Up Next.. Student Bailout

Pack93z
Select Member Topic Starter

12 years ago

So.. if you make your payments small enough, stretch it over 10 years... you too can pocket up to a cool 45,520 dollars. Sweet.

All in the name of stimulating the current economy.. giving away future dollars. Brilliant.

Can you have your student loans forgiven after 10 years?

Representative Hansen Clarke of Michigan introduced The Student Loan Forgiveness Act of 2012 (H.R. 4170) this month with the aims to “make student loan repayment both simple and fair,” according to the congressman and you may be able to have student loans forgiven if you have been paying for 10 years.

For some, the forgiveness would be instant (those paying 10 years and meeting other criteria) and the hope is the money would be used to help stimulate the economy.

"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"

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Zero2Cool
Elite Member

12 years ago

At my current payment schedule, I'm looking at 12 more years. Should I qualify for this or you being a smartass?

Zero2Cool
Elite Member

12 years ago

Wait, if our national debt is $15,568,065,521,254 how can we pay off student loans?

Pack93z
Select Member Topic Starter

12 years ago

At my current payment schedule, I'm looking at 12 more years. Should I qualify for this or you being a smartass?

Originally Posted by: Zero2Cool

According to the details.. you very well may be able to qualify it you have been paying for 10 years.. or when you hit 10 years.

My point is.. why sell out tomorrow (future students getting their loans eliminated) for the sake of a minor boost to the economy now.

"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"

Wade
Veteran Member

12 years ago

ARGH!!!!!!!!!!!!!!!!!!!!!!!

And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)

Pack93z
Select Member Topic Starter

12 years ago

ARGH!!!!!!!!!!!!!!!!!!!!!!!

Originally Posted by: Wade

Okay.. whom is the ARGH directed to.. lol.

"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"

Porforis
Veteran Member

12 years ago

ARGH!!!!!!!!!!!!!!!!!!!!!!!

Originally Posted by: Wade

Me too. I just dropped $2500 towards the wife's student loans.

wpr
Preferred Member

12 years ago

alright there is hope for my kids. But since they have not started yet the govt will come to their senses (snerk) and abandon the program when they get to year 9.

Wade
Veteran Member

12 years ago

Okay.. whom is the ARGH directed to.. lol.

Originally Posted by: Pack93z

To the kind of morons who thought up this Student Loan Forgiveness Act.

And to the morons who keep voting for them.

I am hereby adding Wade Rule #63:
It is impossible to overestimate the stupidity of "solutions" that politicians will find.

And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)

gbguy20
Veteran Member

12 years ago

#10

Originally Posted by: Wade

is there somewhere i can find the first 62 rules because this list sounds awesome

BAD EMAIL because the address couldn ot be found, or is unable to receive mail.

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