How many student loan debt slaves here?

how many student loan debt slaves here?

did you know there is no way to get out of it if you cannot pay? that if you default, then for the rest of your life your wages will be garnished and your tax refunds be confiscated?

abc.net.au/news/2017-10-06/how-us-student-loans-could-cause-the-next-share-market-crash/9019818

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and that wall street is making billions off of gambling in derivatives based on student load debt CDOs? so they will lobby / bribe congress hard to prevent any reforms from challenging their supply of debt slaves to use for derivatives gambling?

>sign loan
>sheeit, I'm a slave now!
why americans have to be such faggots?

If I could go back now and not go to uni I would do it, but 17 year old me did not think about these things. My parents told me I needed to go to uni to get a job, it was the only option I was presented with

It's not my fault that people are too retarded to pay back their loan before interest rates make an interesting new tear in their anus.

>sub 10k debt after 2 years
Just don't be a dumbass and only get higher education if your career path dictates so.
(checked)

How about don’t go to college unless you actually have a solid plan for after college? So many of these faggots just go to college because either
>they think they have to because society pushes it so hard
or
>to drink and party
And they wonder why they didn’t succeed afterwards.

>be me
>get into several high-tier schools
>choose to go to community college with automatic access to state school in two years
>zero student debt
>ample time to run my own business
>graduate with no debt and have already accumulated work experience and relevant skills for a career
>continue side business into career until I'm making more there than my job(which won't be too long)
>profit??????

This is what I'm doing now. honestly don't know how these idiots could accumulate any debt.

>How about dont go to college?
>When you answered your own question.
Societal pressures combined with young age means most are going to do it because theyre expected to. You cant blame them for going. Especially since most are coming off the recession scare where most factory workers ate shit.

Sounds like a choice to me.

Or their parent's tell them that uni is the only way to be someone, case in point me.
>interested in electronics since little
>Learned carpentry from my grandpa
>Go to a trade based highschool instead of business school, parents are pissed
>Graduate top of my class, decide to become a certified electrician
>Parents pissed off
>Work and pay for it myself
>graduate and start working for a US company earning 15 hourly (starting wage)
>Start doing jobs on the side when able
>Quit job and start own company
>Get hired by same US based companies to work for them
Meanwhile my super intelligent oldest brother who is 25k into debt (but he's got a masters degree) and is earning right now 7.25 the hour and get's to wear a suit and tie is successful according to my parents.

The current year: Where smart people DON'T go to college.
Thanks Obama

Actually getting out of student loan debt without paying is relatively easy but takes some work and willingness to take legal risk.

Step 1. Develop credit through credit cards as much as possible.
Step2. When have suitable amount of open credit card lines proceed to utilize their balance transfer options and offers to bt as much student loan debt as you can.
Step3. Proceed to pay the minimums on these credit cards for a year or so. If possible try and conduct more balance transfers between other cards for these balances.
Step 4. When you feel a good amount of time has passed and the interest rates kick in declare bankruptcy. Enjoy all remaining debt being discharged.
Step 5. Wait 7-10 years rebuilding your credit slowly and at this point all bankruptcy trades fall off your credit report like it never happened.
Step 6. Live debt free.

What trade? Electronics or carpentry?

Tax refunds are for suckers who used the default payment amounts and consequently gave the government a free loan. You can pay whatever you want during the year.

wuz

>join military
>They pay off student loans or pay you to go to school on GI Bill

But I don't want to die for the jews!

>Join Navy
>Don't get shot at or blown up

Lesser known fact, many of our homeless population have unbearable student loan debts. At some point, faced with mental illness and chronic unemployment, there's no other option but to live on the streets. And the jew bankers do this to our kids just so that they and their cash rich universities can horde ever more shekels. A cruel charade indeed!

If you get a degree in gender studies or African American history I have 0 sympathy for you.

I studied electronics in highschool and from there I got into electricians college to become a certified electrician. Carpentry was taught by my grandfather who wanted to continue the line of carpenters our family has always had (my brother had no interest in it) I also worked as a carpenter as a means to pay for my certification as an electrician but after I got it and started working as one I stopped, however I still do lots of wood work as a hobby or when I need to repair something at home.

THIS

They fucking rush in at 18 years old like they have any idea what the fuck is going on with the world and what they would like to do in it - get all excited about changing the world or becoming the next great artist/author/director and get meaningless degrees they can't pay for. It's a good first life lesson for them - welcome to debt, now get in line.

That's the way it is. You think any of us should be in debt for basic things? Probably not, but that's the way it is and always has been. These fucking crybabies need to get their asses a couple of jobs, live like a cheap asshole for a few years and they can hack away at it. It's basic saving and planning but the only things these fucks save and plan for are vacations and IG posts.

You DESERVE this - I'm happy I recognized I was a lost shithead with no real direction at 18, like most 18 year olds.

Bitch please.

trips of truth!!!!!

I have a masters no debt and €170,000 in my bank account.
Thanks boomer parents. It was most all you.

You forgot about deleting system 32.

wow, how old?

how much did the boomers invest in your education? are they rich or just middle class?

Education was of course socialism free. They paid nothing. They gave me the cash in my bank account.
>Buy a house. Have a family.

I think they are upper middle class. They have ridiculously good pensions and a couple houses and apartments. They are very cheap. Alsways saved and invested.

fuck you school niggers, pay debts

hahah pay the wall street SLAB student loan derivatives jew!

>be me
>dropped out of high school
>go to local village electrician next day
>ask for job
>boss says sure
>you can start tomorrow
>boss trains me to be electrian while being payed
>college educated friends can't find jobs or work at supermarket or waiter
>ten years later boss retired
>i bought the entire business for 20000€
>have 5 employees now
>have house fully payed off
>have audi rs6 avant
>probably retire when I'm 40

>SLAB student loan derivatives

investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp

Student Loan Securitization

The United States alone has approximately $1.2 trillion in outstanding student loan debt, 40 million borrowers and an average debt balance of $29,000. Student loan asset-backed securities, or SLABS for short, are exactly what they sound like; they are securities based on outstanding student loans that investors can purchase that deliver scheduled coupon payments much like an ordinary bond.

The main purpose behind SLABS is to diversify the risk for lenders across many investors. By pooling and then packaging the loans into securities and selling them to investors, loaning agencies can spread around the default risk, which in turn allows them to give out more loans and larger loans. This way, more students have access to loans, investors have a diversifying investment instrument, and lenders can generate consistent cash flow from their securitization and debt collection services.

excellent! was he good at budgeting and estimating job costs? was that hard to learn for you?

Low and mid tier college courses are a total waste of time. There are people studying for 4 years to do totally unskilled jobs but employers insist they have a degree.

>join the navy goy

Look up USS Liberty

>be offered a debt
>take it
>complain
That's why I can't take people who complain about loan sharks seriously.

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It's a good life isn't it mate.

>

it is like enlisting in the military. you dont often know exactly what you are signing up for, and the enlisting salesman has all the skills and knowledge and craftiness on his side, and tells you lies to get you to sign.

itt trips of truth successfully escaped the pol censors

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Loan lenders tell you how much is the % and how much you are going to pay, and how soon. Millitary usually doesn't.

get a fucking job.

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