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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:16 PM Original message |
Student loans turn into crushing burden for unwary borrowers |
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Orrex (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:20 PM Response to Original message |
1. Cue DU's 'You Should Have Known Better' squad in three... two... |
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Lorien (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 07:36 PM Response to Reply #1 |
48. Yep. DU turns into Freeperland when anyone makes over 24k a year |
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AtomicKitten (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:24 PM Response to Original message |
2. Congress needs to fix this version of predatory lending ASAP. |
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Dreamer Tatum (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 03:36 PM Response to Reply #2 |
25. Lending to a future lawyer at 8.8% isn't predatory nt |
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AtomicKitten (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 04:53 PM Response to Reply #25 |
39. The private loans at an interest rate of 11-12% is predatory particularly |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 06:34 PM Response to Reply #39 |
41. That is predatory and illegal I believe. Schools are suppose to tap federal loans FIRST (n/t) |
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onethatcares (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:28 PM Response to Original message |
3. are there any countries where a university education is |
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maseman (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 04:15 PM Response to Reply #3 |
30. If you are from Canada and go to school there |
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LostinVA (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 04:17 PM Response to Reply #3 |
32. Australia -- I THINK Japan |
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elehhhhna (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 04:45 PM Response to Reply #3 |
36. yes, but they require you have the intelligencel to attend -- versus the cash |
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FirstLight (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:28 PM Response to Original message |
4. It happened to me... |
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knitter4democracy (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:34 PM Response to Reply #4 |
6. I believe it. |
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Orrex (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:42 PM Response to Reply #4 |
10. I feel your pain, believe me |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 03:56 PM Response to Reply #10 |
28. Supposedly there are 117 million households |
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LostinVA (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 04:23 PM Response to Reply #10 |
33. I defaulted in 1990 because I was laid off -- they wouldn't give me ONE MONTH'S reprieve |
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knitter4democracy (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:32 PM Response to Original message |
5. Those private loans really suck, too. |
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riverdeep (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:38 PM Response to Original message |
7. I think a lot of peole will say that taking on certain kinds of debt |
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Systematic Chaos (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:41 PM Response to Original message |
8. Just don't let C#9 see this one. |
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Brooklyns_Finest (747 posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:41 PM Response to Original message |
9. No Sympathy |
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Orrex (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:44 PM Response to Reply #9 |
12. You're missing the point entirely |
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Brooklyns_Finest (747 posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:55 PM Response to Reply #12 |
19. It doesn't have to be that way |
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tammywammy (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:58 PM Response to Reply #19 |
20. I agree |
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Brooklyns_Finest (747 posts) Send PM | Profile | Ignore | Sat Dec-27-08 03:08 PM Response to Reply #20 |
21. I hope it works out for you |
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tammywammy (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 03:14 PM Response to Reply #21 |
22. . |
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Dreamer Tatum (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 03:38 PM Response to Reply #12 |
26. In her case, the dollar amount is ENTIRELY the issue |
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Orrex (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 06:27 PM Response to Reply #26 |
40. She's one example out of millions of debtors |
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LostinVA (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 04:27 PM Response to Reply #9 |
34. That's what law school costs, which is why I didn't go |
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stranger81 (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 04:28 PM Response to Reply #9 |
35. California public law schools -- UC Berkeley, UC Davis & UCLA -- are quite expensive |
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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 08:23 PM Response to Reply #35 |
49. yes, UCLA Campus housing starts at about $1000 / sharing a unit |
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gblady (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:44 PM Response to Original message |
11. me. too..... |
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Orrex (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:47 PM Response to Reply #11 |
14. In a word, no |
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FirstLight (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:49 PM Response to Reply #11 |
16. I surely HOPE & PRAY the PE Obama will figure out a way to ease this |
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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 08:39 PM Response to Reply #16 |
53. You can always go back to finish your AA, taking evening classes |
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FirstLight (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 10:28 PM Response to Reply #53 |
61. Oh i'v GOT my AA...it's the BA that's the problem |
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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 10:30 PM Response to Reply #61 |
62. I see... Yes, BA is much more expensive. |
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bluestateguy (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:45 PM Response to Original message |
13. Bankruptcy laws should be changed to discharge student loan debt |
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Orrex (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:49 PM Response to Reply #13 |
17. You're right on both counts |
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tammywammy (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:51 PM Response to Reply #13 |
18. No, they explicitly tell you when you sign up for the loans that it cannot be written off in a BK |
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GReedDiamond (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 04:16 PM Response to Reply #13 |
31. There is no statute of limitations on student loans... |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 07:11 PM Response to Reply #31 |
45. Agreed it is horrible. |
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GReedDiamond (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 08:32 PM Response to Reply #45 |
52. In my case, I beat them... |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 09:35 PM Response to Reply #52 |
57. Glad you got "out" most never do. |
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GReedDiamond (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 10:26 PM Response to Reply #57 |
60. RE: "the debt has a long potential repayment lifetime" |
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Lyric (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 02:48 PM Response to Original message |
15. All of my loans are Federal government ones right now, but |
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MissB (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 03:15 PM Response to Reply #15 |
23. I hope you can get some financial aid |
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aikoaiko (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 03:26 PM Response to Original message |
24. I empathize, but Marja is still grossing 42k/yr after loan payments doing a job she wants to do. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 06:44 PM Response to Reply #24 |
43. Agreed. |
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Lorien (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 07:34 PM Response to Reply #24 |
47. Um, have you ever looked into the cost of living in the Burbank area? |
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aikoaiko (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 09:52 PM Response to Reply #47 |
58. I get it -- she's not living large, but she can pay her well deserved bills and room/board. |
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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 10:07 PM Response to Reply #58 |
59. Yes, she can pay her bills but little else. many 1st gen students attend college 2 help family |
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alarimer (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 03:45 PM Response to Original message |
27. I've said it before: higher education should be FREE. |
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elehhhhna (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 04:49 PM Response to Reply #27 |
38. ...or at leat 100% tax-deductable: tuition, room board & BOOKS (a big racket). |
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Thothmes (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 08:26 PM Response to Reply #27 |
50. It is never "FREE" every red cent is paid for by our taxes. |
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Creideiki (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 08:40 PM Response to Reply #27 |
55. Now, now, |
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riverdeep (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 04:12 PM Response to Original message |
29. Seems like rising school costs are also part of it. |
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elehhhhna (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 04:48 PM Response to Reply #29 |
37. we also need legitimate trade schools. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 07:06 PM Response to Reply #37 |
44. God YES |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 06:42 PM Response to Original message |
42. Typical "centrist" scheme, student loans turned into corporate welfare |
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QC (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 08:56 PM Response to Reply #42 |
56. BINGO! |
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bluestateguy (1000+ posts) Send PM | Profile | Ignore | Sun Dec-28-08 12:55 PM Response to Reply #42 |
63. Clinton's Direct Loan program was a good program |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Sun Dec-28-08 02:59 PM Response to Reply #63 |
67. Never heard of it, and apparently neither did the financial office of my school. |
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bluestateguy (1000+ posts) Send PM | Profile | Ignore | Sun Dec-28-08 03:06 PM Response to Reply #67 |
68. Here |
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Lorien (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 07:23 PM Response to Original message |
46. Geez, and having done some cost of living analysis in Burbank myself |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 08:29 PM Response to Original message |
51. All of this crap started under Raygun. |
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SOS (1000+ posts) Send PM | Profile | Ignore | Sun Dec-28-08 01:19 PM Response to Reply #51 |
66. People our age seem to have escaped the worst of it |
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northernlights (1000+ posts) Send PM | Profile | Ignore | Sat Dec-27-08 08:39 PM Response to Original message |
54. I'm a nervous wreck too |
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ProudDad (1000+ posts) Send PM | Profile | Ignore | Sun Dec-28-08 01:12 PM Response to Original message |
64. When I was young and in college |
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ProudDad (1000+ posts) Send PM | Profile | Ignore | Sun Dec-28-08 01:13 PM Response to Reply #64 |
65. WHO THE F*CK |
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