The students took out the loans, but government, HR-managerial policiers, admin-dominated education institutions, and financialization-industry grifterscreated the conditions and corralled the children into the trap.
Let these college drop-ins declare bankruptcy, forfeiting their worthless degrees (they can keep the worthless ‘knowledge’), and make the colleges reimburse 20-40% of the outstanding debt on the loan as a penalty for failing society with their institutional scam.
The government should have never started this perverse incentive feedback loop in the first place — now its time to limit the damage to all parties, in a way that propels them to negotiate the real value of the ‘asset’ (which is probably around 10-20%).
Having a whole generation in endless debt to bankers AND indoctrinated by Marxism, feminism, and neoliberalism, all because the government allowed Universities and financiers to run a ‘risk-free’ grift? That’s the worst outcome possible.
RE-INTRODUCE THE INVESTMENT RISK AND THE SYSTEM CAN SELF-CORRECT.
Being out of student debt can happen, but it's expensive, and often they only discharge some of the debt, and Congress hasn't made it easy to get it done, because they want those payments and interest coming in for their banking buddies.
The problem is none of the idiots who signed up for the no-credit-check student loans for tens of thousands of dollars sat down and worked out what their monthly payment would be after graduation, and their income prospects. A generic studies degree doesn't offer much in the way of salary - and these morons also think that they should get a $200k a year job with a gender studies degree, and be able to have car loans and mortages and student loan payments and still have money to waste on clothes, restaurants, traveling, and everything else they throw money at.
So the graduate, get their barista jobs, and are suddenly outraged about the debt they signed up for? Fuck BKing out of it. I think BK judges should wipe penalties and fees, and maybe restructure the debt, but they signed the contracts, they should honor it. If you buy a car not knowing if you can afford the payments, then you deserve the repossession. I don't see why student loans should be any different.
IIRC student loans, because they are backed by the government, are not discharged in a bankruptcy filing. Same with fines and fees imposed by the government, they won't allow them to be discharged due to banckruptcy.
Don't forget the parents. They all insisted their little darlings get degrees in feminism so they could brag about it. The pressure from parents today regarding college is insane, I've seen it. The idea of letting their kid start working a trade instead of a degree never crosses the mind, they literally think if Micheala or Troy don't go to college, they'll be homeless.
The parents want their little darling to earn a ‘professional’-level salary— rather than break themselves in the ‘trades’, join the military, or drift through life.
The parents’ first mistake is looking to the Universities and the university-grift industry for advice, and their second is adopting an “any degree is okay — just don’t drop out” attitude.
Both of which they can be someone forgiven for — it’s turtle scams all the way down.
I mean, if you're smart enough for an advanced degree in a real science that's reasonable. The problem is every parent is a narcissist that thinks their child is smart and perfect. Intelligence is genetic, if you and your wife are average (or dumb) then your kid will probably be as well. No shame in that, or being self aware.
Those little bitches took out the loans.
Those little bitches signed the loans.
Those little bitches partied with the money from the loans.
Those little bitches, just like all those before them, will pay back the loans.
These little bitches are also celebrating death of a man from cancer on reddit
A man from cancer or a cancer on Reddit? Hmm... Reddit is cancer. Don’t even miss it.
I think they mean Rush in this case
The students took out the loans, but government, HR-managerial policiers, admin-dominated education institutions, and financialization-industry grifters created the conditions and corralled the children into the trap.
Okay, take the L and move on in life. Don't make everyone else pay for it.
That’s what bankruptcy was designed for.
Let these college drop-ins declare bankruptcy, forfeiting their worthless degrees (they can keep the worthless ‘knowledge’), and make the colleges reimburse 20-40% of the outstanding debt on the loan as a penalty for failing society with their institutional scam.
The government should have never started this perverse incentive feedback loop in the first place — now its time to limit the damage to all parties, in a way that propels them to negotiate the real value of the ‘asset’ (which is probably around 10-20%).
Having a whole generation in endless debt to bankers AND indoctrinated by Marxism, feminism, and neoliberalism, all because the government allowed Universities and financiers to run a ‘risk-free’ grift? That’s the worst outcome possible.
RE-INTRODUCE THE INVESTMENT RISK AND THE SYSTEM CAN SELF-CORRECT.
This is the way.
Being out of student debt can happen, but it's expensive, and often they only discharge some of the debt, and Congress hasn't made it easy to get it done, because they want those payments and interest coming in for their banking buddies.
The problem is none of the idiots who signed up for the no-credit-check student loans for tens of thousands of dollars sat down and worked out what their monthly payment would be after graduation, and their income prospects. A generic studies degree doesn't offer much in the way of salary - and these morons also think that they should get a $200k a year job with a gender studies degree, and be able to have car loans and mortages and student loan payments and still have money to waste on clothes, restaurants, traveling, and everything else they throw money at.
So the graduate, get their barista jobs, and are suddenly outraged about the debt they signed up for? Fuck BKing out of it. I think BK judges should wipe penalties and fees, and maybe restructure the debt, but they signed the contracts, they should honor it. If you buy a car not knowing if you can afford the payments, then you deserve the repossession. I don't see why student loans should be any different.
IIRC student loans, because they are backed by the government, are not discharged in a bankruptcy filing. Same with fines and fees imposed by the government, they won't allow them to be discharged due to banckruptcy.
Fact check: True.
Don't forget the parents. They all insisted their little darlings get degrees in feminism so they could brag about it. The pressure from parents today regarding college is insane, I've seen it. The idea of letting their kid start working a trade instead of a degree never crosses the mind, they literally think if Micheala or Troy don't go to college, they'll be homeless.
The parents want their little darling to earn a ‘professional’-level salary— rather than break themselves in the ‘trades’, join the military, or drift through life.
The parents’ first mistake is looking to the Universities and the university-grift industry for advice, and their second is adopting an “any degree is okay — just don’t drop out” attitude.
Both of which they can be someone forgiven for — it’s turtle scams all the way down.
I mean, if you're smart enough for an advanced degree in a real science that's reasonable. The problem is every parent is a narcissist that thinks their child is smart and perfect. Intelligence is genetic, if you and your wife are average (or dumb) then your kid will probably be as well. No shame in that, or being self aware.