https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/public-service
That already exists doesn’t it? And it isn’t limited to public schools.
No, I don’t. Clearly, the $150,000 in student loans Keely has signed for do not involve a parent co-signature.
No need. The terms of the student loans are clearly specified in the loan documents Keely signed.
She was stupid enough to sign. She’s on the hook for the grossly inflated Northeastern University costs that resulted in that $150,000 of nondischargeable student loan debt.
Also jiffsmom you do not have enough information to form your opinion. How big is the mortgage on the house? Are the parents working? Any other assets? You may want to take a look at FAFSA I think you would find it very educational
@tiger1307 Let’s examine the issue. 1000s of students and families make the decision to accept only reasonable debt for their college educations by opting for CCs, living at home and commuting, or attending inexpensive schools. The organizer goes to a competitive expensive private school and agrees to accept those costs and she and her family knowingly agree to take out loans to defer payment for those costs until a later date. Each yr she agrees to more loans and greater debt. Now she wants someone else to pay them for her. That isn’t a national crisis. That was a personal choice.
If she is truly unhappy with the debt, wouldn’t the prudent decision have been to not re-enroll yr after yr taking on more and more debt? Only a fool continues down a path they know they can’t sustain.
Why should she be entitled to other people’s money for her living beyond her means?
@tiger1307 Yes so inflating the economy is totally a great idea. How about people graduate high school and then they can ask to almost double their pay. If they just stayed in school they would be making that much on average. The issue is not the minimum wage, but the fact people don’t stay in school to increase their earning potential. I’m all for less college debt, but that drastic of a raise is likely to cause economic instability.
She is one of 24,000 students at Northeastern. You are eager to make an extrapolation to an entire institution based on one ditz! Ann Coulter is an alum of Cornell University and University of Michigan Law School. Are those institutions tainted by her too in your mind?
If she has $150,000 in loans, then her parent’s AGREED to be responsible for that debt by co-signing. She didn’t take all that debt out on her own. Now that it’s ready to come due they’ve finally figured out this was too much?
Free public education is one thing. Forgiving reasonable amounts of student debt makes sense. Subsidizing ridiculous amounts of debt for a private education far from home is a completely different issue. Had she lived at home and commuted to a public university all 4 years would have cost less than one year at Northeastern. She made bad choices. Her parents made bad choices. Why should taxpayers subsidize the bad choices of a millionaire family?
If her parents decide the million dollar home is too expensive and they can’t pay their mortgage debt, should that be forgiven as well?
The student herself did not take $150,000 in loans. The bulk of that amount was either cosigner by her parents, or was taken out by them. The student’s loan limit is limited to the Direct Loan amount which is $27,000 for the full four years, not $150,000.
So…lets be clear…her parents signed for these loans in some way. If. Student defaults on the cosigner loans…the cosigner is right up there next to pay the bill.
Mom2aphysicsgeek only fools think that the rich should get all the benefits that a society Some people think there should be an equitable distribution of wealth for the good of all. And no I dont think everyone should go to a community college. The prudent decision would be to tax the rich and corporations and use that money to help pay for higher education costs. That would benefit all of our society
Exactly.
Why should the rest of us be responsible for paying for that choice when our own kids choose a less costly option?
Inigo most states in regards to homes are non recourse states meaning people can just walk away from homes and the debt is forgiven. This is also Massachusetts and they have many student loan programs. Also lets not forget direct loans from the institution in question
Jiffsmom public financing of education is important to some of us just like roads, police and fire. Some people think that the public should not finance fire departments I believe in financing fire departments and higher ed. I guess you and I have different priorities
I get that, @tiger1307. The problem Keely Mullen has run into with her $150,000 of nondischargeable student loan debt is that she specifically CHOSE to sign on to that debt to go to a private (NOT public) school. Northeastern University (Boston) is a private school.
I thought it was funny that she believes that a tax rate of 90% is ok, but that more than that is “socialism”. Ha!
And, when she was repeatedly asked if her FAMILY would be willing to pay more in taxes, she resorted to the false claim that her parents were working class - which not only doesn’t square with her dad’s million dollar home, but also doesn’t square with her earlier claim to be upper middle class…She graduated from a high school whose tuition is $40k+ per year.
Oh, and when she was asked what would happen if the top 1% left the country, she said something that sounded like they should be punished or controlled in some way. lol…what? Are we to become the USSR and not let people leave?
And then she said something (about the top 1% leaving) that there will always be a top 1%…uh duh…but if the top earners keep leaving, or stop creating jobs, then the “top 1%” here in the US won’t have the wealth that she thinks should be redistributed.
She’ll graduate in May with $150k in debt. I hope her parents were the co-signers…and that they get stuck with some of the debt.
I don’t see anything wrong with states and the feds getting together to figure out a cheaper way to provide public higher education.
Some ideas:
-
free or lower cost local CCs. Perhaps free for those who come in with a certain minimum GPA.
-
public tuition at 4 years shouldn’t be more than $6k per year (and fees can’t be used as fake tuition)
-
more/all states adopt a HOPE like system which provides a scholarship to those with certain minimum high schools stats.
-
fed loan system should change to an optional:
0 frosh
0 soph
15000** jr
15000** sr
**with maybe some add’l loan amounts (maybe $3k per year) for certain needed majors that have higher associated costs, like eng’g. Graduating with $36k in debt as an eng’g major isn’t terrible.
The above would allow a low income student to go to a local CC for a very low cost, and then go to a state school and have costs covered with a combo of Pell and loans (and probably some work study and summer earnings).
- more programs like Washington’s Running Start where students earn an AA while in HS.
I’d also like to see some sort of “grade forgiveness” for those who had a “rough start,” left school and worked for X years, and then returned.
I saw that interview, very pathetic.
maybe they should start by seizing her dads 1 million house .(working middle class house)
nobody said these students are smart or thought threw their beliefs. but if she is the leader and she is clueless that is extra sad!
I could not understand why her parents (or any parents) could let her be burdened with such a heavy student loan debt, if they are indeed that rich. Another explanation is that $150,000 is not considered as a large sum in her parents’ point of view.
I also let my S carry a heavy debt for UG + grad out of necessity (but not as much as hers.) It may be hypocrisy for me to speculate that her parents do not do “their job” here. (But I do not live in a million dollar house. In fact, I rent a 1-bedroom apartment to live now - I do own a not-paid-off-yet house in a low COL state though.)
Isn’t true that even Bernanke Son Has Student Loan Debt?
She obviously had not thought through her demands before going on national television.
There are a lot of people with 150k in student debt, it is not so stupid, it is a personal choice. Some people would never send their kid to a public school, again, a personal choice that some can’t understand. Education is an investment that frequently pays off or there are means in place to cover it, but many can’t see beyond their current place in life to understand that. She has a private education and it seems the family can afford the debt, probably just deferring it by borrowing for now, a common practice when people are real estate wealthy. The only thing stupid is her expecting someone else to pay it off. Some people can’t understand the options and choices at other income levels, and just resort to calling their actions stupid. That seems stupid and small minded to me.
I doubt this girl is burdened with the debt, my guess is her parents will pay it off after she finishes school, a common practice for people that can afford it. Not everyone wants the cheapest option, again personal choice. Heck why shouldn’t she try to get a free education, seems everyone else is.
she could have become a paramedic(after training ) she could have worked and gone to school part time. and carried zero debt. and saved money on room and board by staying in daddies $1 million dollar working class home!
wonder how much daddy makes a year? she does not realize like some of the other SJW when you go on national TV people start checking on your story and lies quickly surface.