Lord_Baull: Jim_Callahan: The student loan interest rate is gonna double? So now it'll be, what, a whole 0.02? How very outrageous and worth spending campaign and legislative time arguing about.

//The issue with student loans is the principle, there almost isn't any interest. Above number is hyperbolic, but seriously it's like 1-2% and doesn't start compounding until you're graduated (or dropped out). Deal with it.



But spending millions of dollars on faith-based initiatives is still okay, right?

At least the church does some good things, helps some people in need. Paying for people to take a dump on a canvas, smear it around and call it art or determining if female hamsters feel less frisky if they are sleep deprived. I could have given them the correct answer on that one for free, I'm gussing the rest of you could as well.

It is amazing how tone deaf the GOP is. For weeks we've been hearing stories about how college students aren't as enthusiastic for Obama as in 2008. How does the GOP respond to this? By grooving an anti-student meatball over the heart of the plate. Incredible.

Win or lose, this issue is a slam dunk for Obama.

Sergeant Grumbles: Interest on student loans compounds the instant you take out the loan, is in the 4-8% range, more for private loans, and current rules force students to pay back the accruing interest while they're in school.

Nope. Not picking on you, but I haven't seen one poster get it right yet (and I apologize if I missed a correct one)

1. Subsidized loans -- no interest until 6 months after you leave school (graduate or otherwise). What do you think the "subsidized" means?

2. Unsubsidized loans -- interest start immediately. Repayment starts 6 months after leaving school. You can, but are not required, pay part or all of the interest while in school.

Creative Woody: skullkrusher: Creative Woody: karnal: Grables'Daughter
(favorite: Princess)
OregonVet: That was pretty cool. And I'm an old codger.
Glad to hear it. I am not an old codger, and I think that was just awesome. That guy is just so... smooth.


Smooth like a snake!


Why do right-wingers always feel the need to reference the cock or blow jobs?

because blowjobs are pretty good?


So is ice-cream, but they're not fixated on getting waffle cones shoved down their throats.

some are. "Waffle cone" is a euphemism for "penis", right?

Jim_Callahan: In those first four years if you don't have those generous parents there are quite a few grants and scholarships floating around as well.

Scholarships are a joke these days.
Write an essay, compete with 100,000 other students for best essay: Reward? $500 towards the cost of your education.
fark, I got a prestigious art & design scholarship for my schoolwork. I received $1000 for the year. Cost of tuition that year? $4000.
And until I was 25, my parents meager income prevented me from getting any grants whatsoever. I'm not sure why they think my mom's $60K/year salary would let her pony up $50K for my schooling, but I don't expect colleges or the student loan industry to operate based on reality.

<img src="http://i3.kym-cdn.com/photos/images/newsfeed/000/243/561/afc.gif" >

FAIL

Jim_Callahan: The student loan interest rate is gonna double? So now it'll be, what, a whole 0.02? How very outrageous and worth spending campaign and legislative time arguing about.

//The issue with student loans is the principle, there almost isn't any interest. Above number is hyperbolic, but seriously it's like 1-2% and doesn't start compounding until you're graduated (or dropped out). Deal with it.

I'm going to favorite you with the tag "baby boomer generation"

You old fark.

GoodyearPimp: 1. Subsidized loans -- no interest until 6 months after you leave school (graduate or otherwise). What do you think the "subsidized" means?

2. Unsubsidized loans -- interest start immediately. Repayment starts 6 months after leaving school. You can, but are not required, pay part or all of the interest while in school.

The recent laws, as of 2009, require unsubsidized loan interest to be repaid during school. I know, my younger sister had to deal with it, and was lucky enough her husband made good money (before being laid off).
As for subsidized loans, they're something very few people are qualified to get beyond the destitute poor. My mother, a single parent during most of my college career, made $60K/yr. That meant I didn't qualify for subsidized loans or Pell grants because my expected family contribution was greater than the threshold for those things. Nevermind my mom had to run a household, care for two kids, and put on into college.

Jim_Callahan: UNHbeta19: Not to pile on but only the interest is tax deductible, principal is not. Also, working a job that covers 30k (VERY conservative) tuition power year, plus another 10k for room and board, plus another 2k in books, fees, and other necessities, never mind any sort of recreation, while going to school full time, if simply a drop in the bucket.

Average cost of enrollment, total, is about 28k at large publics. Source. Note that that's for Cal, which has rather high housing costs.

Generally, a decent summer job can run you 5k or so over the course of a summer, and a part-time can net you maybe another 500-1k$/month, so you can probably reasonably cover about half that. That's a total of about 60k$ in debt over four years, which isn't the greatest thing in the universe but isn't necessarily crippling either, assuming you're in a degree that'll get you a job. I wouldn't major in musical theater unless you've got an awesome scholarship or really helpful parents, basically.

In those first four years if you don't have those generous parents there are quite a few grants and scholarships floating around as well.

Really, really, seriously stop. You aren't going to solve this one, and that's ok. To borrow a phrase from you, "Deal with it." Give up and move on to another crisis. You must be an expert in something, but financing higher education is not your thing.

pxsteel: Lord_Baull: Jim_Callahan: The student loan interest rate is gonna double? So now it'll be, what, a whole 0.02? How very outrageous and worth spending campaign and legislative time arguing about.

//The issue with student loans is the principle, there almost isn't any interest. Above number is hyperbolic, but seriously it's like 1-2% and doesn't start compounding until you're graduated (or dropped out). Deal with it.



But spending millions of dollars on faith-based initiatives is still okay, right?

At least the church does some good things, helps some people in need. Paying for people to take a dump on a canvas, smear it around and call it art or determining if female hamsters feel less frisky if they are sleep deprived. I could have given them the correct answer on that one for free, I'm gussing the rest of you could as well.

American churches do awesome things like paying settlements to the children raped by their employees and building megachurches in which they illegal engage in political activism.

gimmegimme: American churches do awesome things like paying settlements to the children raped by their employees and building megachurches in which they illegal engage in political activism.

You forget, if we eliminate all of the US's social safety programs, churches will pick up 100% of the slack.
/it's true, I saw it on Free Republic

Sergeant Grumbles: gimmegimme: American churches do awesome things like paying settlements to the children raped by their employees and building megachurches in which they illegal engage in political activism.

You forget, if we eliminate all of the US's social safety programs, churches will pick up 100% of the slack.
/it's true, I saw it on Free Republic

If churches stop getting that sweet, sweet tax money, who will teach those incredibly effective abstinence-only programs and remind our youth that the Flintstones was a documentary?

gimmegimme: If churches stop getting that sweet, sweet tax money, who will teach those incredibly effective abstinence-only programs and remind our youth that the Flintstones was a documentary?

Sharia law, of course.

Haha, I paid off my loans while they were at 2.4%, previously 6.8%. $20k in 4 1/2 years, It sucked having to live like a poor college student for a few extra years but at least its done.

Sergeant Grumbles: HawaiiE: Fortunately I got a good job with my degree, but I'm basically paying two mortgages right now, a 30yr fixed and 10yr sorta variable never sheddable albatross.

If more graduates could get good jobs, we wouldn't be hearing about student loan problems. I can easily pay my loans off if I can get a job that pays even less than average for my field.

The problems come when someone who went to school for free in the 70's thinks graduates today can pay off their loans with a job at McDonald's, all the while biatching about them not having industry experience.

Agreed.

I earned 2 B.S. degrees 12 years apart, so I can also assure you the problem has gotten much worse.

Unless you are rich and out-of-touch, then there is no problem.

LouDobbsAwaaaay: PanicMan: Jackson Herring: Gotta have some skin in the game!!!!!

As if there's anyone who DOESN'T have skin in the game. Unless your rich enough to change citizenship to the country with the lowest tax rates, ALL your skin is in the game.

Yeah I really can't stand that meme. It's the classic GOP "a big lie is easier to believe" psychology - it implies that the poor somehow are witholding more from the economy than the rich, which is obviously the exact opposite of reality. As if people intentionally work for so little money so they pay low taxes?

I think it means you dont have any cost (increase in taxes) when voting for a benefit.

HawaiiE: Sergeant Grumbles: HawaiiE: Fortunately I got a good job with my degree, but I'm basically paying two mortgages right now, a 30yr fixed and 10yr sorta variable never sheddable albatross.

If more graduates could get good jobs, we wouldn't be hearing about student loan problems. I can easily pay my loans off if I can get a job that pays even less than average for my field.

The problems come when someone who went to school for free in the 70's thinks graduates today can pay off their loans with a job at McDonald's, all the while biatching about them not having industry experience.

Agreed.

I earned 2 B.S. degrees 12 years apart, so I can also assure you the problem has gotten much worse.

Unless you are rich and out-of-touch, then there is no problem.



"I just love that there are people out there who get an education and get several part-time minimum wage jobs to pay their student loan bills! Sure, they can't go on vacation or give their children any of the advantages I've had, but it's what makes America great!"

Dusk-You-n-Me: RNC response.

[facepalm.gif]

HawaiiE: Agreed.

I earned 2 B.S. degrees 12 years apart, so I can also assure you the problem has gotten much worse.

Unless you are rich and out-of-touch, then there is no problem.


CSB time,

Got laid off two months ago. A few good interviews that went nowhere. Had an interview with a local gig. $15/hr, and the boss said he might be able to hire me if he could get the tax credit for on-the-job training since I was unemployed. Contacted me back later saying that I wasn't unemployed long enough to get the tax credit, so no final decision had been made. I offered to work for $12 for the first three months, to help with the lack of tax break. It's not something I can do forever, because of the loans, but I'd rather be working than not. I haven't heard back...
Seriously though, $12/hr for a two college degrees and a year of experience? That's too much? What the hell else can I do?
I have two more interviews next week, but I have no idea how those will pan out, given how farking erratic the rest of the job market seems to be. And in June, my loans come off of forebearance. If I'm working retail by then, I don't really know what to tell them. Seriously considering I'm not farking paying for the farking degree anymore, because it's done nothing for me in nearly three years of whoring myself out to get a job way below the average wage.

jigger: Painful.

Why is Jimmy Fallon in show business? Stop giving this man money, people.

History of Rap makes up for just about everything else.
part 2
Part 3

Can't find part 1 for some reason

ThatGuyGreg: Two degrees in what?

Graphic design and 3D design, though the year of experience is web design/software development. Feel free to make a crack about art degrees, but they pay well when the requirements aren't inflated.

Sergeant Grumbles:CSB time...

Damn, that sucks. Hang in there.

I went back for a BS in Nursing, and it still took me 6 months and a major relocation to land a job. I'm doing ok now, but it was touch-and-go-and-defer-payments-again for awhile.
I'm actually going to an interview today for a 2nd job so that I can make some extra money to allow the wife maternity time later this year, because the American Dream^TM does not include staying at home with newborns.

/more bootstrappy than any of the GOPers I know

Jim_Callahan: The student loan interest rate is gonna double? So now it'll be, what, a whole 0.02? How very outrageous and worth spending campaign and legislative time arguing about.

//The issue with student loans is the principle, there almost isn't any interest. Above number is hyperbolic, but seriously it's like 1-2% and doesn't start compounding until you're graduated (or dropped out). DeIal with it.

Is that you Mittens? You know how I know you're an out of touch idiot with no business commenting since you obviously have no clue how current student loans work? http://www.finaid.org/loans/scripts/interest.cgi

LOLOLOL!

The Preezy of the United Steezy?

The POTUS with the mostest?

So much win?

Pell yeah, Man.

Pell, yeah!

Good luck campaigning against THAT guy, Mittens.

He's still a farking rock star.

/Damn, I didn't even think it was possible to feel sorry for Mittens but I think I just did there for a minute.

LouDobbsAwaaaay: Sergeant Grumbles: The problems come when someone who went to school for free in the 70's thinks graduates today can pay off their loans with a job at McDonald's, all the while biatching about them not having industry experience.

THIS. Old people comparing new graduates today with their past selves is always annoying. "When I was your age I worked as a gas station attendant to put myself through school. Why don't you do that?" Why? Because this isn't 1950, there are no more gas station attendants, the pay is shiat, the cost of living is high, and school costs about 78000% more than it did when you got your degree in Buggy Whippery. And when they do graduate, there are no jobs for them to get.

Funny'd because of "Buggy Whippery". I choked on my jolly rancher.

Jim_Callahan
(...incorrect statement about loan rates, person correcting him...)
I stand corrected on the rate, apparently I had a better deal going through undergrad, though I'll note that that's still way the fark better than a private loan for basically anything. Upon looking it up, though, the in school deferment is in fact still a thing. And apparently payments are deductible, too, which would have been good to know a while back.

//Still a better deal to work while you're in school to pay down costs instead, but not by a whole lot. And hopefully people have worked out their planning at the proposed new rates since they've been on the FAFSA site along with the date of change since 2007.


My home loan (30 yr) is 4.5%. My car loan is 3.5%. My brother in law has a 3.75% 15 yr mortgage. An unsecured personal line of credit from Wells Fargo is 7%.

Kibbler: Next week: People with college loans should be ineligible to vote.

I'm sure the GOP's working on this.

/Given that their platform already is quite seriously 'don't have sex', I'm getting out my popcorn toppings.

karnal: Grables'Daughter
(favorite: Princess)

OregonVet: That was pretty cool. And I'm an old codger.

Glad to hear it. I am not an old codger, and I think that was just awesome. That guy is just so... smooth.



Smooth like a snake!



Um, princess?

/blushes

ThatGuyGreg: Oh, the right-wing butthurt will be long and deep tonight friends.

It will be glorious.

Who controlled Congress when this legislation was written and passed?

Lord_Baull: Let's see, what will be today's outrage? I know...
THIS IS A SHAMELESS PLOY TO CATER TO YOUNG VOTERS AND IS BENEATH THE DIGNITY OF THE OFFICE OF THE POTUS!!


Dusk-You-n-Me: Fox & Friends whining about appearance. Link



What do I win?

BeatrixK: an educated population benefits everyone.

Republicans would disagree.

Universities are bastions of liberal indocrination.

Obama is a liberal college professor, WHAT A SNOB!

Anti-war goverment ni