Topic: / - page 2. (Read 2603 times)
Why are most student's having trouble paying loans when at the time they looked into going to school they all were told this move would improve their lives because of a better job that will pay way more which says you can pay for the loans because you will be making more money with your new job skills? Baloney!! It's pretty common knowledge that most of these school's and their programs are a joke. It's all about the money and the Gov knows these school's are taking everyone for a ride, but they are dragging their feet as usual in doing anything about it.
Student debt is the next big bubble burst. University prices across the board have been inflating at astronomical rates, and people have to pay it. They need a degree to get a job in this crappy job market. The thing that really pisses me off is that once again the average person is both f'ed buy private individuals getting rich, and when the floor falls out once again the tax payer is left with the bill.
I think Jon Stewart said it best: In America we have socialism for the rich and capitalism for everyone else.
I am not surprised that the government is picking up the bill, but it is really unfortunate. Where is my bailout when my business goes belly up? Why do only super rich get backed by the government? It is just sad. These private universities, and their creditors, should have to take the loss on loan defaults. Plain and simple.
I think Jon Stewart said it best: In America we have socialism for the rich and capitalism for everyone else.
I am not surprised that the government is picking up the bill, but it is really unfortunate. Where is my bailout when my business goes belly up? Why do only super rich get backed by the government? It is just sad. These private universities, and their creditors, should have to take the loss on loan defaults. Plain and simple.
This is just the tip of the iceberg..
http://www.nytimes.com/2015/06/10/opinion/help-for-victims-of-college-fraud.html?ref=topics
http://www.huffingtonpost.com/2015/06/08/corinthian-loan-debt_n_7539122.html
http://www.nytimes.com/2015/06/10/opinion/help-for-victims-of-college-fraud.html?ref=topics
http://www.huffingtonpost.com/2015/06/08/corinthian-loan-debt_n_7539122.html
Quote
WASHINGTON (AP) — The federal government will erase much of the debt of students who attended the now-defunct Corinthian Colleges, officials announced Monday, as part of a new plan that could cost taxpayers as much as $3.6 billion.
As I understand it, it isn't really optional to pay off your loans, so you can try to pay back as little as possible, but can't just stop!
Shouldn't they just put a statute on it and say after 20 years they expire?
This is just the tip of the iceberg..
http://www.nytimes.com/2015/06/10/opinion/help-for-victims-of-college-fraud.html?ref=topics
http://www.huffingtonpost.com/2015/06/08/corinthian-loan-debt_n_7539122.html
http://www.nytimes.com/2015/06/10/opinion/help-for-victims-of-college-fraud.html?ref=topics
http://www.huffingtonpost.com/2015/06/08/corinthian-loan-debt_n_7539122.html
Quote
WASHINGTON (AP) — The federal government will erase much of the debt of students who attended the now-defunct Corinthian Colleges, officials announced Monday, as part of a new plan that could cost taxpayers as much as $3.6 billion.
What are the requirements to get a student loan?
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