It's almost as if guaranteeing payments artificially drives up demand and keeps the price gougers in business.

@mustang607

Жыл бұрын

A huge corrupt system is developed and maintained by this program.

@acem82

Жыл бұрын

Price "gouging" isn't a thing. If you don't like the price, don't buy it. Everyone buying everything wishes it cost less!

@calholli

Жыл бұрын

@@acem82 I think you're right. I'll just stop buying gas and start walking to work and pull my trailer with a chain like I'm walking a dog. I can make it work.

@acem82

Жыл бұрын

@@calholli Appeal to ridicule. Try again. I love how those who whine about "gouging" accuse the market of failing, and expect the government to fix it! What do you think happens when gas (what you're talking about here) gets more expensive in one place? Well, those who own the good in another place see that profit (the price signal) and transport more gas to that location. And, with more supply chasing the same amount of demand, the price goes back down. Now, what happens if the government restricts the price? Well, that price signal never gets to the suppliers, there isn't enough supply to satisfy all the demand, and there is a shortage. Then, and only then, will you have to do what you're whining about. So, in fact, what you whine about will only come to pass if you get the government regulation you are whining for!

@calholli

Жыл бұрын

@@acem82 My original point is that student loans shouldn't be "special", to where you can't even file bankruptcy to get out of it. The loans are guaranteed to be paid, so then they have no incentive to reduce costs. There is no negative consequence for giving out bad loans. The whole thing is a scam and you come out the other side as a failed product with the debt tied to you unavoidably. Colleges have become theme parks with insane overspending to build attractions that bring in students; it's not even about education anymore, and half the classes are completely useless.

Not saying it’s a bad idea, but doesn’t that mean you get a doctorate, declare bankruptcy, then get a job? I like John Stossle’s idea where schools don’t charge up front, but after you get a job in the field they get a % of your check until it’s paid. That way if your degree is not helpful the school gets nothing.

@orgoldreich8902

Жыл бұрын

And that model will pop up naturally in a system that doesn't actively incentivise overcharging.

@tommyanomaly6193

Жыл бұрын

This is assuming the government stops guaranteeing new student loans. It won't work unless the Feds get out of it all together.

@benjamindover4337

Жыл бұрын

I've seen a lot of specialty schools doing this. Like programmer boot camps advertise that you pay when you get hired. Seems like a great idea to incentivise value in education.

@roginutah

Жыл бұрын

Scams on the horizon. People will go to school, get all the education and degrees they can, then work in a different/related field, or go to another country, or work 'under the table'. Maybe just say "Thanks, suckers." You already know how 'a degree' qualifies you to get many jobs, even if the degree isn't in a related field. People will flood the schools, schools will need to raise prices because they aren't getting paid, yet (and suck up many more tax dollars to keep afloat). And you'll still be left with people whining that the school is taking too much of their paycheck. Same boat as you have now. Most all plans work for those who have integrity and willingness to follow through. The current method works for those people, right? But you need a way to prevent the scammers and deadbeats. Let's not try to make it easier.

@nothanks3236

Жыл бұрын

Stossel's plan is overly complicated. Easier and more effective to just stop giving easy federal student loans to literally anyone with a pulse. Cutting off the easy federal money will force colleges to re-evaluate their programs and decide which ones are worth keeping.

Remove all 3rd party between students and colleges. If colleges wants to offer degrees to be paid later, then it's in their best interest to offer actually useful degrees.

@patrickday4206

Жыл бұрын

And pricing that's affordable

@jonhanlon

Жыл бұрын

@@patrickday4206 where does the price get set?

@patrickday4206

Жыл бұрын

@@jonhanlon the universities ask for more money from the state. The loans get set by what type of college it is and whether it's full time and how much you bring in so the more you make the more you pay. The federal government sets loans based on those requirements then sends it to the school and you get a check of what's left over

Stop financing tuition and prices WILL come down. It's not rocket science.

Anyone who took a degree in gender studies, feminist poetry etc should not have their debt forgiven. Let them pay for their stupidity.

@richardleston5237

Жыл бұрын

Those are actually majors where people can make bank in todays social climate

@IgoOutlateAtnight

Жыл бұрын

@@richardleston5237 I don't think so buddy. How about midevil basket weaving? There are plenty of useless degrees...kids just go to school to party...

@RealMTBAddict

Жыл бұрын

@@richardleston5237 not in 5 years.

@acex222

Жыл бұрын

@@IgoOutlateAtnight you don't think historians are employable?

@IgoOutlateAtnight

Жыл бұрын

@@acex222 the joke clearly went over your head. I didn't say history majors.

If you allow bankruptcy, the banks will stop loaning almost immediately. Maybe this is desirable, as long as you're aware of what you're proposing.

@whousa642

Жыл бұрын

Banks do not give student loans, federal government does.

@acex222

Жыл бұрын

Bankruptcy already exists. Are you twelve?

@somethingawesome1462

Жыл бұрын

@@acex222 well when you file bankruptcy, you can’t include your student loans. They are not bankruptable.

@xenclam216

Жыл бұрын

@@somethingawesome1462 This only became the case in 2005. This was an attempt to force people to pay back the debt by removing individuals ability to claim student loan debt on personal bankruptcy.

@KevinSmith-qi5yn

Жыл бұрын

That's the point. No bank will lend to someone who will probably not pay back the debt. If a person doesn't have a major or is going into a major that has low job prospects, the bank probably won't lend. The bank may also require the borrower to maintain a part time job while in college in order to have enough income where bankruptcy after graduation is undesirable.

I thought bankruptcy does not wipe out student loans? Perhaps I'm wrong.

@whousa642

Жыл бұрын

It is a bad idea

@sebholding

Жыл бұрын

yes you are right, she said it in the video, she is suggesting it shouldn't be the case

Federal gov should just get OUT of loan business for students AND for homes….it ONLY ends with MUCH higher prices

@mustang607

Жыл бұрын

I think covertly that's the plan.

I'm aware that this is incredibly politically incorrect to bring up outside of the approved context, but there are a growing number of schools giving undergraduate degrees to people with Down Syndrome. If that's not the most obvious example that a college degree has become meaningless, nothing is.

@martinlutherkingjr.5582

Жыл бұрын

Some people with down syndrome have a higher IQ than most college graduates.

@jimjackson4256

Жыл бұрын

Can you give an example of that?

@yoavmor9002

Жыл бұрын

Down Syndrome people have a mean IQ of 50, but if there are millions of them there must be a couple dozen Down Syndrome people with IQ's breaking the 110 IQ barrier, which I would say is more than sufficient for an undergraduate degree, especially given that the variance of the IQs of people with Down Syndrome is supposedly high.

@yoavmor9002

Жыл бұрын

Assuming a variance in IQ of 225 (which is what normal people have), a mean IQ of 50 and a population of 5.6 million people with Down Syndrome, 177 people with Down Syndrome ought to have an IQ score of above 110. That number shoots up to about 2000 if you talk about an IQ of above 100. Point is, there are enough people with Down Syndrome that could in my opinion make it through undergrad such that there would be at least a couple dozen who do so

@stephenlandua2184

Жыл бұрын

I want one, where can I sign up? I’m 64years old and I will not be able to pay my student debt loan back until my im76-80 There’s no administration on earth or financial back organization who is going to go for that and less*#This administration stays in office And I say,”; If the company who undersigned you wants to do that I believe every legal person in this in the United States should sign up for at least a $50,000 education

I've been saying bankruptcy for years, there is no reason student loans should be exempt from bankruptcy.

@I.C.Weiner

Ай бұрын

They absolutely should be immune. Once you have it you can't take it back. The lender can't recover any loses and it would also encourage people to declare bankruptcy since they get the debt removed but still have the benefits of a degree.

I do not agree with forgiving any debt. You knew what you were getting into when you signed the agreement for that debt. However I think that colleges are over inflated in terms of their costs versus the benefits of what you get from a college education especially nowadays might as well forget going to college and thinking you're going to learn anything. Colleges nowadays are a joke.

@Valaryant.

Жыл бұрын

And ur last phrase perfectly articulates what makes the "education business" nothing more than a business, full of tricks and lies, the actual system produces way more people with degrees that available positions in their market, making their labor cheaper, not to mention that soon u will need a college degree to flip a burger, which is insane.

Lol what kind of garbage advice is this? Maybe learn a trade instead of going to college to hook up every night and not learn a damn thing. Just a thought.

@macdietz

Жыл бұрын

Garbage advice? College isnt a bad idea for EVERYONE. Its a bad idea to pay 100k for a degree that will take 30 years to pay off and land you a salary of 40k. Its not a bad idea to stop using the federal coffers to advance this upside down pyramid called the united states economy. If everyone learned a trade those jobs would be worth nothing, just like when everyone decided they could be a graphic designer in the 2000s. And for the record i am a tradesmen with no college degree or debt...

@timmytuckerson3450

Жыл бұрын

Lol that's what I did and I laugh at all the people with "4 year degrees" working at Starbucks.

@privatecitizen4001

Жыл бұрын

I have a b.s. in biochemistry and im a landscaper.

@RealMTBAddict

Жыл бұрын

@@timmytuckerson3450 I paid $300 for my concrete apprenticeship in 2008. Became a Journeyman in 3 years. Now I make close to $1k a week and can basically live anywhere and have a job.

@KMF3

Жыл бұрын

@@RealMTBAddict I'm sure you could probably make a lot more.

1: eliminate federal loan program immediately....want free college join the army

@acex222

Жыл бұрын

this is not a libertarian position.

@jameswalker5645

Жыл бұрын

How are the professors supposed to get paid not to mention maintenance, campus security, counselors and a number of other positions.

@calholli

Жыл бұрын

Yeah.. trade one Indentured servitude for another.. At least in the military you won't have any say on what you choose to do for work, right. Who needs freedom of choice when you could be told what to do.

@SJ-co6nk

Жыл бұрын

@@jameswalker5645 No federal loan programs isn't the same as no loans. People could still take out personal loans, or the colleges could offer payment plans. I went to school on a combination of money from a minimum wage job and private loans. I had to find a cosigner who would be on the hook if I defaulted.

3 times this vid?

@calholli

Жыл бұрын

3x vid = 5

@gitfoad8032

Жыл бұрын

@@calholli - well, I wondered if someone was trying to distort my sense of reality - I thought this vid's been a 'new' vid for the last few days, each day..

Make the university pay for overcharging students by deducting it from the millions they get from the Department of Education. Call it lien, and garnish their payments like the IRS would do to a taxpayer.

I hate youtube shorts soooo much. We've already seen this!

Nope. Have them work off their debt through military service. Forgive 50k (for example) for every 3 years of service. They collect a paycheck, do productive work and give something back.

@timmytuckerson3450

Жыл бұрын

That's actually a really good idea. Make those limp wrists work it off through hard work...genius!!!

@privatecitizen4001

Жыл бұрын

Was invading iraq productive? How mich did we gain from afghanistan?

Problem is if you saddle your young with a mortgage size debt as kids, then it bleeds through to delaying them getting on the property ladder, starting families, having disposable cash to invest back into the economy or for their own retirement. If you think white replacement theory is a thing, well this is how it happens. Your own young can't have their own families, you already have an aging population and eventually the ecconomy needs immigration just to keep going. Debt forgiveness will incentivize population growth.

We could also mandate free college tuition

Actually, if recent graduates are getting paid basically the same as i got paid on my first job when I graduated in 1983....there is no way they can pay back!! Same with seniors and their social security. Bankruptcy is picked up by many others. Education cost should not be a burden on those who want to get educated. We are losing educators, doctors, engineers, nurses, plumbers, electricians, mechanics and so many more professionals and tradespeople because they cannot afford school. Yet schools keep on spending millions of their dollars in sports!!! I am all for sports....but tgere has to be a balance and get our generations educated for close to free!!

Who thought their college seemed to be extremely unbothered when they cost you a semester or 2 due to their incompetence? Average 2 yr degree at a CC takes 6 years? Intentional! My numbers could be off lol

Wait a minute, how does forgiving student debt reward the institutions? Skyrocketing tuition costs are a result of a decades-long project to shift the public’s perception of higher education as a public good (and therefore worthy of taxpayer dollars) to one where higher education is a personal investment. The average person is less inclined to want to publicly fund affordable higher education if said higher education is seen as a luxury. Here’s the thing: back when public colleges and universities were super affordable, the taxpayer paid for it - and no one complained. Then, Capital came in and found ways to ensure captive profit centers by slashing public funding and forcing students to take out ever larger loans, then they lobbied to make it impossible to discharge the debt in bankruptcy. So, either way - the public ends up bearing the cost of higher education. It’s far more beneficial for society as a whole to do it on the front end rather than cleaning up another mess capitalism leaves in its wake.

"simply forgiving federal student debt means forcing us to bail out other people for their bad decisions" Isn't this our national policy? It has been working well for the finance section for long. Why should the policy suddenly be changed when it comes to personal loan?

@calholli

Жыл бұрын

"working well" ?? Do you not understand that the direct result of this constant overspending is rampant inflation and $5 per gallon gas, and skyrocketing food prices. Nothing about it is "working well" - and more spending will just cause more inflation, which is robbing us all, and it's only going to get worse-- it's a run-away train at this point and the inevitable is already unavoidable.

@DegreesOfThree

Жыл бұрын

It's a failed policy. That's the point.

@trianglesandsquares420

Жыл бұрын

@@DegreesOfThree So use the failed policy for the people for once, instead of using it for the banks! Why does the financial sector get to be the only one to benefit from the failed policy?

@frankvonfrauner

Жыл бұрын

You've got it backwards. We shouldn't be bailing out the institutions either. Even further than that, we can't bail out those institutions, we've prolonged the inevitable and probably made it worse.

@blacklivesmatter6022

Жыл бұрын

@@frankvonfrauner You did, and will do again. So please keep doing it. Try to be fair. Don't run socialism only to the rich. The poor needs socialism too.

Makes sense doing it this way. Bailing out literally everyone means we end up potentially taking money from the poor and handing it to the rich. A CEO with an education from Harvard who hasn't paid off his student loans yet doesn't need student loan forgiveness. Moreover, it harms people who maybe have sacrificed to pay off their loans. "you paid off your loans! Great! Now we're going to increase your taxes to pay for that CEO over there!"

@trianglesandsquares420

Жыл бұрын

A CEO with an education from Harvard has investments, not growing loans. Collection agencies have the power to take the full owed sum from him, if he has it. Your comment makes no sense.

@SJ-co6nk

Жыл бұрын

@@trianglesandsquares420 my comment makes perfect sense. If you were to sneak in and look at the balance sheets of people making over $100,000 per year, it might surprise you how many still have student loans. The reason they do is that government subsidized loans are going to be at a very low interest rate, and if your investments are going to make more money than you're going to pay for in interest , most financial planners are going to tell you to just keep on paying off the loan until it's paid off rather than deal with the opportunity cost of spending that money you could have invested paying off your least expensive debt. By doing that, you end up ahead of the game. But the thing is, your debt doesn't go away just because you have a good job. It goes away because you pay it off. You're going to have a lot of situations where people who make unbelievable money still have student loans, and forgiving their debt is taking money from the poor and handing it directly to the richest people in society.

@SJ-co6nk

Жыл бұрын

@@chaotict3088 imagine thinking it's not taking money from the poor and handing it to the rich. By definition only people with some level of university education will get this benefit. People with university education tend to have much lower unemoyment rates and significantly higher wages than those without. Meanwhile, you're paying for it with tax money from all kinds, from Walmart greeters to truck drivers.

@SJ-co6nk

Жыл бұрын

@@chaotict3088 your limited viewpoint will always make you a slave. I don't really care, go ahead and advocate for giving rich people a giant bonus. I guess I'll add it to my investments.

@shockawha9

Жыл бұрын

Many with student loans are disabled senior citizens on SSI or $0 income who were forced to drop out from DEA scaring pain doctors. Govt interrupted our education, let govt fix it.

The most straight answer i have heard.

Forgive medical debt not debt you chose to have

Drive me closer bankruptcy because I didn't attend college and work labor/trade jobs? For what? To eliminate debt for the wealthiest most privileged people that have ever walked the Earth? (American college students)

@DCMAKER133

Жыл бұрын

Not all college students are wealthy. Many of their parents aren't even wealthy.

@stamperthedooker4510

Жыл бұрын

Uh. College students often aren't very privileged at all. I just graduated my masters, and let me tell you... My initial salary STINKS.

@TonerLow

Жыл бұрын

@@stamperthedooker4510 maybe you should re-read your comment and reconsider what you've just said lol.

@stamperthedooker4510

Жыл бұрын

@@TonerLow not sure about your point. Were you meaning to say that college students are privileged?

@DCMAKER133

Жыл бұрын

@@stamperthedooker4510 plus many come from poor and unprivileged families

Bankruptcy is a bad idea.

@Onshki

Жыл бұрын

They didn't say you should declare bankruptcy. They're only saying the debt shouldn't be exempt. This would make people much more careful and selective of who they lend to.

@whousa642

Жыл бұрын

@@Onshki your facts are faulty. People/banks do not give out student loans, federal government does. That change was done in 2007, I believe.

@willstafford4159

Жыл бұрын

@@whousa642 commercial banks definitely give out student loans. It was never advertised to me as a student, but have met people in life who were paying off higher than expected interest rates on student loans from banks.

@whousa642

Жыл бұрын

@@willstafford4159 pure bullcrap. Why do lefties like you lie all the time!

@Onshki

Жыл бұрын

@@whousa642 I literally worked for Sallie Mae/Navient. You could not be more wrong.

Make the colleges co-sign the loans. I think you'll find courses such as remedial reading and math dropped like hot potatoes from the curriculum.

And looking over the comments on this video it looks like the majority of the people think that this is a really bad idea. And that people should be held accountable for their bad decisions. Whenever you get the government involved in anything they make a mess of it. So maybe college should be like it was many years ago where it was actually affordable and useful

What are they going to do when people exit the credit system and into Bitcoin? No bankruptcy, just don’t involve yourself in the existing credit system. I guess you can’t get a mortgage or hold any traditional assets but atleast you’re free.

The problem with bankruptcy is that new graduates have no credit, so no incentive to not declare bankruptcy. If you want to do it this way, there could be a bankruptcy phase-in, so immediately after college there is no bankruptcy relief, but it becomes available at a rate of say 3% or 4% per year, so by age 40-50 it would be fully effective. I'm not sure how useful this would actually be, other than for people in the very worst situations. It probably wouldn't restrain tuition inflation much.

Get rid of interest, freeze the principle and pay that off. It’s the best way to solve the problem and the only people it “hurts” are the banks who buy up debt at a low cost to profit off the interest.

#1 return the debt to be classified like any other debt. That will wake them up.

We could also enforce the colleges to pay off the debts they've demanded from their students if the product is as faulty as it has become.

I can get behind the idea at 0:18 as long as anyone who has declared bankruptcy in the last 50 years gets to retroactively apply their student loan debt without further penalty.

All of a sudden everybody is an economist HAHA. Nobody in this comment section knows anything.

I actually believe in the free education model for a certain number of units however, universities need to bring down the cost of their units.

Not to mention ripping off people like me who worked full time and went to university at night and on the weekends so we could pay for school and graduate with no debt.

I'm sure I'm not the first to point this out, but posting *three* *shorts* *in* *a* *row* that are all extracted from *the* *same* *video* is not exactly a sign of good things to come. Get your shit together, Reason.

Way too reasonable for the American electorate.

Not financing useless degree that have a negative return on investment is another way to minimize defaults

Find a job where the company pays for your college education, study at night and on weekends. Get a degree in six years.

People signed a legally binding contract to pay on their loans. I have bills I don't feel like paying. Can I get the government to float my bills too?

I’ve thought that the Fed ought to implement a policy which only allows student loans to pay for education in stem and medical. Or at-least provide loans in proportion of expected wage for the degree holder. Loans should be curtailed to the borrower based on their merit and focus.

Maybe the job market should make it so that a college degree isn't required in order to get a good paying job with benefits and allow for other experiences and types of education to qualify for such jobs. Saying "let them pay for their bad choices" is short sided when you more than not need a degree to get the job you want or the lifestyle you want. Plus this would create more a discrepancy between the haves and the have nots. Essentially saying that only 18 year olds whose parents have enough money to send them to college (with ever increasing tuition) is setting up a system of inequality in the job market and in future earnings. So many people wouldn't go into this type of predatory debt, but they were told that it was the only way to achieve the American dream and our institutions knowing that the job market would keep dictating degrees as essential chose to capitalize on this

We need better career / job guidance for teens in middle school and high school. We need more clear paths for young people to see the benefits of the trades hvac, mechanic, carpentry, farming, etc. Not everyone wants to have or needs a college degree.

Quit pouring money into Colleges and universities and make them compete for the student dollar.

What about holding the person who takes out the loan responsible for their own debt.

No bankruptcy.

yes please lets have personal bankruptcies... Saying taht you wont get a loan because student debt made you bankrupt makes little sense. 45M Americans is almost half the employed population

So the college asks me to return and tells me it’s free now for my age. Then eliminate the loans I have. I didn’t get them 30yrs ago. I got them while a senior citizen! How about we take the entire loans of undergrads who were forced to quit and with IBR pay $0 each month and just knock them out first?

Why would we reduce it over time?

Can we do like the USA will match payment for one year, up to 10k

The problem with not having federal loans is many kids that did good in school don't qualify for free college can't earn enough for college and other expenses and both them and there parents can't qualify for loans. So in a free country that supposedly anyone can become anything if they work hard enough student loans are a necessity. You tell a kid from a poor family with a disability that though he is smart and capable that because he can't work two jobs while going to college that he will never amount to anything. I never earned shit when I was in college couldn't pay all of my bills sometimes but I wasn't in a university so they paid less and it was a long time ago and they paid less.

@roginutah

Жыл бұрын

Remove the 'degree'' requirement for ANY/ALL jobs. Give skills tests before hiring. Learn/prepare any way or anywhere you want. Hire based on (the EVIL) merit.

@patrickday4206

Жыл бұрын

@@roginutah my dad was an engineer worked on nuclear power plants he was trained by other civil engineers in exchange for not officially having a degree. We need to bring back those programs. But rich people have created a system where they want their kids to have greater opportunity than the masses. College degrees do that if you can send your child to Harvard or somewhere like that they will get better jobs then other people.

@roginutah

Жыл бұрын

@@patrickday4206 Yup. Lot of truth to that.

Thank you.

Forgetting that you drive on a two way street is the true sign of a sociopath. This is wonderful activism with a means to an end. A loan is a gift huh? Contract law is abusive. Abuse the abuser as a form of closure. You deserve a painless happiness.

Ha ha ha. People still believe colleges are in the business of education or being reasonable. Yea that time has long since past unfortunately.

Just make public higher ed free like the other 1st world countries. The government lending students money (and often more than tuition) and the students using some of that money for tuition is too many steps. Just find public universities. We all benefit from an educated population. Private universities will still exist, too.

No forgiveness pay your bills

I do not think that reducing the amount of federal student loan money will have the effect that you are hoping for, as there will be too many complaints that it limits access to higher learning. What would be better is to make the institutes of higher learning guarantors of the debts of their students. That way, the schools finally have skin in the game and they will finally have an incentive to control costs and ensure value for money.

@roginutah

Жыл бұрын

Might be best to have tests at the job you're applying for and drop the 'degree' requirements. Then you could prepare on your own or at a school. But that would be the much hated 'meritocracy' wouldn't it?

@martinlutherkingjr.5582

Жыл бұрын

@@roginutah Employers are too lazy for that, easier to filter by degree until they start to find it’s not working. Software companies have recognized filtering by degree is not working very well.

Existing student loans were made at a specific risk matrix, heavily factoring that the government guaranteed them and they are not dischargeable. Changing that on existing loans would be about as bad as forgiving the debt en mass, just since different bad effects. New loans could forget the guarantee and non-bankrupt promise, and there will be less new loans with higher interest. The loaning institution may start to care about your grades and your degree. Universities want to be socialist paradises, but they want endless money. They will oppose any change to the status quo. I think they should be in the hook for producing economically viable graduates, their cash stream should be strongly affected by that.

Nah

Why is this even still a question?

You are trying to use logic and REASON to argue with people that think they are actually entitled to tangable things, like health care and a college degree. Good luck.

it's ursury lending - so fix that. As far as bailing out people who make bad choices, no I don't support that. Be responsible for the contracts you enter into.

We're only talking about forgiveness on Federally owned debt though. No political figure is remotely suggesting paying off my privately owned debt. Frankly Reason is advocating for inefficient government to take money from young people who are struggling to get the most basic goals accomplished. Family, housing, etc

@BrooklinFunkProject

Жыл бұрын

And why do young people get preferential treatment? Just make good decisions like not getting a "studies" degree. Get a job, and pay your debt. LIKE EVERYONE ELSE !! Such entitlement it's peverse.

@BlackishBear

Жыл бұрын

@@BrooklinFunkProject Entitlements like the old get? Used to cost 2x median annual salary of the average Joe to buy a house. Thanks to the real estate lobby that number is more like 7-8x. The old pulled the bridge up behind them on this one.

@BrooklinFunkProject

Жыл бұрын

@@BlackishBear Of course, that same generation responsible for putting women in the workforce, causing deflation in the labour value. Also the same people that created corporations to take and profit from the mother out of the home causing a huge increase in disposable wealth and larger families, all of whom one day will have to compete in the marketplace for jobs; resulting in lower average mean wages as the fields become saturated with an influx of experts. This is far deeper than a quick grab from a lobby group like you imply. You can't fix broken with stupid.

I'm guessing that she was on a full ride scholarship that has now made her feel indebted to students that pay the premium......yawn....stop thinking about how you feel hahaha

But isn't this objectively bad result the result that they want, and when they get it, they'll blame something else caused it?

It also transmits a message that our government is irrevocably irresponsible when it flips the finger at responsible Americans who hunkered down and paid their student loans, while sending a message to those who have not to default on their loans while awaiting loan forgiveness.

The student can pay the loan every month in small amounts for years. It's good to think how lucky the student was to be able to get a student loan, which is her responsibility to pay for hopefully after college!!

@PvMLad

Жыл бұрын

The loan isn't the issue, it's the compound annual interest that's the issue as many people's repayments don't even beat the interest so the loan takes untill it's disbandoned to be paid off.

@benjamindover4337

Жыл бұрын

The availability of the loans is driving up tuition.

Howz bout a *JOB* ?

Tuitioon and debt aside, clean up the faculty. The woke retoric. The marxist teaching. The Confusious Institutes on Campus. None of this helps the future of the student nor does it contribute to a healthy vibrant society. The cost of tuition is secondary to the devisive environment.

In my opinion there's nothing wrong with student loans, I have some that I'm still paying off. The problem I have a student loans is that the government sends it off to other companies that charge interest rates so they can make a profit off of it. Student loan should be 0% interest because we are supposed to be helping our citizens to become better educated not kill them with life crushing debt that destroys their credit score and their ability to move forward in life.

@calholli

Жыл бұрын

Just be rich.. problem solved. Nailed it

@firstandforemost87

Жыл бұрын

Who wants to risk lending you money at 0% interest? All risk, no return?

@KMF3

Жыл бұрын

You can get crushing debt by buying anything. A college is a business just like any other business. The only way to have 0% interest rate is for the government meaning me the taxpayer paying your bill.

@privatecitizen4001

Жыл бұрын

Well right now its zero risk all reward to the lender.

Corruption

STOP calling yourselves libertarians. That’s first and foremost. Any libertarian who has half a brain is pragmatic and realistic. You don’t mess with over a trillion dollars in student debt with a KZread Short skit. It’s done. $30 Trillion in total federal government debt is enough to sink ten countries. Just enjoy the show and calm down.

The actual answer to to get the State completely out of education, and to do it instantly. Then and only then can the market heal what the State has broken.

This is the best summary of this issue I have ever come across. I'm adding it to my argument holster.

Except that: the money has already been paid on behalf of students by the taxpayers, so nobody is being "bailed out", half of the $1.8 trillion owed is accrued compounded interest, the US Government has violated the terms of the student loans issued for millions of people by raising the fixed, yes I said FIXED, interest rates often without telling students and in direct violation of the loan agreements. So total forgiveness is the best route, because bankruptcy would simply cause greater financial harm to already struggling people with student loan debt. The mentality shown in this video is conservative talking point BS that ignores many key facts. Tuition increases are in direct response to inflation and increases in cost of living standards, as well as the constant need for universities to innovate and upgrade technology and equipment as well as paying Professors a salary they can actually live on. The best answer to student loan debt is to change things; first by a total waiving of the current Federally held student loan debt. Doing so will not increase the national debt, will not increase inflation, and will not increase the tax burden. Secondly, the student loan system needs to be changed to a 0% interest rate, with a 10 year forgiveness if a person can't pay the loans off in 10 years. Doing this means that students will no longer see all of the monies they pay towards their student loans going only to accrued interest but instead towards the actual principle of the loan. Right now, with interest rates as high as 25% on some Federally issued student loans, it is impossible to do this with the stagnant wages in the US. Third: fix stagnant wages. If you make $10/hour right now in the US you're earning less than minimum wage in 2009. The minimum wage, had it kept up with inflation would be $18.30 per hour today. Had it kept up with living costs, it'd be $27.69/hour. If a person was actually earning what they were worth with their degrees, paying off the student loan debt wouldn't be an issue. However, due to multiple bad policies over the last two decades and two recessions, the cost of living has skyrocketed while actual wages have dropped significantly.

How is an education a bad decision? Helping low income people get rid of that particular debt or greatly reducing it is not a horrible thing. It is not rewarding the insuring because they got their money long ago so either way they do not care. Also is don't great you complaining about other programs such as the Injured Negro College Fund, or full ride scholarships.

Allow personal bankruptcy for debt owed to the US Govt sets up a moral hazard. The federal gov should have never taken over the loan program and tax payers shouldn’t be left paying the debt.

@adventurenoob7181

Жыл бұрын

The vast majority of student loans are through the US Gov and are automatic loans directly to the student without a credit check or co-signer

@whousa642

Жыл бұрын

Extremely good point.

Or you go to a college you can afford and work to pay for it while your in school. I waited tables the entire time. As a result I have no loan debt. Stop whining and get to work.

Switching student loans over to grants and scholarships would help.

@RealMTBAddict

Жыл бұрын

Why a grant? No guarantee that a job will be waiting upon graduation.

@gregnulik1975

Жыл бұрын

@@RealMTBAddict Then why go to college at all ?

@RealMTBAddict

Жыл бұрын

@@gregnulik1975 no clue

@trianglesandsquares420

Жыл бұрын

@@gregnulik1975 People go to college also to get an education, something that is often subpar or even borderline missing in the supposedly guaranteed public education system. You can learn reading and 'rithmetic, but if you want to be considered more than a peasant, you have to go to college.

@gregnulik1975

Жыл бұрын

@@trianglesandsquares420 So you can be a poor, ''edumacated'' peasant, so I've heard.

This channel is the mouth of Sauron

@firstandforemost87

Жыл бұрын

Why?

@hamdoudou1

Жыл бұрын

@@firstandforemost87 it articulates the interests of the powerful and rich under the disguise of reason

What about the millions or bullions that were handed out to the banks in 2008? And, what about the millions were forgiven for the conservatives Republicans who had their PPP Loans forgiven? Your sideways logic is baffling to a thinking individual like myself. Get in touch with reality. Peace

Couldn’t have said it better. Paying off other peoples bad decisions and rewarding the overpriced institutions! Amen!

well put. 40% of “student debt” is lawyers, doctors, bureaucrats of all kinds. this is a giveaway gift

@xxxBradTxxx

Жыл бұрын

Also a bunch of Software engineers have debt. I make 60k as a junior dev and have 10K in debt. I'll pay it off by next April. I definitely don't need a bailout.

Honestly one of the most beautiful women I've ever seen.

You know who doesn't care about American student loan policy? People that don't use Federal Reserve notes.

They don’t just use that money to go to school they can use it for whatever they want rent, travel, drugs, dates, drinking, buying a car, and whatever nefarious expensive activity they might have.

REASON tv? Hahaha

@macdietz

Жыл бұрын

Uh. Yeah?

Yes! Most people don't know that you actually CAN file for bankruptcy on student loans.

@fortusvictus8297

Жыл бұрын

No, you cannot. Unless your student loan was a private loan with a bank, then it is not a Federal Student loan and wouldn't qualify for the 'forgiveness' anyway.

colleges should take out the rock walls, gaming centers, and other such park like attractions. This will decrease the cost of college.

Can you imagine if they forgave all student debt? Debt forgiveness counts as income and the person forgiven would need to pay taxes on that.

@roginutah

Жыл бұрын

Aren't taxes already being retained for unpaid student loans? Getting SOME money back, that way. Forgiving loans would mean they owe about 14% in taxes? Getting an 86% discount, right? They already owe 100%. Why lower it to 14%? Lesson learned will be: Just borrow whatever! Wait long enough and they'll just forgive/forget about the money you borrowed. Doesn't matter what you promise or sign.

Last WARNING REASON, stop SPAMMING these videos, it does not make you more right or less wrong. This issue has been decided, the Government had an active role in making these bad loans, they have at least some responsibility for them. STOP SPAMMING THE SAME VIDEO.

Bad decisions? Bruh if anything they're making bad decisions by giving kids money lmao

Or we could just stop all government student lending. We shouldn't still be issuing loans at the same time were "forgiving" them.

All good ideas which means they are probably doomed.

Aaaaand the responsible get the bill.

Great point...