Student Loan Forgiveness

@kingdavid403 said
Everyone in the military gets free housing, food, etc. And we all pay for it. Is that unbelievable? For you I'm sure it is. 😏

I read his post 32 times. Seems he doesn’t mention military. You trying to pull a fast one David of Israel?

@averagejoe1 said
I read his post 32 times. Seems he doesn’t mention military. You trying to pull a fast one David of Israel?

I read his post 32 times.
Heavy drinking does that. Read it 64 times and maybe you'll get it. 🙂
I've never been to Israel yet; hopefully sometime soon though. You have the wrong David. 🙂

@mott-the-hoople said
you said EVERYONE in the military...so you can quit lying about that.

" And yes, I missed a p in a word."

ummm, it wasnt a "p"...LOL

ummm, it wasnt a "p"...LOL
Yes, I had progressed in my writing about you to mention numbskull. lol
you said EVERYONE in the military
There ya go; good girl... 🙂
Yes, EVERYONE serving in the military gets free housing, or housing assistance. Anything else numbskull? 🙂

They also get:
Military Benefits:
A guaranteed paycheck and cash bonuses
Education benefits
Advanced and specialty training
30 days of annual paid vacation
Travel
Option for full-time or part-time service
Tax-free room, board and allowances
Health and dental care
Use of commissary and military exchange stores
Special home loans and discounts
Unparalleled sense of patriotism, duty, honor and selfless service
Highly sought-after skills, leadership and training experience.
[ https://www.military.com/join-armed-forces/military-benefits-overview.html ]

@kellyjay said
Fair? I paid mine off. Do I get a check to recoup my time and effort for someone
else who gets to avoid paying off all of their debt? The money shelled out to give
the loan in the first place will still matter; the debt is still there, now I not only paid
mine off, but I also have to put it into the government the more of my income to
pay for the debt forgiveness for som ...[text shortened]... me rules; if you don't
and this picking winners and losers takes place, nothing about this is fair.

Did you go to a public or private institution?

It doesn't matter how you answer.

If you went to a public university or college "back in the day," you already got your handouts from the government under the table. When I went to a public university in California in the early 1990s, the cost of tuition was just around $500 per semester, which is a bargain. But back then the state government was subsidizing education to a fair degree still. I was lucky, because soon after I graduated the flow of state subsidies waned to a trickle. Last I checked, around 10 minutes ago I think, tuition was something like $5000 per semester for a California resident. So in the span of one generation the cost of tuition increased an order of magnitude. After 4 years (8 semesters) of university I paid $4000 for my education while California (and to a lesser extent the federal government) picked up the rest of the tab -- whatever that tab was. Today 4 years of classes will cost a student $40,000. If the federal government waives upwards of $20,000 of that cost, then the remaining $20,000 is roughly equivalent to $10,000 in 1990s dollars, which is still much more than the $4000 I paid.

Voters like you screwed today's students over, being selfish and self-interested, and not recognizing the benefits you accrued in your halcyon days at a public institution of higher education. You want your rock-bottom taxes, and are unwilling to make the same investment in young people's futures that society was willing to make for you. Even $20,000 in student loan forgiveness does not offset the government largesse that you enjoyed in your own younger days.

Now, maybe you went to a private college or university instead, so that what I've said above doesn't entirely apply. But then, here's the rub: it was entirely your decision to go to a private institution and rack up those stratospheric tuition bills. If you feel it was a hardship, then maybe you should have gone to a public campus. But it was your choice, and your apparent wish to inflict the equivalent of your personal hardships upon millions of low-income students is a demon in your head that you need to have a serious conversation with.

@soothfast said
Did you go to a public or private institution?

It doesn't matter how you answer.

If you went to a public university or college "back in the day," you already got your handouts from the government under the table. When I went to a public university in California in the early 1990s, the cost of tuition was just around $500 per semester, which is a bargain. But back ...[text shortened]... ns of low-income students is a demon in your head that you need to have a serious conversation with.

But when I started with a law firm I think my salary was $5000 a year. Now one starts with a firm at $250,000 a year. So if you relate that to your whining about the cost of college, you will see that there’s not much difference from that generation to this. I paid of my loan inside my $5k, and one can pay off theirs today, same concept.
If all our loans were paid then like this new bill proposes, we would all still be reimbursing the govt.
Y’all carry on.

@averagejoe1 said
But when I started with a law firm I think my salary was $5000 a year. Now one starts with a firm at $250,000 a year. So if you relate that to your whining about the cost of college, you will see that there’s not much difference from that generation to this. I paid of my loan inside my $5k, and one can pay off theirs today, same concept.
If all our loans were pai ...[text shortened]... then like this new bill proposes, we would all still be reimbursing the govt.
Y’all carry on.

Yeah, uh huh, one guy's experience at a law firm settles the whole matter of government's divestment from higher education.

You failed to give a time interval, but let's say it was 40 years. Do you really think the average American worker's salary has increased by a factor of 50 (250,000 divided by 5000) in just 40 years?

You are an unworthy opponent. Go home.

@averagejoe1 said
But when I started with a law firm I think my salary was $5000 a year. Now one starts with a firm at $250,000 a year. So if you relate that to your whining about the cost of college, you will see that there’s not much difference from that generation to this. I paid of my loan inside my $5k, and one can pay off theirs today, same concept.
If all our loans were pai ...[text shortened]... then like this new bill proposes, we would all still be reimbursing the govt.
Y’all carry on.

I know you have a documentable disability when it comes to looking up hard facts, but take a look-see here:

https://work.chron.com/average-starting-salary-law-school-students-7716.html

Law school graduates can expect steady increases in income as they gain more years of experience.

0-5 years: $70,000
5-10 years: $98,000
10-20 years: $119,000
20 or more years: $139,000

Of course there are probably top-tier law firms headquartered in cities with a very high cost of living where the very best law students might start out with salaries over $200,000, but that is not remotely relevant to the topic at hand.

@soothfast said
Yeah, uh huh, one guy's experience at a law firm settles the whole matter of government's divestment from higher education.

You failed to give a time interval, but let's say it was 40 years. Do you really think the average American worker's salary has increased by a factor of 50 (250,000 divided by 5000) in just 40 years?

You are an unworthy opponent. Go home.

Well, yes. I graduated 1968, salary $5k. Now it is indeed around $200k, which is 40 times the $5k. See attached,, and please settle down. Why do you fellers get so angry? And yes, some lawyers who don't have the stuff start at $50k, doing clerk work. That was definitely not me.

https://www.wsj.com/articles/entry-level-lawyers-are-now-making-200-000-a-year-11623499201

@soothfast said
I know you have a documentable disability when it comes to looking up hard facts, but take a look-see here:

https://work.chron.com/average-starting-salary-law-school-students-7716.html

[quote]Law school graduates can expect steady increases in income as they gain more years of experience.

0-5 years: $70,000
5-10 years: $98,000
10-20 years: $119,000
...[text shortened]... might start out with salaries over $200,000, but that is not remotely relevant to the topic at hand.

You know, there are a LOT of law schools, some are un-accredited. Anyway, they crank out lawyers that are not exactly reliable. They do grunt work, book learned but that is about it.
I'm talking about real lawyers, the ones who will become real lawyers and their talent is recognized. I'm not talking bout screaming liberals with their posters.
If you know a real lawyer, look at him and say, dam, Joe was right.
Everybody's a lawyer these days, a dime a dozen. Again, I am talking avoid lawyers, not clerks.
Did you see my link above? Doggone that WSJ is wrong again.

@soothfast said
Yeah, uh huh, one guy's experience at a law firm settles the whole matter of government's divestment from higher education.

You failed to give a time interval, but let's say it was 40 years. Do you really think the average American worker's salary has increased by a factor of 50 (250,000 divided by 5000) in just 40 years?

You are an unworthy opponent. Go home.

Southfast, you never told us how cool it is to be a dependent, having others pay your loans off for you.
Tell us how that is possibly justified.

@averagejoe1 said
Southfast, you never told us how cool it is to be a dependent, having others pay your loans off for you.
Tell us how that is possibly justified.

You do realize that the loans aren't being "paid off". A portion of the debt is being discharged like in bankruptcy.

Are you opposed to bankruptcy laws? The US has had them since 1800 (before if you count State bankruptcy laws).

@averagejoe1 said
But when I started with a law firm I think my salary was $5000 a year. Now one starts with a firm at $250,000 a year. So if you relate that to your whining about the cost of college, you will see that there’s not much difference from that generation to this. I paid of my loan inside my $5k, and one can pay off theirs today, same concept.
If all our loans were pai ...[text shortened]... then like this new bill proposes, we would all still be reimbursing the govt.
Y’all carry on.

Someone making $250,000 a year is not eligible for any relief under the Biden plan.

@no1marauder said
You do realize that the loans aren't being "paid off". A portion of the debt is being discharged like in bankruptcy.

Are you opposed to bankruptcy laws? The US has had them since 1800 (before if you count State bankruptcy laws).

the universities are being paid…what kind of shyt u smokin?

@averagejoe1 said
Well, yes. I graduated 1968, salary $5k. Now it is indeed around $200k, which is 40 times the $5k. See attached,, and please settle down. Why do you fellers get so angry? And yes, some lawyers who don't have the stuff start at $50k, doing clerk work. That was definitely not me.

https://www.wsj.com/articles/entry-level-lawyers-are-now-making-200-000-a-year-11623499201

You don't even read your own damn links past the headline. I ran across that article earlier. At least read the subtitle:

"Several top law firms have given their youngest lawyers pay raises after year of record-breaking profits and competition to retain their workforce."

The article is talking about "several top law firms." In other words not the average law firm. Do you understand what the word "average" in your own nom de plume means?

Median household income in 1970 was $8730, and in 2021 was $67,521. That is not a factor of 50, more like 7.75.

@mott-the-hoople said
the universities are being paid…what kind of shyt u smokin?

They were paid long ago when the loans were processed.

Aggressive but stupid isn't exactly an effective debating technique, Mott.