Skip to comments.Student Loans Entice Borrowers More for Cash Than a Degree
Posted on 03/03/2014 10:14:42 AM PST by reaganaut1
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I seriously hope these students of worthless degrees, pursuing leisure and subjects of flight of fantasy eventually have to put up their time instead of credit and wealth as payment for services rendered.
I hope they are forced into involuntary servitude (at even the government’s inflated minimum wage) doling out EBT cards, processing SNAP (food stamp) applications, Section 8 housing voucher applications (to the point of INSPECTING the premises of those inhabitants who have been forced out), and so on.
It would do them good, seeing their erstwhile compatriot comrades ‘giving back’ to their GOVERNMENT. I hope they get enveloped by the entitlement sewage they and this government sustain.
The 'rich' are going to start being required to pay their 'fair share' of other people's student loan payments - which Obama figures is somewhere in the neighborhood of 100% of the total amount.
Financial aid is the new welfare.
Over the past several years, I’ve seen this borne out by the change in fin-aid office clientele, and in their subsequent classroom performance.
I know people who took trips to Europe on their student loan money. They will be in debt forever.
Back in the 90s, while I was in high school, they practically shoved “Student Aid” at us to fill out. I had no idea what I was doing and filled it out.
That first year of college I was horrified at the amount I had received (an actual physical check), and in today’s money it really wasn’t that much.
I swore that I would never again have a loan. It took forever to finish school, but I dont regret it one bit.
Hey kids, you gotta keep those professors RICH FOR LIFE.
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For many on student loans it's borrow and go to school, or sit and collect public assistance.
Student loans are just another way of masking a poor job market for the young.
This is morphing into another Federal welfare program that will be trillions in red ink and unsustainable.
Why surely, taken away the “cash”, and the enrollments will dip by 50 percent or more.
No, they probably know that all student loans are forgiven by the uninformed taxpayers ten years after they are contracted.
And those of us not in debt will pay it for them.
Can you post a link on that? All I read on FR is that these persist even thru bankruptcy.
Could you post a link to this? Thanks
Even without your hopes and wishes (which I share, BTW), they’re in a world of hurt doing this. Student loans cannot be discharged in Bankruptcy, they’re like child support. They may bloody well have to sweat it out.
I don’t believe that.
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