VP - "Student loans will be forgiven regardless of income, even if you didn't graduate"

[Anti Federalist]

VP - "Student loans will be forgiven regardless of income, even if you didn't graduate"

Well, the Marxists certainly know here their bread is buttered.

Outside of coloreds and queeers, college indoctrinated folks are their most certain voting bloc.

30 million people to be paid off with my money, with my privilege to go to work at 16.

https://twitter.com/EndWokeness/status/1777466762948219249

Vice President Kamala Harris unveils more student debt relief measures in North Philly
The Biden administration expects the debt relief program will help 30 million people nationwide.

 

[Anti Globalist]

No sympathy for all college students that actually believe Harris's words.

 

[jkr]

checks account...hmmm NOT ME! i wonder how they do that?

 

[Voluntarist]

VP - "Student loans will be forgiven regardless of income, even if you didn't graduate"

And yet they'll still offering new student loans under the same paradigm as they always have. It's a broken system that:
- Doesn't check whether the course of study is one that will generate an income necessary to pay off the loans in a reasonable amount of time
- Doesn't check whether the students have the aptitude to compete in the specified curriculum
- Has no follow-up to ensure that the students are performing well in their curriculums
- Has no follow up to ensure that students aren't switching curriculums to something that's easier to perform well in.

If you have massive amounts of student loans being forgiven, you no longer have a student loan program. What you have is "free college education" without:
- any checks on whether the students have chosen curriculums that allow them to be valuable members of the workforce
- subsequent monitoring to ensure that those students are performing up to expectations in those curriculums.

 

[PAF]

And yet they'll still offering new student loans under the same paradigm as they always have. It's a broken system that:
- Doesn't check whether the course of study is one that will generate an income necessary to pay off the loans in a reasonable amount of time
- Doesn't check whether the students have the aptitude to compete in the specified curriculum
- Has no follow-up to ensure that the students are performing well in their curriculums
- Has no follow up to ensure that students aren't switching curriculums to something that's easier to perform well in.

If you have massive amounts of student loans being forgiven, you no longer have a student loan program. What you have is "free college education" without:
- any checks on whether the students have chosen curriculums that allow them to be valuable members of the workforce
- subsequent monitoring to ensure that those students are performing up to expectations in those curriculums.

Politicians; children with color printers; print more money, print more diplomas; just because it’s something fun to do; print print print.

 

[Anti Federalist]

And yet they'll still offering new student loans under the same paradigm as they always have. It's a broken system that:
- Doesn't check whether the course of study is one that will generate an income necessary to pay off the loans in a reasonable amount of time
- Doesn't check whether the students have the aptitude to compete in the specified curriculum
- Has no follow-up to ensure that the students are performing well in their curriculums
- Has no follow up to ensure that students aren't switching curriculums to something that's easier to perform well in.

If you have massive amounts of student loans being forgiven, you no longer have a student loan program. What you have is "free college education" without:
- any checks on whether the students have chosen curriculums that allow them to be valuable members of the workforce
- subsequent monitoring to ensure that those students are performing up to expectations in those curriculums.

Politicians; children with color printers; print more money, print more diplomas; just because it’s something fun to do; print print print.

Yes and yes.

 

[familydog]

Ban usury. Problem solved.

 

[Snowball]

Ban usury. Problem solved.

Ban usury.
Become a military target of the Pentagon and assassination target of the CIA.

 

[Voluntarist]

Biden Clears $6 Billion in Debt for Closed Art School’s Students
May 1, 2024

President Joe Biden is forgiving $6.1 billion in student loans for more than 300,000 attendees of the Art Institutes, a shuttered group of private colleges accused of fraud — the latest effort to deliver on his promise of easing student-loan debt ahead of November’s election.

The Art Institutes once operated 50 campuses across the US, but its doors closed abruptly in September 2023. The move will provide automatic relief for 317,0000 people who enrolled in the colleges between Jan. 1, 2004 and Oct. 16, 2017.

The Education Department said the schools and parent company Education Management Corp. “made pervasive and substantial misrepresentations to prospective students about postgraduation employment rates, salaries, and career services during that time.” Education Management Corp. sold the entity in 2017.

My first question would be: "What was the fraud (looks to be 'made pervasive and substantial misrepresentations), and why wasn't it caught before the federal government started issuing and guaranteeing loans for students attending the schools?"
... if the bureaucrats are doing due diligence regarding taxpayer dollars, shouldn't they be certain that those dollars are going to reputable institutions?

Next question: "Who's been indicted, prosecuted and convicted of this fraud?"
... because shouldn't they and the respective schools be the ones responsible for ponying up to pay the bill?

Lastly: "How incompetent do you have to be to allow fraud to go on from Jan. 1, 2004 through Oct. 16, 2017 without being detected?"

 

[Occam's Banana]

... if the bureaucrats are doing due diligence regarding taxpayer dollars, [...]

 

[RJB]

Let the students declare bankruptcy like any other schmuck over their heads in debt. Put the banks and schools out of business . Confiscate the "professors'" retirement. 99% of higher education is a scam these days. They teach no skills to succeed. They only teach excuses for why the students fail in life.

 

[CaptUSA]

99% of higher education is a scam these days. They teach no skills to succeed. They only teach excuses for why the students fail in life.

You're mistaking a credentialling system for an education system. They sell documents to get you past the HR screens for white collar jobs. They don't come right out and say that, but that's what it is. The more prestigious credentialling institutions make it a little more difficult to acquire the credential, but they've been out of the education business for decades.

 

[WarriorLiberty]

Students will still have to pay their educational institution eventually.

Student loans will be forgiven regardless of income even if you didn t graduate

Press x to doubt..

 

[jkr]

checks account...hmmm STILL THERE! i wonder how they do that?
I WONDER IF THEY KNOW I CANT FIND WORK?

 

[Anti Federalist]

 

[oyarde]

It should be the new cornerstone for DNC. Like some grand retarded delusion right before the death of the empire. In a decade or two while these students are eating raw rats in the street they probably wont remember the studies at university.

 

[Voluntarist]

Let the students declare bankruptcy like any other schmuck over their heads in debt. Put the banks and schools out of business . Confiscate the "professors'" retirement. 99% of higher education is a scam these days. They teach no skills to succeed. They only teach excuses for why the students fail in life.

My understanding is that all FAFSA-based student loans (both subsidized and unsubsidized) are issued by the US Government Department of Education. So what you're effectively recommending is what Biden is trying to do now by forgiving student loans; except, under your scenario, I could see "declaring bankruptcy" becoming a standard part of the college graduation ceremony, making student loan forgiveness universal.

Now if you got the government out of the business of issuing the loans, that'd be a whole different story. The lending institutions (if faced with loan recipients willing to declare bankruptcy) would then certainly be examining each individual case for credit worthiness and likelihood to repay the loans before issuing the loans.

I think a better system would be for financial/investment institutions to offer grants in exchange for a percentage cut of all future earnings (pay, bonuses, stock options, etc.) ... but I think it's questionable whether the 13th Amendment would allow for that or not.