Alright Sup Forums, give me a well thought out and concise solution to the student debt crisis

Alright Sup Forums, give me a well thought out and concise solution to the student debt crisis

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Stop buying student loans
Stop giving student loans
Make highschool education valuable; eliminate need for higher education.

I'm going to major Womyn Studies at Princeton for $52.000/year. What could possibly go wrong, eh?

Easy, don't go to school if you can't afford it and won't be getting a degree in a lucrative field. Consider trade school to learn a blue-collar skill like HVAC or plumbing.

>But I don't WANT to be a plumber! Blue collar people are like totally Republican and gross!

Too fucking bad. The world is still going to need tradesman. The old ones are retiring and all the automation in the world won't be able to install a water heater or vacuum out freon from AC lines. Bite the fucking bullet, crack open a cold High Life, and learn a trade.

>Go into the military.
>Go to school in a state like Ga where you're school is paid for if you maintain a certain GPA
>Get an apprenticeship for skilled work
>Do well enough in High School to get grants or scholarships
>Kill yourself

>74k Debt

Well i guess that art history Major will reduce that to nothing in a blink of an eye.

cantwakeup.jpg

The only reason the crisis exists is because people make poor choices. It is not the government's responsibility to protect people from their own bad decisions.

The government needs to stop providing aid. Also fuck these kids

>tfw you got paid to go to community college after all the grants you received
>Tfw you went to state uni for free after grants

No one told these fucks to go to some expensive private university. They took the loans now they have to pay it back.

all young people should mass suicide

let it burn, market corrections is the free market cleaning up

Fix this bullshit.

Tax the rich into the ground, reinvest into education to make it free and there you go.

Well isn't your government the one handing out the most loans to them?
Why not only give it to people with usefull career choices.

No money for liberal arts crap.

How the fuck do you read this?

Broadly speaking there is one option only: a repudiation of the impossible debt. The question is how to get there.

We could keep business as usual and wind up dying en masse from the eventual deflationary collapse. This is what we seem to be on track to do.

We could return to a productive economy of the sort that allows a combination of production and inflationary forces to have us not just die in the face of the deflationary collapse. The powers that be have consistently demonstrated that they can't pull this off even if they might want to.

We could kick off the deflationary collapse first, undergo terrible suffering, but use the surprise advantage to take out the enemy forces so that we can bounce back before sustaining too much damage.

And more things other than that, too. I'm a personal fan of seizing the assets of the perpetrators and their families via war crimes tribunals, and using that to offset the deflationary forces while we get back to rebuilding without the parasitic effects of having to fight our way back.

youtube.com/watch?v=QPKKQnijnsM

First thing to do is accepting there is a massive problem and giving out further loans to people who clearly can't afford them.

Let banks that make bad decisions fail.
Full cancellation of cerrtain types of debt 25 years from 2008, then every fifty years.
Violently overhaul universities, get the Frankfurters out -- but get the Hillsdalers in. Not just bet it all on math because you don't understand poetry.

stop sending millenials to college for worthless degrees
prices go down
people that go get affordable real degrees
those who don't go to college become welders and garbage truck drivers and make good money
people that go to college actually invent things and make a difference, thats why they went to college
people destined to be garbage truck drivers don't invent things

You shouldn't worry so much. The debt crash this fall will delete all the debts, along with the economy.

Yup. And then Nationalize the Federal Reserve so that the interest payments go back into the public coffers instead of into the pockets of its private owners.

Niggers and Natives have the most money while the LGBTQA+ community is fairly poor

Create laws to ban student loans.

Privatize all education including high school.

Boom, your high school education is now cheap and very effective due to competition and your college education is that much more valuable.

People working for the service sector at most need only one year's worth of education, my solution for educating them cheaply would be national corporate syndicalism.

Oh. That's terrifying.
Not much you can do though.

The problem is stident loans aretaken by 18 yearolds who haveno credit history. Denying loans to no credit or bad credit people would mean no student loans ever would be given out.

>Tax the Rich
They leave the country for the DR or Ireland or Singapore or Hong Kong
>Invest in education
That will only add to the labor glut and does little to affect the modern issue of digital wealth concentration: a handful of people can reproduce goods with near infinitesimal cost.
>There you go
GTFO Berniebot

THEN HOW WILL THEY GET THEIR SHEKELS????? :^(

stop federally guaranteeing student loans

stop requiring everyone to get college education

Are you serious? I mean sure.

-highest per capita spending on students in the U.S.
-largest debt
-low marketability to jobs

>watdo.shinji

Easy. Redo the education system. Now here's where you checkem 40 years from now:

when I go and take over the education system, what I plan on doing is taking from two major philosophies:

>there is a certain amount of general education an intelligent individual must posess
>the end-game of our education system is to economically create skilled, professional workers capable of changing the world.

Thusly, I can see primary school years (ages 2 - 13, roughly, to mirror preschool through 8th grade), being about

>basic education (math, sci, eng, his)
>interest into a skilled position (like rocketry, weaponry, whatever they want to do)
>if it is of low overall intellect (as intelligence is defined as intellect + wisdom), then get them really into their field
>have them grow up doing what it is they want to do as a career, offering the easy ability to change on a whim until inertia takes over and they persist in a position

Then comes high school:

>give them more specific training into their position (such as I.T., get them certs, paid for by the U.S.)
>give them internships, mentors, and other support into their position
>land them a job

Assuming they need post-secondary still, that's no problem, they can do that AND work, as their taxes from their labor will pay (at least proportionally, if not make them profitable to the nation already) for it.

Thus, the cycle continues, and with low overhead, as administration positions will become worthless and automated as fast as possible, leaving only design and redesign needing more hands-on people.

But, to answer your immediate question, a market crash needs to happen after a boiling point is reached. Why? Because the U.S. relies on student loans to pay off incompetent/corrupt senators' poor/fraudulent choices.

It's actually very simple.

>what is completely missing the point

that is a problem but it has nothing to do with higher education costs stupid fucking socialist

go enjoy pajeet at the nhs

literally a doctor shortage and now pajeet and muhammad will care for you

toppest of the keks m8

Everything but that last one, yeah.
The problem is with guaranteed student loans, the colleges can charge exhorbant prices and the Government can cash in on interest rates. It's just a scam. Take away guaranteed loans, problem solved

Organize a special one-time national receivership of all pending student debt. The government assumes the loans and pays the lenders one half of the principal owed, with no interest. If necessary, simply print the money to do so. The government will then create repayment plans for each indebted student to gradually recoup this now much lower debt amount.

Of course, the student lending industry would not be able to survive something like that, so moving forwards, future private student loans will be banned, and a new non-profit government controlled entity will be established to manage future lending. This new entity would offer loans at an extremely low interest rate, calculated only to cover expected defaults, and its loans would have a considerably lower maximum dollar value than today's to prevent a repeat of the present crisis.

allow at least bankruptcy on all of it

and price controls on university tuitions

Don't go to college.

t. College graduate with $0 in student debt and a full ride for a masters degree.

If you ain't smart enough to get paid to go, or black or a woman, then don't go.

This desu.

Socialists are often just NEETS who bitch and had the poor fortune of being listened to.

>Average Student debt in the UK is £40,000
>Nobody is complaining (to this extent) because it forces people to get real degrees that can get them jobs and then pay off the debt
>America has even cheaper College
>Everyone is crying because they're entitled

Become a NEET.

Stop studying meme subjects. Problem solved.

Do as the pirate commands

You reign in the cost of the education itself using common sense measures. You define what courses given degrees entail and you prevent colleges from filling the programs with bloat general ed courses. Boom a minimum of 1 year of college debt has evaporated for every student.

You constantly seek to optimize and reduce costs at public colleges by making good use of technology like recording fucking lectures.

>allow bankruptcy

bad. that's not going to help anyone.

>price controls on university tuitions.

While the price ought to be proportionate in some way, you have no genuine idea how to do that, do you?

You can't artificially control tuition prices. That's what led to this bullshit.

What you need to do is make college compete for the post-secondary education market. Trade schools are low price and high payout comparatively because they have such low demand.

shouldn't be the name of the game.

1. stop promoting and eliminate shit degrees that will never grant employment in the field

literally one step. kids make awful choices and all think they're going to be some kind of SJW emperors, forever remembered authors, or globally revered artists. so they all take english/SJW studies/fine art degrees not realizing that they'll amount to a starbucks barista or mcdonald's "supervisor" raking in $13/h.

>America has even cheaper College
that only applies for in state tuition if you go out of state it is 4x more expensive

War

Daaas rite Germanbro, tell him.

How about the student refrain from taking on overbearing debt in the first place? It's not like the terms of their loan were unknown to them when they signed on the dotted line.

>watdo.shinji
okay I'd like to see this

>common sense measures

You. Out. Now. They already do define what the courses entail. You have no idea how the course system works, do you?

More reasonable, but this doesn't have to be the way things are.

Make college free again, just like Germany

Deport illegal and build wall.

And tell them to get a job.

Doesn't matter what should or ought to be; only matters what is and what to do to succeed.

My advice if you really can't afford: learn a trade, go to community college then transfer, take an extra year or two to complete and work on the weekends. There is no shame in not completing in 4 years, but I would definitely try to get valuable work experience if it takes you any longer.

The issue is the ease of which people can acquire money/debt to pay for college in the first place.

If, on average, most people were able to afford $1000 a semester for college, colleges would tailor their services and setup to cost about $1000 a semester on average. If then the Government started giving $1000 loans to people, then colleges will start costing $2000. People were able to afford $1000 before, now they can get an extra $1000, so it'll start costing more and more.

Then student loan programs start offering more money to cover the increased cost, so the cost of college goes up again. The more subsidies and easy loans there are available, the higher the price will go. Get rid of all that shit

>You have no idea how the course system works, do you?
"Well rounded education"

Even STEM degrees are getting raped. Paradoxically, it seems even harder to find gainful employment with such a degree.

Vote for Sanders

STEM shouldn't really include science. The only marketable science degree is a chemistry degree so it isn't really fair to include the others.

There is no 'crisis'. $30k of debt isn't enslavement, that's how much a fucking Honda Accord costs now. Drive a Craigslist shitbox for five years instead of buying a new car and boom, your education is paid off.

Anyone with $100k in student loans (who isn't studying to be a doctor) is a fucking child.

If you're paying six figures, it's not for the degree, it's to extend your carefree adolescence for another 4+ years while enjoying beautiful student facilities, cafeterias, dorms, fitness centers, stadiums, and picturesque grounds.

I have zero sympathy for any of these manchildren. Go to a reasonable school, earn a valuable degree, or learn a trade.

Or there's the whole GI Bill thing that millennials love to pretend doesn't exist. Free college plus $3000 a month tax free for living expenses. You literally get paid to get a degree.

Fuck I hate this worthless generation.

>The only marketable science degree is a chemistry degree
Geology? Marine Biology?

>marine biology
>marketable
The only thing you can do with that is teach the next generation of marine biologists.

I am fairly sure it's good to have a marine biologist on the payroll if you're in the fishing industry.

1) Living with parents through bachelors is the reason I have zero student loan debt. Now, I have a thick skin, but most people wouldn't be able to do it because of the stigma. If this is removed, there will be less student debt.
2) Bank will give you a loan to buy a house, but they won't give you a loan to buy hookers and blow. This is why major fields that do not produce skilled professionals fit to work positions of high demand should never be allowed to be taken on a student loan. This should only be covered by grants. Ironically, this is what burnouts want, except they are not ready to accept the fact that grants will not cover as many students as there are now. We don't need a random stupid bitch enrolling in gender studies unless she is paying for every single thing.
3) Whoever has student loans deserved everything that will come to them. Those that have obtained well paid jobs thanks to taking student loans will succeed because they had a plan and followed through. Those that have failed, will suffer.

Bernie Sanders

There is computer "science", which is the most overrated yet understaffed field in the world.

Can somebody help me come up with a plan for paying off my student debt? My current balance is $29,937.43

So far I've been paying $1000/month which would have it paid off my Jan 2019. But I don't want to pay this much anymore because it's not leaving much disposable income for me.

Thoughs? Suggestions?

Step 1. Kill self
Step 2. >

>If you're paying six figures, it's not for the degree, it's to extend your carefree adolescence for another 4+ years while enjoying beautiful student facilities, cafeterias, dorms, fitness centers, stadiums, and picturesque grounds.

I'll come out of graduate school with a Masters and PhD with $140-160K in debt. It's a fine trade for 7 or 8 years of research freedom.

>chemistry
>not physics
>implying

APR?
Salary?
Position?
Did you fuck up the rest of your life?

What do you even do with physics? Brag that you're kind of smart but not smart enough to not go into physics?

There's a few options
>Mandatory minimum ages for people to go to university except in special cases of brilliance that is higher than 18-19 so the student has had some time to save money and has a more mature outlook on line
>Make it mandatory that all state universities offer a cheaper package of schooling that doesn't include paying for on-campus student utilities (Gym, dorms, library access, fraternity programs, discounts on stadium games, etc.) and give the students the option of avoiding the classic "college experience" in leu of a bare-bones cost for the classes and degree and nothing more
>Partner with big businesses to make degrees in highly sought after fields cheaper in exchange for teaching students specific material those businesses would like their future employees to know on day one

Of course, people could just stop bankrupting themselves to get degrees they won't need.

Student loans should be only for subjects that are economically valuable to the nation, to have access students must achieve a high level of academic merit (much higher than is acceptable now.

Student loans should be to ensure a highly intelligent poor kid goes into an academically valuable subject and excels, not that every person gets higher education.

To be eligible for students under a government loan system a university must achieve and maintain a certain level of academic standard and maintain their fee levels below a set threshold. The number of non-loan, unrestricted fee positions they are allowed to offer is set at a ratio to the loan supported places they offer. They cannot increase one without increasing the other (so poor, smart kids have a chance of getting into the top-teir unis).

There is nothing wrong with government loans, but the system must be designed with the explicit intent of generating a return for the government/nation.

irl you become a computer programmer.

Tell people to stop taking out loans they don't need. Remove government from k-12 schooling so it's actually worth something.

>Student loans should be to ensure a highly intelligent poor kid goes into an academically valuable subject and excels
Burnouts unintentionally make a valid point that if a poor kid actually has high intelligence and merit, they should be given a grant, not a loan. The difference is they don't pay it back, because it is expected that this kid will indirectly benefit EVERYONE.

Student loans exist to allow people with average intelligence to obtain knowledge and skills that will benefit THEM.

The loan is split up into several loans. pastebin.com/rNz83J4L

I earn $4800/mo

Stop paying useless professors 6 figures.
if a sociology, history, communication etc fields max out at $40k, then that's what they make in teaching.

ww3

they need to stop normalizing college loans. They're predatory at this point. that's my only problem with student debt.

A real solution would involve figuring out how to deal with the students who are fucked with debt. But then again, we need to first abolish student loan guarantees before we save the other guys in debt.

>Smells like a good premise for a novel.

also this is after tax and 401k/health contributions. So net earnings

If supported by provider, group them. If you want to make lower payments, try to give minimal amount to the subsidized group, and pay off as much as you can to the unsubsidized group.
This is usually hidden.

Mandatory personal finance courses.

I make roughly $73,000 a year and payed my student loans off less than 6 years after graduating.

Student loans are the most brilliant tool of destruction ever created. Fags who study "arts" or get gender studies degrees will never get a good paying job and spend the rest of their pathetic and useless lives in perpetual slavery while useful people who get STEM fields degrees will have their loans paid off in roughly 5-10 years and enjoy lucrative paychecks...... In the end it all balances out.

pay debts.

It's pretty good then, if I were you I would keep paying 1k/month, but if you need to accumulate cash in the bank account for something like a car cash purchase or house down payment, you can keep that subsidized loan its entire 10 year planned life on minimal payments, it's not that bad.

>enslave college staff
>send them to the gulag if they refuse to perform well

>Don't guarantee student loans
>Government not allowed to subsidize any loans
>Bring back moderate-pay moderate-education work, like factory jobs

This means that less people have to go to college, which drastically unfucks the price of it to meet the lowered demand.

How do I pay for the trade school?

Thanks for the advice user. I'm definitely trying to pay off those unsubsidized loans as quickly as possible. It's just so demoralizing to use your hard-earned income to pay off something as immaterial as college tuition debt.

Pay for wall.

Grants are aid you welfare queen.

>>Bring back moderate-pay moderate-education work, like factory jobs

That means more unstable markets and lower standards of living. Do you hate the digital proletariat, user?

We can't bring factory jobs back. The world doesn't work that way anymore. Poor 3rd world build things and we buy them for cheap.

Then those loans should be subject to the same lending criteria as any other private loan.

If student loans are going to have special rules (government backed, cant be wiped away with a deceleration of bankruptcy, not subject to normal loan criteria) then they need to be restricted in other ways.

Grants are for genius level exceptional people(and should be driven by private donations anyway), loans are for the highly intelligent that would be too numerous to give grants to.

>The government needs to stop providing aid

>Grants
>Grants
>Grants

You mean affirmative action money you got for being a useless nignog.
P.S. Grants ARE government aid you ignorant fuck, you graduated from college and you didn't know that?...... let me guess you graduated with a degree in Gender studies?

You might lose your trips

>join muhreen incorporated
>travel the world getting paid for 2 years
>receive tuition assistance for remaining 3 years of contract
>also apply for Fafsa
>finish BA whIle still enlisted
>work experience of 5 years in military plus BA and speaking three languages makes a walk On candidate to federal law enforcement
>5 years of military counts towards retirement for federal law enforcement
>use GI bill to go to Utopia tech school
>drive a muscle car that I wrench on as a Hobby
>hot wife
>never paid a dime for fucking college
>total debt, $0.00

Top kek

I dunno where the fuck your income goes. 3800 after tax and loans isn't enough for you to deal with for three years?

Auto tech school* holy fuck autocorrect

>Socialism
Nice job welfare queen, do you feel accomplished?