Anonymous wrote:Anonymous wrote: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.
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 get a loan for that without any issue.
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.
Anonymous wrote:Anonymous wrote:Anonymous wrote: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.
I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors.
No, but but it is your fault for being so stupid you decided to take out a loan without understanding basic finance 101, interest, and loan amortization.
Imagine getting to adulthood and never spending 5 minutes learning the basic concept of loan amortization and compound interest while you've spent hours per week in crap like TikTok and Instagram.
Here's the world smallest violin playing for you: ____
Anonymous wrote:Anonymous wrote: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.
Because life does not always turn out as picture perfect for some people as it did for you.
Anonymous wrote:Anonymous wrote:But at least those unregulated PPP loans were forgiven, right guys? I'm so sick of living in this corrupt country. Heads you lose, tails you lose.
The PPP loans weren't loans, they were free money during a once-a-century nationwide epidemic. And fraud is being tracked and prosecuted.
I guess you would have preferred no PPP loans and businesses going bankrupt while people stayed home?
Anonymous wrote: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.
Anonymous wrote:Anonymous wrote: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.
I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors.
Anonymous wrote:Anonymous wrote:But at least those unregulated PPP loans were forgiven, right guys? I'm so sick of living in this corrupt country. Heads you lose, tails you lose.
The PPP loans weren't loans, they were free money during a once-a-century nationwide epidemic. And fraud is being tracked and prosecuted.
I guess you would have preferred no PPP loans and businesses going bankrupt while people stayed home?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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.
I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors.
Take your concerns up with Obama. That all started under his "genius" plan.
Interesting…. because I went to grad school when Bush was president so, I’m not sure what Obama started that impacts me here.
Did you take a private loan?
There was a small portion that was private and those were quickly paid off. The overwhelming majority of my loans were FFELP which if they were still intact would have been already removed from forgiveness last fall.
I’m just pointing out that this pay for what you owe bullsh*t argument ignored compounding annual interest that turned my loan into an 80% interest rate instead of 6.25% I signed on for.
Your argument is with compounding annual interest??? Every product you buy on credit is subject to compounding annual interest.
Seriously?
Buying a TV is different than getting an education.
I’m talking about buying a house or a car to get to a job. If loans on those (necessities) charge compounding annual interest, why wouldn’t a loan for college?
Truly, neither a house or a car are necessities.
Shelter comes in many forms - 115 million Americans were renters in 2021 - and access to public transportation or walkability. All avoid compounding loans.
Additionally, home ownership comes with many advantageous tax benefits for the owner(s) including the ability to write off the interest payments, well well in excess of the same ability to do so with student loans.
So your argument is that college loans, and only college loans, should be exempt from compounding interest? Is that right?
Because it will be good for the economy to jettison $1.5 trillion in debt.
Anonymous wrote:Anonymous wrote:But at least those unregulated PPP loans were forgiven, right guys? I'm so sick of living in this corrupt country. Heads you lose, tails you lose.
The PPP loans weren't loans, they were free money during a once-a-century nationwide epidemic. And fraud is being tracked and prosecuted.
I guess you would have preferred no PPP loans and businesses going bankrupt while people stayed home?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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.
I took out 25k. I’ve repaid over 45k thanks to compounding interest. It’s not my job to prop up the DoE and their vendors.
Take your concerns up with Obama. That all started under his "genius" plan.
Interesting…. because I went to grad school when Bush was president so, I’m not sure what Obama started that impacts me here.
Did you take a private loan?
There was a small portion that was private and those were quickly paid off. The overwhelming majority of my loans were FFELP which if they were still intact would have been already removed from forgiveness last fall.
I’m just pointing out that this pay for what you owe bullsh*t argument ignored compounding annual interest that turned my loan into an 80% interest rate instead of 6.25% I signed on for.
Your argument is with compounding annual interest??? Every product you buy on credit is subject to compounding annual interest.
Seriously?
Buying a TV is different than getting an education.
I’m talking about buying a house or a car to get to a job. If loans on those (necessities) charge compounding annual interest, why wouldn’t a loan for college?
Truly, neither a house or a car are necessities.
Shelter comes in many forms - 115 million Americans were renters in 2021 - and access to public transportation or walkability. All avoid compounding loans.
Additionally, home ownership comes with many advantageous tax benefits for the owner(s) including the ability to write off the interest payments, well well in excess of the same ability to do so with student loans.
Anonymous wrote:But at least those unregulated PPP loans were forgiven, right guys? I'm so sick of living in this corrupt country. Heads you lose, tails you lose.