Today In Biden Land

[NoSavingByTheBell]

shameless

[NoSavingByTheBell]

Deep Blue Minnesota just crossed a line I never thought even NYC could cross:

[TIC]

sam harris is completely immoral

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[Spicoli]

Billions in relief debt for college loans. Yeh not keen on that and the way it's rolled out at all. In fairness I peaked at Community College and sure as shat paid more than I could afford. No loans no grants or tying myself to goliath loans I could not even comprehend. I get the intention but also think it's pure raw politics throwing a fraction of "relief" at standing debt for Graduates who earn under 125k ? and from what I've seen many say it's not enough, they want more of course. Here's an idea how about addressing cost in the first place, up front and the predatory loans. In general, it's a vicious racket stacking readily available 'credit' on kids fresh out of Highschool. Pro tip...learn a trade. Or two!

[NoSavingByTheBell]

[TitoFan]

Billions in relief debt for college loans. Yeh not keen on that and the way it's rolled out at all. In fairness I peaked at Community College and sure as shat paid more than I could afford. No loans no grants or tying myself to goliath loans I could not even comprehend. I get the intention but also think it's pure raw politics throwing a fraction of "relief" at standing debt for Graduates who earn under 125k ? and from what I've seen many say it's not enough, they want more of course. Here's an idea how about addressing cost in the first place, up front and the predatory loans. In general, it's a vicious racket stacking readily available 'credit' on kids fresh out of Highschool. Pro tip...learn a trade. Or two!

Excellent post! Must-read for both politicians and high school kids alike.

[Kirkland Laing]

Billions in relief debt for college loans. Yeh not keen on that and the way it's rolled out at all. In fairness I peaked at Community College and sure as shat paid more than I could afford. No loans no grants or tying myself to goliath loans I could not even comprehend. I get the intention but also think it's pure raw politics throwing a fraction of "relief" at standing debt for Graduates who earn under 125k ? and from what I've seen many say it's not enough, they want more of course. Here's an idea how about addressing cost in the first place, up front and the predatory loans. In general, it's a vicious racket stacking readily available 'credit' on kids fresh out of Highschool. Pro tip...learn a trade. Or two!

Not keen either. Ten thousand dollars of money to a bunch of people but then cut off this year so no new people get it. But the ones who do and are currently still in college will just see their tuition pushed up ten thousand or so dollars anyway. Why pick this kind of debt? Why not mortgage debt or credit card debt? Endless questions here. It does seem to be broadly popular though according to the polls.

The main problem is the system. Colleges like Harvard with endowment funds of tens of billions of dollars, bigger than most Wall Street fund managers look after have basically turned into investment funds whose main aim is to grow the fund. Half the world's wealthy want to study at an American university and because they all speak English it's easy for them to come and not say a top German or French institute because they'd have a language barrier. And because of zoning laws college towns can't expand accomodation so they're stuck with a fixed number of places which pushes the price up. And since Reagan aversion to higher education has led to its defunding while Clinton and Obama haven't had it as a priority to try and reverse when they were in office. Plus a million other things I could add.

This makes lots of good points. Scroll up and down. I think this is what I mean to post, twitter not working in Manhattan right now.

https://twitter.com/iowahawkblog/sta...36250817572864


and

https://twitter.com/GOODProjectsDC/s...54431794282497


and definitely this

https://twitter.com/schwarz/status/1562521561118429187


And this is eye opening:


In the next few decades, she worked as a public-school teacher in Pittsburgh and Harlem, in addition to raising two children as a single mother. But she grew increasingly frustrated by the marks of educational inequity—moldy lunches, low-grade reading materials—that plagued her classrooms. “I thought the only way that I could change things was to have a higher degree,” she told me.
In 1983, at the age of fifty-two, Betty Ann enrolled in New York University’s law school. As a middle-aged Black woman, she wasn’t exactly the typical N.Y.U. law student. Her white male classmates would slyly elbow her books off the long library tables, and once, while standing at her locker, a classmate waved a ten-thousand-dollar tuition check, signed by his father, in her face. Betty Ann had borrowed twenty-nine thousand dollars in federal loans. Today, she owes $329,309.69 in student debt. She is ninety-one years old.
Americans aged sixty-two and older are the fastest-growing demographic of student borrowers. Of the forty-five million Americans who hold student debt, one in five are over fifty years old. Between 2004 and 2018, student-loan balances for borrowers over fifty increased by five hundred and twelve per cent. Perhaps because policymakers have considered student debt as the burden of upwardly mobile young people, inaction has seemed a reasonable response, as if time itself will solve the problem. But, in an era of declining wages and rising debt, Americans are not aging out of their student loans—they are aging into them.


https://www.newyorker.com/news/us-jo...&utm_brand=tny

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