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Alarming Posts About How The Student Debt System Affects People’s Lives And It’s Terrible

The student debt crisis has become one of the hot platform topics for candidates on the 2020 election circuit, but for the people it affects it is more than a campaign strategy. Tuition and fees at public and private schools rose at roughly three times the rate of inflation between 2007 and 2018, according to a College Board survey. Borrowers currently owe more than $1.5 trillion in student loans, an average of $34,000 per person.

The list below is a collection of tweets from people explaining how the U.S debt crisis evolved to this point or sharing their stories on how student debt has impacted their lives since graduating - and they may shock you or be sadly relatable.















3 comments:

  1. Debt of this nature smells of money controllers greed. 25-30 years ago money monkeys, investment junkies, bankers and those using others money for their financial stability were seeking avenues for carving another piece of middle American pie. Student loans mostly had parents/grand parents co-signing and were more secure and appealling to lenders having solid collateral. Later on money-junkies realized they were missing out on billions more if standards were relaxed. Predatory interest rates abounded as millions of students seeking 9-5 jobs fell into the trap. Thinking college would make them more aped to secure higher paying middle/upper managment possitions. Counting on this logic therorizing being in a much better place then HS grads taking sales/vocational/cubical jobs. Abolishing loans is not fair to lenders without some sort of compromise. All interest/penalties should be thrown out setting sights on collecting what was loaned not stagering amounts of interest/penelties. Term payments guide lines should be adjusted to monthly amounts not exceeding $100. Amounts for those fortunate enough to landing higher end positions could be assessed at higher levels depending on case to case situations. Incentives for earlier or higher then assessed monthly payments could be employed but not to be swayed to lining money usurers pockets with no interest/penelties at all. Some of these students were bad investments, those putting up the money for them should be the losers not piled on top of someone who just can't make it.

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  2. Nobody ever paid off a debt for me. I understand these people feel victimized, but paying off their loans with taxpayer money is unfair to the rest of the population who didn't rack up these insane levels of debt.

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  3. Aren't student loans the largest asset on the government's balance sheet?

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