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08-08-2012, 08:21 PM
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For Unpaid College Loans, Feds Dock Social Securit
More retirees are falling behind on student debt, and Uncle Sam is coming after their benefits.
http://www.smartmoney.com/borrow/stu...1344292084111/
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It is better to trust in the LORD than to put confidence in man. (Psalms 118:8)
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08-08-2012, 08:25 PM
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Supercalifragilisticexpiali...
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Join Date: Feb 2007
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Re: For Unpaid College Loans, Feds Dock Social Sec
Sounds fair to me. Too many people treat student loans as something less than a serious obligation. should be the same as a home mortgage or car loan. If you forfeit - lose the degree.
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"It is inhumane, in my opinion, to force people who have a genuine medical need for coffee to wait in line behind people who apparently view it as some kind of recreational activity." Dave Barry 2005
I am a firm believer in the Old Paths
Articles on such subjects as "The New Birth," will be accepted, whether they teach that the new birth takes place before baptism in water and Spirit, or that the new birth consists of baptism of water and Spirit. - THE PENTECOSTAL HERALD Dec. 1945
"It is doubtful if any Trinitarian Pentecostals have ever professed to believe in three gods, and Oneness Pentecostals should not claim that they do." - Daniel Segraves
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08-08-2012, 08:39 PM
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Join Date: Nov 2008
Location: Texas
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Re: For Unpaid College Loans, Feds Dock Social Sec
I disagree. Sometimes it's hard for graduates to find a job that pays enough to repay the loan and have enough left for rent and other necessities. Getting an education costs too much.
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08-08-2012, 08:39 PM
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Cross-examine it!
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Join Date: Mar 2008
Location: Orcutt, CA.
Posts: 6,736
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Re: For Unpaid College Loans, Feds Dock Social Sec
Quote:
Originally Posted by Hoovie
Sounds fair to me. Too many people treat student loans as something less than a serious obligation. should be the same as a home mortgage or car loan. If you forfeit - lose the degree.
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It is a bit more complicated than that. Government loans have forced the cost of tuition through the roof, now it is almost a necessity for a student to take out loans. And unlike other unsecured loans you can't get out of these, short of death.
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"Beware lest you lose the substance by grasping at the shadow." ~Aesop
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08-08-2012, 08:51 PM
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Join Date: Apr 2007
Location: Wisconsin
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Re: For Unpaid College Loans, Feds Dock Social Sec
Quote:
Originally Posted by Baron1710
It is a bit more complicated than that. Government loans have forced the cost of tuition through the roof, now it is almost a necessity for a student to take out loans. And unlike other unsecured loans you can't get out of these, short of death.
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I know that loans have forced tuition through the roof and that you can't declare bankruptcy on these but WHY have they forced tuition through the roof? What is the cause and effect here?
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Those who say it cannot be done should not interrupt the people doing it. ~Chinese Proverb
When I was young and clever, I wanted to change the world. Now that I am older and wiser, I strive to change myself. ~
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08-08-2012, 09:20 PM
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Cross-examine it!
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Join Date: Mar 2008
Location: Orcutt, CA.
Posts: 6,736
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Re: For Unpaid College Loans, Feds Dock Social Sec
Quote:
Originally Posted by ILG
I know that loans have forced tuition through the roof and that you can't declare bankruptcy on these but WHY have they forced tuition through the roof? What is the cause and effect here?
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Because the higher the government raises the limits on these loans the higher the tuition goes, not as a result of normal supply and demand but as an artificial government push of prices. If students attended college based on scholarships and cash on hand the supply of students would be lower or the cost of tuition would have to be lowered to meet the actual abilities of students.
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"Beware lest you lose the substance by grasping at the shadow." ~Aesop
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08-09-2012, 07:33 AM
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Banned
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Join Date: Dec 2007
Posts: 31,124
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Re: For Unpaid College Loans, Feds Dock Social Sec
Quote:
Originally Posted by Baron1710
Because the higher the government raises the limits on these loans the higher the tuition goes, not as a result of normal supply and demand but as an artificial government push of prices. If students attended college based on scholarships and cash on hand the supply of students would be lower or the cost of tuition would have to be lowered to meet the actual abilities of students.
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08-09-2012, 08:38 AM
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Registered Member
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Join Date: Apr 2007
Location: Wisconsin
Posts: 11,467
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Re: For Unpaid College Loans, Feds Dock Social Sec
Quote:
Originally Posted by Baron1710
Because the higher the government raises the limits on these loans the higher the tuition goes, not as a result of normal supply and demand but as an artificial government push of prices. If students attended college based on scholarships and cash on hand the supply of students would be lower or the cost of tuition would have to be lowered to meet the actual abilities of students.
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Yes, that's what I thought. I read not to long ago where our local chancellor of a fairly small college was getting about $345,000 a year in salary. When I read things like that and then they say tuition is going through the roof and the colleges talk about how we all have to make sacrifices to keep tuition low, it sounds like a crock.
But tuition going up is because the government broke the normal laws of supply and demand. Got it. Makes sense. Thanks.
__________________
Those who say it cannot be done should not interrupt the people doing it. ~Chinese Proverb
When I was young and clever, I wanted to change the world. Now that I am older and wiser, I strive to change myself. ~
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08-09-2012, 10:22 AM
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Join Date: Sep 2009
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Re: For Unpaid College Loans, Feds Dock Social Sec
If you run a college, and you know that if you raise tuition the Gov will always provide enough in loans to meet that tuition...why not raise it and get that good ol Gov money?
I have a feeling that if the Fed cut the amount of money available to students for loans in half, you would see tuition drop dramatically.
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08-09-2012, 10:34 AM
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Registered Member
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Join Date: Apr 2007
Location: Wisconsin
Posts: 11,467
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Re: For Unpaid College Loans, Feds Dock Social Sec
Quote:
Originally Posted by Nitehawk013
If you run a college, and you know that if you raise tuition the Gov will always provide enough in loans to meet that tuition...why not raise it and get that good ol Gov money?
I have a feeling that if the Fed cut the amount of money available to students for loans in half, you would see tuition drop dramatically.
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Yepper.
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Those who say it cannot be done should not interrupt the people doing it. ~Chinese Proverb
When I was young and clever, I wanted to change the world. Now that I am older and wiser, I strive to change myself. ~
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