<span style="font-size: 11px; color: #959595;"><a href="/forums/profile/5">Crono</a> said:</span>
Bankruptcy is a weird beast. Sometimes they take your house, sometimes they don't. Sometimes they take all your cars with loans on them, sometimes you are allowed to refinance. Sometimes they take your house and you still have to pay some of it back a few years, sometime it's a clean slate. I'm no expert on the field but my family has gone through three of them (once every 8 years almost like clockwork) and I've seen a different case each time. And yes, they are absolutely horrible with money. Poor by no means but then run up tens of thousands of credit card debt, second mortgages, and financing for more than the houses worth.Anyways, my point is that school loans may fall into that "Sometimes forgiven" category but I honestly have no idea. Google ahoy!http://bankruptcy.lawyers.com/consumer-bankruptcy/Student-Loans-In-Bankruptcy.htmlSo yeah, it stays unless you have "undue hardship".
<span style="font-size: 11px; color: #959595;"><a href="/forums/profile/100">Darth Howie</a> said:</span>
Some of you people seem to be living in some kind of time warp where hard work pays off 100% of the time like some kind of inerrant mathematical equation. That's not the way the world works. Some people worked their asses off to earn professional degrees like Law, Education and Medicine only to find that the industry they worked so hard to break into is not creating jobs. So what do you do? You take whatever job you can while continuing to knock on the door of the field you tried to enter. Except no amount of high grades or glowing recommendations will make jobs appear out of the ether. So you go to work in sales, in retail, in whatever is available, even though you are making virtually no money compared to your supposed earning potential. Now you are working a job that barely allows you to pay your bills and then, on top of that, you run out of forebearances on your student loans and you have to start paying down the interest if only to keep them in check, while waiting for the economy to improve and for jobs to start opening up. Meanwhile governors declare war on educators and law firms start outsourcing document review projects to India. People like this have been FUCKED by the system that exacted a price and then didn't live up to its end of the bargain. Before you make such severe allegations, find some proof that people struggling with student debt are just sucking at the public teat. I'm so fucking sick of people attacking people who struggle and blame them instead of the causes of their struggles. Blaming the victim will only earn resentment. The Protestant Work Ethic is a fucking lie.
<span style="font-size: 11px; color: #959595;"><a href="/forums/profile/73">Fukiyama</a> said:</span>
College education is the next great bubble precisely because the government has made it so easy for America's children to sign up for loans.Instead of facilitating a broken system by forgiving loans, we should be fixing the system by weaning Big College off the government teat.