Student loan forgiveness

[Thrif-t]

I know a girl who had almost 100K in student loan debt due to changing majors and schools a couple times.
She never did graduate.

She got out of them by just going off the grid.
After her boyfriend got her pregnant she quit her job and became a stay at home mom.
Since they weren't married he filed taxes separately.
She had no reported income, so no need to worry about taxes anymore and no need for credit.
The lenders couldn't really do much to come after her or take anything from her.
She has a judgement levied against her on her credit report that she could care less about

Someday that could come back to bite her, what if boyfriend leaves. Then what about when it's time for social security. Guess she's not gonna get that either. Good Luck to her.

[Snicks]

I don't agree with free College. First of all, that will just inflate the entry requirements for many jobs that have no need of a college degree. A college degree in turn will drop in value. And, in case anyone hasn't noticed a lot of jobs have left America. So, I don't think there is a huge market for all these degrees. And, the reality is that we still need people to mop floors and do those kinds of jobs. And, we know that people who are handed freebies do not VALUE them. People respect and value what they earn. Part of earning your college degree is coming of age in adulthood including the financial responsibilities and obligations that go with that. However, I do agree that schools have allowed tuition to explode while they seem to ignore how the world has drastically changed in the previous decades from our mobility to the internet, etc. The old model of the traditional calender and so forth seems to make less and less sense.

[LivingAlmostLarge]

I think a free AA degree or trade school would be fine. it would overall improve society by helping people get educated into careers without going to college but getting free training.

[Fishindude77]

I think a free AA degree or trade school would be fine. it would overall improve society by helping people get educated into careers without going to college but getting free training.

Getting into many trades is presently free, or nearly free.

[Snicks]

I have learned in life that there are motivated people and some who just Don't Want to. I have coached elem bball for years. Some WANT to. Some do not want to. No matter how much you offer, there has to be a WILL and a want behind anything in life. The saddest thing is to see people with innate talents who wont' apply effort. And, the true achievers in life are the ones with innate talent who put in the hard work, effort, sweat and discipline. You can give all the FREE FREE in the world, but if there is no force of will behind that it won't amount to a hill of beans. But, college is starting to break down. They are starting to eliminate entrance requirements, the SAT, MCATs, etc so we can award pretend to degrees to those who have done very little.

[disneysteve]

They are starting to eliminate entrance requirements, the SAT, MCATs, etc so we can award pretend to degrees to those who have done very little.

The main reason schools are changing entrance requirements is because study after study has proven that those tests are discriminatory. Whites do better than blacks. Rich do better than middle class, and middle class does better than poor. Those tests only reinforce college being primarily for upper class whites. Changing the entrance requirements opens up college to many students who didn't have access to it before.

[YULACU]

I support student loan forgiveness, but I'm biased. I'm about to have about $120k in student loans forgiven December 2020 if all goes accordingly. I'm an attorney who does public interest work. I estimate that I've paid between $30 and $35k on my loans during the past 10 years. Without loan forgiveness I doubt I would have been able to afford to pursue this line of work. I'm a first generation college student so I didn't have help from my parents to pay for college. I had some scholarships and graduated law school with slightly less than $100k in loans from undergrad and law school, but I would not have been able to afford that loan amount as a public interest attorney without loan forgiveness.

Public defenders, child protection attorneys, legal aid attorneys, etc do not make a lot of money, but they are a critical component our judicial system. If the government isn't going to forgive student loans they're going to have to increase the salaries for these positions to get people to take these jobs...so the public will pay for it one way or another.

[kork13]

I support student loan forgiveness, but I'm biased. I'm about to have about $120k in student loans forgiven December 2020 if all goes accordingly. I'm an attorney who does public interest work. I estimate that I've paid between $30 and $35k on my loans during the past 10 years. Without loan forgiveness I doubt I would have been able to afford to pursue this line of work. I'm a first generation college student so I didn't have help from my parents to pay for college. I had some scholarships and graduated law school with slightly less than $100k in loans from undergrad and law school, but I would not have been able to afford that loan amount as a public interest attorney without loan forgiveness.

Public defenders, child protection attorneys, legal aid attorneys, etc do not make a lot of money, but they are a critical component our judicial system. If the government isn't going to forgive student loans they're going to have to increase the salaries for these positions to get people to take these jobs...so the public will pay for it one way or another.

The difference, though, is that you're using the available public service loan forgiveness program (such as it is...I've heard horror stories about people getting disqualified for the most minor of administrative errors). You've served for a decade as a public attorney, which is admirable and appreciated. 100% agree with you getting your loans forgiven, and hope that it works out that way for you.

[LivingAlmostLarge]

Getting into many trades is presently free, or nearly free.

is it really free? Is it easy to get into without knowing someone in it?

The loan forgiveness program I've heard is a lot of people won't live in those areas no matter what. Especially rural areas that aren't great.

[Snicks]

is it really free? Is it easy to get into without knowing someone in it?

The loan forgiveness program I've heard is a lot of people won't live in those areas no matter what. Especially rural areas that aren't great.

What trades are "Free" to get in to? My son went to a Tech/Trade school and they had courses in welding, electricity etc. Yes, maybe you can just apprentice if you know the right people but mostly, to get into HVAC or any of those things they want you to have that trade school background now. And the trade schools here are NOT cheap by any means. Cheaper than 4 yrs of college, yes, still quite pricey in my State.

[mumof2]

I know a girl who had almost 100K in student loan debt due to changing majors and schools a couple times.
She never did graduate.

She got out of them by just going off the grid.
After her boyfriend got her pregnant she quit her job and became a stay at home mom.
Since they weren't married he filed taxes separately.
She had no reported income, so no need to worry about taxes anymore and no need for credit.
The lenders couldn't really do much to come after her or take anything from her.
She has a judgement levied against her on her credit report that she could care less about

That is fine but what if they split up and then has kids to look after, no real job propspects and really bad credit...so not an ideal situation i would think

[LivingAlmostLarge]

What trades are "Free" to get in to? My son went to a Tech/Trade school and they had courses in welding, electricity etc. Yes, maybe you can just apprentice if you know the right people but mostly, to get into HVAC or any of those things they want you to have that trade school background now. And the trade schools here are NOT cheap by any means. Cheaper than 4 yrs of college, yes, still quite pricey in my State.

How much was trade school? I have found the biggest handicap to trade school beside exactly what you said if you don't know people in the trade it's impossible to get in the union is that often times people cannot afford to take the time off to go to "school" and learn a trade because they are too busy working (waiting tables, uber, etc) and trying to live or support their families. I am all for grants and helping those of a certain income level to get a livable stipends so they can go to trade school and still survive without sutdent loans to begin with. Then they can focus and finish. Too many people drop out because they are too busy working.

[Snicks]

I am not interested in cosigning loans for my children. That is part of the problem. Parents are on the hook and sacrificing their homes and retirement to send little Johnny to college. I am only willing to borrow what is in THEIR name and I do not want to be on the hook for THEIR loans. Why should I be?

[Snicks]

How much was trade school? I have found the biggest handicap to trade school beside exactly what you said if you don't know people in the trade it's impossible to get in the union is that often times people cannot afford to take the time off to go to "school" and learn a trade because they are too busy working (waiting tables, uber, etc) and trying to live or support their families. I am all for grants and helping those of a certain income level to get a livable stipends so they can go to trade school and still survive without sutdent loans to begin with. Then they can focus and finish. Too many people drop out because they are too busy working.

It was $30k

[Petunia 100]

That is fine but what if they split up and then has kids to look after, no real job propspects and really bad credit...so not an ideal situation i would think

Absolutely. She has painted herself into a corner.