tag:blogger.com,1999:blog-3660083024919144793.post6827572418424928333..comments2024-03-28T10:56:31.720-06:00Comments on Outside the Law School Scam: "Admission Through Performance"Unknownnoreply@blogger.comBlogger19125tag:blogger.com,1999:blog-3660083024919144793.post-7629401061342068352013-05-27T02:16:31.694-06:002013-05-27T02:16:31.694-06:00Huge student loans are a huge burden. Making them ...Huge student loans are a huge burden. Making them dischargable would help many people trapped w/ massive student loans.<br /><br />But then the government would end up giving away tons of money to students who discharge their loans. Law schools and universities could still charge massive tuitions, so they wouldn't care one way or the other. In fact, dischargeability would make massive student loans seem less scary, and Higher Ed might have a new incentive to hike tuition, or at least a new talking point for marketing. "There's never been a better time....!"<br /><br />Dischargability would have to follow some reform that makes law school / Higher Ed cheaper to solve the high-tuition problem and not hurt the taxpayers (as much).<br /><br />How can the govt make tuition prices go down, besides outright mandates or micro-managing regulations?<br /><br />Cap student loans at $25,000 per student, per year. <br /><br />--JimAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-19846098863115174382013-05-26T14:57:55.474-06:002013-05-26T14:57:55.474-06:00@731,
That Medicare scooter is charity - or perh...@731, <br /><br />That Medicare scooter is charity - or perhaps the fruit of an unsustainable Ponzi scheme. <br /><br />Student debt is ALREADY dischargeable for people who lack the "ability to repay their debts." It's called the "undue hardship" standard. <br /><br />Able-bodied people in their 20s and 30s don't need charity. They need to STFU and pay back the money they owe - one month at a time, if necessary.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-13525788192368071222013-05-26T14:01:32.081-06:002013-05-26T14:01:32.081-06:00In many states you can take the bar as many times ...In many states you can take the bar as many times as you need to. Why didn't this guy take the bar in another state and then move there if he passed?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-58710151475384948422013-05-26T12:30:51.565-06:002013-05-26T12:30:51.565-06:00I think what you mean, genius, is that you support...I think what you mean, genius, is that you support the non-dischargeability of student loans.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-26213858627848938812013-05-26T09:08:32.157-06:002013-05-26T09:08:32.157-06:00I do not support the non-dischargeability of stude...I do not support the non-dischargeability of student loans. I repaid mine, almost $95,000.00 with interest last year. It took my 10 years to pay off my debt. I lived like a pauper during my repayment period and made many sacrifices. Why should graduates today get a free pass? If these loans won't get repaid, as a commenter stated, then the government has my blessing to hound, garnish and levy what little property these deadbeat debtors have. <br /><br />Look, I hate the higher education scam, especially the law school variety. However, kids graduating law school since 2010 had the knowledge and should have known that employment stats were lies. They consciously or subconsciously took a gamble and most lost. They should be held accountable. Anyway, I am not sure why we are debating this issue since Congress will NEVER retract the non-dischargeability provisions on student loans. The banks own Congress. They own you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-48167925363028400012013-05-26T08:41:40.868-06:002013-05-26T08:41:40.868-06:00"Because the amount borrowed is so comparativ..."Because the amount borrowed is so comparatively enormous, the voters have refused to make this unique type of debt nondischargeable. And rightly so."<br /><br />Rightly so? If the taxpayers were oh-so-wise, maybe they'd vote to have the government stop making huge loans to people who obviously won't be able to repay.<br /><br />Bankruptcy for student loans is only an issue because we got away from the model of affordable public education. My father is a chemical engineer. He attended a public university, and was able to pay as he went, working part-time jobs. Why does school now have to cost as much as buying a house? It's horrible public policy. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-21585402390720594912013-05-26T08:31:57.416-06:002013-05-26T08:31:57.416-06:00"I already paid off my student loans. If your..."I already paid off my student loans. If yours are forgiven, should I also get back all the money that I repaid?"<br /><br />Asked and answered. Nevertheless: to qualify for bankruptcy protection, a debtor has to file a petition with a bankruptcy court, and demonstrate a lack of ability to repay the debts. The FUNDAMENTAL POINT of bankruptcy is to provide relief to people and entities hopelessly mired in debt. Since you were able to repay your loans, you obviously wouldn't qualify, would you? <br /><br />When you see an elderly person riding in a scooter paid for by Medicare, would you argue that they shouldn't get a scooter unless the government provides one to you, as well? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-28976097115830901372013-05-26T07:49:58.709-06:002013-05-26T07:49:58.709-06:00They will get to retake it as many times as necess...They will get to retake it as many times as necessary until they get that sweet, sweet 70%.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-85647719573616611042013-05-26T06:05:44.060-06:002013-05-26T06:05:44.060-06:00slightly OT but I'll repeat my idea: Congress ...slightly OT but I'll repeat my idea: Congress should cap loans at $25,000 per individual per year. Watch tuition prices fall (and lawprof salaries).<br /><br />--JimAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-39932611382366005972013-05-25T22:28:34.737-06:002013-05-25T22:28:34.737-06:00^ For the most part they aren't - unless you&#...^ For the most part they aren't - unless you're talking about sales taxes (none of which go to the federal government that you're asking to eat the loans). <br /><br />Education debt is held to a "higher standard" because it is the sole and unique instance in which a penniless student can get an unsecured loan for hundreds of thousands of dollars. Because the amount borrowed is so comparatively enormous, the voters have refused to make this unique type of debt nondischargeable. <br /><br />And rightly so. <br /><br />I already paid off my student loans. If yours are forgiven, should I also get back all the money that I repaid?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-741759722984871872013-05-25T21:05:49.680-06:002013-05-25T21:05:49.680-06:00What you don't get is that these loans are nev...What you don't get is that these loans are never going to be paid off anyway. You can sit there and rant all you want, but it will not change this basic fact. The status quo means tens of millions of financial zombies in our economy (this is hardly limited to law school). These were the people that we all thought we make up our middle class. These kids were sold a bill of goods, ten years ago the mantra was "education debt is the best kind of debt", now its "you should have known better". If the goal is to punish those you went into debt for school, fine whatever. But why should any bankruptcy be allowed? Why is education debt held to such a high standard? The student debtors are taxpayers too. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-4278849122183798422013-05-25T19:33:32.014-06:002013-05-25T19:33:32.014-06:00^ Or or **OR** we could just institute a minimum L...^ Or or **OR** we could just institute a minimum LSAT score without trying to force the taxpayers to pay off everyone's student loans..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-42139319708487154472013-05-25T18:06:42.987-06:002013-05-25T18:06:42.987-06:00Or we could allow discharging of debt and institut...Or we could allow discharging of debt and institute a mandatory minimum LSAT score of 165.Adam Bhttps://www.blogger.com/profile/12458070600725040309noreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-74335777130126177562013-05-25T17:59:31.071-06:002013-05-25T17:59:31.071-06:00^ TITCR. Finally, someone who gets it.
I was sta...^ TITCR. Finally, someone who gets it. <br /><br />I was starting to think that this site was some kind of tax thief convention. <br /><br />It still pretty much is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-57301438265591146742013-05-25T12:53:01.315-06:002013-05-25T12:53:01.315-06:00Sure, they can make dischargability easier with th...Sure, they can make dischargability easier with the result as follows: "Let's go to law school. If it doesn't work out, we can just flush the loans." What do you think will happen to class sizes then?<br /><br />Same goes for any easier terms. If you want smaller class sizes, you need to make admission more onerous - not less.JeffMhttps://www.blogger.com/profile/03570176730771111002noreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-47091686478432576052013-05-25T12:13:14.727-06:002013-05-25T12:13:14.727-06:00at 7:48:
"Although I believe Congress should...at 7:48:<br /><br />"Although I believe Congress should amend the bankruptcy laws to allow the dischargeability of student loans going forward (no retroactive application)...."<br /><br />Why no retroactive application? Congress felt it was ok back in 1998 to make student loans non-dischargeable in BK, retroactively. Put another way, any of us who started school prior to October 1998 could bk our loans but the Clinton admin decided that it should be disallowed, so they took the right away and applied it to all loans PRIOR to 1998 as well as moving forward.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-25165041906237986242013-05-25T11:18:05.136-06:002013-05-25T11:18:05.136-06:00In 1997, getting a legal job was still difficult(b...In 1997, getting a legal job was still difficult(but not nearly impossible like today).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-42195232929039882492013-05-25T08:48:51.719-06:002013-05-25T08:48:51.719-06:00Although I believe Congress should amend the bankr...Although I believe Congress should amend the bankruptcy laws to allow the dischargeability of student loans going forward (no retroactive application), the 9th Circuit's reasoning in the Hedlund's decision is completely flawed. The Debtor in that case compounded his hardship by missing the bar exam because he locked his keys in a car (give me a break) and decided to get married and have kids when he couldn't get his finances in order. This is no different than a Welfare Queen pumping out kids to continue to feed off of the Federal teat. The 9th Circuit is a ultra liberal court so expect that decision to get appealed to SCOTUS. I have read more sympathetic cases on student loan dischargeability (e.g., where Debtor was a paraplegic, or was permanently disabled). Hedlund is a fully able bodied person who squandered his education (he graduated law school in 1997, at a time when getting a legal job wasn't difficult, hell the guy was even working at the PD's office before getting canned for flunking the bar exam twice). Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3660083024919144793.post-86089416356985145252013-05-25T07:05:28.995-06:002013-05-25T07:05:28.995-06:00Regarding Lincoln Memorial "University" ...Regarding Lincoln Memorial "University" Duncan Sewer of Law, will students who take the four-week FRE course receive 20 points for attending all classes or for correctly entering their names?Nandohttps://www.blogger.com/profile/06423524039657355134noreply@blogger.com