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I am the student loan crisis at its ugliest: I graduated and found out I have $200,000 in debt
Business Insider ^

Posted on 01/30/2016 7:31:23 PM PST by TigerClaws

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To: TigerClaws

This guy is too stupid, weaselly and/or irresponsible to be any kind of ethicist. At least Wesleyan was smart enough to turn him down.

UW-Madison is a better, more highly ranked and regarded school than CT College, too. I take it they turned him down as well?

Yet he and his parents, signing all the loan docs each semester, didn’t know what they were getting him into? And he chose to major in music performance along the way? Then by grad school, coming from a third-tier college, he was taking on that further amount of debt in hopes of a high-paying academic career?


121 posted on 01/31/2016 2:50:56 AM PST by 9YearLurker
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To: USNBandit

Bioethics must not involve ethics either, except the Marxist kind. Ethical people consider their ability to repay a loan before borrowing. They don’t blame lenders for being “predatory”.

The answer to whether this person is a moron, a thief, or a scoundrel, is “Yes”.


122 posted on 01/31/2016 2:54:40 AM PST by Chewbarkah
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To: DuncanWaring

If they’re eligible for bankruptcy relief then the rates ought to be much higher, because they’re already defaulted on at incredible rates.

Really though, all we need to do is to get the feds out of funding college at all. Let low-cost online colleges flourish in the breech and everyone will be much better off.


123 posted on 01/31/2016 2:54:42 AM PST by 9YearLurker
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To: 9YearLurker

*breach*

Time for my morning coffee.


124 posted on 01/31/2016 2:56:02 AM PST by 9YearLurker
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To: Be Careful

No, President Trump should pull the plug on federal funds for college—which is essentially another form of crony capitalism. But he won’t—as won’t any of the other candidates.


125 posted on 01/31/2016 3:00:53 AM PST by 9YearLurker
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To: MamaTexan
A bioethicist assists the health care and research community in examining moral issues involved in our understanding of life and death, and resolving ethical dilemmas in medicine and science.

something like this obamacare navigator

Navigator...."your voting record here ...and here does not conform to current standards."

126 posted on 01/31/2016 3:01:35 AM PST by spokeshave (Happy Christmas and a New Year that Trumps all.)
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To: TigerClaws

lemmee see if I got this straight...

person has a masters degree yet cannot add or subtract..

person has a masters degree yet cannot read what he or she is signing yet signs it anyway....

person has a masters degree in a useless subject that virtually guarantees little to no employment...

conclusion: person with a masters degree is an idiot and should be made to pay back every penny wasted on this endeavor...


127 posted on 01/31/2016 4:00:44 AM PST by joe fonebone (gay people do not bother me.... fags do...)
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To: TigerClaws

So he ran up $200,000 in loans, didn’t pay enough attention to realize it, and now it’s everyone’s fault but his?


128 posted on 01/31/2016 4:07:59 AM PST by DoodleDawg
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To: TigerClaws

Maybe he’s a victim of his credit card debt too.


129 posted on 01/31/2016 4:15:19 AM PST by Vision (Obama is not a well man.)
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To: Pollster1
How many times do we read of a bar being prosecuted for serving drinks to someone clearly drunk? By the same logic, could not a college be held liable for providing loans to students with clearly overextended debt?
130 posted on 01/31/2016 4:35:47 AM PST by rebooted
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To: 9YearLurker

If student loans were eligible for bankruptcy relief, nobody would be able to borrow $200K for a Master’s degree in “Bioethics” (whatever that is).

Get rid of the free-money fire hose and all these goofy “Studies” majors will disappear and tuitions for everyone else will revert to the levels they were a generation ago when a person could pay for the bulk of their college expenses with summer/weekend work.


131 posted on 01/31/2016 5:33:35 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: DuncanWaring

I’d just get the gov out of the SL business completely and of course banks can write private sector SLs with whatever terms they want.

But I am totally against “forgiving” or changing for the worse to taxpayer or private-sector lenders the terms on the government-involved loans that have already been given out.


132 posted on 01/31/2016 6:48:15 AM PST by 9YearLurker
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To: dp0622

It proves my point. Maleducation should not be rewarded. Numbnuts can go dig ditches for which he is qualified and the university can stop offering crap degrees. STOP any government funding to education and the value of a degree will climb.


133 posted on 01/31/2016 8:52:38 AM PST by Steamburg (Other people's money is the only language a politician respects; starve the bastards)
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To: Retain Mike
I would propose the Law of Premeditated Ignorance accounts for this phenomenon

Years ago I worked in the student loan dept. of a regular bank. Clerks spent all their time sending out payment books for loan amounts of $500-$3000. (Beauty schools, air conditioning, like that). However, once the students had to pay, they went back to school! The payment schedule would be suspended and the new loan would be rolled over into the balance of what the student already owed. Payments delayed!

As I recall, $5,000 was the maximum. And those students had to make those payments eventually. The bank charged a government subsidized interest rate, but soon the politicians blamed the banks for gouging the underclass. I think the government took over completely . . . who knows.

Also, each ‘school’ had to be certified by the federal government. You can imagine how effective that was. Those students really got cheated.

The feds decimate every new field of funding that they open.

134 posted on 01/31/2016 10:17:47 AM PST by donna (Radicalized Christians become missionaries; then, they tell everyone that Jesus loves them!)
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To: TigerClaws
but for a bioethicist like me

Well, there's your problem right there.

135 posted on 01/31/2016 10:19:05 AM PST by NorthMountain ("The time has come", the Walrus said, "to talk of many things")
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To: dp0622

It appears that his parents played a role in this C__F___ as well.


136 posted on 01/31/2016 10:23:49 AM PST by Patriotic1 (Dic mihi solum facta, domina - Just the facts, ma'am)
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To: Retain Mike
In preparation for a speech I gave at one of Sen. Elizabeth Warren's student debt press conferences, I learned about "auto-default": Under Sallie Mae loan contracts, your loans are automatically placed into default and sent to collections if a co - signer dies. My grandmother - who is 93 and has Alzheimer's - is a co-signer on some of my private loans.

If this is true, this is a ridiculous policy.

137 posted on 01/31/2016 10:30:42 AM PST by Patriotic1 (Dic mihi solum facta, domina - Just the facts, ma'am)
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To: BenLurkin
The wrestle with matters like this:

Would it be wrong to eradicate mosquitoes?

By Claire Bates

BBC News Magazine

28 January 2016

138 posted on 01/31/2016 10:43:18 AM PST by gg188 (Ted Cruz, R - Goldman Sachs)
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To: RFEngineer

2 thoughts:

1. Financial Peace University would be a class wide requirement during Freshman Fall and “Total Money Makeover” would be the required reading during orientation versus some 3d world crap.

2. GI Bill would be the only form of Federal Financial aid (ok - this is a wish...)


139 posted on 01/31/2016 11:23:47 AM PST by redlegplanner ( No Representation without Taxation)
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To: TigerClaws; All

See, this is why I write off Free Republic on my income taxes as Therapy / Medical Expense.

I read an article like this, and all the replies calm down my blood pressure.


140 posted on 01/31/2016 12:16:55 PM PST by Chad N. Freud (FR is the modern equivalent of the Committees of Correspondence. Let other analogies arise.)
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