AIG uses bailout money to pay employees.

[KSigkid]

Originally Posted by MysticCat

That's exactly what we did.

That's what we did as well. We didn't want to get into a situation where we could lose the house if one of us got sick or something along those lines.

[UGAalum94]

Originally Posted by KSigkid

That's what we did as well. We didn't want to get into a situation where we could lose the house if one of us got sick or something along those lines.

I plan to lose my credit card bills. Oh, wait, it doesn't work like that, does it?

Fortunately my husband and I are both still employed, but there were some layoffs at his employer that have got me thinking.

We're fine on mortgage and cars on one income if it comes to that, but we do have stupid debt for other stuff that would mean it was hard to just continue as we have been. We'd probably be okay if one of us found other, even part time employment and the other were employed full time, but I suspect we'll be more cautious about charging stuff up in the future.

[Munchkin03]

http://ac360.blogs.cnn.com/2009/03/3...comment-653627

A lot of people want the next level of bailouts to include student loans. I don't agree--even though I took them out myself. This girl seems a little whiny to me. I Googled her, and hadn't even heard of her "prestigious private college in New York City."

[KSigkid]

Originally Posted by Munchkin03

http://ac360.blogs.cnn.com/2009/03/3...comment-653627

A lot of people want the next level of bailouts to include student loans. I don't agree--even though I took them out myself. This girl seems a little whiny to me. I Googled her, and hadn't even heard of her "prestigious private college in New York City."

Someone should have told her that, if you're going into any of the media professions (journalist, producer, etc.), you're looking at low pay for at least the first few years of your career. Even as you get increasing responsibility for your own stories and features, it's still a while before you can good money. That goes double for someone like her who incurred such massive student loan debts.

I'm also wondering how the heck she had over $100,000 in student loans after her undergrad. My alma mater wasn't exactly cheap, and I know lots of people who went to expensive schools, and I can't think of a one who has that much in student loan debt.

ETA: I see no way that the government grants loan forgiveness. The closest thing I could see is the expansion of programs that are currently in place for those who go into public service positions.

[Munchkin03]

Originally Posted by KSigkid

I'm also wondering how the heck she had over $100,000 in student loans after her undergrad. My alma mater wasn't exactly cheap, and I know lots of people who went to expensive schools, and I can't think of a one who has that much in student loan debt.

I think she probably got a partial financial aid deal and went with it--that, or she was dead set on going to school in NYC and took out loans for whatever her parents couldn't or wouldn't pay.

[MysticCat]

Originally Posted by Munchkin03

I Googled her, and hadn't even heard of her "prestigious private college in New York City."

It's so prestigious that they don't want you to know about it.

And yeah, I'm having a hard time working up sympathy for her.