https://www.reddit.com/r/politics/comments/48gefn/bernie_sanders_says_the_truth_on_student_loans/
Yes it's Reddit but wtf!!
>>65829906
> It is totally absurd that you can go out right now and get a lower interest rate on a car loan than you would pay on a student loan.
Dear Bernie, that is because with a car loan the client at least has a car that can be used to pay the debt.
With college loan the client might be a berniefag going to liberalarts college and will never be able to pay it back because they don't have many job requirements for "history of transgender minorities microaggresing and misprounouning transgender women from lower classes of society"
>>65829906
Sanders is right on one aspect
The federal government shouldn't be profiting on student loans. Really the Government shouldn't be offering student loans.
His solution is retarded as fuck though.
>You are not a subscribed member of this community. Please respect that by not downvoting.
>>65829906
Why shouldn't there be a higher interest rate on student loans? If I don't pay, are you gonna repo the calculus classes I took? Take my degree?
Also, why does Bernie hate profit so much? all the sanders people I know speak of profit like its the devil waiting in the shadows to rape single moms or some shit.
What is the interest on student loans in the US?
>>65831089
thank you based melania
>>65831509
anywhere between 4.3% and 6.85%
and you can't declare bankruptcy
>>65831711
The 'value' of the asset the loan is for is determined by the LENDER not the borrower. Your women's study degree is fucking worthless, I can recuperate jack fucking shit if you default. With a physical, tangible car,
i can take it back.
god damn, are you really that fucking stupid?
>>65831509
somewhere around 5-7%
>>65831711
Lol that's 2-3x the rate we have here in Norway. That is completely bonkers
>>65831509
>>65831711
People are dumb though. People have so many options like scholarships, grants which are free money
or financial aid, which is like a loan except it doesnt dick you over, you have time to pay it.
Not to mention saving.
post caps
not going
>>65831509
3.5 for gov subsidized (limited total per year) up to like 7%
Probably averages out to like 5%
>>65831334
>safe spaces
>>65829906
>implying im going to click on a link to Reddit
Fuck off back to Ebaumsworld or Anontalk.
>>65831089
Slovenian economics btfo Sanders
>>65832153
Ebaumsworld is based as fuck. One of my homies showed me some funny vids on my Xanga.
>>65831893
Who lends you the money in the US. Is it some state owned corp or just random banks? It's a sad thing when the country does not want to invest in its workers, but i could understand private banks exploiting the situation
>>65831391
Because you can't get rid of the debt. Unlike other loans you can't even bankrupt out.
>>65831334
"Vote based on quality, not opinion"
What the fuck is this place?
Is he so old that he forgets he already posted this same status every week?
Does he repost this one or the single moms are actually heroes not society ruiners more?
>>65831711
>can't declare bankruptcy
That's not true. In certain situations you can. I plan on trying to do this soon; better to ride out a decade of shitty credit than a lifetime of debt.
>>65832356
Its not actually him. He signs his with a "-b"
>>65832243
Federal government. One of the only things they turn a profit on, so if you think they'll let the commie take it away, you're wrong.
It's fucked, but no one makes you do it. I borrowed over 150k for my degree, and make 145k a year, so it was a good investment at this point.
>>65832405
I used to work for a woman who was in her 50s and was STILL paying off a student loan, because she was only paying like $50 a month on it or some shit. And yeah, credit can be rebuilt if you're just patient.
>>65829906
the OP of that thread is definitely a troll just trying to bring attention to this particular Bernie statement.
The account has only posted this thread and then just commented playing the part of a mindless bernie supporter.
>>65831894
Yea thats because we don't subsidize idiots getting 300k liberal arts degrees. We let them drown in their own idiocy.
>>65832511
Sounds like a good investment for you, bit horrible for those who study to work at burgerking etc ( history, english, women studies). I guess now I know why these programs exist
>>65832243
>It's a sad thing when the country does not want to invest in its workers
Well, people with liberal arts degrees don't get jobs, so you can't really call them "workers".
To be frank, I really don't understand why anyone would want to get a student loan if they're that strapped for cash. The only reason I could see for choosing a private/state school over a community college is if you need to eventually get more than a bachelor's degree, such as a doctor or a lawyer. Even then, you're better off spending spending your first two years getting your prerequisites done at a community college. Also, there are many alternatives, as >>65831970 said
>australian flag
Be honest OP, did you make that thread yourself to shitpost? The rabid Bernie supporter in that thread is just way too perfect, spouting every buzzword we associate with Bernie supporters.
>>65831970
>grants and scholarships
Those aren't always accessible senpai, and the ones that are don't cover but a tiny fraction of the total cost. And if you're like me, 29 year old, white male looking to go to college to get a degree, the government doesn't give a shit about you. So if I want to go back and not starve while doing so, a loan is my only option. Unless I want to continue to work and save for another decade, but by then inflation and rising tuition costs will mean that I still can't afford it out of pocket.
>>65833311
Didn't your parents start a college fund for you at least?
Okay, to all those "You just don't understand finance" faggots in regards to car loans vs education loans. Here's why you're literally worse than sanders supporters:
Finance is not law. Interest rates are chosen. It's a system designed by kikes. You think what you are learning in your shitty finance classes at uni are actually economic reality. If you knew anything about critical thinking, you'd understand that finance is literally a pseudo-science. No laws govern the rules. The rule is that loans with a collateral have lower rates, and is done so to keep kike pockets full (higher risk means more money for me, fuck the upcoming generation that will inherit our nation). That does not mean its RIGHT. I know I might be going into to territory that is above your average business faggot's intelligence, but try your best to stay with me. It does not make any rational sense that car loans are cheaper than education if the government has any role in giving incentives to behavior that benefits society. It's a moral, and ethical dilemma. At any rate, stop quoting finance as science you dumb fucking inbred trash. That being said fuck sanders I would never vote for him, you just all need to know how childish and blind you are.
t. trump supporter
>>65833311
What do you plan to get a degree in?
STOP
linking to reddit is poor form
STOP
you need to archive that shit next time OP
STOP
>>65833311
There are tons of solutions is what I'm saying
I saved by going to community college and am going to uni next fall.
My job pays for a ton of tuition and random shit like books etc.
If you dont get much money get financial aid.
>>65833202
I got my liberal arts degree, yeah it lead no where, except I can go to uni now.
I agree about avoiding a loan. Why shoot yourself in the foot?
A bigger problem is that everyone thinks they must go to college to get a good job.
>>65833495
>It does not make any rational sense that car loans are cheaper than education if the government has any role in giving incentives to behavior that benefits society. It's a moral, and ethical dilemma.
Does having more college graduates really benefit society though? College is free in half of South America, after all.
>>65833311
You are 29, pay your own way.
Damned entitled brat.
>>65833410
No. My parents are poor as dirt, and I make 29,000 as a retail manger, which means that I don't qualify for gov't subsidies. If I wanted to qualify for any gov't schooling assistance, I would have to be quit my job and do nothing for a year to qualify.
>>65833651
>There are tons of solutions is what I'm saying
They aren't solutions, because they don't cover the problem of ludicrous tuition costs.
>My job pays for a ton of tuition and random shit like books etc.
That's awesome, but my employer doesn't see eye to eye with yours.
>If you dont get much money get financial aid.
I make too much to qualify. I fall within the "dead zone", where I make enough to live off of my own income, but not enough to be able to afford higher education.
>account is 7 days old
>only posted about this topic, displaying zealous over-enthusiasm, using lots of buzzwords, acting like how /pol/ imagines the typical Bernie supporter
One of you fuckers is trolling, probably OP.
>>65833651
I don't understand this shit. Is community college free with free housing? Does getting a useless degree at college allow you to go to uni for free? Who funds comnunity colleges and how long does it take on average to get a master's degree in say cybernetics if you go to community college?
Here you just apply to universites, get in based on your grades + bullshit pts(having been in the army, taken additional courses, age etc). Uni is pretty much free but you have to pay for your own books and housing. People take out loans, jobs, both or neither to pay for this.
There is no one wasting time on some shit alternative schooling just so that they are magically allowed access at top unis.
>>65834284
>pay the kikes 6%+ interest
Fuck off nigger.
>>65834415
>Is community college free with free housing?
KEK no. Community college is the cheaper alternative to university, though it doesn't have the same quality of education and less weight behind your degree. It still costs around $10,000 a year to attend.
>>65833651
I was half-joking, but at least you got your degree at a community college. I can't think of a single, rational reason for anybody to go to a university for a degree that has zero market demand unless they're rich. I took a comm arts class that was required to graduate, and they were talking about how the "experience" of college is much more important than getting a valuable degree or a job. Depressing.
>>65832346
A hypocritical nightmare.
>>65834970
>10000 a year for community college
>>65829906
The doctors botched that man's tit job
>>65832346
Why is that a bad thing? If you went there and gave your opinion, it would be buried in a flurry of downvotes. It benefits people with controversial opinions to enforce that rule, otherwise the free speech aspect doesn't mean shit because most users have selected a feature to hide your comment if it reaches a negative threshold.
>>65834291
Where are you planning on going to school. Community college isn't dirt cheap, but definitely cheap enough to warrant taking out a loan if you know what you want to do with your degree
>>65834970
what the fuck community college are you going to?
it's like $60 per credit hour here
>>65835134
>>65834970
>$10K
lol no, I'm in MD and classes at CC were at worst $2K a semester.
>>65833158
The banking jew will always take advantage of those who take out bad loans, this is the trend we've seen all the way back to biblical times. The bible specifically mentions Jews with usury all the time.
I have ZERO remorse for 'english' majors, or 'liberal arts' who take out 6 figures to end up making my 6 dollar latte' at starbucks.
>>65829906
The OP is retarded. It doesn't even look like their native language is English. They're all >but muh feels!
Just where can I get a car loan that won't fuck me in the ass I really want a new car
>not paying £9000 a year
>not sucking muhammed's dick
just fuck my country up
>>65831237
This.
I agree with much of Sanders talking points, his solutions are fucking retarded for them though.
>>65835456
>$2k a semester
It costs like $55 per unit here in San Diego, California.
>>65831089
Students loans are the unkillable loan. You can't even escape it through bankruptcy.
You may have an obvious material object to give up to give up on a car loan, but a student loan will persist regardless, forever, until you pay it. On such high interest rates that it's taking some people decades to pay back money that they were only using for about 4-5 years.
>>65833158
And lo, the system works
>>65834970
Underage b& detected. Keep believing your good goy guidance counselor, they definitely aren't taking kickbacks to sustain themselves.
The reason that college costs so fucking much in this country is BECAUSE the government subsidizes loans.
Think about the billions of dollars colleges are guaranteed each year. Yet, if I showed up to take classes my presence would cost nothing extra.
The university can only justify raising their rates when people can afford it, and people only afford it because the government pays for it.
>>65836357
I doubt this to be true. Other countries make this work just fine. It shouldn't be hard to enforce a maximum price for college while at the same time handing out cheap loans.
I am sure private banks would be all over that shit if the gov stops handing out loans
>>65836069
Existing is not the equivalent of collateral, especially in a world where people can have a negative tax interest
Just go to a university and pay for it with your mcjob. How is this non-issue still a thing?
>>65836901
It is true, whether you feel it or not. The same thing happens with soldiers who get free tutition. If the government says the soldiers get up to $40k a year in tuition reimbursement, guess what college is going to cost?
The government will literally give a loan to anyone who applies. Banks have much higher standards for loaning money, like checking credit scores. They would not loan money at the same scale.
>>65831894
Those subsidies for women's studies degrees using your oil money will surely pay off in the long run!
>>65836069
High interest rates because of NO COLLATERAL you dumb nigger. The collateral is the hope that you GET A JOB when you leave college. NOT SIT ON YOUR ASS AT MOMMY AND DADDY'S HOUSE.
>>65837489
Well unlike in America, a person does canbt get rid of their loans except by paying them back. The interest rates pretty much follow inflation so not much is lost if you take a useless degree.
Also noone studies women studies... english and history majors on the other hand... there should be a set max number of people allowed to graduate with these useless majors every year.
I am not saying our system is the best or even that good, but it sure feels a lot simpler and more fair than the US system
>>65836357
>>65836901
It should be noted that colleges themselves also receive a lot of money from the Federal government, and the amount given is based on how much they spend. And administrators really don't care because they know they that there will always be students willing to fit the bill. That's why I'm not surprised that my old university is still building a new music building, renovating the student union, and building fancy new dorms despite the fact that Governor Walker cut our budget.
>>65831334
i saw that shit too and just stared slack-jawed for a second. Its almost surreal seeing something that stupid.
>>65831970
>scholarships, grants which are free money
Not if you're a white male desu.
Remember that most colleges in the states aren't worh attending for free, either.
ironic because he's big government
Paying off my loans and living comfortable as a web designer, get bent
Why don't Democrats ever think rationally? It seems like every dem I meet just follows feelings and arbitrary promises with no understanding of how things work or get financed.
I can't even discuss politics with the bernie supporters because the minute I say I'm Republican I'm labeled a racist fascist
>>65840370
A degree from a well-respected school is definitely an advantage, but I think it depends more on the field. My mom just got her LPN from our backwoods community college, and she could easily get a job that pays a middle-class salary anywhere in the country
>>65840773
Yeah, at least the liberals who come here have the decency to back up their claims with facts and statistics, and they often acknowledge that their party isn't perfect. I was on /b/ the other day, and when I pointed out that every one of FDR's New Deal job and market stimulation programs failed, and that unemployment actually went up, a Bernie supporter "debunked" my claims by calling me a bootlicker who gets revisionist history from Stormfront.
When I asked why a Nazi would be quoting Thomas Sowell, I was met with the argument that I only tolerate minorities who are "lapdogs." Carson was right.
The comments section is glorious. Feels too much like a /pol/ troll though. Please let this be real!
>>65829906
I want to lick their feet
>>65836069
Sorry I don't feel anything for people who sign a contract, take people's money, spend it recklessly and then get mad when they're supposed to pay back what they originally agreed to. It is abundantly clear when you get a student loan what the terms are because I had to sit through them too. Students can go fuck themselves.
>>65841929
My sides
>>65833495
>The government should give people free money bcuz muh feels won't pay for my gender studies
>yet
>>65829906
>>65844605
They are starting to flip boys.... you know what to do
>OMG I LOANED MONEY TO GET AN EDUCATION IN USELESS SHIT AND NOW I CAN'T PAY IT BACK THIS IS NOT MY FAULT EDUCATION SHOULD SENTENCE TO A LIFE IN DEBT THIS IS SO UNFAIR WHY DO RICH PEOPLE GET TO HAVE SO MUCH MONEY THEY DON'T NEED THAT MUCH THEY SHOULD PAY FOR MY COLLEGE THAT'S THE ONLY FAIR SOLUTION TO THIS PROBLEM SO I'LL VOTE FOR A DEMOCRATIC SOCIALIST(TM) WHO WILL GIVE ME FREE SHIT BY INCREASING THE TAX ON ALL CLASS OF CITIZENS AND EMPLOY TARIFFS JUST LIKE THEY HAVE IT IN DENMARK DESPITE THAT COUNTRY BEING MORE ECONOMICALLY FREE THAN US WOW FUCK BANKS THEY SCREWED ME OVER!!!!
>>65845610
Whatever banker shill.
>>65842976
>Sorry I don't feel anything for people who sign a contract, take people's money, spend it recklessly and then get mad when they're supposed to pay back what they originally agreed to.
This is the main point.
They voluntarily signed this contract, no one forced them to do so.
Therefore, unless there was some legal trickery in it that was impossible for them to spot, they have no right to complain.
do dumb people get scholarships for being less intelligent?
>>65829906
Wow, bernie fags getting absolutely blown the fuck out by redditors in that thread
>>65833495
Can you give me a one sentence explanation for what the federal government has to do with car loans?
>Interest rates are chosen
No shit, it's almost like they have a system where they choose the interest rate that will on average net them a profit based on the risk profile of the loan being offered.
>It's a moral, and ethical dilemma.
How so?
>>65831089
Bernie btfo
