F-— them.
If they borrowed the money, they are obligated to pay it back.
Criminals. Throw them in jail.
Isn’t that called ‘stealing’?
Anybody else having trouble getting a loan in the future remember these morons.
Is that all it takes?
If I collect 14 others to go on a income tax strike because the IRS breaks the law, in several respects, will we get invited to DC to negotiate a new tax code?
Can we have Kerry (whom I understand is a Viet Nam veteran) to negotiate with?
The NappyOne
Maybe it’s time to bring back debtors prison.
As long as they don’t use tax payer’s money to bail out those liberal hell hole universities and collages, I don’t give a rats behind if they all fold and go out of business, actually this is a good thing.
Deadbeats!
Colleges could charge whatever they wanted because the students weren't actually paying it, they were just accepting the feral government's crack cocaine and passing it on to Liberal college perfessers.
Now most of them are stuck with degrees that qualify them to be burger-flippers and stuck with 5-figure loans.
Something is going to happen, and that something will result in a total economic collapse.
Key take-away is that the CFFP has invited them to DC to testify.
That tells you it’s astroturfing and the fix is in. They are going to be window dressing for the Liz Warren campaign (despite her recent denials). The Bonus Army of the 21st. Century.
The student loan fiasco has made it possible for educational systems to raise their prices at two or three times the inflation rate for decades to overpay liberal professors to indoctrinate our youth. It is time for our entire educational system to have massive reforms, to include especially putting a bunch of tenured commies out on the streets. And no I am sorry, if you got student “loans” and used them to party for four years so you could get handed a worthless degree that isn’t worth the paper it is printed on... that is your problem.
Sad thing is that it will destroy the housing market, as future college kids who default on loans will not be able to buy a house with a mortgage.
The second shoe to drop is that any write-off of a loan is considered imputed income. If the loan is forgiven or written off, say for $80,000, that student will then owe $20,000 in tax liability. It is income!
These freeloaders want to simply walk away from their promises to pay back loans? They should have their wages garnisheed, any assets seized and auctioned off and any bank accounts attached.
A friend of mine in okc has a street rod building business. He hired a kid out of Wyotech to do some work at his shop thinking he’d be qualified to do simple sheet metal, suspension and welding work. After the third day of this kid’s obvious lack of knowledge, he’s ever since referred to Wyotech as “Why me? Tech”.
Probably fifty percent of the students going to four year colleges and paying stiff tuition fees should be going to tech schools and learning something that might get them a good job. At some point somebody has to expose and attack Big Ed(ucation.)
G** Damn them.
We are scrimping and cutting back on everything possible in our lives - to make sure my kids don’t come out of college with debt.
There are millions of people paying back student loans. What eighty-five people do is irrelevant. My daughter is a recent college grad (who mercifully has no loans), but many of her friends have loans. They are all slowly paying them off, and most of them will be paying for years.
Everest? Isn’t that the joint that teaches students how to ramble incessantly for 90 seconds about Everest without taking a breath? Who would hire someone who speaks like that?
What does the future look like for an economy built on credit debit when the credit system fails?