What I Don’t Understand About College Loan Debt

So, let me get this straight. A person goes to school to learn stuff and hopefully become smarter.

Once they’re done, they can’t figure out how to solve their own problems and fulfill their own obligations? So, what exactly are they learning and paying for?

How does that make sense?

Maybe, these graduates aren’t as smart as they claim?

Maybe college is a pyramid scheme, held together with socialist ideas as a farce?

Secondly…

From what I’m told (I have no first hand knowledge or experience) that the majority of colleges and universities in America are heavily tilted to the left. Also, the majority of professors and students and faculty support a Socialist future. Yet college is one of the biggest expenses a person can undertake.

So, these students, faculty and professors either pay into or directly profit from these student loans with astronomical rates, yet they want socialism?

What am I missing here?

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49 thoughts on “What I Don’t Understand About College Loan Debt

    1. bottomlesscoffee007

      I hear that Jeanne. I just don’t understand why these adults are too dumb to figure out how to pay their own debt. Especially after college, they are the future, aren’t they?

        1. bottomlesscoffee007

          A definite possibility. Why else would they attend a school, where by the time they come out, they seem more helpless than when they left?

  1. hawk2017

    Not much. Delusion fills these leaders and the students have selfies. My youngest grandson graduated in December from the local university. He is building his portfolio now. He is a graphic designer. I live in the part of the country that has not, at this point,gotten so ugly. My grand has worked these years to pay half his way, per his dad’s insistance and grants. He said most of his prof. s are not there to teach. He went online most of the time to find a way to understand the premise of many subjects. He was paying them to do nothing.:( Thank our God he didn’t have time for that stuff.:))

    1. bottomlesscoffee007

      Sounds like a smart young man Hawk. At least he ain’t waiting around, he’s taking his life into his own hands.

      1. hawk2017

        Because he was required to have the university credits to recieve the degree he wanted. He was very determined to learn and not just pass. He held a 3.5 for the four years. He had his own client before his graduation. He is very meticulous in his art and his designs. But any company requires a degree.:))

  2. Unfortunately most companies require a college education. I graduated with a bachelors degree in 1997 and never worked in my respective career. However, I do believe it helped me get a decent job with decent salary and benefits. I did have some student loan debt, but it wasn’t too outrageous because I attended community college first and received some grants. My son is now in community college which saves us a ton of money. My hope is that he will get a good paying job once he graduates. Trade school is a definite option for those willing to work on a trade. Otherwise, college is the best option to achieve a larger pool of wealth and by that I mean salary, retirement matching, health care and paid time off. Most of these things are not available to unskilled workers. Just my two cents.

    1. bottomlesscoffee007

      I can understand that Feather. Although, I’ve seen firsthand welders and pipe fitters making $100k+ as young as 22 years old.

      So, I think the outlook relies on the individual, rather than the education level.

      At the same time, there’s always the military. They pay for a full ride, plus a stipend for food and rent.

    1. bottomlesscoffee007

      I can understand, at the same time, what is being taught if people can’t seem to plan and budget?

      If these people can’t figure out how to pay their own debts, what does that mean for the future of our country’s debt?

      1. I don’t think budgeting is the main issue. If you have rent to pay + expenses, there is not much room to budget for school loans.
        The problem is with people having such huge loans in the first place.

          1. I understand what you’re saying. But if we are led to believe that you won’t get a good job unless you get a degree… Plus, some people want to get a degree for the sake of having one. I don’t think that shouldn’t be achieved just because of the crookedness of the system.

            1. bottomlesscoffee007

              Yeah, I understand. But at what point does their problem and bad decision making become all of our problem?

            2. bottomlesscoffee007

              See that’s the thing, often times you don’t learn until you pay. If their debt is forgiven, at what point will they begin to make better decisions?

            3. bottomlesscoffee007

              You see that’s the thing. Instead of these people taking care of themselves, the rest of us are punished.

              At what point do people become adults and face what they have done?

    1. bottomlesscoffee007

      A buddy of mine had sent me another article about that very same issue a few days ago. And that’s what I’m talking about Victoria.

      I mean what, 2007 or 2008 was the last huge setback/hit? Less than 13 years ago and people still cannot remember. It’s a conundrum that will always plague us, humanity!

        1. bottomlesscoffee007

          Exactly, and credit and loans don’t help much either. Money used to be worth something, before everyone lived on credit.

  3. People have been told over and over that they should expect a certain standard of living and if you can’t afford it, you get it on credit. This is a socialist idea, that we should all go to college so we can all be ‘educated’ and have a certain standard of living. This is part of the idea that one must have a certain lifestyle to be happy or consider life worth living. Consumerism promotes college promotes loans promotes consumerism. The idea that one can be happy with a low paying job, an old car, a small house, etc. etc. is considered crazy. However the Bible teaches the opposite. That we should seek first the kingdom of God, not material goods, that riches bring a snare, that greed and envy are sins, that godliness with contentment is great gain! All socialist ideas lead AWAY from God. In fact Eve decided to eat the apple because the Devil told her it would make her WISE. People today are too focused on being smart and not godly.

    1. bottomlesscoffee007

      I’ve never heard it put in that context before PK. I will say, the less stuff we have, of our own volition of course, the easier and happier life seems to be.

      A small house doesn’t take as long to clean, or as much to cool or heat. All automobiles depreciate rapidly.

      I heard something before that went something like this. I don’t know if it is scripture or not. I’m going to butcher it, not on purpose though.

      “God says to rest on the sabbath, unless your donkey is in a ditch”

      Have you ever heard something similar to that? What I got from it was, you need to set aside one day a week to rest and worship, unless you find yourself in a hole, if you are in a hole, dig yourself out so you can rest and worship.

      The whole standard of living is an insane concept. All anyone needs are the bare essentials: food, shelter, clothing, community and God. I might’ve messed up in this comment, but I hope you understand what I mean.

      1. You did fine 007. Yes, he says to rest once a week like He did on the 7th day after he created the world. So the Jews took that to the extreme of absolutely no work, like not picking up something you dropped. But if your donkey fell in a ditch, you could save it. Lol! People love to add to God’s words and make religion out of his love for us. He wanted us to rest FOR OUR GOOD. Because he knew we would tend to be greedy and push until we destroyed ourselves. He also wanted us to rest to show that we TRUST him to provide even if we take a day off. In Moses’ day, God told them to gather enough food ( manna) for 7 days because there would be no food given on the 7th day, but people still went out looking for it! People can be pretty dumb, just like nowadays.

  4. I believe that student loan debt is the sole responsibility of those taking on that debt, but that’s my opinion. And that is where the problem lies, universities don’t let student’s know what they’re getting into when they apply for these loans, especially for students who don’t qualify for grants or scholarships. I mean really that in itself should be a semester of financial responsibility courses. I have a lot (and I do mean a lot) of student loan debt that I took out for both my undergrad and graduate degrees. As many here have mentioned, my bachelor’s didn’t get me the job I wanted or needed to make ends meet. But after receiving my Masters I got into a decent paying job and I qualify for a loan forgiveness program because I work for a state university which is considered non-profit. But there’s a catch to this loan forgiveness program, you have to make ten years of consecutive payments to have what remains of your loan forgiven. But I own my debt, I pay for it and I worked hard to get my degrees. Its unscrupulous students who take out loans over more than what they need and splurge on things that don’t relate to school. I know this first hand because an ex-coworker of mine did just that. She still hasn’t graduated with her undergrad degree and owes more student loan debt than I do for both my degrees. It’s infuriating to watch people like her take on these loans and then have no idea how to get out of this debt when her bill comes due.

    1. bottomlesscoffee007

      You’re right Huntress. I would think that if I got bamboozled, I probably wouldn’t make the same mistake again, especially if I’m made to pay.

      But if your never made to pay for your mistakes, chances are it’ll just keep on happening.

      That’s why I think more and more people are buying into this idea of socialism. They see it as a way to avoid owning up to what they as individuals did.

      I can appreciate that these lenders might have used “questionable” language or methods, but at the end of the day it was all legal and backed up by law. Also, no one was ever forced into this.

      We all gotta decide for ourselves if “the juice is worth the squeeze”. And in the end, if these people can’t figure out how to satisfy or fulfill their obligations, then what really can they do for us?

      1. I think socialism is a horrendous idea. I think of how certain people say we should have government run health care, pay for EVERYONE’s college and easy-peasy. Well not so fast, where is the money to pay for everyone’s everything going to come from? And history has proved socialism doesn’t work, I mean Marxism for god-sake hello? Did that work? NO, no it didn’t and then somehow evolved into communism and we all know how that ended.

        As for the student load debacle, your right if people can’t figure out how to fulfill their obligations, financial or otherwise we’re all in a mess of trouble.

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