ImwithBU said:Carlos Safety said:Buddha Bear said:Trump can claim bankruptcy several times avoiding millions of dollars in payment, and the debt is wiped away.Canada2017 said:Exactly.ATL Bear said:The bad decision started with a choice to go to a school and/or pursue a career incapable of supporting your borrowing choices. It isn't as if the cost is unknown upfront.Buddha Bear said:J.R. said:
This is just crap!!!! My parents saved to put me through college and grad school. I saved to put my 2 kids through college. Just wrote my last check to Furman today!!!!!! I just got a big raise. My opinion is if you borrow $, you pay it back. It's really simple. My bankers and lenders require me to pay it all back!
Had your parents not paid for your school, would you be in the same position today? If you were 18 today with today's tuition prices what would you do?
Kid's today are paying twice what I paid to go to school 20 years ago, but minimum wage is still the same as it was then. I don't know how one does it on their own anymore.
You're obviously a good parent and have made good decision with the education your parents gave you. It's just hard to feel sorry for your situation in comparison to and average 18 year old today.
People need to be responsible for their own choices .
A college student has their loans follow them for life, regardless of bankruptcy.
There is a major problem here.
You are free to pay off anyone's student loans as you see fit. Just don't ask the taxpayers to do the same.
I don't think most people have a problem paying back what they borrowed. Problem is at 7% rate what you borrowed during school doubles quite quickly. Interest rates are higher than mortgage loans
I paid mine off two years ago. If you are paying 7%, then you need to refinance to a lower rate.