Oh just write it off. Let those of us that have saved not enough, pay for others that have enjoyed the pleasure.
peanuts, just a drop in the bucket compared to how much Perpetual Debt we have enslaved our children in, all to pay for our wants today.
Well it sure wasn’t conservatives who caused tuition rates to skyrocket. Conservatives aren’t allowed on “college” campi. America could definitely use a little “comprehensive tuition reform”.
Semi-adult daycare.
I won’t hire anyone who has their debt forgiven.
Make sure you tip well at Denny’s, IHOP, etc. ... they’ve got a lot of debt to pay off for the 6-7 years of college to get that BA.
King Obama is disappointed that the economy hasn’t totally tanked yet.
But he is still doing his best to make it happen.
hm... you would think liberals would eventually figure out why stuff like this happens, but nope! they never learn.
As long as the government keeps subsidizing the cost of college tuition through larger and larger loans and grants the cost of college will continue to climb.
Simple economics. The cost of ANY item or service will always equal only what people are willing to pay + any subsidy being offered.
So if the government is giving out million dollars student loans or grants per year, and the average american family is only willing and or able to afford $30,000 a year. The cost of college will be $1,030,000.
Pretending that individual debt for students is a national crisis irritates me. I paid for my own college and worked hard doing it. Others borrowed for college and worked hard paying the debts they voluntarily assumed. Those who borrow money and choose not to pay have no integrity - when they choose majors that do not lead to jobs or consciously choose not to pay their debts, they disgust me.
After struggling on $9/hour for several years, I went back to school in my 40s and have been paying the minimum on my student loan debt because that’s all I can afford. It is currently 5% of my gross, making it so I can only put 5% in my 401K. The monthly payments are scheduled to keep increasing as my income continues to decrease. It supposedly will be paid off when it is taking 1/3 of my SSI when I am 78 years old.
Even though I have been making the payments, my debt has increased 20% above the original balance and continues to grow.
Someone close to me started out with $35K student loan debt 20 years ago. Now it’s $250K.
These loans are not meant to be paid off. It is the penalty of trying to get out of your class by getting an education.
Don’t worry about any bailout much less any debt forgiveness or reduction; the student loan banks are too powerful. Sallie Mae can garnish your unemployment, they can garnish your Social Security. They can take as much as 1/3 of your gross, which equals 1/2 of your net. There is no statute of limitations on student loan debt.
Yea, those of us carrying student loan debt are living the high life. I am guaranteed to be destitute in my old age. Consequently I’m saving up to fix my 17-year-old car and buy a small trailer to live in on the side of the road so I won’t have to sleep in my car as I did when I could not find work for a year after getting my BA with honors in Government & International Politics/Electronic Journalism.
Thanks in advance for attacking me for not being as smart as you.
If you take out a huge loan, and get a useless degree with which you can’t get a job that makes having gotten the diploma worthwhile, I have no sympathy for you.
Perhaps comprehensive student loan debt forgiveness is demRATs October surprise.