Posted on 11/19/2012 6:41:49 AM PST by Kaslin
“Student loans should be discharged in bankruptcy like any other debt, and colleges should be on the hook for at least part of the loans. Do this, and overnight colleges will stop accepting unqualified students, and stop offering majors for which there are no job openings.”
Bingo! Best answer on this thread.
I changed my major, made the dean's list, and never looked back.
Why is it the Senate’s issue? People choose to take on these loans for worthless degrees. Consequences of choice should not be protected by the Senate.
My downfall was Discrete Mathematics. Had to use both forgiveness classes on it and still never managed a C. Had the same non-English speaking professor all three times, and to this day, I blame him. He could never understand my questions and I could never understand his answers.
Hey, now we found something we can do with the NYT’s proposed wealth tax! It’s raining money!
The title is not correct. The debt is individual debt, incurred by individuals, who owe a great deal of money. In most cases, rather than being frugal and making wise decisions about their education, they chose to spend money they did not have, thus endangering their future and their children's future.
Just like those who chose to borrow money for homes, they could not possibly afford, many of these individuals pursued dead end degrees, that could not lead to jobs.
As a result of a Democratically controlled House and Senate(2008-2010) crashing the economy, and Obama following his inclination to redistribute that which we do not have,the world has crashed around their heads.
Once the House reverted to a Republican majority, the Democratically controlled Senate (under the leadership of Harry Reid)refused to bring any House Budget to a vote in the Senate. Any time a Obama budget was taken to the Senate for a vote, the result was a resounding vote of no by the senate, the last being 98-0 against. As a result we have not had a budget for how many years? We have only had spending, and borrowing.
Pollsters constantly polled people about their feeling about "Congress", not their feeling about the House or the Senate. The truth is the American people love the House, but despise the inaction of the Senate, as reflected in the results of the vote in November.
If electoral ballots were distributed by House districts, rather than winner of a statewide vote taking all delegate, we would have a Republican president this time.
It the old story of choices. Some choose to live lives of moderation, saving, investing, and working toward the future for themselves and their children. Others choose to borrow, spend,and live an extravagant lifestyle. They then look around and find that because of their choices, they have nothing, owe a lot, and then demand that others have cheated, and they deserve more. They deserve their "fair share".
I really think the Occupy Wall Street crowd is looking at how Obama bailed out GM and spread the money around to his supporters, and want their share, since they were instrumental in getting him elected the first time.
I would not really have a problem with refinancing college loans at current rates, but only for those individuals, who pursued degrees in health sciences, engineering, business,mathematics,and even English(if that person took a masters in Education in order to teach). These people chose to invest in the future.
Fairness does not mean that those who worked their way through school, or paid back their student loans, should pay for the individuals who refuse to honor their debts.
That used to be the case. The 1978 Bankruptcy Code allowed student loans to be discharged just like any credit card debt three years after the first payment was due. Since then, every few years, starting in the mid ‘80s Congress has amended the code to make it more dificult to discharge student loans. In ‘99 they virtually eliminated the discharge of all governemt guarenteed student loans, and in 2005, all private student loans.
The days of the brick-and-mortar college monopoly is coming to an end. Sooner or later they will be forced to embrace technology and offer alternatives to “going away to college”. This will be unfortunate for the hundreds of thousands who depend on students and parents to fund their salaries and retirements.
Any parent who encourages their kid to take out a student loan in this environment is irresponsible.
Tommie the Commie is going to HELP put the country even further in debt.
“3rd party payer” systems are all a big fustercluck.
Any of them and all of them.
So?
Do we need yet ANOTHER 'help' from Gov't?
People are buying what the colleges are selling; so just leave them alone!
Yup!
Frankly, I’m all for higher and higher education costs. Then the idiot students will finally learn that they only been taught to be liberal commies and were dumb enough to pay for it for the rest of their lives. They beauty of the progressive commy way they will not have the knowledge to ever be employed except as toys for the govt. Just like all the eastern countries, dumb and poor.
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in fairness, they do work outside the classroom -- preparing for the lecture, research etc.
I think that's incorrect. If there is a major with low job offerings, it should still be offered, but I don't see why it should cost so much as say an engineering degree, and people should be told about this at the beginning
Also, i believe that engineering students etc (and I'm a mechanical engineer) having english lit or some other "arts" course as a minor is a good idea to get a balance...
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