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Post by duff on Sept 3, 2022 16:16:51 GMT -5
It is unbelievable that in record inflation the govt just keeps turning up the printing press. The kick in the gut is the root cause is not addressed. In fact, I would bet money the head of the beast will only grow and brace yourselves...college tuition will keep increasing and the lending process won't change. So what, we give 10k in debt forgiveness to a few select. How much was sent to Ukraine? How much did we all receive due to covid? Does any of it really matter? The debt that our govt operates in is not even fathomable by any of us. What is one more straw on the back of the taxpayers? The question that I've never seen asked or answered is this: Those Covid loans/monies that were handed out and now are being seized because people fraudulently applied for those monies. Where is that money going now that it has been seized? Is it going to businesses that applied late and were turned down because the program "ran out of money" or is it going into someone else's pocket and not being talked about? Lol...I didn't know they were even checking much less assessing penalties to the frauds out there. If they would just take it out of circulation, I'd be fine with that.
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Post by esshup on Sept 3, 2022 19:08:05 GMT -5
The question that I've never seen asked or answered is this: Those Covid loans/monies that were handed out and now are being seized because people fraudulently applied for those monies. Where is that money going now that it has been seized? Is it going to businesses that applied late and were turned down because the program "ran out of money" or is it going into someone else's pocket and not being talked about? Lol...I didn't know they were even checking much less assessing penalties to the frauds out there. If they would just take it out of circulation, I'd be fine with that. Since 2020, the Secret Service initiated more than 3,850 pandemic-related fraud investigations, seized over $1.4 billion in fraudulently obtained funds and helped to return $2.3 billion to state unemployment insurance programs. www.pbs.org/newshour/nation/286-million-in-stolen-pandemic-loans-recovered-according-to-u-s-secret-serviceI just don't get how this "new math" works. How does 1.4 billion change to 2.3 billion?
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Post by duff on Sept 4, 2022 5:40:43 GMT -5
Lol...I didn't know they were even checking much less assessing penalties to the frauds out there. If they would just take it out of circulation, I'd be fine with that. Since 2020, the Secret Service initiated more than 3,850 pandemic-related fraud investigations, seized over $1.4 billion in fraudulently obtained funds and helped to return $2.3 billion to state unemployment insurance programs. www.pbs.org/newshour/nation/286-million-in-stolen-pandemic-loans-recovered-according-to-u-s-secret-serviceI just don't get how this "new math" works. How does 1.4 billion change to 2.3 billion? I dove down a worm hole after this thread. I looked up how many usd are in circulation and typically the increase. Found a site that gave total dollar value in circulation on Dec 31 of each year 1997 - 2020. Average rate of change was 6.5% increase each year. Who has been getting that kind of pay raises? Total in 1997 was just under 500 billion. Total in 2020 was just over 2 trillion So those of us who were working in 1997 making 30,000/yr should have been at 110,000 per year just to keep pace. Printing and circulation of new money does not help most folks. It makes us all collectively less wealthy. 2020 the increase was 2nd highest at around 16%. Really wonder what 2021 may be...this is why prices go up. Value of the dollar was dilluted.
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Post by steiny on Sept 13, 2022 12:46:01 GMT -5
I see Indiana has decided to call if taxable income if the deal goes through. Glad to hear that.
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Post by greghopper on Sept 21, 2022 5:51:59 GMT -5
Interesting read….🤷🏻♂️ studentaid.gov/debt-relief-announcement/one-time-cancellationAm I eligible for a refund if I made voluntary payments during the pandemic? Yes. You will automatically receive a refund of your payments during the payment pause if: you successfully apply for and receive debt relief under the Administration's debt relief plan, AND your voluntary payments during the payment pause brought your balance below the maximum debt relief amount you're eligible to receive but did not pay off your loan in full. For example, if you're a borrower eligible for $10,000 in relief; had a balance of $10,500 prior to March 13, 2020; and made $1,000 in payments since then—bringing your balance to $9,500 at the time of discharge—we'll discharge your $9,500 balance, and you'll receive a $500 refund. Other borrowers can still receive refunds on voluntary payments made after March 13, 2020 by contacting their servicer. It's important to note that these refunded payments will increase your loan balance and your monthly payments. If you expect to have a balance after discharge is applied and wish to request a refund, you can do so by contacting your servicer until Dec. 31, 2023. If you consolidated your loan after March 13, 2020, refunds aren't available for any voluntary payments made prior to the consolidation. Refund requests can only be made by you and refunded to you, even if someone else made a payment on your loan.
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Post by greghopper on Jul 1, 2023 7:15:18 GMT -5
Those of you who voted for Biden on the premise that your student loans would be forgiven... you good?
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Post by steiny on Jul 1, 2023 10:06:49 GMT -5
Glad to see this decision.
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Post by Woody Williams on Jul 1, 2023 10:27:59 GMT -5
Glad to see this decision. They need to negate some more of Biden’s handlers over reach EOs. The whole world knew his young vote getting plot was unconstitutional, but he did the Obama “I have a pen and a phone” tactic. No matter he got what he wanted .. votes from the gullible. The Dems will get it again as they will use Plan B (which is more unconstitutional than the Hero Act) to keep hopes up and blame the Republicans and SCOTUS for the loans not being paid off by us the taxpayers.
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Post by greyhair on Jul 4, 2023 14:58:17 GMT -5
Two things
1. Borrowers should pay, end of story
2. We need a new system whereby someone wanting a college education doesn't have to start out life at 22 years old already $80,000 to $150,000 in debt
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Post by greghopper on Jul 4, 2023 15:30:28 GMT -5
Two things 1. Borrowers should pay, end of story 2. We need a new system whereby someone wanting a college education doesn't have to start out life at 22 years old already $80,000 to $150,000 in debt Just be a Straight A student the price goes down quickly!
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Post by greyhair on Jul 4, 2023 15:43:30 GMT -5
True but there isn't enough scholarship money for everybody that wants to go.
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Post by Woody Williams on Jul 4, 2023 16:10:59 GMT -5
The universities are making out like bandits. When all this student loan stuff started they saw it as a license to steal, Tuitions shot up and are still going up. The universities that offered and allowed kids to take non-sensical and worthless (aka non-income producing) courses should cover the cost and/or pay back the kids..
Lots of companies have degree required jobs that really aren't. My old job is a case in point. I worked that job for 20+ years and my level of schooling was two years of Junior College in California. Now the person needs a 4 year degree..
Smart kids today would be best served to get a skilled trade. Great pay and you get paid while you learn, not the other way around.
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Post by whitetaildave24 on Jul 4, 2023 17:04:20 GMT -5
Get a job with the government after school. There’s a public service loan forgiveness program. I took advantage of it to pay off some of my loans.
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Post by (Not Ronald) Reagan on Jul 4, 2023 17:50:29 GMT -5
Get a job with the government after school. There’s a public service loan forgiveness program. I took advantage of it to pay off some of my loans. I think it’s that way for a lot of agencies now for federal loans at least. People who thought the forgiveness would help don’t realize they’d be paying for it the rest of their lives Anyway…
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Post by greghopper on Feb 24, 2024 12:31:44 GMT -5
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Post by Woody Williams on Feb 24, 2024 12:36:11 GMT -5
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Post by esshup on Feb 24, 2024 20:30:32 GMT -5
1 year active duty for every 1 year of college. 2 year associates, 2 years. 4 years bachelors, 4 years etc., etc.
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Post by duff on Feb 25, 2024 10:45:42 GMT -5
DoD is offering a "gi bill" like for non-serving civilians. Pays for school, housing and covers internships and the recipient is required to give them 4 years after school.
Majors cover nearly all aspects of defense logistics. Engineering, science based skills, procurement, maintenance, logistics, contracting, etc...loss of renewable workforce is the main driver.
Pretty tempting considering DoD is a worldwide enterprise with great benefits.
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Post by whitetaildave24 on Feb 25, 2024 14:32:24 GMT -5
DoD is offering a "gi bill" like for non-serving civilians. Pays for school, housing and covers internships and the recipient is required to give them 4 years after school. Majors cover nearly all aspects of defense logistics. Engineering, science based skills, procurement, maintenance, logistics, contracting, etc...loss of renewable workforce is the main driver. Pretty tempting considering DoD is a worldwide enterprise with great benefits. You’d think they would tell us current DoD employees about that opportunity to help recruit people to our agencies. Your post is the first I’ve heard about it. Definitely not a bad place to work, great benefits for sure, and plenty of upward mobility if you’re willing to work for it. I more than tripled my salary in my first ten years.
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Post by duff on Feb 25, 2024 14:58:49 GMT -5
DoD is offering a "gi bill" like for non-serving civilians. Pays for school, housing and covers internships and the recipient is required to give them 4 years after school. Majors cover nearly all aspects of defense logistics. Engineering, science based skills, procurement, maintenance, logistics, contracting, etc...loss of renewable workforce is the main driver. Pretty tempting considering DoD is a worldwide enterprise with great benefits. You’d think they would tell us current DoD employees about that opportunity to help recruit people to our agencies. Your post is the first I’ve heard about it. Definitely not a bad place to work, great benefits for sure, and plenty of upward mobility if you’re willing to work for it. I more than tripled my salary in my first ten years. I agree. I stumbled on it at a session with my son last week. Think it is pretty new. research.purdue.edu/dctc/This is the one I was interested in for my daughter.
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