Posted on 12/03/2020 9:10:32 AM PST by SeekAndFind
Tell them to get a job or start a business abd pay their debts like all honest people do. (Crippled or really sick sick sick excepted )
Send your tuition bill to the Los Angeles Times. They can either pay it or they're hypocrites.
In my day there was no income driven repayment program. You could defer for a brief period but you owed what you owed every month based on what you borrowed. Mine got paid off. Are people really dragging their feet waiting for debt forgiveness for student loans?
There’s no reason to “forgive” student loan debt since that’s in theory how these kids are making the big bucks after college compared to those who didn’t attend. A recent study shows student loan forgiveness would not stimulate the economy. This is all about buying votes.
This give away and debt transference is among the worst kinds of discrimination, fundamentally unfair. These are the same people who complain about income inequality, the wage gap and CEO compensation.
Why are we talking about “low income students” when the point of their college education is for them to rise above?
Can we do that for credit card debt? If anything they need to address interest rates on credit card debt.
I paid my way through college. I paid off my wife’s student loan debt. I paid for 2 kids to go to school. No more debt now. I will be screwed in so many ways.
A kick in the teeth to everyone who worked their way through college, paid back their student loans, or forewent a college education as unaffordable.
It’s almost like they want us at each other’s throats.
I paid my own way through college too. Both times. First time in the 80’s, second time 2004 - 2006.
Forgiving these loans implies that college will be free in the future. If you forgive these loans then you’ll have to forgive all future loans.
How about we "forgive" loans for students who really are in financial straights but require them to either pay back the balance in the future, with accrued interest, or to serve as workers to taxpayers in order to pay off their debts.
I could use some ex college students to help with the yard work while they work off their debt.
Exactly so. Thanks for the checks!
Debts which cannot be repaid will not be repaid. One way or another, most of that 1.6 Trillion dollars will be never be repaid by the students.
We have bankruptcy laws that can deal with this problem, if they are permitted to do so.
Student Loans should be discharged in conventional bankruptcy proceedings - which will deny the deadbeats access to most forms of credit for the next seven years.
And the Government must stop making any more student loans. This will force about half the Universities and Colleges in the country to close their doors. Good riddance!
they do want us at each other’s throats while they steal elections and destroy the constitution.
Let’s dispense with the two most common objections to student-debt forgiveness. The first is that canceling existing debt would be unfair to the millions of borrowers who met their obligations and now would have to sit by and watch deadbeats receive a windfall.
As I’ve observed in the past, it’s hard to imagine a weaker objection or a more crass formula for governmental paralysis. By its logic, we wouldn’t have Social Security or Medicare today. The argument would be: “My great-grandparents starved in old age and died in the street because they couldn’t get healthcare, so why should yours get a break?”
_________________________________________________
I hate to break it to this guy, but the “crass formula” he derides forms the very basis of credit integrity. If you can be bailed out for political reasons, then who cares what the interest rate is? Who even cares about credit limits?
It’s amazing to me that people on the political Left are so deficient at looking at issues from a responsibility perspective.
What about car load debt and credit card debt and home mortgage debt?
If student loans are paid off then so should all these other debts.
There’s zero difference in them.
“What about auto debt ?”
What about mortgage debt? Housing is a right!
What about medical debt? Health is a right!
What about credit card debt? Shopping is a right!
Where does this end?
The student loan ‘crisis’ is a result of the liberal financial-academia complex...let the schools and professors refund the da students for shoddy business practices...
In addition, universities are not honest with these kids about the burden the loan debt will be once they graduate. They especially take advantage of kids who are searching and don’t know what field they want to go into or who receive degrees that pay very little in the real world.
Another thing they don’t fully explain is how devastating the interest is on these loans. That is where the real burden lies. I realize that student loans are unsecured resulting in the higher interest rate, but these kids have no idea what that translates into when repaying the loan.
I do not support forgiving loans but I would support eliminating the interest debt on government loans and a law that mandates the student be told what the actual costs of that loan will be.
I say this as one who took out a parent loan for one child and paid it off and has another child who is currently paying off his loans.
Don’t worry about that mortgage. When the great reset happens, you won’t own that house anymore and the one world government will gladly add people to your household who will use their monthly guaranteed income to help with expenses.
The banks and the schools should pay for these predatory lending practices.
There is ZERO underwriting that goes into these loans because the universities make the loans. The more loans they make, the more money they get. They are not the least bit concerned about making bad loans because they are lending other peoples’ money.
When you apply for a mortgage the bank won’t loan you the money if their underwriting software says you won’t be able to pay it back.
Universities should be held to the same standard. If they make loans that aren’t paid back, it should come out of their hides, not somebody elses.’
You’d be amazed at how many fewer student loans would be handed out if it came out of their own pockets.
I just got a robocall on my cell with a recorded message on how to have my student loan debt cancelled. They left a 202 phone number (DC). Looks like the deep state is already working to eliminate college debt.
I never had a loan and I am 60 years old.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.