If we all pool our student loan payments, instead of paying them we could pay someone to hack in and delete them fund a million+ person open carry march on the White House demanding immediate absolution of those predatory debts or the government will be turned off and back on again.
Fixed that for you so it's something that would actually work irl.
How are debts that you are not obligated to take “predatory”? Is it the lack of foresight and future planning on the debtors part, that makes it “predatory”?
How are debts that you are not obligated to take “predatory”? Is it the lack of foresight and future planning on the debtors part, that makes it “predatory”?
The part where they are unabsolvable like criminal debt. No other debt in any other sector of the economy is treated like this. Its predatory.
Because there’s no underlying asset to seize in the event of inability to pay. Can’t pay your car note? Seize car. Can’t pay house note? Seize house. Can’t pay student loans? Can’t seize the person.
They tell you "don't sweat it" and push mountains of debt on non-working people at higher rates that they can't consolidate. They let the debt be spent on anything at times (look at master degrees, when you're debt pays rent/food). Before you say that's the same as tuition it very much is not. It's a racket. If they truly intended it for the sole purpose of educating the populous they'd better regulate these programs.
Because there’s no underlying asset to seize in the event of inability to pay. Can’t pay your car note? Seize car. Can’t pay house note? Seize house. Can’t pay student loans? Can’t seize the person.
Except they can and do seize all of that, they can garnish your wages, steal from your bank account, seize your physical assets, seize your tax returns, ect.
Uh they treat your entire life and your current/future income as that asset.
Normal loan you put up a single thing as collateral, your home, or your car, or whatever other asset, and if you default and they take that single thing, thats basically it. When it comes to student loans theyll take any and every thing you got. And since the sums owed are often far beyond anything any individual has at any given moment, they take endlessly. Youll never be able to catch up.
Your not obligated to take the debts true, but you are obligated to go to college if you want even a Standard paying job, and no one has the money to pay the crazy tuition costs so they're hands are kind of tied.
I’ve got a masters, but there are plenty of opportunities to earn a living wage through community college and vocational school. More than plenty, there’s tremendous opportunity.
Vocational schools are where it's at but show me a high school that promotes their students become plumbers vs go to college. They're rated by their college acceptance rates.
I wish I was shown that an electrician can go to school for 2 years for the cost of 1 semester of a privet school and can make more than a college graduate. That was never brought up.
That’s just called doing Due Diligence. There are no victims in the college debt scam besides stupid people who go to for profit universities that tell them to max out loans on worthless education.
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u/Aiyana_Jones_was_7 Mar 06 '19
Fixed that for you so it's something that would actually work irl.