By: stripes

stripes — Mon, 08 Oct 2012 19:22:13 +0000

It’s the morals & dogmas of Albert Pike…..adopted by all religions and hidden under the guise of “IN GOD WE TRUST”

By: bobbi swann

bobbi swann — Mon, 08 Oct 2012 15:39:51 +0000

OMG! This is sooooo true. As a mortgage broker we are required to place a payment against a proposed borrower for any of those student loans that was granted to these parents for their children’s education. Even if they are still in college and the loans are in a deferred status we must count the payment as if it is being made now! At the extreme high cost of education those payments could well exceed $700-$1000 a month. For many of these people who wish to finance a purchase of a home they are literally out of the ballpark to owning a home and it will take an entire lifetime to pay them back, if at all! Many times parents, when children are all grown and have left the ‘nest’, want to downsize a home and it’s costs. Now, they are being forced to stay because of the debt of the student loans. Even when these kids are graduated and by some chance even get a job with their degree with the ability to make the payments the gov’t will not release the parents from the debt, forever holding them down. I love my children but I instilled the ideal that college would only come to them if they were to attain scholorships. I could not afford college as a single parent. Thankfully, they did and it took them much more than the standard 4 years staying in-state. They worked hard, took part time jobs. It was not easy for them but I can say one thing – I cannot be more proud of my kids for what they attained. Any you know what else? They are more responsible about their debt, money management and what is important in life. As a product child of the 50’s I only hope that my children and others in their generation will teach those same philosophies to their own. Sorry, but kids these days think they “deserve” what others before them had to work to attain. What a glorious day to watch my child receive her college diploma (the first in our entire family) along with the rest of my family.

By: Jackson

Jackson — Fri, 05 Oct 2012 19:37:52 +0000

Does the Government have a role in predatory lending? You betcha! Reform to the Bankruptcy code would quickly put an end to this predatory financial violence. Guess who stands in the way of those changes? Simply put, Wall Street and those they’ve bought off.

Comments on: No Income? No Problem! How the Gov’t Is Saddling Parents with College Loans They Can’t Afford

By: stripes

By: bobbi swann

By: Jackson