tag:blogger.com,1999:blog-3758330678390419129.post6362520210702312797..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: First Indication that Treasury is Serious about Student Loans Being Paid BackRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-3758330678390419129.post-81884432840385407392013-01-04T10:21:48.946-05:002013-01-04T10:21:48.946-05:00If this app they speak of actually has a good chan...If this app they speak of actually has a good chance of taking the student loan burden off our students, it's going to be a good help for the kids; might even make them perform better because they can focus on school work and not paying off debts.Andrea Thomashttp://www.buzztalkland.com/author/andreatm.htmlnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-80112477773970975032012-11-06T06:05:26.018-05:002012-11-06T06:05:26.018-05:00Sometimes i wish i never went to college Sometimes i wish i never went to college Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-36983887102857395552012-10-30T18:58:08.129-04:002012-10-30T18:58:08.129-04:00Are you saying this additional bailout has no bene...Are you saying this additional bailout has no benefit to the debtors and no cost to the taxpayers? Give me (or even just forgive me) $50k or so, and I will be happy to pay taxes on it come April 15. "The whole story" you want told is a government that is redistributing the wealth of responsible ones to the majority. It can't and won't last forever. To hell with it and people mehttps://www.blogger.com/profile/17368694860015448869noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-89123082836648051712012-10-29T10:34:50.892-04:002012-10-29T10:34:50.892-04:00The reason student loans are different from busine...The reason student loans are different from business bankruptcies, is that in most cases the Federal Government made loan guarantees on those students loans (if not direct loans from the Federal Government), so the taxpayer is on the hook for the defaults. <br /><br />Generally, business bankruptcies do not involve taxpayer money or guarantees, unless, of course, it's a bailout of the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-10769575761742850892012-10-04T14:05:24.398-04:002012-10-04T14:05:24.398-04:00An education at a top school can cost $100,000. S...An education at a top school can cost $100,000. Students graduating recently are at the 50% unemployment rate because greedy corporations want "experienced workers". They have billions in cash, but refuse to spend even a couple million to train new recruits. Or, they force new hires to sign on as unpaid interns. So what hope do these kids have of ever getting out of "debt Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-57733197405011721112012-10-04T00:47:23.022-04:002012-10-04T00:47:23.022-04:00The main thing to remember is that when private ba...The main thing to remember is that when private banks were making "guaranteed student loans", college was affordable. Now the government grants the loans and services them. This has led to the rapid rise in college tuition. So when a presidential candidate still stumps with "We will make education more affordable.", watch out. Also still promising affordable housing and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-16171731577784109802012-10-03T23:58:36.138-04:002012-10-03T23:58:36.138-04:00Some of the dumbest persons I know have degrees.Some of the dumbest persons I know have degrees.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-85295953628713564652012-10-03T22:10:02.699-04:002012-10-03T22:10:02.699-04:00You are leaving out the part where the "forgi...You are leaving out the part where the "forgiven" portion is imputed to you as income in the year that it is forgiven, and then you owe the IRS income tax on it. (Presumably due immediately...as in the next APril 15th.) And on the IBR, you may end up at a higher balance than you started with, so that tax may be a pretty tough nut to come up with. <br /><br />Tell the whole story.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-23803342723588673312012-10-03T20:26:29.524-04:002012-10-03T20:26:29.524-04:00be very carefull about student loan consolidation....be very carefull about student loan consolidation..get all the ends and outs...12 or so years ago i consolidated 42000. in student loans which had grown to 56000. with interest at 8.25percent..W.T.Ford tacked on 18000. in collection cost so the beginning balance on my loan was now 74000. startled me obviously...should have read the terms better. from 56000. to 74000. overnite just becuase i did Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-26303981461298040652012-10-03T19:05:50.599-04:002012-10-03T19:05:50.599-04:00It's scary to think of all of these students o...It's scary to think of all of these students out there who feel that the gov't should forgive their student debt; our children and young people (and many adults who should know better) are increasing their sense of entitlement. Whatever happened to personal responsibility? I paid my way through school by working, as many people have done. Taking out a huge loan and just going to school Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-14521903270630052502012-10-03T19:04:52.271-04:002012-10-03T19:04:52.271-04:00The law was changed during the Bush 2 administrati...The law was changed during the Bush 2 administration. Before, a student could declare bankruptcy like anyone else who was in completely over their head and get a chance to start over - without credit, but get a fresh start.<br /><br />Airlines declare bankruptcy. Congressmen and women declare bankruptcy. Businesses everywhere do. Homeowners can. Why are students singled out for debtor's Unknownhttps://www.blogger.com/profile/04802067240597311505noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-25817164458608749822012-10-03T18:44:47.843-04:002012-10-03T18:44:47.843-04:00What has really sucked in the last go around with ...What has really sucked in the last go around with Student Loan indebtedness is the gun-to-the-head tactics of the powers to be to decide how much responsibility the parents MUST shoulder before they will enable their now hostaged children to be allowed to obtain the education they want to succeed in their future careers (the children's). I can't make this up...the legislators that can&#Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-76217166549276272542012-10-02T12:35:12.798-04:002012-10-02T12:35:12.798-04:00But there is already a student loan bailout, two o...But there is already a student loan bailout, two of them actually. One is income-based repayment (pay what you can and we will forgive the rest) and the other is the Public Service Loan Forgiveness program (work for govt or nonprofit and make payments for 10 years, then they forgive the rest). Of course this is forgiveness in the future, and just like spending cuts in the future it may change Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-16191726091499887272012-10-02T11:59:33.238-04:002012-10-02T11:59:33.238-04:00Don't worry student loan debtors. Some future ...Don't worry student loan debtors. Some future demagogue will buy a few million votes in a close presidential race by signing an executive order relieving student loan debtors of their repayment obligation. Result: The corrupt "news" media will hail the policy as enlightened and compassionate and victory will be assured for another socialist hack. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-32771776803893771662012-10-02T11:42:07.411-04:002012-10-02T11:42:07.411-04:00HAHAHAHAAHHA! Let me get this straight... The Trea...HAHAHAHAAHHA! Let me get this straight... The Treasury that bleeds $1.2 trillion a year... no wait... The Treasury, headed by a tax cheater... they know best how their subjects should manage their finances... and they're going to spend other people's money on bringing that "solution" to light. <br /><br />Wow. Thanks guys.Anonymousnoreply@blogger.com