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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
lonestarnot (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 10:09 PM Original message |
New bubble only this could be worse than housing bubble |
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maryf (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 10:15 PM Response to Original message |
1. any way to make a profit... |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 10:16 PM Response to Reply #1 |
2. A debt that cannot be escaped by BK. Bad news not just for the young, only for the stupid who are |
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maryf (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 10:38 PM Response to Reply #2 |
5. BK? |
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Arctic Dave (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 10:44 PM Response to Reply #5 |
6. Bankruptcy. |
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Hosnon (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 09:25 AM Response to Reply #2 |
20. Student loans can be discharged in bankruptcy. It's difficult, but possible. nt. |
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bluestateguy (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 10:17 PM Response to Original message |
3. I always urge people not to take out student loans |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 11:23 PM Response to Reply #3 |
7. NEVER! |
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Taitertots (1000+ posts) Send PM | Profile | Ignore | Thu Jul-15-10 12:18 PM Response to Reply #3 |
32. I always urge people to be born to rich parents |
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Orrex (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 10:26 PM Response to Original message |
4. It won't be a problem |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 11:24 PM Response to Reply #4 |
8. Hence the bubble deet te dee. |
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Orrex (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 11:50 PM Response to Reply #8 |
10. How so? |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 12:05 AM Response to Reply #10 |
12. Did you see how many were ready to default? Can squeeze blood from a turnip. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 12:28 AM Response to Reply #12 |
17. Default for student loans simply means delayed repayment. |
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Orrex (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 09:17 AM Response to Reply #12 |
18. Student loan debt is exactly equivalent to indentured servitude |
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CoffeeCat (1000+ posts) Send PM | Profile | Ignore | Tue Jul-13-10 11:43 PM Response to Reply #4 |
9. I am living proof of what you say... |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 12:07 AM Response to Reply #9 |
13. Are you grandfathered into the 10 year repayment then closure? |
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Orrex (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 09:21 AM Response to Reply #13 |
19. You seem fond of this repayment plan; can you describe how it works, for those less familar with it? |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Thu Jul-15-10 10:12 AM Response to Reply #19 |
27. Borrow fed money, work in social work for a period, pay on borrowed fed money |
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Orrex (1000+ posts) Send PM | Profile | Ignore | Thu Jul-15-10 11:44 AM Response to Reply #27 |
29. Is that effective retroactively, or only for new loans? |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Thu Jul-15-10 10:12 PM Response to Reply #29 |
33. I am not certain whether or not it grandfathered anyone's loans. Check it out though for sure. |
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CoffeeCat (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 02:15 PM Response to Reply #13 |
22. I'm not familiar with... |
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EstimatedProphet (1000+ posts) Send PM | Profile | Ignore | Thu Jul-15-10 11:52 AM Response to Reply #9 |
30. I have the exact same story, with the exception that mine went to $50K |
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AtomicKitten (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 12:03 AM Response to Original message |
11. My son was sucked in by the Art Institute here in SF. |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 12:08 AM Response to Reply #11 |
14. What about the 10 year program, can he do that? |
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AtomicKitten (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 12:12 AM Response to Reply #14 |
16. Repayment program? He's going to school full time so his payment is deferred. nt |
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EstimatedProphet (1000+ posts) Send PM | Profile | Ignore | Thu Jul-15-10 11:54 AM Response to Reply #14 |
31. I'm interested in this 10 year program myself |
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hunter (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 12:09 AM Response to Original message |
15. Lots of college graduates will be dropping out of the conventional economy. |
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Festivito (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 12:16 PM Response to Original message |
21. Let's not forget to add in charter schools. Lot's to borrow, later to pay. /nt |
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EnviroBat (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 02:44 PM Response to Original message |
23. I had to quit, drop out of college. |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Thu Jul-15-10 10:13 AM Response to Reply #23 |
28. Keep your voice loud! |
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XemaSab (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 02:48 PM Response to Original message |
24. They're after me |
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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 02:48 PM Response to Original message |
25. amen! Thanks for posting this. |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Wed Jul-14-10 03:00 PM Response to Original message |
26. Our son's friend got caught up in one of these scams |
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