Student Loans

  • Hmm
Reactions: karmakid
  • Agree
Reactions: Videodrome
TFX said:
You can discharge all those in bankruptcy, you can't discharge student loans. I agree we need to take on predatory lending, but student loans are a financial detriment to an entire generation that were told they would have jobs to pay them off on the other side.
Click to expand...

apple.news

Biden administration makes it easier for student loan borrowers to wipe away debt in bankruptcy — CNBC

The Biden administration announced updated guidelines that will make it easier for those struggling with their student debt to discharge it in bankruptcy.
apple.news apple.news
 
Students need to be responsible for the debt they incurred.
 
  • Agree
Reactions: Enemy
Kvally said:
Students need to be responsible for the debt they incurred.
Click to expand...
Did you say the same for business so that took PPP loans and didn’t repay them, when not needing them in the first place? How about businesses that declare bankruptcy and don’t have to pay anything?
 
  • Agree
Reactions: karmakid
Rich people/Businesses/Corporations declare bankruptcy all the time for their failures. Just look at trump...

One of the biggest dem f*** ups was eliminating the ability for students to discharge their student loans via bankruptcy.

Any f***er that received a PPP loan without actually needing it/and or did not use it for the proper purpose that opposes anything regarding student loans being wiped out or even crumbs of $10K should immediately have those loans re-instated with interest to date.
 
Plainview said:
Difference is, student loans have pretty much never been forgiven. Businesses have had trillions forgiven.
Click to expand...
They should not be forgiven. But they could be 0 or 1% interest instead of 8%.
 
Kids not old enough to drink alcohol, but considered old mature to pursue a career through academics backed by extreme financial risk.

In lots of cases, well it actually works out.

In other cases, it works until a Great American Recession or other calamity chips away enough security and stability or their whole job. Yes, stupid f***wits over-speculated, but in this country not only is the lives of working class people demolished, it's considered a 'Virtue' they accept a desperate financial fate.

A few are screwed right out the gate though. Better hurry up and somehow get around the Work / Experience Paradox to gain some kind of industry employment or figure out why the industries that complained to the media about the lack of qualified workers aren't hiring you. More time drags on, the more critically you'll be looked at by the HR weasel pondering why the grad has FAILED to get a job.

/rant
 
  • Agree
Reactions: karmakid and Plainview
You must log in or register to reply here.
Top Bottom
Back