Student loan debt and the older generation

[SteyrAUG]

I would agree that there's jobs out there requiring a college degree that a reasonably tuned-in high school graduate could probably perform.

Yep. Last time I checked there was at least one person in congress with a GED and then a "later in life" four year degree. There used to be one Florida house member who had an honorary degree.

So you can have a person who is pretty much a flunkie but if they are well connected it won't matter and they will still get hooked up with careers that an average person will never get close to.

On the other hand you can have a completely useless PhD that won't get you hired anywhere for anything if you don't have the right hook ups.

And I know plenty of people who only had high school degrees who got positions that technically required a four year degree but because they were competent and capable they got hired anyway and from that point on "experience in the field" kept them moving up the ladder.

But a bachelor of arts or bachelor of science no longer is a guarantee of anything beyond a teaching position like it once was. And the cost of that degree will usually be cost prohibitive compared to income potential. They own your ass 24/7 but military careers are once again best bang for your buck for most people if you choose the right MOS and are a capable person.

[Firefly]

Lack of a degree is not a lack of knowledge. I was fixing COBOL code as a summer job as a teen and I am here to tell you that you don’t need a degree to do my job (it certainly helps later). I don’t regret college, but it really has become diluted with the go nowhere degrees that got all too popular since the 80s.

Still, as it stands most adults don’t have a college degree at all.

[Renegade]

Insider spoke with borrowers with debt burdens they fear won't be paid in their lifetimes.

Take the remaining debt from their estate when they pass.

[Firefly]

Take the remaining debt from their estate when they pass.

Naw that’s a socialist move. I don’t feel too bad for unpaid lenders. They know they are conducting usury and should know who can pay back and who can’t.
None of these lenders make money by getting paid back on time and usually profit from people paying for years and years.

I vehemently oppose Inheritance Tax. It exists solely for the state to profit from someone dying and likewise seeks to stop generational prosperity and land ownership.

[Renegade]

Naw that’s a socialist move.

No, an Estate Tax is a socialist move.

Putting a lien on an estate for an unpaid debt is a basic capitalistic business practice.

[Firefly]

No, an Estate Tax is a socialist move.

Putting a lien on an estate for an unpaid debt is a basic capitalistic business practice.

No because the person is dead. At that point you are punishing their survivors which is socialist.

You should have gotten the money before they died.

[Renegade]

No because the person is dead. At that point you are punishing their survivors which is socialist.

A debt is a debt regardless of when it is paid back. That is how capitalism works.

By your logic, if a guy dies at 25, 5 minutes after closing on his house, a day after getting a car loan, the lender are SOL and the house and car go to survivors. Yeah no it does not work that way.

No survivors are punished, that is silly. Guy pays debt off day before he dies, or day after, survivors inherit the same amount.

Forgiving legally contracted debts is socialism at its finest, which is what the lefties are trying to do right now with student loans. No one is fooled by trying to avoid debt payment by dying early. Sorry Bernie.

[mRad]

Reward bad behavior, you’ll get more bad behavior. This is a truth, without a doubt. It should be common sense. You have to assume it is by design.


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[AndyLate]

My brother in law's wife has significant student loan debt from her Bachelors and Masters in counseling. It is a struggle to make the loan payments, order out every night, take trips, and support her pot head unemployed husband. She is a raging marxist, insists her loans should be forgiven, and of course feels the bern.


Andy

[Firefly]

No one is fooled by trying to avoid debt payment by dying early.

Wow. Like really wow.

Yeah. Yeah you got me. Really showed them by taking a loan and then dying early. I mean dying early was part of the plan. Dropping over stone dead and ceasing to be just to avoid a debt.

I sometimes channel my inner Gordon Gecko but dude.... Jesus Christ. Like Wow.

Okay