re: Spinoff: should school debt be dischargeable through bankruptcy?

This is the problem with the bailouts of the car companies,etc....now everyone thinks they deserve handouts/bailouts. If you really want to get mad do some research we were told that GM paid the money back....think again.

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Hell I don't think student loans should exist much less be written off

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They should only exist for rigorous subjects when there is a critical need for more skills in that area.

If ever there is a national demand for more West African Transgendered Muslim Women's Studies, then by all means dump tens of thousands of dollars on 18 yr old kids to go off and study that shite.

Was anyone here forced to take out a student loan?

I know the couple I had were voluntarily, and I regretted them for the 4 years I had to repay them.

Now I wish I had an opportunity to get cheap money again. I just wouldn't spend it on a degree that doesn't make enough to repay them comfortably.

I think it is silly that they loan you a set amount. I did Stafford loans in college. My last year, I only needed $1,500 per semester. They gave me $5,500/semester anyway.

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Basically, the Feds are way way way more likely to forgive loams than anyone else, because they are already doing it under IBR, PAYE and PSLF

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I completely disagree with this. All these "student loan forgiveness" plans by the Feds are slight of hand tricks designed to make politicians in power look good while simultaneously kicking the can down the road. What Politicians and the media Don't tell you is that at the end of the 25 year period what ever amount has not been paid off is deemed earned income by the IRS and is completely taxable as such.

Most people have not clue about that little quirk in the systems and the politicians that put it there will be long gone when the time comes to pay the piper. It's a false sense of security and relief and the problem is going to be much larger once the tax man is involved.

Note: another issue is that only a certain amount of interest can be written off. Complete bullshite. All inter st should be tax deductible if we have to keep this tax code in place.

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This is the problem with the bailouts of the car companies,etc....now everyone thinks they deserve handouts/bailouts. If you really want to get mad do some research we were told that GM paid the money back....think again.

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Dude, America has been bailing everyone one else out. Why not bail out a few or your own citizens? They bailed out corporations, they give aid to foreign countries, give money to our enemies, give money to the lazy here. So why not reinvest in the hard working, backbone of the society?