The red headed debt collector with the "catfish" mouth? That's my stereotype of a bottomfeeding debt collector. Great video....
John Aravosis
· 1 year ago
See, I knew you'd get it :-) I'm not for people not paying their loans, but only a goof would think that that's the point of the video.
BuddyNovinski
· 1 year ago
How about being unable to pay? In 1984, I earned (not bought like Schrub) an MBA from Penn State. I was "overqualified" for every conceivable job, except welfare -- for nearly two years. Then I had a series of underemployment, just getting by until I ran into the debt head on. I proved in federal court, before a Reagan appointee, that Reaganomics sucks! I still am underemployed with the same company nearly 14 years -- it took ten years -- long after the discharge -- just to find a permanent fulltime job. I told "Payco" that they were getting nothing, and that's just what they received. PHEAA was vicious, but they soon settled for the plan. Even though I returned to Penn State with a graduate teaching assistantship -- which provoked the Chapter 13 -- it lasted only a year, campus recruiting flopped, and I left before I ended up on the street. The bottom line: going into debt for student loans is a risk that usually pays off. If it does not, then bankruptcy is the remedy for a lack of payoff.
jr
· 1 year ago
"a lot of women have swallowed my son's babies"-Charlie Crist's dad "no they haven't"-Johnny Smith from the Dead Zone
Bush_Bites
· 1 year ago
"Debtor's prison."
There's something the Repubs haven't thought of yet.
usagi
· 1 year ago
So, this guy is bragging about not being responsible for the debts he incurred willingly because there's no "serious" penalty (assuming you think garnishment and the zeroing out of your credit rating aren't serious), and the viewer is supposed to think he's 1) cool or 2) admirable?
No, he's an irresponsible punk-ass jerk who's fucking up the system for the students coming after him.
What's your point, John?
mirth
· 1 year ago
I'm going out on a limb to say I'm pretty sure that no matter how many times it is explained to you or how clear the explanations, you would never get the point of a country securing it's future by caring for its young.
usagi
· 1 year ago
What does that have to do with the video?
You think federal gift aid for education should be increased? Join the club. Financial aid officers have been crying about that for decades. You think the Pell grant need cutoff should be raised and the grant amount increased? Right there with you--man the barricades! See any room on the docket in Congress between renaming post offices, capitulating on FISA, and spending more in Iraq in a month than the Pell program sees in a year to discuss it? You think tuition is too high? Yep, sure is. So's flour and milk. Think requiring a bachelor's degree for every entry level position in any company is dumb? Don't. Get. Me. Started. Credential inflation has run completely amok (starting with the abject and utterly predictable failure of NCLB to achieve any positive impact on education at the K-12 level).
The clear explanation I'd like is how refusing to take responsibility for education debt is different from failing to take responsibility for mortgage debt, a theme John's visited in more than one post, and what either has to do with "caring for the young." The punk-ass borrowed money in order to get an education, presumably received it, and is now refusing to pay the loan. And, if the loan has entered collections, ignored six months of effort from the school and the holder of his loan to get him into a repayment plan he could handle.
Oh, and that timetable on all the collection efforts--that's not the schools or Mastercard. The collection rules are written by the feds. There's a procedure to be followed day by day from the first hour the payment is late or the owner of the loan cannot collect the guarantee. By the time the loan is this far in arrears, it's not the lender that's hounding him. They've been paid already. It's the Department of Education (or Treasury if it was a Direct Loan) trying, as mandated by Congress, to recover what they can.
All Comments
"no they haven't"-Johnny Smith from the Dead Zone
There's something the Repubs haven't thought of yet.
No, he's an irresponsible punk-ass jerk who's fucking up the system for the students coming after him.
What's your point, John?
You think federal gift aid for education should be increased? Join the club. Financial aid officers have been crying about that for decades. You think the Pell grant need cutoff should be raised and the grant amount increased? Right there with you--man the barricades! See any room on the docket in Congress between renaming post offices, capitulating on FISA, and spending more in Iraq in a month than the Pell program sees in a year to discuss it? You think tuition is too high? Yep, sure is. So's flour and milk. Think requiring a bachelor's degree for every entry level position in any company is dumb? Don't. Get. Me. Started. Credential inflation has run completely amok (starting with the abject and utterly predictable failure of NCLB to achieve any positive impact on education at the K-12 level).
The clear explanation I'd like is how refusing to take responsibility for education debt is different from failing to take responsibility for mortgage debt, a theme John's visited in more than one post, and what either has to do with "caring for the young." The punk-ass borrowed money in order to get an education, presumably received it, and is now refusing to pay the loan. And, if the loan has entered collections, ignored six months of effort from the school and the holder of his loan to get him into a repayment plan he could handle.
Oh, and that timetable on all the collection efforts--that's not the schools or Mastercard. The collection rules are written by the feds. There's a procedure to be followed day by day from the first hour the payment is late or the owner of the loan cannot collect the guarantee. By the time the loan is this far in arrears, it's not the lender that's hounding him. They've been paid already. It's the Department of Education (or Treasury if it was a Direct Loan) trying, as mandated by Congress, to recover what they can.