Student loans should be handled like business loans: present a credible plan showing how the loan will be repaid on time, or no loan. People going into six-figure debt to get $35k/yr jobs is insanely stupid.
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I’ve been bitching 2 deaf ears 4 yrs. most all agree 2 pay”Student Athletes”4 their work on the field& in truth it is an employment. They get”free room & board,free but limited food, free medical through not sure 2 whom it’s slighted & free training/education 4 those talents
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Brought 2 their prospective fields.granted it’s only the sports that bring in money so all student athletes R not equal. Also a large proportion of that debt is from”.edu” type schools & others promising 2”get U well paying jobs” in U name field,like electronics or drafting or
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auto mechanics. Even the art field like cartooning or advertising. The ? Becomes who pays 4 what. & if duped by say”ITT”or”Trump University” Y R those still responsible 4 those Fed. backed loans.Neither the Gov. nor the borrowing student were out 2 defraud. It was the school it’s
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Administrations & our great and mighty Congress that set up this system of crime & punishment while collecting from those very entities that pushed this agenda. Little facts maybe most don’t know? Owe back taxes? IRS as well as others will work with you so U can live. Owe back
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Child support? U can work with HRS 2 postpone or reduce till more able 2 pay. This was not always the case. Wasn’t till they figured out people can’t pay support while in jail.DAH! Now student loans? That’s a different all 2 gether. Don’t care if your student loan debt is recent
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Or goes back 50 years, U owe it plus interest & either U or those related 2 U R responsible 4 it. Don’t tell about “those plans” either. As soon as I say “I’m not in school”or I attended school in the 80’s? KLICK! Members of our governments don’t have those problems. It’s a perk
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Of being a Gov. VIP. It’s not they don’t pay, it’s the amounts they do. So,”Mr. & Mrs. America & all the ships at C” # what’s your F-ing plan?” # I know beg 4 more $ & throw that at it.
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University is not the One True Path.
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Meanwhile, going rates for handyman: $90/hr. Landscape maintenance? $50/hr. Truck driver? $50-70k/yr. Electrician, plumber? $60-100k/yr -- tons of overtime recently. Mechanic? $100k/yr. But keep paying $250k for a $30k/yr office job and think you're better than the people above.
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@SDCactivist@DebtCrisisOrg@NCLC4consumers @oncsumerreports the interesting/chilling part is after the loan--loans being bundled in "tranches"--like credit default swaps--remember them?Thanks. Twitter will use this to make your timeline better. UndoUndo
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Education and healthcare debt are the new form of indentured servitude: charge as much as possible to keep people in debt as long as they can physically work. Meanwhile, your taxes pay for a trillion dollars a year on the military to send 18 year olds to die in Afghanistan.
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fix the problem by making the schools recourse to the students debt
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I went to school by working with some scholarships money. State schools are less expensive
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Things got out of control when the federal government guaranteed the loans. How rare.
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