When Congress voted in May to restart student loan payments this fall — and then the Supreme Court overturned President Biden’s student loan forgiveness plan in…
Who gives a flying fuck about the economy? Not me. When the economy is bad, prices go up and I get fucked. When the economy is good, prices go up and I get fucked. So really why should I give a shit about the economy if it’s gonna fuck me regardless?
So, if good times are bad for you and bad times are bad for you… what exactly are you doing with your time? Sounds like a “if you run into an asshole in the morning, you ran into an asshole… but if you run into assholes all day, you’re the asshole” moment for you.
So you’re saying I’m what’s wrong with the economy? I’m the one causing it to be built only to fuck the poor?
Don’t be dramatic. I’m just skeptical of your woe-is-me attitude. There are 100 ways that the economy could be improved but according to you, you’d be fucked regardless. So again, why are you so fucked and what are you doing to unfuck yourself?
It’s a systemic issue. Individuals can only fix problems within a system with mechanisms that already exist in that system. If there are no existing mechanisms to fix issues, or if the mechanisms are intentionally made inaccessible to anyone but the top 1% of system users, there’s no feasible way to fix it.
In other words, your argument is asinine.
The economy doesn’t only benefit the top 1%. And it’s illuminating that y’all think it does. Anyway, have a nice day.
Is the economy an outside force or is it controlled in some way? If it’s uncontrollable, does that mean that there’s no way to insulate ourselves from its effects? Not as individuals, but as a society. And if it’s controlled, is there a way to control it in such a way as to benefit more people?
I suppose I’m coming from a mindset of “billionaires should not exist,” so take it with a grain of salt when I say I agree that it’s entirely possible to do everything “correctly” to improve your station in life and only do worse regardless of what the economy is doing. Further, I think that outcome is not only desirable for the shockingly few people who directly and indirectly benefit from it, but that it is the natural outcome of such a system to begin with.
You left off the rest of the title, “for the worse.”
You all got to stop paying? Sallie Mae dumped a shit ton of late payment fees on me for 6mo I wasn’t working over the pandemic and two years later I’m just about back to where I was back then in payments. Shit sucks. Good for you all though if anyone else can at least get out from under this. I’ll be paying until I’m 50.
It’s time to restart payment. I know many people that willingly took loans are hoping for a government bail out…even though college educated people, statistically make much more in their careers than those who weren’t. Such a bail out is essentially yet another way to bail out the rich.
The rich aren’t the ones generally taking out the student loans through the federal program.
Most rich people schools are also private, so don’t qualify for most loans through federal programs.
This is an incredibly dishonest argument.
They will earn more because of their college education , hence moving forward economically and should be able to pay for the loans they readily accepted. I think we should bail out those that actually need it, not those that not only willingly put themselves in that situation and now, for whatever reason feel as though they don’t have to accept financial responsibility.
I’ll assume based on your rhetoric you are one of the ones that owe.
What percentage of people with student loans actually can afford it though? If your argument is that all of us are too rich to get hand outs, what are you casing that off of?
My argument is two fold.
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The loan that were taken were a choice. It’s all in black and white what the loan consists of. If you choose to take one, it’s your responsibility alone to repay. If your degree is in underwater basket weaving …still your responsibility.
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It is statistically proven that educated people earn more than uneducated. Because of this, as their income grows, they can afford to pay back the loans they choose to take.
If someone opted to take out a loan they can’t pay back that is their poor judgement, and not the responsibility of society to care for them. They literally signed a document of their own free will. It’s the same for everyone, educated and uneducated alike.
It’s odd to me, when a landlord takes out a loan to buy another property, hypothetical future income is not barring him from having those loans written off, and nothing in your history here that I can find suggests you believe landlords should be put into the same situation as student loan repayers.
If people with student loans were as rich as your claim, the fiscal policy would already be set up to benefit them, but the fact that your argument hinges on denying them the very benefits you allow rich people to have in our system I think pretty effectively shows you don’t actually believe this, are merely just a reactionary.
Your argument is that they are both too rich to deserve forgiveness, but also only have themselves to blame for being too poor to pay back their loan.
I guess I would say that only a reactionary would argue the complete truth of both at once. Ironically, if the people in debt were the truly rich as you 50% claim to believe, they would have gotten their way, and you likely would have supported it.
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I have no sympathy. I have to make payments on my private student loans and didn’t have children like a schmuck because I know that I cannot afford to have children. If you have children and a house and at the time of planning you couldn’t afford them, it should all be taken away.
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No private loans here. Have enough to pay off the last of my student loans sitting in savings. Also no kids (by choice not lack of financial security). Speaking of which I’m very financially secure.
Also chiming in with a hearty “go fuck yourself” to that guy. Hell I wouldn’t care if they picked my specific income level as the cutoff and everyone below got loans forgiven and me and above have to still pay. There are tons of people who need relief.
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actually what the hell was the rationalle behind that.
I’m going to guess that someone’s Brother’s Uncle’s Neice’s father’s former roommate heard about a guy who was making a million dollars a day as a lawyer or doctor, and they discharged their student loans through bankruptcy, so of course based on this we must lobby congress, while caterwauling about how disadvantaged the poor banking industry is when being taken advantage of by all these evil college grads who are making $12 per hour.
If there’s a legitimate reason let’s hear it and treat my comment like the ignorant hate speech that it is.
Just wanted to say, go fuck yourself
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“I didn’t have children because I cannot afford it” is the system working, to you?
Something tells me it was more about their personality that led to them being childless
As someone who never needed to take loans because of academic scholarships, you can go fuck your self.
Predatory education loans have placed a huge burden on the middle and lower classes in this country. Just because you made the poor financial decision to take a private loan, doesn’t mean other people should also have to suffer.
I was in higher education for ten years. I paid my way through using a combination of private savings, and eventually my father convinced my boss to pay for my education if he wanted me to work full time (I was a REALLY good employee at his small business). I fortunately graduated debt-free unlike most of my peers.
Yes, I worked my way through, and I “earned” my degree the hard way (I made my boss millions through my own hard work for his company so I earned that degree).
But, I still 100% support any kind of student debt relief for everyone struggling to pay off student debt. It’s called wanting a better life for my fellow human. That money in their wallet would be better spent in the local economy, not paid to some mega bank corporation swallowing up interest on student debt.
I guess I just have compassion for my fellow human being over some ruthless corporation.
I had an almost 8% predatory government loan for many years. I refinanced during COVID at a low percent. The damage was already done. People call my move to private my relief, but I already suffered by the hand of the government, so if they help everyone else for not listening when they said they were going to start them back up again two years ago, it would be bullshit. That is what they intend to do though because apparently people like me should go fuck off for removing myself from a predatory government lending system. I don’t believe just some people should get helped. Especially when many people were hurt over time and only now improving.
Well hopefully you get cancer and it all works out
Why did you make the stupid decision to take private loans?
I’m sure you were fully informed about all options and walked through a thorough and honest cost/benefit analysis of each available path. Right?
You went into it with open eyes and no one ever fast-talked you or misdirected or straight up lied. Right?
Also, go fuck yourself.
Some of us that was our only option. I’m sorry I wanted to go to college. I was also 17 and nobody in my family had ever done anything like college before. I was denied federal loans and didn’t know any better. I’m not the OP though and I’m happy for those who can get their loans forgiven. It is what it is for me though. I’ve been steadily paying the past 15 years.
The ‘fuck you’ was directed at OP, not private loan victims in general. OP chose the path of bitterness. It would seem the crowd has determined that the anger OP expresses is maladaptive and misdirected.
Why did you make the stupid decision to take private loans?
Dude, you wouldn’t believe what kids are told. My former assistant at a previous job was literally encouraged by his parents to take out personal loans instead of education loans because they were extremely fiscally uneducated and were trying to help their son get a loan without knowing the difference. And being a young teen, he didn’t know any better than to listen to his parents when they suggested where to get a loan and such.
I admit it was a poorly written sarcastic question. I’m painfully aware of the deception and fast talking they inflict on kids. It makes me mad as hell when people think people took on student loans with full information.
Government predatory lone at almost 8% for many years. Refinanced when the government said they were starting up again at 2%. Damage already done. I want compensation too. Not just the people that can’t pay due to having children they shouldn’t have had.
Spoken like a moron. Who the hell can predict what happens in life? Just because you didn’t have a situation where your repayment got fucked because of an untimely accident or illness or whatever else doesn’t mean people didn’t plan well.
Did I need to put an /s? Apparently
So you would pull down others like a crab but not realize how absurd the situation is.
You took private student loans on top of your government loans and seem to be the one wanting sympathy.
You seem dense and can’t think of any way a person can suddenly require large sum of money (medical emergency, burglary, etc.) Can you? You think nothing ever goes wrong with you… so it must be the same with everyone?
I can imagine those things.
But why should I sympathize with you for taking on private student loans when you won’t sympathize with a parent trying to make a better life for their kid?
Seethe
Well that’s because you’re a shill and not a real person
A shill for my own opinions perhaps. I just don’t feel that it’s right that I had to suffer high government interest rates then moved to a low private interest rate during the pandemic when the loans were going to turn on again and now have the current administration tell me that I will not qualify for their relief schemes because I made smart fiscal decisions more recently. I say on the high interest rate government loan for many years and deferred many luxuries including having children. I should have privatized a long time ago, but interest rates were never as low as during the pandemic. Privatizing wasn’t the issue. The issue is the government picking and choosing who is eligible for relieve using arbitrary information. I should get a check that takes into account my payment history on my once public loan. Also, higher institutions need a crackdown on tuition. Many universities are spending money frivolously because they can get huge payouts from these government loans. If the university has to start assuming some of the risk of the student’s default, I think that they will change their tune.
