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re: Student-Loan Delinquencies Now Surpass Credit Cards

Posted on 11/28/12 at 4:25 pm to
Posted by nikki6
New Orleans
Member since Jul 2011
1967 posts
Posted on 11/28/12 at 4:25 pm to
I believe they've done things to help. As someone on this board pointed out to me before, there is income sensitive repayment options. I also believe you can have the payments put on hold for a time if something catastrophic happens to your finances, ie lose a job etc.
I think there are a lot of people out there who took loans they didn't really need, or took more than they needed b/c they govt was handing them out. I don't think they should be forgiven.

With that being said, however, I'd rather the govt bail out it's citizens with debt forgiveness than have them bail out big business.
Posted by RetiredG8tr
Pensacola Fl 32503
Member since Nov 2012
44 posts
Posted on 11/28/12 at 5:20 pm to
nikki6,

Who do you think is on the hook for those loans? What if Obama pulls another GM? Average, middle-class citizens will lose money. You know, pension plans, 401ks, etc.

Remember, Obama bragged about taking away student loans from big business (bankers) and now we have a student loan bubble. Go figure, a college administering a student loan program? Talk about a self-interest conflict....
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