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Any posters out there that feel their student loan debt is "unjust"?
Posted on 2/1/16 at 6:10 pm
Posted on 2/1/16 at 6:10 pm
Instead of a general thread talking about my feelings on student loans (I'm sure damn near all of your share my opinion), I'd love to engage someone in conversation that's on the opposite side of the coin from me and try to understand why they feel their debt should be written off or modified in some way.
Any takers?
Any takers?
54
Posted on 2/1/16 at 6:11 pm to Schwartz
Mine aren't unjust, I took them out even though I could pay for college just to have some fun. Not in for much, but would gladly accept someone wiping them clean lol.
Posted on 2/1/16 at 6:12 pm to Schwartz
I felt mine was unjust the entire 10 years I was paying it back. Unjustly impacting my damn bank account but I am a productive citizen and I pay my debts.
If the government lets them off, then I want out of my income taxes too. Want to talk about unjust, you should see the rate (basically a penalty) I am paying for owning a company and employing people. fricking payroll tax. What bullshite.
If the government lets them off, then I want out of my income taxes too. Want to talk about unjust, you should see the rate (basically a penalty) I am paying for owning a company and employing people. fricking payroll tax. What bullshite.
Posted on 2/1/16 at 6:12 pm to Schwartz
Isn't student loan debt the only type of debt you can't declare bankruptcy on?
Posted on 2/1/16 at 6:12 pm to Schwartz
No, but tuition rates are OOC.
Posted on 2/1/16 at 6:14 pm to Schwartz
Not at all. They serve their purpose and let me have some extra spending money. I wouldn't be against them being written off though..
Posted on 2/1/16 at 6:14 pm to WalkingTurtles
While I wouldn't say, "No, let me pay for them, I insist" if someone offered to pay for them, they are definitely not unjust. I will happily pay them back, but I'm also not in but for a few K. I can't imagine graduating college owing enough money to purchase a house with.
This post was edited on 2/1/16 at 6:15 pm
Posted on 2/1/16 at 6:15 pm to BayouBengals03
quote:
Isn't student loan debt the only type of debt you can't declare bankruptcy on?
Technically, you can declare bankruptcy on student loans but the threshold is higher than other forms of debt.
Posted on 2/1/16 at 6:16 pm to Schwartz
Mine aren't unjust. You do what you gotta do to get an education and better yourself. If you are gonna get yourself in debt with student loans....maybe use a little foresight and try to choose a education path that will lead to a better choice of decent paying jobs when you graduate.
I'm horrible with money. Still paying on student loans from nursing school 15 years ago cause I made horrible decisions in my 20s(it is surprisingly super easy to defer student loans several times...did yall know that
). Am I upset? Only at myself for being foolish back then.
I'm horrible with money. Still paying on student loans from nursing school 15 years ago cause I made horrible decisions in my 20s(it is surprisingly super easy to defer student loans several times...did yall know that
). Am I upset? Only at myself for being foolish back then. 
Posted on 2/1/16 at 6:17 pm to Schwartz
I didn't go to college (wish I would have). That said, if college debt is forgiven, my income tax should be forgiven for a minimum of 5 years..
Posted on 2/1/16 at 6:18 pm to lsunurse
quote:
maybe use a little foresight and try to choose a education path that will lead to a better choice of decent paying jobs when you graduate.
That's what I'm saying, but it seems like too many people are unwilling to accept that personal responsibility.
Posted on 2/1/16 at 6:19 pm to Schwartz
No but the rate of tuition increases is getting out of hand. In some cases tuition has increased 4x the rate of inflation in the last 20 years.
Posted on 2/1/16 at 6:19 pm to Schwartz
I don't think current debts should be forgiven or written off, but the system needs a MASSIVE overhaul.
We're pretty much at or nearing the point where a full ride and/or rich parents are the only ways a student doesn't go into massive debt.
Supply of money rises (practically infinite loan money) means that the price naturally rises.
Gone are the days of "I worked my way through school". If a state professional degree costs 70K+ in addition to living expenses, fees, and books for 2-3 years, then how is a person supposed to do that without accumulating 6 figures in debt before ever having a "real" job?
We're pretty much at or nearing the point where a full ride and/or rich parents are the only ways a student doesn't go into massive debt.
Supply of money rises (practically infinite loan money) means that the price naturally rises.
Gone are the days of "I worked my way through school". If a state professional degree costs 70K+ in addition to living expenses, fees, and books for 2-3 years, then how is a person supposed to do that without accumulating 6 figures in debt before ever having a "real" job?
This post was edited on 2/1/16 at 6:21 pm
Posted on 2/1/16 at 6:19 pm to tankyank13
I'm probably relatively biased in this whole thing in that I didn't go to college, but make a pretty good salary. It doesn't help my ego.
Posted on 2/1/16 at 6:20 pm to Schwartz
Not unjust. I knew what I was doing when I took them.
But holy shite I wish I didn't have them.
But holy shite I wish I didn't have them.
Posted on 2/1/16 at 6:21 pm to Schwartz
Posted on 2/1/16 at 6:21 pm to Schwartz
I wish I would have created a finance company in the 80s to hand out student loans. What's not to like? Loans are backed by Feds and State, so little to no risk. Where can investor get a deal like that.
On the flip side, it's too easy to get a student loan, and when I see someone owes a 100 thousand, I wonder what the heck they did with that money. Sure, I'd borrow a hundred grand if when I graduated from college I could be a hedge fund manager.
On the flip side, it's too easy to get a student loan, and when I see someone owes a 100 thousand, I wonder what the heck they did with that money. Sure, I'd borrow a hundred grand if when I graduated from college I could be a hedge fund manager.
Posted on 2/1/16 at 6:22 pm to Schwartz
Did you borrow the money?
Posted on 2/1/16 at 6:23 pm to JohnnyKilroy
Agreed that it's pretty fricked as is, but I wish I could understand what's driving it. In my simple mind, it's that demand is way too high, meaning there are way too many people at 4 year universities that have zero business being there. Cutting back on the number of universities, and pushing some people towards vocational/tech schools sounds like a good idea to help with that, but I'm not informed enough to know if it's realistic.
Posted on 2/1/16 at 6:23 pm to Schwartz
What is a student loan ?
This post was edited on 2/1/16 at 6:24 pm
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