Home

Blog

H.R. 2028, The Private Student Loan Bankruptcy Fairness Act of 2011 (294 comments ↓ | 6 wiki edits: view article ↓)

  • This item is from the 112th Congress (2011-2012) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

H.R. 2028 would amend title 11 of the United States Code to modify the dischargeability of debts for certain educational payments and loans.

(read more ↓)
[1,056 views]

Learn More

    Costs: $0.00 per
    and increases their $162,301.27 share of the national debt by $0.00.
    (source info)

  • Read the Bill
  • See What People Are Saying

To What Comittee was this Bill Referred?

Visitor Comments Comments Feed for This Bill

Page 1 of 4: « First/Oldest | ‹ Previous | Next › | Last/Newest »

Josh Taylor

June 10, 2011, 8:47pm (report abuse)

Students are too lazy to get a job to pay for collega and all they do is borrow money from banks and never pay them back.

Low-life student losers who steal money from the bank should locked up in prison for 150 years with Bernie Maddoff as their only friend.

"Thou Shall Not Steal"

VOTE NO.

Mick3972

June 13, 2011, 12:19am (report abuse)

Obviously you were not one of the hundreds of thousands of students that have been sold a faulty bill of educational goods only to find out that employers don't value they're education with adequate compensation!

@Mick3972

June 13, 2011, 3:51pm (report abuse)

Whatsa mattah there Mick? Did you find out that your Basket Weaving degree wasn't worth anything? It's hard to sell the value of that liberal arts degree when the employers are looking for someone who's education actually added value to the person.

BP

June 13, 2011, 9:00pm (report abuse)

... then maybe the price of education should follow the market price of what it will reap in the real world? $100,000 for an MBA and $12.50 for basket weaving?... like that will ever happen.

Our education system is broken, and the whole student loan market is broken as well. When you have diploma mills cranking out worthless degrees and you have hapless students being sold on their potential and hype, you will have an influx of undereducated and bloated job market that's not good for any economy.

What they should do is fix the main problem (educational system), but for people who got bought into the commercialism of our education market, this bill is a welcome relief.

I would vote yes.

@BP

June 13, 2011, 9:36pm (report abuse)

What's broken is the idiotic expectation that a liberal arts degree has any value. If you paid $12.50 for it you still paid more than it was worth.

And I sure as hell didn't pay $100,000 for my MBA. Sounds to me like someone thought a name brand school degree would buy them a job. Sorry to say it doesn't work that way anymore. The employers are much more concerned in what you learned instead of where you learned it.

Cordy K.

June 14, 2011, 5:11am (report abuse)

I don't think laziness has to do with people unable to pay off their student loans. Your comment is possibly the most egotistical and ignorant comment if I ever heard one.

Think about it, you have people who can get out of credit card debt and mortgages through bankruptcy, yet private student loans get an exclusive exemption?

This bill makes private student loans to play in the same ballpark as other unsecured debt. This is not an educational issue; its a free market issue.

@Cordy K.

June 14, 2011, 10:19am (report abuse)

"My basket weaving degree won't pay my bills. I don't want to pay up."

Sure, let's create another avenue for people to avoid their reponsibilities.

Typical.

I Voted NO on this one.

Cordy K.

June 14, 2011, 6:30pm (report abuse)

Then please contact your congressman to create a bill that abolishes all bankruptcy protection. See how far you go with that.

You will see banks and lending institutions gouge people for even more money... not that they are not doing that now.

Peter

June 15, 2011, 12:29am (report abuse)

I have an IT degree no one takes seriously and cant find work. To the morons who say "pay your loans"? That's all well and good. With no job and now crappy credit because af not being able to pay. How am I supposed to pay it now on McMinimum wage and feed a kid? Thats is just not right and I didnt ask for this. My Degree is not a basket weaving degree! Now I have idiots threatening jail to me too for a situation out of my control. Anyone who should be accused of stealing anything is the institution that certified the funds and failed the students to begin with. Josh you are dumb ass idiot! And the anymous "@ insert name here" is a lowlife coward troll, and perhaps a miserable person who has nothing better to do than look for things to be angry and create drama about.

PNV

(logged-in user) June 15, 2011, 10:54am (report abuse)

Poor Peter. You know Petey, it's too bad you got your "degree" from one of those television "universities" instead of from a real school.

But then that's the way you slackers do things, isn't it? Try to take the easy way out and then whine and cry when it doesn't work.

Talk about a miserable person with nothing better to do. That sure sounds like you Petey. You and Cordy must be brothers or maybe butt buddies.

Saveyourcomments

June 15, 2011, 3:57pm (report abuse)

I have a bachelors and masters degree. I have a career in what I went to school (Information Systems & Business Management). I also I own a small business with partners. I don't make enough money to pay my student loans. Reasoning? My mortgage rate is 4.25% and my private student are 4.50%, 16.9%, 20.2%, 6.5%, and 18.6%. If private loans would have rates like a fixed mortgage instead of adjustable at a decent rate things would probably be okay. Instead my mortgage payment of $850 at $135,000 and my student loans bill of $85,000 total payments around $1000. There is a problem. Credit card companies do the same thing by changing the rates whenever they want, and many young people like myself at the time were steered towards private loans(SALLIE MAE) by their colleges. I am not a loser I have a credit score of 780, have never filed bankruptcy in my life. I am currently doing a paid forbearance on Sallie Mae. It ends in Dec and then I am screwed.

Any Idiot

June 15, 2011, 5:05pm (report abuse)

who would sign up for student loans at 16.9%, 20.2% and 18.6% deserves to go under.

vimm0128

(logged-in user) June 16, 2011, 10:16am (report abuse)

I have never responded to a forum on here. I am a 32 year old woman with 2 kids. I work and try to maintain my household the best possible way I can. Im not unlike/worse off than most students and/or Americans who are in debt with student loans. I ask that rather than be attacked for my choices regarding loans that people be more understanding of the frustration regarding repayment. I am on an income-contingent repayment program for federal loans. Bankruptsy on private student loans is one option, sure. BUT if private student loans are to have the same anti-bankrupt laws that federal loans do then I feel they should offer the same types of repayment options which they do not (at least my lenders). It's not about who has the "better" degree and the "better" income it's about willingness to be responsible which I 100% am, it is MY debt afterall. Establish options for private student loan lenders that mimick those of federal loans.

@vimm0128

June 16, 2011, 10:32am (report abuse)

Here's the deal -

You signed up for the debt.

You owe the money.

PAY YOUR DEBT!

vimm0128

(logged-in user) June 16, 2011, 11:12am (report abuse)

I suggest learning to thoroughly READ a response PRIOR to commenting on it. I'll put it in all caps so you can see it a little better:

"IT'S ABOUT WILLINGNESS TO BE RESPONSIBLE WHICH I 100% AM, IT IS MY DEBT AFTERALL. ESTABLISH OPTIONS FOR PRIVATE STUDENT LOAN LENDERS THAT MIMICK THOSE OF FEDERAL STUDENT LOANS".

Now please show me from my post where I said "I don't want to pay my debt" you can't because I NEVER stated that. My argument is if private student loans have the same LAWS as Federal student loans then they should be required to provide the same REPAYMENT OPTIONS as federal student loans.

So those like "@vimm0128" if you are unable to READ and COMPREHEND EVERY DETAIL, keep your mouth shut. Large income and fancy titles are not an automatic determination that you are a more intelligent and/or better person than those without hundreds of thousands of dollars in disposable income.

@vimm0128

June 16, 2011, 2:11pm (report abuse)

You are here whining about wanting ways out. That is as clear as it can be.

If you couldn't figure out that you were getting in over your head you certainly were not qualified for higher education.

Looks like just another of those who wants a way to shirk their responsibilities.

And if you don't like what I say, I don't care. As far as I am concerned you can pack it up your @ss.

vimm0128

(logged-in user) June 16, 2011, 2:58pm (report abuse)

LOL Ah, I get it now. You are one of those people who has likely never had to pay a bill, be responsible for anything or anyone and just likes to sit on your high, probably paid for by someone else, horse and look down at the rest of us thinking your ignorant rantings are gospel. I love how the uneducated idiots of the world always have something to say but never once have a basis for their arguments. I pay my bills moron. Learn to read, it will assist you in actually making a somewhat worthy contribution to society.

R.K.

June 16, 2011, 11:48pm (report abuse)

This bill is just another way for losers to avoid taking care of their responsibilities.

VOTE NO!

Saveyourcomments

June 17, 2011, 11:41am (report abuse)

@Any Idiot

A 18year old student who signed a document that stated their rate was at 5%, but it was adjustable rate. Who reviewed their loan documents with their college adviser and family for support on what they were signing. Sallie Mae can adjust the rate to whatever they want which is why there needs to be a reform, just like a credit card. Which is why I said save your comments because you're an idiot who does not ask proper questions instead your brain can only be used to insult people.

Castyourfist

June 17, 2011, 11:47am (report abuse)

@vimm0128

Don't worry about these comments, these people are probably out of work, using the system in section 8, and looking up words in Google to spell them correctly. Better yet I bet they have filed bankruptcy themselves on credit cards. Millions of young students were taken advantage of just like the homeowners - hence market crash. College should be paid for how it use to be in the 50's, you either have the money or you don't. Things are too easy to buy now, all banks care about is getting their government kickback on a loan that they know will fail, but they have security from the government that they will get their money in the end.

This PRIVATE LOAN BANKRUPTCY DOES NOT AFFECT YOU. It affects the company. If you close your credit card it hurts who? Your neighbor? WRONG it hurts the COMPANY that gave you the credit card.

Tippen

June 17, 2011, 1:19pm (report abuse)

The banks will be "bailed-out" just like they were before when they over-spent and crashed the housing market. It's funny how the regular American citizen is REQUIRED to work, pay taxes, pay their bills, contribute to economic growth by making small to large investments, etc. Not ONE adult in America can say that they have never owed a dime to a bank because EVERYTHING in this country is done through banks. Everything. Yet banks continue to make the same mistakes repeatably, show irresponsible lending and make awful financial decisions and yet recieve full compensation from the American government who is paying them from OUR taxes.

People are angry that there is a possibility many students could bankrupt about $1 trillion in private student loan debt yet our own government has hit it's $14.3 TRILLION debt ceiling. They can't figure out how to pay their bills so they take money from us and yet expect us to support this economy...Why would ANYONE vote no on this?

***

June 17, 2011, 6:53pm (report abuse)

Why would ANYONE vote yes on this?

Sir

June 17, 2011, 6:57pm (report abuse)

I am a chemical engineer making the Masters, fortunately I could find a job after one year. recently I'm starting to pay off my student loans. Private student loans do not have the same protections as does the federal loans, prior to 2005 private student loans could be taken to bankruptcy but after 2005 by an amendment signed by President Bush made it virtually impossible to declare bankruptcy, these loans are insured by the government, which every investment that takes the bank should consider the risks, the reform of 2005 eliminated these risk these being insured by the federal government, is like going to the casino and never lose, this shows a big failure in the education system. each investment made by the bank. the government bailout the banks but can not do with the people who really need it?

Sir

June 17, 2011, 7:00pm (report abuse)

The failure to get jobs is not that students are lazy, is that because large CORPORATE prefer to go to other countries and thus to hire professionals with better education at a low cost. This results in low employment, while professionals are experienced in their areas are dismissed and desperation to meet their obligations to repay their loans. These unemployed professionals decide to take any position on any pay, reducing the opportunity for recent graduates to gain employment in which to meet their financial obligations. People who say that students are ignorant or lazy are people are people who work for these institutions. Hekp the people not the banks, help the people the ones that makes this beautiful country and not the banks that only see profits, they lend people theses predator loans so when they default, they loan even when they know that they can't pay back these loans, theyget more profit out of defaults lans.

Sir

June 17, 2011, 7:02pm (report abuse)

I Vote Yes!! Respect the opinions of everybody.

***

June 18, 2011, 12:54am (report abuse)

Why would ANYONE vote yes on this?

Sir

June 19, 2011, 1:19pm (report abuse)

To *** I have just told why

***

June 19, 2011, 3:55pm (report abuse)

Why would ANYONE vote yes on this?

ToTheI IgnorantPeople

June 20, 2011, 12:26pm (report abuse)

To those who can't fathom why this needs to be done, do some research and see how students were taken advantage of before you spew asinine comments from your @$$ which is in no doubt your face. If the people who come here to read about this bill and want to hear an asshole talk I'm quit sure they will just fart and be on their merry way.. With that said, do your research and see how these LENDERS are using predatory lending practices and you'll see for yourself that people were purposefully misinformed into taking these loans. @Josh Taylor and the other idiots who posted against this bill: It wasn't only the "TV" advertised colleges that used these lending practices but well known colleges and Universities. So get your facts straight before you spew your thoughtless and quit frankly ignorant comments out of your mouth. I work for a fortune 500 company with my "Fake" degree in Computer Animation.. You sir are probably flipping burgers at the nearest mom pop corner stand.

Does It Matter

June 20, 2011, 12:42pm (report abuse)

The people who say this should not be done are the ones who have had the means to get their education because of their parents, scholarships, etc and I applaud you. For some this is not an option and for some, were the first to ever to go to college in their family. What these people don't understand is that most of us ARE paying our loans, at what most would pay for on a 500K house. I pay 1100 a month of interest only payments. I was told that if I took out these loans that I would pay no more than 400 to 500 a month on a fixed interest rate. Most of us were lied to by predatory lenders and the ones who can't seem to see that are just ignorant. Do some research and you will see. Why should people suffer so much when all we tried to do was to better ourselves by getting a higher education. It's insane that pursuing the "Pursuit of Happiness" has come to this.. An America where the middle class suffer, the rich stay rich and the poor get poorer.. It's a sad day to be American :(.

We were Told A LIE

June 20, 2011, 12:53pm (report abuse)

@"who would sign up for student loans at 16.9%, 20.2% and 18.6% deserves to go under." For myself, my Private student loans started at a 3.75% FIXED interest rate. In 2005 a bill was passed that allowed these lenders to not uphold to our original contract THUS raising the interest rate to what ever they wanted. I have 4 loans through Sallie Mae, the smallest started out just like the rest but it's at 8.9% now and the largest is pushing almost 20%.. Do you really think people would take a loan out with that high of an interest. I sure wouldn't have. I've shown my uncle, who is a state rep for South Carolina and he is helping to push this bill cause he knows how lenders used predatory practices to lure people into taking loans they can't pay back. We can thank former pres Bush for his lack of know how to run a country and pushing us further down the debt hole. To the rest of you @$$holes who feel this shouldn't pass. PHUCK OFF!!

@Does It Matter

June 20, 2011, 10:42pm (report abuse)

"The people who say this should not be done are the ones who have had the means to get their education because of their parents, scholarships, etc and I applaud you."

Not true in my case. I ended up with just over $60,000 in student loans. It took me 10 years to pay them off but I paid every single dime myself. And took care of my family at the same time.

I am AGAINST this type of bailout. If I can take care of my debts so can anyone else. It takes a person willing to do what is right. Not someone who just wants to bail out on their responsibilities.

Josh Taylor

June 21, 2011, 12:31am (report abuse)

NO STUDENT LOAN BANKRUPTCY FAIRNESS

IF A STUDENT CAN'T PAY BACK TO THEIR BANKS FOR COLLEGE, THEY CAN GO TO JAIL.

THIS BILL WILL MAKE STUDENTS STEAL MORE MONEY FROM THEIR PARENTS AND THE TAXPAYERS POCKETS ALONG WITH BANK LOANS>

AGAIN STUDENTS, DON'T PAY BACK THE BANK LOANS SAY GOODBYE TO YOUR HOUSE AND YOU CAN LIVE THE REST OF YOUR LIFE IN JAIL. BANK LOAN JUVENILE DELINQUENTS DESERVE TO SUFFER.

"Thou Shall Not Steal"

VOTE NO

Josh Taylor

June 22, 2011, 2:16am (report abuse)

Hey *** or should I say, Andy.

This is a bill we can disagree to.

It always WHINE WHINE WHINE and GIMME GIMME GIMME from our disobedient brats.

Uh, students. There is something you can do to pay for college.

IT'S CALLED A JOB. GET ONE AND STOP STEALING MONEY AND ASKING FOR LOANS FROM OUR BANKS or else YOU CAN ALL GO TO JAIL TO BE RAPED BY PEDOPHILES.

"Thou shall not Steal"

VOTE NO.

@ Josh Taylor

June 22, 2011, 11:36am (report abuse)

If you are going to quote the bible (ten commandments) perhaps you should have a much more thorough understanding of it's meaning.

You are screaming at us "Thou shall not Steal", from what I can see supporters of this bill are the ones being robbed. Student loan borrowers didn't "steal" anything, trillion dollar lenders stealing every possible cent out of ordinary college graduates are.

PS. Mr Josh, as for your bible qoutes try:

“Judge not, that you be not judged. For with the judgment you pronounce you will be judged, and with the measure you use it will be measured to you. Why do you see the speck that is in your brother's eye, but do not notice the log that is in your own eye? Or how can you say to your brother, ‘Let me take the speck out of your eye,’ when there is the log in your own eye? You hypocrite, first take the log out of your own eye, and then you will see clearly to take the speck out of your brother's eye." Matthew 7:1-5

aggravated

June 22, 2011, 1:36pm (report abuse)

this is ridiculous..."get a job" as if you can just snap your fingers and get one overnight. Which may be true if you want to work for minimum wage, but min wage won't pay for $1,000/month in student loans and maintain any sort of decent standard of living. More and more companies are checking credit on applicants, so I have bad credit because I cannot afford my student loans, but I cannot get a good job to pay my student loans because I have bad credit and private student loan companies do little to nothing to work with students/grads. Not to mention almost every other person in the country is protected by the bankrupcy code, but students cannot have a safety net? Shows you the power of lobbying in washington, its disgusting. You want people to stop getting degrees in "basket weaving"? Hold private student loan companies accountable for preditory lending and see the decline in degrees in low paying sectors. If you had any common sense you would know basic economics......

***

June 22, 2011, 2:28pm (report abuse)

You all have to remember that Josh Taylor is just a 12 year old boy who hides in his mommy's basement playing with his blowup doll. Can't expect much from someone like that.

Poor "aggravated"

June 22, 2011, 6:16pm (report abuse)

You signed the loan papers. You knew what you were getting into. And you now owe the money.

You sound just like so many others in your generation -

"It's not my fault!"

"It's not my responsibliity!"

"It's not fair!"

VOTE NO!

Backed into a Corner

June 23, 2011, 5:21pm (report abuse)

All of these ignorant comments are making me sick. You people have no idea what you’re preaching about. Until you’ve been there, you’ll never truly comprehend the damage these private student loans have caused. I understand where you’re coming from though. If a person can provide a means to repay loans, they should be held accountable. But this is not the case for some. My husband, along with 1,200 other students, was not so lucky. Most of the students took out private student loans ($69,000) provided through the FAA accredited helicopter school. In 2008, the school filed bankruptcy. They took all the money upfront before the entire training was complete. You can’t work as a pilot with only half the certifications. Lawyers, AG’s & the FB are involved but nothing has been rectified. He’s making $12 an hour doing HVAC. Clearly not enough to pay the $1,000 for something he never received. We have run out of options. THIS is just one of many reasons why students need government protection.

Josh Taylor

June 23, 2011, 6:13pm (report abuse)

NO STUDENT LOAN BANKRUPTCY FAIRNESS

IF A STUDENT CAN'T PAY BACK TO THEIR BANKS FOR COLLEGE, THEY CAN GO TO JAIL.

THIS BILL WILL MAKE STUDENTS STEAL MORE MONEY FROM THEIR PARENTS AND THE TAXPAYERS POCKETS ALONG WITH BANK LOANS>

AGAIN STUDENTS, DON'T PAY BACK THE BANK LOANS SAY GOODBYE TO YOUR HOUSE AND YOU CAN LIVE THE REST OF YOUR LIFE IN JAIL. BANK LOAN JUVENILE DELINQUENTS DESERVE TO SUFFER.

"Thou Shall Not Steal"

VOTE NO

AVW

June 24, 2011, 7:45am (report abuse)

I imagine that most of the commenters in opposition to this bill are uneducated. I don't understand why the hostility against student loan bankruptcy legislation. While we are at it let's do away with all forms of bankruptcy, credit cards and stuff that affects the uneducated population also. You people don't even realize that bankruptcy is the solution to making lenders behave responsibly, otherwise they can do whatever they want with repect to borrowers. Filing bankruptcy isn't stealing, in fact the creditors at least get something in a bankruptcy. Furthermore you don't go to jail for simply not paying, this isn't a criminal fine. If you don't have any money they vant collect anyways. Its the uneducated and the ignorant that are ruining this country, let's help people who are trying to make this country better. Do away with bankruptcy for credit cards and allow it for student loans.

Josh Taylor

June 24, 2011, 2:06pm (report abuse)

NO STUDENT LOAN BANKRUPTCY FAIRNESS

IF A STUDENT CAN'T PAY BACK TO THEIR BANKS FOR COLLEGE, THEY CAN GO TO JAIL.

THIS BILL WILL MAKE STUDENTS STEAL MORE MONEY FROM THEIR PARENTS AND THE TAXPAYERS POCKETS ALONG WITH BANK LOANS>

AGAIN STUDENTS, DON'T PAY BACK THE BANK LOANS SAY GOODBYE TO YOUR HOUSE AND YOU CAN LIVE THE REST OF YOUR LIFE IN JAIL. BANK LOAN JUVENILE DELINQUENTS DESERVE TO SUFFER.

"Thou Shall Not Steal"

VOTE NO

CW

June 24, 2011, 3:07pm (report abuse)

Josh Taylor, go suck one. Until you know what it's like to work two jobs to pay off a 40K loan at 20% interest and still not have food to eat, go fuck yourself. I'm 23 years old and I am stuck in this debt for the rest of my life - it's not that I don't want to pay it back, it's that I want to pay it back at a reasonable rate. This bill would change many lives for the better, not let us get off for free. Please educate your idiotic ass on issues before voting on them. This is why America is falling apart - because Americans are too stupid to know what to vote for, or why.

Sir

June 24, 2011, 3:38pm (report abuse)

Every loans the banks made have a risk on it, When the banks loan money to student its a bet they make, a bet which they can win or lose, of course the risk is that the student default on their payments. Current law makes this a win win scenario to the banks, they are no risk since this loans are secured by the federal goverment. To the banks its like going to Vega and win everytime even if they lose they will win even more because there is a default prime to the leader in which their profits rises when the student defaults. Banks lend people eventhogh when they know the student can't make their payments. Why? They make lots and lots of money. If we are in arecesion its not the people faults, but you already know who's fault is it.

webmaster

(logged-in user) June 24, 2011, 3:50pm (report abuse)

You can make annoying comments disappear. Create an account, log in, and click the "hide this commenter" link that appears next to every comment.

Read more here:

http://tinyurl.com/TurnYourBack

Sir

June 24, 2011, 3:50pm (report abuse)

I vote yes! Give the people (students) some relief! Give them the opportunity to pursuit happiness.

@Poor "aggravated", you're such a douch and a MORON

June 24, 2011, 5:52pm (report abuse)

Yes, we signed the loans AT A FIXED PHUCKING RATE YOU PIECE OF SH*T MORON!!!!!! IF you people would do the damn research you would see that ALL of the Private loans went from FIXED interest rates to VARIABLE. And this happened two months AFTER I graduated!!!! This means fluxuating rates(rising) or to dumb it down even further for you, they CHANGED the ORIGINAL contract of what we signed and they have been changing every SIX MONTHS!! SO tell me this. When you signed on the dotted line for your mortgage you read everything right? You're damn sure you're set with the interest rate you have and you're SURE it won't rise? OK, cool.Hey guess what, our government JUUST passed a new bill and it says your mortgage rate, BY LAW, will now increase double, even TRIPLE in three years time AND on top of that, if you try to file for bankruptcy it WON"T HELP YOU AT ALL, BEWHAHAHAHHA. That's what happened to us. If I myself would have knows what they had in store I would have NOT signed!!! PHUCOFF

@Does It Matter June 20, 2011, 10:42pm (report abuse) "The people who

June 24, 2011, 6:01pm (report abuse)

Yeah, and you probably had to pay back your loans BEFORE the 2005 act that wonderful President BUSH passed. I would love to see you pay 1200 a month, which I AM doing thank you very much :), along with my house payment of 980, utilities, food, gas. I have job, probably better than most of you ignorant @$$ people. I would much rather see restrictions of how much these predatory lenders can take than a bankruptcy act any day. I've paid OVER 42,345.54 in the past 5 years and I'm still paying. So shove that one up your @SS. You people make me sick. It's people like you who run this country farther and farther into the ground. I hope this bill does pass cause I've paid back the money I borrowed PLUS more and they tell me I still owe 89K. PHUCK OFF!!!!

Some facts

June 24, 2011, 6:17pm (report abuse)

http://higheredwatch.newamerica.net/taxonomy/term/1707

Just some facts on how Sallie Mae is raping our recent graduates of BILLIONS of dollars a year. I hope you people who are against this have children who plan to go to college. I HOPE AND PRAY they go through the living HELL we are going through so YOU IDIOTS can get a taste of what 100's of thousands of us are going through right now. By the time they graduate our measly little 1200 a month interest only payments will be nothing compared to what the future generation will have to pay. Then you'll see what it's like to be treated the way we've been treated. I could care less if you people die today.. Better yet, go find the nearest bridge and jump off so our country will have a few less idiots running around the world.

Josh Taylor

June 24, 2011, 9:38pm (report abuse)

NO STUDENT LOAN BANKRUPTCY FAIRNESS

IF A STUDENT CAN'T PAY BACK TO THEIR BANKS FOR COLLEGE, THEY CAN GO TO JAIL.

THIS BILL WILL MAKE STUDENTS STEAL MORE MONEY FROM THEIR PARENTS AND THE TAXPAYERS POCKETS ALONG WITH BANK LOANS>

AGAIN STUDENTS, DON'T PAY BACK THE BANK LOANS SAY GOODBYE TO YOUR HOUSE AND YOU CAN LIVE THE REST OF YOUR LIFE IN JAIL. BANK LOAN JUVENILE DELINQUENTS DESERVE TO SUFFER.

"Thou Shall Not Steal"

VOTE NO

***

June 24, 2011, 10:00pm (report abuse)

There's always some reason you losers think you shouldn't have to stand up for your responsibilities.

"It's not my fault!"

"It's not my responsibliity!"

"It's not fair!"

You signed the loan papers. You knew what you were getting into. And you now owe the money.

VOTE NO!

Sir

June 24, 2011, 10:35pm (report abuse)

@ opposing thinkees. Then by your logic every person who files for bankruptcy because they have defaulted on their loans on a house, boat, jat, credit card should go to debtor jail? All of those millions of people who have defaulted on payments for economic reason, maybe they lost their job on buget cuts should go to jail? Wow that would be millions of people going to jail. Answer this question on a logical basis. Private student loans are no different than any other loan or credit based debt. I vote Yes on this bill

Yes on Hr 2028

June 25, 2011, 2:44am (report abuse)

We like josh's youthful inexperience but save your charm for a hannity show. This bill is for once a bill for the people, not the bankers and their lobbying interests. It has to pass.

Josh Taylor

June 25, 2011, 7:51am (report abuse)

NO STUDENT LOAN BANKRUPTCY FAIRNESS

IF A STUDENT CAN'T PAY BACK TO THEIR BANKS FOR COLLEGE, THEY CAN GO TO JAIL.

THIS BILL WILL MAKE STUDENTS STEAL MORE MONEY FROM THEIR PARENTS AND THE TAXPAYERS POCKETS ALONG WITH BANK LOANS>

AGAIN STUDENTS, DON'T PAY BACK THE BANK LOANS SAY GOODBYE TO YOUR HOUSE AND YOU CAN LIVE THE REST OF YOUR LIFE IN JAIL. BANK LOAN JUVENILE DELINQUENTS DESERVE TO SUFFER.

"Thou Shall Not Steal"

VOTE NO

Josh Taylor

June 25, 2011, 11:17am (report abuse)

I SAY AGAIN LAZY STUDENTS, THERE IS NO REASON AT ALL FOR STEALING MONEY FROM THE THE BANKERS. STEAL FROM THEM, GO TO JAIL.

"Thou Shall Not Steal"

VOTE NO

Unrestricted Education

June 25, 2011, 11:37am (report abuse)

There should be NO barriers to improving the education of a person or a people. But if the financial restrictions remain, they should follow the same profit/risk as any other financial transaction or obligation. It makes no sense that these loans and lenders enjoy special protection that other loans do not. THIS BILL HAS TO PASS

***

June 25, 2011, 11:48pm (report abuse)

THIS BILL MUST NOT PASS!

VOTE NO!

Sir

June 26, 2011, 10:17am (report abuse)

This Bill must pass.

http://www.washingtonwatch.com/bills/show/112_SN_1102.html#commentform

Here is another Bill: S. 1102, The Fairness for Struggling Students Act of 2011

Vote and comment on this page.

We will see josh saying the samething, I don't believe he is a little boy but some lobbyist or someone who has something to gain for he is way to inform about these reform than other people, even tough I found it very dificult finding these by my self. He is not smart, do not get mad.

I VOTE YES ON THIS BILL

Sir

June 26, 2011, 11:20am (report abuse)

http://www.washingtonwatch.com/bills/show/112_SN_1102.html

VOTE YES

R. K.

June 26, 2011, 4:13pm (report abuse)

You signed up for the debt.

You owe the money.

PAY YOUR DEBT!

Sir

June 26, 2011, 7:33pm (report abuse)

R.K do you say the samething to everyone who files for bankruptcy protection? Everyone wants to pay their debts because its a responsability, but when a person doesnt have a job or income its imposible, just like credit card debt, mortgage and even banks or rich people when they lose everything, could you say the samething to Leahman in 2008 that he doesnt deserve and be prohibited to bankruptcy protection? The job market is almost dead exept working at a burguer king, which many people with doctorates do because of the necesity can meet their financial obligations working their, can you blame the professional for not finding work when coorporates prefer to go to other countries to hire doctor fow very cheap wages? Lets think the situation that the graduates of the United States are in. I vote Yes. Give relief to the people. Restore bankruptcy protections to the private student loan as it was before 2005. VOTE YES

R. K.

June 26, 2011, 11:55pm (report abuse)

I don't beloeve in bankruptcy for anyone.

You signed up for the debt.

You owe the money.

PAY YOUR DEBT!

Sir

June 27, 2011, 3:00pm (report abuse)

Interesting answer, what happens if they cant pay only and only if they dont have a job or the current job he or she has at mcdonald where he or she earns 1009.2$ a month and cant make the 1000$/ month that its required? What would you suggest?

I Vote Yes

Joshie

June 27, 2011, 11:14pm (report abuse)

Throw their worthless asses in jail. Bring back the debtor prisons. Make them work on the chaing gang cleaning up the roadside to pay off their debts.

Luna

June 28, 2011, 11:57am (report abuse)

Voted For: This isn't just about Student Debt. It's about a government that choses to send billions to Greece or any country that needs assistance to stimulate THEIR economy. It's about the billions in bail out money to the banks and the failed mortgage debacule. The money comes from somewhere and it comes from you and me. Why can't WE the people get a return on our investment and insist the government help its citizens this time. OUR economy needs stimulating. OUR citizens need some help. I vote Republican and I am not a "bleeding heart liberal" but in my family, I take care of US first before I give to charity. The government should run the same way. Forgive Student Debt and watch the housing market flourish and consumer goods spending increase -all good for OUR economy. For those who think "the deadbeats should pay their debts"--how's your business going? Wouldn't it be nice if there were more consumers buying your goods so that you could enjoy a better quality of life?

WilliamEsq

June 28, 2011, 2:01pm (report abuse)

The banks can take the write-offs on the loans and everyone can win.

kal-El

June 28, 2011, 2:27pm (report abuse)

People. All those her advocating for the return of debtor prison are just people that are paid by the banks to browse these sites and comment against the need for the restoration of Bankruptcy protection. People want to pay their loans but also able to live their lives. How can a person irresponsibly rack up over $200,000 in credit card or gambling debt can file bankruptcy and walk away and start fresh. But a person going to school to better themselves falls under hard times and can't pay their loans is told a big F-U by the government you have to pay. That is not fair. Folks for the bill. Don't listen to this fear mongering idiots that are clearly either work for the banks or have some vested interest with them. Besides. The bubble is bursting soon and America is going to take a big hit just like the housing bubble. Vote yes for this bill to keep the lenders honest and fair. Because bankruptcy restored. They will want tow work with you or lose it all. Guaranteed.

alan collinge

June 28, 2011, 8:25pm (report abuse)

i see the lying, internet whores are out in full force again.

Hey Josh, Remember that movie, "Star Wars"?

...Remember that bloated warlore, Jabba the Hut?...

...Remember that snaky, slimy little creature that would crawl all over Jabba, wiping him down, cleaning his grotesgue appendages, even Jabba's disgusting belly button?

...That was a good film.

DDG

June 28, 2011, 10:25pm (report abuse)

NO DEBTORS PRISON TO MAKE BANK OWNERS WEALTHIER!!!

Josh Taylor

June 29, 2011, 8:33am (report abuse)

I SAY AGAIN LAZY STUDENTS, THERE IS NO REASON AT ALL FOR STEALING MONEY FROM THE THE BANKERS. STEAL FROM THEM, GO TO JAIL.

"Thou Shall Not Steal"

VOTE NO

Shawn

June 29, 2011, 11:35am (report abuse)

I believe Josh and RK are the same people. They can claim to vote no. They have no "real" valid argument for no other than accusation of stealing and use of bible verses. They are ignorant trolls. They obviously have no intelligence. In fact a spam bot has more intelligence than they do.

Notice how they cannot bring up a sound or logical economic reason why it should not go through? Notice how they cannot be reasoned with?

Even a congressman or a congressional aide can can see they are idiots. And yer I full expect a repeat of their crap again after this. WTFE Unless they have a real valid reason other than propaganda, bible quotes, or ignorant and childish babble. Their voice has no warrant.

There is a lot more support for than against!

Joshie Taylor

June 29, 2011, 8:00pm (report abuse)

Hey Shawn,

Nobody cares what you think.

And here's your repeat.

NO STUDENT LOAN BANKRUPTCY FAIRNESS

IF A STUDENT CAN'T PAY BACK TO THEIR BANKS FOR COLLEGE, THEY CAN GO TO JAIL.

THIS BILL WILL MAKE STUDENTS STEAL MORE MONEY FROM THEIR PARENTS AND THE TAXPAYERS POCKETS ALONG WITH BANK LOANS>

AGAIN STUDENTS, DON'T PAY BACK THE BANK LOANS SAY GOODBYE TO YOUR HOUSE AND YOU CAN LIVE THE REST OF YOUR LIFE IN JAIL. BANK LOAN JUVENILE DELINQUENTS DESERVE TO SUFFER.

"Thou Shall Not Steal"

VOTE NO

DDG

June 29, 2011, 9:21pm (report abuse)

"THOUGH SHALT NOT BE A JOSHIE IDIOT!"

R. K.

June 30, 2011, 8:49am (report abuse)

This bill is just another way for losers to avoid taking care of their responsibilities.

VOTE NO!

RoninMD

June 30, 2011, 6:20pm (report abuse)

In other countries, Education is free. However, in those countries they value people more than they value a central bank.

RoninMD

June 30, 2011, 6:22pm (report abuse)

Vote YES... bankruptcy isn't an easy thing... but necessary when you need a fresh start. Otherwise what you have here is government sponsored usury and debt slavery.

RoninMD

June 30, 2011, 6:28pm (report abuse)

Inflation is how bankers steal from people who save by making their money worth less. This is going on right now as we speak. If bankers can steal from the taxpayer and not go to jail then why not return bankruptcy protection to student loans which are really consumer loans and are in the same class of debt as credit card debt. Vote yes!

RoninMD

June 30, 2011, 6:36pm (report abuse)

What idiot would vote "no" on this?

Shawn

June 30, 2011, 6:50pm (report abuse)

Hey Josh! *yawn* You contradicted yourself and your opinion is singular. So suck it choad face! :P

TODAYS NEWS: CONGRESS PASSES THE PRIVATE STUDENT LOAN BANKRUPTCY BILL

June 30, 2011, 11:19pm (report abuse)

I find it brilliantly dumb thinking for anyone to dare say that private loans should not be allowed to charge off in bankruptcy.. It' shows how far the American people have come along. So what about people who get max out credit cards, or people who take on a mortgage they can't afford? And let's not talk about the people who have gambling problems.. If Private Loans were once given bankruptcy status before 2005 and now we are in post recession hell in 2011.. The bill should be reversed, there should be no argument about this. VOTE YES TO REFORM PRIVATE STUDENT LOANS ONCE AND FOR ALL!!!! THERE ARE PEOPLE WHO HAVE BEEN CRIPPLED BECAUSE OF THIS ECONOMY.. VOTE YES TO FIX THIS MESS BUSH CREATED!!! DO THE RIGHT THING AND VOTE YES!!!

Page 1 of 4: « First/Oldest | ‹ Previous | Next › | Last/Newest »

RSS Feeds for This Bill

Keep yourself updated on user contributions and debates about this bill! (Learn more about RSS.)