General Discussion

Orrex

(67,093 posts)

32. RE: "the knowledge in your head"

Wed Aug 6, 2014, 03:52 PM

Aug 2014

I see what you're getting at there, though I still find it problematic. Since education doesn't guarantee employability (or even provide much of an advantage outside of high-level professional fields), the argument is unpersuasive, even if education in itself is "NOT worthless." The fact that I get to keep "the knowledge in your head" shouldn't render the loan impervious to bankruptcy. I mean, if I ran up $40,000 on my Visa because I used my cards to pay for my appendectomy with complications, I could still discharge the credit card debt through bankruptcy, even though the incision has healed and I continue to recieve a benefit that is not worthless.

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Thanks GOP. Parent's Of Deceased Children Inherit Their Student Loan Debt. [View all] TheMastersNemesis Aug 2014 OP

The Federal government is a culprit in this...the whole student loan process is a disgrace randys1 Aug 2014 #1

If they co-signed for the loans, then of course they are responsible for paying them. Sheldon Cooper Aug 2014 #2

Yup. Agschmid Aug 2014 #5

They're not. Igel Aug 2014 #7

I guess it would be a good idea to carry life insurance on your kid if you are Sheldon Cooper Aug 2014 #10

That is a good idea, if you have co-signed for them badtoworse Aug 2014 #12

For a healthy 20-something adult with no bad habits , Sheldon Cooper Aug 2014 #13

That's an excellent idea for any co-signed loan. MineralMan Aug 2014 #14

Exactly. Either people are stupid or think laws don't apply to them joeglow3 Aug 2014 #16

That's a cruel and false dichotomy Orrex Aug 2014 #21

Thanks. Sheldon Cooper Aug 2014 #25

Bullshit joeglow3 Aug 2014 #26

I'm not telling you to hold back Orrex Aug 2014 #27

If student loans could be discharged through bankruptcy, the interest rates would likely be higher. badtoworse Aug 2014 #29

Ergo: Orrex Aug 2014 #31

Bankruptcy is not the only risk or consideration in setting loan rates badtoworse Aug 2014 #36

Zero risk of default? Ultimately, very close to it.. Orrex Aug 2014 #37

We're not going to agree on this badtoworse Aug 2014 #38

You didn't propose a solution Orrex Aug 2014 #39

I don't take joy at people struggling with debt, but I'm not willing to just forgive it either. badtoworse Aug 2014 #40

I am not shitting all over a grieving family joeglow3 Aug 2014 #30

RE: "the knowledge in your head" Orrex Aug 2014 #32

+100 nt LiberalEsto Aug 2014 #34

- Takket Aug 2014 #3

Or don't co-sign loans. joeglow3 Aug 2014 #17

I think this is only in the case of the parents having cosigned the loan. enough Aug 2014 #4

The problem is private bank loans that parent's cosign for Marrah_G Aug 2014 #6

Post removed Post removed Aug 2014 #8

In answer to your statement Stargazer99 Aug 2014 #9

George R. R. Martin called. He wants to know if you have any other epic fantasy ideas he could use. Nuclear Unicorn Aug 2014 #19

If a repuke is elected POTUS hifiguy Aug 2014 #11

Something I didn't see mentioned, when the student loan goes through shraby Aug 2014 #15

So, you pay $5 a month for a term life policy on the student. joeglow3 Aug 2014 #18

"Honestly, I am surprised banks don't offer it..." Nuclear Unicorn Aug 2014 #20

Even if they did laundry_queen Aug 2014 #23

That would be true for any loan you co-sign for. tammywammy Aug 2014 #22

Is there a link please? I would like to know for sure if it is only onecent Aug 2014 #24

If you co-sign on a loan then you should also get term life insurance on the borrower mwrguy Aug 2014 #28

The law passed 74-25 in the Senate. 73 House Dems voted for it. BKH70041 Aug 2014 #33

That is only true if liberalhistorian Aug 2014 #35