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Help From Unions on Student Loan Legislation

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Help From Unions on Student Loan Legislation

Old 12-17-2012, 06:08 PM
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Originally Posted by block30 View Post
I'm not taking the counter point for the sake of being a d*ck, but to my view point, the economic crash of 2008 really showed a lot of financial "bad behavior" at many levels and for large groups.

I wish I had the stats in front of me-obviously much better than my anecdotes-but didn't the majority of Americans have a negative savings rate? Just one example.

The housing boom and crash, yet another example. And I believe Suzy Ormann titled a book about living "Young, Fabulous, and Broke." I further remember watching a show something like the 'Ten People Who Caused the Econonmic Meltdown'...and the 10th face was "You," that is, the American public.

Hey, I see what you are saying-schools and loans are out of whack. Schools make larger than life promises, and promote worthless degrees...Aviation pay, generally speaking is out of whack, too.

My hope is that, if we are calling on government intervention, we first turn inward to try to make capitalism work a little... Stop patronizing businesses, institutions, schools, and college majors that don't make financial sense. Be more thrifty.

P.S. Believe me, Suzy Ormann is not my oracle of financial knowledge, but listening to the call ins to her show is usually pretty mind blowing. Especially the folks with good incomes that are waaaay in debt!
Good post!

Also just playing Devil's advocate here.

Okay so, for those who DID handle their finances poorly, this suddenly make "Unconstitutional" okay? I mean, we just had an insident in Connecticut that prooved that some people, like credit, can't handle guns either, but the Constitution is protecting Americans from having their rights stripped of them.
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Old 12-17-2012, 06:42 PM
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There needs to be some accountability with these schools and lenders. Exactly who is telling the students "how the industry really is"? Everyone loves to say (in hindsight): "do you research!", but exactly how? There is no real mechanism for this. Recruiters tell students and parents what they want to hear, they don't always outright "lie", but they leave out some of the information and are not realistic. The industry wants to keep their flow of pilots coming, pilots at career fairs and during industry presentations are tippie-toeing for fear of making their employers mad, as well as when they get furloughed or finally move on, because you never know when you're going to have to right back to working for that crappy airline due to the instability of the industry. This makes the "do your research" line one of the most jacka$$ things we can say to anyone. It's just not realistic that people in that group can make the best decisions, and if they mess up, it's with them for sometimes the rest of their life! All because someone lied to them and there was a vacuum of real information?

There needs to be some accountability. I bet when the lenders start losing money they get wise REAL quick and stop giving out the money like candy. Then we can ensure that the institutions meet certain standards, performance targets, and so on. Heck, if the student declares bankruptcy, then go after the school! Why did they let someone of that caliber in the school in the first place? Lets build some damn accountability into the system. The goal isn't to allow any and everyone to discharge their loans, it's to somehow put a stop to the lack of accountability that schools and recruiters have. If it's ok for the airlines to go bankrupt and discharge, it should be ok for students too.
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Old 12-17-2012, 07:10 PM
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^^^This^^^

Over, and over, and over.
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Old 12-17-2012, 11:31 PM
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We get it, you think you should get a clean slate rather than own up to the obligations you made.
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Old 12-18-2012, 12:28 AM
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There are already rumblings about defaults on the 1 TRILLION dollars in outstanding student loan debt as being the next 'housing bubble'-type financial crisis. The political will to make it easier to discharge these debts, thus leaving the rest of America holding YOUR bag, is non-existant.

As written above, there needs to be some accountability. If you signed on the dotted line and reaped the benefits of an education provided by a student loan, you're the one who is accountable.
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Old 12-18-2012, 12:33 AM
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Originally Posted by SuperConductor View Post
We are owed "nothing"?? Hello? We are owed our Constitutional rights!
Since when is it a constitutional right to run up a huge student loan and then dump it off on others?
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Old 12-18-2012, 02:20 AM
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I paid cash for all my education and training. I'd love to pay for yours as well, it's the least I can do.

How old are you? This career has been shaky at best since the late 80s/early 90s. What part of this industry gave you the warm and comfy that you could easily handle all education debts accrued?

Last edited by usmc-sgt; 12-18-2012 at 02:32 AM.
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Old 12-18-2012, 02:44 AM
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Originally Posted by sqwkvfr View Post
Since when is it a constitutional right to run up a huge student loan and then dump it off on others?
I think he might be one of those who think it is a constitutional right to have a car, own a home, and a guaranteed job regardless of who pays for it.
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Old 12-18-2012, 07:08 AM
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I think it's hyaterical how some people think I'm the one with student loan debt. LoL!

This is about my, and other people's Constitutional rights. Do you think the attorney who argued before Congress that this is a violation of the rights afforded Americans was in student loan debt?

Originally Posted by Red Forman View Post
I think he might be one of those who think it is a constitutional right to have a car, own a home, and a guaranteed job regardless of who pays for it.
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Old 12-18-2012, 07:33 AM
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Originally Posted by SuperConductor View Post
I think it's hyaterical how some people think I'm the one with student loan debt. LoL!

This is about my, and other people's Constitutional rights. Do you think the attorney who argued before Congress that this is a violation of the rights afforded Americans was in student loan debt?
Please point out where it says in the Constitution that if you can't pay back your student loans that they should be forgiven?
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