Proposed ICBC holds on people with unpaid student loans This seems pretty backwards but is worth a read... Have unpaid student loans? Proposed law wants you to pay up, or risk being denied drivers licence Quote:
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ICBC has always been a collection agency, only thing that's changing is that they now collect for other branches of government and private companies. Soon if you have any overdue book fees at the library you wont be able to renew. Then you will need to that library and pay the fee before you can go back to ICBC to renew.......what a joke. |
Makes sense since the government makes huge coin off student loan interest. This would be a good way to protect their interests. |
While is seems like a crappy way to collect, they need to do SOMETHING to get people to pay up. |
Ugh, I’m of two minds here. Giving government agency’s more power to take from people is not the direction I would like to see us going. A driver licence shouldn't be connected to your child support payments or your student loans. I would rather see less government hands in pockets than more. BUT People not paying student loans eventually means government money being lost. That means I’m paying for someone to go to school, while people like my wife and a majority of others worked hard to pay off their loans. I’m never a fan of people who exploit the system while those who play by the rules get screwed. Unfortunately I lean towards the “serves them right, time to pay it off” camp, although I really wish I wasn't as it gives governments more power. If everyone had to play by the same rules, it would make things easier on everyone, not a select few who decide they don’t have to. In the end, this also points that education here and in North America in general is too damn expensive. |
I'm a little torn here as well, as someone who pays every damm penny he owes back it pisses me off when there are people out there who abuse the system costing those who play by the rules more money. That said I understand not issuing a license for unpaid tickets but I don't know if it's right to hold it back for other debts totally not related. They need a better way to collect the debts I just don't know if this is the right one. |
I'm ok with it, too many people are not paying back student loans and using the money for something besides school why not use ICBC as a scape goat to get the money back. Shit I have to pay bridge tolls in time and if you want to borrow money from our government make arrangement's to pay it back and not say fuck it. |
So... the BC gov't wants student loan money, plus interest, back. That is fair. BUT in order to get people to start paying up, they are taking away your access to a drivers' license and car insurance. In many jobs, especially most trades, a drivers' license is a requirement of employment. To take one away would severely limit one's job qualifications in many vocations. Not to mention makes it difficult for people who don't have much access to transit to even get to work in the first place. So essentially, BC is saying... we want you to work so you can pay us, but we're going to make it harder than it already is to find a job by taking away the one of the most important non-degree credentials one can have AND make it harder for you to commute to a job site... What kind of fail logic is that?! |
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or hey, if you can't afford to pay your student loans, which are a contract you agreed to, and are required to pay. you dont get the privilege of choosing where you spend your money by insuring a car instead of paying the loan. you cant tell the bank you're not paying your mortgage until you feel like it because you want to go traveling instead. grow up, and deal with adult life. |
No joke, when I was at UBC I new people that would take out student loans because they thought the government would forgive their loans after they graduate. I could only smh. :rukidding::failed: |
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But this "plan" is incredibly counterintuitive. Making it harder for people to find work isn't going to help said people scrounge up the money to pay back their loans. It's like you telling me to go catch some fish to feed the both of us and then breaking my fishing rod in half. Is it doable? Yes... but at the end of the day it makes no sense. |
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If you don't have a substantial source of income, the student loan assistance program will allow you to defer your payment while freezing the interest. So if you are unable to pay it you will still be able to renew whatever it is you need with ICBC. There is already infrastructure available to help people with their loans. If you are too lazy to fill out the damn forms, or you just don't want to pay the loans, then you're going to face the consequences. |
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student loans minimum payments are pretty low as it is, plus you can claim a tax credit on the interest. STOP MAKING EXCUSES AND PAY UP! |
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like many here im a little torn.. on one hand.. you spent the money on your education and you owe it.. so pay up? makes sense on the other hand. not everyone may have the same privileges as others. i for example didnt do post secondary as i was on my own working full time since i was 16/17 (not my choice) so if i was to take out a student loan, get my education, maybe find a good job but may find a shitty job that hardly covered living expenses.. well it would be a little difficult to pay back my loan in a time sensitive fashion.. so making it hard to get a licence would only dig the hole deeper. something a LOT of people dont consider is the advantages/disadvantages some may have and also some of the situations people may be put in at no fault of their own with no one to help. im not saying its an excuse. of course people shouldnt wasting money on extravagant things while in debt, thats just silly. but to ask someone to give up many basic comforts/necessities to cover a debt is a little heavy as well. driving a vehicle may be a privileged but its not like its a gift. the whole process is heavily taxed and licenced. with todays average annual driving being approx 30k a year its almost a necessity taking a crutch from a man with a broken leg wont help it heal any faster.. but.. assuming said person has completly ditched the idea of paying back the debt and assumes there is no consequence then of course there needs to be some repercussion |
student loans are consolidated as national/federal loans now aren't they? if that's true the provincial govt. (icbc) couldn't force collection due to separation of powers... suppose i could do a google search, but whatev :P |
If you have debts....man up and own up to it. Don't run and hide finding loopholes. Goin through ICBC is wrong...opens up a can of worms..cell phone and bc hydo companies are next to collect using ICBC? |
How does one "not pay" student loans?? If you're having financial hardships, you can send them proof, and they'll defer your payments or make them on your behalf (not sure about the last one), and this can go on "indefinitely" as long as you continue to provide proof. I didn't even realize it was possible to simply not pay...smh. You can also change your payment plans to reduce the monthly amount, if I recall. The retards I saw in school that treated student loans as free money from the gov't made me question the entire premise of going to post-secondary...the sheer number of fucknuts in university is staggering. |
Federal government writes off almost $300-million more in student loans | National Post This is bound to get alot more of you pissed off. I was fuming when I saw this, I work my ass off to pay back my student loans and I also didnt know that it was an option that you "didnt have to pay" back your loans. Too many people I knew in university got student loans cuz their parents were overseas so it seems like they were low income, and then used the money to mod their cars. |
misuse of student loans is an issue but writing off bad debts/loans isn't I'm on the side that feels the gov't. should pay for post secondary education, like many European, and other, countries do It would only benefit the nation in the long run, and we should be able to afford it as comparable countries can do so + provide many other social programs |
most of the baristas I know don't even have a license so this wont affect them |
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first post ever on rs I wish I could thank more than once |
We used to call them "stereo system and party" loans. That's where most of the $$ went at my university dorm. |
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If it means they reduce the student loan interest rate and put more money back into education, I'm all for it ... But we all know it won't... |
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