"I don't feel special or entitled..."

[Hauldren Collider]

But you're also firmly against any possible way of mitigating that punishment because that just wouldnt subvert the way the world should be, according to you.

You want to increase their income as restitution for their poor choices.

[MRT144]

Says he who was just bravely taking a pro-Civil Rights Movement stance.

[Kuciwalker]

Aside: the Federal Reserve bears responsibility for the majority of the "housing bubble". By (unexpectedly) forcing the economy into a recession, it invalidated the (reasonable) assumption by most market participants that it would not tank the economy. Under that assumption housing prices were mostly justified.

[The Mad Monk]

People who complain about eating ramen need to learn how to properly prepare ramen.

[MRT144]

You want to increase their income as restitution for their poor choices.

More than likely I'd like to see debt forgiveness for people that have little hope of paying off the entirety of their student loan after a certain amount of time. Its more about practicality of trying to get blood from a stone and doing so in firm rejection of the principle of a debt that can't be erased because of the ambiguous and variable value of the asset of an education.

[regexcellent]

God help us if we ever have debt forgiveness. Without seeing the mistakes of their predecessors, how will people ever learn not to major in gender studies?

No, what we need is for the federal government not to guarantee loans. We need to make it HARD to finance your education on borrowed money. We need to make it so that the only way you're getting a humanities degree is with daddy's money.

[MRT144]

God help us if we ever have debt forgiveness. Without seeing the mistakes of their predecessors, how will people ever learn not to major in gender studies?

Why are debtors solely responsible in a loan covenant. Thats another thing you conservatives dont like and I dont get: you always think the terms and risk of a loan should be shouldered by the debtor and the rates of interest should be primarily determined by competition among lenders not debtor default risk.

The very thing you complain about is enabled by your other philosophical trappings which is poor debtor is always responsible to pay no matter what and should be made to do so by the public sector.

When a debtor cant default do you expect prudent loans to be made?

[Hauldren Collider]

The debt issuer in this case is the federal government. If it were private banks on the hook for non guaranteed college loans, humanities degrees would cease to exist.

[Kuciwalker]

Why are debtors solely responsible in a loan covenant.

Because that's what debt means, dude. It means you owe something. You agreed to it! That was a positive statement that you did, in fact, recognize your moral obligation.

More to the point, because debt forgiveness in practice means that the taxpayers are on the hook. The government isn't going to stiff the banks - which would cause them to all exit the market and/or charge MUCH higher rates - and if it did, then we would just see the banks replaced with even more new taxpayer-funded programs to make college "affordable".

[MRT144]

And honestly do some research into the why of why student loans arent discharge able. It was a philosophical fight using doctors declaring bankruptcy as a the test case for why student loans should never be dischargeable despite a lack of statistics support ing the narrqtive that docs did this all the time. It was punitive and short sided

[Ben Kenobi]

What is it with conservative white males in denial about how ****ty our generation has it right now?

I'm a conservative. Young white males are taking it up the ass, degree or no. Miss princess here doesn't know what she's talking about if she thinks white women with masters degrees in particular have it so hard, when they are preferenced.

If you think the status quo is fine keep it to yourself. Stop being the outspoken special little snowflake you detest of so greatly.

I sincerely doubt that little miss princess is having a hard time of it.

[MRT144]

The debt issuer in this case is the federal government. If it were private banks on the hook for non guaranteed college loans, humanities degrees would cease to exist.

They back the loan through having legal authority to make you pay, sallie mae makes the loan.

And youre wrong, humanities degrees arent going anywhere.

[Ben Kenobi]

Teachers often are required to get masters degrees and you want them to be poor. Get Out.

Fact. Most of us even if we lack one have the equivalent between our various certs to various places.

[MRT144]

I honestly dont get how the champions of the free market are against a free market where counter party risk exists.

Why would educational lenders flee the market rather than adjust principle amounts and interest rates like lenders of every kind do?

And lets be honest here kuci, interest payments are not what makes fed subsidizes loans a burden to the working poor.

[Ben Kenobi]

More to the point, because debt forgiveness in practice means that the taxpayers are on the hook. The government isn't going to stiff the banks - which would cause them to all exit the market and/or charge MUCH higher rates - and if it did, then we would just see the banks replaced with even more new taxpayer-funded programs to make college "affordable".

I don't think making student loans non-dischargable and making them due to the treasury is constitutional vis a vis the 13th.