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We also recently commented on how the US college system draws people into large debts (Debtucation) and how student debt is now larger than credit card debt in the US. It is the US Government itself that has made college education so expensive by offering student loans to anyone who can fog a mirror but again they have shown their intentions by making student loan debt the only debt which can not be forgiven. A 2005 decree from the Bush Administration stated that student loan debt could not be dissolved through bankruptcy proceedings. The only other scenario where this “no-escape” clause exists is debt from criminal acts and debt from fraud. In other words, student loan debt is seen, by the US Government, as being similar to proceeds from crime!
What will this mean with more young Americans in student loan debt than any other time? It's anyones guess but it would not be out of the realm of possibility to force students who can not pay off their debt into the military to repay their debt
Now We Are All Criminals
It is already said that there are so many laws, rules and regulations in the US that each person in the US breaks at least one law per day, if not much more - without even knowing it. But the US Government is becoming more obvious in how it will go about making everyone a criminal and fining them ridiculous amounts of money in doing so.
Originally posted by macman
Forced into the Military to pay debt?
How about this, not taking huge student loans, actually work while going to college and pay the bills as you go, find a trade, go into the Military as opposed to College?
One does not equal the other, sorry..
Personal choices everyone, plain and simple.
Originally posted by mblahnikluver
Originally posted by macman
Forced into the Military to pay debt?
How about this, not taking huge student loans, actually work while going to college and pay the bills as you go, find a trade, go into the Military as opposed to College?
One does not equal the other, sorry..
Personal choices everyone, plain and simple.
Really??
Sure cause the workforce in the US is so huge right now.
I busted my ass to pay for school when I couldn't get loans and well THREE jobs wasn't enough. Do you know how expensive college is? DO YOU. Aerospace engineering degrees are NOT cheap!
Now i have one loan and am being screwed by my old school and well it has come to me involving lawyers. COMPLETE and utter MONEY scam! God I hope they all lose their jobs for their lies!
Im a straight A student and all they care about is MONEY. When I started community college after I graduated it was nothing like it is now, they actually DID care but now it's gotten so bad. Its alllll about the benjamins baby!
What will this mean with more young Americans in student loan debt than any other time? It's anyones guess but it would not be out of the realm of possibility to force students who can not pay off their debt into the military to repay their debt
while it does mention a no escape clause im sure there's no language in there waving someones right to choose the method in which they repay their loans, only that they do repay them.
Originally posted by Illusionsaregrander
reply to post by macman
Whatever. I DID pay my way through. I worked before college and saved money, and I worked during college, and I have zero college debt. But..........Im not going to get on a high horse and say everyone should do it that way. If you do a cost benefit analysis, depending on what you are going for, you may be much better off taking on the debt and getting the increase in salary sooner rather than later. Because lets face facts, it takes longer to complete a degree when you are working full time and paying it as you go.
AND, you miss out on the equally important internships and other crap that employers today demand you have when you are holding down a full time job.
College is just a hoop. Its just another way to prove to potential employers that you are willing to play the game, jump all their hoops, and participate in the American way, which, by the way, includes debt. A corporate headhunter actually wrote that someone with no debt is a worse hire than someone with lots of debt and an extravagant lifestyle because the latter shows strong status needs, and they HAVE to chase the dollar to pay for it. Which means they will do what you want and need them to to get those bonuses.
What the average person thinks of as "good" (straight A's, no debt) corporate America does not.
Originally posted by mblahnikluver
reply to post by macman
So because I wasn't born with a silver spoon in my mouth and parents who pay my tuition I should not pursue my dreams?
Haaa yeah ok right..
You sound like the dept of education!
Apparently you never had a dream in your life!
Originally posted by macman
How about this, not taking huge student loans, actually work while going to college and pay the bills as you go, find a trade, go into the Military as opposed to College?