Reply to This story of loan forgiveness does not sit well with me

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Outliers are everywhere.  Look at the big picture, not the person the journalist thought would get the most clicks.[/quote]
Agree with this.   I like the student loan forgiveness.   And I speak as someone who was able to pay off my loans AND pay for my kids college.  I am fortunate and I realize that [/quote]

I'm all for some loan forgiveness.  But kids and parents need to STOP taking out $$$ to attend schools they cannot afford.  If you cannot afford more than $25K/year, then don't attend a school that costs $90k+/year and take loans.  Find a state school that gives you merit/private that gives merit and have your kid work FT on all breaks and PT during the year where they can earn 10K per year easily.

But I don't see why I should be paying for someone who choose to got to a school that costs $65K per year, major in Art history, then only be able to get a job making $25K/year and complain they cannot pay their loans.  No Shit Sherlock!  Common sense would have told them that they would most likely only start at $25-30K, and therefore should not have loans totally anymore than $25K over 4 years.

There has to be some personal responsibility for people.  College can be done without massive debt, you just have to choose wisely.

[/quote]

And I don’t understand why corporations can bankruptcy and never pay their bills.

Then turn around and restructure under a new name and continuing as if nothing happened.

Don’t be a d!ck pay your bills.[/quote]

Yes everyone should pay their bills.

But the argument that Corporations do it, so I as an individual should be able to not pay my bills isn't a strong one.  
Take personal responsibility.  If you are smart enough for college, then you should be able to understand A) what your average starting salary will be for possible majors and B) how taking loans works and what your monthly payments will be for 10 year+ after graduation.  If not, perhaps you shouldn't be at college
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Except student loans should not be treated any different than other forms of debt in personal bankruptcies.

If student loans were treated as normal debt, the market would be far more rational because the lender would know that a borrower could have the debt significantly reduced in a bankruptcy situation.  Credit standards and amounts would be much different.[/quote]

Really?  When the vast majority of college students graduate, they have no assets, and could declare bankruptcy immediately.  The only people who woudl qualify for loans are the people who don't need them.  [/quote]

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