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Washington DC and The Holy Land>What is the conservative position on student loans?
NJChiefsFan27 08:59 AM 05-24-2019
Specifically two things.

1. Is there a problem with the way things are done currently?

2. If you believe the status quo is not working, what should be done from a policy perspective to address it?
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Eleazar 12:10 AM 01-27-2020
A radical idea: Don't borrow money if you can't repay it.
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Prison Bitch 12:38 AM 01-27-2020
Originally Posted by Eleazar:
A radical idea: Don't borrow money if you can't repay it.
Supported $6T borrowed for Sand Wars, which will never be repaid^^^
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LiveSteam 01:11 AM 01-27-2020
Originally Posted by Prison Bitch:
Put them in camps.

I was merely saying you didn’t have to limit it to just those with student loans.
Ahh..
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Bowser 09:34 AM 01-27-2020
Originally Posted by eDave:
WTF is this shit? Student should pay. I had a shit loan once. Paid it off anyway.

Get a damned job and pay it off. College is not just for corn hole parties, banging deprived farmgirls (Go Bearcats!), and partying at the Delta Chi house.

When do we start bitching about car loans?
QFT
[Reply]
Bowser 09:35 AM 01-27-2020
Originally Posted by Prison Bitch:
Supported $6T borrowed for Sand Wars, which will never be repaid^^^

[Reply]
BWillie 03:05 AM 01-29-2020
Originally Posted by Bowser:
Life, business and everything is else leveraged upon debt.
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Prison Bitch 08:04 AM 01-29-2020
Originally Posted by Bowser:
Debt to other people obv.
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Merde Furieux 08:52 AM 02-14-2020
Reeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!

:-)

If banks reported their liabilities using the same fictitious accounting that the federal government does for student loans, they’d be charged with fraud. Behold the Congressional Budget Office’s latest restatement of the cost for income-based repayment plans.

The Obama Administration promoted these plans as a way to reduce student loan defaults. Borrowers who couldn’t afford their monthly payments could refinance their loans for free. They merely had to agree to pay 10% of their discretionary income for 20 years—10 years for those who work in “public service”—after which their balance would be forgiven.

The number of borrowers who have enrolled in these plans has blown away forecasts. From 2010 to 2017, the share of all borrowers repaying direct loans through these plans increased to 27% from 10%. The plans have especially caught on with graduate students with large balances. About 56% of debt disbursed to graduate students is being repaid through these plans.

CBO estimates that the government will wind up forgiving $167 billion of graduate debt in these plans over the next decade. The write-down for undergraduate loans is less—$40 billion—but the budget gnomes have repeatedly underestimated loan costs only to revise them upward later.

In 2012 the agency forecast that student loans would turn a $219 billion profit for the government over 10 years. Now it projects they will cost the government $11 billion through 2029—using the government’s fictitious accounting that doesn’t consider borrower risk. Under fair-value accounting standards that businesses use, loans are forecast to cost taxpayers $263 billion.

https://www.wsj.com/articles/the-gre...wn-11581638995
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