Comments for Student Loan Forgiveness | Financial News | World Economy

Comment on Gerald Celente, Jim Rogers, Max Wolf, David Walker and Others: America To Collapse Soon by Kelly

Kelly — Wed, 25 Jan 2012 00:54:25 +0000

Though things might be going a little too saddening right now but then again people tend to exert more efforts for survival.

Comment on Gerald Celente, Jim Rogers, Max Wolf, David Walker and Others: America To Collapse Soon by Jason

Jason — Fri, 20 Jan 2012 11:06:36 +0000

@ Andrew “things here are really bad. But there are always opportunities to make money. forget what economists say and do something with your money”

You may have some point here however it would be much nicer to learn how to responsibly use money. Not just mere use it.

Comment on The Student Loan and College Conspiracy by Leslie Watts

Leslie Watts — Fri, 20 Jan 2012 09:42:52 +0000

I plan on attending college soon, and was wondering If I should apply for student loans ? Applying for a student loan, is this a good thing or bad thing ?

Best Regards

Jordan

Comment on Stansberry Research Dec 2010 Report: From The Greatest Danger the US Has Ever Faced to IMF’s New Global Currency “Bancor” by Stansberry CS

Stansberry CS — Fri, 13 Jan 2012 16:23:50 +0000

If you have any questions about Stansberry and Associates, please do not hesitate to call customer service at 1-888-261-2693. We would be happy to assist you. We are open Monday – Friday 9-5 EST.

Comment on Is Online College the More Affordable Alternative to a Higher Education? by Felipe Sparks

Felipe Sparks — Wed, 11 Jan 2012 02:07:53 +0000

What a great article. I attended a small private college in the Northeast. I graduated 15 years ago. Tuition has more than doubled in that time. It’s absolute highway robbery. Especially when undergrad degrees have become less and less valuable.

Comment on Is Online College the More Affordable Alternative to a Higher Education? by Kate McCarty

Kate McCarty — Tue, 10 Jan 2012 15:54:07 +0000

I have taught at traditional on-ground major state universities for 27 years and at University of Phoenix for nine years. There are differences in the classroom experience versus the online classroom, but I think both have tremendous merit. My uninformed impression had always been that Phoenix cost more. This is really enlightening, and online makes so much sense for many students — those with full-time jobs, families and other commitments; those who need to travel in their work; those who can find time only late in the day or early in the morning. There’s no reason on-ground schools could not have adapted to this much earlier. Phoenix has a strong foothold in the market now and others are coming fast. And Phoenix is my only teaching experience in which the school has tried to help me be a better teacher. I enroll in constant workshops, my online classes are monitored and the administration really cares about what I’m doing in the classroom. Never experienced that at either the University of Alabama or UT-Austin.

Comment on Jim Rogers: Mark My Words, the US Dollar will Disappear by Sumedha

Sumedha — Thu, 05 Jan 2012 16:29:43 +0000

Thank god the Americans and Europeans won’t believe this and will continue to act like idiots.

Comment on Discharge Student Loans in Bankruptcy! by Mid Brown

Mid Brown — Tue, 03 Jan 2012 14:23:11 +0000

As a social security disability benefit recipient, I am also a parent plus loan recipient. Department of Education does NOT accept my 75+ pages of medical evidence as proof of my permanent disability, neither does American Education Services, and, of course, Sallie Mae does NOT.

So, I am currently trying to find a doctor willing to be harassed by these organizations to sign the letter that these companies want to have the parent plus loans discharged.

Forgiveness of all parent plus and student loans, both public and private, should include the amount paid towards the loans which will often bring the loan amount back down to the original amount and remove the outrageous interest rates charged by Department of Education, Sallie Mae, American Education Services, EDMC, Goldman Sachs, and the schools themselves.

If the amount forgiven brings the account down to less than zero, which is often the case for the older loans, the forgiven amount will NOT result in a higher tax being paid for this so-called “income”.

We NEED relief, help, and forgiveness for ALL the loans, and it will definitely improve the economy for all those persons who are struggling to work through this life-time loan mess-it’s the only loan that is NOT dischargeable in bankruptcy, does NOT allow reduction of interest rate equally and fairly, and it allows people not eligible for credit elsewhere to be provided loans upwards of $100,000.00 to the school they attend.

Comment on How Student Loans Affect Your Credit Score by Jen

Jen — Fri, 30 Dec 2011 21:12:00 +0000

I consolidated student loans about 10 years ago around 20K worth. For years this was reported as ONE loan with ONE payment. Recently my loan was purchased by NELNET (terrible company by the way) and they report it as THREE loans. The result is a net lowering of my FICO by 10 pts. I called Experian and Equifax to complain but they say it’s required by the government if the loans are different “types” like subsidized vs unsubsidized. My score is good, but it is irritating as hell that something completely out of my control lowered my hard-earned score by 10 points… overnight.

Comment on Jim Rogers: Not Optimistic About the World in 3 Years by TonyG, Denver, CO

TonyG, Denver, CO — Fri, 30 Dec 2011 00:06:34 +0000

Jim is right, it’s a leadership problem. It’s all about spending money that’s not in the treasury, printing money because we don’t have enough in the treasury, and a divided congress with competing agendas. Until we have some change in Washington, nothing will be accomplished, especially in an election year. Let’s face it; the current administration took its eyes off the compass and missed the opportunity to right the ship. The government is currently on the wrong track, and we need to get our priorities straight. We need a better business environment that will encourage job growth and small business lending. This can be accomplished with substantive adjustments in spending priorities to get the economy rolling, constructive tax relief to create incentives for business growth, and modest reductions in the deficit that demonstrate to the Public that we are now going in the right direction. Absent these modest changes, I’m investing in food production, energy production, and security contracting. Why? Because there is no doubt that that is what we will all really need in the years ahead.