>student loan bubble now $1.65 T R I L L I O N
When is the burst?
Student loan bubble now $1.65 T R I L L I O N
Michael Lopez
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Bentley Price
Why would it burst? They are backed by the government and you cannot absolve them through bankruptcy...
Daniel Hughes
>student loan bubble
Superb reading stuff. Give links to read. I need something for good nights slumber.
Juan Rodriguez
It will never burst. These bubbles become "national security" issues, which means they will be propped up and inflated as long as .gov has a nuclear arsenal to hold reality hostage
Jackson Hill
Just look it up, brother. Gubment is letting 18 year olds get 100k in debt for visual arts degrees from third rate universities. They can't absolve the debt through bankruptcy and is creating a multigenerational class of debt slaves.
John Fisher
Never, it's owned by the department of education and they'll just raise taxes or the fed will print more like usual. Hyperinflation will be the consequence.
Joshua King
Maybe they should have gone to a school they could afford for a degree that gets a job.
Jack Sullivan
Nigga, I'm talking about public schools. Private schools are 45k a year for tuition alone.
Michael Turner
>not just never paying it off and secratly move somewhere that still accepts the degree cuz it's a 2nd world shithole yet you live a life of lavish now
YIKES GUYS YIKES i thought you were smart
Carter Thompson
>tfw no student loans
Jackson Torres
Only one who failed admitions to art university are capable to bring us to new nazi revolution. So dont be harsh agains failed art students
Elijah Diaz
Fuck anyone stupid enough to take out loans they could never pay back.
youtube.com
Social darwinism at it's finest.
Lucas Torres
if it didnt burst at 1.5T, why would it burst at 2T? or 3T? also, whats captcha's goal with identifying tractors now
Parker Perez
fpbp
student loans are plain usury backed by the might of the US government
Alexander Nguyen
Can Hyperinflation even Occur in America
Isn't all of your money backed by the Zog War machine?
Ie. The more you spend on military the more your dollar is worth
Like I highly doubt Hyperinflation will ever occur as long as middle easterners still have oil in the middle east
Isn't that why the united states military is trying to go hard on Yemen right now.
To stop that burst
You failed at syria so it reached danger zone
Levi Cox
Trump could simply stop this, by allowing the students to default. Start slow with grandfathered debt, then reach up and tell everybody that in 5 years, full default is possible. No bank gives you 10k without security, and if you want to gamble away grandma's house for shit tier master, then do it.
Isaiah Ward
WATCH IT GOY
Leo Flores
>mfw communist zero-interest student loans and communist zero-tuition university education
how can marketcucks even compete?
Landon Green
>When is the burst?
Who can say? The only thing that's for sure is that we'll be stuck with a generation of millennials with no technical skills or knowledge, second-rate physical/mental health, and warped worldviews. These are the people that the rest of us will have to support. Hopefully it will be an opportunity for actual workers (electricians, farmers, mechanics) and actual educated people (doctors, engineers, lawyers (not the blood-sucking types)) to take over again. Maybe the financial collapse will be an opportunity to turn society around.
Jacob Phillips
while you're not wrong, at some point the majority of the loans will enter default. this will cause the people who bought the securities backed by student loan debt to become insolvent and the dominoes will start to fall.
in the end we'll have a shit load of indentured debt slaves and a wrecked economy. thank god i paid my loans off years ago.
Dylan Powell
>living in a (mostly) homogenous white nation where social services haven't broken down yet
Congratulations, now you understand what race-conscious Americans advocate for
Ethan Campbell
>Sweden
>Homogenous white
Whew lad
Matthew Hill
>tfw a pell grant doesnt even cover community college at $5k a semester
Oh well. Any knowledge i thought I had will go unused like a dykes fallopian tubes
Elijah Thomas
>work at a company that wants me to stay after college and during college
>offered to pay 50% of tuition
Feelsgoodman
Jack Gray
Outside of the cities Sweden is mostly white. Social services in muh enlightened diverse areas will break down in the future
This is the way to go. Students should be pursuing merit-based scholarships and internships that will help pay for tuition. Hell, do ROTC and get it fully paid by the military. Anything to avoid student loans.
Carson Carter
They will. And we can only enjoy the fire that will follow.
Bentley Fisher
If there are any, ANY people on this board thinking about going to college, I beg you to read my post.
First, think about what you really want to do as a career. Look at the market for said career, especially starter positions to see if there is any room. If it's a strong career, like accounting or a practical science, then there are usually a lot of openings, but still, look it over to see if you can do it where you want to live. And of course, check to see if you even need college for said career. Some careers, like a large chunk of blue collar work, is better suited to trade schools, or even apprenticeships if that's an option.
If you make up your mind and decide that schooling will be important for your future job, then start with Community College. It's cheaper, most have the exact same educational merit as a university or full cost college, and will be better suited to a person who is working their way through. For instance, I go to a CC for a Business Admin/Accounting degree, and the cost for a full year, two full semesters of college, is under 5,000 dollars. It's the most affordable option for your first step, an Assosiate's Degree. And once you have it, it's possible to find jobs that will pay for most or all of your schooling for the Bachelor's degree within your field.
Finally, take it at your own pace. A full five course semester is good for full time students, but if you are paying your own way, it could backfire easily. Start with two, three, maybe even just one class. See what pace is comfortable for you, and don't overextend. It could lead to mental suffering, as well as a wasted school semester if it leads to failing grades.
Please, don't go into debt for a degree you have no practical experience in. Look for scholarships, financial aid, anything before student loans. And if you have to take a loan, keep it as small as possible. Student debt is absolutely not necessary. Don't make yourself a slave.