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Exactly

Posted on: February 19, 2020 at 21:55:24 CT

Sal CMSU

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229171

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M.O.B. Votes:

I think I budgeted myself about $130k under what the bank said they would loan me. Weird how I didn't automatically just take the max, I guess.

Please explain why this message is being reported.

REPLY

MESSAGE THREAD

Why should student debt be cancelled? Were those loans - hefeweizen MU

- 2/19 21:27:26

I'm scrimping to pay my kid's college plus saving for the - TigerFan92 MU - 2/19 21:53:23

BTW how do these kids get loans without their parents signin - TigerFan92 MU - 2/19 21:59:09

when i went to school - meatiger MU - 2/19 22:02:47

not forced on them - meatiger MU - 2/19 21:34:45

RE: not forced on them - MOCO SON MU - 2/19 21:44:15

Why shouldn't it have been given to them - Sal MU

- 2/19 21:39:07

Because it was bad debt(nm) - meatiger MU - 2/19 21:40:24

How can a lender determine - Sal MU

- 2/19 21:41:05

I am not sure how meat believes the process should work - 4TigersinMichigan MU - 2/19 21:42:30

they do it every day - meatiger MU - 2/19 21:42:10

They borrowed the money, they should pay it back not - TigerMatt STL - 2/19 21:47:11

Screwed over by allowing them to borrow money?(nm) - hefeweizen MU

- 2/19 21:37:39

yes(nm) - meatiger MU - 2/19 21:39:16

But it would be racist and sexist to deny them. (nm) - hefeweizen MU

- 2/19 21:40:41

Who forced them to take loans to pay for an education - 4TigersinMichigan MU - 2/19 21:36:11

When we bought our current home about ten years ago we sat - DHighlander NWMSU - 2/19 21:48:08

RE: When we bought our current home about ten years ago we sat - meatiger MU - 2/19 21:56:15

I somewhat understand those laws. If I default on a house - DHighlander NWMSU - 2/19 22:04:52

I say if a person defaults on student loans their organs - Emoji Man MSU - 2/20 02:23:16

and then the housing crisis - meatiger MU - 2/19 22:10:42

No doubt that the banks got swamped by foreclosures but - DHighlander NWMSU - 2/19 22:29:16

Yep - 4TigersinMichigan MU - 2/19 21:49:08

Actually yes - meatiger MU - 2/19 21:38:58

Oh, they weren't told what a loan means? (nm) - hefeweizen MU

- 2/19 21:43:39

RE: Oh, they weren't told what a loan means? (nm) - meatiger MU - 2/19 21:44:46

So they should be cancelled because of stupidity? (nm) - hefeweizen MU

- 2/19 21:46:10

RE: So they should be cancelled because of stupidity? (nm) - meatiger MU - 2/19 21:47:12

RE: So they should be cancelled because of stupidity? (nm) - hefeweizen MU

- 2/19 21:50:12

yes i did - meatiger MU - 2/19 21:51:02

And you want them cancelled. Just admit it(nm) - hefeweizen MU

- 2/19 21:52:36

Not at all - meatiger MU - 2/19 22:00:59

Here we go - Sal MU

- 2/19 21:48:13

No - meatiger MU - 2/19 21:49:25

Go after them for what? Expecting to be paid?(nm) - hefeweizen MU

- 2/19 21:52:00

RE: Go after them for what? Expecting to be paid?(nm) - meatiger MU - 2/19 22:11:47

RE: No - MOCO SON MU - 2/19 21:50:40

RE: No - meatiger MU - 2/19 21:51:58

RE: No - MOCO SON MU - 2/19 21:52:34

What is fraudulent when you are told the terms in advance of - TigerMatt STL - 2/19 21:50:27

how can it be fraud when it was a voluntary - Sal MU

- 2/19 21:49:56

That is not the fault of the lender (nm) - Sal MU

- 2/19 21:45:23

Well, this is where we disagree - 4TigersinMichigan MU - 2/19 21:41:36

Have you never applied for a mortgage before? - Sal MU

- 2/19 21:40:39

Early on I had a real estate agent ask me point blank - 4TigersinMichigan MU - 2/19 21:44:00

The bank still had a limit...correct? - meatiger MU - 2/19 21:46:40

I've had banks offer me 4X my income in mortgage loans. - TigerMatt STL - 2/19 21:52:56

Exactly - Sal MU

- 2/19 21:55:24

I have done the same - meatiger MU - 2/19 21:58:40

High schools don't teach personal finance - ashtray UF - 2/19 22:21:04

agreed(nm) - meatiger MU - 2/19 22:26:44

I agree we should have less money available - 4TigersinMichigan MU - 2/19 21:48:32

RE: The bank still had a limit...correct? - MOCO SON MU - 2/19 21:48:28

Nobody is stating the bank offers an unlimited loan (nm) - Sal MU

- 2/19 21:47:18

The government, with the help - meatiger MU - 2/19 21:48:10

correct (nm) - Sal MU

- 2/19 21:44:46

Yes. Many times - meatiger MU - 2/19 21:43:10

you really seem clueless (nm) - Sal MU

- 2/19 21:45:01

it shouldn't be (nm) - Sal MU

- 2/19 21:32:20

And we punish those who scrimped, saved, worked - 4TigersinMichigan MU - 2/19 21:30:02

yep, just like bailing out farmers, banks, - ashtray UF - 2/19 22:32:39

RE: And we punish those who scrimped, saved, worked - MOCO SON MU - 2/19 21:31:00

RE: Why should student debt be cancelled? Were those loans - MOCO SON MU - 2/19 21:29:11

Never understood that(nm) - tigerNkc MU

- 2/19 21:28:35