Anonymous
03/07/2023 13:50
Subject: Re:What is going on with student loans?
Anonymous wrote:Anonymous wrote:Anonymous wrote:
Remove incentives leading to predatory lending.
It sounds like it would serve these lenders right if students are allowed to declare bankruptcy. Why dump repayment on already-burdened taxpayers, instead of the lenders who deserve whatever comes their way? Maybe we should be asking our lawmakers to figure out a way to make it happen. Dumping this burden on taxpayers is the easy way out, but it's not the right way.
Lawmakers need to find a way for loan holders to declare bankruptcy. Make it happen. The only people who will be unhappy are the predatory lenders, and tough luck to them. The loan holders won't like the black mark on their credit rating, but that's what happens when people want to stop paying their financial obligations.
The "lenders" in this case is the federal government.
Time to stop lending, then, given the very poor results and the massive cost inflation.
Anonymous
03/07/2023 12:55
Subject: Re:What is going on with student loans?
Anonymous wrote:Anonymous wrote:
Remove incentives leading to predatory lending.
It sounds like it would serve these lenders right if students are allowed to declare bankruptcy. Why dump repayment on already-burdened taxpayers, instead of the lenders who deserve whatever comes their way? Maybe we should be asking our lawmakers to figure out a way to make it happen. Dumping this burden on taxpayers is the easy way out, but it's not the right way.
Lawmakers need to find a way for loan holders to declare bankruptcy. Make it happen. The only people who will be unhappy are the predatory lenders, and tough luck to them. The loan holders won't like the black mark on their credit rating, but that's what happens when people want to stop paying their financial obligations.
The "lenders" in this case is the federal government.
Anonymous
03/07/2023 12:52
Subject: Re:What is going on with student loans?
Anonymous wrote:Anonymous wrote:
Remove incentives leading to predatory lending.
It sounds like it would serve these lenders right if students are allowed to declare bankruptcy. Why dump repayment on already-burdened taxpayers, instead of the lenders who deserve whatever comes their way? Maybe we should be asking our lawmakers to figure out a way to make it happen. Dumping this burden on taxpayers is the easy way out, but it's not the right way.
Lawmakers need to find a way for loan holders to declare bankruptcy. Make it happen. The only people who will be unhappy are the predatory lenders, and tough luck to them. The loan holders won't like the black mark on their credit rating, but that's what happens when people want to stop paying their financial obligations.
The only way what you’re describing could happen would be if student loan interest rates mimicked interest rates for other forms of unsecured debt i.e. credit card debt. Ready for 20% APR student loans? I am, because I think it will cause tuition prices to plummet. Others will scream that it “limits access and opportunity.”
Anonymous
03/07/2023 11:30
Subject: What is going on with student loans?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Just watched Borrowed Future on Prime. Biden is absolutely correct to forgive some of these loans. And more changes should be made to these predatory lending practices.
Anyone who watches this and doesn't come away with the same view, is a mean-spirited, ignorant jerk. Or a Republican.
I watched that too and still think you should pay your debts. I'm a Democrat.
Good for you!
+2
If anything, let's tax those universities who have overcharged and exploited students. Some have endowments in the tens of billions.
Anonymous
03/07/2023 07:53
Subject: Re:What is going on with student loans?
Anonymous wrote:
Remove incentives leading to predatory lending.
It sounds like it would serve these lenders right if students are allowed to declare bankruptcy. Why dump repayment on already-burdened taxpayers, instead of the lenders who deserve whatever comes their way? Maybe we should be asking our lawmakers to figure out a way to make it happen. Dumping this burden on taxpayers is the easy way out, but it's not the right way.
Lawmakers need to find a way for loan holders to declare bankruptcy. Make it happen. The only people who will be unhappy are the predatory lenders, and tough luck to them. The loan holders won't like the black mark on their credit rating, but that's what happens when people want to stop paying their financial obligations.
Anonymous
03/07/2023 03:39
Subject: What is going on with student loans?
Anonymous wrote:Just watched Borrowed Future on Prime. Biden is absolutely correct to forgive some of these loans. And more changes should be made to these predatory lending practices.
Anyone who watches this and doesn't come away with the same view, is a mean-spirited, ignorant jerk. Or a Republican.
Thanks for sharing. Now get back to work so you can pay of your debts.
Anonymous
03/07/2023 00:22
Subject: What is going on with student loans?
Anonymous wrote:Anonymous wrote:Another mess created by our BSer-In-Chief.
Yep. He knew he was overreaching and had no constitutional authority to do this. He didn't care.
He can just blame the "MAGA Republicans" when it is overturned. This was the plan. Such a uniter!!!
So sick of this man.
Just a desperate ploy from a guy who thought he was going to lose big in the midterms.
Anonymous
03/06/2023 23:35
Subject: What is going on with student loans?
Anonymous wrote:Anonymous wrote:Just watched Borrowed Future on Prime. Biden is absolutely correct to forgive some of these loans. And more changes should be made to these predatory lending practices.
Anyone who watches this and doesn't come away with the same view, is a mean-spirited, ignorant jerk. Or a Republican.
I watched that too and still think you should pay your debts. I'm a Democrat.
Good for you!
Anonymous
03/06/2023 20:03
Subject: What is going on with student loans?
Anonymous wrote:Just watched Borrowed Future on Prime. Biden is absolutely correct to forgive some of these loans. And more changes should be made to these predatory lending practices.
Anyone who watches this and doesn't come away with the same view, is a mean-spirited, ignorant jerk. Or a Republican.
I watched that too and still think you should pay your debts. I'm a Democrat.
Anonymous
03/06/2023 18:47
Subject: What is going on with student loans?
Just watched Borrowed Future on Prime. Biden is absolutely correct to forgive some of these loans. And more changes should be made to these predatory lending practices.
Anyone who watches this and doesn't come away with the same view, is a mean-spirited, ignorant jerk. Or a Republican.
Anyone who watches this and doesn't come away with the same view, is a mean-spirited, ignorant jerk. Or a Republican.
Anonymous
03/06/2023 15:39
Subject: Re:What is going on with student loans?
Anonymous wrote:College students (who are adults!) expect wrap-around on-campus social services nowadays. Mental health counseling, food pantries, on-demand tutoring in every subject, below-market rate housing for upperclassmen, shuttles, 24-hour gyms etc. None of that is free or cheap to provide.
I'm sure full pay students expect it. I'm also very sure that most families with parent plus loans would prefer to have none of those services and lower tuition. There are no state flagships, and certainly no good privates let alone liberal arts schools, not engaged in creating country clubs.
Anonymous
03/06/2023 15:09
Subject: What is going on with student loans?
Anonymous wrote:Another mess created by our BSer-In-Chief.
Yep. He knew he was overreaching and had no constitutional authority to do this. He didn't care.
He can just blame the "MAGA Republicans" when it is overturned. This was the plan. Such a uniter!!!
So sick of this man.
Anonymous
03/06/2023 12:09
Subject: What is going on with student loans?
Another mess created by our BSer-In-Chief.
Anonymous
03/06/2023 06:34
Subject: Re:What is going on with student loans?
College students (who are adults!) expect wrap-around on-campus social services nowadays. Mental health counseling, food pantries, on-demand tutoring in every subject, below-market rate housing for upperclassmen, shuttles, 24-hour gyms etc. None of that is free or cheap to provide.
Anonymous
03/05/2023 20:39
Subject: What is going on with student loans?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Why can’t millionaires pay back their PPP loans without government assistance (paid for by Taxpayers).
That was passed by Congress, try again.
So was the HEROES Act.
Right. Congress passed the HEROES Act for actual heroes-not for every person who took out college loans.
The law is written broadly. I get you don't like that, but that's the law.
Clearly not clear enough since the SC spent a whole day discussing it
It is quite clear, but the current SCOTUS has recently invented the major questions doctrine where Congress isn't allowed to make broad delegations. Its no where in the actual constitution. They just made it up.
I guess? By your logic, SCOTUS invented "judicial review" in Marbury v. Madison too.
Why did it take 233 to discover the major questions doctrine?