Cancelation of student loans on nov. 15???

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I was reading something, an article online where it stated that all student loans would be cancelled on nov.15 of this year! Meaning everyone with student loan debt wouldn't have to pay it back, though it would create more of a financial deficit in the United States, I don't think any students with student loan debt is going to be a not sayer lol.

I'll post the article I read so you can look for yourself but I just want to know if its true or not and your thoughts and opinions. Crossing my fingers it's true though...lol

http://club937.com/president-obama-announces-plan-to-forgive-all-student-loans/

Specializes in Pedi.
Don't try and change my opinion becau I only ask what your opinion was nothing more thank you!

It's not really a matter of opinion. It is a fact that student loans will not be canceled and that the article that you posted originated from The Daily Currant, which is a well known satire blog. No bank is ever going to say "oh we gave you all this money and you didn't pay it back. That's cool." Just like no mortgage lender would ever say "Oh we gave you all this money to buy a house but you're not making payments... that's cool you can stay living there, we won't foreclose on you and will just take the $300,000 loss." Sorry, but your loans aren't getting canceled... and they're accruing interest as we speak.

Specializes in Case Management.

So glad school started so I can focus my time on more important things then to read people reply to this thread like its a political debate. If you read carefully I believe I said that the article I posted was not the original article I read but in FACT just an article I posted to clarify what I was talking about.

Oh and sorry for dreaming, I never said I thought it was true but who says wishing was as evil as you all are making this post out to be, smh..for shame!

I'm so glad you're back in school. A little education could do you good. Ps you'll have to pay back any student loans you take out even if you declare bankruptcy.

Specializes in LAD.

There ain't nothing free in this world!

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