Trump’s new Secretary of Education has announced that the COVID-19 student loan deferments are, after a half-decade, finally about to expire. Time to pay off the $200,000 loan you took out against a Queer Studies degree!
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At the Stargate
May 22, 2025
3 Comments
If student loans are so horrible that they need ‘forgiveness’, then the first step should be banning them going forward.
Then we can talk about how much of the colleges endowments we should confiscate to apply to paying them off – since obviously the college didn’t provide the promised product.
I went to a state medical school. It was so inexpensive that I paid for room and board the first quarter by selling my bicycle (admittedly an extraordinarily nice bike made from parts I accumulated from a friend who raced for Princeton) and the second quarter by selling my sound system (Again nice, bought with years of being a yardman for 3 “estates”near my house from the age of twelve). That couldn’t happen these days by a long shot. And even doctors don’t make what you think. Hospitalists a few years ago were guaranteed $45K/year out of school. Some Pediatricians… Read more »
“The cost of college is too high, mostly because of cheap student loans. Colleges used this money in large part to fund a lot of useless administrators …” There’s the problem, the foxes were put in charge of the henhouse. When the administrative people who make financial decisions are offered a way to increase their lot they are always going to go for it. Why wouldn’t they? After all, they work in institutions where tradition, loyalty and honor are laughingstock. Where everything is about “power” according to modern neo-Marxism, and where they can justify any sort of perfidy behind a… Read more »
Lots of good ideas. You think federally guaranteed student loans can ever be cut? Seems too popular.
I think those sorts of loans could either be cut out entirely OR restructured to be much, much stricter as to qualifications. Probably start with tightening up the system to clear out the dross first, then move towards eliminating it altogether. If the hoops you have to jump through to get a federally guaranteed loan are harder and higher than other sorts of loans then people will move away from them. Newt Gingrich says, “It’s all in the messaging.” I don’t know about “all” but the messaging is an important part too. The reasoning and messaging for that will be… Read more »
I’m surprisingly hard a** about government loans for education. Unless it is for a government job that is constitutional, forget it in general. Government always messes things up. If job exists that could pay off a loan, lending institutions will figure it out….or go out of business. Ain’t free market grand? Only exception would be if Government has its fingers on the scales of the lending institutions. That’s in effect what is happening now, and see how that has worked.🤮 The only thing I can see other than that is charities. Those are voluntary. Government isn’t.
While I agree with you completely, there are political realities to consider also. You’re in the “If wishes were fishes we’d all cast nets” box. I’d be happy as hell if the end result were as you describe. It’s getting there that is the real challenge. I don’t think this is realistically in the range of Donald Trump’s Magic Pen. Reforming this system has to come through Congress. It was Congress that created this mess and Congress is going to have to solve it. The Trump Administration could spearhead an effort to that end. The problem is doing it in… Read more »
Do we need to chip in and buy Scott a new shirt?
I had loans. I was responsible to pay them off – or go to court to get wages garnished. Is the cost too high these days for college? Are colleges charging too much money for worthless classes? Who in the hell cares!!! These folks decided to take the risk, as such THEY take on the responsibility to payback what they owe. They could have gone to low cost city college and transfered credits to lower cost state schools to save, but instead went to massively overrated private Ivy Leagues and paid orders of magnitude more $ for leftist indoctrination by… Read more »
Thank you, thank you, thank you! (:
Even if we forgave their debts;
they would still smell like hamsters and have the IQ of elderberries.
OMG, a breath of fresh air in the wilderness of dank, dark, Utopian thought where every kid is useless unless he has a college degree (funded by the taxpayer).
I don’t give a damn about the politics. I care about what is right versus wrong. You want something you can’t afford right now? Great. Sign a note. And then repay that note when you’re supposed to, on time, and without BS.
So tired of non-accountability (most of which is driven by government).
I didn’t get a student loan. It just took me 25 years to finish that degree, with no debt at the end of it. I don’t want to pay for someone else’s degree unless it were my child, and even then I would think long and hard… not to be mean, but… accountability
I hope y’all realize that the vast majority of those loans are going to default and never be collectable. If some numbnutz took out a loan to pay for a degree in a field where there are no jobs and no demand, like gender/queer studies and that kind of drek — That numbnutz is not going to HAVE any money to pay back the loan. People can’t pay back money they don’t have. They just can’t. It’s the old “can’t get blood out of a turnip” thing that everyone ought to be very familiar with. Steve and Scott both framed… Read more »
Both sides have good points, and I offer a good halfway point where both sides will agree. Here is where I weighed in four years ago:
The Conservative Case for Student Loan Forgiveness