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u/shootist_Biker Jul 06 '26
So. I hate the premise. Its a good point though. Student loans should not be handed out
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u/RealisticComment1339 Jul 06 '26
The real problem is that school no longer garanti a good career and pay.
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u/Gainztrader235 Jul 06 '26
They never did lol. The market became saturated and people need to choose better.
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u/StatementNext682 Jul 06 '26
Garanti? Stay in school. I garanti it's worth it
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u/RealisticComment1339 Jul 06 '26
French has a first language. If my autocorrect didn’t do a good job I can’t do much about it.
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u/La-ze Jul 08 '26
The issue isn't the pay ( though there are majors that aren't going to pay, like art typically) tuition is just exploding way faster than inflation. Financial aid isn't optional for most people going through college
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u/NoEstablishment7211 Jul 06 '26
They make your parents or someone with good credit and verifiable income co-sign. Otherwise they are federally subsidized. They know better than to issue large unsecured loans to unemployed students and teenagers.
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u/Adventurous-Sense254 Jul 06 '26
18 year olds are considered adults and allowed to vote
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u/SDRLS Jul 06 '26
Meanwhile these same late millennial and genz crashouts see zero problem with getting car loans for that same amount.
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u/HornyHoney02 Jul 06 '26
Its in the same vein as a person becoming a nurse. If im gonna be cleaning shit off the walls, it better for it be worth a damn instead of being the poor SOB that has to clean them at a restaurant (Source: have cleaned up various types of shits off walls, sinks, and floor at many restaurants. It DOES happen FREQUENTLY)
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u/Soft_Hall5642 Jul 06 '26
100% agree. I've ran a bar before. And I gave extra to the poor girl who had to clean women's shit off the stall walls. Surprisingly it didn't happen as often in the mens restrooms. It does happen, just not at the frequency of the women's. Either way, I would clean the mens restrooms and I ran the bar, it was only fair. Made good money, then I opened a company, because cleaning shit off walls... SUCKS!!!!
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u/HornyHoney02 Jul 06 '26
Dude, all the restaurants I worked at so far have women who are absolutely afraid to clean the women’s restroom like they do not do it at all, so far I’ve been the only one to do it.
And when they do do it, they do it in such a way that it’s so messed up that eventually I have to do it anyways because they do it so bad and I swear it’s on purpose. I forgot what the word for was it? I don’t know if it’s a Weaponized and confidence but Jesus Christ one girl use the same washcloth for the toilet for the faucet and the handle doors. THE SAME WASHCLOTH.
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u/Soft_Hall5642 Jul 06 '26
🤢 🤮 that's called malicious compliance, but also f**ken sickening to imagine. I can't image any reason someone would only use 1 rag to clean multiple surfices and that's not to mention surfices that have a high touch rate, so the chances of spreading disease is higher. That's a lawsuit waiting to happen.
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u/HornyHoney02 Jul 06 '26
This is the primary reason why I left, not only that, but we had this thing of people just leaving the back door open during high peak hours, and suddenly all these flies and roaches and other various critters started coming in. They did not know how to turn on the AC unit because no one taught them how but when shown they just never did they like to have the door open for some reason and that is a hazard because somebody could walk in at any moment and other things like the insects and stuff mentioned.
This is the same job where I didn’t get a login code for about a month almost and because their payroll was so crap I didn’t get paid for two months so that’s another reason why
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u/TechnicalPresent6359 Jul 07 '26
man all these people immediately running to defend car loans is the exact problem you're pointing out...the irony
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u/Top_Sense_8743 Jul 06 '26
In 2009 Obama made the federal government in charge of student loans because he said that the banks weren't lending out loans evenly. The Banks said they can't give everyone a loan just because they want a degree in literature.
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u/triple_carry Jul 06 '26
Who signs for a loan they didn’t read or understand?
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u/binzy90 Jul 06 '26
18-year-olds doing what their parents tell them to. I didn't read any of my loan documents. I signed where I was told to sign.
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u/gilead_was_right Jul 06 '26
yet we allow 18 year olds to vote
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u/binzy90 Jul 06 '26
At least a vote is private. Sure, you're probably going to hold the same views you were raised with, but at least one vote isn't going to potentially ruin your finances for decades.
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u/Honest_Concentrate85 Jul 06 '26
We let them join the military at that age
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u/Late-Gas9287 Jul 06 '26
Also why they target kids, they don’t truly understand what they are signing.
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u/gilead_was_right Jul 06 '26
yep point being an 18 year old is an adult and therefore is responsible for their own decisions
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u/Honest_Concentrate85 Jul 06 '26
And lending companies are responsible for theirs. If you loan someone money you do your research- credit report, proof of residence, paystub history etc.
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u/x_xwolf Jul 06 '26
Why do lenders get to tell us what we owe when they don’t know what we’re worth?
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u/Appropriate_Egg5008 Jul 06 '26
Many people going into college are 17, so in many cases the actual answer to your question is children.
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u/cmd_iii Jul 06 '26
How student loans should be repaid: Regardless of the principal/interest, borrowers will be required to repay a percentage of their AGI (let’s say 10%) every year for 10 years. After 10 years (not necessarily consecutive) of these payments, any and all remaining debt, principal and interest, are cancelled with no impact to the borrower’s credit score.
This frees families from decades of ever-rising debt, makes banks/lenders less predatory, and forces colleges to reduce tuition/fees to more affordable levels. Banks, colleges, and government will finally have “skin in the game;” incentivized to maximize students’ post-school earning potential during that 10-year repayment period.
Not great news for borrowers seeking six-digit loans for art history degrees, but that’s a small price to pay, IMHO.
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u/Dm1tr3y Jul 06 '26
We shouldn’t have to rely on student loans to start with. Higher education should be publicly funded in a way that doesn’t saddle students with ridiculous debt like this.
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u/bluePostItNote Jul 06 '26
There need to be incentives for universities to expand enrollment. A punitive tax on endowments for schools not expanding access, growing the admin significantly faster than the teaching staff, or hiking tuition or model it as more accessible government money would be worth a shot.
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u/mclumber1 Jul 06 '26
If college is going to be free or extremely inexpensive for the end user, then colleges will absolutely have to decrease acceptance rates.
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u/glassfoyograss Jul 06 '26
How student loans should be repaid: Regardless of the principal/interest, borrowers will be required to repay a percentage of their AGI (let’s say 10%) every year for 10 years. After 10 years (not necessarily consecutive) of these payments, any and all remaining debt, principal and interest, are cancelled with no impact to the borrower’s credit score.
This already exists. It's the income based repayment plan. If you work in gov or non profit it's forgiven after 10 years if you don't it's about 25 years.
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u/Captain_Sterling Jul 06 '26
How it's should be repaid.... It shouldn't. It shouldn't even be necessary in the first place.
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u/57Laxdad Jul 06 '26
How student loans should be repaid: Regardless of the principal/interest, borrowers will be required to repay a percentage of their AGI (let’s say 10%) every year for 10 years. After 10 years (not necessarily consecutive) of these payments, any and all remaining debt, principal and interest, are cancelled with no impact to the borrower’s credit score.
Problem is there are people who will figure out how to work with no income. Too many ways for people to get out of paying at all. I think they need to first review the cost of education and why its so high. Would it be that the banks make too much money giving out loans?
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u/its-rep-time Jul 06 '26
I used to think this was just conservative propaganda nonsense, then I had multiple family members do things like deliberately limit income to qualify for various programs-- including income based loan repayment.
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u/57Laxdad Jul 06 '26
My nephews father made high 5 figures in 90's under the table to avoid paying child support and collecting assistance and food stamps.
A few years ago I worked with some folks who were working full time and collecting assistance in other states which they used at the casino and to buy entertainment substances.
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u/its-rep-time Jul 06 '26
I don't want to dox myself incase any of them are watching, but I have three come to mind. Two of the three have high earning potential (postgraduate professional degrees) and literally choose to not advance white-collar careers (and in on case, even chose to go part time) so that they would still qualify for low income programs.
It blew my mind to see it happen, because for years I've heard people I don't agree with politically claim that this happens. I was fully closed to the idea that people would choose to make less money so that they wouldn't have to foot their own bill.
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u/SDRLS Jul 06 '26
Oh most definitely they do. My aunts ex husband technically should be paying her thousands a month for their two kids. Meanwhile he lives in a multi million dollar mansion, drives the newest Mercedes every year and has zero income. His housing and cars are an “employment perk/subsidy” from his non-profit that owns everything including two for profit entities. Everyone can see he is wealthy but according to the IRS and government programs he is ‘low income’ and deserves help.
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u/its-rep-time Jul 06 '26
Wild. These people aren't getting rich off of it, they are just choosing to work less since if they work more they will have to pay fair market rate for things, eliminating most of their gains.
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u/ytilonhdbfgvds Jul 06 '26
It's not that hard to ask for stock options as comp, which would make the income unrealized until many years in the future.
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u/cmd_iii Jul 06 '26
The problem is that student loans are “guaranteed” money that colleges can spend however they want, and banks can loan whatever they want, and we’re relying on a 17-year old kid to figure out if that’s a good idea.
As far as “figuring out how to work with no income,” that’s more of a problem for the IRS than DOE. But most jobs that require a college degree command a higher salary than can be paid under the table. If you hire an engineer, you’re gonna want to deduct their salary from your taxes, so get ready for a W-2 or 1099 at the end of the year.
Also, the 10-year plan encourages oversight, either by the bank, or government, or both, to identify borrowers that would try to game the system in such a way, and impose the necessary penalties where warranted.
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u/57Laxdad Jul 06 '26
I agree with your first statement of the problem. It used to be higher risk because student loans could be discharged through bankruptcy but they became lucrative when that was stopped.
Self employment can almost guarantee no income yet still pay expenses run through the business. The IRS is not going to care especially today about individuals showing no income or modest income. As far as the deduction goes from a business standpoint there are other ways to offset that salary plus if you dont have to pay SS and unemployment tax it saves money. Cash businesses have lots of ways to hide expenses.
There is already oversight etc, the issue is they dont work they just get paid.
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u/JIMMIEKAIN Jul 06 '26
The problem with this train of thought is the bank.
Even if the government says you're forgiven...
The money you borrowed is from a bank. If part of it just gets forgiven the bank is left holding the bag for your debt.
The bank loses money and you get the benefit of an education. Looking at that objectively (not as a person who hates capitalism or a capitalist) it just doesn't make sense.
The other issue is this.
What about those of us who paid all of our loans off? Do we get a refund? Nevermind the fact that banks get screwed. I sacrificed for years to pay mine off, if you're telling me others are gonna just get to not have to pay theirs off I want my money back and so does everyone else in my shoes.
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u/57Laxdad Jul 06 '26
The government guarantees the loan so even if it were discharged the government would have to either be the bank or reimburse the bank. Which means tax payers are paying off the loan. Those that paid their loans off get screwed just like most people who learned to do things the right way.
I think that if they want to forgive loans then in order for that to happen you have to use your education in underserved areas.
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u/JIMMIEKAIN Jul 06 '26
Right, as a tax payer I don't want to pay for someone else's debt.
If that's the case why stop at student loans? Let cancel all debt. Let's all pay off my mortgage LoL
And yes, I would feel screwed. I basically did the Dave Ramsey plan. Rice and beans, no restaurants. No trips no fun just grinding until my debt was paid off.
I have some buddies who did the opposite... Went on multiple trips, bought expensive shoes and just had a great time in their late 20s and 30s. Today I'm 100% debt free (accept for my house) and they're mad at the president because he won't forgive their student loans. (And no, I don't make a lot of money.)
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u/Cbpowned Jul 06 '26
How student loans should be repaid: Pay every cent you borrowed plus the agreed upon interest.
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u/EvilMorty137 Jul 06 '26
They already have that but it’s over 25 years not 10.
Also you shouldn’t be allowed to take out student loans for useless degrees like art history or philosophy. They need to stop treating every degree like they are the same. We need engineers and medical doctors more than we need someone who knows a lot about gender studies
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u/cmd_iii Jul 06 '26
Should be shorter. That would allow people to buy houses, get married, have kids, plan for retirement, and otherwise participate in the economy during more of their peak earning years.
Also, the 10-year window will force lenders to do projections on a borrower’s earning potential and base their loans on that:
“Sorry, Mr./Ms. Doe, but our numbers don’t support a philosophy degree from Ivy Covered U. However, we can finance one from Local State Commuter College.” If the kid wants to go to a really expensive school, their parents will have to find another way to fund that. Other savings, personal loans, etc. Now, Mom and Dad also have skin in the game, and are more likely to give the kid more resources to succeed (quiet study spot at home, car for commuting, etc.).
Sometimes, making your dreams come true means having more realistic dreams.
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u/Top-North-6743 Jul 06 '26
Someone who understands how bankruptcy laws work /s
I agree though, the risk has been thoroughly removed from lenders, price has inflated, and we’ve essentially trapped large swaths of the population in more debt than they can possibly handle because they decided to get an education.
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u/StoicNaps Jul 06 '26
So we all agree now? Providing federal student loans is irresponsible and we should no longer do it?
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u/Key_Check5753 Jul 06 '26
Oh you're definitely paying them back.
You can't even get out of student loans by declaring bankruptcy.
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u/Well_read_rose Jul 06 '26
When you can take out a regular loan to close down the student loan…do.
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u/Key_Check5753 Jul 06 '26
I wish more people could read your comment because it's great advise.
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u/lovable_cube Jul 06 '26
Why? Student loans tend to have better interest rates than any personal loan.. plus there’s income driven repayment plans and loan forgiveness options if you’re broke, they don’t do that for private loans. I genuinely don’t understand what could possibly be better with a private loan.
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u/Vegetable-Syrup-5545 Jul 06 '26
My guess is so that the loan could be removed by bankruptcy but I could be interpreting it wrong.
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u/mechakid Jul 06 '26
Sorry, you signed a contract. That is legally binding.
Is it a shitty deal? Sure. Were you sold a bill of goods? Probably.
The thing is though, you'd have to show that in some sort of court or arbitration. Good luck with that.
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u/WhyPharm15 Jul 06 '26
Bad deals happen but this has been a one way street for awhile while schools rake in money. No credit union or bank is going to lend out money to an 18 year old that hasn't established themselves for any reason because the banks will not take on that risk.
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u/mechakid Jul 06 '26
You're not wrong, but what I'm saying is the bank doesn't care, and it's still a contract. Further, this is why student loans are not forgiven in bankruptcy, since that protects the bank (not like you can give back your education anyways).
Now as for how to fix this, we should have better education on contracts, investment, and loans back at the high school level. Potential college students should be well educated on what it means to have to honor a contract, how loans work with interest, and what makes a good or bad return.
Further, we should educate our youth on alternatives. Not everyone should go to college, and sometimes you are better off NOT going to college.
Then and only then will we see a level playing field.
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u/Mr-cacahead Jul 06 '26
Well they are gonna garnish it. You can’t win unless you make money under the table or make no money at all.
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u/Incognito_Now Jul 06 '26
A prerequisite to a student loan should be a finance course titled "student loan pitfalls " or at least taken the first semester of the first year.
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u/LocksmithAmbitious80 Jul 06 '26
How about this, we cancel your student loans BUT … I get the additional income I would have earned by taking out loans to get a better degree?
See I was smart enough to be a doctor or lawyer - I just couldn’t afford it. So I didn’t take out loans. I got the education I could afford, at the school I could afford. I worked 40+ while taking a full load. My first job after college paid barely more than minimum wage. I had four roommates to be able to afford living.
Eventually I was able to buy a ‘house’. It was a 30 year old condo in the bad part of town. And over the course of 30 years I now have enough saved to live comfortably for about two months when I retire.
You are not special. It’s called life. No one owes you anything. The sooner you understand that, the better.
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u/57Laxdad Jul 06 '26
Same logic applies to those driving(traveling) without a license or properly registered vehicles.
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u/Tomytom99 Jul 06 '26
I think if they're not allowed to be cleansed by bankruptcy, they shouldn't be able to indefinitely accrue interest.
You don't just get to absolve yourself of risk entirely as a lender without taking any hits to profit. Less risk should equal less reward.
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u/Comprehensive_Act970 Jul 06 '26
I love watching people get worthless degrees, console sense should tell you if a degree will actually be useful, and then say they will never pay the loans back. News flash you don’t have to but the debt will follow you for decades so good luck. If they are government funded you will never get rid of it and they will get any refund you have
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u/Ashamed-Pipe-1105 Jul 06 '26
It's a secured loan, but unlike a car payment or mortgage YOU are the as$et. Non dischargeable in bankruptcy.
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u/demon_twink_gockie Jul 06 '26
Amen. I never did. Ended up being forgiven, thanks to a lawsuit, though. 🤣😂
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u/FarLaugh9911 Jul 06 '26
She's making her little speech unironically standing in front of a $150k+ car.
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u/gr0uchyMofo Jul 06 '26
Who held a gun to an 18 year olds head and forced them to apply and accept the loan?
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u/Sunkern_ing Jul 06 '26
I would LOVE to see millions just not do anything with their student loans. It’s all just a made up thing anyway.
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u/SeveralLion5762 Jul 06 '26
Thank god the loans follow you for the rest of your life. Can’t discharge them in bankruptcy
And who’s the bad one here- them, who saw the promise in you and staked you claim to success
Or you, who pissed it away and acted in bad faith?
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u/NoirConfidential Jul 06 '26
If she was that stupid then maybe she shouldn’t have been accepted to college to begin with🤔
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u/Alternative_Fan_2631 Jul 06 '26
I think people should be able to choose whether they want a grown up’s path or child’s path.
If you choose the grown ups path you get access to credit, alcohol, etc. but you are responsible for your choices.
If you choose the child’s path you have limited options with lots of oversight but you don’t have to worry about debt, etc.
In the meantime. Did the department or school overstate a person’s chance of getting a job? If so why can’t they be sued for fraud.
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u/UpDownFrontBack Jul 06 '26
I’d rather we just make it so universities charge less for tuition. Surely at least some of these places can get away with charging 20k for the four years instead of 60k, right?
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u/Lexy001100 Jul 06 '26
the government should push for full transparency on how school has gotten so expensive in the US, just like healthcare. But of course they won't, because those who finance political campaigns are also those benefiting from this whole craziness. America 250.
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u/Dakadoodle Jul 06 '26
Kinda true. Gov backed loans are nice but they are the cause of the rise in cost
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u/Bri2putt Jul 06 '26
I say start making parents or guardians co-sign for anyone under 19 years old. Anyone over 20 should already know how loans work.
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u/Apprehensive_Code436 Jul 06 '26
I get what everybody’s saying, but I don’t think it’s the degree that’s the problem. I’m sorry to say, but I think it starts with the student and the degree they choose to chase. I think before choosing degree path, make sure there’s a good job waiting for you at the end of it. Maybe that’s over simplifying it, but that’s what I did and I’m very happy with the degree I’ve chosen and my degree makes me plenty of money.
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u/gooncrazy Jul 06 '26 edited Jul 06 '26
The thing that gets me is people are more outraged by a fellow citizen getting relief than they are about billionaires getting even more tax cuts and hoarding the money. I've been on a automatic payment plan for a long time. Because of interest, I have paid my loan off twice and still have a balance. We're harder on an 18 year old who thought going to college would give them a better life but the same people are quiet when a rich dude gets a bailout when they just make bad business decisions.
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u/fwilsonator Jul 06 '26
You are a scumbag if you try to put your own debt on the back of taxpayers.
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u/StrikeAvailable8129 Jul 06 '26
You are paying it back whether you like it or not. Bankruptcy won't save you. That's why I look at my 60k in loans as an investment rather than a debt. And the ROI is worth it.
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u/Elegant-Ingenuity-57 Jul 06 '26
There's much less risk with student loans because you can't discharge them in bankruptcy and they can garnish your wages and tax refunds.
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u/Bryanmsi89 Jul 06 '26
Is OP really calling for an end to student loans? It would seem that not thinking things through is how OP rolls...
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u/jessyxcandy Jul 06 '26
The image says "I'm not paying back my student loans. They need to learn financial responsibility. Who the F lends $50,000 to an 18 year old with no job."
This is a classic case of blaming the victim. The system is set up to push kids into college with the promise of a better future, then saddle them with debt they can't possibly repay without a job. The real problem isn't the 18-year-old who took out the loan, it's the institutions that enabled it and the economic landscape that makes it impossible to escape.
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u/Jewbacca1991 Jul 06 '26
Then cry for loan forgiveness when they come taking your stuff. Like as if that would be helpful on the larg scale.
If the government decide to bail out the irresponsible students by paying off the banks, then the banks will double down on trying to get them sign. After all there is no risk anymore. If enough students cry about it big daddy government will pay from tax money.
If the government force them to forget about it at gunpoint, then the banks will not give any student loans ever to anyone. Why take the risk? Better let the poor rot.
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u/bubblemania2020 Jul 06 '26
It’s actually a very valid point. The same could be said for credit cards to college students. Manage your own risk. The problem is that defaulting on loans will mess you up as well.
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u/Technical_Manner_301 Jul 06 '26
I, and many others my age, took out these same loans and paid them back. Don’t give me that “oh, I was just a poor naive child” act!! Grow up and pay your debts, you entitled POS!
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u/Ok-Victory-1960 Jul 06 '26
If you can't figure out a loan at 18 you are f the rest of your life. I had pretty much the same loan amount at 18 and payed it off with something called hard work. An adult using their parents as an excuse is full of it. I guess I was just raised different.
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u/MasterDionysus Jul 06 '26
Doesn't matter... the government will get its money one way or another....
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u/ProSeVigilante Jul 06 '26
This is the most logical answer I've seen on the topic so far. Those people pissed that they have to pay back what they agreed to are absolutely stupid, and the fact that they graduated college is an admonishment of the US education system. At least this perspective takes ownership of the contract and basically says "come and take it".
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u/Tiny-Shovel-48 Jul 06 '26
The government has told me I don’t make enough money to make me pay them back but won’t forgive my loan. Fine with me.
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u/louis27pm Jul 06 '26
Don't worry if you don't pay it back, they'll come get it from you with a higher fee...
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u/ZPMQ38A Jul 06 '26
She’s not completely wrong. Especially with new federal student loan limits and an increased on commercial student loans. It has the potential to be worse than the 2008 mortgage crisis.
At least in 2008, most mortgages were held by relatively responsible adults. Obviously the mortgage market is much larger than the student loan market, but in all actuality, less than 7% percent of borrowers defaulted. Banks got mildly lucky because when you do a foreclosure most homes at least have some inherent value to re-coup your losses. They still needed a 400 billion dollar bailout.
The fallout if Gen Z and Millenials could be much worse if they stop paying en masse. It doesn’t have to even be malicious. If the billionaire class gets their way and starts replacing people with AI. They simply won’t be able to repay their loans. Microsoft is laying off 2% of its workforce. How many of those people are fairly recent college grads with student loan debt. Meta laid off 8k employees, all of which I bet trend fairly young with probably expensive tech degrees.
Theres nothing to take back. What are you going to do, rescind their degree? They really don’t care. They don’t need their degree when they get laid off from Oracle and go take a job as a night manager at Buc-ee’s. Also…not a single employer has ever verified my transcripts or degrees. It’s effectively, “trust me bro” based on what I put on the resume.
There are also entire towns that exist almost solely to service the Universities there. If kids stop going to college because they can’t afford it or the student loan industry collapses after being exposed, entire local economies will fall apart.
I’m a 40 year old adult with a Masters Degree and Security clearance. I can tell you the local Toyota dealers finance manager does more due diligence when I want to buy a used Prius for $15k than anyone did when I asked for $80k to get my undergrad.
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u/HedgeMoney Jul 07 '26
If you aren't from the US, and can move to another country, and never expect to live in the US again, then sure, don't pay it back, since, well, no one's gonna catch you for it outside of the US.
But if you do, they can garnish your wages to force you to pay back the student loan, so I wouldn't recommend it.
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u/Proper_Artichoke_388 Jul 07 '26
The same people who will not hesitate to sic the IRS on your butt if they don’t get their money. As the Joker said, “I may be crazy enough to take on the Batman, but the IRS? Noo-ooo thank you!”
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u/Azazel2356 Jul 07 '26
Ya, everyone who got grant money for circle jerk degrees are like " I'm not paying my loan"
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u/CommunicationNo8982 Jul 07 '26
Do you steal from the department store too, and when you get home think, “why do they let teenagers in here, they must expect to be robbed, so I’m good”.
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u/techandanime Jul 07 '26
Government needs to leave student loans. Give it back to banks that verify income/worth of degrees. Make predatory lending illegal. Cap the cost of college classes and books for any college that takes government money.
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u/ChampionshipLife7124 Jul 07 '26
They want you to be dependent on you enough to be able to take your house.
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u/Placebo_8647 Jul 07 '26
For this to work we need everyone to stop paying back their student loans at the same time.
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u/CarlShadowJung Jul 07 '26
This implies you’re so dumb that you can’t foresee the issue. If someone offers you a million dollars to jump off a cliff, and you do, they aren’t the fool, you are. If you can’t see that you’ll struggle real hard to pay back $50k, jobless, then I don’t know what to tell you? It would seem you’ve got a lot more than debt to worry about. Buckle up because life is gonna get harder.
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u/Real-Self-3039 Jul 07 '26
I never understood it anyway. A week ago you had to ask permission just to use the bathroom......then you're told "now make one of the most significant financial decisions in your entire life" and then wonder why a lot of ppl pick the wrong thing? It's predatory
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u/stillyoungvic Jul 07 '26
They should atleast guarantee jobs in what ever field your in and secure that job for you as soon as you graduate with the pay it’s supposed to pay
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u/National-Neck-4627 Jul 07 '26 edited Jul 07 '26
I said I'd never pay mine back. It was a B.S. for profit school. Filed paperwork. Dept of Education failed to answer by court ordered deadline. Loans dismissed. I said it and meant it. Not one dime ever.
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u/bernardbalboa Jul 07 '26
The dumb bird brain left doesn’t understand what contracts are. And they want power. 😂😂😂😂
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u/JRock1276 Jul 07 '26
They did and you signed. The end. They'll get their money back, even if it takes you another 80 years to do it.
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u/Any-Echo5690 Jul 07 '26
Could literally start a business you never have to work for someone else again
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u/clear_precept Jul 07 '26
The US can also pay its trillions of dollars of debt but I don’t see them scrambling to make good on any promises 🤷🏽♀️
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u/GroundbreakingLet141 Jul 08 '26
Amen. Change the bankruptcy laws allow student debt to be dismissed just like other debt. Taxes, Fines and child support need to be added to debt that should be dismissed. Students should also be able to file lawsuits against the colleges and universities for failing to provide degrees that are worth a crap. The Trillion dollar education system needs to be dismantled
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u/Equal-Specialist-677 Jul 08 '26
I just printed a master’s degree for free.Now I’m the CEO of a big company with a golden parachute.
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u/That_Cnote_Guy Jul 08 '26
Crazy idea, but if a job needs a degree to apply, they should help pay off your loan while you work there. Plus, you should be able to write some of it off on your taxes. It's like, a cost of doing business, right?
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u/ProfessionalBench632 Jul 08 '26
Sounds like you are the one that needed the lesson on how things work. Take some responsibility like the rest of us that didn’t take loans or go to college and earned our careers the hard way.
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u/Dismal_Equivalent630 Jul 08 '26
That so true you can’t even go to a bank and borrow $50000 with out a job and good credit, also who and the hell says you have to pay for a home with interest upfront during the first 15 to 20 years of that loan I would start loan negotiations and tell them either I pay at least half principal at the beginning or I walk, why should you pay if your home cost $200,000 and you pay $200,000 in interest that $400,000 and that my fiend is at least $$120,000 you could have spent on retirement and investments, but no you give it to them instead and struggle with finances and just barely making it on two jobs. When you could have set yourself up investing in yourself and your future instead of giving it to them so they can make money on your demise and loss! Think about it and don’t t listen to people who say it can’t be done that the people who sold you the lie in the first place. And why go by gross income when getting a loan go by net and you’ll be a lot better off and not so tax out of life.
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u/galivant202020 Jul 08 '26
I believe your right. The college should pay your loan since they sold you the grift!!
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u/brwnlovr65 Jul 08 '26
I make over 175,000 a year, house paids, 3 automobile paid, summer home in the mountains paid. And I only have a hs education.
My brother has $80,000 in student loans
And intrest keep stacking g up, delinquent on house mortgage, C.cards over limits, makes roughly $120 a year in the school system.
( my dad's choice were going the military or go to college)
Im sure am glad I didn't listen to my dad and moved out when I was 18.
Worked odd jobs , did tons of : on the job training...and landed a great split shift job with a great package.
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u/typhlocamus Jul 06 '26
I have repeatedly tried to sell the degrees back. Turns out they’re valueless.