General Discussion

RobinA

(10,478 posts)

88. There is No System

Tue Jul 29, 2014, 03:31 PM

Jul 2014

devisable that can totally protect people from not looking out for themselves. Our system has every safeguard necessary to keep these people from being in the fix they are in, and frankly at not an outlandish price, given that every possibility (the woman's death) cannot be avoided.

The only systemic fix for this is to make it mandatory for every person who has dependents to have enough life insurance to make each and every dependent independent, and to mandate that every person with a loan have the loan insured so that it will never fall on someone unable to pay it. That's a whole lot of mandatory in a country where mandatory is already growing by leaps and bounds.

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Grieving parents hit with $200,000 in student loans [View all] davidn3600 Jul 2014 OP

The whole stinking system needs to be overhauled Jeff In Milwaukee Jul 2014 #1

I don't understand how a parent can co-sign for a loan yeoman6987 Jul 2014 #2

Blaming the individual yet again - TBF Jul 2014 #8

Yes I do see a systematic problem yeoman6987 Jul 2014 #9

You're mindfully siding with the banks on this - TBF Jul 2014 #15

+1 - and downthread. closeupready Jul 2014 #58

it's a pattern with that one. nt laundry_queen Jul 2014 #81

My kids went to the state college... one_voice Jul 2014 #16

When my husband and I went to the University of Delaware, class of phylny Jul 2014 #118

Used to be that "cheap" state schools were an option. Not so much anymore. Arugula Latte Jul 2014 #67

My instate tuition&fees is $32k per year. (University of Illinois) nt riderinthestorm Jul 2014 #79

I hated the U of I - I transferred to the UW-Madison, and BOOM, closeupready Jul 2014 #83

Congratulations! What a weird coincidence I'm in Madison today.... riderinthestorm Jul 2014 #102

Oo, jealous - if you're looking for a snack, try the Teddywedgers on closeupready Jul 2014 #105

I will! Thanks for the recommendation! riderinthestorm Jul 2014 #106

I Don't See RobinA Jul 2014 #66

The issue is that you are determined to find fault with the individuals TBF Jul 2014 #73

There is No System RobinA Jul 2014 #88

"Our system has every safeguard necessary to keep these people from being in the fix they are in" - TBF Jul 2014 #89

What Does RobinA Jul 2014 #93

I know you don't see it - TBF Jul 2014 #96

I don't think it was for a "private college" YarnAddict Jul 2014 #36

I don't understand how a parent can NOT co-sign a loan groundloop Jul 2014 #45

Where does it say it was for a private college? Do you have any idea what public nursing education pnwmom Jul 2014 #107

'Overhauled' is an understatement. earthside Jul 2014 #7

I've been teaching in higher ed for decades NJCher Jul 2014 #22

Glad I'm not the not only one who thinks this. Tetris_Iguana Jul 2014 #37

I'm a huge fan of community colleges Jeff In Milwaukee Jul 2014 #61

An R.N. requires a 4 year degree and can only be obtained at a college or university. pnwmom Jul 2014 #108

Not True Jeff In Milwaukee Jul 2014 #111

Don't forget to add - the people who actually teach students are more and more hedgehog Jul 2014 #103

We can partly blame the academic rankings race. nitpicker Jul 2014 #112

We live in a corrupt, criminal oligarchy. woo me with science Jul 2014 #3

Silhouette Man is excellent pleinair Jul 2014 #10

+1,000 malaise Jul 2014 #20

+ infinity..... dhill926 Jul 2014 #34

+infinity daleanime Jul 2014 #59

+1000 smirkymonkey Jul 2014 #115

An additional $100k in late penalties and interest? CrispyQ Jul 2014 #4

In FIVE years. The original amount doubled in five years. Its outrageous extortion nt riderinthestorm Jul 2014 #6

I'm in the same position, borrowed about 48K for grad school and smirkymonkey Jul 2014 #116

It's all about the upward transfer of wealth! Divernan Jul 2014 #17

Usury is a sin in the bible n2doc Jul 2014 #5

twas the only time Jesus was violent questionseverything Jul 2014 #55

Letting this family off the hook would encourage others to send their kids to expensive schools, Brickbat Jul 2014 #11

True, very true. closeupready Jul 2014 #24

This was a Republican "fix" to bankruptcy laws. WhiteTara Jul 2014 #12

At 75 thousand per year or so, I wonder what his tax rate is. davidthegnome Jul 2014 #13

+++++ marions ghost Jul 2014 #30

He is a minister and they are exempt. I would guess his wife is also considered a lay minister. jwirr Jul 2014 #33

35%?!? ieoeja Jul 2014 #54

The Student Loan Laws are the problem, but the parents Ilsa Jul 2014 #14

Beside the point. marions ghost Jul 2014 #28

State BSN is not always an option exboyfil Jul 2014 #40

Yes, it is always dependent on location and Ilsa Jul 2014 #92

Thank You exboyfil Jul 2014 #110

It effing DOUBLED in less than FIVE YEARS??? This has GOT to STOP! DesertDiamond Jul 2014 #18

The effective interest rate looks to be about 14% taught_me_patience Jul 2014 #95

Our economic system is seriously broken. Initech Jul 2014 #19

If they really want to fix the economy the next bailout should be a debt forgiveness bailout for the jwirr Jul 2014 #21

There are ways to discharge student loans. AtheistCrusader Jul 2014 #23

They would be in the same situation for a car loan or home loan. Nt Logical Jul 2014 #25

The difference being they could sell the house or car. tammywammy Jul 2014 #26

I am sure many homes are $100,000 under water. nt Logical Jul 2014 #50

Such loans can be discharged in bankruptcy davidn3600 Jul 2014 #113

Private Student Loans stink. mwooldri Jul 2014 #27

Only in America... marions ghost Jul 2014 #29

I'm not unsympathetic, but... JayhawkSD Jul 2014 #31

understand where you are coming from, however I challenge some of the assumptions magical thyme Jul 2014 #42

Yes, corruption is endemic. JayhawkSD Jul 2014 #48

I have to disagree..... daleanime Jul 2014 #63

Nah... RobinA Jul 2014 #68

I think you miss my point. JayhawkSD Jul 2014 #78

I happened to be walking through Washington Square Park... meaculpa2011 Jul 2014 #32

This is probably going to get me flamed, Jenoch Jul 2014 #35

It is criminal how these student loan outfits work. Lex Jul 2014 #51

You are correct of course. Jenoch Jul 2014 #57

Life Insurace on Student for Private Student Loan Debt Co-Signed for by the Parents HWPixHend Jul 2014 #87

Nonsense RobinA Jul 2014 #69

IF you could read you'd see Lex Jul 2014 #71

Ya Got That Right! RobinA Jul 2014 #91

LOL. Lex Jul 2014 #94

You are 100% correct! Nt Logical Jul 2014 #52

Which is why I laugh when my son says MissB Jul 2014 #38

Bravo. meaculpa2011 Jul 2014 #44

Private student loans should be treated like other consumer debt. Gormy Cuss Jul 2014 #39

You're right. Why do they get protection without giving something up? Jenoch Jul 2014 #60

As usual, "thanks, Uncle Ronnie". ieoeja Jul 2014 #41

That program ended because... meaculpa2011 Jul 2014 #46

Yep Tetris_Iguana Jul 2014 #49

But, as I point out in my post, everybody wins even when they do cheat. ieoeja Jul 2014 #62

I have no sympathy at all. There are so many financial mistakes here taught_me_patience Jul 2014 #43

Careful... meaculpa2011 Jul 2014 #47

You are correct, this is not the governments fault. nt Logical Jul 2014 #53

Then I'm glad you're not in charge. closeupready Jul 2014 #56

Well, your right about one thing... daleanime Jul 2014 #64

My post was more about the deadbeat dad taught_me_patience Jul 2014 #82

Students are being taught that paying for agreed upon obligations NM_Birder Jul 2014 #74

Student loan debt can't be discharged in bankruptcy. nt riderinthestorm Jul 2014 #101

Of course mistakes were made. Jenoch Jul 2014 #90

That doesn't sound quite ann--- Jul 2014 #65

It Depends RobinA Jul 2014 #70

Too many unanswered questions: Ilsa Jul 2014 #100

It's to late to complain about the conditions ... AFTER you borrow money NM_Birder Jul 2014 #72

And this is one of the many things wrong with capitalism TBF Jul 2014 #76

For every moron "forced" to borrow stupid amounts of money NM_Birder Jul 2014 #84

AGAIN - blaming all the individuals you can think of without TBF Jul 2014 #85

No idea who Jamie Dimon is, care even less, has no bearing. NM_Birder Jul 2014 #86

Typical right-wing viewpoint - TBF Jul 2014 #98

Who Cares RobinA Jul 2014 #97

Again with blaming the victim. TBF Jul 2014 #99

Yes, those deadbeat parents should lose everything they own... bluesbassman Jul 2014 #114

this is very timely for me steve2470 Jul 2014 #75

Do not co-sign loans. tammywammy Jul 2014 #120

George Carlin on education - TBF Jul 2014 #77

Never co-sign for nobody! GOLGO 13 Jul 2014 #80

This message was self-deleted by its author lostincalifornia Jul 2014 #104

Loans not subject to bankruptcy... discntnt_irny_srcsm Jul 2014 #109

Oh don't worry, they have their end covered. Tetris_Iguana Jul 2014 #117

Not worried about their end discntnt_irny_srcsm Jul 2014 #119