Forgive Student Loans?

#27
#27
bamawriter said:
Even though you have a different solution, you are joining Obama and Co. in focusing on the wrong problem.

The problem is not that people are getting huge student loans. Rather, it is that higher education has become way too expensive.
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take away the loans the price will come DOWN..Now a school knows it can charge a HIGH price because the student will get a GOVERNMENT loan to pay for it!
 
#28
#28
volfanngaytorland said:
What about us 21 year olds who work 2 jobs while being a full time student and have a better credit score than 90% of Americans?
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An 800 credit score doesn't mean jack with a 2 year history. Still not going to get approved for that elusive credit union rewards card.

Also, I don't see the relevance of your question. It sounds like you're just bragging.
 
#29
#29
volmaverick said:
take away the loans the price will come DOWN..Now a school knows it can charge a HIGH price because the student will get a GOVERNMENT loan to pay for it!
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Student loans are only part of the rising costs. We've allowed Higher Ed to convince us that college degrees are required for the same jobs that didn't need them 30 years ago. The salaries for those jobs haven't gone up, but the investment required has skyrocketed.

It's not the loans, it's the perception.
 
#30
#30
Thrasher865 said:
An 800 credit score doesn't mean jack with a 2 year history. Still not going to get approved for that elusive credit union rewards card.

Also, I don't see the relevance of your question. It sounds like you're just bragging.
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Must of hit a sore spot for you, sorry. It definitely is relevant to the thread if you bothered to read it.
 
#31
#31
Thrasher865 said:
An 800 credit score doesn't mean jack with a 2 year history. Still not going to get approved for that elusive credit union rewards card.

Also, I don't see the relevance of your question. It sounds like you're just bragging.
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Honestly, I'm in a similar boat about 3 years down the road. However, I've yet to take out a loan, but may need to for my last 2 years. Even still, it is entirely possible for a single man or woman to work and pay for an undergrad degree as long as it's not ridiculously expensive.

Oh, also came out of high school with a crap GPA and zero schollies.
 
#33
#33
volmaverick said:
True

But a 20 year old with no job or beacon score can get 75k plus in student loans

that same 20 year old couldn't get a loan to buy a mini barn from Lowes
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where does personal responsibility factor in?

when you're 18 years old you're a legal adult. you're granted additional rights (like voting), but you're also held accountable for your decisions. it's unfortunate that some people saddled themselves with tremendous loan burdens, but that doesn't justify forgiving debt that was taken out by a grown up. if you didn't read the terms or you didn't understand the terms, then that's on you.
 
#34
#34
volfanngaytorland said:
Must of hit a sore spot for you, sorry. It definitely is relevant to the thread if you bothered to read it.
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He was addressing how student loans are far easier to obtain than a REAL loan that requires REAL credit... not credit obtained from your phone bills, comcast bills, and dining dollars fees from the past 2 years.
 
#35
#35
volmaverick said:
True

But a 20 year old with no job or beacon score can get 75k plus in student loans

that same 20 year old couldn't get a loan to buy a mini barn from Lowes
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Even more egregious, a six-year old with no job and absolutely no near-term job prospects is given $100K in education benefits spanning the next twelve years of their life.
 
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#36
#36
DinkinFlicka said:
He was addressing how student loans are far easier to obtain than a REAL loan that requires REAL credit... not credit obtained from your phone bills, comcast bills, and dining dollars fees from the past 2 years.
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Longer than 2 years and I've done a little more than pay phone bills, comcast bills, and dining dollars.
 
#38
#38
DinkinFlicka said:
Unless you've been paying bills since you were 10... I'm telling you, your score doesn't mean squat.

What other loans have you taken out? Hm?
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Didn't know longer than 2 years meant 12? It's also none of your business what loans I have out
 
#39
#39
volfanngaytorland said:
Didn't know longer than 2 years meant 12? It's also none of your business what loans I have out
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Oh, I forgot to specify: 2 < 12

You're the one telling us how great your credit score is, yet you don't understand the basic concept of building credit.

Honestly, at your age, a pint of my blood probably had enough controlled substances in it to drop a pachyderm... and even I wasn't this dense.
 
#40
#40
DinkinFlicka said:
Oh, I forgot to specify: 2 < 12

You're the one telling us how great your credit score is, yet you don't understand the basic concept of building credit.

Honestly, at your age, a pint of my blood probably had enough controlled substances in it to drop a pachyderm... and even I wasn't this dense.
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Well, I see the issue here. It takes a little longer to build credit when you "have so much controlled substances in your body you can drop a pachyderm" than when you are responsible and get loans, when you can, at the right times.
 
#42
#42
volfanngaytorland said:
Well I see the issue here. It takes a little longer to build credit when you "have so much controlled substances in your body you can drop a pachyderm" than when you are responsible and get loans, when you can, at the right times.
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Again, you're only putting your arrogance on display here. You've got the spirit of good credit right, but it takes time to make all of that work. That's where you're hitting a dead end.

Actually, I don't see how drug use ever hurt my credit. I'm not the one who had to take out student loans.
 
#44
#44
DinkinFlicka said:
Again, you're only putting your arrogance on display here. You've got the spirit of good credit right, but it takes time to make all of that work. That's when you're hitting a dead end.

Actually, I don't see how drug use ever hurt my credit. I'm not the one who took out student loans.
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Oh burn. Taking shots for taking out student loans, you got me there.
 
#47
#47
Cannot believe we are having this debate. Or really "debates."

First, in terms of people having a hard time paying on them because of lack of job growth, there are all sorts of mechanism in place to allow you to defer repayment if you are unemployed, don't have an appreciable income, etc. If the feds want to come up with a way to broaden that relief in tough economic times, that's fine with me, e can discuss individual proposals to do that. But people should pay them back.

Second, the notion of eliminating the program is absurd. It would never pass politically. Plus, its the way so many have managed to be able to go to college at all.
 
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#49
#49
Professor Nono said:
Because without them, I could not afford to go to school. Period. My family is not well-to-do. But I went, I took the loans and I paid them back AND my wife's.
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the price would be A LOT cheaper if there were not the student loans

They would have to drop the price to get students, as of now they don't because of the loans

If you were selling something and knew the buyer could get a loan that would pay your high asking price. You would have no reason to adjust your price


Doctors charge two prices one that is high for insurance and will lower price if you don't have insurance..They charge that high price because they know the insurance will pay

Its the government loans that have drove up the cost of college!!!
 
#50
#50
Volmaverick - I see your point but as a high school graduate, 18 years old, without help from parents or other family members, tuition even a LOT cheaper might not be in the picture. Maybe if the student chose some joke of a major to pursue, he could have a full time job too. But what would that get you? If you want a serious education, you gotta have help.
 
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