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Old 10-18-2011, 10:45 AM
 
1,150 posts, read 1,423,155 times
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Quote:
Originally Posted by AeroGuyDC View Post
Personally, I think the ongoing uproar over student loans is wildly misplaced. People aren't able to pay student loans because of the economy and lack of jobs, not because an evil student loan company happened to engage in irresponsible lending. What we're witnessing right now is a population of former students who are having a rough time paying their loans, and the resulting cries are that they should be relieved of the repayment obligation. I believe this to be a fundamentally flawed approach to personal responsibility. You read the Promissory Note. You signed on the dotted line. You took on the risk and hoped for a reward. That's why it's called "risk." These folks need to accept their fate and work hard to try to reverse it during these trying times.

Life, liberty, and the pursuit of happiness is all that you are gauranteed. You are NOT guaranteed success. Those who are calling for the ability to discharge student loans are merely seeking to circumvent their responsibilities. I believe this to be a terrbily wrong attitude, and unfortunately American's seem to have embraced it.

"Bailouts" were a horrible precedent. Now our nation "expects" it. Nauseating.
True, there is a lack of jobs, but I haven't seen the OWS people talking about that. They just want their loans repaid.
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Old 10-18-2011, 10:46 AM
 
Location: Springfield, Ohio
12,190 posts, read 10,333,048 times
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Another problem is the increasing requirements for professions, which seem to be in place only because there are too many qualified candidates. Many veteran social workers only hold an AA degree, now the profession requires a Masters' for any consideration. School teachers will soon be required to hold a Masters Degree. Both professions barely pay enough for cost-of-living, let alone factoring in $100,000+interest in loan paybacks.
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Old 10-18-2011, 11:36 AM
 
10,543 posts, read 11,966,816 times
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Quote:
Originally Posted by Skydive Outlaw View Post
Yeah, you tell 'em tough guy. They need to go out and work at McDonalds for the next two decades just to approach even being able to pay off the interest on those loans. . . .those wussys!! They are just not working "hard enough" and want other people to pay for the things they have. Losers. Since they can't find jobs that would realistically enable them to pay off those loans, and interest, we should just round them all up and send them to work camps so they start working hard enough and garnish the money they make to pay off their loans, and while we are at it - send a bill to every single person that ever attended a public elementary or high school since they didn't have to pay for their K-12 education either and they got it for free, because they are wussys, and then after that - and here is where things get really good. . . . . .

Take every single college graduate that did in fact "pay" for their college education (although in some cases mommy and daddy paid for it) and send them a bill for the difference between what they "paid" for their college degree and the percentage of federal and state tax money that went to that college to keep it open. Tuition at most state (and yeah, thats public folks) colleges only covers about 54% of the actual costs of a student attending. So even in a best case scenario where someone "paid" for their entire four years at college - they were actually only covering about half of the cost.

(And in cases where someone got financial aid and/or pell grants which do not have to be paid back. . . . go ahead and send them a bill to. It shouldn't be just the people that took loans out that have to pay back the money for their education.)

So, yeah time to all pay up and get the accounts cleared and make sure everyone is paying for everything.

Lets go. . . .
There are already terms in student loans that allow people not to have to pay while under financial hardship. These people are asking for something on top of that - an escape from the loan they sought.
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Old 10-18-2011, 12:10 PM
 
Location: San Diego
34,787 posts, read 31,843,710 times
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Quote:
Originally Posted by pghquest View Post
At the time they could. I also know someone that had over 100K in loans and "thought" she still could about 10 years ago. When that bill came due she about had a heart attack. Something like another mortgage.
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Old 10-18-2011, 12:16 PM
 
4,433 posts, read 3,907,331 times
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Ya know,

I don't care what these idiots WANT. They all WANT something. I WANT the government to absolve my personal debt. They are all pis*ed at capitalism. Capitalism would have allowed the big banks to fail. It is SOCIALISM that bailed them out. Yet these brainwashed leftists WANT Socialism. The very thing that has them crouched in a corner. Work at Burger King? Yes. Until you find something better. Teach your children to march on Wall Street to protest Obama's sins? Or teach them to work?

Many of these professor influenced people want Communism. Can't wait 'til the molotov cocktails start coming out. Violence is only a hair away with these folks. And college grads had better decide to do the right thing, if they want a future, and a wife and kids, and a normal life. Interest rates are low. Get a job and start living.

If these radicals honestly think that they have a chance at toppling the American military, and putting a Dictator in place, they have another thing coming.
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Old 10-18-2011, 12:39 PM
 
23,851 posts, read 19,759,494 times
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Quote:
Originally Posted by redroses777 View Post
True, there is a lack of jobs, but I haven't seen the OWS people talking about that. They just want their loans repaid.
Quote:
Originally Posted by newonecoming2 View Post
I Demand a job to pay my student loan off with. That is what isn't being said by the occupy wall street crowd. If they had jobs to do then they wouldn't be parked in the park making sound about...
I don't believe this to be accurate. There's a petition online with 10+ pages of people who have spelled out their life stories (like OWS) asking the government to forgive student loans so that they "can contribute to the economy."

This chorus is very loud. They want a bailout. It's no secret.

http://forgivestudentloandebt.com/co...t-loan-stories
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Old 10-18-2011, 12:41 PM
 
33,046 posts, read 21,875,723 times
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Quote:
Originally Posted by Rggr View Post
There are already terms in student loans that allow people not to have to pay while under financial hardship. These people are asking for something on top of that - an escape from the loan they sought.

I'm living on a poverty level income and paying 10 percent of said income on student loans.
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Old 10-18-2011, 12:44 PM
 
33,046 posts, read 21,875,723 times
Reputation: 8958
Quote:
Originally Posted by Yooperkat View Post
Ya know,

I don't care what these idiots WANT. They all WANT something. I WANT the government to absolve my personal debt.

Michigan homeowners WANT others to pay higher property taxes so they can pay lower property taxes.

Oh wait, Republicans gave it to them.
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Old 10-18-2011, 01:00 PM
 
Location: Londonderry, NH
41,505 posts, read 51,130,889 times
Reputation: 24604
I said academic talent was randomly distributed across all of humanity. It is but most kids never have it recognized because they were too dumb to choose smart wealthy parents. Cost should not be a qualifier for academic achievement. That is why I want public funding of ALL education.
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Old 10-18-2011, 02:02 PM
 
2,515 posts, read 1,715,915 times
Reputation: 362
Quote:
Originally Posted by AeroGuyDC View Post
I don't believe this to be accurate. There's a petition online with 10+ pages of people who have spelled out their life stories (like OWS) asking the government to forgive student loans so that they "can contribute to the economy."

This chorus is very loud. They want a bailout. It's no secret.

Share Your Student Loan Stories | Forgive Student Loan Debt to Stimulate the Economy
Quote:
Originally Posted by newonecoming2 View Post
I Demand a job to pay my student loan off with. That is what isn't being said by the occupy wall street crowd. If they had jobs to do then they wouldn't be parked in the park making sound about...
Read what I said. What isnít being said isÖ Iím not talking about what is being said. Iím talking about what isnít being said. They need Jobs; Jobs would shut them up nicely. They got sold a bill of goods. Go into debt and get a collage degree so that you can get a job because the working class jobs are getting outsourced. Now they are coming out of collage having gone into debt like they were told to do and there is no jobs waiting for them and they are mad. What was done was stupid, it wasnít nice and there will be a day of reckoning. But give them work to do and the problem is solved. That isnít what is being said. It needs to be said but it isnít being said.

If they had good paying jobs they would be repaying those loans. If they had good paying jobs they wouldnít be mad that Wall Street got bailed out and they didnít. What is fair for Wall Street should be fair for Main Street. If it isnít then it is a double standard and that isnít fair. What isnít fair makes people mad and what makes people mad that donít have anything to lose is grounds for revolution.
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