Crnr2Crnr Posted January 25 Share Posted January 25 After payments resumed for the first time in years, many borrowers skipped making them https://www.marketwatch.com/story/this-is-why-im-not-paying-my-student-loans-36759c13 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted January 25 Share Posted January 25 51 minutes ago, Crnr2Crnr said: After payments resumed for the first time in years, many borrowers skipped making them https://www.marketwatch.com/story/this-is-why-im-not-paying-my-student-loans-36759c13 For many it’s about either paying rent, eating, or paying the loans. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted January 25 Author Share Posted January 25 Just now, ActionfigureJoe said: For many it’s about either paying rent, eating, or paying the loans. how many of these 'poor' former students have car, home and credit cards payments? how many work in the public sector and will also get guaranteed pay increases and a taxpayer funded pension? did someone hold a gun to their head when they agreed to the terms of the student loans? fuck... them 1 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted January 25 Share Posted January 25 1 minute ago, Crnr2Crnr said: how many of these 'poor' former students have car, home and credit cards payments? how many work in the public sector and will also get guaranteed pay increases and a taxpayer funded pension? did someone hold a gun to their head when they agreed to the terms of the student loans? fuck... them I say fuck the banks, Wall Street, and businesses that got bailed out. It’s time to share that wealth. Everyone here benefitted from those bailouts one way or another. To do otherwise is hypocritical. 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted January 25 Share Posted January 25 3 minutes ago, ActionfigureJoe said: I say fuck the banks, Wall Street, and businesses that got bailed out. It’s time to share that wealth. Everyone here benefitted from those bailouts one way or another. To do otherwise is hypocritical. I would agree, but doubt it Will ever happen. Those big money types “back east “ buy their protection for as long as they can Quote Link to comment Share on other sites More sharing options...
ZR6000RR Posted January 25 Share Posted January 25 Should have been making some kind of payment every month that you were not required to. You signed the papers, you are not entitled to hand this off to the rest of the taxpayers. 4 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted January 25 Platinum Contributing Member Share Posted January 25 If you get a degree you will most likely make more money then if you did not. There is nothing wrong with using some of that " more money" to pay for the degree that allows you to earn it. That being said , it should be tax deductable. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted January 25 Platinum Contributing Member Share Posted January 25 9 minutes ago, ActionfigureJoe said: I say fuck the banks, Wall Street, and businesses that got bailed out. It’s time to share that wealth. Everyone here benefitted from those bailouts one way or another. To do otherwise is hypocritical. Mr. Obama and others who were involved often say that they were all ultimately paid back by the companies that benefited from the funds. ProPublica, the nonprofit investigative news organization, calculated in 2019 that after repayments the federal government actually made a profit of $109 billion. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted January 25 Share Posted January 25 3 minutes ago, steve from amherst said: If you get a degree you will most likely make more money then if you did not. There is nothing wrong with using some of that " more money" to pay for the degree that allows you to earn it. That being said , it should be tax deductable. it is tax deductible in many cases. it doesn't even require itemization so you don't have to make a choice of whihc way to go as for most standard works better. 1 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted January 25 Share Posted January 25 Student loans can be discharged in a bankruptcy only in extreme cases. I’ve said from the beginning that anyone with a student loan should be able to discharge this through bankruptcy and then suffer the financial consequences that follow. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted January 25 Platinum Contributing Member Share Posted January 25 1 minute ago, ActionfigureJoe said: Student loans can be discharged in a bankruptcy only in extreme cases. I’ve said from the beginning that anyone with a student loan should be able to discharge this through bankruptcy and then suffer the financial consequences that follow. I beleive that has been changed and they can now. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted January 25 Author Share Posted January 25 15 minutes ago, ActionfigureJoe said: I say fuck the banks, Wall Street, and businesses that got bailed out. It’s time to share that wealth. Everyone here benefitted from those bailouts one way or another. To do otherwise is hypocritical. sure, fine... fuck them too. willing to pay for my neighbors home loan too? I'm considering a new sled... willing to pay for that as well? 10 minutes ago, DriftBusta said: I would agree, but doubt it Will ever happen. Those big money types “back east “ buy their protection for as long as they can it's called owning the politicians and having a convenient relationship with the federal reserve 8 minutes ago, ZR6000RR said: Should have been making some kind of payment every month that you were not required to. You signed the papers, you are not entitled to hand this off to the rest of the taxpayers. can't believe I had to 'like' something you posted 7 minutes ago, steve from amherst said: If you get a degree you will most likely make more money then if you did not. There is nothing wrong with using some of that " more money" to pay for the degree that allows you to earn it. That being said , it should be tax deductable. why should some poor sclub who works in the turd mine who didn't go to college have to contribute to pay for the education of his junior executive boss? Hypothetically that's some flawed fuckin logic right? Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted January 25 Share Posted January 25 2 minutes ago, ActionfigureJoe said: Student loans can be discharged in a bankruptcy only in extreme cases. I’ve said from the beginning that anyone with a student loan should be able to discharge this through bankruptcy and then suffer the financial consequences that follow. as long as you are good with credit card rates on student loans that is fine. it would destroy the colleges to lose that moneyt which would be a good thing IMO Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted January 25 Platinum Contributing Member Share Posted January 25 What is behind the perception that student loans cannot be discharged in bankruptcy? It is true that it can be more difficult to discharge many student loans than other types of unsecured debt; the Bankruptcy Code provides a more difficult test for relief (a showing of “undue hardship”) and an extra step in the process (an “adversary proceeding,” essentially a lawsuit within the bankruptcy). However, some borrowers may not realize that discharge is still possible even under that standard and extra step. Importantly, some loans that borrowers may think of as “private student loans” are not subject to that standard and extra step. Instead, some private loans for educational purposes can be discharged in a normal bankruptcy proceeding, just like most other consumer debts. Quote Link to comment Share on other sites More sharing options...
Palu49 Posted January 25 Share Posted January 25 I don’t think student loans should be forgiven but I do think that college and student loans are a government cash grab scam. Look how many government/public services positions require a degree for no reason. 20 years ago the only requirement to be a cop was being picked on in high school, now you have to have been picked on in high school and have a bachelors degree. 3 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted January 25 Author Share Posted January 25 14 minutes ago, Palu49 said: I don’t think student loans should be forgiven but I do think that college and student loans are a government cash grab scam. Look how many government/public services positions require a degree for no reason. 20 years ago the only requirement to be a cop was being picked on in high school, now you have to have been picked on in high school and have a bachelors degree. are you here for a 'free' snowmobile as well? 1 Quote Link to comment Share on other sites More sharing options...
Palu49 Posted January 25 Share Posted January 25 8 minutes ago, Crnr2Crnr said: are you here for a 'free' snowmobile as well? Government subsidized snowmobiles is something I could get behind, fuck college unless you’re gonna be a doctor or a lawyer though. Quote Link to comment Share on other sites More sharing options...
J. Jackson Posted January 25 Share Posted January 25 The first problem is that many high school students have fairy dust sprinkled on them by their guidance counselors. "You have to go college to be successful" they say. My son and us spent $160k on a college education and he earned a masters degree in drinking and chasing women. Another valuable lesson was the lies that the college counselors would tell you about job placement after you get the degree. More bullshit. Too many kids get suckered into the lies that they're told by educational types and suffer for it. Sure, there are success stories but few and far between. He got into a sales job that, with busting his ass and not having anything to do with his degree, paid off his loan of 70k 2 years after he graduated. Didn't come easy but he did it. 2 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted January 25 Share Posted January 25 15 minutes ago, Palu49 said: Government subsidized snowmobiles is something I could get behind, fuck college unless you’re gonna be a doctor or a lawyer though. Fuck ya. I might even get back into riding. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted January 25 Share Posted January 25 3 minutes ago, J. Jackson said: The first problem is that many high school students have fairy dust sprinkled on them by their guidance counselors. "You have to go college to be successful" they say. My son and us spent $160k on a college education and he earned a masters degree in drinking and chasing women. Another valuable lesson was the lies that the college counselors would tell you about job placement after you get the degree. More bullshit. Too many kids get suckered into the lies that they're told by educational types and suffer for it. Sure, there are success stories but few and far between. He got into a sales job that, with busting his ass and not having anything to do with his degree, paid off his loan of 70k 2 years after he graduated. Didn't come easy but he did it. It seems as though the shine is getting knocked off of college education. There’s a nice resurgence of trades. Quote Link to comment Share on other sites More sharing options...
J. Jackson Posted January 25 Share Posted January 25 10 minutes ago, ActionfigureJoe said: It seems as though the shine is getting knocked off of college education. There’s a nice resurgence of trades. For sure, He and I talked about that today. Told me about a friend of his that did his time being the bitch for an electrician, got his journeymans and struck out on his own. Doesn't need to do the big corporate jobs as there's a tremendous need for "little" jobs. Netted almost 250k last year and wasn't fucking his customers. Quote Link to comment Share on other sites More sharing options...
Doug Posted January 25 Share Posted January 25 So for the responsible people that paid off their student loan like myself receive a rebate? They made the choice to take the loan out and knew the condition of the loan. Now be responsible and pay it off. 2 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted January 25 Author Share Posted January 25 46 minutes ago, Palu49 said: Government subsidized snowmobiles is something I could get behind, fuck college unless you’re gonna be a doctor or a lawyer though. would that include Canadian made snowmobiles? buy an Arctic Cat and your clutch might kill you buy a Polaris and it might start on fire Quote Link to comment Share on other sites More sharing options...
Palu49 Posted January 25 Share Posted January 25 15 minutes ago, Crnr2Crnr said: would that include Canadian made snowmobiles? buy an Arctic Cat and your clutch might kill you buy a Polaris and it might start on fire I don’t even know if I’d take a Canadian snowmobile for free. On the topic of snowmobiles, government and money American public entities should not own Canadian snowmobiles and it pisses me off when I see it. Quote Link to comment Share on other sites More sharing options...
racer254 Posted January 26 Share Posted January 26 It's just plain stupid to think that the taxpayer should be on the hook for student loans. Of course, it's just another liberal fantasy that will get pushed through in order to get votes and in the end it teaches zero self-responsibility. And we wonder why this country lives in debt, it is being taught and rewarded constantly by the career politicians in washington. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.