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The school loan forgiveness is the ultimate hand picking of winners and losers. Shame on you Democratic party.
Just allow people to BK on the loans. That's the biggest issue in my opinion. No one will lend to 18 year olds anymore and the prices will plummet for school.
The students simply are not qualified to attend college even for bullshit degrees. They are pushed to attend even though they aren't qualified.
And here it is...
https://studentaid.gov/debt-relief-announcement/
I don't know why this gets me so aggravated, we've spent more money on less important stuff, but for some reason this issue hits home with me.
GreaterNYCDude says
And here it is...
https://studentaid.gov/debt-relief-announcement/
I don't know why this gets me so aggravated, we've spent more money on less important stuff, but for some reason this issue hits home with me.
Your comment is clear as mud as to what side you are on.
As an aside the IRS normally views a forgiven debt as "income". Mabey they do need more agents.
Just allow people to BK on the loans. That's the biggest issue in my opinion. No one will lend to 18 year olds anymore and the prices will plummet for school.
When you graduate college with 200k in debt and end up working in a call center for $13.50/hr; one could make a case you have been duped and therefore owe nothing...
Michael Cooke says
When you graduate college with 200k in debt and end up working in a call center for $13.50/hr; one could make a case you have been duped and therefore owe nothing...
Then the solution is a refund from the college, not the college keeps the money and taxpayers forgive the debt. The refund method would stop the useless degrees from being offered, while the forgive loan option just encourages more educational fraud.
You answered the question of why BK is not allowed on student loans.
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Another fuck you for people that did the right thing. Wife and I worked while we went to school and paid whatever loans we had off . we didn't travel, party, barrow to pay living expenses. Just sends message put don't pay your bills, just like don't enforce borders, don't work ect ect.