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Not at the Dinner Table / Re: Student loan debt: What's the deal with that?
« on: March 02, 2013, 12:12:50 AM »
Yikes, double post, and a bit late on the initial post since it was from 2011, but hey I only actually read it about a month ago.
So, I went back and reread the thread. CrossedEye7: I am about to be a massive jerk to you here, but it's a slightly brotherly:
Would you be talking about this if you had, say, 5 grand in debt? No debt? When I initially saw your first post, I sort of skimmed it because it was major long, and I wasn't going to necessarily reply to it directly. However, I just saw the part where you say you're $117,000 in debt.......the hell? Also, kids being "coerced" into feeling as if they MUST attend college? I have a hard time believing that. Sallie Mae's fault for taking the risk? The banks, the schools, the people, the government. Basically it's everyone ever's fault is what the consensus here seems to be. In our student loan crisis, I believe the problem begins with the family.
The part in a later post where you say a loan (school loans in this case) is "not entirely voluntary." That's ridiculous. A loan is 100% voluntary 100% of the time. A lot of this unfortunately falls on your parents, in a moral sense. Not the culture, not the bank, not the government. They sat there and watched you sign yourself up for six figure debt, and you signed it in the first place. All those quotes you were replying to in your later post: you can try and debate it all day long, but it's still on you. Sad thing about it is that they're almost all valid points. How can you argue with someone that says you know what you're getting into? I'm not sure how a bank loaned you that kind of money, but even then, what did you think was gonna happen? What degree were you seeking that required over 100 thousand dollars. You can't tell me the school you attended was the only school in the world that offered what you were wanting to take.
People are complaining about the bank doing this, the government doing that, whoever doing the other. In the end, whether a person knows it or not, they are signing up for something they can't get out of that is legally freaking binding. In your case, CE7, this 117,000 in debt didn't all come at once and didn't come at a young age. You couldn't have gotten a loan or entered an agreement until you were 18. When you took your first 10,000 dollars out or whatever, what possessed you to keep going and going and going rather than saying, "holy [dukar], I can't afford this. I need to stop school so I can find a job or do SOMETHING and pay these debts off and save for college." You didn't NEED loans, and you still don't NEED loans. The bank didn't force you to keep borrowing and borrowing. I am almost offended you'd try to ask why Sallie Mae is making bad investments or why our culture is apparently telling people to go to college immediately or be stupid.
Don't spread the blame around because it's weighing down on you now. You didn't have to participate in this cesspool. Even if student loans could be discharged through bankruptcy, a Chapter 7 or 13 would be on your report for 7-10 years. You wouldn't be able to do much with that sitting on it.
I've noticed that over your last two large posts, you've basically sat there arguing everyone's points and grievances down to the sentence. It's like you're making every excuse in the world. Your parents did it, the government did it, the culture did it, Sallie Mae took a risk on you, oh it was different for YOU when YOU took out loans, but it's different for me.
Dude: bottom line. This is YOUR deal. This is ultimately your responsibility. Not anyone else's. You didn't need loans to go to school, especially not that absolutely unthinkable amount, but you seem to think they were absolutely required; they weren't. You're going to have to work on this. You have been and it's great you've been able to pay your payments so far (as of your latest posting), but sitting around trying to debate every single person's points that go against what you think should happen based on your emotions will not get you anywhere. The government is not going to help you. You can't sit around waiting for the government to fix your problems, Republican or Democrat. You can't ***** people out that have paid their stuff off, or that wouldn't want to clean up your mess.
If you feel like you can debate what I am saying, then I don't know what to tell you. It's almost like if you got a loan on a car, you'd make excuses for that: "Oh it was the dealer's fault for taking the risk on the loan for me, and the car manufacturer was at fault for pricing the car too high for my budget." In that case you wouldn't need to buy the freaking car if you knew you couldn't pay for it.
So, yes, whew, I am sorry for all that, but it built up.
So, I went back and reread the thread. CrossedEye7: I am about to be a massive jerk to you here, but it's a slightly brotherly:
Would you be talking about this if you had, say, 5 grand in debt? No debt? When I initially saw your first post, I sort of skimmed it because it was major long, and I wasn't going to necessarily reply to it directly. However, I just saw the part where you say you're $117,000 in debt.......the hell? Also, kids being "coerced" into feeling as if they MUST attend college? I have a hard time believing that. Sallie Mae's fault for taking the risk? The banks, the schools, the people, the government. Basically it's everyone ever's fault is what the consensus here seems to be. In our student loan crisis, I believe the problem begins with the family.
The part in a later post where you say a loan (school loans in this case) is "not entirely voluntary." That's ridiculous. A loan is 100% voluntary 100% of the time. A lot of this unfortunately falls on your parents, in a moral sense. Not the culture, not the bank, not the government. They sat there and watched you sign yourself up for six figure debt, and you signed it in the first place. All those quotes you were replying to in your later post: you can try and debate it all day long, but it's still on you. Sad thing about it is that they're almost all valid points. How can you argue with someone that says you know what you're getting into? I'm not sure how a bank loaned you that kind of money, but even then, what did you think was gonna happen? What degree were you seeking that required over 100 thousand dollars. You can't tell me the school you attended was the only school in the world that offered what you were wanting to take.
People are complaining about the bank doing this, the government doing that, whoever doing the other. In the end, whether a person knows it or not, they are signing up for something they can't get out of that is legally freaking binding. In your case, CE7, this 117,000 in debt didn't all come at once and didn't come at a young age. You couldn't have gotten a loan or entered an agreement until you were 18. When you took your first 10,000 dollars out or whatever, what possessed you to keep going and going and going rather than saying, "holy [dukar], I can't afford this. I need to stop school so I can find a job or do SOMETHING and pay these debts off and save for college." You didn't NEED loans, and you still don't NEED loans. The bank didn't force you to keep borrowing and borrowing. I am almost offended you'd try to ask why Sallie Mae is making bad investments or why our culture is apparently telling people to go to college immediately or be stupid.
Don't spread the blame around because it's weighing down on you now. You didn't have to participate in this cesspool. Even if student loans could be discharged through bankruptcy, a Chapter 7 or 13 would be on your report for 7-10 years. You wouldn't be able to do much with that sitting on it.
I've noticed that over your last two large posts, you've basically sat there arguing everyone's points and grievances down to the sentence. It's like you're making every excuse in the world. Your parents did it, the government did it, the culture did it, Sallie Mae took a risk on you, oh it was different for YOU when YOU took out loans, but it's different for me.
Dude: bottom line. This is YOUR deal. This is ultimately your responsibility. Not anyone else's. You didn't need loans to go to school, especially not that absolutely unthinkable amount, but you seem to think they were absolutely required; they weren't. You're going to have to work on this. You have been and it's great you've been able to pay your payments so far (as of your latest posting), but sitting around trying to debate every single person's points that go against what you think should happen based on your emotions will not get you anywhere. The government is not going to help you. You can't sit around waiting for the government to fix your problems, Republican or Democrat. You can't ***** people out that have paid their stuff off, or that wouldn't want to clean up your mess.
If you feel like you can debate what I am saying, then I don't know what to tell you. It's almost like if you got a loan on a car, you'd make excuses for that: "Oh it was the dealer's fault for taking the risk on the loan for me, and the car manufacturer was at fault for pricing the car too high for my budget." In that case you wouldn't need to buy the freaking car if you knew you couldn't pay for it.
So, yes, whew, I am sorry for all that, but it built up.
