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Grieving parents taking on student loan debt

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Apple Of Sodom said:
Why don't you open your own lending institution then?

Again, it is really easy to pray for forgiveness when it isn't your money. Why don't you lend me a few thousand bucks? I get to pay it back if I feel like it. If anything bad* happens to me then I don't have to.

*Bad is subjective and can mean anything from death in the family to my theater receiver going out and needing replaced.
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Because I am not in that business.

Nor will I dictate how anyone runs their business. Neither will I instruct anyone how to deal with the loss of their family.

Bottom line; none of this is your problem.

But, you feel it is necessary to pick this story and rage over it, because hur dur dur.

Turn it off, no one wants to hear a defective alarm.
 
Apple Of Sodom said:
http://money.cnn.com/2014/07/28/pf/parents-student-loans/index.html?hpt=hp_t2

Man's daughter dies of liver failure at age 27. She was in nursing school and had $100K in student loans that he co-signed for. Now he has to pay.

Another student was murdered and had $40K in student loan debt that his parents co-signed for. While they were able to get 150,000 people to sign a petition to have the lender forgive debt the lender didn't. (duh)

-----

Why the fuck would you think this should all be forgiven? And who goes $100K in debt to get a fucking NURSING degree. Most nurses have an associates, btw. Some go for a bachelors degree, sure. But it is sufficient to have two years of schooling to become a nurse.

As for the people who got 150,000 signatures: if everyone who signed the petition would have given them a measly quarter then they would have nearly been able to pay the debt off.

I know it tugs at the heart strings but I sure am sick and tired of people making poor decisions and then crying about it later on. Here is an idea: if you want to lend students money at zero or low interest and allow forgiveness then why not start your own lending company?
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You could say that about most degrees costing over $100k. It also doesn't state exactly what degree she is getting. She could have been getting a CRNA or NP degree.

Personally, I think it is ridiculous for any undergrad degree to cost that much though.
 
Strk said:
You could say that about most degrees costing over $100k. It also doesn't state exactly what degree she is getting. She could have been getting a CRNA or NP degree.

Personally, I think it is ridiculous for any undergrad degree to cost that much though.
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I doubt her degree cost that much. Single mom with three kids was most likely living off student loans since you don't have to repay them until you graduate.
 
Newell Steamer said:
Because I am not in that business.

Nor will I dictate how anyone runs their business. Neither will I instruct anyone how to deal with the loss of their family.

Bottom line; none of this is your problem.

But, you feel it is necessary to pick this story and rage over it, because hur dur dur.

Turn it off, no one wants to hear a defective alarm.
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Then what the fuck is the point of discussion and this entire thread? You have added nothing except your poignant gruntings. Do you think you are clever?

You missed the whole fucking point. You aren't in the loaning business so it is really easy to say to forgive it. When it is your money, or your shareholders money, it is a different story. Source: I've loaned plenty of money.

I am "raging" over it because it was front page fucking news on CNN and tries to pull at the heart strings. "Oh, she died so I shouldn't have to pay for her loan I signed for..."

This is politics and news. This is what the fuck people do here.
 
I work in education. I have also had an education loan. Before you get the money you have to complete online on a federal website a class explaining how federal student loans work. Then you have to complete some questions showing you know what you were required to learn. Student loans can not be forgiven and that is part of the education you have to learn and answer questions about. There is no excuse. Before you borrow thousands of dollars or hundreds of thousands of dollars you should be prepared to pay it off.

On the flip side lets say you cant pay it all back . . . .
There is a possibility that you can pay back a set amount every month in an attempt to pay it back. I think after 20 years sometimes the government will write it off. However, I have seen articles online on the Internet where the federal government went after some people who owed money on student loans and were able to confiscate part of the person's Social Security.

If you purchased a house for $150,000.00 the You would expect the bank to come after you and foreclose on your property. It is logical to expect the federal government to want their money back.

If you don't want this to happen to you don't cosign on a loan.
 
I would like to say that my community college offers a Nursing Program which is a 2 year program to earn a RN license. It does not cost $100k.
 
Apple Of Sodom said:
That is really mature. I appreciate your point of view. This open discussion and your valid points have helped me deepen my understanding and broaden my view of the world. I feel like I should co-sign a loan for you to show how truly appreciative I am of this knowledge you have imparted.
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Shit kicking conservative has the inability to empathize. Color me surprised.
 
piasabird said:
I work in education. I have also had an education loan. Before you get the money you have to complete online on a federal website a class explaining how federal student loans work. Then you have to complete some questions showing you know what you were required to learn. Student loans can not be forgiven and that is part of the education you have to learn and answer questions about. There is no excuse. Before you borrow thousands of dollars or hundreds of thousands of dollars you should be prepared to pay it off.

On the flip side lets say you cant pay it all back . . . .
There is a possibility that you can pay back a set amount every month in an attempt to pay it back. I think after 20 years sometimes the government will write it off. However, I have seen articles online on the Internet where the federal government went after some people who owed money on student loans and were able to confiscate part of the person's Social Security.

If you purchased a house for $150,000.00 the You would expect the bank to come after you and foreclose on your property. It is logical to expect the federal government to want their money back.

If you don't want this to happen to you don't cosign on a loan.
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This woman took out private loans, which are thoroughly horrible.
 
Apple Of Sodom said:
I still don't know why a responsible father would sign for the loan and then let it grow to $100K for a nursing degree? I am guessing she was using student loans to pay living expenses too. Rent, food, diapers, etc. Again, not my fucking problem. It is sad she died but she was also 27 years old and knew a lot better than to do what she was doing.
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You do realize you are talking about a 27 year old single mom of three kids whose baby daddies are apparently so out of the picture that her parents have to take in her kids?
 
nehalem256 said:
Having a life insurance policy when you have 3 dependent, apparently fatherless children, would seem to be an excellent idea.
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sure does. but lets look at this ladies choices she has made.

1st 3 kids without a father. hmm great idea.

2 100k in debt FOR NURSING.

do you really think she was smart enough to get life insurance?



Sucks for the father. there is a reason why you don't co-sign for shit. IF you can't afford the bill don't co-sign.


No i do not think the debt should be discharged.
 
He co-signed for the debt. It is his responsibility. That said, I really would like to see some kind of regulation on private student loan debt that limits fee's and interest rates so balances dont double in a matter of a few years. It puts people into a death spiral from which they can never hope to recover.
 
Apple Of Sodom said:
Then what the fuck is the point of discussion and this entire thread? You have added nothing except your poignant gruntings. Do you think you are clever?

You missed the whole fucking point. You aren't in the loaning business so it is really easy to say to forgive it. When it is your money, or your shareholders money, it is a different story. Source: I've loaned plenty of money.

I am "raging" over it because it was front page fucking news on CNN and tries to pull at the heart strings. "Oh, she died so I shouldn't have to pay for her loan I signed for..."

This is politics and news. This is what the fuck people do here.
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So, you would not forgive this loan. What is it to you about what the other lender does with his money?

/thread
 
waggy said:
Sucks for the father. there is a reason why you don't co-sign for shit. IF you can't afford the bill don't co-sign.
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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.
 
Newell Steamer said:
So, you would not forgive this loan. What is it to you about what the other lender does with his money?

/thread
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fuck no i wouldn't forgive the loan. A business is to make money and keep its shareholders happy. they are happy with profit.

Sorry she died and the father has to pay the bills.


how is that the lenders problem?
 
loki8481 said:
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.
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/this

I have turned down a few family members over it. sorry not going to co-sign for you. There is a reason you need a one and i'm not getting stuck with a car payment i don't want.
 
Harrod said:
Apparently she died due to prescription drug abuse.

http://www.abqjournal.com/39125/news/doc-faces-two-more-pain-pill-complaints.html
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at first i was going to blame the doctor. he prescribed FAR FAR to much. but then i remember she is a nurse.

In the 113 days before her death, Mason filled prescriptions for 240 hydrocodone tablets, 418 OxyContin tablets, and 1,692 tablets of oxycodone, the lawsuit states. Mason was taken by ambulance to the hospital from her home on Dec. 27, 2009, and was pronounced dead two days later.

holy shit..

that is a insane amount. 20ish pills a day? wow
 
waggy said:
at first i was going to blame the doctor. he prescribed FAR FAR to much. but then i remember she is a nurse.

In the 113 days before her death, Mason filled prescriptions for 240 hydrocodone tablets, 418 OxyContin tablets, and 1,692 tablets of oxycodone, the lawsuit states. Mason was taken by ambulance to the hospital from her home on Dec. 27, 2009, and was pronounced dead two days later.

holy shit..

that is a insane amount. 20ish pills a day? wow
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So really she effectively died of drug abuse.
 
waggy said:
at first i was going to blame the doctor. he prescribed FAR FAR to much. but then i remember she is a nurse.

In the 113 days before her death, Mason filled prescriptions for 240 hydrocodone tablets, 418 OxyContin tablets, and 1,692 tablets of oxycodone, the lawsuit states. Mason was taken by ambulance to the hospital from her home on Dec. 27, 2009, and was pronounced dead two days later.

holy shit..

that is a insane amount. 20ish pills a day? wow
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was she trying to keep an elephant sedated in her back yard? FFS im amazed she didn't OD sooner
 
Apple Of Sodom said:
Does it make you feel better to pigeon hole and call names?

Hint: I'm not a conservative. I think gays are equal, abortions are personal, and that we should help the truly poor.
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Excellent. I was misguided but now I can stop giving to the charities that help the poor. They'll be grateful to you.
 
waggy said:
In the 113 days before her death, Mason filled prescriptions for 240 hydrocodone tablets, 418 OxyContin tablets, and 1,692 tablets of oxycodone, the lawsuit states. Mason was taken by ambulance to the hospital from her home on Dec. 27, 2009, and was pronounced dead two days later.
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Anyone know what the cost of something like that would be? I'd ask my wife, but she's not a retail pharmacist, plus she'd probably give me a weird look.
 
waggy said:
fuck no i wouldn't forgive the loan. A business is to make money and keep its shareholders happy. they are happy with profit.

Sorry she died and the father has to pay the bills.

how is that the lenders problem?
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Problem in the sense of how he deals with it - not forgiving it defacto because she passed away.

He could forgive it, he could send the sheriff to the graveyard and arrest her. It is the lenders discretion.
 
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