FARK.com: (7069720) Oh, PELL-no

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		Oh, PELL-no (rawstory.com)		20
		More: Amusing, Pell Grants, obama, student debt, slow jam, United Steezy, federal student loans, youth vote, The Roots

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5348 clicks; posted to Politics » on 25 Apr 2012 at 10:53 AM | Favorite | share:

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sweetmelissa31		2012-04-25 11:27:44 AM

4 votes:

Jim_Callahan: //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.

Seriously though, the issue with student loans is that teenagers are told they need a college education in order to get a good job, but once they graduate there are very few jobs to be found, even with a science degree. So a young person is burdened with tons of debt and no job, and tuition costs keep rising, even for public schools. It's a huge societal issue that can't be summed up by "deal with it."

LockeOak		2012-04-25 11:22:44 AM

3 votes:

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.

They are currently 3.4%, set to increase to 6.8%. Only subsidized loans don't generate interest while you're in school, unsubsidized loans do. Student loan debt is already larger than credit card or auto debt, and is largely held by those early in their careers and thus making less money. That's why it's a big deal.

Carth		2012-04-25 11:05:57 AM

2 votes:

I think student loans should be charged the same interest rate banks were able to borrow money during the bailout.

PsiChick		2012-04-25 04:08:05 PM

1 votes:

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.

what_now		2012-04-25 01:59:42 PM

1 votes:

Oh, and the Pell is a grant, not a loan. The GOP wants to slash it though, because it only goes to the very poorest of the poor students, and f those guys.

what_now		2012-04-25 01:57:46 PM

1 votes:

Sergeant Grumbles: The recent laws, as of 2009, require unsubsidized loan interest to be repaid during school.

No they don't. Not on Federal Direct Loans. On Parent PLUS, yes.

gimmegimme		2012-04-25 01:32:25 PM

1 votes:

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.

www.csmonitor.com

"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!"

gimmegimme		2012-04-25 01:16:31 PM

1 votes:

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		2012-04-25 01:07:07 PM

1 votes:

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.

Skanque		2012-04-25 12:51:05 PM

1 votes:

gimmegimme		2012-04-25 12:29:35 PM

1 votes:

"Deal with it" is the new "Fark you, I got mine."

Sergeant Grumbles		2012-04-25 11:46:20 AM

1 votes:

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.

yourgodsucks		2012-04-25 11:26:57 AM

1 votes:

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.

Yeah, people don't go into paroxysms over a small percentage increase in taxes, so why should student loan interest rates deserve a second though?
Hell, quadruple the rates on those elitist commies.

UNHbeta19		2012-04-25 11:25:16 AM

1 votes:

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.

You are wrong on just about every issue you just mentioned (you must be Fox news educated)

Stratford Subsidized is is currently 3.4% for undergrad and 6.8% for grad. Unlike other debt there its no way to default. Interest starts day one. Reading your "facts" it becomes very evident that you never had the need to look into student loans, so I guess your ignorance is excused

GhostFish		2012-04-25 11:14:29 AM

1 votes:

mightybaldking: There's got to be some way this automatically makes Sarah Palin president.

In this case, I think it automatically makes Tina Fey as Palin President.

LockeOak		2012-04-25 11:10:43 AM

1 votes:

Expolaris: All i want is Obama to slow jam the next state of the union address....

That would be cool, but I have the feeling Biden would bust out his axe and shred whenever there was an applause line, breaking the groove.

Lord_Baull		2012-04-25 11:09:13 AM

1 votes:

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!!

Jackson Herring		2012-04-25 11:06:26 AM

1 votes:

sweetmelissa31: He only did it to draw attention away from the Michelle Obama Sweating Scandal from yesterday. Wagging the dog, as it were.

Excuse me the scandal was NOT about Michelle Obama sweating, it was about Michelle Obama and some other people sweating, typical lib always distorting the argument. Thanks a lot fartmelissa31

Grand_Moff_Joseph		2012-04-25 10:15:13 AM

1 votes:

Another illustration of how tone deaf the GOP is now. You'd think student loans of all things would be a no-brainer for any politician to support, but not these idiots.

Hell, yesterday, McConnell finally expressed support - as long as it was paid for by cuts elsewhere. Too bad he didn't feel the need to pay for two wars, a Rx drug debacle, and unnecessary tax cuts.

Grables'Daughter		2012-04-25 09:49:46 AM

1 votes:

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.

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