/biz/ - Business & Finance

>>53887488
guy on the right is a jew

>>53887488
My student debt crisis
>I took out a loan
>I paid it back
>I'm a janitor

usury is immoral
eliminating any loan with an interest rate is a moral good

>>53887488
>i printed money to give you a loan
>why can't you print money and pay me back?

>>53887488
>You gib me some money
>Come take it back

>>53887488
what if you can't pay it back

>>53887523
There won't be any loans nigger

>>53887544
good
no loans would lower the prices on just about everything

>>53887515
why do zoomers and millennials vote in jews all the time then?

>>53887488
What did college tuition cost in the 1970s?

I'm debt maxing in academia right now. I either make it big, or I have a decade long vacation paid for by the state and I'll never pay back the loans, I'll just go to Argentina or something.

Fuck you jews

>>53887570
Companies will raise prices or produce less because they'll have higher hurdle rates since every company will be 100% equity financed.

>>53887583
>Zoomies and millenials
>Voting
Haha good one anon, if they voted the average age of congress wouldn't be 65. The only voting block that matters is the elderly. And baby boomers don't care about student loans.

>>53887626
that's incorrect
no loans = no credit cards = consumer power greatly reduced = low prices are a necessity, or nobody buys your good/service

>>53887523
Why the fuck would anyone loan your retarded ass money then if there was nothing in it for them? Why should they take on risk to help you? A completely retarded stranger?

>>53887676
I would loan money within my family, or tribe. They would have to memorize the words of hava nagila, and sing it to me though.

>>53887653
First of all, that's stupid because without loans there would be no goods or services to buy because the vast majority of entities that create goods and provide services were only able to begin doing so with loans. If interest rates were abolished there would be no loans, and therefore no goods or services. You must be joking.

>>53887653
And how are going to prevent people from borrowing money?

>>53887700
Where would your family or tribe get money to loan you? They wouldn't, because they're all a bunch of fucking retards too.

>>53887700
this
loaning money is supposed to be a generous act you do with friends/family. you're not supposed to profit off of lending. that idea is, well, jewish

>>53887653
No debt = hurdle rate equals to cost of equity = physical capital is liquidated because now it's negative NPV = less supply of consumer goods = higher prices
The goal of a firm is not to maximize sales or revenue, it's to maximize shareholder wealth by taking positive NPV projects only.

>>53887488
https://youtu.be/HzKmtm2MI64

>>53887488
theyre little faggots thats why

>>53887730
see
>>53887713
You are and will always be allowed to loan out of the kindness of your heart. In order for our society to remain productive and strong, however, it is necessary to incentivize commercial lending. The best of to do that is to permit and enforce loans with interest rates and debt repayment.

>>53887768
>In order for our society to remain productive and strong, however, it is necessary to incentivize commercial lending.

>citation needed

>>53887777
Start a productive business and succeed. Let me know how that goes for you without loans.

>>53887768
>In order for our society to remain productive and strong, however, it is necessary to incentivize commercial lending. The best of to do that is to permit and enforce loans with interest rates and debt repayment.

>>53887538
Sure you can, there's always the Help center Anon.. you have local and regional offices devoted to making sure you can make the money you need to pay off the loans the same government gave you. It'll be a rough climb back up the credit ladder though, teehee

>>53887515

>>53887788
businesses have been around for thousands of years before usurious debt was a thing but ok

>>53887792
I can smell your poverty and lack of marketable skills through the screen. And its frankly repugnant

>>53887828
pretty cringey comeback m8

>>53887788
It’s a jewish economic system, of course they’ll push ursury.
Kike.

>>53887820
Right, and society today produces way more and quality of life is way better now than it was before because now we have 1. far more business 2. far bigger business and 3. far more productive business because of commercial lending and capital investing... but ok.

>>53887788
>Start a productive business and succeed without loans
>After usury capitalism has irreversibly transformed the landscape to make it virtually impossible

>far more productive business because of commercial lending and capital investing

>>53887726
I don't need loans or debt because I don't live beyond my means, and my family before me lived well within their means. I'm sorry your tribe doesn't have the same level of foresight.

>>53887777
Digits of truth, making capital less available would incentivize investments with less risk and more guarantee.

Student loans are frankly pretty risky, and most degrees aren't worth the investment.

imagine giving a single fuck about paying supporting the financial products backstopping boomer 401k's after they completely looted the place with PPP loans. I will literally never pay any of it back, thanks based democrats.

>>53887848
lmao you're delusional if you think you had a better shot before commercial lending was standardized and enforced by well maintained public court systems. Keep coping you complete loser.

>>53887847
>number go up
>life is better
>number lower back then
>life was worse

>>53887623
Based.

>you're delusional if you think you had a better shot before commercial lending was standardized and enforced by well maintained public court systems

someone shop the text out and replace with

>1. the bank gave out a loan to a student
>2. the student used the loan to get a therapeutic dance studies degree
>3. the student obviously can't get the money back with their dogshit degree
>4. the tax payer (absolute retards) are now liable
>5. the loan will be paid out of the d*llar value, meaning d*llar holders (absolute retards) will devalue their currency to pay the loans

>>53887871
Jew.

>>53887871
Weird how the number of self-employed individuals has plummeted over the last hundred years then huh

>>53887860
Then stay in your little irl shithole, stop posting on biz, and go back to your containment board.

>make a loan to someone unreliable
>make gay cartoons when they don't pay it back
I'm not paying

>>53887515
/thread

>>53887908
Weird how medicine and technology and the average home and life expectancy has vastly increased in quality.

>>53887934
What does that have to do with your claim that people have a better shot at starting a productive business now versus in the past? Especially without loans.

I won't waste my words arguing with a braindead beancounter drone about the double edge of technological advancement. Maybe if you get gunned down by a nigger or school shooter one day you'll realize it before he finishes you off

I'd be OK with forgiving the loans if college grads had to forfeit their degrees. You can keep the knowledge, nobody can take that from you. But that little piece of paper that you thought was worth $100k? Yeah, if you don't want to pay, you're giving that back. And if you are in medicine, law, a PE, or another field that requires that degree to be licensed and legally work in your field, then you better stop being a deadbeat and just pay back your damn loans. You probably got a pretty damn good income if you're in this position anyway. But the barista who paid $50k for a women's studies degree and is working at Starbucks? We'll forgive your loan, just forfeit that piece of paper that you're not even using anyway. Consider it the collateral on your loan that you're giving up by defaulting.

>all the mad boomers
Loans will be forgiven, and it will be a good thing

>>53887914
Enjoy having your wages garnished. Had you unmarketable faggots kept to yourself I would have been indifferent. But reducing my buying power or taking my taxes (you are asking for one of those two) has made me your enemy. I will take joy seeing you lose a bit of each paycheck and seeing you collapse under the interest on the loan. You want to fuck me with your selfish bullshit how about fuck you instead. Enjoy serfdom and cry about it. I will never support your cause if you try to come after my shit or punish people who acted responsibly

>>53887820
>before usurious debt was a thing
It has been a thing for as long as civilization, as far as we know. The Mesopotamians, Greeks, Romans, Egyptians etc. all had forms of debt that accrued interest and put people into debt slavery, which then caused uprisings to end the debt slavery. It's a tale as old as time, there is nothing particularly modern about it.

>>53888021
Ok fine, where's you proof for 1. there are less self-employed people nowadays, and 2. assuming that's true, that the cause for that decrease is that loaning with interest is permitted? I don't know what you're trying to get at here. Maybe you can try and be more clear with the point you're trying to make.

>>53888170
You'll always be poor, with or without your student loan.

>>53888181
>there's nothing modern about international finance capitalism bro

But you said I owe more than what I initially borrowed, and for no good reason!

>>53887488
just stop being poor

>>53887488
>taking a loan for a roll of toilet paper
lmao@ur lyfe
>>53887583
voting is for the nigger cattle who thinks it matters
>>53887523
usury is based because it funds my lifestyle
>>53888031
i think private sector is already realizing that degrees are basically worthless for the most part so they're holding their own bootcamps to train new employees. essentially, making connections is the only thing college is good for.

>>53887488
damn, boomers really are the perfect goyim

>>53887676
This is why nationalism is good. (((They))) made usury the norm in the US and now a wealthy white family wont even help their own offspring without some kind of shame, strings attached, interest or all of the above. They've thought us how to keep our own kin poor.

>>53888302
>usury is based because it funds my lifestyle
you have sold your soul, sad

Paid it back.
Where’s this high percent interest shit fit in? The one where they lock you in a specific period to max it out, so you pay it back when they want you to pay it back, penalizing you if you pay it early because they get more money?

>but but it was your choice
You’re literally brainwashed since you’re a child that you’ll fucking end up homeless and die if you don’t attend college, don’t act like there were alternatives presented.

>>53888336
Taught*

Melanins T my B-hole
>Verification not required.

>>53888181

The muzzlim browns had it right. No usury, no female freedom, no globohomo tyranny

>>53888366
inshallah

>>53887519
That's custodial manager to you.

Blue collar retards are against this because their IQ is too low for college

>>53887804
>Sure you can, there's always the Help center Anon.. you have local and regional offices devoted to making sure you can make the money you need to pay off the loans the same government gave you. It'll be a rough climb back up the credit ladder though, teehee
None of that shit is real.

>>53887623
Based

>>53887488
if i ever find who drew this comic im gonna puncture his tires

>>53887653
>no loans = no credit cards = consumer power greatly reduced = low prices are a necessity, or nobody buys your good/service
This isn't true specifically because baby boomers will sit on their assets until they literally rot away out of spite. If you've looked at their mentality you can see why a 35yo doesn't want to buy a 65yo's crack shed for 500k plus tip merely because it was worth that much according to jews in 2021, the millennial is 'entitled' because he wants the prices to be reasonable, the boomer is 'a hard bootstraps worker looking to retire' because he wants to sell garbage like it's gold.

>>53887488
Teenagers shouldn't be coerced into massive loans to study frivolous subjects universities are selling just to get a job at Walmart because the economic climate created by said boomers, the ones doing the coercing and fear mongering, is absolutely dog shit.

They sat around watching TV and reaping the benefits of the generation before them's hard work, millennials and zoomers are unironically stronger in every way

>>53887636
>Haha good one anon, if they voted the average age of congress wouldn't be 65. The only voting block that matters is the elderly. And baby boomers don't care about student loans.
The boomers explicitly forced madison cawthorn out because he called them out on having crack cocaine orgies at private DC parties.

Things are bad because boomers are corrupt, not because of any moral failing on the part of millennials or zoomers.

>>53888337
soul is a spook to keep religious people in check. then again if religion is what keep you going then you should stick to it.

>>53888446
houses are probably the thing that would collapse in price the most if usurious loans were banned. yeah some boomers might try to hold out but it won't last long.

>>53888220
There isn't, the major changes between "modernity" and the ancient world is mainly the technology. The question is why the technological change happened, but there isn't a clean model that could claim to explain it because all we have is history. A series of events happened over hundreds of years, mainly in England, that caused their state to centralize and bureaucratize. The nobility started making legalistic claims to land based on increasingly concentrated concepts of ownership that allowed them to kick peasants off and do what they wanted with it, and they started leasing it out to others to manage for them. The businessmen who leased the land to farm started competing with each other by buying and developing new tools, agricultural yields started shooting up, landless peasants flooded the cities and textile factories began to use their cheap labor to make cloth.

After the Glorious Revolution, William formed the Bank of England to fund the construction of a new navy, and an apparent virtuous cycle emerged where the credit in England expanded by increasingly capitalizing the land as an asset. Making the land and its product easier to exchange commercially expanded competitive markets and credit in England. Throughout much of Europe in the middle ages this just wasn't how it worked, the land was either owned by the king (at least nominally) and granted to noble subjects, or it was approximately the "property" of some noble dynasty and dynasty members could not actually alienate it very easily because future members also had claims to it, as did peasants who worked it. In Roman times there were more familiar property institutions to us now, you could buy and sell any property pretty easily so long as nobody disputed that the owner actually owned it or sold it to you.

funny how nobody else has mentioned that kids are basically groomed into debt slavery from their first year of high school - the only people more predatory that universities are army recruiters. boomer and gen xers are complicit in this as well, but would they ever want to pay back their kids loans? no, you made a decision (that everyone told you was the only possible route after high school and you'll need it to be successful and make money) so you got to man up and pay for it

it genuinely sickens how eager they are to make a generation of debt slaves just to make their lives even slightly more pleasant; kicking kids out of the house and coercing them into 5 figure loans before they can buy alcohol absolutely goes against every responsibility a parent has

>>53888210
>1. there are less self-employed people nowadays
Do you seriously doubt this? You already mentioned technological advancement and bigger firms. Those are the mechanisms by which smaller local businesses have been stamped out since the beginning of industrialization. It's most obvious with the global disappearance of small-scale agriculture that supplied a local area (i.e. family farms). Big businesses uprooting local business is a tale as old as the industrial revolution. Obviously it brought benefits as you've mentioned, but it'd be disingenuous to not recognize those benefits come at the cost of the small(er) business owners they displaced. Just imagine the productive organization of a typical town a hundred years ago versus a typical town today.

If you want hard stats, the BLS has self-employment rates down from 18.5% in 1948 to 7.5% in 2003. But it's also worth mentioning 1) this process started way before 1948, where their stats begin, and 2) it has probably come a long way since 2003.

>2. assuming that's true, that the cause for that decrease is that loaning with interest is permitted?
My point wasn't that the cause is loaning with interest (usury), my point is the simple fact that the start-up cost of most businesses has skyrocketed (and opportunities plummeted), and unless you have that money laying around you have no choice, which is obviously another barrier to entry that can be pretty intimidating.

>You took out a loan
>Then interest had grown
>I gave you the sack
>Time to pay it back
lol, no
>You paid your own comission
>To avoid all suspicion
>You fabricated sedition
>You belong in perdition

>>53887538
Gulag and/or Army.

>>53888589
Ok my original point if you scroll up is that commercial lending is necessary in this millennium to maintain the economy. But I see you're just complaining about being too poor to start a business. Good talk.

>>53888336
what the fuck are you talking about?

>>53888571
Incidentally, the property owners in England tried to insulate themselves from the dangers of freely alienable land while reaping the benefits by locking the land in estate trusts. The land became owned by a trust and the trustee had no right to profit from its sale, while the beneficiary did not "own" it so had no right to sell it but received the profits from it. You might notice this looks similar but in reverse to ownership in an LLC, which gives certain rights to select management but treats the owners as beneficiaries who are personally insulated and not liable for the company's debts. Lenders were increasingly able to just seize trusts, but the benefit of being insulated from a debt by isolating assets to a corporate entity were useful for parceling up investment opportunities and letting the lenders know exactly what they were lending against. Again I think the spread of this innovation was mainly a technological one, specifically in the expansion of state bureaucracy. In the middle ages it wasn't really clear who had rights to what, there were records of everything. In England the king's men would periodically tour around the country and hear cases to determine who had claims to what in various disputes, which were the "circuit courts". They'd mainly just listen to witnesses, because that's all they had to go off of. But the bureaucracy and its record keeping better created a means of establishing who owned what, and the rise of the modern bureaucracy seems so highly interrelated with institutional history, political history and technological change (all interrelated) that it's almost impossible to figure out which was more strongly determinate of what.

But what I can tell you is that debt with interest has always existed and the major questions by Era are what was being collateralized. In the ancient world it was slaves, in the modern world it is capitalized assets. In both cases the amount of collateral seemed to be increasingly large.

>>53888770
>In the middle ages it wasn't really clear who had rights to what, there were records of everything.
Meant to say there weren't* records of everything.

>>53887897
>someone shop the text out and replace with
Damn, millennials are lazy

The only legal change that I'd make to student loans is to allow them to be included in bankruptcies. They're currently one of the few loans that won't be expunged during bankruptcy, you will always be on the hook for them no matter what.

>>53887488
You gave an unsecured 6 figure loan to a teenager

>>53888904
What was the justification to make that rule?

I also think if you get a loan you should pay it but the student loan system is an abusive and predatory model. It gets kids fresh into adulthood to pay for way inflated education and make decisions that will weight the next decade or so when they could just be doing what is "normal" and what "they should do". The alternative to don't take the loan is don't go to university.

>>53887750
This is a problem for society, because certain sectors absolutely should be doing everything they can to maximize good/service velocity while staying afloat and barring existential externalities. Food, healthcare, etc. We have a term for companies that maximize shareholder wealth to the detriment of broader socioeconomic value: leeches.

>>53887488
>Be billion dollar company
>Take it loan
>Can't/don't pay it back
>Daddy govment bails you out no questions asked
>Take out another loan
>Can't/don't pay it back
>Rinse and repeat

>>53888770
ALSO there was debt with interest in the middle ages too, but it was usually structured so that the interest payments were a separate contract that was called "insurance" for the loan. The the interest payments were premiums paid to insure the loan. What was substantially different was that underlying collateral interests in the assets they were funding weren't really available to lenders. If your debtor defaulted, then you lost the principal. But what you could do in many places is lay claim to some payments to make you whole, so the debtor could continue to owe you money. But that is a headache, lenders don't necessarily want that. Alternatively if it was legal you could be enslaved for your debt.

In the post-medieval Era there was a return to more concentrated property ownership like in the classical world, though lenders could not enslave debtors but could seize their assets. Particularly land and such.

But like is mentioned in my previous post, you'll notice the major collateral seems to increase in amount with time. I think this is just because a system of debt and its particular property norms tends to grow as collateral gets seized and the lenders monetize it by liquidating it and lending out the money again against their preferred assets. So all the capital flows to the lenders, and the lenders say "I'll give you the capital if you'll put up the collateral" to the next guy, and it continues. So the successful lenders implicitly manufacture a kind of relationship to property and spread it. This doesn't always look one way. There were commercial lenders in Rome, but Caesar was also a huge debtor. He was loaned money to raise armies to enslave people in Gaul. The financial system in Rome majorly produced slave collateral, both in the fact that the defaulting debtor could be enslaved, and in the fact that slaves became such valuable and common collateral that military expeditions to enslave thousands of people were financed.

>>53888943

The Department of Education is required by law to give those unsecured 6 figure loans to teenagers, yes.

Private loans unsurprisingly are more stringent (typically require credit check and/or a cosigner).

No. My corporation took out a loan. After a time of being profitable it folded like most corporations. Sadly this resulted in the corporation going bankrupt and the creditor having no recourse.

Now if you'll excuse me I have to go and write off the value of those shares on my taxes for the next 34 years. How unfortunate.

>>53888578
This. Fuck universities and fuck retarded parents. The US is just a bunch of businesses leeching it's people and brainwashes them into becoming paypigs. The country is a joke

>>53887488
I swear I saw exactly the same topic like 1000 of times already. Is this forum run by bots?

>>53888724
I'm telling you why loan interest exists in the first place.

>>53889033
>Billion dollar company provides jobs and goods for thousands of people if not more.
>Dumb poor unmotivated indebted student provides....uhhhh....hmmmm....

Who should we save?

>>53889000
reminder you will pay it back. Cope and seethe retards

>>53889094
You sound like you have very little real life experience in business or anything really.

>>53889115
Usury wasn't a thing unless you were strictly loaning to someone outside of your own kingdom/nation. I wonder who got that ball rolling.

>>53889038
I'm not sure why you're wasting time trying to educate these retards. They'll just twist anything you teach them to later bolster their inherently ideological prejudices in future arguments - assuming their small brains are capable of retaining the information you're imparting.

>>53888571
Yeah, the tech is worse now

>>53889142
Blame whoever you want, you will always be poor.

>>53887914
This i was 16 when i got my first student loan, 17 when i got my last.

Im 22 now, and now ive matured enough to realize i will want to go to college fairly soon, but also ive quit using drugs, gotten real jobs, actually kind of know what i want with my life. If my 5000 in loans dont get paid back, ill do it, but that 5000 dollars would be nice. Dont think the boomers wpuldnt take it if they could.

I owe 400k in student loans. I only borrowed 280k. Of that 280k, only 271k went to the university. 9k in fees were charged at loan origination.

I make about 40k/year.

>>53889249
What the fuck did you spent 271k on?

>>53889249
>I owe 400k in student loans.

No you don't.

>>53889097
I was totally against bailouts until someone explained it like this. It sounds terrible to think that im gonna be a hobo if i fail, but businesses get a money printer to go BRRRR if they do, but also if they fail, WAY more people will be homeless. I think there should be a more responsible way to do this, like a temporary bailout and having people get a years notice that their company will be dissolved and they need to find new jobs in that time, but thats not gonna happen, and this is the best we can do for now.

>>53887713
Show your nose. I bet it's massive.

>>53889159
Unfortunately I'm just procrastinating. I need to block this site during work hours. I find the whole topic interesting so I wish it was something discussed more earnestly. But this is also a Taiwanese cigarette boat board, so I know I can't expect much out of it. Politically I do think that debts should be wiped out sometimes, it can have the effect of rebalancing the system and there is a long history of doing it. But I think legends of the ancient Big Debt Cancellation like the "jubilee" are probably a little oversold. I'll bet that debt cancelations throughout history have usually been constrained, because the ruling elite are usually net creditors. They wouldn't want to make the system of debt they majorly benefit from seem TOO arbitrary. But the elites aren't always on the same team, and they often owe money to each other, so sometimes ambitious elite debtors (or not, they don't HAVE to be debtors to be ambitious) will win the loyalty of some soldiers or the commoners by declaring they are going to upend the financial and property system, and sometimes those people succeed. They can seize power off of their promises and basically kill, exile or just destroy the power of their elite rivals by seizing their wealth and forgiving the debts of their followers. Really upending systems of debt are usually violent like that, it's sort of a cheap political payment for power, because nothing tangible necessarily has to be paid by the victor. They just have to declare the freedom of the debtors and they're a hero, and they also get to potentially win out a second time by directly seizing the wealth of their defeated elite rivals for themselves.

>>53887488
>Take out this student loan to be a part of our social contract, it will pay off
>You sure? That's kind of a lot...
>Yes, trust me, it will pay off in no time flat
>Ok, I guess so... Maybe I'll just go to a community college or part time to bring down cost
>Haha no that's for suckers and losers. You don't wanna be some poor idiot, do you? Go to college full time, and make sure you pick a good one, not some random shitty local school that you can drive to
>Ok, I guess so...
4 years later....
>So I'm done, how about that job
>Oh yeah, uh, you have 4 years of experience, high gpa, internships, leadership roles in volunteer groups, letters of recommendation, and other stuff I'll make up at the end?
>Uh..no but I don't -
>HAHAHAH ohhhh well that sucks, maybe McDonald's is hiring?

>>53888960
Wagies and banks mad that Drs and PhDs were going bankrupt and timing it so they would finish their fellowship or post doc right as the 7 year mark ended

>>53889589

If 18 years have as little agency as you all claim, maybe they shouldn't be allowed to vote, smoke, drink, etc. until 25.

>>53889618
Or maybe they should more transparent and less predatory? You sound like one of those guys who tries o justify why age of consent should be 11.

>>53889589
This greentext is just you admitting that you're an idiot who didn't realize the point of college was to get a job.

I understood this in elementary school. It is your fault for not understanding your potential, wasting four years getting high, and getting a degree in an unmarketable subject.

>>53889249
how much longer on your residency?

>>53889609

Bankruptcy isn't a get-out-of-jail-free card lmao. You need to actually be broke and not able to afford your payments to declare Chapter 7. If you have income the courts will garnish it, if you have liquid cash or assets (other than certain protected ones like your primary residence and retirement accounts) the court will seize your estate and sell them to make the creditor whole. I don't think allowing student debt to be discharged through bankruptcy is the panacea some people think it is. There are also already situations where the debt can already be discharged, but it requires serious hardship (no ability to work and income due to permanent disability, stuff like that).

>>53889618
I agree, Men shouldn't be able to vote, drink, serve in the military, or take out massive loans until 21(smoking should be banned outright). Idk about women since they mature at a different rate.

>>53889639
Yup, definitely not anyone else fault but mine. Not the schools who spend more on marketing and sports than actual program development. Not the schools who pushed college st any cost and any major. Definitely not the lenders who pushed it all to convince people that amy degree from any college was an instant way to get to the next level Yup, tens of millions of people are just plain negligent and dumb.

>tens of millions of young men are jaded and single
>It's socieities fault
>Tens of millions of people are pushed into diploma mills from a young age and take out predatory loans at the behest of everyone
>YOU SHOULDA KNOWN BETTER DUMMY!

>>53889630

Who is they? Nearly all student loans are originated by the federal government, and most of the minority of people who have private loans had public ones before they refinanced with a bank for a lower interest rate. The Department of Education isn't cold calling people or going door to door to peddle their student loan products to the unsuspecting public. Potential students intentionally seek out and apply for these loans. They can see the interest rate, they can see what their monthly payments will be after they graduate, they can research job placement rates and the salaries for the career they want to get, they can research what those careers are currently paying at the entry level and figure out how much the payment will be as a portion of their potential future income, they can find an amortization calculator online to see how long they'll have to make payments and how quickly the degree will ROI, etc. These are all things you should be able to figure out at 18.

Kek, usury is bad, and loans are bad too - but if you're retarded enough to take a 200,000 dollar loan to get an African Studies Degree, it's on you.

I'm not hyper-inflating MY savings away to bail out retarded subhumans.
I don't understand why people think that if I don't want hyperinflation, I must be "ONE WITH DA CORPORATIONS" or "DA JOOOS."

I'm a /pol/fag through and through, and you are a retarded commie if you think making everything.
Fuck usurers, fuck banks, and FUCK retards that enable them by taking out the loans.
You cunts act like the average college graduate is some innocent being that has done no wrong.
Except you forget they:
>push cultural marxism
>subvert western society
>have rejected traditions, religion, and morality
They deserve everything that's coming to them.

But, by all means - forgive the loans.
A C C E L E R A T E .
I for one am excited for 95% of the population to die.

>>53887623
Based. That's what every American should do. Education should be free.

>>53889877
If you think making everything FREE and wiping away all debt won't make society implode.*

>>53887544
And universities will have to stop charging exorbitant prices and cut back (or just die). Problem solved.

>>53889879
>EDUCASHUN SHOULD BE FREE
>taxes increase to 70% like europoors (I used to be one, I'd know) because nothing is actually free
We did it Patrick, we created Communism!

All education should be eliminated and homeschooling / self teaching should be the only "education."
Fuck academia.

>>53889877

this board is hilarious

>FUCK THE ELITES! SMALL GOVERNMENT!!! TAXES ARE THEFT!! BUT ALSO PAY BACK THE MONEY YOU OWE THEM!!! THEY DESERVE IT!!!

>>53889781
>let's keep increasing the consent age
this is how you make manchild generations
kys retards

I just don't see (((them))) going through with this relief at all. Anybody with eyeballs can see that the goal for central planners is to get people loaded up on as much debt as possible right now. Once people are BTFO'd so bad that you start to see civil unrest they'll yank the rug and offer some bullshit like "we'll forget about what you us so long as you surrender these certain rights."

Hope you're ready for Feudalism everybody.

>>53889971
I didn't say consent, who are you quoting?
Here's my post again because you clearly didn't read it before replying.
>I agree, Men shouldn't be able to vote, drink, serve in the military, or take out massive loans until 21
Brains don't mature until 25, and men mature at a slower rate than women, I think 21 is very lenient for large life shaping decisions.

>>53889439
Show your virginity. Oh wait, you just did.

>>53887488
this isnt wrong, but its avoiding the details that make it a problem.
a lot of student loans are totally predatory because students are young without credit history, so they automatically get high interest rates and you cant bankrupt the debt away. even with a co-signer and 700+ credit scores, private lenders slap 10%+ rates on loans that often exceed $40k. the total financing costs of these loans end up being 50%+ of what was borrowed, because many go for 15+ years. the other issue is the insane rise in tuition at all colleges, and especially schools with top tier credentials.
the loan and paying it back isnt really the problem
>want to go to school to earn more money
>costs 25k+ per semester, take loan each semester 10%+ interest rate
>finish school, make shit money because you have zero experience
>now you have a house worth of debt with a high interest rate and your prime earning years are 5+ years away.

>>53889795
>I'm so dumb I got duped by ads and marketing and couldn't understand the choices I was making! Neither could my parents! Now pay back my loan, America!

Again, this was elementary school level shit. What is college for? To get a good degree, to get a job. Folks who weren't braindead understood this, and if the government considers you smart enough to vote, you're smart enough to pay your own fuckin loan back.

>>53889877
>But, by all means - forgive the loans.

>I for one am excited for 95% of the population to die.

Is there an intermediate step here?

>>53889420
you're 22, you don't know shit about anything, m8

>>53889970
yeah it's basically just a bunch of self-hating schizos

>>53890112
>costs 25k+ per semester

If you're retarded maybe. Average in-state tuition for a public 4-year university is like $10k/year. Out-of-state schools are like 2.5x that, private universities 3.5x. Only reason anyone should ever consider an out-of-state or private university is if you're getting a full ride or mommy and daddy are paying. The ROI just isn't there, most employers don't give two shits about where you went to school. They all have to meet the same standards if it's an accredited degree program, literally nobody gives a shit where you got your degree and paying 2.5-3.5x more will not ROI and yield a 2.5-3.5x increase in your salary after graduation. If you have to take out loans, that means you can't afford that fancy private school and your ass is staying in-state.

Community colleges are also a great option for your first two years. They're about 1/3 the cost of 4-year universities on average. Just need to verify before enrolling that the credits will transfer to the 4-year institution you plan to finish your bachelor's degree out at.

Also you got fleeced if you're paying 10%$+ on your student loans. Interest rates are the highest they've been in 40 years and student loans are currently at 5% for undergrad.

So if the 4th reich came to power and defeated the jews you guys would still make people pay back their student loans?

>>53889689
>>53889867
>>53890323
here's the Yous you crave

>>53890348
nah, they're a bunch of pussies and would pretend they agreed with national socialism all along, kek

>>53888172
I literally do not even live in America anymore but cool wall of text bootlover

hey crackers, what if all these students just can't afford to pay it back? I know you can't use bankruptcy to default a student loan and it kind of just stays there. so would all the lenders just become insolvent? would that mean a big bailout from the government?

>>53889038
these posts are really cool, thank you
how did this work with jewish creditors? ive read a bit about the edict of expulsion and how jews ability to engage in usury basically caused the whole thing

>allow 18 yr olds to take out 200k in debt

>>53890357

Thank (You)

>poor people need gibs
>sure, here you go
>rich people need gibs
>sure, here you go
>middle class workers want anything
>NOOOOOOOOOOO NO O NON ONO NO THIS CAN'T BE HAPPENING COMMUNISTS ARE TRYING TO GET FREE SHIT
Every time.

>>53890447
this
it's fuckin tiresome

in my state they have very affordable houses to buy, but to buy them you can only make maximum 78k per year. so i can't buy it with my solidly middle class 6 fig income.

It's coming, boomies. The days when we piss and shit on your graves are almost here.

>>53887488
The most important thing to consider about any student loan forgiveness is the actual degrees/majors the loans are being forgiven on. It probably will predominantly be women's studies, english, trauma studies, and things like that which means that what the loan forgiveness program actually ends up being is a subsidy for the most useless fields of study the country has.

It's literally the exact opposite of what the country should be doing. If you want to do some socialist shit that actually makes sense, do this: create a program where STEM degrees are either directly funded, heavily subsidized, or rebated. Not this "teehee, let's forgive ALL student loan debt!" because it's mostly going to be chewed up by useless shit degrees obtained by mostly useless shit people.

>>53890520
>It probably will predominantly be women's studies, english, trauma studies, and things like that

citation needed

>>53887515
>pay for my loans to own the jews

Fuck you and fuck the jews. Not my problem.

>>53890734
He didn't go to college because he's too dumb and he made it up. Better yet, he VILL be paying for my STEM degree.
That's the source bro.

>>53887488
Yea I read how Social Security credits work as a 33yr old. SS credits only last 10 years, so the 15% I've paid every single year since age 13 is all gone I don't even get credit for it. KYS criminal thief boomer OP faggot.

So what was the outcome? Did the loans get forgiven?

>>53890280
You're right? Not sure where you got the idea that I thought I knew everything, I just have opinions which can very easily be changed by hearing an opposing sides arguement that makes sense to me. But i guess yeah, you're right

>>53891763
>I read how Social Security credits work
>SS credits only last 10 years
>15% I've paid

hmm doesn't seem like you know how to read

>>53890403
Took a loan when I was 21 now I am 25 with out any debts. Paid everything back with interest.
Invested in crypto ETH, BNB, EGLD, UTK and METIS.
With the upcoming bull market I hope I will settle for the rest of my life.

>>53887488
Useless degrees and false promises!
Financially predatory loans!
Out-of-touch boomers trying to judge!
No jobs, no life, no future!

The government has forgiven over three quarters of a trillion dollars of PPP loans. I do not give a fuck. I will drag my feet and not pay for as long as possible.

>>53892907
Crypto is the future wether you agree or not. Better to start now as the adoption of crypto payments is reaching heights, the dream of Satoshi is now a reality.

>>53887488
>you took out PPP loans
>pay them back
>you risked your banks solvency on a gamble that turned out to be wrong
>pay it back
>you stole the injuns land
>pay it back
>you owe britain tax money
>pay it back
America was literally founded and built on not paying shit back to anybody fuck you

>>53893135
your own fault for not studying stem. would've been making 6 figures soon after graduation and could have paid it back easy

>you VILL pay off the 100k in tuition fees for Becky's sociology degree which she used as an excuse to get high and fuck strangers while you were alone in your dorm studying 3 hours a day minimum to stay afloat in your STEM course

No. I don't think I will. If the student loan forgiveness goes through I will move or no longer pay taxes. Fuck this joke of a country.

>>53887488
Yet boomers Just declare bankruptcy

Can I just take 20k of credit card debt and not pay it back if they forgive college debt? I can just refuse to pay and demand debt forgiveness right? I see this becoming a thing the working class does if the middle class degreefags get debt forgiven. I wonder what the repercussions of this will be. Maybe the event that triggers the next crash?

>>53894550
Oh I did, and I can pay them back, I'm just not going to.
>>53894570
>He is actually just bitter about pussy.

>>53896799
>>He is actually just bitter about pussy.
I'm 'bitter' about the fact people who made poor decisions and wouldn't give me the time of day now want me to pick up after them

Debties are so mad lmao.

>>53897045
The government shouldn't have guaranteed six figure loans for degrees that have no chance of returning on the investment. The lender is liable for the fuck up.

>>53897244
it takes like 2 minutes to google your degree prospects and work out if going in debt to study it is a smart idea

>>53887488
Checked doubles. You're still a Jew though

>>53889197
What if I'm not? You know what I'll give you the benefit of the doubt and keep the argument in good faith. Even if I was poor, you'll never have a soul Shmee.

So the option are
>(A) government does nothing and gets away with interfering with citizens financials- cringe

>(B) government pays student loans thus causing tuition (and student accommodation) to go up in price again as now they'll expect they're asking price to be paid in full - mega cringe

>(C) The government undoes it's previous law where student could declared bankruptcy on their loans meaning banks will actually have to thier jobs and vet people before giving them money and tuition will go down as a consequence so potential students could just take jobs instead to earn a reasonable amount of money in a few short years to pay for college outright- based

Why does OP never talk about option C?

>>53899427
Option C is the right thing to do, as such we can assume that it won't happen.

>>53887488
I don't know if OP is part of the "divide and conquer op," but "loan forgiveness," "vs. "pay up, pleb" is a false choice.
Colleges get off the hook for their scams in this scenario.
Very similar to "muh reparations." The real culprits get away.

>>53897244
They knew most people don't know anything about it. You're focused on the debtors and lenders, and the universities get away with it.

>>53887488
AHHHHH, JEEZ DUDE...

>>53889939
>We did it Patrick, we created Communism!
Holy cringe
>All education should be eliminated and homeschooling / self teaching should be the only "education."
Holy based.

>>53889877
I agree. Only thing worse than bankers are people who take loans.

>>53894570
>send billions to israel
>this is fine
>send billions to ukraine
>this is fine
>give over a billion in gibs to niggers and retards every year
>this is fine
>literally 1 thing that would give some of that money back to the honest workers/taxpayers who got jewed by the jewish college loan industry
>noooo america is LITERALLY unlivable now im LITERALLY gonna move
ok nigger loving jew loving faggot where were you for the past 50 years

>>53900650
You're being fooled in a (((divide and conquer))) strategy.
see>>53900353

>>53900448
Oh I completely agree. The gravy train needs to end for universities.

>>53887488
>get psyop'd into a pyramid scheme while in high school
>billionaires responsible tell you to pay up anyway

>>53900650
This is not fine there's just nothing we can do to stop it. You all are fucking niggers and nothing revealed to me the state of 4chan more than how faggots responded the moment the conversation opened up to steal from other people. The exact thing you accuse niggers of doing to you but you're different your circumstances are special that doesn't make you a nigger. This society is dead. You just scream it's a kike talking my money and point and you expect to magically get people to support your theft because fuck kikes right. Just point and say that's a kike over there now give me money

>>53887614
Cool it with the antisemitic remarks

>>53900787
>This society is dead.
Yes, and I'm not paying.

>>53887713
>without loans there would be no goods or services
Goyniggers were a mistake.

>>53887488
huh, good point honestly

>>53887523
>loans with interest rates = usury

>>53890447
Both the rich and poor are parasites, makes sense that they'd wash each others hands

>>53887544
Don't threaten me with a good time.

>>53900787
>nooooooo you have to be better than the jews and niggers
>you HAVE to be the base of society that holds together all the other theives
>nooooo you have to pay your loans back to shekelstein
>its ok that they do it but if YOU do it society will crumble!
suck my cock glowfag

>>53890496
Reddit moment

>>53887488
Kay can I stop paying social security tax then?
I'll gladly handle my own loans.

>>53889097
>>53889420
you guys are so naive
when an airline goes bankrupt, none of its flights are cancelled
infrastructure owned by companies are just auctioned off to newer ones
none of "le jobs" are lost, you are simply too gullible, dumb wagie

>>53890181
>le degree
show github/ gitlab
your degree is 200% worthless lol

you either know rust or you don't