Those uneducated red state blumpfhtards are going to have to start pulling their weight

1. You can't claim bankruptcy on student loans.

2. They all rent, so they don't own property to seize.

3. They're either overweight or on a cocktail of depression/anxiety meds so they wouldn't make it through Basic

4. Is negligence (which is the case for the vast majority of these people) considered a form of fraud?

What is with people like you and this 100k loan scenario?

Not necessarily man. If you have been paying the loans off monthly for years you are going to have good credit. They are called personal for a reason. I get offers in the mail all of the time from Marcus, etc and if you actually read them they tell you to "go ahead and remodel your kitchen, go on a trip, etc." Because I have good credit. Was also just reading a article saying how this lending segment has exploded in the last few years. A lot of this is done by computer as well, if you have a certain credit score and are employed they will approve you.

I'm not suggesting anyone do this, but they can be discharged indirectly.

Also to the people who complain about paying for years and not making a dent, do not do the reduced payments based on your income level. You will never make a dent. Make sure you are paying interest and principal. And if you graduated, you should know how to use the pmt() function in Excel. Put in the principal, the interest, how many years you want to be debt free, and pay that amount monthly until the debt is paid.

lol its in reference to the tweet in op.

but they can still get denied for simply having a high balance on old accounts.

I have an experience that I feel is kind of exemplary of choices one can make, or not make, that determine whether or not one ends up in this type of predicament.

When I was in grad school, an opening came up for a summer program that would help me graduate faster, and look good on a resume. But because it was a summer program, I couldn't continue to do TA work and thereby get a discount. Had to pay full price. Couldn't afford it at that time, so I took out a $7k federal loan to pay for the program and related expenses.

When fall semester came around, I resumed TA work and paying for everything myself, but the feds I guess thought they had me on the hook, so they sent me another check for around $7k. I had not asked for this check, they just sent it; I was surprised to receive it.

After thinking it over for a couple minutes, I called the lender up and asked how I go about returning the check since I didn't need the money. I think they just told me to destroy it, don't remember.

But the point is, I had what was a lot of money for me at the time, in my hand, ready to go, no questions asked. And I gave it back. Because I knew it wasn't free, though it sort of felt like it was.

This is why they need to end public education.

I, and millions of others, put in the work, got good grades, applied for grants and got scholarships to be able to go to the school I wanted, and had my minimal student loan debt paid off in three years. I will be royally fukkin pissed if some socialist azzhole cones along and uses my tax money to forgive the student debt of this generation and not pay me back for how much I paid for my student loan

there's something called compound interest, and loled @ paying 60k over 11 years.

That just seems like spiteful thinking.

Please elaborate

My sentiments exactly.

Two degrees, no debt, grew up dirt poor, fukk off.

It should be the goal of our generation to help the next live a better life. Just because we suffered doesn't mean they should. If it can be funded and it proves to be better, then we should do it. Of course, I am personally against more public education funding. But your reason is just spiteful.

student loans are 4-5% - you are legit fukking retarded if you pay for 10 years and have the same balance. I don't buy these stories, sorry.

This is not a solution nor is it a deterrant to get these people not to vote for a "bernie" candidate.

what part of this pic don't you believe:



I almost fell into the trap with my loan. If you keep deferring your loan (because you're in school for longer than you should be, or you just don't have the means to start making the minimal monthly payments) it increases your interest rate.

Bernie, lol. These student loan holders don't hold that much political power since they don't all support the same candidate or ideology.

The next generation is going to learn when they see their parent still living with their own parents because they weren't responsible with student loans, and don't want to be like them.

They fukked up and it's going to be painful for someone...either themselves or the rest of the taxpayers. Looking back I'd like to think it was hard on the borrowers and that the idea of personal responsibility won out.

The part no one tells you is that they took out $100k in loans for a $40k degree, and spent the other $60k on lifestyle chit like eating out every single day, new phones, new laptops, etc.

The only people with legitimate tuition debt in the six figures are people who got professional degrees (MD, JD, etc). I promise you no one with that much debt and just an undergrad was only paying tuition and housing, and I guarantee they didn't even attempt to get a part time job.

Spiteful: adjective, showing or caused by malice.

I worked while going to college, worked my azz off in high school to get good grades to earn scholarships and grants to go to the school I wanted to go to, majored in something I was immediately able to use to find a career, didn't use loan money for anything other than school expenses (I didn't know you could even actually use student loan money for anything other than direct school expenses until my sister in law did it) and made good financial decisions to quickly pay off what student loans I did have to take out. It's not spiteful to not want my taxes involuntarily raised to bail out people who made bad decisions in the same situation.

I vote Yes to tax increases for my kids' school district when it makes sense where the money will go (this district does a good job with that so I've always voted yes). But Bernie or Pocahontas saying they're just going to take more of my money to forgive these debts when just about every one of them could have done something different to not be in the situation they're in, is wrong

Real simple.....don't take out a 100K loan.

My use of the word "spite" here is in the sense that you gain nothing from their suffering. I am saying what if the public funding of college could work with no tax increase on you? Would you support it then or still argue they must not benefit from it because you didn't?

i gain nothing from helping stupid too

There’s no such thing as free, someone has to pay for it
You can tell me I won’t have to pay for it, but I’m not that stupid

No chit

I'm saying hypothetically, if u saw no tax increase (perhaps due to a cut in military spending or some other shift of funds in such a way as to not harm you), would you still be against it? I am arguing against the reasoning of "I had to deal with x therefore so should you."

To me, that argument is spiteful.

Are we gonna ignore the derpiest comment on BB.com today?

The solution here is to cap the amount of interest the government can make off these people. At the end of the day, education leads to a more civilized society. Even a degree in women's studies is a net positive for society. Let's say we cap the interest at 35% of the total amount loaned over the life of the loan.

IDK. Imagine a society where everyone were highly educated in STEM. Who would clean the toilets?

Women's studies majors.