www.businessinsider.com
What worthless degree did he get to still owe $120,000 after paying for 20 years?
No, we just want people who take out loans to pay them back.
Except when it's big business.
This. None of this is the taxpayers responsibility. Every once in a while businesses fail, the economy will reset and we'll continue to learn, mature and grow.
This country is so effed. First off, how are charging tens of thousands of dollars for one to receive an education to become a low paid educator?
A Gen Xer got $110,000 in student loans forgiven after he'd paid off more than he borrowed. It's allowed him to scrap his plans to work part time in retirement.
Steven Perry, 58, thought the notice confirming his student-loan forgiveness was a scam. But after decades of payments, he finally got debt relief.
Maybe Clare should have the common sense not to pay 16k for an art degree.
All other kinds of debt can be wiped away in bankruptcy. Not student loans though. They never go away. Student loan companies also charge well above the risk free rate despite having zero risk in getting paid. The way interest is capitalized also works against these people in repaying the debt especially if they consolidate or refinance the loans. The entire student loan industry is predatory.
When you say rich, do mean giving tax breaks to the people who actually pay the taxes?
Educators are not low paid. That is propaganda. Go look at what teachers get paid at the end of their careers. They aren't poor
Are know you've proven that you aren't real bright, but stock holders DO take the loss when the business doesn't do well, that's why the stock price falls. I though you were educated?😆
So our only two options for spending these tax dollars are to fund a foreign war or pay off the debt of some loser who can’t afford the loans he made the decision to take out?
Maybe there shouldn't be lending practices that prey on naïve young adults.
You talking about those 1%er waiters that trump promised to cut taxes on tips for? Are these the rich boogeyman you keep talking about?
Or banks when they make stupid choices.
You really hate it when Republican hypocrisy is pointed out to you and it is undeniable.
Paying off others debts with my tax money is not value it is a scam. Biden and Harris need to go.
What a ridiculous irresponsible take.
Maybe 18 year olds should paint themselves as young adult victims. I knew better than to spend 100k on a degree that would saddle me with debt
Please shown us where every day people were celebrating bailing out irresponsible banks and businesses. Politicians on both sides of the isle bailed them out, not the American people.
All of that is great, do it all. Just don't decide to stick the taxpayers with the bill, which is the default answer now.
This. While I certainly acknowledge the need for assistance for some individuals and the existence of predatory practices surrounding student loans, you can't ignore the fact that this man's student loan situation arose from irresponsible behavior and financial recklessness.
The only change I would support is the lenders take a look at the borrowers past academic record, the degree they intend on graduating with and the long-term prospects for securing a job and making a good living with said degree.
Northern, the next time you lift your face from that trough filled with your own feces and accidentally say something someone wouldn’t mistake for the utterance of a preschooler will be the first.
Let’s go with the Republican plan: give it all to Mark Zuckerberg, Elon Musk, and Warren Buffett.
