/biz/ - Business & Finance

>>10414646
>Americans

>>10414646
Philosophy degree?

>>10414646
holy fuck, and I thought I was screwed with $30k

>>10414646
There are low odds but it’s possible. In some very rare yet could be world where 4chan actually spawns a huge wave of new millionaires, you might have even $500k on your hands.

>>10414646
Yes, but you better be in STEM just in case

>>10414646
Are you done with school? Can’t you get into some student loan forgiveness program?

>>10414646
k-k-kek

>>10414646
Holly fucking christ, 95k debt... i would just default and move to 3rd world shithole and work on an oil rig till im 50. with thiis much debt you litteraly are a slave.

>>10414646
100k for education?
that must have been some lesson
I wouldn't forget it if I had to pay 100k either

>>10414646
I seriously cannot comprehend US education system, in Nordic country my 16 year education has costed me total of 1500 EUR, which i used to buy myself a computer. That is all my debt.

I see absolutely no reason to go to a school which will leave you in a massive debt like yourself. Your education system is absolutely disgusting and seems to take more from you than what it gives in return. Jesus fuck how horrible.

>>10414737
Yes I am done with school. I am unable to get loan forgiveness because it’s a private loan and not a federal one. This is actually after refinancing too....

How much did you borrow in principal?
At some point, you must have realized this is entirely wrong.

>>10414674
Business degree. Making 45k.

>>10414870
Anon, im sorry, im much weaker than you... i would just

>>10414877
I borrowed 60k. Average interest rate 8.75% for the original loan. I did not have any credit built up at the time and my parents were just getting back on their feet after some shit.

>>10414906
Your education system seems to me more like a cash grabbing-business rather than education. Im sure schools in US are decent but is the education truly worth that much? Fuck no it aint.

Knowing what i know, i'd seriously go study abroad to EU. The schools are top notch and dont cost you jack shit. The biggest studentloans im aware that people have taken are max 15k. And they spent it on stupid shit, lived like kings and after graduating paid it off in a less than year.

Im dead fucking serious, US students are pawns in a rich mans business.

>>10414906
Is leaving the country an option? I wouldn't be paying that shit back if I could get away with it

>>10414974
You pretty accurately described our system.

>>10414974
This

I just want to say that i truthfully, without questions nor hesitations would suck a big fat veiny fucking nigger dick if someone would pay my loan. I'd prolly suck it for free if i'd get a line of coke first but yeah. Im in so much debt after law school that im selling my fucking ass for old faggots to penetrate on. If you want to fuck hairy mans ass dm me at twitter @philakonecrypto

>>10414854
>16 year education

lol are you disabled?

>>10414974
Correct. If I could go back I would have went to Europe. Ya, I paid my 60K loans off eventually, but I should have had them to begin with.

>>10415068
k-12 + 4 for university = 16
pic related, it's you

>>10414854
Yep, pretty much. We are not a first world country, don't believe the propaganda.

>>10415094
holy fuck it equals 17, im retarded. i'm guessing the other guy didn't go to kindergarten tho, which would be 16

>>10414974
the issue with the US system is that the government backs all student loans and are they are not dischargeable by bankruptcy

this allows banks to make ridiculous loans to anyone, creating everyone flush with money to pay for school thus raising the price of college.

get rid of gov backed student loans, they'll become less amble, prices will drop drastically, and we'll have a better workforce because more people will go into alternatives like apprenticeships and not get a degree in underwater basket weaving for minority feminists

>>10414993
I don’t have the money to move to another country anon. I want to stop paying this shit but it will ruin my life even more. I am not allowed to receive a forbearance and cannot restructure my loan duration for lower payments

>>10414705
There are about 15 million millionaires in the world.
There's only a couple thousand people holding 10k LINK or more. If LINK hits $100 per token the amount of millionaires created will be a drop in the bucket, in the grand scheme of things. Not to mention that most of these people are inexperienced and will sell as soon as they can afford to buy a used car.

>>10415068

lol, this retard is working on his GED

If you weren't subsidizing the bankers and dumb thots your loans would have been 1/10 the size.

Americans are fucking unbeleivable. Paying that much to jump through some Jewish education hoops for a piece of paper and the prospect of earning lots of money for someone else.. Buy link.....

>mfw i get paid to study
24k link and accumulating
stay poor burgers

>>10415181
It’s because once the government stepped in to provide “financial aid” the universities all knew it was guaranteed money they would be receiving and began increasing the cost of college. And shitlords such as myself fell for the “you have to go to college in order to succeed” meme.

>>10415181
We have no choice. The system is entirely set up against us. Corporations have the American people cucked so hard it isn't even funny.

>>10415117
true. same effect happens in housing and healthcare.

Infact my education and training cost me zeroooooo, nil... 30yr old, nice home, vehicles, gf, handsome sob and smart enough to buy 87k link.

>>10415239
I envy you anon. I wish you a happy and successful life. God speed.

>>10415232
>>10415234
>>10415237
Honestly feel for you boys I do. Time to make a change. Only you control your destiny.. based UK guy.

>not just taking a $60 Mensa exam and skipping college
>not being able to start your career right out of high school because you needed a more expensive, more time consuming, and less meaningful accreditation

>>10414646
I hope you fucking learned a lot and got your degree for this kind of money..

>>10415258
Sending you positive energy anon. You can make this right.

>>10415271
I did. I improved my writing, critical thinking and analytical skills. My ability to research and study has vastly improved as well. I already have 3 years experience in compliance auditing.

>>10414906
8,75????? What the fuck? Is this serious?

In Europe, my interest rate is 0.5% annually.

>>10415321
Yup. And this is after 3 years of paying on my loan.

>>10415331
I refuse to believe this is True. My god, i didn't know things were that bad.

Over 5000 dollars In a year to interest?

Are sudent loan interest even tax deductable?

>>10414646
LOL
NOT EVEN FUCKING 100k LINK AND REQ WILL

>>10415068
How can anybody be this dumb? Did you even graduate high school?

>>10415370
$2,500 is the maximum tax deduction. Oh and this is just my private loan too. My federal one isn’t as bad but still.

>>10415068
uhhh, you're joking right?

>>10415068
>Can't even basic math
>Calls others disabled
Let me guess, American?

>>10415392
Still, a very grimm situation. Hope you manage with your loans.

How about loans for houses/apartments. Is interest as high for them?

My 70k housing loan has 1.25 annual interest

>>10415481
Mortgage interest rates I believe are around 4%

>>10415321
0.319% here. Feels great to be European.

>>10414646
Do you like Mcburguers and mozarella cheese? Because that's all LINK and REQ will get you

>>10414646

fucking hell.

I just got a 2-year vocational degree in security related stuff (costed about $1200) and now have a nice steady job that makes me about 45K with 0 debt.

I swear, most of these retards go to college just to quell all sorts of personal insecurities... "muh degree, muh brain".

Fk you. We have a beautfiul 45% anual rate here in argentkna

>graduate college with STEM degree
>have $7800 debt
>be stupid and get $20k auto loan
>think it's a lot
>pay it all off in a year with stem salary
>buy house
>marry grill
>oh btw I have $180k in student debt
>now have to pay off $400k mortgage and $180k law school debt for a housewife
>company's stock randomly pumps as my stock options vest
>Bitcoin goes to $20k
>pay it all off before 30

it seems like a lot at first but you will figure it out

>>10415130
>I don’t have the money to move to another country

If you had the money you wouldn't have to leave. Just take out a loan and buy bitcoin and move lol. Or just be a slave.

>>10415131
This. Everybody on /biz/ could become a millionaire and absolutely nothing would change for the world. It's not as unlikely as you might think.

>>10415868
Not taking out any more loans. Lol

>>10414646
Probably not. But there's hope if we have another bull run like 2017.
I was able to pay off $180k in school debt in 24 months with the help of my crypto gains.
>pic related

>>10414646
OP honestly if I were you I'd sell your REQ and buy LINK with it. Then just hold that shit until you're free. 3k LINK will definitely let you at the very least pay your entire loan in a year's time.

>>10415970
I also hold AMB and MAN. Currently waiting on MAN to get listed on binance so I can sell for LINK.

>>10415082
Oh yeah, i forgot to say this. If you student loan in Nordic country (lets say 10 000€) and you graduate in time. Goverment will grant you -50% reduction from your loan, so you'll only have to pay 5000€.

This makes graduating in time sound abnormal or difficult? It is certainly not that, 90% of people are already working on their 3rd year while doing their thesis. Only the absolute dumbest and laziest folks dont graduate in time.

I actually dont know anyone who hasnt graduated in time now that i think of it. It is fucking walk in the park.

>>10416150
I gotta add this here,

I really feel sorry for you guys, your system is so fucked up and against you right from the get-go it is ridiculous. I dont know how easily you can travel abroad and come study to EU but from a financial point of view it is absolutely worth it.

I cannot wrap my fucking head around your loans. God damn with your student loans ill buy myself a fucking fantastic 120sq house right after graduation while youre stuck paying your enormous debt.

That is fucking sickening...

>>10415962
Congrats Anon. Unfortunately for myself the market crashed before I was able to get a substantial amount of money

>>10416273
Yeah is fucking sick how the government has been profiting off education this much. And they don’t want to do shit about it. They are just going to let the bubble pop and then react to it.