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On April 19 2012 10:29 Klyberess wrote:Show nested quote +On April 18 2012 11:22 BuGzlToOnl wrote:On April 18 2012 11:16 IgnE wrote:On April 18 2012 11:14 BuGzlToOnl wrote:On April 18 2012 11:10 IgnE wrote:On April 18 2012 11:04 BuGzlToOnl wrote:On April 18 2012 10:55 Stratos_speAr wrote:On April 18 2012 10:51 Xanbatou wrote:On April 18 2012 10:43 Djzapz wrote:On April 18 2012 10:39 shinosai wrote:
[quote]
I really don't think this is the purpose of education at all, but we've somehow transformed education into this contest of how to better benefit the state. Pretty much. The fact that education is all about getting a job is one of our great failures. Again, education is not about getting a job. You don't have to pay for education. Like I said, you can just walk into any university and sit in on the classes and nobody will bat an eye. You are paying for the degree. You are paying for formal recognition that you completed a certain set of classes. There's no need for formal recognition for anything, except to prove to other people (employers) that you are at least semi-capable of learning things in a particular subject area. the bold part is just completely incorrect. You definitely cannot just show up to any respectable university/college and sit in a class. You'll get your ass booted out so fast your head would spin. Education:
Originally $17,500 USD of school debt. Would of cost me another $5,000 to finish degree. Don't ask me how or why, because I don't know either.
Four years of college. Two community (paid cash). Two University (loans). No degree. Three to four classes away from BA in Biological Sciences. Soft science, but better than liberal arts degree. HA!
Current debt: $10,000. One year after decision to quit school. By this time next year I should have no debt what so ever. Will be 100% debt free. How? Work. Any job you can find. There are jobs out there shut the fuck up. There are jobs out there shut the fuck up. Not jobs you will like. Not jobs that are easy. Not desk jobs. But there are jobs out there. You'll get dirty, you'll get sweaty, you'll hate life, but there's a job out there. Plenty of them. Take what you can get. Beggars can't be choosers.
My parents repeatedly told me hundreds of times that the interest would eat me. It has. And that they are willing to pay my entire debt. I said no. To this day they tell me that they are willing to pay it off. I say, no. My debt, my decision, my problem. They are not wealthy, but have savings. The debt, like this forgiveness law as many have stated before me will not magically make the debt disappear. Someone will pay it for you in one way or another.
Yes it sucks. And people basically pray on students and make them feel entrapped to go to college and get a degree. Ultimately it was your decision and your decision alone. I'm against the law. And not just because I'm almost out of debt and for me it would seem "unfair" that people will get off for free while I paid my way out. It's not that; it's because the amount of people that would take advantage of this would be massive. If they won't be held responsible for their actions now. What's to stop them from doing this again with a car or a house?
Your decisions. Just like it is the decision of a girl I know to be $100,000 in student debt and buy a brand new $26,000 car. While I've been riding a bicycle for almost a year now.
You'll find a way to make it work. In one way or another. In one shitty job or another. Those who are in debt. You'll work your way up and get out eventually little by little. Not from one day to the next like this law offers, but little by little. If you don't you'll learn nothing and just have another piece of paper - this one having fancy wording saying loan forgiveness. It's an incredibly simple concept that there are NOT jobs out there for everyone. It's not like every unemployed person is sitting on his ass not looking for a job. Just because you were able to find one doesn't mean everyone can. There are jobs out there for everyone. I've have always been able to find a job. Open any newspaper, you'll find companies looking for people to hire. Be it factory, warehouse, field work, pizza delivery anything there are jobs. If you would say there are no jobs that I like or that I can use my degree in than I would agree with you. But menial, meaningless jobs that give you no self worth and you hate. There everywhere. We should all strive to work at jobs meaningless jobs that give you no self worth and engender only bitterness and anger. Can't pay off $150k in loans that you spent to get a law degree delivering pizzas, no matter how much you save and scrimp. No you can't. That's why you only deliver pizza's for 30 hours while you work in a factory or warehouse for another 40-50. Sacrifice social life and luxuries like internet, tv, and house phone and you'll be on your way there. Then when I die at 80 with all my bills paid off, and a life of hard scrabble toil and endless suffering behind me, I can go to heaven right? You exaggerating way too much. I would say about 25-30 years of working you'll pay off your loans. Assuming your 22 when your graduated college with a BA. You'll be 47 at the earliest. Assuming you applied yourself to at least one job and got promoted over the past 25-30 years you'll definitively pay off your loans a lot faster. It's doable. Not the way you'll want to do it, but doable none the less. This is the most depressing thing I've read today.
Ditto. I don't think I could survive such a dreamless life, or that I would want to.
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What this comes down to is that for the rich to be rich, somebody has to be poor, and considering how many people are alive right now, and how many people live in rich places like the US and EU, it will take speshul taktiks to keep people poor enough. A debt trap from college is a great way to do that. So essentially what this bill is recommending is that rich people get less rich (taxed) and we give the money to the lower class.
I see no problem with this bill.
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On April 19 2012 09:56 ticklishmusic wrote:
I disagree. Since the beginning of high school, I've been investing, saving and playing the stock market to save up money. I also worked hard in high school to get into a good school with scholarship. I hope to graduate more or less debt free. Med school, well, that's another issue. Either way, I'm working hard for this ish yo.
People should only pay for college if they need it for their future career. Forgiving debt dilutes that decision.
Did you have to pay rent, utilities and work a full time job while on college? Good luck trying to avoid debt while doing all that. I'm an average Caucasian male with a 3.0 gpa in high school. I'm now 22 and struggling between working full time to make ends meet and take out a loan for school, or scrap school all together.
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I don't have a solution to this and have read alot of these responses. It's always easy for someone to respond to something in an ignorant matter when they can't relate to it... I can understand but cannot agree with anyone who compares today's student loan situation to his/her parents student loan situation during a time/age where the economy, job opportunities, and the country was in a financially better place. Not playing the race card, trying to get any sympathy however I'm just clueless as to what the solution is for my situation given everyone's responses. My wife and I are a young couple 2 beautiful daughters, and are well accomplished for our age however we've been stunted due to my wife's student loans. She's the first of her family to attend and graduate college, now an executive Chef at a famous fine dining restaurant (Formal dress code) at the age of 26. I'm a Network Engineer and make nearly double my wife's salary and most of the pressure has been on me to be the bread winner in order to have my family succeed. While we pay all of our debts now, exception of one of her student loans ~$80K and growing (after paying $11k in interest) and can't dent the principal, we have given up on that loan. We can't proceed on purchasing a home, with fear of the company coming back and placing a lean on any home we try to purchase, can't invest in a college plan for our children's future because we have to pay her other student loans (all private loans). She did receive scholarships as well however tuition was so high that they didn't cover 20% of her debt.
We've even resorted to moving in to her mom's basement to save money in order to take care of our student loan debts. I have to tell you as a man, this is not a comfortable situation however I swallow my pride for the sake of my wife and family. We've sought financial counseling, legal advice, and we have done extensive research online to the point where we can't touch this loan situation anymore. My wife's mother who took out the loan on her behalf knew nothing about the financial obligation her daughter would have after graduation however, despite that fact she's extremely proud of her b/c of how accomplished she is as am I. I know most situations aren't like ours however, I'm glad that there is SOMETHING on the table as a solution to private student loan debt. If you are trying to find a flaw in my story right about now please don't b/c it's all true. What are families like mine supposed to do in a situation like this? Please explain how this deal is better dead in the water than being passed? College tuition, lending institutions, and the higher education system as a whole are out of control and it's the next balloon to pop. With this plan on the table my wife and I are glad we've waited this out so far. We are regretful that we wasted $11k on this loan while not touching the principal.
This isn't a party affiliated issue (Dem, Rep, Lib, other...lol) it's a moral issue at this point about how this country's leaders plan on handling the next bailout. I don't think deep down many people disagree with this. It's an eventuality... I'm from a 3rd world country and have been pretty successful at working hard and I stand back and watch every other country (ie: china) understand the importance of education and impress that importance on the next generation and hold the current generation responsible. Too many things we take today as rights should be privileges. too many distractions, too many excuses, too much greed, not enough accountability, and simply not enough fairness. It's not until we end up like Iceland will we truly understand how to be humble. I don't live in a bubble or a Ron Paul world just can see the possibility of this country being great again if there were enough people that believed in it.
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On April 19 2012 10:39 -_-Quails wrote:Show nested quote +On April 19 2012 10:29 Klyberess wrote:On April 18 2012 11:22 BuGzlToOnl wrote:On April 18 2012 11:16 IgnE wrote:On April 18 2012 11:14 BuGzlToOnl wrote:On April 18 2012 11:10 IgnE wrote:On April 18 2012 11:04 BuGzlToOnl wrote:On April 18 2012 10:55 Stratos_speAr wrote:On April 18 2012 10:51 Xanbatou wrote:On April 18 2012 10:43 Djzapz wrote:
[quote]
Pretty much. The fact that education is all about getting a job is one of our great failures. Again, education is not about getting a job. You don't have to pay for education. Like I said, you can just walk into any university and sit in on the classes and nobody will bat an eye. You are paying for the degree. You are paying for formal recognition that you completed a certain set of classes. There's no need for formal recognition for anything, except to prove to other people (employers) that you are at least semi-capable of learning things in a particular subject area. the bold part is just completely incorrect. You definitely cannot just show up to any respectable university/college and sit in a class. You'll get your ass booted out so fast your head would spin. Education:
Originally $17,500 USD of school debt. Would of cost me another $5,000 to finish degree. Don't ask me how or why, because I don't know either.
Four years of college. Two community (paid cash). Two University (loans). No degree. Three to four classes away from BA in Biological Sciences. Soft science, but better than liberal arts degree. HA!
Current debt: $10,000. One year after decision to quit school. By this time next year I should have no debt what so ever. Will be 100% debt free. How? Work. Any job you can find. There are jobs out there shut the fuck up. There are jobs out there shut the fuck up. Not jobs you will like. Not jobs that are easy. Not desk jobs. But there are jobs out there. You'll get dirty, you'll get sweaty, you'll hate life, but there's a job out there. Plenty of them. Take what you can get. Beggars can't be choosers.
My parents repeatedly told me hundreds of times that the interest would eat me. It has. And that they are willing to pay my entire debt. I said no. To this day they tell me that they are willing to pay it off. I say, no. My debt, my decision, my problem. They are not wealthy, but have savings. The debt, like this forgiveness law as many have stated before me will not magically make the debt disappear. Someone will pay it for you in one way or another.
Yes it sucks. And people basically pray on students and make them feel entrapped to go to college and get a degree. Ultimately it was your decision and your decision alone. I'm against the law. And not just because I'm almost out of debt and for me it would seem "unfair" that people will get off for free while I paid my way out. It's not that; it's because the amount of people that would take advantage of this would be massive. If they won't be held responsible for their actions now. What's to stop them from doing this again with a car or a house?
Your decisions. Just like it is the decision of a girl I know to be $100,000 in student debt and buy a brand new $26,000 car. While I've been riding a bicycle for almost a year now.
You'll find a way to make it work. In one way or another. In one shitty job or another. Those who are in debt. You'll work your way up and get out eventually little by little. Not from one day to the next like this law offers, but little by little. If you don't you'll learn nothing and just have another piece of paper - this one having fancy wording saying loan forgiveness. It's an incredibly simple concept that there are NOT jobs out there for everyone. It's not like every unemployed person is sitting on his ass not looking for a job. Just because you were able to find one doesn't mean everyone can. There are jobs out there for everyone. I've have always been able to find a job. Open any newspaper, you'll find companies looking for people to hire. Be it factory, warehouse, field work, pizza delivery anything there are jobs. If you would say there are no jobs that I like or that I can use my degree in than I would agree with you. But menial, meaningless jobs that give you no self worth and you hate. There everywhere. We should all strive to work at jobs meaningless jobs that give you no self worth and engender only bitterness and anger. Can't pay off $150k in loans that you spent to get a law degree delivering pizzas, no matter how much you save and scrimp. No you can't. That's why you only deliver pizza's for 30 hours while you work in a factory or warehouse for another 40-50. Sacrifice social life and luxuries like internet, tv, and house phone and you'll be on your way there. Then when I die at 80 with all my bills paid off, and a life of hard scrabble toil and endless suffering behind me, I can go to heaven right? You exaggerating way too much. I would say about 25-30 years of working you'll pay off your loans. Assuming your 22 when your graduated college with a BA. You'll be 47 at the earliest. Assuming you applied yourself to at least one job and got promoted over the past 25-30 years you'll definitively pay off your loans a lot faster. It's doable. Not the way you'll want to do it, but doable none the less. This is the most depressing thing I've read today. Ditto. I don't think I could survive such a dreamless life, or that I would want to.
you guys shouldnt get mortgages then.
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I've had around 50k in student loans since college, and been out in the workforce for about 5 years as an engineer. I've pretty much only been paying the interest on these... mainly because my first job was in silicon valley and my 1 bedroom cost 2k a month.. and then I was out of work for a bit before moving to my most recent job.
All I can say is... Bring it on! Glad I haven't been making paying it off a priority, wipe them clean baby !
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On April 19 2012 10:55 DontJudgeEvery1 wrote:
I don't have a solution to this and have read alot of these responses. It's always easy for someone to respond to something in an ignorant matter when they can't relate to it... I can understand but cannot agree with anyone who compares today's student loan situation to his/her parents student loan situation during a time/age where the economy, job opportunities, and the country was in a financially better place. Not playing the race card, trying to get any sympathy however I'm just clueless as to what the solution is for my situation given everyone's responses. My wife and I are a young couple 2 beautiful daughters, and are well accomplished for our age however we've been stunted due to my wife's student loans. She's the first of her family to attend and graduate college, now an executive Chef at a famous fine dining restaurant (Formal dress code) at the age of 26. I'm a Network Engineer and make nearly double my wife's salary and most of the pressure has been on me to be the bread winner in order to have my family succeed. While we pay all of our debts now, exception of one of her student loans ~$80K and growing (after paying $11k in interest) and can't dent the principal, we have given up on that loan. We can't proceed on purchasing a home, with fear of the company coming back and placing a lean on any home we try to purchase, can't invest in a college plan for our children's future because we have to pay her other student loans (all private loans). She did receive scholarships as well however tuition was so high that they didn't cover 20% of her debt.
We've even resorted to moving in to her mom's basement to save money in order to take care of our student loan debts. I have to tell you as a man, this is not a comfortable situation however I swallow my pride for the sake of my wife and family. We've sought financial counseling, legal advice, and we have done extensive research online to the point where we can't touch this loan situation anymore. My wife's mother who took out the loan on her behalf knew nothing about the financial obligation her daughter would have after graduation however, despite that fact she's extremely proud of her b/c of how accomplished she is as am I. I know most situations aren't like ours however, I'm glad that there is SOMETHING on the table as a solution to private student loan debt. If you are trying to find a flaw in my story right about now please don't b/c it's all true. What are families like mine supposed to do in a situation like this? Please explain how this deal is better dead in the water than being passed? College tuition, lending institutions, and the higher education system as a whole are out of control and it's the next balloon to pop. With this plan on the table my wife and I are glad we've waited this out so far. We are regretful that we wasted $11k on this loan while not touching the principal.
This isn't a party affiliated issue (Dem, Rep, Lib, other...lol) it's a moral issue at this point about how this country's leaders plan on handling the next bailout. I don't think deep down many people disagree with this. It's an eventuality... I'm from a 3rd world country and have been pretty successful at working hard and I stand back and watch every other country (ie: china) understand the importance of education and impress that importance on the next generation and hold the current generation responsible. Too many things we take today as rights should be privileges. too many distractions, too many excuses, too much greed, not enough accountability, and simply not enough fairness. It's not until we end up like Iceland will we truly understand how to be humble. I don't live in a bubble or a Ron Paul world just can see the possibility of this country being great again if there were enough people that believed in it.
why would you have two children when you cant financially support them? and why would you look for a mortgage when you cant afford the debts you already have?
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On April 19 2012 11:11 dAPhREAk wrote:Show nested quote +On April 19 2012 10:39 -_-Quails wrote:On April 19 2012 10:29 Klyberess wrote:On April 18 2012 11:22 BuGzlToOnl wrote:On April 18 2012 11:16 IgnE wrote:On April 18 2012 11:14 BuGzlToOnl wrote:On April 18 2012 11:10 IgnE wrote:On April 18 2012 11:04 BuGzlToOnl wrote:On April 18 2012 10:55 Stratos_speAr wrote:On April 18 2012 10:51 Xanbatou wrote:
[quote]
Again, education is not about getting a job. You don't have to pay for education. Like I said, you can just walk into any university and sit in on the classes and nobody will bat an eye. You are paying for the degree. You are paying for formal recognition that you completed a certain set of classes. There's no need for formal recognition for anything, except to prove to other people (employers) that you are at least semi-capable of learning things in a particular subject area.
the bold part is just completely incorrect. You definitely cannot just show up to any respectable university/college and sit in a class. You'll get your ass booted out so fast your head would spin. Education:
Originally $17,500 USD of school debt. Would of cost me another $5,000 to finish degree. Don't ask me how or why, because I don't know either.
Four years of college. Two community (paid cash). Two University (loans). No degree. Three to four classes away from BA in Biological Sciences. Soft science, but better than liberal arts degree. HA!
Current debt: $10,000. One year after decision to quit school. By this time next year I should have no debt what so ever. Will be 100% debt free. How? Work. Any job you can find. There are jobs out there shut the fuck up. There are jobs out there shut the fuck up. Not jobs you will like. Not jobs that are easy. Not desk jobs. But there are jobs out there. You'll get dirty, you'll get sweaty, you'll hate life, but there's a job out there. Plenty of them. Take what you can get. Beggars can't be choosers.
My parents repeatedly told me hundreds of times that the interest would eat me. It has. And that they are willing to pay my entire debt. I said no. To this day they tell me that they are willing to pay it off. I say, no. My debt, my decision, my problem. They are not wealthy, but have savings. The debt, like this forgiveness law as many have stated before me will not magically make the debt disappear. Someone will pay it for you in one way or another.
Yes it sucks. And people basically pray on students and make them feel entrapped to go to college and get a degree. Ultimately it was your decision and your decision alone. I'm against the law. And not just because I'm almost out of debt and for me it would seem "unfair" that people will get off for free while I paid my way out. It's not that; it's because the amount of people that would take advantage of this would be massive. If they won't be held responsible for their actions now. What's to stop them from doing this again with a car or a house?
Your decisions. Just like it is the decision of a girl I know to be $100,000 in student debt and buy a brand new $26,000 car. While I've been riding a bicycle for almost a year now.
You'll find a way to make it work. In one way or another. In one shitty job or another. Those who are in debt. You'll work your way up and get out eventually little by little. Not from one day to the next like this law offers, but little by little. If you don't you'll learn nothing and just have another piece of paper - this one having fancy wording saying loan forgiveness. It's an incredibly simple concept that there are NOT jobs out there for everyone. It's not like every unemployed person is sitting on his ass not looking for a job. Just because you were able to find one doesn't mean everyone can. There are jobs out there for everyone. I've have always been able to find a job. Open any newspaper, you'll find companies looking for people to hire. Be it factory, warehouse, field work, pizza delivery anything there are jobs. If you would say there are no jobs that I like or that I can use my degree in than I would agree with you. But menial, meaningless jobs that give you no self worth and you hate. There everywhere. We should all strive to work at jobs meaningless jobs that give you no self worth and engender only bitterness and anger. Can't pay off $150k in loans that you spent to get a law degree delivering pizzas, no matter how much you save and scrimp. No you can't. That's why you only deliver pizza's for 30 hours while you work in a factory or warehouse for another 40-50. Sacrifice social life and luxuries like internet, tv, and house phone and you'll be on your way there. Then when I die at 80 with all my bills paid off, and a life of hard scrabble toil and endless suffering behind me, I can go to heaven right? You exaggerating way too much. I would say about 25-30 years of working you'll pay off your loans. Assuming your 22 when your graduated college with a BA. You'll be 47 at the earliest. Assuming you applied yourself to at least one job and got promoted over the past 25-30 years you'll definitively pay off your loans a lot faster. It's doable. Not the way you'll want to do it, but doable none the less. This is the most depressing thing I've read today. Ditto. I don't think I could survive such a dreamless life, or that I would want to. you guys shouldnt get mortgages then.
It's not the debt that I wish to avoid, it's giving up all dreams of a fulfilling life for 25-30 years that I couldn't bear. It is entirely possible to pay off a mortgage while having a fulfilling job and not sacrificing comforts, my parents have been doing so for a couple of decades now.
Some people can take their satisfaction from their social life while they work on a factory floor and I envy them that, in a situation they can thrive in I would wither. I don't need a TV, or a car, or a social life. I do need work that interests and inspires me, a place to live (with heating for winter, clean water, something to cook with and something to store food,and electricity), internet to keep in contact with my family over, and a musical instrument of some sort.
My work will be most of my life, I couldn't survive if it did not require me to think.
Edit: I have only one life, and after that there are no guarantees that I will exist to experience more. I will not give a quarter to a third of that life away so easily.
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On April 19 2012 11:16 dAPhREAk wrote:Show nested quote +On April 19 2012 10:55 DontJudgeEvery1 wrote:
I don't have a solution to this and have read alot of these responses. It's always easy for someone to respond to something in an ignorant matter when they can't relate to it... I can understand but cannot agree with anyone who compares today's student loan situation to his/her parents student loan situation during a time/age where the economy, job opportunities, and the country was in a financially better place. Not playing the race card, trying to get any sympathy however I'm just clueless as to what the solution is for my situation given everyone's responses. My wife and I are a young couple 2 beautiful daughters, and are well accomplished for our age however we've been stunted due to my wife's student loans. She's the first of her family to attend and graduate college, now an executive Chef at a famous fine dining restaurant (Formal dress code) at the age of 26. I'm a Network Engineer and make nearly double my wife's salary and most of the pressure has been on me to be the bread winner in order to have my family succeed. While we pay all of our debts now, exception of one of her student loans ~$80K and growing (after paying $11k in interest) and can't dent the principal, we have given up on that loan. We can't proceed on purchasing a home, with fear of the company coming back and placing a lean on any home we try to purchase, can't invest in a college plan for our children's future because we have to pay her other student loans (all private loans). She did receive scholarships as well however tuition was so high that they didn't cover 20% of her debt.
We've even resorted to moving in to her mom's basement to save money in order to take care of our student loan debts. I have to tell you as a man, this is not a comfortable situation however I swallow my pride for the sake of my wife and family. We've sought financial counseling, legal advice, and we have done extensive research online to the point where we can't touch this loan situation anymore. My wife's mother who took out the loan on her behalf knew nothing about the financial obligation her daughter would have after graduation however, despite that fact she's extremely proud of her b/c of how accomplished she is as am I. I know most situations aren't like ours however, I'm glad that there is SOMETHING on the table as a solution to private student loan debt. If you are trying to find a flaw in my story right about now please don't b/c it's all true. What are families like mine supposed to do in a situation like this? Please explain how this deal is better dead in the water than being passed? College tuition, lending institutions, and the higher education system as a whole are out of control and it's the next balloon to pop. With this plan on the table my wife and I are glad we've waited this out so far. We are regretful that we wasted $11k on this loan while not touching the principal.
This isn't a party affiliated issue (Dem, Rep, Lib, other...lol) it's a moral issue at this point about how this country's leaders plan on handling the next bailout. I don't think deep down many people disagree with this. It's an eventuality... I'm from a 3rd world country and have been pretty successful at working hard and I stand back and watch every other country (ie: china) understand the importance of education and impress that importance on the next generation and hold the current generation responsible. Too many things we take today as rights should be privileges. too many distractions, too many excuses, too much greed, not enough accountability, and simply not enough fairness. It's not until we end up like Iceland will we truly understand how to be humble. I don't live in a bubble or a Ron Paul world just can see the possibility of this country being great again if there were enough people that believed in it. why would you have two children when you cant financially support them? and why would you look for a mortgage when you cant afford the debts you already have?
Even though my wife and I didn't plan on having children, we had our first daughter while still in college. Our second daughter is only 2 years of age and we did plan her birth. Both of our daughters are very well taken care of. While we did try to wait, and could've taken the abortion route, however we accepted our responsibilities and adjusted our lives and priorities. Because of her student loans, we've adjusted. We didn't put our lives on hold for 20+ years in hopes of paying off student loans before having kids. Life is our priority and even though we can try to plan things out there are times in which you have to adjust that plan. In the grand scheme of things we can pay the majority of our student loans and we do (on time at that). It's that one student loan which is out of control. As far as a mortgage is concerned again we're not putting our lives on hold. We can afford a mortgage and the additional responsibilities tied to owning a home. Given our track record are we not too entitled to providing a better living situation for our children? Do we at this point let our student loans take priority over our all of our futuristic planning?
Back to the topic, this bill provides an opportunity for all. Isn't that one of this country's motto's "The land of opportunity". Why not support something like this. It will probably get amended however at least something is getting done to help out those in situation such as ours.
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On April 19 2012 10:50 -fj. wrote:
What this comes down to is that for the rich to be rich, somebody has to be poor, and considering how many people are alive right now, and how many people live in rich places like the US and EU, it will take speshul taktiks to keep people poor enough. A debt trap from college is a great way to do that. So essentially what this bill is recommending is that rich people get less rich (taxed) and we give the money to the lower class.
I see no problem with this bill.
Except it's not just the rich who are getting taxed...
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On April 18 2012 09:32 Kimaker wrote:
Eh. Colleges are filled with people who shouldn't be there. That's their problem. I hope they don't forgive the loans, so the next generation won't get flooded with degrees who's value just keeps going lower and lower because everyone and their cat has a bachelors.
For everyone saying "we need education to be every more accessible" it's called the internet, books and personal ambition. You can learn SO much now even if you don't go to college as long as you're willing to take the time. You never stop learning if it's what you love.
Going to college doesn't make you smarter, it just means you can jump through hoops.
Try going into a place and saying "I dont have a degree but I learned a lot online". You wont get the job you don't even have to be smart but a degree holds much more weight then a smarter person without a degree. I'm personally all for more education as the society becomes more educated that's never a bad thing the brighter individuals will always stand out.
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I don't support anything coming out of Michigan. That state is so backwards politically its insane.
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On April 19 2012 11:47 DontJudgeEvery1 wrote:Show nested quote +On April 19 2012 11:16 dAPhREAk wrote:On April 19 2012 10:55 DontJudgeEvery1 wrote:
I don't have a solution to this and have read alot of these responses. It's always easy for someone to respond to something in an ignorant matter when they can't relate to it... I can understand but cannot agree with anyone who compares today's student loan situation to his/her parents student loan situation during a time/age where the economy, job opportunities, and the country was in a financially better place. Not playing the race card, trying to get any sympathy however I'm just clueless as to what the solution is for my situation given everyone's responses. My wife and I are a young couple 2 beautiful daughters, and are well accomplished for our age however we've been stunted due to my wife's student loans. She's the first of her family to attend and graduate college, now an executive Chef at a famous fine dining restaurant (Formal dress code) at the age of 26. I'm a Network Engineer and make nearly double my wife's salary and most of the pressure has been on me to be the bread winner in order to have my family succeed. While we pay all of our debts now, exception of one of her student loans ~$80K and growing (after paying $11k in interest) and can't dent the principal, we have given up on that loan. We can't proceed on purchasing a home, with fear of the company coming back and placing a lean on any home we try to purchase, can't invest in a college plan for our children's future because we have to pay her other student loans (all private loans). She did receive scholarships as well however tuition was so high that they didn't cover 20% of her debt.
We've even resorted to moving in to her mom's basement to save money in order to take care of our student loan debts. I have to tell you as a man, this is not a comfortable situation however I swallow my pride for the sake of my wife and family. We've sought financial counseling, legal advice, and we have done extensive research online to the point where we can't touch this loan situation anymore. My wife's mother who took out the loan on her behalf knew nothing about the financial obligation her daughter would have after graduation however, despite that fact she's extremely proud of her b/c of how accomplished she is as am I. I know most situations aren't like ours however, I'm glad that there is SOMETHING on the table as a solution to private student loan debt. If you are trying to find a flaw in my story right about now please don't b/c it's all true. What are families like mine supposed to do in a situation like this? Please explain how this deal is better dead in the water than being passed? College tuition, lending institutions, and the higher education system as a whole are out of control and it's the next balloon to pop. With this plan on the table my wife and I are glad we've waited this out so far. We are regretful that we wasted $11k on this loan while not touching the principal.
This isn't a party affiliated issue (Dem, Rep, Lib, other...lol) it's a moral issue at this point about how this country's leaders plan on handling the next bailout. I don't think deep down many people disagree with this. It's an eventuality... I'm from a 3rd world country and have been pretty successful at working hard and I stand back and watch every other country (ie: china) understand the importance of education and impress that importance on the next generation and hold the current generation responsible. Too many things we take today as rights should be privileges. too many distractions, too many excuses, too much greed, not enough accountability, and simply not enough fairness. It's not until we end up like Iceland will we truly understand how to be humble. I don't live in a bubble or a Ron Paul world just can see the possibility of this country being great again if there were enough people that believed in it. why would you have two children when you cant financially support them? and why would you look for a mortgage when you cant afford the debts you already have? Even though my wife and I didn't plan on having children, we had our first daughter while still in college. Our second daughter is only 2 years of age and we did plan her birth. Both of our daughters are very well taken care of. While we did try to wait, and could've taken the abortion route, however we accepted our responsibilities and adjusted our lives and priorities. Because of her student loans, we've adjusted. We didn't put our lives on hold for 20+ years in hopes of paying off student loans before having kids. Life is our priority and even though we can try to plan things out there are times in which you have to adjust that plan. In the grand scheme of things we can pay the majority of our student loans and we do (on time at that). It's that one student loan which is out of control. As far as a mortgage is concerned again we're not putting our lives on hold. We can afford a mortgage and the additional responsibilities tied to owning a home. Given our track record are we not too entitled to providing a better living situation for our children? Do we at this point let our student loans take priority over our all of our futuristic planning? Back to the topic, this bill provides an opportunity for all. Isn't that one of this country's motto's "The land of opportunity". Why not support something like this. It will probably get amended however at least something is getting done to help out those in situation such as ours.
im sorry, but your situation doesnt make me think that we should forgive student loans. quite the contrary. you have made some questionable financial decisions and it seems like you feel entitled to something you can never afford.
as for the "land of opportunity" comment, that has to be a joke. because it is incredibly naive.
this bill is dead in the water. it is a political stunt during an election year. it will go down the same route as the buffet rule.
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On April 19 2012 11:57 dAPhREAk wrote:Show nested quote +On April 19 2012 11:47 DontJudgeEvery1 wrote:On April 19 2012 11:16 dAPhREAk wrote:On April 19 2012 10:55 DontJudgeEvery1 wrote:
I don't have a solution to this and have read alot of these responses. It's always easy for someone to respond to something in an ignorant matter when they can't relate to it... I can understand but cannot agree with anyone who compares today's student loan situation to his/her parents student loan situation during a time/age where the economy, job opportunities, and the country was in a financially better place. Not playing the race card, trying to get any sympathy however I'm just clueless as to what the solution is for my situation given everyone's responses. My wife and I are a young couple 2 beautiful daughters, and are well accomplished for our age however we've been stunted due to my wife's student loans. She's the first of her family to attend and graduate college, now an executive Chef at a famous fine dining restaurant (Formal dress code) at the age of 26. I'm a Network Engineer and make nearly double my wife's salary and most of the pressure has been on me to be the bread winner in order to have my family succeed. While we pay all of our debts now, exception of one of her student loans ~$80K and growing (after paying $11k in interest) and can't dent the principal, we have given up on that loan. We can't proceed on purchasing a home, with fear of the company coming back and placing a lean on any home we try to purchase, can't invest in a college plan for our children's future because we have to pay her other student loans (all private loans). She did receive scholarships as well however tuition was so high that they didn't cover 20% of her debt.
We've even resorted to moving in to her mom's basement to save money in order to take care of our student loan debts. I have to tell you as a man, this is not a comfortable situation however I swallow my pride for the sake of my wife and family. We've sought financial counseling, legal advice, and we have done extensive research online to the point where we can't touch this loan situation anymore. My wife's mother who took out the loan on her behalf knew nothing about the financial obligation her daughter would have after graduation however, despite that fact she's extremely proud of her b/c of how accomplished she is as am I. I know most situations aren't like ours however, I'm glad that there is SOMETHING on the table as a solution to private student loan debt. If you are trying to find a flaw in my story right about now please don't b/c it's all true. What are families like mine supposed to do in a situation like this? Please explain how this deal is better dead in the water than being passed? College tuition, lending institutions, and the higher education system as a whole are out of control and it's the next balloon to pop. With this plan on the table my wife and I are glad we've waited this out so far. We are regretful that we wasted $11k on this loan while not touching the principal.
This isn't a party affiliated issue (Dem, Rep, Lib, other...lol) it's a moral issue at this point about how this country's leaders plan on handling the next bailout. I don't think deep down many people disagree with this. It's an eventuality... I'm from a 3rd world country and have been pretty successful at working hard and I stand back and watch every other country (ie: china) understand the importance of education and impress that importance on the next generation and hold the current generation responsible. Too many things we take today as rights should be privileges. too many distractions, too many excuses, too much greed, not enough accountability, and simply not enough fairness. It's not until we end up like Iceland will we truly understand how to be humble. I don't live in a bubble or a Ron Paul world just can see the possibility of this country being great again if there were enough people that believed in it. why would you have two children when you cant financially support them? and why would you look for a mortgage when you cant afford the debts you already have? Even though my wife and I didn't plan on having children, we had our first daughter while still in college. Our second daughter is only 2 years of age and we did plan her birth. Both of our daughters are very well taken care of. While we did try to wait, and could've taken the abortion route, however we accepted our responsibilities and adjusted our lives and priorities. Because of her student loans, we've adjusted. We didn't put our lives on hold for 20+ years in hopes of paying off student loans before having kids. Life is our priority and even though we can try to plan things out there are times in which you have to adjust that plan. In the grand scheme of things we can pay the majority of our student loans and we do (on time at that). It's that one student loan which is out of control. As far as a mortgage is concerned again we're not putting our lives on hold. We can afford a mortgage and the additional responsibilities tied to owning a home. Given our track record are we not too entitled to providing a better living situation for our children? Do we at this point let our student loans take priority over our all of our futuristic planning? Back to the topic, this bill provides an opportunity for all. Isn't that one of this country's motto's "The land of opportunity". Why not support something like this. It will probably get amended however at least something is getting done to help out those in situation such as ours. im sorry, but your situation doesnt make me think that we should forgive student loans. quite the contrary. you have made some questionable financial decisions and it seems like you feel entitled to something you can never afford. as for the "land of opportunity" comment, that has to be a joke. because it is incredibly naive. this bill is dead in the water. it is a political stunt during an election year. it will go down the same route as the buffet rule.
With Obama's constant consideration of already changing how federal loans are paid? I doubt it.
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On April 19 2012 11:16 dAPhREAk wrote:Show nested quote +On April 19 2012 10:55 DontJudgeEvery1 wrote:
I don't have a solution to this and have read alot of these responses. It's always easy for someone to respond to something in an ignorant matter when they can't relate to it... I can understand but cannot agree with anyone who compares today's student loan situation to his/her parents student loan situation during a time/age where the economy, job opportunities, and the country was in a financially better place. Not playing the race card, trying to get any sympathy however I'm just clueless as to what the solution is for my situation given everyone's responses. My wife and I are a young couple 2 beautiful daughters, and are well accomplished for our age however we've been stunted due to my wife's student loans. She's the first of her family to attend and graduate college, now an executive Chef at a famous fine dining restaurant (Formal dress code) at the age of 26. I'm a Network Engineer and make nearly double my wife's salary and most of the pressure has been on me to be the bread winner in order to have my family succeed. While we pay all of our debts now, exception of one of her student loans ~$80K and growing (after paying $11k in interest) and can't dent the principal, we have given up on that loan. We can't proceed on purchasing a home, with fear of the company coming back and placing a lean on any home we try to purchase, can't invest in a college plan for our children's future because we have to pay her other student loans (all private loans). She did receive scholarships as well however tuition was so high that they didn't cover 20% of her debt.
We've even resorted to moving in to her mom's basement to save money in order to take care of our student loan debts. I have to tell you as a man, this is not a comfortable situation however I swallow my pride for the sake of my wife and family. We've sought financial counseling, legal advice, and we have done extensive research online to the point where we can't touch this loan situation anymore. My wife's mother who took out the loan on her behalf knew nothing about the financial obligation her daughter would have after graduation however, despite that fact she's extremely proud of her b/c of how accomplished she is as am I. I know most situations aren't like ours however, I'm glad that there is SOMETHING on the table as a solution to private student loan debt. If you are trying to find a flaw in my story right about now please don't b/c it's all true. What are families like mine supposed to do in a situation like this? Please explain how this deal is better dead in the water than being passed? College tuition, lending institutions, and the higher education system as a whole are out of control and it's the next balloon to pop. With this plan on the table my wife and I are glad we've waited this out so far. We are regretful that we wasted $11k on this loan while not touching the principal.
This isn't a party affiliated issue (Dem, Rep, Lib, other...lol) it's a moral issue at this point about how this country's leaders plan on handling the next bailout. I don't think deep down many people disagree with this. It's an eventuality... I'm from a 3rd world country and have been pretty successful at working hard and I stand back and watch every other country (ie: china) understand the importance of education and impress that importance on the next generation and hold the current generation responsible. Too many things we take today as rights should be privileges. too many distractions, too many excuses, too much greed, not enough accountability, and simply not enough fairness. It's not until we end up like Iceland will we truly understand how to be humble. I don't live in a bubble or a Ron Paul world just can see the possibility of this country being great again if there were enough people that believed in it. why would you have two children when you cant financially support them? and why would you look for a mortgage when you cant afford the debts you already have?
You can't expect people to see the future though, and not only the rich should be allowed to have kids. Everyone's circumstances are different too. We had our kids when I was still healthy, now I am unable to work and my wife goes to work and we make do as best we can. I worked as long as I possibly could, right up until I was fired while on FMLA, so it's not like I wasn't trying. I'm sure to many, I am inhuman, drain on the system, whatever... blow me.
Health care ties into this as well. You have to gamble that you keep your health and are able to work the amount of years necessary to pay back your debt. I understand where some of the thoughts come from on this board, but no one can hold on to the immortality of their 20's forever.
I do agree that forgiving debts isn't really the right way to go. It's really about priorities, and those of the citizenry. Americans do not place a high value on health or education like they do with profits, therefore we are stuck with the dysfunctional systems we have. Systems where profit has no place, but is exploited to the fullest extent. Education should be accessible to anyone who wants it, and also based on ability (as another poster already offered). It should not be a vocationalized conveyor belt with the sole focus of creating worker drones. People should be able, and encouraged, to pursue any field of study they are interested in. Not be berated for picking a less profitable major. The benefits are many, and have mostly already been stated.
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I'm really glad i live in a country where I can pay off my own school tuition with about 2 months of work. However there is a reason why the USA as the best colleges and universities in the world, money is it.
Seeing all that debt really makes me tempted to get a loan for a sweet car and not feel guilty xD
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On April 19 2012 12:03 kammeyer wrote:Show nested quote +On April 19 2012 11:57 dAPhREAk wrote:On April 19 2012 11:47 DontJudgeEvery1 wrote:On April 19 2012 11:16 dAPhREAk wrote:On April 19 2012 10:55 DontJudgeEvery1 wrote:
I don't have a solution to this and have read alot of these responses. It's always easy for someone to respond to something in an ignorant matter when they can't relate to it... I can understand but cannot agree with anyone who compares today's student loan situation to his/her parents student loan situation during a time/age where the economy, job opportunities, and the country was in a financially better place. Not playing the race card, trying to get any sympathy however I'm just clueless as to what the solution is for my situation given everyone's responses. My wife and I are a young couple 2 beautiful daughters, and are well accomplished for our age however we've been stunted due to my wife's student loans. She's the first of her family to attend and graduate college, now an executive Chef at a famous fine dining restaurant (Formal dress code) at the age of 26. I'm a Network Engineer and make nearly double my wife's salary and most of the pressure has been on me to be the bread winner in order to have my family succeed. While we pay all of our debts now, exception of one of her student loans ~$80K and growing (after paying $11k in interest) and can't dent the principal, we have given up on that loan. We can't proceed on purchasing a home, with fear of the company coming back and placing a lean on any home we try to purchase, can't invest in a college plan for our children's future because we have to pay her other student loans (all private loans). She did receive scholarships as well however tuition was so high that they didn't cover 20% of her debt.
We've even resorted to moving in to her mom's basement to save money in order to take care of our student loan debts. I have to tell you as a man, this is not a comfortable situation however I swallow my pride for the sake of my wife and family. We've sought financial counseling, legal advice, and we have done extensive research online to the point where we can't touch this loan situation anymore. My wife's mother who took out the loan on her behalf knew nothing about the financial obligation her daughter would have after graduation however, despite that fact she's extremely proud of her b/c of how accomplished she is as am I. I know most situations aren't like ours however, I'm glad that there is SOMETHING on the table as a solution to private student loan debt. If you are trying to find a flaw in my story right about now please don't b/c it's all true. What are families like mine supposed to do in a situation like this? Please explain how this deal is better dead in the water than being passed? College tuition, lending institutions, and the higher education system as a whole are out of control and it's the next balloon to pop. With this plan on the table my wife and I are glad we've waited this out so far. We are regretful that we wasted $11k on this loan while not touching the principal.
This isn't a party affiliated issue (Dem, Rep, Lib, other...lol) it's a moral issue at this point about how this country's leaders plan on handling the next bailout. I don't think deep down many people disagree with this. It's an eventuality... I'm from a 3rd world country and have been pretty successful at working hard and I stand back and watch every other country (ie: china) understand the importance of education and impress that importance on the next generation and hold the current generation responsible. Too many things we take today as rights should be privileges. too many distractions, too many excuses, too much greed, not enough accountability, and simply not enough fairness. It's not until we end up like Iceland will we truly understand how to be humble. I don't live in a bubble or a Ron Paul world just can see the possibility of this country being great again if there were enough people that believed in it. why would you have two children when you cant financially support them? and why would you look for a mortgage when you cant afford the debts you already have? Even though my wife and I didn't plan on having children, we had our first daughter while still in college. Our second daughter is only 2 years of age and we did plan her birth. Both of our daughters are very well taken care of. While we did try to wait, and could've taken the abortion route, however we accepted our responsibilities and adjusted our lives and priorities. Because of her student loans, we've adjusted. We didn't put our lives on hold for 20+ years in hopes of paying off student loans before having kids. Life is our priority and even though we can try to plan things out there are times in which you have to adjust that plan. In the grand scheme of things we can pay the majority of our student loans and we do (on time at that). It's that one student loan which is out of control. As far as a mortgage is concerned again we're not putting our lives on hold. We can afford a mortgage and the additional responsibilities tied to owning a home. Given our track record are we not too entitled to providing a better living situation for our children? Do we at this point let our student loans take priority over our all of our futuristic planning? Back to the topic, this bill provides an opportunity for all. Isn't that one of this country's motto's "The land of opportunity". Why not support something like this. It will probably get amended however at least something is getting done to help out those in situation such as ours. im sorry, but your situation doesnt make me think that we should forgive student loans. quite the contrary. you have made some questionable financial decisions and it seems like you feel entitled to something you can never afford. as for the "land of opportunity" comment, that has to be a joke. because it is incredibly naive. this bill is dead in the water. it is a political stunt during an election year. it will go down the same route as the buffet rule. With Obama's constant consideration of already changing how federal loans are paid? I doubt it.
the president doesnt pass legislation. republicans control congress.
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On April 19 2012 12:06 dAPhREAk wrote:Show nested quote +On April 19 2012 12:03 kammeyer wrote:On April 19 2012 11:57 dAPhREAk wrote:On April 19 2012 11:47 DontJudgeEvery1 wrote:On April 19 2012 11:16 dAPhREAk wrote:On April 19 2012 10:55 DontJudgeEvery1 wrote:
I don't have a solution to this and have read alot of these responses. It's always easy for someone to respond to something in an ignorant matter when they can't relate to it... I can understand but cannot agree with anyone who compares today's student loan situation to his/her parents student loan situation during a time/age where the economy, job opportunities, and the country was in a financially better place. Not playing the race card, trying to get any sympathy however I'm just clueless as to what the solution is for my situation given everyone's responses. My wife and I are a young couple 2 beautiful daughters, and are well accomplished for our age however we've been stunted due to my wife's student loans. She's the first of her family to attend and graduate college, now an executive Chef at a famous fine dining restaurant (Formal dress code) at the age of 26. I'm a Network Engineer and make nearly double my wife's salary and most of the pressure has been on me to be the bread winner in order to have my family succeed. While we pay all of our debts now, exception of one of her student loans ~$80K and growing (after paying $11k in interest) and can't dent the principal, we have given up on that loan. We can't proceed on purchasing a home, with fear of the company coming back and placing a lean on any home we try to purchase, can't invest in a college plan for our children's future because we have to pay her other student loans (all private loans). She did receive scholarships as well however tuition was so high that they didn't cover 20% of her debt.
We've even resorted to moving in to her mom's basement to save money in order to take care of our student loan debts. I have to tell you as a man, this is not a comfortable situation however I swallow my pride for the sake of my wife and family. We've sought financial counseling, legal advice, and we have done extensive research online to the point where we can't touch this loan situation anymore. My wife's mother who took out the loan on her behalf knew nothing about the financial obligation her daughter would have after graduation however, despite that fact she's extremely proud of her b/c of how accomplished she is as am I. I know most situations aren't like ours however, I'm glad that there is SOMETHING on the table as a solution to private student loan debt. If you are trying to find a flaw in my story right about now please don't b/c it's all true. What are families like mine supposed to do in a situation like this? Please explain how this deal is better dead in the water than being passed? College tuition, lending institutions, and the higher education system as a whole are out of control and it's the next balloon to pop. With this plan on the table my wife and I are glad we've waited this out so far. We are regretful that we wasted $11k on this loan while not touching the principal.
This isn't a party affiliated issue (Dem, Rep, Lib, other...lol) it's a moral issue at this point about how this country's leaders plan on handling the next bailout. I don't think deep down many people disagree with this. It's an eventuality... I'm from a 3rd world country and have been pretty successful at working hard and I stand back and watch every other country (ie: china) understand the importance of education and impress that importance on the next generation and hold the current generation responsible. Too many things we take today as rights should be privileges. too many distractions, too many excuses, too much greed, not enough accountability, and simply not enough fairness. It's not until we end up like Iceland will we truly understand how to be humble. I don't live in a bubble or a Ron Paul world just can see the possibility of this country being great again if there were enough people that believed in it. why would you have two children when you cant financially support them? and why would you look for a mortgage when you cant afford the debts you already have? Even though my wife and I didn't plan on having children, we had our first daughter while still in college. Our second daughter is only 2 years of age and we did plan her birth. Both of our daughters are very well taken care of. While we did try to wait, and could've taken the abortion route, however we accepted our responsibilities and adjusted our lives and priorities. Because of her student loans, we've adjusted. We didn't put our lives on hold for 20+ years in hopes of paying off student loans before having kids. Life is our priority and even though we can try to plan things out there are times in which you have to adjust that plan. In the grand scheme of things we can pay the majority of our student loans and we do (on time at that). It's that one student loan which is out of control. As far as a mortgage is concerned again we're not putting our lives on hold. We can afford a mortgage and the additional responsibilities tied to owning a home. Given our track record are we not too entitled to providing a better living situation for our children? Do we at this point let our student loans take priority over our all of our futuristic planning? Back to the topic, this bill provides an opportunity for all. Isn't that one of this country's motto's "The land of opportunity". Why not support something like this. It will probably get amended however at least something is getting done to help out those in situation such as ours. im sorry, but your situation doesnt make me think that we should forgive student loans. quite the contrary. you have made some questionable financial decisions and it seems like you feel entitled to something you can never afford. as for the "land of opportunity" comment, that has to be a joke. because it is incredibly naive. this bill is dead in the water. it is a political stunt during an election year. it will go down the same route as the buffet rule. With Obama's constant consideration of already changing how federal loans are paid? I doubt it. the president doesnt pass legislation. republicans control congress.
You realize there has already been one forgiveness act passed last year, right? lol. Instead of 10 years, it's 20 years.
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On April 19 2012 11:55 jackalope1234 wrote:Show nested quote +On April 18 2012 09:32 Kimaker wrote:
Eh. Colleges are filled with people who shouldn't be there. That's their problem. I hope they don't forgive the loans, so the next generation won't get flooded with degrees who's value just keeps going lower and lower because everyone and their cat has a bachelors.
For everyone saying "we need education to be every more accessible" it's called the internet, books and personal ambition. You can learn SO much now even if you don't go to college as long as you're willing to take the time. You never stop learning if it's what you love.
Going to college doesn't make you smarter, it just means you can jump through hoops. Try going into a place and saying "I dont have a degree but I learned a lot online". You wont get the job you don't even have to be smart but a degree holds much more weight then a smarter person without a degree. I'm personally all for more education as the society becomes more educated that's never a bad thing the brighter individuals will always stand out.
A degree proves that you can live in society outside of a purely institutional setting, like a school, for a period of years without being cast out for complete failure to meet minimal social standards of behaviour. People that study at a college usually have to behave in a minimally civilised* fashion in order to stay enrolled. You can do what you want if you're just studying online.
*Minimal standards for civilisationinclude but are not limited to:
Pig corpse kept in room -> ok until it begins to rot
Pig corpse put in a tree facing a college full of new international students to greet them on their way to their first breakfast, or in the car of someone who has 'dissed' you -> not okay
(Actual examples - the first resulted in traumatised flatmates of the pig corpse owner, the second in disciplinary action taken by the university)
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On April 19 2012 12:06 dAPhREAk wrote:Show nested quote +On April 19 2012 12:03 kammeyer wrote:On April 19 2012 11:57 dAPhREAk wrote:On April 19 2012 11:47 DontJudgeEvery1 wrote:On April 19 2012 11:16 dAPhREAk wrote:On April 19 2012 10:55 DontJudgeEvery1 wrote:
I don't have a solution to this and have read alot of these responses. It's always easy for someone to respond to something in an ignorant matter when they can't relate to it... I can understand but cannot agree with anyone who compares today's student loan situation to his/her parents student loan situation during a time/age where the economy, job opportunities, and the country was in a financially better place. Not playing the race card, trying to get any sympathy however I'm just clueless as to what the solution is for my situation given everyone's responses. My wife and I are a young couple 2 beautiful daughters, and are well accomplished for our age however we've been stunted due to my wife's student loans. She's the first of her family to attend and graduate college, now an executive Chef at a famous fine dining restaurant (Formal dress code) at the age of 26. I'm a Network Engineer and make nearly double my wife's salary and most of the pressure has been on me to be the bread winner in order to have my family succeed. While we pay all of our debts now, exception of one of her student loans ~$80K and growing (after paying $11k in interest) and can't dent the principal, we have given up on that loan. We can't proceed on purchasing a home, with fear of the company coming back and placing a lean on any home we try to purchase, can't invest in a college plan for our children's future because we have to pay her other student loans (all private loans). She did receive scholarships as well however tuition was so high that they didn't cover 20% of her debt.
We've even resorted to moving in to her mom's basement to save money in order to take care of our student loan debts. I have to tell you as a man, this is not a comfortable situation however I swallow my pride for the sake of my wife and family. We've sought financial counseling, legal advice, and we have done extensive research online to the point where we can't touch this loan situation anymore. My wife's mother who took out the loan on her behalf knew nothing about the financial obligation her daughter would have after graduation however, despite that fact she's extremely proud of her b/c of how accomplished she is as am I. I know most situations aren't like ours however, I'm glad that there is SOMETHING on the table as a solution to private student loan debt. If you are trying to find a flaw in my story right about now please don't b/c it's all true. What are families like mine supposed to do in a situation like this? Please explain how this deal is better dead in the water than being passed? College tuition, lending institutions, and the higher education system as a whole are out of control and it's the next balloon to pop. With this plan on the table my wife and I are glad we've waited this out so far. We are regretful that we wasted $11k on this loan while not touching the principal.
This isn't a party affiliated issue (Dem, Rep, Lib, other...lol) it's a moral issue at this point about how this country's leaders plan on handling the next bailout. I don't think deep down many people disagree with this. It's an eventuality... I'm from a 3rd world country and have been pretty successful at working hard and I stand back and watch every other country (ie: china) understand the importance of education and impress that importance on the next generation and hold the current generation responsible. Too many things we take today as rights should be privileges. too many distractions, too many excuses, too much greed, not enough accountability, and simply not enough fairness. It's not until we end up like Iceland will we truly understand how to be humble. I don't live in a bubble or a Ron Paul world just can see the possibility of this country being great again if there were enough people that believed in it. why would you have two children when you cant financially support them? and why would you look for a mortgage when you cant afford the debts you already have? Even though my wife and I didn't plan on having children, we had our first daughter while still in college. Our second daughter is only 2 years of age and we did plan her birth. Both of our daughters are very well taken care of. While we did try to wait, and could've taken the abortion route, however we accepted our responsibilities and adjusted our lives and priorities. Because of her student loans, we've adjusted. We didn't put our lives on hold for 20+ years in hopes of paying off student loans before having kids. Life is our priority and even though we can try to plan things out there are times in which you have to adjust that plan. In the grand scheme of things we can pay the majority of our student loans and we do (on time at that). It's that one student loan which is out of control. As far as a mortgage is concerned again we're not putting our lives on hold. We can afford a mortgage and the additional responsibilities tied to owning a home. Given our track record are we not too entitled to providing a better living situation for our children? Do we at this point let our student loans take priority over our all of our futuristic planning? Back to the topic, this bill provides an opportunity for all. Isn't that one of this country's motto's "The land of opportunity". Why not support something like this. It will probably get amended however at least something is getting done to help out those in situation such as ours. im sorry, but your situation doesnt make me think that we should forgive student loans. quite the contrary. you have made some questionable financial decisions and it seems like you feel entitled to something you can never afford. as for the "land of opportunity" comment, that has to be a joke. because it is incredibly naive. this bill is dead in the water. it is a political stunt during an election year. it will go down the same route as the buffet rule. With Obama's constant consideration of already changing how federal loans are paid? I doubt it. the president doesnt pass legislation. republicans control congress.
Only the house. The democrats still control the senate, although in the senate you need 60% to do most stuff.
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