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We shouldn't forgive student debt. The more educated people are - in general - the more money they make. The educated are the biggest benefactors of student loans, because without the loans, their pay would be much less. For individual situations where this isn't true, people should declare bankruptcy. There should also be tough penalties against institutions who knowingly mislead job prospects for those who enroll in their colleges.
Student loans can't be included on bankruptcies.
I know. They should be.
No. But I also don't think that the collectors tacking on another $30k "just because" and that being legal per an attorney, is okay either.
I think that all the late fees, finance charges, and all manner of crap that gets tacked on 'just because' is doing a literal shit-ton of damage to the students, and the economy by extension.
The Crimson is not the school.
It's their school paper.
I get it. I'll drop it. You've gone to a hill you have to defend, and knowing you can't hear me is sign enough that you won't back down.
Actually, it is the student paper. There may, or may not, be faculty advisers, but all the boards are staffed by any student that wants to join them. The masthead doesn't mention a single faculty member.
Masthead | The Harvard Crimson
A couple of answers from kids (adults now) on the "How could you be so stupid" question.
Answer: I love that question: why didn't you read the contract. Well, I was 17 on my first loan and about 19 on my second one. Didn't even have a checking account and never had a credit card at that time. Read the contract? yeah, I read it and "Trusted" that the government wouldn't give me the shaft. I mean how could they do that to me, I was just a kid and had big dreams. How did I know they would retroactively change the law after I took out my loan and that this loan would follow me to my grave. Oh yeah and I forgot to mention that no where in my contract does it say if I default that my interest would be capitalized. They sort of left that out for future use.
Answer: Nobody can follow when the government changes the rules in the middle of the game. They do it all the time. This is why we need reform, and we need to pass H.R. 4170, to restore some sanity and responsibility to the system. Consumer advocates back in the 80s reformed insurance company policies and forced them to write insurance coverage in understandable language. This is what we need now with student loans. Obviously this is proving to be true, as Consumer Finance Protection Bureau is beginning to listen to the people, and proposing these types of changes. And, as far as these perfect people, who read everything, I don't believe 99% of them. They would have to prove it to me first. If they are that perfect, good for them. But it's surely nobody I have ever met. How about you??
No. But I also don't think that the collectors tacking on another $30k "just because" and that being legal per an attorney, is okay either.
I think that all the late fees, finance charges, and all manner of crap that gets tacked on 'just because' is doing a literal shit-ton of damage to the students, and the economy by extension.
Interest does not compound on federally guaranteed student loans.
It's their school paper.
I get it. I'll drop it. You've gone to a hill you have to defend, and knowing you can't hear me is sign enough that you won't back down.
Actually, it is the student paper. There may, or may not, be faculty advisers, but all the boards are staffed by any student that wants to join them. The masthead doesn't mention a single faculty member.
Masthead | The Harvard Crimson
Really. And you don't think a retraction would be printed if he HADN'T graduated with honors.
It's amazing how far y'all are willing to go in your effort to not concede a point.
Read the image and tell me why you think things are just fine as they are.
It's their school paper.
I get it. I'll drop it. You've gone to a hill you have to defend, and knowing you can't hear me is sign enough that you won't back down.
Actually, it is the student paper. There may, or may not, be faculty advisers, but all the boards are staffed by any student that wants to join them. The masthead doesn't mention a single faculty member.
Masthead | The Harvard Crimson
Really. And you don't think a retraction would be printed if he HADN'T graduated with honors.
It's amazing how far y'all are willing to go in your effort to not concede a point.
No. But I also don't think that the collectors tacking on another $30k "just because" and that being legal per an attorney, is okay either.
I think that all the late fees, finance charges, and all manner of crap that gets tacked on 'just because' is doing a literal shit-ton of damage to the students, and the economy by extension.
Interest does not compound on federally guaranteed student loans.
I think it would if you failed to make any payments.
Interest does not compound on federally guaranteed student loans.
I think it would if you failed to make any payments.
Not to my knowledge. As far as I know, the worst that happens is it gets sent to a debt collection agency.
Actually, it is the student paper. There may, or may not, be faculty advisers, but all the boards are staffed by any student that wants to join them. The masthead doesn't mention a single faculty member.
Masthead | The Harvard Crimson
Really. And you don't think a retraction would be printed if he HADN'T graduated with honors.
It's amazing how far y'all are willing to go in your effort to not concede a point.
Can you prove they didn't print a retraction?
And birtherism is only one of a number of racially charged conspiracy theories that have bubbled out of the right-wing swamp and have been allowed to fester by conservative elites. Those who have spent the last two years clinging to the notion that the president wasnt born in the United States, who have alleged that the president wasnt intelligent enough to write his own autobiography or somehow coasted to magna cum laude at Harvard law, are carrying on new varieties of an old, dying tradition of American racism. Similar accusations dogged early black writers like Frederick Douglass and Phyllis Wheatley, whose brilliance provoked an existential crisis among people incapable of abandoning myths of black intellectual inferiority.
I think it would if you failed to make any payments.
Not to my knowledge. As far as I know, the worst that happens is it gets sent to a debt collection agency.
It would because it is not a loan that can be written off.
Regardless how long a person ignores their loan principle and negelcts payment, the interest must be added to that principle.
Otherwise it would be just a loan in default and those types loans can't because they can only go away if forgiven by the government or on the death of the borrower. That's what accounts for the interest due and being capitalized onto the loan principle.
Should a loan that is not being paid simply become dormant for who knows how many years or decades with not interest being due and collectible?
That's what you get with an unforgivable education loan, and it's exactly as it should be.
Really. And you don't think a retraction would be printed if he HADN'T graduated with honors.
It's amazing how far y'all are willing to go in your effort to not concede a point.
Can you prove they didn't print a retraction?
Y'know. I think I'm just going to consider the source and drop this for good.
An embarrassment to the country - The Plum Line - The Washington PostAnd birtherism is only one of a number of racially charged conspiracy theories that have bubbled out of the right-wing swamp and have been allowed to fester by conservative elites. Those who have spent the last two years clinging to the notion that the president wasnt born in the United States, who have alleged that the president wasnt intelligent enough to write his own autobiography or somehow coasted to magna cum laude at Harvard law, are carrying on new varieties of an old, dying tradition of American racism. Similar accusations dogged early black writers like Frederick Douglass and Phyllis Wheatley, whose brilliance provoked an existential crisis among people incapable of abandoning myths of black intellectual inferiority.
How about a confirmation from the Harvard schoolpaper, The Crimson?
Obama Left Mark on HLS | News | The Harvard Crimson
How about if he releases the records claiming his "citizenship status" in college, as an "adult"?
Sorry, I don't play birfer games.
We shouldn't forgive student debt. The more educated people are - in general - the more money they make. The educated are the biggest benefactors of student loans, because without the loans, their pay would be much less. For individual situations where this isn't true, people should declare bankruptcy. There should also be tough penalties against institutions who knowingly mislead job prospects for those who enroll in their colleges.
Read the image and tell me why you think things are just fine as they are.
