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Started By
Message
re: Loan forgiveness in question - loans may have to be paid back, it's like, really scary
Posted on 6/27/17 at 9:18 am to TerryDawg03
Posted on 6/27/17 at 9:18 am to TerryDawg03
quote:
The program was stupid from the start, but if the government offered it at the time and people had applications in process, they should be able to follow through.
This is exactly it
0
Posted on 6/27/17 at 9:20 am to Midget Death Squad
quote:
anyone who is on it must be grandfathered in
If this doesn't happen then there will be lawsuits.
Posted on 6/27/17 at 9:20 am to TrueTiger
quote:
she was promised by the U.S. Education Department under President Barack Obama that her federal loans would be forgiven
Obama promised a lot of shite, Sweetie. You're just going to have to deal with his lies like the rest of us.
Posted on 6/27/17 at 9:22 am to goldennugget
I wouldn't go that far. My problem is the ability to take out huge loans without the intention of paying it back. Didn't they (lenders) learn anything from the housing crisis?
Posted on 6/27/17 at 9:23 am to TrueTiger
i went to film school, but worked through it. couldn't believe there were as many people also in film school taking out student loans for a liberal arts degree they'd never make money with.
Posted on 6/27/17 at 9:24 am to HonoraryCoonass
quote:
Obama promised a lot of shite, Sweetie. You're just going to have to deal with his lies like the rest of us.
stupid count aside, it is law that there is a debt forgiveness program. people have joined it and been on it for years now. changing the law =/= Obama lying. This is an instance in which he didn't lie; he simply enacted a terrible law.
Overturning this law (which must be done) but then not honoring those who have been part of the program would be the same as raising social security age to 75 and telling everyone who is on it between 66-74 that they no longer qualify. You simply can't do that.
Posted on 6/27/17 at 9:27 am to Midget Death Squad
Isn't that exactly what they did in 2012?
Posted on 6/27/17 at 9:32 am to TrueTiger
For clarity, this is Obama's For Profit college forgiveness program, not the Bush "work for the government/non-profit" one.
Posted on 6/27/17 at 9:33 am to TrueTiger
quote:
Danielle Ramos' student-debt nightmare was supposed to be over. Like thousands of others who studied at failed for-profit colleges, she was promised by the U.S. Education Department under President Barack Obama that her federal loans would be forgiven by now. But as the weeks tick by with no reprieve, the 30-year-old college student fears the financial burden will force and her 4-year-old son to move back with her parents. "I'm a single mom, so that's really scary,"
This is what happens when the government distorts the market with easily accessible money. College has become "big business " and the government fed the student loan bubble. When this bubble bursts it ain't gonna be pretty.
Posted on 6/27/17 at 9:47 am to Willie Stroker
quote:
DeVos drew a new round of criticism from borrower advocates when she announced plans to rewrite Obama-era rules that were meant to streamline the complex path toward loan forgiveness.
This woman has no clue how to handle this.
Posted on 6/27/17 at 10:02 am to RollTide1987
That's not accurate. I was born in early 1970s. My parents were part of the Silent Generation(between Greatest and Boomers). Same for my friends.
Maybe half X half millenials from boomers. When was the big spike in births? Early, Mid fifties?
Maybe half X half millenials from boomers. When was the big spike in births? Early, Mid fifties?
This post was edited on 6/27/17 at 10:08 am
Posted on 6/27/17 at 10:04 am to boogiewoogie1978
quote:
This woman has no clue how to han
proof?
Posted on 6/27/17 at 10:05 am to goldennugget
quote:
But thats because i am responsible and take responsibility for my actions, fulfill my commitmnets and don't have children out of wedlock
Haha you couldn't even handle an independent strong single mommy like her, shitlord
Posted on 6/27/17 at 10:07 am to NIH
quote:
Good on you, mate. I'll have about a hundred when I'm all done, but they'll all be federal. I live pretty minimalistic so I'll probably take a similar approach.
Good luck getting a job with that gender studies degree
Posted on 6/27/17 at 10:19 am to boogiewoogie1978
quote:
You're correct. She should just tell them to pay their debts.
quote:
DeVos drew a new round of criticism from borrower advocates when she announced plans to rewrite Obama-era rules that were meant to streamline the complex path toward loan forgiveness.
This woman has no clue how to handle this.
You're correct. She should just tell them to pay their debts.
Posted on 6/27/17 at 10:22 am to PaperTiger
quote:
Didn't they (lenders) learn anything from the housing crisis?
Yep they learned to loan out as much money as possible and when it fails the government will bail them out.
Posted on 6/27/17 at 10:46 am to Midget Death Squad
quote:
would be the same as raising social security age to 75 and telling everyone who is on it between 66-74 that they no longer qualify. You simply can't do that.
Oh but the government can.
Everyone should understand that government guarantees, guarantee nothing.
Any program can be dismantled in a single election. This is why it is silly to count on multi-generational programs that depend on people who don't even exist yet.
We don't have a clue what conditions people 2 generations from now will be dealing with and we certainly don't know if they will share the same values.
They may well look around and say, "we aren't paying for tthe shite you old people voted for yourselves 100 years aago, go frick yourselves."
Posted on 6/27/17 at 10:55 am to TrueTiger
One of our children attended a for profit and if I knew what I have since learned his shadow would have never fallen upon that campus. The irony, the Department of Ed knew how poor this school was but failed to notify folks like me who could have had the opportunity to make an informed decision.
We are not a family of uneducated, slackers. His loans no longer exist as they were paid off. He has served his country in the military and continues to serve as a civilian.
Hold me responsible, fine, but hold predatory for profits for their share of the responsibility. They aren't just cheating me but you likewise as you are also paying the freight!!!
We are not a family of uneducated, slackers. His loans no longer exist as they were paid off. He has served his country in the military and continues to serve as a civilian.
Hold me responsible, fine, but hold predatory for profits for their share of the responsibility. They aren't just cheating me but you likewise as you are also paying the freight!!!
Posted on 6/27/17 at 11:19 am to NIH
quote:
Good on you, mate. I'll have about a hundred when I'm all done, but they'll all be federal. I live pretty minimalistic so I'll probably take a similar approach.
go cut your teeth a bit and in a few years, i'll teach you the SFP method of running a law office, baw
Posted on 6/27/17 at 11:28 am to goldennugget
The day we found out exactly why goldennugget is how he is.
Mixed with a little?
Mixed with a little?
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