Reply to Insane Generation-Z Graduation Debt of $400,000

Forum Index » Money and Finances

Reply to "Insane Generation-Z Graduation Debt of $400,000"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't believe any student loans should be dischargeable in bankruptcy.  There are so many options for higher education and [b]taxpayers should not be forced to support individual decision[/b]s.  https://www.forbes.com/sites/zackfriedman/2018/06/18/bankruptcy-student-loans/#62443eb844f8

Nor should there be loan forgiveness after specified periods of repayment.  The only exception on reduction should be for amounts based on costs of community college and public institutions when a borrower has 20 years of service/employment in a govt job, police, or public schools.

But again the forgiveness amount should not be based on amount borrowed if the borrower chose to attend an expensive private school.  [/quote]

I agree with this. It's arguably reasonable to offer it for attendance at public institutions for undergrad once. Or for public service.

A friend got a four year degree from a public school with no loans. Wasn't happy and went back to school for another degree that required another four years of school. He worked in the field for a year or two, found it wasn't as lucrative as he thought, and then went back to school again for a master's degree. In the process, he amasse[b]d 200k total in loans.[/b] [b]Because this third field doesn't pay much, he pays a tiny loan payment that will eventually forgiven. All of his choice.[/b] [/quote]

I'm first PP.  Amazing that even 1 cent will be forgiven.  Again-only amounts equal to instate tuition only should even be on reduced payment plans.

That 200,000 comes out of taxpayer money.  Another example is if a person decides to be a teacher after accumulating massive loans to a SLAC.  We're supposed to eat that?  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics