Student loans - do we have to pay it back?

[Girgy85]

Is the OP for real?

This is a guy who binked a big score back in November @ DTD, is quite clearly and intelligent kid.

Where do you get off "lending money" and not wanting to pay it back. I cant believe people responded with anything other than pay what you borrowed.

CLassy post

Yea pay up you freeloader!!

[Jon MW]

Is the OP for real?

This is a guy who binked a big score back in November @ DTD, is quite clearly and intelligent kid.

Where do you get off "lending money" and not wanting to pay it back. I cant believe people responded with anything other than pay what you borrowed.

CLassy post

Economists assume people act rationally - obviously they don't but that's how I tend to look at economic situations as well.

If it's cheaper to wait until you have to repay it before you do so then that's what you should do (why would you deliberately act irrationally?)


But the moral situation is mildly interesting as well.

Person A: went to university, got provided money by the government to do so, doesn't legally have to pay it back
Person B: went to university, got provided money by the government to do so, doesn't legally have to pay it back

Neither person has to pay it back, why do you think one of them should pay it back and the other shouldn't?

[outragous76]

Is the OP for real?

This is a guy who binked a big score back in November @ DTD, is quite clearly and intelligent kid.

Where do you get off "lending money" and not wanting to pay it back. I cant believe people responded with anything other than pay what you borrowed.

CLassy post

Economists assume people act rationally - obviously they don't but that's how I tend to look at economic situations as well.

If it's cheaper to wait until you have to repay it before you do so then that's what you should do (why would you deliberately act irrationally?)


But the moral situation is mildly interesting as well.

Person A: went to university, got provided money by the government to do so, doesn't legally have to pay it back
Person B: went to university, got provided money by the government to do so, doesn't legally have to pay it back

Neither person has to pay it back, why do you think one of them should pay it back and the other shouldn't?

its called personal ethics

[Jon MW]

Is the OP for real?

This is a guy who binked a big score back in November @ DTD, is quite clearly and intelligent kid.

Where do you get off "lending money" and not wanting to pay it back. I cant believe people responded with anything other than pay what you borrowed.

CLassy post

Economists assume people act rationally - obviously they don't but that's how I tend to look at economic situations as well.

If it's cheaper to wait until you have to repay it before you do so then that's what you should do (why would you deliberately act irrationally?)


But the moral situation is mildly interesting as well.

Person A: went to university, got provided money by the government to do so, doesn't legally have to pay it back
Person B: went to university, got provided money by the government to do so, doesn't legally have to pay it back

Neither person has to pay it back, why do you think one of them should pay it back and the other shouldn't?

its called personal ethics

Does that mean you think both of them should pay it back?

[outragous76]

obv

[Jon MW]

So you think that everybody who went to university 20/30 etc years ago should volunteer to pay the government the money that they received as grant money?

[Girgy85]

So you think that everybody who went to university 20/30 etc years ago should volunteer to pay the government the money that they received as grant money?

Yea pay back every penny u borrowed!!

[Bongo]

So you think that everybody who went to university 20/30 etc years ago should volunteer to pay the government the money that they received as grant money?

Yea pay back every penny u borrowed!!

A grant isn't a loan...

[outragous76]

So you think that everybody who went to university 20/30 etc years ago should volunteer to pay the government the money that they received as grant money?

look up 2 words in the dictionary

grant

loan

do you think you should be prosecuted by laws from 20-30 years ago? etc etc - pointless arguement

do you think you should be judged in society the way people were 20-30 years ago?

[Jon MW]

So you think that everybody who went to university 20/30 etc years ago should volunteer to pay the government the money that they received as grant money?

look up 2 words in the dictionary

grant

loan
...

Words in a dictionary, exactly.

From the rational/economic point of view it makes a difference.

But from the moral point of view the semantic label that is given to each event is irrelevant, the underlying truth of each event is the same - money from the government which you legally don't have to pay back.

In addition, if you think there is a moral obligation to pay back the amount that's labeled a loan - why does it include the condition that it will be canceled after 25 years?

If there is a moral imperative to pay it back, why does it have built in obsolescence?

[outragous76]

So you think that everybody who went to university 20/30 etc years ago should volunteer to pay the government the money that they received as grant money?

look up 2 words in the dictionary

grant

loan
...

Words in a dictionary, exactly.

From the rational/economic point of view it makes a difference.

But from the moral point of view the semantic label that is given to each event is irrelevant, the underlying truth of each event is the same - money from the government which you legally don't have to pay back.

In addition, if you think there is a moral obligation to pay back the amount that's labeled a loan - why does it include the condition that it will be canceled after 25 years?

If there is a moral imperative to pay it back, why does it have built in obsolescence?

cba to argue today -  suffice to say that i have good morals, if others choose not to that is their choice

[Jon MW]

...
cba to argue today ...

 

[erse]

If there is a moral imperative to pay it back, why does it have built in obsolescence?

If you can live 25 years (30 in Scotland) on under 15K a year (consider 15k in inflation terms in 10 years).... I think university/you failed enough that they 'let you off'.

The idea behind it all is.... you get a degree, you earn higher than average, you pay the cash back ! Somehow within all that your contribution to society is made.



Also.... it's hard to compare to students of 30 years ago. They'd wear clothes made out of arse hair and quite happily live on tinned food all year.

[boldie]

Also.... it's hard to compare to students of 30 years ago. They'd wear clothes made out of arse hair and quite happily live on tinned food all year.

True dat, Students these days don't eat peanut butter sandwiches for 3 weeks because they wanted to buy themselves something nice...ah, happy days

[boldie]

Is the OP for real?

This is a guy who binked a big score back in November @ DTD, is quite clearly and intelligent kid.

Where do you get off "lending money" and not wanting to pay it back. I cant believe people responded with anything other than pay what you borrowed.

CLassy post

Thank you