What are your thoughts on student loan forgivness?
I guess the thing is that if someone loans you money, you should pay it back. It's only fair, right? That's the purpose of a mortgage, for example.
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tallpowerhouseblonde · 31-35, F
latinbutterfly · F
@tallpowerhouseblonde Very true.
tallpowerhouseblonde · 31-35, F
@latinbutterfly The best way for a student to repay a loan is to find gainful employment using the qualifications they have obtained as a student.If this is not available then either the student chose the wrong course or their exam results were not good.Either way the blame is with the student.
Forgiveness of a loan changes it to a gift.Banks are not charities.Logical conclusion is no one will be willing to make loans to students because of the risk of not getting back the money.Then students well...will not be students because they have not got the money.Result...Lower education levels.
Forgiveness of a loan changes it to a gift.Banks are not charities.Logical conclusion is no one will be willing to make loans to students because of the risk of not getting back the money.Then students well...will not be students because they have not got the money.Result...Lower education levels.
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tallpowerhouseblonde · 31-35, F
@LvChris You should direct your question to the universities doing that.In the meantime students should make better choices.If they are intelligent enough to attend university they are intelligent enough to pick a course that leads to a good career.
I have a question for you.With scholarships and grants being awarded do you not think students already receive a lot of money that does not have to be paid back?So the student goes "Sorry guys I made a bad choice and wasted all the scholarship and grant money then ran up depts."
I have a question for you.With scholarships and grants being awarded do you not think students already receive a lot of money that does not have to be paid back?So the student goes "Sorry guys I made a bad choice and wasted all the scholarship and grant money then ran up depts."
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tallpowerhouseblonde · 31-35, F
@LvChris I:m going on the assumption that you are exactly as smart as you don't sound.Let me put it very simply so you can understand.
If you default on your car payments will the finance company forgive the loan?No,they will repo your car.
If you default on your mortgage will the bank forgive the dept?No they will foreclose on your house.
Thank you for proving my point.You posted "Looking for stupid people to profit on"Are you now saying that stupid people get into college?
If they are smart enough for college they should definitely know better.There is no excuse for taking out a loan,not paying it back and expecting to be forgiven.
Have you ever thought that high interest rates are because of students defaulting and financial institutions needing to cover that loss?
Get back to me when you realise that banks are not charitable organizations.That writing off loans means putting that cost of doing so onto others.
Even a young child knows to return anything they borrow.
If you default on your car payments will the finance company forgive the loan?No,they will repo your car.
If you default on your mortgage will the bank forgive the dept?No they will foreclose on your house.
Thank you for proving my point.You posted "Looking for stupid people to profit on"Are you now saying that stupid people get into college?
If they are smart enough for college they should definitely know better.There is no excuse for taking out a loan,not paying it back and expecting to be forgiven.
Have you ever thought that high interest rates are because of students defaulting and financial institutions needing to cover that loss?
Get back to me when you realise that banks are not charitable organizations.That writing off loans means putting that cost of doing so onto others.
Even a young child knows to return anything they borrow.
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