[karpov]

Related thread: Student Debt Forgiveness in U.S. to Total $207 Billion in Next Decade, CBO Says. The biggest benefits will go to borrowers who attend graduate or professional school.

[EagleUSA]

*** GIMME FREE STUFF ***

[fireman15]

How is 10% of “discretionary” income cakculated?

[HangnJudge]

Claw back the forgive debt from the schools that took the money in the first place. Go after their endowments.

[jetson]

Why doesn’t Barry and the rest of the libs who passed the stupid student law act pay off the student loans.

[E. Pluribus Unum]

Take it out of the endowments of the universities that gleefully exploited dumb 18-year olds so they could hire affirmative action “perfessers” of imaginary subjects.

[Rashputin]

Repeal the idiotic law that makes it impossible to shed the debt through bankruptcy and the problem will cure itself.

Those owed money will either make an arrangement with the debtor to repay with no interest constantly being added, accept a reduced total amount owed to some level the debtor can handle, or just accept the bankruptcy and move one.

JMHo

[stanne]

Here is the problem:

We somehow had a usurper in the White House for eight years who not only doubled our national debt from the previous 200 years but he was allowed to place student loans- the student loan industry- not just the health care industry- in the hands of the government

We allowed our government to take advantage of our kids

Most kids get out of college wth high tens of thousands
And way into hundreds of thousands for masters and professional degrees

We have a damned hell of a nerve making fun of these kids for wanting a break

Look around. They can’t get married and have families

Why anyone would blame them for this mess and call them freeloaders is
Pure insanity

Stop

[stanne]

Here is the problem:

We somehow had a usurper in the White House for eight years who not only doubled our national debt from the previous 200 years but he was allowed to place student loans- the student loan industry- not just the health care industry- in the hands of the government

We allowed our government to take advantage of our kids

Most kids get out of college wth high tens of thousands
And way into hundreds of thousands for masters and professional degrees

We have a damned hell of a nerve making fun of these kids for wanting a break

Look around. They can’t get married and have families

Why anyone would blame them for this mess and call them freeloaders is
Pure insanity

Stop

[Darteaus94025]

Who got the money from the students? That is who should pay.

Confiscate college endowments to forgive the loans. If more money is needed, go after the pensions/401k funds of the professors and university staff. And if even more is needed, force the universities to trans out a loan for the balance.

[flamberge]

There is a whole generation indentured by student loans, with no possibility of repaying them in their working lives.

These debts must be written off in ordinary bankruptcy proceedings. That is the entire purpose of such provisions and student loans should not be exempt. Moreover, the loan balance write-downs must not be considered "taxable income" to the individuals.

To the greatest extent possible, the losses should be clawed back from University endowment funds. The Universities were the principle beneficiaries of these scams.

And, except for Medical and Engineering degrees, we should not be making student loans any more. The other fields of "education" simply are not worth the investment or risk.

Much of our "higher education" system should be scrapped. Something else needs to replace it.

[Malsua]

So why not hit the endowments of the schools that ran up these bills? After all, if they have massive endowments, it probably means they overcharged their students.

Let’s call it a School Debt Buy Back. The schools can buy back the debt they caused.

[ThePatriotsFlag]

I’m laughing at the kids complaining about paying back their student loans. The money from the loan goes to COLLEGE tuition. The Democrats found a way to move money from the government to the liberal colleges...use the kids and make them pay the debt...and the kids are not bright enough to see what their ”free for all” government is doing to THEM. If the kids won’t pay it back, then buying their vote again by pardoning it. These kids are WILLINGLY caught up in velvet grasp of socialism and liberal political tricks...they will never admit to being duped. By the way, I paid off my student loan in 3 years. Back then, if you were given a loan, it was meant to be paid back. If these kids get a pass, then I demand a reparation for paying mine. :-)

[Kickass Conservative]

The average Student Loan Debt is $28,000, the price of an average Car.

I guess “we” should pay off everyone’s Car Loans too.

[CarmichaelPatriot]

The Feds should sieze every universities and colleges endowment fund and apply them to the debt. The institues of higher learning might rethink their high tuition.

[Desron13]

Here’s a clue for the government retards responsible for this nightmare. Stop making student loans!

[Svartalfiar]

While the best option would be to get FedGov out of student loans in the first place, we should at least take a couple steps to band-aid the issue in the meantime:

- Why are these loans going to PhD programs? They should be limited to associate/bachelors degrees, and that’s it. If you want advanced schooling, pay for it yourself. At the VERY least, NO forgiveness on advanced degrees.

- Colleges should be charged for every student on this program (10%) - they have to make up the difference between the student payment, and what their normal payment would be. At forgiveness time, the college is responsible for half the cost of the forgiveness.

- Since this program has been around a couple years, we should have good data on which degrees use the program the most, and which ones are paying back higher than normal: start limiting those low-return degrees in how much student loan $$ the program puts in to them.