Bernie’s plan is not new but he is the one fully touting it. Though a Dem, I’m not fully behind him on this plan. I would forgive the interest and require payment of the principal only.
If the colleges would reign in their expenses regarding the heads of colleges……it’s outrageous….that’s why college is so expensive. Certainly the professors aren’t paid that good….think about it…..and then there’s the scandals….
Gue$$ wich political party makes the most money from student loans, excessive interest, and foreclosures? Gue$$ which political party Chip Bok $upportS?
The U.S. News & World Report studies show half of college students exit with college loans of zero to $15,000; three-quarters owe less than $27,000; less than 8% owe more than $50,000. The “Bernie” plan primarily rewards negligent students. The real solution is to again allow students to discharge college loans through bankruptcy. This would largely curtail the practice of giving money to students of bad for-profit schools.
Here is an article from the Washington Post on How many Freshmen Students Graduate. Something Bernie should think about before he starts the Free College Scam:https://www.washingtonpost.com/news/grade-point/wp/2018/06/08/why-do-so-many-students-drop-out-of-college-and-what-can-be-done-about-it/?utm_term=.d3426e2f0f43
On average a college graduate will make twice as much money over their life as a high school graduate. Why should the lower classes subsidize the upper classes? Don’t get a degree in a field that will not pay enough to pay off your student loan.
Nice try. You work hard to make these two grads look exactly alike, other than the fact that one is from a responsible, older generation and the other is a worthless young kid, not ready to repay what he owes.
The old gent, from the left, did not have a bureaucracy doing it’s best to extend the debt and squeeze as much as possible from the grad. That goof on the right, he does.
Predatory pay day loans are illegal. So too should our current onerous, usurious college loans. Just because it’s us, through the government doing it, make it right.
The system we have now student loans are basically a lifelong tax on a college education.
1) Make public college education tuition free.
2) Forgive outstanding student loans.
3) Suddenly former college loan holders now have all kinds of unexpected available income.
4) Now we can better tax that income outright, across the board. We gotta pay for that free college somehow.
State colleges used to be low cost or even free. Many students could pay for books, etc. with a part-time job.
There need to be more educated people to fill the jobs of the future. For those who are crying about illegal immigrants, a large number of them got to U.S. with anH1B visa and they just stayed.
In civilized nations, the costs of a college education are quite a bit less than here because it is considered part of the common good for the society to provide higher education for those who can qualify for it and make positive use of it. Of course, these same nations also have extensive apprenticeship programs for those who prefer other pathways. All of this is supported by the governments of these nations, often in coordination with the companies and educational institutions providing the training and education. We could try to join the rest of the first world countries, but, as with universal health care, we know ever so much better than they do how to screw over our own people…
I paid off my BA & MLS loans rather quickly. Difference is the cost was far lower than what kids have to borrow today. IMO the graduates should have to pay something on the debt but not to the point of drowning under it. I would also suggest the cost of higher education should be investigated. I have a relative who owes thousands for a worthless degree. He was/is a victim of the fraudulent online, for profit scams. We must protect our young ones from junk schools like Trump University and others.
We sent our girls to Cambridge. Their grades were good enough and their mum still holds her Scottish citizenship (well, ok, UK) There is no tuition and the cost of living in town is less than that if they were to go to Stanford, any UC campus, Harvard, Yale or any of the Seven Sisters or any other top rank university. And their family on their mother’s side is mostly in Scotland. That’s right, it’s cheaper for them to go to Cambridge than UC Berkeley or any other campus in the UC system as an in-state resident. Student loans have gotten out of control and need to be overhauled.
The US is the only country in the world, or at least the only country worth thinking about, so we can completely ignore all the experience of other countries which manage to provide education to their children at a much lower cost with better outcomes.
I don’t understand this “free stuff” BS, especially as applied to college. I attended Georgia Tech in 1958-1962, receiving a Bachelor of Aeronautical Engineering and a Master of Science degree. The cost of attendance in 1958 was $270 per year and increased to $360 per year before 1963; these charges were called “fees” not tuition, and covered, among other things, attendance at all athletic events and minor medical care at the school clinic. There was a reasonable cost for dorm rooms, meals and books, but the education was free. Apparently even the state of Georgia, which has not distinguished itself by its wise political actions in the intervening years, saw then the wisdom of ensuring an educated populace. Since then the Republican party has adopted the stance that any tax, no matter what it pays for, is bad. States have stopped funding state colleges and costs have skyrocketed. Most of those commenting here about “free stuff” are probably ignorant that free college was once the rule.
My political stance has as one of its bases that there are things worth taxing to pay for; that among those things are infrastructure, health care and education. These things are wise investments people, not “free stuff.”
The difference that I see in the two individuals in the cartoon is that the fellow who paid off his college loan will have a high credit score! The other fellow, not so much.
If the person on the left is just now paying off his student loans, he must have taken out those loans in the past 2 decades or he did not pay his loans when he was young and decided paying them off now helps his credit history and ability to get leans. In the mid-eighties I was able to work part-time and pay for tuition and other items such as, food, gas, housing, clothes, dating. The pay for part-time was a little above the minimum wage of the time.
Basically, the cost (again, corrected for inflation) for a public education has skyrocketed. Why is this? Well according to data compiled by the Chronicle of Higher Education, part of it can be attributed to declining public support:
Both options are wrong. Student debt shouldn’t haunt you for the rest of your life… but at the same time your education is an investment in your future that should cost something.
No Body mentions the GI Bill, that is the way I went to College and got my degree. Went for my masters, GI Bill expired half-way through and I never finished. Had nothing to do with money, I was just a few years from retirement, had a good job, so I decided not to continue.
Right wingers want us to spend money on “defense” and making sure that the rich, which they aspire to become, are enabled to get ever richer. Left wingers tend to support what citizens actually need: Access to good housing, food, health care and educations. It’s just a decision, folks: You have so much money to spend, and you have to portion it out. We would still be waaaay ahead of every other nation in terms of military spending if we cut ours by 1/3. And that would pay for a joyful lot of actually good things.
I’m going to vote for Bernie, too! Why? Bernie promised me a new Mercedes Benz, at your expense! Thanks Bernie!! And you? Get back to work! There are a number of people who “need” a new Mercedes too!!
Heh, note that by depicting an old geezer paying off his student debt, Bok somehow highlights the fact of people living under the shadow of debt all their lives…
Daeder almost 5 years ago
Okay, Chip. So explain to us why it’s better to live your whole life under massive debt?
preacherman almost 5 years ago
Bernie’s plan is not new but he is the one fully touting it. Though a Dem, I’m not fully behind him on this plan. I would forgive the interest and require payment of the principal only.
Zebrastripes almost 5 years ago
If the colleges would reign in their expenses regarding the heads of colleges……it’s outrageous….that’s why college is so expensive. Certainly the professors aren’t paid that good….think about it…..and then there’s the scandals….
DaBoogadie almost 5 years ago
I remember when student debt was managed with a part time job…Pre for-profit education.
RAGs almost 5 years ago
Chip feels so much better when others suffer.
walfishj almost 5 years ago
Gue$$ wich political party makes the most money from student loans, excessive interest, and foreclosures? Gue$$ which political party Chip Bok $upportS?
thelordthygod666 almost 5 years ago
The U.S. News & World Report studies show half of college students exit with college loans of zero to $15,000; three-quarters owe less than $27,000; less than 8% owe more than $50,000. The “Bernie” plan primarily rewards negligent students. The real solution is to again allow students to discharge college loans through bankruptcy. This would largely curtail the practice of giving money to students of bad for-profit schools.
stealth694 almost 5 years ago
Here is an article from the Washington Post on How many Freshmen Students Graduate. Something Bernie should think about before he starts the Free College Scam:https://www.washingtonpost.com/news/grade-point/wp/2018/06/08/why-do-so-many-students-drop-out-of-college-and-what-can-be-done-about-it/?utm_term=.d3426e2f0f43
V45mikky almost 5 years ago
On average a college graduate will make twice as much money over their life as a high school graduate. Why should the lower classes subsidize the upper classes? Don’t get a degree in a field that will not pay enough to pay off your student loan.
newyorkslim almost 5 years ago
I took out a second mortgage to pay for my son’s college. If the Democrats win, I’ll have higher taxes to pay for other people’s tuition. Hardly fair.
William Bednar Premium Member almost 5 years ago
Why should the new grad pay his debt when he can elect someone, like Bernie, to rob someone else, like the so called 1%, to pay it.
ideations almost 5 years ago
For some of us…fulfilling obligations is a virtue.
Ignatz Premium Member almost 5 years ago
Why is it so ridiculous to think that student loans should be at a reasonable interest rate, like they used to be?
Why are we letting banks gouge teenagers?
Usury used to be considered a BAD thing.
Durak Premium Member almost 5 years ago
Nice try. You work hard to make these two grads look exactly alike, other than the fact that one is from a responsible, older generation and the other is a worthless young kid, not ready to repay what he owes.
The old gent, from the left, did not have a bureaucracy doing it’s best to extend the debt and squeeze as much as possible from the grad. That goof on the right, he does.
Predatory pay day loans are illegal. So too should our current onerous, usurious college loans. Just because it’s us, through the government doing it, make it right.
The system we have now student loans are basically a lifelong tax on a college education.
1) Make public college education tuition free.
2) Forgive outstanding student loans.
3) Suddenly former college loan holders now have all kinds of unexpected available income.
4) Now we can better tax that income outright, across the board. We gotta pay for that free college somehow.
Nantucket Premium Member almost 5 years ago
State colleges used to be low cost or even free. Many students could pay for books, etc. with a part-time job.
There need to be more educated people to fill the jobs of the future. For those who are crying about illegal immigrants, a large number of them got to U.S. with anH1B visa and they just stayed.
Bob. almost 5 years ago
All Bernie is doing is trying to buy votes.
martens almost 5 years ago
In civilized nations, the costs of a college education are quite a bit less than here because it is considered part of the common good for the society to provide higher education for those who can qualify for it and make positive use of it. Of course, these same nations also have extensive apprenticeship programs for those who prefer other pathways. All of this is supported by the governments of these nations, often in coordination with the companies and educational institutions providing the training and education. We could try to join the rest of the first world countries, but, as with universal health care, we know ever so much better than they do how to screw over our own people…
Librarylady almost 5 years ago
I paid off my BA & MLS loans rather quickly. Difference is the cost was far lower than what kids have to borrow today. IMO the graduates should have to pay something on the debt but not to the point of drowning under it. I would also suggest the cost of higher education should be investigated. I have a relative who owes thousands for a worthless degree. He was/is a victim of the fraudulent online, for profit scams. We must protect our young ones from junk schools like Trump University and others.
Teto85 Premium Member almost 5 years ago
We sent our girls to Cambridge. Their grades were good enough and their mum still holds her Scottish citizenship (well, ok, UK) There is no tuition and the cost of living in town is less than that if they were to go to Stanford, any UC campus, Harvard, Yale or any of the Seven Sisters or any other top rank university. And their family on their mother’s side is mostly in Scotland. That’s right, it’s cheaper for them to go to Cambridge than UC Berkeley or any other campus in the UC system as an in-state resident. Student loans have gotten out of control and need to be overhauled.
lonecat almost 5 years ago
The US is the only country in the world, or at least the only country worth thinking about, so we can completely ignore all the experience of other countries which manage to provide education to their children at a much lower cost with better outcomes.
Radish the wordsmith almost 5 years ago
Republicans want you to pay through the nose for education.
In real countries where they care about people higher education can be free.
jack666 Premium Member almost 5 years ago
I don’t understand this “free stuff” BS, especially as applied to college. I attended Georgia Tech in 1958-1962, receiving a Bachelor of Aeronautical Engineering and a Master of Science degree. The cost of attendance in 1958 was $270 per year and increased to $360 per year before 1963; these charges were called “fees” not tuition, and covered, among other things, attendance at all athletic events and minor medical care at the school clinic. There was a reasonable cost for dorm rooms, meals and books, but the education was free. Apparently even the state of Georgia, which has not distinguished itself by its wise political actions in the intervening years, saw then the wisdom of ensuring an educated populace. Since then the Republican party has adopted the stance that any tax, no matter what it pays for, is bad. States have stopped funding state colleges and costs have skyrocketed. Most of those commenting here about “free stuff” are probably ignorant that free college was once the rule.
My political stance has as one of its bases that there are things worth taxing to pay for; that among those things are infrastructure, health care and education. These things are wise investments people, not “free stuff.”
Vidrinath Premium Member almost 5 years ago
Trillions for BushTheDumber’s war in the middle east which wasn’t funded? SURE!
TARP? SURE!
Tax cuts for billionaires? SURE!
Give our own kids a break? NNNNNNOOOOOOOOOOO!! ITS DIRTY DIRTY SOCIALISM! WE CAN’T AFFORD IT!
PoppaBob Premium Member almost 5 years ago
The difference that I see in the two individuals in the cartoon is that the fellow who paid off his college loan will have a high credit score! The other fellow, not so much.
Frankfreak almost 5 years ago
If the person on the left is just now paying off his student loans, he must have taken out those loans in the past 2 decades or he did not pay his loans when he was young and decided paying them off now helps his credit history and ability to get leans. In the mid-eighties I was able to work part-time and pay for tuition and other items such as, food, gas, housing, clothes, dating. The pay for part-time was a little above the minimum wage of the time.
DrPawl almost 5 years ago
What a load of tripe. Below are some data from 2006 (in 2006 dollars) showing how the cost of a college education has risen through the years:
https://nces.ed.gov/programs/digest/d07/tables/dt07_320.asp
Basically, the cost (again, corrected for inflation) for a public education has skyrocketed. Why is this? Well according to data compiled by the Chronicle of Higher Education, part of it can be attributed to declining public support:
https://www.chronicle.com/interactives/statesupport
Finally, the unemployment rate for college graduates is lower than for non-graduates and the expected income is much higher:
https://www.bls.gov/emp/chart-unemployment-earnings-education.htm
Given all of this, why would we not want to support public education?
Aliquid almost 5 years ago
Both options are wrong. Student debt shouldn’t haunt you for the rest of your life… but at the same time your education is an investment in your future that should cost something.
ElGato almost 5 years ago
No Body mentions the GI Bill, that is the way I went to College and got my degree. Went for my masters, GI Bill expired half-way through and I never finished. Had nothing to do with money, I was just a few years from retirement, had a good job, so I decided not to continue.
Scoutmaster77 almost 5 years ago
Mr. Bok, laughing at you, not with you.
Union Man almost 5 years ago
You want free college? Come out of high school, do 2 years in the military, then go to college on the government. Win, win!
Concretionist almost 5 years ago
Right wingers want us to spend money on “defense” and making sure that the rich, which they aspire to become, are enabled to get ever richer. Left wingers tend to support what citizens actually need: Access to good housing, food, health care and educations. It’s just a decision, folks: You have so much money to spend, and you have to portion it out. We would still be waaaay ahead of every other nation in terms of military spending if we cut ours by 1/3. And that would pay for a joyful lot of actually good things.
William Bednar Premium Member almost 5 years ago
I’m going to vote for Bernie, too! Why? Bernie promised me a new Mercedes Benz, at your expense! Thanks Bernie!! And you? Get back to work! There are a number of people who “need” a new Mercedes too!!
jqmcd almost 5 years ago
Heh, note that by depicting an old geezer paying off his student debt, Bok somehow highlights the fact of people living under the shadow of debt all their lives…