Desertrose
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Tue Oct-18-11 01:19 PM
Response to Original message |
| -Please sign the forgiveness of student loan debt petition, and pass on this msg. further. Thanks. |
Cal33 |
Oct-18-11 09:48 AM |
#0 |
 -
recommend |
xchrom |
Oct-18-11 09:50 AM |
#1 |
| -
Nice idea, but it's not going to happen |
MadHound |
Oct-18-11 09:52 AM |
#2 |
 -
It depends on how the bill is worded - giving certain protections to smaller lending institutions - |
Cal33 |
Oct-18-11 09:58 AM |
#4 |
| -
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 |
| -
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 |
| -
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 |
| -
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 |
| -
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 |
| -
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 |
| -
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 |
| -
In bankruptcy the debt is either restructured or the assets are sold off |
Nuclear Unicorn |
Oct-18-11 03:34 PM |
#81 |
| -
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 |
| -
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 |
| -
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 |
| -
Suzie Orman said that it's in the works to allow student debt |
Gin |
Oct-18-11 05:56 PM |
#105 |
| -
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 |
| -
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 |
| -
"I got mine..." |
Matariki |
Oct-18-11 06:53 PM |
#113 |
| -
More like "I paid for mine." |
mainer |
Oct-18-11 06:54 PM |
#114 |
| -
That's right |
minavasht |
Oct-18-11 07:47 PM |
#116 |
| -
America would do well to foot that bill |
Matariki |
Oct-18-11 08:48 PM |
#119 |
| -
Dup - Delete |
Logical |
Oct-18-11 09:16 PM |
#121 |
| -
Is this a discussion about the war spending? |
minavasht |
Oct-19-11 08:45 PM |
#150 |
| -
Done - thanks! |
Raksha |
Oct-18-11 07:02 PM |
#115 |
| -
Done. Hopefully in the future, quality education from K through |
Cleita |
Oct-18-11 09:28 PM |
#123 |
| -
+1 |
Matariki |
Oct-19-11 12:33 AM |
#132 |
| -
I signed it |
Worship Money |
Oct-18-11 09:31 PM |
#124 |
| -
K&R and signed! |
Blasphemer |
Oct-18-11 11:14 PM |
#130 |
| -
I wouldn't call for forgiveness because what does that say for the |
WCGreen |
Oct-19-11 04:17 AM |
#136 |
| -
Yep, exactly. |
Lyric |
Oct-19-11 07:03 AM |
#143 |
| -
This bothers me |
MFrohike |
Oct-19-11 04:28 AM |
#137 |
| -
another problem is that universities take advantage of grad students |
RainDog |
Oct-19-11 05:54 AM |
#138 |
| -
If universities paid grad students a living wage, tuition would go up |
mainer |
Oct-19-11 06:42 AM |
#139 |
| -
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 |
| -
Because if everything falls apart, other loans CAN be forgiven. Via bankruptcy. |
Lyric |
Oct-19-11 07:01 AM |
#142 |
| -
As long as the education loans are forgiven via bankruptcy as well |
ecstatic |
Oct-19-11 08:40 AM |
#145 |
| -
This affects small numbers. Why not push universal health care instead? |
mainer |
Oct-19-11 06:47 AM |
#141 |
| -
Ask the corporatists. I'm with you. I'm all for universal health care. |
Cal33 |
Oct-19-11 07:36 AM |
#144 |
| -
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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