Thread 60688366

How is this ok? Higher education in this country is indentured servitude.
Once federal payments kick in I'll be paying the equivalent of a mortgage, on a loan that I can't go bankrupt on if things go south.
If I get laid off or injured I'm fucked
I'm sure theres people with even worse loans, this will surely crash the economy.

>>60688366 (OP)
you can't pay 600 dollars on a loan? why did you take out the loan then, einstein?

are you retarded? remove the liability. you're paying a lot more by not doing so.

ngmi

>Lend some barista-cuck $80,000 for an art degree
>$600 passive income for the rest of my life

How do I get into the student loan business?

>>60688366 (OP)
>6.something %
It’s not really that bad. Just pay more down per month and you’ll wipe it out an order of magnitude quicker.

>>60688366 (OP)
You know that you can literally study for free in other countries?

>>60688469
And do what with it? My field would need years of work to get an equivalency
Also jeets ruined this strategy with their fake degrees

>>60688398
Kek

>>60688366 (OP)
Why’d you sign and agree to it then
Thanks for playing dumbass

>>60688576
What other choice is there?

>>60688366 (OP)
Is that 80k your account or the amount you have left?

>>60688413
It’s a racket, so that’s why the government keeps goys out of the game

>>60688366 (OP)
>The average cost of in-state tuition alone is $9,750
How do you get 80k in debt in the first place?

>>60688366 (OP)
>Once federal payments kick in
When will this start again? Excited for everyone my age to start drowning in debt

>>60688976
If you want a degree in a medical field this is what its like

>>60688366 (OP)
Also this is usury straight up.
This is almost payday loan levels of not paying the principal

>>60688366 (OP)
i owe $152k in federal student loans. i'm on the SAVE repayment plan. i'm going to make a lump sum payment of $80k and the remaining $70k will be paid off in ~22 months.

after this i will have a moral imperative to destroy this jewnigger country that exists to hand out free PPP gibs to boomerniggers, billions to israel, billions to child rapist politicians, etc.

i plan on cheating on my taxes, abusing public services, and voting democrat.

>>60689171 (OP) #
>>60689266 #
Why isn't it going down bros....

It is arguably the largest predatory lending scheme in American history if not world history. It involves highly trusted institutions (schools, universities) colluding to convince gullible 15-17 year old children to accept lifetime debt slavery for degrees that are mostly worthless in the market. Through the state they rig it so that student loan debt isn't dischargeable through bankruptcy, making this possible (otherwise half of applicants would be denied, as they should be for their own safety since the risk analysis would grade terribly).

And now thanks to foreign outsourcing there's basically no corporate work left at all. 60% of past year American graduates are still jobless. You don't hate your state enough, you don't hate academic bureaucrats enough.

>>60688366 (OP)
Everyone has known student loans were a scam foe 20 years. At this point it is on you for walking into an obvious trap.

>>60688943
Just mcwage, its designed for people like you

>>60689269
>anyone in med crying about 600$ payments

Lol, lmao even

>>60688366 (OP)
college prices are an IQ test
agreeing to pay them means you failed

>>60689350
You don't have to pay back the student loans

>>60688413
>>60688975
It kind of is a racket in that most other unsecured debt you can just default on and declare bankruptcy and it tanks your credit score but you no longer owe it.

With student loan debt it's basically there forever even if you declare bankruptcy. You basically have to fall into a vat of acid and show you could never work again to get it discharged. Unless that happens the feds can basically slurp up every paycheck you ever get an slurp your bank account too

The kicker though is that a fuckload of borrowers are still in default so idk if I'd want to be able to lend to anyone

>>60691764
yeah assuming you live off the grid and don't receive a paycheck or have a bank account in your name for the rest of your life