ActionfigureJoe Posted December 18, 2020 Share Posted December 18, 2020 https://www.google.com/amp/s/www.cnbc.com/amp/2020/12/17/house-democrats-propose-forgiving-up-to-50000-in-student-debt.html Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted December 18, 2020 Share Posted December 18, 2020 Do we get a refund for working hard to pay off our student loan debt? Asking for a friend. 3 4 Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted December 18, 2020 Share Posted December 18, 2020 “When you say “cancel student debt” you’re saying a minority of people that had the advantage of obtaining a degree should have their Dept paid by taxpayers , 2/3 of whom don’t have degrees themselves or already paid their student debt. 4 2 Quote Link to comment Share on other sites More sharing options...
F3600 Posted December 18, 2020 Share Posted December 18, 2020 Can you imagine the outrage from underserved minorities who didn't go to higher education because the couldn't afford it, only to have Karrie Whistlepants from Lilly White, Rhode Island have her student debt erased for her English Lit Major with Gender studies minor? Forgiving that debt would be furthering systemic racism. 3 Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted December 18, 2020 Gold Member Share Posted December 18, 2020 Someone needs to slap some sense into these fucking morons coming up with this stupid shit. They made the choice to go to college they can figure out how to pay it off themselves. 1 1 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted December 18, 2020 Gold Member Share Posted December 18, 2020 1 hour ago, ActionfigureJoe said: https://www.google.com/amp/s/www.cnbc.com/amp/2020/12/17/house-democrats-propose-forgiving-up-to-50000-in-student-debt.html Skimmed through... you know or did they say anything about household income limits to take advantage? know a couple that could get a divorce briefly if income limits are a involved. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted December 18, 2020 Author Share Posted December 18, 2020 The simple solution is to allow student loans to be included in a bankruptcy 1 Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted December 18, 2020 Share Posted December 18, 2020 1 minute ago, ActionfigureJoe said: The simple solution is to allow student loans to be included in a bankruptcy I sway back and forth on this, but let the colleges eat it. Many of them have done their customers a great disservice. Start using up those endowments and force them to be more affordable. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted December 18, 2020 Author Share Posted December 18, 2020 1 minute ago, racinfarmer said: I sway back and forth on this, but let the colleges eat it. Many of them have done their customers a great disservice. Start using up those endowments and force them to be more affordable. Interesting. The bankruptcy piece is a good idea because it carries a consequence. 1 Quote Link to comment Share on other sites More sharing options...
Matt Posted December 18, 2020 Share Posted December 18, 2020 Because fuck the working class. Amirite? No reason college should cost what it does. Lenders shouldn't eat the cost. Universities need to get real. 2 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted December 18, 2020 Gold Member Share Posted December 18, 2020 (edited) 47 minutes ago, racinfarmer said: I sway back and forth on this, but let the colleges eat it. Many of them have done their customers a great disservice. Start using up those endowments and force them to be more affordable. I would say require the colleges to pay off the debt or absorb it if a previous student/graduate files for bankruptcy. It would give the colleges incentives to turn people out to the job market that can get gainful employment. You pay your student loan payment to the college... if people can’t pay colleges absorb it or negotiate the the debt down like medical facilities do if patients can’t pay Edited December 18, 2020 by BOHICA 2 Quote Link to comment Share on other sites More sharing options...
racinfarmer Posted December 18, 2020 Share Posted December 18, 2020 4 minutes ago, ActionfigureJoe said: Interesting. The bankruptcy piece is a good idea because it carries a consequence. Should have a minimum time requirement from last class taken, within reason. You shouldn't be allowed to graduate and declare bankruptcy ASAP. 5-10 years, maybe? 1 minute ago, Matt said: Because fuck the working class. Amirite? No reason college should cost what it does. Lenders shouldn't eat the cost. Universities need to get real. Nope. You want a loan for a STEM degree of some sorts? 2% interest. You want a loan for your dual masters in English Lit and Women's Studies? 35% interest. Quote Link to comment Share on other sites More sharing options...
F3600 Posted December 18, 2020 Share Posted December 18, 2020 1 hour ago, racinfarmer said: Should have a minimum time requirement from last class taken, within reason. You shouldn't be allowed to graduate and declare bankruptcy ASAP. 5-10 years, maybe? Nope. You want a loan for a STEM degree of some sorts? 2% interest. You want a loan for your dual masters in English Lit and Women's Studies? 35% interest. Risk based, I like it. Get some actuarial folks on that and watch students (and professors) pursuing those low probability of payment degrees fall. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted December 18, 2020 Platinum Contributing Member Share Posted December 18, 2020 7 hours ago, Matt said: Because fuck the working class. Amirite? No reason college should cost what it does. Lenders shouldn't eat the cost. Universities need to get real. A Fucking Men...My daughter goes to a state university and it’s pretty stunning what they charge...it was bad enough back in my day and they really haven’t made any financial allowances for all the Covid disruption either. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 18, 2020 Share Posted December 18, 2020 8 hours ago, ActionfigureJoe said: The simple solution is to allow student loans to be included in a bankruptcy Yep....along with all civil judgements. Quote Link to comment Share on other sites More sharing options...
Snake Posted December 18, 2020 Share Posted December 18, 2020 It would help the top 80%. Nice plan. Quote Link to comment Share on other sites More sharing options...
awful knawful Posted December 18, 2020 Share Posted December 18, 2020 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted December 18, 2020 Platinum Contributing Member Share Posted December 18, 2020 8 hours ago, BOHICA said: I would say require the colleges to pay off the debt or absorb it if a previous student/graduate files for bankruptcy. It would give the colleges incentives to turn people out to the job market that can get gainful employment. You pay your student loan payment to the college... if people can’t pay colleges absorb it or negotiate the the debt down like medical facilities do if patients can’t pay While I agree, when it comes time to decide a major, it is a parents job to educate junior on the differance between a career and a hobby. Quote Link to comment Share on other sites More sharing options...
SayatodaU.P.eh? Posted December 18, 2020 Share Posted December 18, 2020 9 hours ago, racinfarmer said: I sway back and forth on this, but let the colleges eat it. Many of them have done their customers a great disservice. Start using up those endowments and force them to be more affordable. 9 hours ago, Matt said: Because fuck the working class. Amirite? No reason college should cost what it does. Lenders shouldn't eat the cost. Universities need to get real. These. Not to mention, read the article. Only certain people with certain jobs are going to get the break. Government workers, etc. The amount of fucking quacks these days is just ASTOUNDING. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted December 18, 2020 Share Posted December 18, 2020 10 hours ago, ActionfigureJoe said: The simple solution is to allow student loans to be included in a bankruptcy And medical bills. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted December 18, 2020 Share Posted December 18, 2020 I 100% support this. it's why i had my kids continue taking out loans. Free money FTMFW Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted December 18, 2020 Share Posted December 18, 2020 1 minute ago, Mainecat said: And medical bills. medical bills are included in bankruptcy. Shit your sides been claiming it's the #1 reason for BK pay attention . Taxes, back child support and student loans are typically not able to be discharged. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted December 18, 2020 Share Posted December 18, 2020 1 minute ago, Angry ginger said: medical bills are included in bankruptcy. Shit your sides been claiming it's the #1 reason for BK pay attention . Taxes, back child support and student loans are typically not able to be discharged. I don’t think all types of medical debt are included. I have been wrong at least once before. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted December 18, 2020 Share Posted December 18, 2020 Just now, Mainecat said: I don’t think all types of medical debt are included. I have been wrong at least once before. all med debt can be dischared. its an unsecured non priority debt. Only priority debts can't be discharged 1 Quote Link to comment Share on other sites More sharing options...
racer254 Posted December 18, 2020 Share Posted December 18, 2020 Lets get rid of all financial responsibility. And we wonder why our government continues to raise the debt ceiling. 1 Quote Link to comment Share on other sites More sharing options...
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