Benfromalbuquerque
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It's tough being a chief justice. People just don’t understand.
WARNING: Student Load Forgiveness is Very Unlikely to Pay for Your Next Elk Tag
- Thread starter VikingsGuy
- Start date
SAJ-99
Well-known member
I will take that as a compliment. Pretty much agree, but I will state again, a person can walk away from an SBA loan, but can't walk away from student loans. There are two sets of rules.
If people couldn’t walk away from an SBA loan do you think they would do a better job with their business?
Redmt
Well-known member
If I buy it, I pay for it. If I borrow it, I pay for it. Period. End of statement. I took 2 separate SBA disaster loans and paid both of them back completely and on time. I financed several vehicles and paid for every one. I've had several mortgages and paid every one. I paid my taxes for nearly, 55 years of WORKING for what I have. I now collect Social Security, which I PAID FOR. These people that think they should have their loans and obligations forgiven can eat shit. Free isn't free. Someone else paid for it that shouldn't have.
DouglasR
Well-known member
Damn, Red.
Some of them were just dumbass kids.
DouglasR
Well-known member
To those of you who got these student loans at 18, how easy was it?
I’m guessing you at least had to sign some papers?
Did they do a good job of explaining it to you?
Serious question.
Unlike the western privilege parade boys on here who has their parents pay for their college, I had an aunt I never met give me like 10 racks that I blew through at cc without graduating
I wonder what I would’ve done if I didn’t have that money and would’ve had to apply for loans.
I’m guessing you at least had to sign some papers?
Did they do a good job of explaining it to you?
Serious question.
Unlike the western privilege parade boys on here who has their parents pay for their college, I had an aunt I never met give me like 10 racks that I blew through at cc without graduating
I wonder what I would’ve done if I didn’t have that money and would’ve had to apply for loans.
SAJ-99
Well-known member
No idea. If I were to guess I would say no. There are a lot of reasons that businesses fail. Some are just bad ideas. Some are because the person was a terrible employee, started their own business and found they were a terrible manager too. Some people are just lazy and stupid, but I don't think that is fixable.
SAJ-99
Well-known member
It is easy to get student loans, and especially easy if you get someone to cosign. Sure they explain them and give you a boat loan of paperwork to read, that no one ever does. They are easy to get because you can't get out from under them...except by dying...that is always an option. Hopefully your aunt learned a good lesson from that experience.To those of you who got these student loans at 18, how easy was it?
I’m guessing you at least had to sign some papers?
Did they do a good job of explaining it to you?
Serious question.
Unlike the western privilege parade boys on here who has their parents pay for their college, I had an aunt I never met give me like 10 racks that I blew through at cc without graduating
I wonder what I would’ve done if I didn’t have that money and would’ve had to apply for loans.
Redmt
Well-known member
Hah. The dumb asses were guys like me that busted their asses and destroyed their bodies instead of staying in school to get an education that would have advanced them into higher paying jobs that didn't involve blood and broken bones.
Just curious and respectfully answering, but if you live to be super old and you have collected more than you ever contributed are you going to send it back?
np307
Well-known member
"I know a bunch of businesses and individuals abused the PPP system and got a bunch of free money but I know a couple situations where it kept people from going out of business so I'm cool with it."
"THESE ENTITLED KIDS KNEW WHAT THEY WERE DOING AND I DONT CARE IF IT STIFLES THE ECONOMY THEY BETTER NOT GET ONE DIME OF HELP"
"THESE ENTITLED KIDS KNEW WHAT THEY WERE DOING AND I DONT CARE IF IT STIFLES THE ECONOMY THEY BETTER NOT GET ONE DIME OF HELP"
Redmt
Well-known member
At the rate the government gives away money to people that don't deserve it, the social security administration will cease to exist. When your SSI is collected and supposed to have been invested, it was a self sustaining fund for those of us that were too dumb to have outside investments. So,,,, for a one dollar in one dollar out , I wouldn't give it back. Why would I? They'll just give it to someone who didn't deserve it anyway.
cgasner1
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- Apr 24, 2016
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Wish they would let me opt out never pay in another dime and they can keep everything I have paid in so far
Redmt
Well-known member
I do believe that it has already turned into a Ponzi scheme. If you quit paying I might go broke.
I wonder if at 71 I can get a student loan?
Nick87
Well-known member
Besides the ppp loans going to people it shouldn't have. I'm totally for it for businesses that were affected but a lot weren't. The amount of people I know that were collecting unemployment benefits (I can't remember if it was state or federal but there was a huge stimulus for unemployment) was staggering. A lot of them filed and collected and never had a job in the first place. That was a total crock on the government level and the people collecting that shouldn't have.
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SAJ-99
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Benfromalbuquerque
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GI Bill is a serious benefit to those who use it and/or their family. I do also support conscription and free college too.
antlerradar
Well-known member
Since congress passed this and the President signed it, it sounds like a good deal and well deserved for military members. All for it.
If it was done with just the signature of the President, doesn't matter if it was Obama, Trump or Biden, I am against it.
I have 2 children in college right now. My son is a chemical egineering major at the university of illinois. My daughter is a marketing major at illinois state. In state tuition, room, and meal plan for my son is $42,000 annually. For my daughter its $32,000. Its really easy to get loans. The kids fill out the FAFSA and then the schools financial aide office gets involved and the kids simply sign some online forms. There is no shopping around, etc. Based on location, you are provided a loan servicer. In my case its mohela.
Now what the kids get doesnt cover all their bills so thats where dad steps in and has to take out parent plus loans. I had about $80,000 saved for college and it barely covered 1 year for both kids. I have about $50,000 in student loans for both of them.
I got my masters degree in computer science in 1997 and cost about $12,000 from a state university. My parents simply wrote a check every year. We were not rich. Dad was an iron worker at a steel mill and mom did loans at a bank. Times were different. Education was affordable.
Now what the kids get doesnt cover all their bills so thats where dad steps in and has to take out parent plus loans. I had about $80,000 saved for college and it barely covered 1 year for both kids. I have about $50,000 in student loans for both of them.
I got my masters degree in computer science in 1997 and cost about $12,000 from a state university. My parents simply wrote a check every year. We were not rich. Dad was an iron worker at a steel mill and mom did loans at a bank. Times were different. Education was affordable.
