Lyn Morris
Lyn Morris

A very worthy cause. David Pippin has expressed my sentiments exactly!

Gordon Wayne Watts
Gordon Wayne Watts
  • Lyn Morris

I agree, Lyn: The presence of easy loan monies and/or easy Government Grants drives tuition up, since colleges know they can charge more. (A bubble, as in housing LOL) -- However, what i only recently learned was that lack of bankruptcy protections mean the U.S. Dept of Education makes a killing off of students, since lack of Standard Consumer Protections and unreal garnishment powers mean that students are on the hook for life. (Students are not even told they lack bankruptcy rights, which...

I agree, Lyn: The presence of easy loan monies and/or easy Government Grants drives tuition up, since colleges know they can charge more. (A bubble, as in housing LOL) -- However, what i only recently learned was that lack of bankruptcy protections mean the U.S. Dept of Education makes a killing off of students, since lack of Standard Consumer Protections and unreal garnishment powers mean that students are on the hook for life. (Students are not even told they lack bankruptcy rights, which is akin to someone selling you a car and not telling you it had bad brakes = a huge liability issue.) -- If The Dept of Ed and lenders knew students could file for bankruptcy, then they'd stand to lose on bad loans, and they would STOP pressuring U.S. Congress to continue to raise the lending limits. See e.g.,

www. GordonWatts.com/Higher-Ed-Tuition-Costs.html#alan
or:
www.GordonWayneWatts.com/Higher-Ed-Tuition-Costs.html#alan

for proof of this.//

Alan Collinge
Alan Collinge

http://discussions.latimes.com/20/lanews/la-fi-montalk-20121111/10

We're getting buried on this article by the "pay your loans" crowd in the comments here, folks. Please comment...if we don't stick up for ourselves in the comments, no one will, and pieces like this will end up hurting us. On the other hand, if we simply correct their lies, particularly with the number of people who can and should set them straight. We win by an avalanche!

ps. If you want to really nail them, hit them...

http://discussions.latimes.com/20/lanews/la-fi-montalk-20121111/10

We're getting buried on this article by the "pay your loans" crowd in the comments here, folks. Please comment...if we don't stick up for ourselves in the comments, no one will, and pieces like this will end up hurting us. On the other hand, if we simply correct their lies, particularly with the number of people who can and should set them straight. We win by an avalanche!

ps. If you want to really nail them, hit them with hard facts, here are a few:

http://www.studentloanjustice.org/press-fact-sheet.html

Throwing out long, emotional "poor me" stories don't help too much. Usually they end up responding with personal attacks, etc. This doesn't move the conversation where we need it to go, and usually makes you look bad. Don't fall for it.

Gordon Wayne Watts
Gordon Wayne Watts
  • Alan Collinge

Heard, considered, an consider it done!

Rachel Swanson Weisberger
Rachel Swanson Weisberger
  • Alan Collinge

Alan, I finally was able to watch Default and I'm located at a prime location in Lansing, MI. I live 10 minutes from the Capital and fully intend to use that advantage to talk the ears off of our legislature. Do you know of a student loan group in MI who I can join forces with?

Rachel Swanson Weisberger
Rachel Swanson Weisberger
  • Alan Collinge

I'd like to have a Student Loan Justice MI Chapter. Can you add something to the website so we can unionize. Especially since Stabenow was just reelected, this is prime time to go in with our demands.

Alan Collinge
Alan Collinge
  • Alan Collinge

I'll keep that in mind...thanks-

Paul Wilson
Paul Wilson

While bankruptcy may solve the immediate problem for people who can’t pay current loans, it fails to address the root of the problem: The lack of economic education in the public schools. Can we expect young people who can’t balance a check book, or make and follow a budget to understand that they need to study, work, and manage their resources before they can buy stuff beyond their basic survival needs?

Christopher Gilbertson
Christopher Gilbertson
  • Paul Wilson

I agree, additionally there needs to be an attitude shift since it seems that the modern way of youth living is to spend all your money on shopping / alcohol, go partying all night etc.. How can anyone be successful with so much wanton waste of financial resources. Back in my home town people would spend $200 on ONE night out... that is $10,400 a year wasted on frivolous crap which you propably won't remember.

Teresa Rothaar
Teresa Rothaar
  • Paul Wilson

Returning bankruptcy protections would be a big step toward solving the problem, because with the spectre of Chapter 7 hanging over their heads, lenders would no longer hand out tens of thousands of dollars in loans to people who--let's be realistic--you and I would hesitate to loan $50.00 to. From reading these comments, it is obvious that Americans learned NOTHING from the housing bubble. Just as it wasn't a good idea to hand $500,000.00 mortgages to people who earned $12.00/hour, it isn't...

Returning bankruptcy protections would be a big step toward solving the problem, because with the spectre of Chapter 7 hanging over their heads, lenders would no longer hand out tens of thousands of dollars in loans to people who--let's be realistic--you and I would hesitate to loan $50.00 to. From reading these comments, it is obvious that Americans learned NOTHING from the housing bubble. Just as it wasn't a good idea to hand $500,000.00 mortgages to people who earned $12.00/hour, it isn't a good idea to hand $75,000.00+ worth of student loans to kids with no credit or job histories. If BK protections were returned, student loans would become very difficult to get. Only those with excellent credit and a solid job history would qualify...which would be a GOOD thing. Just as housing prices PLUNGED after the Banana Republic mortgages went away, college tuition would likewise plunge to what most people could afford. We would return to the days when it was possible for a kid to pay nearly all of their tuition out-of-pocket with a part-time job at McDonald's or the mall.

Karen Moist
Karen Moist
  • Paul Wilson

So we just continue to perpetuate the rich get richer and the poor get poorer? Scholarships have decreased, leaving the intellegent poor kid where in your plan?

Isa Kocher
Isa Kocher
  • Paul Wilson

this is usury and welfare for the super rich and has zero to do with bad economic planning of learners. it absolves banks of any fiduciary responsibility. society, the us in usa has the responsibility to ensure that everyone has the opportunity to contribute to society. education today is prerequisite to good citizenship and a tide that literally raises everyone's boat.

Enid Wagstrom
Enid Wagstrom
  • Paul Wilson

Teresa Rothaar I think your dreaming. There is no way our economy is going to turn around like that.

Gordon Wayne Watts
Gordon Wayne Watts

Here is a slightly more detailed explanation of the 'logic' behind why I support Alan's petition here:

@ U.S. Rep. Hansen Clarke (D-13th. Dist. -MI), now that you have lost your congressional primary and thus have nothing to lose, please do this:
Please introduce a bill that --
(A) Returns ALL Standard Consumer Protections to Student Loans; and.
(B) Eliminates ALL Federal monies from EVER being used to make or guarantee Student Loans (But, grants, in a limited sense, can help, if not...

Here is a slightly more detailed explanation of the 'logic' behind why I support Alan's petition here:

@ U.S. Rep. Hansen Clarke (D-13th. Dist. -MI), now that you have lost your congressional primary and thus have nothing to lose, please do this:
Please introduce a bill that --
(A) Returns ALL Standard Consumer Protections to Student Loans; and.
(B) Eliminates ALL Federal monies from EVER being used to make or guarantee Student Loans (But, grants, in a limited sense, can help, if not overdone to constitute a 'Free Handout' to the RICH university presidents who would simply raise tuition to match increased grant monies.)

REASONING:

A) Since Wall-Street execs, AND Donald TRUMP, and Solyndra, and RICH people of both "conservative" AND "liberal" leanings can file for bankruptcy, including ALL Congressmen & Congresswomen, then *morally* students should be too. (Especially since students were not told their loans lacked bankruptcy protection at signing due to lack of 'Truth in Lending' requirements, and this is a liability no less than *you* buying a car that lacked BRAKES --and not being told: The expectation is that the brakes work, and the seller would be legally liable here --why not for students, though?)

B) Eliminating just the Federal Loans but keeping the Private Loans would not hurt current borrowers who then could file for bankruptcy if they were in a straight --and, furthermore, would not hurt banks, since Bankruptcy Court would still require *some* payment as the borrower is able, just not, say, TEN TIMES the original loan amount, which is currently possible. LOL

C) BONUS -- both so-called conservatives (neocons) and so-called liberals (like you & other Democrats) would be happy here, as Democrats would be happy with 'A' and neocons and true conservatives would be happy with 'B' -- the latter since less loan monies would cause tuition to DROP LIKER A ROCK when unscrupulous colleges & lenders would *know* students could no longer afford to take out deep loans. (Why even stupid U.S. Rep. Dennis Ross, the liberal moron who claims 2B a conservative in sheeps clothing & represents MY district, might sign on.)

"Just Do It." << to be cross-posted everywhere -unless you have a better idea. (Do you?)

(-://

Cf: http://www.michronicleonline.com/index.php/local/prime-politics/7084-hansen-clarke-has-no-regrets-after-primary-election

Raspy Rawls
Raspy Rawls
  • Gordon Wayne Watts

DAM, THAT SHYT MAKES SENSE LIKE A MUH FUKR

David Pippin
David Pippin
  • Gordon Wayne Watts

If you have ever wondered why there are so many obscure colleges advertising for students, it's because of federal government backed student loans. This is also why state college tuition keeps going up every year. Taxpayers being looted as usual in the name of education.

Gordon Wayne Watts
Gordon Wayne Watts
  • Gordon Wayne Watts

you are an INTELLIGENT conservative, David: The precense of the loan and/or grant monies distort the Free Market - so, a true conservative (you or me) will always agree with a true liberal --but only if the liberal realizes that lower tuition would be the result of things like less government aid, more bankruptcy protections, etc -- however, if if the liberals don't agree on all points, they surely want more standard consumer protections - why even credit card users can fle for bankruptcy,...

you are an INTELLIGENT conservative, David: The precense of the loan and/or grant monies distort the Free Market - so, a true conservative (you or me) will always agree with a true liberal --but only if the liberal realizes that lower tuition would be the result of things like less government aid, more bankruptcy protections, etc -- however, if if the liberals don't agree on all points, they surely want more standard consumer protections - why even credit card users can fle for bankruptcy, but for a student to get bankruptcy for his/her loan, he or she would have to be on death's door -a much higher standard than for ANY other type of loan. Morally reprehensible, and thus NOT the 'Republican' thing, which makes me disgusted with the Republican Congress who passed this or GB Bush who signed it into law -- well 'it' - actually there were many bills that gradually removed various consumner protections over time: The frog in the tub encountered SLOWLY heated water --that eventually is now boiling and killing the frog (college student borrower) LOL.

Gordon Wayne Watts
Gordon Wayne Watts
  • Gordon Wayne Watts

David Pippin furthermore: Both tax-payers who subsidize these loans that are made or backed by our tax dollar$ AND students who encounter higher tuition --are raped -financially that is. So, BOTH parties are harmed -- only rich Higher Ed types in college are 'gaining' -- but, since American Higher Ed is going DOWN in quality (as other nations pass us in math sciences etc), then the tuition increase is not justified: It has risen --even when you ajust for inflation --REAL fast.!

David Pippin
David Pippin
  • Gordon Wayne Watts

When people get something for nothing or guaranteed with no repercussions, that's a problem. On student loans that are too high because of the free market issues you mentioned, your right, there should be some protections. To excuse all debt is not right. Is it not enough that taxpayers pay for all of K-12 education AND now their meals?

Gordon Wayne Watts
Gordon Wayne Watts
  • Gordon Wayne Watts

David Pippin I do not want a free handout, but on the other hand, when students are hounded -even into retirement --with garnishment of their wages -and even their Social Security --for a debt that has grown to, sometimes, close to TEN times the already-high price ..and student borrowers are now committing suicide in unprecedented number -- folks, there's something "not right" with that picture -especially as America's decline in Higher Ed has not justified the raping of the student:

SUICID...

David Pippin I do not want a free handout, but on the other hand, when students are hounded -even into retirement --with garnishment of their wages -and even their Social Security --for a debt that has grown to, sometimes, close to TEN times the already-high price ..and student borrowers are now committing suicide in unprecedented number -- folks, there's something "not right" with that picture -especially as America's decline in Higher Ed has not justified the raping of the student:

SUICIDE documentation:

[15] “Crushing debt” (Chicago Sun-Times, BY DAVE NEWBART) September 24, 2007 "Jan Yoder was preparing for her son's funeral when the phone rang. It was another student loan collector wanting to know when her son would pay up…It was those calls and the burden of crushing debt, she says, that led her depressed son to take the drastic action of killing himself late last month. ''When it gets to the point where people are fleeing the country, going off the grid or taking their own lives, you know something has gone horribly wrong,'' said Alan Collinge, founder of Student Loan Justice, which is pushing to change student lending laws.” http://www.ibhe.state.il.us/NewsDigest/NewsWeekly/092807.pdf (Higher Ed NewsWeekly: from the Illinois Board of Higher Education, page 57) ~ http://nalert.blogspot.com/2007/09/student-loan-debt-drives-man-to-suicide.html (Newsalert) See also: http://StudentLoanJustice.org
[16] “I’m Thinking of Suicide Because of My Student Loans. – John” (GetOutOfDebt.org, undated news story) “Dear Steve, My student loans are almost $42,000 dollars. I pay almost $260 dollars per month and all but $12 dollars is interest and the principal continues to go higher…I frequently think about suicide; thinking about my son is the only thing that has so far kept me from committing suicide. John” http://getoutofdebt.org/5493/im-thinking-of-suicide-because-of-my-student-loans-john See also, note: "36" below regarding the Bible standards on interest fees charges for loans.
[17] "A Pastor's Student Loan Debt" (NPR, by Libby Lewis) July 14, 2007 “Dan Lozer's tiny paycheck means he'll be paying off those loans until 2029...Lozer said there was a time when he thought about suicide.” http://www.npr.org/templates/story/story.php?storyId=11980696
[18] “Company’s march toward student loan monopoly scary” (The News Tribune, By ALAN COLLINGE) 06/19/07 “In Boston; a medical student can’t get licensed because he can’t pay $52,000 on what began as a $3,000 debt. A suicide in Oregon. A suicide in Maryland. People who have fled the country due to the explosion of their student loan debt. The list goes on and on.” http://www.thenewstribune.com/opinion/othervoices/story/90638.html See also: http://StudentLoanJustice.org

AMERICAN Higher-Ed decline documented:

[19] "U.S. Teens Trail Peers Around World on Math-Science Test," Maria Glod, Washington Post, Dec 5, 2007; Page A07 http://www.washingtonpost.com/wp-dyn/content/article/2007/12/04/AR2007120400730.html
[20] "U.S. falls in education rank compared to other countries," Elaine Wu (U-Wire), 10-04-2005, The Kapi‘o Newspress http://www.google.com/search?hl=en&q=%22falls+in+education+rank+compared+to+other+countries%22+%22Elaine+Wu%22&aq=f&oq=&aqi= And http://search.yahoo.com/search?p=%22falls+in+education+rank+compared+to+other+countries%22+%22Elaine+Wu%22&toggle=1&cop=mss&ei=UTF-8&fr=yfp-t-832 (Key phrases search: "falls in education rank compared to other countries" "Elaine Wu")
[21] "U.S. slips lower in coding contest: In what could be an ominous sign for the U.S. tech industry, American universities slipped lower in an international programming contest," Ed Frauenheim, News.com, Posted on ZDNet News: Apr 7, 2005 http://news.zdnet.com/2100-9595_22-142206.html

See also: http://www.GordonWatts.com/Higher-Ed-Tuition-Costs.html

or: http://www.GordonWayneWatts.com/Higher-Ed-Tuition-Costs.html

;-(

Gordon Wayne Watts
Gordon Wayne Watts
  • Gordon Wayne Watts

Another good petition that has actually reached over 1,000,000 signatures: http://signon.org/sign/support-the-student-loan -- If even it is ignored, then I am losing hope -- but, on the other hand, the more petitions, the more attention, and thus the sum is greater than the parts, and these problems *will* be fixed -in time.

Raspy Rawls
Raspy Rawls
  • Gordon Wayne Watts

GORDON, UP ABOVE WHERE THERE IS A, B, & C, WHOSE WODS ARE THEY?

Gordon Wayne Watts
Gordon Wayne Watts
  • Gordon Wayne Watts

Raspy Rawls, these words were mine -- I did not copy & paste from someone else, however, I did copy & paste a note I posted on that good Congressman's page. They were my words -- did I well?? :D

Raspy Rawls
Raspy Rawls
  • Gordon Wayne Watts

So well Im bouta repost them.. I just wanted to know who to credit

Bevan Tim
Bevan Tim

...Why should you be exempt from paying your bills? You leave the tax payers with the burden? What a low life SOB... Go knock on Obamas door , that low life will give you anything for your vote.... Pay yor bills like everyone else!

Gordon Wayne Watts
Gordon Wayne Watts
  • Bevan Tim

You can't read, Bevan: This bill would not ask taxpayers to bail out ANYONE. The writer of the petition seeks that students can have the same bankruptcy protections as Credit Card users (and, recall BEVAN: When a Credit Card user files for bankruptcy -and this happens very often anymore) -the COMPANY, not the taxpayer -is on the hook. You would better off make your case were you to GET YOUR FACTS straight. -- Speaking of "paying your bills like everyone else": Rich Wall Street bankers -AND...

You can't read, Bevan: This bill would not ask taxpayers to bail out ANYONE. The writer of the petition seeks that students can have the same bankruptcy protections as Credit Card users (and, recall BEVAN: When a Credit Card user files for bankruptcy -and this happens very often anymore) -the COMPANY, not the taxpayer -is on the hook. You would better off make your case were you to GET YOUR FACTS straight. -- Speaking of "paying your bills like everyone else": Rich Wall Street bankers -AND Donald Trump REGULARLY file for bankruptcy --and for sums MUCH larger than mere student loans --and GET bankruptcy: So, where is your outrage here (Or, were you rather just ignorant of the fact.)

If you were ignorant, I will not make fun of you here for not knowing, but if, rather, you support HUGE bailouts for the rich but want to be heavy on the student borrower, I can not see how this is right? Can you?

"Donald Trump's Companies Filed for Bankruptcy 4 Times"
By AMY BINGHAM (@Amy_Bingham)
April 21, 2011
http://abcnews.go.com/Politics/donald-trump-filed-bankruptcy-times/story?id=13419250

Robert More
Robert More
  • Bevan Tim

Mr. Tim, it is people like you who are the reason this country is in such sorry condition: You are so ignorant of the facts: You can't read: This bill would not ask taxpayers to bail out ANYONE. The writer of the petition seeks that students can have the same bankruptcy protections as Credit Card users (and, recall BEVAN: When a Credit Card user files for bankruptcy -and this happens very often anymore) -the COMPANY, not the taxpayer -is on the hook. You would better off make your case were...

Mr. Tim, it is people like you who are the reason this country is in such sorry condition: You are so ignorant of the facts: You can't read: This bill would not ask taxpayers to bail out ANYONE. The writer of the petition seeks that students can have the same bankruptcy protections as Credit Card users (and, recall BEVAN: When a Credit Card user files for bankruptcy -and this happens very often anymore) -the COMPANY, not the taxpayer -is on the hook. You would better off make your case were you to GET YOUR FACTS straight. -- Speaking of "paying your bills like everyone else": Rich Wall Street bankers -AND Donald Trump REGULARLY file for bankruptcy --and for sums MUCH larger than mere student loans --and GET bankruptcy: So, where is your outrage here (Or, were you rather just ignorant of the fact.)

If you were ignorant, I will not make fun of you here for not knowing, but if, rather, you support HUGE bailouts for the rich but want to be heavy on the student borrower, I can not see how this is right? Can you? Here is a link posted by a friend on mine -in case you missed it too...

"Donald Trump's Companies Filed for Bankruptcy 4 Times"
By AMY BINGHAM (@Amy_Bingham)
April 21, 2011
http://abcnews.go.com/Politics/donald-trump-filed-bankruptcy-times/story?id=13419250

Suzy Hayes
Suzy Hayes
  • Bevan Tim

BT, You are obviously NOT A COLLEGE GRADUATE, nor even high school, perhaps?! But, I'll bet you are a tea-party republican......... READ THE TEXT!

Laurie Harrison
Laurie Harrison
  • Bevan Tim

Are you suggesting that the COMPANY will incur the costs and NOT pass it on to other consumers? Somebody will be on the hook, but it won't be the COMPANY.

Robert Pirschel
Robert Pirschel

S'il vous plait signez cette pétition notre avenir et la vie de nos enfants sont en causes! Sans abeilles pas de fruits pas de vie.

Gordon Wayne Watts
Gordon Wayne Watts
  • Robert Pirschel

Je suis d'accord: Vous avez raison! (PS: j'ai traduit ce du français à l'anglais avec un traducteur omline.)

Gordon Wayne Watts
Gordon Wayne Watts
  • Robert Pirschel

If lenders & colleges knew students could file for bankruptcy, tuition would drop. QUESTION: If you are so 'for' getting rid of bankruptcy for students, why are you not making this complaint for Credit Card users? QUESTION: Why is it OK for Donald Trump to file for bankruptcy a BUNCH of times KNOWING he could file, but it's somehow NOT ok for student borrowers --and it's OK for students to not be told their loans lack bankruptcy protections? Would YOU like it, Kathy, if someone sold YOU a...

If lenders & colleges knew students could file for bankruptcy, tuition would drop. QUESTION: If you are so 'for' getting rid of bankruptcy for students, why are you not making this complaint for Credit Card users? QUESTION: Why is it OK for Donald Trump to file for bankruptcy a BUNCH of times KNOWING he could file, but it's somehow NOT ok for student borrowers --and it's OK for students to not be told their loans lack bankruptcy protections? Would YOU like it, Kathy, if someone sold YOU a car with bad brakes but didn't tell you? Then why is it OK for students to be sold on a lan under false pretenses? Are student borrowers somehow less important than Credit Card users? Are student borrowers somehow committing a greater crime than rich Wall Street bankers (and Donald Trump) who take out HUGE loans REPEATEDLY and then default? Are students less important than Credit Card users and the very rich?

Do tell...

Gordon Wayne Watts
Gordon Wayne Watts
  • Robert Pirschel

Kathy Wilson If I accidentally addressed you when you supported out side, I apologize -- I have been online too many hours! :)

Gordon Wayne Watts
Gordon Wayne Watts
  • Robert Pirschel

@ SUE KOVACS: If lenders & colleges knew students could file for bankruptcy, tuition would drop. QUESTION: If you are so 'for' getting rid of bankruptcy for students, why are you not making this complaint for Credit Card users? QUESTION: Why is it OK for Donald Trump to file for bankruptcy a BUNCH of times KNOWING he could file, but it's somehow NOT ok for student borrowers --and it's OK for students to not be told their loans lack bankruptcy protections? Would YOU like it, Sue, if someone...

@ SUE KOVACS: If lenders & colleges knew students could file for bankruptcy, tuition would drop. QUESTION: If you are so 'for' getting rid of bankruptcy for students, why are you not making this complaint for Credit Card users? QUESTION: Why is it OK for Donald Trump to file for bankruptcy a BUNCH of times KNOWING he could file, but it's somehow NOT ok for student borrowers --and it's OK for students to not be told their loans lack bankruptcy protections? Would YOU like it, Sue, if someone sold YOU a car with bad brakes but didn't tell you? Then why is it OK for students to be sold on a lan under false pretenses? Are student borrowers somehow less important than Credit Card users? Are student borrowers somehow committing a greater crime than rich Wall Street bankers (and Donald Trump) who take out HUGE loans REPEATEDLY and then default? Are students less important than Credit Card users and the very rich?

Do tell...//

Jorge Herrera
Jorge Herrera

I have to comment on this because I am an ex student with $50,000 in student loans who also am not working in my field but I do work for one of the agencies contracted by the department of education in regards to defaulted student loans and I completely disagree with a lot of what's said like being forced to pay rediculous amounts of money, 1. if you cant afford to make the payments why not apply for an IBR (income contingent repayment program) that would base your student loan payments on...

I have to comment on this because I am an ex student with $50,000 in student loans who also am not working in my field but I do work for one of the agencies contracted by the department of education in regards to defaulted student loans and I completely disagree with a lot of what's said like being forced to pay rediculous amounts of money, 1. if you cant afford to make the payments why not apply for an IBR (income contingent repayment program) that would base your student loan payments on your income where you might qualify for a $0 pay, also with defaulted student loans there is also programs that the department of education offers for individuals who cant afford the standard repayments BUT the problem is that people in defautl don't want to listen because all they hear is collection agency so they don't care to listen to what their options are, why should people be allowed to take out $60 $80 $100 or even $200 thousand dollars worth in student loans and then open their own business live a good life and be able to file bankruptcy because they don't want to repay their loans? working in the business that I'm in I see alot of middle class people who make the effort to pay their loans while individuals like chiropractors, doctors, lawyer & dentist refuse to pay back their loans, understand that all this is is recycled money if it isn't paid back taxes go up because there needs to be money for students to be able to go to school, maybe instead we should be signing a pettition for tuition to be affordable, I'm sorry but I cant sign this.

Gordon Wayne Watts
Gordon Wayne Watts
  • Jorge Herrera

I too agree that people should page back what they owe, but before you dis the bankruptcy option, please know that student were not told they lacked this -which is akin to me selling you a care without brakes -but not telling you -- a huge liability issue -of course, stemming from lack of Due Process of notice! (Also, if rich people can file for bankruptcy, and bankers, why not students? If you're against bankruptcy, Jorge, why not sign a petition asking for bankruptcy to be removed from...

I too agree that people should page back what they owe, but before you dis the bankruptcy option, please know that student were not told they lacked this -which is akin to me selling you a care without brakes -but not telling you -- a huge liability issue -of course, stemming from lack of Due Process of notice! (Also, if rich people can file for bankruptcy, and bankers, why not students? If you're against bankruptcy, Jorge, why not sign a petition asking for bankruptcy to be removed from other loans --ALL other loans can get bankruptcy, except student loans --unless the student is -like -near death.) -- Since you probably don't want to remove bankruptcy as an option for others, more well-to-do, then...

See e.g.., Cross-posted on 4 mirrors:
* www.GordonWatts.com/Higher-Ed-Tuition-Costs.html
* www.GordonWayneWatts.com/Higher-Ed-Tuition-Costs.html
* www.ThirstForJustice.net/Higher-Ed-Tuition-Costs.html
* http://Gordon_Watts.Tripod.com/Higher-Ed-Tuition-Costs.html

GW//

Timothy Marshall Ballard
Timothy Marshall Ballard
  • Jorge Herrera

What about Private loans? They are unregulated, have higher interest rates, treat their customers horribly (including reporting you delinquent when you are making payments in effect an IBR). They enjoy all of the freedom from regulation but rest behind the no bankruptcy provision as well. How do you feel about restoring bankruptcy to private loans?

Jorge Herrera
Jorge Herrera
  • Jorge Herrera

I can agree with you on private loans I currently pay 12.5% on just one of my private loans I think something should change in regards to private loans

Kathy Barnett Johnson
Kathy Barnett Johnson
  • Jorge Herrera

Not to mention if you don't pay your student loans they can garnish your wages!

David Angell
David Angell

I have a bigger problem with the collection fees that agencies are allowed to charge. My consolidated loan spent less than 6 mos. at one agency, and they rang up 12K in fees alone! All the while, treating me like dirt, and speaking like they were the freaking mafia every time I tried to work out anything reasonable/affordable in terms of repayment. On top of that, they refused to send me any supporting documentation regarding my loans (I had lost some of it due to flooding). I think...

I have a bigger problem with the collection fees that agencies are allowed to charge. My consolidated loan spent less than 6 mos. at one agency, and they rang up 12K in fees alone! All the while, treating me like dirt, and speaking like they were the freaking mafia every time I tried to work out anything reasonable/affordable in terms of repayment. On top of that, they refused to send me any supporting documentation regarding my loans (I had lost some of it due to flooding). I think borrowers are trying to do the right thing, for the most part. Get an education, get a good job, pay back their loans, pay taxes, be responsible, productive members of society. The job part is what isn't happening. My education hasn't paid off nearly or anywhere close to the amount of money I owe on it, due in large part to the government and corporate greed running this country into the ground. Will gladly sign. PS - Agree with Erin Dougherty also, by the way.

Amy Hinz Sweet
Amy Hinz Sweet

I went back to to art school as an older student in the 1990's and was unable to finish due to a divorce. I will be paying my student loan for the rest of my life. I am reassured only by knowing that when I die my debt dies with me.

Gary Wainwright
Gary Wainwright

Public Education should be free, 100%. Our founders thought so much of public education they dedicated one-sixteen of all the land in the country to support free public education. Students should have the same bankruptcy protections corporations enjoy..after all corporations are people too!

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