# Do Students Deserve a Bailout?
**URL:** https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012
**Category:** NYSpeed Off Topic
**Created:** [June 11, 2009, 1:26pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012 "2009-06-11T13:26:49Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@Jared](https://forums.speedlife.net/u/Jared)
#### Post date: [June 11, 2009, 1:26pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/1 "2009-06-11T13:26:49Z")
**Do Students Deserve a Bailout?**
**Some argue that loan debt for college should be forgiven**
By Christina Couch
 After the landmark $787 billion bailout, numerous mergers and a few bankruptcies, Wall Street and the auto industry have received lots of assistance as they attempt to get back on their feet.
But what about college students who face crushing debt? With two out of every three undergrads taking out loans and the average student loan topping the $20,000 mark, should those with education debt be the next recipients of federal bailout funds?
One Facebook group is pushing for that.
“What we’re proposing is radical,” explains Robert Applebaum, a Brooklyn-based attorney who manages Forgive Student Loan Debt, a Web site and Facebook group with 193,500 members. “We want the government to spend the $550 to $600 billion necessary to completely cancel all student debt. That’s a drop in the bucket compared to what has been spent and what will be spent to bail out U.S. companies. And with this type of incentive we can achieve real economic stimulus that focuses directly on the middle-class student borrowers who are really struggling.”
He’s got a point. With over 16 million students enrolled in higher education this year, an economy with a decreasing number of entry-level positions, and student-loan default levels at their highest in more than a decade, should the government provide the same economic relief to the future work force that it does to major companies?
“I don’t see a lot of political support for that kind of measure,” says Terry Hartle, senior vice president of the American Council on Education, a trade association based in Washington, D.C., that represents 2,000 two- and four-year colleges and universities. “The vast majority of borrowers graduate with a modest amount of debt and they experience relatively little difficulty in repaying. Instead of offering a bailout, we need to increase funding for low-income students and we need to start educating students about responsible borrowing.”
Responsible borrowing is the exact opposite of what across-the-board loan forgiveness encourages, adds Kristen Fischer, author of “Ramen Noodles, Rent and Resumes: An After-College Guide to Life.” If students are given carte blanche on borrowing now, how will they learn to budget, save and borrow within their means when it comes to a mortgage?
“That’s the whole reason of going to school,” she says, “not to avoid debt, but to get a job that enables you to pay it off.”
[http://encarta.degreesandtraining.com/articles.jsp?article=featured\_do\_students\_deserve\_a\_bailout>1=27001](http://encarta.degreesandtraining.com/articles.jsp?article=featured_do_students_deserve_a_bailout>1=27001)
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### Author:  [@letitroll](https://forums.speedlife.net/u/letitroll)
#### Post date: [June 11, 2009, 1:28pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/2 "2009-06-11T13:28:42Z")
The banks ruined the economy.
The ruined economy ruined the job market.
People can’t pay back student loans without a job.
I’m completely for this. At a bare minimum, they should forgive some of the accrued interest on student loans.
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### Author:  [@MPD47](https://forums.speedlife.net/u/MPD47)
#### Post date: [June 11, 2009, 1:32pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/3 "2009-06-11T13:32:23Z")
I’d be happy to “bailout” broads #1 and #3.
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### Author:  [@MOBOOST4U](https://forums.speedlife.net/u/MOBOOST4U)
#### Post date: [June 11, 2009, 1:35pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/4 "2009-06-11T13:35:01Z")
As a student in debt I say :tup: lol. Better use of money than the banks who dont need money being forced to borrow.
> [@Jared"](#):
>
> student-loan default levels at their highest in more than a decade
Although the declining economy and job market clearly have a lot to do with this, I also blame it on dumb kids who’s parents got us in this mess in the first place by imposing bad parenting examples and spending out of their means in the first place.
With that said, my student debt is not all wrapped up in my education :mamoru:
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### Author:  [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)
#### Post date: [June 11, 2009, 1:35pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/5 "2009-06-11T13:35:51Z")
what about car owners? Can they forgive my car loan?
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### Author:  [@newman](https://forums.speedlife.net/u/newman)
#### Post date: [June 11, 2009, 1:39pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/6 "2009-06-11T13:39:37Z")
HOW ABOUT DON’T SPEND 80,000 DOLLARS GETTING A FUCKING ART DEGREE JUST SO YOU CAN WORK AT JO-ANN FABRICS, YOU FUCKING FAGGOTS. GET A REAL DEGREE.
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### Author:  [@Freek](https://forums.speedlife.net/u/Freek)
#### Post date: [June 11, 2009, 1:40pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/7 "2009-06-11T13:40:25Z")
I think there is more than enough funding for students who are smart enough to go look for it and need it. What’s next, paying students to go to school? oh, wait. NVM 🙂
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### Author:  [@JayS](https://forums.speedlife.net/u/JayS)
#### Post date: [June 11, 2009, 1:42pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/8 "2009-06-11T13:42:02Z")
No
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### Author:  [@MOBOOST4U](https://forums.speedlife.net/u/MOBOOST4U)
#### Post date: [June 11, 2009, 1:43pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/9 "2009-06-11T13:43:27Z")
> [@newman](#):
>
> HOW ABOUT DON’T SPEND 80,000 DOLLARS GETTING A FUCKING ART DEGREE JUST SO YOU CAN WORK AT JO-ANN FABRICS, YOU FUCKING FAGGOTS. GET A REAL DEGREE.
:bigclap: LMAO!
Honestly, I wanna just choke people when they tell me they’re in school for Liberal Arts, Geography, History etc (granted they wont be teaching). Sorry if thats anyone on here.
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### Author:  [@brent\_strong](https://forums.speedlife.net/u/brent_strong)
#### Post date: [June 11, 2009, 1:45pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/10 "2009-06-11T13:45:00Z")
As someone who worked hard to pay off his own student loans…
HELL NO.
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### Author:  [@tpgsr](https://forums.speedlife.net/u/tpgsr)
#### Post date: [June 11, 2009, 1:50pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/11 "2009-06-11T13:50:15Z")
My loan debt was for school only. I see retards buying TV’s and ipods with loan money. Fuck that. I agree with newman.
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### Author:  [@Paulo](https://forums.speedlife.net/u/Paulo)
#### Post date: [June 11, 2009, 2:02pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/12 "2009-06-11T14:02:00Z")
I don’t think they should pay off entire student loans. (This coming from someone who is in debt for school) However, I think that hacking the interest would be a fairly substantial way of helping. If someone isn’t making as much money as their degree should be making them in a normal economy, that interest will kill you.
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### Author:  [@theblue](https://forums.speedlife.net/u/theblue)
#### Post date: [June 11, 2009, 2:18pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/13 "2009-06-11T14:18:22Z")
flat out no.
I am for partial forgiveness programs for those who do public service, become teachers etc…
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### Author:  [@fourseasonsandles](https://forums.speedlife.net/u/fourseasonsandles)
#### Post date: [June 11, 2009, 2:35pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/14 "2009-06-11T14:35:21Z")
> [@brent\_strong](#):
>
> As someone who worked hard to pay off his own student loans…
>
> HELL NO.
^^This… if they get a bailout… I want a check for the amount of my loans to do with as I please as I paid all of them off…
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### Author:  [@38stang](https://forums.speedlife.net/u/38stang)
#### Post date: [June 11, 2009, 2:49pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/15 "2009-06-11T14:49:22Z")
seeing as i just graduated and i’m 50k in debt, i would not turn down any kind of help, but i’m not holding my breath
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### Author:  [@PureXTC](https://forums.speedlife.net/u/PureXTC)
#### Post date: [June 11, 2009, 2:49pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/16 "2009-06-11T14:49:57Z")
> [@newman](#):
>
> HOW ABOUT DON’T SPEND 80,000 DOLLARS GETTING A FUCKING ART DEGREE JUST SO YOU CAN WORK AT JO-ANN FABRICS, YOU FUCKING FAGGOTS. GET A REAL DEGREE.
QFT!
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### Author:  [@A.J](https://forums.speedlife.net/u/A.J)
#### Post date: [June 11, 2009, 2:54pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/17 "2009-06-11T14:54:02Z")
> [@MOBOOST4U](#):
>
> :bigclap: LMAO!
>
> Honestly, I wanna just choke people when they tell me they’re in school for Liberal Arts, Geography, History etc (granted they wont be teaching). Sorry if thats anyone on here.
Go into the geography department at UB so you can update yourself on the degree and what it entails.
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### Author:  [@MOBOOST4U](https://forums.speedlife.net/u/MOBOOST4U)
#### Post date: [June 11, 2009, 2:58pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/18 "2009-06-11T14:58:28Z")
> [@A.J.](#):
>
> Go into the geography department at UB so you can update yourself on the degree and what it entails.
Well, I know two people with Geography degrees from UB… One is a manager at a DQ and the other one does investments… jus sayin!
Edit: Ooops, sorry, a third works with me in Market Development for a technology distributor…
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### Author:  [@blackout](https://forums.speedlife.net/u/blackout)
#### Post date: [June 11, 2009, 3:00pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/19 "2009-06-11T15:00:44Z")
> [@A.J.](#):
>
> Go into the geography department at UB so you can update yourself on the degree and what it entails.
I took about four advanced level geography classes for my Urban Studies and Policy degree and they are not what people think at all
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### Author:  [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)
#### Post date: [June 11, 2009, 3:18pm UTC](https://forums.speedlife.net/t/do-students-deserve-a-bailout/69012/20 "2009-06-11T15:18:04Z")
> [@Freek](#):
>
> I think there is more than enough funding for students who are smart enough to go look for it and need it. What’s next, paying students to go to school? oh, wait. NVM 🙂
:mamoru:
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