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Why I Defaulted on My Student Loans (Inside the mindset of the liberal entitlement philosophy)
New York Times ^ | June 6, 2015 | LEE SIEGEL

Posted on 06/08/2015 5:27:26 AM PDT by Sir_Humphrey

Years later, I found myself confronted with a choice that too many people have had to and will have to face. I could give up what had become my vocation (in my case, being a writer) and take a job that I didn’t want in order to repay the huge debt I had accumulated in college and graduate school.

Or I could take what I had been led to believe was both the morally and legally reprehensible step of defaulting on my student loans, which was the only way I could survive without wasting my life in a job that had nothing to do with my particular usefulness to society.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 ...


TOPICS: Culture/Society; Government
KEYWORDS: 3rdthread; costofcolleges; donatetoday; duplicate; liberalentitlement
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More than any politician, more than any foreign threat, this is what going to doom the country. Not student loans, per se. It's the justification of fraud and the sense of entitlement that's going to break the bank and do us in. (If you really want to get depressed, check out the comments as most of those support the student. Then again we're talking NYT readers) The feds should put a levy against his future earnings until the debt is paid. Oh and NO credit (no credit cards, no mortgage) until he is paid up.
1 posted on 06/08/2015 5:27:26 AM PDT by Sir_Humphrey
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To: moder_ator

Please fix the typo in the title. Coffee hasn’t kicked in yet


2 posted on 06/08/2015 5:28:59 AM PDT by Sir_Humphrey (Is it too late to save the country?)
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To: Sir_Humphrey

This loser should never be able to borrow another dime for the rest of their life.


3 posted on 06/08/2015 5:30:42 AM PDT by ealgeone
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To: Sir_Humphrey

For this precise reason....I think all college loans ought to be limited to $30,000.

I worked with some gal who was approaching her 40th birthday, and the topic of finance came up one day. She admitted....she was still three years away from paying off her college debt. It was a massive amount that she borrowed for a private college deal and never equaled a great pay deal over the next twenty years. You can feel sorry for these people and their stupidity....but they owe someone that money and they need to pay-up.


4 posted on 06/08/2015 5:31:35 AM PDT by pepsionice
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To: Sir_Humphrey

http://money.cnn.com/2014/08/24/news/economy/social-security-student-debt/

Owing money to the government is like owing money to the Mafia or Satan, except they won’t follow you unto death to collect and the government will.


5 posted on 06/08/2015 5:32:08 AM PDT by Gen.Blather
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To: Sir_Humphrey

Imagine the reaction if a conservative publication ran an article about a reporter who stopped paying taxes.


6 posted on 06/08/2015 5:32:25 AM PDT by kennedy (No relation to those other Kennedys.)
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To: Sir_Humphrey

Clear example of perpetual adolescence and sloth.

It’s OK though for some poor slob working stiff to subsidize his “feelings” and education while taking it in the shorts.


7 posted on 06/08/2015 5:34:22 AM PDT by headstamp 2
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To: Sir_Humphrey
I chose life. That is to say, I defaulted on my student loans.

What a sick, twisted, demented mind.

8 posted on 06/08/2015 5:34:34 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Sir_Humphrey

It’s no different than outright theft or refusing to file income tax returns.

How come I can’t get away with this?


9 posted on 06/08/2015 5:35:17 AM PDT by SMARTY ("When you blame others, you give up your power to change." Robert Anthony)
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To: Sir_Humphrey

Upon graduating from college in May 2013, after my son and his wife found jobs, my son’s top financial priority was to get his student loans paid off. He told me he’s on schedule to have them paid off by September 2016 and he’s paying off my parent loans right now as his loans are paid off. The kid knows how to manage his money a heckuva lot better than I do!


10 posted on 06/08/2015 5:35:19 AM PDT by rochester_veteran (All that is necessary for the triumph of evil is for good men to do nothing.)
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To: kennedy
Imagine the reaction if a conservative publication ran an article about a reporter who stopped paying taxes.

Or a Harlem Congresshole.

11 posted on 06/08/2015 5:35:39 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: Sir_Humphrey

Despite the illogical gymnastics of the author, someone paid for his education and he benefitted from the theft.


12 posted on 06/08/2015 5:37:18 AM PDT by IncPen (Not one single patriot in Washington, DC.)
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To: Sir_Humphrey

Defaulting the way he did - he basically stole the money.

Now he’s trying to excuse what he did.


13 posted on 06/08/2015 5:40:46 AM PDT by sauropod (I am His and He is mine.)
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To: Sir_Humphrey

This moron will soon realize that they can come after him twenty-plus years down the road to collect that debt, especially if they are federally backed. And federally backed student loans are not dischargeable in bankruptcy.


14 posted on 06/08/2015 5:40:49 AM PDT by IYAS9YAS (Has anyone seen my tagline? It was here yesterday. I seem to have misplaced it.)
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To: IncPen
Despite the illogical gymnastics of the author, someone paid for his education and he benefitted from the theft.

The author acknowledges this but doesn't care because he feels he is entitled to it.

15 posted on 06/08/2015 5:42:15 AM PDT by Sir_Humphrey (Is it too late to save the country?)
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To: IYAS9YAS
This moron will soon realize that they can come after him twenty-plus years down the road to collect that debt, especially if they are federally backed. And federally backed student loans are not dischargeable in bankruptcy.

Thank you...I did not know this. Still it was the entitlement philosophy and the amen chorus from the NYT comments that grated on me.

16 posted on 06/08/2015 5:44:51 AM PDT by Sir_Humphrey (Is it too late to save the country?)
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To: pepsionice
My wife has been working with the same doctors for going on 16 years now. One doctor told her he is still paying his student loan.
17 posted on 06/08/2015 5:45:46 AM PDT by 4yearlurker (No tagline today.)
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To: Sir_Humphrey

I can understand someone who through lack of experience and education, not to say naivete takes on thousands of dollars from a for-profit “university” diploma mill.

Some leeway should be made for them because of the predatory nature of the loans.

This clown understood completely what he was borrowing and now thinks sticking me and other taxpayers with his bill is appropriate.

Pay it, kid. I worked as a janitor for a housing complex to pay for my education. I wasn’t too good for that work.


18 posted on 06/08/2015 5:46:12 AM PDT by OpusatFR
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To: Sir_Humphrey

scumbag libtards can justify anything in their immoral minds


19 posted on 06/08/2015 5:46:53 AM PDT by zzwhale
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To: IYAS9YAS

Someone correct me if I am wrong, is not forgiven debt considered taxable income from the tax code and must be reported on a 1040 and is subject to federal income tax.


20 posted on 06/08/2015 5:48:51 AM PDT by Maine Mariner
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