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A taxpayer gave you a dollar for dollar loan to go to college if you take out federal loans. You ain't robbing me so you will take your student debt to your gra

A taxpayer gave you a dollar for dollar loan to go to college if you take out federal loans. You ain't robbing me so you will take your student debt to your grave. If you don't want to be in debt then don't go in debt.

eesmith 4y ago
Again, why are student loans so special compared to all other loans from the government? Quick DDG search finds https://www.bankruptcysoapbox.com/government-loans-that-bankruptcy-wipes-out/ https://www.bankruptcysoapbox.com/government-loans-that-bank... : > Believe it or not, certain unsecured loans from government entities are dischargeable in bankruptcy. > This includes SBA loans, and loans made through The Department of Veteran’s Affairs (VA), Department of Housing and Urban Development (HUD) and others. or from https://www.alllaw.com/articles/nolo/bankruptcy/discharge-sba-loan.html https://www.alllaw.com/articles/nolo/bankruptcy/discharge-sb... > On the contrary, with the exception of student loans, most government loans including SBA loans can be easily discharged in bankruptcy.
- sys_64738 4y ago
  Maybe we need to fix those other government loans being forgiven then by fixing bankruptcy laws.
  - eesmith 4y ago
    Look, everyone who loans money must be aware that the loan recipient can declare bankruptcy, and plan accordingly - typically by raising the interest rate slightly. Without bankruptcy laws we end up with debt bondage and peonage. You know that companies can also have government loans, right? Because of limited liability, the owners can declare bankruptcy and dissolve the company without being personally liable. Which sounds like you want capitalists to have more freedom in what they do with government money than those who accept personal debt. The rich get richer and the poor become peons.
    - sys_64738 4y ago
      Government shouldn’t be in the student loans business. That’s entirely the point and there should be no federal loan forgiveness.
      - eesmith 4y ago
        No, that's a different point about what you think reality should be like. While you don't like it, the government is in the student loan business so, like everyone who loans money, must accept that they might not get all the money back. Besides, your point seems to be that government shouldn't loan any money if there's any sort of risk, not just to students. And apparently that companies with limited liability protection shouldn't take government loans either.
        sys_64738 4y ago
        You’re the one who wanted to include other types of government debt. I was talking specifically about student debt in the first instance. Bottom line, I don’t want students leeching off my taxpayer dollars. If they can’t pay it back then that’s their problem but they won’t escape their debt commitment if I have any say.
        eesmith 4y ago
        Again I ask why student loans are so special compared to all other government loans. Do you want veterans leeching off your taxpayer dollars via VA loans and then declaring bankruptcy? Do you want homeowners leeching of your taxpayer dollars via HUD loans and then declaring bankruptcy?
        sys_64738 4y ago
        1.6 trillion reasons.
        eesmith 4y ago
agiacalone 4y ago
Sorry, no. What about the student loan "processing agencies" which take a cut from student loan interest? What do they owe society? Are you saying that there's no fault there? What about the money that does go to uni? Did it just disappear? What about universities that intentionally increase tuition because of the high availability of student loans? When you're 2-years in to a 4-year degree, and the uni increases prices...what happens then? Abandon the program? Not? Back when I was a student, my uni increased tuition fees nearly every semester. This is nowhere as clear-cut as you make it out to be. Edit: one more thing...how in the hell is a 17-year old high-school student supposed to figure all that out when every adult in their life is encouraging them to go to uni? We're essentially saddling our youth today with life-long debt before they're really capable of understanding the consequences of doing so.
- sys_64738 4y ago
  Nobody forces you to take federal loans. It’s not my problem if you can’t pay it back either but you will pay back the taxpayer for federal loans. The reason student fees are through the roof is entirely due to federal loans. Do away with such and the system will self-correct.

eesmith 4y ago

Again, why are student loans so special compared to all other loans from the government? Quick DDG search finds https://www.bankruptcysoapbox.com/government-loans-that-bankruptcy-wipes-out/ https://www.bankruptcysoapbox.com/government-loans-that-bank... : > Believe it or not, certain unsecured loans from government entities are dischargeable in bankruptcy. > This includes SBA loans, and loans made through The Department of Veteran’s Affairs (VA), Department of Housing and Urban Development (HUD) and others. or from https://www.alllaw.com/articles/nolo/bankruptcy/discharge-sba-loan.html https://www.alllaw.com/articles/nolo/bankruptcy/discharge-sb... > On the contrary, with the exception of student loans, most government loans including SBA loans can be easily discharged in bankruptcy.

sys_64738 4y ago
Maybe we need to fix those other government loans being forgiven then by fixing bankruptcy laws.
- eesmith 4y ago
  Look, everyone who loans money must be aware that the loan recipient can declare bankruptcy, and plan accordingly - typically by raising the interest rate slightly. Without bankruptcy laws we end up with debt bondage and peonage. You know that companies can also have government loans, right? Because of limited liability, the owners can declare bankruptcy and dissolve the company without being personally liable. Which sounds like you want capitalists to have more freedom in what they do with government money than those who accept personal debt. The rich get richer and the poor become peons.
  - sys_64738 4y ago
    Government shouldn’t be in the student loans business. That’s entirely the point and there should be no federal loan forgiveness.
    - eesmith 4y ago
      No, that's a different point about what you think reality should be like. While you don't like it, the government is in the student loan business so, like everyone who loans money, must accept that they might not get all the money back. Besides, your point seems to be that government shouldn't loan any money if there's any sort of risk, not just to students. And apparently that companies with limited liability protection shouldn't take government loans either.
      - sys_64738 4y ago
        You’re the one who wanted to include other types of government debt. I was talking specifically about student debt in the first instance. Bottom line, I don’t want students leeching off my taxpayer dollars. If they can’t pay it back then that’s their problem but they won’t escape their debt commitment if I have any say.
        eesmith 4y ago
        Again I ask why student loans are so special compared to all other government loans. Do you want veterans leeching off your taxpayer dollars via VA loans and then declaring bankruptcy? Do you want homeowners leeching of your taxpayer dollars via HUD loans and then declaring bankruptcy?
        sys_64738 4y ago
        1.6 trillion reasons.
        eesmith 4y ago

agiacalone 4y ago

Sorry, no. What about the student loan "processing agencies" which take a cut from student loan interest? What do they owe society? Are you saying that there's no fault there? What about the money that does go to uni? Did it just disappear? What about universities that intentionally increase tuition because of the high availability of student loans? When you're 2-years in to a 4-year degree, and the uni increases prices...what happens then? Abandon the program? Not? Back when I was a student, my uni increased tuition fees nearly every semester. This is nowhere as clear-cut as you make it out to be. Edit: one more thing...how in the hell is a 17-year old high-school student supposed to figure all that out when every adult in their life is encouraging them to go to uni? We're essentially saddling our youth today with life-long debt before they're really capable of understanding the consequences of doing so.

sys_64738 4y ago
Nobody forces you to take federal loans. It’s not my problem if you can’t pay it back either but you will pay back the taxpayer for federal loans. The reason student fees are through the roof is entirely due to federal loans. Do away with such and the system will self-correct.