While I certainly think there’s room for debate on this topic (maybe a means test?), it’s fascinating that the focus is on a program that could actually help people and not on any of the myriad of programs that just throw money away. For example, the tax payers are ALWAYS being “handed this bill”:
Just like all taxpayers pay for your elementary through high school, fire dept, police dept, library, roads, street lights, water treatment, dams, levees, airports, highway system, Army, Navy, Air Force, Marines, Post Office, garbage, court house, FDA, OSHA, CDC, snow plows, street sweepers, electrical grid.
Education should be something the US should strive for and cover, in order to make our citizens the best and brightest. Instead, the “I got mine, screw you” group wants to make sure nobody else is able to have an opportunity to excel.
There has been way too much emphasis on college education as the end all and be all for every young person. There are too many college graduates with no useful work skills who are saddled with debt that was a waste of money, unable to get jobs that would pay enough to cover the loan payments. The American approach to education has been stupid for decades.
The result will be more tax burden on home owners to support schools….some levy’s are ridiculous….especially for the people who are on fixed incomes…..
It’s not the loans, it’s the cost of the education. The loans themselves are not high interest and have generous repayment terms. If you had to pay, say $40K, it wouldn’t be so bad. However, $40K is the cost of 1 year at some colleges and after 4 years your loan looks more like a mortgage.
The maximum Federal Student Loan TOTAL a student can receive acquiring a four year degree is $31K for student who is classified as a dependent (with their parents) and $57K for an independent student. Private bank loans can be higher. So those with high Federal loans likely have not been making payments and much of the loan balance is interest.
We should be looking into Big Education. Colleges and universities convinced us that their product is essential to our childrens’ future well-being and colluded with lenders to hook us into long term payment plans. Graduates are then often left with virtually worthless certificates of participation and saddled with mountainous debt. Any other industry peddling a product of questionable worth with long term debt obligations would be outlawed or heavily regulated.
The debt for college/university ensued by students prevents them from fully participating in the US economy. I have no children. I don’t mind paying taxes for public schools. I want well-educated citizens. We all should.
Research from Citizens Financial Group suggests that 60 percent of student debt borrowers expect to pay off their loans in their 40s. Data collected at the state level supports these findings. A study from the OneWisconsin Institute finds that it takes graduates of Wisconsin universities 19.7 years to pay off a bachelor’s degree and 23 years to pay off a graduate degree.
I recall from personal experience that my college education was entirely voluntary, and all the associated costs were borne by myself and my parents (thanks, mom and dad!). I also recall the same applied to when my three sons when they went to college.
Since a college education and incurring student loan debt is entirely voluntary, why is it fair for some to pay their own costs while others have their costs paid by taxpayers (i.e., the ‘government’)? That is inherently unfair, and Ramirez is spot on with this cartoon.
Started college in 1970 in California at the time the local community college -Fresno City was free save a $10 student activities fee. Fresno State was about $120 semester . With any experience you could get a $2 hour job. You could rent an apartment near the University for $120. Food, if you did not eat out $12 week(ground beef $.80 pound=$.20 1/4 lb home burger) would even allow a couple beers a day. So if you had a 15 an hour job while in school and a 20 hour job in the summer you could graduate with money in the bank. In 1976 graduate school at Univ. Texas was $200 a semester + $2 for a gym locker!
It amazes me how the GOPers on this site want to make all our kids go broke. Student loan debt is over 1.75 TRILLION dollars. Credit card debt is at 994 billion dollars. Think of that? The average student loan debt is over $40,000 grand. The average credit card debt is over $5500. Nice way to start your career. Boomers really screwed up this country.
There is no way of knowing what we have lost with our policy of not giving every person their best opportunity to achieve whatever they can. It is detrimental to the entire human race, not just to the individual. And, it isn’t just that the mind that could have discovered the cure for cancer could have been born in poverty and never learned to read.
The average college graduate pays about $7800 more a year in federal taxes than the average high school graduate. Over 30 years, that totals about $234,000. If that’s divided by the 4 years it takes to get a college education, the government would break even if it paid every student $58,500 a year to attend school. This doesn’t even consider that with the degree, the person is less likely to ever need unemployment or welfare, and that more students would complete high school if they could see a clear way to a good job. They would also be paying a larger amount in all other types of taxes, social security and Medicare The best investment we could make to keep America strong is to not just forgive all student loans but to make all higher education, including trade schools, etc totally free, as long as the student is making decent grades, and increase the number of schools and teachers to make room for all who can profit from the education. There is no better way to spend money than, to give our people every opportunity to be the best they can be.
Without ANY logic or a Brain. I guess one could compare all the Valuable services that we Need in daily life, to our taxes paying for, collage students that pick degrees that wouldn’t support an ant farm. The tax payers should have None of their debt. Let these higher indoctrination businesses pay for the Privilege of Brain Washing our youth.
Because the whole thing was a public (US-level) scam, that’s why. Actually, the banks subsidized by the feds and also indemnified against defaults are the ones who should be doing penance for ripping off both students and the US gubmint.
Those opposed to student loan forgiveness don’t seem to grasp that many borrowers have paid their original loan several times over. The high compounding interest makes it impossible to pay off the loans. A typical debtor borrowed $25K but now owes $60K after repaying the original $25K several times over. This is Monopoly money, compounded interest that was never borrowed. Those arguing against forgiveness are in favour of usurious permanent debt slavery. I’ve paid back my original $135K in federal student loans but owe $300K due to compounding interest. No way to ever pay off these loans; it’s a predatory scam. Don’t worry that your precious tax money is being used to pay them off. The student loan debtors have already paid these loans several times over, it’s just fake money we never borrowed that is in play now. Of course that should be forgiven, and not cost the tax payers one cent. It’s fake debt to make a few student loan lenders rich. Cancel the debt and it goes away; it’s not real money.
Why is your “taxpayer” wearing a black business suit? That’s hardly representative of taxpayers in this country. Those who make the most and pay the least need to protect “their”pocketbooks? Give people a break.
Michael Peterson Premium Member about 2 years ago
Havel about 2 years ago
While I certainly think there’s room for debate on this topic (maybe a means test?), it’s fascinating that the focus is on a program that could actually help people and not on any of the myriad of programs that just throw money away. For example, the tax payers are ALWAYS being “handed this bill”:
https://www.forbes.com/sites/williamhartung/2021/05/20/pentagon-waste-takes-many-forms/?sh=6fe0ec122482
Patjade about 2 years ago
Just like all taxpayers pay for your elementary through high school, fire dept, police dept, library, roads, street lights, water treatment, dams, levees, airports, highway system, Army, Navy, Air Force, Marines, Post Office, garbage, court house, FDA, OSHA, CDC, snow plows, street sweepers, electrical grid.
Education should be something the US should strive for and cover, in order to make our citizens the best and brightest. Instead, the “I got mine, screw you” group wants to make sure nobody else is able to have an opportunity to excel.
GOGOPOWERANGERS about 2 years ago
But not for the rich
billopfer Premium Member about 2 years ago
There has been way too much emphasis on college education as the end all and be all for every young person. There are too many college graduates with no useful work skills who are saddled with debt that was a waste of money, unable to get jobs that would pay enough to cover the loan payments. The American approach to education has been stupid for decades.
Vidrinath Premium Member about 2 years ago
Because you were all in for it when the deranged Oompa Loompa did it.
Ontman about 2 years ago
It’s all money with the tRumpublicans and their troll fans.
Stephen Runnels Premium Member about 2 years ago
Because it’s the right thing to do. Ask someone who isn’t a christian conservative to explain it to you.
NeoconMan about 2 years ago
See, the kids will get an affordable education, get good jobs, and then pay more in taxes.
It’s called an investment in the future. This is not a difficult concept.
Zebrastripes about 2 years ago
https://www.cleveland.com/news/2022/04/gov-mike-dewine-signs-property-tax-dispute-bill-that-could-result-in-millions-lost-to-school-districts.html
The result will be more tax burden on home owners to support schools….some levy’s are ridiculous….especially for the people who are on fixed incomes…..
BOO HISS DEWINE!
davidthoms1 about 2 years ago
Dishonest cartoon! The bill never gets paid and just becomes inflation. Simple economics!
T34 about 2 years ago
Unless, its for multi-billion-dollar corporations and their CEOs.
ChristopherBurns about 2 years ago
It’s not the loans, it’s the cost of the education. The loans themselves are not high interest and have generous repayment terms. If you had to pay, say $40K, it wouldn’t be so bad. However, $40K is the cost of 1 year at some colleges and after 4 years your loan looks more like a mortgage.
Maybe we should look into college costs.
Gen.Flashman about 2 years ago
The maximum Federal Student Loan TOTAL a student can receive acquiring a four year degree is $31K for student who is classified as a dependent (with their parents) and $57K for an independent student. Private bank loans can be higher. So those with high Federal loans likely have not been making payments and much of the loan balance is interest.
Holden Awn about 2 years ago
We should be looking into Big Education. Colleges and universities convinced us that their product is essential to our childrens’ future well-being and colluded with lenders to hook us into long term payment plans. Graduates are then often left with virtually worthless certificates of participation and saddled with mountainous debt. Any other industry peddling a product of questionable worth with long term debt obligations would be outlawed or heavily regulated.
rlaker22j about 2 years ago
get rid of tenure
IndyW about 2 years ago
PAY YOUR DAMN LOANS OFF YOURSELF! We had too and survived. Or will I get reimbursed for acting responsibly?
librarylady59 about 2 years ago
The debt for college/university ensued by students prevents them from fully participating in the US economy. I have no children. I don’t mind paying taxes for public schools. I want well-educated citizens. We all should.
Research from Citizens Financial Group suggests that 60 percent of student debt borrowers expect to pay off their loans in their 40s. Data collected at the state level supports these findings. A study from the OneWisconsin Institute finds that it takes graduates of Wisconsin universities 19.7 years to pay off a bachelor’s degree and 23 years to pay off a graduate degree.
https://www.cnbc.com/2017/07/03/this-is-the-age-most-americans-pay-off-their-student-loans.html
Aliquid about 2 years ago
Nothing compared to what the taxpayer pays for the military.
1db about 2 years ago
I recall from personal experience that my college education was entirely voluntary, and all the associated costs were borne by myself and my parents (thanks, mom and dad!). I also recall the same applied to when my three sons when they went to college.
Since a college education and incurring student loan debt is entirely voluntary, why is it fair for some to pay their own costs while others have their costs paid by taxpayers (i.e., the ‘government’)? That is inherently unfair, and Ramirez is spot on with this cartoon.
Gen.Flashman about 2 years ago
Started college in 1970 in California at the time the local community college -Fresno City was free save a $10 student activities fee. Fresno State was about $120 semester . With any experience you could get a $2 hour job. You could rent an apartment near the University for $120. Food, if you did not eat out $12 week(ground beef $.80 pound=$.20 1/4 lb home burger) would even allow a couple beers a day. So if you had a 15 an hour job while in school and a 20 hour job in the summer you could graduate with money in the bank. In 1976 graduate school at Univ. Texas was $200 a semester + $2 for a gym locker!
RAGs about 2 years ago
Why is Mikey against teaching people to become good doctors?
braindead Premium Member about 2 years ago
Not to worry, Ramirez.
Billionaire oligarchs will not have to pay for any of it.
Union Man about 2 years ago
It amazes me how the GOPers on this site want to make all our kids go broke. Student loan debt is over 1.75 TRILLION dollars. Credit card debt is at 994 billion dollars. Think of that? The average student loan debt is over $40,000 grand. The average credit card debt is over $5500. Nice way to start your career. Boomers really screwed up this country.
Diane Lee Premium Member about 2 years ago
The average college graduate pays about $7800 more a year in federal taxes than the average high school graduate. Over 30 years, that totals about $234,000. If that’s divided by the 4 years it takes to get a college education, the government would break even if it paid every student $58,500 a year to attend school. This doesn’t even consider that with the degree, the person is less likely to ever need unemployment or welfare, and that more students would complete high school if they could see a clear way to a good job. They would also be paying a larger amount in all other types of taxes, social security and Medicare The best investment we could make to keep America strong is to not just forgive all student loans but to make all higher education, including trade schools, etc totally free, as long as the student is making decent grades, and increase the number of schools and teachers to make room for all who can profit from the education. There is no better way to spend money than, to give our people every opportunity to be the best they can be.
MuddyUSA Premium Member about 2 years ago
@Patjade – Blah…blah…blah…
elvisgirl3 about 2 years ago
Without ANY logic or a Brain. I guess one could compare all the Valuable services that we Need in daily life, to our taxes paying for, collage students that pick degrees that wouldn’t support an ant farm. The tax payers should have None of their debt. Let these higher indoctrination businesses pay for the Privilege of Brain Washing our youth.
AndrewSihler about 2 years ago
Because the whole thing was a public (US-level) scam, that’s why. Actually, the banks subsidized by the feds and also indemnified against defaults are the ones who should be doing penance for ripping off both students and the US gubmint.
rowena28 Premium Member about 2 years ago
Those opposed to student loan forgiveness don’t seem to grasp that many borrowers have paid their original loan several times over. The high compounding interest makes it impossible to pay off the loans. A typical debtor borrowed $25K but now owes $60K after repaying the original $25K several times over. This is Monopoly money, compounded interest that was never borrowed. Those arguing against forgiveness are in favour of usurious permanent debt slavery. I’ve paid back my original $135K in federal student loans but owe $300K due to compounding interest. No way to ever pay off these loans; it’s a predatory scam. Don’t worry that your precious tax money is being used to pay them off. The student loan debtors have already paid these loans several times over, it’s just fake money we never borrowed that is in play now. Of course that should be forgiven, and not cost the tax payers one cent. It’s fake debt to make a few student loan lenders rich. Cancel the debt and it goes away; it’s not real money.
clarkcolleen2 Premium Member about 2 years ago
Why is your “taxpayer” wearing a black business suit? That’s hardly representative of taxpayers in this country. Those who make the most and pay the least need to protect “their”pocketbooks? Give people a break.