Why do people bring up stuff like alcohol? I was in militsry at 17, and I felt zero issues with the fact I couldn’t drink until 21. Or buy cigarettes until 19 (alaska tobacco is 19 it may of changed since then though) or even 18 anywhere else. It’s just a rule and we follow it.
They are BETTERING their lives by going to college and paying and pulling loans. it is their fault. If they don't get a job to make the money to pay it back, I surely don't agree with forgiving it. not even a penny. alcohol is a sin tax, I really don't believe in alcohol or tobacco but it is up to the states to pick and enforce their own drinking age. They are still responsible for their actions in the end. no forgiveness.So you're ok with rules that protect people from dumb, potentially life altering decisions, but not ok with protecting people from dumb, potentially life altering decisions?
Since when do we equate an age to a level of responsibility? Since does when become 18 automatically determine that you are an adult? Both of these observations are incorrect.
Hello; This is one decent idea.
Hello; The age of legal maturity is 18 in most states I know of. It is an age of consent to make a contract. It is not an indicator of a persons ability to make sound decisions.
Hello; I got your point without any trouble. I do notice you avoid my counterpoint. So let me get it straight, do all the 18 year old young adults (as defined by law) no longer get to buy cars, rent, get married or make other such contracts? So that the 18year old young adults who have taken out federal backed student loans can have an excuse to walk away from the debt they contracted for.
Speaking from personal experience, and can also affirm I was not a business major, I had no idea what I was getting into with undergrad and grad school loans. I was basically an older care free high-school student in undergrad, didn't feel debt or what it was because I didn't know to ask, and in grad school where I was more aware of what debt was, the school, like what others pointed out, made educational loans seem harmless, normal, and part in parcel with acceptance to the school. In my case, the loan servicer, advised to me from the financial office of the school, was uber predatory with its interest rates and deferment costs. At that point I was 21. My school told me something was okay, I believed them, and I was, in fact, duped.
Hello; Fist I can agree with some reforms to the "predatory" methods that may exist. Maybe like the information now required on credit card forms and automobile loans where some of the important information has to be made clear. That said I still do not see how a person of whatever background can "borrow" money and not have the basic understanding the loan "must" be repaid in some form. In fact, it is my take, one of the big lures of a federal backed loan was the much lower interest rate charged compared to a regular institution such as a bank. I have not looked at the details of these loans in over 50 years so may be mistaken. Are the federal backed loans not re-payed at a lower interest rate any longer? This again may be just a mixing of terms but I usually think of "predatory" loans being those with very high and unreasonable repay interest rates. Are you saying the federal backed loans have higher rates than a bank would require?
That's a GREAT idea!!!
it shouldn't be optional to enroll into, you either pay your fee's or get it taken out like child support. that is the only correct answer. or foreit all tax returns til its paid.
yeah I watched the video, the REPAYE act, you enrolled into it on your own.
I watched the video as well. I thought it was mandatory? If not, that's a JOKE!
That’s a little severe Donald. You know the old saying about “to walk in another mans shoes”? How about the hundreds of thousands who have lost their jobs, their livelihoods, their homes, etc, just due to this pandemic In the past year? I don’t think it was there fault.
