To Bad!!!!!!!!
I’m sorry, but this is a debt they were made aware could not be cleared because of bankruptcy. They should have made better choices.
Total student debt is $1.5 Trillion of the $18 trillion national debt. To give haircuts to seniors on Social Security seems painfully ineffective.
I figured as much.
Most seniors don't have student loan problems because student loans weren't that big a thing when they were college age.
Logical Seven Point solution to the student loan crisis:
Yes, the taxpayer takes a 30% hit up front to liquidate this crisis, but that is far better than continuing to grow this monster.
The world is cruel to many persons who can’t or won’t do math; or plan for contingency.
Have a backup plan, if your new job doesn’t work out.
He took out a loan to go back to school to get a degree that had no high-paying job prospects?
And like clockwork he is now a “victim”.
Surprised IRS doesn’t go after tax refunds prior to retirement. Assume there would be a better chance of collection. Would also be less burdensome than in retirement years.
Also think that if someone has to go to the extreme of bankruptcy... then let the debt be addressed there like any other unsecured debt.
The way it works is that the Democrats will keep promising to make deals and concessions and renegotiate, then they tell the debtors that if the mean, evil conservatives get involved, they will make them actually pay the debt as agreed.
The debtors will keep voting for the Democrats, as they fear the GOP will hold them to their word.
In effect, the Democrats are buying the votes of student debtors with taxpayer money that may never get repaid.
They took the money.
Now i say, ‘let them live on fish heads’!!!
My children paid for theirs with both blood and treasure.
Our son USMC Infantry three tours + in the sand box plus working his student years, the others has paid everything off after two years in the work force.
They declined our assistance
.
My 1st thought after reading the title was ‘illegals’. But I quickly remembered that they don’t have to pay for anything.
I don’t know HOW MUCH MORE of this the American taxpayer can absorb.
We have our OWN obligations, and increasingly all the responsibility for the support of OTHERS and for the bad choices OTHERS make in life.
It’s TOO MUCH
Note well:
‘Student loans’ may be used for tuition, living expenses, new car, ...
Seldom is it noted how the money was spent?
I have a grandson in college, graduated on the GI bill with no job prospects. Well not the ones that he thinks he deserves/barf. He is very important and entitled you know.
SO what does this BRIGHT young man do? Signs up for Student Loan to stay in college for his Masters degree, to do WHAT? His degree was in management, hahahahaha.
No amount of talking with him on his chosen path does any good, I am just his lowly poor grandmother.
He says he will pay it off with in 5 years after graduating. I said HOW? You can't find that job now.
I think they all must think as Scarlett O'Hare did when she said, "Oh fiddlty dee, I'll think about that tomorrow".
These “seniors have to eat cat food to pay their student loans” sob stories are just setting the stage for student debt forgiveness. Ironically, if we got rid of student loans, the whole educational cost bubble would pop and college would become affordable again. Prima donna professors wouldn’t be making anywhere near what they make now and schools wouldn’t be able to fund a bunch of BS classes and activities, but that would be a good thing.
Can’t the parents who cosigned for student loans or took out student loans on the children’s behalf also have Social Security garnished?
I’ll go to college when I can pay cash for it. But having been homeschooled I don’t need the education and being financially independent I don’t need the wall art; so maybe I will never go.
> Taking 10% of a person’s pay who’s trying to live with bills, that’s the cruelty of it.”
Life is hard. It’s harder when you’re stupid.