Posted on 07/10/2025 4:12:07 AM PDT by dennisw
The system isn't broken. If you take out a loan, you pay it back.
You want to buy a Ford, they will loan you the money. GM also finances if you want to buy from them. How about getting a student loan from the college? Maybe there wouldn’t be so many worthless degrees. Maybe tuition prices would be reasonable.
First, as a minor, a 17-year-old cannot legally sign documents for loans without a co-signer.
Second, they got suckered into thinking they had to go to college to get ahead in life.
Beyond that, where were their parents when these kids were thinking about applying for the loan?
That would have been the wise thing to do.
Apparently, Joe Biden (or his autopen) was a king.
Back in the day my degree got me about 5 years or so in my chosen field. Fortunately for me I was able to adapt quickly to another technology when I was laid off.
“unnecessary interest charges”
Tell that to the retiree, annuity holder, or a family saving for their kids education.
“I had to work to pay as you go through college”
The problem is now the tuition has risen much faster than inflation and income making that more difficult.
The problem is rarely analyzed by sex. Women have a disproportionate share of the loans and are slower to pay. Many of them graduate and expect to marry a man with as much education as she does “a plumber no way” and make more money. There are more women than men in this market.
The women who make a good income after college many times go out and buy a condo or a house. They want to marry someone with even more income.
A young man looking at the options asks himself, why do I want to take on unnecessary debt? Many of the good looking men with high income just shoot the fish in the barrel. The others say bye.
True. And now they are complaining that they have to pay it. I don’t have sympathy for them because they signed the contracts and they have had 4 years to start saving up for this day.
Hoping the Feds would wipeout ones student loan debt wasn’t a very good financial plan..
Rescind the compound interest on student loans and replace it with simple interest. The loans will be quickly repaid. This will add millions of Trump supporters.
YOU took out the loan, YOU pay it back - and I should not be expected to.
Just as I did not - ever - expect anyone but ME to pay off MY loans.
I worked damned hard to pay off student loans, my home, cars and all credit cards and am debt free.
I refuse to take on YOUR debt.
They were sold a pig in a poke. A worthless degree, and usually at a young age. Make the college they went to pay it off
You all signed for the loans.
Pay your bills.
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