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These kids aren't hurting because of the interest they have to pay...
The interest deduction is negligible, and if you make 75k or more, you can't deduct anything. But, INTEREST is also why I have made over $25,000.00 in student loan payments over the past four years since graduating without any appreciable deduction in the balances! Again, it's like a mortgage and the $600+/month I spend on loans could be spent consuming or saving for retirement, or investing elsewhere!
Or, as discussed above, there needs to be a DOLLAR FOR DOLLAR DEDUCTION on student loan payments made. It's only fair, given that corporations can deduct money spent bettering themselves as "business expenses." So too should student loans be personal business expenses.
Mayberry, if college tuition was still the cost it was in 1974, adjusted for inflation of course, many in this generation would be doing the same thing you did. Unfortunately, the astronomical hike in tuition makes it impossible to go to school without mortgaging one's future.
oh please
college costs are quite cheap
start of getting your first two years at a CC...its less than 3k-5k a semester
Why do you believe it to be beneficial for a taxpayer-funded loan be dischargeable in bankruptcy?
It is beneficial for the borrower because the debt doesn't follow them around forever.
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Why do you think that some "punk" wouldn't intentionally run up a student loan tab to get the education he/she wants with the sole intent of discharging it after graduation? Are you really that unconcerned with the steweardship of your tax dollars?
I'm a bit flabbergasted that you (or anyone) don't see the problem with your own thinking.
I'm simply making a comparison between the terms of loan arrangements that the Federal government makes with students, and the terms of loan arrangements that they make with financial institutions.
As far as the stewardship of my tax dollars vis-a-vis student loans, I think public education should be free.
I'm simply making a comparison between the terms of loan arrangements that the Federal government makes with students, and the terms of loan arrangements that they make with financial institutions.
I think public education should be free.
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I think public education should be free
whats free...someone has to PAY
and the LOAN is a CONTRACT..meet the PERSONAL RESPONSIBILITY of your contract
No, taxpayers shouldn't pay off your student loans.
But how about if taxpayers could write off investment losses the same way as investors who lose money in the stock market when their college educations don't pay off financially?
that would eman your have to have be a good risk which means evalutated the perosn. Good idea ;we should not invest taxpyer money in wothless investments in people also. Bascailly if they don't think your a good risk then you don't get invested in.
Right, and tuition has outpaced all those. That's what the graph means.
no it hasnt...at least not at the CC level...
and at the graduate level...so what...
either you NEED a degree for your job or you dont
either you get a SCHOLARSHIP, or your dont
either you get a LOAN and repay it..or you reneg on it...(too bad we can repo your brain if you FAIL to meet your contract..at least with house/car we can repo)
either you get GOOD GRADES or you FAIL
or you can join the military...or find a job that will put you though scholl
its your CHOICE...its called freedom..and freedom isnt free
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