/biz/ - Business & Finance

>>16900724
You are a jew. We were close to exterminate you all, we'll try it again.

Dumb fuck. 18 year olds don’t know shit and are pressured by their parents/society to go to college. It’s predatory.
That’s like saying “why didn’t the 6 year old girl know it wasn’t ok to be touched like that by a stranger? Tough to wrap her pea brain around, isn’t it?”

>>16900750
based and manipillated

>>16900750
> comparing a 6 year old to an 18 year old, an ACTUAL adult
based retard

>>16900750
let them and the parents die off then, we need to cull retarded genetics

>>16900762
Well to be fair, most 18 year olds have the minds of 6 year olds.

>>16900750

Pussy.

>>16900724
You cant get blood for a turnip. You arent owed riskless investments even if the government invested your money for you

so I'm currently taking out loans (maximum amount) to go to college but it's because i want to have a job I actually enjoy. I've been programming as a hobby for about a decade, and I'm hoping that after getting a mathematics degree maybe I'll be marketable enough to make it worth it. I could just be a tradie, but it would be boring as hell work as I've already discovered. Am I making the right decision?

>>16900750
>18 year olds don’t know shit and are pressured by their parents/society to go to college.
I dropped out of college back in 2011 and bought Bitcoin instead. It was hard deciding to go against my parent's wishes and do the opposite of what all my friends and peers were doing.
If Bitcoin had gone to zero I wouldn't have been bailed out: so why should some college student who has an unfair advantage over me get a bail out?
If someone voluntarily enters a position of risk, they are supposed to reap what the sew be it gains or losses. Bailing out losers at the cost of winners is expensive, and thankfully with Bitcoin the majority of money won't be sucked up by losers.

>>16900724
Lol I owe 20k. Have a good job and im never paying it back. I already fund boomers social security and pensions. Why should I make boomers richer?

Do you mean like your meme stocks and meme real estate were bailed out?

why dont schools just rescind the degrees of dumb faggots who cant pay? overwhelmingly its not STEMfags who are racking up all this debt. its the faggots who got polsci and philosophy and liberal arts degrees, and they didnt learn anything useful anyways

>>16900939
That would require them formally admitting degree's are the only useful part of the transaction, and that the things you "learned" mean fuck all to employers actually. Which has obvious connotations the university's want to deny.

>>16900835
No job is enjoyable.
Only working for yourself is enjoyable.

>>16900741
Stop, I’m innocent and you’re mean

>>16901147
true, hopefully I'll have a shot at this in the next few years while I focus on sharpening my skills on the side

>>16900724
>lend money to underwater basket weaving studies
>lose money
Why banks bear no risk?
Banks

>>16900835
>so I'm currently taking out loans (maximum amount)
>mathematics
You aint going to pay back those loans anytime soon.

>>16901366
sorry, mathematics of computation

They're taking £600-700 from me every 4 weeks. Shit feels bad, man.

I didn't even leave with a degree.

>>16901539
You are going to make a shitload of money and be extremely powerful.

I for one am voting Warren only because of student loans.

>>16900835
>because i want to have a job
You can have mine.
>>16900835
>Am I making the right decision?
No. Buy scarce assets instead. College degrees are not scarce: how many degrees are minted each year?
Most colleges offer shitty education that can't compete with edX or Khan Academy.

>>16901629
kek

Banks aren't held to the same standard. Really makes you think.

>>16900750
Difference is you’re 18 not 6. Officially a big boy!

>>16900750
I didnt know 18 year old americans were this dumb

>>16900846
Post any proof. You won’t.

>>16900835
No. Worst decision ever.
With 10 years experience you should be able to whip together a bunch of projects as your portfolio and unless your code is shit this alone should get you several offers.
Even if you're not able to I'd still say loan is a bad move, find free education options.

The real villains are the people who downplay student debt or don't warn students enough about it. High school teachers and advisors... FAFSA... college admins. They need to make it clear to students that minimizing their loan burden is key, if that means settling for a shittier school so be it. If that means not going into school at all since your major is shite, so be it.

But they aren't, because this is a massive racket at this point. It's fucking insane. So many kids with shit degrees and $100k+ in debt that continues to grow due to the difficulty of repayment and interest, that's a lifetime of debt servitude, courtesy of the ideologues making up the ranks of modern education. Dumb kids with bad parents don't know any better.

>>16901791
I've posted my mining withdraws from Slush's pool multiple times here, that's the earliest proof I have, from October 2012, I also invested into ASICMINER very early on and did well with that. I don't control the key any more because I've moved between wallets numerous times.

>>16901818
The Department of Education profts from the interest on the loans, as well as the students going to the colleges. DoE run the schools and admin staff, the staff and teachers tell the students to go to college even if that means debt.

For boomers:

1. You destroyed America

2. Now die alone

>>16901841

Just an absolute racket. They have a vested interest in the money, and a vested interested in seeing all of America's kids go through the ideological, brainwashing grinder that is higher ed.

>>16900865
Good luck buying a house

>>16900865
N

>>16900724
You can't get out of the loan by declaring bankruptcy like you can with any other loan. That's why the comic doesn't make sense. Normally with a loan the lender takes on a risk, but with student debt they have no risk and so are incentivised to loan out for anything. It's not a functional or free market, it's a scam created by half-witted liberals with a nonsensical utopian fantasy who didn't understand what they were doing.

>1%
>makes money
>puts it in 10x

>99%
>makes money
>spends it all
>takes on more debt

>>16901818
I agree 100%, but man are there just some fucking retarded people out there. I knew this girl years ago that had more than 80K in debt from the University of Florida for a degree in fucking tourism and recreation. Know what a degree in tourism and recreation qualifies you to do? Work front desk at a fucking hotel. She was making $10.75 while I was a bellman making $9.50/hr and absurd tips. I don't know if being so retarded is due to being brain washed by everyone her whole life pushing the college degree meme.

>>16901813
i don't have any problems educating myself, the problem is that I don't have energy for intense study while I'm grinding through a soul crushing job. Point taken, though, I should be (and am) building a nice portfolio and looking to get some position before I owe more than I can repay

>>16900724
1. we lent you money that doesn’t exist
2. pay us back with real money

pretty simple if you ask me

>>16902076

That's exactly it. It's brainwashing. These dumb kids have always existed, the difference is that back then, 30 years ago (and when college was much much cheaper) there wasn't this religion of YOU HAVE TO GO TO COLLEGE. FOR ANYTHING. YOU HAVE TO! Being pushed on HS children of all matter of ability. Somebody should have stepped in and told her she was being retarded, but no, "follow your dreams, take out $100,000 in life crippling debt" and all that. Kids don't understand it, the blame falls on the adults around them who didn't guide them properly. The only reason I understood was because I grew up poor and really valued money... I wasn't about to graduate with a pittance in income and a mountain of debt. These middle class kids who grew up in comfort and then got launched into this are fucked.

>>16901827
Post proof cuck

>>16900724
go fuck yourself you piece of shit . you think these fuckin loans are fair . this is the only kind of dept you cant go bankrupt on . these fuckin kids dont know shit about floating intrest rates that these loans are based on . these are predatory loans put in place to destroy the middle class . you feel smug posting shit like this . people like you need to e extermintated and this whole system is fucked . kill youlself . i have to use link gains to pay this shit off fuck you

>>16900724
Alternatively:

>lending someone money entails risk
>sometimes the person you lent money to will be unable to repay
>guess who has to eat the loss? you

>>16900750
>blue pilled retard with CNN brain
Anon... put down the remote

>>16900750
Literal 14 year olds fought in wars in the past, and today apparently 90% of american 18 year olds can't figure out how a loan works because their minds aren't developed enough lmao. With that logic you shouldn't be allowed to operate a 2 ton death machine just by taking a shitty little test a 5 year old could pass

>>16902292
madcuzbad?
lrn2moni

>>16900835
>I've been programming as a hobby for about a decade,

Then you should apply to startup companies with your portfolio. This is more valuable than a degree.

>>16901827
>I've posted proof here before
>On an anonymous image board
Go back ta Reddit you fucking nigger

>>16902309
>we abused kids by sending them to war in the past, so accept this form of usury

>>16900835
Been there done that. Maybe you have yourself convinced but you’re gonna hate yourself when you figure out how badly you’ve been tricked. Especially falling for the programming at a university meme. I was in your same shoes.

>>16901818
Stop making excuses.
Pay it back.
It's that simple.

>>16902309

14 year olds were cannon fodder, that isn't hard to do, and ironically enough your example is par for the same course: old, smart people taking advantage of dumb kids. Kids aren't adults until they're 21, and even then they need some tangible experiences to shape their world view. One could argue that women are never adults since their expectations are half that of men, they go into college not even thinking about how much their major is going to earn because they aren't expected to be breadwinners. Then they're stuck with a mountain of debt and a shite degree.

>>16902437
So yous be tellin me wes teaching basic math, algebra, and calculus to dey kids, but wes still ain't finna figure out how a loan works before we take one on? Ur right dad racist

>>16900724
tfw no loans
feels good to not fall for a scam

>>16902501

I'm not a Bernietard and I'm not apologizing for them, I am however holding the crooks and retards in education accountable for their utter failure to understand basic economics and finances and telling kids it's ok to take out $100k+ in loans for meme degrees they could practically pick up on in a library or on Google.

Interest and compound growth is not something well understood among anybody, so it's a small wonder that kids fresh out of HS don't get it. That shit doesn't just stay there while you're working, it grows, it's a race, if you're underemployed it will be there forever. That isn't conveyed. Educators are crooks at worst and retarded at best.

>>16902264
Exactly, that was years ago. I was lucky enough to avoid the college meme and got into an industry and worked my way up. Now my employer is paying 100% of my education costs. That in my opinion is how it should be done. Work, try out a few different things, find out what your good at etc. and have an employer cover your education costs.

>>16902527
based /biz/nessman

>>16902309
16 year olds used to own fucking estates with farmers, slaves, etc.

>>16902373
thank you for plainly calling out this ridiculous argument

>>16901986
>it's a scam created by half-witted liberals with a nonsensical utopian fantasy who didn't understand what they were doing.
you sure are blue pilled. It has nothing to do with liberals. It's a way for bankers to enslave the younger generations and force young people into the military for free education and free healthcare. Keep the ZOG army operational.

>>16901818
typical millennial blame shifting. "i i it's they're fault, not mine." "I signed a contract b b but it was under duress and I didn't read the fine print."

These threads never seem to center on the real issues. Yes the loans are borderline predatory. But the real problem came for the interaction of the government loan program and the school pricing. The truth is these schools are dramatically overcharging and if anything there should be class action lawsuits against the SCHOOLS. Expecting tax payers to bail out the dupes in the scam is deeply unfair, and stiffing the banks amounts to the same thing as the FED would absolutely have to bail them out debasing our money. A lot of these schools have gotten rich as fuck. Claw back some of the money from them and, regulate how much they can charge for their shitty 'service.' Moving forward I would say we could put the burden of backing student 'loans' on the school. They teach you without up front cost, (they decided you were worth educating after all.) And then they can charge you loan payments after they turn you into a profitable worker. If they chose to turn out people who aren't making enough money to pay them back they should get defaulted on. This would align incentives and they wouldn't be motivated to ruin peoples lives.

>>16902292
>you think these fuckin loans are fair
then don't sign on the dotted line.
>"but I want an edumacation."
oh, nobody ever told you you don't always get what you want? Guess you'll find out the hard way, snowflake.

>>16902976
This. A bachelor degree should only require 60 credits. Most of the 120 credits is just shit that's not even relevant to your study.
The worst is when they enslave Chads and niggers to get CTE and don't pay them anything even though college football is a billion dollar industry, at least they don't have to pay tuition!

>>16900724
But Im unhappy with what I got.

>>16900724
PAY MONEY TO THE JEW SO YOU CAN WORK FOR THEM YOU IDIOT, DUH

>>16903023

The GE was the brainwashing portion of your curriculum.

Engineering classes... all focused and on topic. Useful stuff. The GE? Shit like "human geography" preaching the evils of capitalist exploitation by the West... or "sociology of work" preaching the evils of business owners and how women and niggers deserve a leg up for sucking cock.

>>16900724
I don't feel bad for them but I get why they're in the position they are in. If you have several tens of thousands in debt (100k+) and you're not a doctor or a lawyer then you're just a fucking retard.
I'd say give a 100% tax break to anyone under the first 3 tax brackets and let that be that.

>>16900966
Yeah, if they admitted that then they couldn’t charge you for all of the bs unrelated classes they require for a degree.

>>16903208
I'm surprised there aren't any private universities that skip the "muh getting educated" meme and just spend 2 years to give you your degree. I'm assuming it's against some law somewhere. If that existed when I was in college I don't think I would've dropped out.

>>16900724
pay it back + interest + finding a job in a market over saturated with BA degrees + even though it's over saturated you won't get an interview for anything worthwhile/entry level without one

jew scam

>>16900724
how about no?

>>16903260
That literally exists. It's called an associate degree.

Looking forward to all the millennial retards getting their wages garnished

>>16900762
18 year olds are adults in name only and you fucking know it

>>16903306
That would piss off too many people. Fanny Mae would rather just defer everyone's loans indefinitely and claim record profit in the form of accounts receivable

>>16903302
I guess so, but most employers want a bachelor's for some reason. I've rarely seen an associates been seen as the floor for the job.

>>16903433
Then apply for a job that only needs an AS, work for a few years, then leverage that experience and networking to get better jobs.

>>16902076
subconsciously she probably wanted to live the uni lifestyle of partying, having sex, taking drugs and basically doing nothing all day while loans pay for it. And she chose any old degree that vaguely interested her to be able to do it.

>>16902976
university isn't a jobs training mill, its about being a scholar in that specific subject, if that doesnt translate into getting a job well thats not the point of a university degree

>>16900750

>18 year olds don’t know shit and are pressured by their parents/society to go to college

This. I knew about the debt and interest and I didn't go. Had to deal with 8 years of being shit on for not going by everyone, even complete strangers. But on the plus side, I don't live paycheck to paycheck due to loan payments or garnished wages.

>take out student loan
>invest 100% into SPY and quit school since universities are pointless and pump out libtard parrots
>vote for bernie and get ur debt wiped out
>investment doubles every 8 years
>retire and live as a NEET

did I just crack the formula?

>>16900724
Every bank that got bailed out should pay it back.
Also every banker that got a bonus.
Also sage.

>>16903873
>SPY averages 9% a year
>ONIONS balances doesn’t getting liquidated legally and sent to creditor
kek you zoomers are so fucking dumb

>>16900724

americans unable to understand that you need money to pay back debts

can't say i'm surprised

>>16903956
why wouldn't it get liquidated? bernie and sanders promised. i can always sell all the SPY and pay back the loan in the super unlikely chance that they lose. this is extremely low risk strategy for me to get a free $100,000+. honestly the more i think about it the more i realize that only a moron wouldn't do this. my only risk is if theres a recession in next 1-2 years which is very unlikely and i can always get a job to pay the min fees on the loan for market to recover.

>>16903843
Yep. Even back when I was pressured to go to college by my Boomer parents, I knew that all that money could be better invested elsewhere. And that was before I even educated myself on investing, trading, and speculating. Always figured that if I were attracted enough to a certain vocation that it would make more sense to attend state schools (they're pretty good in NY) or take online courses.

I am all for state subsidized higher education, because a nation absolutely needs it to remain competitive, but it seems incredibly unfair to ask people like me who willingly kept out of college because of the costs to pay for people who jumped right into that debt.

>>16900757
>>16900762
>>16900786
>>16900801
>>16900809
What other industry can you take out 60k in loans and not have any income???????

>>16900750
lmao imagine defending stupidity. "waahh they didnt know any better!!!!!" they shouldve done their research before taking out such a massive loan. not to say that jews arent bad and all.

>>16903840
Then the schools don't need to charge 6 figures and get filthy fucking rich, you dig? And I sure as fuck don't need to pay for it.

>>16903023
Also if it's not about getting a job why the fuck would anyone take those loans? You, sir, strike me as a retard.

>>16900846
>bailing out losers at the cost off winners
What is 2008?>>16902949

Naviant has competitions for its workers for who can have the most calls in an hour. This means that the reps weren’t giving proper advice

>>16902991
>a whole generation falls victim on an issue
>It’s THERE FAULT!!!!1 ObvIOUSLY NOT A FLAW1!!!

>>16903023
Fuck how did this get sent to you it was ment for
>>16903840

>>16900724

The student debt in the usa is such a clusterfuck situation now it doesn't really matter where you put the blame.

My last payment was in 2017.
Why should I pay this at all?

>>16900724
>be me
>go to shit college
>cheap as fuck, only 80$ the semester
>getting many high grades as possible
>getting into activities that lets me work as I study to get experience
>live in a place where we get scholarships for free if you have enough high grades
>no loans to pay at the end
What are my chances of making it?

>>16904385
>What are my chances of making it?
Good if you want to drive for a freight broker.

>>16904262
don't you morons understand that the students should never have gotten the loans, because the loans were clearly for degrees that don't pay any good wage. So obviously it's a bad deal for the creditor.

But wait, the loan has a special government-imposed protection against discharge of any kind. so now it's worth it.

If you're so libertarian you should be for abolishing this whole system. Part of that is forgiving all the debt because it shouldn't have been issued in the first place. It was only issued because of GOVERNMENT INTERVENTION, which you are supposedly against.

>>16904409
>don't you morons understand that the students should never have gotten the loans, because the loans were clearly for degrees that don't pay any good wage. So obviously it's a bad deal for the creditor.

But I'm a low paid accountant with these student loans:
>>16904346

>>16904409

It's a terrible precedent to use mass government funds to "spirt away" government made problems. The people did want this, they were clamoring for EZ college financing and saying every kid deserved a chance. We should scale back the system now but wiping it clean isn't the answer, that's enabling behavior.

>>16903023
The military plays a part in this as well. Sign your life away for 4 years and your college debts are paid.

>>16904441
>enabling behavior
Enabling people getting college degrees?
Yeah lets enable people to make more money, pay more taxes, commit less crimes, do less drugs.
Why would we want a better more educated society? That makes zero sense right?

>>16903468
In accounting you can get into some jobs with an associates, but they're mind numbingly repetative and soul crushing. Most of the certifications that allow you to make the bug bucks require bachelor's anyway.

>>16900724
Big part of our economy is how much people trust in it and have a positive outlook (currency etc.)
Now we can observe that more and more people put more energy into installing a socialist into office and abolishing the student debt, instead of putting in energy to create a good life for themselves in a good job and being able to repay the debt easily.
This is a big indicator of the people losing trust in the economy and the trust in a empty promises making socialist is about to eclipse it.
This is fucked.
A socialist will be voted in eventually
The glownigger rigging games are just little delays at best

>>16900750
you'll get a lot of shit for that post but you're right and you're based for saying it. Fuck the jews that manipulated me into that shit

>>16904956
America will become socialist by 2030 and China will become #1 by 2050

The bigger scam is that college doesn't provide any useful knowledge or skills to 75% of attendees.

Once you teenage morons move out of your parents house and try to get jobs you'll see that 99% of everything that pays more than 18 dollars an hour requires a 4 year degree.

Which means that you're going to be living check to check working 40 hours a week at some dogshit job unless you go to college.

The whole thing is a trap.

Inb4 learn a trade, learn coding, "Be exceptional without a degree!", those jobs don't really require degrees, go to community college only (associate's degrees are a joke, newsflash), etc

>>16905462
Last time I checked the stats in US, about a third of people went to college, about a third of them graduated successfully, and of those graduates a majority did not get the high-paying job they wanted. So that seems pretty horrible.

>>16904956
>Now we can observe that more and more people put more energy into installing a socialist into office and abolishing the student debt, instead of putting in energy to create a good life for themselves in a good job and being able to repay the debt easily.

You idiot, the debt is what contributes to a poor economy. People have no money to take risks, making investments, becoming entrepreneurs, the whole shebang thanks to school debt. For a healthy economy, you need a healthy population.

>>16900724

>>16900762
t. 18 year old

>>16905355
logical timeline
Bismarck said to the german kaiser in 1870ish that socialists will eventually win the nation if we don't do anything about it
30 years later there were socialist revolutions all over europe, some successful
this will happen to the US
you can only play it like the germans and entice the reds to make an open bloody revolution, then roll in and crush them in open battle
the democracy game is in favor of the reds so don't even play that long term
>>16905647
i know that, the debt pressure is starting to go higher than the incentive of becoming rich, the game theory for young people is shifting towards socialism with this dynamic

>>16905462
This post is accurate. As much as /biz/ likes to LARP otherwise, it's not easy to find a decent job without going to college (unless nepotism), and it's REALLY not easy to graduate college with little to no debt.

If you want to go to grad school/med school/law school for an advance degree, which is all but required for advanced careers, you're going to need to go into student loan debt. That's the way it's supposed to be.

I'd love to meet the retarded that LARP otherwise. I guarantee it's mostly poorfags/dropouts.

>>16905830
>if you go to a private/out-of-state school for a shit degree maybe, if you go to community college(2 years)->in-state(2 years) you can easily have a bill of under 35k in total. just because people make stupid choices does not excuse them from their liabilities.

>>16900750

>Get told "Go to college or you have no future!" by near everyone. That there's no money in trades, or that you'll work twice as hard for less, and that blue collar work is going away anyway.

>Get told "You need to go to a fancy, expensive university, or it's basically pointless." by near everyone.

>"If money wasn't a factor. what would you do?" "You should do what you love, then you'll never work a day in your life!"

>Start college, and every year tuition skyrockets, because fraud admin jews keep hiring more of their fraud administrator friends to ride the government gravy train.

>They raise tuition, book prices skyrocket, and t hey liquidate other departments for sports because sports is more profitable. I end up paying more money for ever decreasing quality education.

>Oh by the way! We're rigging the game so you're stuck paying even if you dont graduate. Sorry about that 2008 economic crisis that saw you lose both your part time jobs.

>Oh by the way! Fill out this knowledge base, and give us your knowledge, so we can eventually fire you, and hire immigrants on or near minimum wadge to read off those articles!

>Meanwhile wealthy people do everything to avoid paying taxes, welch on many of their own loans, and commit various other financial crimes.

>"P-p-pay it back! Or else!!"

You boomers and bootlickers will know it starts when you hear your family screaming in pain, and hear the sound of fire burning down your overpriced McMansions.

>>16906032
fucking jej whats a commie faggot even doing here i thought you just wanted everyone to be poor.

>>16901539
you made it, anon

>>16906032
#antifa

This problem only exists because the government guarantees loan payback via wage garnishment

Force the lenders to take on risk by allowing student loans to be discharged during bankruptcy and the number of loans given out for garbage liberal arts degrees will be 0

>>16906162
the problem was that people were actually required credit checks/cosigners for student loans before but then poor people and niggers complained that this was discrimination so they compromised by allowing anyone to get them but also securing them through bankruptcy.

>>16906032
You took out a loan. You pay it back. It's that simple.

>>16904239
What's the counter argument to this?

>>16900750
Based

>>16901951
disproven long time ago, they don't care about loans under fifty k

>>16904533
Because educated plebs are worthless. They're still just as dumb, but now they have a piece of paper that says otherwise so they think their opinions matter and that they should have some non-pleb job for actual intelligent people.

>>16906624
>t. boomer

>>16906935
>t. zoomer

>>16900724
Why shouldn't I sell my vote to the highest bidder?

>>16900846
Education is not supposed to be a risk

>>16900750
>18 and can't comprehend how a loan works

Sorry bub, you're never going to make it with that IQ

>>16901633

>Be the democratic party
>Resort to a get rich quick scheme to get votes

>>16902076

>80K in debt
>From the University of Florida

Literally how? UF tuition is $6000/year. I got my degree from UF for a total of like $15,000 and I wasted money on the meal plan and on-campus housing. I thought they were one of the few universities left that's still worth it.
I suspect she spent $15,000 on her degree and $65,000 on fucking, tourism, and recreation.

>>16907314
ha go gators

I lived at home and got a pell grant, ended up making money on the whole thing. never got a real job out of it but it was a fun experience. Anyone in debt at uf is basically guaranteed to be a retard in a retarded major.

>>16900750
Let me guess you ALSO think the voting age should be lowered

>>16907358

Congratulations. I finished my engineering degree a grand total of $4000 in the hole. Paid it off in 2 years because I misinterpreted the whole student loan tax credit thing. There are still lots of places where you can get a good education for a reasonable price.

>>16903060
>take money from Jews, with contracts and all
>WTF HOW could I know I have to give it back??
Are you perhaps black? Do you consider robbery a simple transfer of money you shouldn't need to give back?

Oh boomers, when will you learn?

>>16900724
The issue with student loans is that colleges are too expensive, they aren't free, kids tend to be forced into going to college (thus being forced to take debt they won't be able to pay off effectively, and loan interest is so fucking predatory that it should honestly be outlawed.

I graduated and put 10k into my 27k loan over the course of a few years and the damn thing only went down by 5k because apparently the interest accrued at a really high rste despite me never missing a payment and paying above the bare minimum monthly fee.

I don't blame people for wanting to just not pay their loans under these circumstances, especially since the democrats are now promising to try and wipe out student loan debts.

>>16903843
Dude being shit on for not doing the path most chosen is why making it will feel amazing. Kudos to you bro. I jumped in and out of college just to learn things and that's why I'm now sitting on a huge stack of LINK. Did a year of CS and made developer friends so I had an edge
Used to feel like shit about it but now I wear it like a badge. In 4 years set myself up for generational wealth. College will never make someone generationally wealthy

>>16901633
i'm voting for bernie and we are gonna crush you and your little establishment puppet in the primaries.

>>16900724
Retard. Wages dont keep up with inflation of school and cost of living. In other words, a reduction of buying power. School is also overpriced, cum muncher.

Stockholm syndrome is fucking pathetic. Disgusting

>>16900724
>dur hur I like getting financially raped and overpaying!
>PLEASE take all my paychecks and let me suck your cock, mr. employer!

Fucking BETA as FUCK

>>16908191
>mr. employer
mr. employer for cock sucking and mr. goment for paychecks

>>16908228
You know what, goyment is a good name for this "government"

>>16900939
Becuase degree isnt worth anything. Unis are basically trading indulgences

>>16905771
>you can only play it like the germans and entice the reds to make an open bloody revolution, then roll in and crush them in open battle

Retard.

Bismarck gave in to so many socialist demands that they ended up controlling the socialists. Hard for revolutionaries to rile up the population if they're having their basic needs met.

>>16908134
What if Bernie just steps down again at the convention and says 'vote for Biden guys' like he did for Hillary?

>>16908356
If Biden won the primaries, like Hillary did, you'd be a retard not to expect him to do just that.

>>16908325
I look for good courses at uni, but so many are meme nowadays.

I want to grow and learn, but I also want a skill at the end of a degree.

>>16906734
There is none because it’s corrupt straight to the core. My idiot brother is over 100k in debt at 25. How is he supposed to start a future if he has to pay almost 1k I’m loans a month?

>>16900724
>1. Your parents fund your schooling
>2. You fund your children's schooling
But I want a 20 year retirement waaAAAaah

>>16900750
Woah if they get their loans forgiven than I want 40k deposited into my parents bank account for paying what I owed. After all if they get it for free why should my parents get screwed over with having paid when I couldve just taken a loan and ignored paying it.

>>16900750
Stop breaking promises

>>16900724
I agree the loans are predatory and are fucked but at the same time I hate college kids

>>16908422
A tax credit for all those who paid their loans off?

To prevent loan debt getting any higher, how about student loans are no longer allowed to be taken.
>people who have student loans still have to pay
>people who cant pay for college do not get to go to college
Simple and straightforward but you know they'll cry and claim they will be responsible with the loans.

>>16908444
Will crash the educational industrial complex. Needs a stream a new fools every year to pay administrators and government

>>16902788
I don't think they took out loans at that age though. They were probably given those properties at that age.

>>16908444
>people who cant pay for college do not get to go to college

How about just no meme degrees for them?

You can go to college for free, but you have to learn boring, real world-skills.

>>16907212
How a loan works on paper and the realities of a life of debt are two different things.

>>16902390
story?

>>16908444
>people who cant pay for college do not get to go to college
yall racistass crackas jus don like it wen we get ahead n yall got all da money fo ya selves so dey ain enuf fo us to pay fo school n get off da streets.

>>16900724
>not old enough to drink
>not old enough to smoke
>not old enough to get car insurance without inflated rate
>but you can get tens of thousands of dollars in student loans
I am gonna get mine paid off by the government because I signed a 6 year contract to fight for Israel in the Army Reserve, but I still don't think kids should be able to have access to these loans. The people who took them out should pay them, but moving forward, they should not be so easily accessible to prospective students

>>16909522
Fascinating. In the very same post you say you believe people need to repay their loans you also confess that the government is gonna pay yours, not you.
Do you have any self awareness?

>>16902309
>The previous older generation took advantage of people who had brains that hadn't fully developed, so we should just let the current older generation take advantage of people who have brains that haven't fully developed

>>16909536
>actually nobody is paying back their student loan, because their job is the one giving them money to pay it, so that means their job is paying the student loan, not them
Are you pretending?

As payment for defending the government's interest in Israel, the government is repaying me by forgiving my student loan up to $30,000. Since my student loan is less than $30,000 it will be covered in full after 6 years when the full repayment is dispersed.

>>16903208
In my mind it's less about that, and more about the fact that if they admit degrees are the only things that matter they are opening the door to actual discussion about university being a ponzi scheme and to it being a form of class warfare.

If you go to a good college and get a good education everyone will want to hire you supposedly, so if you can't pay the loans for some reason and they take away your degree why should that change? If what you learned at school and the people you know is a supposedly useful thing for your job, then employers should absolutely still be willing to hire you even if the college revoked your degree. If just "officially" losing your degree in name is enough to kill your hiring potential, then that means literally everything you learn in college is bullshit and that corporations only care about official documentation of slavery training for white collar jobs. Which also has further implications, why will they go to any length to hire undocumented workers but they could care less about hiring undocument college graduates? Is the exchange rate for one type of labor over the other being manipulated maybe?

>>16901706
Americans arte not told anything about loans and financing until adulthood

>>16903310
only americans

>>16901706
its worse than that...they dont ever get any smarter...

>>16909513
Unsure if you are pretending to be retarded or are actually retarded, either way, kek.

>>16910112
Also I would like to point out if you cut out the boomers and people who are first generation, immigrants, the rate of people with at least some college experience in the US jumps to around 54%. More than half the core working age population has been inducted into the university system in some way.

>>16900724
how to actually use a student loan
>take out a loan
>put it into a savings account
>after the term period is up pay it back
congratulations, you now have a few grand profit

>>16910390
If you're saving your money in India maybe. Student loans are at like 3% interest.

>>16908507
Maybe if you incapable of forward planning. In which case, yeah, you shouldn't be taking out loans retard

>>16908456
Really makes you think how close this entire economy is intertwined yet in the verge of utter collapse.
>No bank bailout
Economy collapses past great depression level but only sectors heavily affects are banks, stocks, and lenders
>No education bailout
Domino effect collapse that takes multiple things with it
>No real estate bailout
Domino effect collapse that takes multiple things with it
>No automaker bailout
Car industry collapses leaving the best selling companies
>No government bailout
Well maybe we get a better managed government in place?

>>16910206
Yet over half of U.S. working citizens make about $31,000 a year or less PRE TAXES.

Regret going to college. That time could've been better spent.

so meme-ing aside, what happens when americans continue to fail paying back student debt?

>take out a loan on margin
>get liquidated 3 hours later

The biz way

I paid mine off in a year but I got lucky.

>>16900724
They took it out under false assumptions, and paid 10 times the amount their education was worth.

I think maybe the universities themselves should be made responsible because they increased the price of education well beyond of what it is actually worth.

>>16900750
Retarded. There have been literal kings and shit who started ruling at 10yo. 18 is more than enough. You have gone through puberty, probably done 1 or 2 jobs, bought shit for yourself with money.

You are an adult. Take responsibility.

I cannot wait for the DAy of the Pillow. Watching the boomers who spited their own children getting suffocated by Venezeulan and ignored by negress 9-1-1 operators will be sweet.

>>16905524
A bachelor's degree was sold to us as the key to at least a middle class lifestyle.
Now a bachelor's is so worthless that you have to fight to make $40k a year.
Boomers don't care because they think they deserve everything free and are busy fighting the ghost of communism that they keep hallucinating, not realizing their actual ignorance is what makes socialism attractive.

>>16900724
Our president has declared bankruptcy several times to avoid paying back debts. Half the country worships him for it. Why should students pay back their debts when the POTUS doesn't?

>>16910882
Didn't you get the memo? Only rich people are allowed to get out of debt.

>>16910898
I'm on my 2nd bankruptcy and my 4th million. So I know.

you can't write off student loans, tax debt, and child support. All things that target the young and the poor. No surprise, the bankruptcy laws were made even tougher by the GOP and their base of rich old white men.

>>16901600

>£600
>£

How much do you earn for that to be the case?

>>16910804
>There have been literal kings and shit who started ruling at 10yo
kings who ruled at that age would've been instructed from a young age and had advisors to make important decisions on behalf of the king.

>>16910916
>No surprise, the bankruptcy laws were made even tougher by the GOP and their base of rich old white men.
t. humanities student

>>16911355
science grad actually.
geology.

live by your retarded stereotypes and stay poor, disabled millennial

Hahahahhahahahahahahahah

*wheeze*

HAHAHAHAHAH

In my country our student debts are backed by the government and over 99% of the debts at the moment are easily less than 0.5% interest. Most are under 0.1%. GET FUCKED MUHRECANS

>>16900724
>take out loan for college
>barely get through college
>get job that can barely get you groceries and pay your bills
>DUH WHY YOU IN DEBT WHY NOT JUST PAY BILL!?!? >:^(
I want to strangle society and crush its rotting, malicious heart with my fist. Fuck you people.

>>16900724
>protecting banks instead of your children
>implying you aren't mentally ill

>>16911590
yet you still fell for the brainwashing that's characteristic of the humanities.

>>16900724
>I spend money opening a ski store in Phoenix Arizona
>it’s my responsibility I lost money
>bank lends a dumb incompetent Reyes (me) money to get a degree that leaves me unemployable
>??? is responsible
Bank should have done more research into whom it was lending to, with reward comes risk.

Reminder: if your response is "lol serves you right what did you expect?" then you're a disgusting boomer who probably is how we got into this mess in the first place.

Kids aren't stupid, yes. Anybody who gets a degree in some weird liberal arts shit is gonna get fucked. But now look at the more sane shit. Stem, finances. These are all valuable fields that are getting hammered by pajeet labor. It has dragged wages down and made the job market more brutal. Yet, everyone in society pushes from the day you are born "no it's ok you will make tons of money". Yet we don't talk about any of if because it is racist, and loaning as a business is the whole point. It's not going to go away just because you call everyone a dumb zoomer, but when economy tanks because nobody can afford to continue the consooming boomers did, have fun with that.

>>16903994
>bernie and sanders
Kek

>>16912462
This. Banks need to bear risk

>>16900750
I guess we should repeal the 26th Amendment.

>>16910520
Theyre 4-6 % in america. Graduate loans higher

>>16900846
OK larping faggot. By your logic the people that invested in these college students can eat shit. Clearly loaning these kids money to go to college was a bad investment. Instead of taking a haircut like they should, it appears the lenders get to have permanent debt slaves.

Tuition is expensive because of government student loans in the first place.

>>16905462
>Inb4 learn a trade, learn coding, "Be exceptional without a degree!", those jobs don't really require degrees, go to community college only (associate's degrees are a joke, newsflash), etc
typical disclaimer at the bottom of socialist rants that handwaves aside the most viable alternatives to college, kek

>>16906032
lol
socialists reveal their true sociopath side
there's a reason both words have the same root

violent rants like these are part of the self-destructive nature of socialism - they drive away potential supporters and make rich people hoard more resources to defend themselves with?
Who would win:
-A bunch of angry s0yb0ys
-Jeff Bezos and his private army backed by a fleet of Amazon drones

Why the absolute fuck is nobody here talking about the primary reason tuition is so expensive?

Government student loans and grants.

Without this shit the price would fall through the floor.
It used to be really cheap in the 50s and 60s.

>>16913427
oops, guess getting that Women's Studies degree was a mistake
but she's a girl she can do porn :^)

>>16906032
You are fighting against the wrong people.
Fight against central banking instead.

>>16901633
> selling your rights for a soup

>>16907808
>graduated and put 10k into my 27k loan over the course of a few years and the damn thing only went down by 5k because apparently the interest accrued at a really high rste despite me never missing a payment and paying above the bare minimum monthly fee.
This is the real problem here. If colleges are going to be so god damn expensive, then they should at least be interest free to a certain point.

>>16900762

18 year olds that have mostly been infantalized by their government brainwashing camps called schools. What were they taught? TRUST YOUR GOVERMENT? Who is offering them the loan? Who set up the loans so that they can never be paid off for most people, making it SLAVERY. Do you see the goddamn problem.

>>16900835

So let me get this straight:
>You're good at math
>You're good at programming

What's the degree for? Dickswinging in bars? I've got a programming job and I suck at math. I still earn more than the median family by myself. You don't need 200k debt to get a decent job. In programming and math only two things matter:
>the math checks out
>the maintainable program works

>>16902991
Kill yourself boomer.

IF IT'S TOO EXPENSIVE, THEN DON'T GO TO COLLEGE.
IF THE INTEREST IS TOO HIGH, THEN DON'T TAKE THE LOAN.
IF YOU TOOK OUT THE LOAN, PAY IT BACK.
>>16914919
>What were they taught? TRUST YOUR GOVERMENT?
No.
>Who is offering them the loan?
Not the government.
Have you even been to a school? You're just making up fantasies to fit your narrative.

>>16913427
What an absolute clusterfuck of a political cartoon.

Genuine question,
What would happen if student debt was forgiven partially or bought out by the government altogether?

>>16904533
It's enabling because it disproportionately rewards irresponsible faggots who haven't been making any serious effort to pay back their loans, while punishing those who made responsible decisions like choosing a cheaper school and deferring pleasure in the prime years of their life to actually meet the financial obligations they signed up for.

/biz/ is almost entirely larping faggots that want to brag about their wagecuck being better than your wagecuck, of course they would defend the government and banks.

pay denbts

>>16915945
Slippery slope to Venezuela unironically

once the contract is broken, there's no restoration

Jesus Christ boomers are retarded.
Imagine thinking that your government being nice to you for once instead of just constantly shitting on you is socialism.

>>16902991
kys

>>16900724
>pay it back
No income stream. Sorry boomer, can't squeeze blood from a turnip, water from a rock, yada yada etc.

>>16915071
Lol, you clearly have no idea what the fuck you're talking about. it's actually an expellable offense in any american school to criticize certain functions of the american government. You have free speech everywhere in America as a minor except public schools. I personally have been through this multiple times, in highschool I was expelled from my school for over a week for criticizing school administrators on the misuse of funding in the school, misuse of school funds for superintendent pay, and the lack of education standards. Law makers have imposed this restriction of rights under the auspices of school children being minors and preventing a disruption of the school enviroment. Did you know corporations aren't allowed to advertise in american schools, but politically aligned non-profit organizations are?

Also it most definitely is the government handing out these loans. Please look up FAFSA for me and tell me what the F stands for.

>>16901818
Very true. I'm honestly considering making this the topic of my Masters thesis (once I get to the point). It sounds more like a topic for Econ, but eh, maybe I can get away with it for accounting.

>>16900750
18 yr olds are adults. no excuses there!

>>16900724
zoomers are lazy AF and destroying our coun try. fucking parasites

>>16913427
This is such a poorly put together panel

Yes but what about ridiculous interest and low employment rates?
Love it when kids post retarded boomer memes (actual baby boomer, not 30yo boomer) and fail to see the idiocy.

>>16911328
Ssh dont teach him what logic is

wait, tuition goes up in america each year?

>>16918992
male brain isn't fully developed until around 25. He's literally right and you're a faggot.

>>16919001
boomers have already destroyed it
prove me wrong you literally cannot

>>16919067
Kids cant even drink until 21 because they arent mature enough to make proper decisions
But enlistment age is 18 because they are preying on mentally undeveloped kids to risk their life on some bullshit notion of patriotism

>>16911109
In this country, it'd have to be £115,000 if not LARPing.

>>16910615
Debt as financial instruments are valued principally by the certainty that they will be paid so as to generate cash flows. A lot of it is hypothetical, "hoping" the debts will be paid off, but just as much rooted in mathematically calculated risk.

As mentioned already, student loans are the only type of debt that does not allow the declaration of bankruptcy if the debt is literally unable to be paid. Naturally, debt instruments structured around student loans are valued with this crucial piece of information in mind. As far as they're concerned, the debt is solid because it can't "officially" be declared worthless, despite it being worthless in its very substance. If that were to change, and somehow the loan terms changed, or the debt was discharged through emergency legislation or what have you, all those debt instruments structured around student loans become instantly worthless and they now actually HAVE to be written off as such from company books.

It is my firm belief that student loans will literally be the Housing Crisis 2: Hebrew Boogaloo, just on a much more massive scale. The whole racket of student loans extends its dirty corrupt tendrils into every facet of the economy, from the politicians to the educators to the dirty investors, all complicit in this fucking shit.

>>16901147
I work at a non-profit. I don't get paid much compared to other orgs but I actually enjoy what I do and what the non-profit stands for.

>>16919151
>It is my firm belief that student loans will literally be the Housing Crisis 2: Hebrew Boogaloo
How will this effect the lives of members of the lower and middle classes?

>>16919487
Hard to say with any reliability, I'm not an economist, but I assume the same as every other recession and correction has, only it'll be depression levels, if not worse.

>>16900750
FPBP

>>16900762
if you think 100% of people are adults by the age eighTEEN, im not sure what to tell ya.

>>16901539
Based and big brained

>>16904346
Enjoy your debt balance growing 3,000 per year

>>16900835
>taking out a loan
>for a mathematics degrees
maximum
K E K
E
K

Just joking, i actually want you to die in misery so go for it dude !

>>16900865
RIP your credit score good luck buying a car/house or anything

>Supress and stagnate wages by skirting employment laws using perma-temp staffing agencies, fraud h-1b immigration visas, and other unethical business practices.

>Demand loans be paid back in full plus interest.

Pick one and only one, boomies and richies.

Why should I give money to Jews who are genociding my race and driving us into poverty? Take a loan and dip.

>>16920234

1. You invested in derivatives and faulty mortgages
2. Pay it back

>>16918774
I misunderstood you. I thought you meant that the government was lending the money. Yes, the government is offering the loans, but it's other entities holding the loan.
My point is- no, there is no conspiracy by the government to hold students in debt, as you were suggesting. Private entities are the ones gaining interest from student loans.
>I personally have been through this multiple times, in highschool I was expelled
You sound like a crazy conspiracy theorist.
>>16919022
What about them? What does that have to do with paying back the loan? If the person who took out the loan can't pay it back, then they made a stupid decision and suffers for it. It's not exclusive to student loans.
>>16919151
>Housing Crisis 2
It's not a novel idea, but there is less alarm about it, because of several reasons. One of them is that the loans are distributed over time, so it's a slow burn, and not a sudden crash. The issue has been around for a while, so markets and regulations had time to react.

>>16919932
>Just joking, i actually want you to die in misery so go for it dude !
:)

>>16912959
No faggot I worked my way through a two year community College and got an associates degree with no debt then went to a state school, accrued 20K in student loans and paid them off over the course of 6 years.

But some cocksucker went to a private school and their 80K of debt will be wiped clean while I busted my ass to be sure I wasn't riddled with debt into my 40's

Fuck you

>>16920937
So you're a cuck is what you're saying?