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JT
Registered: 02/28/07
Posts: 7,027
Loc: athens
Last seen: 4 years, 8 months
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Re: Healthcare Bill & Student Loans [Re: DieCommie]
#12267386 - 03/25/10 01:11 AM (14 years, 7 days ago) |
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well, as in living with your parents or something. i hate the dorms too man.
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luvdemshrooms
Two inch dick..but it spins!?
Registered: 11/29/01
Posts: 34,247
Loc: Lost In Space
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Re: Healthcare Bill & Student Loans [Re: JT]
#12267717 - 03/25/10 03:19 AM (14 years, 7 days ago) |
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Quote:
JT said: the poverty line in the US is a 29k per year or less income, so i could sustain my living and education even if i was making below poverty.
That's the poverty line for a family of 6 (29,530).
10,830 is the poverty line for 1 unless your using a different set of regulations.
-------------------- You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it. ~ Adrian Rogers
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JT
Registered: 02/28/07
Posts: 7,027
Loc: athens
Last seen: 4 years, 8 months
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oh yeah, i guess you're right. i just remembered that figure from the health care bill.
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ManianFH
living in perverty
Registered: 07/06/04
Posts: 14,954
Last seen: 4 hours, 4 minutes
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Re: Healthcare Bill & Student Loans [Re: JT]
#12281321 - 03/27/10 05:29 AM (14 years, 4 days ago) |
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so is this only as a result of getting involved in the government assistance bill (for loan repayment) that one will be limited to paying back no more than 10% of his or her paycheck towards loans?
If i no longer have the choice to put 40k of my 85k/yr job towards student loans it will greatly affect my choice to take out any more
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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CycleThoughts
Researcher
Registered: 08/03/09
Posts: 1,866
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Quote:
luvdemshrooms said:
Quote:
JT said: the poverty line in the US is a 29k per year or less income, so i could sustain my living and education even if i was making below poverty.
That's the poverty line for a family of 6 (29,530).
10,830 is the poverty line for 1 unless your using a different set of regulations.
Federal poverty line LOL. Some states that's low and others that's almost worthless. Try living in CA, NY or NJ for 11,000 and not being considered below the poverty line.
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luvdemshrooms
Two inch dick..but it spins!?
Registered: 11/29/01
Posts: 34,247
Loc: Lost In Space
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Why would I try that? It's easy to make far more than that.
-------------------- You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for that my dear friend is the beginning of the end of any nation. You cannot multiply wealth by dividing it. ~ Adrian Rogers
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zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
Last seen: 7 years, 9 months
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Quote:
luvdemshrooms said: Why would I try that? It's easy to make far more than that.
Yeah, you really have to be quite the fuck up to make that little money in NY.
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DieCommie
Registered: 12/11/03
Posts: 29,258
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Regardless, there is plenty of cheap rent in NY, CA and NJ. You just have to adjust you expectations.
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JT
Registered: 02/28/07
Posts: 7,027
Loc: athens
Last seen: 4 years, 8 months
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Re: Healthcare Bill & Student Loans [Re: ManianFH]
#12282533 - 03/27/10 12:21 PM (14 years, 4 days ago) |
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Quote:
mick said: so is this only as a result of getting involved in the government assistance bill (for loan repayment) that one will be limited to paying back no more than 10% of his or her paycheck towards loans?
If i no longer have the choice to put 40k of my 85k/yr job towards student loans it will greatly affect my choice to take out any more
i don't know, but i hope that's not the case. it's going to add a lot in interest over time if we are forced to only make 10% payments.
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ManianFH
living in perverty
Registered: 07/06/04
Posts: 14,954
Last seen: 4 hours, 4 minutes
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Re: Healthcare Bill & Student Loans [Re: JT]
#12282828 - 03/27/10 01:06 PM (14 years, 4 days ago) |
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huge difference
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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dill705
Amazed
Registered: 12/10/07
Posts: 3,779
Loc: The Cat's Cradle
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Re: Healthcare Bill & Student Loans [Re: JT]
#12285325 - 03/27/10 09:46 PM (14 years, 4 days ago) |
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My understanding is that you won't be forced to pay more than 10% of disposable income. I've never once heard before this thread that you can only pay 10%.
-------------------- My advice is to find those things that give pleasure and do them often without too much attachment and relax and wait for the show to end. -Icelander- I like free markets and all. Truly I do, at least in general, but there needs to be some kind of oversight in recognition of sustainability. Life works the same way, on a bunch of sustainable systems. Why not honor what made us what we are and take some lessons? Nature FTW! ~dill705~
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zappaisgod
horrid asshole
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Posts: 81,741
Loc: Fractallife's gym
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Re: Healthcare Bill & Student Loans [Re: dill705]
#12285541 - 03/27/10 10:47 PM (14 years, 4 days ago) |
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"disposable" income? I don't think so.
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Prisoner#1
Even Dumber ThanAdvertized!
Registered: 01/22/03
Posts: 193,665
Loc: Pvt. Pubfag NutSuck
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Re: Healthcare Bill & Student Loans [Re: zappaisgod]
#12285559 - 03/27/10 10:50 PM (14 years, 4 days ago) |
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definitely not, especially since the interest rates will still be there
so wait... now we have government making the profits that banks should have made, I wonder when nancy will take control of the oil companies
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CycleThoughts
Researcher
Registered: 08/03/09
Posts: 1,866
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Re: Healthcare Bill & Student Loans [Re: Prisoner#1]
#12286465 - 03/28/10 07:29 AM (14 years, 3 days ago) |
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Quote:
Prisoner#1 said: definitely not, especially since the interest rates will still be there
so wait... now we have government making the profits that banks should have made, I wonder when nancy will take control of the oil companies
That's the next step I guess, that or the power companies, although Cap & Trade will kind of do that in a sense. If the Govt. does take over the oil companies, how long until they start drilling for oil in places currently off-limits?
Is America ever going to come through on the energy independence bullshit, or is that just a political talking point when gas prices go up?
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bhamlaxy
Shroomerite
Registered: 01/23/05
Posts: 714
Loc: Nevada
Last seen: 3 years, 7 months
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The original poster pointed out that we are taking over "everything", but the banks? That was a bill under Bush, which is coming to a close. We will actually make $8 billion (or 7, can't remember) when the government sells their shares of citibank. Stabilizing the economy, and turning a profit for the tax payers? Sounds good to me. The auto industry is also a TEMPORARY action taken to help them out. There is nothing permanent about these "takeovers".
This student loan bill is just common sense. The government already subsidizes a huge amount, so the banks simply function as middlemen, adding a large amount of cost.
This change will save $61 billion in taxpayer money over the next 10 years. It will add to the pell grant program to make it easier for students to go to school, and will decrease the burden after they graduate. This is basically just taking a government program and taking out the middleman.
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Deekay
Registered: 09/07/08
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Loc:
Last seen: 2 years, 7 months
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Re: Healthcare Bill & Student Loans [Re: DieCommie]
#12287492 - 03/28/10 12:22 PM (14 years, 3 days ago) |
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Quote:
DieCommie said: Free housing? How do I get in on that.
Nah, I paid for my housing but I got an apt because dorms are too expensive (plus they are lame).
My university offers free housing and meal plans for RA's
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Prisoner#1
Even Dumber ThanAdvertized!
Registered: 01/22/03
Posts: 193,665
Loc: Pvt. Pubfag NutSuck
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Re: Healthcare Bill & Student Loans [Re: bhamlaxy]
#12287538 - 03/28/10 12:33 PM (14 years, 3 days ago) |
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bhamlaxy said: The auto industry is also a TEMPORARY action taken to help them out. There is nothing permanent about these "takeovers".
it was a temporary action in 1979 when Chrysler was bailed out, the government then was forced to buy the products in order to keep them afloat until they could convince people they were not still producing crap cars, had it not been for the minivan several years later chrysler would have folded again, but hey... look how far they've come, they make the trucks in mexico with the ultra cheap labor, pay no import duties and they're still failing... so they've gone no where except out of the country
Quote:
The government already subsidizes a huge amount, so the banks simply function as middlemen, adding a large amount of cost.
no, the government acted as the middle man since the loans were issued by banks, the government simply backed the loans if there was a default so that the banks didnt lose money...
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dill705
Amazed
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Re: Healthcare Bill & Student Loans [Re: zappaisgod]
#12288014 - 03/28/10 02:13 PM (14 years, 3 days ago) |
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I have unfortunately been unable to find the text of the reconcilitiation bill that does this. However, "disposable" income is the term I've not only heard the president use, but also the senate majority leader and the speaker. CNN has even put the word disposable up on a graphic or two.
My first thought was, "What is disposable and who gets to determine that?" Good question huh?
-------------------- My advice is to find those things that give pleasure and do them often without too much attachment and relax and wait for the show to end. -Icelander- I like free markets and all. Truly I do, at least in general, but there needs to be some kind of oversight in recognition of sustainability. Life works the same way, on a bunch of sustainable systems. Why not honor what made us what we are and take some lessons? Nature FTW! ~dill705~
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bhamlaxy
Shroomerite
Registered: 01/23/05
Posts: 714
Loc: Nevada
Last seen: 3 years, 7 months
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Re: Healthcare Bill & Student Loans [Re: Prisoner#1]
#12293241 - 03/29/10 02:18 PM (14 years, 2 days ago) |
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Quote:
no, the government acted as the middle man since the loans were issued by banks, the government simply backed the loans if there was a default so that the banks didnt lose money...
That's ignoring the entire system of subsidizing loans that the government currently does right now. If you are a college student, and you get a stafford loan, perkins loan, a Ford direct student loan, etc., they are most often subsidized by the government because they pay your interest while you are in school, for a few months after you get out of school, and longer if you are eligible for deferment. This helps keep the load off of students, allows them more financial flexibility to pursue education, and means they won't go bankrupt the moment they graduate.
Just think about it.
Status quo- Government pays loan company X amount of interest (adds up to $51 billion over 10 years) to loan students money. If the loan defaults, the government pays.
After this "government takeover"- The government gives you the loan, with the same interest exclusion as above. If the loan defaults, the government pays for it.
Why pay a bank for the interest, when you can just give the loan interest-free and save billions in taxpayer dollars?
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zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 81,741
Loc: Fractallife's gym
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Re: Healthcare Bill & Student Loans [Re: bhamlaxy]
#12293673 - 03/29/10 03:38 PM (14 years, 2 days ago) |
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How does lending zero interest money that could otherwise be earning interest save money especially when the government borrows that money at interest?
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