Old 12-18-2012 | 07:25 PM
  #33  
JamesNoBrakes's Avatar
JamesNoBrakes
Gets Weekends Off
 
Joined: Nov 2011
Posts: 4,148
Likes: 43
From: Volleyball Player
Default

It's so easy to make it sound as if we're advocating taking out tens of thousands of dollars worth of loans, and then blow them off on a whim, isn't it?

Let me ask a different question: Do you think there is ANY situation EVER where someone should be able to declare bankruptcy and either have loans discharged or restructured/partially forgiven/whatever it takes? Should we just send them to jail? Shoot them? What?

The double standard is downright laughable. And yes, we realize that businesses do not discharge all debts, we've been alive just barely long enough to figure this out I guess. And no, you can not discharge all of your student loans if it were to ever come to that, you can only discharge private loans. Federally backed loans are a different matter, that's where the "equal protection" thing comes in.

The whole idea is trying to build some accountability into the system. I realize this may be a difficult concept with airlines able to sell you out on a whim when it looks like they have to force concessions to keep operating and losing money, but there needs to be some accountability for lying, cheating, trying to get students to take out loans when they don't understand the ramifications. These guys are what, like 18? They don't have the choice to do this again if it goes bad, and if they don't have the information, should this be something that ruins their entire life? These are kids turned loose in a world where people much older are trying to take advantage of them. Where's the heart? No, it shouldn't be as easy as "oh, I'm out of money, I need to discharge my loans". No kidding, and if at all possible, IF someone has to declare bankruptcy, they should have to pay back as much as is possible in their circumstance, and bankruptcy should not be granted to all, just like scholarships shouldn't be granted to everyone Murkowskis deny involvement in getting family member scholarship | State News | ADN.com Just because you are a high performer doesn't mean you should get free money, there are a lot of high performers out there, and undoubtedly some that need it more than that governor's daughter.

If you don't agree that there should be reasonable recourse, then I hope your airline goes out of business and you lose your job. At the least I hope you take a huge paycut so your "dollars" can go to helping the business survive. Multiple bankruptcy is bad and businesses need to be accountable too, but there does need to be something out there to give a reasonable second chance IF certain criteria are met, and it shouldn't be for each and every case. Maybe at least I can appeal to your admiration of business, and if just a few students (that actually needed it) were able to discharge these debts, I bet accountability for lenders and schools would come REAL fast, as they wouldn't want to lose the money, even if it's the fed, federally backed, private, etc.