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Let's cancel everyone's credit card debt for the economy's sake. Would that make sense?
Uh, this is done routinely. It’s called bankruptcy. If I could’ve discharged my student loans via bankruptcy, it would’ve been worth the credit hit, and I would be wealthy today.
Cancel student debt? How about just starting with something simple like reducing (or eliminating entirely) the interest rates associated with student debt.
Cancel student debt? How about just starting with something simple like reducing (or eliminating entirely) the interest rates associated with student debt.
Cancel? LOL!
Seriously, the interest rates are ****ing killer. What ever happened to the days when interest rates for student loans were 3-4%. They were up to 6.8-7.9% when I went to law school. Government loans, mind you!!
Cancel student debt? How about just starting with something simple like reducing (or eliminating entirely) the interest rates associated with student debt.
Cancel? LOL!
Quote:
Originally Posted by Valhallian
Seriously, the interest rates are ****ing killer. What ever happened to the days when interest rates for student loans were 3-4%. They were up to 6.8-7.9% when I went to law school. Government loans, mind you!!
Funny that isn't it? We forgive Wall Streets debts, allow them to "borrow" with no cost to them but we demand that students pay well above the going interest rates.
Funny that isn't it? We forgive Wall Streets debts
What Wall Street debts were forgiven?
Meanwhile, Fannie and Freddie still owe $1.8 trillion in unpaid debt. Fannie and Freddie MBS on the Federal Reserve's H.4.1, paid for by creating $1.76 trillion in new money via QE.
Seriously, the interest rates are ****ing killer. What ever happened to the days when interest rates for student loans were 3-4%. They were up to 6.8-7.9% when I went to law school. Government loans, mind you!!
Interest rates are correlated to the risk of the loan. Higher risks are higher rates, letting people with no current employment (or basically minimum wage employment) at this point in their life borrow $10s of 1000s of dollars is a fairly substantial risk.
Interest rates are correlated to the risk of the loan. Higher risks are higher rates, letting people with no current employment (or basically minimum wage employment) at this point in their life borrow $10s of 1000s of dollars is a fairly substantial risk.
Interest rates are correlated to the risk of the loan. Higher risks are higher rates, letting people with no current employment (or basically minimum wage employment) at this point in their life borrow $10s of 1000s of dollars is a fairly substantial risk.
Student loans can't be written off in a bankruptcy so high of a risk is it?
You want to get more millenials working? Then make it easier for boomers to retire. Jack up their social security payments and make Medicare part B free. Will it be expensive, hell yes. But it will open the hiring floodgates for millenials.
Or simply enact universal healthcare. That would probably be the same cost than jacking up social security and making Medicare Part B free...if not cheaper, and then employers could save money by not having to provide health insurance, leading to more jobs.
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