I know several with significant student loan debt. Some complain and claim they can’t afford the repayment - yet are driving new (less than 3 years old) cars, live in pretty decent homes, and have the latest technology in their hands...
I also know similar debtors who have chosen the responsible path as millions of us have over the years - to scrimp, squeeze, and sacrifice to pay back our student loans.
The leech in that description - unemployed. And what effort is he making to become employed? It would appear - zero. He’s a leech. Period.
Just the look on his face almost screams Leech. And really happy about it.
Good times.
These little deadbeats make me ill. I left grad school $75k in debt. I was a public school teacher in Los Angeles, single, and I STILL managed to pay off that loan. I rode public transportation, I rented, I didn’t have a television, I limped along, and sometimes I had to put the loan in forbearance and watch the interest start accruing again, but eventually, I paid it off. It took me 14 years, but I paid it off. On a public school teacher’s salary in LA, I paid it off! With no help from family, no free car, no trust fund, no nothing. I hate these brats.
When my son graduated, he had about $30,000 in loans, about half were to us. He rented a house with several college buddies and they all got great jobs in their fields. Hie entire debt was paid off in just a few days over a year.
He still lives in that house although he can afford to buy it if he wanted. Living below your means is a great way to amass savings.
The plural of anecdote is not data.
$1.6 trillion. It's not getting repaid.
I paid off my student loans as an E-2 while in the USAF. It ain't hard if you want to do it.