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re: What is your best proposal to fix the student debt crisis?
Posted on 8/24/22 at 12:47 pm to Ostrich
Posted on 8/24/22 at 12:47 pm to Ostrich
quote:
Nope. You can't repo a diploma like you can a house/car/etc.
Bankruptcy doesnt require repossession of anything. People bankrupt personal unsecured loans, they bankrupt credit card debt. There's nothing to "Reposess" from that type of debt.
Bankruptcy is not a get of jail for free card. In this case it would be a reduction of the amount owed, put you on a payment plan and your credit is toast for 7-10 years. You wont be able to borrow any money basically during that time.
0
Posted on 8/24/22 at 12:48 pm to CreoleTigerEsq
quote:
You're quite ignorant of how this works. There is no bankruptcy protection from student loans. Student loans haven't been dischargeable in bankruptcy since 2007.
According to studentaid.gov you are wrong.
Im looking this shite up on the fricking government website and you people are coming in here saying… you can’t do that!
Yes you can.
This post was edited on 8/24/22 at 12:49 pm
Posted on 8/24/22 at 12:48 pm to boogiewoogie1978
If the govt is paying your school, the govt picks your major and career.
Posted on 8/24/22 at 12:49 pm to boogiewoogie1978
Universities have to co-sign on student loans. Watch half the degree programs suddenly disappear.
Posted on 8/24/22 at 12:50 pm to boogiewoogie1978
They work and pay it back. Be honest, they partied away half if it
Posted on 8/24/22 at 12:50 pm to boogiewoogie1978
quote:
And "just pay back your loans" is not an option.
It is the only option. The gov't mollycoddling young people is only making them dependent.
Posted on 8/24/22 at 12:51 pm to boogiewoogie1978
ETA: nevermind
This post was edited on 8/24/22 at 12:53 pm
Posted on 8/24/22 at 12:52 pm to CreoleTigerEsq
quote:
There is no bankruptcy protection from student loans other than by proving a substantial hardship. Student loans haven't been dischargeable in bankruptcy since 2007.
quote:
You're quite ignorant of how this works.
Posted on 8/24/22 at 12:52 pm to dgnx6
quote:
Student loans can be discharged through bankruptcy.
Federal Student loans are not bankruptable currently. It sticks around for at least 20 years and after 20 years of payments the govt just forgives it anyways if there's any balance left.
There's ways around that, like going private potentially getting a loan (or consolidate the debt) and paying off the federal debt that way, then that NEW loan could be bankruptable. But the govt put in very strict conditions over the years about making federal student loans almost impossible to bankrupt.
Posted on 8/24/22 at 12:52 pm to CreoleTigerEsq
quote:
Student loans haven't been dischargeable in bankruptcy since 2007.
Poor wording on my part. I was trying to say they should be able to discharge it in bankruptcy. Also, no interest should accrue while student is in school on any student loan.
Posted on 8/24/22 at 12:52 pm to boogiewoogie1978
quote:
And "just pay back your loans" is not an option.
Of course it is. Don't be a fool.
Posted on 8/24/22 at 12:53 pm to self_service
Colleges will return to traditional STEM teaching and weed out the woke nonsense.
Posted on 8/24/22 at 12:53 pm to boogiewoogie1978
quote:
What is your best proposal to fix the student debt crisis?
Stop calling it a crisis.
Posted on 8/24/22 at 12:54 pm to boogiewoogie1978
Students should be permitted to borrow only the amount of tuition/fees, residence hall costs, basic meal plan in campus dining, and books. These students borrow WAY more than they need to fund the lush off campus apartments with all the amenities, buy cars, get the latest phones and equipment, travel extensively during spring break. I work on a college campus. Students complain all the time of how broke they are and they have to work so many hours that they don't have time to study/come to class, etc. Meanwhile, they have the latest phone, sneakers, sun shades, watches, and tell me about their trip to Europe during semester break. They aren't buying that with the money they make at a student job in the library.
This post was edited on 8/24/22 at 1:08 pm
Posted on 8/24/22 at 12:54 pm to GalvoAg
quote:
Stop the lie that you need to go to college to be anything
Someone choosing gender studies isn't able to understand the difference between a lie and the truth. However, they do understand the difference between a venti and a trenta
Posted on 8/24/22 at 12:57 pm to boogiewoogie1978
quote:
And "just pay back your loans" is not an option.
why??? and where the frick does it stop? already got an electrical bill crisis brewing, next is morgtage.....why cant people pay back what they took or face the consequences?
and how the frick is it a crisis? what happens if they dont pay back? same as if they are bailed out. so frick em, they get to take the hit on the credit and surrender any future tax returns until its paid back.
i paid mine, frick them.
Posted on 8/24/22 at 12:58 pm to boogiewoogie1978
"Work" camps.
Posted on 8/24/22 at 12:58 pm to boogiewoogie1978
Just tell whichever millennial that does not want to pay it back to drink a gallon of battery acid.
Posted on 8/24/22 at 12:59 pm to boogiewoogie1978
Stop offering loans for worthless liberal arts degrees.
Posted on 8/24/22 at 12:59 pm to AUTiger1978
quote:
• students: Stop getting loans for bullshite degrees.
• Universities: Stop the pissing contest to see who can offer the most amenities and go back to education being the #1 priority.
Stop encouraging everyone to go to college...
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