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bluestateguy (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 03:46 PM Original message |
For how long have student loans been non-dischargeable in bankruptcy? |
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rfranklin (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 03:51 PM Response to Original message |
1. Education should be free to those who work at it... |
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killbotfactory (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:51 PM Response to Reply #1 |
22. This. |
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Travis_0004 (417 posts) Send PM | Profile | Ignore | Sat Aug-13-11 03:52 PM Response to Original message |
2. 1978 is when changes started |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:43 PM Response to Reply #2 |
17. For those who missed it, Travis_0004 linked to a good historical description (post 2.). |
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Hart2008 (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:59 PM Response to Reply #17 |
25. What about the people who took out student loans when the law was they could be discharged? |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 05:03 PM Response to Reply #25 |
26. I was responding to the OP question, which was when did it start. |
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Hart2008 (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 05:26 PM Response to Reply #26 |
30. There may be a constitutional defense to that-violation of liberty of contract. |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 05:21 PM Response to Reply #2 |
27. But that was amended to encompass virtually all student loans during |
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liberal N proud (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 03:52 PM Response to Original message |
3. During the early 80's there were people who took the loans |
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William769 (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 03:57 PM Response to Reply #3 |
8. They can also garnish your wages. |
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FarCenter (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:09 PM Response to Reply #3 |
11. Making loans to borrowers who won't pay them back is bad underwriting |
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liberal N proud (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:16 PM Response to Reply #11 |
13. In the 70's you didn't need a cosigner to get a student loan |
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FarCenter (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:39 PM Response to Reply #13 |
16. Lending money to an 18 year old with no assets and uncertain prospects is a bad idea |
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liberal N proud (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:46 PM Response to Reply #16 |
19. But that is the way it was! |
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indurancevile (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:50 PM Response to Reply #13 |
20. That's not true, I don't believe. The need for a cosigner was dependent on circumstances. |
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liberal N proud (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 07:21 PM Response to Reply #20 |
32. I had $10K in student loans |
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indurancevile (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 07:55 PM Response to Reply #32 |
33. "dependent on circumstances" |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:50 PM Response to Reply #13 |
21. True, but back then, it didn't cost $100,000+ to get a 4 year degree from a state school. |
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TorchTheWitch (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 08:01 PM Response to Reply #3 |
34. so did I |
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katanalori (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 03:52 PM Response to Original message |
4. 2005 the repukes did it. N/T |
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The Velveteen Ocelot (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 03:56 PM Response to Reply #4 |
7. Nope. It happened in the '90s during the Clinton administration. |
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William769 (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 03:59 PM Response to Reply #7 |
9. Yep. 1998. |
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indurancevile (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:52 PM Response to Reply #7 |
23. But it was set up by Reagan era changes. |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:52 PM Response to Reply #4 |
24. Nope - Clinton administration revamped bankruptcy laws |
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JDPriestly (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 05:22 PM Response to Reply #24 |
28. The broadening of the law on education loans to include everything |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 05:25 PM Response to Reply #28 |
29. Sorry - meant to distinguish between the bankruptcy bills |
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William769 (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 03:53 PM Response to Original message |
5. Hope this link will answer your questions. |
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FarCenter (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:07 PM Response to Reply #5 |
10. 1998 it was |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 03:55 PM Response to Original message |
6. This was part of the 2005 bankruptcy act amendments |
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Hosnon (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:10 PM Response to Reply #6 |
12. Student loans were non-dischargeable prior to the 2005 amendments. nt. |
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Manifestor_of_Light (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:17 PM Response to Original message |
14. They take your student loan money out of your social security check too. |
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Curmudgeoness (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:26 PM Response to Original message |
15. Student loans are basically loans from the government |
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Hart2008 (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 04:46 PM Response to Original message |
18. The statute of limitation on actions by the government to collect was eliminated ex post facto |
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sendero (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 08:03 PM Response to Reply #18 |
35. The REAL problem IMHO. |
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Hart2008 (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 08:10 PM Response to Reply #35 |
36. Yes, but there is a fundamental fairness issue for those who had the rules changed on them. |
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GReedDiamond (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 05:53 PM Response to Original message |
31. One thing to keep in mind, for those who have been screwed... |
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DirkGently (1000+ posts) Send PM | Profile | Ignore | Sat Aug-13-11 10:34 PM Response to Original message |
37. That particular reform was necessary. But student debt IS way out of hand. How can people aspire to |
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