WhiteHouse.gov Student Loan Petition

[heek]

The number of signatures NEEDED has already been passed up 3 times over, but please take a moment, sign up for an account if you haven't already, and add your signature to this petition that was created to the White House to eliminate current student loan debts.

To quote directly from the petition:

Forgiving student loan debt would provide an immediate jolt to the economy by putting hundreds and, in some cases, thousands of extra dollars into the hands of people who WILL spend it - not just once, but each and every month thereafter - freeing them up to invest, buy homes, start businesses and families. This past year, total student loan debt finally surpassed total credit card debt in America, and is on track to exceed $1 TRILLION within the next year. Student loans themselves are responsible for tuition rates that have soared by 439% since 1982 and for saddling entire generations of educated Americans with intractable levels of student loan debt from which there is, seemingly, no escape. Relieve them of this burden and the middle class WILL rebuild this economy from the bottom-up!

Here is the shortlink provided by the WhiteHouse.gov page: http://wh.gov/gpx

14,654 Signatures as of 6:40pm Sep 27, 2011

[Harmon]

More broke people looking for handouts. Pay your bills.

My guess is that your mailbox is filled from collectors trying to get a few bucks from you because you are a deadbeat.

[Wizzo]

Interesting idea for sure.

[L-Pink]

Fuck That! Pay up dead beat.

Student loans are a debt willing taken on to further someones earning potential. Not to mention the abuse that occurs with personal expenses being paid with "educational" loans.

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[Sly]

If we are eliminating debts/expenses in order to jolt the economy, I can think of many many many ways to do so. I've seen a lot of people slave for years to pay off their loans... I just can't get behind giving everyone left over a clean slate.

Another bailout. Wahoo. Just what we need, more poisoning of our brains.

[heek]

More broke people looking for handouts. Pay your bills.

My guess is that your mailbox is filled from collectors trying to get a few bucks from you because you are a deadbeat.

You're cool

+10 cool points

[L-Pink]

I want to open a Mercedes Benz dealership can I get free money for that too?

The construction phase will jolt the local economy so will the employees I hire.

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[AzteK]

This is actually a really good idea as long as the people with the student loans are actively working and paying taxes. Remember these are people unlike most of you, that have made the effort to get a college education and are using their education to better the country. This petition makes sense to close the gap for middle class families that couldn't afford sending their children to college.

[Sly]

Fuck That! Pay up dead beat.

Student loans are a debt willing taken on to further someones earning potential. Not to mention the abuse that occurs with personal expenses being paid with "educational" loans.

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This is true. My brother did this. Took out tons of money for school, then didn't even pay for the school with the money and is now defaulting on both. I hardly see how this would be good for our country.

[PornMD]

Fuck, if that's supposedly a valid idea, why not forgive credit card debt then if that amount is less?

[Harmon]

Fuck, if that's supposedly a valid idea, why not forgive credit card debt then if that amount is less?

Right? Clean everybody's credit rating and let everybody go spending again. It should stimulate the economy for the better...

[Sly]

Fuck, if that's supposedly a valid idea, why not forgive credit card debt then if that amount is less?

Imagine how much money would be injected into the economy if there was a 24 month mortgage holiday.

[Harmon]

Imagine how much money would be injected into the economy if there was a 24 month mortgage holiday.

Inflated bullshit money, because after a 24 month mortgage holiday... dumb motherfuckers would be so untrained to ay their mortgage that it would repeat itself.

[L-Pink]

This is true. My brother did this. Took out tons of money for school, then didn't even pay for the school with the money and is now defaulting on both. I hardly see how this would be good for our country.

Exactly, I know a girl that defaulted on 2 student loans. The first was her and her ex-husband using the money for a house down payment. The second was for a used car.

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[TheDoc]

Forgiving it? No way... I can't see that happening even if they had 300 million signatures and it shouldn't happen.

Depending on the conditions, I would support a deferment, which you can get for various reasons already.

Credit wise, school loans do little to nothing to help your credit, however they can burn your credit. As well, they factor into a home loan as total money going out vs. income. Overall, credit wise, they're about the lowest on the scale as you can get.