The easiest way to make anything ridiculously expensive is to tell Congress to make it "affordable".
Wanna bet the democrap see to it that student loans are no longer on credit reports? It’s coming.
And bankruptcy doesn’t erase a student loan.
You can’t get a government job if you’re not paying your student loan.
Bidenomics at work.
Don’t wanna pay for the dance? Kill the piper.
Yet another sign civilization is crumbling.
There is a 1 year moratorium on reporting late payments for federal student loans. In other words only interest is added.
Bad personal decisions usually have consequences.
The easiest way to make anything ridiculously expensive is to tell Congress to make it "affordable".
I made a lot of bad life decisions and financial decisions when I was young. These bad decisions made my life much more difficult. I didn’t really work beyond them until I had the right partner and was approaching middle age.
Today there are also those that have the wrong partner, path and financial decisions. The road to correcting these missteps is tough.
Universities used to be backwaters of commerce with professors and staff living somewhat austere lives. Now they are glamorous centers with people with big incomes and institutions of fabulous wealth.
The government added easy entrapping debt tools to how these places were financed for political gain — first for the universities and their staff and then for users. People used these loans to live a more affluent life while young.
When I was in school I worked as a custodian at a retail store for over 32 hours a week. My dad paid my state school tuition but I paid everything else.
Where is the culprit? Government.
Obviously, the retarded “younger” generations don’t think the time spent getting a “college diploma” wasn’t worth the time and money. Now they want somebody else pay for the money wasted on their little “spring break” journey. I guess they didn’t buy the crap their “perfesers” were selling. They’re dumber now than when they started.
Forgiveness is just another attempt to buy an election.
I guess those fancy overpriced college degrees are not worth the paper they are printed on if the recipients of them don't have the skills to land a decent enough job to pay off the loans to get them.
Starbucks can only pay so much for making frothy, sugared beverages.
Guess the non-college attending blue-collar workers and other tradesmen are going to have to cover them with their high wages, just like they are forced to cover everything else.
The government must stop backing Student loans. That’s the only solution.
The solution is right in front of our faces.
Universities and colleges got all the money the students borrowed in student loans. The schools sit on BILLIONS of dollars in endowments.
Seize the endowments and pay off the student loans. It can be done as restitution on the basis of fraud in massive federal, civil, class-action lawsuits.
The students received worthless degrees they cannot use to improve their income needed to pay back their student loans.
“Say goodbye to your credit rating and any hope of financing purchases like a car or house.”
The weaponized DOJ and SEC will persuade banks it is in their best interest to simply Ignore student loan defaults and not report the defaulters to the credit agencies.
A new R Congress/Senate/Trump47 need to legislate existing student debt-holders are free to sue those colleges where they graduated in federal court. If their degrees aren’t marketable after school, the product offered was intentionally deficient, and the schools is responsible for continued cost-free retraining or refund of fees paid, with interest. State colleges will not be immune from these actions.
Just echoing what others are saying. If they are not getting jobs to pay the loans on these degrees, then clearly the degree was not worth it. Get the message America! College is not what it used to be.
Hang the “BANKRUPT” albatross around their neck and make them unemployable.