Just don’t pay. Debt-strikes are far more damaging than a work-stoppage.
This works great up until the point where a collection agency comes for your property and/or credit rating. I’m not saying don’t strike, but do it with full knowledge there may be repercussions.
It’s most likely that people won’t have a choice. Many people, anyway, from what I understand of USian wages and cost of living.
American wages vary as greatly with degrees as cost of living does with location.
Lower cost of living areas pay lower wages though, so unless you remote work a high paying job or commute, the numbers are lower but the ratios are the same.
No, that’s not necessarily true at all. Nor is the concept unique to America. Plenty of smaller cities that aren’t NY, LA, etc. I live in one.
I’m not talking about rent, I’m talking about the massive credit card and loan debt that has propped up millions of folks trying to live a lifestyle they can’t really afford. In the US, it’s incredibly common for folks to just take on debt for stupid shit, like a jacked up truck they only ever use to drive to the grocery store.
Groceries.
The debt is for groceries.
Super wealthy people portray it like you just did, but what you said isn’t accurate.
People are putting basic necessities on credit cards now.
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the most debt held by americans is from medical expenses
I haven’t mentioned rent, I’ve mentioned cost of living …which includes rent, as well as shopping bills, gas and electric, car payments, clothes, holidays.
My point was the people not be able to pay credit card debt.
These days you have to take out thousands in credit card debt to buy breakfast.
Just stop eating so much avocado toast!
For that dept you could just move to a non fucked up country and get citizenship there.
Ah shit it’s so simple to relocate. Just sell everything you own, cut ties with everyone you know, and move to a country that just offers citizenship to anyone that asks.
I don’t know why everyone hasn’t done that already.
Why was this blocked by an instance filter?
Am I getting censored here now too? This is getting really exhausting.
Because .world is biased and has their own agenda.
I’m so glad that I got a surprise letter in January of 2024 stating that the Biden SAVE program had forgiven my entire $320,000 worth of student loans. I had originally borrowed $150k.
Wait, was that all fucking interest???
Also for 150k you better be a fucking doctor, mate.
This isn’t uncommon, there are deferral programs for student loans but these typically come with compounding interest (basically, your payments are covered each month by an additional loan which gets added to the principle).
With no DOE employees to process defaults?
Nobody should be paying a red cent.
If your choice is draining your entire bank account to the point you can’t afford to live or suffering a credit score penalty, then the credit score should be sacrificed.
“but they can…”
Stop. Nothing they can do is worse than starving. Don’t pay them. Use your money for your own needs.
I wish more people understood no one can stop you if there is no one to stop you.
I wish Trump didn’t understand that.
Fair point but if a dumbfuck like Trump understands it then it’s much sadder that others don’t.
he seems not to.
“I could stand in the middle of Fifth Avenue and shoot somebody, and I wouldn’t lose any voters”
– Trump, 2016
In retrospect he understood all too well, and figured it out way earlier than most.
The problem is they’re always has been. But that might not be true in 6 months time so stay alert
Try getting an apartment or renewing a lease with a truly shit credit score.
Oops, you don’t qualify anymore, anywhere, your options are now homelessness, much more expensive hopping between motels every 3 weeks, or live in your car, hope you’re still making those payments.
Fairly difficult to cost-effectively cook and store food when you’re in any of those situations.
I used to have apparently atrocious credit due to delaying payments on my student loans for years. But with proof of income it didn’t stop me from getting apartments in NYC. In the last place I asked the broker what my credit score was and while he wasn’t at liberty to tell me he did say “Not good. But it’s all student debt related which we don’t consider relevant”. Still seems weird to me today but I guess landlords often don’t consider student debt to be a reflection of a tenant’s ability to pay rent. Probably because most people prioritize paying for shelter over paying for the classes in their past.
If this happens to too many people the economy will suffer. Eventually they’ll have to start ignoring credit scores. We’re rapidly reaching a point where the system can no longer compensate for the incompetencies and inequality and stuff will start breaking mechanically in ways that can’t be easily fixed or routed around
Everything you are describing has been happening and increasing in severity for years.
Usually what happens in an economic contraction is that credit lending standards raise, not lessen.
The free market doesn’t give a shit about bad investments, which is what you are if your credit record sucks.
… And the government is basically now run by a bunch of AnCaps and Fascists.
We’re looking more likely to become an indentured servitude, debt slave, company town style society, you know, just like the 1890s, that Trump is trying to take us back to, back before the income tax and much of the government actually was funded via tariffs.
I’d love to be as optimistic as you are, but uh hey, when was the last time you fed a homeless person, personally?
America hates the homeless, shanty towns aren’t even possible anymore, those are all now ‘homeless encampments’ that are literally bulldozed away, and all the homeless in them are ‘referred’ to shelters that are already full.
The easiest propoganda line to have all the media blare at everyone is just that all the people driven into homelessness by losing a job, being unable to pay a debt, serious injury or illness… well they’re all violent drug addicts, and really they should all just die, or not be near me, ew.
Trump already called for creating concentration camps of massive tent cities built on the outskirts of cities for the homeless.
https://www.newsweek.com/trump-wants-make-homelessness-illegal-1795202
This is the plan, unless an actual revolution of some kind occurs.
Even then the massive inequality we have requires a lot of force to keep together, if it gets too crazy there won’t be enough police officers in National Guardsman to keep Humpty together and then the rich won’t have anything either. We basically have to rebuild the entire Society from scratch using the infrastructure that hasn’t decayed yet and are ingenuity
So your outlook has switched from ‘companies will be easier on people’ to ‘society will basically completely collapse to something roughly resembling the fallout universe in 2240 just hopefully without the radiation’.
… Sure, ok then, that’s quite a 180.
A revolution is exactly what we need.
well that isnt true. my last apartment was 0 credit checks. just pay and live.
Oh hey it’s the same corporate troll line again cool
Oh, excuse me for being crippled from a mugging and then having all my bank and id cards and phone stolen and then spending a year homeless and another year bouncing from motel to motel while trying to replace my id and unfuck my credit score with 3 bureaus without a permanent address and with a broken arm and wrist and leg, whilst also being unable to afford any medical treatment.
Yep, total corporate shill over here, totally not barely alive, only thanks to barely being able to keep my details current with social security so I could at least get disability payments.
Go fuck yourself buddy, I hope what happened to me happens to you.
Dude that sucks, but student loans didn’t cause that.
… Do you think that not paying your student loans will… not result in your credit score declining, massively so if it goes into collections?
https://lendedu.com/blog/student-loans-in-collections/
90 days, 3 missed payments for private student loans, 270 days, 9 missed payments for DoE Federal student loans.
That missed payment count starts ticking whenever payment deferral period ceases, and you can’t make the minimum payment, and make a smaller payment than that, or none at all.
That counts as being delinquent, unless you’ve specifically negotiated, before hand, some other kind of repayment plan… which is extremely difficult to do, if not functionally impossible in most cases.
Student loans, quite specifically, are very difficult, nearly impossible to be discharged in a bankruptcy in the US.
Personal bankruptcy nukes your credit scores and records anyway, but may make overall sense as less bad in some situations… but you’d wanna consult a lawyer on that, and… it still doesn’t get you out of everything, your wages will be garnished, and if your debt is student loans, you’re still on the hook for all of it.
You are telling people to condemn themselves to ruin.
Unless you could somehow organize and coordinate … basically over a majority, ideally a super majority of student loan payers to boycott their payments, and pair that all with some actual concrete strategy for acheiving specific demands on the government… and keep doing so for years… you are advocating insanity.
It’s basically on the same level as telling people to just stop paying income taxes, stop renewing their drivers liscenses.
The few that go through with your idea would just eventually be arrested for not showing up for a court summons eventually issued by a debt collector.
Given the total, utter inability of any meaningful resistance movement to organize thus far, I am extremely doubtful your strategy is sound.
…
Maybe, maybe if student loan payers get super lucky and the DoE somehow accidentally deletes all their student loan records, (or if someone somehow Tyler Durdens every single computer system and all paperwork that keeps track of such records) then your course of action would work…
…but what is much more likely to happen is that the DoE will move all of its loan servicing operations over to private loan/debt servicers as basically the last thing it does before dissolving itself entirely.
Those private entities will skim a bit more off the top, and also make sure the Fed Gov gets its owed money.
So… yeah, unless your plan involves starting armed militias to resist police arresting people for being failing to show when the debt collectors eventually sue them, your plan is bogus.
Good luck collecting that dept when nobody is paying it while most government thugs are busy rounding up everyone brown and sending them to death camps.
Holy shut the fuck up batman
Yeah sure, wouldn’t want facts around how student debt and collections actually work get in the way of your egotistical babybrained perfomative e-activism.
Please go back to reddit.
Doesn’t that sort of depend on your loan, though? Like if you have one that’s serviced by a loan provider, doesn’t that provider deal with it if you default?
Or is it that the provider requires the DOE to process the default?Only one way to find out.
lol. I like the cut of your jib.
I’ve been neglecting my payments for a long time since I literally just can’t afford it. I’ve been meaning to get around to doing an income-based plan or whatever but the more I see the less it seems worth my time to bother since not only will nothing happen good but they might not even be governed employees too make the bad things happen either. I’ve basically given up on having anything in my name financially but if the United States federal government disappears then I’m home free to start fresh and whatever new system comes after, hopefully we choose something good like anarchist communism
Crashing the stock market may be the plan here. Follow me on this …
Crashing the market and removing 20 to 30 percent of value.
Then at the low point invest heavily into the DOW.
Now support the market and get it back to previous levels.
Fucking rich fucks just made 30% in 1 to 2 years on that investment.
Hey now you’re forgetting that they’re also going short on everything and making money on the fucking way down too!
Crashing the economy is the point, isn’t it. Every crash the richest few scoop up the assets and the peasants (most of Americans) settle for working for whatever scraps they can manage.
I’d replace collecting food stamps for collecting heads.
What is the economy and the stock market except a perpetual bubble built on debt, as we lower rates and do QE to encourage people to borrow, in order to derive consumption via the wealth effect created by the cantillon effect?
The last crisis the housing bubble was created because housing was useful as a liquidity sponge, as we can gatekeep an inelastic good behind a wall of debt to create a wealth effect so people consumed more.
This all seems to me by design, inherent in the system, which project 2025 seemed to be fighting against. For instance they want a cap on money creation of something like 3%, which means a lot smaller bubble. Maybe they do want less froth before they flip that switch, assuming it is their plan.
I am reminded again of how we need to organized. A few people here or there defaulting on loans or refusing to pay won’t make a difference. A lot of people not paying, but not talking to each other, is kind of a wild card. But if you and fifty thousand of your closest friends went to DC together to tell your reps this is unacceptable, and if they want to sleep at night it will change, maybe we’d see change.
But organizing is really hard and I don’t know how to go about it effectively.
An rendition of Trump’s Greater Depression:
My only hope is that America slingshots back to Roosevelt era policies. Wild that this exact shit happened and what saved us? Oh social programs and high tax rates on the wealthy.
Don’t pay. Debt strike.
Quick numbers for those reading:
- Overall debt grew by $93 billion in the last three months of 2024 – and about half of that increase was new credit card debt.
- Americans’ total credit card balances now stand at a record-high $1.21 trillion.
- Americans hold nearly $1.7 trillion in auto loan debt.
- Americans’ total household debt is $18.04 trillion – including credit cards, mortgages, auto loans and student loans
STUDENT DEBT:
- Americans hold $1.62 trillion in student debt.
- Missed federal student loan payments were not reported to credit bureaus between 2020Q2 and 2024Q3.
- Consequently, less than % of aggregate student debt was reported 90+ days delinquent or in default in 2024Q4.
- Missed federal student loan payments will likely begin appearing on reports beginning in 2025Q1.
Here’s the report: House Hold Debt and Credit: Q4 2024 (published 2025 by Federal Reserve Bank of New York)
It says “Trump’s changes to income-driven repayment plans.”
I don’t get it - aren’t student loans fixed amounts, with monthly payments calculated to pay off the loan after a certain amount of time? How can they just raise the payments?
Not much detail in the article but it does mention Biden’s student debt forgiveness plan being blocked and Trump pausing applications for some income-dependent payment thing. Are we seeing people whose payments would have been reduced by either of those suddenly not having them available anymore?
Most people are relying on income-driven repayment due to high interest rates and inflated tuition costs. IDR reduces your monthly payment to a fixed percentage of your income, but it does not scale the interest generated on the principle. The new SAVE plan was intended to scale the interest along with the monthly payment so your debt wouldn’t keep piling up due to being on IDR.
Trump is removing all forms of IDR and blocking applications to renew existing plans, which means everyone will be forced to pay their full monthly amount (which is based on a 10 yr payoff plan). A lot of newer student loans are close to ~$100K or more, so imagine trying to pay that off in 10 yrs in the current job market.
Prepare for mass defaults on loans. This is absolutely going to crash the economy, and will very likely be worse than the housing market crash in ~2009.
This is absolutely going to crash the economy
That’s going to be offset by the coming war in Central America, ostensibly against the cartels that he is claiming are running the region.
Thanks for the details - it sounds like you’re saying reduced payments under IDR are basically partial payments, which I assume would be applied only to the interest, thus making the debt last forever. Sounds like a plan bankers would come up with to create perpetual interest revenue. SAVE makes a lot more sense in terms of actually helping people - so no wonder Bonespurs & Company would block it. Can’t have Big Gubmint interfering with the freedom to indenture people.
My mom qualified for, and received, federal student loan forgiveness. Yes, she had to make payments and work in a qualifying job for 10 years but due to her low income the payment amount was adjusted down.
Unless you’re in a position that qualifies for loan forgiveness, and you trust that forgiveness will be there when you qualify, income based payment rates are not a good idea. The total amount owed by my mom actually grew over the years because the amount she was paying was less than the amount of interest charged. For a bit when she was 8 years in she had a scare that she wouldn’t qualify and was shocked to find this out, despite saying “I’ve paid thousands!!!”.
Your average American isn’t very financially literat, or lives in the land of denial, which makes them easy to take advantage of.
This right here.
My partner graduated with a Master’s degree and about 40k in loans. After paying on an income driven plan for 10 years, they now only owe 45k!
Good time to point out that only about 30% of PSLF applications are accepted (so working for public sector for shit pay for 10 years has about a 30% chance of working) and (last I checked) only 37 (not %, but total) IDR plans have been forgiven.
You have been sold a lie about college. A degree will not get you a job. It will not get you 60k starting and double it in 4 years. Your field will not be hiring, and if it is, they’ll want a doctorate and 10 years experience for barely a livable wage. Cancel student debt. Raise minimum wage, cap maximum compensation, implement a progressive tax rate, and establish social services so people can retire and turn over their jobs and roles to the next generation.
Largely agree. The “right” degree in the “right” field you can land a decent paying job. There’s no guarantee that this degree/field lines up with your personal interests, which will make it harder to do well in the field. There’s also no guarantee that the the degree/field will remain relevant over time. If you’re in the corporate job a fun/rewarding/engaging job is not common. Much more common is a boring, soul crushing, or grind fest type position. If the only life advice you get when you’re young is “go to college” the odds of choosing the “right” degree/field is not very high.
You can absolutely make more going into a trade. Be a plumber, an electrician, a lineman, etc. Beyond trades, America is forgetting how to make stuff and that was a major source of higher paying jobs. There are also a number of interesting shocks on the horizon - the decreasing birthrate, changes in worker aptitude, a culture that leans into instant gratification (action!) over long term results, etc.
They’ve basically removed all forgiveness options. Were you on year 9 of 10 working towards PSLF? Did you plan your life around it? Whelp. Enjoy the rug pull.
Your average American isn’t very financially literat, or lives in the land of denial, which makes them easy to take advantage of.
I think everything that’s happened over the last century to desensitize and decondition the public’s survival instincts and common sense, has created a fertile, open field for con artists and hucksters to harvest. And now they’ve convinced America to put them in charge. What could go wrong?
Experiential avoidance isn’t a new idea. Humans have a prepotency to ignore their problems vs tackle them head-on. We also like to avoid long term planning.
I am not a fan of many of the current administrations coming into power across the globe, but I do not think that an insidious plan to make us less free thinking/cognitively aware is the primary cause of this wave.
I don’t think there’s a plan either. By “everything that’s happened” I meant just that - things that have happened. Not a plan. The mere fact that this sounds like I’m envisioning a plan just reflects how popular that type of thinking is nowadays. People attribute all kinds of things to heinous plots. Two major things that have happened over the last century are unprecedented comforts and conveniences, and overexposure to fiction.
Technology and well-organized logistics have brought us goods and services our ancestors could only dream of. If we still had their life expectations we could be living lives of comparative ease, with all kinds of spare income and free time. But in parallel with new toys that eliminate various survival needs we’ve also developed erxpectationa that make us want/need to consume more and more, so our expenses always stay a little ahead of our incomes.
At the same time entertainment, especially fiction, has become vastly more available than ever in history. We can escape reality in more ways and forms than humans have ever been able to. Cheap book printing, radio, television, and now the internet have made fictional characters and their lives seem so vivid and real to us, they’re part of our vision of how we’re supposed to be and how life should be. This leads to all kinds of disillusion and feelings of inferiority - life just isn’t as exciting, dramatic or entertaining as it should be, based on our fiction-distorted vision.
We’ve become more childlike and incapable. Americans tend to think we inherited “pioneer spirit” - most of us couldn’t pioneer our way out of Walmart. But this wasn’t anybody’s insidious plan, it just happened. We’ve responded to new developments the way we have because apparently that’s how we work. How that turns out is anybody’s guess.
Now this I totally agree with. Between everything you said above, climate change, and many societies having a birthrate below the replacement rate, it will be very interesting to see how the next century or two plays out. Not that I’ll be around to see it.
The US has income based repayment plans for all federally guaranteed loans. By removing or changing the limits in the formula, which is likely what Trump did, people that were paying $50/mo might have to pay market rates for their repayment which is unaffordable to pretty much everyone.
With ibr your interest tends to not increase despite having a much longer repayment time, allowing you to, you know, live and pay your student loans instead of having to choose in most cases.
this story is actually insane.
$5000? …A month? A sudden rate increase 10 times the agreed amount? This smells like rage bait. We are not in post-World War I, Germany, yet.
You are post world war germany. Namely 1933. Wake up.
My partner was eligible for ~$750 per month repayments under a Biden era plan that Trump scrapped. They now have to pay ~$4300 per month. The headline isn’t far off.
I mean… There’s a full article explaining the cause for the increases, it’s not like there’s no reasoning provided.
The article says the loan costs have increased and gives lots of examples.
It doesn’t explain why the increases have happened.
Try again. It’s the 4th paragraph.
Last month, a federal judge blocked the Biden administration-era SAVE plan, an income-driven student loan replacement program with 8 million borrowers, claiming it lacked the authority to forgive millions of dollars in debt. In response, the Trump administration paused all applications for income-driven repayment plans and online loan consolidation, leaving some borrowers in limbo struggling to make ends meet.
But that’s new applications. It doesn’t explain why existing loans have increased.
Maybe cause of the 5trilion the US market has lost?
I don’t see the connection between the stock market falling and student loans being more expensive.
The fact that it’s bad doesn’t make it impossible.
No, but it sets off “potential bs” alarms. It doesn’t matter whether you agree or disagree with it, headlines tend to misrepresent for clicks, this is just the truth.
It makes me uncomfortable when people suffer so I just pretend their suffering isn’t real when it challenges me.
FTFY
Interesting, see I would have translated it as
I don’t just believe all of the shit I read on the internet because I don’t have my head a mile up my own ass
But i suppose I’m not fluent in lemming so what do i know.
Maybe if you were fluent in English you could have said what you meant in one attempt.
it sets off “potential bs” alarms
Pretty clear to me, I guess my problem was assuming I was speaking to another adult, and not a child who would react to a made up perception of what I meant instead of the words I actually said. Exactly like the kind of person who just believes every headline they read as long as it aligns to their values.
My university costs increased over the years to almost double of what I paid on the first years, I wasn’t on debt, the cost of monthly payments just increased every semester.
Can’t recall an education
I worked hard so I didn’t have to take loans. I never had much pity for people who did take them. They were obviously predatory and the math never checked out. Any amount of cursory research on it would have shown that. They took those loans, didn’t have a plan to pay them back and have begged politicians to spend my tax money on bailing them out.
Middle class America doesn’t need to be bailing out someone who graduated from a four year degree. They’re not any more deserving of the money just because they’re gullible or ignorant at best.
In glad you don’t have loans. Some people are not able to get higher education without loans due to a variety of factors. I don’t know why you’re comfortable calling what are likely teenagers gullible or ignorant when the loans are predatory by nature, and are likely handling their very first “adult” purchase.
Education should not only be accessible to the wealthy. Middle class America has bailed out the banks, companies “too big” to fail, even other countries. Middle class America paid for PPP loans and forgiveness. We have bailed out billionaires over and over, but college is crossing the line?
I want my taxes to pay for education. And not just education that “makes sense.” I want to pay for one kid’s gender studies with a minor in dead languages, as well as the kid going for oncology. I don’t want anyone to question getting an education because of the price. An educated society is an investment for everyone. The American people are deserving of the taxes that they pay into.
I think we should go much further: Being educated should be a JOB. We pay the students, so that they focus on learning. Provided this grade-based income is less than a “real” job, they will naturally migrate into the workforce.
This will undoubtedly require a major rethinking on what an economy is, how it works, and why it should exist in the first place. But I think we are close to American Capitalism being milked dead, so we should start thinking of new approaches for whatever is to come after the fall.
That’s an awesome idea! It would make it so much easier for people.
There’s also the fact that students fully know they’re getting screwed but you don’t have a choice in this country
An educated society is an investment for everyone.
And the insane thing is, that is proven in case after case and should be one of the core tenants of any society. It’s just that - if you make them dumb, squeeze them only a little at a time, and tell them it’s not your fault - you can get more profit for yourself. And we, as Americans, haven’t been squeezed enough to break free.
Paying off their loans for fix the cost of education crisis. It kicks it down the road for our children to fix. With added costs since we’ve set a precedent that it will be forgiven. Advocating for student debt forgiveness is advocating for throwing fuel on the fire.
Any payoff without a meaningful plan to fix the root cause is robbery of the middle and lower class by upper middle class and upper class children with a predisposition to high income.
The idea is it would be forgiven and then education would be free or highly subsidized. It’s middle class and lower class that are hardest hit by these loans as it is. Upper class children either don’t need the loans or take our less. Yes, it’s frustrating to be customer 99 instead of 100, but, I mean, grow up. Education is planting seeds in a garden we’ll likely not live to see, but that doesn’t mean we shouldn’t till the soil just so the next generation has it as difficult as we did. Taxes are going up as it is, I would rather it at least be going towards something meaningful for a change. Free education. Free health care. I’m already paying for it. You’re already paying for it. I want what we paid for.
If we subsidize it or pay for it with a fund generated from the people who profited from the predatory loans that would be fine. Why does average Americans need to pay for White upper middle class kids to get ahead?
God bless you and your ability to give such a gracious answer.
PPP loan forgiveness already happened, so why should they be the only ones?
The PPP loans should not have happened and should be prosecuted. You can’t be mad the bank robber made more money than you, you should catch the bank robber instead.
How does forgiving debt help rich people? They aren’t the ones burdened by it.
People who have a large amount of debt from school are much, much more likely to have higher paying jobs. Someone with a Masters in Comp Sci doesn’t need a handout paid for by the lower and middle class.
I did a quick Google search which indicates that the average American income for people with a bachelor’s degree is about $60,000 (ballpark). That goes up to $80,000 for Masters. Plumbers make about as much as someone with a bachelor’s degree. Problem is that $80,000 a year, while a decent living, is not rich. If you think it is rich, god bless you
The bulk of government disbursements should be paid by those who have the bulk of the disposable income, but tax policy (and the fact that I think you’re full of shit based on my own experience with people with master’s degrees) aside those disbursements should go to people on the basis of need, perhaps quantified as income, and you could call them “Income Based” or “Income Driven” and…oh wait, that’s what the Trump administration just got rid of.
such lazy bait.
Such lazy students.
Ok boomer. Now get back in your recliner. Wheel of Fortune will be on in just a minute…
Man, why do losers always have anime pfps? Is that supposed to be some shitty OC or something?
waterfoul? more like what-a-fool
4 days old.
Bye, foul water!
OK boomer
Congratulations you were the smartest 17 year old on earth here’s a fucking cookie go masturbate or whatever
How long ago was this? Which state? Which degree?
btw account is 4 days old, might be a troll
Show me the redacted screenshots of your bills being paid in cash and I’ll believe this bullshit. 🙄
It’s not even that expensive to go to community college for two years and then a state college for two years. You guys are completely delusional and disconnected from reality.
Even with books and the price where it’s at now, it’s about 35,000 dollars. When I went it wasn’t too much cheaper. That’s without any aid or scholarships. A Pell Grant would give you about half these days. It’s easy to get 2k from state scholarships. You’re probably looking at 18k conservatively. I got a few other scholarships/grants and only needed to pay 12k. I put 500 aside every month for two years. If you can’t find that money you are living above your means.
Most of the people looking for relief went to a nice state college for 4-8 years and used loans to live on campus. I’m more than happy to review full debt relief for disadvantaged people. I’d donate to fund that. I’m not sacrificing my son’s future to have some white kid who makes 125k annually doesn’t have to pay back the party loan he took and his parents have the ability to pay off.
All I had to do was pour concrete for two years before I went and live well within my means. Done. Paid for. The people who took the loans were lazy and chose the easy route. They wilfully ignored the obvious signs that it was predatory. Now they want to make the situation worse and have lower classes pay for their loans and compound the issue for our children. Most of them are white kids with well off parents who could afford it if they wanted to. This is a wealth transfer from the poor and middle class to wealthy white people.
Thanks for the anecdote, but I could make up any story I want to explain anything I want. Without proof, your words mean nothing. There are plenty of holes in the other ideas you espoused, but I’m not going to waste my time on this website to shine light on them. You believe everyone who didn’t do what you did was lazy and stupid, so you’re not really worth my time to have a conversation with.
middle class america
You mean above the poverty line?
spend my tax money
Oh I’m sure you put in more than you take out.
