CNN needed an anecdote for its story on *Shady College Loan Profit-Sharing*. The poster child of student loan debt obliged.
Debt Amount Settlement
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22-Jan-2010
22-Jan-2010
CNN needed an anecdote for its story on *Shady College Loan Profit-Sharing*. The poster child of student loan debt obliged.
Also, you didn’t answer the second part of my question.
Obviously, not a very good one. Let a 20 yr old educate you.
[Without bankruptcy] people would foolishly enter into loans that they have no business getting involved with, and unscrupulous lenders would take advantage of such individuals.
Bankruptcy laws create a check on the activities of LENDERS.
Why is your name have “nurse” in it? Are you an accountant for John Gotti or something and your day job is a nurse?
I am an accountant of course I understand bankruptcy! If we don’t forgive loans in bankruptcy and give lenders more protection for their assets then interest rates will go down. =D
You obviously don’t understand why bankruptcy laws exist. Do some research on the law before you run your mouth.
debt for life. that is a fair penalty
OK, hardass. So what’s a fair penalty for that error in judgment? And if an 18 yr old is considered too immature to drink alcohol, then why aren’t they considered too immature to take out student loans and pick their career track?
Quit whining!
You took out 100k so you pay it back! An Art Degree is not worth 100k in debt and if you are smart enough to get into a top university you are smart enough to understand that!
That stupid Oprah has pushed education but she hasn’t warned students about the dangers of college loan debt or the numerous fake schools out there like Westwood College of Video Game Programming or ITT Tech. She is just a shill for Sallie Mae. Student loan debt is just as bad as the slave labor on construction projects in Dubai.