What does every one think about President Obama's plan to "Write off" Student Loans?

SGT(P) Crystal Marie France — Sun, 06 Sep 2015 16:06:09 -0400

http://www.laterlife-planning.com/?debt=plantoday

If you are suffering from economic hardship, the Department of Education can offer you a payment deferment for up to 3 years if you qualify.

Response by CSM Michael J. Uhlig made Sep 6 at 2015 4:15 PM

CSM Michael J. Uhlig — Sun, 06 Sep 2015 16:15:43 -0400

Aint nothing in this life is free....someone will pay, most likely every member on RP to start with!

Response by SFC Wade W. made Sep 6 at 2015 4:20 PM

SFC Wade W. — Sun, 06 Sep 2015 16:20:00 -0400

This is just more of the socialist showing themselves. Somebody will have to pay or those colleges and universities will suffer financially. Anytime I hear about stuff being written off or debt forgiven I just think of votes being bought.

Response by CSM Carl Cunningham made Sep 6 at 2015 4:20 PM

CSM Carl Cunningham — Sun, 06 Sep 2015 16:20:13 -0400

I look at this like the "everyone gets a trophy" saying. I think completing a college education is like getting a trophy, and not everyone should get one. If EVERYONE in our country had a college education, then it would only diminish that accomplishment. And who would work the blue collar jobs if we all had degrees? I feel everyone should have the opportunity to get a degree, but not everyone should get one with the same ease. Life is just going to be harder for some, than others. That is why I joined the Army in the first place....if I did not, I would be selling drugs or in prison right now.

Response by SFC Wade W. made Sep 6 at 2015 4:30 PM

SFC Wade W. — Sun, 06 Sep 2015 16:30:04 -0400

I live in Prescott, AZ and the only place I go for my medical needs is the Northern Arizona VA. I retired in 08 and have made a conscious decision to only use the VA. My team and the staff are absolutely wonderful. They have always been attentive, timely and focused on my concerns. When I meet a veteran in my community who hasn't checked into the benefits office yes I encourage them to do it ASAP. I am grateful to live in this area with such a great VA.

Response by SFC Wade W. made Sep 6 at 2015 4:37 PM

SFC Wade W. — Sun, 06 Sep 2015 16:37:05 -0400

I am sure there are reserve or national guard MP's in your department. I would talk with some of them as they have first hand knowledge of your local units and the leadership of those units. I wish you the best in your endeavors to advance your career in your chosen MOS.

Response by SSgt Private RallyPoint Member made Sep 6 at 2015 5:07 PM

SSgt Private RallyPoint Member — Sun, 06 Sep 2015 17:07:31 -0400

Not much. Nice idea but spending money profligately is irresponsible while cutting back forces and sequestering..

Response by SSG (ret) William Martin made Sep 6 at 2015 5:18 PM

SSG (ret) William Martin — Sun, 06 Sep 2015 17:18:45 -0400

It took me 7 years to pay off my $14k something and the final payment was one lump some.

Response by SGT Scott Bell made Sep 6 at 2015 6:07 PM

SGT Scott Bell — Sun, 06 Sep 2015 18:07:10 -0400

WE WILL SEE

Response by CW4 Guy Butler made Sep 6 at 2015 6:16 PM

CW4 Guy Butler — Sun, 06 Sep 2015 18:16:31 -0400

Part of the problem is the 2005 bankruptcy reform removed student loans from chapter 7 bankruptcy. This may have also led to banks offering loans to higher risk students.

Let's see if this post stays here...

Response by Cpl Dennis F. made Sep 6 at 2015 6:55 PM

Cpl Dennis F. — Sun, 06 Sep 2015 18:55:58 -0400

Makes me wish I had one.

Response by LTC Kevin B. made Sep 6 at 2015 9:42 PM

LTC Kevin B. — Sun, 06 Sep 2015 21:42:50 -0400

What exactly are you referring to when you say "Obama's plan"? That's a pretty vague brush you're painting with there. He doesn't have any plan to allow all students to write off all debt. He did take an action to allow some students to potentially write off their Federal debt under specific circumstances.

Response by TSgt Kenneth Ellis made Sep 6 at 2015 10:00 PM

TSgt Kenneth Ellis — Sun, 06 Sep 2015 22:00:23 -0400

He does not look at why there is a problem. Every time the Goverment raise the amount of money you can borrow. Tuition goes up. He never complains about how much professors make. And what about people who go for degrees that are not going to prepare them to get a job. When you get free money what incentive do you have . What he should be saying we are going to put limits on how much you can borrow. Shouldn't he forgive loans that people made to buy houses or cars for those people could not afford them?

Response by SFC Joseph James made Sep 6 at 2015 10:09 PM

SFC Joseph James — Sun, 06 Sep 2015 22:09:40 -0400

Sounds like fun....Who's paying for it?

Response by Capt Private RallyPoint Member made Sep 7 at 2015 8:14 AM

Capt Private RallyPoint Member — Mon, 07 Sep 2015 08:14:36 -0400

There seems to be a large group of our society that thinks repayment of a loan (any loan) is okay. What about they folks who would lose the money they loaned? Or they ones who have to pay it back for you?

When I agree to terms in a contract I accept the responsibility to honor what I agreed to.

Response by LCDR Private RallyPoint Member made Sep 8 at 2015 5:01 PM

LCDR Private RallyPoint Member — Tue, 08 Sep 2015 17:01:07 -0400

It's all about the "carrot" and the "stick"...I read the President's claim he and his wife were paying off student loans only five years before entering the White House. Perhaps that so...if it is, then I'd like to know how someone reputed to be worth so much upon entering office was carrying serious debt a year or two before campaigning for the highest office in the land...Don't we rank debt load heavily in security clearance applications?

If it's more like I imagine...and it's no big deal to carry a debt you can easily pay off at any time to be "one of the people"...then I suspect he is simply trying to ensure the Democratic base is feeling all giddy when Mrs. Clinton asks them to sign her "pledge" form.

If my taxes are paying for it, I'd a whole lot rather them give mine to some hard working person trying to raise three kids and pay off a mortgage instead ;)