What exactly happens to these millennials who graduate college with $80k in student loans, and the best job they can land pays $11 an hour?
I mean let's assume 5% interest. That's over $300 a MONTH just to keep down INTEREST! And if your debt is that high your interest is probably higher than just 5%.
What will these people do? They can't default. They make less than two grand a month BEFORE tax. Are they effectively fucked for life? Should it be considered normal that there's a new slave class in the making?
> Start working part time at 16
> Work while going to college at 18
That's all there is to it.
If you work for 2 years, you won't be at min wage during college, and have more flexibility in hours and shift preference.
Little retards who take out massive debt to be lazy and or party for four years deserve to pay the piper on graduation.
>>69580219
What use I have from hiring 16 years old? What job experience 16 years old can get since he doesnt even have middle education finished yet?
>>69580900
I worked washing dishes for 10/hr at 16.
It's called elbow grease and being responsible.
>>69580900
A 16 year old can flip burgers, bag groceries, wash dishes, and bus tables. These are jobs perfect for that age, and pays like shit.
2 years job experience will set the kid ahead of others at nose interesting jobs at 18.
Why don't these liberal colleges let the students get degrees cheaper? Why do students agree with the political views of the same people who jack up their debt? Seems dubious.
>>69579550
Free univerisities feel good here.
Education is your right? of course right
How do you only earn $11 after graduation unless you have a meme degree like Liberal Arts?
>>69583012
>bag groceries
Never understood this. Are you americans too lazy to bag your own shit? It would never work in Sweden.
>>69580900
My daughter babysits at 16. She is paid £10 per hour or £50 to sleep overnight. She earns around £150 per week. She is sensible and trustworthy. I will pick her up and drop her off whenever she finishes. If she is working the least I can do is help with transport.
We have a local 16 year lad who will sweep the drive, wash the car, clear the hedges, anything that requires a bit of hard work but not much skill. He's that busy you have to book him a couple of weeks in advance.
They both got off their backsides and decided to work instead of sponging off parents like little children. I have lots of respect for this.
It is possible to earn and have good grades.
>>69579550
Don't live beyond your means. Don't go to college if it requires you to go into debt.
The whole reason college degrees are worthless is because people who are too stupid to understand basic economics keep getting them.
>>69584084
Exactly. Fuck those people. You should have gotten a real degree.
>>69584499
It's not bad financial decision making to get in debt to go to school, but only you plan on getting a degree that will land you a high paying job.
>>69580219
Fucking this!
I started working as a grocery bagger at 16. By the time I graduated college I had good enough standing to get an internship at company HQ. Two promotions later and I'm making 52k a year. It's really not that hard if you just work and don't fuck around for 6 years before looking for work.
>>69579550
they vote for Sanders
>>69579550
I'm unemployed and owe about $60,000 in student loans and I graduated five years ago. I don't know what to do.
I started working at 16, taking summer jobs. Then I kept doing it, saving up money so that I didnt have to use so much of the student loan that I kept taking. In norway you get almost 50% of the student loan removed when you pass the exams, so I have a lot of money actually saved up, and little to no debt.
JUST KIDDING. I have been playing games and not giving a fuck each summer. I have perhaps 80k dollaroos in debt and in some months I will have a job that will let me pay all that down in less than two years. lmao
>>69584206
it speeds up the process requiring less wait in line and less lines to be open. Also if some one is old or handicapped it doesn't create a bottle neck. cuck
>>69582067
Yes but more and more businesses are hiring older fuck ups to do menial jobs. The era of the 16 year old employee is over.
>>69584712
> it's not a bad financial decision
> if you do it for a promise that literally can't be kept
That makes it a bad financial decision.
>>69584382
>paid 50 eurocoins to stay over night
Hate to tell you Mohammad but your daughter is doing more than babysitting
>>69585298
Lol I'm $60000 in debt but that's just because I bought a big ass pickup truck.
How does it feel not having anything to show for your debt?
>>69585775
if you aren't persistent and for some reason believe you are worth something without proving it
When I had no experience and was living out of my parents house I was sending out at least ten resumes a day to anything and everything I could find. Craigslist was my bitch. Got a random job answering phones at a swim school for 9 bucks, 2 months later I was making 13 bucks teaching kids because I swam competitively all my life, 6 months later I was making 15. Shit sucks when you can't find a job, but that's the system keep working it.
>tfw you never had a job before and get a comfy state job at 18 starting at 11.50/hr with buku benefits
>19 now and pretty much have a set career that I can easily be making 45-50k/yr by the time im 23 with no college or debt.
>>69586201
I don't understand why people don't get into trades.
I get to sit in a work van half the day, and fuck around in some bodies basement the other half and I make 30 or 40k a year and I dropped out.
>>69584206
Our grocery stores are very different from European stores. The supermarkets here are usually serving 100 customers at a time. So there are like 5-7 registers open. We need them here to keep the lines down, sometimes the lines are 4-5 people deep. Like the other Anon said, if an old woman got in there, it would fuck everything up.
We also don't even get the choice, the bags are on the other side of the counter, and we don't even really have a choice either way
Pic related, this is a Costco, they're fucking massive an have hundreds of customers shopping at any given time
>>69585936
So predictable.
I'm guessing you're either sitting at home like a child or up to your eyes in debt fucking around at college or university?
It's not euorcoins, it's pounds sterling (which is worth more) and £50 is the going rate to look after a couple of kids overnight. Do you honestly think I'd let her go anywhere overnight unless I knew the people.
> average college graduate
> doesn't network
> doesn't pursue extracurricular activities
> doesn't update resume
> doesn't pursue a lucrative degree
> has no work experience whatsoever
How am I supposed to have sympathy for these people?
>>69586474
I can promise you she is banging the father Mohammad. I'm sorry for your loss.
Also no I'm shitposting on the Internet because my crew is on the way to a job site and I have nothing better to do.
>>69584570
>He fell for the STEM meme
>>69584822
But even if Sanders gets elected he can't remove existing debt, that would be criminal
>>69579550
maybe they shouldn't go to college
>>69585936
bearl harber :DDDD
ebin
>>69586400
In the USA, external forces (i.e. the government) has pretty much made the trades and trade schools become taboo, and try to push the college degree. I have my suspicions that it's due to how overwhelmingly one-sided teachers vote, and the continued deviant lovemaking between government and education has done nothing by raise the cost of education to stupid levels without any notable rise in other factors.
>>69586087
How does it feel knowing you could've gotten a good quality used one for 5-10,000? All you need to do is figure out how to work on cars a bit and you'd be good to go.
>>69579550
How the fuck do people get into this kind of debt without trying? Do they even attempt to find scholarships and apply for financial aid or do they just fuck around and waste money? I'm about to graduate with $0 in debt and I find it amazing how they fuck up so badly. I didn't work while going to school, I just applied for financial aid and commuted an hour and a half so I wouldn't have to live on campus for an extra 4-8k+.
Hell if I know. I live in Georgia where the HOPE scholarship that everyone can get pays for everything if you get a good enough SAT and maintain a 3.8. Hell even if you just keep a 3.0 it pays for about half of what a community college costs.
And it's all paid for through the lottery with not a single dollar coming from taxes. Add up all the other scholarships that are avaible I get paid to go to undergrad.
>>69586792
How much do trades make in glorious America?
I want to move to Texas and do refrigeration or something but I'm not working for less than $30/hr with a ticket.
why do you western fucks take out student loans? where does all that money go, fucking parties and newest apple products?
I guess some of you need to pay rent and shit if you're far from you families, but really.. something is not right here
LOL $80k dept and still underage
>>69580900
That's wen most people here start an apprenticeship for their desired trade. Usually you get around CHF 500 in the first year and 100 bucks more each following year (might be more nowadays).
>>69586830
I have zero mechanical knowledge and I'd rather have a new one to pick bitches up in.
I think I'd rather just pay to finance it and get warranty than to have to spend hours and effort on fixing the tucking thing.
>>69586646
> STEM meme
It's only a meme if you choose the wrong major. Software engineers/IT specialists make bank.
>>69586943
~50k from what I can tell. If you own the business, likely more. So it'll be less than $30/hr, but depending on where you live in the USA, the cost of living can either be low as fuck so that 60k per year is actually a lot of money.
>>69580900
>What use I have from hiring 16 years old?
None, when there's an endless supply of Mexicans who you can easily pay under the table.
That's the problem.
>>69587138
And Chemistry majors make nothing, unless you're a Ph.D that has multiple patents.
>>69584499
My dad always gave me the advice that you should live beneath your means.
That way you can save your income for retirement
>>69586699
1% pays for it.
>>69586851
Oh look, you answered your own question.
In fact, the answer to most questions about why people go into debt is fucking around and wasting their money instead of using it a smart and worthwhile manner.
>>69587289
>low as fuck
That's true.
Here in Alberta a bottle of liquor costs $20 for cheap shit and it's and but half a million for an average house.
USA is like $9 for a cheap bottle and 100 thousand for a standard house.
>>69584382
>She is paid £10 per hour or £50 to sleep overnight
kek
>>69586400
This is my backup plan if the tech sector gets too oversaturated.
>>69579550
they get a job for more than the strawman 11/hr fake figure you pulled out of your ass
>>69586943
Depends on where you live
In the South its more or less >>69587289
In the North, especially in close proximity to urban areas you can make mucho dinero
My uncle works in a trade in Massachusetts and he can afford a 4-5 bedroom house
>>69587512
Mohammad there should send his daughter over to my place.
I'll pay 50 euro coins for her to babysit my imaginary children :^)
They shouldn't have got $80k of student loans in the first place. These fags think they have to start off at the very best college from the first year.
>>69579550
Maybe the banks shouldn't give them those student loans, given how toxic these debts are. I wonder if it is a financial crisis in the making.
>>69580900
>needing work experience to get work experience
retard
>>69587636
>collegecuck detected
That's the point, start mowing baby boomers lawns on the weekends if money's tight after going to a worthless progressive run college for an 11$/ hour job.
HVAC 2 year tech schools can make 70k a year and if they have an electricans license it'll be 90k. Then add in volunteer firefighter benfits and hard working rednecks are ass fucking cuck Carl at the game of life.
>>69587929
>banks shouldn't be able to give out loans
Maybe these people shouldn't be retards and take out a 50 thousand plus loan to take a fucking arts degree.
>>69580219
I'm Danish. Fuck working at 16 to pay for college, I'd rather get paid to go to college! BWAHAHA
>>69585763
>>69586462
Furthermore, it's a position that was started--and by large, still exists--*just* to employ someone.
>>69588075
You misunderstand me. I don't give a fuck about what happens to those retards with loans. I am concerned about what will happen to all of us when the banks finally realise they are not getting those money back.
>>69586942
Hell yeah! HOPE and Georgia!
I went to Southern Poly and was HOPE eligible the entire time. I had a part time job bussing tables which paid for books, supplies, has, and booze.
Graduated with no debt and a Bachelors of Science.
>>69579550
I know people that make 60k a year but have to live with parents because of the loan burden.
My cousin is getting hired for 50k at a company in saint Luis that does not provide healthcare or any other benefits because they know thanks to Obama care he will be happy to stay on mom and dads plan for 3-4 more years.
Liberals are killing America one dollar at a time
>>69588421
Well this is why we should give repo men more rights to take shit from these retards. Also start garnishing wages.
>>69588056
I am not an HVAC tech but I work with about 6 of them so I know a bit about the trade. Learn hydronics if you want the most money, learn controls if you want the least amount of work.
We got one guy that does controls and he just sits in front of a computer all day. Sometimes he will go out and manually fuck with a panel or the like. Must be nice.
> be me
> start small biz
> investor I had lined up to fund second half of biz dies because he's old
> son of investor backs out
> move back into parents house at 26 years old
> loser
> walking by local community college, noticed the college was have a free bbq for potential students
> im poor so I say fuck it, guess ill be sociable for a short time for some free food
> end up talking to an HVAC instructor for the college. I like what he has to say and since I have nothing else going on I join the Program offered.
> get part time job selling electronics on ebay thx to craigslist
> finish program in less than a year with multiple certifications and the EPA license for my state.
> land job with local union, currently making 25/hr with full benefits and pension, only my first year in
> sitting in company truck shitposting on an African origami forum
>>69585661
I love threads like these because the Americans try to justify why they aren't getting cucked by their government, and that the Nordic system is broken.
I'm originally from Denmark. I get free university, and I get a stipend just for attending. Sounds better they becoming a child-worker in an attempt to avoid being enslaved by debt for 20 years.
But... but... the internet said more taxes = bad :(
Do you guys not realise you're paying more for shit regardless.
>>69582067
Me too; washed dishes a few nights a week in high school.
But today you can literally hire an adult with a business degree to do that work.
>>69588852
>le Nordic system will work in the United States
Stop stop stop fucking stop it stop with this ignorant fuck all statement
I looked through the entire thread and did not see a single response for how to actually solve the problem of crushing student loan debt. Only victim blaming and shitheaded arguments about not going into debt into the first place. Never change, /pol/.
OP, the simple answer is that those student loans aren't getting paid back. Ever. Shit's gone.
A possible way to forgive this debt is to require that students pay back a minimum amount of their debt required to keep lending institutions functioning. The repayment period would be something like 10-15 years, but not an unreasonable length. Another way to deal with this debt is through bankruptcy, where your credit is fucked for 10 years but at least you can live and contribute to the economy.
One thing that MUST change is hiring practices in the US. Businesses should be given incentives to hire native people and discouraged for outsourcing their workforce.
>>69586201
>but that's the system keep working it.
Are you americucks to scared to question the system?
>>69586851
Dunno, mate. I went to an in-state school and had a few small scholarships. All that was left to pay was about 10k a year, which my parents were nice enough to step in for.
And I'm a FUCKING WHITE MALE, 2/3rds of the scholarships out there weren't even open for me to apply to.
>>69579550
That's why I did army with a technical MOS, got out with certificatons and zero college debt and get paid $61k a year to sit and watch for emails and network segments to go down.
If you've got over $20k debt and aren't some kind of prodigy with an advanced degree in a very lucrative field, you're fucking retarded
>>69584570
>>69584084
>I haven't graduated from college yet.
I got a science degree. I also wasn't a richfag who could pay for school AND save up enough to move anywhere they wanted after graduation. So it's back to the ol' hometown with 21% unemployment.
> Get job at hospital. Pays $11.50
> Get job as RA (neuroscience major, specializing in modeling). Pays $13 in NYC.
You do realize that PhDs doing research at top tier places like Brookings have to live in DC or New York on $18-22 and hour right? The market is saturated in most fields.
>hurrr durr do a meme field
Why, so it can become over-saturated in 5 years right as you get into the workforce? Does anyone remember le teachers shortage?
>>69589266
exactly, you're only supposed to accumulate this debt if you know that you'll be working in a field where you can pay it off. We're supposed to feel bad for idiots
>>69584382
>£50 to sleep overnight
That time anon found out his daughter was a prosty.
>>69579550
If you take out a student loan you are a retard. Don't go to college if you can't afford it.
>tfw my rich grandmother is paying for my college
Feels good man
>>69588852
Man, I'd sure love to pay for some moron's liberal arts degree, especially when other countries call us cucks.
Why should people that manage to be successful have to pay for the fuckups that aren't?
Moreover, every time the U.S. Government increases the amount of money in grants, tuition rises. What would make you think they'd suddenly become honest when given a blank check?
Further still, a lot of time in said colleges are spent teaching shit that people should've learned in high school, wouldn't it be more prudent to reform our K-12 system?
Finally
>Dude, people with college degrees can't get employed! We need more college grads!
It just pushes more degree inflation, and soon enough people will stay for more than bachelor's degrees.
>>69589137
>I jumped into this well, /pol/ give suggestions how to get out
>/pol/: maybe you shouldn't jump into wells?
>OH WOW THAT'S NOT A SOLUTION, NICE VICTIM BLAMING SHITLORDS
Is there a way to short the college loan bubble?
>>69579550
Poor people shouldn't go to college anyway. If you can't get a free ride from scholarships and your parents can't pay for it you shouldn't go to college.
sorry/not sorry. When you sign your adult signature, willingly, voluntarily, being of sound mind and body, to a contract from a financial lender, who agrees on your say-so to let you use their money for a while, a contract which indebts you for thousands and thousands of dollars...
its YOUR responsibility.
>but I can't pay it back so I shouldn't have to
>wait, aren't they making college free soon, so I won't have to owe this?
>college debt forgiveness activism!
"Of sound mind" might be the loophole....
>>69584382
>tfw you realise you are pimping out your own daughter
>>69587023
>be american
>pay for college, will be 80k in debt
>wow so expensive! I guess my money is going towards a good education though
>nahfuckthat.jpeg
>my college gave Tyga 90k to rap
>my college donates 1million dollars to Hillary
>sur-... surely I get compensated too right?
>no fuck you, here's your $200 bill for that latest edition textbook the professor wrote and has told blackmailed you into buying because he's changed a few questions around and you won't pass the course without them.
>>69589137
I think that was the real motivation for cutting the banks out of the student loan game. The Feds realized there would be a default crises, and didn't want to have the optics of bailing them out again. Of course, they keep all they made before they changed things in the ACA.
Everyone going:
>hurrr, they got a liberal arts degree, I will be fine
doesn't seem to get how the economy works. If $1 trillion in debt goes mostly bad, it's going to fuck up everyone. It won't matter if you're a computer software engineer if unemployment hits 20% and the markets tank.
>>69589944
America fucking destroyed.
>>69589710
People spend billions aggressively marketing to young, impressionable people who don't yet know how the world works.
/pol/ calls this a well.
Nice mischaracterization, bro. Simplification of complex problems doesn't preserve the original argument.
BUT MUH...MUH UPWARD MOBILITY!
>>69589948
This, lol I'm going into my last year for comp sci and math. This is one of the first years where recruiters never hired anyone out of the third year. Chances are shits just going to keep getting worse since more and more kids are doing STEM degrees.
>>69587929
The government nationalized student loans, taking away what banks used to do, but also charge almost no interest
>>69589719
Not really. They aren't grouped into bonds like mortgages, and one of the things slipped into Obamacare cut banks out of the federal lending side of things (most of the student lending) so you can't even short them.
I suppose you could short the dollar, because if the U.S. govt realizes massive losses on student loans it might need to start borrowing more/printing more.
I bet the banks will eventually make synthetic products to bet on student loans though. It only makes sense. Then we can end up with $3 trillion more debt!
>>69590145
>Someone told me to jump into this well
>/pol/ why did you believe him? You can see how deep it is!
>OH WOW KEEP BLAMING ME LIKE I'M RESPONSIBLE FOR MY OWN ACTIONS
>>69586943
My brother who is a former pill dealer with 2 dwis is gonna have a $50-80k year job fixing railcars from graduating jobcorps
The college meme needs to die. It's disgusting.
You're funneled into it straight out of highschool, every single person in your life basically assumes you'll go and if you don't you're looked down on. "Just take out a loan, it's what everyone else does!"
You could work in trades (electricians, plumbers etc get a shitload of money) you could self educate and enter the tech sector, you could start your own business, etc. There are so many options. Granted trying to work your way up from minimum wage is also a meme, people don't promote up from within anymore they just hire memers from outside the company and then force you to train your boss.
Your average college student is a meme. When their loan checks come in, what do they do? Buy ipads, new computers, steak dinners. I listened to Jose (actually his name) tell me how tough it is to be a poor college student as he scrolled around on his brand new ipad while still in bed at noon on a Friday
>>69587479
>100 for a standard house
>USA
>>69589948
As an interconnected system, if one part of the economy fails, it affects the rest.
It doesn't matter how many programs you write if no one can pay for them, /pol/. You will be unemployed and posting on a Samoan woodcarving forum.
>If 1 trillion in debt goes mostly bad, it's going to fuck everyone up.
This - it will be another sub-prime mortgage crisis, but worse and for longer.
I don't even know if a Ph.D. in chemistry will help (in grad school now).
>wahh I spent twenty years in school wahh I just found out the real world isn't fair wahh wahhh im """"""overqualified""""""
REEEEEEEEEEE
>>69590617
People also don't realize that they can go to community college their first two years of college to keep costs low. Even without financial aid I only had to pay $800 a semester with it, as opposed to people who went straight to a university after high school and immediately took out loans.
>>69586543
I did the exact opposite of all that shit and I got out with 0 debt and my choice of jobs waiting for me because I made connections and did way more than the standards and basics. Something I still continue to this day in my career.
>Advice: do the above and never rest on your laurels. Keep striving to be better. Also be a fucking team player and teach and learn from your colleagues and coworkers at all times.
>>69590617
Frankly I'm surprised how long the college system has worked.
>Pumping out lots of trained grads in the hopes that there will be positions of them to fill
I mean, what's happening is a natural consequence. The job market is overcrowded with grads, leading to wage depression and unemployment in every field.
>mfw working on glorious STEM degree
>already making $12/hr at an educational internship
>will only owe 20k at graduation
Feels good
Student loan debt is automatically deducted from social security.
The system pays for itself!
>>69589098
Desperate attempt to shelter his ego. Can't even begin to explain why being 80k in debt is somehow better than being paid to go to university and coming out with a small interest free debt which was used to cover living expenses.
Keep laughing non-Americans. If we go, we'll take you all with us, just like last time!
>mfw the ten year t-note loses its value
>mfw that's what every nation on earth is holding
It's like we planted financial nuclear bombs in all your treasuries.
>>69580900
You could tutor maths and shit, it's pretty desu senpai. I've done it for 3 years since I was 16. Not very good work experience but the pay is ok
>>69579550
The government has debt forgiveness programs.
>>69583917
>>69591478
They're shit, though. Check 'em out.
>>69591644
sounds like you already did.
>>69585775
Especially cause the older fuckups will stay in the job for more than 3 months.
>>69591478
>work for a decade in government and pay the minimums and we will forgive your loan
>governments all on hiring freezes
>even if you manage to get a government job, you might get laid off 8 years in and now you've allowed interest to rack up on your principal.
hmm
>>69587350
LOL
Then living the majority of your life becomes living FOR retirement, when you're too old and tired and sick to do anything of interest anyway
>go to community college to learn welding
>Getting paid £15/hr ($21)
>Only first year, wages increase massively afterwards
>Having a trade allows me to easily work across all of Europe and the Anglosphere in about 5yrs
wew
>>69580219
It's true, but when they made this decision to go to school they were children and were lied to by parents/school councilors/teachers about the value of a degree.
By the time they have to apply for a real job they're already fucked.
>>69592338
>30 years old
>tired and sick
>>69580219
>If you work for 2 years, you won't be at min wage during college, and have more flexibility in hours and shift preference.
What? Are you a unionized gibmedat? Normal unskilled labour jobs don't start handing out raises just because you've been there for 2 years.
If you're the best person there, they'll ask you to train all the new people they hire so they're close to being as good as you are. If you fail, then you deserve your minimum wage. If you succeed, they have an infinite supply of people as good as you, so you're expendable.
Get a load of this union commie.
>>69589801
Poor people can go to college, if they earn it by scholarships.
But some people think that they shouldn't have to earn it.
>>69589710
That really isn't a solution idiot
>>69589888
If you must be cynical about this, then take note that a student body saddled with debt they may never repay with burden the economy have lower already small birth rates. Also a sense of abandonment and disillusionment will leave them detached or apathetic to the politics of the country. Good luck with that
I'm 24 and haven't fucked around with collge.
Worked part time, shit jobs, seasonal jobs, bugth stupid shit.
Making $15, 10hrs a day, avg $48k... I don't feel like I'm making enough for the life I want to live.
I could of been making 100k as an electrical engineer, I feel like I'm missing out. But then I see this, Its just stupid kids getting bullshit luxury degrees.
The is jobs like trucking that pay a decent amoount, or joining a the military as an officer wth secures an above average income.
>tfw trust fund baby
>tfw 26 and havent worked a day in my life
>tfw I am well aware of the money that I have is finite and will eventually run out
>tried to apply for jobs like at convenience stores, general stores, toy stores etc and never got hired
>>69593070
>That really isn't a solution idiot
If unemployed college grads consider themselves "too good" for trades, then there's no helping them.
>Also a sense of abandonment and disillusionment will leave them detached or apathetic to the politics of the country.
Entitled shits not voting? Sounds good to me.
>>69592715
Don't be a moron. If you're a cashier at, say, Wal-Greens for 2 years, you'll have 2 raises and vacation/shift priority over anyone who started after you.
>>69583917
>Education is your right?
No. Not in the sense that it should be given to you. You have a right to educate yourself. You do not have a right to have the rest of us pay for it.
>>69593441
A trade school education would pay for an acceptable life, but not the crushing debt that must be paid back. NOT a solution.
Entitled shits not voting means more anti-competitive and corporate-only socialism bills being passed. Enjoy your stay in the United States of Coca Cola.
>>69593368
Your best bet is to learn a trade or vocational skill.
Here in the UK it doesn't cost me anything to learn >>69592346
But you'll leave without being the bank's bitchboi and a trade is far more flexible.
>>69586943
Im a journeyman wireman in the IBEW and i make 38 bucks an hour on the check. Plus 40000 dollars in fringe benefits. Pensions healthcare everything. Foremen make about 43 bucks an hour. Last year i made about 80,000 dollars
>>69593734
>A trade school education would pay for an acceptable life
Sorry it won't pay for a trendy apartment in an affluent city, them's the breaks.
>but not the crushing debt that must be paid back.
This delusion.
>Entitled shits not voting means more anti-competitive and corporate-only socialism bills being passed.
Like how those same entitled shits voted in Obama and a Dem congress and put a stop to that nonsense, right?
>Physics degree
>zero job offers
>$30k debt
inb4 a bunch of people who didn't go to college tell me what I did wrong
>>69594103
What did you seriously expect to do with only a Bachelor's in Physics?
>>69594103
Have you had any time in industry?
>>69593441
>If unemployed college grads consider themselves "too good" for trades, then there's no helping them.
It doesnt fucking matter. If the reply is "You should have done something else" That is not a solution. That is prevention, not a cure.
>Entitled shits not voting? Sounds good to me.
More like succumbing to extreme populism with no sense of nationalism. They will vote for themselves and only themselves. After all why should they care about the country, if it doesn't care about them ?
>>69589387
This, everyone you see going "duurrr study xyz and it'll be fine faggot" is not out of school yet or a boomer. I work in the career assistance office (yay liberal arts, I studied English, bitches) of a large, well-regarded state school and the STEM tears are GLORIOUS. Every day I talk to a dozen or so kids who are just flabbergasted that their bachelor's in computer science won't land them a 75k starting job fresh out of school.
The system is broken, unlimited loan funding with no viable bankruptcy provisions has created a world where colleges piss away money on incredibly wasteful shit with zero accountability. The majority of our programs could be reduced to a reading list and written test/final project and it'd save everybody MILLIONS.
>get grad degree outside of hard sciences
>low debt because I used grants on tuition expenses only
>high credit rating for paying off a bunch of little loans fairly quickly
>live in the upper midwest where everything is dirt cheap, peaceful, and lily white
>get small loans with 2% interest
>have money backed up for rainy days
>love my work even though it doesn't pay a lot
>utterly content with life
>mfw I can beat Shlomo Shekelberg at his own game
>>69594430
>state school
There's your problem. Employers don't want retards from bumfuck state university.
>>69594178
I can't even work as a highschool physics teacher. I expected to have more potential jobs when I finished, not less.
>>69594278
I have worked as a lab tech for minimum wage for a year, and I did research in my uni's semiconductor lab for 2 years.
>>69594384
>It doesnt fucking matter. If the reply is "You should have done something else" That is not a solution. That is prevention, not a cure.
I just said trades are a cure idiot.
>They will vote for themselves and only themselves. After all why should they care about the country, if it doesn't care about them ?
This is the natural state of voters. Nothing would change.
>>69585298
There's only one way to file bankruptcy on student loans: suicide. Call the media and say you're protesting in front of the HQ for your student loan people. While the media is interviewing you say "I just can't handle this debt load anymore. There's only one way out." and kill yourself live on TV.
>>69594560
Why would you expect to be able to be a teacher despite never completing the teaching qualification program? Fucking retard.
>>69593781
My ambitions are too high to settle for a trade, I would feel empty, without purpose...I feel every one thinks this way.
Every one wants to be a famos painter, writer, comedian, artist, CEO, video games design, investor doctor, chemist... Making 300k+.
And enter a job market, too saturated or non existent without connections. I blame the media and universities for getting peoples hopes up.
>I can't find a job after college
lol should have done STEM
>I did STEM but can't find a job
lol should have networked
>I networked with more profs than I can count, lots with industry connections
lol should have gone to a better school
>I went to a private school, top 10 in the country
How dumb are you lmao you should have just learned welding
>>69594560
It's too late now but you shouldn't have signed up for a degree, especially in physics, that didn't feature mandatory university-organized industry experience.
You could always move to cuckistan - the government will literally pay you to become a teacher and physics teachers are especialy welcomed.
I wouldn't recommend it though - we have no guns and no free expression.
I did a physics undergrad myself with a masters in nuclear reactors and I had a job with EDF before I graduated because of the mandatory internship but teaching has always been my backup strat.
>>69594633
The original post I replied to was "Maybe you should have landed in a well." That wasn't a solution idiot. Changing what you said after that doesn't change the content original post i was replying to. Idiot
>This is the natural state of voters. Nothing would change.
No it isn't, A strong middle class is able to decide the country's ideology as it is less reliant on self-interest. That is why the decay of American politics coincides with the decay of its middle class, where politics simply becomes the have nots and the haves
>>69594849
If you went to top private school and you couldn't get a job you deserved you retard.
I went to a fairly expensive private school. I ended up with a huge debt and high loan payments. When I first got out of school I took a shit job making min wage. I also continued to work a night job I had had during the summers while in college.
I worked my way up to supervisor at both jobs, and saved every penny I could by being cheap as fuck (no kids, shitty used car). I'm 27 now and have a real job that I make decent money at. I pay my loans back ($600-700 per month), pay for an apartment, cable, internet, cell phone, insurance, etc and still save money every month. I make about $19/hour now.
People who rack up THAT much student loan debt (by choice... community college and state schools are extremely affordable) and then complain about not being able to pay it back are lazy and/or wasteful.
>>69584206
Its almost like you dislike service
>>69594526
Hahaha always excuses with these people, it's comforting to know the majority of them will be cucked by H1B poo in loos in 5 years.
Protip: employers don't want AMERICANS, because they expect Western standards of living, which require dramatically higher wages. It's cool though, don't agitate for change, just casually murder the country with debt and get real salty when Jamal stabs you in a bread line.
>>69594103
>juana williamson
>>69595006
It's not like economists were predicting problems with unemployed grads years ago, definitely not.
Also, you asked for a solution, you have a solution now, eat shit.
>No it isn't, A strong middle class is able to decide the country's ideology as it is less reliant on self-interest. That is why the decay of American politics coincides with the decay of its middle class
1. If you think the middle class is not voting in their own self-interest, you're an absolute moron or one hell of an optimist.
2. Even our riots now are nothing compared to historic political crises in this country. Even at times when our Middle Class was flourishing.
3.Politics has ALWAYS been between the have nots and haves, even the founding fathers of the U.S. were all "haves". Any governmental system is inherently oligarchic.
So what will happen when all of the former students can never pay back their loans?
>>69585298
How'd you pull $60k in leaf country? I went to SFU and it cost me a bit under $30k total, and I made roughly that much doing internships and research grants. (Had I worked 10-15 hours a week the whole time I think that would've also covered the cost.)
I guess you were living on your own and not working?
>>69595327
>this much sour grapes
>>69585298
Isn't that only $20 USD?
>>69589944
My college spent hundreds of thousands in napping pods. Fucking napping pods.
>>69594847
>I blame the media and universities for getting peoples hopes up.
I blame your unrealistic expectations of life.
>>69580219
Implying there are jobs for every college student when there aren't even enough jobs for non college students.
>>69595502
Financial crisis, and then the U.S. Government "gives" money to the debtors (printed en masse by the fed)
Then comes inflation, recession(more likely depression), unemployment, riots, and if we're lucky, entire governmental collapse.
Though that's assuming the U.S. Government doesn't default on their loans before the bubble bursts, so that's an optimistic outlook.
It's a much worse scenario if they default before student loans collapse.
>>69593643
Oh right. I forgot Americans start at $7.25/hr. I guess they might give you pity raises so you can buy food. Up here unskilled jobs start at $10.50 and stay there unless you get promoted to management. If you try to negotiate, they'll tell you it's against company policy.
>>69590725
A standard house in a fly over state maybe.
>And then I told them, "hard work would be rewarded!"
>>69579550
I'll be graduating with $7k which is something I can pay off on fucking minimum wage. People need to plan better.
>>69594103
Go into finance you dumb nigger. Take an actuary exam or something; they're easy as shit.
>>69596077
As if a typical FAILsycist (LOL) is good enough to be an actuary. FAILsics is a lame degree for people too stupid for engineering and mathematics.
>>69579550
This is what happens when you get government involved in the economy. Wherever they try to help, they just make shit worse.
Proof: My dad worked part time when he went to college, and graduated with under 3k of debt. He graduated in the mid 80's, when minimum wage was $3.35/hr, which is only worth about $6.50-7.00/hr in today's money. So let's double all the figures, for simplicity. Would you have a problem with under 6k of debt making $6.70/hr?
Get the government out of the college loans program, and allow kids to declare bankruptcy.
>>69595884
What is life like in Canada?
I am thinking about emigrating from Cuckistan in a few years
>>69596292
>engineering
>smart people
Lel, they just regurgitate formulas all day. Also, like half of physics majors also major in mathematics. Any good physics student can handle baby statistics.
>>69596370
US Citizen, but I can tell you that it really depends where you go. Where in Canada are you thinking about emigrating to?
>>69593643
>bottom tier employment
>raises
HAHAHAHAHAHAHAHAHA
I worked at wendys for 2 years and literally no one got a raise while I was there.
>>69579550
I have just over $20,000 in school loans. I got a job paying $55,000 a year. Was it worth it?
>>69596543
I worked at KFC, and got a raise every 6 months. Granted, this was back in 2003.
I'm getting old.
Feels good living in Norway.
>no tuition for law school, medical school, STEM, or, well, anything
>get $1k a month (except June and July) plus aprox $3k twice a year to cover living expenses
>40 % of loan is deleted if you complete the year with passing grades
>less than 2 % interest and shrinking
>you can bind your interest for 10 years if it hits an all time low (stupid as of now, but might be worth it in 2-3 years)
>interest not running until 6 months after graduation/leaving
>no problem getting an extension
>30 years to pay back
>Work in the rural north and the government gradually deletes the loan
>>69579550
its almost like college isnt for everyone!
>>69596596
Doing way better than the people in this thread with twice as much debt and no job prospects whatsoever.
>>69596543
That's because all of you suck. I could have easily worked my way up into management at a local restaurant if all I wanted was money. It's decent pay too.
>>69592484
>retiring at 30
>normal
>>69589137
>victim blaming
Post disregarded.
>>69596510
British Columbia, having a look at Vancouver Island
>>69596732
>Just go in and give the boss a firm handshake, look him in the eye, and say that you want his job!
>>69596543
Every Wendy's I've ever been to was staffed by incompetent fucks that managed to fuck up the simplest of orders.
>>69596714
What are non-degree holders supposed to do, anon? Sell drugs?
>>69596917
It's about confidence and persuasion. I've seen literal stoners and drug dealers get promoted because they appeared to know what they were doing.
>>69596987
Learn welding like everyone else.
>>69596987
well at the very worst you could either be jobless with no debt or jobless with debt
>>69596927
You, too? Every now and then, I get hot and fresh food, and everything is right. Restaurant would be my all-time favorite if they could just do that, but they almost never do.
Last time I went was in October. It took them over half an hour just to take my order. They weren't busy or anything, and there were plenty of staffers on hand, and it STILL took that long just to get my order taken. Took another 20 minutes to get the food for me and my wife.
And it was fucking cold (even the fries), and the order was wrong.
I don't know how they manage to stay in business.
>>69596987
Skilled trade apprenticeship.
They should do what I did.
Take out a loan for 5k from one of those quick loan / EZ loan places by forging pay stubs from a made up business (there are websites for this)
Now you split up the 5k into 250$ increments and give them to Bernie Sanders
Why?
He's going to FORGIVE college debt! So with that 5k, I just saved 115k of college loans.
Plus, now i'm COLLEGE EDUCATED and we all know, how smart everyone at college compared to high school kids. So it's just a matter of time until I make it for real and YOU can TO. But only if you ready to feel the BERN
>>69596732
Management at wendys was hell.
Sure they make a bit more money than the regular employees, but if you do the math they were making less than minimum wage because of how much they had to work.
>>69596927
I can assure you I did my job well, my regular customers were sad/disappointed when I told them i was quitting.
>>69579550
im sorry but if you cant work for a few years making and saving a fuck ton of money before choosing to quit and go back to pursuing life, then you simply arent trying hard enough and dont have a plan looking forward
>>69589710
The OP wasn't
> I jumped into this well, /pol/ help me out
It was
> All these millennials are jumping into wells, what are we going to do about the smell?
>>69595488
I didnt ask for a solution. I just said your metaphor didn't offer a solution. Learn to read idiot
>1
No, with the middle class, the population as a whole will have a balance of self interests with all 3 classes
>2
The increasing political divide and unwillingness to compromise is all new high
>3
Nope. Social issues like abortion and gun rights transcend that divide
>>69586943
I make 50k doing concrete. Doesn't require even an 8th grade education. However I graduated with a double major in accounting and economics at uni
>>69579550
mass default on the horizon
is it bad that I enjoy seeing so many millennials crash and burn?
>>69598473
You're the one who ends up footing the bill, so enjoy it while you can.
>>69586087
>taking out a 60k loan for a fucking car and bragging online about your financial sensibility
>>69588618
Reading this thread still makes me infinitely mad that my parents moved to the middle of fucking nowhere. The closest town is pure redneck, and the closest city is the asshole of the GTA with no jobs and a strange breed of redneck hoodlum bums who smoke crack all day, which will get worse when the local auto manufacturer closes down
I'd have to commute close to 2 hours (one way) to get anywhere that would offer jobs that pay even 40k and I'd have to get a car, which would eat into any kind of saving I would do on rent
Plus their place is tiny with no privacy
I'll probably be paying off debt until im 40 and have nothing for savings
>>69598250
0 debt
>~$9000 CAD ($3.50 USD) a year for engineering degree in Canada
good old american goyim farmed by the jews again, its not a coincidence that all of the leftist jewish professors have millions to spread marxism, they are running a scheme funneling billions from tax payers and debt slave kids into colleges
>>69598242
>No, with the middle class, the population as a whole will have a balance of self interests with all 3 classes
This is absolute garbage, the middle class is always squabbling over who gets what slice of the pie. It's been this way since the New Deal.
>The increasing political divide and unwillingness to compromise is all new high
1968 Chicago riots, The ENTIRE Civil Rights Movement, Black Nationalism, The Vietnam War, the list goes on.
Modern America is TAME compared to the 60's and 70's.
>Nope. Social issues like abortion and gun rights transcend that divide
And those are taking a back seat to immigration and the economy in this election. Which have clear class divides. Further, the discussion on abortion and gun rights follows closely with class.
>>69594526
Well I'm sure they'd like all their employees to shit gold too, but that's not happening either. There are only so many Harvards and Yales.
What joy do europeans take in mocking how much debt riddled wage slavery our futures are. College isnt even fun.
Euro friends why must you find my pain hilarious
>>69598690
>the closest city is the asshole of the GTA with no jobs and a strange breed of redneck hoodlum bums who smoke crack all day, which will get worse when the local auto manufacturer closes down
Oshawa? kek
>>69584382
16 eh? Nice and legal - is she free next week? Or have the local 'asians' got her fully booked?
>>69579550
Trade schools are a thing for a reason.
>>69598907
I'll take this over mass immigration any day
>>69579550
>5% interest.
If the it's federally subsidized it's just 3.2% if it's not its 6.8%
>>69586792
same thing in Britain - now 'Uni' is seen as a right of passage and any twat can get a degree.
Meanwhile, no fucker is doing an apprenticeship.
>>69579550
> Gee I better take put 100k for my gender studies and basket weaving courses
> Wow government! I can't pay this off!
>>69583596
It's the jews.
Seriously, it's the jews
>>69579550
>be me
>take up 20k student loan at 2% interest
>put in bank account and just let it sit there at 3.5% interests
>free university
>parents pay for housing n shiet
>become doctor
>pay back loan at 2%, keep the remain 1.5% i got from the account where i parked the loan
>be nice to parents
>have an amazing career in 3rd year now
>still lurk /pol/ because the world is full of normies
>>69598935
lel Yup you know it
I firmly believe that living there would literally kill me or turn me into an alcoholic
On the bright side it's probably way easier to get a girlfriend there as opposed to Toronto
>>69596697
>50% of income in taxes
>reduced buying power
>despite degree, will probably still live a shitty lower middle class lifestyle
No thanks, you nordic fucks are retards who eat shit and ask for seconds.
>>69580219
minimum wage: $10 an hour in my state
college loans: $80,000
that would require 200 forty hour work weeks to pay off, and i didn't even include taxes. Working before college in no way guarantees you will make more than minimum wage during college - shit, even having a college degree doesn't guarantee you'll make more than minimum wage. You can't pay off US college tuition by washing dishes anymore.
>>69579550
>No degree
>Show a local managed service place that I'm good with Cisco stuff
>They like the portfolio of Cisco projects I show.
>Make 55k a year as a level 1 network engineer
Collage is a bad meme.
All I can say is
Hahahaha
I don't have any debts
>>69599758
Hahaha neither
And I have 2 degrees
Mfw my parents trust fund allocates me spending to save tax and automagically pays off my entire uni debt
>>69599501
I dunno if that's the kinda girl your looking for. Or do you not give a shit
>>69599596
In all honesty, if you have 80k debt in student loans, you fucked up somewhere or were a genuine with your money.
You shouldn't board in college
You should have a part time job while you attend college
And if you have to, take a reduced coarse load to save money.
It's one thing to go to school, it's another to go in the dumbest possible manner and millennials seem to do the dumbest things when they approach how to go to college.
if america legalized prostitution then they could fill all of the available positions in the new industry
>>69586462
costco doesn't bag groceries tho
>>69599727
This is true.
It was "forced" on me by my parents. But not even college, university
>If you don't go to uni you're going to be digging ditches or shoveling gravel your whole life!
>Do you want to grow up to be a dirty plumber working with shit water!?
So I follow along and go to Uni for Econ.
They had $1000 dollars saved for me
>one semester's worth of books, yay!
Never been so bored or confused my whole life
Drop out after 2 years and 20+k in debt
FUUGGG
>>69579550
I wish I could earn 11$ per hour
>>69585298
Go on a shooting rampage.
Do it
>>69596697
I would like to live in Northern Europe, but I don't speak the languages and it's not right for a man to abandon his family and country to run away. I'd like to see America move in a more Nordic way of caring for its citizens, if only the Democrats weren't the nigger party and had some good, honest, New Deal leaders I'd feel inclined to support them.
>>69579550
they're literally jewed for life
>>69599992
At this point I'm just looking for someone who isnt a total retard and is willing to split the cost of rent with me
She doesn't have to be super pretty or classy
>>69579550
Be thrifty faggot. You chose to take on the debt. It was a choice. You could of gone to community college for two years and work full time to avoid loans. It's their fucking faulty. No pity.
>>69595998
and it's true, but you need to do an "intelligent hard work". working like an employee all the day will never make you millionaire or successful doesn't mind how much effort you put into it.
>>69594430
Can confirm this. Working my ass off, getting my Master's in Physics, invested myself dearly in my education, held leadership positions, internships, the works. The whole time I was spun a magical lie about instant employment out of school. I started job hunting 8 months ago, but still I'm striking out. My standards have fallen on both pay and quality of work--I just want anything. If I can't get it in the next few weeks, I have a shitty, underpaying position here at the university that will stave off the student loans as long as the minuscule grant holds out. Really don't want to do the Ph.D., but I guess I'm fucked if I don't.
Should have majored in bullshit--at least I would have had a good time.
>>69600150
kek this
it's like 1$-2$ an hour here
>>69579550
Free education feels good man
>>69600018
Even if you get reduced in state tuition rates, you're lucky to pay 15k a year for college. That's already 60k for a four year education, and there are plenty of expenses that go along with that. Not to mention, you have no choice but to pay for room and board unless there's a good college near you and you can live at your parent's house for free. What if the best school for your field of study is in another city, and you have no choice but to live at school? Millenials are doing the exact same shit people have always done when attending college, but the cost of college has gone up exponentially and become unaffordable for most people.
>>69594103
Master's in Physics here. <30k in debt. Been applying my ass off. Good luck.
>>69584206
I agree
>>69600018
>You shouldn't board in college
What should you do, live in the library?
>>69579550
If you had to pay for college you a retard and shouldn't have gone in the first place. It is so fucking easy to get a scholarship that anyone that doesn't get one is nearing sub 100 IQ
>>69600394
>Should have majored in bullshit--at least I would have had a good time.
This, god damn. Physics degree is lots of work and countless sleepless nights for no reward. At least with an art degree you have fun goofing off for no reward.
>>69596697
I truly do envy you guys. Must be nice having an intelligent population compared to the United Shitheads of America. Christ I hate this country.
>>69596832
>living beneath your means
>normal
>>69600654
Grad school has been an increase in difficulty level too. Hard shit, and I have to teach and do research to afford it.
>>69600641
commute to a nearby college you faggot
90% of colleges nowadays forcefeed the same shit in classes nowadays anyways
>>69600444
I found job for few months before I start my studies I get 2000 złotych per month(550 dolars) after taxes, insurences etc. At least everything is cheaper here
>>69579550
>What exactly happens to these millennials who graduate college with $80k in student loans, and the best job they can land pays $11 an hour?
Exactly what the gubment wanted: economic slavery.
>>69600843
For next to no reward. My profs would still only try to get me to come back and work for minimum wage as an adjunct or a TA.
>>69600793
Must be nice having half your income taken from you and being unable to afford anything because everything is expensive as fuck.
Truly, you liberals are the most cancerous creatures on earth, unable to be happy unless everyone is living the same shitty existence as you.
How about trying not to be an americuck ?
>>69600918
You would have to live with 4 other niggers in Section Ape housing to live off of $550 per month in the US.
If you end up 80 grand in debt and you can't get a job that pays more than minimum wage then you don't deserve happiness.
>>69579550
colleges don't tell you to start working at colleges... That's where the money is now.
>>69601129
at least they can afford college lol
>>69601144
I don't spent too much. Bills around 700 złotych, food 500 złotych(could be less but I eat at mcdonalds and its expensive in Poland). I have 800 złotych left
>>69601005
If you want a bit of my wisdom. Go to grad school for engineering.
Personally, I hate engineers. They're often incompetent, don't know how shit works, and they rely on physicists' leg work for everything, but they're what gets employed.
I've lost out almost every job I've applied for just because people in HR don't even know what a fucking physicist is, but they see "engineer" and give it an instant pass.
Not to mention that they slap the word "engineer" on every job now. From research and development to "customer relations engineer". It doesn't have to make sense.
I had a friend I did research with as an undergrad, and he switched to aerospace engineering in grad school. Right now he's entertaining offers from NASA and Boeing.
Just my thoughts if you're looking into grad work.
