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You’ll Never Guess the Latest Victims of the Student Loan Crisis
Money ^
| June 30,2015
| Michaela Ross
Posted on 06/30/2015 8:40:54 AM PDT by Hojczyk
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1
posted on
06/30/2015 8:40:54 AM PDT
by
Hojczyk
To: Hojczyk
2
posted on
06/30/2015 8:42:48 AM PDT
by
Hojczyk
To: Hojczyk
I’m sorry, but this is a debt they were made aware could not be cleared because of bankruptcy. They should have made better choices.
3
posted on
06/30/2015 8:43:17 AM PDT
by
Gaffer
To: Hojczyk
Total student debt is $1.5 Trillion of the $18 trillion national debt. To give haircuts to seniors on Social Security seems painfully ineffective.
To: Hojczyk
Just before age 50, Minuti had gone back to collegeI figured as much.
Most seniors don't have student loan problems because student loans weren't that big a thing when they were college age.
5
posted on
06/30/2015 8:45:29 AM PDT
by
MUDDOG
To: Hojczyk
Political reality is that some bailout is inevitable. A partial bailout in return for getting the government out of the loan business completely would be a bargain.
Logical Seven Point solution to the student loan crisis:
- Write off 25%. This is a necessary concession to the debtors who, in many cases, were duped into taking out loans they couldn't afford.
- Return 75% to the institutions of origin for collection.
- Institutes get to keep 5% of the 75% for their trouble but must remit the 70% back to the government.
- They are free to hold up transcripts, cancel degrees and employ all the other measures they did to collect against the debtors as when they were students.
- If the institutions still cannot pay back the governement within the normal loan times, the government is free to attach their endowments, real estate and other assets.
- Government gets completely out of the loan business and encourages the institutions to line up their own lenders. If a tiny college like Hillsdale (Michigan) can do it, then there is no reason anyone else can't do the same.
Yes, the taxpayer takes a 30% hit up front to liquidate this crisis, but that is far better than continuing to grow this monster.
6
posted on
06/30/2015 8:45:50 AM PDT
by
Vigilanteman
(Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
To: Hojczyk
The world is cruel to many persons who can’t or won’t do math; or plan for contingency.
Have a backup plan, if your new job doesn’t work out.
7
posted on
06/30/2015 8:46:29 AM PDT
by
cicero2k
To: Hojczyk
Uhhh..penguins,rain forest or women and minorities?
8
posted on
06/30/2015 8:47:04 AM PDT
by
4yearlurker
(So America died not with a bang but a whimper.)
To: Hojczyk
A couple I know who are both around 50 years old are still paying off their student loans for their master's degrees. They have two kids who will soon be entering college. How will they pay? More student loans. At this rate, this hardworking middle class couple can expect to be working and paying off student loans well into their 70’s and maybe 80’s.
9
posted on
06/30/2015 8:48:28 AM PDT
by
Nevadan
To: Hojczyk
He took out a loan to go back to school to get a degree that had no high-paying job prospects?
And like clockwork he is now a “victim”.
To: Hojczyk
Surprised IRS doesn’t go after tax refunds prior to retirement. Assume there would be a better chance of collection. Would also be less burdensome than in retirement years.
Also think that if someone has to go to the extreme of bankruptcy... then let the debt be addressed there like any other unsecured debt.
11
posted on
06/30/2015 8:50:13 AM PDT
by
Made In The USA
(Yes Ma'am, I said I'd like three sides of bacon with my eggs. and bacon.)
To: cicero2k
I have been fortunate and I take credit for some of it due to what you said - PLAN - I was taught very early that with a pencil and paper you can do anything - it is true.
12
posted on
06/30/2015 8:50:43 AM PDT
by
Jolla
To: Vigilanteman
Not bad. I could go for that.
To: Hojczyk
The Democratic Party is pleased with this development, as it gives them more leverage with the growing number of student debtors.
The way it works is that the Democrats will keep promising to make deals and concessions and renegotiate, then they tell the debtors that if the mean, evil conservatives get involved, they will make them actually pay the debt as agreed.
The debtors will keep voting for the Democrats, as they fear the GOP will hold them to their word.
In effect, the Democrats are buying the votes of student debtors with taxpayer money that may never get repaid.
To: VanDeKoik
Yes, very bad decision. This is why many liberals want a nanny state, unfortunately.
15
posted on
06/30/2015 8:52:18 AM PDT
by
expat2
To: VanDeKoik
Colleges love paying Hillary 225,000 a speech
I bet college cost would go down 50% without college loans.
16
posted on
06/30/2015 8:52:47 AM PDT
by
Hojczyk
To: VanDeKoik
He took out a loan to go back to school to get a degree that had no high-paying job prospects? And like clockwork he is now a victim.
that's exactly what I thought - he should have chosen a better field.
17
posted on
06/30/2015 8:53:03 AM PDT
by
Aria
To: Hojczyk
They took the money.
Now i say, ‘let them live on fish heads’!!!
My children paid for theirs with both blood and treasure.
Our son USMC Infantry three tours + in the sand box plus working his student years, the others has paid everything off after two years in the work force.
They declined our assistance
.
18
posted on
06/30/2015 8:53:17 AM PDT
by
DUMBGRUNT
(BINGO!)
To: Hojczyk
My 1st thought after reading the title was ‘illegals’. But I quickly remembered that they don’t have to pay for anything.
19
posted on
06/30/2015 8:53:41 AM PDT
by
joebobsr
To: Zuben Elgenubi
Total student debt is $1.5 Trillion of the $18 trillion national debt. To give haircuts to seniors on Social Security seems painfully ineffective.Then the freaking deadbeats need to pay their debts!
20
posted on
06/30/2015 8:53:43 AM PDT
by
VRWCarea51
(The original 1998 version)
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