I’m NOT HasanAbi. This is a FAN-MADE channel.
Edited By: HasanAbi Reacts To
Follow Hasan’s Socials:
Main Channel ► https://www.youtube.com/hasanabi
Watch live EVERYDAY ► https://www.twitch.tv/hasanabi
https://twitter.com/hasanthehun
https://www.instagram.com/hasandpiker
If you own the copyright of the content shown in this video and would like it to be removed please contact me at: [email protected]
#hasanabi reacts #hasanabi #hasanpiker
source
Original video: https://www.youtube.com/watch?v=zN2_0WC7UfU
I listed my pos older brother as the person to take over my debts after I die. Muahahahah
god i love chat😂
We spend trillions training soldiers to do a job in the most stressful situations and their job experience is worth nothing, so we pay millions more to recertify them in colleges so they can prove they're a good employee.
It’s also not nearly 1:1 like if you get a higher degree you earn a fuck ton. Look at lawyers getting the lower levels replaced with machines, and veterinarians who have no hope of paying off loans (and now there’s a shortage of vets).
I've been waiting all my life for a steam deck too. And I am still waiting because… student loans.
W8 public school it's not "free" in the US? 😅
Don't be screaming and don't cuss, some of us have kids
Don't you love when politicians INSIST that private companies must run things that fundamentally makes no sense for them to run? And the only thing it accomplishes is making life more expensive, inconvenient and hellish than it needs to be?
wow a hasan reaction where he is actually present for most of the time
well a someone raised and living in germany that also went to university for a time, you pay a fee per semester of like 300€, which covers your admittance and also in many cases gives you acces to free public transportation for the semester, some places give you a discount if you are a student, but housing and cost of living is becoming an issue so not all sunshine and daisys aver here aswell but better then the us. also we have many jobs you get into with a fellowship program, company xy needs someone to replace worker uv that is retiring in 3 years so they pay someone about 1k per month to do a split between school and working in the company to train them to take over later when they got their diploma as certified "goon or henchmen professional" and then make like 1.6k – 2.8k after taxes and insurance depending on the job. still got the housing issue if you don't have parents you can live with but still a decent option. and the one i fell back on after i flunked out of university after 3 years, i got no debt and earn 2.8k after taxes and insurance per month doing a factory job with alternating shifts.
I wish hasan wasn't taking up like a third of the screen
I have a compromise reform: Make student loans interest free retroactively and going forward. Borrowers are only responsible for what they originally borrowed..
Often referenced in opposition to debt relief are those who have paid off their loan as scheduled. Is it fair to them to forgive the debt of current borrowers? My response would be that the fact that some have persevered through an unjust system is not a reason to perpetuate it. Still, they benefit from this compromise. So even the use of that argument is no longer valid.
All living borrowers (Including those who have paid off their loans and those in educational deferment, forbearance, or repayment, and those who are delinquent, i.e., past due on payments, or are in default, i.e., sent to collections.) shall have their loan balances reset to the originally borrowed principle, the cost of tuition (and student obligations and services, like textbooks or meal plans).
Next, all payments ever made will be tallied. This sum shall be subtracted from the originally borrowed principle.
Those with positive balances will be automatically enrolled in an income-based repayment plan (Which will be consolidated from the hodgepodge of current plans into a single program.) with their new interest-free balance, never to increase again. It is important to note the interest rate-related flaws in current income-based repayment plans. Even if one is making payments, if they are not enough to pay the interest, their balance grows every month. Many fall under an income threshold and are not obligated to make payments, so their balance grows as quickly as the terms of the loan will allow. The trade off is that after 20 years, the remaining debt is discharged. This discharge may or may not be treated, as the discharge of debts often is, as taxable income. This may be a nasty surprise awaiting borrowers who can, for now, breathe easy over the fact that their payments over those decades are capped as a percentage of income.
(Edit: The 2021 American Rescue Plan had a provision forbidding the IRS from considering any remaining student loan balance discharged as taxable income. Good news. https://www.tateesq.com/learn/student-loan-forgiveness-after-20-years .)
Those who now have a negative balance (Including everyone who has already repaid their loans as well as many people in repayment, educational deferment, or forbearance as well as others in delinquency or default because these loans capitalize unpaid interest, late fees, and collection fees into the balance due, on which interest further accrues, resulting in absurd balances far beyond what was originally borrowed.) have already paid back the cost of tuition and shall have their loans discharged.
No one should have ever had to pay interest on these loans. Therefore, the borrowers whose recalculation yielded a negative balance (the amount of interest paid) shall have this amount returned to them. This can be accomplished in four ways:
1. The most direct way would be a stimulus-type check (100% tax exempt) straight to all living borrowers in the amount of the interest paid as soon as possible.
2. The IRS could be authorized to issue Student Loan Interest Refund Tax Credits to filers in the same amount upon filing.
3. If such cash transfers are unpalatable, then a negative tax liability in the amount of the interest paid may be issued, i.e., what would have been one's annual tax liability will be subtracted from the interest paid, and waived each tax year until that balance reaches $0.
4. Not mutually exclusive, these policy techniques can be employed in combinations. However, options 1 and 2 are both stimulative to the economy and beneficial for individuals and households, and thus preferred.
In this way, no one is getting a "free ride" if one is so concerned about that, but the misanthropic nature of interest-bearing education finance is rendered moot. It has always enraged me that these loans were interest-bearing from the start. Such a cynical and malicious revenue source.
Private student loans account for less than 10 percent of the total debt load, but sorely need reform as well. Joe Biden's bankruptcy "reform" of 2005 made private student loans the only bank loan not dischargeable in bankruptcy, along with other obligations like taxes, alimony, child support or criminal fines (it is actually up to the bankruptcy judge, and more recent years have seen examples of judges issuing discharges, but the criteria is so strict most filers do not even bother to submit a separate "undue burden for total and permanent disability" discharge petition). With interest rates rising and private loan rates already well into the double digits, these loans should at least be made dischargeable like any loan. But honestly, the loans should just be nationalized and proscribed, the balances subject to the same adjustment laid out above.
The only possible objectors to these reforms would be those invested in bonds backed by students loans who extract the interest payments, and the largest investors in those are the lenders themselves.
Any worries about bureaucracy are unwarranted. Since this is an automatic and universal adjustment requiring no action by borrowers, it is really just a bunch of arithmetic. The Department of Education likes money. They have every record of who owes what and who has paid what.
There is absolutely no argument against this except that all student loans should be forgiven period.
It should be conceded , however, that even wholesale forgiveness of the nearly $2 trillion student debt load would do nothing to solve the problem of tuition inflation. Student debt would simply begin increasing once again at what debt clock metrics have averaged out the disbursement and payment balances to be between $2,000 and $3,000 every single second.
http://www.collegedebt.com
http://studentloanhero.com/student-loan-debt-clock
That would require separate policy reforms to address.
meanwhile i pay 300 euro for a year in university
my bio professor wrote the lab manual for the class and instead of using the same one every year so students can pass it on to the next class, she changes little things in it that you need for the exams so every year you have to buy a new manual….
Collage is expensive because of easy access to student loans by the government. Just like healthcare when the customer is not on hook for the bill the prices go as high as they can. It breaks capitalisms if the consumer is not paying the bill upfront.
This trend of re-upload channels making Hasan's screen bigger than the content he is reacting to is annoying. Makes it unwatchable. Fuckin stop.
I'm leftist on most things but I do have a lot of trouble empathizing with people who pick low paying majors at highly expensive schools. I walked out with a bachelor's in engineering and 40k in loans and a 70k job out of college. That cost me not getting to experience living at college life (commuted from home to save money) or being able to party during those formative years (difficult major had to study 7 days a week) . Two things I will never get back. Imo if I was able to make that decision at 17/18. Others can too and it's hard to empathize. That being said, tuition costs are predatory and some loan forgiveness should be given to everyone just to offset the bullshittingly high cost of higher education
I graduated hs suma cum laude and get a 50% off tuition scholarship but it’s still like $10,000 a year and that doesn’t include books, housing, or food. 😭
https://youtu.be/DJfufjLkXbU
When I was on vk in Greece to celebrate finishing undergrad, I took a boat tour around Santorini. There was an Australian couple that kept asking me questions about America. These were the first five questions:
1. Have you seen a gun?
2. Do you have a gun?
3. Do you really have to pay student loans?
4. So are you like in a crazy amount of debt? How much?
5. When are you moving?