>not only do women carry the lion’s share of this burden, but they’ll also have the toughest time paying it back. >...according to a recent report by an education advocacy group whose statistics show that women hold almost two-thirds of the massive student loan debt. >The US is not alone in this higher education mess. In United Kingdom, a parliamentary committee found that student loans would top £1 trillionover the next 25 years thanks to a “deeply unfair" system of fees and loans, meaning high chances either country's market crash will cause a domino effect and trigger international crashes.
for reference, the 2008 housing bubble was $1.4 trillion
Samuel Hughes
Accelerationism tells us a bubble popping is a good thing. But beyond ideology, how can normal people benefit from this situation going in that direction? Its doubtful they'll be let off the hook. At best theyll be incentivized to hand over biometrics, be chipped, and given a service-based jubilee. Either you work for Facebook Statsi or you service the Refugees at the Sexual Emergency center on campus.
Julian Ortiz
btfo literally
Oliver Hall
If the debt was still owned by private companies you could short the stocks. With it being owned by the US government, prepare your anus.
Dylan Diaz
Education is not a "bubble" and cannot pop as the loans are not tied to anything finite, or even physical.
Lucas Peterson
gov't takes the loss, doesnt lead to a private sector meltdown like 2008
Matthew Carter
>mfw the government tries to make men shoulder the burden by forcing us to marry roasties and take on their debt
Robert Cooper
>women carry the Lions share of this burden
That's what you get for spending thousands in useless gender studies degrees
Justin Myers
Why not just pass the debt around as though it was currency?
Xavier Ross
Memes aside. College educated people actually earn quite well. I don't see why all these roasties can't pay off this debt
>women hold most of the debt That's what you get for roasting it up for 4 years, sucking tons of black cock. But now they to find a successful white man to pay their debt
Tyler Edwards
>gov't takes the loss, doesnt lead to a private sector meltdown like 2008 Kinda does tho. Hyperinflation here we come.
Who cares? The whole financial system is a giant ponzi scheme. Just another card in the house of cards.
Samuel Howard
Checked god damnit I don't want a roastie
Adrian Powell
this is the beginning of a movement of women to try and get their student loans forgiven. it will fail, but the fact that they'll get supporters at all is disgusting.
Aiden Clark
Couldn't they take the college's that fail into debt
Dylan Torres
before you marry a woman you should understand her financial situation. "you have $80k in student debt" is a perfectly valid reason to put off marriage. tell that bitch you'll marry her when it's under 20 or paid off.
Daniel Campbell
inflation is certainly a possibility if get ourselves into another credit crisis and we're unable to service our debts, so i hold some gold in case
Benjamin White
they're lazy. the ones who aren't are perfectly able to do so. if you are dealing with a woman neck deep in student debt who is not making progress in reducing it, avoid.
Colton Miller
So the debt will just balloon up and up forever? Cool thanks.
This. Most women get their degrees in either pointless fields (communications, gender studies, journalism) or fields with a very small niche market, so most of these women have to settle on being a generalized "manager" but realize they can't actually effectively lead people or meet dead lines/expectations and fail.
Owen Anderson
fortunately the sort of s oyboys who would marry this roastie cunts are largely incapable of earning enough money to pay off that extra debt. watch these people anons they are your future lower class lmfao.
you can pay off student debt managing a walmart. the problem is these twats refuse to actually make any SACRIFICES to their personally dreams or vanity in order to handle their responsibility for this loan.
Colton Watson
>(((They))) start encouraging women to go to college >Rack up the majority of the country's student loan debt in just a few decades >Can't pay it back because they have a degree in gender studies and realize they want to be mothers >Jew bankers laugh as the goyim go bankrupt Why do women fall for such an obvious ruse?
Yup. You should learn what a fiat currency system is. Spoilers: The money doesn't actually truly exist, Shlomo is just moving around numbers from one box to another. But you better pay him back with interest.
Tyler Hernandez
buddy of mine married into $90k in student debt. her job is decent, but she sure does love spending money and only pays off the minimums. she reminds me how politics makes her uncomfortable whenever they're discussed. she's a slob, doesn't cook or clean, but she's cute. unfortunately for my buddy she doesn't like sex. it's all a big waste of time.
Luis Cruz
What will happen after the student loan Bubble Pop? Will the prices go down? I hope so. Paying $15,000 for a community college isn't what I would be expecting, of course they collude with major colleges to give a pipeline to justify the costs. Which undermines the entire concept of a community college all together
Communications has jobs. About 50% of journalism majors are employed and gender studies are rare. Don't deny facts. The average college educated person makes more money than the average person who didn't go to college.
Wyatt Gonzalez
I am not that knowledgeable on student loans. What happened a decade ago that caused the massive increase in student loan debt? How can it be fixed?
>how can normal people benefit from this situation going in that direction? short stocks of banks that are holding massive amounts of this debt right before the burst
Benjamin Edwards
college is pointless unless you are going to be a doctor, lawyer, or scientist and need professional certification. you can make a great career in nearly any other field without a college degree.
Hudson Price
>anti-semitism is okay when roasties with meme degress do it
im with the jew on this one fuck em pay back every single penny with interest you feminist whores
Michael Perez
>she doesn't like sex with him fix'd
Andrew Smith
Women (white women) do shoulder most of the debt. But that is because white men make up a smaller percentage of those going to college.
All whites are paying for other races to go to college.
Josiah Torres
>>not only do women carry the lion’s share of this burden, but they’ll also have the toughest time paying it back.
Awe, that's too bad huh? I have 0 debt and am not a women, life's great.
Hudson Phillips
>averages I see you weren't a stats major...
A large difference exists at the top, and by virtue of the smaller range of income starting at $0 those $250k + salaries fuck up the "average" entirely. Additionally, the $0 losers fuck up the non-college numbers even more. If you remove the bottom tier of useless retards and exclude the outlier tier of top earners you get a much better picture.
Aaron Rogers
I don't know famalam, I've been at walmart for 11 years.
>generalized manager What made me realize I should go for higher education was my last manager who had one of those. His degree was in "improvement to the work place utilizing technology", he called himself an engineer, couldn't manage anything, and was just overall human garbage, but to compete with him and people like him, I would need a piece of paper
Tyler Bailey
Probably nothing. There’s not going to be loan forgiveness on 1.5 trillion dollars. Congress sets the interest rates on federal student loans, so theoretically it would be easy for them to greatly reduce interest rates from ~7% down to 2 or 3, but again, won’t happen. (((Cui))) bono?
Carson Baker
apparently she's got crohns disease something fierce and is now uncomfortable with her sexuality. no idea why they're together to begin with, no plans for kids or anything either. but he's a funny dude with a good heart, so i keep him around.
Austin Turner
government backstopping all loans, meaning there was no longer any determination as to the ability of the lendee to pay it back. the solution is to let these idiots suffer in debt slavery until they finally sack up and pay it off or fuck off and die. meanwhile the rest of us non-mooches will continue to enjoy our merry lives with three white children.
Liam Rivera
Even if you have a meme level degree you can succeed if you just apply yourself. One executive at my job majored in literature and she used to work in education.
then you should be nearing a level where managing your own store is in reach. if not, get off your ass or accept that you're a low-iq pleb and try to get a job at costco.
Noah Bennett
Women aren't able to repay their student loans because they get worthless degrees
Chase James
see
Matthew Kelly
College became for minorities. Since anyone who wasn't white got scholarships, somebody had to pay for that. Whites pay higher tuition than they should to pay for those scholarships, and do so through loans. There are more white females going to college than white males, so white females have more debt as a group.
Those whites
Evan Gonzalez
most student loan debt is bought from the government a year or two after graduation, with the guarantee it can't be dissolved by bankruptcy.
shit gun be gud
Brody Bell
encourage him to improve himself and see greater possibilities, including a family someday. it's not over until he gets that porker up the stick.
Jason Thomas
Can someone explain how this bubble is supposed to "pop?" I can understand how housing bubbles and tulip trading bubbles pop, but how does education loans pop? People just stop going to school or something?
Parker Davis
Burn all the paper. Erase the debt. What you occupy you own.
>you can make a great career in nearly any other field without a college degree. Not really. I'm guessing you're not the brightest bulb in the shed and you're experiencing sour grapes. In "fields" (ie you're not a savant, run your own business, etc) you will eventually hit a cap in your career and your managers will eventually be younger, dumber, but earning more while sitting on a chair all day while you're 50 busting your ass doing a trade getting treated like shit by people.
Jason Clark
How can the bubble pop? Are university enrollments declining?
Gavin Nelson
That too
Robert Gomez
is there any aspect of reality that millennials have not ruined?
Samuel Reed
>The $1.5 Trillion Student Debt Bubble Is About To Pop >anny daaay now Says the college student paying a 300% interest loan
Why would it pop? The government guarantees those loans and covers the losses. It will pop when the US government is insolvent, which will probably happen after the currency collapse. It's the bubble for the public finances, not for the financial markets.
Chase Phillips
>deeply unfair Nobody forced anybody to take out student loans.
Xavier Myers
the bubble pops when people stop making their payments. once a high enough percentage begin to default on the debt it has to be "written down," which reduces its value down to basically nothing. Any financials that are leveraged against these funds then collapse, and so on.
Sebastian Butler
sure
Jacob Rivera
>she sure does love spending money and only pays off the minimums. literal retard alert.
Robert Rogers
Why don't people who have to take out loans just join the National Guard or Coast Guard? It doesn't matter what your major is, taking out a significant amount of loans for an undergrad degree is foolish.
Jordan Ward
one of many bubbles that are about to "pop". so many bubbles, so little time, that's what you get when you feed bubbles with cheap money for a decade. Eat shit and die, the next collapse will be golden, and us humans are too stupid to learn our lessons. You pulled this shit in yourself. There is no better time to rub salt in the wound than a economic collapse. You think people became misanthropic all by themselves, it was a long drawn out process. I can't wait till this shit collapses, so I can point my fucking fingers and laugh at humanity. You deserve the pain.
Good, it's about time. After it happens, the bankers will panic, they'll go into a room with government officials, they'll hammer out a deal, and then they'll go on the news the next day and complain about how the government officials were reckless. We've been through this 4 times in the past 50 years, it's an American past time. The difference is we recover, while the rest of the world pretty much doesn't.
Joseph Sanders
The federally-backed debt bubble can't really "pop" because the debts cannot really be discharged, which means they just hang around forever. The government can put liens on houses that debtors inherit from their parents decades from now, for example. The main problem is that this suppresses the educated (disproportionately white) birth rate, and is generally an example of extremely stupid social policy.
The complicating factor are something called "SLABS," or student loan asset-backed securities. SLABS are mainly derived from federal loans, but also include private student loans, which are a $300 billion market all on their own. Private student loans have been eating shit and getting written down recently (they can't be discharged in bankruptcy either thanks to Bush's 2005 reforms, but they can't be collected after 7 to 10 years either, depending on state). The SLABS market is extremely "opaque," meaning that we really don't know much about it. But SLABS are derivatives. Some are structured like traditional CDOs. Some are more "exotic."
Ideally, we'd bring back regular bankruptcy for student loans (providing the market with a market-signaling mechanism), and force schools that took the loan money to pay back any defaults. But so far, Trump's Department of Education has done jack shit about any of this.
Liam Gutierrez
you're a short-sighted dumb ass who doesn't understand what opportunities actually exist. tell me specifically where this scenario plays out, in your mind. I've seen enough to know better - high performers excel and if you hit a ceiling where you're working and they pretend eh reason is you "don't' have a degree" your next move is to go work for someone else. What they are really telling you is that they do not want people of your class and ilk to associate with them.
Carter Torres
1. Tuition rising because the lender is the gubment 2. Millenials/ Gen Z going to college at a much higher rate than Boomers/ Gen X
Christian Bell
>government backstopping all loans they did this long before then.
Noah Martin
It’s not gonna happen. None of the happenings are going to happen. The student loan bubble isn’t going to pop. Russia isn’t going to start WWIII. Trump isn’t going to go full Pinochet. ISIS isn’t going to trigger a tenth crusade. Israel isn’t going to rebuild the temple and make Jesus come back. No race war. No second civil war. No South African revolution. No Mars colonization. No ayys. Nothing is going to happen. We’re stuck in this nightmare with no way out. The ride never ends. It’s pain. It’s all pain.
See shit like this makes me really apprehensive to buy a home. Which I am looking into doing in the next year. I really feel like something is about to give. If it's the stock market, my savings will go to shit for a while. But the housing prices should also come down a bunch. I've got some money in stocks what I was using to gain $for a down payment but I honestly want to pull the majority of it out soon.
Zachary James
they have yet to sap my ability to laugh at their miserable failings. in fact, as they age, the lulz factor seems to be increasing at a record pace.
in case anyone is interested, Ray Dalio (Bridgewater) just released his book for free regarding debt/credit crisis scenarios. He's thinking along similar lines to some anons ITT. Just use a burner email account to get the book/PDF
The markets crashed in '08, and people decided to start living off student loans.
Cameron Garcia
They don't own the debt, just manage it.
Eli Davis
So it’s not the government backing loans anymore but rather a private company
Mason Reyes
Sounds like your sexual fantasy?
Landon Nguyen
>>not only do women carry the lion’s share of this burden, but they’ll also have the toughest time paying it back.
Legalize prostitution. They're all whores anyway so pay the denbts.
Jayden Scott
Teens and parents are emotionally blackmailed into going to college. >don't you want a good career? >don't you want to achieve you're dreams? >don't you want what's best for your child? >how will your child support you when you're older I heard it all when I was in highschool in an affluent area. It's all bullshit.
Luke Butler
I'm guessing you're mad at all of your friends who just started school and you want us to console you that you fell for the trade meme.
Assuming your friends aren't retarded, their loans will be paid off by the time they're 30 and their job will be a lot less menial than whatever trade you'll have - which will pay about the same in every area, also enjoy competing with spics who will undercut you in every way.
I'm sure you can feel morally superior when you're approaching 50 and have a guy half your age join your crew who is better at your job than you are.
Joseph Wilson
The US government may default instead of crashing the USD. There are benefits to default vs destroying the currency first, because after hyper inflation, the default is inevitable anyway.
Jayden Hill
>Memes aside. College educated people actually earn quite well. I don't see why all these roasties can't pay off this debt
>fucking nigger uses stupidly large averages over diverse groups as if its relevant data. how about we take the average of womens studies and early childhood education majors? oh, also - you have to do something to lessen the averages for those who only partially complete college education. dont try to pretend colleges arent being deceptive to people to get them to enroll and make as much money off of them as they can oh, also - go ahead and take how much they "earn quite well" and subtract from it the massive amounts in loans they are paying off, and then compare that to your typical trade worker. Remember, do this for womens studies, and educations majors. How about we show what the most common major is of people AT ENROLLMENT, and see how many people have enrolled into those programs, and see how their finances work out. Not some huge average that includes offsetting outliers like doctors and engineers.
They shouldn't have borrowed the money if they can't pay it back. They deserve a shit credit rating for the rest of their lives.
Kayden Phillips
good info, but fuck your conclusion. ideally we'll let the debt-slaves be downwardly mobile as their choices have determined, allowing the debt-free to rise above them in the social world. idiots with useless degrees and a ton of debt should not be breeding, and their failure will inevitably leave opportunities open for others, who will now be able to thrive and breed as they finally have access to opportunities previously reserved for the now-debtor class.
Landon Cooper
ok thanks i'll be sure to delete my post
right now
Benjamin Bell
not really
Jack Wilson
I had a student debt of like $12k.
I email the guy in charge of fraud at the Fed and tell him they been brainwashing me since kindergarten and they knew all along that I was poor and I could never repay the loan. Its all fraud. Just remember that.
Justin Fisher
People getting tricked by jewish schemes into believing in a completely legal system fucking them over in all types of directions is their own faults? We had laws protecting people against this sort of stuff before.
People thought that college, no matter what "degree" that you got would guarantee them a job because that's all that people would hear and they get nothing but $80k in debt. That's not their fault, well at least not entirely. Such a huge scam just purely shouldn't be allowed to exist.
Grayson Hall
haha no only women and minorities get promoted. No costco around here.
