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So they should be cancelled because of stupidity? (nm)
Posted on: February 19, 2020 at 21:46:10 CT
hefeweizen
MU
Posts:
124285
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Why should student debt be cancelled? Were those loans
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hefeweizen
MU
-
2/19 21:27:26
I'm scrimping to pay my kid's college plus saving for the
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TigerFan92
MU
-
2/19 21:53:23
BTW how do these kids get loans without their parents signin
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TigerFan92
MU
-
2/19 21:59:09
when i went to school
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meatiger
MU
-
2/19 22:02:47
not forced on them
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meatiger
MU
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2/19 21:34:45
RE: not forced on them
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MOCO SON
MU
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2/19 21:44:15
Why shouldn't it have been given to them
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Sal
MU
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2/19 21:39:07
Because it was bad debt(nm)
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meatiger
MU
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2/19 21:40:24
How can a lender determine
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Sal
MU
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2/19 21:41:05
I am not sure how meat believes the process should work
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4TigersinMichigan
MU
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2/19 21:42:30
they do it every day
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meatiger
MU
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2/19 21:42:10
They borrowed the money, they should pay it back not
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TigerMatt
STL
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2/19 21:47:11
Screwed over by allowing them to borrow money?(nm)
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hefeweizen
MU
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2/19 21:37:39
yes(nm)
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meatiger
MU
-
2/19 21:39:16
But it would be racist and sexist to deny them. (nm)
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hefeweizen
MU
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2/19 21:40:41
Who forced them to take loans to pay for an education
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4TigersinMichigan
MU
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2/19 21:36:11
When we bought our current home about ten years ago we sat
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DHighlander
NWMSU
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2/19 21:48:08
RE: When we bought our current home about ten years ago we sat
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meatiger
MU
-
2/19 21:56:15
I somewhat understand those laws. If I default on a house
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DHighlander
NWMSU
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2/19 22:04:52
I say if a person defaults on student loans their organs
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Emoji Man
MSU
-
2/20 02:23:16
and then the housing crisis
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meatiger
MU
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2/19 22:10:42
No doubt that the banks got swamped by foreclosures but
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DHighlander
NWMSU
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2/19 22:29:16
Yep
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4TigersinMichigan
MU
-
2/19 21:49:08
Actually yes
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meatiger
MU
-
2/19 21:38:58
Oh, they weren't told what a loan means? (nm)
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hefeweizen
MU
-
2/19 21:43:39
RE: Oh, they weren't told what a loan means? (nm)
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meatiger
MU
-
2/19 21:44:46
So they should be cancelled because of stupidity? (nm)
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hefeweizen
MU
-
2/19 21:46:10
RE: So they should be cancelled because of stupidity? (nm)
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meatiger
MU
-
2/19 21:47:12
RE: So they should be cancelled because of stupidity? (nm)
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hefeweizen
MU
-
2/19 21:50:12
yes i did
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meatiger
MU
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2/19 21:51:02
And you want them cancelled. Just admit it(nm)
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hefeweizen
MU
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2/19 21:52:36
Not at all
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meatiger
MU
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2/19 22:00:59
Here we go
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Sal
MU
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2/19 21:48:13
No
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meatiger
MU
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2/19 21:49:25
Go after them for what? Expecting to be paid?(nm)
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hefeweizen
MU
-
2/19 21:52:00
RE: Go after them for what? Expecting to be paid?(nm)
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meatiger
MU
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2/19 22:11:47
RE: No
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MOCO SON
MU
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2/19 21:50:40
RE: No
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meatiger
MU
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2/19 21:51:58
RE: No
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MOCO SON
MU
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2/19 21:52:34
What is fraudulent when you are told the terms in advance of
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TigerMatt
STL
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2/19 21:50:27
how can it be fraud when it was a voluntary
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Sal
MU
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2/19 21:49:56
That is not the fault of the lender (nm)
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Sal
MU
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2/19 21:45:23
Well, this is where we disagree
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4TigersinMichigan
MU
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2/19 21:41:36
Have you never applied for a mortgage before?
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Sal
MU
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2/19 21:40:39
Early on I had a real estate agent ask me point blank
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4TigersinMichigan
MU
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2/19 21:44:00
The bank still had a limit...correct?
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meatiger
MU
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2/19 21:46:40
I've had banks offer me 4X my income in mortgage loans.
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TigerMatt
STL
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2/19 21:52:56
Exactly
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Sal
MU
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2/19 21:55:24
I have done the same
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meatiger
MU
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2/19 21:58:40
High schools don't teach personal finance
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ashtray
UF
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2/19 22:21:04
agreed(nm)
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meatiger
MU
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2/19 22:26:44
I agree we should have less money available
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4TigersinMichigan
MU
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2/19 21:48:32
RE: The bank still had a limit...correct?
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MOCO SON
MU
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2/19 21:48:28
Nobody is stating the bank offers an unlimited loan (nm)
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Sal
MU
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2/19 21:47:18
The government, with the help
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meatiger
MU
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2/19 21:48:10
correct (nm)
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Sal
MU
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2/19 21:44:46
Yes. Many times
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meatiger
MU
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2/19 21:43:10
you really seem clueless (nm)
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Sal
MU
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2/19 21:45:01
it shouldn't be (nm)
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Sal
MU
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2/19 21:32:20
And we punish those who scrimped, saved, worked
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4TigersinMichigan
MU
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2/19 21:30:02
yep, just like bailing out farmers, banks,
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ashtray
UF
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2/19 22:32:39
RE: And we punish those who scrimped, saved, worked
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MOCO SON
MU
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2/19 21:31:00
RE: Why should student debt be cancelled? Were those loans
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MOCO SON
MU
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2/19 21:29:11
Never understood that(nm)
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tigerNkc
MU
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2/19 21:28:35