Student Debt Crisis

[YouMadd?]

I'll gladly take my debt and current salary over no debt and $27/hour wage

nikkas better learn to start fukking wit they local community college...got my associates degree, no debt and am making $27 an hour...

These people talking about they 80k in debt @9% irp

Thats an L thats gonna last you for the rest of your life

 

[PrnzHakeem]

Wife was sitting on $240K as of last year, for med + business school. She rich and makes more than that a year so it was worth it. Pays like $3K a month. Hoping to knock it out completely in 10 years.

I'm have $2K left on mine, looking at her like

 

[richaveli83]

Unless you're a medical doctor or lawyer how can you get so much student loan debt?

 

[satam55]

nikkas better learn to start fukking wit they local community college...got my associates degree, no debt and am making $27 an hour...

These people talking about they 80k in debt @9% irp

Thats an L thats gonna last you for the rest of your life

What did you major in?

 

[MJ Truth]

I got about $16,000 left to pay. And didn't even finish the degree.

 

[ZEB WALTON]

Pshhh. U guys got off easy. I owe a lot. I aint paying them back fukk them. Ill do One of them plans eventually. Right now they askin for outrageous monthly payments. My masters fukked me but fukk it. Ill pay it back when i pay it back

Every now and then since my loan was sold off in small buts to banks i gets letters like

"Pay off ya 12k loan with 3k" cuz i aint giving them no money. I got rid og one loan like that saved like 9000. Fluck them

fukk my credit too

 

[Ghostface Trillah]

Eh. These 18 year olds have parents that are responsible for guiding them. Also there is A LOT of information available in regards to your return on investment for each major. People borrow the most money for a shytty degree and then are upset with the government. They failed to mention they were mediocre students who over borrowed and spent the rest. Balling out during refund check season instead of giving that shyt back.

Just because a degree costs money doesn't make mean you need to borrow money to pay for it. Just like you don't NEED to borrow money to buy anything else in life. We just choose to for convenience.

Yeah but you have a lot of people who don't have college educated parents so that's the blind leading the blind.

I'm not saying people can't avoid the college debt trap. I'm saying I don't expect a 18 year old to understand that college has become a ponzi scheme and figure out how to work around a system that's hustling by preying on their desire to be successful. There's grown folks that don't understand that

 

[Field Marshall Bradley]

You have 17 and 18 year olds who had to ask permission to go to the bathroom making lifelong decisions on taking out debt that effect the rest of their lives. Of course people aren't making adult decisions. A whole generation of kids were told go to college and everything will work itself out and most people get out of a school to find out that's not true and have to wing it.

While some are, a lot of people aren't going to college with a real plan......they're just going to school because that's what they were told to do.

This.... Its a reason why you're told to go straight to college and the military while in high school......

 

[BrehWyatt]

My biggest mistake was taking loans for a grad school education that I'm come to realize I didn't really NEED to have for any reason besides to check off a box in the "Preferred Qualifications" section of a job application. Had I just stuck by my bachelor's, I would have manageable debt. But a debt is only as manageable as your salary is.

If I could do it over ...

 

[Rawtid]

45k in the whole that will never be paid off

Why not?

 

[Rawtid]

My biggest mistake was taking loans for a grad school education that I'm come to realize I didn't really NEED to have for any reason besides to check off a box in the "Preferred Qualifications" section of a job application. Had I just stuck by my bachelor's, I would have manageable debt. But a debt is only as manageable as your salary is.

If I could do it over ...

Unless you're getting government assistance, your salary potential is unlimited. Just because the field you got your degree in supposedly isn't lucrative, doesn't mean you can't make money.

 

[letti cook]

when i started talking to people 50k and up in debt, i shut the fukk up about mine...im fukked up but some people just

 

[NoMoreWhiteWoman2020]

Im 122k in

But after 120 payments or 10 years they will all be forgiven so I want to max everything out

 

[mamba]

Wife was sitting on $240K as of last year, for med + business school. She rich and makes more than that a year so it was worth it. Pays like $3K a month. Hoping to knock it out completely in 10 years.

I'm have $2K left on mine, looking at her like

Good lawd, that's a lot of money.

Are you going to chip in on those payments once you're done paying off your loan?

 

[mamba]

when i started talking to people 50k and up in debt, i shut the fukk up about mine...im fukked up but some people just

Anything over $100k is crazy.