The Price For Bad Decisions.

[Vel]

Typically if you take out a loan that you can't or won't pay back there is a price to pay. If you default on your home loan, you lose your home. Default on your car loan, lose your car. Default on your student loans? Perhaps those that default on their loans forcing other taxpayers to pick up their tab, should lose their degrees.

 

[Moonglow]

Typically if you take out a loan that you can't or won't pay back there is a price to pay. If you default on your home loan, you lose your home. Default on your car loan, lose your car. Default on your student loans? Perhaps those that default on their loans forcing other taxpayers to pick up their tab, should lose their degrees.

You have never heard of bankruptcy chapter 7 or 13? People like Mittens Romney buy dying companies and raid the retirement funds which are covered by federal insurance like FDIC for banks....The govt. repays the retirement funds and the people like Mittens smile all the way to the bank and the company is executed.

 

[fncceo]

Student loans, for the most part, weren't backed by any collateral. There is nothing to lose if you default.

I'm not sure how you would take back someone's Master's Degree in Lesbian Puppet Theatre.

 

[j-mac]

You have never heard of bankruptcy chapter 7 or 13?

Can't discharge a student loan dummy.

 

[Moonglow]

Can't discharge a student loan dummy.

Sure you can it has been done before.

 

[Moonglow]

Student loans, for the most part, weren't backed by any collateral. There is nothing to lose if you default.

I'm not sure how you would take back someone's Master's Degree in Lesbian Puppet Theatre.

Your credit rating is lowered to zero when you default on student loans.

 

[j-mac]

Sure you can it has been done before.

Show us.

 

[Polishprince]

Student loans, for the most part, weren't backed by any collateral. There is nothing to lose if you default.

I'm not sure how you would take back someone's Master's Degree in Lesbian Puppet Theatre.

That's the problem with student loans. They generally require no co-signers and no collateral.

And since they are guaranteed by the Taxpayers, lenders really could give a shit if the borrower doesn't have the means to pay it back.

Eliminate the guarantee to the lender, and you'll get a lot more responsible lending. You won't have people without collateral getting loans to study polka or Lesbian literature.

 

[j-mac]

Your credit rating is lowered to zero when you default on student loans.

Good grief you're dumb...

 

[Canon Shooter]

Student loans, for the most part, weren't backed by any collateral. There is nothing to lose if you default.

Which is why anyone who has their college tuition forgiven should get a default on their credit report...

 

[Canon Shooter]

Your credit rating is lowered to zero when you default on student loans.

And that's exactly how this current situation should be handled...

 

[Independent thinker]

Typically if you take out a loan that you can't or won't pay back there is a price to pay. If you default on your home loan, you lose your home. Default on your car loan, lose your car. Default on your student loans? Perhaps those that default on their loans forcing other taxpayers to pick up their tab, should lose their degrees.

I haven't heard anything about it yet but I wonder if they are going to have to pay income taxes on the amount of the loans that are "forgiven".

 

[Dekster]

Typically if you take out a loan that you can't or won't pay back there is a price to pay. If you default on your home loan, you lose your home. Default on your car loan, lose your car. Default on your student loans? Perhaps those that default on their loans forcing other taxpayers to pick up their tab, should lose their degrees.

We can Call it Paycheck Protection II if that makes you feel better.

 

[HereWeGoAgain]

They should just garnish the wages of college loan scoff laws.

 

[Bootney Lee Farnsworth]

Sure you can it has been done before.

Wrong

 

[Polishprince]

They should just garnish the wages of college loan scoff laws.

They should really just sell the loans of deadbeats to the La Cosa Nostra.

A visit from a couple of men of honor would convince most of them to do the right thing and pony up the moolah.

 

[Sandy Shanks]

It has never been fully explained why Israel opposes U.S. attempts to stop Iran from making a nuclear weapon. The position appears to be at odds with Israeli interests.

Is it because Iran would get sanctions relief as part of the deal, the deal being limitations on her nuclear program? That does not make sense.

ABC reports, "Israel's prime minister urged President Joe Biden and Western powers to call off an emerging nuclear deal with Iran, saying that negotiators are letting Tehran manipulate the talks and that an agreement would reward Israel's enemies.

"Yair Lapid called the emerging agreement a “bad deal” and suggested that Biden has failed to honor red lines he had previously promised to set.

“The countries of the West draw a red line, the Iranians ignore it, and the red line moves,” Lapid told reporters at a press conference in Jerusalem. An emerging deal, Lapid said, “does not meet the standards set by President Biden himself: preventing Iran from becoming a nuclear state.” (The last is a lie, and what red line? Lapid does not explain.)

"Biden has been eager to revive the 2015 deal, which offered sanctions relief in exchange for curbs on Iran's nuclear program. The original deal unraveled after then-President Donald Trump withdrew from it in 2018 and reimposed sanctions, with strong encouragement from Israel.

"It remains unclear whether the United States and Iran will be able to reach a new agreement. But the Biden administration is expected to weigh in on Iran's latest offer in the coming days. With an agreement appearing close, Israel has stepped up its efforts to block it."

Because of Trump's horrible decision to destroy the Iran nuclear agreement, Iran has increased its uranium enrichment.

IAEA "experts warn Iran has enriched enough uranium up to 60% purity — a short technical step from weapons-grade levels of 90% — to make one nuclear weapon should it decide to do so. However, Iran still would need to design a bomb and a delivery system for it, likely a months-long project," ABC.

Iran is a Russian ally.

Perhaps Lapid was talking about the red line drawn by the Trump administration. Iran ignored Trump's red line, but there is a new sheriff in town.

 

[Moonglow]

j-mac The Department of Education has tackled so much student debt already because Congress gave it a number of tools to do so. One of those tools is the Heroes Act, passed in the wake of 9/11. This law gives the secretary of education authority to “waive or modify” any provision of the law applicable to student aid programs “in connection with a war or other military operation or national emergency.” (Emphasis mine.) The secretary may exercise this power to “ensure” that borrowers “are not placed in a worse position financially” in relation to their loans because they were “affected” by the emergency. A “national emergency” is defined as any national emergency declared by the president. The ongoing COVID-19 pandemic surely qualifies, since Donald Trump declared it a national emergency and Biden has extended that declaration.

 

[Ray From Cleveland]

j-mac The Department of Education has tackled so much student debt already because Congress gave it a number of tools to do so. One of those tools is the Heroes Act, passed in the wake of 9/11. This law gives the secretary of education authority to “waive or modify” any provision of the law applicable to student aid programs “in connection with a war or other military operation or national emergency.” (Emphasis mine.) The secretary may exercise this power to “ensure” that borrowers “are not placed in a worse position financially” in relation to their loans because they were “affected” by the emergency. A “national emergency” is defined as any national emergency declared by the president. The ongoing COVID-19 pandemic surely qualifies, since Donald Trump declared it a national emergency and Biden has extended that declaration.

Oh, so we have this national emergency of covid to pay school loan debt but Dementia got rid of title 42 for border crossings because it's no longer a national threat?

 

[Ray From Cleveland]

You won't have people without collateral getting loans to study polka or Lesbian literature.

Nothing wrong with studying polkas. Happy Louie had a pretty interesting life.