How the fuck do we fix the situation with student loan debt?

How the fuck do we fix the situation with student loan debt?

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Don't take out a loan you can't pay.

Pretty easy famalam

Gas all Bernie supporters.
No more people, no more problems.

This.

It is your moral duty to end your life if you have no use to society

You live in a country where university is free, shut the fuck up you socialist. Even more more ironic, bernie wanted to be just like you.

BY KILLING USELESS PPL AND SELL HES ORGANS FOR THE PROFFIT OF PEOPLE!

and where are average people supposed to learn about finance? college?

oh...

Jesus these stupid fucks.

You promote trade schools as an alternative in high school. The college industry will take a hit though. Maybe have the colleges open up more two year training things. Electricians and plumbers make decent money and a lot of these C students just don't belong in college.

Pay them. Mine are down to 15 grand total. They'll be paid off before I'm 30. Millennials are weak.

>You live in a country where university is free
If that's so what did I just pay €2500 euros for?

You Amerifats have no idea how things really are over here in Europe.

>Move to a better country

So then what? You realize most of the people taking out student loans are middle class right? Plus the whole
>don't take out a loan you can't pay
Thing doesn't workout when you have no accurate depiction of your prospects upon graduation. That doesn't fix the underlying problem which is each new generation gets pushed more and more into higher ed and thus drives up tuition rates and thus increases the size of the loans that students must take out to graduate. You might say
>but user you don't need to go to school to live a good life
Yeah, well eat my dick you don't, higher ed. is still the best way the problem is that the regular blue collar work that didn't require post k-12 education has been drying up for the past fourty years and the low skill of that stuff is all taken up by illegals. Don't even get me started on the bullshit degrees from places like India and the visa workers.

2500 euros is two months of rent in american uni you dumb fuck

>trade schools

Still cost a fuck ton of money at least here and many of them are considered "colleges that only do trade courses"

The problem is there aren't trade jobs TO promote. I mean there are but all by forcing everyone into trades when in both cases the number of jobs has been in a decline only causes the same fucking problems except in trades instead of universities

Pushed by whom? This is the most blue pilled shit I ever heard in my life.

Somebody forced you to take out a loan? Someone held a gun to your head and made you sign?

If you can't think for yourself at age 17-18 you only have yourself to blame for your problems.

>Pushed by whom?
The will to live? To be able to sustain yourself and possibly, just POSSIBLY raise a family and own a house later in life?
>This is the most blue pilled shit I ever heard in my life.
Yeah, the shit spewing out of your mouth is pretty blue pilled.
>Somebody forced you to take out a loan? Someone held a gun to your head and made you sign?
Nice job 100% misrepresenting the argument at best and flat out ignoring it at worse

How do we deal with the issue of lack of jobs? Everyone wants to be paid more but cant accept that you either get lots of low paying jobs or a handful of higher paying jobs.

I have an idea lets elect someone who says they will pay our debts for us with our taxpayer dollars that's a good idea right?!

>mfw when I have no debt because I worked hard in high school
>mfw every nigger and spic can get a degree for free
>mfw every nigger and spic who does so still can't get jobs because degrees=/=jobs

Government endowment to public universities hasn't decreased that much since the days of paying tuition with your summer job, but enrollment, administration, and salary for administration gone up a ton. Force public universities to streamline their administrative frameworks and stop letting the higher-ups pay themselves so much.

You're a millennial, retard.

Get a job and pay it back. No bullshit forgiveness for teaching preschool to beanerinos in LA. No more "grants"

Go to school if you want. Get a job. Pay Debts. Happily live the rest of your life. Or just fuck off and get a job at publix if you don't want the loan. College isn't a human right.

don't ever get a (((loan)))

Maybe your house will be paid off before you die.

>If you can't figure out exactly what career you want for the next 40+ years at age 17 that's on you
k e k

It's a fucking acceptable fee, education takes 4 years so it's like 10k total.

It's not my fault that you idiots managed to make your education both complete shit as well as retardedly expensive.

You're a fucking moron man.
>all my friends took out a loan I will too
>college has to pay off they all said it would
>you have to go to college to have a job it's always worth the money

Little kid needs to grow up. Look you fucked up taking out loans and being an average-below average student user. Restart and so better next time

Don't send C students to university.

You don't have to go to college at that point. I knew what I wanted to do, and I consider myself lucky. I also took the time to actually find out for myself if it was really my dream. If you are still a bitch boy at 17 just don't take out a loan isn't that obvious?

/thread

Crowd funding.

> If yall pay off my student debt I'll actually do something with my degree!

fpbp

wtf I hate me now
I have a 75% ltv now after the refinance - my loan is 25% "paid off" - I suppose I could die in 10 years and you might be right.

honestly having more diverse HS curriculum would be better. they pressure you so hard to just go to college and uni without ever exposing you to much of anything

Again, you didn't even address half of my post. Go fuckyourself

There is an accurate depiction of your prospects upon graduation, simply look at the ones currently available, not much is going to change in 3-4 years.

The problem is that students don't they're just indoctrinated by the state school system which is literally the worst schooling system to ever exist, because it doesn't operate in a free market with competition, so there's no mechanism for improvement.

If you believe you need school to live a good life you're delusional. Loads of very successful people never went to uni or never completed their degree. I'm the IT Director for a global publishing business and I dropped out of uni after 2 years doing EE.

Success doesn't come from a piece of paper with a signiture on it, in the free market money and success comes from those that can provide the most value and those are the people with useful skillsets and who work hard. That's why there's people with degrees coming out of uni expecting the best job in the world and then working at McDonalds, because uni didn't give them any skills, only knowledge.

There's also loads of people echoing the same thing over and over, don't bother with a degree unless you're doing STEM, yet the stats show us that all the soft sciences are the ones getting the signups and there's no work in them fields.

The problem is that millenials are literally the most coddled generation to ever live on this planet and they've never had any kind of hardship at all, they don't know what it means to compete and lose because state schooling everyone is a winner, look at all this shit about removing winners and trophies from competition in schools.

When I hire people I never look at what qualifications they have, that tells me NOTHING about their work ethic and about how business minded they are, how hard they'll work. I'm a real Director in a real business who hires for offices all over the world, and degrees mean dick all to me, and I run a very successful IT dept.

This would probably be a mistake. Some of the best, most well-rounded professionals weren't great students.

Think about it. Other than the top, top tier (1-3%) who make the best students, or at least get the best grades? Women.

Can you imagine a world with only women doctors, engineers, & supply chain managers?

By paying them or earn enough money to pay for college without taking out a huge loan

I think we can all agree we don't want any women in any sort of position of power ever, period.

You could apply to a lower-tier college, not go to college at all or become a welder or something like that

>mfw I had to pay only 5.14 euros for my tuition fees.

Attend cheaper schools.

Let's say i'm american, and get an engineering degree. Let's say i'm 100k in debt.
Exactly, what prevents me from running to another country, get a job, and not paying them shit?

G.I. Bill nigga

Where are you going to get the money?

Rest In Piss millennial scum

don't buy a house you can't afford
don't have a kid you can't afford
don't go to a school you can't afford

See the pattern of responsibility?

don't be a nigger and expect society to pay for your bad choices

Nothing, it's a big problem here since kiwis are very pro emmigration culturally.
Basically our government is clueless on how to stop it, beyond importing chinks, which all the people who stay here hate

violent revolution and not in a faggot commie way

Deregulate higher education and let the market the sort it out.

I know a guy like you, are you from Delaware?

Even if your not I'll tell you the same shit I told him. Grow the fuck up, no one cares about your problems, if you didn't want to go into debt then you shouldn't have went to college.

>b-but I expected to get a job making 80k starting because I'm educated and special!
No your not, your a whiny faggot and apparently college was entirely pointless for you because you either got a degree in underwater basket weaving so no one gives a shit or there are no jobs around you anyway so you wasted your time and money.
And again, this was your responsibility to investigate beforehand, you don't see stock brokers crying on Sup Forums every time they invest into some stupid market and lose millions of dollars, that's because they do their research and understand the risks. You didn't do shit, you just did what all your friends did because you thought it would be fun and freedom and you wanted to move out of your parents house and have a good time for 4-5 years and it has completely fucked you over. Let me guess, you had to move right back home after all that shit was over didn't you? You had your 'freedom' and now your restraints have been doubled, now you live at home AND owe shitloads of money you can't pay back. I hope those 4-5 years were the best of your life, you will pay a heavy price for them.
And you deserve nothing less, I hope you enjoy all that debt, it will be a great lesson for your kids of how to not fuck up your life if god ever wills it that you should have any.

Make college less expensive, or get a fucking job while you're in college. One of these options is realistic, and the other isn't.

user I know your GPA isn't above a 3.5 and you're bitter that others are using their invested money better than you and you simply cannot handle it. It's ok bitch learn from your mistakes next time around. Maybe college wasn't for you.

And your post doesn't need to be fully addressed.. It more or less says it's harder to get a trade job these days but it's not like it's impossible. Hell if you actually work for the position and have half a brain I'm sure you'll get the job. Do you have brain damage user?

>don't go to a school you can't afford

Buy education is an investment in yourself, so taking on a little debt isn't a big deal. It's only a big deal if you choose a field with no jobs.

Otherwise you just pay it back, like me. And the loan really helped me. But then again, we don't have the crazy interest rates you do.

Group up and take it to the streets and simply show the government that enough is enough.
Otherwise the politicians will just keep pushing tax cuts and deregulation for the rich and corporations will keep pushing their small government propaganda while simultaneously running back to the nanny state for bailouts paid by the tax payers the moment things look bad.
youtube.com/watch?v=vjw0s09zvz0

>education is an investment in yourself, so taking on a little debt isn't a big deal
Not in the broad sense like that anyway.
As long as liberal arts exist you can't say that just any education is worth the investment. That is exactly what put so many idiots in debt in the first place. They thought just any degree would get them a job.

It's not that I do not agree with this post (fpbp rule applies), but we've seen in the crash of 2008 how retarded the average person is to take loans worth hundreds of thousands and buy 3 houses, 2 boats and 4 cars. I strongly believe that people are THAT retarded to think credit cards and loans = free money, and act as so, that is including student loans. If the average person was smarter, they wouldn't go to an Ivy League and pay $40k a year studying philosophy or some feminazi-infested degree that has NO demand on the job market whatsoever.

Famiglia, university is free here, where I am, plus getting 700 euros a month student assistance from guberment. That plus 1500 euros from my job making pancakes, I'm living the dream.

End non-terminating debts and allow bankruptcy after a certain period.

The student loan system was setup to flood Debt Trading with debt that can be traded indefinitely. The primary holder can keep trading the same debt regardless if the value has been nulled.

Bankruptcy is rooted out because it allows a third-party to collect before the primary holder, it slows down the turnaround and thus slows the debt trading market.

Students loan systems are not designed to return money to schools, they are designed solely for the debt market.

this is why schools are dependent on government funding. People forget that the loan amount is inflated to force more government funding. Which in turn grows the Dept trading.

Ever wonder why your school loan is 17+ different loans? Each of those loans is a bond that is traded on the hope of how much interest the collector can get away with. This is also the reason for-profit schools are directly linked to mega-large debt traders.

The point behind the laws for debt trading of student loans is to divorce the market from reality. This dept market doesn't rollercoaster like stock because the laws allow it stay in play after the real value is gone from the world.

By giving the loans termination dates this will bring reality back to the debt market and by proximity effect make the business of loaning more realistic and more honest.

Allowing bankruptcy will help pry schools away from large debt traders. And will also give real data on how effective a school is for preparing thier students.

Move to another country

You'd need to run to a country that doesn't have extradition treaties with your home country otherwise you'll just be deported back to your country of origin to settle any legal issues such as you running out on debt. In some countries like America you're taxed even on earnings you make while abroad so unless you denounce your US citizenship you're fucked, and you can't be in debt when you do that.

And it shouldn't be possible (morally) to walk out on any debt, student debt is no different from any other kind except that it's subsidized a bit, exactly as this user says Don't get into debt you cannot afford to pay back, it's no an especially hard thing to understand.

>useless people
>at least Cambodians can be used for napalm kindling

>It's only a big deal if you choose a field with no jobs
That is one thing a lot of people are ignorant about, because if people were smarter, degrees like libtard arts would not exist due to low to no demand. But look how many of those exist, from the shitty third world uni up to Yale.

Get a job and pay it.

Like a man would.

Go to community college for free, learn all you can, take out $25k in debt for your bachelors, graduate, work some internship and learn all you can, accept job offer, pay off $25k

>tfw I don't have to pay any student loan if I want to be educated

Nice too see someone who actually knows what they are talking about.

Jesus Christ financial products are complicated. Nothing but rent-seeking nonsense and casino capitalism. Still fascinating that people can come up with such complex shell games.

Tell government to stop subsidizing student loans

>Teach your children that they have to go to college/university to be successful
>Have their teachers in school tell them the same thing and encourage them that they must go to college/university
>television/films for teenagers involves characters going to college/university and loving it
>discourage them from going for apprenticeships
>kid goes to college/university

LOL ENJOY YOUR DEBT YOU SHOULD HAVE IGNORED WHAT ALL OF YOUR MENTORS WERE TELLING YOU AND DONE YOUR OWN THING YOU STUPID MILLENIALS WHEN WILL YOU LEARN HAHAHAHA

Get an actual course that can get you work instead of meme degrees or learn to socialize with the upper class in college

How do we fix the tab I've run up at the local pub? We need to work together as a country to fix this problem between myself and a private organization.

Nobody's fault but your own that you are a gullible moron. The system feeds off of fodder like you, in this world you are either a wolf or a sheep. Guess what you score as.

most people go to public schools user

Not talking about myself mate. Just easy to see how young people have been led to the slaughter by their elders.

Yes ultimately the consequences and most of the blame can go to them, but some blame can easily be given to the people who were supposed to have their best interests in mind.

Regarding textbooks, is it not because of the fact that there is only one company, being Pearson, which is a British one having a monopoly on uni textbooks in the US?

The thing is, regarding apprenticheships/trade school, is that people began to see it as below their dignity, and this is obvious especially with millennials. There is a similar issue here in Denmark: one Danish guy is highly unlikely to work moving crates at a cheese or fish factory, so the company brings a guy from Romania or Poland (I got nothing with Romanians, been taught of the difference between the actual people and gypsies).

>federal "education"
I hope anyone that participates in this or lets their child participate in it dies a painful death.

How fucking cucked does your bloodline have to be?

Isnt the blue line bad since its caused by nafta and no tariffs

Their parents knew better, or they should have. They are old enough to know there is no free lunch but they sold out their kids anyway.
Either they preached bullshit and didn't realize it or they preached bullshit and didn't care, either way it doesn't matter. You don't go to college until you are 18 or so, you can deduce on your own by then. If you choose the wrong path it's your fault, all the signs are there telling you the risks.
If you can't be made into a wolf through acquired knowledge then you will be a sheep in ignorance and delusion. If you can't understand and game the system you are in it will consume you.

We need to a full fuel system rather than the soft type currently living in right now.

$10k annually for community college is outrageous. I can't rely on the American taxpayer to take a gamble to fund my education.

Taxpayers funding education is the problem.

test out options. if you test out you don't need to pay to be taught do you. attach a smaller price to test out. so stupid simple to be acted on.

>take out loan to pay $180,000 for university course
>graduate and pay it off
>live comfy

If it wasnt worth the risk i wouldn't have taken it. Why have so many people taken a loan for something they cannot repay? This is what happens when you remove the person from the payment. Take a wild guess where these people are spending. Government subsidizing loans has lead to exploding costs, is this any surprise?

How anyone can look at what government intervention has done in so many sectors from health to education and then advocate the solution to be simply more government intervention in the area to fix what the mess theyve made is beyond me.

>End non-terminating debts and allow bankruptcy after a certain period.
>The student loan system was setup to flood Debt Trading with debt that can be traded indefinitely. The primary holder can keep trading the same debt regardless if the value has been nulled.
>Bankruptcy is rooted out because it allows a third-party to collect before the primary holder, it slows down the turnaround and thus slows the debt trading market.
>Students loan systems are not designed to return money to schools, they are designed solely for the debt market.
>this is why schools are dependent on government funding. People forget that the loan amount is inflated to force more government funding. Which in turn grows the Dept trading.
>Ever wonder why your school loan is 17+ different loans? Each of those loans is a bond that is traded on the hope of how much interest the collector can get away with. This is also the reason for-profit schools are directly linked to mega-large debt traders.
>The point behind the laws for debt trading of student loans is to divorce the market from reality. This dept market doesn't rollercoaster like stock because the laws allow it stay in play after the real value is gone from the world.
>By giving the loans termination dates this will bring reality back to the debt market and by proximity effect make the business of loaning more realistic and more honest.
>Allowing bankruptcy will help pry schools away from large debt traders. And will also give real data on how effective a school is for preparing thier students.

literally the most intelligent comment on this entire thread got ignored.

ruthless