Sen. Elizabeth Warren Intros Legislation To Allow Refinancing Of Student Loans

[RockofStrength]

I like her cause she cares about me....



Everyone agrees that we need better educated citizens to stay competitive in this global economy. Getting students out of crushing debt by refinancing loans seems like a decent way of addressing this. W/o a decent education we have no way to rise out of the economic under class. Anyone notice the middle class is disappearing? Warren will work with Republicans to find the best way to finance this. There are worse things to spend/invest public funds in. Fewer climbing walls and health spas at universities might be a beginning. Now let's talk about moral hazard. You go first.



Watching the libertarian circle jerk.

Define "educated"? Does merely entering a college make one more "educated" and employable? Isn't dealing with debt on the cost end (i.e. the exorbitant fees charged by colleges for increasingly worthless degrees) more efficient than merely refinancing existing debt?

Furthermore, is there a marked increase in college jobs, or merely a loss of non-degree requiring jobs? Because if the latter is true then everyone getting degrees is still going to result in high levels of unemployment unless millions more high-paying jobs sprout up to pay these ridiculous debts everybody keeps incurring.

 

[mrjarrell]

Oh, she's so smart and wonderful.
Another thread by you gushing over leftists and their taking this country down the drain.

Meanwhile, anybody that's talks about turning this country around you are right there to bash on.

Really, don't waste your time here up until the election we know what you are going to say.
You try to cloak it, but it comes through pretty clear.

Only thing clear here is your usual lack of discernment. I espoused no opinion on her motives or even the legislation. I certainly didn't say I supported it or her, troll. Go back to whatever it was you were doing and stop stalking and trolling. You're a droll little man and contribute little. Only clear thing here is that your reading comprehension skills are sorely lacking.

 

[printcraft]

Only thing clear here is your usual lack of discernment. I espoused no opinion on her motives or even the legislation. I certainly didn't say I supported it or her, troll. Go back to whatever it was you were doing and stop stalking and trolling. You're a droll little man and contribute little.

Typical leftist, result to insults when you don't get your way.
Sorry, I'm not buying the bull**** you are selling here. You've been consistently doing it for years while claiming otherwise.
I'm calling you on it.

 

[findingZzero]

Oh, she's so smart and wonderful.
Another thread by you gushing over leftists and their taking this country down the drain.

Meanwhile, anybody that's talks about turning this country around you are right there to bash on.

Really, don't waste your time here up until the election we know what you are going to say.
You try to cloak it, but it comes through pretty clear.

That's one way to look at it. The other is that this is a forum for folks to express their ideas. Ain't easy being a moderate/liberal here, but w/o this view it would be a right wing circle jerk. You can have that, but it's boring. I suppose we could all guess what somebody's gonna say next from reading their previous posts. What exactly are you calling him out on? I think his argument is cogent. I'm not afraid of gushing over people I agree with. I like Warren. I'm a liberal/Libertarian schizophrenic who tries not to be 2 offensive, and you look hairy good in a bikini.....

 

[findingZzero]

Define "educated"? Does merely entering a college make one more "educated" and employable? Isn't dealing with debt on the cost end (i.e. the exorbitant fees charged by colleges for increasingly worthless degrees) more efficient than merely refinancing existing debt?

Furthermore, is there a marked increase in college jobs, or merely a loss of non-degree requiring jobs? Because if the latter is true then everyone getting degrees is still going to result in high levels of unemployment unless millions more high-paying jobs sprout up to pay these ridiculous debts everybody keeps incurring.

Plenty of jobs at minimum wage in the service industry. With the right skills there are always good jobs available. I'm talking in generalities and you are nit picking specifics. Are you arguing against a better educated society? You want specifics? Certainly STEM jobs will keep us competitive. I believe that 'better educated' means teaching people how to think for themselves. Worthless degrees are still worthless if they don't do this.Training for a job is another matter.

 

[karl77]

It seems many of you have missed the point. Student loans were changed about fours years ago (by the GOP and their banker friends) to where you could no longer consolidate all your loans (each year has a new loan) into one note. Under the new system you now have 4-5 notes due rather than one note as was in the past.

perhaps it's time to go back to the glock vs. 1911 or AR vs AK debates, rather than point blame at some one trying to give those who took loans out to better themselves.

 

[printcraft]

That's one way to look at it. The other is that this is a forum for folks to express their ideas. Ain't easy being a moderate/liberal here, but w/o this view it would be a right wing circle jerk. You can have that, but it's boring. I suppose we could all guess what somebody's gonna say next from reading their previous posts. What exactly are you calling him out on? I think his argument is cogent. I'm not afraid of gushing over people I agree with. I like Warren. I'm a liberal/Libertarian schizophrenic who tries not to be 2 offensive, and you look hairy good in a bikini.....

Yes, but I (we) know where we stand with you.
Stand up and be proud and shout it to the rooftops that you are wrong, but truthful in your world view.

You don't come on here with leftist news feed talking points.
Oh, it might not be overt praise but there is definitely a candy coating spin on anything leftist and a vehement distain
and ridicule against anything that goes against the leftist socialist country destroying agenda.

You don't try to hide your agenda with pseudo intellectual claptrap, holier than thou attitude like mrjarrell.
Really, who in the hell uses "droll"?

 

[steveh_131]

This subject has some striking similarities to much of the health care debate.

Like health care, college education has reached a point where most people can not afford it without going into massive amounts of debt.

Why? Again, just like health care, I think much of it should be attributed to government interference.

Education should respond to the supply and demand curve just like any other service. But the demand is artificially inflated by thousands of government-subsidized students, and prices respond accordingly.

Thanks to this interference we have a lot of waste in the college education market. If these kids were paying for it instead of borrowing it or getting grants, they would be far more careful about what major they chose, what classes they took, how well they studied and finishing their degree instead of dropping out.

In addition, we have these publicly funded gigantic Universities setting the bar for what a college degree should look like. Kids are paying tax-payer money for useless electives that have nothing to do with their field of study. Why? Who decided that our job market needs engineers who spent a bunch of time studying Sociology and black history? If people want to become well-rounded, let them do it on their own time.

As usual, the government turns an important service into a bloated monster then wants more of our money to keep feeding it. It's for the children, right?

Sorry, Elizabeth, we're never going to tame this beast with more government spending.

 

[mrjarrell]

Typical leftist, result to insults when you don't get your way.
Sorry, I'm not buying the bull**** you are selling here. You've been consistently doing it for years while claiming otherwise.
I'm calling you on it.

Call away, troll. I'm such a leftist that I spent time here on INGO promoting a republican for district 5 against a machine politician. Now, bugger off.

 

[ATOMonkey]

I was able to "re-finance" my debt back in '03. I rolled about $20k of various college debt into a single federal loan at 3.5%.

At the time they were calling it "consolidation" but it was the same thing.

Nothing new under the sun.

 

[jamil]

I like her cause she cares about me....



Everyone agrees that we need better educated citizens to stay competitive in this global economy. Getting students out of crushing debt by refinancing loans seems like a decent way of addressing this. W/o a decent education we have no way to rise out of the economic under class. Anyone notice the middle class is disappearing? Warren will work with Republicans to find the best way to finance this. There are worse things to spend/invest public funds in. Fewer climbing walls and health spas at universities might be a beginning. Now let's talk about moral hazard. You go first.



Watching the libertarian circle jerk.

Tuition and student loan debt have continued to increase obscenely, especially over the last decade. Tuition isn't increasing because demand for education exceeds supply. It's increasing because there is no market pressure to decrease it. There's no market pressure to decrease it because the government will help you pay any cost, whatever it costs, without many strings. And there are no consequences for institutions to continue raising their tuition by obscene amounts, year after year.

Compared to when tuition was more affordable, dollar for dollar, do you think we're a better educated society, commensurate with today's cost? Since I graduated, higher education in America has become ever closer to the model you want, with more government involvement, and it what it is because of that. I don't want more of what you want. I want free market education.

I don't mind helping perspective students who struggle with finances. I want to see people succeed. Instead, the more education becomes what you want, I'm seeing more young people drowning in debt, indoctrinated, with often worthless degrees. More than thirty years ago, a bachelor's degree in something like agriculture was probably worth the tuition. How long do you think an ag student would take to pay off an $80K student loan today with the kind of job you could get today with that degree?

The only circle jerk going on is between the government, higher education, and snooty progressives.

 

[printcraft]

Call away, troll. I'm such a leftist that I spent time here on INGO promoting a republican for district 5 against a machine politician. Now, bugger off.

Yes, but we know where your heart lies.

Thanks, although enticing as it may be, I reject your buggery offer. I am a happily married man.

 

[ATOMonkey]

15 years ago when I was a college freshman, total tuition room and board for the year was about 50% of the starting salary for someone in my field.

Today it is closer to 90-100% of starting salary.

You can't tell me that's all lab fees and staff salary.

 

[hornadylnl]

15 years ago when I was a college freshman, total tuition room and board for the year was about 50% of the starting salary for someone in my field.

Today it is closer to 90-100% of starting salary.

You can't tell me that's all lab fees and staff salary.

Sports facilities aren't free.

 

[printcraft]

It seems many of you have missed the point. ..........

No, the point of the thread has little to nothing to do with the topic.
The point of the thread is a puff piece designed to attempt elevate the lying weasel elizabeth warren in the polls.
It's a feel good, "she's helping" the poor disadvantaged people who KNOWINGLY signed up for these loans.

Now, the debatable part is that the OP knows this and is foisting these progressive losers on us intentionally
OR he is just too dense to see he's being used as a tool to further the progressive agenda.

 

[ATOMonkey]

Sports facilities aren't free.

They had the sports facility built before I got there. I was back for homecoming and it didn't look like anything had changed. I dunno...

 

[GodFearinGunTotin]

I agree that we shouldn't be funding peoples' attendance to college; that the .gov has distorted this market; and that college educations are not required to do many of the jobs that need to be done. But Warren's proposal is political gold. A huge percentage of the population are quite comfortable with the .gov's loving-caring embrace and assistance. When they're being strangled by that mountain of college loans you've piled on yourself, the prospect of having it relieved will be a winner and a vote getter.

I often disagree with MrJarrell, but if you're a run-of-the-mill recent college graduate; not a member of a site like this but just got out of 4-6 years of liberal indoctrination; who would you vote for? Some republican (more likely a libertarian) that's telling you it's your debt, you did it to yourself, now deal with it? Or a kind, benevolent democrat that feels your pain and has a program that will take all your worries away?

 

[ATOMonkey]

If your a post grad, just got married and the two of you have $400k of student debt bomb that just started ticking....

 

[GodFearinGunTotin]

Sports facilities aren't free.

They had the sports facility built before I got there. I was back for homecoming and it didn't look like anything had changed. I dunno...

I know in the big-time conferences, like the SEC, sports programs are self funded (at least my college's teams were)--that's one reason why your cable bills are as high as they are. In fact, I know my alma-mater has, in the past, made it a point to transfer part of their revenues over to the academic side.

 

[chraland51]

Why should I be forced to pay through my taxes the loans of students who went to college and got a worthless degree, particularly in today's economy. Over the years, I have seen many transcripts of graduates that looked like they had a pretty good time while in school particularly from IU, PU, BS and ISU. The coursework was just enough to satisfy the minimum requirements. There were too many courses in phys. ed, bowling, dancing, wine-tasting, and other electives instead of something that would really make the transcript much more attractive to someone looking to fill a position. Too many graduates had Ws, Is and Ds/Fs on the transcript. It would have been a waste of time to even bother interviewing many of the applicants. Now, many of them are whining because their student loans have come due and they have no way to make the payments and have to live in mommy and daddy's basement. I have mixed emotions about this huge problem. No one forced them to take out the loans. No one forced them to take worthless classes that did nothing to enhance their transcript. However, no one told them that the economy would be in the toilet for whatever reason you want to pin on either political party. I actually felt sorry for many of the applicants that I did interview as many of them seemed to just be realizing that they should have worked a little harder while in school instead of having a good time for the last four years. All that I know is that I had a decent transcript, was hired into a professional position that included advancement opportunities and paid off me and my wife's student loans ahead of time as we both made it a priority to do so.