General Discussion

limpyhobbler

(8,244 posts)

28. k+r. People with college loans from banks are the ones who need some protection.

Fri Oct 19, 2012, 04:27 AM

Oct 2012

Obama has actually done pretty good for people with Dept. of Ed. Loans by allowing them to pay based on income.

It's people with bank loans and have trouble paying that are getting screwed right now. These debts are exempt from the protections people have for normal consumer debt, yet there are no income-based payment options such as with the gov't loans.

Banks get the best of both worlds.

see also:
http://thechoice.blogs.nytimes.com/2012/10/17/cfpb-private-student-loan-report/

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US students drowning in tuition debt [View all] lovuian Oct 2012 OP

Discussed on PBS NewsHour tonight. elleng Oct 2012 #1

They have made our children DEBT SLAVES lovuian Oct 2012 #2

'They' who? elleng Oct 2012 #4

College is necessary to get a good job. Then, students borrow and drown in the costs. Dash87 Oct 2012 #10

Sure. Defend this crap. Matariki Oct 2012 #17

Unnecessary slam. elleng Oct 2012 #40

It's UNNECESSARY to blame the victim as you are doing. Matariki Oct 2012 #42

And WE do decide to borrow, and WE did so. Recognizing facts of life is not BLAMING anyone. elleng Oct 2012 #47

'they' = legislators who've been defunding education for 30 years; 'they' = corporate interests HiPointDem Oct 2012 #27

It's a national disgrace. rug Oct 2012 #3

What is the solution? Serious question. Logical Oct 2012 #6

I remember when all the schools that belonged to the City University of New York were tuition-free. rug Oct 2012 #8

I agree with free/cheaper college. It seems odd that most classes stay the same between semesters... Logical Oct 2012 #9

You're right. Online and cyber classes should be a lot cheaper. rug Oct 2012 #16

With all the tech it seems like we could do better. Logical Oct 2012 #18

There's a reason for that customerserviceguy Oct 2012 #33

That's a good point. rug Oct 2012 #39

Raise taxes to pay for student debt. Slice our defense budget in half. Dash87 Oct 2012 #12

Do you pay back the students who paid their loan already? Seems fair. Logical Oct 2012 #13

Nope. They already have their degrees. Dash87 Oct 2012 #48

So you're arguing against food stamps for families currently suffering financial hardship? Orrex Oct 2012 #60

No, because when you get food stamps you DO NOT promise to pay it back. Wow, nice try. And NO ONE... Logical Oct 2012 #61

I can guarantee you that I've thought Bout it longer than you have Orrex Oct 2012 #63

Hell, I am sure there are people with car payments they cannot pay, and...... Logical Oct 2012 #65

In comparing student loans to other loans, you again demonstrate your ignorance Orrex Oct 2012 #67

LOL, OK. You are making no sense to me at all. So you win. I agree with whatever you said. Logical Oct 2012 #69

Higher education has to be redefined. The debt is the result of states withdrawing funding. Buzz Clik Oct 2012 #19

community colleges are being defunded too. HiPointDem Oct 2012 #26

Not where I live. Buzz Clik Oct 2012 #34

where's that? HiPointDem Oct 2012 #46

Post-secondary education is a social benefit laundry_queen Oct 2012 #23

+1. when i went to school, most students didn't *need* to take out loans. a middle-class HiPointDem Oct 2012 #25

Step one is to eliminate the usurious penalties and fees applied Orrex Oct 2012 #59

We need a "tuition forgiveness program" to help these people out. HubertHeaver Oct 2012 #5

Well, I guess I disagree. What aout my brother who worked two jobs to pay his loan back. Do.... Logical Oct 2012 #7

It would have to be a community service program. HubertHeaver Oct 2012 #20

A great idea! Logical Oct 2012 #53

I didn't pay off my student loans until I was 40 WhaTHellsgoingonhere Oct 2012 #21

How is it different? My brother just paid his off. And it was a pain in his ass. Logical Oct 2012 #52

They were a pain in my ass, but... WhaTHellsgoingonhere Oct 2012 #54

A tax credit to those who paid off early is one possible solution Wednesdays Oct 2012 #30

That's like saying My Good Babushka Oct 2012 #32

Bull shit answer. My brother signed a loan agreement. And honored it. Unless a load company LIED.... Logical Oct 2012 #51

Don't really give a shit about your brother My Good Babushka Oct 2012 #56

LOL, ok! Logical Oct 2012 #57

That's an invalid comparison Orrex Oct 2012 #58

LOL...."circumstances" meant working his ass off at two low paying jobs. Logical Oct 2012 #62

Yes, because others don't have that option or opportunity Orrex Oct 2012 #64

And your grasp is why liberals get a bad rep for thinking that the solution to any situation... Logical Oct 2012 #66

Why do you keep making that idiotic comparison? Orrex Oct 2012 #68

Our national priorities are guns, war and war profits for corporations Arugula Latte Oct 2012 #11

The interest is compounded. My debt is growing faster than I can pay it off. smirkymonkey Oct 2012 #14

its USURY of the highest form lovuian Oct 2012 #22

I will be paying my loans till I am 75 years old!! TM99 Oct 2012 #36

Parents too. LiberalEsto Oct 2012 #15

kr HiPointDem Oct 2012 #24

k+r. People with college loans from banks are the ones who need some protection. limpyhobbler Oct 2012 #28

Yep, that's my situation. a la izquierda Oct 2012 #55

K & R Wednesdays Oct 2012 #29

I think the cheapest way to curb tuition inflation is aggressive, comprehensive audit of ledgers. Selatius Oct 2012 #31

I can summarize what is happening in our state exboyfil Oct 2012 #35

Every Job does NOT Need a Degree! Macoy51 Oct 2012 #37

I agree totally but you might want to talk exboyfil Oct 2012 #38

Don't you have a lot of quality applicants as it is? Nikia Oct 2012 #50

We don't have a student loan problem, we have a JOBS problem. There are simply not enough Romulox Oct 2012 #41

Good point.. OhioChick Oct 2012 #44

And for degrees in completely unmarketable majors marshall Oct 2012 #43

No major is completely unmarketable Nikia Oct 2012 #49

I'm realizing my kids will not have the incredible four-years-at-a-state university experience I had Arugula Latte Oct 2012 #45