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I’m a 29-Year-Old With $235k in Student Debt. I’ll Never Pay It Back.
Yahoo Finance ^ | June 17,2019 | Simon Galperin

Posted on 06/17/2019 11:13:11 AM PDT by Hojczyk

click here to read article


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To: arthurus

LOL!, I had forgotten that one!......................


201 posted on 06/17/2019 11:58:16 AM PDT by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
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To: EQAndyBuzz

Oh right, right. “Interpretive Afro-Haitian Dance’’. And a minor in 19th. Century European Socialism.


202 posted on 06/17/2019 11:58:17 AM PDT by jmacusa ("If wisdom is not the Lord, what is wisdom?''.)
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To: rintintin
You sound bitter. Here's some free information: different crimes generate different sentences.

Use a gun in an armed robbery to steal $100? 3-5 in the state pen, depending on priors (if any) and/or mitigating/compounding circumstances.

Use a computer, knowledge of technology and finance to commit fraud and gain $500,000 scot free? Maybe, maybe 1 year sentence; that is, if it's even pursued, you happen to be in US jurisdiction, there's an expert willing/able to explain the intricacies, or you hand yourself over.

With respect to large-scale financial crimes, the banking families are the one who wrote the laws. Of course the system is going to protect them; that's what 'to big to fail means'. Now, you can get upset and cry that life isn't fair, but you'll still be unhappy, you'll still be poor, and the smart money will still be rich.

As for clueless students racking up unpayable college debt? There's a sucker born every minute.

203 posted on 06/17/2019 11:58:21 AM PDT by semantic
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To: Hojczyk
Why would I choose to pay down my debt if it meant I wouldn’t be able to afford basic living expenses?

It's a choice, you see.

I would support making new debt dischargeable in BK. That would, of course, make school debt more expensive and harder to get.

This seems to me to be exactly what is needed.

204 posted on 06/17/2019 11:59:29 AM PDT by gogeo (Liberal politics and mental instability; coincidence, correlation, or causation?)
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To: Hojczyk

The author wants student debt forgiven so that it can be replaced with mortgage debt. If they can’t pay one they won’t be able to pay the other.


205 posted on 06/17/2019 11:59:50 AM PDT by Brooklyn Attitude (The first step in ending the war on white people is to recognize it exists.)
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To: Hojczyk

I guess you learned a lot about home economics in college didn’t you.


206 posted on 06/17/2019 12:00:43 PM PDT by DungeonMaster (Prov 24: Do not fret because of evildoers. Do not associate with those given to change.)
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To: Balding_Eagle; goodnesswins; 9YearLurker; All
"I noticed he didn’t say what his master’s degree is in. I’ll bet it’s in lesbian dance Theory."

Education

Social Journalism, M.A., 2016 Engagement and innovation Newmark Graduate School of Journalism at City University of NY 2016

Journalism and Media Studies, B.A., Media anthropology and public policy Rutgers University—New Brunswick 2014

http://www.simongalperin.com/

"Social Journalism?" Geez, stupidity!

207 posted on 06/17/2019 12:02:17 PM PDT by rxsid (HOW CAN A NATURAL BORN CITIZEN'S STATUS BE "GOVERNED" BY GREAT BRITAIN? - Leo Donofrio (2009))
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To: jmacusa

Yes they do. A friend of mine is a plumber and he just traded his second Ferrari for his first Lamborghini. No, I’m not kidding...


208 posted on 06/17/2019 12:02:26 PM PDT by ManHunter (You can run, but you'll only die tired... Army snipers: Reach out and touch someone)
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To: Brooklyn Attitude
The author wants student debt forgiven so that it can be replaced with mortgage debt.

So does the real estate industry. And they have armies of lobbyists. Which is why I think this is actually gonna happen.


209 posted on 06/17/2019 12:02:36 PM PDT by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer.)
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To: rintintin

Sounds like your go to is anti-business. The buck stopped higher.


210 posted on 06/17/2019 12:02:36 PM PDT by sparklite2 (Don't mind me. I'm just a contrarian.)
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To: Hojczyk

Warren is pushing bill for this...

I think it should be illegal for campaigning pols to introduce legislation that amount to bribes for votes.


211 posted on 06/17/2019 12:02:44 PM PDT by Freedom56v2 (#KATE'SWALL Build it Now)
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To: ManHunter

Tell me about. Plumbers do damn good.


212 posted on 06/17/2019 12:03:27 PM PDT by jmacusa ("If wisdom is not the Lord, what is wisdom?''.)
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To: Balding_Eagle
Social Journalism, M.A., 2016,Engagement and innovation,Newmark Graduate School ofJournalism at City University of NY,2016

Journalism and Media Studies, B.A.,Media anthropology and public policy,Rutgers University—New Brunswick,2014

This lad is a true Social Justice Warrior. He appears to be a big "palestinian" supporter.

In short, this dude is a muslim communist.

213 posted on 06/17/2019 12:03:39 PM PDT by Thommas (The snout of the camel is in the tent..)
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To: Freedom56v2

Liz Warren recently introduced legislation to forgive student debt.

That is a terrible idea and would set a horrible precedent.

Mr. Galperin serves as a useful model of the consequences of bad decisions. It would be a loss to the nation to lose him as an example.


214 posted on 06/17/2019 12:04:00 PM PDT by Lonesome in Massachussets ( Schumer delenda est.)
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To: 9YearLurker

So his degrees were in journalism and he’s the correct kind of leftist. He will do well.


215 posted on 06/17/2019 12:04:41 PM PDT by Yaelle
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To: rxsid

CUNY I’m pretty sure used to have and may have again some sort of free tuition deal. Was also known for its open admissions policy.


216 posted on 06/17/2019 12:04:45 PM PDT by 9YearLurker
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To: Hojczyk

Repealing a tax cut to pay off losers who refuse to pay their damn loans. My God, America is insane.


217 posted on 06/17/2019 12:05:05 PM PDT by shanover (...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
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To: 9YearLurker

I read that. I don’t understand how his job creates revenue? Collecting and selling unicorns? I don’t know.


218 posted on 06/17/2019 12:06:04 PM PDT by DariusBane (Liberty and Risk. Flip sides of the same coin. So how much risk will YOU accept? Vive Deo et Vives)
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To: Hojczyk
Used to be a time, not all that long ago, when most people didn't go to college after high school. Many learned a trade. Others joined the military. Some worked in the family business or started their own business. Many took an entry-level "mail clerk" type job somewhere and worked their way up the corporate ladder - some of those people even made it all the way to CEO or some other high executive position.

Those that did get college degrees had plenty of jobs waiting for them because they were relatively scarce. In many cases, the top students would get recruited while they were still in school.

Now that everybody feels they MUST have a college degree and that they are basically handed out like lollipops for anybody willing to pay the spiraling tuitions, they have been devalued for the most part.

Now having a medical, engineering or law degree is still meaningful for the most part but those with degrees in the "liberal arts" - of which there are many - are basically found at your local Starbucks learning the finer points of the latte machine.

Now there's nothing wrong with being a barista, it's honest enough work. But if you took out a six-figure student loan to work there, you are pretty much screwed.

219 posted on 06/17/2019 12:07:01 PM PDT by SamAdams76
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To: Hojczyk

Ok, you need to give back your education, complete with the revocation of your degrees.


220 posted on 06/17/2019 12:07:10 PM PDT by McGavin999 (Border security without a wall is like having a Ring doorbell without a doorw)
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