not all debt is fair, but I guess you are one of these conservatives/libertarians who is fine with socialism for businesses and rugged individualism for the masses.
You did, I literally quoted you doing so.
I've not said everyone should go to college, it seems you're projecting.
So you admit it's broken and unfair, but screw 'em.
Actually, it's quite similar, no surprise given the UK system was based off the US model.
I've already explained that, you've just ignored it.
About the time in her life before she was one, as I clearly stated and you have clearly ignored.
Months before the bill was passed, (and for different reasons) not days after, as you claimed. So unwittingly or not, what you posted was a lie.
It's a deficit, and way to ignore the point made.
Yes, and more importantly we knew that wasn't what you said. If you're going to be floating thoughts and opinions on economic policy, using the right words for economic principles is... quite important, lest you wish to give the impression of not knowing what you're talking about.
No I want to use actual facts and accurate data, you want to make **** up and pretend its real, then avoid them like the plague once that's made obvious.
No, you're fine with paying for the commitments of big business and the ultra-rich, but not the 99% who are far closer to you.
Damn you make assumptions!
Nope.
You might want to go back and check what Betty DeVos did to make your above claim nonsense (under BTW a President you seem to have supported), in addition to the number of colleges found to be highly misleading about the actual fees people were going to incur, to the degree of committing fraud going bankrupt and student still being stiffed for loans they literally couldn't use, oh and Betty and the orange one killed off regulations that stopped the practice and investigations into that as well. You can only plan in that manner if a rug doesn't get pulled out from under you.
Nice try, we have an AUP, pick your own new pronoun.
