Texsox

Which is another problem with the system. There are counseling questions that borrows have to answer but most just click through as fast as possible. One kid told me he thought it was like a software agreement that you just agree without reading. He's probably the majority.

Give any competent teacher a good curriculum and it could be taught at the high school level. I don't have one tenth of your knowledge of economics but I can teach how credit cards work, mortgages, how interest rates are based on risk, etc.

At least in the two school districts I've worked in here in Texas Financial Literacy is taught as an elective. But it's not very popular. Playing the stock market game is fun for a week or two.

I really think it's important to stop claiming the coup was close to being successful. The FBI and later a team of Seals would have put a quick and easy end to this coup. The military wasn't going to take over the country to keep Trump in office. Saying they were close just gives them enthusiasm and peddles the same lies Trump has been spreading. They were close to committing additional murders, they were close to dozens of additional crimes, but they were not close to toppling our elected government and putting Trump in office.

Succeeded at what exactly? If they would have been successful, what would life be like today? A successful Trump coup would mean him being sworn in today. I'm curious how you see that having happened?

Let me give an example. A student is going to college. He completes a FAFSA with his parent's income. He will then receive an offer letter based on his parent's income from the college which will outline what scholarships and financial aid are available to him and what is the expected family contribution. The first level of loan he will take is a subsidized government guaranteed loan. The maximum amount is based on his parent's income. His parents are not asked to cosign and he is solely responsible for repayment. For most students, and most public schools, that is all they will need. But, the government does set limits on how much of a subsidy the family qualifies for, which again is based on family income. The next level is unsubsidized government guaranteed loans, and the student can borrow as much as the university allows and parent's income is not considered. Again, the student is 100% responsible for repayment. No cosigner, no work history, no collateral, no demonstrated ability to repay. At single digit interest. My original point again is, where else can an 18 year old borrow $100,000 at single digit interest rates?

Most of that is covered. I teach some of it actually. The problem is it's all theoretical at this point and when they need it, they've forgotten it. My senior seminar class just did a unit on the relationship between time and money and the difference between spending past money (savings), current money (income), or future money (debt). They worked out scenarios involving the true cost of ownership based on what money you are spending. I doubt they will retain much from that class in five or ten years when they will use it. As taxpayers we're also spending money to teach kids how to wash their clothes, change a tire in their car, unplug a drain, grocery shop, etc. Thank you, I appreciate the salary and all the cool stuff taxpayers provide for me to be mom and dad to 150 kids.

Dude, I literally do this for a living. We're looking at two different things here. Parent's income determines family contribution. This is after all of the aid is subtracted (which is based on family income) As the link you quoted states, loans may be offered to fill that gap. For subsidized government guaranteed loans there are limits based on parents income but parents do not cosign and parents are not responsible to pay it back, the kids are. If you are making the loan the kids ability to pay is the risk. After that the next layer of loans are unsubsidized government guaranteed loans where interest begins with the first disbursement. The parents income has zero bearing on that. And again parents do not cosign. If the kid defaults the lenders do not go after the parents. In the past three months I have reviewed over two dozen aid and student loan packets with kids from all income levels. How many have you done? Parents income will determine how much, if any, money will be owed after scholarships, PELL grants, and other aid. If there is a gap, and there is almost always a gap, there will be loan offers included. Think of the aid portion (based on parent income) as the downpayment. The loan is 100% on the kid to pay for the government guaranteed direct loans. Again, my point walk into a mortgage company at 18 and ask to borrow $100,000 with no money down and without a cosigner. Try an auto loan for $100,000 without a cosigner. Do you think you will get a single digit interest rate? Bottom line parent's income is used to determine how much financial aid the student will receive and then how much in loans will be necessary. It is used to determine how much subsidized money the student can borrow. It is not used to determine how much unsubsidized federally guaranteed money the student can borrow or to mitigate the risk to the lender by cosigning. And it is difficult to look up. As they say it's in the details especially if the student needs to look at private loans as well. There, even with parents cosigning, the interest rates and higher and repayment terms not as generous. Plus any of the loan forgiveness programs do not apply to private loans, just the government direct loans.

So what country would you rather be living in? Whose government is better? If you're looking for a perfect world welll then lmao.

You really have a low opinion of America. So where would you rather be living?

Travel central and south America and you realize how honest our government is. How much did you bribe officials to get your driver's license?

That's for student financial aid which is money they do not have to pay back. The student loan (emphasis student) is on the student to pay. I do this all day long as a high school teacher. These kids receive guaranteed loans in their name that they have to repay. That is different than loans that their parents may take out or Pell Grants and other aid they may receive. There are limits on how much in loans that the government will guarantee. After that students and parents take out private loans to cover the gap. There are two main types of government loans that kids take. Direct subsidized loans where the government will pay the interest while you are in school and for six months after graduation. There are some restrictions based on family income, but the student, not the parents, are responsible for repayment and no co signer is required. The second is direct unsubsidized and interest is added the entire time the student is in school. Their parents income is not considered in awarding these loans. Again, the student is 100% responsible for repayment. Both of these options come at single digit interest rates and no cosigner. The entire risk for the lender is on the student. After that we get into private, non guaranteed loans which those lenders will look at everything and possible have the parents cosign.

Actually, the first set of student loans are not tied to the parent's income. They are on the students, which is why the kids have the debt, not the parents. Parents may also take out private loans and those are based on income. But you're correct, college should be about making yourself more valuable for an employer. Develop some skills that others can use to make themselves more money. Our society just can't support arts and humanities anymore. You don't need a college degree to get a million views.

This public health stuff is difficult. We have a mostly honest government, imagine third world countries where corruption is the norm.

I was reading a NY Times article that quoted one of the rioters who said it's what Cruz would want so it's OK. How are these "patriots" going to react when Trump and Cruz can't protect them from prosecution? Which leads to if Trump is planning a pardon dump he's got about 24 hours to do it.

Where else could an 18 year old kid get a $100,000 loan at single digit interest? That's kind of the balance, make the loans riskier for lenders and the people who do pay will be punished with higher overall interest rates. If there was an easy fix, we'd have done it. I believe there first, tiny step, is offering 15 years of education instead of the current 13. Free associate's degree at community colleges or approved trade/ apprentice/ certificate programs. Each person after graduating from high school receives a $5,000 per year credit to use for job training or college. Use it or lose it might be easier to pass or better is offer a lifetime $10,000 stipend. That way if someone doesn't use it but shifts mid career, it's still there. I'm still not certain about allowing the $5,000 to be applied to a private or elite public university. I'd liked to see them have to accept the $5,000 as full tuition for anyone with less than 60 credit hours.

That's one of the biggest points I try to make in immigration conversations. Why are we more worried about minimum wage workers from Central and South America and not notice the high dollar jobs also being taken?

@WhiteSoxFan1993 some of what you're asking for can be tied into loan forgiveness. I received for example $5,000 for teaching 5 years at a Title 1 school. I believe that program could be improved by offering $1,000 a year beginning the second year and bumping it up regularly so that experienced teachers who remain at those schools would be rewarded. You could tie loan forgiveness with volunteering in adult education programs or other programs.

I think it does for a lot of people. But tell me this, using the $10,000 number, what changes would you have made? $1,250 per semester doesn't really change schools too much.

I keep thinking of a hierarchy of fairness that starts with a BA from a state school near your home and ends with a PhD from a private school. I still have some, it's the last of any debt I have. If they forgave $10,000 I would probably buy a new vehicle sooner rather than later. I've been hanging onto some cash waiting to see what happens.

It seems like I can remember almost everyone here at college at some point.

Yet schools should be teaching cursive and how to do your taxes if you follow Facebook posts. Preparing young people for careers that haven't been invented yet is an interesting dilemma.

It's all that fast food. A bunch of guys eating sliders will strip wallpaper

Thinking about the next four years is there anything that a Biden administration could do that would impact you directly? Stopping the border wall for example is something I believe is right, it really doesn't directly impact me. For you personally, what are you hoping for? That $10,000 or more student loan relief would be really nice. Other than that, it's indirect stuff that I believe will make America better, which makes my life better.

Long story short, when it is your job to enforce Covid safety rules life can get interesting really fast. Fortunately I've worked with most of the coaches involved today for eight years and (believe it or not) I'm regarded as the easy going, easy to work with coach. I'll just say other team's parents can be a problem, especially when there is a rookie coach who needs to find a spine.