Student Loan Forgiveness

[Buster Highmen]

The private student loan market isn’t and hasn’t been very big for a long long time.

OK.

" From 2010 to 2013, when students began to shoulder more and more debt, Sallie Mae’s profits were $3.5 billion."

The point being that SM, a banking institution, leverages the fed loan guarantee. So, yeah it's not 300 billion, but it's still a bankers dream.

And yes, I know you're a banker, so I'm not too surprised.

[Mustonen]

I don’t think pointing out inefficiency in higher education is anti-intellectualism.

Unclear if this is directed at my comments, but I wasn’t drawing that equivalency at all.

[Mustonen]

OK.

" From 2010 to 2013, when students began to shoulder more and more debt, Sallie Mae’s profits were $3.5 billion."

The point being that SM, a banking institution, leverages the fed loan guarantee. So, yeah it's not 300 billion, but it's still a bankers dream.

OK.

If your name is Sallie Mae it’s a bankers’ dream.

[Buster Highmen]

OK.

If your name is Sallie Mae it’s a bankers’ dream.

Why sir, are you perhaps insinuating that the activities of that fine institution, Sallie Mae, is not banking? Or that the fat fingers of that industry don't have their digits in the percentages of the 1.2 trillion of debt? I had no idea that 2013 was so very long ago...

[Trackhead]

Unclear if this is directed at my comments, but I wasn’t drawing that equivalency at all.

Not at all, just a generalization.

[Trackhead]

again, the problem with trade schools is trades are far too variable in their demands. Trade schools make $20 patient care techs, and $15 carpenters (not many of those these days)

There’s probably a middle ground somewhere between vocational school narrow focus and overgeneralized, nonspecific, four year degrees with little real world job skills.

[Trackhead]

For a lot of people, myself included, going to college at age 19, after living at Alta for a year, was a mistake.

[dunfree]

There’s probably a middle ground somewhere between vocational school narrow focus and overgeneralized, nonspecific, four year degrees with little real world job skills.

real world job skills don’t exist as a teachable thing

[MagnificentUnicorn]

Most of the people I know who stump for college being worthless are people who either tried and failed or never tried due to many of the obstacles we are trying to remove for everyone. You did OK without college? Good for you.. But, unless you did that AND went to college you never will quite get the real value and what other people are looking for when placing that requirement as eligibility for the position they are hiring for.

Sounds really deuchy to say that but what I really want is for everyone to have the same opportunity I had and my kids have to spend 4 years STICKING to something then deciding what they want to do from there as a career. And ya, killer spring break experiences should also be a part of that along with summer internship type jobs. If you still want to be a plumber you might end up as a VP/director/board member at Roto Rooter in 10 years..

You’re right, this post reeks of douchy elitism. Not everyone wants “killer spring breaks and internship type jobs” and going to college isn’t the only way to show commitment with 4 years of STICKING to something. These are the exact attitudes that turn people off. College is great, so is going into the military, Peace Corps, Americorps, apprenticeship etc. If your sole focus is lifetime earning potential then that’s sad. Lots of people are told that’s the only way to succeed in life. It’s not the only way to have a comfortable life with rewarding work and happiness. The current system promotes the idea that college is a requirement for a success rewarding career and I think that’s sad. So many jobs don’t need a four year degree.

College isn’t the only path to becoming a well rounded, educated and successful person, especially if we put lifetime earnings way down the list when we talk about success.


Sent from my iPhone using TGR Forums

[Trackhead]

real world job skills don’t exist as a teachable thing

Agreed, but with internships integral as a part of school, they become that.

[MagnificentUnicorn]

Nothing like dickheads in regulated industries like healthcare with a bloated educational structure that protects their bloated wages raging against the machine that gets them their paycheck. Fuck off travelling nurse, sell your geriatric ignoramus that doesn’t understand history bullshit to sone other rubes you stupid fuck that doesn’t get what made the roaring 20s roar was consumer debt. Maybe take some history

You sound like a bitter ignorant moron after posting this. Bloated wages for healthcare workers? Go fuck yourself.


Sent from my iPhone using TGR Forums

[Mustonen]

Why sir, are you perhaps insinuating that the activities of that fine institution, Sallie Mae, is not banking? Or that the fat fingers of that industry don't have their digits in the percentages of the 1.2 trillion of debt? I had no idea that 2013 was so very long ago...

Yes. Not in any traditional sense. And yes, not at any meaningful level.

And yeah, 2013 was kind of a while ago. But really student lending hasn’t been much of a function of traditional banking since the 90s, which is the timeline I’m referring to. Since then, student loans haven’t been any bankers “wet dream” if they weren’t a part of a small subset of specialized entities.

But go on with your pompous self. It sounds good to some folk it seems.

[Trackhead]

You sound like a bitter ignorant moron after posting this. Bloated wages for healthcare workers? Go fuck yourself.


Sent from my iPhone using TGR Forums

Those wages were approved by hospital administrators, not something nurses demanded and received. As you and I both know, nurses never just go out and get what they want when they ask for more $$. The wages they were getting, which are now decreasing, we’re only related to supply and demand. Perhaps if they paid nurses a little bit more, there wouldn’t be a shortage of them. Much like primary care physicians.

[Buster Highmen]

Yes. Not in any traditional sense. And yes, not at any meaningful level.

And yeah, 2013 was kind of a while ago. But really student lending hasn’t been much of a function of traditional banking since the 90s, which is the timeline I’m referring to. Since then, student loans haven’t been any bankers “wet dream” if they weren’t a part of a small subset of specialized entities.

But go on with your pompous self. It sounds good to some folk it seems.

So Sallie Mae is not a banking institution. Right. Not meaningful. Right.

https://en.wikipedia.org/wiki/Sallie_Mae

What was the thread topic again? Student loans? And banks aren't involved in any meaningful way? Right.

At least you admit to conditional wet dreams followed by the usual tiresome ad hominem.

As our representative of that industry known for lending a man an umbrella when it's sunny and demanding it back when it rains, your opinion is nothing else but expected.

[Bunion 2020]

For a lot of people, myself included, going to college at age 19, after living at Alta for a year, was a mistake.

Yep, you should have gotten the full 4 year Alta degree.

Hindsight makes that so easy.

[Trackhead]

Yep, you should have gotten the 4 year Alta degree.

Brain cells and liver would not have survived. That place was brutal. More drugs/alcohol than skiing for most. Wasn’t my jam.

[Mustonen]

So Sallie Mae is not a banking institution. Right. Not meaningful. Right.

https://en.wikipedia.org/wiki/Sallie_Mae

What was the thread topic again? Student loans? And banks aren't involved in any meaningful way? Right.

At least you admit to conditional wet dreams followed by the usual tiresome ad hominem.

As our representative of that industry known for lending a man an umbrella when it's sunny and demanding it back when it rains, your opinion is nothing else but expected.

https://en.m.wikipedia.org/wiki/Fede...t_Loan_Program

Keep on doubling down, though. [emoji849] Your faux pithy intellectualism is lazy, at best. You should make an obscure pun now to establish your aloof superiority. Go on now.

ETA: Sallie Mae has $30B in assets. That’s a good sized institution, but it doesn’t even crack the top 50 of financial institutions in the US. (Hint: loan principal is an asset). At a loss why you’re arguing about something you’re obviously ignorant about. Oh right…. It’s the internet.

[Diamond Joe]

If you borrow money from someone, pay it back. Period.

Life 101

[Conundrum]

If you borrow money from someone, pay it back. Period.

Life 101

Life 101 is a 1 credit pass/fail elective at most schools.

[dunfree]

If you borrow money from someone, pay it back. Period.

Life 101

Unless you are a business owner and get a PPP loan

[dunfree]

You sound like a bitter ignorant moron after posting this. Bloated wages for healthcare workers? Go fuck yourself.


Sent from my iPhone using TGR Forums

Im a moron for noticing the AMA runs a cartel? That I’ve worked places that don’t have legally required minimums staffing levels? Healthcares is a semi decent industry to work in because it’s somewhat regulated and subsidized. If you don’t like that, fuck you

[SumJongGuy]

I wonder what the "working man's objection" would be to making student loan debt dispensable in bankruptcy the same as other poor business decisions or bailing on a car loan underwater, other credit card debt, etc.?? That's probably the best place to start for immediate relief for people caught up in legit predatory loan situations..

[Meadow Skipper]

If you borrow money from someone, pay it back. Period.

Life 101

Unless you are a business owner and get a PPP loan

Life 201

[Conundrum]

Life 201 is a graded 2 credit elective.

[MagnificentUnicorn]

Im a moron for noticing the AMA runs a cartel? That I’ve worked places that don’t have legally required minimums staffing levels? Healthcares is a semi decent industry to work in because it’s somewhat regulated and subsidized. If you don’t like that, fuck you

The AMA doesn’t set wages for healthcare workers. If your workplace doesn’t maintain legally required staffing levels report them. Wtf does that have to do with your rant about bloated wages and travel nurses? You’ve lost your mind. It’s obvious that you have a beef with Trackhead but your tirade makes you sound stupid.


Sent from my iPhone using TGR Forums