Support the Student Loan Forgiveness Act of 2012

SinikRN101 · Aug 20, 2012

No, I knew full well the responsibility of the loan I took out. I spent years longer in community college to have LESS student loan debt, now because someone else took the quick/easy (at a tech school and paid $30,000) way they don't want to pay it back?!? How is that fair to people like me??

Nolli · Aug 20, 2012

Sorry, I don't agree with it in its entirety. I went to community for pre-reqs to keep myself out of debt and when I took out my loans for my BSN I promised I'd pay them back. Does the amount of debt I have scare me? You bet. But I can't just run away from it. It is my debt, I own it and so I will pay it.

I think loan modification should be available for those who need it but true loan forgiveness should not be used except in extreme cases or when they discharge the debt through public service. Loan forgiveness is really something that should be a last ditch effort to keep people's lives from being ruined when something catastrophic happens in life and despite their efforts they cannot get on top through no fault of their own. An example I've seen is losing a job because of cancer and losing the insurance that goes with it because they were unable to work and facing foreclosure on the house while the medical bills continue to pile on.

Stephalump · Aug 20, 2012

Hey if the rich suburbanites can get breaks on their fancy mortgages they cant afford then I can get a break on my student loans.
Hell yes

You know, logically I think this bill is ridiculous and a great way to keep bankrupting our country.

Illogically, I totally agree with you. EVERYONE seems to be getting breaks except the middle class, and I'm absolutely sick of it. We don't qualify for government assistance, but we can't just go buy an extra house for a nice big Ted write off, either.

Just throw my debt in the pot with the rest of it.

heydelilah · Aug 20, 2012

I paid for my first BA by working 50 hours a week because I didn't qualify for assistance (too middle class), didn't want to be burdened with loan repayments, and didn't want to burden my parents who raised me for 18 years. My ASN was fully paid for with minimal loans because I again worked 40 hours a week during a full time program.

I feel for those who had to take massive loans, but I refuse to pay them back for you. Cap interest rates, sure. Wipe your loan debt at the expense of my paycheck (because yes, to pay for things like this we inevitably have to do things like raise taxes). Absolutely not.

maffechr · Aug 20, 2012

There is a very ignorant strain of what I like to call the "pull yourselves up from your bootstraps" mentality throughout most of the replies in this thread. It is a mentality that favors diploma mil colleges and big banks over middle class and poor citizens. Many of the replies show an incredible arrogance of their own "personal responsibility", rather than an understanding of many of the nuances of our current student loan crisis. I will venture to guess that those who reply with such callousness have never had emergency medical bills, worked a low-wage job, or many other situations that disadvantage many of our current student loan borrowers. More than likely, many were born on third base and think they hit a triple...

on eagles wings, ASN, RN · Aug 21, 2012

There is a very ignorant strain of what I like to call the "pull yourselves up from your bootstraps" mentality throughout most of the replies in this thread. It is a mentality that favors diploma mil colleges and big banks over middle class and poor citizens. Many of the replies show an incredible arrogance of their own "personal responsibility", rather than an understanding of many of the nuances of our current student loan crisis. I will venture to guess that those who reply with such callousness have never had emergency medical bills, worked a low-wage job, or many other situations that disadvantage many of our current student loan borrowers. More than likely, many were born on third base and think they hit a triple...

actually i'm in thousands of dollars in debt in emergency medical bills and work a low-wage job, and am in a family of broke immigrants from a poverty-stricken Caribbean island, and i think this bill is goofy. i shouldn't expect anyone to forgive any of my debts from school.

i was accepted to an expensive private school and knew i couldn't pay for it, so i applied to a cheap CC and went there instead. when i get hired as an RN in a couple of months(i already have an offer at my current workplace), i plan on paying all my debts AND my mother's school debts before getting my BSN or getting any other kind of loan for a car, for example.

i think it's about responsibility and just dealing with everyday life troubles. i don't expect anyone to get me out of debt. especially not the govt. not their job. that's my two cents....