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Student loans are not free money.

CCTAU

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Re: Student loans are not free money.
« Reply #20 on: June 03, 2010, 11:34:07 AM »
I still make that monthly payment on the loans I got for law school 10+ years ago.  I tried to pay for as much of it as I could as I went through school but I still came out with a pretty good chunk to pay.  Nothing like what the average graduate comes out with today but still a monthly hit to the budget. You just have to be smart enough to not bite off way more than you can chew and responsible enough to handle your bidnezz.  

You should call the Birmingham news and do a story. Maybe you too can get sympathy.
 :sarcasm:

Most of us had loans and/or worked our asses off to pay for as much as we could. For those like this woman, it is a slap in the face of the responsible people.

This is the same as legal immigrants feel about illegals. We, as a society, are allowing super-sympathy to override common sense. And as a society, we are teaching our children that "it's not your fault."
« Last Edit: June 03, 2010, 11:35:07 AM by CCTAU »
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Five statements of WISDOM
1. You cannot legislate the poor into prosperity, by legislating the wealth out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it.
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friends, is the beginning of the end of any nation.

JR4AU

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Re: Student loans are not free money.
« Reply #21 on: June 03, 2010, 12:59:21 PM »
Maybe I wasn't clear. The company has a responsibilty for their money, and their money only. That's it. They have no responibility to the girl borrowing money to help her make a sound decision. None. Business is business and as long as there is nothing illegal going on, the company will keep giving money. Why? Because they know the risk involved and the money they can make from people borrowing from them. So their responsibilty lies with only protecting their money.



 :vn:
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