Posted on 06/06/2015 5:11:30 PM PDT by Benito Cereno
I chose life. That is to say, I defaulted on my student loans.
As difficult as it has been, I’ve never looked back. The millions of young people today, who collectively owe over $1 trillion in loans, may want to consider my example.
(Excerpt) Read more at nytimes.com ...
nope, works just fine....you borrow money from me, you pay it back with interest!
The example of a thief.
IOW, he stole food out of my children’s mouths and the clothes off their backs and is proud of himself.
I wonder why his income isn’t being garnished. He can’t just default on student loan debt, unless of course he took out a private loan.
I’d also think his credit would be really messed up. But I guess he could also be married and living off his wife’s credit rating ...
What kills me is that this is an ADULT writing this. This man is the author of five books. I believe he is in his late 50s. What a scumbag! The Times should simply not pay this moron for writing this screed.
He wouldn’t have paid back his loans had he been hired day one as a “writer”. If he had a job doing that, it wouldn’t have been enough money. I know this type of scum well. It’s a shame that innocent people die of brain tumors while this waste of breath gets to write like an angry 19 year old for a living.
According to Wikipedia, he’s a graduate of Columbia. HAHAHAHAHAHAH ... I wonder what would have happened had he not paid them money he owed them. Do you think that bastion of liberal thought would simply give him his degree and release his transcripts out of the kindness of their hearts? No .....
He tries to rationalize his behavior by comparing himself to bailed out banks and the like. I suppose he has a point, but I lump them into the term “degenerate” as well. “Degeneracy” is what leads to defaults without consequences. It’s his liberal school of thought that make debt and failure to pay off debt “OK”. Degeneracy and liberalism go hand in hand.
Someday the real world will return and people like this will be panhandlers at best. Lazy deadbeats ...
You can count military scholarships as well.
One of my college friends was a ROTC cadet who got a military scholarship. He did 4 years of college and barely made the cut for his commission. Nice guy but he wasn’t officer material (to this day, I think the cadre let him slide when they should of washed him out after the first year). To use a West Point term, he was the “designated goat” (a cadet who graduates last in his class).
He barely passed Office Basic School and it just so happened that we were assigned to the same Army Reserve unit in the Midwest.
Put bluntly, he wasn’t ready for prime time. The unit commander realized he had a dud on his hands and sent him to the headquarters company to push papers and to stay out of the public view.
He only lasted two years before he got washed out. Since the ROTC scholarship he received was a government loan he had to pay a portion of it back (FYI: your contract obligation was either 4 years for active duty or 8 years reserve duty or some combination of both).
Only way out of the contract was either (a) death, (b) medical discharge (c) serve out your contract or (d) downsizing from the government.
A few months after his dismissal, he got a bill from the Feds. He paid it off and moved on with his life. At least he had the integrity to admit he made mistake and was willing to pay for it.
the morons here are the people who make unsecured loans.
stick it to Soros...walk the loan!
If banks want to loan huge sums of money to people who are likely to default, then they should be free to do so. When someone defaults on a loan, that mark should follow them forever so the next lender knows they are deadbeats.
The reasoning behind that exemption is that colleges cannot repossess the eduction. However, they should be able to revoke the degree.
If the degree is worthwhile and marketable, the debtor should be able to find a way to repay it. If not, then the college should be able to revoke the degree.
The article doesn’t mention just what year, but it appears to have been quite some time ago.
I assume they were private loans since he mentions a bank that went under.
If that is the case, he could take the poor credit rating, live it out over 7 years or so and rebuild credit when reports expire.
Whatever he actually did though, he is still a deadbeat.
Yeah, I think I’ll chose life too - I’ll stop paying the taxes that allow parasites like this to continue to live by sticking their hands into the pockets of those of us who pay our own way -and theirs too - wonder how far I’ll get......
A national campaign, from the grass roots, to deprive this person of his stolen goods, what he has ostensibly used to write his books and generate money for himself.
I can see it starting off small, rising to a tsunami of justified theft from this wretched excuse of a man. It became a code to describe the process of dealing with leeches like him.
One would describe the treatment: "He had everything taken from him by people he stole from. He got Siegeled."
He’s a poster boy for selfishness.
He’s for punishing the savers, who he’d better not provoke.
As for bankruptcy discharge: banks can’t expect collateral or credit rating from 18 year olds.
Yes, I can! Does a person's word mean anything any more? Are contracts valid & enforceable?
The government has wasted tons of money on all sorts of projects, including paying for this arrogant, ungrateful pipsqueak to go to college.
BTW, that "government" that he so blithely flips off is you & me...we are the ones who will be stuck with his defaulted debt.
Worthless bum!
keyboard spew alert
The selfish ..... It burns!
No mention that he cratered Mom’s credit too
But just think what society would have lost if this clod had been forced to accept a menial position as a retail store manager to pay his debt
Sarc
His mother was a co signer
No mention of how she dealt with debt collectors and having her credit trashed , or maybe Mummy is still paying the bill
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