LISTEN n LEARN asked:


http://www.forgivestudentloandebt.com/

Personally I think it is outrageous. These college grads are more sheep at the trough looking for a Obama handout. They claim that if they do not have to pay back their loan debt it will allow them to pay more into the economy. Yeah…pay more into the economy so they can buy themselves new cars, houses, TVs…. A stimulus is supposed to create jobs while at the same time improving our country. And on top of that, why should our government pay for someone’s degree (at the expense of taxpayers) when that person can use that degree to gain employment that others can’t ! ?

I first heard about this because the person renting my condo is 75,000 dollars in debt (architecture degree) and is paying as much on their debt as they do on their rent (for 10 years). He makes considerably less than I do and I never went to college but did an electrical apprenticeship instead. He started telling me how Obama should forgive his debt so that he can afford to buy a house and save for retirement. What a joke. He is more than willing to flash his degree around whenever possible, but the truth is that degree has left him with a considerable deficit.

I do think most colleges are an overly expensive “academic certificate” that generally teach low-value skills. We need to start pushing towards more vocational training and apprenticeships supplemented with a few college courses.

Credit Card Debt Reduction

spiceynumber asked:


Between my husband and I we are at least 150,000 in student loan debt. Due to the economy — we are making a combined total income of 2500 a month after taxes.

Once our forbearance period is over we were told that we no longer qualified for economic hardhsip deferment. Our payment would be about 1500 a month. How can they expect me to pay that — and be left with nothing to live on?!
Suddenly human — I would rather be dead. I have no family to live with. So you think people can live to the age of 70 repaying student loans never having anything but ramen noodles….nice. VERY compassionate, thanks.

Student Consolidation Loans

jiygfk asked:


Ive been doing a lot of student loan research and apparently there is a new movement of people trying to get their student debt wiped away, so that their money can be freed up to be spent, thus stimulating the economy. How do you feel about it?
im against it by the way

Loan Credit Card Consolidation

tridoc asked:


I am newly out of school and was looking to consolidate my outstanding federal student loans (just unsubsidized and subsidized Stafford Loans), but none of the major banks will accept new loan applications. That is including Sallie Mae, Chase, and Wells Fargo. What other options do I have? I prefer major banks, especially the way are economy is right now. How long would these programs be suspended?

Settlement Credit Card Debt

Harold and Kumar for the win! asked:


Ive been doing a lot of student loan research and apparently there is a new movement of people trying to get their student debt wiped away, so that their money can be freed up to be spent, thus stimulating the economy. How do you feel about it?

I’m personally against it.

Credit Card Debt Loan