Reply to I owe $125,000 in private student loans to one institution. How to get them to settle?

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Reply to "I owe $125,000 in private student loans to one institution. How to get them to settle?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Which of our politicians allowed this crime? They should be named.[/quote]

Why is it a politician's responsibility, or really anyone else's responsibility, that a person takes out hundreds of thousands of student loans when they are fully aware that their career choice will never have a salary that can pay off these loans?

Life is all about choices, and there is no shame about going to a state school if that is all you can afford or if the tuition there is the maximum that your degree of choice can support.[/quote]

Because politicians make the laws that provide the framework within which private contracts can operate.

We would not make it legal for a 17 year old to sign over their kidney in exchange for a year's tuition. Nor should we make it legal for teenagers to sign up to live in penury for a degree that isn't worth it.

I don't think she should be able to duck out of her obligations. But I believe the courts should offer bankruptcy protection such that her debts are reduced to affordable levels. The problem is that the loan sharks bought congress and got legislation that makes it almost impossible for people in OP's situation.

If I were her I would leave the country and start again with a new name. Or immolate myself in front of Congress to force some action out of the bastards.[/quote]

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