Dave Ramsey could devise a financial roadmap that would guide these people to a debt free utopia. He could do it in about 30 minutes per person. They would have to make some major sacrifices for the short term to achieve financial peace.
Take the nurse mom and the waitress daughter. Does the nurse work seven days a week? If not, why not. Where I live, many hospitals pay bonus wages to nurses willing to work on weekends. If she had done so in the past, her debt would have been paid by now.
What does the waitress daughter do with the money that mom doesn’t charge her for rent? Do they both have car notes? If so why? Drive an older car and pay more on the loan. How often do they eat out? Do they do their own nails? How much do they spend on entertainment? My guess is that their lifestyle ignores the fact that they owe student debt, and yet they do not make any changes. Mom must enjoy her sleepless nights.
They get no sympathy from me, and I certainly should not be expected to assist them in any way. We hear so much about the pain and suffering caused by student loans. So why does congress perpetuate this mess? They should stop it.
Exactly.
You are exactly right.