>anti-bernie shills will defend this
Get a CDL faggot
>take a loan for a worthless degree with no jobs
>lol help why can't I pay off these debts?
>>70157709
>paying off over 23 years
What's the issue here
Can Berniefags tell me how exactly he will make tuition completely free?
Seriously explain
>she paid ~1000 a year for 23 years
theres another problem I'm seeing here
>>70157709
Ursury is wrong you fucks
>falling for the college straight out of high school meme
>falling for the college meme in general
she probably has some worthless degree like womens studies too
>>70157709
sounds like bullshit to me faggot
>>70157709
why do people borrow money to go to school? i realize im lucky my parents paid for me, but this just seems like a silly thing to do
>>70157709
She knew the interest rate and what to pay
If she didn't, she deserves it
Is she going to complain about playing tens of thousands more on a mortgage because of interest rates?
>>70157864
If it is worthless, it shouldn't cost anything. She was thieved nonetheless.
LMFAO paying off for 23 years!? Hahahhahahhahahahha There's your problem.
>>70158136
To move up the social ladder, dingus.
>>70158226
He who asks is not the fool, but he who pays.
>>70157709
I'm anti-Bernie and no I won't defend this. This is one thing where he's absolutely correct. That interest is criminal.
>>70158136
same reason people buy a car or morgage a house
>>70158136
Only in America.
>>70158253
>blaming the victim
>GETTING KEKED THIS HARD
HAHAHAHAHHAHAHAH FUCKING LIBERALS
>>70158226
>I was dumb, it's their fault I made a dumb decision!
>>70158136
to better your position in life. It is an investment, and just like all investments there is a possiblity of risk. I am a finance major and my parents were poor so they couldnt help at all. Since I dont want to be middle class as an adult I knew that taking that gamble and investing into myself was the only option.
COLLEGE IS NOT A MEME
>>70157709
>willingly take out loan
>agree to every term and agreements
>sign it
>pay back the minimum because your degree in "Black Dance and History Studies" got you a job at Starbucks
Oh no.
What a shame.
Someone stop this, please.
>>70158432
You realize lemon laws are a thing right? If you buy a can of beans and it instead contains poisoned beans the approach isn't "Haha should have been smarter."
>>70157709
Maybe if she didn't make the smallest payment possible. My student loans are just shy of double hers but I'm paying 500 per month instead of 119.
Maybe she should have taken a finance class and learned how interest works instead of taking lesbian dance theory I,II and III
>>70157709
I had like 20k in student loans, and I ended up repaying it in a little over 2 years. I didn't even make that much money. What the fuck is this stupid bitch's problem?
>>70157709
>paying off a $25,000 loan over 20+ years
There comes a point where you have to accept that, in society, there is a certain price for excessive stupidity.
>>70158432
>what is fraud?
>>70158525
>everything is okay as long as they agree to the terms
>that's how I legitimize slavery: other blacks sold the slaves, so it was okay!
>>70158565
The difference is you didn't know the car was bad. With a loan you know exactly what you are getting. She knew it would cost this much when she signed the paperwork.
>>70158568
>What the fuck is this stupid bitch's problem?
>stupid bitch
Well...
>>70158226
So the government should fully subsidize degrees from trump university than according to you.
>>70158372
the only thing shes a victim of is her own bad choices.
>>70158086
Well it doesn't help when schools pretty much force college planning on you and tell you that if you don't go to college you're a failure.
I didn't fall for it but I know lots of people who did and are now in debt.
>>70158660
It isn't fraud because when you get a loan they spell out the terms to you. She signed up for exactly what she got.
Make more than the minimum payments, dummy.
Are you saying 18 year olds are irresponsible and shouldn't be allowed to sign for a loan? She knew what she was signing. Was she too stupid to figure out compound interest rates?
>>70157709
Why does she not just pay it off?
I paid off my student loans in full 3 years after graduating. No one forces you to pay the minimum.
maybe after highschool people should work retail or someshit. save money then pay tuition straight cash once they can afford it. i got no sympathy for slaves of usury.
>>70157709
>It takes this retard 23 years to pay 32,000 dollars
Who wants to bet she just ignored it for decades?
Who wants to bet her finances are complete shit and she spends 1K a month on make up?
>>70158721
She agreed to it dude.
She was given the terms of the loan and she thought to herself
"Yes. These terms are acceptable. I am willing to pay them back in accordance to this."
She then willingly signed the loan and borrowed the money.
If she had thought it unfair then she shouldn't have agreed to it.
It's literally her fault.
>>70158732
>expecting inexperienced 17yo tadpoles to make wise decisions on what they wanna do for the rest of their lives
>>70158732
I'm playing the devil's advocate a bit here, but schools are full of garbage degrees and a large portion of those schools will lie or mislead you about the quality of jobs you can then get and the number of them.
>>70157709
Who fucking made her borrow the money in the first place?
>>70158764
If only it was a legit "university".
>>70157709
Remember kids to always read the small text and never allow impatient people to force you to sign the paper right away. The credit gets serious after the vanishing company gets dissolved.
>>70157709
>how do loans work?
>>70158906
That's her fault. I was smart enough at 17 not to sign up for dumbass loans.
>>70157709
J E W S
E
W
S
>>70157709
hahahaha
I paid off my college loans in a year. This bitch and every other Bernout be trippin', niggas.
>>70158766
So we force young virginal teens to make difficult decisions in a market full of snake oil sellers, and you think that's okay?
You are literally blaming the people who bought snake oil!
>>70158957
why would that matter?
>>70158721
>student debt = slavery
kill yourself
>>70157709
>Borrows 26k.
>Paid back 32k.
>Still owes 45k.
Sounds like she didn't marry.
It also sounds like shes a fucking idiot, which is why she may not have ever married.
Guess that degree was pretty useless cause she couldn't find a man to pay it off for her, sad.
>>70158798
>>70158855
She was made false promises
>>70157709
Student loans are not legitimate loans and should be discharged as usurious instruments.
It isn't that education should be free: Bernie faggots are wrong on this. Whoever is bearing the cost of education should be entitled to a legitimate return on that investment.
For example, if I study a technical discipline, those paying for my time are entitled to a return on that (e.g., a percentage of my production for x amount of time.) This means of course that lending for education would be carefully underwritten. Simply going to college because would not happen and 'vibrant diversity' would not exist as these types are likely to not succeed at the discipline they would supposedly study. And critically, bogus degrees like Wymyn's Discharge, Homo-Erotic, etc. would be open only to those paying cash (or directly funded by Soros et. al.)
Basically, the less reliable to student and less tangible the degree, the less likely any loan would be extended in the first place. For qualified students, the lender would have a right to a piece of the production for a time. So again, while the current system is predatory, Bernie fags are wrong.
>>70158866
she is retarded most likely
>>70157709
>I took out a loan without reading the fineprint waahhhhh
>>70158772
I started off working part time at 16 as a machinist after school, and then 2 years later got hired on at 18 as an apprentice. Now I'm a supervisor 11 years later making a bit over 70k a year. I'll take that for no college education monies.
>>70158226
>>70158372
Technically there is no victim in this situation, she agreed to the retarded conditions of her loan with zero coercion to push her into making this bad decision.
The only real crime here is that everyone else will have to foot the bill because cindy floppy-tits here just doesn't feel like using her head when comes time to make one of the most important decisions in your life.
I don't know what I am going to do with the loan I took out for my Masters
What is the best course of action pay back as much as I can per month without fucking myself?
>>70158936
She should not have been so naive and realized that she shouldn't trust people trying to sell them something.
>>70158057
No it's not. Being a stupid idiot who defers his bad choices to others is though
>>70158896
>as long as you manage to persuade them to give you their signature it's okay you can do whatever you want
That's what you actually believe.
>>70158764
no but there is no reason to disqualify someone from social security (this includes non-total disability payment)
that is actually criminal to do this. you are not giving out loans, but rather paying people as an excuse to own them or torture them.
are you really going to sit here and defend your masters like a good little bitch?
>>70159008
>my daddy could afford so I'm smarter than her and its her fault
>>70158772
i dont think i ever heard the terms "trade school" or "apprenticeship" when i was in high school
I paid off my student loans in three years by living in a closet sized apartment, driving a used car, and never eating out. During that time I didn't see a single movie, and picked up only three prostitutes.
>That feel when I got into college on a 95% scholarship and dropped out because classes were boring and easy in my garbage major
Feels gub mang
>>70157709
Why can't we all just come together and admit that Hitler was right?
These usurious Jewish bankers have got to go.
>>70159120
>>70159191
Look at the numbers.
That's literally armed robbery.
>>70157709
That looks like a horribly bad investment. Why would taxpayers want to do that?
>>70159211
That's exactly why usury is wrong, though: Most people are stupid idiots.
>>70157709
Maybe you shouldn't have taken 23 fucking years to pay back what's essentially the cost of a gently used Honda you stupid fucking whore.
>>70159219
She should have thought about it longer, slept on it, researched it.
At the end of the day she consented to it. No one put a gun to her head and forced her to sign into that loan.
>>70159268
For your information I put myself through community college because thats what I COULD FUCKING AFFORD AT 17. I then transferred to a 4 year to finish my degree because thats WHAT I COULD FUCKING AFFORD.
I have 0 student loan debt because im not a fucking dumbass.
>>70159375
>student debt = slavery = armed robbery
go on....
>>70157709
There was a chick I met in first year arts who was already 20K in debt.
It was the first wake up call I had to what a scam university is...it still took me three years though before I went to to a polytechnic college and got a real job. But at least I had scholarships so I didn't wind up in debt.
>>70157709
>makes poor decision
>regrets it
Such is life. At least she had the opportunities to squander.
>>70159375
Do you believe in personal responsibility?
>>70158086
>Not looking up the RoR of your specific university program and realizing its over 10%.
> Spouting the falling for college meme meme.
>>70158721
>An adult of sound mind and body shouldn't be able to enter into a legal contract where all the terms of repayment are entirely disclosed
Sorry you're so fucking retarded you need the government to hold your hand until you're in a nursing home.
>>70159375
23 fucking years man.
Also saying look at the numbers without any context or proof is useless too.
>>70159436
You don't understand, do you?
That loan is criminal no matter how many times she signed into it.
>>70159438
>computer science
Good luck competing with literally a billion pajeets. You're done.
>>70159507
>swindling people is okay
You go on.
>>70158030
Closer to 1400, dumbass.
>>70159375
>consent to having to pay back the loan
>lol wtf why am i in debt
>i bet the 1% did this
lm
ao
>>70159624
I have a job idiot. I aint competing with shit moron.
>>70159268
I didn't go to college until 23 because I waited until I was sure I could support any debt I got myself into. I made the decision to do that when I was 14 and set up my entire college plan when I was still in secondary school.
She's a fucking moron and doesn't deserve any money and also I hope she starves to death in the street like some sad hooker because that means one less fucking retard draining money out of my pocket because "I should get my women's studies classes for free so I can be a big boon to society".
You're a dipshit and a loser.
>>70157709
>What is negative amortization, the whore.
>>70158906
No but they should be expected to fucking read the agreement for a huge fucking loan you massive retard eat shit and die
>>70159626
>take a loan
>to work for a feminist non-profit
>woman takes out loan
>"I'm going to use this money to better my future"
>wastes it on a useless degree
>"daddy gubmint, pls forgive my loans"
>woman takes out loan
>"I'm going to use this money to open a swanky new restaurant"
>she makes good food, her business is a success
>"glad I knew what I was doing when I took that loan"
She agreed to the terms of the loan. There is no "defending" that. Doesn't matter who is in office when dumb people take out high-interest loans. She took a MASSIVE gamble thinking her degree would get her a nice paying job.
Now, was this thread supposed to be about free college? Because that's another issue.
I'm getting real fucking sick of the term "student loan". No, it's just a loan. Harvard will still cost 6 figures no matter what Sanders does.
>>70157709
She had to make sure we know she's a woman, ya know, so we can feel sorry for her.
>feeling sorry for a stupid bitch that takes out a loan with a ridiculous interest rate
nope
>>70159562
I do, that's precisely why you're wrong: people can't be free of any responsibility just because they managed to be successful in their defrauding.
>b-but sh-she signed it
That's literally your only argument.
>>70158256
Interest and expected return is what the entire financial system is based on. Interest is annoying but extremely important.
>>70159201
>What is the best course of action pay back as much as I can per month without fucking myself?
Well, earn as much money as you can, and use as much of that money as possible to repay your loans while budgeting for rent, food, and clothing.
>>70159624
>I knew what I was doing and read the fine print and made sure to my lender that I understood the nature of our contract
>you swindled me
pick one faggot
>>70159232
>wanting an even bigger master to bully them into giving more money
face down ass up huh
>I took out a high interest loan and did minimum payments. Please pay for my mistakes
2 years ago I finished school with 38k in debt.
After a slow start I buckled down and pay 1400 a month towards it. I will be debt free by Feb next year. Seriously, what the fuck is up with op. After tax, I make about 3k a month.
1400 loan, 615 rent (just a room,) 35 phone bill. I spend 75 bucks a week on food and whatever, and everything else goes into savings. I have 7k as an emergency fund in savings.....
I work 37.5 hours a week programming.
If I couldn't find a way to pay of 38k in debt, how in the fuck could I ever ask a bank to loan me 350k for a goddamn house?!?!
>>70159769
>ha, you think she agreed, but she didn't
>>70159201
Your first goal in life should be paying off that loan. After that's done, you can start life.
>>70159578
Thanks for admitting you agree with slavery.
>>70159596
Even crimes prescribe, dude.
>>70157709
dumb question but, can my parents get a student loan on my behalf? is there ANY way around taking a student loan to pay for college? I have ZERO debt right now with a credit score of 778. I HATE the thought of being in debt. Any way around this?
>>70159626
>social sciences
>i want to work for a nonprofit
hohoho. enjoy your poverty.
>>70157709
shoulda studied stem instead of feminist dance therphy cunt
>>70159184
No one ever, ever, reads the fine print, you lying fuck.
>>70159917
Slavery is compulsory. Nobody forced to pursue a higher education and then make minimum-tier payments on a high interest, unsecured loan.
>>70159917
>two consenting adults making a deal is slavery
>>70159683
Tell me that when it happens to one of your children.
>>70159691
>I have a job idiot.
For now.
>>70159728
You want a medal or something?
If she borrowed $26 K why will she be paying back over $77 K?
Are interest rates THAT fucken high or am I missing something here?
>>70159769
There are usury laws for this reason. It's not like she was paying 40% interest, she just paid the minimum payment for decades because she's a moron.
>>70157709
To be honest I think interest rates on degrees should be lowered.
>>70159143
thats negligence on her behalf for not reading the fine print or hiring a lawyer to translate the contract for her.
oh thats right fuck logic we don't need that.
>>70160087
I do. My father was an attorney. Never sign anything without both reading and understanding it. Period. Ever.
>>70160150
>23 years
>>70159822
>knew what I was doing
Obviously not, they promised her a future. When they deliver, they can have the money.
>>70157709
I think it's common sense to only take loan at EXTREME need and if possible not at all. And also, only if you know you will be able to actually get the money back somehow.
>>70157709
>ITT "Just Go In And Shake The Manager's Hand"
>>70159350
Not until all hell breaks loose and even then they will run and try to hide. There isn't long enough rope yet.
>>70157709
Lmao. My loan was bigger and I only set it for 10 years and still paid it off early.
>>70160150
30 year UNSECURED loan = high interest = you better make more than minimum payments.
>>70159624
>That loan is criminal
Her fault for getting a private loan. Dumb bitch probably got some higher than 8% unsubsidized loan like a retard.
Even then I can GUARANTEE you that its high because it compounded for over a decade while the retard refused to pay off even the interest or take any actions like freezing it.
>>70157709
$26k is how much a Honda Accord costs. This is like taking out a 30 year loan on a fucking Honda and then only paying $1000/year. Being this stupid is proof of how worthless 90% of degrees are.
>>70160003
Don't get a loan. Get a job and bust your ass to pay tuition while you're going to classes.
You'll finish school with work experience and immediately be making more than anyone with just a degree. Probably be hired in your field above other new starters, too.
It'll be hard but you're young. You have the vitality to pull this off.
>>70160146
it won't, because i don't raise retarded kids
>>70159896
She agreed to something else. They promised her something they didn't deliver, it's called deceiving.
>>70158567
making people plan for the future isn't very accepting of niggers you racist!
>>70159086
>teenage girl
>virginal
>>70158439
>COLLEGE IS NOT A MEME
agreed but college for everyone is a meme.
How about not loaning at all? Get real money and pay instead of thinking lent money is free money.
>>70160355
She agreed to a loan at a set interest rate. Where did the bank change the conditions?
>>70160204
Damn, still I thought it was illegal for interest rates to be that high
Paying back 3x what you borrowed? Hows that not usury?
>>70160355
>the private institution promised her that her cuckoldry studies degree would land her a six figure job
provide evidence for this or stop trolling fgt
>>70160355
they promised her money, if she can't pay it back, it's not their fault
>>70159219
Have you ever signed a contact or some kind of agreement? Seems like you're the cunt in the pic. Don't just blindly sign without reading. She deserves it.
>>70159624
No, I don't.
Help me understand it then. Please tell me what law was broken when she willingly signing into a bad deal?
Tell me what law it's breaking. Give me links to court cases ruling in favor of this being "criminal".
>>70159210
>She should not have been so naive and realized that she shouldn't trust people trying to sell them something.
She was probably 17-18 when she went to college. They don't teach anything about this life shit in school.
>>70160172
Look at the numbers, how's that not usury you fucking moron?
>>70159159
College education = job is the scam that people fall for, that's the problem. That's why they take courses and study for things that in many cases don't have promising prospects for jobs with salaries high enough to pay off the loan they took.
>>70159769
It is simple. You borrow money and pay it back. She should have known the terms of the loan before signing. It is nobody's fault but hers.
>>70160355
>They promised her something they didn't deliver
They gave her the fucking money and she spent it.
What the hell do you think a student loan is?
>>70159143
Schools rarely promise jobs, only that they'll help in the search. More over, any teen with common sense should be able to tell that a womyn's studies or ethnic studies degree is garbage that has no place is a productive world. The people who lied to these kids are primarily themselves.
>>70160531
How are you too dumb to do simple math?
>>70157709
Interest is the root of all evil.
>>70157709
She agreed to pay that amount though, that's what loans are.
>>70157709
I have a shitty $40k/yr office job, but whenever I wake up in the morning, I'm grateful that I have no loans except the $22.00 credit card debt from last week when I ate at McDonald's with a few friends.
I was so depressed after high school because the only college I could get into were shitty private schools offering $15,000+ in loans every year. My parents couldn't afford it, so I took a $28,000/year office job. I'm at $40,000/year now at 23-years-old, and many of my classmates who graduated college all make significantly less than I do. They also have tens of thousands in debt.
Do these people not know what financial aid is? College is already almost completely free if you're poor so wtf?
>>70157709
It's a completely unsecured loan where the borrower doesn't have to pay anything for 4 or more years.
If it wasn't for the high interest rates, nobody would lend money for student loans.
>>70160467
you pay back more when you take 23 years you dumb fuck. If she'd made more aggressive payments she wouldn't be in this mess. My credit card rate is like 9%. If I spend $1k in a month, and I get the statement, the minimum payment is less than $12, and at that rate it would take decades to pay off and it would be a lot more than $1000. That's why you shouldn't carry a balance.
>>70158136
Well if you look at it as an investment it makes sense. Borrow if you have to but be frugal and take as little as possible, work your ass off in school, have a plan after you graduate and good job prospects lined up.
>>70160488
She paid it back already, look at the numbers.
>>70160327
Seriously.
I'm buying a 6 year old USED car, new price was 50 grand, used price 20k. Will be payed off in 4 years. I can literally make the monthly payment in 1 day of work.
How the FUCK does some fucking millenial idiot agree to be jewed for a lifetime debt?
Doesn't seem real. OP image has to be a troll.
>>70160531
23 YEARS
3
YEARS
>>70159658
Oh wow that changes things a lot there turbo-tard.
>>70160146
Even if i lose my job i have 0 debt bc im not an idiot
>>70157709
Nobody is forced to take loans. You don't HAVE to go to college where you'll likely end up being a Starbucks barista anyways. Blaming others because you put yourself in that situation is a sign of immaturity.
>>70157709
>principal is higher
>faithfully paid
This bitch is retarded.
>>70160515
>the law is perfect
>>70160003
>any way around this?
don't go to college. It's liberal brainwashing center, almost nothing of value is taught there that cannot be found in a library anymore.
If you must have the experience, do what king kike steve Jobsfeld did and move in around a large university and sit in on lectures without actually paying for the class. You still get the product that everyone is supposedly paying for without the price.
>>70157709
How the fuck did she calculate the still owe? Minimum payment til she dies? Ffs. Not my fucking problem you didn't join the military, save part of your income, invest some, get a degree using the gi bill, but a car cash money, and buy a house cash money.
>>70157709
why dont countries just do why new zealand dose
you get a loan, you go to uni, you pay a set % of your yearly income to repaying the debt with 0% interest
you only get interest if you dodge repayments or go overseas for extended periods without notice
>>70159375
I feel like people make these threads in order to get talking points.
>>70160467
The problem is that she paid the absolute minimum, which is essentially just the rate you should pay if you haven't landed a job. All your extra money should go to pay the loan.
>>70160003
Go to community college for two years in state. It's dirt fucking cheap and you can pay for it CASH with a part time job at Starbucks. Get your associates and get an entry level job after that. Finish your degree in evenings and weekends at a State School and pay cash again. It's fucking cheap too. Live at home for the next four years.
This is what non-rich kids COULD DO, but don't, because they want the 'college experience' and because their parents are stupid fucking retards who can't control their children.
Oh and that college experience amounts to shitloads of degenerate fucking, drugs, and alcohol, nothing more.
This is exactly what I did. I had zero college debt. It took me 5.5 years years to get my degree and by the time I was done I had 3.5 years of work experience at age 23. By age 24 I was making 80k a year and debt free.
I fell for the STEM meme too. I make about 97k a year in a mid-tier city, own a house cash, and drive a fucking new Camaro I also paid cash for.
White people and their parents behave like niggers when it comes to school.
>>70160564
It's the college's fault. Stay mad.
>>70160703
>paid it back already
did she not read the interest rates?
>>70160467
30 years ago the dollar was worth more than twice what it is now. When a lender calculates a 30 year loan they include inflation rates to offset the margin, otherwise they would go out of business. It's literally all this bitch's fault that she paid back at a rate below inclination of interest+inflation
>>70160467
>interest rates to be that high
Average student loan interest is something real damn small like 4-5%
Theres also something you need to factor about her sign. Lying
For those of you too lazy to do the math, the interest rate on that loan is 4.8%.
>>70160595
If those degrees are garbage, then they shouldn't be allowed to charge more for them than what they're worth.
>Retards get scammed
>do other stupid shit
>can't afford to pay off 30 grand over decades(what?)
>Blame everyone else & say the government should solve your problems(read: gimmedats)
Of course its easy to ignore that these poeple will still be massively in debt because they are dumbasses
nothing to do with schools
>>70160973
if those degrees are garbage, you shouldn't be stupid enough to waste your money on one
>>70158002
everyone pays into it like social security. use strength of collective bargaining on school prices. demand proof of schools effectiveness vs. money charged
>>70157709
Fuck that's stupid as fuck, that's why I never went to college even though everyone wants me too and I went into trade instead, fuck student debt, I've seen all my friends go into that and they can't get out. Colleges charge way too much and universities are made only for rich people
>>70160923
So you admit it's usury?
>>70160467
>>70160531
>I literally have no idea how loans work
>>70157709
This bitch is old as fuck, she should have only paid 16k if that in 1975
>>70160973
Value of education is subjective, application of education and leveraging value of knowledge is the responsibility of the student to incur a net positive result.
>>70159574
>>70157709
ITT People not understanding how to calculate NPV. Assuming she has paid back in identical installments over the last 23 years, she has paid a total of 17,300 in 1993 dollars at a 5% discount rate.
She has paid back less than she has borrowed. The amount she still owes is $45,000, or $27,000 in 1993 dollars.
This means the total "price" of borrowing $26,400 is $44,000 (in 1993 dollars). Take away the capital she received and the loan cost her $18,000 and the fun of going to college for 6 years or whatever she did.
If her total earnings were increased by an amount equal to this loan of $18,000 and the lost wages she would have made as a college dropout for 6 years ($70,000 in 1993 dollars) she has made a profit on this loan, even with the 45k outstanding.
So this lady needed to increase her lifetime earnings by $100k to make college worth it.
The average college grad makes about a million dollars more than the average high school grad over the course of their lifetime (present value ofc). If she only made 100k extra, she is exactly the type of person who should not go to college. Actually, I take that back. If she made 100k extra, she should do whichever made her happier as the cost would be the same.
>>70157709
The problem in the US is the student loan system. College would not be so expensive if not for these government backed loans. It's also fucking retarded how they set it up.
>>70160973
Yes, they should be able to. It's up to the student to decide if they want to pay for it.
>>70160959
Are interest rates usually that big on student loans?
You can take loan from banks as a student here but they have usually very little rate, sometimes 0%
>>70160856
Sounds ice on the surface, but it would destroy an entire industry. Why? Because I'm supposed to feel fucking sorry because people think the NEED to go to college and find themselves in debt for decades because of it?
>>70159822
A middle-aged adult in an industry designed to take advantage of "new" adults making some of their first "independent" financial decisions of their life doesn't sound quite even handed.
The artificial need for a bachelors degree has been forced on the country by shaming non-college grads as stupid, by forcing any real grasp of information technology to college, and by the complex set of fucked up decisions that have led to making a HS diploma worthless, lest we hurt a teen's feelings.
Then you have banks salivating at this situation, with the "just sign here" mentality, knowing that the lendees cannot escape it not matter what. Ancillary to this are the colleges themselves, who also see the whole endeavor as a money grab. EVERYTHING is about money in college education. The books, the tuition, the meal plans, the parking, everything. Pell grant caps go up $2,000? Wow, look, tuition just went up $2,000.
Banks, colleges, and government have confluently fucked students over. So yeah, I'm not going to defend every individual with a shit loan situation, but don't pretend you live in some Libertarian porn where all actors are rational and completely informed, and on a level playing field.
>>70161115
no, it isn't
>>70161170
Works fine for me, it's just retards who get fucked by the system.
>>70157709
>don't save money from highschool
>don't get scholarships
>paying that much while having interest rates
>>70159626
>I want to work for a feminist nonprofit, doing activism work.
she wants to sit on her ass and post on tumblr, facebook, reddit.
>>70159375
The amount loaned keeps inflating away, the reason the amount owed increases is for that reason.
If you took a loan for 27 years, and then paid back the same amount, the person who loaned it to you would have lost a ton of money.
>>70160655
>It's a completely unsecured loan where the borrower doesn't have to pay anything for 4 or more years.
Federal loans are, private loans may not be. You would have to be a retard to agree to it but private loans are whatever you agree to within law.
>>70160959
Maybe she should try to pay it off faster than 23 years? That's less than the cost of most cars. Do you think anyone takes 23 years to pay off a car that they only keep for maybe 8 years?
>>70158136
what would you have done with out mom and dads money?
>>70158086
I went to college TWICE and I hated it, dropped out and felt like a shit, i fell for
>falling for the college straight out of high school meme
even though i was literally going completely crazy and should have probably been hospitalized or gone to rehab
I finally am becoming an EMT, everyone I know is in huge debt, and im going to be able to just ride it cool until i die early due to heart problems
>>70160655
Exactly. Aren't they all non-collateral as well?
>>70157709
>Getting a government loan
>Not getting a bank loan
>>70160595
And what about the people who went into a field that was in demand, but after 4 years has been saturated by unchecked immigration, depressing both entry level opportunities, and wages? Fuck them too?
Bottom line is that loans where you can NEVER bankrupt out of them carry negligible risk for the lender. It's ridiculous that they carry minimal risk but still get to charge interest exceeding what they would get from a bond.
>>70161221
>The artificial need for a bachelors degree has been forced on the country by shaming non-college grads as stupid,
Not even close
It's due to mass oversupply of workers, and the need for a race-neutral way of excluding niggers
Overall its a case of liberals getting what they claimed they wanted, then complaining about it.
>>70159626
>i want
No cunt, you don't get something cause you want it.If that was the case, you'd be shaving your leg beard and putting on deodorant, cause god knows thats all I want from you you insufferable little shit.
My first years salary is gonna pay off my student loans. The years salary after that I'll put a down payment on a house. In two years I'll be debt free and not throwing money into the black hole that is renting.
If her lenders had invested $26,000 into the S & P 500 23 years ago, they would have $143,000 right now. She should be fucking grateful that she is able to get away with paying half of that.
>>70157709
I hate Bernie and free college is an ignorant meme.
But I will not defend the student loan scam.
* Interest and fees should have a cap, both per month and total for the life of the loan. (It's setup like a scam and it's wrong to expect 18yo kids to understand the implications.)
* Bankruptcy protection should be restored to all lenders.
* In the event a court discharges all or part of a student loan, the lender should be able to sue the school for recovery of half the costs.
* In the event that the student can prove that they diligently looked for work and were unable to find any related to their degree for two years after graduation, then:
** Full discharge in bankruptcy court.
** Lender can sue the school for recovery of the entire amount.
Side effect: only serious schools offering real degrees with job placement assistance would survive. All the liberal studies bullshit that poisons America would burn to the ground. People like Carl the Cuck could no longer protest because they would be too busy working at McDonald's for minimum wage.
>>70159805
funny how that didnt apply to the money given during the bank bailouts
>>70157709
People blame individual's ignorance and irresponsibility on the government and businesses.
IF YOU WERE SIMPLY MORE INFORMED AND RESPONSIBLE, THERE WOULD BE NO ISSUE
>what is inflation and interest
These fucking kids should have studied harder in highschool and paid attention to the basic economic courses we were forced to take.
0% sympathy for these fucks
>>70160703
>look at the numbers guies
This dumb bitch signed for a loan with interest rates that most likely fucked her in the ass, she also probably paid minimum on the bill meaning the interest added up. Shes retarded, she should have either
A) Paid her bill plus interest
B)Managed her money better
C) Learned to read what she was signing
D) used government programs like fafsa in order to use smaller loans which she could better afford
But not her fault at all.
>>70161285
>I don't know the difference between interest and inflation
TFW free uni and 1.5% rate
>not making money off your student loan
>>70159319
good for you
Pay your payments in full and on time, don't take out loans with high interest rates, don't major in something useless like art or humanities, and get a job and save money while you're in college. That's all you have to do, it isn't that fucking hard. You don't deserve to be bailed out by the government because you knowingly made risky decisions with your education and you aren't happy with the results. You made your bed, now lie in it.
>>70157864
I agree that many young people get retarded ass degrees and waste their money, but it still costs way too much. Besides, if she had gotten a degree in something important and been unfortunate enough not to find success, she'd be in the same situation. I think it's ridiculous that Americans have to deal with this shit but meanwhile in every other fucking civilized country it's free.
Anti Bernie shills are simply aware that he will beat Trump and Hillary will not.
That's pretty much every Republican and the Hillary shills.
I'm used to it at this point. Bernie is still winning caucuses and enough primaries to win it all.
>>70158057
Blame the Jews. Quite literally, in this case, it is the fault of the Jews. Trace it back far enough and they are to blame because they're the ones who started this bullshit
>>70157709
>$26,400 23 years ago
That comes out to $44,994.89 in today's money after inflation.
I'm not saying there should never ever be any kind of forgiveness ever, but jesus christ she effectively hasn't even paid back 3/4ths of what she borrowed after 23 years. She should at least be expected to pay back what she took and then some before even talking about forgiveness.
>>70160355
They promised her money. They gave her money.
You are fucking retarded.
>>70157709
>no bankruptcy allowed
wat. What if someone legitimately cant pay the loan back? How is that legal? Or is this whore just talking out of her ass?
>>70158002
I believe he wants to put a tax on Wall Street inspections
>>70161490
>* Bankruptcy protection should be restored to all lenders.
FUCK. That should read "...to all borrowers."
>>70161676
No the Jews are not to blame, its the fuck-heads who agree to these loans. Have some personal responsibility, and stop blaming things on the boogeyman.
>>70159375
I realize I'm late to the party here but I have looked at the numbers and you know what the interest rate is? 5%
FIVE FUCKING PERCENT
This is not usury, this is not robbery, this is a dumb bitch making minimum payments for god knows what reason.
>>70161336
Unfortunately some people get into a fucked up position where the cost to live + the cost to just make minimum payments are eerily close to one another. One unexpected stumbling block is all it takes to fall behind, and suddenly you're fucked if you were not one of the lucky faggots that got an incredible job right out of college/high school thanks to mom and dad knowing people.
>>70161671
>>70161731
Bankruptcy doesn't forgive student loans.
>>70161602
>too stupid to realize inflation is the reason for interest
You should not be talking bro, you are really fucking dumb.
>>70161662
Loans are still taken out so you can live during studying, without working a part-time job that interferes with your studies.
>>70157864
she's paid more than she borrowed already
shouldnt she be free at this point
>>70161845
Why is there both interest and inflation accounting then, you arseweed?
>>70161731
You can't bankrupt out of student loan debt. It's the Jew's latest scheme to enslave Goyim. Can't pay it back? Too bad, you'll be a slave your entire life.
>>70161869
Usury. How do you expect the bank to make a profit?
>>70161907
>gets blown the fuck out
>tries to shit post his way out of it
>fails
fuck off retard.
>>70161490
>Interest should have a cap
WOW great idea anon. In related news I just took out a million dollars of student loan debt and I'm planning to invest it in the stock market and repay you in 200 years with a cap on interest.
Now hmm I wonder why this wouldn't work?
>>70161784
I didn't get an incredible job thanks to knowing anyone. I didn't know anyone and I got a lower paying job and moved up thanks to working hard.
>>70157709
Interest is literally a jewish invention.
You can't hate the kikes and defend the thing that has allowed them to get to the place they are.
>yfw /pol/ reveals just how bluepilled it is, again
>>70157709
Shit nigger how do you take 23 years to pay 26 grand
>>70161731
Can't bankrupt out of student loan debt since its for knowledge and not something material.
>>70161907
Holy fucking shit. I am out.
>>70161869
That's not how interest works.
>work minimum wage for a year to earn money for a non-shit used vehicle
>work minimum wage for another year earn cash for CDL
>put cash aside yet again to get certified to work on diesels
Why would you go to college, incur thousands of dollars in debt when you can become licensed and certified to operate diesels for under 10 grand? I was a literal NEET for six years straight out of HS and managed it.
>>70161869
>what is inflation
>what is the need for interest to counteract inflation
Plz leave
>>70161999
Hi boomer, you're to blame for most of the shit.
>taking a loan with that high interest to fuck you that hard
You deserve it.
>>70162009
Exactly. If this nigger can't pay that off, how the fuck are they going to ever pay for a house or even a car. They might as well live at mommies house forever.
>>70157709
> paying 120 dollers a month
>>70161821
This gives an unfair advantage over other creditors though. Literally illuminai tier conspiracies must have been used to make that legal.
>>70157709
>paid back
>32,700 in 23 years
>what is interest
Like jesus christ if you can only afford <1500USD a year to pay back your load then you should never have got a fucking degree because you certainly aren't being paid enough.
If you make them free it encourages people to do shit degrees at bad unis just for the fun and the free welfare basically. If you make it cost something then it will stop people making bad investments.
>>70161593
>expecting 18yo kids to understand any of this shit
>expecting it to matter when parents, teachers, counselors are screaming "JUST SIGN IT YOU NEED TEH DEGREEZ!"
>expecting the U.S. government to prop up Scrooge McBank's ScrewYouLoan(TM) program by eliminating bankruptcy protection
>expecting the taxpayer to buy up the student debt and save Scrooge McBank when the bubble bursts because IMMA TOO BIG TO FAIL
Fuck off. If I were in her shoes I would leave and build a new identity in another country. Or just flip out and burn one of the bank's branches straight to the fucking ground.
>>70157709
Ok OP, how about I borrow $26k from you and slowly pay it back over 23 years, but probably never? That's why there's this thing called interest.
>>70161507
While I do agree that the bailouts were bad, the failure of a bank has much larger implacations than I dumb student, and students are much riskier than a bank, thus the interest rates are higher.
>>70161869
Shit like this reminds me how absolutely shit financial education is in America.
Someone already mentioned it but google net present value and educate yourself before taking ANY loan. Time is a factor when calculating the value of money, because money you have today can be invested and turned into more money tomorrow with relative reliability.
This is why everyone who is happy about getting a government refund when they do their taxes is an idiot. All a tax refund means is that you gave the US government an interest-free loan.
>>70162205
Boomer? I'm 38. I graduated in 2000.
>>70158002
>Can Berniefags tell me how exactly he will make tuition completely free?
He wants a tax on "Wall Street" aka anyone who owns stock.
>>70157709
>paying for college
Join the military or get a job, faggot.
>>70157709
Its called making minimum payments and never trying to pay off principle. Also when you take out a loan and sign for it, they have to disclose what you will pay over the life of the loan. This bitch knew the final payment before signing.
>>70162195
Interest is what causes inflation you mouthbreathing mongoloid.
>Let a fucking loan gather interest over 23 god damn years
>Surprised when its stupid fucking expensive
How would someone not expect this
