Obama to Nationalize Student Lending with Pending Budget Bill

2010-01-21 16:55:06

#26

Turquoise: O Canada; +1,596|6696|North Carolina

Doctor Strangelove wrote:
AussieReaper wrote:
Here we don't pay interest on the Governments student loans.

However, it is indexed, so each year it will rise or fall with the rate of inflation.

I can't see why should students be forced to hold down a job and work their way through university, when instead they can focus full time on study and pay the money back when they do start working.

Your current system either forces people out of higher education, or into added pressures of working while studying.
It's like we're trying to keep people from contributing to society.

Basically. It's a simple thing that America hasn't figured out despite the majority of the First World already realizing it. It's kind of like the inevitability of needing a socialized medical system.

Instead of anticipating needed reforms, we basically just wait until shit gets so bad we can't ignore it anymore.

2010-01-22 18:07:44

#27

FEOS: Bellicose Yankee Air Pirate; +1,182|6702|'Murka

Doctor Strangelove wrote:
AussieReaper wrote:
Here we don't pay interest on the Governments student loans.

However, it is indexed, so each year it will rise or fall with the rate of inflation.

I can't see why should students be forced to hold down a job and work their way through university, when instead they can focus full time on study and pay the money back when they do start working.

Your current system either forces people out of higher education, or into added pressures of working while studying.
It's like we're trying to keep people from contributing to society.

It's almost like we're teaching/expecting people to handle more than one thing at a time or something.

God forbid.

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

2010-01-22 18:14:09

#28

Turquoise: O Canada; +1,596|6696|North Carolina

FEOS wrote:
Doctor Strangelove wrote:
AussieReaper wrote:
Here we don't pay interest on the Governments student loans.

However, it is indexed, so each year it will rise or fall with the rate of inflation.

I can't see why should students be forced to hold down a job and work their way through university, when instead they can focus full time on study and pay the money back when they do start working.

Your current system either forces people out of higher education, or into added pressures of working while studying.
It's like we're trying to keep people from contributing to society.
It's almost like we're teaching/expecting people to handle more than one thing at a time or something.

God forbid.

God forbid we go for what works in nearly every other First World country and generally helps provide a more skilled workforce.

2010-01-22 18:20:10

#29

FEOS: Bellicose Yankee Air Pirate; +1,182|6702|'Murka

Turquoise wrote:
FEOS wrote:
Doctor Strangelove wrote:

It's like we're trying to keep people from contributing to society.
It's almost like we're teaching/expecting people to handle more than one thing at a time or something.

God forbid.
God forbid we go for what works in nearly every other First World country and generally helps provide a more skilled workforce.

And where do you get that? Is that why our economy is the world's largest and our workforce is the most productive?

Get over your euro-envy, Turq. There's good and bad there, there's good and bad here. The "what works in nearly every other First World country" is seriously getting old. You haven't provided anything, argument-wise, beyond that for while...regardless of topic. Certainly no facts or data.

You feeling OK?

Just because something works elsewhere 1) doesn't mean it will work here and 2) doesn't mean what we have doesn't work either. There is more than one way to do many different things, Turq.

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

2010-01-22 18:47:40

#30

Turquoise: O Canada; +1,596|6696|North Carolina

FEOS wrote:
And where do you get that? Is that why our economy is the world's largest and our workforce is the most productive?

Get over your euro-envy, Turq. There's good and bad there, there's good and bad here. The "what works in nearly every other First World country" is seriously getting old. You haven't provided anything, argument-wise, beyond that for while...regardless of topic. Certainly no facts or data.

You feeling OK?

Just because something works elsewhere 1) doesn't mean it will work here and 2) doesn't mean what we have doesn't work either. There is more than one way to do many different things, Turq.

Where is your evidence that the current system is best? Or that we have the most productive workforce? Or that the size of our economy has fuckall to do with student loans?

I can play that game too you know.

2010-01-22 20:10:15

#31

13rin: Member; +977|6770

The Feds have no business in the loan dept. Higher education isn't a constitutional right.

I stood in line for four hours. They better give me a Wal-Mart gift card, or something. - Rodney Booker, Job Fair attendee.

2010-01-22 21:29:24

#32

FEOS: Bellicose Yankee Air Pirate; +1,182|6702|'Murka

Turquoise wrote:
FEOS wrote:
And where do you get that? Is that why our economy is the world's largest and our workforce is the most productive?

Get over your euro-envy, Turq. There's good and bad there, there's good and bad here. The "what works in nearly every other First World country" is seriously getting old. You haven't provided anything, argument-wise, beyond that for while...regardless of topic. Certainly no facts or data.

You feeling OK?

Just because something works elsewhere 1) doesn't mean it will work here and 2) doesn't mean what we have doesn't work either. There is more than one way to do many different things, Turq.
Where is your evidence that the current system is best? Or that we have the most productive workforce? Or that the size of our economy has fuckall to do with student loans?

I can play that game too you know.

And where is your evidence that their system provides a more skilled workforce?

You've pointed out the flaw in your own position, Turq.

“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular

2010-01-22 22:10:27

#33

Cybargs: Moderated; +2,285|7007

Educational inflation ftl.

https://cache.www.gametracker.com/server_info/203.46.105.23:21300/b_350_20_692108_381007_FFFFFF_000000.png

2010-01-23 00:03:25

#34

Dilbert_X: The X stands for; +1,817|6397|eXtreme to the maX

FEOS wrote:
Is that why our economy is the world's largest and our workforce is the most productive?

The US also uses far more energy per unit of GDP, so while apparently one of the most productive its one of the least efficient.

Fuck Israel

2010-01-23 07:42:08

#35

Jay: Bork! Bork! Bork!; +2,006|5649|London, England

Dilbert_X wrote:
FEOS wrote:
Is that why our economy is the world's largest and our workforce is the most productive?
The US also uses far more energy per unit of GDP, so while apparently one of the most productive its one of the least efficient.

Inefficient based on our fuel usage? That's your argument? Really? Have you visited here and experienced how spread out our populace is? Excluding the fact that all of our major cities are hundreds of miles apart from each other, our populace is suburban rather than urban. We like having the ability to have a backyard for our kids to play in rather than being packed like sardines into high rise apartment buildings. It's a lifestyle choice and the tradeoff is that we have to drive our cars more in order to get to work or get to stores. I'll take that tradeoff happily.

"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat

2010-01-23 07:45:18

#36

Hurricane2k9: Pendulous Sweaty Balls; +1,538|5993|College Park, MD

Question: can one purchase an automobile with student loans?

https://static.bf2s.com/files/user/36793/marylandsig.jpg

2010-01-23 07:50:39

#37

Jay: Bork! Bork! Bork!; +2,006|5649|London, England

Hurricane2k9 wrote:
Question: can one purchase an automobile with student loans?

Yes. Once the loan is made you can essentially do anything with it that you want. Many people take out more than the cost of tuition so they can have money to pay living expenses.

"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat

2010-01-23 08:12:37

#38

Hurricane2k9: Pendulous Sweaty Balls; +1,538|5993|College Park, MD

JohnG@lt wrote:
Hurricane2k9 wrote:
Question: can one purchase an automobile with student loans?
Yes. Once the loan is made you can essentially do anything with it that you want. Many people take out more than the cost of tuition so they can have money to pay living expenses.

My papa has some fountain of money and he saved up a bunch to pay tuition. I'm ultra grateful for it. I always wonder where the hell he gets his money from though...

Hmm. And these loans, you don't have to pay them back till you graduate?

2010-01-23 08:15:49

#39

ghettoperson: Member; +1,943|6940

Didn't Obama pay his back when he was 42 or something ridiculous?

2010-01-23 08:28:37

#40

Jay: Bork! Bork! Bork!; +2,006|5649|London, England

Hurricane2k9 wrote:
JohnG@lt wrote:
Hurricane2k9 wrote:
Question: can one purchase an automobile with student loans?
Yes. Once the loan is made you can essentially do anything with it that you want. Many people take out more than the cost of tuition so they can have money to pay living expenses.
My papa has some fountain of money and he saved up a bunch to pay tuition. I'm ultra grateful for it. I always wonder where the hell he gets his money from though...

Hmm. And these loans, you don't have to pay them back till you graduate?

Yes. Even then you'll only be paying 1% or so interest. I like the way you're thinking, and pissed I never thought of it myself

"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat

2010-01-23 08:34:01

#41

eleven bravo: Member; +1,399|5550|foggy bottom

Hurricane2k9 wrote:
JohnG@lt wrote:
Hurricane2k9 wrote:
Question: can one purchase an automobile with student loans?
Yes. Once the loan is made you can essentially do anything with it that you want. Many people take out more than the cost of tuition so they can have money to pay living expenses.
My papa has some fountain of money and he saved up a bunch to pay tuition. I'm ultra grateful for it. I always wonder where the hell he gets his money from though...

I thought I told you to never ask about my business

Tu Stultus Es

2010-01-23 18:22:47

#42

unnamednewbie13: Moderator; +2,057|7063|PNW

2010-01-23 19:51:14

#43

Hurricane2k9: Pendulous Sweaty Balls; +1,538|5993|College Park, MD

JohnG@lt wrote:
Hurricane2k9 wrote:
JohnG@lt wrote:

Yes. Once the loan is made you can essentially do anything with it that you want. Many people take out more than the cost of tuition so they can have money to pay living expenses.
My papa has some fountain of money and he saved up a bunch to pay tuition. I'm ultra grateful for it. I always wonder where the hell he gets his money from though...

Hmm. And these loans, you don't have to pay them back till you graduate?
Yes. Even then you'll only be paying 1% or so interest. I like the way you're thinking, and pissed I never thought of it myself

Hmm... because I mean, with a car it'd be a lot easier to get to and from a place of employment. As well as open up my radius of places to be employed. So I could make money and save up and then be ready to pay off that bastage by the time I graduate.

Haha, I have defeated the system.

2010-01-23 19:52:47

#44

11 Bravo: Banned; +965|5528|Cleveland, Ohio

im confused on student loans. i pay interest to the bank right? the govt just guarantees/insures it yes? or am i way off

2010-01-23 21:33:49

#45

Jay: Bork! Bork! Bork!; +2,006|5649|London, England

11 Bravo wrote:
im confused on student loans. i pay interest to the bank right? the govt just guarantees/insures it yes? or am i way off

Kind of. The government pays for the interest on your loan while you're in school. Once you are out it is between you and the bank, yes.

"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat

2010-01-23 21:49:56

#46

Macbeth: Banned; +2,444|5876

JohnG@lt wrote:
11 Bravo wrote:
im confused on student loans. i pay interest to the bank right? the govt just guarantees/insures it yes? or am i way off
Kind of. The government pays for the interest on your loan while you're in school. Once you are out it is between you and the bank, yes.

Uh

Those are only subsidized student loans. Which you have to qualify for.

Most private student loans require you to pay a bit of it while you are in school while it also collects interest. It's just insured by the government.

2010-01-24 13:52:50

#47

DrunkFace: Germans did 911; +427|6972|Disaster Free Zone

JohnG@lt wrote:
Dilbert_X wrote:
FEOS wrote:
Is that why our economy is the world's largest and our workforce is the most productive?
The US also uses far more energy per unit of GDP, so while apparently one of the most productive its one of the least efficient.
Inefficient based on our fuel usage? That's your argument? Really? Have you visited here and experienced how spread out our populace is? Excluding the fact that all of our major cities are hundreds of miles apart from each other, our populace is suburban rather than urban. We like having the ability to have a backyard for our kids to play in rather than being packed like sardines into high rise apartment buildings. It's a lifestyle choice and the tradeoff is that we have to drive our cars more in order to get to work or get to stores. I'll take that tradeoff happily.

lol seriously, that's an awesome argument to use when talking to someone from Australia...

2010-01-24 13:53:50

#48

11 Bravo: Banned; +965|5528|Cleveland, Ohio

DrunkFace wrote:
JohnG@lt wrote:
Dilbert_X wrote:

The US also uses far more energy per unit of GDP, so while apparently one of the most productive its one of the least efficient.
Inefficient based on our fuel usage? That's your argument? Really? Have you visited here and experienced how spread out our populace is? Excluding the fact that all of our major cities are hundreds of miles apart from each other, our populace is suburban rather than urban. We like having the ability to have a backyard for our kids to play in rather than being packed like sardines into high rise apartment buildings. It's a lifestyle choice and the tradeoff is that we have to drive our cars more in order to get to work or get to stores. I'll take that tradeoff happily.
lol seriously, that's an awesome argument to use when talking to someone from Australia...

what the hell does that have to do with it?

2010-01-24 20:27:51

#49

Spark: liquid fluoride thorium reactor; +874|6966|Canberra, AUS

11 Bravo wrote:
DrunkFace wrote:
JohnG@lt wrote:

Inefficient based on our fuel usage? That's your argument? Really? Have you visited here and experienced how spread out our populace is? Excluding the fact that all of our major cities are hundreds of miles apart from each other, our populace is suburban rather than urban. We like having the ability to have a backyard for our kids to play in rather than being packed like sardines into high rise apartment buildings. It's a lifestyle choice and the tradeoff is that we have to drive our cars more in order to get to work or get to stores. I'll take that tradeoff happily.
lol seriously, that's an awesome argument to use when talking to someone from Australia...
what the hell does that have to do with it?

well he's basically described how we live here in aus except here the situation is even more extreme. the phrase "tyranny of distance" came into being for a reason.

The paradox is only a conflict between reality and your feeling what reality ought to be.
^{~ Richard Feynman}

2010-01-24 20:31:09

#50

rdx-fx: ...; +955|6882

Spark wrote:
well he's basically described how we live here in aus except here the situation is even more extreme. the phrase "tyranny of distance" came into being for a reason.

Try living in Alaska for a few years.

BF2S Forums Obama to Nationalize Student Lending with Pending Budget Bill

Doctor Strangelove wrote:

AussieReaper wrote:

Doctor Strangelove wrote:

AussieReaper wrote:

FEOS wrote:

Doctor Strangelove wrote:

AussieReaper wrote:

Turquoise wrote:

FEOS wrote:

Doctor Strangelove wrote:

FEOS wrote:

Turquoise wrote:

FEOS wrote:

FEOS wrote:

Dilbert_X wrote:

FEOS wrote:

Hurricane2k9 wrote:

JohnG@lt wrote:

Hurricane2k9 wrote:

Hurricane2k9 wrote:

JohnG@lt wrote:

Hurricane2k9 wrote:

Hurricane2k9 wrote:

JohnG@lt wrote:

Hurricane2k9 wrote:

JohnG@lt wrote:

Hurricane2k9 wrote:

JohnG@lt wrote:

11 Bravo wrote:

JohnG@lt wrote:

11 Bravo wrote:

JohnG@lt wrote:

Dilbert_X wrote:

FEOS wrote:

DrunkFace wrote:

JohnG@lt wrote:

Dilbert_X wrote:

11 Bravo wrote:

DrunkFace wrote:

JohnG@lt wrote:

Spark wrote:

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