Petition to Have All Student Loan Payments Taken out of Pre-Tax Salary

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Petition to Have All Student Loan Payments Taken out of Pre-Tax Salary

Postby Anonymous User » Mon Nov 21, 2016 6:41 pm

Why can we not do this? It makes sense for everyone and incentivizes people to get degrees!

Who's with me!!

ClubberLang

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Re: Petition to Have All Student Loan Payments Taken out of Pre-Tax Salary

Postby ClubberLang » Mon Nov 21, 2016 7:14 pm

People need incentives to become plumbers and electricians, not to get degrees. Your "plan" will encourage more borrowing and drive up costs more. Also what about people who don't borrow? Can they pay out of pre-tax dollars too? May as well have meal payments taken out of pre-tax salary too because everyone has to eat, right! Also, isn't there already an interest deduction? Pretty dumb idea anon bro.

h2go

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Re: Petition to Have All Student Loan Payments Taken out of Pre-Tax Salary

Postby h2go » Mon Nov 21, 2016 7:17 pm

ClubberLang wrote:People need incentives to become plumbers and electricians, not to get degrees. Your "plan" will encourage more borrowing and drive up costs more. Also what about people who don't borrow? Can they pay out of pre-tax dollars too? May as well have meal payments taken out of pre-tax salary too because everyone has to eat, right! Also, isn't there already an interest deduction? Pretty dumb idea anon bro.


Agree. There is already enough incentive to get a degree.

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Pomeranian

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Re: Petition to Have All Student Loan Payments Taken out of Pre-Tax Salary

Postby Pomeranian » Mon Nov 21, 2016 7:19 pm

The only thing this will do is make law schools more eager to raise costs...

Boltsfan

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Re: Petition to Have All Student Loan Payments Taken out of Pre-Tax Salary

Postby Boltsfan » Mon Nov 21, 2016 7:22 pm

ClubberLang wrote:People need incentives to become plumbers and electricians, not to get degrees. Your "plan" will encourage more borrowing and drive up costs more. Also what about people who don't borrow? Can they pay out of pre-tax dollars too? May as well have meal payments taken out of pre-tax salary too because everyone has to eat, right! Also, isn't there already an interest deduction? Pretty dumb idea anon bro.


Strong response. I concur in full. Especially in the bolded section.

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star fox

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Re: Petition to Have All Student Loan Payments Taken out of Pre-Tax Salary

Postby star fox » Mon Nov 21, 2016 8:32 pm

Why should the country's treasury as a whole suffer to help fund your legal education?

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Clemenceau

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Re: Petition to Have All Student Loan Payments Taken out of Pre-Tax Salary

Postby Clemenceau » Mon Nov 21, 2016 9:19 pm

I just wish the student loan interest deduction were in play for the biglawyer bigdebtors

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Re: Petition to Have All Student Loan Payments Taken out of Pre-Tax Salary

Postby Anonymous User » Mon Nov 21, 2016 9:22 pm

Clemenceau wrote:I just wish the student loan interest deduction were in play for the biglawyer bigdebtors


or to bigdebtors in general.
I make just enough so I can pay down my sticker debt on a 15-20 year plan but have very little left over (poverty level). But the current deduction is a joke in my situation.



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