Posted on 09/30/2014 1:59:54 PM PDT by SeekAndFind
and the Democrats Ace in the Hole for when they desperately need to pull out an election.
The USA has a public debt of over $17 trillion, of which one trillion is school debt.
My son will have his student loans paid off at the end of next year. He went into the marines for 4.5 years, then judo and UCLA. After he ran out of GI Bill (is it still called that?) most everything was student loan.
Next year at age 35 he’ll marry and probably buy a house. So his work is finally paying off.
how did student loans get included in government spending? Isn’t it private debt?
You can’t discharge government, criminal, tax, lawsuit and many other debts in BK, either, IIRC. Also, I do believe that student loans have been unforgivable for some time now.
Wrong!
You cannot discharge a Tax Lien, for unpaid taxes, from the Feds either or the State of California.
Ditto
and if it’s property tax they will auction the property to recoup the balance due and interest.
Explained in This Article in Forbes.
I had student loans.
Silly me, I thought a promise to repay was a promise to repay for my degree in Business Administration.
Nowadays it is a promise to think about replaying and hoping OPM will pay for my useless “Womyn’s studies” degree.
When I entered college at age 18 I knew what I was getting into. I guess today’s generation are just too stupid to know the same?
Idiocracy, I guess.
thanx
I just paid mine off a couple years ago...about 15 years after graduation. I was not in a terrible rush - it was my lowest interest rate by far of any loan. I didn’t have a tremendous.
The Progressive agenda is to make you a servant of, and dependent on, the government.
I feel so sorry for these poor unfortunate deadbeats.
I just paid mine off a couple years ago...about 15 years after graduation. I was not in a terrible rush - it was my lowest interest rate by far of any loan. I didn’t have a tremendous amount of debt.
No one told them to take out loans in such huge amounts. Many people work their way through school and take as many classes as they can afford each semester. No sympathy from me.
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