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I now owe 3x what I originally borrowed in student loans, and now my paychecks are being garnished to repay the debt. What can I do?
Market Watch ^ | March 22, 2022 | Joe Dziemianowicz

Posted on 03/22/2022 7:12:16 AM PDT by grundle

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To: Paladin2

They were also trolling Warren saying she seemed to have no problem being the highest paid prof at Harvard (attained under false pretenses).


41 posted on 03/22/2022 7:31:08 AM PDT by nascarnation (Let's Go Brandon!)
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To: CarmichaelPatriot
"Simple solution - Student loan applications must include a business plan showing how you intend to repay the loan. It needs to show how the field of study will allow you to earn enough in that field to make the payment. If that can’t be shown or is not believable, no loan."

I'll add that the "university" should have to co-sign the loan. Let them be on the hook. They wind up w/ all the money.

42 posted on 03/22/2022 7:31:35 AM PDT by FLNittany
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To: sitetest

“But she’s happy - she’s doing the work she wants to do, and has no plans to retire.”

Good for her!


43 posted on 03/22/2022 7:31:44 AM PDT by caver
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To: grundle

That is why the Federal Government took over Student Loans on July 1st, 2010. Not because they could ‘save’ 62 billion as was narrated, but to make Students become DEBT Slaves the the Federal Government. It worked. Universities don’t do anything anymore but dumb down and ‘socialize’ students and make the slaves to the Federal Government.


44 posted on 03/22/2022 7:31:55 AM PDT by silent majority rising ( )
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To: ConservativeInPA
"Don’t look to me to pay your loans. I had a real major in college. I worked year around when I was in college to pay for college. I had minimal college loans. I worked in the field of my major and I paid those loans. I am not responsible for others irresponsibilities."

#MeToo! I did everything you just described. I called it being grown up. My major was one of those tough majors people quit (computer science) but I stuck with it while working full time to keep from building a lot of debt. I then had a nice paying career in my field, literally accepting my first IT position before I walked the stage (you know, making sure ahead of time college would be worth it before I finished high school).

I don't demand others pay for me being stupid enough to marry my ex. LOL Others shouldn't demand the rest of us pay for them being stupid with college.

45 posted on 03/22/2022 7:33:21 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: grundle
Important lesson; not everything you in college happens in the classroom. If he had majored in inventing time machines, he could go back and make better choices. But, chances are, he would have done the same thing anyway.

And how anybody could even contemplate retirement with debt is beyond me.

46 posted on 03/22/2022 7:33:43 AM PDT by Bernard (Jeffrey Toobin may turn out to be the most ethical character at CNN because he only abused himself.)
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To: CarmichaelPatriot

It can make sense to take out loans, to get a degree in a field in which you will have the earnings to enable you to repay the loans.

Some college majors have no value in the job market. Borrowing to get a degree in such majors is unwise.

This comes back to an honest assessment of what degrees a student is pursuing, and whether such a degree provides earnings to repay the loans.


47 posted on 03/22/2022 7:33:50 AM PDT by Dilbert San Diego
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To: grundle

Tell your kids to pay it, assuming they even talk to you.


48 posted on 03/22/2022 7:34:12 AM PDT by BobL (I eat at McDonald's and shop at Walmart, I just don't tell anyone.)
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To: grundle

Before anything comments on anything....

How much did he borrow?

Why did he borrow?

What degree was he chasing?

What degree was he chasing and what was the likelihood he would find employment with said degree?

Lots of questions before anyone tells him how to repay those loans. And $600 a month?


I went to UMASS-Amherst in the early 90s. The Happy Valley. Lots of hippies and liberals that protested about everything. Back then, they were barking about student loans. Always thought it was odd to get into a class junior or senior year and see some middle aged hippie in there. All they did was take out loans, attend a class or two, and would then, live off the loans.

Liberals, hipsters, communists, progressives, socialists are a very odd bunch. They learn all their nonsense from college professors who are, in all reality, the epitome of capitalism combined with a 6-figure civil service job, where they can’t be fired. Disgusting.


49 posted on 03/22/2022 7:34:17 AM PDT by qaz123
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To: grundle
I’m not working in the field I have the degree in

I think I see the problem, makes you wonder how many other stupid people got a degree in Lesbian Dance Theory thinking it would be a rewarding career.
50 posted on 03/22/2022 7:35:20 AM PDT by eyeamok (founded in cynicism, wrapped in sarcasm)
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To: ConservativeInPA

“Don’t look to me to pay your loans.”

Lots of these stories. Perhaps the media (meaning Democrats) are trying to push the sob stories to soften up the country for a mass forgiveness?


51 posted on 03/22/2022 7:35:36 AM PDT by BobL (I eat at McDonald's and shop at Walmart, I just don't tell anyone.)
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To: hinckley buzzard

What’s the best solution? Should he retire, claim poverty so it throws the loans into permanent forbearance and whenever possible work under the table? That seems to be the only alternative here. There’s just no blood to squeeze from that stone. He’s not making enough as is.


52 posted on 03/22/2022 7:35:42 AM PDT by FLT-bird
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To: FLT-bird

There is no mandate or imperative that you have to go to college to be able to earn a living. Plenty of people go into trades that offer very good living. And for those smart enough to start their own businesses after attaining trade experience are often far better off in many respects.

I don’t buy the anti-boomer, anti-generational argument. You do not go to college for an easy degree. They are worth nothing.

One of the problems with government is their loan forgiveness program. It gave young people the idea that they didn’t really have to pay their debts. The other problem is that bankruptcy has become a staple of the marginal fiscally responsible people.


53 posted on 03/22/2022 7:37:26 AM PDT by Gaffer
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To: grundle

“I’m not working in the field I have the degree in”

How many times have we heard THAT!

College, a waste of time and especially MONEY!


54 posted on 03/22/2022 7:37:37 AM PDT by faucetman (Just the facts, ma'am, Just the facts )
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To: FLT-bird
Get ready for the flood of Boomers...

This guy is 67.

He is a Boomer.

In other words there is a lot wrong here that is the government’s fault and the universities’ fault rather than the fault of the 18-23 year olds who go to school.

Once again, he is 67.

55 posted on 03/22/2022 7:37:52 AM PDT by Harmless Teddy Bear (It is better to light a single flame thrower then curse the darkness. A bunch of them is better yet)
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To: grundle

What can you do? Grow a pair. And pay your Effn debts.


56 posted on 03/22/2022 7:38:20 AM PDT by Herodes
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To: grundle

Bologna, learn it, love it...........


57 posted on 03/22/2022 7:38:49 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: FLT-bird

Yep, I’m a Boomer. My kids aren’t. They are late Millennials and early Generation Z.

They each worked full time at crap jobs for at least a year after high school and before going to college, went to state universities instead of expensive private schools with most of their friends, picked majors that actually led to employable degrees, and worked part time throughout college and full time in the summers so that they could graduate without any debt.

Meanwhile, they have friends from high school that went straight from high school to expensive private colleges and universities, got useless degrees (if they graduated at all), and now have tens of thousands of dollars of student debt that they are looking to the rest of us to pay off.

Instead of “forgiving” student debt, why not “forgive” mortgages?


58 posted on 03/22/2022 7:40:42 AM PDT by Bubba_Leroy (Dementia Joe is Not My President)
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To: Gaffer

I agree that people can make a good living in various trades without going to college. Yes this guy is 67 and is himself a boomer.

That said, in general the visceral opposition one sees toward student loan forgiveness IS a generational issue. Its akin to the occasional article from a younger person decrying government funded hip replacements or other expensive medical treatments that generally older people need.


59 posted on 03/22/2022 7:40:52 AM PDT by FLT-bird
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To: grundle

yeah... so??? took me TEN YEARS!!! GFYS...


60 posted on 03/22/2022 7:41:25 AM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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