With the upcoming College Loan bailout, do you think it would be possible to request Post 9/11 GI Bill benefits to be reset as well?

GySgt Kenneth Pepper — Tue, 13 Dec 2022 12:41:45 -0500

I would love to continue my education without having to pay for it out of pocket. If a large percentage of Americans are going to be able to be forgiven for debt they took on willingly, our veteran community should be able to continue their education without incurring debt. Thoughts?

Response by SSgt Private RallyPoint Member made Dec 13 at 2022 12:45 PM

SSgt Private RallyPoint Member — Tue, 13 Dec 2022 12:45:03 -0500

Yep

Response by SFC David Reid, M.S, PHR, SHRM-CP, DTM made Dec 13 at 2022 12:45 PM

SFC David Reid, M.S, PHR, SHRM-CP, DTM — Tue, 13 Dec 2022 12:45:42 -0500

Maybe so.....

Response by SFC David Reid, M.S, PHR, SHRM-CP, DTM made Dec 13 at 2022 12:51 PM

SFC David Reid, M.S, PHR, SHRM-CP, DTM — Tue, 13 Dec 2022 12:51:01 -0500

Maybe we should ask that all educational program to include the Montgomery bill act to present day be reset?

Response by CPT Lawrence Cable made Dec 13 at 2022 1:04 PM

CPT Lawrence Cable — Tue, 13 Dec 2022 13:04:22 -0500

My first comment will be that I wouldn't hold my breath on loan forgiveness. Realistically, loan forgiveness would be a legislative rather than an administrative one and the Courts have already intervened on one case that has basically shut down the first round. Another case pending and my guess is that it will go the same way.

IMO, the realistic approach would to make the loans dischargeable in Bankruptcy and eliminate the Federal Student Loan program. Colleges are expensive today simply because they have had no reason to control cost.

I paid a bit over $1000 yearly Tuition & Fees in 1980 as an out of state student. Today that would cost me $31,294. Just looking at wages, minimum wage in 1980 was 3.10 an hour, today it's 7.25. If I had to pay all of that out of pocket myself, in 1980 it would have been around 13 weeks at 40 hours. Now at minimum wage it would take just over 2 years.

Response by SSgt Christophe Murphy made Dec 13 at 2022 1:50 PM

SSgt Christophe Murphy — Tue, 13 Dec 2022 13:50:31 -0500

I don't see it happening. That would be a considerable chunk of money especially if you consider paying out the living costs in addition to tuition. I would use it but I don't see the ROI justification behind it.

Response by CSM Darieus ZaGara made Dec 13 at 2022 4:06 PM

CSM Darieus ZaGara — Tue, 13 Dec 2022 16:06:55 -0500

I personally hope they do not get it. It is ludicrous to expect something for nothing. Don’t get me wrong, I believe education whether it be college or trade school, or sone variation there of our country would be much better off. I was the youngest of the boomers in my family. These programs and OJT were available in most counties and cities. Men and women alike were proud to work, proud to show of there first apartment and car. The asked for nothing other than opportunity.

We all know there were those who didn’t qualify or chose different routes, none the less Moms and Dads were around, and for those who were not neighbors and or community programs stepped in. We all worked hard for our money.

Many hol true today, but just as many are looking for free anything, willing to live in the family basement, or provided housing all the while asking for more.

We are in a sad state of affairs and this college forgiveness is at the forefront. It is not free money, it is yours and mine.