The US total population is about 340 million. Those 18 and older is about 254 million.
With 5.3 million defaulted, that means 1 of every 68 adults has defaulted on a student loan.
At any given time, a large grocery store has 1-5 people who defaulted on a student loan.
There is clearly something wrong with the US society with that many people who can't pay for an education, which is needed to barely get a job.
Once again I'm happy to inform you that yes, it's Ronald Reagan's fault. Damn his evil soul.
In pants shitting fear of "Creating an Educated Proletariat" Reagan took our system of basically free college and turned it into this mess we have now.
(P.S.: If you piss on Ronald Reagan's grave in California and are caught by police its a misdemeanor charge carrying a $1000 fine. I don't know about you but I can budget for this particular bucket list item)
Yup, my parents paid for tuition, books, leisure, food, and board working a summer job.
I had to use the GI Bill, a part time job in fall, winter, and spring, full time job in the summer, doing almost no leisure, money I saved up while in the military, and money my grandparents gave me
Joe Biden was the Senator most responsible for making those loans undismissible. There is plenty of blame to go around.
And that was the last thing he ever did regarding student loans. 40 years ago. Nothing since. The end. 🙄
Do they do group rates?
And Reagan adopted his policies from the owner class think tanks. They worked for decades to create the conditions and people needed to realize what transpired under Reagan. 🥲
If you piss on Ronald Reagan’s grave in California and are caught by police its a misdemeanor charge carrying a $1000 fine.
I mean if I was a millionaire YouTuber who farms outrage, based somewhere other than the US, I know what I'd spend a hundred thousand on...
As it stands, I'm not American and don't live in the US, so I can't really partake in the fun. I hope some people do, though.
and the answer to this problem? let's kick those already on the floor!!. fuck yeah murica
This cunts daddy paid for his college were he bought his degree of course he lacks empathy for normal hard working people
Didn't this guy default on most of his loans several times?
He could raise money by taxing billionaires who wouldn't suffer but he goes after people who took out loans for education. He also looks especially toad-like in that image.
I don't know how anyone can be optimistic about this economy. This isn't death by a million little cuts. we are headed for an unprecedented economic depression.
The guillotine got applied to the economy instead of the... Proper target...
This ain’t nazi sympathizing Reddit bro - you’re allowed to say that a treasonous Russian asset in our government deserves to be executed by guillotine, even if somehow that treasonous Russian asset is the president.
As a transgender man who served 3 of my 4 years of my TEACH grant before my state made it defacto if not de jure illegal to be a transgender teacher -
I’m fucked lol. I’m just going to have to work under the table the rest of my life. My billionaire ex managed to dump his credit card debt on me, so I’m fucked hopelessly. It’s entirely legal to fire me for being trans in any job. Doesn’t matter whether it’s cleaning vomit after a basketball game or working at a group home - my uterus renders me a non human.
If I do lose my apartment, I’ll make the news in the best way I can though.
You may just want the leave the country at this point my dude
I really want to keep my books. I love my books and leaving them behind would feel like death. I’ve thought about Costa Rica or a few other places. The cost of the plane ticket is unrealistic; the likelihood of getting the books over is doubtful.
I’ve realized that I probably won’t survive this administration, and I’m just going to go down fighting. I lost everything I care about, and the least I can do is try to make it so no one lives a life like mine again.
Uhaul -> Canada
Canada doesn't want poor (let alone trans) refugees any more than any other country wants poor refugees. It's a much more progressive country than many, but "just leave" isn't any more of a realistic option for persecuted groups under Trump than it was for the same groups under Hitler.
Running away and giving up. Is cowardice. Don't give these people that pleasure. We must rise n fight back. Collect yourself, prepare and just be ready. 1860s isn't far off and if its our turn to lead a revolution then so be.
Fuck the traitor rapist felon Donald Trump. Dude deserves capital punishment for treason.
Running away and giving up. Is cowardice.
Standing proud and dying in a gutter and being forgotten because a cop decided to break your skull open for the fun of it is not courage either.
Nah I'm good. I'm watching how things play out, and if it gets that bad I'll just rebuild my life in another country. Already got approved for Express Entry into Canada.
That's a reasonable thing to say, but not to trans people who are being actively persecuted by the US government. I cannot imagine how difficult it must be in that situation and it is the responsibility of society to stand up for trans people.
I disagree.
If you're being targeted then you fight back. Im willing to fight and die for their freedoms but they aren't. So people will ask themselves why should I fight for them if they dont even wanna fight but run away? Cowardice from any group is unacceptable.
Literally just bunker down and prepare yourself fleeing somewhere isn't gonna be any better considering how so many countries are at war and there is civil unrest.
But to each their own. When the revolution begins I'll be there. I bend the knee to no traitor fascist rapist.
So 5.3 million Americans are going to be given less incentive to work and less to lose?
Maga won't be affected by this.
Maga doesn't "do" edumacation.
Oh there's a small minority of them and I'm sure they'll be on Facebook complaining about how unfair it is and how they're not hurting the right people.
They do tend to be whiney people after all
I hope all the zoomer dudes who voted for orangeboi enjoy this delightful financial punch in the dick
Trump supporters can't even read, much less take any kind of higher education degree
While that may be the statistical correlation, it’s not true as a blanket statement
lol, you think most of those guys went to college?
I think you’d be surprised how many of them did
Roughly 2.9 million people who have student loans are age 62 or older. I'm very curious as to how many in that demographic are within this defaulted status. Mostly because any change in social security benefits for a retiree is life altering and if any significant portion of that group that's defaulted is also this 62 or older group, the changes this will have a massive impact on the population. Retirees that get caught into money troubles not only brings them down, but usually the family that ultimately has to catch them from completely falling through the cracks.
If this affects retirees i hope they choose to protest with open carry in front of government buildings rather than letting themselves get homeless and starved to death.
An American hero in the making. /s
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