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[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 do loan financing. We won't finance an 18 year old without a co-signer for a car. Yet the same 18 year old can get accepted to a $40k/year college and [b]get a loan for that without any issue.[/b]

GTFO.

Student loans are predatory. Period. People wouldn't be as averse to paying off the loans if they had zero interest or low interest. My wife is still paying for her $39k student loan that is now in the high $50k range.  [/quote]

What financial institution do you work for that doesn’t require a co-signer for a private student loan? 18-year old freshmen are capped at $5,500 in federal loans that they can borrow on their own. Over four years the max federal loan limit (with some exceptions) would be $27k.

Private student loans almost invariably require a parent or other credit-worthy co-signer, so your wife must have private loans. Those are a separate matter. [/quote]
This. I wonder if part of the problem is that a lot of people, even those in finance, don't understand how student loans work. [/quote]

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