pipi_k
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Tue Oct-18-11 10:07 AM
Response to Reply #4 |
| 11. What sort of "certain protections"? |
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And would that mean some people with student loans through smaller institutions who might need the debt amnesty more than some people with student debt through larger institutions would end up suffering...or being completely ineligible... because of certain protections?
How fair would that be?
My point here is that in order to be fair, this has to end up hurting one side or another.
Either all students get amnesty, hurting the smaller lending institutions...
Or only some students get debt amnesty, hurting them, but helping the smaller institutions.
|
| -Please sign the forgiveness of student loan debt petition, and pass on this msg. further. Thanks. |
Cal33 |
Oct-18-11 09:48 AM |
#0 |
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recommend |
xchrom |
Oct-18-11 09:50 AM |
#1 |
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Nice idea, but it's not going to happen |
MadHound |
Oct-18-11 09:52 AM |
#2 |
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It depends on how the bill is worded - giving certain protections to smaller lending institutions - |
Cal33 |
Oct-18-11 09:58 AM |
#4 |
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Do you honestly think that our bought and paid for government would pass such a law? |
MadHound |
Oct-18-11 10:01 AM |
#5 |
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The only reasonable thing to do is to try our best, then wait and see. |
Cal33 |
Oct-18-11 10:06 AM |
#10 |
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Horrible idea |
Nuclear Unicorn |
Oct-18-11 01:31 PM |
#73 |
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The lenders don't really lose, since the loans are backed by the federal gov't. In |
Cal33 |
Oct-18-11 03:04 PM |
#78 |
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Yes. And that means we the taxpayers would assume more public debt |
Nuclear Unicorn |
Oct-18-11 03:22 PM |
#79 |
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What sort of "certain protections"? |
pipi_k |
Oct-18-11 10:07 AM |
#11 |
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Let me make a stab in the dark at attempting a solution: How about |
Cal33 |
Oct-18-11 10:23 AM |
#17 |
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But that sounds like |
pipi_k |
Oct-18-11 11:02 AM |
#37 |
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of course |
sweetapogee |
Oct-18-11 12:03 PM |
#48 |
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The guy who ordered a sandwich should be paying the smaller percentage - his percentage. :) |
Cal33 |
Oct-18-11 12:11 PM |
#52 |
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The student who went to a state or community college paid less to begin with., so the |
Cal33 |
Oct-18-11 12:19 PM |
#55 |
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The point would be |
lolly |
Oct-18-11 04:56 PM |
#98 |
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The reply I sent to you was wrongly sent to post #48, right below yours. Sorry. |
Cal33 |
Oct-18-11 12:14 PM |
#53 |
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government doesn't have the power to do it either |
Uben |
Oct-18-11 10:08 AM |
#12 |
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Giving them a longer time and also at a lower interest rate would certainly |
Cal33 |
Oct-18-11 10:27 AM |
#19 |
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By God, let's bring back debtors' prisons while we're at it. And |
coalition_unwilling |
Oct-18-11 10:33 AM |
#23 |
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Corrections Corporation of America would love to lock them up... |
Tippy |
Oct-18-11 10:41 AM |
#27 |
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That's what I was taught..... |
Uben |
Oct-18-11 10:44 AM |
#28 |
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You grant that there is a "need for bankruptcy laws in certain |
coalition_unwilling |
Oct-18-11 11:52 AM |
#45 |
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How can you 'give back' the education if the debt is discharged through BK? |
Lance_Boyle |
Oct-18-11 11:16 AM |
#40 |
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Oh, man, do you need an education in what bankruptcy is for. Hint: |
coalition_unwilling |
Oct-18-11 11:55 AM |
#46 |
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So I can go out today and finance a new Maserati |
Lance_Boyle |
Oct-18-11 01:03 PM |
#65 |
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Generally speaking, car loans are secured by the car itself, so |
coalition_unwilling |
Oct-18-11 01:10 PM |
#68 |
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In bankruptcy the debt is either restructured or the assets are sold off |
Nuclear Unicorn |
Oct-18-11 03:34 PM |
#81 |
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Why do I feel like I'm being tag-teamed here? If you spend $60,000 |
coalition_unwilling |
Oct-18-11 04:03 PM |
#84 |
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You aren't being tag-teamed and sorry if it feels that way. |
Nuclear Unicorn |
Oct-18-11 04:32 PM |
#94 |
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Well said. n/t |
ChazII |
Oct-18-11 05:03 PM |
#99 |
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Instead of an MBA, PhD or BS |
Pigheaded |
Oct-19-11 07:17 PM |
#147 |
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Your final sentence reminds me of some words of wisdom from |
coalition_unwilling |
Oct-18-11 06:12 PM |
#111 |
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Wow! I've been compared to Lincoln! I'm going to quit while I'm ahead |
Nuclear Unicorn |
Oct-18-11 06:27 PM |
#112 |
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A human life in the old days wasn't worth much, was it? But money did. And that's the |
Cal33 |
Oct-18-11 12:22 PM |
#56 |
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Do something, anything, to demand positive change. That is how change occurs. |
Fire Walk With Me |
Oct-18-11 12:06 PM |
#50 |
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It's GOING to happen, whether there's a LAW or not. The loans simply aren't going to be paid. |
saras |
Oct-18-11 01:26 PM |
#71 |
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FRAUD is a centerpiece of the Student Loan scam... |
GReedDiamond |
Oct-18-11 11:25 PM |
#131 |
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k & r |
DoBotherMe |
Oct-18-11 09:54 AM |
#3 |
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DU seems undecided on this topic... |
Scuba |
Oct-18-11 10:02 AM |
#6 |
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Sadly, much of that indecision is embarassingly self-centered. |
Lyric |
Oct-18-11 10:35 AM |
#25 |
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Aren't both sides self centered? Your statement is sure chutzpah. |
county worker |
Oct-18-11 10:56 AM |
#34 |
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There needn't be two polarized sides. |
EFerrari |
Oct-18-11 11:06 AM |
#39 |
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Asking for student loan forgiveness is - |
lynne |
Oct-18-11 12:59 PM |
#61 |
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I think too many of us are asking for a law that is perfectly fair. Humans are |
Cal33 |
Oct-18-11 01:28 PM |
#72 |
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really, just let me know before it happens |
hfojvt |
Oct-18-11 05:04 PM |
#100 |
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Yep, that's exactly what I'm saying. |
a la izquierda |
Oct-18-11 09:56 PM |
#127 |
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How much would that increase the national debt? |
Freddie Stubbs |
Oct-18-11 10:02 AM |
#7 |
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about $1.1 trillion |
IndyPragmatist |
Oct-18-11 10:04 AM |
#9 |
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exactly, and those loans were other peoples money |
Puzzledtraveller |
Oct-18-11 12:08 PM |
#51 |
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Another trillion dollars to the banks! YAY! |
IndyPragmatist |
Oct-18-11 10:04 AM |
#8 |
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The banks will get bailed out either way. |
girl gone mad |
Oct-18-11 12:23 PM |
#57 |
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Well, devil's advocate here |
lolly |
Oct-18-11 10:10 AM |
#13 |
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I said this the other day... |
pipi_k |
Oct-18-11 10:19 AM |
#15 |
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heh - I guess I am one you are talking about |
nadine_mn |
Oct-18-11 10:28 AM |
#21 |
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I still owe about 24,000 out of the 30 some I borrowed and I'd prefer to pay it back. |
phleshdef |
Oct-18-11 10:14 AM |
#14 |
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Student loan forgiveness would give recent grads a 5-10 year head start over earlier grads |
Romulox |
Oct-18-11 10:23 AM |
#16 |
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Kids at expensive private colleges will be the winners |
mainer |
Oct-18-11 10:23 AM |
#18 |
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Human laws are not perfect, nor will they ever be. By the way, what would you think of |
Cal33 |
Oct-18-11 10:53 AM |
#33 |
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I wish education were less expensive for everyone |
mainer |
Oct-18-11 11:22 AM |
#42 |
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At the very LEAST, the law should change so that student loan debt can be discharged via bankruptcy |
Lyric |
Oct-18-11 10:27 AM |
#20 |
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That's true. |
undeterred |
Oct-18-11 11:22 AM |
#41 |
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That would be unfair to those who go through BK and don't get to keep |
Lance_Boyle |
Oct-18-11 11:32 AM |
#44 |
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I don't see that as any less fair than the current situation |
fishwax |
Oct-18-11 12:04 PM |
#49 |
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The guy with the business needs a new loan for new equipment to start over. |
Lance_Boyle |
Oct-18-11 01:05 PM |
#66 |
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He gets to start over without debt -- he may have difficulty starting his own business, but so will |
fishwax |
Oct-18-11 01:12 PM |
#69 |
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The guy with the education debt gets to keep what he couldn't pay for |
Lance_Boyle |
Oct-18-11 01:31 PM |
#74 |
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I understand that. But I don't see it as any less fair than the current system. |
fishwax |
Oct-18-11 03:00 PM |
#77 |
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I see. |
Lance_Boyle |
Oct-18-11 03:25 PM |
#80 |
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He may get to start over debt-free but his credit is shot because he has a recent BK |
Nuclear Unicorn |
Oct-18-11 03:40 PM |
#82 |
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That would also be true of the student if he went through bankruptcy n/t |
fishwax |
Oct-18-11 04:00 PM |
#83 |
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How would a bankruptcy keep an MBA from counting beans? |
Nuclear Unicorn |
Oct-18-11 04:10 PM |
#87 |
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I don't know when the guy became an MBA |
fishwax |
Oct-18-11 04:16 PM |
#90 |
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Well, the point is an education cannot be liquidated. |
Nuclear Unicorn |
Oct-18-11 04:37 PM |
#95 |
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Yes, I understand that an education cannot be liquidated. I don't agree that allowing discharge of |
fishwax |
Oct-18-11 05:06 PM |
#101 |
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Except someone deposited money into the bank that made the loan |
Nuclear Unicorn |
Oct-18-11 05:30 PM |
#104 |
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Way too logical for this post. +1000 |
Logical |
Oct-18-11 06:09 PM |
#109 |
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Yes. |
InvisibleTouch |
Oct-18-11 01:01 PM |
#63 |
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Now that is something that could make sense to me |
LynneSin |
Oct-18-11 04:09 PM |
#86 |
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Well the government could buy the loans. Hell, we spend that much on wars. |
white_wolf |
Oct-18-11 10:28 AM |
#22 |
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Yes, such as the way they do it in Germany and France. Please see my post 33 in this thread. |
Cal33 |
Oct-18-11 11:06 AM |
#38 |
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Signed and reposted to Facebook |
Lyric |
Oct-18-11 10:34 AM |
#24 |
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Many thanks. |
Cal33 |
Oct-18-11 10:36 AM |
#26 |
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Is that fair to people who had loans and paid them off or to future students who will need loans ? |
county worker |
Oct-18-11 10:45 AM |
#29 |
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K&R'd |
ileus |
Oct-18-11 10:45 AM |
#30 |
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The congress has essential "given"trillions to banks, oil&gas, insurance |
Turn CO Blue |
Oct-18-11 10:47 AM |
#31 |
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Right you are. A new law could at least lower the interest rate on loan to students |
Cal33 |
Oct-18-11 11:02 AM |
#35 |
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The old saying is true if it sounds to good to be true it probably is |
Tippy |
Oct-18-11 10:51 AM |
#32 |
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what they really need to do is at least allow you to refinance. |
dionysus |
Oct-18-11 11:02 AM |
#36 |
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Done, K and R. |
geardaddy |
Oct-18-11 11:25 AM |
#43 |
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Many thanks. |
Cal33 |
Oct-18-11 12:01 PM |
#47 |
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Lowering interest rates, |
HappyMe |
Oct-18-11 12:17 PM |
#54 |
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That's another way of looking at it. But, whatever the system, not everyone will be satisfied. |
Cal33 |
Oct-18-11 12:30 PM |
#58 |
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This idea is self-serving and unfair on a number of levels. |
badtoworse |
Oct-18-11 12:37 PM |
#59 |
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Only if you sign one to release me from my mortgage and let me keep my house - |
lynne |
Oct-18-11 12:56 PM |
#60 |
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Much rather see programs started |
Spike89 |
Oct-18-11 01:01 PM |
#62 |
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Unless a debt is from a situation or contract not freely entered into, no. |
TwilightGardener |
Oct-18-11 01:03 PM |
#64 |
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all debt should be wiped out every 50 years |
Bill McBlueState |
Oct-18-11 01:06 PM |
#67 |
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K&R Done! |
Desertrose |
Oct-18-11 01:19 PM |
#70 |
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Why? To give "new workers" more $? Why not just send out checks to EVERYONE? |
Honeycombe8 |
Oct-18-11 01:32 PM |
#75 |
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Yep. Anyone who went to law or med school, or a private school, would certainly love this, LOL. |
TwilightGardener |
Oct-18-11 01:35 PM |
#76 |
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I'm a compassionate person but really? |
LynneSin |
Oct-18-11 04:09 PM |
#85 |
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explain please why these people should get a free |
MISSDem |
Oct-18-11 04:12 PM |
#88 |
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Because a civilized country values education |
Matariki |
Oct-18-11 04:19 PM |
#91 |
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Exactly. |
white_wolf |
Oct-18-11 04:42 PM |
#96 |
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That's a distortion of the argument |
lolly |
Oct-18-11 05:09 PM |
#102 |
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I think that's a really good example of CLASS WARFARE |
Matariki |
Oct-18-11 08:43 PM |
#117 |
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And you want to pay for educating the rich? |
mainer |
Oct-18-11 09:12 PM |
#120 |
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What I want for America is for college to be affordable |
Matariki |
Oct-18-11 09:54 PM |
#125 |
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Why assume "best" = "private?" |
lolly |
Oct-18-11 11:00 PM |
#129 |
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ps - also to answer your question - yes. |
Matariki |
Oct-18-11 09:56 PM |
#126 |
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Because some liberals think all loans are evil and everything should be free! |
Logical |
Oct-18-11 06:10 PM |
#110 |
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Because they're going to change your diapers when you're old, |
wickerwoman |
Oct-19-11 01:31 AM |
#133 |
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Because of the current economic circumstances. Isn't that obvious |
juajen |
Oct-19-11 03:53 AM |
#134 |
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For starters we need to get rid of the bankruptcy and statute of limitations clauses. |
Matariki |
Oct-18-11 04:15 PM |
#89 |
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I will if I can have my mortgage and car |
MISSDem |
Oct-18-11 04:19 PM |
#92 |
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I'm a member of MoveOn but I have a question |
Matariki |
Oct-18-11 04:25 PM |
#93 |
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Not a chance. I've paid back every penny (plus interest) of every loan I've ever taken out. |
Abin Sur |
Oct-18-11 04:49 PM |
#97 |
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+1000...many here are in the mode that all loans are evil. It makes liberals look..... |
Logical |
Oct-18-11 06:04 PM |
#108 |
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I worked my ass off to pay off my student loans |
Generic Brad |
Oct-18-11 10:19 PM |
#128 |
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No. Let them consolidate at a very low rate ... extend the period ... |
JoePhilly |
Oct-18-11 05:25 PM |
#103 |
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Suzie Orman said that it's in the works to allow student debt |
Gin |
Oct-18-11 05:56 PM |
#105 |
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what's a BK? |
Matariki |
Oct-18-11 08:44 PM |
#118 |
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(BK) bankruptcy.....she is a money guru...gives lots of financial advice |
Gin |
Oct-18-11 09:25 PM |
#122 |
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I'm with you! |
minavasht |
Oct-18-11 05:59 PM |
#106 |
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In bankruptcy, there are secured loans and unsecured loans. |
juajen |
Oct-19-11 04:13 AM |
#135 |
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Oh, don't get me wrong, I got my masters |
minavasht |
Oct-19-11 09:04 PM |
#151 |
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No I will not! My brother worked two jobs to pay his off just last year. And.... |
Logical |
Oct-18-11 06:02 PM |
#107 |
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"I got mine..." |
Matariki |
Oct-18-11 06:53 PM |
#113 |
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More like "I paid for mine." |
mainer |
Oct-18-11 06:54 PM |
#114 |
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That's right |
minavasht |
Oct-18-11 07:47 PM |
#116 |
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America would do well to foot that bill |
Matariki |
Oct-18-11 08:48 PM |
#119 |
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Dup - Delete |
Logical |
Oct-18-11 09:16 PM |
#121 |
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Is this a discussion about the war spending? |
minavasht |
Oct-19-11 08:45 PM |
#150 |
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Done - thanks! |
Raksha |
Oct-18-11 07:02 PM |
#115 |
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Done. Hopefully in the future, quality education from K through |
Cleita |
Oct-18-11 09:28 PM |
#123 |
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+1 |
Matariki |
Oct-19-11 12:33 AM |
#132 |
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I signed it |
Worship Money |
Oct-18-11 09:31 PM |
#124 |
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K&R and signed! |
Blasphemer |
Oct-18-11 11:14 PM |
#130 |
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I wouldn't call for forgiveness because what does that say for the |
WCGreen |
Oct-19-11 04:17 AM |
#136 |
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Yep, exactly. |
Lyric |
Oct-19-11 07:03 AM |
#143 |
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This bothers me |
MFrohike |
Oct-19-11 04:28 AM |
#137 |
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another problem is that universities take advantage of grad students |
RainDog |
Oct-19-11 05:54 AM |
#138 |
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If universities paid grad students a living wage, tuition would go up |
mainer |
Oct-19-11 06:42 AM |
#139 |
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what do administrators do to earn their salaries? |
RainDog |
Oct-19-11 06:48 PM |
#146 |
| -
Why not all loans? |
ecstatic |
Oct-19-11 06:45 AM |
#140 |
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Because if everything falls apart, other loans CAN be forgiven. Via bankruptcy. |
Lyric |
Oct-19-11 07:01 AM |
#142 |
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As long as the education loans are forgiven via bankruptcy as well |
ecstatic |
Oct-19-11 08:40 AM |
#145 |
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This affects small numbers. Why not push universal health care instead? |
mainer |
Oct-19-11 06:47 AM |
#141 |
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Ask the corporatists. I'm with you. I'm all for universal health care. |
Cal33 |
Oct-19-11 07:36 AM |
#144 |
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Done! |
trayfoot |
Oct-19-11 07:19 PM |
# |
| -
Done! |
trayfoot |
Oct-19-11 07:19 PM |
#148 |
| -
Done! |
MoonRiver |
Oct-19-11 07:22 PM |
#149 |
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