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Reply to "SCOTUS on Student Loan 9 - 0"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Common damn sense. You take out debt, sign a contract agreeing to pay, therefore you pay when the bill comes due. Not sure why this common sense idea needed to go all the way to the SC. No one owes you for taking out debt due to your own free will. The govt can't block lenders from receiving payments in accordance with an agreed upon contract. Pay your damn bills.[/quote] I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors. [/quote] Take your concerns up with Obama. That all started under his "genius" plan. [/quote] Interesting…. because I went to grad school when Bush was president so, I’m not sure what Obama started that impacts me here. [/quote] Did you take a private loan?[/quote] There was a small portion that was private and those were quickly paid off. The overwhelming majority of my loans were FFELP which if they were still intact would have been already removed from forgiveness last fall. I’m just pointing out that this pay for what you owe bullsh*t argument ignored compounding annual interest that turned my loan into an 80% interest rate instead of 6.25% I signed on for. [/quote] Your argument is with compounding annual interest??? Every product you buy on credit is subject to compounding annual interest. [/quote] Seriously? Buying a TV is different than getting an education. [/quote]
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