I was in a discussion with a lefty Bernie supporter and he said he was in the same hole. The guy graduated high school with me... 43 freakin years ago.
WTF is wrong with these people?
As was said to those complaining that England was expected to pay back WWII debts to the US, “They hired the money, didn’t they?”
If you think state provided education is expensive now, wait until you see the cost when it’s free.
Were these people forced to take loans? Did someone hold a gun to their head and force them?
There’s no delegated power given the federal for either Social Security or Medicare so I don’t mourn anyone not receiving them.
In fact, no one should.
If it’s on Facebook it’s true.
I asked the Facebook “friend” why she hasn’t refinanced this loan to a lower rate.
He said maybe she doesn’t make enough as it’s hard to make do when you get out of college.
I stated that it is 23 years later and she is still saddled with this loan then her college education was wasted.
That’s when the fight started.
The new indentured servants.
I advice any and all of my nieces and nephews who will listen not to get any form of student loans.
I further advice their parents not to become co-signers on such loans.
You are better off WITHOUT a degree, then to be saddles with the debt.
Math is hard.
At 7 percent, $306.00 per month, the loan is paid off in 10 years. She pays $118 per month and the loan will never be paid off.
At 5% she would have to pay $158.71 per month to pay it off in that time. So I’m calling B.S.
No, screw you...The U.S. doesn't loan them any money...They sign a piece of paper...The phoney paper supposedly represents money...When the books don't balance because they haven't received their money back, they print more money...
There should be no interest on school loans...The gov't has no business being in the money making business...
Hmm... I borrowed $6,700 for my undergraduate education, and I paid off $6,700. I owe nothing.
Someone who cannot pay off the loan and whose remaining debt is higher than the original loan—after having already paid a sum that is higher than the original loan—is doing something drastically wrong. Did she finance her loan through payday lenders, or what?
Sounds like another one who majored in “Womens studies” or “Drama”
Does the federal government base the Loan Amortization on the borrower’s income?
They could pay the rest of their lives.
OK, so these college graduates want their irresponsible school loans, that no one forced them to take on, to be paid off by everyone else - 75% of whom do not have college degrees? Um, good luck with that.
I didn’t realize what a COMPLETE FOOL/IDIOT I have been.
In 1976 I had a VA loan to purchase a home.
Granted, the GOVT only guaranteed the loan and the down payment was zero.
Now, if I am ‘understanding’ all the student loan BS, does that mean I am stupid for not allowing the taxpayers to ‘pick up’ the check for my home?
Granted, the home is/was collateral and should I had defaulted, the home would have been seized and sold for whatever but....
Also, these people who have BORROWED money from the Government (ME/YOU etc) get a good voice and ‘help’, while I - and many others PAID INTO the system for years under the guise of ‘you can’t/won’t save it, so WE will save it for you and return it when (and if) you turn 65’.
So the ‘contract’ the borrowers signed is ‘useless’ and now they want the ‘unwritten contract’ that we had to be ignored.
Like ‘they’ say Socialism and Communism really need Capitalism to survive as the only way Socialism & Communism ‘survive’ is by the money from others, yet, the Socialists and Communists do their damnedest to drive Capitalism to their way of thinking.
Just where do they think the money is coming from or going to come from....?
A college loan should be discharged in bankruptcy just like any other debt that cannot be repaid. Maybe the university from which the degree was obtained should be on the hook due to malpractice.
It is only possible if they kept re-financing it and only paying back the minimum rather than paying back as much as they could scrimp and save thus lowering the principle.
Must not have majored or minored in any sort of economics...
someone should show her to Dave Ramsey’s website