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re: Elizabeth Warren's Answer For Student Loan Debt - Tax Rich People
Posted on 8/25/14 at 6:46 am to cjared036
Posted on 8/25/14 at 6:46 am to cjared036
quote:Yes it is, and so some government redress could be justified. Not one that discourages repayment, or discounts penalties for nonpayment though.
The economy is partly to blame for student loan default rates.
Schools should also share major blame. If their graduates suffer significant unemployment in a field, they should at the least have to fully disclose the fact to students. Frankly, I'm with the Delaware Senator, schools should bear some portion of the financial burden.
But ultimately, burden of responsibility lies with the individual.
In this case with the student. Correct?
It is a burden which should be shouldered by those who chose to create it, not by those who did not.
2
Posted on 8/25/14 at 6:54 am to NC_Tigah
quote:
NC_Tigah
You're one of the smarter financial guys on this board, I'm interested in what you would do to fix the problem.
Also, off topic, but I wish Benny And the InkJets would visit this board more often.
Posted on 8/25/14 at 7:14 am to NC_Tigah
They are not trying to get forgiveness. They are trying to allow students/individuals be able to refinance the student loans at a lower rate. To allow the private and public loans be refinanced together.
The lower rate, and the interest deduction that I believe should be available, is just a form of relief to improve the situation. To improve the situation for the borrower and for the system that the government has no choice but to prop up.
The lower rate, and the interest deduction that I believe should be available, is just a form of relief to improve the situation. To improve the situation for the borrower and for the system that the government has no choice but to prop up.
This post was edited on 8/25/14 at 7:18 am
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