If a GI Bill equivalent was promised at enlistment time then it should be paid as promised because it is deferred payment of a contracted benefit.
Senate Republicans block vote on student loan interest rates
Discussion in 'News & Current Events' started by Bro. Curtis, May 8, 2012.
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Bro. Curtis <img src =/curtis.gif>Site Supporter
Three thoughts, to C.T. Boy's answers.
No. We do not need to punish banks. If you think the feds can run a low-interest loan program, you have a very short memory. Also, you could get guidance couselors to encourage engineering degrees, not lesb1an journalist history.
Why bring veteran's benefits into this ? Why would you take away our veterans' rights ?
Lastly, your accusation of someone being "judgemental" made milk come out my nose. Do you really hold yourself as a fair person ? -
There have been several changes to the GI bill over the years. Upon my discharge, I was entitled to 4 years of college at the going rate. However due to circumstances beyond my control I was unable to attend - . Ina addition, your entitlement ended ten years following your active duty discharge.
Nowdays, the GI bill is partially paid for by contributions by the GI.
Bottom line - the Bill is not a give-a-way - it is EARNED! -
Crabtownboy Well-Known MemberSite Supporter
So, you believe all students should be punished because someone may be lesbian and major in journalism? Why do you hate people so much? All people?
Now that is one truly funny line. -
Crabtownboy Well-Known MemberSite Supporter
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Why is the Federal Government in the business of subsidizing loan interest for college loans for every kid that wants to go to college regardless of ability or field of study?
I am sure that everyone here knows of at least one kid that went to college on student loans only to eventually drop out without a degree - or a degree with no marketable value - or did so poorly that the degree is meaningless...
Only to be saddled with loan payments that their job would never support.
Why is the government applying such pressure to kids to borrow money way beyond their means to ever repay? -
They will not make money if the money is not repaid!
The GI bill was started because of so many draftees who lives were disrupted due to WWII. A few years later it was found that it was a successful program because those GI vets were now making more money - thus paying more taxes. (trickle up) But these were individuals who were part of the "greatest generation" those who sacrificed to get what they received. Also there pay was very low
Today it is much different - we have a society where we think everything should be given to us. The current pay for a GI is much better than years previous. Think of it a Pvt E-1 starts at over 1,000 dollars a month - with virtually no expenses. Room and board provided.
Bottom line - retain the GI bill - but don't make it totally free. -
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From the *NWV, the only true-to-the-originals version right?
* New Wikipedia Version. -
Crabtownboy Well-Known MemberSite Supporter
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Actually it was brought on by government regulation of the banking industry which forced the banks to work to protect themselves. -
Bro. Curtis <img src =/curtis.gif>Site Supporter
What have students done to deserve a break ?
The second statement indicates you don't understand the challenge, or are being intentionally obtuse. Either way. pound sand.
If you were in charge everyone would wind up as smart as you, I'm sure. -
Crabtownboy Well-Known MemberSite Supporter
An educated electorate is much more likely to produce good results for the country than an uneducated electorate.
What have they done to be punished?
Do you want future generations to be ignorant? -
Crabtownboy Well-Known MemberSite Supporter
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>It is an investment in America's future. We need all the educated people we can produce.
To wait on tables? Another generation and a 4 year degree will be needed to drive a garbage truck. If an employer can hire a college grad for the same wage as a HS grad he will require a 4 year degree to cut the number of job applications. -
Bro. Curtis <img src =/curtis.gif>Site Supporter
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Crabtownboy Well-Known MemberSite Supporter
Do you really dislike young people? -
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Encouraging borrowers to take on more debt than is reasonable either with artifically low interest rates or artificially lower credit worthiness requirements is what lead to the last fiasco.
The government subsidizing the interest rates for student loans encourages kids to take on a great deal of debt that they may never be able to pay back.
Lots of college students are borrowing the whole college experience including room and board, laptop computers, clothes, etc. - not just tuition.
That government loan guarentee at 1.6% looks good on paper until you find out just how much interest has accumulated over the four years of college - let alone paying back the principal.
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