Comments by LOST
Posted on March 8 at 4:35 p.m. (Suggest removal)
Zelasko, these employees are victims of the people who chose to live in harms way.
Posted on March 1 at 10:47 p.m. (Suggest removal)
Biwemple, you got a loan without a cosigner. In your case the loaner took the risk. If you died without an estate you would not be here to to pay it back. But we are not talking about loans without cosigners or estates. In this situation the cosigner agreed to pay the loan if the student dies. The cosigner is then the first in line to pay. What is wrong with the cosigner paying? As long as the cosigner has the ability to generate income or has assets they should pay. Why should everyone pay for a loan that was cosigned? It destroys the concept of what cosigning is. We shouldn't pay and this bill should never be.
Posted on February 28 at 8:54 p.m. (Suggest removal)
Biwemple, the cosigner is the credit worthy party who will ensure that the loan will be repaid. That is why they cosign; they agree to take the risk. If the cosigner can't pay then bankrupcy is their option. If they don't want to hurt their credit they will pay the loan off. I bet you responsible cosigners will pay their obligations. If this law comes into existence no cosigner will pay off a loan when a student dies. These predicted losses will be made up by lending institutions with higher rates for everyone who takes one of these loans out. If a person has good credit and wants to take the risk as a cosigner they should be free to do so without an added built in cost of paying for death defaults.
On a similar note: What if the student becomes permanently disabled, should the cosigner get off?
Posted on February 28 at 4:52 p.m. (Suggest removal)
Another stupid feel good law. Schumer should tell us where the money is coming from to pay these loans off or who of us is taking the monetary loss. I feel sorry for the parents loss of their daughter, but cosigners should buy life insurance if they can't afford to take the hit or they should not cosign.
Posted on September 13 at 8:36 p.m. (Suggest removal)
I won't be visiting NYC anymore