Mike Rowe DEMOLISHES Student Loan "Forgiveness" with Charles C. W. Cooke | The Way I Heard It
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- Опубликовано: 26 сен 2024
- On this episode of "The Way I Heard It," when he’s not writing his National Review column or rooting-on the Jaguars, Charlie Cooke is loving the Constitution he swore an oath to and loathing the proposed student loan transfer scheme he did not.
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If collages had to underwrite the student loans themselves, they would stop over priced degree programs for careers with no job future or decent pay. Some vocational schools already use this system.
I have been saying this for year. The #1 problem is we need to get the feds out of student loans and make colleges/universities foot the bill. The cost of tuition would come soaring down, and so would the admissions rates that are currently letting anyone with a pulse into college because the universities want the money.
Colleges*
@@cup_and_cone C&U's CAN'T foot the bill for their own tuition. That's like asking Target to finance a purchase of their goods. That is unsustainble... because they will have too many who CANNOT or WILL NOT pay that loan back.
Colleges TRIPPLED THEIR PRICES THE MOMENT THE GOVERNMENT BACKED STUDENT LOANS.
I've said for more than a DECADE: Government backed loans should stop. OR, We need a complete overhaul in the C&U's and how they educate students.
The College can establish a Core Curriculum, but Industry Experts should design the degrees. If a Degree does not have an ample supply of jobs that specifically use that degree: you can't use loans to pay for those classes.
I'll repeat that: LOANS CAN ONLY BE USED FOR DEGREES WITH A JOB SKILL INDUSTRY. ALSO THEY CANNOT TAKE OUT MORE LOANS THAN THE EXPECTED SALARY OF THAT JOB. OH, AND THE COLLEGE IS HELD RESPONSIBLE FOR THAT LOAN CEILING; IF A STUDENT GOES OVER, THE COLLEGE GETS FINED... by reapaying some of that loan.
In other words: colleges should be treated like Bar Tenders. Once a customer has reached their safe limit of Alcohol, the Bar Tender MUST cut them off. Colleges should be held to the same standards. Sure, they can sell their services and goods to students and parents, but they MUST BE FINANCIALLY AWARE OF WHAT THAT STUDENT CAN REPAY.
Let the college offer junk degrees for independantly wealthy folks who have more money than sense.
But for students who must take out loans, THEY CAN ONLY TAKE CLASSES AND PERSUE A DEGREE WITH A JOB SKILL. Basically: Banks and Financial instututions should generate lists of classes that loans will pay for; anything else, the student must pay for, or not take. The problem with that is: the Colleges will simply add these contentious, worthless classes to the Core Curriculum.
I have also been saying for more than a decade:
PUBLIC SCHOOLS SHOULD ONLY TEACH FACTS, AND LEAVE THEORETICAL TOPICS TO THE COLLEGES. No more history theory that ignores our REAL history. No more gender studies. No more DIE..ahem DEI training. You will NOT use that in real life. Teach Respect to all. That covers everything.
EVERYTHING IN PUBLIC SCHOOL SHOULD BE TAUGHT FROM A PRACTICAL APPLICATIONS. TEACH KIDS MATH BY HOW THEY WILL USE IT IN LIFE. Teach language, reading and writing by how they will use these as adults. Teach chemistry and physics using situations they will use in their life time. By the time a kid graduates high school, they should be ready to go to work, or to a school that will teach them a skill to get a trade that pays better.
WE MUST STOP PUSHING EVERY HIGH SCHOOL STUDENT INTO A COLLEGE PREP CURRICULUM. The execeedingly high drop out rate among the poor, is because they will NEVER use any of the stuff they learn in high school. A fouth to one half of our High School Students are NOT RECIEVING THE EDUCATION THEY NEED TO SUCCEED IN LIFE AS A PRODUCTIVE ADULT. College Prep should be ONLY for the most gifted academic students. EVERYONE ELSE SHOULD BE IN JOB SKILLS CLASSES, AND/OR APPRENTICESHIP CLASSES, OR TAKING PREP CLASSES THAT ARE DIRECTLY DESIGNED BY A TRADE SCHOOL.
College of the Ozarks in Missouri aka Hard work U- have program that graduates students debt free~
If there was a cap on the amount of money that the borrowers had to pay back, that might change things too, like x2 what was borrowed.
Edit: Oh, or if these graduates can't get a job in their field in lets say, 5 years the college/university is on the hook for paying the loan.
I went back to school in my mid 40's, and graduated in 2019. One thing I noticed that I don't see people talking about is that these kids are borrowing more than they need too. I saw this firsthand, and overheard a lot of them talking about this. What they do is they borrow as much as they can so they can keep as much of their cash liquid as possible. So while they rack up debt, they blow their cash on partying, trips, concerts, tech, tats, DRUGS, clothes, etc... So when we cover these loans, we're not necessarily paying off only tuition and books. We're also subsidizing the college lifestyle.
Great point. We are enabling the borrower by not requiring immediate payments and only the minimum necessary.
Exactly! I also know of students like this first hand. It's disgusting.
You took out the loan it's all yours
The argument Mr Cooke came out of the gate with: “it’s not forgiveness, it’s a transference of liability from the person who used the product to those who didn’t”.
Boom. Mike drop. Mind blown.
That’s the most succinct way to describe the concept that I’ve ever heard. Brilliant, sir.
No it's not. Those are complete and utter lies.
@@Mammon08 what’s the lie? That the person borrowing the money promised to pay it back, as a condition of borrowing? Or that the money is spent and someone must pay it back? Both of those concepts seem pretty factual to me.
Many of us already knew that it was transference of liability, but absolutely, great point!
@@Mammon08Why should those who did not take the loan, nor received the benefits of the loan, be responsible for those who did?
I'm in a difficult place because my trade school (2yr education) was paid for mostly by grants and state funding. I'm open to being brought into the fray on the debate but also don't expect anyone else to pay for my "F-150".
We need commercials where college grads say how much they owe vs. What their job is paying them. Along with trade school grads sharing how much they owe vs. What they are earning. High school kids need to be taught the truth.
LOVE IT!💯🔥
The ONLY organization that has successfully calculated ROI for such things are private banks.....
Okay I get way paying off student loans is bad. But can I ask WTF is it okay for Americans to pay taxes and pay for Europeans to have free college? Essentially when you spend 50% of the budget on military and it goes to nato and Europe pays nothing to nato essentially dumb American workers are paying for Europeans to have free college.
God forbid, the truth is not allowed in this insane left-wing, communist government!
When I was taking classes at the local community college, there were postings in the student center of jobs across the country with the degrees required for specific jobs along with the salaries for the jobs. ~ I was amazed that I was already making more money (in manufacturing) than what these jobs that required varying degrees were paying. (Associates, bachelor's, masters, and even some doctorates degrees.)
I paid mine off where is my refund?
We are the dumb ones for understanding what debt, loans, and interest are and making sacrifices to take care of it. There will be no refund…. And what about the tuition I’m paying now for my kids? More sacrifices while raising them to save for their future. I’m astonished that this may all have been a waste. I could have had my kids at a younger age, drove newer cars and had a nicer house, could have gone on vacations, etc. all this time. 😡
Good luck.
I’m a 20+ year ICU RN with a bachelors degree. I had an associates degree prior to nursing school and completed my bachelors 10 years after becoming a nurse, three degrees. I mostly paid as I went, but I had 18k in FAFSA student loans when I was done. I paid every damn penny off April 2020. This was after all of my children were grown and out of the house. It pisses me off to have other people get their schooling paid for.
With that logic, should i be upset at k-12 funding since i can't have children? And public roads that I'll never drive on?
@@sdm1568 no, that is a Non Sequitur Fallacy.
@@sdm1568 Do you eat? Any food you buy at a grocery store came on a public road.
@@sdm1568 😂😂😂
I earned a BSN through an accelerated second degree program. After the first semester a rep from the local medical center met us offered to cover the entire class's remaining tuition, a year of a fifteen month program, in return for a two year employment contract. I never would have taken it on if I couldn't afford it, so the offer was just free money. I don't understand how schools and banks are justifying pushing six figure loans on people just out of childhood who have no meaningful employment history and can in no way understand what they are getting into.
Profoundly common sense and logical. I am a college graduate who paid her loans off in 14 years and I cannot tell you how disturbing it is to have these snotty nose little kids in college expecting payback it’s disgusting and it hurts.
I agree! It is completely insane!
My father, the PhD and a qualified mason, told me that I needed to learn a 'trade' as well as go to college. He said both areas would help me to understand what others are experiencing. He taught history for 36 years, but built fireplaces and porches for his friends. Because of his commercial masonry experience in Washingtin D.C he was in charge of setting all the stone on a new building on campus.
He built 3 houses before his death at age 74. His classes were considered some of the best becase he approached history as what happened to people, and how that affected the world around them.
So I am a trained accountant, sort-of carpenter, sort-of tile layer, sort-of plumber, sort-of roofer, and now drive a truck. I, pretty much, can talk to anyone about anything because of my experences. I am not 'better' because I went to college, I just have a few more skills. That is the part that is missing for many graduates. They graduate without marketable skills, and do not have critical thinking skills. Bad combination.
Your dad was amazing! Three houses before age 74?
@@sarahm9723 yep. He laid 16,000 bricks in the last one. Not much for carpentry, but a heck of a mason.
@@davidherdman9798 Wow! Admirable family.
70% of the undergrad degrees offered by universities the student will never be able to get a job. The student ends up in debt with no way to repay, and a bad credit rating. What do we do, tell them to stay in college, get a masters, or PhD. Starting to sound like China now.
WOW!! I am trying to follow your father's trail blazing. I have some college, went to the Army and also make porches, decks, pergolas, asphalt roofing, metal roofing, drywalling, framing, so-so carpentry, fence making, workbench building (ones built into the ground with a vise), and even at one point making outhouses with solar lights inside and out with hand sanitizer dispenser at the client's request, plus many more simple ones for other rural homes that either don't have running water or for a back-up if their septic tank or water line has issues. I'm now trying to learn shelves and key holders for inside the home to sell at the local flea markets. For now, outhouses are the seller 😆
I have a neighbor whose daughter earned a bachelor's degree from a small private college in another state. She majored in Art History, but currently works in a local chiropractic office, which apparently she hates. She has over $120,000 in loans, so of course, she's living at home with her parents. THESE are the people who are being excused, and it's insane. She had 1000 options coming out of high school, but SHE made the choice to attend a private school, and SHE made the choice to study art... but I'M now responsible for paying off the obscene cost of her silly education? No... JUST NO.
Did you sell your soul?
**Get your nose out of other people's business, Wesley **.
Someone works ,
they studied in school, they live with family......
Q: HOW IS THIS ANY OF YOUR BUSINESS ?
A: NOT YOUR BUSINESS.
@@BeautifulSpirit-kf5ld The president made it our business.
@@cooperwesley1536 No, he didn't....your neighbor's daughter had PARENTS. They neglected their duty and responsibility, and now their daughter spent $120K of someone-else's money. In a WORKING society, neighbor's daughter would NEVER have had access to that money to begin-with.
@@BeautifulSpirit-kf5ldit IS our business if someone else is suggesting(or trying to insist) that we pay with our tax dollars, so someone else’s stupid mistakes. No loan forgiveness!!
Useless Degree. No one should get this degree unless they are paying for it
THANK YOU for pointing out that student loan "forgiveness" will not address the root cause of the problem; it will only perpetuate it. People point out the moral unfairness of student loan forgiveness (which is a legitimate point), but fail to realize that it doesn't solve the real problem.
I grew up in a neighborhood full of doctors, lawyers, corporate executives etc... And a plumber... He worked hard, started his own company and made as much as anyone... He also retired before everyone because his business made money whether he was there or not.... Smart man.
Smart and LUCKY. You can be the smartest, most creative, and intuitive in your field, but unless your timing is right, every decision you make will be wrong. No one is 100% responsible for their success.
Your comment makes me think you don't take much responsibility.. @@PawPawGreg
@@bfelb Interesting that is what you take from me advocating for help for those less fortunate. I am in a good place financially but I am not so oblivious to the world around me that I act like everyone has equal circumstances. Might be time to stop judging people based on nothing and start looking around at reality.
@@PawPawGreg no, smart and hard working was the correct answer.
@@bfelb From your statements thus far, those are two words that do not apply to you.
I paid my kids way so they could enter the workplace free and clear of student debt. We sacrificed, saved, put things off that we wanted to do with our lives (even medical stuff - like back surgery) so our kids could get through school with worthwhile degrees and not be burdened by loans after graduation. This forgiveness program is a slap in the face to anyone that worked hard like us. I am truly saddened.
The entire education system needs a massive overhaul.
Just defund the loans and it will fix itself
The government needs to regulate tuition cost to a lower and affordable amount for colleges receiving government backed loans and grants.
What’s has government regulated that made it cheaper and abundant?
Okay I get way paying off student loans is bad. But can I ask WTF is it okay for Americans to pay taxes and pay for Europeans to have free college? Essentially when you spend 50% of the budget on military and it goes to nato and Europe pays nothing to nato essentially dumb American workers are paying for Europeans to have free college.
@@ZER0ZER0SE7EN Not regulate tuition... Nullify costs. You in the end will get a happier work force that isnt forced to do something they regret 5 years later because there degree didnt allot them a job that can actually pay for there degree and a job that most of them hate and cannot afford to learn a new profession because they have to pay off there first regret and learned there lesson about going back to school. Instead settling for a lifestyle that they hate, but can survive and not live off of.
I know you guys were talking about the The price is of what that plumber would have to pay for his equipment. While I own a trucking company and one of my trucks, just a truck cost more than a house, a 4 bedroom, 2 bathroom house not to mention the trailers and insurance I pay Every month, so that during covid, we kept making sure that every store was stopped that every livestock animal was moved so that people could keep eating.. I paid for my son's education. Why do I have to pay for somebody else's.. Better yet, why should my son have to pay for somebody else's education..when he was going for his master's instead of me Having to pay for his masters, he went in to the military and served as a marine. This is called responsible and thoughtful and caring young man .. Who, by the way, watched all of his friends that went to college, and my son is thirty two now and all of his friends are sitting on their parents couch
Cool story, and I respect his decision to serve, but by doing his time, he got government dole too. Did you consider that? The government paid for his overpriced education, which doesn't actually solve the issue. It just moves the money off one ledger and onto another. His friends may be bums, but I bet they aren't actually lazy. There is a huge difference between being lazy and being discouraged, especially when work isn't nearly as meaningful or enriching as it used to be. I personally think they are right to feel discouraged. I just don't think they are handling it the right way. There is a middle ground here somewhere, and by that I mean we can produce enough food, shelter, and other necessities that not everyone needs to work. I also feel that everyone should do something in terms of work that contributes to society, but the majority of jobs today don't actually fulfil that premise. As a trucker, you understand how meaningful your work is. Now imagine working at McDonalds, and realize that after doing that for a week, you would probably want to shoot yourself in the face. Does that make sense?
The reason they are paying is to buy your vote.
Not buying MY vote..buying the vote of the stupid sheep who have the debt which will be forgiven.
This is it exactly
Not buying my vote, but yeah....
The sad fact is, even with a total failure of the student loan forgiveness proposal...the goal is still achieved.
Would rather have loans forgiven then send more money to Ukraine.
We need more Mike Rowes in this country, keep up the good work.
America is the laughing stock of the western world.
As usual, BOTH sides are focused on the wrong issue instead of the core problem: The reason student loans and tuition are astronomical is because the government is footing the bill. We need to get the feds completely out of the business of giving 17/18 year olds tens of thousands in federal loans and let colleges/universities bear responsibility for these loans. These colleges have no interest in whether a child drops out or graduates because they're not footing the bill, it's free money to them, so there's no incentive to ensure the student graduates and gets a useful degree. If colleges were responsible for these loans, tuition prices would drop to record lows and college admissions would go back to actually vetting students and letting in qualified candidates, .
Add the control the grants have picking which fields are worthy of gov. (Our) money. The gov. Prices non gov students out of the system.
Politicians who advocate paying student debt are simply attempting to buy votes. They don’t give a crap about helping people.
Best comment
And colleges would have more interest in helping students make wiser choices, instead of encouraging unwise ones, as is inevitable in coed dorms.
Exactly this! Once the schools get the money, there is no incentive to see to completion the gainful employment of the students.
As a veteran this plan really bothers me. I served 5 years in a time of war to earn my college. To give it away really diminishes the benefit I received.
Nobody should have to go to war to be able to go to college
No but theycan stayhome 2 years and save up. They will be more mature and know what they want to study
@@bluhturn1051 Nobody should steal money from those who did have to go to war in order to overpay for college. Nobody needs to go to an overpriced "Ivy" or Ivy wannabe in order to get educated, any more than you need a Rolls Royce to commute with.. but then forcing others far less fortunate to pay for your privilege is just plain sleazy. That's not even the end of it, tho, as those same spoiled grifters come back again to viciously denigrate and humiliate any and every one of those less fortunate for daring to try to stand up for themselves and say 'no'.
@@georgewagner7787 Post-graduate jobs can't pay for college tuition - what makes you think pre-graduate jobs can??? Some of you folks utterly lack critical-thinking skills.
It actually doesn't. It only diminishes the perceived value. I really don't understand people's aversions to helping their fellow man. Actually, actively thwarting others in many cases. It is very sad.
Crazy thing is, is that I am a HS drop out with a GED. I bring more to society than most college grads. The over 3 million truckers and myself are for the most part never went to college and provide more to this country than any politician. Mike loved your SkillUSA video.
Keep being a steering wheel holder. Good job
@@fun4225Did you eat today? Pretty sure that meal or part of it at some point came on a truck. It takes all kinds of professions to keep this world moving.
@@fun4225why are you even here? Go slither around with all your slimy friends, if you even have any.
@@fun4225geez man, you're disconnected from reality. I'd love for you to go down to a truck stop and say what you're saying in these comments. We all know you're too pu$$y though.
@@kroach2653that dude is talking sh!t but I just saw his videos of himself that he uploaded.😂😂😂 I can't believe he would have the audacity to speak when he's a failing homosexual asian tattoo artist. If there's one thing America definitely does not need, is homosexual tattoo artists.😂 We need truck drivers, brick layers, plumbers, electricians. Hard working men! Not some f@g who tattoos for a living.
When I retired, twelve years ago, I looked into helping at schools. I have a bachelor degree in math and a MBA. I taught several courses at the college level, usually computers for business majors. I was told that I couldn’t teach anything since I didn’t have a degree in education. My experience and the degrees I have mean nothing.
I got the same BS from my local school system that needed subs. I have three Master degrees in Electrical Engineering, Programing and Project Management and was told that I wasn't qualified to teach.
Keith
I know in Utah they’re letting people teach without necessarily having the right education degrees.
It’s like honestly college teaches you how to learn or that was my physics teachers key point.
My one engineering teacher was like ya an A student and a C student today will probably remember the same amount in 5 to ten years.
If you have an engineering or programming degree it’s like if you want to teach history or math they should let you. Just read the textbooks that force you to use and then teach. It’d be different if it was college level maybe but high school or especially middle school it shouldn’t matter
I have been told that the rules have been changed recently and that I wouldn’t need a degree in Education, just a couple of semesters training.
You must not be an activist. These professors only experience is activism. They don't want teachers with actual working experience, it might ruin their agenda of creating a perpetual brain dead army of protesters.
And you would have probably have been the BEST teacher for the job- coming from a retired K-6 teacher who also got a business degree. My best professors were the ones who actually had been out in the world doing business and then came back to teach... The worst were the ones who went from getting a degree to teaching with no other worldly experience.
I paid mine back, I don’t know why when there are so many going filled there are no excuses. I’m sick of these entitled whiners.
So of your alumni are all whiners? Why'd they go. Why pursue any academic endeavor if all the staff is tentured and decided hey the kids dont need my lesson for 8 months.
I guess the students are the assholes
You wont ever experience the real slush funds of academia. You went to college when tuition afforded you the privilege to have children out of wedlock and still own a home. Youre the real free loader. My generation wont even have a retirement age at this rate of canabalism.
@@RedWhiteNBladethe ones who feel entitled to forgiveness are by and large whiners
Wow this is exactly how I feel about the student loan forgiveness sham. Yes I had student loans but I paid every penny back. The very core of the issue here is the universities do not provide the final product that they are advertising that brings value to the purchasers. The universities, both private and public, should be doing the bailout.
We cannot expect colleges and universities to make good employees out of every person that walks through their door. Some succeed, some fail. The failures are out here asking for forgiveness. We can’t expect colleges to make everybody motivated, to transfer their knowledge to the workplace, have a good work ethic, to apply for jobs like mad, be willing to move for an opportunity, be able to interview and have decent people skills. There’s too many variables with the number of people coming through the college doors. If the government has to start paying for education, there needs to be a very strict acceptance criteria before they should even start. And then we’ll see how everybody loves that idea when they are deemed not college material. If you went to college, you will probably recall the people who you could tell probably were not going to be successful when they, and if they graduated. I can. There are also so many people who drop out before they even have a degree. We all feel entitled to a shot at higher education… some succeed and some fail at it. Should we pay for the failures?
My parents didn’t go to college. My Dad had his own auto repair shop; my Mom was a secretary for two different large companies. They worked hard and paid for most of my brother’s and my education. We had to subsidize their generosity with loans. We have both repaid those loans and never considered doing otherwise.
While I applaud your attitude toward your parents generosity, I overwhelmingly respect your sense of right and wrong by repaying the loans. Your actions are rare yet should be emulated by many more.
So if you had the cure for cancer you would say "I suffer through cancer, others should suffer too."? Not very sound nor humanitarian. Especially from a world power who prides itself on being a humanitarian country.
@@HomesteadViewin Go make another strawman, this one didn't hit the target.
@@HomesteadViewin If you're going to try the red herring/strawman deflection tactic you could at least come up with something remotely relevant. Your parasitic exploitation of actual cancer victims in order to try to cover up the outright theft of billions of dollars - taken under back-door shenanigans and used as graft merely to buy votes from willfully corrupted young degree buyers - is reprehensible. Worse yet it's not even clever..
@@HomesteadViewin That is nowhere even close to a good analogy.
What people don't address about student loans is the 5 star dining halls, luxury dorm rooms, state of the art rec centers, top level arena/stadiums. Why are we being forced to pay for a luxury college experience.
I have two ideas for making college cheaper. 1. Get government out of student loans. 2. Revamp the college system so students don't have to spend tons of money on classes they don't need for the major they are going to school for.
Or learn from Europe's free education system
Jordan Peterson is working on a university where you can get a 4 year degree for around $4k.
Hah, I wasn't college material. Dad wanted me to go. Amazed had to take gym class! For an Engineer degree?
@@mishasamorodin9150 lol, no we choose to do it the sensible way. Go away with your euro garbage, euro garbage.
Not relevant. Get rid of 90% of administrators. They cost more than the faculty and in many universities outnumber the faculty. Only two people are needed to run a school: a student and an instructor. Every one else is extra.
The problem with Student loans are you cannot refinance them when the interest rate goes down. I have been paying my student loans during the Pandemic pause. I paid off three loans. Three to go. But someone that has 8.9% interest on student loan should be able to lower their interest rate. You have to get a personal loan to lower it.
The rate is as criminal as the government backing
Exactly! And if you do refinance outside of federal loan to private loans And they do give students a break, You won’t be included because you have a private loan! They just don’t get it.🤬.
Worked with a foreign guy who was smiling that he only had 2% interest rate. DOES THIS MAKE SENSE MIKE ROWE?! U.S. Americans get this thrown in their face ALL THE TIME! Sick of it!
@@dustyflats3832If you listened to the conversation you would hear that was one of the main points. Transferring these loans to people who did not take them out won't fix the system. We should fix the system. Lower rates is a good start. So is making sure students truely understand personal finances and long term implications. More specialized and targeted training/degrees that take less time and cost less. Less built in costs for admin staff and supplementing sport programs, etc.
Wait, YOU had 6 Student Loans out at the same time? How is that possible? Why did you do that?
Mine was 9%, financed for 30 yrs and was structured so interest was paid 1st! When my youngest graduated HS I worked 2 FT jobs, quadrupled the payment and paid it off in 2 yrs. Worked that way for another 3 yrs and paid off everything except my house but did lots of needed home improvements as well as having a nice nest egg.
Make all those congressmen and senators and business owners pay back their loans they took out during the pandemic that would be nice too
Believe or not, that would be illegal. The government mandated the lockdowns and shut down those businesses. Expenses don't just go away when the government says you can't do business. Therefore, the lockdowns without the loans constitute a taking, and even with the loans, a lot of small businesses went under in the US.
Now, making US congress and high-level bureaucrats pay for it, that I can get behind.
Or force all the politicians that defaulted on student loans in prior generations pay them back at the same 6% rate cumulative. Oddly enough, many of them are the same ones that are fighting to pay back are the ones that skipped out. Maybe someone should ask why lenders were charging 6% when the discount rate was close to 0.
The worst part about PPP loans is that most of that money went to badly run businesses. The government made the mistake of putting the banks in charge, which of course only gave loans to those businesses with the highest debts (liabilities to the banks). Businesses with poor practices were rewarded with free PPP money they never had to payback, while good businesses who were financially frugal and responsible suffered and got nothing.
And while they're at it, make them pay their own way for healthcare and every other "perk" they claim
@fearnacar; Exactly; but also, Are these Guys OK with Biden going to UKRAINE to hand over More than $3 Trillion of the US Dollars to a man who is NOT a US CITIZEN and President of Another Country?? It seems they are OK with New York City Spending more of Our US Dollars, in the $Billions$ to Feed and Shelter a bunch [thousands] of illegals and President Biden giving freely $Trillions$ of Our Money to the president of Ukraine.
I went to college, got a degree, took out a few loans just enough to get matching financial aid, lived like a hermit with two other guys in a mobile home keeping the heat at 62 degrees, moved 1100 miles away after graduation for a job, worked 3 weeks before the company closed up and laid everyone off, and that was the end of my career in that field. Then I went to work in a chemical plant for the rest of my working days and did an apprenticeship to become an electrician. And while i was working in the chemical plant I paid off my loans for the degree I used for 3 weeks. While working in the plant I knew hundreds of other people that were just like me, either could not find work in the field they went to school for or couldn’t make a decent living in that field so the ended up in the chemical industry. The people in the education industry that are advising kids are the least knowledgeable about what is going on in the real world. Most teachers, professors, and politicians are absolutely clueless and yet they are the ones calling all the shots and it just doesn’t work!
The REAL issue is student loans. Before student loans tuition was affordable and loans weren't required. One could get an education while working a part time job, no debt. Student loans have severely increased tuition. When money is free tyition and expenses go up. Take away the loans, attendance will drop, tuition will follow.
I’ve never thought of it this way. Thank you for this perspective!!
Absolutely. More easy money available for students meant that colleges could raise costs. And build gyms and spas on campus to make naïve students think they are getting a luxurious great happy deal. Once it became the norm, people now just expect to spend decades of their life paying off non-bankruptable student loans, like it is just the natural order of the world. Students starting now have never having know a world where it wasn't so.
Another government 'solution' to a problem that never was.
Okay I get way paying off student loans is bad. But can I ask WTF is it okay for Americans to pay taxes and pay for Europeans to have free college? Essentially when you spend 50% of the budget on military and it goes to nato and Europe pays nothing to nato essentially dumb American workers are paying for Europeans to have free college.
@@johnmcbride364, More like the government creating a problem, so they can create a worse problem disguised as a solution, It's what the democrats do best.
I paid off my college loans but prior to paying them off so many folks inquire about the status of my children's college savings methods. I was very frank to respond to them that it was crazy to save for my children's education until I pay my own off! Now, my work place's union is in discussions to create their own loan forgiveness program. I was raging when I heard co-workers, 10-15 yrs younger than me, state that the company should pay off college debt to show their appreciation. My shows their appreciation every 2 weeks with a piece of paper they sign - called a pay check.
I had dropped out at 9th grade. Worked residential maintenance. Earned my GED, moved into commercial maintenance/management. Then industrial, where I finally have fought for a reasonable wage based on SKILLS and not book time. Now with inflation alone, I can’t afford groceries again. Now I have to pay for other peoples educations? I have fought for and earned everything I have. Now you want to take it from me.
Amen! I agree 100%!!! Thanks for speaking the truth. It's so rare these days.
I realized colleges could be a ripoff 25 years ago. My cousin got 'accepted' at a college after taking their 'aptitude test' . They recommended she become an accountant, so she signed up for 2 years. I know her very well. I'd be surprised if she could pass a 4th grade arithmetic test, yet the college accepted her and "helped" her get loans. She got angry at me when I told her she was being scammed. She didn't last 2 months but owed 2 years tuition. It's insane. She is a crazy mess today. Her and her husband work doing manual labor at a pot growing outfit in the middle of no-where today.
A less expensive method of determining enrollment. It would be for the educational institution to budget funding at least five books. These five books would be placed in every public library. These books are what the instructors agree are must reads. For pursuits directly related to their education. These books are not about finding a job, instead a knowledgeable understanding of what this education grants them.
A potential student will realize, before reading the 5th book. If they have an interest, talent, and understanding of the field of study. The focus of the education can, then be directed towards students with a basic understanding. Students that find no interest will quickly realize it, and can make an informed decision.
How about "colleges' stop ripping people off ? @@josephpurdy8390
You can do that online with an interest inventory
Perfect Example.
This proposal of Student Loan forgiveness is an absolute outrage and any politician not speaking against it should be voted out of office. PERIOD! And for the most part for most people, college is not only way over priced but not worth it. It's like using your credit card to charge a year's worth of wages and taking 30 years to pay it off, how much sense does that make. And more than half the courses they make you take are completely worthless and unnecessary.
You are one of my all time favorite people alive in the world today, Mike. I wish more people had the common sense and willingness to learn new things as well as knowing how to apply simple logic to every day problems like you do. God bless you, sir!
There is one thing more insane than loan forgiveness. Giving loans to people who don't understand what they're doing.
You don't have to "forgive" anything if you're not in-debt to begin-with......
I cannot get a job checking in books, etc at my local library because I don't have a college degree. It's ridiculous
You are expected to answer a lot of questions. The library has no way of knowing you can answer questions without a degree. The fact is they can hire someone with a degree so why hire someone without one? It’s competitive. I have a friend who is a librarian and he is getting laid off. Too many people want that job.
She's talking about staff not faculty. Circulation clerks aren't librarians. 12 years at a library here!
@@stevenjamessmith1 Mostly it's seen as a "stepping stone" for an aspiring writer until they publish that novel or short story that will be their big break.
Going through paying off your debts is a better educational experience than any school can provide.
I really hope people take heed. I paid my loans all by myself (well, parent's helped in first year). I think the colleges should be held accountable, because they aren't lowering their costs. Thanks Mike for showcasing these ideas. I pray everyone listens to you. You are also a smart person and we need more people like you. Thank you very much from Florida!
A friend of mine from grade school has a four year degree in history. He's been working for 44 years in an eyeglass shop ever since. His degree never got him anywhere. I'm sure his parents financed his education but why do people choose majors like this?
Let’s also consider, those that paid their student loans, and those that went to college and upfront paid in full. Many in the already paid category worked while attending school and extended their time in school. Will these people get their time or money back? - NO! But they will be required to pay for the student loans of others. Very sad 😢
Touche!
I paid for my school in full out of pocket but I’m not a selfish dick who thinks that just because I was in a privileged position to do so (working my ass off into my 40s to go back to school after being poor and not being able to go when I was younger) that those who can’t afford to do so should be forced to go uneducated or be left under a pile of insurmountable debt.
Don’t lump us together. We are NOTHING alike.
Righto - there are no good reasons to "forgive" student loans unless you want to buy votes.
Because fuck everyone else and especially those less fortunate than us...
We should have borrowed the max, not worked, and gone on spring break with all the people who are now paying the bare minimum and eventually getting it paid off for them. Life would have been more fun!
The thing no one talks about in this debate is the overwhelming amount of abuse of the student loan system. I was in college in the early 00's and there was HUGE amounts of abuse taking place. Many of my friends took out student loans that were far greater than what they actually needed for tuition, supplies and housing. They'd take much bigger loans so they could have party money. You could always spot the ones abusing the system. They had expensive wardrobes, and threw money around at parties/bars constantly. It happened a lot back then and I'm sure it still happens. They are the same ones crying the loudest about having their debt "forgiven". They never intended to pay it back in the first place.
Sadly...most of the student debt is held by us women. My husband and I each did our civil service... paid diligently for 10 years, then applied for the rest to be wiped out. We still paid a lot and lived on shoe strings and served in the military. Its disgusting that people who will have their debt dumped onto everyone else will never ever appreciate it.
Well, you agreed with the price for your education that's on you.
"sadly"?! So you're saying it's somehow worse that more women hold student debt than men? Perhaps if more women went to college to get degrees that are worth the expense, it wouldn't be such an issue...
Why didn't the GI bill take care of all of your education?
@oscarinacan We didn't take full-time classes to qualify for it all the time. You have to enroll in a certain amount minimum to use funding. We both worked because cost of basic living costs way more than a stipend.
@212caboose yes sadly because women are less likely to repay the loan and /or get degrees that will pay enough to repay the exorbitantly costs of college and/ or not finish because they have full time families to care for.
I paid off my student loans within two years. I'm now retired and on social security, and now I have to pay for these kid's student loans! This is total BS!😠
When most colleges receive federal funding and then over charge for education is messed up.
I would have no problem with the idea of zero interest on student loans.
But if they forgive student loans then I want my money back.
Me and millions of other people paid off our student loans.
If you have thousands of dollars in loans for a degree that you can't use how is that anyone else fault.
If anything it is the loan takers fault for not making sure there was a demand for the field they got a degree in. Second person to blame is the guidance counselor who didn't advise people very well.
Then there are those who have a degree and simply won't move to where the jobs are.
And if colleges can afford to build these stadiums that cost hundreds of millions of dollars. They can lower the cost of tuition.
The bigger picture you and others don’t get is no one can foresee the future-No One! AI seems to have done plenty of damage! And that’s just one scenario.
Love Mike Rowe. He's doing what high schools should be doing!!
My wife and I are in about $180,000 in debt from student loans, most of it due to her doctorate schooling. Forgiving a student loan is one of the stupidest thing I have ever heard. We had conversations before going into debt knowing what we were taking these loans out for and how we were going to pay it back. If you didn't think of that, I'm sorry but that's your issue and should not be transferred to taxpayers. Your actions have consequences. Hard lesson to learn but a lesson none the less.
Blah Blah Blah Blah Blah Blah!!!
@@12567NoYouCannot Well spoken. I'm glad you could include your well thought out, intelligent input to this conversation. Appreciate you.
@@KeeperOfTartarus14 The FACT that you two idiots even had access to $180K of someone-else's money is lost on you. You NEVER should have been allowed to borrow that kind of money to begin-with.
It’s seriously terrifying the state of our govt since really the beginning of the new millennia. The overreach and blatant disregard of our constitution and the separate roles and checks and balances built into our system.
It’s disgusting all these people that made bad decisions are allowed 0 accountability!
It’s disgusting.
@@harolddelaney9754 If he raised his kids right, they won't be applying for colleges to begin with.
kids arent thinking about debt, they just want to go to college. loans are too expensive. they target children. it is all around bad. the predatory loans are worse than the forgiveness plan.
Yeah I think he was a iron worker or something that doesn't count.
My nephew had his college paid for and still took out student loans for an expensive apartment and to buy a new car. Now he’s upset he needs to pay the money back. These kids are making bad decisions and should not be allowed to borrow all this money without an accounting of what they use it for.
SO, you would Say that the President of Ukraine was given "Accountability" after he was handed $3.2 Trillion of US American Dollars without ever having Contributed to the US Tax Payers Fund??
The basis of this conversation is that most people nowadays take the infrastructure for granted.
I am getting angrier every time I think of the college scam versus the honest trades, even though one of my granddaughter’s student loan would be one of the “forgiven”.
What exactly is the scam you perceive?
Only forgiven with YOUR taxes.
@@garywhitt98 when the student loans became guaranteed by the Federal Government, colleges skyrocketed their tuitions. THAT is why they are so high today. And the Fed makes those loans unforgivable via bankruptcy.
This is what happens when you plug in private services to a government cash cow.
@@Inquisitor6321 This is why so many young people are in debt. It is NOT why tuition costs are high. Tuition cost is high because of the increased services offered by colleges and universities. First, you must buy a Ph.D’s time for each class, about 60 hours of it counting grading, advising, class prep, and delivery. You must also pay for building and grounds maintenance. Counseling services. Safety officers. Technical services including internet, Wi-Fi, gaming and entertainment, servers, and software. Media Center services. Student special needs and accommodation services. Parking facilities. Health services…… and on and on. The variety of services demanded by today’s students were not offered a few decades ago. As services increased, prices increased. That’s why college costs so much. It has nothing to do with who provides the loan to the students.
Jacqueline, the trades are sorely overlooked, agreed. There is a dire shortage of plumbers, carpenters, machinists, mechanics and electricians and these are all fulfilling, honorable and lucrative career choices that should be considered. There are also grave shortages for engineers, architects, lawyers, doctors and teachers which a trade school cannot answer. Trades are education ALSO, not INSTEAD. Anybody in the trades that wants to advance needs management and budgetary skills that would require college courses. Not a few management positions require a degree. It is also a terrible waste of resources when smart and talented youth are held back from higher education because they can't afford college. Skin color or neighborhood demographics don't determine potential, but resources allotted to that child do. Don't get me started on the scholarship argument which is basically lotto methodology in education. We used to have the stories of people regularly rising from nothing to positions of prominence, now it is one in a million. The youth of our country are the greatest treasure we have, and we forsake our future when we don't do everything we can to bring them to their full potential.
When I was in high school, I started working for an electrical contractor. At 19 I was a journeyman electrician. While my friends were racking up student debt, I was making $40k/year. This was good in the 90's. I worked my way up and ended up an Electrical project manager at 28. I was making $80k plus at the time with no student debt. I am now in six figures and very happy.
When you take out a loan for $140k for a PhD in black feminist theory or a loan for $120k for a culinary degree, don't expect to depend on others to repay your debt. These were actual examples of some graduates complaining about not getting student loan relief from Biden. Kids do not look at what fields are in demand before choosing what to do with their life. A lot of college graduates end up working in a different field than what they studied.
The cost that University's charge is where the crime is. The same degree from 20 years ago is taught with the same materials and nothing has changed but my local state university has went from $672 for full time 12-18hrs to now $17,000 for full time 12-18hrs. Same study materials same grade requirements. 🤷♂️
Look at the climb in administrative salaries and coach's salaries and you will have your answer as to why the prices climbed this high.
when I left college, I worked two jobs for five years to pay off my student loan in full. I also worked part-time while in college (minimum 20 hours a week) plus full time in the summer. I have NO respect for those slackers who took loan forgiveness and even less for the Feds that forgave it.
Make college more affordable
It’s shocking how expensive it is in the US versus other countries. I graduated about 10 years ago a paid at most $5,000 a year. That included all fees, books and supplies.
This right hear is the answer. Education shouldn't put people in homeless shelters.
The best way to do that is for the gov't to stop subsidizing it and stop being the primary underwriter of the loans. Privatize the loans, no more federal guarantees on the loans for the lenders. Banks will be forced to assess the risk of the loans and likely decline I would guess at least half of the applicants, the amount of money that would be available to universities would shrivel up, the universities would then be forced to offer a product that people can afford, or go out of business. Employers would be forced to lower their standards for hiring in lower positions because there would be less college grads available, reducing the bar to entry in many careers. Ta-da, college degrees are a valuable commodity again, and you don't need a 4 year degree to be a Mc-Donalds manager.
Correct,
Public college used to be free
Colleges who charge $100 K or more for a worthless degree with poor pay prospects should be sued for fraud.
My wife and I saved and did without the fancy cars, bigger houses, and extravagant vacations in order to put our 2 daughters through university in California without a dime of student loan debt. Both daughters worked along the way to help pay their way and graduated on time. Both have great careers now as a result. Should we (and they) be punished for doing the right thing? We considered it our parental responsibility to cover those costs instead of letting them put themselves in debt for decades - and yet there is no talk of giving back to those who took their obligation seriously and sacrificed the present for the future.
Great point, on the same note, I started working at 15 because I come from immigrant parents who I knew weren't going to be able to pay for my college. I now manage a restaurant in Beverly Hills making 120k salary, I skipped college bc I couldn't afford it. I'm sure others are in the same boat with me, so I don't see how it's fair that I missed out and now I have to get taxed to pay for others college debt.
When did your girls go to school? As of right now, putting one child through a 4 year program for a BS degree will cost over $100k when you calculate living expenses along with direct costs of education. Middle class on down can not afford that no matter what they do. Be realistic. Your situation is unique to you and is not representative of the majority.
@@PawPawGreg well don't send your kids out of state, how about that? I'm going to be working on my Logistics degree at Santa Monica Community College at the start of 2024 and will be paying $5,000 each semester, not in including books so closer to $6,000. When it's all said and done, my bachelor will have costed me around $40,000-50,000. You make bad decisions as a parent and want to blame others for not wanting to pay your child's debt? I'm putting myself through school, I shouldn't be responsible for mine, AND your child's tuition.
You made bad decisions as a parent, you didn't save, you didn't put your child's future at the top of your responsibilities. It's a cold hard truth, but it's a fact. Nobody wants to pay for your child college, especially not those of us who were responsible and took care of our own business.
@@PawPawGreg nobody wants to pay for your child's philosophy/psychology/liberal arts degree.
@@PawPawGreg "no matter what they do" I can just yell you're a man that gives up when things are hard. Work 2 jobs, 3 jobs if you need to. Are your children not worth your extra effort? Are they not worth your extra hours of sleep that you might have to give up for your 2nd job?
I am a college graduate. An undergraduate and master degree in aeronautics and an MBA. I didn’t attend my first class until I was in the workforce for a decade and had a basis for what I needed the education for. No debt. Tremendous employment prospects. Better perspective.
A degree or two in professional activism right out of high school is a recipe for failure. No perspective outside of academia. Nothing to build skepticism about class material. Blind obedience to professors and peers that bakes in narcissism. Work experience should be a prerequisite to any post secondary education.
Let the prospective college student go up and down the street, knocking on doors and asking for money. If we eliminated taxpayer-funded loans, the price of a college education would plummet.
Don’t want them knocking on my door.
Definitely, get the Government out of the Student Loan business and prices will plummet. I totally agree
Let them work first. My father came from a poor family on the Lower East Side of new york. He was counting on the GI bill but the war ended when he turned 17. So he lived home for two more years and work full-time and saved up enough to go to college. He also worked during college.
@@hezmydaddyo2722You would have the pleasure of saying “no.”
Back when I was young, I went to trade school, to become a truck driver.
My student loan was for $8,000.
Once I started working in the trucking industry, I paid the loan off in 2 years.
My daughter went to college for 2 years, studying Liberal Arts.
The government gave her $17,000 for her student loans.
She now works at a grocery store, and has "deferred" her loan for 8 years, causing the loan to balloon to over $20,000.
She keeps voting the Liberal line, because they keep promising her, that they'll take care of her loan.
Her and her fellow employees, have forced the store to make their bathrooms unisex, and are also on the verge of being fired over their "Quiet Quitting" BS.
What's really funny, is that they refuse to go to managerial school, to become department managers.
The store got the bright idea, that they'd still make them handle the managerial responsibilities, while saving money, because they didn't have to send them to train, and they don't have to raise their salaries', because they're not considered managers, LOL!
I raised her better than that, and it's really just one example, of how Liberal schools have brainwashed these kids!
In fact, she has been so brainwashed, I wasn't allowed to attend her wedding, because of my old fashioned out dated ideals...
Paying off student loans is not the answer. Predatory lending an interest rates on student loans should be addressed. As long as you pay the loan back.
How about the student reads the contract before signing?! Yes- predatory loans are bad. But you know why they're a thing? Because people don't read and/or understand the contract that they WILLINGLY sign.
This kind of thinking is why people jump on the bankruptcy merry-go-round with loans and credit cards. Paying them off is not the answer, indeed! Let them take pennies on the dollar and I'll go right back to the well later.
@@212caboose BS, BS, BS, BS, BS, BullS, you are the WORST ENEMY of the AMERICAN PEOPLE with your IGNORANCE.
@@212caboose You are SO IGNORANT that Explaining to YOU is a Complete WASTE OF ENERGY & TIME.
"Predatory" lending rates on student loans is because there's absolutely ZERO that a bank can do to a student who doesn't pay their loan. They can't repossess their education like you can take a car or house.
Good to know it has been demolished. Now maybe it won't ever happen again, thanks to you, Mike Rowe.
Well, if people are going to college, they should be smart enough to know they got to pay the money back.
quite the intellectual response, you must be the smart one in your friend group.
@@Indewolf Is he wrong though?! No. He's not.
One argument for college debt forgiveness is that it can help alleviate the financial burden on individuals, enabling them to invest in other areas such as housing, starting businesses, or saving for the future. This could stimulate economic growth and reduce wealth inequality by providing a fresh start for those burdened by student loans. Additionally, it might encourage more people to pursue higher education without fear of crippling debt, ultimately leading to a more educated workforce and a stronger economy.
@@IndewolfPeople who could nor afford & didn't go to college should NOT be forced into paying for those who did, PERIOD.
AMEN! Thank you !
I joined the Air Force at 19 to start making something of myself. I earned every benefit I was given. I was paid far far less than someone doing my job as a civilian. My basic pay was fully taxable. It just dawned on me that I not only didn’t get a free $100,000 for college, I also HELPED PAY the $100,000 loans that so many people now want to default on.
Great schools offer scholarships but most don’t even come close to the actual costs of college. Working helps. Tuitions are ridiculous in many states. How can a college justify charging students more than $6,000 per quarter just to attend class? That’s the state colleges to say nothing about the private colleges. The folks making the money on this system are the loan brokers.
The best I would possibly do on student loans is to restructure the loan to low interest or zero interest. They took out the loan, and they should repay the damn thing.
When I was laid off back in 1997, out of regular work for 10 years, they kept penalizing me with fees, when I started to work they garnished my wages.. after I got laid off the second time 9 years later I had to cash out my 401k to pay it off. I had to work twice jobs just to survive... where was my loan forgiveness.... nadda, zip! They got the loan, then they pay it off like I did.
I’m a retired union plumber who paid my dues. Took 5 years of school to learn my craft. No one paid for my school except for me and my brothers. I made a good living with a retirement for our family and me. I had numerous licenses as well as a master license. My children have seen both sides. One son is in IT. One is a steam fitter and my daughter went to college got her degree in advertising pays her loans and they are all productive members of society. Why should I or my children pay for someone else who got a degree that won’t pay for itself? I pay the loans I sign shouldn’t they pay for theirs.
Except business owners did get a bail out. PPP loans. My friens owns a small bookstore and he got a pretty large "loan" that he never has to pay back. He didnt need the money. He just applied for it and they sent it. It was essentially just spending money that was put in his pocket.
Oh yeah, I know someone who owned a machine shop making gears for specialty applications, like valves for the oil and gas industry. He was the only full time employee and his business never had a setback. His wife, who did the accounting, applied for a "loan" and one day he told me the government gave him $250,000 and he didn't know how he was going to spend it. He was going to hire me. Sadly he died. The wife sold all the assets and eventually the "loan" was forgiven. She is retired in Florida now.
My daughter is currently in college, using her GI Bill. There is a way to go to school but young kids today don't want to put in the effort. They'd rather borrow and then throw a fit when the bill arrives, then expect the gov't to "fix it" for them.
I paid my loans. No one paid them off. I signed n agreed to the loan. Why should someone else have to pay my obligation. Insanity.
Yeah, and You also have Given More than $3 Trillion US Dollars to the President of Ukraine, $500 Million to the Dictator of Venezuela, $200 Million to the Leader of Afghanistan, and $8 Billion US Dollars to the illegals who recently Arrived in New York , and I don't See You here COMPLAINING about The Atrocious Amounts of MONEY, from the American Tax Payer's Money that is being thrown DOWN the DRAIN for foreigners to ENJOY.
Sound like jealously, i bet you were one of the people who paid their loan exactly one day before Biden’s announcement 😂
@@angkhoa1216 lmbo. Try couple decades ago. I pay my debts. On time. As I gave MY WORD I would do. But my WORD means something. It is honorable. Something you probably don’t know anything about.
Yet another reason I hate politicians.
The biggest problem of all, is that the continued government intervention in universities has only made them more expensive, not less, and this will do the same.
On top of that as you alluded to, so much of k-12 school does nothing BUT "prepare" you for college and basically nothing to prepare you for the real world. School teaches you how to take tests, which is only relevant in school.
The problem with college is that, when I was going to college, I was able to work part time at Disney World and put myself through school without having any student loans. Yes, it was hard work, but it taught me that success is obtainable. When the students were paying for their own tuition, the colleges had to price their fees so that people could afford their services. The problem arose when we had a third party paying for the college tuition. Kids could finance their spring break, and not have to worry about it until after they graduated. Since there was no incentive to hold down the fees (because the payor didn't care) college costs skyrocketed. If they stopped ALL student loans, except for special circumstances, colleges would adjust their costs so that people could afford it.
The other problem is that colleges are offering degrees in fields where there is no demand. I used to sell to contractors and subcontractors. A lot of them are getting up in age, and instead of handing the business off to an apprentice, or manager, they are just closing up shop because kids want a college degree, and don't want to get their hands dirty. Well, here is a fundamental truth. People will ALWAYS need carpenters, plumbers, HVAC guys, and electricians. The tradespeople do the work that people need, at whatever price they charge. (Disagree? If your air conditioner breaks down in July, in Florida, are you going to price shop or wait a few months before you get it repaired?) The tradespeople are going to vocational technical schools, and they are getting a "career in a year", that will pay them twice as much as a college graduate.
Who needs a "Gender studies" major when your air conditioner is on the fritz?
Why should tradespeople pay the loans of someone that agreed to pay back a loan, and welched on their promises?
Let the superior college students use their knowledge to pay for the education and other stuff they bought on time.
So, You Consider Educated American Citizens inferior than the Ukrainians, the President of Ukraine, ALL the illegals that enter illegally in the US, the President of Venezuela and the Leader of Afghanistan WAY ABOVE in SUPERIORITY to the US CITIZENS, because IF you would be Educated enough; You would know the $TRILLIONS$ of US Tax Revenue DOLLARS that have been given easily and freely to ALL these countries and people mentioned above. The US lost count of the Trillions and Trillions that it EASY and FREELY Gave to all those countries and people mentioned above; while Starving of an Education and healthcare its OWN CITIZENS. Smarty Pants.
You Apparently Hate the American People and Are their WORST ENEMY.
Mike is absolutely correct, it can't be described in any more certain terms... total insanity!
Among other things people need to learn in becoming adults is "to be responsible".
This includes being financially responsible ... living within one's means, making sacrifices that are needed, and completing your duties, including repaying loans.
If our brightest, who are going to college and incurring student loan debt, are not understanding their obligations, (and repaying them), how will our lesser lights figure it out?
Seems like a lot of former students have cause for a class action suit for colleges who said "The cost of this diploma will be offset by future greater earnings."
I worked full time and went to college part time and paid my own way through college, no loans, no scholarships, no aid, all me. If I didn't have the money to go to school that semester I didn't go. Then I saved and put 2 children through college. They had a very small amount of debt when they graduated that they paid off.
Now I'm supposed to help pay for someone else go to college.
I friend's husband went to college in his 50's through student loans. He received a 2 year degree that he's not even using and when they were not required to pay during covid they did not. Now he's received some "relief" due to his age.
I am so tired of the entitlement mentality in this country today. I had a very challenging childhood. College was not an option for me at the time. Despite the significant challenges, I worked hard, educated myself, and ultimately became quite successful.
The income tax is unconstitutional in the first place. The Supreme Court have multiple rulings that state so.
I went to 4 yrs of college earning my RN degree. I did not accumulate a single dime of student loan debt. I used my GI bill, scholarships and tuition reimbursement programs if I worked for a set amount of time with the VA administration after graduation. I ended up retiring from the VA, working for them far longer than the agreed time period. There are many ways to get a college education without accumulating debt.
The government already pays a lot for college students with Pell Grants, Tuition tax deductions, state tuition assistance for state universities, tax free holidays for school supplies and clothing.
Loan forgiveness seems unfair. Why let some get off when so many others have had to work to the bone to pay it off? We're in an age of "me me me" and nobody wants to do it themselves. You make your cake you eat it too
Right on! People know what they signed up for when they applied for the loans!!
Very intersting conversation Mike. I too am concerned with the underlying message sent with the prospect of this concept.
I had college loans because my family couldn't help pay my way to geta teaching degree. My federal loans were even part of a program that would 'forgive' the cost in exchange for working in Title 1 schools for 1-2 years per semester paid. Unfortunately, congress never allocated the funds for this program, and when they did it was only applied to new loans after that date.
I have paid all my loans off. It was hard, but its been done.
Honestly it doesn't sound like this plan is going to do anything beneficial for America. I hope that something can be done to find a plan that either offers funding to help all students, treating those learning trades the same as those getting college degrees, or perhaps putting the money into something that could have a greater impact on more people.
I joined the army...seen the world..gulf war vet..been on my job for 32 years..never used my army college fund..GED..made $98xxx last year..no college debt.pay your own debt.
It is insane . I paid my loans in full . These lazy young people have no clue and think that everything is owed to them . They need to get a job and pay for their responsibilities . They will never learn to be responsible . Its not the tax payers job to pay their debts . Also try getting useful degrees .
Everyone can file for bankruptcy, unless its a student loan. Do what you want, but don't ever say this is fair and just. Please, just let us go bankrupt.
When i bought my truck and my house i signed a bunch of paperwork agreeing to pay back the money the banks loaned me for them. The government has no business "forgiving" any loans, you signed the line, you owe the money, period.
Were you still in high school when you made those decisions?
@@UrPartnerInCrime Doesn't matter, I still assigned on the line and agreed to pay it back.
@NavyGuy2OO7 It makes a world of a difference. I assume you had a job at the time of signing, and generally understood the value of a dollar. Well when I signed up for college loans, I had no time for a job with advanced classes and after-school sports. Luckily I had scholarships to pay for a lot of it, mainly football and Boy Scouts (our troop had tuition assistance if you made Eagle, which I did).
Many others were just as swamped but didn't luck out as much unfortunately. Kids still generally under the protection of their parents and other trusted adults telling them to sign cause "it'll set you up for a better life. It's the right choice to make."
And they were (most of the time unwittingly to their parents and trusted adults around them) lied to. And now it's their fault. For shame older generation. Why don't you want to help us?
@@UrPartnerInCrime Again, it doesn't matter, YOU signed on the dotted line agreeing to pay the money back, nobody put a gun to your head and forced you to take out a loan for a piece of paper in a field that may or may not be in a marketable skill. I would agree that people need to be more informed, but that doesn't mean that everybody else who didn't have a hand in it, had nothing to do with what you did or didn't know at the time, and in fact may not even know you exist or had a student loan in the first place, now has to pay for your mistake. YOU signed the paper, YOU pay it back, that's how the world works, personal responsibility my friend.
@NavyGuy2OO7 so you're just as fine with bailouts to failing companies that make sure the CEO is then saved? You're fine with the internet companies stealing a billion dollars for upgraded internet for nothing to be done? They had contracts where they signed on the dotted line, but they were fine.
All that is OK, but fuck the kids though.
I'll make things very simple: If the person can do the job, screw the "need" for the degree!
My wife and I both went to university. We had some loans we worked, we lived on a tight budget (still on a budget), we drove old cars (still do) and paid off our investments in our education. I'm an engineer my wife's a teacher. It is COMPLETELY WRONG to push these loans on to the American taxpayers. All we're seeing here is vote buying...tragic situation.
the 500 down votes are kids with loans CRYING!
It is appalling to waive anyone's loans that they signed and agreed to pay for on the dotted line. I paid all mine back, so should they. College is way too $$ no doubt about that but to just waive their billions of dollars, DUMB!
College is expensive BECAUSE of federal student loans. It's guaranteed money. With the student (and taxpayers) footing the bill regardless of whether or not they graduate.
And what about the students loans that are being paid off by people working long hours in hard to fill positions to get loan forgiveness? They work long, hard hours to pay off their loans and now people sitting in their parents homes with no jobs doing absolutely nothing to earn a living, get forgiven???? NONONO
It’s not up to the government to bail out Stupidity; these Students need to own it. I’ve seen many students at Universities going for BS Degrees and partying their ass off; living the “college life” all on student loans. Only a few responsibly pay their debt for the education received. I am sick of the entitled !
Don't expect 17-year-olds to make intelligent decisions - these kids had PARENTS. Where are they in all of this?
Labeling college as a flawed tool is like a person who buys sandpaper to clean their windows and complains about the results. A degree can open doors but the person obtaining the degree has to make sure that door is going to be beneficial and worth the cost. I went back to school in my late 30s and saw kids who didn’t have a clue how much they were borrowing or what it would mean, no clue about the career they thought they were pursuing, and who used the loans recklessly. How reckless? Not bothering to work at all while going to school so they could borrow less, using loan money to buy luxuries like tvs, cars, and vacations to the carribean. The government has fueled rising tuition by flooding the market with cash and buyers. It’s very simple.
Im sure not of these people had to pay close to 100 thousand when they to college
That already happened when the supreme court gave the power of law to executive orders.
I opted to not get student loans and worked off my tuition by having three jobs while attending college. College is kind of a scam, too. I have a degree, but can't find a well enough paying job in my field. Therefore, I am a skilled laborer. I have worked very hard and have followed what my parents have taught me, work hard and never call in to work. But, even that isn't enough anymore. The world has changed and will keep changing too fast for any youngsters to keep up. Reform is needed.
We were all told LIES! The best thing to tell anyone of any age is they won’t make anymore money going to college Unless it is a skilled trade or professional degree! That should be Rule number ONE to learn.
If the argument is that the students were lied to, and ripped off somehow... Then make the liars and those who ripped them off, pay for it. Not the taxpayers who had nothing to do with it...