U.S. Agrees to Buy Student Loans to Ease Borrowing

[ghengis86]

Shoot! I just missed it. If it was from 2006-2007 I would've been set.

you may be in luck, since congress authorized loans as far back as 2003 to be bought; they are just starting in 2007-2008. there is still hope. oh and it can't have been consolidated though

 

[Tarabell952]

yes, you're too smart for your own good. serious question though, should we just shrug? throw our pride aside and take the government handouts? like you said, you busted your ass and now, someone who didn't and just took out a loan, they get rewarded; wtf?

Hell, if I could take some government bailout at this point I would! This whole year everyone who has made mistakes has been getting free money from me and everyone else who did the right thing. So if there was something I could get bailed out for I would take it in a heartbeat. I'd be against it and lobbying my congressmen not to pass it. But alas they would pass it anyway and if I qualified I sure would feel I paid enough into the system to deserve some back. But nonetheless no bailouts will apply to me since I am not in debt to anyone (besides having one small car payment which i have no trouble paying).

The socialists will complain that some people have it worse off than me. I am lucky to not be in debt and to have the money to pay my bills. And therefore the government should take from me and give to those who have been less lucky. But the reality is I worked very hard to be in this position. I didn't win the lottery or some kind of inheritance. I am by no means rich (I am a grad student for God's sake!) I have just been frugal and smart with what little money I do make.

If I could start being stupid with my money and get a free house and not have to pay back bills for whatever I bought, well that certainly sounds attractive... I sometimes wish I knew a few years ago that making smart decisions wouldn't ultimately pay off. Well, sorry to blabber on about this. I just feel frustrated and indignant.

 

[amonasro]

what, the gubment is paying off student loans now? now we're talking!!

too bad I *graduated* in 2003...

 

[danberkeley]

This will simply raise the tuition fees since colleges know they can charge whatever they want and the government will pay for it. What about the students who worked and saved their money to pay for college? Will they get a reimbursement?

 

[rawraw04]

Nope thats why goeverment grants for college ultimately do more harm than good. Lol try telling that to an Obama suporter lol. I explaind it once and of course I just got the glazed over look.

 

[XxNeXuSxX]

I think we're jumping the gun on this one: It looks like they are buying loans off the lenders, not the students: So I believe this has no impact on students

 

[tommyzDad]

Shwing! Victory is mine.

Yes!!! I did not consolidate!!!

or

I think we're jumping the gun on this one: It looks like they are buying loans off the lenders, not the students: So I believe this has no impact on students

FRAK!!!

 

[amonasro]

I think we're jumping the gun on this one: It looks like they are buying loans off the lenders, not the students: So I believe this has no impact on students

We're only lining up with our hands out, just like everyone else...

 

[Fox McCloud]

I think we're jumping the gun on this one: It looks like they are buying loans off the lenders, not the students: So I believe this has no impact on students

I would tend to think so too, but if that's the case, why would they mention the payment of interest and 97% of the principal?

 

[tmosley]

We're only lining up with our hands out, just like everyone else...

Yes, but the difference here is that it is OUR money that is being handed out. I don't think it is unethical to try to get some of our money back.

 

[ShowMeLiberty]

I think we're jumping the gun on this one: It looks like they are buying loans off the lenders, not the students: So I believe this has no impact on students

This.

You guys with student loans aren't going to get out of paying them any more than people with mortgages through Fannie and Freddie are getting out of paying for their houses.

Actually, you're in a worse position because a mortgage can be dismissed in a bankruptcy (if you give up the house), but student loans can't be included in bankruptcy filings.

And I'm sorry but I just have to say that those of you who didn't figure this out for yourselves as soon as you saw this news item didn't get much return on your education investment. But you still have to pay the money back.

 

[danberkeley]

This.

You guys with student loans aren't going to get out of paying them any more than people with mortgages through Fannie and Freddie are getting out of paying for their houses.

Actually, you're in a worse position because a mortgage can be dismissed in a bankruptcy (if you give up the house), but student loans can't be included in bankruptcy filings.

And I'm sorry but I just have to say that those of you who didn't figure this out for yourselves as soon as you saw this news item didn't get much return on your education investment. But you still have to pay the money back.

True. But Congress could simply pass a law to allow student loans to be included in bankruptcy filings. I wouldnt put anything beyond Congress.

 

[SnappleLlama]

And I'm sorry but I just have to say that those of you who didn't figure this out for yourselves as soon as you saw this news item didn't get much return on your education investment. But you still have to pay the money back.

What 'choo mean I is so smarty my Bachloors degree opened my mindz!

 

[tropicangela]

Plus maybe they will settle for a less amount. It was overpriced anyway.