Grieving parents taking on student loan debt

[soulcougher73]

The only thing deep down inside that I see, is bitterness and mouth froth spitting rage.

This story has NOTHING to do with him.

Sure, he is a lender, but,.. what does that matter? If he created a thread where he told us how he was stiffed by someone who died and the cosigner was trying to get out of it, that is different. He is venting over the pitfalls of his business.

And, he is more than entitled to treat the situation as he sees fit.

But, to throw a shit storm over a news story,... JEE-ZUS. This dude has issues.

You do realize what forum you are in? This isnt "My Personal Blog" forum. Of course all these stories are going to be about others..duh.

 

[jhbball]

not true. IF you are poor you can get a government sponsored cell phone.

as for TV's i would say they are needed in today's age. Try to find a tv that is NOT a flat screen TV.

Exactly. Phones and TVs are relatively cheap. Why do conservatives want poor people to have absolutely nothing? Should they sit silently in their apartments with the lights turned off without a phone until they're super successful?

 

[Apple Of Sodom]

Oh, I know you have an issue with poor people. As I said, I have you pegged. In addition to that $1 unlimited texting plan, do you also covet their ultra shitty house/apartment in the poor part of town?

I'm a programmer, like many here. I just correctly recognize how I became successful (luck + circumstance + hard work). Unlike you (hard work only).

Chances are that I might own that shitty apartment in the poor part of town.

Maybe you should go out and see the world. The poor in America are not poor.

My formula is hard work*risk taking + luck + hardwork - being a fucking whiny pussy.

I didn't choose to be born white and male. It isn't my fault I was born to middle class parents. It isn't my fault that some of my investments turned out to be good ones. And one day it may all crumble and I may be living in a shitty apartment. But you aren't going to see a CNN story about how it is someone elses fault.

 

[waggy]

Exactly. Phones and TVs are relatively cheap. Why do conservatives want poor people to have absolutely nothing? Should they sit silently in their apartments with the lights turned off without a phone until they're super successful?

well they would be really fucking idiotic to sit in a apartment with the lights off until they are successful. thats the thinking that got them poor.

what they should do. go get a job. get a education to get a better job. work hard. '

then they can afford a cell phone plan without the taxpayers help.

 

[jhbball]

well they would be really fucking idiotic to sit in a apartment with the lights off until they are successful. thats the thinking that got them poor.

what they should do. go get a job. get a education to get a better job. work hard. '

then they can afford a cell phone plan without the taxpayers help.

You can afford $100 tv working a job at McDonalds.

 

[silverpig]

A term life insurance policy for 25 years for a healthy 18 year old for $50k of coverage will be dirt dirt cheap.

 

[BoberFett]

Oh, I know you have an issue with poor people. As I said, I have you pegged. In addition to that $1 unlimited texting plan, do you also covet their ultra shitty house/apartment in the poor part of town?

I'm a programmer, like many here. I just correctly recognize how I became successful (luck + circumstance + hard work). Unlike you (hard work only).

You should pay off that girl's college loans personally.

 

[Apple Of Sodom]

Exactly. Phones and TVs are relatively cheap. Why do conservatives want poor people to have absolutely nothing? Should they sit silently in their apartments with the lights turned off without a phone until they're super successful?

Why do you insist on calling us all conservatives and putting words in our mouth?

I pay over $100/month for my shitty AT&T plan. I work every day so I can afford it. I wouldn't have a problem with "the poor" having a basic phone with no features other than calling and having limited minutes. I do have a problem when I am paying a shitload in taxes and I see people and their families buying doritos with foodstamps and then smoking a cigarette while they text on their iPhone.

I think we make life too comfortable for people on assistance and there isn't a reason for most of them to get off of it. I used to rent to section 8 people and 90% of them had no reason to ever get off assistance and would spend their day fucking around while I worked. They would try to scam insurance companies, get jobs then "get hurt" so they could claim worker's comp and come home to sit on their $10,000 leather sectional (yes, this literally happened with one of my renters.)

So, my problem isn't about supporting the poor. My problem is giving them every amenity and then faulting them for not wanting to do more with their life.

 

[nehalem256]

I'm a programmer, like many here. I just correctly recognize how I became successful (luck + circumstance + hard work). Unlike you (hard work only).

I didn't realize that having 3 bastard kids with no fathers, taking out $100,000 in student loans to buy drugs, and then dying from said drugs constituted "bad luck"

 

[jhbball]

Chances are that I might own that shitty apartment in the poor part of town.

Maybe you should go out and see the world. The poor in America are not poor.

My formula is hard work*risk taking + luck + hardwork - being a fucking whiny pussy.

I didn't choose to be born white and male. It isn't my fault I was born to middle class parents. It isn't my fault that some of my investments turned out to be good ones. And one day it may all crumble and I may be living in a shitty apartment. But you aren't going to see a CNN story about how it is someone elses fault.

LOL. We've got an alpha-male apartment owner over here. Impressive stuff.

No, you didn't choose to be born a white male, born to middle class family. Neither did I. I just acknowledge where I came from. You don't.

PS, this thread is an example of you being a "whiny pussy". LOL.

 

[BoberFett]

You can afford $100 tv working a job at McDonalds.

Wait, I thought people working at McDonald's couldn't even afford to eat, which is your reason for raising the minimum wage. Now they can afford TVs? Make up your minds, lefty loonies.

 

[jhbball]

I didn't realize that having 3 bastard kids with no fathers, taking out $100,000 in student loans to buy drugs, and then dying from said drugs constituted "bad luck"

Wow, this post doesn't even mention women, or how you hate them. New personal best?

 

[waggy]

You can afford $100 tv working a job at McDonalds.

and what does that have anything to do with what i said?

though a job at McDonalds is a great start. they should use that to get a education at a CC or learn a trade. Get a better job and work hard. again then they won't need my taxes to get that shitty TV or cell phone plan.


though when they are successful they shouldn't cosighn for anyone UNLESS THEY CAN AFFORD IT. you know in-case they die or something and can't pay

 

[Londo_Jowo]

A term life insurance policy for 25 years for a healthy 18 year old for $50k of coverage will be dirt dirt cheap.

True however, as soon as the insurance company found out the death was due to drug abuse or liver failure due to drug abuse they would cite clauses that releases them from payment for drug abuse related deaths.

 

[jhbball]

Wait, I thought people working at McDonald's couldn't even afford to eat, which is your reason for raising the minimum wage. Now they can afford TVs? Make up your minds, lefty loonies.

Bober, coming to stir the pot!

 

[nehalem256]

Wow, this post doesn't even mention women, or how you hate them. New personal best?

Someone seems butt hurt.

Not my fault that the media continually likes to trot out stories of women failing due to their own poor life choices.

Well I guess it does tend to trot out stories of men failing due to their own poor life choices, but those men tend to end up in prison.

 

[jhbball]

Someone seems butt hurt.

Not my fault that the media continually likes to trot out stories of women failing due to their own poor life choices.

Well I guess it does tend to trot out stories of men failing due to their own poor life choices, but those men tend to end up in prison.

My butt is feeling fine, actually.

 

[LegendKiller]

You can afford $100 tv working a job at McDonalds.

You have a right to life, liberty, and the *pursuit* of happiness. Not the "handout" of happiness. Not the right of TV.

Before my dad got a full-time job out of college he worked 3 part time jobs, my mom did the same, because they refused to go on assistance. They didn't have insurance and had 1 kid at the time, later 3. They lived in a small apartment and listened to the radio since they couldn't afford a TV.

I don't give a flying fuck through a rolling donut that people can't afford a TV, or a cell phone, that's life.

 

[jhbball]

You have a right to life, liberty, and the *pursuit* of happiness. Not the "handout" of happiness. Not the right of TV.

Before my dad got a full-time job out of college he worked 3 part time jobs, my mom did the same, because they refused to go on assistance. They didn't have insurance and had 1 kid at the time, later 3. They lived in a small apartment and listened to the radio since they couldn't afford a TV.

I don't give a flying fuck through a rolling donut that people can't afford a TV, or a cell phone, that's life.

Wow, they owned a radio? What lazy pieces of shit.

 

[Apple Of Sodom]

LOL. We've got an alpha-male apartment owner over here. Impressive stuff.

No, you didn't choose to be born a white male, born to middle class family. Neither did I. I just acknowledge where I came from. You don't.

PS, this thread is an example of you being a "whiny pussy". LOL.

I own a lot of stuff, my friend. I have diversified and taken a lot of risk. It has taken a long time to get here and I still have to work 7 days a week. Hopefully it pays off.

And yes, I full acknowledge that I was born lucky. As was every single American, white, black or other, male, female, handicapped or not. To be born in America is a blessing.

To paraphrase Louis CK - while I didn't choose to be born a white male, if given the option I would re-up each year.

 

[LegendKiller]

And as far as this student loan brouhaha....

Dischargability of student loans existed before, it was abused, but that abuse can be curtailed significantly through bankruptcy requirement and oversight of which people get the discharge. The immediate ability to repay is less important than the long-term ability.

The problem with student loan lending is that the equation is asymmetrical. I can lend you unlimited amounts of money and all I take is payment risk, not credit risk. When you pay, not if. However, I take no responsibility for how much I lend you, it is all your responsibility.

That, ladies and gentlemen, is a broken system. Lending requires both the lender *and* borrower to acknowledge the risk, otherwise the lender's sole motivation is to get as much money as possible from you, hence student loans.

This is also part of the reason why tuition is so high. Under the prior systems states funded the schools and the USG lent out some money. State legislators had oversight into the school's budget. Under the current system the state funds much, much, less and has less oversight. The schools get the money from somewhere, so they turned on the bottomless barrel of federal spending. They don't care if the students default, they already got their money, and they aren't on the hook for shitty degrees.

This is why the US government long-term default projection is 20%+, why more than 40% aren't paying (excl. in school) and why those in repayment have a 15%+ severe delinquency rate.

People treating this as an interest rate problem are getting this wrong. It is a tuition problem and that is caused by the structure of student loans.

 

[LegendKiller]

Wow, they owned a radio? What lazy pieces of shit.

It's called living within your means.

 

[Apple Of Sodom]

Wow, they owned a radio? What lazy pieces of shit.

Do you realize that you add nothing to the conversation? You simply attack people. It is the definition of trolling. I suppose it may be fun for you, but I want you to know how truly worthless your input is.

 

[werepossum]

Shit kicking conservative has the inability to empathize. Color me surprised.

Dang - you should have said something before I colored you stupid. Now it's too late, as surprised on top of stupid still looks stupid.

pretty much... I'd only cosign on a loan of I could feasibly pay it off in cash if I really had to, for whatever reason.

eg: if my boyfriend needed a cosigner on a used beater car for $5-7.5k so he could get to work, I'd probably cosign that; if he wanted a cosigner on a 30k car, I'd have to awkwardly decline.

As is only smart and responsible.

Something else that many people are missing is that these programs need to exist in perpetuity. If lenders irresponsibly handle the money, there will not be money for future students. That's why borrowers such as this young lady need cosigners and why lenders aren't going to simply forgive a hundred grand. Especially a hundred grand spent on raising illegitimate children and abusing prescription drugs.

 

[werepossum]

And as far as this student loan brouhaha....

Dischargability of student loans existed before, it was abused, but that abuse can be curtailed significantly through bankruptcy requirement and oversight of which people get the discharge. The immediate ability to repay is less important than the long-term ability.

The problem with student loan lending is that the equation is asymmetrical. I can lend you unlimited amounts of money and all I take is payment risk, not credit risk. When you pay, not if. However, I take no responsibility for how much I lend you, it is all your responsibility.

That, ladies and gentlemen, is a broken system. Lending requires both the lender *and* borrower to acknowledge the risk, otherwise the lender's sole motivation is to get as much money as possible from you, hence student loans.

This is also part of the reason why tuition is so high. Under the prior systems states funded the schools and the USG lent out some money. State legislators had oversight into the school's budget. Under the current system the state funds much, much, less and has less oversight. The schools get the money from somewhere, so they turned on the bottomless barrel of federal spending. They don't care if the students default, they already got their money, and they aren't on the hook for shitty degrees.

This is why the US government long-term default projection is 20%+, why more than 40% aren't paying (excl. in school) and why those in repayment have a 15%+ severe delinquency rate.

People treating this as an interest rate problem are getting this wrong. It is a tuition problem and that is caused by the structure of student loans.

Excellent points.