5 million people are in default right now. The Dept of Ed estimates as many as 10 million by end of next year because of job market.

    https://i.redd.it/dxby4takhz8g1.jpeg

    Posted by Conscious-Quarter423

    8 Comments

    1. SupremelyUneducated on

      Why aren’t the plebs desperate enough to do stuff that justifies taking away their legal rights? Why aren’t the people who took on risk and debt to go to school, acting fucking stupid? Smells like witchcraft, or terrorism, or mostly likely terrorist witches.

    2. Can someone ELI5 why so many young people take out ridiculous loans for degrees that don’t have strong earnings potential to begin with?

      I know it’s a typical right wing cliche to hide behind the “200k gender studies degree” argument – but this really isn’t an exaggeration. Plenty of GenZ and millennial students seemed to just flat out ignore the fact that there would be serious repayment issues for their six figure political science/english/ philosophy etc degree, instead of just attending a state school.

      Why shouldn’t these people face the consequences for there actions? Sure education is far too expensive…BUT literally all of them had a cheaper option and flat out refused or ignored it.

      Edit: a lot of bleeding hearts mad that I’m going against the narrative here – lots of downvotes but no counter arguments lmao

    3. Start sizing less than 5% might make sense, but 10-25% is executioner style. It’s not reasonable or decent, and it’s encouraging infighting today instead of unity. So fuck your posts today. I’ll call these The Executioner. And it’s fake news in a sense, because it’s hateful and not helpful. Title should read: millions of Americans need help getting on track. Millions of Americans want to participate in your game, and feel they are only a small whipping post part of it. Get real on pay backs. We were making progress, but this is a move based on forcing folks to pay an amount They decide, based on interest rates they control, and based on loans to provide jobs that just didn’t exist. What new? I got banned from student loans for speaking my truth. So let them invent one for us. Life in 2025. We have tools, and a cancel button. Wow

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