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/biz/ - Business & Finance


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12409863 No.12409863 [Reply] [Original]

Why don't people just take out student loans, and then immediately use the money to start a business or do whatever the fuck they want? I have $70k in student loan debt and the degree wasn't even close to worth it. If I had just taken that cash and spent four years investing and starting businesses, I guarantee I'd be rich right now. I'm sure plenty of you could do the same. Hell, even if I blew it all on hookers and coke, I'm sure I'd have less regrets. College is literally the worst way to spend that money.

>> No.12409877

Most people are NPCs.

>> No.12409885

Why don't you do it again? There's essentially nothing stopping you. It should be easy to make back your initial 70k if you're so smart.

>> No.12409887

>>12409863
Just get a business loan, dude

>> No.12409891
File: 114 KB, 495x397, 1547065278437.png [View same] [iqdb] [saucenao] [google]
12409891

college makes me smart. even if i don't get a job, it's worth it

>> No.12409894

>>12409863
Student loans don’t work like that. Seeing how you’re the kind of person that wasted 70k on a useless degree, I highly doubt you’d be anywhere else if you had that amount handed to you in cash. In fact you’d probably be worse off with all that money you never earned.

>> No.12409895

>>12409885
and by do it again, i mean take out more loans.

>> No.12409918

>>12409863
Desu this is why I'm against "free" tuition or debt forgiveness, it assumes that a college degree is worth it and the best use of that money

>> No.12409925

>>12409863
its illegal

>> No.12409966
File: 93 KB, 640x433, dod_education.png [View same] [iqdb] [saucenao] [google]
12409966

>>12409863
On average no mainstream investment comes CLOSE to college.

>> No.12409983

>>12409863
>Why don't people just take out student loans, and then immediately use the money to start a business or do whatever the fuck they want?
"""People""" do. They're otherwise called niggers.

>> No.12410017

In the best timeline, it would be standard for everyone to get a choice once they turn 18. They can take the college education, or just take the money.

>> No.12410045

Any of the loans I ever got. Which are paid off and were under 5k because i knew this shit was a scam, were only payable directly to the institution l, as well i could only receive them if i was enrolled. I know there are living expense loans, however your not gettingn one of those without enrollmemt either.

>> No.12410078

>>12409863

Because you have to be enrolled in a college and the loan goes to the school first. They cut you a check for what’s left over after they get paid. You are legally only allowed to use the rest for educational expenses like books and living expenses while you’re in school. If you start a business with loan money while you’re attending school, you’re probably ok.

>> No.12410086

>>12409863
its fraud

other types of loans are hard to get. npcs are loan officers too

>> No.12410148

>>12409863
what made you think you could earn a living with a degree in ethnic studies?

>> No.12410474

>get student loans
>invest them all in chainlink

>> No.12410537

We should start a business school that’s hush-hush secretly let’s all it’s students use their student loans for businesses and those who fail to earn back their capital get an F

>> No.12410552

>>12410537
You have to become accredited.

>> No.12410579

>>12410552
That’s why the hush-hush part is SECRET

>> No.12410581

You can't go bankrupt with student debt, so you are shooting yourself in the photo if the business fails (and most do).

At least with a proper business loan, it's tied to the business entity. If the business goes under, assets are liquidated and the rest is written off in the bankruptcy.

>> No.12410987

>>12409863
So a regular loan?

>> No.12411064
File: 31 KB, 657x527, 1542867035776.jpg [View same] [iqdb] [saucenao] [google]
12411064

>>12409891
Smarts are inherited
Knowledges are learned
Wisdoms are earned

>> No.12411095
File: 182 KB, 1021x1280, IMG_20190110_202305_518.jpg [View same] [iqdb] [saucenao] [google]
12411095

You have been visited by based Amazon Wagie. SAY Ni Hao Wealthy Bezosmen for quicker Prime deliveries.

>> No.12411147

>>12411095
nihao

>> No.12411273

>>12409863
CRUSHING

>> No.12411776

>>12410078
This OP... If you stop going to school, all loans stop... Typically, it will only cover the school tuition and room and board...
Again issue is that these loans cannot be defaulted on and will haunt you to the end of your days...
I don't get the hatred against education, just be smart about what degree you chose and what school you attend...

>> No.12412899
File: 100 KB, 1080x1349, 1546499887444.jpg [View same] [iqdb] [saucenao] [google]
12412899

>>12411064
absolutely based fren

>> No.12413618

>>12409863
Cool art degree bro

>> No.12413646

1) it's illegal to use government student loans for anything besides education

2) the loans cannot be defaulted in meaning your double fucked if the business fails

>> No.12413685

>>12409863
that debt will follow you for life. fuck student loan forgiveness. unless you were smart enough to choose a good career path and not minority feminist theory, you wouldn't have trouble paying it off. jobs are everywhere today

>> No.12413701

Its who you know

>> No.12413737

>>12412899
why does she look so much hotter&fertile here, than in her degenerate videos?

>> No.12413737,3 [INTERNAL] 

>>12413737,2
My friend was just looking for this information. Thanks