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Could/would the Fed Govt forgive student loans?
Posted on 10/6/11 at 9:56 am
Posted on 10/6/11 at 9:56 am
Hell I know I would do my part in stimulating the economy with the 800/month we pay to student loans.
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Posted on 10/6/11 at 10:08 am to mpar98
NO.
This post was edited on 10/6/11 at 10:09 am
Posted on 10/6/11 at 10:12 am to TheHiddenFlask
No. The fact that students have a vested interest in their degree choice and cost of that degree helps effectively fill the demands of the workforce. Having students pay for their philosophy degrees at least puts a price to it. As oppose to engineering where the loans would be easy to pay off.
Plus who wants to pay for others educations. Seems a bit unfair to those that chose an affordable path instead of better schools.
Plus who wants to pay for others educations. Seems a bit unfair to those that chose an affordable path instead of better schools.
This post was edited on 10/6/11 at 10:13 am
Posted on 10/6/11 at 10:13 am to mpar98
You take federal aid for schools, you must pay.
You don't go to school and take federal aid, it's free.
You don't go to school and take federal aid, it's free.
Posted on 10/6/11 at 10:20 am to Chad504boy
No. Just because you're mom tells you that you're a bright sparkling snowflake doesn't mean you should take out $100K to get a fine arts degree. Back in the day if you wanted to go to fancy pants private liberal arts school, your parents paid, you paid or you got a scholly.
Not sure why this is a difficult concept for some.
Not sure why this is a difficult concept for some.
Posted on 10/6/11 at 10:34 am to NukemVol
quote:
Plus who wants to pay for others educations. Seems a bit unfair to those that chose an affordable path instead of better schools
didnt we just bailout the mortgage industry and automakers?
Posted on 10/6/11 at 10:38 am to mpar98
Who's this we?
Posted on 10/6/11 at 10:42 am to GulfCoastPoke
quote:
Who's this we?
you, me, ya know the taxpayers of our fine country...unless you dont pay taxes anymore.
Posted on 10/6/11 at 10:55 am to mpar98
So, because we made a mistake bailing out the auto industry, we are supposed to make another mistake bailing out student loans?
Posted on 10/6/11 at 10:58 am to mpar98
The feds guarantee the loans, the banks that issued the loans still expect to be repaid.
What these protesters don't realize is that for the feds to "forgive" the loans means one of two things: 1) A massive wealth transfer to big, bad Wall St. banks to pay the loans for the students, or 2) The effective destruction of most banks and the complete shutdown of student loans, at which point no student can get an education loan of any sort.
What these protesters don't realize is that for the feds to "forgive" the loans means one of two things: 1) A massive wealth transfer to big, bad Wall St. banks to pay the loans for the students, or 2) The effective destruction of most banks and the complete shutdown of student loans, at which point no student can get an education loan of any sort.
Posted on 10/6/11 at 11:18 am to mpar98
My mom's student loans for grad school were forgiven because she taught in the public school system for 5 years.
Posted on 10/6/11 at 11:23 am to Golfer
Supposedly "staffers" for Congressmen have their loans forgiven.
Posted on 10/6/11 at 12:21 pm to GulfCoastPoke
I hope not, I see all these dumbass students with iphones and decent cars going out to eat all the time then crying about student loans. Stupid asses. Especially the ones that major in bullshite degrees. If you are broke go to the Juco get your AA then work and get your degree.
Posted on 10/6/11 at 12:30 pm to TexasHog22
quote:
The effective destruction of most banks and the complete shutdown of student loans, at which point no student can get an education loan of any sort.
but education is going to be free, thus you will not need loans... duh
Posted on 10/6/11 at 1:38 pm to Golfer
quote:
My mom's student loans for grad school were forgiven because she taught in the public school system for 5 years.
odds are they were paid by the public school system. whoever loaned her that money got their money back; I can promise you that. they weren't just forgiven.
Posted on 10/6/11 at 2:16 pm to Lil Man
i think it's usually a federal program that handles that...there are some for attorneys/doctors going to work in poor areas, too
This post was edited on 10/6/11 at 2:17 pm
Posted on 10/6/11 at 2:44 pm to SlowFlowPro
quote:
i think it's usually a federal program that handles that...
Correct.
Posted on 10/6/11 at 2:56 pm to mpar98
quote:I sure hope not....
Could/would the Fed Govt forgive student loans?
Posted on 10/6/11 at 5:03 pm to foshizzle
quote:
The feds guarantee the loans, the banks that issued the loans still expect to be repaid.
What these protesters don't realize is that for the feds to "forgive" the loans means one of two things: 1) A massive wealth transfer to big, bad Wall St. banks to pay the loans for the students, or 2) The effective destruction of most banks and the complete shutdown of student loans, at which point no student can get an education loan of any sort.
Yes, with some caveats. The banks' gravy train was cut off earlier in the year, as they weren't taking any risk at all.
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Or what about just adding bankruptcy to the mix?
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Posted on 10/7/11 at 1:45 am to mpar98
Hell no. I knew the cost before going to school. I paid mine back in full, with interest.
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