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The Water Cooler
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Just found this on yahoo. Student loan forgiveness
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<blockquote data-quote="JonN06" data-source="post: 1646488" data-attributes="member: 17207"><p>Firecop, I'm confused. I used to live in Blanchard, Went to school k-12 in Bridgecreek. My parent received aid from FEMA after the May 3, 1999 tornado took our house. That's a natural disaster that no one could have seen coming. I don't recall all of the aid as I was 10 at the time. I know they got a pretty good interest rate to rebuild a house from FEMA other than that I don't recall. Most of what they received was from charities or churches, not actually the government.</p><p></p><p>I just don't think it is right for someone to agree to a set of terms and get what they wanted and then decide to not pay back what they bargained for. If the government wants to hook them up with some sweet interest rate deal sure why not. I'm no finance expert. I just feel at the very minimum the initial amount loaned should be payed back. </p><p></p><p>Obviously the education system is broken. Maybe public colleges that receive federal funding shouldn't be charging such outrageous tuition in the first place.</p><p></p><p>All I know is that if you agree up front to a loan you shouldn't complain about it after you received what you wanted from the deal.</p></blockquote><p></p>
[QUOTE="JonN06, post: 1646488, member: 17207"] Firecop, I'm confused. I used to live in Blanchard, Went to school k-12 in Bridgecreek. My parent received aid from FEMA after the May 3, 1999 tornado took our house. That's a natural disaster that no one could have seen coming. I don't recall all of the aid as I was 10 at the time. I know they got a pretty good interest rate to rebuild a house from FEMA other than that I don't recall. Most of what they received was from charities or churches, not actually the government. I just don't think it is right for someone to agree to a set of terms and get what they wanted and then decide to not pay back what they bargained for. If the government wants to hook them up with some sweet interest rate deal sure why not. I'm no finance expert. I just feel at the very minimum the initial amount loaned should be payed back. Obviously the education system is broken. Maybe public colleges that receive federal funding shouldn't be charging such outrageous tuition in the first place. All I know is that if you agree up front to a loan you shouldn't complain about it after you received what you wanted from the deal. [/QUOTE]
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