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You people don't have the votes to stop what's coming. Republicans have lost the popular election in 6 of the last 7 presidential elections. Trump may win the popular vote for his reelection, but it is not getting any better after him.
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Why not forgive all debts? https://media.breitbart.com/media/2019/01/Alexandria-Ocasio-Cortez-laughing-Associated-Press.jpg View Quote |
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They act like they didn't have 4+ years (less for some) to plan for the $600 monthly payment. Plenty of money for spring break vacations every year, though. View Quote Then again I laugh because I don't have a college degree and retired at 46. |
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Its not their fault the evil boomers tricked them into signing for that $100k loan. They could have joined the military, but the military is full of Trump Nazis that will steal your soul for the GI bill. Then again I laugh because I don't have a college degree and retired at 46. View Quote |
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The schools shouldn't be selling a broken product, regardless of who will pay for it. Could a vehicle maker get away with selling something without the seats bolted down? Would the lender be on the hook for that? View Quote |
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We have so many entitled people today in America that take no responsibility for their bad decisions. Please get your lazy money grubbing hands out of my pockets. There are people in my family that worked three jobs to put themselves through college to earn a real degree. Today they are debt free with very good jobs and bright futures. My own daughter drove a huge garbage truck to help put herself through college. But myself, I had little money. I went to Vietnam instead of college and afterwards took a job where I could get an apprenticeship to get a trade and never looked back. There are many directions to go out there for young people who don't want to lay on their butts for four or five years running up debt for degrees with little value and expect someone else to pay for it. It’s a cruel world and I am not your sugar daddy.
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Its not their fault the evil boomers tricked them into signing for that $100k loan. They could have joined the military, but the military is full of Trump Nazis that will steal your soul for the GI bill. Then again I laugh because I don't have a college degree and retired at 46. View Quote |
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Quoted: just curious.. when was the last time you made $45-55K from a starter job with a BS degree and had to pony up $600 a month for a loan? I think $40-50K is the avg starting job after college in Oklahoma View Quote Pay your debt kiddies. Life isn't perfect right out of school. No school doesn't lead to a sweet new car and a mansion on a hill right after you graduate. You have to continue to work your way up. |
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Quoted: The thought of forgiving college debt is insane. The left just needs to go seek life elsewhere. Now this guys examples are stupid. He says a $600 a month student loan payment could be going toward a wedding or a down payment of a home etc. Yeah, pissing money away on a wedding versus making the investment in a solid education should not even be thought. Investing in your future with a worth while degree that can carry you through life or deferring the gratification of a home purchase. Seems like it would be an easy answer. Get gov't out of lending. View Quote We paid off all if our college loans. So can everyone else. Never buy new cars or new house or the latest cell phone while paying off loans. Alot of people confuse need ans want. |
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You people don't have the votes to stop what's coming. Republicans have lost the popular election in 6 of the last 7 presidential elections. Trump may win the popular vote for his reelection, but it is not getting any better after him. View Quote |
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Give them a choice. Pay back the full amount, or volunteer for the military and have part of your salary go towards paying your debt while you do wild and crazy things for the nation in some foreign land.
With the understanding up front that if you wimp out/don't make the grade your full debt is still there and in need of being paid off. |
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The simple solution is to make student loans dischargeable in bankruptcy, and get the government out of lending. Put the lenders on the hook, and watch the tuition inflation problem fix itself. View Quote Story problem: If 30% of college students BK and erase debts upon graduation what does the interest rate have to be for the bank to realize a minimal 5% ROR? |
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Bankruptcy is not always automatically granted. A court gets involved, makes determinations of whether you qualify, of how much debt is released, etc. It isn’t like you just drop a form off at the courthouse with a $50 filing fee then call Dave Ramsay’s show to scream “WOO-HOO, I’M DEBT FREE!”
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$600 a month should not be crippling for a young person with a useful degree who lives within their means. View Quote |
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No, it isn’t. Also, the colleges/universities need to be reeled in with their spending. You go for a education, not pools, climbing walls, and coffee bars.
Student loans should be treated like a home loan... Don’t give some motherfucker $200k for art history degree. |
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You “pay your debts” guys do not understand that bankruptcy exists to make lenders more careful about who they lend to, and for what. Maybe your attitude is why we have grads with $120k in debt for a Womyns Studies degree wanting Bernie Sanders to rescue them.
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He does present a compelling argument. My biggest concern however is the old "if you give a mouse a cookie" routine. What is next if this comes to fruition? How much more free shit will we pay for when people get a taste of it.
I would be more interested in a system that has a forgiveness match dollar for dollar of student loan debt that is paid by the individual. Or, forgiveness only when an IRA contribution is made for the individual. That way there is still some personal responsibility and creation of healthy financial behaviors. Student loan debt is a soup sandwich no matter what. You have parents and teachers encouraging students who shouldn't go to college to go, then give them easy access to debt and degrees that are worthless. Few 18 year olds have the wherewithal to go against that set up. However, it is their responsibility to make wise decisions and pay their debts. |
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i should quit my job and just be a full time student again until i'm in my 50s then retire..
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Another gramps here. Pay your own fuckin' debt. Just like I had to. Here kid, try this on for size. The PERCEIVED "student loan debt crisis" got worse when Obama & the democrats had the government take over the program. Once again, pay your own fuckin' debts. View Quote PS "Debt Forgiveness" is a Latin term meainng "making other people pay your way." Nothing is "forgiven", WE pay for it one way or another. |
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Yeah, I am not a fan of forgiveness, but I could support revamping the bankruptcy laws to allow discharge of some or all of the debt under certain conditions, for both past and future loans.
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It especially makes sense if you step back and look at the current scenario as a case study in how distorted a market gets when bankruptcy does not exist as a brake on reckless lending to 17-20yos with no life experience. That’s damn close to predatory lending right there.
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There's no way this plays out without student loans getting about 1000x harder to get.
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Bankruptcy is not always automatically granted. A court gets involved, makes determinations of whether you qualify, of how much debt is released, etc. It isn’t like you just drop a form off at the courthouse with a $50 filing fee then call Dave Ramsay’s show to scream “WOO-HOO, I’M DEBT FREE!” View Quote |
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There's no way this plays out without student loans getting about 1000x harder to get. View Quote No more $120,000 undergrad debt. No more Social Justice Studies degrees. No more $12/hour receptionist jobs demanding a Bachelors degree. |
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Good. They should be hard to get. Imagine the consequences: No more $120,000 undergrad debt. No more Social Justice Studies degrees. No more $12/hour receptionist jobs demanding a Bachelors degree. View Quote View All Quotes View All Quotes Quoted:
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There's no way this plays out without student loans getting about 1000x harder to get. No more $120,000 undergrad debt. No more Social Justice Studies degrees. No more $12/hour receptionist jobs demanding a Bachelors degree. |
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$600 a month should not be crippling for a young person with a useful degree who lives within their means. View Quote |
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I’d prefer to put my SS payments into my student loans and not get SS instead.
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Its not their fault the evil boomers tricked them into signing for that $100k loan. They could have joined the military, but the military is full of Trump Nazis that will steal your soul for the GI bill. Then again I laugh because I don't have a college degree and retired at 46. View Quote |
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So you got a worthless degree and can't find a job?
FUCK YOU PAY ME So you were stupid enough to listen to your high school counselor who told you to "follow your dreams"? FUCK YOU PAY ME Your degree in Women's Studies turned into a part time job at Starbucks? FUCK YOU PAY ME |
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I don't care if the whole system tanks, pay your debt or don't take the loan.
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Why not forgive all debts? https://media.breitbart.com/media/2019/01/Alexandria-Ocasio-Cortez-laughing-Associated-Press.jpg View Quote |
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$600 a month should not be crippling for a young person with a useful degree who lives within their means. View Quote "Usefull degrees" do not automatically translate to $100,000+ salary jobs in affordable neighborhoods - at least in most the country that I'm familiar with. The worst thing we ever did was indoctrinate our kids that starting out adulthood with a mountain of debt was "normal." |
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No. Pay your debts. View Quote if these young people knew the truth going in maybe they'd make better choices? STOP lying to them and talking them into these crazy ass loans truth is for every Mark Armstrong story out there, there are thousands or 10's of thousands of people with doctorates that struggle to pay their way through life. |
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You “pay your debts” guys do not understand that bankruptcy exists to make lenders more careful about who they lend to, and for what. Maybe your attitude is why we have grads with $120k in debt for a Womyns Studies degree wanting Bernie Sanders to rescue them. View Quote |
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