wtf is wrong with millenials?

>>60585826 (OP)
So have people not been paying off their loans since COVID? Did the interest accrue? What percentage is the government loans everyone got?

Good, convincing someone who isn't even an adult yet that taking tens or hundreds of thousands of dollars to go to college is usury and should be punishable by death

>>60585826 (OP)
People have been told 1000 times not to go for degrees unless they're in Computer Science, Engineering, Finance / Accounting, Law or Medicine. A problem however is a bunch of shills keep saying how any degree makes you more likely to earn more ON AVERAGE in your life time, ignoring how that statement is a generalized statement that isn't factoring in how the lucrative fields are bringing the average up...

>>60585826 (OP)
look, if i'm gonna have to choose between paying off my student loans and getting vidya I'm going to buy avocado on toast

>>60585925
Based. I find it immensely retarded how one can supposedly not make the decision to have a beer, but can take 10s of thousands in loans with high interest rates. Unreal.

>>60585946
They're also allowed to go die protecting Jews from the consequences of their own actions in the army before they're allowed to buy stocks. Silly world we live in

>>60585949
I am Jewish.

>>60585826 (OP)
Good don't pay them even 1 penny

>>60585925
Oy vey goyim, this is very antisemetic

>>60585925

>>60585826 (OP)
>wtf is wrong with millenials?
they got scammed

>>60585826 (OP)
Meanwhile I'm almost down to my last $10k and will have it paid off by next summer. The sooner I accepted I wanted to be financially free the sooner I could pay it off. Save, save, save. Once I pay it off I'm just gonna keep that payment and add it into my mortgage payment. I'll have my house paid off in the next decade. I'll never buy a new car or stupid shit I don't need

>>60585925
>be 18
>legal adult
Alternatively
>have parent as a guarantor to take responsibility

You made a contract, youre liable.

>>60586026

>>60585826 (OP)
these loans are dogshit. imagine making thousands of dollars a month to have it all get cancelled out because you have to pay a loan off.
>philosophy degree haver
this is self imposed, want to pay them off ASAP
30K down to 20K in a quarter of a year.

>>60586033
The thing is people are paying 2-3x+ the amount of the original loan. These loans should be interest free if they're federal loans

>>60586038
totally.
it's a matter of defense to have an educated populace.
did ANYONE do the math?

Why don't mutts just immediately default on their student loans after completing their studies anyway? Assuming that they began tertiary education straight after high school, by the time they need a mortgage (I'm thinking in their late 20s to early 30s) their credit history would've been reset already, no?

>>60586018
They did this to themselves. Nobody held a gun to their heads and forced them to sign the loan contract.

>>60586038
>if they're federal loans
I had thought Americans had to find their own privately-owned student loan lender but I guess not.
>6.53%
The absolute state of the land of the free, fucking hell.

>>60586053
Student loans isn't covered in bankruptcy. Only death gets you out of then so if you default you are double fucked, higher interest, wages garnished, and will even send swat to come kick in your door and arrest you

>>60586026
>>60586056
They did however get manipulated hard by the media and even "guidance" counselors in school saying they NEEDED college to be successful without going into detail about what degrees had what unemployment rates, what degrees have the best shots of employment with a wage that actually makes the college grind worth a damn, etc. Even my own mother told me "as long as you finish something, that's better than nothing." despite me explaining over and over how it's only worth it if you go into a specific field. See >>60585938

>>60586026
>offer loans to jobless, careerless young adults
>young adult doesn't get high-paying job instantly
>can't use bankruptcy to remove student loans
Gee, I wonder who could have come up with this scheme to loan out infinite amounts of money and make an entire generation indebted to them?

>>60586113
>you will be nothing without a tertiary education
yep. starting in primary school all the way through

>>60586138

>>60586113
>I wasn't spoon fed the answer I wanted so it isn't my faaaault

>>60586062
The 6.53% is also misleading. Many of those advertise that "you don't have to pay a cent on your loan until AFTER you graduate!"
Except, the way that scheme works, is they still accrue the interest, but they just add it in as a principle balance. If you pull out a loan for $10,000 in your freshman year at 6.53%, your loan balance is:
>Initial balance: $10,000
>Beginning year 2: $10,653.00
>Beginning year 3: 11,348.64
>Beginning year 4: 12,089.71
Final principle balance after graduation: $12,879.17

They hide all of that bullshit deep in the terms & conditions and just advertise it to students as free money while they are in school, when it actually makes their tuition much more expensive.

>>60585925
>who isn't even an adult yet
Agreed, we should also raise the age of consent and the age to vote while we're at it because these children's brains aren't capable of complex thought yet.
I think 30 is a good age.

>>60586155
Fortunately I didn't get fucked as hard and make decent money now. Does mean this shit isn't a de facto predatory racket.

>>60586242
>adulting is haaaard

>>60585925
cool it with the antisemitism

>>60585826 (OP)
>millenials
how fucking old are you
Millennials are aged like 29-44 now

>>60585925
im so glad that fried cactus looking mother fucker from the money masters documentary reached me before I ever had to make that decision. being a redpilled teenager has its perks.

>>60585826 (OP)
Interesting of you to blame it on them

ive only had to make like 3 payments since 2015...no interest accruing either. might get my employer to pay for my masters and defer even more before they start back up. if shit gets bad enough, ill just yolo all my money on hookers and drugs and die without paying back a dime

>>60585938
this is going to change radically over the next 5-10 years due to AI

>>60585925
Same said 18 year old can: join the military, vote, buy a house, start a business, get married, start a family.

But you draw the line at taking out a loan? I don't know if you know this but there's a 2 hour module you have to complete with the loan provider explain that this money will get payed back. These kids are in school until they're 22-23. Some even longer for post-graduate. You're essentially making the case they these young adults should be able to do none of the above simply because they don't want to pay the loan back. In the case of private loans these kids often require parental consent to cosign with them.

The idea that student loans are predatory is purely based on the zoomer's refusal to take accountability for their actions.

me being a retard in high school turned out to be the best financial decision I made in my life

>>60586074
>>60586158
How is the US even a real country wtf

>>60585826 (OP)
We're just wise to the system. Why should you pay back into a system that is slowly imploding?

>>60586158
they also shove these papers in your face in the middle of a fun weekend like you're choosing which class to take and which dorm you want to live in sandwiched in between partying
and every anon who bitches about "worthless degrees", STEM degrees like mech, chem, compsci etc engineering degrees have been losing value for 20 years in the face of infinite poojeets

knowledge and networking is power, tho

>>60586026
I took out loans at 16 and nobody was a guarantor.
>>60585890
My due date has been pushed out 3 years so far because of the Trump lawsuits. I owe $22k at 4.5%

>>60586692
GED and debt free. I am retarded though and struggle with basic adult conversation.

>>60586032
The loan providers originally would not give out these loans until the government offered to buy them out when things went bad

It's on the taxpayers now

>>60586671
>Same said 18 year old can: join the military, vote, buy a house, start a business, get married, start a family.
And they also can't drink!
There's a lot of shit that doesn't make sense, but one of the greatest tragedies is letting money lenders pray upon your young people, 'adult' or not. Any argument otherwise will not be heard.

>>60587811
So you're saying the young adults signing those loans shouldn't be held responsible for them because they were sober at the time?

>>60586671
The loans should be made null and void because the borrowers were not made aware that the government intended to import millions of shitskins to undercut them in the jobs market.

>>60588054
DEATH TO JEWS
TKD

>>60586113
I knew someone who was told they would kicked out of the house if they didn't go to college. So the option was debt or homelessness and loss of family. Imagine what the average person, especially at 19, is gonna pick.

Frankly I can make more in a covered call index fund then pay anything over my minimum

>>60588710
Or getting a job and leaving home on your own. But that "getting a job" bit is always the real sticking point isn't it? What kind of retard do you have to be to think going into a lifetime of debt is better than just getting a normal job like a normal adult?

>>60585938
how the fuck does geology command such a high salary?

>uh yeah thats a rock, that'll be 75k per year thank you

>>60588755
Every single work requires a ground survey nowadays. Roads, buildings, mineral extraction etc. Even if it's an existing structure where a survey was previously done, if they need to modify it like resurface/widen a road, a new thorough survey needs to be done. It's just another example of a job that is only profitable because of draconian legislation.
Sure, if you're building a new bridge of course you need to survey the ground, but I've seen some ridiculous cases for example a small road near me was going to be resurfaced at a slightly deeper slope to allow more headroom under a bridge for trucks to be able to drive past it instead of taking the usual detour that was clogging up a separate road. There were no changes done to the bridge structure and it was only a couple feet difference but the whole ground around it had to be surveyed and it took months and I bet some geology graduate faggot got paid a fortune to do it.

>>60585826 (OP)
debt isnt even real who gives a shit. thanks for the free education now watch as i ignore your phone calls and letters for a few years.

>>60588773
I know survey guys and they aren't geologists

>>60588755
Oil, rare earth metals/minerals, precious metals. Mining is huge business. If Shell can send you some place to get more Jesus juice out that's worth buckaroos