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Why just Student Debt: Why not other debts?

Why just Student Debt: Why not other debts?

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@mott-the-hoople said
nah…

https://www.americanbar.org/groups/business_law/safeborrowing/student/bankruptcy/
DID YOU READ YOUR OWN LINk?............Prior to, October 17, 2005, a student loan may be dischargeable if the program under which your student loan was issued involved only for-profit, private (non-government) entities. However, if the program is funded in whole or in part by non-profit institutions (for example, a non-profit university or guarantor), the loan is not dischargeable in bankruptcy.

For cases filed on and after October 17, 2005, and under current law, both federal and private student loans are not dischargeable in bankruptcy unless you can show that your loan payment imposes an "undue hardship" on you, your family, and your dependents.
OCTOBER, 17, 2005 is when The Bush Administration passed the Banker friendly Legislation.

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@jimm619 said
DID YOU READ YOUR OWN LINk?............Prior to, October 17, 2005, a student loan may be dischargeable if the program under which your student loan was issued involved only for-profit, private (non-government) entities. However, if the program is funded in whole or in part by non-profit institutions (for example, a non-profit university or guarantor), the loan is not discharg ...[text shortened]... pendents.
OCTOBER, 17, 2005 is when The Bush Administration passed the Banker friendly Legislation.
and your point is?

“ unless you can show that your loan payment imposes an "undue hardship" on you, your family, and your dependents. ”

are you saying it should be forgiven just for the hell of it?

but you were wrong in saying they couldnt file bankruptcy

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@mott-the-hoople said
and your point is?

“ unless you can show that your loan payment imposes an "undue hardship" on you, your family, and your dependents. ”

are you saying it should be forgiven just for the hell of it?

but you were wrong in saying they couldnt file bankruptcy
Did I SAY THAT???
What I DID SAY IS THIS;
''..........Student loans are not forgiven in a bankruptcy filing...........''
Ya' got to read(more) the links.
Proving hardship is not a normal requirement
when filing bankruptcy....Had that been the case,
Donald Trump would have had to prove financial
hardship the SIX TIMES HE FILED BANKRUPTCY.

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@quackquack said
It makes no sense that the government should fund people who took loans to pay for college and not reimburse everyone who paid tuition whether by loan or not by loan.
The Govt FUNDED NO-ONE, it guaranteed
loans, many of the so called, 'accredited colleges,'
were merely for profit, diploma mills that offered
no real education and, in fact, many went belly up mid semester,
leaving students high and dry, with no more education loans available
Betsy DeVos, Trump's Secretary of Education was a proponent
of these for profit institutions...ITT Technical College ring a bell?
Worthless, diplomas, young people suckered by high pressure salesmen.
Sound familiar? Oh, by the way, DeVos, who had no educational background, is the sister of Eric Prince, the same man that brought us
those IRAQI war criminals.......BLACKWATER, you know, the same war profiteer that TRUMP PARDONED for their organizations war crimes..
Why are y'all ALWAYS espousing, 'taking personal responsibility?'
I guess you guys kinda' like to pick what personal responsibility is, huh?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
https://www.nbcnews.com/news/world/trump-s-pardon-blackwater-contractors-convicted-massacre-greeted-derision-grief-n1252224
https://www.esquire.com/news-politics/politics/a35058338/trump-pardon-blackwater-contractors-iraq-murders/

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If a debt (other than student loan) causes a hardship, which can be proven, should such debt be forgiven on the same basis as the concept of forgiving student loan debt?
Might this post be better-titled 'Forgive all debts that are hardships."?

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@averagejoe1 said
If a debt (other than student loan) causes a hardship, which can be proven, should such debt be forgiven on the same basis as the concept of forgiving student loan debt?
Might this post be better-titled 'Forgive all debts that are hardships."?
You ASKED;
''..If a debt (other than student loan) causes a hardship, which can be proven, should such debt be forgiven on the same basis as the concept of forgiving student loan debt?..................''
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Indeed, and that is when it is called, 'BANKRUPTCY.'
There are two main forms of bankruptcy(Chapter 7 & 11),
but for our purposes they are the same..........You can't pay your bills.
I'll remind you, there are no debtors prisons. The only time anyone
may be incarcerated, in The US, for owing money, is; alimony, child support and monies owed because they were obtained by fraud.

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@Mott-The-Hoople
Forgiving student loans is an investment in our future but that is WAY too deep a concept for an idiot like you to understand since you could care less about the actual plight of students, what you and your metal filled brain want is to ONLY weaponize any situation you think will further your pathetic cause.

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? The debt for student loan is just forgiven, clean break. You say the other debt should be treated differently (bankruptcy). Why?

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@AverageJoe1
It is really sad you continue to push for ZERO help from the gummint, small gummint, no taxes, states on their own, in other words, 50 separate countries plus DC.

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@averagejoe1 said
? The debt for student loan is just forgiven, clean break. You say the other debt should be treated differently (bankruptcy). Why?
They ARE TREATED DIFFERENTLY........
Are you reading along, with the rest of us?
''Are we on the same page,'' isn't just an expression.
...............hello?,,,,,,,,,,,,,,,,anyone home?

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@sonhouse said
@Mott-The-Hoople
Forgiving student loans is an investment in our future but that is WAY too deep a concept for an idiot like you to understand since you could care less about the actual plight of students, what you and your metal filled brain want is to ONLY weaponize any situation you think will further your pathetic cause.
The way it used to work in NZ for apprenticeships, back in my day, before goobermint started sticking their nose in and inventing all sorts of shortcuts and useless trade school theoretical training. An apprentice started on 50% of tradesman's base rate (a paltry amount, explained later), this was to help pay for being slow, lacking skills and making cock-ups, as you progressed through your apprenticeship your rate went up as a percentage of the tradesman's base rate. In this way students/apprentices contributed to the cost of their learning, and they valued that learning, in meant something, it wasn't automatic.

On becoming a tradesman you negotiated a rate considerably more than the base rate to continue, because there were no decent tradesmen working for the base rate, the free market determined the value of a tradesman's skills.

No debt, but a period of low pay and crap jobs until you proved yourself.

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@wajoma said
The way it used to work in NZ for apprenticeships, back in my day, before goobermint started sticking their nose in and inventing all sorts of shortcuts and useless trade school theoretical training. An apprentice started on 50% of tradesman's base rate (a paltry amount, explained later), this was to help pay for being slow, lacking skills and making cock-ups, as you progress ...[text shortened]... f a tradesman's skills.

No debt, but a period of low pay and crap jobs until you proved yourself.
The apprentice system, once used here as well.
Still used by our neighbor, to the south, Mexico.....

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@jimm619 said
The Govt FUNDED NO-ONE, it guaranteed
loans, many of the so called, 'accredited colleges,'
were merely for profit, diploma mills that offered
no real education and, in fact, many went belly up mid semester,
leaving students high and dry, with no more education loans available
Betsy DeVos, Trump's Secretary of Education was a proponent
of these for profit institutions.. ...[text shortened]... //www.esquire.com/news-politics/politics/a35058338/trump-pardon-blackwater-contractors-iraq-murders/
jimmi jimmi jimmi...such ignorance...

https://moneymink.com/student-loans-government/#:~:text=Are%20Student%20Loans%20Funded%20By%20the%20Government%3F%20Some%2C,to%20all%20borrowers%20with%20a%207.6%25%20interest%20rate.

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@jimm619 said
Did I SAY THAT???
What I DID SAY IS THIS;
''..........Student loans are not forgiven in a bankruptcy filing...........''
Ya' got to read(more) the links.
Proving hardship is not a normal requirement
when filing bankruptcy....Had that been the case,
Donald Trump would have had to prove financial
hardship the SIX TIMES HE FILED BANKRUPTCY.
nah...here is a copy and paste of what you said...

"Because it's the only debt not forgiven
when filing for bankruptcy?

hardship has to be proven in any bankruptcy

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@mott-the-hoople said
nah...here is a copy and paste of what you said...

"Because it's the only debt not forgiven
when filing for bankruptcy?

hardship has to be proven in any bankruptcy
No, you don't have to show "undue hardship" to get other debts discharged in bankruptcy. There is a special test required to discharge student loans not applicable to other debt:

"The bankruptcy courts do not use a single test to determine undue hardship but may look at the following factors to determine whether requiring you to repay your loans would cause an undue hardship:

If you are forced to repay the loan, you would not be able to maintain a minimal standard of living.

There is evidence that this hardship will continue for a significant portion of the loan repayment period.

You made good faith efforts to repay the loan before filing bankruptcy."

https://studentaid.gov/manage-loans/forgiveness-cancellation/bankruptcy