Student loan borrowers skip payments: It's "an act of civil disobedience", 1 in 10 say they won't pay

return2ozma@lemmy.world to News@lemmy.world – 479 points –
Student loan borrowers skip payments: It's "an act of civil disobedience"
newsweek.com
150

You are viewing a single comment

Takes out loans for school

Expected to pay them back

Shocked Pikachu face

Has worked alongside colleges to artificially increase tuition costs to the benefit of both

Expects people to pay them for 90% of their adult life

Shocked pikachu face when people figure it out and are mad.

Wow you're telling me tuition has gone up over time? I'm fucking shocked.

When I started college 15 years ago tuition for me was $7,000 per year. When I finished 4 years later, it was $12,000 per year. Things going up is normal. Things costing almost double within a few years is not.

Not to mention the "solution" people commonly throw around that Americans should skip out on college altogether since student loan interest and tuition is so absurdly high. "Just go to trade school!"

Sure, let's see how well our country fairs in 20 years when we have an extreme shortage of doctors, engineers, researchers, lawyers, teachers, architects, nurses, chemists, pilots, psychologists, economists, social workers, etc.

The people who benefit from the unsastainably high tuition rates we have today will be dead by the time these consequences realize. We shouldn't sacrifice our way of life so a few greedy inhumans can gorge themselves on more money than they could ever spend.

Civil disobedience by not paying these loans back is far from enough. I say we make heads roll.

I'll take "moronic takes" for $500, Alex

How? How is taking a loan and then being shocked when you have to pay it back not itself moronic? You made the decision to take the loan and you chose what to study. Don't like computer science? Neither did I which is why I didn't study that, but those that did make bank. Study liberal arts and find it hard to find a well paying career? That's on you, not society. I was never the smoothest crayon in the shed, but even I knew this at 17.

Yeah yeah fuck the banks, I'm with you there, but this was a decision. No one was forced to take the loans. You gamble on your own future. My gamble was to not take the debt and let me tell you, that did NOT pay off in the end. A degree helps you get way better paying jobs (that might not be your underwater basket weaving career you studied for) than not having a degree unless you're in a union or a well paying trade.

Hot take I'm sure, but this whole thing is one of the more absurd things to have gained traction... Yes I'm fucking bitter. I followed the rules, chose not to take a gamble on debt and I'm suffering for it while watching people get their debts paid off because they don't feel like paying for their education that does help them whether they accept that or not. Put my resume next to yours, everything identical except education and you're getting the job not me.

Edit: do I think all education should be free, YES! But this is not that argument. This is "I took a loan and now I don't want to pay."

I pay more taxes than you, by a long shot. I'm not bitter about people getting educated and trying to do something they like with the short time we all have on earth.

boo-fucking-hoo I'm getting punished because other people want to be educated for the sake of being learned 😭😭😭

Sheesh, siddown, clown.

What? That literally has nothing to do with this. I don't care about the taxes, I wish education was free for everyone paid by taxes. This is about people taking loans and then saying "nah fuck that I don't want to pay." and then acting indignant that they'd have to. That's absurd.

They locked them into those contracts when they were still 17 year old kids. That's illegal. Except they decided it wasnt. Those kids were told their entire lives that college would open doors to great paying jobs and employers would love to hire college grads over dumb folks with just lousy old high school diplomas. Just sign here kid, and you can get an English degree! Of course, those lenders made sure nobody explained how compounding interest works beforehand. Then they packed all those young people together at the hormonal apex of their sexual torment, with booze and drugs and no supervision, just to see how well they could study Tolstoy. And all it'll cost them is 150k. But of course there's the interest to consider.

Why yes, we're hiring! How does $20 an hour sound? Or perhaps you'd prefer this unpaid internship?

5 more...