Higher payments is such bad news. This is ridiculous. Low pay, high cost of living meaning living in less comfortable places, inflation costs of food. Its like we are being punished for trying.
Sounds like they are saying the beatings will continue until obedience is given. I am just leaving the country not going to stick around and wait for this ship to sink to the bottom with hyperinflation and riots from social division.
Well, the current educational model is unsustainable; Federal Student Loan expansion ruined the markets. If they were all private; banks would charge 30% interest, which tells you they're a high risk investment.
The speaker obviously doesn't understand the issues that are affecting american company or how economics will be affected by a trump presidency. Even though I'm 75 years old, I voted for Trump and would vote for him again because. The democrats drop the ball on so many things , including coming through and student loans
Or, he could do what he did during his presidency. Appoint someone who is unqualified and basically leave education alone. It will be a huge can of worms if he tries to do anything with payments and will most likely be facing a fight from the NEA along with different states
I'm on step one of double consolidation for PPL's. Should I still choose the SAVE program when I get to the final consolidation? Is it possible Trump ends SAVE for new borrowers but anyone already in the plan stays?
I have no problem cleaning up the student loan mess weve created... lending 18 year olds 6 figure sums for economically unviable (aka worthless) degrees was dumb... BUT whats the first rule when you dig yourself into a hole? You stop digging! We haven't done that and come next fall a whole new crop of 18 year old HS graduates will head to college with federal loans for liberal arts and social science degrees that haven't paid off over the last 20 years.
When are we gonna hold companies and CEO's responsible? It's not the schools fault. They have to teach how to learn and study and help develop thinking skills etc because companies don't stick to one method in working. For example, if software engineer jobs just used Python forever as a programming language then the colleges would teach that and become relevant again. But companies don't do that. One year they will use Python and the next year they will c++. All for the Almighty dollar.
What worthless degrees? The one that I picked (and not forced on to me by someone else) is very useful and gives great returns that allowed me to quickly pay off the loan that I received, with the expectation that I’d pay it back.
Teachers,nurses, social workers have degrees and student loans. They need help as they aren’t paid well, but are much needed positions. As are many others. Your myth of “useless degrees “ is just that. The percentage of those is so low that it’s barely discernible.
@@AaBbCcDdEeF I didn't say all degrees are worthless (STEM, many medical, accounting) certainly aren't worthless. Congratulations you earned a worthwhile degree and paid back your loan. So you should also pay off someone else's student loan who got a music degree and now can't find a job in that field right? Oh and no doubt you'd encourage a new high school grad to do take a loans and do the same thing.. right? Again America.. stop digging the hole!
well that's a great start, but not quite far enough. let's go a few steps further: 0% interest. any derogatory information regarding student loans does not appear on credit report, and, student loans are eligible for discharge under normal bankruptcy proceedings, without the necessity to file an additional action known as 'adversary proceeding'. 25 year maximum payment terms. eg. a $90,000 loan at 0% interest over 25 years would equal a $300 monthly payment. no need for a gov't bail out (but nothing new here for our govt. if it is necessary to add that step in our calculations 😀). and remember folks. the villains here in this situation are the universities who have gouged students and parents with unscrupulous tuition costs and fees. those greedy b-turdz.
but, if you really wanna know what i think ~\;>) let's change the term of the loan to 20 years max, but keep the $300 mo. payment. based on that 90,000 loan, $18,000 gets 'discounted'...or if you would rather, 'cancelled' 'forgiven'. this would be in consideration of calculating the additional 'bail out' variable to the equation. to finish the math, that amounts to 20% payback reduction on the principal amount originally received. fair enough imo, considering that the federal government directly issued these loans themselves without proper vetting of applicants (and yes ANYONE could be approved, for the FULL amount the particular universities 'recommended' as long as there was no bankruptcy or foreclosure on the applicant's credit report, and even then one could file an appeal).
Higher loan payments=greater defaults, less homebuyers, less car buyers, higher credit card debt, increase health costs from financial stress burden, increased incidences of abuse. Domino effect coming.soon.
It means you're paying it back. You paying it back means less expendable income. You buying less things is a drop in demand which causes prices to drop. Prices dropping is good for the average person, but bad for people with assets, since their assets will no longer be increasing in value through inflation.
Since the Bush administration, they promised loan forgiveness to those who chose public service jobs and continued in those jobs working for non-profits and continued to make payments during that time. These aren't people who majored in lesbian poetry and are now working as bartenders. These are teachers, nurses, primary care doctors--who were lured into careers and shaped their lives around a promise from the US government. This is like pulling the GI bill from the military after they have done their time of service. Get your head screwed on straight--unless you don't think people should be doctors or nurses. I am sure that when you are sick, there is some sort of essential oil that will cure your heart attack.
The government wrote a contract promising loan forgiveness for 10 years of public service (teachers, primary care doctors, nurses, social workers). So since you think that contract is null and void I can just give my loans back. Fine with me. I'll take 0% interest.
This is completely unsustainable. Get rid of the Federal program or prices will just continue going up. Make student payments or interest any lower and inflation will skyrocket in housing and auto markets.
9:35 you should read about president calvin coolidge, his tax cuts which led to the roaring twenties, attracting more businesses to invest back into the usa, causing more individual spending, allowing more tax pool contribution. oh and with DOGE - Smaller government = reduced govt spending.
TRUMP IS NOT Coolidge....he is not cutting taxes for the working folks....he is imposing tariffs, which the people pay, to pay for those tax cuts for his rich friends....you have been tricked again...
The majority of this video isn't even about student loans. It goes into other financial topics. Did you actually watch it? Are you just being malevolently obtuse?
Nah, if you watched to the end, I discussed many different pros and cons. Realistically though, there are many negative repercussions to student loan repayment.
@@meaganmcguire5857 Yeah, and not dealing with the student loan crisis 'easing the payments' just translates to higher inflation everywhere else. This is not sustainable.
Higher payments is such bad news. This is ridiculous. Low pay, high cost of living meaning living in less comfortable places, inflation costs of food. Its like we are being punished for trying.
Extended tax cuts for the important wealthy though
Sounds like they are saying the beatings will continue until obedience is given. I am just leaving the country not going to stick around and wait for this ship to sink to the bottom with hyperinflation and riots from social division.
Well, the current educational model is unsustainable; Federal Student Loan expansion ruined the markets.
If they were all private; banks would charge 30% interest, which tells you they're a high risk investment.
The feds need to drop the interest so people can pay them off.
Lot of people going into retirement with student loans...sad.
The speaker obviously doesn't understand the issues that are affecting american company or how economics will be affected by a trump presidency. Even though I'm 75 years old, I voted for Trump and would vote for him again because.
The democrats drop the ball on so many things , including coming through and student loans
Higher payments won’t work during next inflation spike. If they keep cutting rates bonds will get shorted.
Or, he could do what he did during his presidency. Appoint someone who is unqualified and basically leave education alone. It will be a huge can of worms if he tries to do anything with payments and will most likely be facing a fight from the NEA along with different states
I'm on step one of double consolidation for PPL's. Should I still choose the SAVE program when I get to the final consolidation? Is it possible Trump ends SAVE for new borrowers but anyone already in the plan stays?
I would apply for IBR instead
@@meaganmcguire5857 Thanks Meagan!
I have no problem cleaning up the student loan mess weve created... lending 18 year olds 6 figure sums for economically unviable (aka worthless) degrees was dumb... BUT whats the first rule when you dig yourself into a hole? You stop digging! We haven't done that and come next fall a whole new crop of 18 year old HS graduates will head to college with federal loans for liberal arts and social science degrees that haven't paid off over the last 20 years.
When are we gonna hold companies and CEO's responsible? It's not the schools fault. They have to teach how to learn and study and help develop thinking skills etc because companies don't stick to one method in working. For example, if software engineer jobs just used Python forever as a programming language then the colleges would teach that and become relevant again. But companies don't do that. One year they will use Python and the next year they will c++. All for the Almighty dollar.
What worthless degrees? The one that I picked (and not forced on to me by someone else) is very useful and gives great returns that allowed me to quickly pay off the loan that I received, with the expectation that I’d pay it back.
Teachers,nurses, social workers have degrees and student loans. They need help as they aren’t paid well, but are much needed positions. As are many others. Your myth of “useless degrees “ is just that. The percentage of those is so low that it’s barely discernible.
@@AaBbCcDdEeF I didn't say all degrees are worthless (STEM, many medical, accounting) certainly aren't worthless. Congratulations you earned a worthwhile degree and paid back your loan. So you should also pay off someone else's student loan who got a music degree and now can't find a job in that field right? Oh and no doubt you'd encourage a new high school grad to do take a loans and do the same thing.. right? Again America.. stop digging the hole!
@@Robier1447 2/3 fields you mentioned are make work government jobs.
No COMPOUNDING interest! And 2% interest rates. No forgiveness, problem fixed.
well that's a great start, but not quite far enough. let's go a few steps further: 0% interest. any derogatory information regarding student loans does not appear on credit report, and, student loans are eligible for discharge under normal bankruptcy proceedings, without the necessity to file an additional action known as 'adversary proceeding'. 25 year maximum payment terms. eg. a $90,000 loan at 0% interest over 25 years would equal a $300 monthly payment. no need for a gov't bail out (but nothing new here for our govt. if it is necessary to add that step in our calculations 😀). and remember folks. the villains here in this situation are the universities who have gouged students and parents with unscrupulous tuition costs and fees. those greedy b-turdz.
but, if you really wanna know what i think ~\;>) let's change the term of the loan to 20 years max, but keep the $300 mo. payment. based on that 90,000 loan, $18,000 gets 'discounted'...or if you would rather, 'cancelled' 'forgiven'. this would be in consideration of calculating the additional 'bail out' variable to the equation. to finish the math, that amounts to 20% payback reduction on the principal amount originally received. fair enough imo, considering that the federal government directly issued these loans themselves without proper vetting of applicants (and yes ANYONE could be approved, for the FULL amount the particular universities 'recommended' as long as there was no bankruptcy or foreclosure on the applicant's credit report, and even then one could file an appeal).
That solves nothing; educational prices will go higher and educational standards will decline. Get rid of Sallie Mae!
Higher loan payments=greater defaults, less homebuyers, less car buyers, higher credit card debt, increase health costs from financial stress burden, increased incidences of abuse. Domino effect coming.soon.
Lower payments = higher student loan costs, higher home prices, higher car prices.
This stuff is unsustainable.
It means you're paying it back. You paying it back means less expendable income. You buying less things is a drop in demand which causes prices to drop. Prices dropping is good for the average person, but bad for people with assets, since their assets will no longer be increasing in value through inflation.
Prices wont drop with tariffs.
Oh no, people have to pay back the loans they signed to get 😢
Since the Bush administration, they promised loan forgiveness to those who chose public service jobs and continued in those jobs working for non-profits and continued to make payments during that time. These aren't people who majored in lesbian poetry and are now working as bartenders. These are teachers, nurses, primary care doctors--who were lured into careers and shaped their lives around a promise from the US government. This is like pulling the GI bill from the military after they have done their time of service. Get your head screwed on straight--unless you don't think people should be doctors or nurses. I am sure that when you are sick, there is some sort of essential oil that will cure your heart attack.
Don’t talk about things you don’t know anything about.
people need to repay their loans like everyone else, and cut the cost of indoctrination, oh I mean education
Were PPP loans repaid, you know the ones the rich politicians got?
The government wrote a contract promising loan forgiveness for 10 years of public service (teachers, primary care doctors, nurses, social workers). So since you think that contract is null and void I can just give my loans back. Fine with me. I'll take 0% interest.
This is completely unsustainable. Get rid of the Federal program or prices will just continue going up.
Make student payments or interest any lower and inflation will skyrocket in housing and auto markets.
9:35 you should read about president calvin coolidge, his tax cuts which led to the roaring twenties, attracting more businesses to invest back into the usa, causing more individual spending, allowing more tax pool contribution. oh and with DOGE - Smaller government = reduced govt spending.
TRUMP IS NOT Coolidge....he is not cutting taxes for the working folks....he is imposing tariffs, which the people pay, to pay for those tax cuts for his rich friends....you have been tricked again...
It means pay yo shixt. Saved you 14 minutes. RUclips is a cesspool of wasteful videos
Obviously, this video wasn't meant for you.
The majority of this video isn't even about student loans. It goes into other financial topics. Did you actually watch it? Are you just being malevolently obtuse?
@@quixotica726 “Malevolently obtuse” 😂😂 Ill say it again. Pay your bills. The end. There is nothing else that needs to be said
So basically you’re mad that trump got in and everything is just going to be bad? That’s overall what I’m getting here lol
Nah, if you watched to the end, I discussed many different pros and cons. Realistically though, there are many negative repercussions to student loan repayment.
@@meaganmcguire5857Many will women will have to turn to the pole and Onlyfans. This increases exploitation in a horrendous way.
@@meaganmcguire5857 Yeah, and not dealing with the student loan crisis 'easing the payments' just translates to higher inflation everywhere else.
This is not sustainable.