Posted on 06/17/2019 11:13:11 AM PDT by Hojczyk
I have $235,000 of student debt. The first $120,000 came with a bachelor’s degree from my state school. Another $70,000 or so came with my master’s degree. The remainder is accrued interest.
I would have to begin devoting half of my income to debt payment if I cared to pay it off by 2042. I can’t do that because I make just under $4,000 per month. And that income is a fairly new development in my life. Why would I choose to pay down my debt if it meant I wouldn’t be able to afford basic living expenses?
My parents are in their 60s and 70s and will live the rest of their lives with my student debt. Likely so will I. Again – we won’t be alone.
Three million Americans over the age of 60 are paying off student debt. Approximately 40,000 of them are having Social Security or other government payments garnished.
College was supposed to be about getting ahead in life. But it’s become a driver of inequality.
It does not have to be this way.
Some economists say that forgiving student debt would boost GDP by $100 billion per year for ten years and add several million jobs to the economy. It would unlock the capacity of 44 million Americans to buy homes, launch small businesses, and retire with dignity.
Congress could pay for it by repealing the $1.5 trillion tax cut it passed in 2017. Primarily benefiting the wealthy and corporations, even Goldman Sachs says that whatever economic boost the tax cut brought with it has passed.
And to keep future generations from suffering under the burden of student debt, Congress could make public colleges, universities, and trade schools in the United States free.
(Excerpt) Read more at finance.yahoo.com ...
Stoopid comes to mind
Thank Obama for your problem...and you want to get bailed out
This loser belongs in debtor’s prison.
Idiot.
Here’s some free education: When you’re in a hole, stop digging.
“The first $120,000 came with a bachelor’s degree from my state school.”
That’s a lot of beer.
Seems like a trade school was a better idea.
Sucker...............
I noticed he didn’t say what his master’s degree is in. I’ll bet it’s in lesbian dance Theory.
Of course it does. The guy's a college graduate after all.
I wonder what his major was.
So what? You created the problem, don’t expect someone else to solve it for you. Welcome to the real world.
How the hell did he rack up $120,000 in public-school debt? $30K/yr for PUBLIC school? Must’ve gotten the fanciest meal plan, the ritziest dorms, didn’t work an hour the whole year, didn’t pay a dime himself...
I skimmed the article for a clue as to the whiner’s, er, writer’s, course of study.
Didn’t see it. I would find that to be a relevant fact.
Of course, that idiot thinks Congress just prints free money. No, that’s my money going to pay off his debts and I bring home about half what he does but somehow that’s fair. Nevermind I paid for my and our kids’ college in full but I’m expected to pay off everyone else’s which is, again, somehow fair.
Bachelor’s degree. In what?
Master’s degree. In what?
Stupid should hurt and in this case it does.
He’s got a masters degree and can’t figure out basic math. Who told this Einstein to go into that much debt?
The world needs ditch diggers, too.
Apparently didn’t learn anything useful, so went back for a Masters...............same outcome.........
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