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re: Why do people who have student loan debt feel like it should be forgiven?
Posted on 11/12/15 at 7:22 pm to Jcorye1
Posted on 11/12/15 at 7:22 pm to Jcorye1
If you went to school in Germany you wouldn't have to. That's just a scam they run here in the US.
quote:
That's a beef I have too. Why do I need to take two bio/chem classes as an accounting major?
Posted on 11/12/15 at 7:26 pm to bmy
quote:
to get a decent job out of college vs out of highschool
Instead of going to college for four years and going into debt:
Spend four years learning to code and making money on upwork.
Spend four years learning how to sell. Sell cars. Sell ads. Sell anything. Read anything by Ari Galper, Grant Cardone, etc. Read Influence by Robert Cialdini. Use his principles.
Spend four years building a business that cleans local businesses.
Spend four years building a mobile car wash business.
Spend four years creating videos and facebook posts for local businesses and learn how they want to market their business. Build a local marketing business.
Oh...You said job. You're right. You probably do need a four year degree if you want a good "job".
But if you want to make a lot of money, learn to solve problems.
Posted on 11/12/15 at 7:27 pm to SG_Geaux
quote:
Everyone would go to school and then declare bankruptcy
Huh?
No they wouldn't. That's pretty counter productive. What an idiotic line of thinking.
Posted on 11/12/15 at 7:33 pm to tygerfan1
The part that amuses me, is the undergraduate presumption that they are somehow this valuable American resource inevitably destined for some unique greatness that we should all be so happy to have. Yeah great. In 20 years you will be lucky to be driving a minivan and wearing Mom jeans and going to Disney World with little Fidel. Until then, my precious flower,shut the frick up and make me my fricking smoothie.

Posted on 11/12/15 at 7:42 pm to Lsupimp
100K of law school debt.
Work for the government for ten years all gets wiped clean and don't have to pay tax on the forgiveness of debt.
Hope it's still around when my ten years is up.
Work for the government for ten years all gets wiped clean and don't have to pay tax on the forgiveness of debt.
Hope it's still around when my ten years is up.
Posted on 11/12/15 at 7:54 pm to Fat and Happy
quote:
Bottom line is if you borrow money from an institution, you should understand that it comes with consequences
Not that I disagree, but plenty of bottom feeders borrow lots of money, live really nice lives, then file for bankruptcy. Why do we allow this when people attaining an education with borrowed money aren't afforded that option ?
Posted on 11/12/15 at 7:56 pm to macatak911
quote:
don't have to pay tax on the forgiveness of debt.
This isn't true. At all.
Posted on 11/12/15 at 8:10 pm to LucasP
quote:
The simple fact is that America is the only country in the history of Earth to demand payment for education.
You need to go back to college. Take some history classes.
ETA: If you can't afford it you should take out a loan.
This post was edited on 11/12/15 at 8:11 pm
Posted on 11/12/15 at 8:16 pm to tygerfan1
I'm paying mine off and doing very well because of my education and my realization that once you get a job, you'll find your angle to get a better job.
It is horribly frustrating though to see anybody with a brain in LA can go to school for free nowadays. Where's my free education?
The greater question, "Do you consider TOPS Welfare?"
It is horribly frustrating though to see anybody with a brain in LA can go to school for free nowadays. Where's my free education?
The greater question, "Do you consider TOPS Welfare?"
Posted on 11/12/15 at 8:23 pm to logjamming
Because students abused the practice in the past by graduating and declaring bankruptcy. During my days at and after LSU, I knew several of these thieves. Lowest of the low.
Posted on 11/12/15 at 8:43 pm to tygerfan1
quote:
Why do people who have student loan debt feel like it should be forgiven?
So we don't have to deal with the arse hats that took over the loans.
The steps that you have to do so your payment isn't applied as prepayment is comical.
Posted on 11/12/15 at 8:46 pm to logjamming
quote:
This isn't true. At all.
Oh really?
"The 10-year public service loan forgiveness is not taxable under section 108(f) of the Internal Revenue Code because the forgiveness is restricted to borrowers who work in specific occupations. However, the 25-year forgiveness for borrowers who don't work in public service careers will represent taxable income to the borrower under current law. See Taxability of Student Loan Forgiveness for additional details.
Questions about Public Service Loan Forgiveness"
Posted on 11/12/15 at 8:54 pm to tygerfan1
The interest rates should be reduced. They're basically risk less because you can never default so in turn the rate should be lower. Price gouging loan companies should be illegal. I could get a better rate at a pawn shop. Sheisty mother frickers.
Posted on 11/12/15 at 8:57 pm to tygerfan1
Graduated with 100k worth. Not complaining. Just think the interest should tax deductible regardless of income
Posted on 11/12/15 at 8:59 pm to gatorrocks
quote:
Oh...You said job. You're right. You probably do need a four year degree if you want a good "job".
But if you want to make a lot of money, learn to solve problems.
The unfortunate reality is that many fields are simply off-limits if you don't have a degree. Take every single STEM field for example.
I don't think I'd be happy in sales or washing peoples cars. Making a lot of money isn't my priority.. I'd rather enjoy what I do. And I do
This post was edited on 11/12/15 at 9:00 pm
Posted on 11/12/15 at 9:00 pm to cas4t
quote:
No they wouldn't. That's pretty counter productive. What an idiotic line of thinking
This is exactly why you can't discharge student debt via bankruptcy. You used to be able to do so, but you had people going to med or law school racking up huge amounts of debt, and then just filing for bankruptcy once they graduate. Boom, now they are getting big paychecks and are debt free.
Posted on 11/12/15 at 9:02 pm to tygerfan1
My current owed plus am out paid is $108k. (86 left and 22 paid to date). I don't feel it should be forgiven, but I do believe they need to lower the interest rates. (Mine are between 3.8 and 8.5%) They're raping us at the start of our adult lives.
Posted on 11/12/15 at 9:02 pm to tygerfan1
Bc all the other poor people in The country are getting shite for free
Posted on 11/12/15 at 9:04 pm to ISEN_AG
Jesus, what is your degree in and how long did it take you? I can't imagine that type of debt.
Posted on 11/12/15 at 9:05 pm to bmy
quote:
Take every single STEM field for example.
There are tons of IT people with no degree
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