Canceling student debt. How exactly would you do that?

She reaches her hand into the pockets of those she thinks have more money than they deserve and pays off the banks and financial institutions who loaned the money so kids could go to the schools that gave them an education not suitable to earn an income with.

The schools, who over promised and under delivered, keep their money. The banks keep their money. The students get debt wiped clean. The rich guy pays for everyone else's failures.

This is f'd up.

T And T Garage wrote on 06/14/19 at 07:00:32:

I agree here too.
I don't understand why this is so hard.  Debts are seldom much more than an auto finance,... They just need to manage their money.
A new $30,000 car gets paid off in about 6 years.  Just drive a used $2,000 car for a few years and pay that student loan off.
If you can;t manage that, you'll never own a house or have a retirement.
Lowering interest would be a nice help, but just live below your means for a few years and get clear of debt.
I never go in debt for anything that doesn't have a deed.

Serowbot wrote on 06/14/19 at 08:00:41:



Sadly Sero, I think you're an exception instead of the norm.  But point well taken. (my brother is a lot like that - no notes on anything but his house)

T And T Garage wrote on 06/14/19 at 07:00:32:

(btw, keep up the name calling - it really makes your case...)

Bullwinkle to Rocky:
" Holly Molly Rocky, is that ever a case of the Pot calling the Kettle Black"

T And T Garage wrote on 06/14/19 at 09:29:01:

That's the difference.  I label, not name call.

AW-SUM  Spin.
So that is what  DSA and TyT teach.

Serowbot wrote on 06/14/19 at 08:00:41:



so, this is what happens....

you're working a crap job, low pay, crap hours, no life, yeah, you're making it, barely, and maybe with the help of a few good friends from time to time....  you always feel like a giant loser and you decide, okay, let's try to get myself out of this (now you were never the smartest ever, but you aren't stupid either) so you figure more training and maybe some clout with a degree will help, and as you say, it's really only the price of a new car, not even a fancy car, like an Accord or something, now, you already have a car, which comes with it's own expenses beyond just payments, (gas, insurance, etc...) Anyway, you decide to try to better your life, you keep your current job... and work around it to go to school, trying to only spend the least possible to avoid debt, but...  

yeah, it's a mistake, the degree ends up not having any marketable value to it, sure, you could upend your whole life and maybe find a job that'd take you, but you really know you didn't get the education that you need, you thought you would have, but for whatever reason, (counselors being more interested in selling you than helping you, the job market you went for has collapsed with technology taking it over, whatever) . you know, stuff happens and the cheese is moved, and now, you just can't make any moves, your payments and cost of living are taking almost all of your check..

yeah, mistakes were made, and there's no bettering your life anymore, everytime that's been "promised" you've been a fool so you don't bother with that anymore.   You live, you learn...  you pay.  

even with that, I take responsibility for my debt, I'll pay it as best I can. and no, I won't ever own a home or have retirement, yes, I'm a loser, there's no American dream, just holding on to reality is enough of a struggle

hope you conservatives or anyone else, has a really good laugh at that/me,   at least a smile was brought from my mistakes and idiocy

Didn't have these problems before the Fed's  started loaning money for school .
Didn't have so many underwater basket weaving degrees.
Didn't have so many bureaucrats on campus..
Tuition wasn't much..

Self inflicted wounds
And now
Let's stop the pain of those who are so stupid as to go into debt for a degree in
Queer Studies..
My sympathy is just running OVER,,,

IDGAFUKK what degree plan someone took, if they weren't smart enough to investigate the market and know what the odds of being hired were while they were in school, then the graduates were IDIOTS

"Didn't have these problems before the Fed's  started loaning money for school ."

 "Feds" rarely loan the money, its secured by Federal backing, a different thing.  The structure has actually reduced predatory lending practices, but far from eliminated it.

"Didn't have so many underwater basket weaving degrees."

 Also didn't have anywhere near as many job markets.  With more diverse technology and wider global exchange there will be more educational opportunities.  Some are c rap, some are needed.

"... if they weren't smart enough to investigate the market and know what the odds of being hired were while they were in school, then the graduates were IDIOTS "

 I partially agree.  Anther aspect many don't consider is that by today's standards one should expect to have to change career paths, or at a minimum be completely re-trained/educated within the next decade.  Technology is moving at a pace that prohibits most education platforms being effective for a lifetime, this includes trade skills like welding etc.

 A welding certificate today won't get you as far as it did 20 years ago.  One better add a minor in robotics or mechanical engineering along with that because most career welding opportunities in the future will be done with robots.