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9% Say they intentionally have not paid back student loans

Clizby Wampuscat

Clizby Wampuscat

Well-Known Member
flowerpower said:
The world has changed.

Tertiary institutions have not changed alongside the world.

There is very good reason why people are disgusted with today's universities and the unconscionable scams they pull on young people - mostly teenagers.

Maybe outdated societal expectations play a role too - but the culpability that universities have in promising the world to young adults who don't really understand the way the world works only to have their students' expectations blow up in their faces is something that has consequences.

What tertiary institutions do to kids today actually lead to a lot of miserable, destroyed lives and suicides. It's very much something on the uptick too - extremely bright intelligent kids who are trying their best to live the best lives for themselves, their loved ones and society as a whole are having their lives totally destroyed by the corruption and greed of universities.

There's nothing moral about that.

There's definitely something moral about trying to correct this grave injustice - whether that be student loan forgiveness or boycotting the repayments altogether. Something's gotta give and the universities are the ones with the blood on their hands.
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Really? No one forced anyone to take out these loans. They made a decision to do it whether it was an informed decision of not. They need to repay what they took.
 
Shadow Wolf

Shadow Wolf

Certified People sTabber & Business Owner
Revoltingest said:
It's still good advice....
Don't borrow money for a purpose
that doesn't enable repayment.
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That's the thing, lots of degrees aren't making the promised money. And it's nit tye art degrees that RWers complain about (which betrays their ignorance of the fact there are many well paying jobs with employment chances thqt are greatly enhanced with an art degree).
 
Revoltingest

Revoltingest

Pragmatic Libertarian
Premium Member
Shadow Wolf said:
That's the thing, lots of degrees aren't making the promised money.
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Evidence that this isn't knowable to the borrower?
Shadow Wolf said:
And it's nit tye art degrees that RWers complain about (which betrays their ignorance of the fact there are many well paying jobs with employment chances thqt are greatly enhanced with an art degree).
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Let's not send this off into carping about conservatives.
It appears that you disagree with my advice.
So it's question time to pin you down....
Do you disagree about borrowing money
only if the purpose would enable payment?
 
Brickjectivity

Brickjectivity

Veteran Member
Staff member
Premium Member
Revoltingest said:
Society tells kids "you must go to college".
College makes you educated & better.
College grads earn more.
If you don't go to college, you'll end up
in a trade, eg, plumber...that's low class.
So they blindly borrow a small fortune to
get that degree in medieval art history,
giving no thought to how they'll pay
back the loan....which was given with little
thought to kids who didn't yet understand
what borrowing is all about.
Pretty broad based debacle, eh?
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I affirm this is a common story for children born in the 1970's. Probably its true for children in the 1980's, too. I don't have much intuition about more recent children; but the tuition seems to indicate that they have been handed the same rattle.

I remember one of my temp jobs in the 1990's working just out of high school right along with people who had masters degrees in psychology. We were in a call center, some doing sales and some doing logistics. I decided not to pursue a masters in psychology.

So I went with Computer Science and got my A.S.S. degree in that field. Which got me a job in a call center doing tech support.

I understood, too, the downside of being a plumber. Plumbers worked with toxic glues and often damaged their brains. I was warned about this repeatedly by my parents, who seemed to keep forgetting that they had already told me this. Years later I met a plumber who had indeed damaged his brain with glue fumes, so my parents warnings seemed justified.
 
Colt

Colt

Well-Known Member
Shadow Wolf said:
Calvinists tend to see poverty and wealth as signs that god has cursed or blessed you and you are preordained for good or bad things.
This is basic Church History 101.
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I see, sounds like divine providence which can be found in Judaism. I haven't studied Calvinist church history.
 
Clizby Wampuscat

Clizby Wampuscat

Well-Known Member
Quintessence said:
I've had long conversations with a couple of my friends as to why they are intentionally NOT paying back their student loans.

It boils down to this - the literally can't.

They ran the numbers and they literally can't without upending everything about their lives and living in a way they don't want to.

Neither of these people are deadbeats. Both work in higher education, actually, something they deeply value and enjoy being of service to. One still lives with their surviving parent and the other lives with a partner in a small apartment. They pay the minimum on their loans every month and see no light at the end of their college debt tunnel, so they choose to actually live their lives instead of letting the impossible loan ruin those lives completely.

There's more to each of their stories than that - personally, I think they both spend too much on unnecessary crap (but I think that of almost everyone in my country as an anti-consumerist so I doubt that's a fair criticism) - but the short of it is they can't repay the loans before retirement age and are not willing to compromise their quality of life to do so. And I can sympathize with that. Neither of them are living it up, exactly. Anyone in my generational bracket and younger is simply financially worse off than previous generations and that's that. I'm unusual in that I'm an (almost) homeowner with (almost) no debt... which only happened because I inherited money.
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In the report they said that 9% said they won't in protest, not that they can't. I agree if someone can't make the payments they should be able to work with the government to get a reasonable payment plan, but they need to pay it back.
 
Shadow Wolf

Shadow Wolf

Certified People sTabber & Business Owner
Revoltingest said:
Evidence that this isn't knowable to the borrower?

Let's not send this off into carping about conservatives.
It appears that you disagree with my advice.
So it's question time to pin you down....
Do you disagree about borrowing money
only if the purpose would enable payment?
Click to expand...
I mentioned them because they are the ones endlessly gripping about art and academic-path degrees.
I think the whole thing needs rebuilt, with the cost of college a symptom of a society that requires money to make money.
 
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