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Elizabeth Warren
Student loan debt is crushing millions of families. That’s why I’m calling for something truly transformational: Universal free college and the cancellation of debt for more than 95% of Americans with student loan debt. Read all about it here:
Growing up, my dream was to become a teacher. And I knew that if I wanted to teach, I had to get a college degree.
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Tuxedo Mask Apr 22
Replying to @ewarren
Financially abusing students has become its own industry.
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𝕾𝖆𝖑𝖛𝖆𝖉𝖔𝖗 Apr 22
Replying to @TheLoveBel0w @ewarren
It's almost as if when government gets involved prices skyrocket....
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upchuck palahniuk Apr 22
Actually, prices rose as subsidy from State and federal govt declined. In the 80s, when tuition was $650/yr, it was subsidized at 90%. Now it's nearly 50x that, and it's because it's now subsidized at only 30%. So really, when government isn't involved, prices skyrocket.
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Charles C. W. Cooke Apr 22
Isn’t 30% of 50x$650 more than 90% of $650?
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Charles C. W. Cooke Apr 22
Isn’t it 16.6 times more?
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upchuck palahniuk Apr 22
What's the argument that you're trying to make here? That there are other factors involved in the price increase? Well no shit.
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David Schmitt Apr 22
You are so right! Why does insist on bringing data and facts to an argument?
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David Schmitt Apr 22
“Prices went up because the subsidy went down. See my figures.“ “Your figures show it didn’t go down, it went up a lot” “DUH!!!”
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Tom Taylor #GoToTom30330 Apr 22
Replying to @ewarren
A debt jubilee sounds radical, but it's truly necessary in this case. My generation can't move forward because the promises we were given growing up didn't happen. We can't find jobs that pay off our loans. We can't buy homes and it's making our eventual retirement precarious.
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Bae'd Runner Apr 22
Replying to @TomForUtah @ewarren
I don't know what generation you consider yourself but I'm in my 50s in that exact scary boat. It's definitely not an age-limited phenomenon.
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Tom Taylor #GoToTom30330 Apr 22
Replying to @_L1vY_ @ewarren
I'm referring specifically to Millennials. Our crucial years - getting our first career job and buying a starter home - came right after the worst financial collapse since the Great Depression. All at no fault of our own. We're at risk of becoming a lost generation.
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Democrats better not fuck 2020 up. Apr 22
Generation X says hello. I'm nearly 50 and have been carrying around financial aid debt that has become a defaulted weight around my neck. It isn't just millennials my guy.
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Wally Apr 22
I agree. Not strictly a millennial prob. But considering the other problems that may disproportionately effect millennials they just may be harder hit. Namely housing prices. Most gen X-rs I know we’re at least able to buy a house. Most millennials I know are SOL on that front
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Torrie Apr 22
Problem is a lot of millennials put themselves in these situations. For instance, being accepted into an out of state college when you could’ve just gone to a local one. Not all of them granted, but a lot of them made immature and impulsive decisions.
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Top Shelf Hottie🥂 Apr 22
Right! but that’s a small handful compared to the many who DO make “better” decisions and still end up screwed.
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Wally Apr 22
Yes some millennials (or people in general) make poor choices. That is a factually correct statement. All other points above still stand though
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Michael Lebowitz, CFA Apr 22
Replying to @ewarren
I have sacrificed for the last 18 years to save money to put my kids through college. If you cancel debt for students you will effectively punish me for being responsible. Is that the sort of financial behavior you promote??????
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Michael Lebowitz, CFA Apr 22
Replying to @CDunks @ewarren
Not at all, but those taking out a loan for anything should repay it as opposed to taxpayers repaying it. Sadly the Fed and the banks destroyed financial ethics a decade ago, but that doesn't means their malfeasance needs to spread further throughout our society.
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Michael Lebowitz, CFA Apr 22
Replying to @CDunks @ewarren
Wrong I take responsibility for my actions and raised my children to do the same.
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jell-o Apr 22
I grew up poor. I could have gone to a four year school with over half my costs being covered by scholarships. I chose not to because I KNEW that the expense was too much compared to what I would earn. I’m 20 and instead of being half way to a degree I have a job.
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Jenn B Apr 22
I continued to take classes while working. If you wanted to - you should still go! It's never too late. Good luck.
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