Quote:
Originally Posted by billethkid
I am the OP and this thread is NOT "...solely about money...".
It is about responsibility and honoring one's commitment...AS AGREED TO AND SIGNED FOR.....
Most of what we hear about is how unfair it is to expect people to to be burdened with such unreasonable education debt.
It was certainly not unreasonable when the agreed with the criteria to get the money.
It is a shame the responsibility has been politicized and now makes the obligation a selective decision.....with no penalty.
Too many of us have been in similar financially burdened times during those early years post graduation.....and made the right choices where and how/how not to spend our precious financial resources to MAKE SURE WE MET THE AGREED TO FINANCIAL OBLIGATION.
There is no excuse to default on the loans and the government pick up the tab.
We are becoming more and more tolerant of selective application of laws and obligations.
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You are welcome to your opinion. But you don't seem to grasp that things are different now than when we were in the position to attend college and borrow money. Many posters have indicated what those differences are. One of the biggest is predatory lenders. "Back in the Day" we borrowed money via government loans. Many of those loans have dried up and kids are saddled with ridiculous loan interest rates from banks, who benefit from fleecing the kids, and the students pay double or triple what they would have when we were borrowers years ago. When society tells you you "have" to go to college to get a good job, you take the bait and you sign up for the loans as it is the only means of attending college. Then you graduate, and maybe things don't go as planned. The economy dries up - you can't get a job in your field, or the salary is much lower than the College advisor told you it would be - many of today's colleges are money making propositions and they really exaggerate to the potential students how good the various fields of study and job opportunities will be, just to get them to enroll. Couple that with financial naiveté, and it can be a recipe for disaster for some kids. No one is suggesting that people should get a free ride or skirt their responsibilities . But the system needs some changes.