sleepybeagle said:

---

---

It's only hard if one makes stupid decisions in their life.

For those of us who put one iota of thought into life choices, it's pretty much a piece of cake.

Teslag said:

---

I took out thousands in loans for an online graduate program years ago before I went to WOCS. I would immediately drop all of my classes both semesters after enrollment day. I had $40k in student loan repayment in my then enlistment contract but no loans. So I used them to buy a truck in cash, then used the army student loan repayment to pay them off since they weren't tied to academic progress.

---

So you've committed fraud in addition to all the other slimy thing's you've done.

What a great human being you are.

Logos Stick said:

---

That's not going to happen. Biden will pause them again.

He'll get sued for breaking the law and it'll take until after the election to be resolved.

---

Correct me if I'm wrong but wasn't a stop in the pause part of the debt ceiling deal? So it's now law that he cannot extend the pause any further?

Ag_of_08 said:

---

Ezra Brooks said:

---

My car note represents about the same headwind on my budget - but I don't see anyone wanting to forgive me on that payment.

---

And when you can't pay it, it can be discharged in a bankruptcy as well. Make student loans the same as every other investment related loan, and the comparison is valid.

---

Okay, lets stop backing them federally and let lenders take the risk on who to lend how much to. Almost overnight you will see entire departments on most campuses disappear when people find out that banks won't lend you money for a worthless degree in lgbtq studies, or gender studies, etc.

I feel bad for people entering some professions that require a college degree but also don't pay very well.

Think about your local assistant prosecutors, public defenders, teachers (the good ones), social workers, etc.

These are very needed public service professions that are increasingly expensive to enter thanks to tuition increases but without much financial reward.

If there's any sort of debt forgiveness on the table, it should always be structured around public service.

I have zero interest in using my tax dollars or printing money to hand to people with gender studies degrees or other useless invented sociology indoctrination that doesn't do anything to serve society. Would much rather use my tax dollars and/or print money to give to people who are actually doing good for the community.

Maroon Dawn said:

---

Logos Stick said:

---

Maroon Dawn said:

---

Logos Stick said:

---

That's not going to happen. Biden will pause them again.

He'll get sued for breaking the law and it'll take until after the election to be resolved.

---

Not if SCOTUS rules he cant

---

They will rule that, but it has to make its way through the courts. That's the strategy.

---

Aren't they set to rule on this shortly?

---

Quote:

---

The Second Amendment is a doomsday provision, one designed for those exceptionally rare circumstances where all other rights have failed where the government refuses to stand for reelection and silences those who protest; where courts have lost the courage to oppose, or can find no one to enforce their decrees. However improbable these contingencies may seem today, facing them unprepared is a mistake a free people get to make only once.

---

Here it comes, as we were warned.

chris1515 said:

---

If the money is coming out of those borrowers pockets….whose pocket is it going into?

The other side of this transaction is there is someone that hasn't been paid what they are owed for three years.

---

You are the other side of the transaction. 90+% of student loans are owned by the federal government.

That's why Dems want to forgive them because the money no longer matters once its in the hands of the federal government. That's been the plan since Obama finagled ownership of student loans in 2010. Get the youth hooked on the govt teat via loans and you've now secured Dem voters for decades just like LBJ did.

Teslag said:

---

I took out thousands in loans for an online graduate program years ago before I went to WOCS. I would immediately drop all of my classes both semesters after enrollment day. I had $40k in student loan repayment in my then enlistment contract but no loans. So I used them to buy a truck in cash, then used the army student loan repayment to pay them off since they weren't tied to academic progress.

---

I truly hope this type of unethical action is not frequent for you.... This speaks volumes about character, or lack thereof.

JohnLA762 said:

---

Anyone who hasn't been paying on their loans just because they didn't have to is a moron. I look forward to their tantrums.

---

I know several people who are flipping their **** about having to start paying again because they spent those $$ without ever taking into consideration the likelihood of going back into repayment. Pretty much all of them think they deserve to have their loans forgiven without any actual justification as to why. I have zero sympathy for them.

The whole student loan program needs to be burnt to the ground and rebuilt in a way that reigns in out of control college costs and de-incentivizes students taking out excessive loan amounts.

Not a Bot said:

---

I feel bad for people entering some professions that require a college degree but also don't pay very well.

Think about your local assistant prosecutors, public defenders, teachers (the good ones), social workers, etc.

These are very needed public service professions that are increasingly expensive to enter thanks to tuition increases but without much financial reward.

If there's any sort of debt forgiveness on the table, it should always be structured around public service.

I have zero interest in using my tax dollars or printing money to hand to people with gender studies degrees or other useless invented sociology indoctrination that doesn't do anything to serve society. Would much rather use my tax dollars and/or print money to give to people who are actually doing good for the community.

---

The reasons the tuition and fees have gone up so much are:

1) Because we have decoupled the value of the degree from the cost to get it by making student loans so easy to get and backing them with federal guarantees. If the banks funding the loans had to rely on people to actually pay them back, they would never make 90% of the loans they are making right now. If the banks will loan anything to anybody for any degree, why not raise the tuition and fees, because the students will just take out bigger loans to pay them.

and

2) With that "easy money" of higher tuition, colleges have gone on an orgy of hiring administrators and staff and propping up brand new departments and degree programs offering popular but worthless degrees to students willing to take out loans to pay for them. If you graph the cost of a college degree alongside the growth in administrative staff, the growth in administrative and faculty salaries, and the growth of student loan debt, they will match up really closely. But if you add a line showing the "value" of the average degree, you will see that it has not grown nearly as fast.

Easy solution. Take away federal backing for student loans and let the financial institutions take the risk on who they give loans to. The # and amount of loans will go WAY down. The universities and degree programs not offering good values for their degree costs will have banks unwilling to loan their students money to attend. Ultimately, the universities will have to reduce the costs back to a level that is commensurate with the value their degrees provide to the students, which will result in the elimination of a lot of useless administrators and shutting down departments and degree programs that can't demonstrate that their degrees are worth what they cost.

AggieUSMC said:

---

Logos Stick said:

---

That's not going to happen. Biden will pause them again.

He'll get sued for breaking the law and it'll take until after the election to be resolved.

---

Correct me if I'm wrong but wasn't a stop in the pause part of the debt ceiling deal? So it's now law that he cannot extend the pause any further?

---

It is. But what is to stop him?

He can get real creative and allow those that can't pay have a deferment or some outrageous repayment terms, ie $10 per month for the rest of your life on a $50k loan, which is effectively outright forgiveness.

I'll take a bet that it doesn't return to what the law intended.

These people no longer follow the law.

Ezra Brooks said:

---

My car note represents about the same headwind on my budget - but I don't see anyone wanting to forgive me on that payment.

---

Well having a car is a luxury, but "higher" education is a right. /says idiot leftists who don't understand rights vs luxuries

AggieEP said:

---

Teslag said:

---

AggieEP said:

---

Teslag said:

---

I took out thousands in loans for an online graduate program years ago before I went to WOCS. I would immediately drop all of my classes both semesters after enrollment day. I had $40k in student loan repayment in my then enlistment contract but no loans. So I used them to buy a truck in cash, then used the army student loan repayment to pay them off since they weren't tied to academic progress.

---

This is sad to read. Thoughts and prayers for any children you rear since integrity is certainly not part of how you make decisions.

You essentially defrauded the government into buying a truck for you.

---

Fraud is a legal construct. I did not violate any law and acted complete within the contract I entered into.

---

I am 100% positive that if you inform the Army that you took out student loans with zero intent of making academic progress, but rather to buy a truck with those funds, the Army would have an issue with it.

As a tax payer you should have an issue with people abusing loopholes to enrich themselves with government money meant for specific purposes.

---

Tesla already admitted to getting 100% disability checks (like 4500/ month) for headaches and tummy aches. I'm guessing he doesn't care about a little lending malfeasance.

Ryan the Temp said:

---

JohnLA762 said:

---

Anyone who hasn't been paying on their loans just because they didn't have to is a moron. I look forward to their tantrums.

---

I know several people who are flipping their **** about having to start paying again because they spent those $$ without ever taking into consideration the likelihood of going back into repayment. Pretty much all of them think they deserve to have their loans forgiven without any actual justification as to why. I have zero sympathy for them.

The whole student loan program needs to be burnt to the ground and rebuilt in a way that reigns in out of control college costs and de-incentivizes students taking out excessive loan amounts.

---

all you have to do is make them dischargable in bankruptcy like any other unsecured debt.

AggieEP said:

---

Teslag said:

---

I took out thousands in loans for an online graduate program years ago before I went to WOCS. I would immediately drop all of my classes both semesters after enrollment day. I had $40k in student loan repayment in my then enlistment contract but no loans. So I used them to buy a truck in cash, then used the army student loan repayment to pay them off since they weren't tied to academic progress.

---

This is sad to read. Thoughts and prayers for any children you rear since integrity is certainly not part of how you make decisions.

You essentially defrauded the government taxpayers into buying a truck for you.

---

Fify

Does this actually surprise you with this poster?

Not a Bot said:

---

I feel bad for people entering some professions that require a college degree but also don't pay very well.

Think about your local assistant prosecutors, public defenders, teachers (the good ones), social workers, etc.

These are very needed public service professions that are increasingly expensive to enter thanks to tuition increases but without much financial reward.

If there's any sort of debt forgiveness on the table, it should always be structured around public service.

---

I agree PSLF should continue to be available for these reasons. I'm about to start working on my 4th degree and instead of just paying cash for it, I am intentionally structuring a financial aid package that is eligible for PSLF because my intention is to be a college instructor, which pays very poorly.

Quote:

---

I have zero interest in using my tax dollars or printing money to hand to people with gender studies degrees or other useless invented sociology indoctrination that doesn't do anything to serve society. Would much rather use my tax dollars and/or print money to give to people who are actually doing good for the community.

---

One really good example of a career path that often does not pay well is music degrees. I would argue that such degrees are not worthless and do produce positive impact for communities - I should know because I have one, but that being said, I have a friend who is currently teaching 68 trombone students because he's in his late 30s and still has $90K in student loan debt from the Manhattan School of Music.

Here is a really good video I like to share with students who are thinking about going to expensive music schools like Juilliard and Berklee:


You could take this video and make one very similar for a lot of other majors that have low-paying career paths, especially niche majors.

I think every student who takes out student loans should be required to submit a career development plan that shows how they believe they will be able to afford to repay the loans. If business owners have to submit a business plan when applying for loans, students should have to do the same. At the very least, it forces them to stop and think about their future employment and financial stability.

Loan forgiveness doesn't solve the issue. There is a demand for people with college degrees. College costs keep rising. People are getting saddled with massive amounts of debt they will never be able to pay back with the jobs they are being educated for. Loan forgiveness only solves one of those.

Removing federal loan backing would solve all the issues. Only people that can afford or are proven smart enough to go to college will attend, you won't be saddling thousands of people every year with ever increasing debt after they flunk out after 4 semesters, and since there will be less people going to college, the insane bubble on the cost of education will pop and will come back down to affordable levels, so that degrees like education aren't sunk costs.

You don't fix education by forgiving loans. You fix education by adjusting the HS curriculum so that it's the main degree that's needed for 70% of jobs, undergrad degrees for 20% of higher level jobs, master degrees for 8% of jobs, and doctorates for the remainder.

RGLAG85 said:

---

AggieEP said:

---

Teslag said:

---

I took out thousands in loans for an online graduate program years ago before I went to WOCS. I would immediately drop all of my classes both semesters after enrollment day. I had $40k in student loan repayment in my then enlistment contract but no loans. So I used them to buy a truck in cash, then used the army student loan repayment to pay them off since they weren't tied to academic progress.

---

This is sad to read. Thoughts and prayers for any children you rear since integrity is certainly not part of how you make decisions.

You essentially defrauded the government taxpayers into buying a truck for you.

---

Fify

Does this actually surprise you with this poster?

---

I guess the surprising part is openly admitting a crime on a message board. Maybe if we've got an army JAG in here somewhere we can get them on this. For fraud on this level where he stole 40,000 from the Army, it may not be too late for the Army to take action and recoup the funds from him or even ensure he cannot retire from the reserves.

It's one thing to force the jab on people, because technically that was DoD policy, but quite another to admit to a blatant crime. Even more disturbing since he was or is an officer, is that he doesn't seem to understand that what he did is a crime. Someone like this should not be leading men in defense of this country.

Teslag said:

---

I took out thousands in loans for an online graduate program years ago before I went to WOCS. I would immediately drop all of my classes both semesters after enrollment day. I had $40k in student loan repayment in my then enlistment contract but no loans. So I used them to buy a truck in cash, then used the army student loan repayment to pay them off since they weren't tied to academic progress.

---

What an embarrassing, disgusting, pos you are.

Not a Bot said:

---

I feel bad for people entering some professions that require a college degree but also don't pay very well.

Think about your local assistant prosecutors, public defenders, teachers (the good ones), social workers, etc.

These are very needed public service professions that are increasingly expensive to enter thanks to tuition increases but without much financial reward.

If there's any sort of debt forgiveness on the table, it should always be structured around public service.

I have zero interest in using my tax dollars or printing money to hand to people with gender studies degrees or other useless invented sociology indoctrination that doesn't do anything to serve society. Would much rather use my tax dollars and/or print money to give to people who are actually doing good for the community.

---

Hell no! Not as long as civil service employment rules exist.

JohnLA762 said:

---

Anyone who hasn't been paying on their loans just because they didn't have to is a moron. I look forward to their tantrums.

---

Agreed, but i invested my would-be payments and now make quite a bit more cashflow whereas i can use said cash for paying off loans easier.

Literally, everything I own is paid off except my house and loans.and a CC that is paid off each month.


People who didnt pay their loans and instead bought pot and vacations are morons though.

You're getting at the deeper and more problematic issue with student loans. They're no longer about students. Allowing students to get the notional benefit of having a means to pay for higher education is positive stated generally.

But the real purpose of the system now is to provide predictable cash flow to institutions while letting the "funder" - now functionally the government - stay in a cash neutral position (except over the last 3 years while the printing presses have subbed in for students in repayment).

Quote:

---

But the real purpose of the system now is to provide predictable cash flow to institutions while letting the "funder" - now functionally the government - stay in a cash neutral position (except over the last 3 years while the printing presses have subbed in for students in repayment).

---

I'd also add that it keeps unemployment artificially low by keeping a huge chunk of the workforce in a subsidized holding pattern.

Teslag said:

---

I took out thousands in loans for an online graduate program years ago before I went to WOCS. I would immediately drop all of my classes both semesters after enrollment day. I had $40k in student loan repayment in my then enlistment contract but no loans. So I used them to buy a truck in cash, then used the army student loan repayment to pay them off since they weren't tied to academic progress.

---

This person that brags about defrauding enlistment contract student loan payments (for a car instead of an education lol) also used to tell us that we had nothing to worry about with our taxpayer funds going to some Ukrainian conflict and it was all on the up and up.

The jokes write themselves.

AggieEP said:

---

Teslag said:

---

AggieEP said:

---

Teslag said:

---

I took out thousands in loans for an online graduate program years ago before I went to WOCS. I would immediately drop all of my classes both semesters after enrollment day. I had $40k in student loan repayment in my then enlistment contract but no loans. So I used them to buy a truck in cash, then used the army student loan repayment to pay them off since they weren't tied to academic progress.

---

This is sad to read. Thoughts and prayers for any children you rear since integrity is certainly not part of how you make decisions.

You essentially defrauded the government into buying a truck for you.

---

Fraud is a legal construct. I did not violate any law and acted complete within the contract I entered into.

---

I am 100% positive that if you inform the Army that you took out student loans with zero intent of making academic progress, but rather to buy a truck with those funds, the Army would have an issue with it.

As a tax payer you should have an issue with people abusing loopholes to enrich themselves with government money meant for specific purposes.

---

I told my commander. And the retention NCO. It's not uncommon. There's literally nothing in the regulations against it. I already had a graduate degree so didn't need the benefit I had earned. So I found a way to get it.

Teslag said:

---

AggieEP said:

---

Teslag said:

---

AggieEP said:

---

Teslag said:

---

I took out thousands in loans for an online graduate program years ago before I went to WOCS. I would immediately drop all of my classes both semesters after enrollment day. I had $40k in student loan repayment in my then enlistment contract but no loans. So I used them to buy a truck in cash, then used the army student loan repayment to pay them off since they weren't tied to academic progress.

---

This is sad to read. Thoughts and prayers for any children you rear since integrity is certainly not part of how you make decisions.

You essentially defrauded the government into buying a truck for you.

---

Fraud is a legal construct. I did not violate any law and acted complete within the contract I entered into.

---

I am 100% positive that if you inform the Army that you took out student loans with zero intent of making academic progress, but rather to buy a truck with those funds, the Army would have an issue with it.

As a tax payer you should have an issue with people abusing loopholes to enrich themselves with government money meant for specific purposes.

---

I told my commander. And the retention NCO. It's not uncommon. There's literally nothing in the regulations against.

---

You took taxpayer money that was allocated for the purpose of increasing the education of the American citizenry and then used it to buy a raptor.

False. I signed a contract that included SLRP as a defined benefit. There was no requirement for degree completion or satisfactory progress. Many of the people that use it didn't finish school. I just strategically quit.

Teslag said:

---

I took out thousands in loans for an online graduate program years ago before I went to WOCS. I would immediately drop all of my classes both semesters after enrollment day. I had $40k in student loan repayment in my then enlistment contract but no loans. So I used them to buy a truck in cash, then used the army student loan repayment to pay them off since they weren't tied to academic progress.

---

******* genius.

Outstanding!

Teslag said:

---

AggieEP said:

---

Teslag said:

---

I took out thousands in loans for an online graduate program years ago before I went to WOCS. I would immediately drop all of my classes both semesters after enrollment day. I had $40k in student loan repayment in my then enlistment contract but no loans. So I used them to buy a truck in cash, then used the army student loan repayment to pay them off since they weren't tied to academic progress.

---

This is sad to read. Thoughts and prayers for any children you rear since integrity is certainly not part of how you make decisions.

You essentially defrauded the government into buying a truck for you.

---

Fraud is a legal construct. I did not violate any law and acted complete within the contract I entered into.

---

Just because something is legal doesn't make it right. I know people like you that think like this very personally. I think they are on the lowest rung of humanity.

It's one thing to do it in the first place. It's another to gleefully gloat about it online. You suck.

I will happily take benefits that I've earned with no shame. As I should.

txags92 said:

---

Not a Bot said:

---

I feel bad for people entering some professions that require a college degree but also don't pay very well.

Think about your local assistant prosecutors, public defenders, teachers (the good ones), social workers, etc.

These are very needed public service professions that are increasingly expensive to enter thanks to tuition increases but without much financial reward.

If there's any sort of debt forgiveness on the table, it should always be structured around public service.

I have zero interest in using my tax dollars or printing money to hand to people with gender studies degrees or other useless invented sociology indoctrination that doesn't do anything to serve society. Would much rather use my tax dollars and/or print money to give to people who are actually doing good for the community.

---

The reasons the tuition and fees have gone up so much are:

1) Because we have decoupled the value of the degree from the cost to get it by making student loans so easy to get and backing them with federal guarantees. If the banks funding the loans had to rely on people to actually pay them back, they would never make 90% of the loans they are making right now. If the banks will loan anything to anybody for any degree, why not raise the tuition and fees, because the students will just take out bigger loans to pay them.

and

2) With that "easy money" of higher tuition, colleges have gone on an orgy of hiring administrators and staff and propping up brand new departments and degree programs offering popular but worthless degrees to students willing to take out loans to pay for them. If you graph the cost of a college degree alongside the growth in administrative staff, the growth in administrative and faculty salaries, and the growth of student loan debt, they will match up really closely. But if you add a line showing the "value" of the average degree, you will see that it has not grown nearly as fast.

Easy solution. Take away federal backing for student loans and let the financial institutions take the risk on who they give loans to. The # and amount of loans will go WAY down. The universities and degree programs not offering good values for their degree costs will have banks unwilling to loan their students money to attend. Ultimately, the universities will have to reduce the costs back to a level that is commensurate with the value their degrees provide to the students, which will result in the elimination of a lot of useless administrators and shutting down departments and degree programs that can't demonstrate that their degrees are worth what they cost.

---

It would also improve society because horse**** degrees would stop getting funded and we would have at least somewhat of a reset towards degrees that mattered.

No, "earning" it is sweating your balls off in body armor in 115 degree heat in the desert for months on end. That's how I did to pay off my undergrad and grad degrees. Not pay for some douchy lifted truck that's probably never once seen the mud or dirt.

Earning is serving under the terms of your agreed upon contract and then getting the benefits in return as spelled out in that contract. I used my post 9/11 gi bill for grad school. Then the army said "here have another $40k for loans".


So I took out loans and used it.