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  1. #1
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    Post The student loan forgiveness will largely go to women

    For starters, there are simply more women attending college than men, it's about 60%. However, they rack up more debt than men do, so women account for about 66% of the all student debt, by dollars. Naturally, the choice of major has a lot to do with being able to pay it off.

    There's also a cap of "you can't claim it if you make over 75k". That disqualifies 32% of men, but only disqualifies 20% of women. Again, one's choice of major determines a lot of your future earning potential.

    Also, those with Pell grants get $20,000 instead of $10,000. 43% of undergrad women had Pell grants, only 34% of undergrad men had Pell grants.

    So, between
    • More women attend college
    • Women attending college leave with more debt
    • Fewer women are disqualified from receiving the benefit
    • More women will get double the benefit

    you can only conclude that a large amount would be going to women.

    Many of the statistics don't overlap cleanly, so it's hard to predict exactly. Maybe 75%?

  2. #2
    Senior Member Toolband89's Avatar
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    Re: The student loan forgiveness will largely go to women

    I'd also hazard a guess that many women are also less logical or practical in their college choice. I attended a state school, commuted and worked during my entire undergrad to graduate debt free. I also picked a degree that would lead directly into an actual job.

    Most of the girls I knew were less practical in their choices, even at the school I attended. Most lived on campus or in apartments nearby, inflating costs. Most of their degrees were in essentially worthless social sciences, and few if any worked.

    My sister decided in her 30s to go into over six figures of debt to get a more "prestigious" Master's in a field she could have easily done online or at a much cheaper school. Nope. Feelings win over logic every time with them.

  3. #3
    Administrator jagrmeister's Avatar
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    Re: The student loan forgiveness will largely go to women

    Good call: "The bulk of student loan debt in the U.S. has fallen on women, who today hold nearly two-thirds of all outstanding student debt, an amount that totals more than $900 billion".
    https://www.goodmorningamerica.com/l...-call-84823475

    "Fallen on" lol. Not "voluntarily borrowed", or "refused to pay back".

    Such victims of their own wasteful spending and financial irresponsibility. I wrote some here on how much women waste on rental costs etc. - which is why they don't pay back their loans. Their own incompetence explains the "wage gap"- it's a competency gap.

    Some of you may be wondering -- who is this Jagrmeister guy? Have a look at some of my posts from MGTOW Forums--> Jagr Archive (collection of my articles)



    Stuff I do: Box, Surf, Tennis (3.5/4.0), Downhill skiing. I lift 4x a week and have for 10 years.
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  4. #4

    Re: The student loan forgiveness will largely go to women

    Seems like "My husband/bf will pay it off" agenda is no longer working.
    Now it's time for hard-working men to step up their game and fund
    her gender studies degree via taxation.

    And they yell: "20k is not enough, we want 50k". What a world we live in.
    If i were you, I'd heavily consider having an escape plan.

    I remeber the thread where someone urged us to leave US. You know my stance on the matter -
    being a stranger in foreign land is a very bad idea. Only in modern progressive western nations
    are stragers treated better than natives.

    But now a situation is bit different. You are in "technically not-a-recession" and the only solution your governament sees is hiring 80k of IRS agents.
    Idk how you, but to me hiring 80k army of field agents seems very sus. Your country is renown for its inescapable taxation -
    is there even anything left to harden?

    Gents, I smell good 'ol wealth redistribution.
    It is probably coming your way sooner than expected.

    We all know that US has a huge problem with their population.
    They circumvented this problem by importing people.
    It seems like they recently realized that this strategy does not work (roe v wade).
    They know that a crisis means emigration so maybe they are trying to prevent mass exodus in advance.
    Maybe it is their solution - to become expatriot one needs money and time...
    What if you have neither of those?
    " A man without purpose finds it in women " - UCXIV

  5. #5

    Re: The student loan forgiveness will largely go to women

    There's no good guy in this one, so I'm presenting the other side. We have a crooked banking system in our country. For example, I know a woman who had 100K in student loan debt, which she actually paid off. It took her 30 years to pay it off, but she did so by living in a van for 5 years and scrimping for years. She deserves some respect. She did what it took to pay it back. But the bankers also screwed her over. She got the loan at 1.25% interest, but they hid in legalese that they could change her rate to 11.5% if certain economic situations happened. Well, the recession caused those "economic situations" well before she was anywhere near paying off the loan. You can do the math, but suffice it to say 11.5 percent on 100K (or 90K, whatever was left) was much harder to pay off. And this is a loan she signed when she was 17 years old. Did you know there was such a thing as a "variable rate loan" when you were 17? I didn't.

    The banks hozed me in a similar way over a credit card. I signed up for a 6-percent Visa card, and I made every single payment on time. Much of the time I kept it totally payed off. But then after I had charged some 2K for travel expenses when a family member had died, I noticed the interest rate was suddenly 21%. This made no sense because I had paid the card's bill on time every single month. Turns out, the crooks at the bank had run a credit check and had found some unpaid medical bills, in other words, some impossible-to-pay-on-time medical bills. They were ones that I had NOT charged to that card. Like I say, my payment history was immaculate. Yet, they used that as an excuse to crookedly up my interest rates. It was because they also hid in legalese that the credit card had a variable rate interest. That way they could bait people in with that 6-percent promise only to gouge them later.

    Fortunately, I wasn't in 100K debt on that bullshit card, and so I paid it off ASAP and canceled it. But every extra dollar I paid thanks to that increased interest rate was theft, as was the case with extra money charged on my friend's student loan due to increased interest. These so-called "variable-rate" loans should be illegal. They're usury. Once you get a loan, even just a credit card one, it should stay at whatever interest rate was agreed on originally.

    Thus, I would forgive all loans, not just student ones, if they were the crooked variable rate type, and I would throw every bank CEO who did that practice into a hard-labor camp in the coldest part of Alaska for 10 years.

    Then I would reform the education system. I would force all universities to shut down their so-called "gender studies" programs (or feminist propaganda) and I would send all of their so-called profs to those same hard-labor camps in Alaska, and I would ban Title 9. Then I would make all student loans have a standard 1.25% non-variable interest rate. I would also make all trade schools free of charge. So you could go to trade school for free and get a great-paying job in two years or so, or you could get a 4-year degree with a non-crooked loan, and have a chance in the job market.

    Note: I speak only for myself. These are my views only, not necessarily standard MGTOW.

  6. #6

    Re: The student loan forgiveness will largely go to women

    Well, I think we all agree that student loans are bs.
    The system is set up so you end up with a degree and a huge debt to pay.
    It's also the only type of debt you can't declare bacrupcy from.
    But even bigger bs is making a whole society pay for it.

    I think everyone would be ok with the idea of retroactively declaring all of those debts void.
    This is not what is happening right now though.
    " A man without purpose finds it in women " - UCXIV

  7. #7
    Super Moderator Mr Wombat's Avatar
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    Re: The student loan forgiveness will largely go to women

    Quote Originally Posted by TigPlaze View Post
    Fortunately, I wasn't in 100K debt on that bullshit card, and so I paid it off ASAP and canceled it.
    Similar story here, although not a crooked bank, just pain and simple lost my job. A family member gave me the 500 bucks (trivial when you got a job, an impossible burden when you don't). For the past 30 or so years, I have used a Visa debit card.

  8. #8
    Super Moderator Mr Wombat's Avatar
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    Re: The student loan forgiveness will largely go to women

    Quote Originally Posted by bazalgette View Post
    It's also the only type of debt you can't declare bacrupcy from.
    But even bigger bs is making a whole society pay for it.

    I think everyone would be ok with the idea of retroactively declaring all of those debts void.
    This is not what is happening right now though.
    What you guys should do is remove the unconscionable "bankruptcy don't work" exception that keeps people enslaved for life to student loans. Bankruptcy exists for a reason. A lender must assume at least some risk when they lend, or else society winds up … well, where it is now.

  9. #9

    Re: The student loan forgiveness will largely go to women

    Quote Originally Posted by bazalgette View Post
    Well, I think we all agree that student loans are bs.
    The system is set up so you end up with a degree and a huge debt to pay.
    It's also the only type of debt you can't declare bacrupcy from.
    But even bigger bs is making a whole society pay for it.

    I think everyone would be ok with the idea of retroactively declaring all of those debts void.
    This is not what is happening right now though.
    This is all true. Biden is only forgiving 10K of some people's debt. It's not a blanket forgiveness. I have a BA degree from a University, but I was lucky enough to get it without any debt, but this was back when tuition was so low you could work a job over the summer and then pay it, and then usually a student part-time job, plus some small help from the parents would pay all expenses. Those days are gone.

    I question the notion that everyone needs to go to college. We need to de-stigmatize trade schools. There's nothing at all wrong with going to school to become an electrician, a plumber, or a tax accountant. One big draw of a university education was the variety of studies you would do in addition to your major. I think it's perfectly valuable to study some astronomy, biology, physics, literature, languages, and so many other great things. I don't necessarily think doing that should cost 100K for 4 years. Someone could do some post-high-school general studies online for cheap and then do trade school after that. There are many options.

    I also won't bash women in general over their student loan debt. Some women have made stupid decisions, but I have huge respect for the female friend of mine managed to pay off her 100K in debt, even after they jacked up her interest rate from 1.25% to 11.5%. That was a crooked move by the bank, but she still busted butt and paid it off. She has my respect.

    One minor correction: Student loan isn't the only kind of debt you can't bankrupt out of. The other kind is taxes.

  10. #10
    Senior Member mgtower's Avatar
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    Re: The student loan forgiveness will largely go to women

    Has anybody considered this is a total ploy to make higher education a free-for-all one-payer system? Where's my free tuition? How come for some and not others? Isn't that how government expansion works? Create an inequity via constitutional overreach then demand it must be made public in all fairness to everyone?

    We will own nothing and pay for everything.

  11. #11

    Re: The student loan forgiveness will largely go to women

    Quote Originally Posted by mgtower View Post
    Has anybody considered this is a total ploy to make higher education a free-for-all one-payer system? Where's my free tuition? How come for some and not others? Isn't that how government expansion works? Create an inequity via constitutional overreach then demand it must be made public in all fairness to everyone?

    We will own nothing and pay for everything.
    Not gonna happen. The "make university education free" crowd is not even close to being in power. That's the Sanders/Occasio-Cortez group, the far-left Democrats. But it's a combination of the corporate Democrats and the Republicans who are in power. They're sponsored by the banks, and so the most we'll see is this token 10K forgiveness of debt. The current crooked student loan system will stay in place.

    I therefore think the market is going to start kicking the ass of university education. People are searching for better deals. They'll find it in things like online learning and trade schools.

  12. #12
    Super Moderator Mr Wombat's Avatar
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    Re: The student loan forgiveness will largely go to women

    Quote Originally Posted by TigPlaze View Post
    These so-called "variable-rate" loans should be illegal. They're usury. Once you get a loan, even just a credit card one, it should stay at whatever interest rate was agreed on originally.
    Let's go one step further. Ban compound interest. Forbid the practice of adding interest on a debt to the debt to be repaid, stacking up more interest. The courts are to treat any such contract as not a contract at all, same as gambling or drug trafficking debts.

    Quote Originally Posted by TigPlaze View Post
    Then I would reform the education system.
    If I was dictator of the USA, I would separate post-high-school education into three streams: ivory towers for the truly academically gifted - arts and sciences; vocational schools for trade and professional education (including medicine and law); and expensive finishing schools to cram a little liberal arts (history, literature) into the children of the idle rich. The academies and the vocational schools would have nothing whatever to do with sportsball - the fields, the coaches, the player scholarships: gone. And I would de-certify degree mills running 4-year sex holidays for 2-year-olds and charging 100k in student loan debt.

  13. #13

    Re: The student loan forgiveness will largely go to women

    Quote Originally Posted by Mr Wombat View Post
    Let's go one step further. Ban compound interest. Forbid the practice of adding interest on a debt to the debt to be repaid, stacking up more interest. The courts are to treat any such contract as not a contract at all, same as gambling or drug trafficking debts.


    If I was dictator of the USA, I would separate post-high-school education into three streams: ivory towers for the truly academically gifted - arts and sciences; vocational schools for trade and professional education (including medicine and law); and expensive finishing schools to cram a little liberal arts (history, literature) into the children of the idle rich. The academies and the vocational schools would have nothing whatever to do with sportsball - the fields, the coaches, the player scholarships: gone. And I would de-certify degree mills running 4-year sex holidays for 2-year-olds and charging 100k in student loan debt.
    I would do something like this. Plus, I would add the possibility of doing a general studies/trade school combo for cheap. One argument for a university education is that it can make someone well-rounded in knowledge (when done right). You do a bunch of worthwhile general studies like astronomy, literature, biology, critical thinking, etc., and then also your major and maybe a minor. But with unis costing insane money now, there must be a more economical way. Someone could do two years of online general studies or community college general studies, and then do two years in a trade school. So you get the best of both worlds. It's just insane to have a whole class of people graduate with 100K, 200K, or more debt.

    I totally agree with you on loans and compounding interest. Those student loans should be dirt simple, like simply 1.5 or 2%, no compounding, no variable rate bushwhacking.

  14. #14

    Re: The student loan forgiveness will largely go to women

    I think too much emphasis is being put on what is wrong with the student loan process and procedures, and not enough emphasis on the fact that these schools are blatantly price gouging these kids. The price gouging is motivated in no small part by the ease in which they can go get loans to pay for it. Both scams feed off of each other.

    You can still get a decent education within the existing parameters and conditions. You just need to pay attention to what the hell youíre doing and have some common sense.

    For example- most high schools offer some form of advanced level college credit courses. My kids took full advantage of this. My third oldest entered Penn State at age 18 as a sophomore due to the credits she earned (for free) in high school. Then, she attended a satellite campus for 2 years (at a greatly reduced cost) while working part time and saving her money. Then, one year at the main campus at State College main campus. She graduated with about $20 k in loans and has a degree from a damn good school. Very reasonable in 2022 dollars and worth the investment.

    In my case (a long time ago) I got my degree at a small school. Got a partial scholarship for playing football. Paid the rest myself, including about $12k in loans, which I paid back in full, myself, in about 8-10 years. Again, worth it looking back.

    So, there are reasonable ways to do it without going to the main campus(most expensive) as a freshman (for the longest time) and borrowing the entire amount (least economical). So IMO, if you make those choices, then you made your bed, sleep in it. Pay back what you owe.

    Schools market to kids to extract the most money, and they donít care if they go $100k in debt. Thatís a bigger problems than the loan terms and conditions.

    Forgiveness in the current form is bullshit. It isnít the people who paid back what they owed or the taxpayers responsibility to pay back the loans. If you want to put the forgiveness burden on someone, make the schools refund the money to the borrowers and leave the rest of us out of it.

  15. #15
    Senior Member ResidentEvil7's Avatar
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    Re: The student loan forgiveness will largely go to women

    What you guys are saying about loans and VISA cards is why I will never return to a college again. I spent a few winter months taking community college courses and since I have a learning disability, it was VERY HARD and I was taking off-campus flexible courses where I had to do the schooling at home, take the assignments into an off-campus location nearby and take the tests. I gave up on 2 classes and got an A on the English.

    After seeing what college can do to a person's future, I refuse to take part in it. They indoctrinate you with loony liberal bullshit logic; they charge you money that can take a lifetime to pay off and there's to guarantee to a good paying job. People take the dumbest classes like gender studies for example, rack up debt and wonder why they can't get a job. These kids graduate only to end up doing jobs that they were doing in high school, again with debt.

    How I feel about college and its debts is how I feel about taking out VISA loans. I don't know how I did it, but I got out of my $3,200 + interest on 6 cards and I was relying on doing odd jobs, birthday money and Christmas money and election poll worker jobs to pay it off. Since January 2013, I have never gone a single month to where I can't pay off my Visa in full.

    Banks and college are all a scam with no rewards.
    It's a man's world and we need to take it by the throat and make it give us what we desire.

  16. #16

    Re: The student loan forgiveness will largely go to women

    Quote Originally Posted by TigPlaze View Post
    One minor correction: Student loan isn't the only kind of debt you can't bankrupt out of. The other kind is taxes.
    There are situations where taxes can be included in BK. There is a criteria, I believe it is a certain amount of years old. At this point I don't see why anyone cares, there have been bailouts for pretty much everyone over the last 15 years.

    The too Big to Fail Banks - untold Trillions of $$
    Airlines - untold hundreds of billions
    Homeowners - mortgage moratorium for 2+ years during 'Covid'.
    Renters - see above
    Seniors - collecting on average $40-$50k each year of benefits that younger people will never see. Costing roughly 1/3 of the federal budget
    EBT/Disability/Section 8 housing/Pensions - Trillions of dollars

    This list could continue for as long as I felt like typing. So what, some people get $20k of bullshit paper the federal reserve prints wiped off their credit. Call it them getting a miniscule amount of the social security/medicare tax they will pay until the time they need it, at which point there will be nothing there but a check that will buy them a cheeseburger.

  17. #17
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    Re: The student loan forgiveness will largely go to women

    Quote Originally Posted by Toolband89 View Post
    I'd also hazard a guess that many women are also less logical or practical in their college choice. I attended a state school, commuted and worked during my entire undergrad to graduate debt free. I also picked a degree that would lead directly into an actual job.
    Same here.

    I bet no politician will push for us to get reimbursed.

  18. #18

    Re: The student loan forgiveness will largely go to women

    Meet Gender Studies Major Chloe And 7 Other Underprivileged College Grads Whose Loans You're Paying Off:

    https://babylonbee.com/news/meet-gender-studies-major-chloe-and-7-other-unemployed-college-grads-whose-loans-youre-paying-off


    From the Babylon Bee

  19. #19

    Re: The student loan forgiveness will largely go to women

    Harvard To Pay Elizabeth Warren $400,000 To Teach Class On Why College Is So Expensive

    https://babylonbee.com/news/harvard-...s-so-expensive

  20. #20

    Re: The student loan forgiveness will largely go to women

    I agree that women are far less likely to have paid off their debt, have a degree that leads to a job, and more likely to have had whatever grant this is.

    This is based on simple observations of the women I've encountered who flaunt their college (they're sooo smart, they went to a ToP college) and whenever faced with life problems (like not having a job, or hating their job, or having no money) talk about going *back to college like it's a real option for them. Somehow they find a loan for this and tax payers foot the bill? Clown world.

    Right now it's only 10-20k.. but you can be sure this will just be the foot in the door and soon it'll ratchet up into total debt forgiveness.. really grinds my gears because I struggled to pay for college without going into debt. Dropped out and worked my way up the ladder based purely on experience..

    Every payment like this coming out of tax dollars is a huuuge slap in the face for those of us who worked hard. If there's a problem with the loans, they need to at the very least fix or admit the problem before starting to forgive the debts. I haven't heard anything about there being a problem with the debts other than they exist and are sleazy and lucrative for (unknown party).

    In conclusion, they will push this debt forgiveness (free money) knowing that women love it (free money) and will vote for whoever will provide it in the future.


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