Posted on 04/09/2015 2:10:09 PM PDT by SeekAndFind
On Wednesday, National Public Radio had a spot about how some states are reviewing laws on their books that let them yank driver's or professional licenses from those who default on their student loans.
To set the story up, the NPR reporter focused on the plight of Clementine Lindley, who recalls how after graduating she had to "decide whether to pay rent, buy food or make her student loan payments" because her debt was so massive.
How did Lindley rack up so much debt? NPR doesn't say, but a little sleuthing shows that Lindley got her Bachelor's degree in "Liberal Studies" from the private Seattle University and then went on to get a Master's in "Peace and Conflict Resolution" from University of Ulster in Northern Ireland. And now she's executive director of a non-profit in Montana.
There's nothing wrong with pursuing such degrees or careers. But Lindley clearly dug a financial hole for herself by choosing to combine expensive colleges with degrees that aren't exactly in high demand.
The fact that NPR left this pertinent information out of the story is emblematic of how the student loan story is being told by the press and by officials in Washington.
President Obama, for example, keeps talking about student debt as though it were a terrible burden that fell out of the sky rather than the result of free choices made by the students themselves. And he's taken repeated steps to make it easier for students to pay as little as possible on their loans, first by federalizing the loan program and then by offering easier repayment plans.
(Excerpt) Read more at news.investors.com ...
Because it buys votes for Democrats.
in short.. socialism!
I won’t hire anyone who gets bailed out.
Because funding the liberal universities was always the goal of the loans program.
I paid my way through university with zero student loan debt.
I never took out a loan to pay for it.
Today’s kids find repaying debt hard. That’s life.
Taxpayers should bailout me first.
With what I pay, I’m supporting several illegal immigrants, three food-stamp recipients, two HHS employees, a few members of ISIS with Obama supplied weapons, and a lesbian and race-studies college professor supported by Federal grants.
Help!
Because our young are our future?
It’s a good question, but so is, why should student loan lenders or the government be exempt from bankruptcy laws?
Not good to start off the campaign antagonizing the Soylent Green industry.
A Masters in “Peace and Conflict Resolution”????
Words fail me.
.
we shouldn’t.
>>Because our young are our future?<<
And need to learn responsibility. That is the best lesson we can impart to them.
Another excuse to steal money from the taxpayers and give it to a DemocRat voting class.
Just like Obama.
They know that big money supports winners, not ideology.
My opinion is that a huge percentage of one percenters are Democrats (crony capitalist Democrats) like Buffet, etc.
Because the banks that made the loans can’t be left holding the bag. They don’t deserve any risk, only profit.
Senator Warren, do you know what is going to crush our kids? The $18 trillion federal debt.
The presumption when the state takes your driver’s license away until you pay your debt is that you have the money and are not using it to pay your debt. I know a man who got fined by the EPA. It was way more money than he had. They took his driver’s license and he lost his job. He has slipped further and further into poverty in a cascade of consequences. This is very common now. Another FR posting today said that 1/6 of California driver’s have lost their license because of unpaid fines. (Incidentally, in Florida there is, in addition to the fine. a $495 “reinstatement” fee. Seriously, if you can’t pay the first $1,000 and it goes to collection where they add (I think) 40%, how will you afford fine, plus collection plus $495?) We are getting fee’d to death!
In keeping with current PC trends and white privilege, only minorities should be bailed out from their school loans...
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