Why can't students do the same?

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youtube.com/watch?v=59fv2zbS6pY
usnews.com/education/blogs/student-loan-ranger/2014/08/13/debunking-the-student-loan-bankruptcy-myth
en.wikipedia.org/wiki/Bankruptcy_Abuse_Prevention_and_Consumer_Protection_Act
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Because a student doesn't employ thousands of workers.

>take loan on future earningz
>complain you need to work hard to repay it

help me Sup Forums 18 here and student who needs money, like big time as I just kicked out by my step dad, willing to do anything tbqh, I'm a guy thought.

Because it's a subsidized loan. Students receive loans at extremely reduced interest rates because the government backs up the loan. So you can't just file for bankruptcy.

I want to start a company whose business model is poisoning 300,000 people. Sounds profitable imo

youtube.com/watch?v=59fv2zbS6pY

Student loan debt is not dischargeable in most circumstances in the US because this would be massively abused. Take out six figure of student debt to get a degree in underwater LGBTQ studies, immediately file bankruptcy upon college graduation when their are no assets to be seized during bankruptcy. Nobody would provide student loans if this was the case.

Can I just walk into the nearest fast food and get hired? (london)

I'm literally homeless, my parents are gonna disown me and all I have is my phone and clothes on me and a rucksack with some spares, as well as £20 on debit card and £40 of zip card.

I'm spending the fucking night on night buses here

bump

I'm in full support of discharging student debt in bankruptcy on the condition that we end the student loan program entirely. It's done nothing except inflate the cost of higher education.

A company =/= A person

Companies aren't mythical creatures you stupid fuck. They're people.

>go to school for the rest of your life
>master in everything
>rack up 100 of thousands in debt on loans
>never get a job
>file bankruptcy

No free degrees, homeboy.
I think you shouldn't be able to start your next year until the previous year has been paid off.

It's extremely difficult to get into the tobacco industry.

LIMITED
LIABILITY
CORPORATION

>Pick dumb subject to study
>cant find job
>cant pay back loan because of stupidity

>company that does bad shit goes bankrupt
>still needs to pay laid off employees last paycheck otherwise people can't afford rent/food/school/healthcare etc,
>files for bankruptcy - employees dont starve.

Fucking leftycunts

Said with trips. WE MUST OBEY. KEK WILLS IT.

In unrelated news:
usnews.com/education/blogs/student-loan-ranger/2014/08/13/debunking-the-student-loan-bankruptcy-myth

You can potentially get rid of student loan debt in bankruptcy, but not just because it's convenient.

obama cut a deal with the kikes.

no bankruptcy for student loans in exchange for them giving them out like candy.

Because in the 60's, some students discovered that when you have nothing but a degree, it was really easy to file for bankruptcy and keep that degree. The government promptly jumped in and regulated that.

Because poisoning the water supply is still better for society then producing a bunch of leftist cucks with Women's Studies degrees.

really makes you think about that one supreme Court ruling that ruled corporations are people.

Which is why they shouldn't be government backed in the first place. Not only has this created a bunch of debt that is never going to get paid back, created a new generation of debt surfs, but it has also done what most consumer end subsidies do: Driven the cost of a college degree through the roof.

If lenders had to risk that they'd get the shaft if people started defaulting, they'd pay a helluva lot more attention to who they are lending to and what field they were going into.

There are plenty of colleges they could attend with $5000 or less tuition costs. If they want to go for some college they cannot realistically afford, that is entirely on them.

I don't get it, why make everything so complicated
Why not just make university education free? What prupose do student loans even serve if most people aren't going to pay back their loans anyway?

why not go the socialist hellhole way?

Because the King Nigger you people voted for nationalized it.

who cares liberal leaf faggot

you have no friend where you could stay over night?

Collateral

Because nobody would loan them money if that was the case.

We realized back when that if we allowed college students to declare bankruptcy and clear college debt that the first thing they would do upon leaving college is do just that. They are still young, just starting to make money, it would not hurt them that much in comparison to what losing the debt would give them. It would just be the smart move for most of them.

Thus, nobody would loan them money because the writing on the wall is just too clear (in too many cases).

In order for anybody to be loaned money for college all college students must be made to pay back all debt.

That is the reason.

>defending large companies
>liberal

you didn't think through that want did you burger bro?

they all moved out of london to their campuses

a few are neets with shitty family situation too which im sure wouldnt accept me for the night

i think i might cancel my uni course now, i have nothing and its too late for campus

never been in this kind of situation before and it hasnt really set in yet

>they all moved out of london to their campuses
ah well campuses are very rare here. Whata about relatives. You have to think about roof over your head so you can apply for jobs/apprenticeships/uni

Shit bro, hang tough. If you were in ohio I'd let you crash here. Recently got off the streets myself.

Pro tips, keep your phone charged. It is your life line, your way to check internet for jobs and recieve calls for interviews/odd jobs.

Craigslist. Learn to use it. You missed the peak month of July but at the end of months, walk around apartment neighborhoods to check dumpsters from people moving out. Claim anything you can sell in a day, post it online for dirt cheap, make 100% profit. Do this only by day, you're already competing with semi-professional pickers and resellers who have pickups and crews but they'll muscle you out after nightfall.
Labor is always in demand, moving help pays well for short hours and makes ideal weekend part-time work.
Boredom is your greatest enemy and most expensive if you let it be. Its time to become an artist, notebooks and pens are cheap and doodling helps pass the time, doesn't cost phone battery, and improves the mood.
Travel light and keep yourself presentable. Make a note of a laundromat and use it. If you look like a normal person, police don't bother you. Get a cloth and a razor and you can stretch the blades out if you shave every couple days. Use public bathrooms in nice parks in early hours, cloth bath in the sink and change in a stall. Never undress where you can get someone calling public indecency on you.
Currently the weather is warm so if you have a safe place to sleep you should be alright. If you can climb trees, finding a dense brush patch and getting through somewhere no one goes, climb up just out of sight and you can sleep decently without too many bugs. Short naps in bookstores, hotel lobbies, public libraries are good too.

Public libraries are key to your survival as well now, safety, warmth/ac, bathrooms, internet, place to charge phone, and fight boredom for free. Get your library card asap.

As for food, best you can do is check the /fit/ wiki and use public park grills for cooking.

none. step dad was for real when he kicked me out and mom didn't even protest about disowning me (i don't even know the fucking reason yet, i never really bothered them at home and did all my shit and got average grades and uni)

im sitting on top of a tree branch right now in a local forest/park

thanks man you dont how encouraging and actually stabilizing it is to read this.

my phones a nokia windows phone so the batter is ok (about 80%) and ive unlimited data, calls text for this month (parents will prob cancel contract afterwards) got a charger too

got a library around my local area so will use that to browse internet for free (2 hours a day) and charge phone, as well as read

also my zip card is good for a whole 2 years for free bus travel so i guess thats transport sorted

might apply for lifeguard role in local virgin gym here since i got the training and you get free gym and showers with that cheap soap (min wage though)

this is gonna be an experience but again thanks for the tips

anglo saxon parents are ruthless

Or you know, get paid to study abroad. Britain ain't of the EU yet.

>help me Sup Forums 18 here and student who needs money, like big time as I just kicked out by my step dad, willing to do anything tbqh, I'm a guy thought.
Well, you could sell your kidney for $30k if you are desperate, you got another one afterall...

Or you could become a male prostitute, whatever sounds better for you.

Fun fact: you could kill yourself and you wouldn't have to pay.

this
I could always move back in with my larents and live there for as long as I want tbqh
In fact I have done so multiple times in my life

>I want to start a company whose business model is poisoning 300,000 people. Sounds profitable imo
Good luck, the currently existing companies will totally not have you suicided for being competition...

>im sitting on top of a tree branch right now in a local forest/park

Do all Anglos hate their children? I don't think it was ever like this, historically speaking.

Well, you really are fucked aren't you?

You could give up on college education and go do a dead end job for money, life will be hard but it is still better than being homeless.

Go do some grunt work on a cargo ship or something, it is a dangerous, unrewarding job, but it will give you enough money to not starve, as well as saving you from being a homeless squatter.

I'm sure they can. The question is: do the benefits outweigh the costs?

or you could enlist
I heard the navy can be comfy if you like dick

im not even going to put this out of the question if my lifeguarding attempt goes to shit

i have good looks and some feminine features on my face so i guess it wouldnt be a problem

ive never heard of this, all i know is that here its £45k dept when your finished (england only)

might try this as well

teach engrish in Japan or China. If you're lucky you might get kidnapped by the Koreans and become Kim Jong's tutor.

Also, wtf is wrong w/ your mom to put up with that shit.

You need to call the cops on your step-dad, he's pprobably beating her.

If I can ask, what employable skills do you have? If none, do you plan on on pursuing any once gainfully employed?

Stay safe, my dude.

Evidently the Clintons had a hand in making it so college loans can't be filed away in a bankruptcy.

of course you would ask for the students to also get the loan erased and not for the companies to be stopped from collectivizing the costs

>why can't students do the same
should uneducated poor people really be forced to pay for liberal art studies? don't they have it tough enough already? what is your plan on financing the college

Well, a bank won't just extend a student a loan that will put them in bankruptcy. It's a pretty easy difference to understand.

keith vaz was paying £150 plus cocaine, get yourself down soho buy a vape and fuck men.

because kikes

pol is always right
if there is something fucked up or a judge lets so and so off with a slap on the wrist for murder
kikes

read some books

>en.wikipedia.org/wiki/Bankruptcy_Abuse_Prevention_and_Consumer_Protection_Act
bush signed it in 2005

is there a local agency that can pick me up or something?

i dont know chinese or korean but i know russian (parents were russian)

family is really apathetic never really had warm or even loving relations

calling police wont do much, mom left dad in the first place because he used to beat her and rape (didnt even know what that was at time i saw it)

havnt seen any bruises on her from step dad but he never really liked me and I guess since im 18 he finally wants get rid of me, that the best explanation i can come up with

ive got a lifeguard certificate, worked part time at charity fundraiser for a bit, average a levels a* a b c

i dont know what i will pursue, anything that gets me money would be best, big money

i dont care what i have to do, i will do shittiest job for now just to eat (have a pack of cashew nuts for food right now)

This.

Most non-recourse debt is issued for capital assets that the lender can at least realize on in the case of bankruptcy, houses, cars, etc.

These recourse loans are issued against future earnings and if a simple declaration of bankruptcy is all that's required to get out from it, you would have en masse bankruptcies with the lenders basically getting fucked for paying for your 4-year (most likely) liberal arts degree. Compared to other loans made against operations with de minimus assets, the interest rates are extremely competitive.

>might apply for lifeguard role in local virgin gym here since i got the training and you get free gym and showers with that cheap soap (min wage though)

Are you seriously making a complaint about the wages of this job and your jobless and homeless!

This is why this generation is fucked.

A company going bankrupt and a person going bankrupt or two different things.

This is like saying "why isn't bike theft treated as seriously as car theft?"

this. From what I hear about the american education system, the by far smartest choice for getting adegree is to just come to europe for 5 years and get a degree for 2000$ a year.

I just don't know if £5.30/hr is enough to not be homeless since i never got taught this shit but i will still gladly do it

>Students receive loans at extremely reduced interest rates because the government backs up the loan.
This is false, the "extremely reduced rates" are not reduced at all, its 3.2% while "subsidized" and otherwise its 6.8% which is fucking awful.

The subsidized bit is so that while your going to school the debt interest isn't incurring. Otherwise, non-subsidized loans compound while you're going and not paying on it.

The interest rates are extremely high, practically scamming in a way

im willing but i dont how to approach this. im not naive enough to just blindly offer myself and end in a ditch aftewards or something

Because if the student doesn't want to understand that they are wasting their money then their debt is their own fault.

>you didn't think through that want did you

They don't think it be like it is, but it do.

I just don't know if £5.30/hr is enough to not be homeless since i never got taught this shit but i will still gladly do it.

>i never got taught this shit

£5.30 an hour isn't enough for you to have somewhere warm to spend the day and get soap and showers. I know it's going to be getting cold there soon so I would snap that job if it's available.

you might want to enlist and apply to your intelligence services. try both.

there's also the french foreign legion, and the russian foreign legion.

become a jew and join the IDF

you can get skills and maybe college out of some military service.

get fucked goy slave. Do you know it's litteraly impossible to find a roof in london with that wage?

I honestly hope you find yourself in this situation you basement dwelling fuckwit.

Well largely if you want to get an education especially at 4 year colleges, loans are pretty much required since the initial cost of entry is so stupidly high. Basically if you don't have several thousand dollars up front to attend the first day, you can't go. So instead of a college acting like a restaurant and billing you later themselves, the requirement is pretty much outsourced to private financial institutions that are subsidized by the government.

Only the dirtest of poor, single mother, welfare kids get a full ride to college

Hijack a refos floating tyre and wash up on the shores of Aus. Come to my place and I will pay you in various nutritious beans for oral pleasure as I browse Sup Forums.

I honestly recommend you to join the army. You know russian so it's a big plus for you, and it allows you to save up a couple of thousand pounds.

ill try both

i think i could scrape by with 5.30 if i can rent a room for 100 a week

thats if i get the job

seriously man, just join the military before you get into trouble.

room/board and will give you direction.

simultaniously apply to your intel services. show interest in intel. in military.

life on streets can get you into trouble and a record that will follow you or years.

Working on a cargo ship generally requires a seamanship training course. If he enlists he'll get it for free, or go merchant marine, but otherwise not realistic for him right now. He's got in-city transport for now which is a pretty strong leg up for homeless guys as it opens more jobs in a dense area and even though is public transport you really do have nothing but time on your hands when homeless.

I recommend tomorrow going to the library and making/printing a resume. Use your parents address for the time being, nothing of immense importance will be mailed there anyways and you need it for the time being and they don't have the power to legally strike your records of being there if they even think to so it'll pass a background check.

Apply for immediate hire, assembly, warehouse, data entry joba in whatever you find in your two hours. Then prowl the neighborhood for jobs. If there are panera cafes or some equivalent then they probably have open positions since summer temp students have all gone back to school. Warehouses will need pickers in the same trend. A job agency can help you get an entry level labor job, though they do take a cut of your pay but some pay when homeless is better than none.

Anyways, if you find steady employment full-time, look to add part-time on it at another location. I worked mornings in a warehouse and nights in an assembly plant and slept during the afternoon in relatively broad, safe daylight. Then with that steady income I had enough after a month to get a nice enough apartment and rebuild from there.

You just need to understand you can't have standards right now. The longer you spend homeless the harder it becomes to get out. Get moving, do it by any means necessary by the end of October because winter is hard.

Also a job means a place that you're out of the weather and have social interaction for hours, fight boredom through even labor which is superior to doing nothing and anxiety, and you can charge your phone.

Oh yeah, and get in touch with your religious side. Nothing better to do on Sunday? Go to church, preferably a small one. Social activity, something to do, free food at some of them, and people might take pity and help you out. I regularly go to an Anglican place here because they seriously helped me out in my time of need. Megachurches are scams full of disconnected people. Look for small churches with local congregations who'd pick up on newcomers showing up who no one else knows. The gossip will eventually cause someone to approach you. These people know their areas better than you do and have networks, someone might know someone who needs a bit of paid help. The minister might have a cot in a closet somewhere for you to stay a night when in need and are generally educated on church programs to help people out of bad situations.

If you don't have anything else to do, find something to volunteer at. Add to experience, contacts, and someone might approach with a chance.

Good luck.

>"OVERBURDENED BY FREE MONEY"

church works different in the yuro dominions lad
there are no megachurches here and pretty much every church has a priest that will help you out with almost anything
but there are no real communities built around churches anymore. It's just old people

thank you i will weigh my options tomorrow in library and try to get a path going asap

thanks to everyone else who gave advice too, i dont know if this is sad but this board has actually been closer to me than family

going to night bus now wont blog/attention whore anymore

Old people who make food and need help moving things and will gossip to their rotary clubs and kids about a good church-going boy who needs a job. Be polite and try everything, it costs you nothing but breath and time which are things he now has in abundance.

Smart fucks in the 60s abused bankruptcy to go to medical school without debt.

The UK is going to raise minimum wage to £7.20 soon and then up to around £9 or so in the next few years.

Just wait until then to get a job and you'll be much richer!

Free education won't work in the US, because here there is no "weeding out" of retards, like in Europe/ex-USSR.
Every retard thinks he deserves to graduate.