No. of Recommendations: 10
So whatever this generation of dip-sh*ts are called, the entitlement attitude seems to know no bounds. Ok, nice that some wealthy guy decides to pay all the graduates debt. But to now expect it from the next uber wealthy commencement speaker is really sad.

On a tangent, why did the rich guy just insult all the graduates that worked through college so they could graduate debt free? Where is there "gift" is everything is supposed to be equal according to social justice warriors?

IMHO, he should have given each grad $15k. They could choose to pay down debt, use it to move to start their new job, etc., etc., etc. Also note, that is the max limit before IRS rules kick in, so no fuss on his part either.

JLC

https://www.foxnews.com/entertainment/oprah-winfrey-college-...
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No. of Recommendations: 15
And what about those who resolved at the beginning they would work hard, save and find a way to pay their own way without succombing to high levels of debt. Will they benefit from such private largess or will they be the recipients of a handshake for their efforts.

A gift requires no measure of achievement to receive it, nor should it. Giftees are beneficiaries that did nothing to earn their gift. But when a gift displaces responsibility, it runs the risk of being an entitlement where it's future repetition becomes a normative behavior of expectation. Dogs show this with treats and non-profits do this with charitable donations. One of the hidden benefits of student loans is the forced maturity this imposes on the young as they gradually learn this is an obligation they cannot escape....a step in personal development this group of students will not benefit from.

BruceM
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No. of Recommendations: 0
One class 'they' don't teach in college/universities is "financial responsibility'.
Ponder what 'Samuel Langhorne Clemens' aka Mark Twain, thought of the subject.
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No. of Recommendations: 6
But when a gift displaces responsibility, it runs the risk of being an entitlement where it's future repetition becomes a normative behavior...

DW was hoping someone would follow up on these grads in 10 years or so. Did they use this gift and launch themselves into a life of financial responsibility or did they go full on dumba$$ and go into further debt (cars/house/etc) hoping for the next bailout.

JLC
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No. of Recommendations: 0
Did they use this gift and launch themselves into a life of financial responsibility or did they go full on dumba$$ and go into further debt (cars/house/etc) hoping for the next bailout.

The donor knew a lot more about economics than you have publicly demonstrated on these boards. Going into debt to make investment purchases is how the US runs its economy. The graduates are NOW able to begin to invest in their futures a LOT sooner because they do NOT have massive loan debt to be paid. Their house payments can be larger--so they can OWN their houses sooner (which are bought with....debt [called a "mortgage"--remember?], a point you failed to comprehend). The entire right wing doesn't have a clue because they are forever in debt beyond their ability to ever pay off.
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No. of Recommendations: 9
<<Going into debt to make investment purchases is how the US runs its economy. The graduates are NOW able to begin to invest in their futures a LOT sooner because they do NOT have massive loan debt to be paid. Their house payments can be larger--so they can OWN their houses sooner (which are bought with....debt [called a "mortgage"--remember?], a point you failed to comprehend). The entire right wing doesn't have a clue because they are forever in debt beyond their ability to ever pay off.>>




So..... going into debt for college is a GOOD thing? Why bail out these people who have just made such smart decisions?

Will they pay more cash to buy a home as a result, or buy a bigger house? I'll bet that new care looks more appealing!

Some, no doubt, will use relief from debt wisely. But I'll bet a good many others will use it to enable greater spending on consumption of various kinds, such as TRAVEL and time off from working for months or years. You know, the things the entitled children of the upper middle class do when they don't have student loan debt hanging over them.


Seattle Pioneer
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You know, the things the entitled children of the upper middle class do when they don't have student loan debt hanging over them.

Now THERE is the sure sign of wealth envy.
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No. of Recommendations: 2
So..... going into debt for college is a GOOD thing?

That's why working hard to pay your own way is for suckers. Any wonder why socialism is so popular with these type of folks?
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