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School-Loan Reckoning: 7 Million Are in Default. 17% of all borrowers severely delinquent.
Wall Street Journal ^ | 08/22/2015 | By JOSH MITCHELL

Posted on 08/22/2015 7:09:57 PM PDT by SeekAndFind

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To: dfwgator
Yeah, but those people will be in for a rude awakening when that debt forgiveness shows up on their credit report.

Or when the IRS come calling saying "That forgiven debt? We classify that as income. Here's your bill."
21 posted on 08/22/2015 7:41:00 PM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: SeekAndFind

The big story is not the kids not repaying their loans, but the severe downsizing of academia when loans are granted depending on ability to repay after graduation.


22 posted on 08/22/2015 7:41:14 PM PDT by RFEngineer
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To: Lurker

Three children. Three student loans. November 2014 all paid off. If they start forgiving student loans then I want a rebate on my three. It’s only fair and for the children


23 posted on 08/22/2015 7:41:36 PM PDT by Kozy
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To: LostInBayport
Or when the IRS come calling saying "That forgiven debt? We classify that as income. Here's your bill."

Oh yeah, that too.

24 posted on 08/22/2015 7:43:07 PM PDT by dfwgator
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To: Lurker

whatever


25 posted on 08/22/2015 7:43:53 PM PDT by MichelleWSC3
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To: MichelleWSC3
Don’t you think that’s a little snarky? Why not consider the fact that some people have parents who will not, or can not help with college, but if they want to try and do better for themselves student loans are the only way to get a college education. A little empathy goes a long way!

So did they go to the local Community College, or did they just have to go to the Big School?

26 posted on 08/22/2015 7:44:24 PM PDT by dfwgator
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To: SeekAndFind

The loan debts would be much lower if colleges universities were boycotted by students. This would force the universities to offer courses mainly related to a persons major rather than the forcing of PC classes which have nothing to do with the students chosen major. In that respect state techs and community colleges usually win hands down. They work to serve students & meet their basic needs minus PC nonsense rather than to keep dozens of liberal propagandist professor Marxenhiemers on tenure till their retirement.


27 posted on 08/22/2015 7:45:03 PM PDT by cva66snipe ((Two Choices left for U.S. One Nation Under GOD or One Nation Under Judgment? Which one say ye?))
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To: SeekAndFind

The interest on student loans is not tax deductible.

Many of the kids that do pay are learning a hard lesson on what a bunch of thieves run your government’s loan program.


28 posted on 08/22/2015 7:46:01 PM PDT by jcon40
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To: MichelleWSC3

Agree. Students most likely did not take the loans out with the intention of not paying them back. Those students intended on getting jobs in their fields, but the job market is abyssmal.

Women’s studies. Why bring that up? What makes people think normal graduates aren’t struggling to repay?


29 posted on 08/22/2015 7:46:52 PM PDT by madison10 (If freedom of speech is taken away, then dumb and silent we may be led, like sheep to the slaughter)
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To: ichabod1

I believe that after 20 years, the loan will be discharged and taxed as income. But that may not be entirely correct.


30 posted on 08/22/2015 7:49:02 PM PDT by randita (...Our First Lady is a congenital liar - William Safire, 1996)
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To: DannyTN
there are only so many positions for degrees in angry minority transsexual dykes in the school system... that and all the other liburl BS degrees out there

but i do agree with your point

31 posted on 08/22/2015 7:52:21 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY)
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To: Kozy

You are not alone. This on the track to punishing those who paid there way. Our youngest son had to earn every diploma he got. Was in the top one percent and got a full tuition to a private 4-year school, based on academics. In graduate school now with no money from parents again. Getting 20k a year from the school. This is short of a miracle cause he’s a he, white male and no minority blood.


32 posted on 08/22/2015 7:53:05 PM PDT by George from New England (escaped CT in 2006, now living north of Tampa)
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To: madison10

Very true. I was lucky in that I was able to get grants, scholarships, and only needed less than 7 K in loans. I was able to pay mine off in a couple years.


33 posted on 08/22/2015 7:54:19 PM PDT by MichelleWSC3
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To: SeekAndFind

LAST the federal givernment needs is MORE MONEY....

it’s like a drug.. worse than a drug..
They get the MONEY FROM US...

like drug addicts DO..


34 posted on 08/22/2015 7:54:43 PM PDT by hosepipe (This propaganda has been edited (specifically) to include some fully orbed hyperbole..)
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To: kingu

The real problem is allot of graduates in Science and engineering are working at Starbucks as well as Business majors. 75% of college graduates in STEM are not working in STEM. Lots are working at Krogers’.


35 posted on 08/22/2015 7:55:07 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: headstamp 2

The biggest problem with free things is they are worth less than you pay for them.


36 posted on 08/22/2015 7:56:57 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: George from New England

Are you sure he isn’t a Native American.

I know a blond haired blue eyed Native American who went through School on Minority scholarships and landed a big time job at Harvard as a Minority College Professor. She even became a U.S. Senator.


37 posted on 08/22/2015 8:02:42 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: hosepipe

Giving money and power to government is like giving whiskey and car keys to teenage boys.

P. J. O’Rourke.


38 posted on 08/22/2015 8:04:12 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: MichelleWSC3

“Whatever”.

Brilliant retort there. Did you think of it all by yourself or did you have help?

Borrowing is not the “only” way to pay for college. There are these things called “jobs”. Maybe you’ve heard of them. One could get one of these job thingies, get a paycheck thingy, and then use the money to pay for the classes one could afford.

I know I’ll regret asking this but what, pray tell, did your dead beat friend get her degree in?

L


39 posted on 08/22/2015 8:05:38 PM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Jim from C-Town

If they just move to India and change their names, I’m sure that they would have a job rather quickly with those degrees.


40 posted on 08/22/2015 8:05:48 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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