Forgive my student loan!
Replies
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definitely agreed. My parents were willing to go bankrupt, if necessary, to give their kids an education. My wife and I will do the same thing, if necessary.
So tell me who will bear the burden of your bankruptcy? Sounds like anyone BUT your daughter is perfectly ok with you.0 -
...sometimes its better to be poor , at least u get insurance and paid education........
Quite possibly the most uneducated thing I have ever read on the internet.0 -
sorry, fast typing while working....any real points?
Yes, my wife and I wouldn't be doing my daughter any favors by becoming a financial burden to her in our retirement.
creditors can't repossess an education. This education would help my daughter in the future, regardless of the hardships that my wife and I were having.
So basically you are saying you have no problem with putting the burden of your hardships on others.
No, I am saying that I am prepared to make sacrifices in my standard of living to enable to have my children be better prepared for the future. Never have I implied that I would expect my children to take on my care.
In a world where you have a God-given right to retire, then I guess you would expect your children to take on your care.
I don't think you have a God-given right to retire but I think you should have the possibility of being able to save for a retirement. Both of my parents were still working when I graduated. My father was on his second career after 25 years in the military and my mother was a career RN. I took over my student loans when I got on my feet and I have assisted them with expenses as needed but I am in no way supporting them.
I agree. But I don't think any child who is doing their best should forgo an education because their parents feel entitled to a retirement. The parents should not have brought children into the world if they aren't willing to make sacrifices for their children.0 -
sorry, fast typing while working....any real points?
Yes, my wife and I wouldn't be doing my daughter any favors by becoming a financial burden to her in our retirement.
creditors can't repossess an education. This education would help my daughter in the future, regardless of the hardships that my wife and I were having.
So basically you are saying you have no problem with putting the burden of your hardships on others.
No, I am saying that I am prepared to make sacrifices in my standard of living to enable to have my children be better prepared for the future. Never have I implied that I would expect my children to take on my care.
No, you stated that creditors can't repo her education. So what will the be taking of yours so you can pay for her college? Your car? Your furniture? Do you think the creditors will bear the burden of your hardship by themselves?
They can take my home, my car and my furniture and I will continue to work until the loans are paid if that is what is needed to prepare my children for the future. I was raised and am a firm believer in sacrificing everything for my children.0 -
sorry, fast typing while working....any real points?
Yes, my wife and I wouldn't be doing my daughter any favors by becoming a financial burden to her in our retirement.
creditors can't repossess an education. This education would help my daughter in the future, regardless of the hardships that my wife and I were having.
So basically you are saying you have no problem with putting the burden of your hardships on others.
No, I am saying that I am prepared to make sacrifices in my standard of living to enable to have my children be better prepared for the future. Never have I implied that I would expect my children to take on my care.
No, you stated that creditors can't repo her education. So what will the be taking of yours so you can pay for her college? Your car? Your furniture? Do you think the creditors will bear the burden of your hardship by themselves?
They can take my home, my car and my furniture and I will continue to work until the loans are paid if that is what is needed to prepare my children for the future. I was raised and am a firm believer in sacrificing everything for my children.
Now you're sounding silly here. You can't help your children if you can't even help yourself. But there is a difference between putting hardship on your child for the sake of your financial situation in 20 years as opposed to sacrificing the roof over your head.0 -
I agree. But I don't think any child who is doing their best should forgo an education because their parents feel entitled to a retirement. The parents should not have brought children into the world if they aren't willing to make sacrifices for their children.
My wife and I make plenty of sacrifices for our daughter, and will continue to do so. Handing out shopping carts at Walmart when I am 72 will not be one of them.0 -
sorry, fast typing while working....any real points?
Yes, my wife and I wouldn't be doing my daughter any favors by becoming a financial burden to her in our retirement.
creditors can't repossess an education. This education would help my daughter in the future, regardless of the hardships that my wife and I were having.
So basically you are saying you have no problem with putting the burden of your hardships on others.
No, I am saying that I am prepared to make sacrifices in my standard of living to enable to have my children be better prepared for the future. Never have I implied that I would expect my children to take on my care.
No, you stated that creditors can't repo her education. So what will the be taking of yours so you can pay for her college? Your car? Your furniture? Do you think the creditors will bear the burden of your hardship by themselves?
They can take my home, my car and my furniture and I will continue to work until the loans are paid if that is what is needed to prepare my children for the future. I was raised and am a firm believer in sacrificing everything for my children.
Now you're sounding silly here. You can't help your children if you can't even help yourself. But there is a difference between putting hardship on your child for the sake of your financial situation in 20 years as opposed to sacrificing the roof over your head.
I don't think it will come to that and it was probably a bit dramatic, but point being that will do whatever is necessary, including handing out shopping carts at Walmart.0 -
sorry, fast typing while working....any real points?
Yes, my wife and I wouldn't be doing my daughter any favors by becoming a financial burden to her in our retirement.
creditors can't repossess an education. This education would help my daughter in the future, regardless of the hardships that my wife and I were having.
So basically you are saying you have no problem with putting the burden of your hardships on others.
No, I am saying that I am prepared to make sacrifices in my standard of living to enable to have my children be better prepared for the future. Never have I implied that I would expect my children to take on my care.
No, you stated that creditors can't repo her education. So what will the be taking of yours so you can pay for her college? Your car? Your furniture? Do you think the creditors will bear the burden of your hardship by themselves?
They can take my home, my car and my furniture and I will continue to work until the loans are paid if that is what is needed to prepare my children for the future. I was raised and am a firm believer in sacrificing everything for my children.
I expected a response like this from you. So just as I stated, you are perfectly fine with the burden of your hardship going on to anyone other than your daughter.
I was raised to never buy something you can't afford.0 -
I don't think it will come to that and it was probably a bit dramatic, but point being that will do whatever is necessary, including handing out shopping carts at Walmart.
Nothing wrong with working hard. Nothing wrong with working smart either.0 -
I expected a response like this from you. So just as I stated, you are perfectly fine with the burden of your hardship going on to anyone other than your daughter.
I was raised to never buy something you can't afford.
Its impossible to not buy things you can't afford when you live in an environment where nothing is affordable! Nobody can afford colleges these days. Nobody can afford to buy a house these days. I am guessing you are middle-aged, I don't think many of these types have the slightest clue what the young workforce has to deal with these days. High student loan debts, high mortgages, lack of jobs, etc.0 -
Maybe I shouldn't find it disturbing considering the whole housing bust in this country, but this thread is driving me crazy. Do the people that are "pro" loan relief understand that this money is coming fom the rest of the taxpaying citizens? If you bail on your debt, you are simply pushing the responsibility onto every tax payer in this country. If everyone were to adopt the same mentality the US would collapse over night.
There should be a test to become a citizen of the US. If you do not understand how the economics of our nation work, you can't be part of our hard working, tax paying, debt paying group.0 -
I don't think it will come to that and it was probably a bit dramatic, but point being that will do whatever is necessary, including handing out shopping carts at Walmart.
Nothing wrong with working hard. Nothing wrong with working smart either.
No one is saying that I am not work smart. We already have savings plans and such set up for my kids. But if the bottom falls out, I am willing to do what is necessary. This isn't a free ride for my kids, either. I worked in college and they will too if necessary. But I will ensure that they are educated.0 -
I expected a response like this from you. So just as I stated, you are perfectly fine with the burden of your hardship going on to anyone other than your daughter.
I was raised to never buy something you can't afford.
Its impossible to not buy things you can't afford when you live in an environment where nothing is affordable! Nobody can afford colleges these days. Nobody can afford to buy a house these days. I am guessing you are middle-aged, I don't think many of these types have the slightest clue what the young workforce has to deal with these days. High student loan debts, high mortgages, lack of jobs, etc.
I graduated from college 5 years ago. I paid for what academic scholarships didn't cover. Why do you think 60% of people in their late 20's live with their parents? Because they can. Why do you think the student loans are so outrageous? Because people don't *want* to work. College isn't an entitlement. If someone wants it, they'll get it.0 -
Maybe I shouldn't find it disturbing considering the whole housing bust in this country, but this thread is driving me crazy. Do the people that are "pro" loan relief understand that this money is coming fom the rest of the taxpaying citizens? If you bail on your debt, you are simply pushing the responsibility onto every tax payer in this country. If everyone were to adopt the same mentality the US would collapse over night.
There should be a test to become a citizen of the US. If you do not understand how the economics of our nation work, you can't be part of our hard working, tax paying, debt paying group.
You also have to realize if all the young people are so tied up in student loan debt that they can't contribute to the growth of the economy, then the US economy will collapse anyways. Its a matter of finding the path of least resistance. Its not personal, its about survival and sometimes these types of choices need to be made. I would rather our economy survive at my expense (buy paying more taxes) than fail out of principle.0 -
I don't think it will come to that and it was probably a bit dramatic, but point being that will do whatever is necessary, including handing out shopping carts at Walmart.
Nothing wrong with working hard. Nothing wrong with working smart either.
No one is saying that I am not work smart. We already have savings plans and such set up for my kids. But if the bottom falls out, I am willing to do what is necessary. This isn't a free ride for my kids, either. I worked in college and they will too if necessary. But I will ensure that they are educated.
Are you going to move into the dorms with them, force them to go to class, and test for them? Somewhere the student has to want it.0 -
I don't think it will come to that and it was probably a bit dramatic, but point being that will do whatever is necessary, including handing out shopping carts at Walmart.
Nothing wrong with working hard. Nothing wrong with working smart either.
No one is saying that I am not work smart. We already have savings plans and such set up for my kids. But if the bottom falls out, I am willing to do what is necessary. This isn't a free ride for my kids, either. I worked in college and they will too if necessary. But I will ensure that they are educated.
Are you going to move into the dorms with them, force them to go to class, and test for them? Somewhere the student has to want it.
They will want it. That is part of my job as a parent is to put this drive into them and have them know the importance of an education.
ETA: I am not condoning helicopter parenting. It will be their responsibility for their grades and such. It is my responsibility to give them the tools to meet those responsibilities.0 -
I expected a response like this from you. So just as I stated, you are perfectly fine with the burden of your hardship going on to anyone other than your daughter.
I was raised to never buy something you can't afford.
Its impossible to not buy things you can't afford when you live in an environment where nothing is affordable! Nobody can afford colleges these days. Nobody can afford to buy a house these days. I am guessing you are middle-aged, I don't think many of these types have the slightest clue what the young workforce has to deal with these days. High student loan debts, high mortgages, lack of jobs, etc.
I'm calling BS. College is affordable as are houses. People just can't accept the fact that they can't immediately begin their life with an Ivy League education and a mansion in Beverly Hills. You buy what you can afford. My first house was 700sq feet. Before that I lived in apartments. Now I live in a 2400sq ft house on a lake. Still not Beverly Hills but I am working on it. It has taken a long time to get here but I am still trying. I also used to drive a Ford Escort but now have a Mercedes. That didn't happen over-night either!0 -
*tiptoes out* What was I thinking coming in here....0
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I expected a response like this from you. So just as I stated, you are perfectly fine with the burden of your hardship going on to anyone other than your daughter.
I was raised to never buy something you can't afford.
Its impossible to not buy things you can't afford when you live in an environment where nothing is affordable! Nobody can afford colleges these days. Nobody can afford to buy a house these days. I am guessing you are middle-aged, I don't think many of these types have the slightest clue what the young workforce has to deal with these days. High student loan debts, high mortgages, lack of jobs, etc.
I graduated from college 5 years ago. I paid for what academic scholarships didn't cover. Why do you think 60% of people in their late 20's live with their parents? Because they can. Why do you think the student loans are so outrageous? Because people don't *want* to work. College isn't an entitlement. If someone wants it, they'll get it.
Students loans aren't high because people don't want to work. Its because tuition costs keep rising and parents can no longer afford to make up the difference.
It doesn't help us as a whole if only the rich kids or the top 1% who find a way. We need college to be more accessible to everyone.
Try buying a new house from scratch without any help from your parents and then tell me things are easy.0 -
I expected a response like this from you. So just as I stated, you are perfectly fine with the burden of your hardship going on to anyone other than your daughter.
I was raised to never buy something you can't afford.
Its impossible to not buy things you can't afford when you live in an environment where nothing is affordable! Nobody can afford colleges these days. Nobody can afford to buy a house these days. I am guessing you are middle-aged, I don't think many of these types have the slightest clue what the young workforce has to deal with these days. High student loan debts, high mortgages, lack of jobs, etc.
Not sure what the definition of middle-aged is, but I am 42. I am well aware of the issues the young workforce are dealing with. Not going to debate the high student loan debt again. I worked my way through college. High mortgages because they bought more than they could afford. Possibly bought using an ARM.
Will definitely give yout he lack of jobs, but that isn't just a young workforce issue. Many "middle-aged" workers have that same problem.0 -
My entire college education, four years of it, cost around $10K. And I have a very good job. Maybe people should consider their budgets when choosing a university to attend.
Just sayin'.0 -
My entire college education, four years of it, cost around $10K. And I have a very good job. Maybe people should consider their budgets when choosing a university to attend.
Just sayin'.
Yeah, but we are middle-aged.0 -
My entire college education, four years of it, cost around $10K. And I have a very good job. Maybe people should consider their budgets when choosing a university to attend.
Just sayin'.
I'll take my wife for an example, so I don't offend anyone else. She went to an expensive private school to get an education degree. She knew the exact job she wanted, and the exact school she wanted to teach at. Luckily for her, she got the job. Unfortunately for her, her salary was half of what one year at college cost her.
There are too many people making similarly poor fiscal decisions for me to give any real sympathy to the student loan forgiveness idea.0 -
Seriously? Ok, I'll have more money taken out of my paycheck every week to pay off your loans if you will pay off all my medical bills that I can't afford, help me pay my rent, and help me pay all my bills since I'm a single mom. Deal?0
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Was no in the first thread.
It's no in the second thread.
Pay your own bills.
Especially with the amount of my friends who used their student loans to go shopping, travel, spring breaks, alcohol, etc etc.0 -
My entire college education, four years of it, cost around $10K. And I have a very good job. Maybe people should consider their budgets when choosing a university to attend.
Just sayin'.
Yeah, but we are middle-aged.
lol
This was 10 years ago. And my daughter, because we're in a different state that's even cheaper!, could go four years for even less than that.0 -
I expected a response like this from you. So just as I stated, you are perfectly fine with the burden of your hardship going on to anyone other than your daughter.
I was raised to never buy something you can't afford.
Its impossible to not buy things you can't afford when you live in an environment where nothing is affordable! Nobody can afford colleges these days. Nobody can afford to buy a house these days. I am guessing you are middle-aged, I don't think many of these types have the slightest clue what the young workforce has to deal with these days. High student loan debts, high mortgages, lack of jobs, etc.
Not sure what the definition of middle-aged is, but I am 42. I am well aware of the issues the young workforce are dealing with. Not going to debate the high student loan debt again. I worked my way through college. High mortgages because they bought more than they could afford. Possibly bought using an ARM.
Will definitely give yout he lack of jobs, but that isn't just a young workforce issue. Many "middle-aged" workers have that same problem.
So how does a young person who is lucky to make $40K/year out of college (if they are lucky enough to find a job) supposed to pay down on their $50K student loan debt, pay their $1200/month apartment rent, while making payments on their $20K honda civic, while saving up for their $40K down payment, so they can buy their $200K townhouse before they turn 30, because heaven forbids one day they might want to actually start a family. See its almost impossible to start from scratch these days. Most of the young people cannot get out of debt without their parents' help.0 -
I'm not for forgiveness but I am actually for some form of state higher education. And educated society is a prosperous society.0
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My entire college education, four years of it, cost around $10K. And I have a very good job. Maybe people should consider their budgets when choosing a university to attend.
Just sayin'.
Yeah, but we are middle-aged.
lol
This was 10 years ago. And my daughter, because we're in a different state that's even cheaper!, could go four years for even less than that.
But how good is their football team? And would someone feel out of place wearing their Croc boots?0 -
My entire college education, four years of it, cost around $10K. And I have a very good job. Maybe people should consider their budgets when choosing a university to attend.
Just sayin'.
I'll take my wife for an example, so I don't offend anyone else. She went to an expensive private school to get an education degree. She knew the exact job she wanted, and the exact school she wanted to teach at. Luckily for her, she got the job. Unfortunately for her, her salary was half of what one year at college cost her.
There are too many people making similarly poor fiscal decisions for me to give any real sympathy to the student loan forgiveness idea.
Even state schools are all hitting the $10K/year just for tuition alone. It was $4K/year for my school a decade ago and now its $10K/year. There is no avoiding it. You either get a 4-year degree and take on massive student loan debt, or you take a job with low wages. Or if you're the 1% you start a business but that's not going to work for most.0
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