Student loan debt and the older generation

[mRad]

The idea of loan forgiveness doesn’t bother me in the least! Student loans are welfare for college towns.

Few if any grads graduate with much of a bank account. Money is all left behind in the local economy.

There's a LOT wrong with the entire system and to make the student 100% responsible is ridiculous! Hold the universities responsible for job placement to some degree.

If they can't provide internship or interview possibilities during students tenure THEY pay the loan! It's easy stuff! No promises to jobs but will put you face to face with a person who may hire you...at least once!

Why stop at student loans? Why not pay off my truck and house for me, too?

The students knew what they were signing up for. Debt is debt. You take it on, you pay it. You don’t make the rest of the country pay for it, essentially, at the barrel of a gun.


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[NickySantoro]

Naw that’s a socialist move. I don’t feel too bad for unpaid lenders. They know they are conducting usury and should know who can pay back and who can’t.
None of these lenders make money by getting paid back on time and usually profit from people paying for years and years.

I vehemently oppose Inheritance Tax. It exists solely for the state to profit from someone dying and likewise seeks to stop generational prosperity and land ownership.

Bah! More nonsense.

[morbidbattlecry]

Why stop at student loans? Why not pay off my truck and house for me, too?

The students knew what they were signing up for. Debt is debt. You take it on, you pay it. You don’t make the rest of the country pay for it, essentially, at the barrel of a gun.


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Slippery Slope much?

[mRad]

Slippery Slope much?

Thank you for providing interpretation as to what I was highlighting such that even those of us in Rio Linda may understand.

I thought everybody would get the point, but you never know.


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[Caduceus]

I know that lenders can set interest, but do people really need to be paying 4x more than the original loan?

Seems that there needs to be some limit on how long they can milk you for repayments. I'm not a fan of more government meddling, but who or what has the clout to affect that?

From a guy with three degrees and paid off loans.

[Whalstib]

Why stop at student loans? Why not pay off my truck and house for me, too?

The students knew what they were signing up for. Debt is debt. You take it on, you pay it. You don’t make the rest of the country pay for it, essentially, at the barrel of a gun.


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Debt is not debt.....Ever hear of bankruptcy? Can't do that with student loans. Only debt I'm familiar with you can't do so.

In over your head with your truck or house you can sell it or re-fi or trade down. Myriad of options.

You can ring up massive credit card debt on fun times and small items that you'd never have to give back. Unsecured loans work that way....If you squander millions and have nothing you walk away free and clean and in 7 years can pull that stunt again. Trump has done it with his hotels and casinos 6 times so far! You don't think there were a lot of people left high and dry?

Are you just griping about student loans or all forms of debt wiped clean?

So how about doing away with bankruptcy entirely? Wanna give up that option in case something catastrophic happens to you or your family?

[mRad]

Debt is not debt.....Ever hear of bankruptcy? Can't do that with student loans. Only debt I'm familiar with you can't do so.

In over your head with your truck or house you can sell it or re-fi or trade down. Myriad of options.

You can ring up massive credit card debt on fun times and small items that you'd never have to give back. Unsecured loans work that way....If you squander millions and have nothing you walk away free and clean and in 7 years can pull that stunt again. Trump has done it with his hotels and casinos 6 times so far! You don't think there were a lot of people left high and dry?

Are you just griping about student loans or all forms of debt wiped clean?

So how about doing away with bankruptcy entirely? Wanna give up that option in case something catastrophic happens to you or your family?

Every student would qualify for bankruptcy day one. Bankruptcy is bullshit. I’d be in favor of ending it.

Nobody forced students to take stupid loans on stupid degrees. None of them would ever pay it given the option. Sorry, keep that commie crap out of here.


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[Whalstib]

Every student would qualify for bankruptcy day one. Bankruptcy is bullshit. I’d be in favor of ending it.

Nobody forced students to take stupid loans on stupid degrees. None of them would ever pay it given the option. Sorry, keep that commie crap out of here.


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Haha!!

Bankruptcy is commie crap...OK....Bring back debtors prisons!

Nobody forces anyone to take ANY financial risk but things can work out that way.

Chapter 7 hammers ones credit for at least 7 years. Won't get a good job, no financing cars...no home etc.... Consider an average student may graduate with a Master's by say 25-28. Loans deferred, looking for work another 5 years till bottom falls out. Now add 7. Does starting over financially at 42 sound appealing? 42 years old with zero credit and behind the 8 ball... Chicks dig guys that have zip at 42! Where do I sign up! Right!!

You think you have life by the balls tough guy? Just wait! Just you wait.....You have NO CLUE what can happen next! You think your insurance covers everything? Sucker!

How about all the people who earned geoscience degrees now unemployed due to Sleepy Joe? A gov't that actually monkey wrenches an industry....


Good luck pal!

[mRad]

Haha!!

Bankruptcy is commie crap...OK....Bring back debtors prisons!

Nobody forces anyone to take ANY financial risk but things can work out that way.

Chapter 7 hammers ones credit for at least 7 years. Won't get a good job, no financing cars...no home etc.... Consider an average student may graduate with a Master's by say 25-28. Loans deferred, looking for work another 5 years till bottom falls out. Now add 7. Does starting over financially at 42 sound appealing? 42 years old with zero credit and behind the 8 ball... Chicks dig guys that have zip at 42! Where do I sign up! Right!!

You think you have life by the balls tough guy? Just wait! Just you wait.....You have NO CLUE what can happen next! You think your insurance covers everything? Sucker!

How about all the people who earned geoscience degrees now unemployed due to Sleepy Joe? A gov't that actually monkey wrenches an industry....


Good luck pal!

Again, it isn’t society’s responsibility to pay for students’ underwater basket weaving degrees.

There are many, many ways to pay for your degree if you want one. I worked 60 hrs a week and paid out of pocket. I didn’t choose a school I couldn’t afford and got two practical degrees which I researched beforehand to ensure I could gain employment.

It sounds like to me you chose poorly and want me to pay for you.


ETA: I don’t think I need any pity party for students CHOOSING higher education they can’t afford nor a lecture on losing everything. Been there, done that. I lost everything at one point. I spent almost ten months homeless….sometimes sleeping on my office floor, my car, and couch surfing until my welcome was worn out. Six months I spent in a concrete floor at a relative’s. Guess what? I didn’t file bankruptcy, I paid my debts in full and clawed my way back to normalcy.

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[AKDoug]

Haha!!

Bankruptcy is commie crap...OK....Bring back debtors prisons!

Nobody forces anyone to take ANY financial risk but things can work out that way.

Chapter 7 hammers ones credit for at least 7 years. Won't get a good job, no financing cars...no home etc.... Consider an average student may graduate with a Master's by say 25-28. Loans deferred, looking for work another 5 years till bottom falls out. Now add 7. Does starting over financially at 42 sound appealing? 42 years old with zero credit and behind the 8 ball... Chicks dig guys that have zip at 42! Where do I sign up! Right!!

You think you have life by the balls tough guy? Just wait! Just you wait.....You have NO CLUE what can happen next! You think your insurance covers everything? Sucker!

How about all the people who earned geoscience degrees now unemployed due to Sleepy Joe? A gov't that actually monkey wrenches an industry....


Good luck pal!

So, it's o.k. for me to pay for it? Make my kids, who made wise financial decisions, pay for it? I'm already paying for a pile of shit I don't want to through taxes. Don't make me pay for more.