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Poor choices. Rational people aren't keen on helping those who can't be bothered to help themselves. And I don't mean help themselves to other people's money.
I have 2 millennial kids, ages 25 and 27. They have student loans which they are paying and each has bought a first home all on their own. They aren't looking for bailouts and handouts. What makes you deserving of a bailout while making poor choices? Why should I and my millennial kids be forced to pay for your poor personal choices?
What he is proposing isn't a handout it's a reduced cost of the APR on student loans. It doesn't take money from the tax payer. I just reduces the amount the government is collecting on top of the principal.
What if the government helped out millenials by not charging any interest rate on federal student loans, increasing grants for college tuition, and give $50,000 - $100,000 towards a downpayment/mortgage purchasing home or investment purposes only? Our government helps out foreign countries, military people and many others still, so why not our millenials who are struggling?
I would go one step further and recommend that all millenials should have all student debt forgiven because when they signed up for college to major in those theatre degrees for $100K they weren't told that college actually costs money. This teaches a good life lesson. Spend recklessly and your debts will be forgiven by someone else picking up the tab. Additionally, millenials should be given not $50K-$100K in free money like you suggest, but at least $1 million to spend as they please. This could be on Starbuck's $10 coffees, $300 pairs of designer jeans, or pursuing a graduate degree in theatre. They have earned it and should be compensated accordingly.
What he is proposing isn't a handout it's a reduced cost of the APR on student loans. It doesn't take money from the tax payer. I just reduces the amount the government is collecting on top of the principal.
I think you need to go back and re-read what the OP is asking for.
Join the Army. See the world. Spend some time in Afghanistan getting to know the people and what real struggle is all about.
Should you survive intact and most do, the GI Bill will pay for your education and enable you to get a no down payment mortgage assuming you qualify for repayment. Should you become injured, you will be approved for VA healthcare benefits within 15 minutes. There is a wait for low income veterans who want VA healthcare unrelated to injuries sustained while in service.
Good advice. The military is one the biggest govt make work jobs programs still going. FDR would be proud
How about you open your heart and distribute more your wealth? That's why people like you and your generation ruined it for the younger generation and now millenials must pay for it and suck it up because of your policy that destroyed the life and economy!! Most millenials cannot afford moving out from their parent's basement despite working full-time and going to college!!!!!!
How about you stop being a greedy little ***** and pay your own way like everyone else? You aren't a precious little flower who deserves anything YOU didn't work for. You don't deserve a car, cell phone, flat screen TV, cable, Internet, free food an housing, trips to Disneyland, you WORK for it.
Millennials can easily afford to move out if they do what every other generation did, start small, get a roommate if needed and work your way up. I know, that's a terrible, dirty word - WORK - that just burns your soul, get used to it.
What he is proposing isn't a handout it's a reduced cost of the APR on student loans. It doesn't take money from the tax payer. I just reduces the amount the government is collecting on top of the principal.
Quote:
Originally Posted by freightshaker
I think you need to go back and re-read what the OP is asking for.
What he is proposing isn't a handout it's a reduced cost of the APR on student loans. It doesn't take money from the tax payer. I just reduces the amount the government is collecting on top of the principal.
Did you actually read what he proposed? I don't think so.
Quote:
Originally Posted by Lonerandsad
What if the government helped out millenials by not charging any interest rate on federal student loans, increasing grants for college tuition, and give $50,000 - $100,000 towards a downpayment/mortgage purchasing home or investment purposes only? Our government helps out foreign countries, military people and many others still, so why not our millenials who are struggling?
You don't see any handouts there? You don't see anything that takes money from the rest of us (taxpayers)? You MUST be another millennial.
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It doesn't take money from the tax payer. I just reduces the amount the government is collecting on top of the principal.
