Yep. Americans should be free to make choices like that. And the fear of those people claiming bankruptcy keeps those credit agencies at least a little bit more cautious.
Yeah, imagine without school behind it, walking into a bank at 18 and asking for 25k. No collateral. Also, I don't have a job, and do not plan on getting one this year. Oh also, I'm not going to make any payments this year. ALSO, I'm going to come back every year for the next 3 years after this and ask for the same thing.
I have 6 kids and all have had student loan debt and I helped each one as much as I could. Ive got 3 grandkids in college now and 2 have loans now, and know they are responsible to pay them back over the long haul. They were not tricked and unaware what their obligation would be. I wasn't being lazy in my take just realistic in that they will continue to build up debt as most people do even if their student loan is forgiven.
Thats good! A commend you for wanting to purchase a home.
Yeah, going with the new car, smart phone, vacations, credit card debt had some serious boomer energy. Surprised you didn't throw in going out for coffee and Avocado toast in there.
That is excellent for your kids and grandkids, and you're commendable for helping them. A lot, and I would even argue a majority, of borrows do not have that luxury. Not sure if your kin have gone through any loan consolidation or IDR plans, but that is where a lot of the issues arise. My loan has been sold from one government processer to another a few different times, and each time I get information about how it was because they were found to be predatory. I'm one of the lucky ones that hasn't been screwed over completely, but most aren't.
Maybe you should actually read up on it.
Actually, this is a very uninformed statement. Now if you had said "Some loans are predatory" and "Many are a profit making tool" and "Some institutions use them as a product of coercion which could be construed as morally wrong", then I would agree with it.
You accusing PBS of gaslighting?
I sincerely respect your opinion and can actually understand why you have the opinion you do. But based on your reason/logic, how do you excuse (or possibly even support) similar (or worse) gaffes by the previous White House occupant? Serious question.
They aren’t perfect.
We'll never fix it if we don't start paying our political leaders better and get rid of lobbying.
Money cost money regardless if its a business or individual’s financing homes or whatever.
If it charges interest, the loan is predatory. Period.
Typical deflection. Might as well just yelled “Fake News”.
I in no way am implying that questioning Biden's cognitive state is out of line. It is a very valid concern, just as it was with Trump. There's been a great deal of uncertainty in this world for decades. The pandemic was a prime example, and Trump's inability or unwillingness to understand the ramifications only made it worse. Which makes Biden's gaffes that much more concerning going forward. There needs to be an age limit on the presidency, Congress and the Supreme Court. Maybe then, unless there is a case of early onset dementia, we won't have these concerns. But seriously trying to be as objective as possible, Joe Biden seems capable of running rings around Donald Trump in a cognitive awareness contest.....and that ain't sayin' shit.....
Bingo. Biden is so much more capable than Trump it isn't even worth the comparison.
Not sure I agree totally. Sure there are predatory loans and people who are looking to rip people off.
I dont expect all the products and service at no cost, but I do expect a fair competitive price. Profit covers cost materials/capital, wages, taxes and what's left over can be either saved, invested and/or spent which supports another sector/industry/person.
Many Credit Unions are non profit.
