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In reply to the discussion: Should Student Loans be Dischargeable in Bankruptcy ? [View all]xocet
(4,442 posts)33. FYI: Education should be fully funded by the government. It is an investment in society's future.
That video is a rehashing of the simplistic idea that any circumstance can be overcome by positive thinking alone.
Suze Orman comes across in this video as the Benny Hinn of the financial world. Orman's twist to the religious idea of having faith is that one must address one's problems by "standing in one's truth."
(time index 5:32)
Orman: "When you have more energy, you attract things to you. Cause everybody wants to be around a powerful, energetic person. Who knows? You may be making $20,000 a year today, but when you learn to stand in your truth, when you learn to change your ways a little, you might be making $40,000, $60,000, $80,000 one year. Anything is possible if you dare to dream, if you dare to be the man that were born to be, if you dare to look in the mirror and just for once like what you see looking back. So, I want you to stand straight right now. In fact, I want you to come down here for a second. (applause) ... (inaudible) ... Stand with me. Look at this face. Look at this man. Look at this incredible human being. ..."
Orman: "When you have more energy, you attract things to you. Cause everybody wants to be around a powerful, energetic person. Who knows? You may be making $20,000 a year today, but when you learn to stand in your truth, when you learn to change your ways a little, you might be making $40,000, $60,000, $80,000 one year. Anything is possible if you dare to dream, if you dare to be the man that were born to be, if you dare to look in the mirror and just for once like what you see looking back. So, I want you to stand straight right now. In fact, I want you to come down here for a second. (applause) ... (inaudible) ... Stand with me. Look at this face. Look at this man. Look at this incredible human being. ..."
(smacking Larry with the microphone) Orman: "Hallelujah! In the name of my audience, my show and my financial gospel, you are healed!!!" (audience sings Hymn 43, fade to black)
If the USA can afford to bailout the banks, there is no reason that the USA should not provide education to its citizens as an investment in its own future.
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No. Most graduates won't want to have bankruptcy on their record for the next seven years.
pnwmom
Jan 2012
#25
No. The interest rate on a National Direct Student Loan (meaning it did NOT go through private banks
1monster
Jan 2012
#41
no. student loan companies gave money to congress to get the exemption. that's the reason.
limpyhobbler
Jan 2012
#13
Oh stop bringing facts to the argument. The guy wants to punish these lazy youngsters
gtar100
Jan 2012
#43
Part of the problem is the for-profit schools that exploit people to get the loan money
spooky3
Jan 2012
#14
Would you loan your savings to a college student knowing they can declare bankruptcy the day after
dkf
Jan 2012
#19
Nobody needs to be encouraged to make student loans. The Dept. of Education makes them directly now.
limpyhobbler
Jan 2012
#22
Depends on the student. But declaring bankruptcy has repercussions for at least 7 years
pnwmom
Jan 2012
#26
unpayable student loans should be treated as what they are, a failed investment, watch this video
limpyhobbler
Jan 2012
#29
FYI: Education should be fully funded by the government. It is an investment in society's future.
xocet
Jan 2012
#33
"enormous houses, horses, boats, RV's, retail debt, memberships in this and that"
limpyhobbler
Jan 2012
#38
Isn't denying bankruptcy to all based on irresponsibility of some is painting with a broad brush?
limpyhobbler
Jan 2012
#50
We need to do something to stem the crushing debt, especially from questionable schools.
DirkGently
Jan 2012
#39