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Old 08-21-2018, 10:18 PM
 
Location: Arizona
6,137 posts, read 3,859,906 times
Reputation: 4899

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Hopefully, Betsy DeVos and President Trump stand tall and stand up to these kings and queens of student loan debt and make sure that every penny of this student debt loan owed is paid.

Many of student loan debt kings and queens were taking out as much debt as possible, emulating celebrity lifestyles with luxury vacations, state of the art lavish dorms with three all you can Las Vegas style buffets daily for years and years counting on waiting it out till a Democratic landslide forgave them of all their debt.

American taxpayers need that student loan debt that these university students owe. Many of them extend out the time they are in university because they can take out loans at 5 to 7% interest rates.

No excuse to ever default on student loans, deferment is fine as the principle increases so more money for the US Treasuary and less debt.

These liberal academic elites want less money for Medicare, Medicaid and Veterans just so they can be forgiven for emulating the Kardashians for a decade.

I go to many college towns and most university drive expensive, late-model cars and live extremely trendy lavish lifestyles compared to generations past.

The government should encourage deferment of debt rather than forgiveness, to ensure we have more for our veterans, military, medicare and medicaid.
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Old 08-21-2018, 10:20 PM
 
1,066 posts, read 629,021 times
Reputation: 1297
I believe in zero forgiveness and zero deferment. You can't pay, you suffer the interest penalties. Don't blow it off, then you end up in prison. That is how it should be.
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Old 08-21-2018, 10:35 PM
 
Location: Arizona
6,137 posts, read 3,859,906 times
Reputation: 4899
Quote:
Originally Posted by FreedomPenguin View Post
I believe in zero forgiveness and zero deferment. You can't pay, you suffer the interest penalties. Don't blow it off, then you end up in prison. That is how it should be.
I agree with a majority, except for the prison part.

Much of this debt was university students taking out university debt for living expenses.

I don't know why they surprised that they have all the debt when these lavish lifestyles go on nearly a decade. They were counting on a Democratic landslide in 2016 taking out as much as debt as they could because they thought the lavish-debt based lifestyles would be forgiven in January 2017.

They don't live in small rooms and take the bus much either.

They mainly drive late-model expensive cars and trucks with all the bells and whistles, many live in on campus that are extremely expensive with three time a day Las Vegas style buffets.

A majority also have several Apple devices that are thousands of dollars.
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Old 08-21-2018, 10:41 PM
 
6,835 posts, read 2,397,655 times
Reputation: 2727
Darned pay-wall or subscriber barriers to the NY Times.
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Old 08-21-2018, 10:43 PM
 
1,066 posts, read 629,021 times
Reputation: 1297
There has to be a serious repercussion for not paying debt though. Clearly the way it is now, people aren't concerned. I say jail at the minimum, they realize its awful after a weekend, and they will work on repayment plans or suffer more jail. If people can go to jail for a little bit of pot, why cant they go to jail for say 10-100k of student debt loans?
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Old 08-21-2018, 10:49 PM
 
34,300 posts, read 15,640,522 times
Reputation: 13053
We don't need to bring back the debtors prison.
Plenty of better ways than putting people in jail and paying for them to be there.
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