Student loan delinquencies in the US are soaring, with nearly 10% of accounts in delinquent status (meaning no payments for at least 3 months). These stats apply to federally-backed student loans, which means the US government ends up paying for the loans if the borrower cannot. And there is $1.7 trillion of that type of debt in the US. The delinquent amount is actually greater than 10%, since delinquent accounts tend to owe more than the average. Something like $250 BILLION in loans are simply not being serviced or paid right now.How can we punish borrowers and force them to pay up? Trump actually authorized wage garnishments and other measures to recover the debt, but so far, the Department of Education has been reluctant to use these measures.
>>534650720it's actually pretty easy to solve. just halt h1b employment, let these people get jobs, then they can pay it back. simple as.
>>534650720How would you garnish people's wages when they can't find jobs? Arrest people who hire illegal immigrants and this problem disappears.
>>534650720>How can we punish borrowers and force them to pay up?Go ahead and try. The mass shootings that result will be glorious.
>>534651292>when they can't find jobswhy did borrow money then? if you took a loan on something and failed to extract value, why hate the lender? you failed.
>>534651225>SAAR
>>534650720>>534651225>>534651292It’s a pretty easy problem. You took out a loan, you pay it back. If you can’t then you have your wages garnished. The lender will make their money back even if you failed to launch.
>>534650720Bill the colleges for it and conscript the delinquents into agricultural labour in exchange for student loan forgiveness.
>>534651394wages?
>>534651394>implying i have wages
>>534651292The government can also place liens against personal assets such as bank accounts, property, vehicles, etc. That's not quite as straightforward a as wage garnishment, since it usually requires a court order. The government can also cancel passports of people who owe delinquent loans.
>>534651427>>534651428>>534651453ok but you TOOK the loan, you signed off on it. and it was a bad bet, why are you a victim at all.
>>534651383>why did borrow money then?Good question. Every single person who took a student loan was told, by government employees I'll add, "if you go to college you'll get a good job. So they went to college. Then when they finished college there were no jobs for them.>why hate the lender?Because the lender is party to defrauding the borrower. Where are the good jobs? The lender gave us the money so the borrower could get a good job that does not exist. That is debt trapping.
>>534651394Why should the lender make their money back?
>>534651540I am relaying to you the material reality that i have no means of paying it back and never willWith this information, what will lender shekelblatt do?
>>534651540The lender signed off on it. It was a bad bet. Why are they the victim?
>>534651394PPP loan status?
>I am unable to understand legally binding agreements at age 18>I still am down to fuck thoHuh
>>534651383>>534651394Are you retarded? I never said people shouldn't pay back their loans. All I said was that people are struggling to find employment so they can make money to pay them off. Then, I provided a reasonable solution to the problem which is to arrest people who hire illegal immigrants so that real Americans can take the jobs at a reasonable wage.
>>534651540>loan $200k to teenager with no job and no degree>he says "I'll pay it back bro trust me"I don't care what daddy government said about it being guaranteed to be paid back, that's just called a bad investment.
>>534651695They're jews, you need to speak to them in a language they understand
>>534651549>if you go to college you'll get a good jobthe government just provided the ability for you to go to college if you wish at a cost, they were the guarantor of that even if you had no credit at 18. That's all it was. there was never a magical promise of some mythical magical job that will make the degree worth it. There was never any guarantee that you'd get a job ever. college underemployment is like 40-50%; it doesn't take much to look it up and verify it yourself. there is a risk to anything, again nobody forced you to do it. I thought being an adult meant taking accountability. So how are you being defrauded when there were no lies told by you? FAFSA did not say "these loans guarantee you a job if you complete your degree">>534651614you owe money though, it's true they made a bad bet too. but now you signed off on them being able to use your delinquency for other purposes you signed off on in the terms & conditions. fair game.>>534651695lol
>>534651820>there was never a magical promise of some mythical magical job that will make the degree worth itEvery guidance councilor in every school made that promise.>you owe money thoughBullets are cheap.
>>534650720>How can we punish borrowers and force them to pay up?lol. fuck off 2pbtid
>>534651540technically the lender made the bad bet. it isn't necessarily the consumers fault the economy got rug pulled.
>>534651739>I don't care what daddy government said about it being guaranteed to be paid back, that's just called a bad investment.right... teenagers make bad choices all the time, why didn't he abort his poor choice in the middle of it? he went through and made a bad choice and stuck to making bad choices. now he pays for that some how.why do you think student loans are undischargable even in bankruptcies?>>534651872>Every guidance councilor in every school made that promiseuhuh, so your guidance counselor is the arbiter of your destiny? wow I guess they should be paid millions for deciding the lives of so many people! you make 0 sense. they made these choices, they went to school and they could've aborted their choice at any moment but didnt and racked up the debt.>Bullets are cheap.so your answer is to be a violent nigger?
>there was never a magical promise of some mythical magical job that will make the degree worth itWhy do jews argue by pretending they don't know what things are? (In this case, social contracts)
>>534651964>technically the lender made the bad bet.true, you're not wrong. but you signed off on having that debt be used against you in delinquency, nobody lied to you and said it was free money dude.
>>534652004>social contractsare you fucking delusional? you think the world is some happy magical unicorn land of happy happiness and no bad things ever and just happily ever after? you have downs syndrome, never grew up.
>>534651975Are you a Sallie Mae wagie or what? What's your incentive in demanding that student loans be repaid? Some real advice for you: your brain has been broken by legalism. The reality is, you can't get blood from a stone, and no amount of shaming is going to get you what you want. Eventually, it will get you plenty of what you might NOT want.
>>534652020the government shouldn't be making loans to regular citizens if it plans to tank the economy and leave them unable to pay back the loan
>>534651383Emotional argument. You still don't get your money. Very feminine take based on feelings.
>>534651820>lol
>are you fucking delusional? you think the world is some happy magical unicorn land of happy happiness and no bad things ever and just happily ever after? you have downs syndrome, never grew up.
>>534651292Well leftoids are the one who want all the diversity. Let them figure it out. Student loans are not special, I want my mortgage forgiven, IRS debt and credit card debt too but hey...it's tough luck
>>534651975>uhuh, so your guidance counselor is the arbiter of your destiny?When you go to an institution that exists to educate you, and the individual responsible for counseling you regarding what you should to after exiting school, then yes that is effectively an accurate description of what is happening. It is predatory in every sense of the word.>so your answer is to be a violent nigger?Not my answer. The answer that is empirically evident. Push the people that were guided into debt slavery to their limit. I dare you. More than half of them are radical communists now anyway.
>>534652078>What's your incentive in demanding that student loans be repaidare you fucking stupid? do you hear voices? you should go to a psych ward because I never said that.dont pay your student loans if you dont want to. but dont be surprised it will be used against you, that's what a contract is; it was all written prior. fuckwad.>>534652079>the heckin gubbmint shouldnt let citizens make bad choiceswow, you want to outlaw cigarettes too? you want a nanny state?>>534652111>Emotional argumentkek>>534652145>violent nigger award
>>534652172>exists to educate youyes and they did that, they fulfilled their part. why do you want them to just take care of you after for nothing in return? its such a strange ask. like you're asking someone to just take care of you forever.>>534652172>bullets are cheap, I just said irrelevant stuff for no reasonah okay you are more retarded than I thought.
>>>534652078>>What's your incentive in demanding that student loans be repaid>are you fucking stupid? do you hear voices? you should go to a psych ward because I never said that.>dont pay your student loans if you dont want to. but dont be surprised it will be used against you, that's what a contract is; it was all written prior. fuckwad.>>>534652079>>the heckin gubbmint shouldnt let citizens make bad choices>wow, you want to outlaw cigarettes too? you want a nanny state?>>>534652111>>Emotional argument>kek>>>534652145 (You)>>violent nigger award
>>534652181that's a little more than a bad choice. in the business world this would be called fraud. however since it's the government it's just a normal program.
>>534652376I mean this very honestly, you didn't quote what you mean is fraud. Where is the fraud? when you signed off on student loans, there are conditions; that's all it was. There were no lies.
>>534652324>yes and they did that, they fulfilled their part.Obviously not, because if they had then this problem would not exist. You know guidance councilors are for high schoolers right? Colleges have "academic advisors.">why do you want them to just take care of you after for nothing in return? its such a strange ask. like you're asking someone to just take care of you forever.>ah okay you are more retarded than I thought.Let's see where this stale deprecating rhetoric gets you. Like I said, the mass shootings will be glorious. Drive people to the edge from cradle to grave solely for profit. What could go wrong?
>>534652468>for every educated person, there must be a MAGICAL JOB OUT OF THE AETHER FOR THEMdelusional thinking, not worth a conversation.
>>534650720The point of school since the beginning (in America because before that doesn't matter) is to be a better minister of the Good News of Jesus Christ so it's the same in places like China today where if you won't be useful then it becomes a case of izzat with no inventions. Non-inventors not need apply, now and forevermore.
>>534652462>There were no lies.The lie is thus: Going to college is an investment in your future. The borrower went into debt expecting a payoff for this investment. The investment did not pay off. Why should the lender's investment pay off?>>534652525Like I said, I'll enjoy watching you retards get shot by communists.
>>534652595you get shot by communist then u go to mental hospital
>>534652595>investment in your futureinvestments have risks, they are not guarantees. investments can fail. why is this so difficult to understand.>The investment did not pay off.yes, you are understanding more of the "investment" on both sides here.>Why should the lender's investment pay off?Why can't they execute on the contingencies and conditions of things that will happen if the lendee fails to pay? why is the contract just void because the lendee failed to pay and is heckin SAD because they failed? sounds like the borrower is more of a fraud.>>534652595>I'll enjoy watching you retards get shot by communistsyeah bro, the USSR is making a mighty return
>>534651383If you were stupid enough to loan someone money it’s ok for them to trick you and never pay you back. Get fucked retard
>>534652525Then you have answered your own question. In a world where only a few get jobs. Only a few pay back their loans. Cope and seethe.
>>534652713>it’s ok for them to trick you and never pay you backdude, its fine. don't pay. but dont be surprised the consequences that were promised in the contract happen lol. there were never any lies, nobody is responsible for your incompetence.it's undischargable, your loans are not going anywhere. if you can't bear the consequences then fuck off and join the french foreign legion. otherwise, enjoy getting garnished and not qualifying for a mortgage. because you proved to be a piss poor borrower
>>534650720>3 monthsimagine paying back a predatory loan used to attend a for profit school that scammed you out of thousands by using bullshit grading metrics with zero transparency.
>>534652700>why is this so difficult to understand.Because the lender's investment failed, and yet they still expect to be paid.>why is the contract just voidBecause the contract was presented to the borrower under false pretenses.>yeah bro, the USSR is making a mighty returnDid you start sweating when Luigi happened? You'll see more of his ilk very soon.
>>534652462I'm going to sell you this car at a very good rate, however I have ensured that it will be disabled and unrepairable after 3 weeks. I have not also disclosed this in the contract. what your saying may be different if it was a private lender, but it's hard not to see the govt loans as fraud. you have someone selling the ticket to entry and controlling the conditions of outcome. in most industries this is a conflict of interest and not permitted.
>>534652700Unless they bring back debtor's prisons, loan defaulters really have nothing to worry about aside from the risk of hearing whinging from bootlickers like you. Does it make you sad that the lender has failed to make a sound investment? Are you gonna cry? I think you're crying, awww. Booohooohoooooo!
>>534652807Just throw the mail away and never answer the phone you should hate yourself for being an easy mark. Don’t give out money if you don’t want to lose it haha
>>534652826kek, braindead. you can choose not to pay, i understand someone has to repeat something so many times for you to understand. but again there are consequences for not paying, simple as.>>534652827>I have ensured that it will be disabled and unrepairable after 3 weeks.Stupid fucking idiot, you think the people issuing student loans runs companies' HR for hiring? you have such a simple brain. they're not responsible for you getting hired you either you fucking moron.
>>534652893>debtors prisonlol, lmao eben. it's not 1932 anymore.
>>534652965yes
>>534652965>but again there are consequences for not payingWhereas I am telling you that there will be consequences for those measures as well. Enjoy.
>>534650720>How can we punish borrowers and force them to pay up?u r a kike
>>534653018>>534653020lmao, stay poor.
>>534651549Technically, it wasn't the government promising those things. It was the university and education industry. If anybody should be forced to pay these worthless loans off, its the universities that promoted them. They can yank the diploma if they want as well, won't mean shit since diplomas are worthless.>>534651872>Every guidance councilor in every school made that promise.Sue the guidance councilor then. After all, she technically defrauded you.
>>534653070U belittle Anon u go to mental hospital
>>534653134>Technically, it wasn't the government promising those thingsGovernment paid employees in a government funded school.>If anybody should be forced to pay these worthless loans off, its the universities that promoted them. Correct, but getting them to cough up the money is about as likely as squeezing blood from a stone.
>>534650720Still waiting for Biden to forgive them (tax workers to pay off the debts)
>>534653223>but getting them to cough up the money is about as likely as squeezing blood from a stone.technically these borrowers' kidneys could pay for it.
>>534651225>do the needfulNo saar
>>534653070I'm employed with no debt, and do fine for myself. I can also see how predatory the student loan system has become, especially with non dischargable debt. it is a very corrupt program that has allowed tuitions to skyrocket while education quality has cratered. it is a jewish weapon again Americas young adults and you cheer for it? true crab bucket tier mentality.
>>534651515But they can't take physical metal ;)
>>534653223>Correct, but getting them to cough up the money is about as likely as squeezing blood from a stone.Oh yeah, no doubt. But it can be done. We can start by firing every single guidance councilor in the country (education industry shills), and forcing colleges to enter payment plans to pay off their pupils debt. If they go under, then you go directly after the college and university staff and other shit like textbook companies. This is how you actually pay off the debt.Debt forgiveness will likely have to happen, but it shouldn't be done until the education industry is raped for its manipulative lies.
>>534653431yeah you do so fine for yourself that you whine and seethe about student loans with a temper tantrum, makes sense.
>>534650720I haven't paid mine in 15 years and never will, scam college.
>>534653288>technically these borrowers' kidneys could pay for it.You keep saying things that make me wonder if you realize how easy it is for desperate adults to meltdown in a country where there's twelve firearms for every person. I've been looking forward to the day when people realize that a van full of armed chucklefucks does a lot more damage than a lone wolf shooter. I don't think America is ready for the day somebody rounds up six Luigis and loads them into a Chevy Express.
>>534653806haha yeah bro this is how an employed person with no debt that is "doing fine for himself" talks like. just like that, very sane and non-psychotic talking points you have there.you're a fucking violent nigger asking to kill innocent people. you can't even take a joke.
>>534653903Double check post IDs retard.>asking to kill innocent peopleYou pitched harvesting kidneys. Don't talk to me about "innocence."
>>534653993>Double check post IDs retard.damn you got me, i'll admit fault.>>534653993>You pitched harvesting kidneys. Don't talk to me about "innocence."oh yeah im sure the student loan contract mentioned kidneys. god you're so fucking triggered dude, relax and be poor.
kek notice how once I figured out that dy/leNNv is some Sallie Mae faggot crying about loan defaulting, he/it stopped replying to me? many such cases! sad!
>>534653288The borrowers are not the problem here. The problem are the people who promised a lie. In business, this is called fraud, and it is punishable with criminal penalties. The people who suggest college is required to get a job, or college will help your career in any way, should be held liable for fraud. No different than somebody selling a fake product, or intentionally misrepresenting a company's financial position to defraud investors.Make the universities and the education industry pay for all of the fraud they are committing. Then we can talk about the culpability of borrowers.
>>534654075I'm going to enjoy the day men in jackboots string people like you up.
>>534653431Fren he is a shill and/or a retard. Bless you, for trying though.
>>534654117>im entitled to money because degreeI have poorfag borrower fatigue, just fucking suffer.>>534654140>everything I disagree with is either shilled or retardedyou are always 100% correct! believe everything you think, you are the arbiter of reality. just believe in yourself bro! nigger.
>>534654126lol good luck bro, i'm sure you'll manage to do something in your childhood bedroom you never left.
>>534654117>Make the universities and the education industry pay for all of the fraud they are committingWon't happen but I agree with the sentiment. my alma mater kicked me out for not getting a covid test every day, and then had the audacity to say I owed them $10,000 in unpaid fees for the semester I did not subsequently attend. kek.
>>534650720Ban usury, denaturalize all jews and muds, liquidate their assets to pay off extant loans of all citizens, and then deport them all. After than, interest on loans can't be more than 1.5%, and is therefore incapable of enslaving anyone through debt. If we're going to keep the 14th amendment we should be wary of economic slavery too.
>>534654117statistics back the claim that college helps your career. People with degrees do make more than people without.
>>534651394>It’s a pretty easy problem. You gambled and gave out a bad loan, you lost. you can't make them pay it back and you can't do shit. The borrower will keep the money even if you failed to not be a negative value kike.
>>534654250>I have poorfag borrower fatigue, just fucking suffer.Wrong nigger. I'm not in any college debt because I went to community college and got a nursing degree like a nonretard that understands personal finance because I ignored my english and nigger history classes and read about investing and finance instead.. I'm just telling you that lying to people about a product is fraud. If you don't punish fraud, but instead punish the people who get tricked by fraud, you are setting the precedent that fraud is okay, and you become India with scammers everywhere.You know how commercials about stocks and bonds have to put that disclaimer about it not being investment advice and all investment involves risk that could result in loss of principal? We need that shit for colleges, and it should be something that is jackhammered into people's minds from pre-school onwards.
>>534654529>because I went to community college and got a nursing degree like a nonretard that understands personal financethat was a good choice, I mean it.
>>534651383>why hate the lender?Because the lender has negative value to society who has no actual money to loan you, whenever a loan is made the money is printed into existence by kikes.
>>534650720Debtors should be rounded up and sent to work camps until debt is paid.$7.25 is hourly rate.
>>534651597you are posting from a phone, which means you have internet, which requires some amount of disposable income. Either that, or you are izzat VPN posting on multiple responses here, which is the obvious answer, but I'm going out of my way to make it clear because only a retarded brown izzat would think what you said is an own.You don't get FAFSA and other loans without signing a contract. Not honoring your word, which is implied via the contract and legitimized via the signature, is the most brown, izzat, and jewish shit imaginable. If you want to be an honorary wall-kisser, be my guest, but considering we're about to repeat post-Weimar, that's probably a bad bet.
3 options:1. Kill the people who gave the loans.2. Kill the end recipient of the loans.3. Kill both of the above.
>>534654278It's funny you say that, since my parents couldn't afford the constantly rising property taxes of my childhood home before I even left college. I'm glad you've demonstrated you don't actually know what's happening with the economy or living standards though. It's good proof that you're out of touch and probably an easy target for whatever flavor of psychotic mass-murdering radical group that decides to go apeshit first.
>>534651383Because they were tricked by the whole of society. Going to university was the next step on the rail they had been on their whole life. There was no real choice, just like how you don't choose to go from one school year to the next.
>>534654350Yes, but that applies to only certain degrees (like mine) and don't apply to others. Colleges need disclaimers just like any other investment vehicle, and in the same way that we should be marketing leveraged options to teenagers, we shouldn't be marketing the educational equivalent to them either.>>534654566I know. I even got into a verbal argument with a college shill counselor roastie in my class who was telling everybody there to go do a four year degree at some fancy private school. I was literally yelling at the cunt before I got kicked out. I've seen what debt does to people, and this subhuman low IQ cunt was telling kids to take out thousands of dollars in undischargable debt for "experience". These people need to be stopped if we want any hope of fixing shit.I was raised and taught to never take debt worth more than your networth, and lots of people weren't. Finance classes should be fucking mandatory from grade six onwards. It would go a long way to stopping jewish money power.
>>534651394Imagine the following scenario - I take out a loan with a bank to start a small business, say, I dunno, a sports bar, whatever. I get my business set up, and then bafflingly I find out that the bank that gave me the loan has been actively undermining my business - they funded my competitors, bribed a health inspector to give me a bad report, used their influence with the city council to get my parking lot closed, and their cousin in the revenue department revoked my liquor license. Should I repay the loan? Of course not - hell, I should sue for fraud or demand that the DA slap them with corruption charges.So why is it different when the bank in this scenario is replaced with the government?
>>534651515Imagine if zog garnishes wagies instead of frezing migrant accounts (just pretend they are cartel - 100% legal, no recourse)
>>534652807>dude, its fine. don't pay. but dont be surprised the consequencesThat *is* the consequence dumbass. Lenders are negative value humans beings who are legitimately of more use to society dead than alive, who artificially lower the quality of life by what fractional reserve banking does, and people telling them to piss up a rope when they want "their" money back is the consequence.
>>5346547194. Kill yourself
>>534651975Why do you think grooming is illegal, because children are not mature or responsible enough to make such decisions. Society basically groomed young people to take out massive loans that would shackle them with a life of debt slavery.
>>534651394>You took out a loan you pay it back!Oy vey!
>>534655565In total, about $800B in PPP loans were forgiven. Even the most optimistic estimates suggest only about 10% of these actually went towards keeping people on payroll at small businesses. The other 90% was all politicians and big business.
>>534651394It’s a pretty easy problem. Put all the lenders in concentration camps and then you won’t have to repay the loan.
My oldest is starting college next Fall the Sallie Mae and other shit that comes in the mail is like a fucking tsunami to get him into debt. 2-17%(!) apr loans. Utter madness. 2 year degree is free here and his 529 plan can cover the rest when he transfers. I went for free (ZOGbot) and having no (((debt)) was great. The system is wholly predatory.
>tap
>>534654705you will get zero dollars, no jew deserves to be paid back. It is dishonorable to give jews money u der any circumstances.
