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2023-09-24 -Great Cultural Revolution
Borrowers weigh payment boycott as student loan payments set to resume
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Posted by Frank G 2023-09-24 00:00|| E-Mail|| Front Page|| [11128 views ]  Top

#1 People seem to think that they are beyond accountability. Its not just antifa or BLM. Its in our millennial culture. Once their credit goes to zero they will learn to pay their bills. Getting a student loan was a choice, so was getting some stupid degree that would not help you in life. Not my problem to bail you out, get a tent, live on the street, loath you life, I have no sympathy.
Posted by 49 Pan 2023-09-24 12:09||   2023-09-24 12:09|| Front Page Top

#2 "Nobody told me my Queer Studies degree would be worthless..."

Doesn't change the verbiage of whatever loan papers you signed.
Posted by M. Murcek 2023-09-24 12:22||   2023-09-24 12:22|| Front Page Top

#3 Thinking of the discussion in another thread about suing the vaccine companies despite the gummint indemnification. Seems there's a pretty big class here that should be going after the lenders and the universities for teaming up to make loans on what is basically a defective product. Lots of deep pockets to go after.
Posted by M. Murcek 2023-09-24 12:28||   2023-09-24 12:28|| Front Page Top

#4 People seem to think that they are beyond accountability.

Betcha they're going to get away with that.
Posted by Grom the Reflective 2023-09-24 12:29||   2023-09-24 12:29|| Front Page Top

#5 THey have apparently never heard of garnishing paychecks. Which the IRS is very good at.
Posted by Tom 2023-09-24 14:37||   2023-09-24 14:37|| Front Page Top

#6 Most of them have no paycheck to garnish.
Posted by M. Murcek 2023-09-24 14:48||   2023-09-24 14:48|| Front Page Top

#7 #5 You still haven't grasped that a membership in a privileged group = privileges.
Posted by Grom the Reflective 2023-09-24 15:01||   2023-09-24 15:01|| Front Page Top

#8 If contracts become breakable just to let politicians buy votes, it will be a "privilege" all will come to rue equally.
Posted by M. Murcek 2023-09-24 15:10||   2023-09-24 15:10|| Front Page Top

#9 "If", "become"?

Don't we have here dayly articles about double system of justice, double standards in every walk of life, etc.?
Posted by Grom the Reflective 2023-09-24 15:21||   2023-09-24 15:21|| Front Page Top

#10 The problem with messing with debt is it is a market distortion and eventually affects all.

When the cost of borrowing goes up high enough, it will definitely affect the universities, the academics and the communities that depend on those institutions for economic reasons.

There's no way to firewall it so a "privileged class" is unaffected.
Posted by M. Murcek 2023-09-24 15:27||   2023-09-24 15:27|| Front Page Top

#11 Lo these many years ago, when younger son was of that age, he brought me the paperwork for the student loans. After reading thru, it was basically 'sell your soul'.
He went in the Army instead. He's still in the Army. An E-8, promotable. Got a masters degree along the way, on uncle sugar's dime. He trains people. He says he's in for retirement, they'll have to push him out. Then he'll double dip doing the same training job.
Posted by ed in texas 2023-09-24 15:37||   2023-09-24 15:37|| Front Page Top

#12 /\ Sounds familiar. Smart lad !
Posted by Besoeker 2023-09-24 15:46||   2023-09-24 15:46|| Front Page Top

#13 Son #1 - did 5 yrs in Army. Got his BS degree on GI Bill without my money. Got his first year in Law School on scholarship. I'm paying/paid his last 2 years on my dime so he doesn't exit law school with debt. Fuck these whining assholes

By the way - 2nd Amendment Law protection focus.
Posted by Frank G 2023-09-24 16:00||   2023-09-24 16:00|| Front Page Top

#14 /\ Another enterprising young lad. Perhaps there is hope after all.
Posted by Besoeker 2023-09-24 16:11||   2023-09-24 16:11|| Front Page Top

#15 There you go. The people on the GI bill paid up front with service.

The sort that want their loans cancelled now wouldn't have made the cut, most likely.
Posted by M. Murcek 2023-09-24 16:13||   2023-09-24 16:13|| Front Page Top

#16 There IS hope
Posted by Frank G 2023-09-24 16:27||   2023-09-24 16:27|| Front Page Top

#17 Well, their credit score and physical assets I guess.

And good on your son Frank!
Posted by DarthVader 2023-09-24 21:19||   2023-09-24 21:19|| Front Page Top

23:57 Vernal Untervehr7861
23:21 DarthVader
23:19 Enver Slager8035
23:14 Enver Slager8035
22:59 Enver Slager8035
22:53 Enver Slager8035
22:29 SteveS
21:19 DarthVader
20:47 Joluque Whomomble9237
20:21 Beavis
20:12 Joluque Whomomble9237
19:19 M. Murcek
19:16 badanov
19:12 M. Murcek
19:11 M. Murcek
18:44 Abu Uluque
18:35 Squinty Hatfield8204
18:10 badanov
17:58 Grom the Reflective
17:49 M. Murcek
17:48 NN2N1
17:36 Frank G
17:31 Grom the Reflective
17:18 DarthVader
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