To: E. Pluribus Unum
I’m not sure if bankruptcy can wipe out student loan debts, but if it can then that’s the legal way for these people to go. Otherwise the lender should sue the crap out of them. The lender wasn’t the one who decided to go to a POS degree mill.
2 posted on
03/31/2015 6:39:08 AM PDT by
from occupied ga
(Your government is your most dangerous enemy)
To: E. Pluribus Unum
$100,000 in college loan debt? That’s debt slavery. It shouldn’t be allowed. That doesn’t mean they shouldn’t pay up.
4 posted on
03/31/2015 6:41:32 AM PDT by
grania
To: E. Pluribus Unum
As I understand it, the loans are through a bank, but guaranteed by the Federal gov’t. Personally, I think there should be some blowback to the banks for making loans to Donald Duck University (or whatever) in the first place. Why should we taxpayers subsidize a student who wants to get a Ph.D. in Saving the Loblolly Pine Tree? I’d like to see the banks eat 90% of the loan’s cost and the rest fall on us, but only for those students who have declared bankruptcy.
6 posted on
03/31/2015 6:43:56 AM PDT by
econjack
(I'm not bossy...I just know what you should be doing.)
To: E. Pluribus Unum
I'm not sure this case is so cut and dry. This isn't like someone with a degree from Harvard refusing to pay back student loans. Degrees from Corinthian Colleges, Inc.are absolutely worthless. Employers aren't accepting them as legitimate college degrees. The schools were under federal investigations for various improprieties while at the same time the government was handing out loans to students to attend them.
There's a lot more to this story than just a "repayment strike".
8 posted on
03/31/2015 6:47:23 AM PDT by
Drew68
To: E. Pluribus Unum
I worked as a GS in the Pentagon a few years ago and one of my side deals was to supervise over the janitor cleared for the work area (he had a clearance).
We were talking one day and he brought up his off-hours education deal. He was one of the dopes who’d bought off on the for-profit-education school in the DC area. He was going for a IT-certification and bought into the hype of $50,000-$60,000 career opportunities when he finished.
Well...the school had gone bankrupt the month prior. He was probably seventy-percent through their program. They weren’t coming back and he needed advice. I researched the whole thing...because he just didn’t have anyone to provide reasonable and ethical advice.
None of the classes he took were acceptable by any community college (Maryland, Virginia or DC). That was problem number one.
The college was permanently shut, but would allow a request via some lawyer for a print-out of your progress. I asked around for other-for-profit schools...if they’d take what he’d done. They all basically wanted him to start fresh and pay the full deal over.
Getting money back? Zero chance.
There might be one or two decent for-profit schools out there....but you really need to avoid all of them and stick with state community colleges. I felt sorry for the kid and it was obvious that he really was counting some type of advancement for the time and money wasted. Other than resume filler....there was nothing else he could do.
The problem here is you need real people giving advice and helping folks avoid the advertisements and sells gimmicks. These community organizers who ought to something positive for their communities...like leading kids away from rip-offs...instead are just frauds and do little to nothing for their community or the kids who do need help.
To: E. Pluribus Unum
Have fun in court.
Loan are to be paid back. If you dont on purpose, you have engaged in theft.
To: E. Pluribus Unum
Sarah Dieffenbacher is on a debt strike. She's refusing to make payments on the more than $100,000 in federal and private loans
Dieffenbacher, who works in collections for a property management company
![](http://i.imgur.com/r98BJOt.gif)
13 posted on
03/31/2015 6:49:19 AM PDT by
LostInBayport
(When there are more people riding in the cart than there are pulling it, the cart stops moving...)
To: E. Pluribus Unum
Dieffenbacher said she received an associate's degree in paralegal studies from Everest College in Ontario, California, and later went back for a bachelor's in criminal justice before later dropping out. She said she left school with about $80,000 in federal loans and $30,000 in private loans, but when she went to apply for jobs at law firms she was told her studies didn't count for anything.Why would someone take out $110,000 in loans to get a degree that can be easily obtained at virtually any community college? Why did she drop out before obtaining her Bachelor's?
To: E. Pluribus Unum
I have been telling every college kid I know and the parents of college kids this one thing for years now.
If you are NOT either interning or Co-Opping you are wasting your time.
There is an axiom to that and it is
If you cannot get an internship or Co-op position in your current course of studies from the college you are attending, you are Completely wasting your time and Money.
17 posted on
03/31/2015 6:53:07 AM PDT by
Boiler Plate
("Why be difficult, when with just a little more work, you can be impossible" Mom)
To: E. Pluribus Unum
studies at a for-profit college that she now considers so worthless
While I agree that many of the curricula at for-profit colleges are indeed worthless, I'd venture to say the same about many degrees from so-called non-profit institutions as well.
18 posted on
03/31/2015 6:53:49 AM PDT by
rightwingintelligentsia
(Democrats: The perfect party for the helpless and stupid, and those who would rule over them.)
To: E. Pluribus Unum
She spent approx 7 years at this college and racked up $100K ??
26 posted on
03/31/2015 7:01:10 AM PDT by
IllumiNaughtyByNature
($1.84 - The price of a gallon of gas on Jan. 20th, 2009.)
To: E. Pluribus Unum
Sarah Dieffenbacher is ... refusing to make payments on the more than $100,000 in federal and private loans
No sympathy here. After I graduated, I had to repay loans and grants over a 4 year period. Initially, those amounts exceeded a full year's income The first three years in the real world were difficult, financially, but I managed to pay back every loan and grant ON TIME or ahead of time. I drove junker cars, ate TV diners, and delayed purchases of 'luxury' items, such as a first color TV, etc.
Sarah Dieffenbacher ... owes for studies at a for-profit college that she now considers so worthless she doesn't include it on her resume.
That is her fault. She should have investigated the employability of various fields of study. Is her Google finger broken?
27 posted on
03/31/2015 7:01:43 AM PDT by
TomGuy
To: E. Pluribus Unum
sure put their student loans on everyone’s taxes
30 posted on
03/31/2015 7:07:46 AM PDT by
molson209
(Blank)
To: E. Pluribus Unum
I screwed up and chose a fly-by-night college. Check.
I majored in something useless. Check.
I borrowed thousands to secure this worthless degree. Check.
I signed contracts agreeing to repay the money I borrowed. Check.
I entered into these agreements willingly and with full knowledge of their legal consequences. Check.
But it's someone else's fault and their obligation to eat the debt.
Got it.
35 posted on
03/31/2015 7:11:40 AM PDT by
IronJack
To: E. Pluribus Unum
My wife’s niece decided she wasn’t going to pay back her student loans. Guess who squealed like a pig when her tax refund was seized?
41 posted on
03/31/2015 7:16:34 AM PDT by
who knows what evil?
(Yehovah saved more animals than people on the ark...www.siameserescue.com)
To: E. Pluribus Unum
Outlaw Student Loans, problem solved.
To: E. Pluribus Unum
Too dam bad. Stupid is as stupid does.
71 posted on
03/31/2015 1:15:53 PM PDT by
SgtHooper
(Anyone who remembers the 60's, wasn't there!)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson