Posted on 02/12/2020 1:40:04 PM PST by karpov
The average debt is around $30K. That is the price of a modest car. If the student had that as a car loan it would be a non issue. But responsibility for a student loan should fall on someone else.
“It’s a way not to look at ourselves as failures...”
“Because that, um, makes us, like, feel bad. And we’re not supposed to ever, ya know, feel bad about ourselves. Riiiiight? So, yeah, we deserve to never hafta pay it back. That’s only fair!”
Back to that question for Fauxohantas: “I paid for my schooling; what do I get for doing it right?!”
I paid back all my student loans decades ago. Can I get a refund?
NO! Pay your debt.
My daughter has $20,000 in student loans for her grad degree.
It’s not the student loan that is hard to pay down but the interest.
We’ve looked at re-financing “a dozen ways” and, essentially, you are dealing with loan sharks.
This seems to be one of the side “benefits” of Obama taking over the student loan biz.
But be aware that a substantial percentage of these punks get SSDI. You know...anxiety,blah,blah,blah. So the banks might not have to wait 40 years.
They probably did co-sign. But if the parents are just as broke it doesn’t matter.
People taking out these loans aren’t wealthy. The banks give the loan because it’s government insured. The government insures it because they don’t want only the wealthy to go to college.
The money went to G-d hating, America hating professors who make $300,000 a year for 20 hrs a week. Get it from them.
Is it that a lot of folks with below standard abilities thought if I can just graduate with some kind of degree from an Ivy League college, even if I go into debt for hundreds of thousands of dollars, I will graduate and walk into a really high paid job and be set for life? Sorreeeeee!
One of the things driving this, particularly in STEM occupations, is that these kids go $30-100K in the hole getting degrees and end up sitting in some cube next to an H1B holder who got his education for free in his home country. They get angry and then ask “well why can’t the Greatest Country on Earth pay for MY education? After all, we bailed out all the banks in 2008.”
Actually, for fed-backed student loans, The Feds can garnish a deadbeat debtor’s paycheck. In fact, if the deadbeat is an epic thief and has not repaid student loans when they retire, the Social Security Administration can garnish from Social Security benefits.
Within the last two years or so I read a story about how SSA is garnishing SS benefits from retirees who haven’t repaid their federally-based student loans. This means these DEADBEAT THIEVES have gotten away with skipping out on their student loans for DECADES.
Of course the biased Fake News described these deadbeat thieves as being victims. Boohoo, they’re just helpless senior citizens on fixed incomes!
I paid off mine. I don’t see the argument? I say let the IRS settle up with em....Just like they would have with me.
This is how they plan to ignite a recession as they did in 2008.
Instead of the housing debt crisis they will intentionally collapse student debt market.
Schumer will try to ignite banking panic about May. He did this in2008.
The student loan bubble brought to you by pecker puss Pelosi’s via Obamacare. Thanks Obama!
“.Debt Collective.”
Irony.
It’s not like FedGov is going to go out of business...
I received full salary and benefits to attend graduate school for 30 months. Only had to serve on two ships for five years and make three deployments to get there, and do another three years and two deployments once I left.
Parents do not sign for Federal Stafford student loans. Any parent who signed for a parent plus loan is a fool.
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