student loan forgiveness

philkilla

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@philkilla ?


Loaded topic.

For example: senior leaders by and large don't give a shit about current junior enlisted when it comes to quality of life/barracks/equipment. All of the bad press from that is available via open source, so anyone that considers joining quickly has a change of heart.

I don't even know what to make of what Jim Banks has to say; he was a soft skill supply officer for the navy reserve lol.
 

wheresthefbomb

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I think it would be difficult to prove that loan forgiveness drives lower recruitment, but to me the salient fact here is that Jim Banks is defending poverty as one of the military's "greatest recruitment tools."

it's not news, it's the oldest trick in the book, but to have a public official acknowledge it openly is fairly chilling and I'd say the fact that more people aren't deeply disturbed by that is the most telling aspect of this particular situation.
 

philkilla

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I think it would be difficult to prove that loan forgiveness drives lower recruitment, but to me the salient fact here is that Jim Banks is defending poverty as one of the military's "greatest recruitment tools."

it's not news, it's the oldest trick in the book, but to have a public official acknowledge it openly is fairly chilling and I'd say the fact that more people aren't deeply disturbed by that is the most telling aspect of this particular situation.

It's a horrendously douchey thing for him to say.

Again, he was a supply clerk for the navy reserve. That's about as far away as you can be from combat action without actually joining the military 🤣
 

KnightBrolaire

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I think it would be difficult to prove that loan forgiveness drives lower recruitment, but to me the salient fact here is that Jim Banks is defending poverty as one of the military's "greatest recruitment tools."

it's not news, it's the oldest trick in the book, but to have a public official acknowledge it openly is fairly chilling and I'd say the fact that more people aren't deeply disturbed by that is the most telling aspect of this particular situation.
It's extremely effective ime. They heavily target rural/lower income areas and impressionable 18 year olds. If you ever drive through places like Nebraska, The Dakotas or any Native American reservation, you'll see a disproportionate amount of advertising for the military.
Recruiters will tell them they'll get 35-40k a year and a 10-60k bonus (which they now tax lmao) to do shit like be a medic, infantry, parachute rigger, etc. The amount of people in the army that basically joined because it was the best option is disproportionately high ime.

National guard in most states is the best option though ime. You often get full tuition and books covered with minimal time in (e.g Texas and Wisconsin NG both do this). Active duty you get 100% tuition after deployments (even to non-combat zones). I knew a few nurses that paid for their masters in full with their GI Bill after going to Kuwait. The big plus with GI Bill is that you can pass it on to your kids if you don't use it.
 

wheresthefbomb

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It's extremely effective ime. They heavily target rural/lower income areas and impressionable 18 year olds. If you ever drive through places like Nebraska, The Dakotas or any Native American reservation, you'll see a disproportionate amount of advertising for the military.
Recruiters will tell them they'll get 35-40k a year and a 10-60k bonus (which they now tax lmao) to do shit like be a medic, infantry, parachute rigger, etc. The amount of people in the army that basically joined because it was the best option is disproportionately high ime.

National guard in most states is the best option though ime. You often get full tuition and books covered with minimal time in (e.g Texas and Wisconsin NG both do this). Active duty you get 100% tuition after deployments (even to non-combat zones). I knew a few nurses that paid for their masters in full with their GI Bill after going to Kuwait. The big plus with GI Bill is that you can pass it on to your kids if you don't use it.

It's really heavy in certain schools as well, the HS I used to work at would have army doods tabling with a predator drone model at lunchtime. I thought it was extremely inappropriate but that was def not the majority sentiment.
 

KnightBrolaire

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It's really heavy in certain schools as well, the HS I used to work at would have army doods tabling with a predator drone model at lunchtime. I thought it was extremely inappropriate but that was def not the majority sentiment.
I went from a very poor high school, to a very rural one, and the one constant was the military recruiters were hanging around the cafeteria all the time. Some of the recruiters would even add kids on xbox live and play COD with them just to further sell them on the military.
 

Drew

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It's extremely effective ime. They heavily target rural/lower income areas and impressionable 18 year olds. If you ever drive through places like Nebraska, The Dakotas or any Native American reservation, you'll see a disproportionate amount of advertising for the military.
Recruiters will tell them they'll get 35-40k a year and a 10-60k bonus (which they now tax lmao) to do shit like be a medic, infantry, parachute rigger, etc. The amount of people in the army that basically joined because it was the best option is disproportionately high ime.

National guard in most states is the best option though ime. You often get full tuition and books covered with minimal time in (e.g Texas and Wisconsin NG both do this). Active duty you get 100% tuition after deployments (even to non-combat zones). I knew a few nurses that paid for their masters in full with their GI Bill after going to Kuwait. The big plus with GI Bill is that you can pass it on to your kids if you don't use it.
Don't want to brag about my own privilege here or anything, but it came as a VERY big surprise as a young 20-something when I learned that the military goes door-to-door in poorer neighborhoods.

Anyway, if I had to speculate, it's not $10k in loan forgiveness, it's a booming labor market and a rapid increase in wages even for fairly entry level positions, during a time heightened concern for a recession. Maybe a bit of added cncern that thanks to Russia we could actually conceivably see ourselves mobilizing in the next couple years. It's an unusual combo that I don't think will last, but right now the alternatives to joining the military if you want to provide for your family are pretty compelling.
 

KnightBrolaire

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Don't want to brag about my own privilege here or anything, but it came as a VERY big surprise as a young 20-something when I learned that the military goes door-to-door in poorer neighborhoods.

Anyway, if I had to speculate, it's not $10k in loan forgiveness, it's a booming labor market and a rapid increase in wages even for fairly entry level positions, during a time heightened concern for a recession. Maybe a bit of added cncern that thanks to Russia we could actually conceivably see ourselves mobilizing in the next couple years. It's an unusual combo that I don't think will last, but right now the alternatives to joining the military if you want to provide for your family are pretty compelling.
I can't remember where I saw the data from, but basically the gist was that anytime the economy sucked, people were more willing to join the military, and when the economy was good, they were less likely to join. My mom and dad saw it firsthand when they were in the army back in the 80s/90s, and I saw it when I was in too.
 

Drew

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I can't remember where I saw the data from, but basically the gist was that anytime the economy sucked, people were more willing to join the military, and when the economy was good, they were less likely to join. My mom and dad saw it firsthand when they were in the army back in the 80s/90s, and I saw it when I was in too.
It makes a perverse sort of sense - stable income without a college degree, good career track if you want it, and if you don't, free tuition.

The difference here is that labor demand was so high coming into what I'm fairly sure is already a recession, that the economy could roll over but - as of yet - labor demand hasn't. A couple point GDP contraction is enough to only bring us from, say, 10% understaffed, to maybe 7%. I do think that there's going to be an inflection point where labor demand is going to snap and fall fast, but we're not there yet.
 

narad

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That was spam dude. :lol:

I know but it seemed like human spam :D

Related, we seem to be getting a ton of shitheads on the gear-specific facebook groups. They join like the Mesa Boogie group and then post pics of Mesa merch and say like, "Who needs this shirt?!" or the one I hate the most, "I bought this shirt and my friends made fun of me, but I thought it was cool". Ugh. Mods are not fast about it either.
 

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Anecdotal, but a buddy of mine texted me and said he’s thrilled he got the 10k relief, because his last 9k loan two years ago went to a computer, an engagement ring, a vacation, and part of a payment toward a Strandberg.

4-F40-A1-F6-2-B0-C-48-DD-8-BCB-B650-D1406810.jpg


I wonder how many other stories are out there like this.
I know at least two others except it was for a car lol.
 

wheresthefbomb

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@bostjan and anyone else who may be interested, I received the following email from the US Secretary of Education:

This email provides you with an update on the one-time Student Loan Debt Relief plan that President Biden and I announced on August 24th.

We reviewed your application and determined that you are eligible for loan relief under the Plan. We have sent this approval on to your loan servicer. You do not need to take any further action.

Unfortunately, a number of lawsuits have been filed challenging the program, which have blocked our ability to discharge your debt at present. We believe strongly that the lawsuits are meritless, and the Department of Justice has appealed on our behalf. Your application is complete and approved, and we will discharge your approved debt if and when we prevail in court. We will update you when there are new developments.

The Biden-Harris Administration is committed to helping borrowers as they recover from the pandemic.
 

CanserDYI

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@bostjan and anyone else who may be interested, I received the following email from the US Secretary of Education:

This email provides you with an update on the one-time Student Loan Debt Relief plan that President Biden and I announced on August 24th.

We reviewed your application and determined that you are eligible for loan relief under the Plan. We have sent this approval on to your loan servicer. You do not need to take any further action.

Unfortunately, a number of lawsuits have been filed challenging the program, which have blocked our ability to discharge your debt at present. We believe strongly that the lawsuits are meritless, and the Department of Justice has appealed on our behalf. Your application is complete and approved, and we will discharge your approved debt if and when we prevail in court. We will update you when there are new developments.

The Biden-Harris Administration is committed to helping borrowers as they recover from the pandemic.
My wife and I got the same, here's to hoping man!
 

Glades

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Does the federal government send payment to you loan provider? or do they cut out a check to the borrower?
 

CanserDYI

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Does the federal government send payment to you loan provider? or do they cut out a check to the borrower?
From what I've gathered, they "Pay" the loan provider. I'm not sure if they cut some sort of deal behind the curtains or something, but the language in the correspondence sounded like the funds needed to be released to the creditor but they are waiting on that lawsuit to play through, which in the email they say they believe to be meritless.
 

TakeNoPrisoners

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I don’t know how anyone can consider student loan forgiveness just. It’s punishing people who have been financially responsible and contributing to society and rewarding those who haven’t. I can see those people who benefit from it would wish to support it since they’ll benefit from it but I can’t see how anyone can see it as fair. On top of that it’s a complete abuse of power.

If they wanted to provide a bunch of money for future tuition I could support that but it is unjust to do it retroactively what about all the people who missed out on getting an education or paid back loans they now didn’t need to or signed up for the military etc because they couldn’t afford to do college otherwise?

It also doesn’t make any economic sense.. having debt if anything would encourage people to seek employment.. if you want to help them invest money in creating more jobs. Not pump more money into economy via loan forgiveness further driving up inflation.

Biden is a fucking moron plain and simple. He makes trump look like a genius and Trump is an idiot.
 


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