Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How can teacher making 53k a year pay back his loan?
I can’t afford it to pay back my student loan debt.

If only there were some way you could have known how much debt you would have and how much you would make?

Why should tax payers reward the dumbest amongst us? If you’re unable to honor your loans that’s on you. And you’re an incompetent moron.

Anonymous wrote:

Anonymous wrote:How can teacher making 53k a year pay back his loan?
I can’t afford it to pay back my student loan debt.

If only there were some way you could have known how much debt you would have and how much you would make?

Anonymous wrote:

Anonymous wrote:How can teacher making 53k a year pay back his loan?
I can’t afford it to pay back my student loan debt.

If only there were some way you could have known how much debt you would have and how much you would make?

Anonymous wrote:How can teacher making 53k a year pay back his loan?
I can’t afford it to pay back my student loan debt.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Way too many ingrained cultural issues to fix before we consider student loan forgiveness. You’re not entitled to the equivalent of free rent (forgiving loans for room & board), sorry. The vast majority of 18-year olds are way too immature to be away from home anyway, and unless they can prove they’re being physically abused by their parents, they can live at home during undergrad just fine. If they want to move out that’s their problem but I’m not interested in loaning them free money to do it.

You do realize that some families kick out kids for 18 right? Like staying home is not an option for everybody.

They shouldn’t be kicking their kids out. Hopefully through cultural change they’ll understand that the kid will not have anywhere else to go if they do.

So we should build policy around an increase in multi-generational living?

Yes.

Anonymous wrote:

Anonymous wrote:There is also a social disconnect that isn’t discussed. The system assumes that parents who happen to be high-income for many years also went to college and that it has occurred to those parents to save for college. Well, in my case, there is no way it ever would or did dawn on my consistently upper-middle income parents to open a college savings account. They did not go to college themselves and neither did my siblings. I arrived to senior year of high school with zero college savings and ended up starting at a community college. My EFC was in the $40,000s.

That is how people end up in those debt situations despite being meritorious.

Just like a previous pp up thread, just because you had irresponsible parents does not mean other people do not need loan forgiveness. Your issue is best addressed with a therapist.

And to answer your question, no, there is no social disconnect. Every MC and UMC family knows the FAFSA assumes families will mortgage their homes and drain retirement to put kids through college. Instead of doing that they save money in 529s or IRAs.

Anonymous wrote:There is also a social disconnect that isn’t discussed. The system assumes that parents who happen to be high-income for many years also went to college and that it has occurred to those parents to save for college. Well, in my case, there is no way it ever would or did dawn on my consistently upper-middle income parents to open a college savings account. They did not go to college themselves and neither did my siblings. I arrived to senior year of high school with zero college savings and ended up starting at a community college. My EFC was in the $40,000s.

That is how people end up in those debt situations despite being meritorious.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is also a social disconnect that isn’t discussed. The system assumes that parents who happen to be high-income for many years also went to college and that it has occurred to those parents to save for college. Well, in my case, there is no way it ever would or did dawn on my consistently upper-middle income parents to open a college savings account. They did not go to college themselves and neither did my siblings. I arrived to senior year of high school with zero college savings and ended up starting at a community college. My EFC was in the $40,000s.

That is how people end up in those debt situations despite being meritorious.

No dude. There's not a whole lot of upper middle income (consistently!) people who didn't go to college themselves and hadn't a clue to save some money for college for their kids. Plus, if you were truly the first in your family to go to college and were so meritorious, you would have qualified for many 1st-in-the-family-to-attend-college scholarships. Those abound for people like you. Go get a job, be consistently upper middle income yourself (ask your parents how), and pay back your loans.

Those “scholarships” are only if you’re low-income as well.