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A revolt is growing as more people refuse to pay back student loans
Washington Post ^ | 03/31/2015 | By Danielle Douglas-Gabriel

Posted on 04/02/2015 10:13:22 AM PDT by SeekAndFind

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To: exit82

I completed a Paralegal course in ‘93. It cost $3500, give or take a couple dollars.


21 posted on 04/02/2015 10:25:26 AM PDT by SMARTY ("When you blame others, you give up your power to change." Robert Anthony)
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To: SeekAndFind

Probably fifty percent of the students going to four year colleges and paying stiff tuition fees should be going to tech schools and learning something that might get them a good job. At some point somebody has to expose and attack Big Ed(ucation.)


22 posted on 04/02/2015 10:25:35 AM PDT by driftless2 (For long term happiness, learn how to play the accordion.)
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To: SeekAndFind

G** Damn them.

We are scrimping and cutting back on everything possible in our lives - to make sure my kids don’t come out of college with debt.


23 posted on 04/02/2015 10:27:10 AM PDT by PGR88
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To: SeekAndFind

There are millions of people paying back student loans. What eighty-five people do is irrelevant. My daughter is a recent college grad (who mercifully has no loans), but many of her friends have loans. They are all slowly paying them off, and most of them will be paying for years.


24 posted on 04/02/2015 10:27:17 AM PDT by Essie
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To: SeekAndFind

Everest? Isn’t that the joint that teaches students how to ramble incessantly for 90 seconds about Everest without taking a breath? Who would hire someone who speaks like that?


25 posted on 04/02/2015 10:28:29 AM PDT by Larry Lucido (Anyone know what happened to FReeper F15Eagle?)
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To: WayneS
If they borrowed the money, they are obligated to pay it back.

They borrowed it, but you & I guaranteed them.

26 posted on 04/02/2015 10:28:35 AM PDT by 5thGenTexan
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To: SeekAndFind

What does the future look like for an economy built on credit debit when the credit system fails?


27 posted on 04/02/2015 10:28:50 AM PDT by ryan71 (Bibles, Beans and Bullets)
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To: SeekAndFind

If they refuse to pay back a student loan, then do not loan them any money because they will not pay you back, either. A nation of deadbeats is what is being raised and nothing good will become of it.


28 posted on 04/02/2015 10:29:31 AM PDT by sport
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To: dfwgator

Once the employers see the degree from the bogus diploma mill, they won’t brother with a credit check.


29 posted on 04/02/2015 10:29:47 AM PDT by Wolfie
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To: SeekAndFind

OK. Take the money back from the Administrators and Professors.


30 posted on 04/02/2015 10:29:58 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: SeekAndFind

I am sure this TOO is being orchestrated by the Left, so the next person the Liberals nominate for President can promise debt forgiveness for ALL student loans…. Mark my words on that one!!


31 posted on 04/02/2015 10:30:18 AM PDT by SMARTY ("When you blame others, you give up your power to change." Robert Anthony)
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To: WayneS

Bingo!


32 posted on 04/02/2015 10:30:27 AM PDT by DoughtyOne (The question is Jeb Bush. The answer is NO!)
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To: SeekAndFind

First, it seems clear the students didn’t do their homework when they selected the college. Their choice, their mistake, their debt. Also, I’m not sure they worked that hard while they were “studying”. Time to start suing them for the payment.

Second, the banks that made the loan could care less if you applied to Donald Duck University for an advanced degree in Duck Magic. They know that the gov’t is backing it, so they have nothing in the game. That needs to change.

Third, I’d start garnishing the students’ wages. Since they probably aren’t employed, I’d start taking their monthly payments from the bank that made the loan. Maybe then they’d take a little more interest in where the money is going.


33 posted on 04/02/2015 10:31:37 AM PDT by econjack (I'm not bossy...I just know what you should be doing.)
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To: SeekAndFind
JOIN NOW AND AVOID THE ELECTION YEAR RUSH


34 posted on 04/02/2015 10:32:58 AM PDT by Iron Munro (It IS as BAD as you think and they ARE out to get you.)
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To: SeekAndFind

well since these clowns were forced to go to college, and get student loans, they shouldnt have to...., oh wait, thats right, didnt happen, they did not have to go to college.
ok, since a gun was held to their head, and they were forced to get a student loan.,,, oh that didnt happen either.,
dang, guess they are SOL. but they’ll cry, and say “its not fair”, and the taxpayers will make it all better.


35 posted on 04/02/2015 10:33:24 AM PDT by tm61 (Election 2012: we find it IS possible, to polish a turd.)
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To: SeekAndFind

Yeah. I’m not paying mine back either. Oh, wait. I never had one. Never mind. Maybe I’ll try that on my mortgage. Nah. That’d be like stealing. Which, for some, is NOT a problem.


36 posted on 04/02/2015 10:33:45 AM PDT by rktman (Served in the Navy to protect the rights of those that want to take some of mine away. Odd, eh?)
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To: E. Pluribus Unum
Exactly. High rates because majors in XYZ Studies get charged the same as a major in something actually marketable.

  1. Write off 25%. This is a necessary concession to the debtors who, in many cases, were duped into taking out loans they couldn't afford.
  2. Return 75% to the institutions of origin for collection.
  3. Institutes get to keep 5% of the 75% for their trouble but must remit the 70% back to the government.
  4. They are free to hold up transcripts, cancel degrees and employ all the other measures they did to collect against the debtors as when they were students.
  5. If the institutions still cannot pay back the governement within the normal loan times, the government is free to attach their endowments, real estate and other assets.
  6. Government gets completely out of the loan business and encourages the institutions to line up their own lenders. If a tiny college like Hillsdale (Michigan) can do it, then there is no reason anyone else can't do the same.

    Yes, the taxpayer takes a 30% hit up front to liquidate this crisis, but that is far better than continuing to grow this monster.


37 posted on 04/02/2015 10:34:56 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: American Constitutionalist
As long as they don’t use tax payer’s money to bail out those liberal hell hole universities and collages

What? The colleges already have their money paid by student loans underwritten by the USG. The taxpayer loses if the students don't pay back the money they borrowed from the USG.

38 posted on 04/02/2015 10:35:52 AM PDT by kabar
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To: SMARTY
My daughter got her paralegal certification in 2010, and then moved on to law school after two years working for a firm. It cost $1,100 plus reference and testing materials.

She now goes to Lewis & Clark in Portland, OR. And guess what the tuition is there? We put her through four years of college all paid in full. No loans. Now she insisted on a top tier law school and that is on her. We help, but it's more school than we could afford.

She bought her text books used. Guess who was the previous owner of one of her books????.............None other than Monica Lewinsky!

39 posted on 04/02/2015 10:36:45 AM PDT by blackdog (There is no such thing as healing, only a balance between destructive and constructive forces.)
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To: SeekAndFind

Most people who took out student loans received nothing of value. They should sue the schools for issuing fraudulent documents. A liberal arts degree and $5 will get you a cup of coffee at Starbucks.

An advanced degree in liberal arts might get you a job as a barista at Starbucks.


40 posted on 04/02/2015 10:37:02 AM PDT by P-Marlowe (Saying that ISIL is not Islamic is like saying Obama is not an Idiot.)
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