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Started By
Message
re: Fed Chair Powell advocates making student loans dischargable in BK
Posted on 3/9/18 at 3:10 pm to Iosh
Posted on 3/9/18 at 3:10 pm to Iosh
It's a great idea that will force lenders to do due diligence on not only the individuals they lend to but the majors the borrowers wish to complete. Less $ for SJW majors.
0
Posted on 3/9/18 at 3:11 pm to Iosh
quote:
He also wondered why student debt can't be discharged in bankruptcy.
"I'd be at a loss to explain why that should be the case," he said, while acknowledging that the issue is one for Congress to tackle.
A Fed chairman doesn’t understand the concept of moral hazard?
Move along.
Posted on 3/9/18 at 3:12 pm to Usafgiles
Lol waiting tables doesn't pay enough to pay your loans?
While you softies were protesting and racking up debt in your safe space I was 19 with a paid off f250 and fifth wheel building the pipeline. Hope that doesn't trigger you
While you softies were protesting and racking up debt in your safe space I was 19 with a paid off f250 and fifth wheel building the pipeline. Hope that doesn't trigger you
Posted on 3/9/18 at 3:14 pm to el Gaucho
haha.
I served in the military, and got my undergrad and MBA paid for. Started my first restaurant at 26, second at 28, third at 30 and paid cash for my model x. so suck a fat one baw, and enjoy your f250. what are you compensating for?
I served in the military, and got my undergrad and MBA paid for. Started my first restaurant at 26, second at 28, third at 30 and paid cash for my model x. so suck a fat one baw, and enjoy your f250. what are you compensating for?
Posted on 3/9/18 at 3:18 pm to Usafgiles
quote:
paid cash for my model x.
I didn't know Richard Simmons owned restaurants. Glad you finally got your Barbie dream car quote:
what are you compensating for?
Some of us baws gotta turn wrenches so you snowflakes can get your food stamps
Posted on 3/9/18 at 3:19 pm to el Gaucho
I'm not sure what the first even means.
Like you said college isn't for everyone.
Like you said college isn't for everyone.
Posted on 3/9/18 at 3:20 pm to el Gaucho
quote:
While you softies were protesting and racking up debt in your safe space I was 19 with a paid off f250 and fifth wheel building the pipeline. Hope that doesn't trigger you
Posted on 3/9/18 at 3:20 pm to Iosh
As long as they are not federally guaranteed, I have no problem.
Posted on 3/9/18 at 3:22 pm to Iosh
I paid back my $43k they should take responsibility and pay their loans back as well...
Posted on 3/9/18 at 3:24 pm to Usafgiles
Or you can work and pay your way through school. Not sure why more people don’t do this.
Posted on 3/9/18 at 3:29 pm to TimeOutdoors
They should and I think they would have if they were better educated on the true cost of the loans. These are children that are signing up for these things. Educate them from a young age about the real cost of going to college and other avenues to make a good living without college, like the hardass with the f250 and the micropenis in here, and we would be much better off.
Posted on 3/9/18 at 3:31 pm to OchoDedos
Sucker
Posted on 3/9/18 at 3:36 pm to Usafgiles
shite I could of went to Harvard after I got a 35 on my act but cash money and all the beer you can drink was a better deal than they got
Posted on 3/9/18 at 3:37 pm to Iosh
The taxpayer should not be held accountable for people getting shite degrees and taking out massive to loans to pay for school. Student loans are the root cause of the increase in tuition and proliferation of worthless degrees. The money is too easy to acquire.
Also I'm not paying for the person that took out 100k in loans and spent the money traveling to europe and hitting spring break in Cancun every year.
Also I'm not paying for the person that took out 100k in loans and spent the money traveling to europe and hitting spring break in Cancun every year.
Posted on 3/9/18 at 3:38 pm to el Gaucho
still don't get the richard simmons and barbie comment. don't hate because my car drives me to work.
Posted on 3/9/18 at 3:40 pm to Usafgiles
quote:
You hear all your lives that you HAVE to go to college to get a good job. (bullshite)
The irony of a LSU message board disparaging a college education. You need to realize that LSU is a university that happens to have a football team. I think some of you think LSU football just happens to have a university attached to it.
This post was edited on 3/9/18 at 3:40 pm
Posted on 3/9/18 at 3:40 pm to Iosh
So what would stop a college student from taking out $200k in loans, declaring bankruptcy and getting rid of the loans, then starting their life?
Bankruptcy isn't the scarlet letter it used to be. You can get a credit card immediately after and a home loan 2 years later.
Bankruptcy isn't the scarlet letter it used to be. You can get a credit card immediately after and a home loan 2 years later.
Posted on 3/9/18 at 3:41 pm to Ralph_Wiggum
Im not disparaging it. I paid my dues. I just don't think it is for everybody and it's not the only way to be successful.
Posted on 3/9/18 at 3:41 pm to Iosh
Pay your debts. Odd concept for lefties to understand.
Posted on 3/9/18 at 3:44 pm to Iosh
quote:
"I'd be at a loss to explain why that should be the case," he said, while acknowledging that the issue is one for Congress to tackle.
Anyone with half a brain knows why that should not be the case. Without that, the risk of the loan goes through the roof given that there is no collateral. That makes the rates go way up.
So, does the government want to artificially give more access to higher education, or not? If not, then you make it dischargeable, allow the rates to reach equilibrium with the actual risk, and live with the results.
If you want broad access, you artificially reduce the risk.
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