Those doggone student loans again...

[Swstock]

Student loan interest is like 6% cry me a river

Wtf do you expect to happen when you defer payments?

[Slater]

Their kids also took out student loans themselves. Lot of debt in that family.

[223to45]

Looks like they took out Parent Plus loans and their daughters took out loans.

Plus deffering payments , it only 5th grade math that will tell what is going to happen.



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[AKDoug]

I cannot fathom why parents take out loans for their children. I also cannot fathom how you can't suck it up and pay down your loans. Don't make babies, buy houses and new cars if your debts aren't under control. While it was not student loans, I have paid off massive amounts of money over the years to get my business going and it takes commitment.

[223to45]

and it takes commitment.

And there is the problem.

Nobody wants to sacrifice.



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[TehLlama]

Force colleges to have some skin in the game (i.e. pay the interest if graduates of their programs are actively collecting unemployment), and you'll see the useless degree programs vanish overnight.

The loan repayment options are actually pretty excellent, and ISA's are already starting to be a much more popular option & should be more common (but aren't because of how much federal subsidy gets dumped on to that)

[ABNAK]

They had a crap ton of debt so they... Borrowed MORE money for their kids 'education'.

Freakin idiots.

One would think they would have learned their lesson about student loans (with their own student loan debt) but these idiots doubled down!

I know I might catch some flak for not "understanding" but my response would have been "Didn't your town have a recruiting station back then?" Yeah I know, the military's not for everyone, I get that.

[ABNAK]

I cannot fathom why parents take out loans for their children. I also cannot fathom how you can't suck it up and pay down your loans. Don't make babies, buy houses and new cars if your debts aren't under control. While it was not student loans, I have paid off massive amounts of money over the years to get my business going and it takes commitment.

From what I've read and heard, coming up short on your student loans is greatly frowned upon. Yeah, you can "extend" it, but the interest still accumulates.

[SteyrAUG]

So as a baseline, if you can't do the math on your proposed student loan, nobody should hire you for anything.

[Dennis]

I agree with everything said here and have no student loans but cannot ignore how and why laws were changed to allow for easier to get and harder to discharge loans for 18yr old children. Many of which literally have no clue in our newly created (since the 50's) naive extended adolescence world. I was the clueless recipient of college aimed credit cards in the late 80's and those caused enough grief for stupid 18yr old me.

I don't think paying them all off is the answer, but looking into all the causes of the actual situation might help. Why did they need a law change in banking practices which supposedly kept both lenders and lendees in balance before this?

Dennis.


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