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Thread: 400,000 were promised student loan forgiveness. Now they are panicking

  1. #11
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    Abby08's Avatar Senior Member
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    I wonder, is there a government program that forgives mortgages, car loans, maxed out credit cards......other than bankruptcy?

    Yeah, rack up that student loan debt, persueing a career, can't or, don't want to pay it back? No problem! The US government will!

    In true socialistic fashion, rack up that debt, don't worry about it, someone else will pay it!

    Ya know, "free" is only free, to the person on the receiving end, someone else IS paying for it.

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    MisterVeritis (05-18-2017)

  3. #12
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    exotix's Avatar Senior Member
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    Quote Originally Posted by Captain Obvious View Post
    Beat the piss out of them with a nail bat until they pay
    GOP Majority 109th Congress Caused Student Loan Crisis

    http://www.dailykos.com/story/2012/5...from-Some-Dems


    Trump’s silence on student loan crisis is deafening

    http://thehill.com/blogs/pundits-blo...s-is-deafening


    WHO GOT RICH OFF THE STUDENT DEBT CRISIS

    https://www.revealnews.org/article/w...t-debt-crisis/








    Last edited by exotix; 05-18-2017 at 01:40 PM.
    'How and Why ?' ~ Einstein

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    If the banks had to assume the risk for education loans, like other loans, they would be more careful who they loaned money to and that would include a planned course of study. If there isn't a likelihood of a job, it doesn't really matter how smart the prospective student is. Some sort of entrepreneurial business plan could help.
    Quote Originally Posted by FindersKeepers View Post
    People SHOULD think before borrowing money, but, at the same time, if these people have taken jobs in areas they would not normally have taken, just because they were promised debt forgiveness, that, too, is a problem.

    This program has enticed doctors to backwoods hospitals, nurses to reservations, and other professionals to places they would not normally have worked. The benefits have been advertised as part of the job package.

    I think it's going to be tough to pull out of that commitment.
    Alea iacta est

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  5. #14
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    Captain Obvious's Avatar Senior Member
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    Quote Originally Posted by Abby08 View Post
    I wonder, is there a government program that forgives mortgages, car loans, maxed out credit cards......other than bankruptcy?

    Yeah, rack up that student loan debt, persueing a career, can't or, don't want to pay it back? No problem! The US government will!

    In true socialistic fashion, rack up that debt, don't worry about it, someone else will pay it!

    Ya know, "free" is only free, to the person on the receiving end, someone else IS paying for it.
    Medicare is ran the same way, bureaucratic incompetence.

    So why not give single payer the keys.

    Just like the VA

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    Quote Originally Posted by exotix View Post
    They used to be discharged under bankruptcy ... Bush and the GOP outlawed that along with eliminating Pell Grants ... then collapsed the economy.
    Well to start with you are wrong the Pell grants are still around.
    To get a Pell grant, you must complete the...
    Quick information on Pell grants:
    • A Federal Pell Grant, unlike a loan, does not have to be repaid.
    • The maximum Pell grant for the 201516 award year (July 1, 2015, to June 30, 2016) is $5,775.
    • The amount depends on your financial need, costs to attend school, status as a full-time or part-time student, and plans to attend school for a full academic year or less.
    • Learn more about Pell grants.
    • To apply, complete the FAFSA.

    I don't think letting kids run up huge loans and then declare bankruptcy is the answer either. If you borrow the money pay it back, really is that simple. My kids have student loans they are on a 10 year plan to pay them off.
    Or can we start a new program where I get to buy a house pay on the mortgage a few years, then just stop, loan is cancelled all is good........
    "The powers of the federal government are enumerated; it can only operate in certain cases; it has legislative powers on defined and limited objects, beyond which it cannot extend its jurisdiction." James Madison 1788

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    I guess the 100 Democrats that voted for that bill had nothing to do with it??
    "The powers of the federal government are enumerated; it can only operate in certain cases; it has legislative powers on defined and limited objects, beyond which it cannot extend its jurisdiction." James Madison 1788

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    Quote Originally Posted by Bo-4 View Post
    Yes like Obama ...

    Has Trumpf created 11.3 million of them yet?

    http://money.cnn.com/2017/01/06/news...-million-jobs/
    You realize that it takes like 100,000 jobs a month just to break even with the number of new people entering the work force , right? So unless that was factored in to these stats Bushbama presided over one stagnent 16 years!

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    Quote Originally Posted by Cannons Front View Post
    Well to start with you are wrong the Pell grants are still around.
    To get a Pell grant, you must complete the...Quick information on Pell grants:
    • A Federal Pell Grant, unlike a loan, does not have to be repaid.
    • The maximum Pell grant for the 2015–16 award year (July 1, 2015, to June 30, 2016) is $5,775.
    • The amount depends on your financial need, costs to attend school, status as a full-time or part-time student, and plans to attend school for a full academic year or less.
    • Learn more about Pell grants.
    • To apply, complete the FAFSA.
    I don't think letting kids run up huge loans and then declare bankruptcy is the answer either. If you borrow the money pay it back, really is that simple. My kids have student loans they are on a 10 year plan to pay them off.
    Or can we start a new program where I get to buy a house pay on the mortgage a few years, then just stop, loan is cancelled all is good........
    Bankruptcy is a legitimate tool. If it was allowed with student loans there would be less stupid education loans made.

    A moron wants to go to college. No loan.

    An A student wants to major in basket weaving. No loan.

    Allow the banks to assess risk before tossing money at someone.
    Alea iacta est

    Check out the blog.


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    More like 320K. The "news" mentioned that before Obama.
    Quote Originally Posted by donttread View Post
    You realize that it takes like 100,000 jobs a month just to break even with the number of new people entering the work force , right? So unless that was factored in to these stats Bushbama presided over one stagnent 16 years!
    Alea iacta est

    Check out the blog.


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    Quote Originally Posted by Captain Obvious View Post
    Beat the piss out of them with a nail bat until they pay
    My son just got a job with a collection agency. I'll ask him to post this on his desk!

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