Based on my idiot grandson, these student loans are made with no regard to scholarship (grades or chance of graduating) or ability to repay. Liar loans deja Vu.
On Sun, Apr 22, 2018, 10:13 tyee165 via Mercedes <mercedes@okiebenz.com> wrote: > Education is a wonderful thing but people should not expect to borrow to > finance something that will not provide a career path and then expect to be > forgiven for not paying their debt. > RB > > > Sent from my Galaxy Tab® A > -------- Original message --------From: Mitch Haley via Mercedes < > mercedes@okiebenz.com> Date: 2018-04-22 8:31 AM (GMT-06:00) To: > Mercedes Discussion List <mercedes@okiebenz.com> Cc: Mitch Haley < > mi...@mitchellhaley.com> Subject: Re: [MBZ] OT - but nice > > > On April 21, 2018 at 11:17 PM Scott Ritchey via Mercedes < > mercedes@okiebenz.com> wrote: > > > > > > It's a secret plot to enslave a whole generation with "education" loans > that they can never repay. It's important to keep them stupid so they > don't figure out the plot. In the future, these drones will be loyal to > whoever promises (but never delivers) relief on these debts. Debts, by the > way, that can't be discharged through bankruptcy. > > I think the old 7 year rule of the 1980s and 1990s was a happy medium > between the abuses of the 1970s (the first real world court experience for > a new attorney was often the filing of bankruptcy on his student loans) and > the current 'haunt you to your grave' situation. If the student was still > unable to pay his loans 7 years after his deferments expired, we'd admit > the education was a bad investment and let it go. > > I don't expect anything like 'make them non-dischargeable for 7-10 years' > to gain any traction legislatively these days. If they went back to that, > millions of low income asset free student loan debtors would file BK in the > first six months. > Mitch. > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
