Forgive Student Loans?

[Sea Ray]

Hmmmm... I'll just leave this here.

‘My husband refuses to pay my student loans.’ His reason? I took out the loans before we were together. Is there some loophole to get him to pay? (msn.com)

Question: I am married but unemployed, and my husband refuses to pay my student loans, which I had before we were dating. Do I have access to the money? Yes. But if I were to touch it, it could cause a divorce because he feels that it’s not his responsibility, as we were not together at the time I acquired the student loans. Is there any way to get out of it? Or is there some type of loophole? I haven’t worked in years. I don’t even know how I would repay these back on my own.

Sounds to me like someone needs to go out and get a job. What's keeping her from working?

 

[AirVol]

Hmmmm... I'll just leave this here.

‘My husband refuses to pay my student loans.’ His reason? I took out the loans before we were together. Is there some loophole to get him to pay? (msn.com)

Question: I am married but unemployed, and my husband refuses to pay my student loans, which I had before we were dating. Do I have access to the money? Yes. But if I were to touch it, it could cause a divorce because he feels that it’s not his responsibility, as we were not together at the time I acquired the student loans. Is there any way to get out of it? Or is there some type of loophole? I haven’t worked in years. I don’t even know how I would repay these back on my own.

I could buy her husband a beer.

 

[volinbham]

I know it's been said before but the arguments from proponents of debt cancellation could also be used for asset purchases for any number of sole proprietorships.

A landscape truck, trailer and equipment is an investment in one's future also and can show better ROI in a shorter time period.

 

[Vol8188]

Lol, well, I’ve attended them in OH and PA… there was no such thing.

Seriously, though, 1/3 of the grads at the last one I went to graduated with some sort of healthcare degree. If we’re looking at sheer numbers, the statistics show that a huge majority are getting useful degrees in careers with at least decent projected growth.

Good for them. They should have no problem paying their loans

 

[Vol8188]

That's why the banks give them out to anyone applying, they can't lose money on them. Take away that provision of the student loans and banks would be much more selective in who they lend to.

Are these no federally guaranteed? As long as the government guarantees the loans, the banks won’t care about bankruptcy.

 

[hog88]

Are these no federally guaranteed? As long as the government guarantees the loans, the banks won’t care about bankruptcy.

That was my point. End the federally guaranteed loans and banks would be a little more choosy in who they loan the money to.

 

[Vol8188]

That was my point. End the federally guaranteed loans and banks would be a little more choosy in who they loan the money to.

Agreed. But I think you may have to keep the bankruptcy protection for the banks. Either that or have much higher interest rates.

Otherwise why would a bank make such a risky loan?

 

[hog88]

Agreed. But I think you may have to keep the bankruptcy protection for the banks. Either that or have much higher interest rates.

Otherwise why would a bank make such a risky loan?

When you say bankruptcy protection are you saying keep it so the loans are not dischargeable through bankruptcy?

 

[Vol8188]

When you say bankruptcy protection are you saying keep it so the loans are not dischargeable through bankruptcy?

Yes. In some way the banks need protection. Either that or just allow for higher interest rates. But why else would you make the loan

 

[hog88]

Yes. In some way the banks need protection. Either that or just allow for higher interest rates. But why else would you make the loan

Bankruptcy protection for the banks needs to be eliminated. Banks would have to determine if the kid and the degree they are pursuing are worthy risks or not. Or have sufficient collateral. In the long run I think we'd see a lot of fringe degree programs discarded, out of control construction slowed and costs come down. Maybe more companies would offer tuition assistance programs for future employees.

 

[SpaceCoastVol]

That was my point. End the federally guaranteed loans and banks would be a little more choosy in who they loan the money to.

I've been saying that for years.

 

[SpaceCoastVol]

Agreed. But I think you may have to keep the bankruptcy protection for the banks. Either that or have much higher interest rates.

Otherwise why would a bank make such a risky loan?

Nope. Gender studies = risky. Engineering = good investment. Watch the worthless degrees dry up and a college degree will actually mean something again.

 

[Caculator]

Who is going to "forgive" these loans?

 

[SpaceCoastVol]

Who is going to "forgive" these loans?

Government. Which means you and I get to pay them off.

 

[allvol123]

Who is going to "forgive" these loans?

I prefer they work them off.

I want 1 indentured servant for 20-25 hours per week in return for paying this tax bill.

 

[SpaceCoastVol]

I prefer they work them off.

I want 1 indentured servant for 20-25 hours per week in return for paying this tax bill.

Or they can join the military and pay it off via a reverse GI bill.

 

[allvol123]

Or they can join the military and pay it off via a reverse GI bill.

I really prefer my 1 servant. Have some good plans for them.

 

[Dergibvol]

That's why the banks give them out to anyone applying, they can't lose money on them. Take away that provision of the student loans and banks would be much more selective in who they lend to.

Now if the government would stop buying mortgages as well we could get somewhere.

 

[Vol8188]

Nope. Gender studies = risky. Engineering = good investment. Watch the worthless degrees dry up and a college degree will actually mean something again.

Engineering is still risky because you’re going to have a higher drop out rate

 

[85SugarVol]

That was my point. End the federally guaranteed loans and banks would be a little more choosy in who they loan the money to.

But that’s racist.

 

[ClearwaterVol]

That was my point. End the federally guaranteed loans and banks would be a little more choosy in who they loan the money to.

Of course then you would widen the gap between the haves and have nots considerably.

 

[85SugarVol]

Of course then you would widen the gap between the haves and have nots considerably.

So federally backed loans for college then?

 

[C-south]

Of course then you would widen the gap between the haves and have nots considerably.

Tough s***

 

[ClearwaterVol]

So federally backed loans for college then?

Yes, with some limitations. They give far too much money. When I was in law school, they were offering me close to 100k per year for an education that cost 20k/year. Take out loans for tuition, but people outside of medical school get in trouble by borrowing money for living expenses.

 

[85SugarVol]

Yes, with some limitations. They give far too much money. When I was in law school, they were offering me close to 100k per year for an education that cost 20k/year. Take out loans for tuition, but people outside of medical school get in trouble by borrowing money for living expenses.

Then we are simply in the same loop as now.