Student Loan Forgiveness Is A Good Example of Inflation Caused By Vote Pandering

[Singuy]

Wrong. Most kids who attend a 4 year school graduate college and an overwhelming majority of kids repay their loans. 17% of Americans have outstanding student loans and only about 7% of student loans go completely unpaid. Try again.

The people with the highest student load debt are Oral Surgeons and not Liberal Arts majors like you would probably enjoy believing. The average student loan balance is $37k, less than the average price of a new vehicle. Not exactly "wasting their entire financial future".

Were you addressing me or was that a strawman? I didn't mention anyone not paying their loans. I am referring to students wasting their time when only 67% manage to get a degree and complete. Kids who didn't complete college will probably pay off their student loans but spent 4, 5 years wasting their time

About that average loan debt, that's skewed by the mountains of people who had cheap undergrad tuition with cheap cost of living. If you haven't noticed, rent, food, and tuition skyrocketed, most just in the last few years. Give 5 more years and see the average of the student loan balance double or triple after all those financial crisis era kid's loan drops off. .

[ua_guy]

Kids who didn't complete college will probably pay off their student loans but spent 4, 5 years wasting their time.

This proves going to college isn't a waste of time, so....

https://www.aplu.org/our-work/4-poli...ment-earnings/

[Singuy]

This proves going to college isn't a waste of time, so....

https://www.aplu.org/our-work/4-poli...ment-earnings/

These income comparisons always forget to add the liability line on the other side of the equation.

Each year of college cost 30k-40k in living expenses...is this borrowed money?
Each year of college loses someone 30k worth of opportunity cost as they are going to school vs going to work

When you just look at earnings then yes, college is worth it. Why not when all the cost associated with it doesn't exist?

[disneysteve]

Why must we have this same debate here every few months? Nobody is ever going to change their mind. Move on to something else.

[ua_guy]

These income comparisons always forget to add the liability line on the other side of the equation.

Each year of college cost 30k-40k in living expenses...is this borrowed money?
Each year of college loses someone 30k worth of opportunity cost as they are going to school vs going to work

When you just look at earnings then yes, college is worth it. Why not when all the cost associated with it doesn't exist?

People have to pay to live whether they're going to school or not. Are you saying living is free if they weren't going to school?
Most students also work. Did you subtract that out of your rant?

40k seems high, maybe around UCLA, but that's just a fake number considering the rest of the country.

[Singuy]

People have to pay to live whether they're going to school or not. Are you saying living is free if they weren't going to school?
Most students also work. Did you subtract that out of your rant?

40k seems high, maybe around UCLA, but that's just a fake number considering the rest of the country.

1. Living can be free if you are not moving out of your parent's for school, and due to sky rocketing rent prices more kids than ever are not moving out
2. Because you are not going to school, you do not quality for any loans to subsidize your living expenses, so you wouldn't be going into debt for this, nor can you ever justify living on uncle sam's money.