Comments on: Student Loans: Economic Slavery You Can’t Escape http://www.thelegalline.net/2009/05/13/student-loans-economic-slavery-you-cant-escape/ Sun, 22 Nov 2009 07:41:23 -0800 http://wordpress.org/?v=2.8 hourly 1 By: fd http://www.thelegalline.net/2009/05/13/student-loans-economic-slavery-you-cant-escape/comment-page-1/#comment-79 fd Mon, 18 May 2009 03:58:54 +0000 http://www.thelegalline.net/?p=797#comment-79 that was just really depressing... that was just really depressing…

]]> By: Maduck http://www.thelegalline.net/2009/05/13/student-loans-economic-slavery-you-cant-escape/comment-page-1/#comment-73 Maduck Wed, 13 May 2009 19:07:15 +0000 http://www.thelegalline.net/?p=797#comment-73 Ya good point, I guess my thinking was since all the banks are getting a windfall, why can't we get some? I see what you mean on the job creation, that is a good point that I missed in my post (to be honest I didn't even think of that). I guess if you take it for just lawyers (and we get a job) it will go by the wayside, but I was also thinking (even though this is a law site) that why not expand it to other graduates/undergrad loans (though that doesn't necessarily mean job creation). Though, playing devil's advocate (and this is probably a stretch), you could say that if they bailed out the student (all of them), we didn't have loan, we would start spending more, which would mean more job creation (more money in the economy). Of course as I type this, this sounds more and more like the rational behind the "wall st." bailouts. It definitely is a catch 22... Ya good point, I guess my thinking was since all the banks are getting a windfall, why can't we get some? I see what you mean on the job creation, that is a good point that I missed in my post (to be honest I didn't even think of that). I guess if you take it for just lawyers (and we get a job) it will go by the wayside, but I was also thinking (even though this is a law site) that why not expand it to other graduates/undergrad loans (though that doesn't necessarily mean job creation). Though, playing devil's advocate (and this is probably a stretch), you could say that if they bailed out the student (all of them), we didn't have loan, we would start spending more, which would mean more job creation (more money in the economy). Of course as I type this, this sounds more and more like the rational behind the “wall st.” bailouts. It definitely is a catch 22…

]]> By: JB [TLL] http://www.thelegalline.net/2009/05/13/student-loans-economic-slavery-you-cant-escape/comment-page-1/#comment-72 JB [TLL] Wed, 13 May 2009 17:33:14 +0000 http://www.thelegalline.net/?p=797#comment-72 I think the issue with that is even if we were bailed out, the issue of unemployment and lack of income for many recent graduates still exists. If I were to have my debt wiped clean right this moment, as happy as I would be, I still would need steady income to enjoy it. And let's face it, the minute we lawyers do get jobs again, bailing us out wont even be on anyone's radar. Kind of a catch 22 I guess. I suppose that this idea doesn't really fix anything, since bailing students out won't create jobs in the traditional sense, and we would essentially be receiving a windfall that Congress and the big lenders would fight with all their lobbying might. I think the issue with that is even if we were bailed out, the issue of unemployment and lack of income for many recent graduates still exists. If I were to have my debt wiped clean right this moment, as happy as I would be, I still would need steady income to enjoy it. And let's face it, the minute we lawyers do get jobs again, bailing us out wont even be on anyone's radar. Kind of a catch 22 I guess. I suppose that this idea doesn't really fix anything, since bailing students out won't create jobs in the traditional sense, and we would essentially be receiving a windfall that Congress and the big lenders would fight with all their lobbying might.

]]> By: Maduck http://www.thelegalline.net/2009/05/13/student-loans-economic-slavery-you-cant-escape/comment-page-1/#comment-69 Maduck Wed, 13 May 2009 17:14:55 +0000 http://www.thelegalline.net/?p=797#comment-69 though i speak from a biased point of view, it baffles me why student loans aren't getting more attention. I know its due to a lack of lobby on the part of students (which is due to having no money, because we have to pay off debts...a vicious cycle), etc., but imagine if instead of bailing out Wall Street, they bail out a bunch of 20something students fresh out of college, looking to spend money and "live the dream" (we need to coin a term for students, there is "Main Street" for the peons, haha)...it seems to me that this would stimulate the economy...i know for a fact that if i didn't have the monthly student loan payments i have now, i'd move out, rent a new place and spend money cause i am a recent grad who just passed the bar, etc. and want to have a good time... <br><br>here is a link to a story on the "viral student movement" for what it is worth: <a href="http://trueslant.com/KashmirHill/2009/04/13/how-the-student-loan-bailout-movement-went-viral/" rel="nofollow">http://trueslant.com/KashmirHill/2009/04/13/how...</a> though i speak from a biased point of view, it baffles me why student loans aren't getting more attention. I know its due to a lack of lobby on the part of students (which is due to having no money, because we have to pay off debts…a vicious cycle), etc., but imagine if instead of bailing out Wall Street, they bail out a bunch of 20something students fresh out of college, looking to spend money and “live the dream” (we need to coin a term for students, there is “Main Street” for the peons, haha)…it seems to me that this would stimulate the economy…i know for a fact that if i didn't have the monthly student loan payments i have now, i'd move out, rent a new place and spend money cause i am a recent grad who just passed the bar, etc. and want to have a good time…

here is a link to a story on the “viral student movement” for what it is worth: http://trueslant.com/KashmirHill/2009/04/13/how...

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