Student Loan Forgiveness

[::: :::]

mrs ::: ::: thinks the gov should provide more in both subsidized and unsubsidized loans
i think that just provokes tuition bloat to soak up the aid

it does seem the academic market needs some management/regulation to discourage tuition bloat & what is effectively profiteering, for lack of a better word

one idea: eliminate the non-profit status of institutions that aren't serving their students with aid appropriately (ie, not overpricing tuition to see who can get loans to pay it & then just to cut it when convenient to capture a desirable student).

Another target for profit/taxable status: major athletic programs that are making bank on their TV contracts. When your football coach makes 2-5x or more the Uni president, something is really off. Or if the top 3 state employee contracts are all college football coaches (AL). I suspect this isn't most higher ed institutions, but it may capture a good percentage of the best known national football programs.

[Mustonen]

Honest thoughts in how the loans are structured.. Should the offspring of people earning $300K+ a year and/or with over a million in the bank get the exact same loan structure and interest as a kid growing up in the projects or in foster care?

Yes. Make the guy pay taxes. That’s how this shit is paid for.

[SumJongGuy]

Higher education (and healthcare) should be more like lower education.. LESS PRIVATIZED and more publicly managed. Start with public student loans that are ridiculously better deals than private/commercial loans are. They should come with a lot more strings attached though. If you drop out or use the funds for anything but tuition, required textbooks/supplies, etc. it gets turned over to the credit card predatory shysters. Not sure about housing...

[californiagrown]

So all student loans should be subsidized? I agree in subsidizing them in some way, I just think it’s interesting how we twist ourselves into pretzels to make it happen.

Yep, the interest rate would be subsidized, and a hard cap put on tuition for any school receiving public funding, only allowed to increase with inflation or through legislative decree.

[californiagrown]

Another target for profit/taxable status: major athletic programs that are making bank on their TV contracts. When your football coach makes 2-5x or more the Uni president, something is really off. Or if the top 3 state employee contracts are all college football coaches (AL). I suspect this isn't most higher ed institutions, but it may capture a good percentage of the best known national football programs.

The coaches thing can happen now with NIL payouts. their public salary will be that of a professor, and the rest of Saban's salary (as well as his coaches) can come through NIL deals with boosters.

[dunfree]

mrs ::: ::: thinks the gov should provide more in both subsidized and unsubsidized loans
i think that just provokes tuition bloat to soak up the aid

it does seem the academic market needs some management/regulation to discourage tuition bloat & what is effectively profiteering, for lack of a better word

one idea: eliminate the non-profit status of institutions that aren't serving their students with aid appropriately (ie, not overpricing tuition to see who can get loans to pay it & then just to cut it when convenient to capture a desirable student).

Another target for profit/taxable status: major athletic programs that are making bank on their TV contracts. When your football coach makes 2-5x or more the Uni president, something is really off. Or if the top 3 state employee contracts are all college football coaches (AL). I suspect this isn't most higher ed institutions, but it may capture a good percentage of the best known national football programs.

The vast majority of athletic programs lose money, and the few that do make money often subsidize the rest of the athletic budget. With the caveat here these are nonprofits and setup to not really account in that way.

[Mustonen]

Double post weirdness.

Somebody check the box fan.

[dunfree]

The coaches thing can happen now with NIL payouts. their public salary will be that of a professor, and the rest of Saban's salary (as well as his coaches) can come through NIL deals with boosters.

Isn’t that what it is for many now? Jimbo Fisher made $236k from FSU in 2016, boosters coughed up the other $4 million plus. Iirc for many other coaches the details are the same. It always gets reported as $x million, but often it’s $a+$b+$c = $x and those pots arent the same. Boosters might pay for jet travel or other perks.

[Meadow Skipper]

So all student loans should be subsidized? I agree in subsidizing them in some way, I just think it’s interesting how we twist ourselves into pretzels to make it happen.

Yes. Make the guy pay taxes. That’s how this shit is paid for.

This. My solution to this and many other govt funding issues is simple - raise taxes, probably a lot, on rich folks.

I’ll go sit in the commie corner now.

[MagnificentUnicorn]

Or you could just make sure that rich people pay taxes with no deductions like us lower income people


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[Meadow Skipper]

Or you could just make sure that rich people pay taxes with no deductions like us lower income people

However. Clearly I’m not into details. Just get rich people to pay full taxes, like their employees do.

[Conundrum]

I thought maybe some useful industries or jobs might get listed but this list is borderline retarded

Your ability to follow a thread is retarded. One guy says it's not possible to make $200k+ without owning a business or getting a four year degree. I list real life examples of industries or gigs where I personally know people who have made $200k+ without owning a business or getting an undergrad as a jab. It's summertime on TGR.

JFC, I'm not recommending that 18 year olds should skip college to gamble because they'll be better off. I'm not surprised one statement to one guy is a blanket recommendation for all kids to skip school, be exceptional, and realize that not every one of them is a special snowflake here in the padded room.

Yeah, cost of education now is a hamstring getting pretty tight. Student debt is a symptom. Going to be really neat to see future generations either broke or too dumb to add much value. I don't have an answer but we should certainly keep quoting posts out of context to find out what won't work.

[mcski]

Even w that aside, you’re examples are still retarded. If you wanted your point to be salient, list examples that are realistically attainable, not outliers. Of course there are tons of people making 200k per or more without a college degree but saying hey, I know an athlete making that much is just fucking stupid. I know a drug dealer than makes that much without a degree, but I’m not gonna list him as an example, even though his job is way more attainable to get 200k for the first average Joe than most of your examples. So never go full retard. Even tho rainman made that much in Vegas

PS - your list responded to my post. So who’s the one that can’t follow the thread? Lmao

[El Chupacabra]

For those of you who responded saying "I know X # of people who earn more than $200K (or whatever amount)" - how do you know?

I don't think I know what any of my friends earn. I can take a wild ass guess at some (eg medical doctor), but in general...?

[I Skied Bandini Mountain]

As for construction supers or project managers working for the companies and types of projects that pay $200,000/yr salary, not having a 4 year or more degree in a related field would be about as common as being a starting NBA player.

Even the nepobabies in the large, family owned outfits I've worked with have had minimum 4 year degrees and often more and they grew up in the business.

So knowing of one would be about as useful to the topic as knowing of someone who fucked a super model.

[MagnificentUnicorn]

Even w that aside, you’re examples are still retarded. If you wanted your point to be salient, list examples that are realistically attainable, not outliers. Of course there are tons of people making 200k per or more without a college degree but saying hey, I know an athlete making that much is just fucking stupid. I know a drug dealer than makes that much without a degree, but I’m not gonna list him as an example, even though his job is way more attainable to get 200k for the first average Joe than most of your examples. So never go full retard. Even tho rainman made that much in Vegas

PS - your list responded to my post. So who’s the one that can’t follow the thread? Lmao

Since you opened the door with your first sentence, shut the fuck up retard. There’s so much stupidity in this thread. I’m right you’re wrong, so there. Lot of miserable cunts in this thread, and yes you can include me.


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[I Skied Bandini Mountain]

I'm not miserable.

[Rasputin]

Hmmm....I can say with certainty, that during the entire decade in which I made payments that qualified me to have my student loans forgiven, as part of the Public Service Student Loan Forgiveness Program, I did not bring home $200k, I don't think I even grossed that much.

[MagnificentUnicorn]

I'm not miserable.

I’m not either but I just wanted to put that out there in case one of the “retards” had a retort.


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[SumJongGuy]

However. Clearly I’m not into details. Just get rich people to pay full taxes, like their employees do.

Root Cause Analysis 5500 A+

[Mustonen]

For those of you who responded saying "I know X # of people who earn more than $200K (or whatever amount)" - how do you know?

I don't think I know what any of my friends earn. I can take a wild ass guess at some (eg medical doctor), but in general...?

Yeah. How does that come up?

[SumJongGuy]

Yeah. How does that come up?

When half the household has worked in HR and payroll for over 30 years.. My wife and kid can see what thousands and thousands of people are paid. I did it at Nortel for a bit too in between my sales/marketing and business operations gigs

[Mustonen]

That isn’t “I personally know people.” I work with plenty of salary data and $200k plus isn’t common. It’s less common in non-professional roles outside of business ownership.

Offering exceptions to counter the rule is stupid, though.

[bodywhomper]

$110/hr is what some of the VPs make in the engineering company where I work. Most VPs (and all non-VPs) make less.

I don’t know how this thread has drifted like this…

$200k/yr is about $97/hr.

At the engineering company that I work for, that is VP level. Some VP’s in high cost of living metro areas make less. Many VPs in lower cost of living areas make much less. I know this because I am a project manager. I see raw rates of staff and those in leadership roles that are on my projects or proposals.

[californiagrown]

I don’t know how this thread has drifted like this…

$200k/yr is about $97/hr.

At the engineering company that I work for, that is VP level. Some VP’s in high cost of living metro areas make less. Many VPs in lower cost of living areas make much less. I know this because I am a project manager. I see raw rates of staff and those in leadership roles that are on my projects or proposals.

Even with bonuses/profit sharing your senior PMs weren't sniffing 200k?

While I agree that none of the folks I mentioned make $97/hr, none of those folks work 40hrs/week either... Probly closer to 50-55, which is a more realistic $70/hr (assuming no bonuses).