What should be done to punish them? The long-term delinquency (9+ months of non-payment) has already risen to 9%, and it continues to soar, with many more people in default (delinquent, but by less than 9 months in a row). Why are American student borrowers such lazy deadbeat assholes?
>>537677333It's a rebellion against Kronos.
>>537677333They literally can’t afford the new payment plans; imagine signing up for a mortgage with an agreed payment plan then having the government retroactively decide to double your payment plan for vibes. Student loans are the only loan where repayment terms can be changed retroactively. It’s stupid and has happened like four times in my memory. It’s how they keep the normies as indentured servants.
>>537677333this is not the fault of politics by the way, this is all the fault of politicized education, meaning there are countless useless degrees you can get these days and waste your time and loan onlike all things leftist, they create these mindnumbingly retarded problems then demand daddy government to bail them out so they can continue to make everything more retarded
>>537677333Im broke. Sorry.
>>537677333>Boss says I have to have degree to get an interview>I get degree>Boss gives me interview but won't pay me enough to cover rent, let alone the degree he demanded I get>all bosses are doing this>stop giving a fuck and just focus on trying to get to tomorrow>for decadesPeople should start handing their student loan bills to their employers
>>537678660The Trump administration is actually going soft in terms of collections. The feds have a lot of legal tools to recover defaulted student debts, from wage garnishments to judicial liens against property or other assets. But Trump's Department of Education is not pursuing those options yet. It's very cucky. That money is owned to taxpayers.
>>537677333Imaging keeping money in a bank stupid enough to loan to 18 year olds regardless of race, culture, occupation, area of study, history of employment, willingness to work. Let alone economic job demand. Sounds like... well... i'm not sure what I can say.
>>537678839Why would the taxpayers give their money to students who can never pay it back?Guess they're just going to have to take the L
>>537680925>Why would the taxpayers give their money to students who can never pay it back?Why not? We gave billions in PPP "loans" to businesses, many of which scammed the system. Those loans were later forgiven.
>>537677333Lenders should just take the L. They gave loans out to people who they absolutely knew wouldn’t be paying them back. These people had no jobs upon creation of the loans and the degree they went for had no jobs to offer them. This is entirely on the lenders, who gives a fuck if it’s federally backed, you still gotta do your own due diligence.
>>537677333Ban financing education. Don’t let anyone borrow money from a bank and stop state sponsored financial aid programs and the price of education will drop. Without the financing available the schools can’t charge exorbitant prices and there will be a lower nigger population at universities because they can’t qualify for gibs
>>537677333Draft them to die for israel of course!
>>537678323Wait until you hear about ARM loans.
>>537678323The new payment plans are because the retards just didn't pay their loans for a few years because of the wuflu. They thought not paying a loan meant they didn't owe the money, and Uncle Sam disagrees.
>>537677333stop importing pajeets
>>537677333At least some of us are trying to do something.We could be trying to commit fraud but no we tried to better ourselves!Not that some aren't but considering OUTRIGHT fraud going on...
>>537680925forgiving americans in dept for being tricked into a system pushed by the goverment is way better than stupid shit like small business loans to foriegn pajeets, or PPP loans
>>537677333Nice numbers but no jobs = no money to pay off student loans. Boomers shouldn't have handed the economy over to foreigners.
Once you've paid the principal and 10% you should be let off the hook. Predatory lending has trapped people in decades-long debt and they're paying multiples of the principal in interest. Fuck that.
>>537680925Why would I give my money to boomers when I will never get it?
>>537677333>aren’tCan’t FTFY
>>537687344Student loan obligations have nothing to do with 'Boomers.' A federally-backed student loan is an agreement between the borrower and American taxpayers. You're not stiffing 'Boomers' or 'the banks' by defaulting on your loans. You are cheating taxpayers.
>>537687782Those student loan borrowers pay a large percentage of their income to SS and Medicare. Programs that benefit boomers that they will likely never see. Boomers who also had massive amounts of education credits and funding when they were kids and cut it when they were old. So yes this does have to do with boomers.
I'm gen x and I got mine. Good luck, losers!
>>537677333Meanwhile Trudeau gave pretty much all the students interest freeze on their student loans.I hope that man creampies Katie Perry's dried out pussy real good, he deserves a break.
>>537678839>The feds have a lot of legal tools to recover defaulted student debtsHow are you going to "recover" money from people who aren't being paid enough to afford rent, let alone student loans. You take any of their money, they'll just say "fuck it" and stop working entirely. Which an alarming number already have.
