Founder of StudentLoanJustice.Org, a organization, and political action committee.
I suspect he wants to see more sales of his books by bringing this attention.
Posted on 06/26/2017 8:16:08 PM PDT by GuavaCheesePuff
The nation owes about $1.5 trillion in student loans today. Nearly $1 trillion of this was added during the last president’s term. Student loan debt has skyrocketed past credit card debt, and all other revolving consumer debt combined. By the end of next year, the country will pass the $2 trillion mark.
This debt is strapped to 44 million people in the country, who carry an average debt of $34,000. Interest alone on this amount is about $90 billion per year. In President Trump’s joint session address last night, however, he said absolutely nothing about the student loan problem.
(Excerpt) Read more at thehill.com ...
Call the Boo Hoo girl.
The author is welcome to pay it off himself.
I paid my own loans and can cease to be a taxpayer if I choose to work less.
Maybe those “students” with loans will think about where that money went...ie to bureaucrats and “professors” pulling down outrageous salaries at those higher ed institutions.
The NATION does not owe it the dumb bunnies who borrowed the money OWE IT..don’t lay it on me keemosabe
Founder of StudentLoanJustice.Org, a organization, and political action committee.
I suspect he wants to see more sales of his books by bringing this attention.
Well, lostinbayport will not be silent!
Lostinbayport paid off his loans, early, at great personal sacrifice. Everyone else should do the same. I don’t give one flying flip if you racked up ninety grand in debt on a course of study involving your private parts, some real or perceived grievance, or some fiction shat out by political correctness.
Pay your debts. Eat Ramen noodles until you are seventy. I don’t care and I will not pay for your poor choices!
Yes, he is not a disinterested writer. He wants bankruptcy protection available but this seems inappropriate for discharge in bankruptcy. It’s not like the court can repossess the education. The debt was an investment in the future and, hopefully, will be valuable at some point. I have no problem with abeyance for awhile but not discharge.
Furthermore, until students and parents start looking hard at the higher education establishment’s abuse of the student loan program to raise its own wages and benefits, and until students and parents start looking hard at “fluff” programs and use of loan money to go on spring breaks and semester tours, I have no sympathy for them. I am speaking as one who repaid her student loan debt in full.
Alan Collinge is having trouble paying his student loans.
I wonder what his major was in college?
They should've never been given $200,000 to go to college. That was the first mistake. Give people free money and they're going to take it. Sallie Mae don't care though. You gotta pay her back no matter what.
The mass default is coming. You can't pay back $200,000 working at Starbucks, even if you wanted to. And you certainly aren't buying houses and cars and raising families. This is the entirely predictable result of letting the government get into the business of loaning people money for college.
Hey Alan, Who was the recipient of that slave education worth nothing?
Get it right.
I’ve got 40k extant in student loans.
Honestly, I don’t want forgiveness. Being able to pay them off myself is a point of pride.
It would have been nice if the Obama economy would have given me a job to PAY them in the last 12 months, mind you; that in itself added quite a bit of interest because I had to go on forbearance.
Grr.
But I am be-jobbed now, so they’re gonna be paid.
That is at most half of the solution.
The other half is that the universities promis prosperity they know will not be delivered. The debt should therefore be dischargable through bankruptcy .
The new institutions which will arise after (and at this point it is definitely a when not if situation) that step is taken will be better and less marxist than what we have now.
What I paid for tuition in the late 1970’s is peanuts to what it costs now even after adjusting for inflation. There is no way now to pay as you go. No way.
I wonder how much he owes in student loans?
Yeah, I think that was just a bad choice of words. The borrowers throughout the nation owe $1.5 trill.
Zero was on the verge of forgiving this debt in the form of deferments and forbearances. He had to do that because he destroyed the economy and the most in debt portion of the population can't make the payments.
This is pretty much what the fight is all about. Governments that redistribute wealth don't expect repayment. Taxpayers want their money back.
[I thought the borrowers owed the money.]
Now you’re talking crazy!!
Bernie Sanders will pay for it all!!
You must be in the Ramen noodle business. If so, business is about to be booming.
If you're in the business selling anything other than Ramen noodles, you might want to tighten your belt because there's a whole generation of broke college grads coming down the pipe that won't be buying anything that you're selling. They don't have the money. They're eating Ramen noodles to pay off a college degree that cost the same as a new house.
You paid off your loans, early, at great personal sacrifice. Did your college degree cost as much as a house?
Mine sure didn't. It was much less.
Always “the Swill” brings up issues that have festered for a long time, and then tries to trash Trump for not fixing them already.
Screw these dim bulbs.
If we did that they'd quit teaching 'chip on shoulder 101' or 'snowflake studies'... Here's what I know for sure - I don't owe the money.
Simple. Owe student loans? I say we allow the snowflake college kids to join the military at half pay. The half withheld will be applied to their loans, plus a non-subsidized interest rate.
Don’t want to do that? Then don’t go to college. It’ll just fill your head with nonsense anyway.
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