Comments on: Strike Debt to Help the 99% Through Debt Forgiveness

By: Money Infant

Money Infant — Fri, 16 Nov 2012 01:16:34 +0000

Based on the numbers Strike Debt is giving, it would have been far more useful for the government to buy all of this toxic consumer debt rather than the toxic bank assets. At least the people would spend their incomes, rather than hoarding it as the banks and financial institutions have been doing.

By: Money Infant

Money Infant — Fri, 16 Nov 2012 01:14:57 +0000

I went back to school in 2000 and I am still repaying the loans 12 years later. While I did use the degree for 10 years, I am no longer working in that field, but I will continue paying on the loans for another 5 years.

By: Money Infant

Money Infant — Fri, 16 Nov 2012 01:13:47 +0000

Sounds like you’re one of the lucky ones Melanie!

By: Money Infant

Money Infant — Fri, 16 Nov 2012 01:13:20 +0000

You are in a situation that many people find themselves in today and it is so frustrating, especially considering that it shouldn’t be necessary. Student loan debt is currently the most defaulted on type of debt, mainly because many people have gotten into situations where student debt repayment is their largest expense. University tuition just isn’t justifiable considering the stagnation of income in the U.S.

By: Money Infant

Money Infant — Fri, 16 Nov 2012 01:10:26 +0000

Thanks for sharing Amy, very kind of you!

By: Cari Lorine

Cari Lorine — Thu, 15 Nov 2012 18:57:12 +0000

It’s great that they can do this through donations. The government’s already spent so much money, that any more from them and I’d be close to my worry breaking point. Great post, Steve!

By: Stacy

Stacy — Thu, 15 Nov 2012 16:31:31 +0000

I saw your post on the Jubilee and was wondering what it was about. What a great idea. I am currently paying off student loans and it is cost me more than a car payment every single month. I really wish I didn’t have to hold that burden over my head. Yet I want to go back to school. I just don’t think it is feasible to add to the debt.

By: Melanie Chisnall

Melanie Chisnall — Thu, 15 Nov 2012 16:13:12 +0000

This sounds like a great idea! That’s one way to get more people to go to University. I never went (I did a few courses part time while I was working but never attended classes) because I didn’t want to spend years paying back a student loan. Great article!

By: Janine Huldie

Janine Huldie — Thu, 15 Nov 2012 15:46:06 +0000

Wow, between my husband and I we have amassed 3 student loans and are paying them off monthly for about $600 a month. I would truly love for someone to buy the loans off of us so we can get out from under that debt, because it has kept us from being able to buy a house, because we just can’t afford the monthly payments of a mortgage right now with only one income coming in and these student loans to pay. Thank you for sharing and hope that something like this could happen to us.

By: Amy

Amy — Thu, 15 Nov 2012 13:36:35 +0000

That is an amazing idea! Medical debt is such a huge problem for so many people. As if it isn’t bad enough struggling with your health, then you end up in debt for it.
Will share!