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Billionaire Robert F. Smith is paying off the student loans of every 2019 Morehouse grad..

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Comments

  • BankwalkerBankwalker Posts: 5,348 ✭✭✭✭✭ Graduate

    How would you like to be a parent who paid to put your kid thru school and somebody reimbursed everyone else and not you?

    One person has over $200k in loans from a school with tuition amd fees of $30k year. He obviously didn’t work one bit to cover his costs of living while in school. Frankly, I am floored that people spend that much money to segregate themselves. When interviewed, the above individual said, “What I took away from this was to take care of black people.”

    I’ve tried to find a list showing where the HBCU’s rank among all schools. Can’t find one but it can’t be any where near the top because I used to receive job applications from Spellman, Morehouse, and Clark Atlanta graduates for blue collar jobs requiring no college education, and it wasn’t just one or two. I would get gobs of them when I would list a position.

    The average composite SAT score for Morehouse is 1058, with a 3.2 gpa. For comparison,Georgia State’s averages are 1054 and 3.43, and it costs a HELLUVA lot less money. Ga Southern’s is 1171 and Auburn is 1227. Only a dummy would borrow $200k to attend Morehouse, so I am thankful for the billionaires generosity because in all likelihood a significant percentage of these loans would have never been repaid.

  • YaleDawgYaleDawg Posts: 7,098 ✭✭✭✭✭ Graduate
    edited May 2019

    Spelman only has 1 "L", and it ranks 51st out of all liberal arts colleges according to US news and world report. Morehouse is 143rd and there are over 500 liberal arts colleges in the US. Anywhere is also one word. How many men from Spelman sent you a job application for blue collar work?

  • donmdonm Posts: 10,241 ✭✭✭✭✭ Graduate

    I think that the idea of becoming a "Morehouse Man" carries a lot of weight with some/many people. It may be well worth it to them.

  • RxDawgRxDawg Posts: 2,922 ✭✭✭✭✭ Graduate

    Well good for them. But what about the people that worked hard to keep down their debt while in school? Also, it's fine if people want to donate to this cause. What's not fine is voting to steal from me to help pay off others debt that they voluntarily accumulated. That's really not okay at all.

  • donmdonm Posts: 10,241 ✭✭✭✭✭ Graduate

    what was stolen from you? I don't understand what you mean.

  • YaleDawgYaleDawg Posts: 7,098 ✭✭✭✭✭ Graduate

    I believe he's referring to the push to make public college education free

  • RxDawgRxDawg Posts: 2,922 ✭✭✭✭✭ Graduate

    Nothing is free. If the politicians attempt to buy votes with promises of paying off voluntary loans, it's coming out of our paychecks. I'm hoping it's just political pandering which you see a lot of these days. But it's a lot of noise. And I say this as someone who is still paying off his own student loans.

  • RxDawgRxDawg Posts: 2,922 ✭✭✭✭✭ Graduate

    @YaleDawg I'm referring to the politicians promising to remove already accumulated student loan debt.

  • YaleDawgYaleDawg Posts: 7,098 ✭✭✭✭✭ Graduate
    edited May 2019
  • RxDawgRxDawg Posts: 2,922 ✭✭✭✭✭ Graduate

    Well I duno, I just see different speaches and all their talking points. This is definitely brought up. Even talked with one of my temporary Rx students about it the other day. He joked that his vote could "be for sale". A quick google search came up with this if you really need specifics.


    https://www.vice.com/en_us/article/a3pxq8/these-candidates-want-to-eliminate-your-student-loan-debt

  • YaleDawgYaleDawg Posts: 7,098 ✭✭✭✭✭ Graduate

    @RxDawg oh yeah it's definitely brought up. I just haven't kept up with the actual policy ideas to implement student loan forgiveness. Always seems more like a lip service type of thing to attract young voters. Thanks for the article

  • RedBlackDawgRedBlackDawg Posts: 354 ✭✭✭ Junior

    First of all, this is STILL a free country, and he can co whatever he chooses with his money and it was a very generous act. HOWEVER, generous acts by billionaires will NOT solve this problem. There are 540 billionaires in this country. If everyone of them donated the $40M like he did, it would yield $22B. The total student loan problem is $1.5T (as in trillion)!!

    IMHO, the problem with college costs are these palatial campuses that every school seem to be building, the legions of bureaucrats to run it, the easy access to student loans, and the brainwashing of kids that EVERYONE should go to a traditional 4 year college, that are spiraling up costs.

    Cheap trade school or community college anyone?? After all, you don’t have to be a UGA alum to be a Dawg fan!!

  • YaleDawgYaleDawg Posts: 7,098 ✭✭✭✭✭ Graduate

    @Bankwalker I'm not surprised you got more men from Morehouse and Clark to apply since Spelman is an all female college.

  • BankwalkerBankwalker Posts: 5,348 ✭✭✭✭✭ Graduate

    I do not believe I said I had male applicants from Spelman. I received female applicants, too. I also advertised admin asst positions (answer the phone, scheduling, etc) that drew similar applicants - both male and female.

  • BankwalkerBankwalker Posts: 5,348 ✭✭✭✭✭ Graduate

    @bobby the concept of taxing major corporations even further is a complete fallacy. Coca-Cola, Delta, you name it - they all know roughly what their revenues will be for the year ahead on Jan 1. They forecast their taxes and fold them in to the cost of goods and services. YOU the consumer, are who pay those taxes, not the corporation. The costs are hidden in what you buy.

    Corporate taxation is the single most regressive form of taxation in our entire economic syatem, disproportionately hitting the pockets of lower income people. You need an education to understand that one, which is one reason why the goal of the progressive socialists is to keep people dumb.

  • RedBlackDawgRedBlackDawg Posts: 354 ✭✭✭ Junior

    Not only that, many of the people complaining about corporations not paying taxes don't realize these profitable companies contribute to their positive returns in their 401K's and mutual funds that their retirement funds are invested into

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