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Millennials must run for office, wipe out all student debt
Poast new message in this thread
Date: February 12th, 2018 12:18 PM Author: Bistre institution roommate (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384127) |
Date: February 12th, 2018 12:19 PM Author: Milky abode hunting ground (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384133) |
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Date: February 12th, 2018 12:19 PM Author: maniacal round eye indian lodge Nah, pay your debt. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384141) |
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Date: February 12th, 2018 12:21 PM Author: Milky abode hunting ground (faggot driving an UBER and spending 100% of disposable income trying to service interest on $200k of student debt at 7.5%) (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384156) |
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Date: February 12th, 2018 12:22 PM Author: maniacal round eye indian lodge I'm fine with this. Don't get $200k in debt for useless degrees. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384168) |
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Date: February 12th, 2018 12:25 PM Author: Milky abode hunting ground Glad you're fine with my not paying my debt. LOOK there's surge pricing now! Get back in your uber. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384180) |
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Date: February 12th, 2018 12:25 PM Author: Haunting forum idiot (((The Meanest Stock Market))) (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384187) |
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Date: February 12th, 2018 12:28 PM Author: maniacal round eye indian lodge I paid back $200k in debt. I'm going to be MAF if losers get it waived away. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384219) |
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Date: February 12th, 2018 12:43 PM Author: Milky abode hunting ground ...and that explains it. you sucker. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384362) |
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Date: February 12th, 2018 12:45 PM Author: maniacal round eye indian lodge Well, so far it looks like you'll spend your life in non-dischargeable debt so it seems ok. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384370) |
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Date: February 12th, 2018 12:46 PM Author: Milky abode hunting ground yep. glad i put all that money i could have used to pay off fake debt into all-cash RE investments overseas. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384381) |
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Date: February 12th, 2018 12:48 PM Author: maniacal round eye indian lodge (uber driver dreaming of WINNING in tax/debt exile) (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384396) |
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Date: February 12th, 2018 12:50 PM Author: Milky abode hunting ground NYC biglaw, actually. Terrible credit but who the fuck cares. I literally have $200,000 more than you. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384416) |
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Date: February 12th, 2018 12:51 PM Author: maniacal round eye indian lodge Oh? How much do you imagine I have in net worth?
And if you're in NYC biglaw, why should you get a break? |
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Date: February 12th, 2018 12:52 PM Author: Milky abode hunting ground Non-responsive. Point is I am $200,000 ahead of you. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384429) |
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Date: February 12th, 2018 12:52 PM Author: maniacal round eye indian lodge How do you figure, pumo?
And no one is giving you a break. |
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Date: February 12th, 2018 12:53 PM Author: Milky abode hunting ground you: took $200k in CASH and paid off some fake money you never even saw
me: wrote-off that shit and used my money instead to buy RE overseas in my wife's name |
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Date: February 12th, 2018 12:54 PM Author: maniacal round eye indian lodge Me: still have tons of money left over and won't be debt exile.
You: desperately trying not to get pwn3d by the IRS and debt collectors. |
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Date: February 12th, 2018 12:56 PM Author: Milky abode hunting ground I haven't done anything illegal in the eyes of the IRS, dude. And lol @ "debt collectors" who are mostly friendly FedLoan employees trying to find ways for me to manage my payments. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384479) |
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Date: February 12th, 2018 12:57 PM Author: maniacal round eye indian lodge Something tells me you're not reporting proceeds on taxes as required. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384489) |
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Date: February 12th, 2018 12:58 PM Author: Milky abode hunting ground proceeds from what? my wife holds RE overseas. she keeps the money overseas. we file separately. if anything she's the one in trouble. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384508) |
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Date: February 12th, 2018 12:59 PM Author: obsidian philosopher-king heaven (guy who never watched the last hour of Wolf of Wall Street) (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384512) |
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Date: February 12th, 2018 1:01 PM Author: maniacal round eye indian lodge You're required to report overseas money greater than some small amount to the IRS. If it is all in her name then you own nothing, btw.
LOL @ having your wife take the hit for you. If you're not flame, JFC. |
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Date: February 12th, 2018 12:55 PM Author: obsidian philosopher-king heaven yfwgi but if not lmao this will turn out really well for you (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384467) |
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Date: February 12th, 2018 12:55 PM Author: maniacal round eye indian lodge (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384474) |
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Date: February 12th, 2018 1:01 PM Author: Milky abode hunting ground "move fast and break things" dude (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384524) |
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Date: February 13th, 2018 10:26 AM Author: Flesh Gunner Faggotry (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35392117) |
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Date: February 12th, 2018 12:23 PM Author: citrine vibrant internal respiration Student debt is the just the symptom of larger problems - the corporate educational model which undermined any standards whatsoever for entering college, receiving loans, and ANY kind of overwatch on tuition rates. Colleges are businesses and should be regulated as such. But banks and government are complicit in the whole ponzi scheme, so nothing will ever fucking happen. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384171) |
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Date: February 12th, 2018 12:28 PM Author: Bistre institution roommate It's ridiculous how they were able to get away with destroying the economy. The student debt is so insane they will never buy or be able to afford homes, which will hurt housing market. The hundreds of dollars per month that go to loans will never go to businesses or services to help them expand. It will make a small boomer elite in charge of colleges and debt companies fantastically rich and that's it. The damage its done to the economy and peoples lives is staggering. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384213) |
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Date: February 12th, 2018 12:34 PM Author: citrine vibrant internal respiration America is smash and grab in 2018. Get what you fucking can, while you can. No one is thinking longer than a few years out. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384269) |
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Date: February 12th, 2018 12:43 PM Author: Milky abode hunting ground (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384364) |
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Date: February 12th, 2018 1:16 PM Author: useless haunted graveyard set (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384650) |
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Date: February 12th, 2018 5:51 PM Author: multi-colored hospital useless brakes (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35387041) |
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Date: February 12th, 2018 8:09 PM Author: Exhilarant Multi-billionaire Hell 180 and this will not get the love it deserves (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388005) |
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Date: February 12th, 2018 8:21 PM Author: motley kitchen fortuitous meteor (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388084) |
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Date: February 12th, 2018 8:29 PM Author: Twinkling degenerate nursing home (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388137) |
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Date: February 12th, 2018 8:29 PM Author: Amethyst Business Firm (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388142) |
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Date: February 13th, 2018 10:26 AM Author: Flesh Gunner Faggotry (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35392120) |
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Date: February 18th, 2018 11:58 AM Author: Razzle-dazzle principal's office (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35430531) |
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Date: February 18th, 2018 12:00 PM Author: Hairraiser drunken senate place of business (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35430540) |
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Date: February 12th, 2018 12:52 PM Author: Peach Organic Girlfriend The idea of students paying for their own educations is demented. It was an experiment and the monster is now eating our young alive. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384435) |
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Date: February 12th, 2018 12:54 PM Author: maniacal round eye indian lodge Why? They get the benefit so why shouldn't they pay the cost? (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384453) |
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Date: February 12th, 2018 12:55 PM Author: Peach Organic Girlfriend They would, through being taxed when they get good jobs. Not a special levy on future income they might not have. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384470) |
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Date: February 12th, 2018 12:58 PM Author: maniacal round eye indian lodge Uh, why should people who get good jobs that didn't go to college have to pay the debt for those that did? That makes zero sense and much of the world is actually moving away from this.
Or, if I went to a cheap school and got a CS degree, why am I paying for the idiot that went to an expensive school and got a degree in bullshit? |
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Date: February 12th, 2018 1:06 PM Author: Peach Organic Girlfriend Taxing employed adults and giving the money to the public universities used to apply the correct pressure for schools to keep their costs down. Right now we are making young people start paying for their own educations out of expected future income (which is what the loans really are) with this debt fueling an unbridled rise in costs. It's a psychologically privatized system fueled by government-backed debt. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384575) |
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Date: February 12th, 2018 1:10 PM Author: maniacal round eye indian lodge That is what we're doing right now. In response, universities keep high tuitions anyway and direct students towards useless programs that are cheap for them to run and pay their admins huge amounts of money. Students then graduate with debt and shit or no jobs. Your move. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384604) |
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Date: February 12th, 2018 1:14 PM Author: Peach Organic Girlfriend The employed adults are not the ones paying for the schools anymore. All the skin in the game is the students'. Unis are now getting that money no matter what because of the federal loan guarantee, based off expected future income of students - money the payers don't even actually have.
If they just paid income tax when they got good jobs and the schools had to rely on that funding instead, different story because of different incentives. |
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Date: February 12th, 2018 1:21 PM Author: maniacal round eye indian lodge No, federal and state taxes go directly to public universities too. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384678) |
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Date: February 12th, 2018 1:32 PM Author: Peach Organic Girlfriend The tuition costs are mostly being funded with loans now and they form a much bigger share of uni budgets than they used to. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384755) |
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Date: February 12th, 2018 1:41 PM Author: maniacal round eye indian lodge True, but that doesn't contradict what I wrote. If you're saying that tuition should be 100% covered by taxes then that's something else and totally unworkable with the current model. In Europe where that is common college is much rarer and you generally can't major in bullshit unless you're paying out of pocket. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384844) |
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Date: February 12th, 2018 4:54 PM Author: Diverse Den Filthpig What are your thoughts on the European model? As described, it seems like the right approach. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35386537) |
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Date: February 12th, 2018 5:48 PM Author: maniacal round eye indian lodge Honestly, I don't think anyone has it quite right yet. The EU has very few college grads and massive youth unemployment, the US has many college grads but most major in stupid shit and have a ton of debt, and Asia has people majoring in useful stuff but too much cheating and influence from parents in high places and straight up money (and those with the most power/influence straight up send their kids to the US).
I think it should be a combination of the Euro model, American model and Asian model, along with some new stuff like making colleges liable if students fail. Part of it is that we need to fundamentally start with agreeing that the purpose of college is to create employable people. Stop with this whole bullshit about how college is about "finding yourself" like it is some Eat, Pray, Love journey for 18-22 year olds. |
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Date: February 12th, 2018 8:09 PM Author: Peach Organic Girlfriend We make our students pay out of pocket here, too. College is not rare in the EU and they don't restrict majors. Everyone who goes gets subsidized too. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388002) |
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Date: February 12th, 2018 8:14 PM Author: maniacal round eye indian lodge Depends on the country. What you say is true in the UK but it is more similar to the US system. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388032) |
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Date: February 12th, 2018 1:27 PM Author: lemon big marketing idea office "They get the benefit so why shouldn't they pay the cost?"
That principle is fine if we're going to treat college like a business investment.
And, of course, business ventures sometimes don't work out, which makes bankruptcy necessary.
So let's bring back dischargeability. |
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Date: February 12th, 2018 1:29 PM Author: maniacal round eye indian lodge Then loans should be given the way we give them for business ventures. "Oh, you got a 3.2 GPA and mediocre SATs and want to major in English? Nope. Or I guess we can offer $15k at 12% interest." And failure to repay should result in withdrawal of the degree. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384732) |
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Date: February 12th, 2018 3:14 PM Author: lemon big marketing idea office That's mostly fine, but would would "withdrawal of the degree" even mean?
You can't take away the historical fact that someone graduated. |
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Date: February 12th, 2018 4:55 PM Author: Diverse Den Filthpig Should just be a special kind of ding to your credit score. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35386549) |
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Date: February 12th, 2018 12:58 PM Author: citrine vibrant internal respiration i still agree with that part, because at the top end, we have the best education in the world. but we need to raise the bar on at least qualifying for educational loans, or better yet, attending a 4 year university. there should be a standardized test to get in, like in many other countries and the bar needs to be raised from where it is today. if you don't score high enough on the test, you go to to trade school instead and become an electrician or plumber. but banks and government will never make these changes, because they are the main beneficiaries at the expense of proles with boomer parents. its predatory in nature.
i think that instead of politicians putting pressure on the educational model, it will be technology and the market itself. credentials are becoming less and less important, education is being less meritocratic, and more smart people are pursuing alternative paths - ie learning tech skills on the internet, for free or cheap and going directly to the market. i also think that increasingly it will be paramount for workers to reeducate, because the market needs are adapting faster |
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Date: February 18th, 2018 12:01 PM Author: Hairraiser drunken senate place of business (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35430546) |
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Date: February 12th, 2018 12:27 PM Author: stimulating navy bawdyhouse Fuck gen x pussies. You guys should have done that long time ago (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384203) |
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Date: February 12th, 2018 12:27 PM Author: obsidian philosopher-king heaven pay your debt you insufferable faggot (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384208) |
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Date: February 12th, 2018 12:29 PM Author: maniacal round eye indian lodge (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384223) |
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Date: February 12th, 2018 12:29 PM Author: Milky abode hunting ground make me. seriously. what are you gonna do? push me into bankruptcy? oh, whoops. nevermind. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384226) |
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Date: February 12th, 2018 12:31 PM Author: obsidian philosopher-king heaven the debt goes away if you killself btw (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384239) |
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Date: February 12th, 2018 12:32 PM Author: Bistre institution roommate No, it actually doesn't, ljl (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384252) |
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Date: February 12th, 2018 12:32 PM Author: obsidian philosopher-king heaven never know unless you try, amirite? (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384257) |
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Date: February 12th, 2018 12:48 PM Author: tripping market halford (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384395) |
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Date: February 12th, 2018 1:06 PM Author: bronze milk half-breed (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384572) |
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Date: February 12th, 2018 3:11 PM Author: startled mind-boggling lettuce corn cake (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35385694) |
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Date: February 12th, 2018 12:44 PM Author: obsidian philosopher-king heaven there's a chance this will happen, but the gain will be taxed as income. shitllennials won't get a free ride that easily. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384369) |
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Date: February 12th, 2018 12:47 PM Author: Milky abode hunting ground there will be amnesty for everyone in default and govt-backed refinancing at absurdly below-market rates so they save face and don't get called out for forgiveness. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384393) |
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Date: February 12th, 2018 12:49 PM Author: obsidian philosopher-king heaven LJL @ (((govt-backed refinancing))) fixing any of these problems (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384402) |
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Date: February 12th, 2018 12:50 PM Author: maniacal round eye indian lodge Yeah, the thing that created the problem will be the solution! (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384413) |
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Date: February 12th, 2018 12:51 PM Author: Milky abode hunting ground it never fixes the problem, dumbass. the point is we kick the can down the road. you're the idiot chasing the can. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384421) |
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Date: February 12th, 2018 12:52 PM Author: obsidian philosopher-king heaven state your monthly debt payments before I engage you further, faggot (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384438) |
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Date: February 12th, 2018 12:55 PM Author: Milky abode hunting ground Recently went into complete default on normal payment schedules. Refinanced with IBR @ ~$800/month. Haven't made a single payment on the former schedules or on my new IBR plan. Ever. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384472) |
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Date: February 12th, 2018 1:03 PM Author: obsidian philosopher-king heaven https://www.justice.gov/usam/criminal-resource-manual-941-18-usc-1343-elements-wire-fraud (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384542) |
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Date: February 12th, 2018 1:04 PM Author: Milky abode hunting ground sorry, i'm not a shitigator but pretty sure evertying is "wire fraud". whats your point? (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384558) |
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Date: February 12th, 2018 1:05 PM Author: maniacal round eye indian lodge lmao, and you think we're the ones that are fucked? LOL. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384565) |
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Date: February 12th, 2018 12:53 PM Author: maniacal round eye indian lodge Why should we kick the can down the road for you? (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384443) |
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Date: February 12th, 2018 12:54 PM Author: Milky abode hunting ground Please state IQ before I engage you further. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384455) |
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Date: February 12th, 2018 12:55 PM Author: maniacal round eye indian lodge 140 or so? (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384465) |
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Date: February 12th, 2018 12:57 PM Author: Milky abode hunting ground i'll put it more simply: i kick the can. you chase it. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384495) |
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Date: February 12th, 2018 1:02 PM Author: maniacal round eye indian lodge I chase nothing. You're in a ton of debt. I'm not. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384540) |
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Date: February 12th, 2018 1:05 PM Author: Milky abode hunting ground you caught the can!!! good dog! (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384562) |
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Date: February 12th, 2018 12:49 PM Author: maniacal round eye indian lodge People have been saying this for 10+ years. Maybe in 20 years it'll happen for you. Or maybe it never will and they'll use that money to cut college costs. Maybe you should just pay it back? (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384407) |
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Date: February 12th, 2018 12:53 PM Author: Ocher Domesticated Circlehead LOLNO (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384447) |
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Date: February 12th, 2018 12:53 PM Author: Rambunctious cruise ship becky Deadbeats sure, but when you see where the money is supposed to go I'd rather burn it. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384450) |
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Date: February 12th, 2018 12:55 PM Author: stimulating navy bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384466) |
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Date: February 12th, 2018 12:57 PM Author: Mahogany school candlestick maker Destroy Christian culture and values, replace with kiked out culture and usury and sodomy become endemic, odd case. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384486) |
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Date: February 12th, 2018 1:03 PM Author: rebellious talking theatre The generational coup platform
No candidate over 40 Tax free student loan forgiveness Eliminate social security for boomers and reserve for youngs (boomers shouldn't have boomed it all away) Strict caps on Medicare for boomers especially for end of life care and terminal illnesses |
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Date: February 12th, 2018 1:05 PM Author: stimulating navy bawdyhouse I am 26yo and i back this but it looks like gen x woukd be opposed to this. You know, gen x are boomers puppets (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384566) |
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Date: February 12th, 2018 1:07 PM Author: maniacal round eye indian lodge *Wins 3% of the vote* (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384577) |
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Date: February 12th, 2018 1:08 PM Author: obsidian philosopher-king heaven great idea, the "Can I stick it in my ass" party (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384586) |
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Date: February 12th, 2018 1:09 PM Author: citrine vibrant internal respiration you have my vote (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384591) |
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Date: February 12th, 2018 1:22 PM Author: stimulating navy bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384683) |
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Date: February 12th, 2018 8:12 PM Author: slap-happy umber public bath black woman 180. if we can sell this as some sort of faggot social justice program by pointing out that "women and POC" have more student debt and less social security entitlements, we might be able to take over enough of the retard Democrat wing to get into office before immediately cracking down on all SJW bullshit once there. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388019) |
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Date: February 12th, 2018 1:25 PM Author: lemon big marketing idea office The solution is simple:
(1) Allow bankruptcy after some reasonable amount of time (about 5 to 7 years).
(2) Claw back some portion of the discharged amount from the university.
All of a sudden, the incentives start snapping things into place. Colleges take a heightened interest in the success of their students. Shit programs are penalized for being shitty. The government is pressured to make rules that don't fund failure. |
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Date: February 12th, 2018 1:28 PM Author: Milky abode hunting ground (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384728) |
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Date: February 12th, 2018 1:30 PM Author: maniacal round eye indian lodge I'm unconvinced on 1 but fully agree with 2. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384740) |
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Date: February 12th, 2018 1:31 PM Author: Milky abode hunting ground "Meanest Stock Market" MAF in this thread LOL. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384745) |
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Date: February 12th, 2018 1:36 PM Author: obsidian philosopher-king heaven bankruptcy is the only way to instill financial discipline in these fraudlies schools paying themselves million dollar salaries to sit around and "fundraise." it's a much more palatable and easily implementable solution than a broad forgiveness program. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384779) |
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Date: February 12th, 2018 1:37 PM Author: Milky abode hunting ground (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384799) |
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Date: February 12th, 2018 1:42 PM Author: maniacal round eye indian lodge Only if the school is on the hook for the bankruptcy and not the government. Since the government is the backer of the loans, I'm inclined to think that won't be the case. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35384858) |
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Date: February 12th, 2018 3:16 PM Author: lemon big marketing idea office "I'm unconvinced on 1"
Start here: Do you accept bankruptcy in general? |
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Date: February 12th, 2018 5:13 PM Author: Milky abode hunting ground devastating (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35386693) |
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Date: February 12th, 2018 5:20 PM Author: Very tactful dilemma mental disorder (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35386749) |
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Date: February 12th, 2018 8:26 PM Author: Amethyst Business Firm (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388114) |
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Date: February 12th, 2018 8:49 PM Author: maniacal round eye indian lodge Yes. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388315) |
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Date: February 12th, 2018 3:12 PM Author: startled mind-boggling lettuce corn cake GenX here. I paid my debt. I will vote against anything that doesn't make you pay yours. Haha. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35385708) |
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Date: February 12th, 2018 5:13 PM Author: Milky abode hunting ground We will find you. And we will hunt you down. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35386696) |
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Date: February 12th, 2018 5:20 PM Author: Very tactful dilemma mental disorder wow, you sound like a FAT FAGGOT (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35386748) |
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Date: February 12th, 2018 8:10 PM Author: drab corner 180 (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388009) |
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Date: February 12th, 2018 8:10 PM Author: Exhilarant Multi-billionaire Hell Your whole generation is worse than boomers (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388015) |
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Date: February 12th, 2018 8:25 PM Author: Flushed Area Pisswyrm (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388102) |
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Date: February 12th, 2018 8:44 PM Author: stimulating navy bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388275) |
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Date: February 18th, 2018 12:03 PM Author: Hairraiser drunken senate place of business (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35430557) |
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Date: February 12th, 2018 8:14 PM Author: maniacal round eye indian lodge (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388033) |
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Date: February 12th, 2018 8:42 PM Author: lascivious spot mood same. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388254) |
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Date: February 12th, 2018 9:03 PM Author: rebellious talking theatre GenXers are like Jew mechanics in Auschwitz. Fixing up the ovens and gas pipes to make sure they keep working. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388435) |
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Date: February 12th, 2018 8:10 PM Author: drab corner lmao at faggot debtmos begging people to bail them out of their retardation (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388013) |
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Date: February 12th, 2018 8:25 PM Author: Flushed Area Pisswyrm ? Nobody is begging and it’s going to happen. Sorry u paid yours like a sucker (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388108) |
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Date: February 12th, 2018 11:43 PM Author: drab corner lolno, never took a cent of debt and not retarded enough to go to a grad school that i'd have to pay for, sorry you weren't bright enough to tell that taking out a loan for cooley wasn't such a bright idea (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35389753) |
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Date: February 12th, 2018 8:46 PM Author: Comical medicated plaza coldplay fan LMAO at TMF acting all holier than thou ITT. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388291) |
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Date: February 12th, 2018 8:50 PM Author: maniacal round eye indian lodge There were complaints that my posting was lacking in hubris. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35388323) |
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Date: February 12th, 2018 11:41 PM Author: autistic address My rich parents paid my tuition so I vote NO. Pull your weight you deadbeats. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35389736) |
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Date: February 12th, 2018 11:44 PM Author: Vermilion Digit Ratio *Jews (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35389756) |
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Date: February 18th, 2018 12:03 PM Author: Razzle-dazzle principal's office at the very least, the interest rate shouldn't be 8 fucking percent. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35430561) |
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Date: February 18th, 2018 12:06 PM Author: lascivious spot mood agreed. the rate is supposed to reflect the risk of default. if anything it should be higher. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35430577) |
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Date: February 18th, 2018 12:11 PM Author: Mahogany school candlestick maker (guy only just now realizing what compound interest is) (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35430617) |
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Date: February 18th, 2018 12:06 PM Author: laughsome hilarious menage prole The loans should be secured by the endowment of the University or College that the student is attending.
That greatly shifts the incentive structures |
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Date: February 18th, 2018 12:08 PM Author: lascivious spot mood what incentive would students have to pay their loans when their debt is secured by property they have no interest in? (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35430587) |
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Date: February 18th, 2018 12:12 PM Author: laughsome hilarious menage prole The incentive is to the Universities to actual use some type of method when accepting students.
Right now Universities are simply the mortgage loan "originators" in the scam, they originate the loan, get the money and then shift the risk to holders of SLABS (Student Loan Asset Backed Securities - sounds familiar, right?) or to the Government (u & me)
If the government had recourse to the endowment of the university of unpaid loans over a certain threshold - I think that would be of some good - It would force the Universities to think long and hard about the size of their Gay Transnigger Eskimo Studies department and if it should be accepting every application. |
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Date: February 18th, 2018 12:14 PM Author: lascivious spot mood i understand how this would incentive universities. im asking what incentive a student would have to pay their loan under such a scheme when its secured by someone else's property. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35430631) |
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Date: February 18th, 2018 12:18 PM Author: laughsome hilarious menage prole why pay any loan at all ever? (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35430652) |
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Date: February 18th, 2018 12:19 PM Author: Mahogany school candlestick maker (guy not realizing how scams work) (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35430659) |
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Date: February 18th, 2018 12:10 PM Author: Mahogany school candlestick maker lol @ all the people itt believing they're smarter and so "prestigious", but are now permanent debtcucks for the rest of their lives. Your ancestors tried to warn you that usury is a sin, but you believed the Jew lol. Now you're their slave forever. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35430606) |
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Date: February 18th, 2018 12:16 PM Author: coiffed bearded crackhouse jew Lending money at interest should be punishable by death. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35430642) |
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Date: February 18th, 2018 12:17 PM Author: Mahogany school candlestick maker (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35430646) |
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Date: February 19th, 2018 12:57 PM Author: lascivious spot mood this is the biggest issue that unites the millennial generation and a lot of gen xers too. whichever political candidate is first seize on it and campaign on forgiving student loan debt will easily win in a landslide. (http://www.autoadmit.com/thread.php?thread_id=3890747&forum_id=2#35437153) |