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Do you consider student loans government hand-outs?
Posted on 4/27/15 at 8:52 am
Posted on 4/27/15 at 8:52 am
Why or why not?
10
Posted on 4/27/15 at 8:56 am to Stonehog
They are handouts to the banks because they are federally insured.
Posted on 4/27/15 at 8:59 am to Stonehog
quote:
Do you consider student loans government hand-outs?
Why or why not?
That is a seriously loaded question.
No, because I have already paid mine back in full.
Other times and circumstances, absolutely.
Posted on 4/27/15 at 9:01 am to Stonehog
If the loan is paid back, no.....if not paid back, yes
Posted on 4/27/15 at 9:03 am to Stonehog
I consider them ruining college and the biggest reason for the higher price tags for the education. If there is no government ruling that will payoff the loans then no as far as the students are concerned. However, banks have benefitted because they are guaranteed by the gov.
Posted on 4/27/15 at 9:07 am to Wtodd
quote:
If the loan is paid back, no.....if not paid back, yes
Posted on 4/27/15 at 9:12 am to Wtodd
Whether the loan is paid back or not, the bank makes money. It's probably the most glaringly obvious example of corporatism there is.
Posted on 4/27/15 at 9:15 am to Stonehog
quote:
Why or why not?
For me? No because I had to pay every penny of mine back, plus interest. And because there's an actual sense of accomplishment once that debt has been paid off. Hand-outs shouldn't come with a sense of accomplishment.
Posted on 4/27/15 at 9:21 am to DynastyDawg
quote:
No, because I have already paid mine back in full.
So you needed money, and the government gave it to you.
Whether you paid it back or not is irrelevant, the government helped you when you had no other options.
Posted on 4/27/15 at 9:26 am to Stonehog
He used the available option besides just working and pay as you go.
He paid his loan back. Loan being the key word. As opposed to the other government entitlement programs that don't require a damn thing except fake info. Technically you may be right but the intent is what matters to me.
He paid his loan back. Loan being the key word. As opposed to the other government entitlement programs that don't require a damn thing except fake info. Technically you may be right but the intent is what matters to me.
Posted on 4/27/15 at 9:38 am to Stonehog
quote:
So you needed money, and the government gave it to you.
Whether you paid it back or not is irrelevant, the government helped you when you had no other options.
Actually, wrong again.
I got less than 20% of my loans from the government because my parents made too much money. How the frick that makes any sense I will never know. I was taking out loans because I was paying for my college.
I got the vast majority of my loans privately. The only reason I got government loans was because the interest rate was substantially lower.
So I had plenty of other options, I just chose the smarter route because I have a brain.
But you have an agenda here, and I wouldn't expect you to understand it anyway.
This post was edited on 4/27/15 at 9:39 am
Posted on 4/27/15 at 9:46 am to Stonehog
quote:
Do you consider student loans government hand-outs?
Why or why not?
Not if the loans are paid off. Otherwise, yes for instance if the government ends up forgiving said loans.
Posted on 4/27/15 at 9:46 am to DynastyDawg
2smooth answered my question.
This post was edited on 4/27/15 at 9:49 am
Posted on 4/27/15 at 9:46 am to Stonehog
He already said it was limited due to his parents income.
Posted on 4/27/15 at 9:47 am to davesdawgs
quote:
Not if the loans are paid off.
You need $10,000.
The government gives it to you, tells you to pay it back whenever.
But it's not a handout.
Posted on 4/27/15 at 9:51 am to Stonehog
Handout
1 a :to give without charge
b :to give freely
Student loan comes with an agreement to pay back with interest.
1 a :to give without charge
b :to give freely
Student loan comes with an agreement to pay back with interest.
Posted on 4/27/15 at 9:51 am to Stonehog
quote:
The government gives it to you, tells you to pay it back whenever.
Is that how student loans work? No?
Why are an idiot?
Posted on 4/27/15 at 9:53 am to the808bass
quote:
Is that how student loans work? No?
Why are an idiot?
1. If you make payments for 10 years, the remainder of your debt is expunged.
2. Why are an idiot?
Posted on 4/27/15 at 9:54 am to Stonehog
quote:Exactly. Not really sure what you are confused about.
You need $10,000.
The government gives it to you, tells you to pay it back whenever.
But it's not a handout.
Posted on 4/27/15 at 9:55 am to Stonehog
quote:
1. If you make payments for 10 years, the remainder of your debt is expunged.
Link?
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