Grieving parents taking on student loan debt

[waggy]

LOL, there it is. I knew I had you pegged.

and this is the thought that gets a fucking women into 100k debt over a nursing degree..

hard work and elbow grease? thats bad!

sigh

 

[Apple Of Sodom]

He is totally entitled to run his business as he sees fit - so long as laws are not broken.

What I don't get, is why he has gone ape shit slinging crazed, over what another lender does/doesn't do with this debt. It is not his business. It is not his money.

Where did I go ape-shit? If the company decides to forgive the debt I think that is great. Just like if a surgeon forgives the bill for someone. My problem is the whining. "Oh, I'm a pastor and I only make $75K (TAX FREE!) and I can't afford it..." THAT is my problem.

 

[glenn1]

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?

You're acting like this is some souless megabank who lent the money. The federal government muscled the banks out of the studend loan business some time ago and now have 90% or so market share. And federal student loans aren't dischargable in bankruptcy or any other way either since Uncle Sam is going to get his share and sure as hell ain't going to eat the federal guarantee just because this girl died.

 

[waggy]

Could you expound on this? I'm missing your point.

agreed. he is going off on him because he works hard, and pays over min wage. gotta admit its not very good argument to take..

 

[Newell Steamer]

It's the typical conservative deep-down selfishness on display here, mixed with the inability to empathize. It's similar to conservatives crying that poor people have cell phones and flat screen TVs.

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.

 

[highland145]

It's the typical conservative deep-down selfishness on display here, mixed with the inability to empathize. It's similar to conservatives crying that poor people have cell phones and flat screen TVs.

Are you claiming that as selfish as AoS is (supposedly), you're equally selfless but just with other people's $$?

 

[waggy]

You're acting like this is some souless megabank who lent the money. The federal government muscled the banks out of the studend loan business some time ago and now have 90% or so market share. And federal student loans aren't dischargable in bankruptcy or any other way either since Uncle Sam is going to get his share and sure as hell ain't going to eat the federal guarantee just because this girl died.

err it was a private loan...so yeah they could discharge it..

 

[dphantom]

It's the typical conservative deep-down selfishness on display here, mixed with the inability to empathize. It's similar to conservatives crying that poor people have cell phones and flat screen TVs.

If you can afford cell phones and flat screen tvs, you are not poor.

 

[Newell Steamer]

Where did I go ape-shit? If the company decides to forgive the debt I think that is great. Just like if a surgeon forgives the bill for someone. My problem is the whining. "Oh, I'm a pastor and I only make $75K (TAX FREE!) and I can't afford it..." THAT is my problem.

Your OP is full of fuck this and fuck that.

You are one angry person.

And, this is not your problem. You are not the pastor, and the pastor does not owe you any money.

Tone it down dudebro.

 

[highland145]

You're acting like this is some souless megabank who lent the money. The federal government muscled the banks out of the studend loan business some time ago and now have 90% or so market share. And federal student loans aren't dischargable in bankruptcy or any other way either since Uncle Sam is going to get his share and sure as hell ain't going to eat the federal guarantee just because this girl died.

Don't worry. When the student loan bailout happens, we'll all get to help with the students debts.


Man, I hope not though.

 

[highland145]

Your OP is full of fuck this and fuck that.

You are one angry person.

And, this is not your problem. You are not the pastor, and the pastor does not owe you any money.

Tone it down dudebro.

Do you even lift?


:biggrin:

 

[werepossum]

obviously a shitty situation, but he cosigned on the loans and she attended school on that loaned money.

moral of the story: don't cosign on loans you aren't prepared to repay yourself.

This, exactly.

 

[dphantom]

Your OP is full of fuck this and fuck that.

You are one angry person.

And, this is not your problem. You are not the pastor, and the pastor does not owe you any money.

Tone it down dudebro.

Why are you so angry?

 

[soulcougher73]

Man if we only had tax payer funded colleges we wouldnt have this kind of story.

 

[Theb]

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

Well that explains the $100k of debt.

 

[desy]

Well
Co-signed loans means they are responsible.
Shoulda had insurance, didn't he realized his daughter was a drug addict?
Three kids? again insurance, clearly not a responsible scenario
So, the loan shouldn't be forgiven and I suspect the family will either pay off the debt or declare bankruptcy.

People will have lots of empathy however their is the underlying PERSONAL REPONSIBILITY issue here. The bank loaned the money in good faith the family let it spiral out of control.
Sad story.

 

[Newell Steamer]

Why are you so angry?

Why are you so angry?

 

[Londo_Jowo]

You're acting like this is some souless megabank who lent the money. The federal government muscled the banks out of the studend loan business some time ago and now have 90% or so market share. And federal student loans aren't dischargable in bankruptcy or any other way either since Uncle Sam is going to get his share and sure as hell ain't going to eat the federal guarantee just because this girl died.

Not to mention the Federal government will get their money via garnishing checks and tax refunds.

 

[Wreckem]

You're acting like this is some souless megabank who lent the money. The federal government muscled the banks out of the studend loan business some time ago and now have 90% or so market share. And federal student loans aren't dischargable in bankruptcy or any other way either since Uncle Sam is going to get his share and sure as hell ain't going to eat the federal guarantee just because this girl died.

Ummm the federal student loans do not have co-singers. These aren't parent plus federal loans either. Why? Because if it were a Parent Plus loan, the debt would be discharged upon death of the student. These are clearly private student loans(and the article even states as much). The federal govt squeezed out the middle men on federal student loans. Cutting out the unecessary middle man in federal student loans saved the federal govt a lot of money. The Federal govt did nothing to the shark infested private student loan business.

And for the record ALL federal student loan debt is discharged upon death of the borrower. If you have a federal student loan and die the debt is discharged and your estate does not pay any of the debt. However under current IRS regs, the discharge is considered debt forgiveness and the estate will have to pay taxes on the amount discharged. Bottom line is, if a student dies, their federal loans or their parents plus loans, are discharged.

Here is an example.

A lawyer with $150k in federal loans is married. The lawyer dies. The government discharges the $150k in loans upon receipt of the death certificate. The wife nor the estate pays any of the loans. However, the IRS will collect the taxes due on the $150k of forgiven debt.

An example with private student loans

A lawyer has $150k in private student loans. He is married and dies. What happens next depends on if he lives in a community property state, has co-signers, etc. If he lives in a community property state, and the loans were all taken out when married, the wife is 100% liable for the entire debt. If there is a co-signer, the co-signer is 100% liable for the debt. If neither of the above apply, the estate pays debt in order of priority, so the lender could compensated with nothing to in full depending on the borrowers assets. The odds are unless there is a co-signer, a private student loan lender is getting almost nothing if a borrower dies.

 

[jhbball]

If you can afford cell phones and flat screen tvs, you are not poor.

Looks like I've found another one.

 

[Apple Of Sodom]

It's the typical conservative deep-down selfishness on display here, mixed with the inability to empathize. It's similar to conservatives crying that poor people have cell phones and flat screen TVs.

Can you tell me what you do for a living? How many people do you employ? How much do you pay in taxes?

I do have an issue with poor people having flat scren TVs and cell phones. I work everyday to afford what I have and it does make me a little upset when I hear for $1 a month you can get unlimited talk and text if you are poor. What does the ability to text have to do with getting a job?

 

[waggy]

If you can afford cell phones and flat screen tvs, you are not poor.

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.

 

[jhbball]

Can you tell me what you do for a living? How many people do you employ? How much do you pay in taxes?

I do have an issue with poor people having flat scren TVs and cell phones. I work everyday to afford what I have and it does make me a little upset when I hear for $1 a month you can get unlimited talk and text if you are poor. What does the ability to text have to do with getting a job?

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).

 

[Apple Of Sodom]

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.

Again, this is the point of this entire forum. Every fucking thread on here is a news story about other shit.

And because I have lent money doesn't make me a lender. I have loaned substantial amounts of money to people for near 0 interest, but I do not work for a bank or lending institution.

I was venting over this asshole crying foul on CNN because he isn't taking care of his obligations.

 

[Newell Steamer]

I was venting over this asshole crying foul on CNN because he isn't taking care of his obligations.

None of which concern/affect you.

Now, if you'll excuse me, I'll go create a rage soaked thread about Fraud and Maleficence In Railroad Hiring Practices.