Millenials Are A Trillion Dollars In Debt And Most Don't Even Own A Home

[Jhoon]

Student loan debt has doubled in a decade

That is an alarming sign

It’s subprime lending in academics.

 

[The M.I.C.]

What do you mean by "if"? That's a "when".

I like to give small and sardonic comments in regards to issues like these.

 

[Paisley Darts]

While I do think that the cost of college is ridiculous, the main problem I see is that parents are letting their kids make horrible decisions. I'm not letting my child go to college out of state and get the same education for 4x the price. I believe I read that the average in state tuition is $12k a year which is manageable... Especially when you think about the average car loan which is reported to be $500 a month, which is absurd. Overall, people are just financially illiterate. People don't understand how money works so they become a slave to it. Carry your ass to a community college, drive a low end car,join the military. You have to do what you can afford. Trying to impress strangers by living beyond your means is stupid and counterproductive to your happiness and peace of mind.

 

[Wild self]

While I do think that the cost of college is ridiculous, the main problem I see is that parents are letting their kids make horrible decisions. I'm not letting my child go to college out of state and get the same education for 4x the price. I believe I read that the average in state tuition is $12k a year which is manageable... Especially when you think about the average car loan which is reported to be $500 a month, which is absurd. Overall, people are just financially illiterate. People don't understand how money works so they become a slave to it. Carry your ass to a community college, drive a low end car,join the military. You have to do what you can afford. Trying to impress strangers by living beyond your means is stupid and counterproductive to your happiness and peace of mind.

Nah, even those means arent so cheap anymore. We got to lower tuition all over the board and go back it was before the Reagan Administration changed everything. Get the banks out of the administration of these institutions, and put government accountable for this mess. A college campus is not meant to have mini-malls and gentrification-like amenities where 90% of the students are broke.

 

[Guile]

While I do think that the cost of college is ridiculous, the main problem I see is that parents are letting their kids make horrible decisions. I'm not letting my child go to college out of state and get the same education for 4x the price. I believe I read that the average in state tuition is $12k a year which is manageable... Especially when you think about the average car loan which is reported to be $500 a month, which is absurd. Overall, people are just financially illiterate. People don't understand how money works so they become a slave to it. Carry your ass to a community college, drive a low end car,join the military. You have to do what you can afford. Trying to impress strangers by living beyond your means is stupid and counterproductive to your happiness and peace of mind.

I agree...but if you are thr first one in your family to go to college and don't have great advisement or have a game plan it's hard to avoid these pitfalls. And it's known black folk not at HBCU's get the worst advisement.

 

[BmoreGorilla]

I feel sorry for everybody in that 25-30 year old range right now. Y’all getting hit from every angle

 

[Jhoon]

While I do think that the cost of college is ridiculous, the main problem I see is that parents are letting their kids make horrible decisions. I'm not letting my child go to college out of state and get the same education for 4x the price. I believe I read that the average in state tuition is $12k a year which is manageable... Especially when you think about the average car loan which is reported to be $500 a month, which is absurd. Overall, people are just financially illiterate. People don't understand how money works so they become a slave to it. Carry your ass to a community college, drive a low end car,join the military. You have to do what you can afford. Trying to impress strangers by living beyond your means is stupid and counterproductive to your happiness and peace of mind.

What the $1.5 trillion does not account for is for parents taking out personal loans and second mortgages at crazy ass rates.

Why would a mother and father send their child to a La Salle or Holy Family University? I understand sending them to a Villanova. I can’t see why they would send them to a Saint Joes.

Parents are crazy.

 

[Jhoon]

I agree...but if you are thr first one in your family to go to college and don't have great advisement or have a game plan it's hard to avoid these pitfalls. And it's known black folk not at HBCU's get the worst advisement.

I remember being in high school and my counselor telling me to suck a dikk. I had a higher SAT score than the valedictorian. Fast forward to current timeline and schools do not have a counselor.

It almost makes me want to mentor.

 

[Red Shield]

I remember being in high school and my counselor telling me to suck a dikk. I had a higher SAT score than the valedictorian. Fast forward to current timeline and schools do not have a counselor.

It almost makes me want to mentor.

Don't even think my hs had a counselor now that you mention it

 

[™BlackPearl The Empress™]

You can’t discharge your student loan debt.

You can if the loan is private

 

[Sccit]

I like to give small and sardonic comments in regards to issues like these.

WTF HAPPENED 2 UR THREAD EXPOSIN THE TRANNY LOVER?

 

[Orange cream shake]

That premise isn’t true. You pay the insurance until you get to 20 percent equity.

Not for all loans buddy. I look at mortgage notes all day.

 

[Jhoon]

Don't even think my hs had a counselor now that you mention it

I told him I wanted to go to West Chester and he straight up told me, nah son. Go get a milk a cow diploma.

 

[Ol’Otis]

I feel sorry for everybody in that 25-30 year old range right now. Y’all getting hit from every angle

Tell me about it

 

[JoogJoint]

I feel sorry for everybody in that 25-30 year old range right now. Y’all getting hit from every angle

Sometimes I wonder how I even wake up everyday. It's that bad, breh.