Yes

You nailed it.

I’m feeling it’s often a case of harvesting the human condition to the financial benefit of the ruler class, a well established olde euro playbook on USA level steroids.

And it always happens with Republicans and then they fight against the Democrats fixing it. I am 71, so tired of this. We need to get rid of the electoral college! I think it is the reason we are in such a mess.

​@@bettylynne7364you're not feeling that. You're seeing it.

Thank you! The college I went to did not teach geography

@@taimatsuko If you want to train your geography skills, try seterra online

Sorry the 100k$+ education didn't teach me simple geography...

Those renegade republics are alphabetic from north to south. Estonia, Latvia, Lithuania. Heading over to Western Europe, Netherlands is North and Belgium is on the Bottom. C'mon Americans, we can do it! You can be forgiven for struggling with the countries of the former Yugoslavia though, that does get challenging.

For a moment there I thought I wasn't going to be able to sleep tonight, thanks

Thank God they don't have your hole brain. I'm not sure what they'd do with a brain cell.

That's a laugh track

I think its a mix as they do have a live audience

Yes, exactly. We have it really good here. Honestly, the US could do that. Pay the loan back, but don't charge them interest.

🤯

3 weeks of a summer job paid for a year of college tuition... I can't even wrap my head around that.

🤯🤯🤯🤯🤯🤦‍♀️

but thats socialism! ;)

Finish your story by telling them who destroyed higher education, Ronald Reagan by defunding it in 1981.

So sorry for your loss.

I'm sorry for your loss. I also was only able to go to university after my mother died of cancer. She had only been tested and diagnosed by the 3rd doctor, the first two denied anything was wring. But by then it was too late. Yay for poor health care system and poor education system!

oh shit

At least you were responsible, many people would of spent it recklessly

Murca!

They deny it, therefore they do it as a matter of fact.

Yep

Private or federal loans? Federal loans were paused.

Do you have FFELP loans? Those, despite being federal loans, were not paused, nor were they eligible for any type of loan forgiveness. If those are the loans you have, you need to go to StudentAid.gov and consolidate your loans with the Dept. of Ed. Then, you would be eligible for the forgiveness programs. I had FFELP loans administered by Navient, but I consolidated them last year. I also have private loans, which are not eligible for any type of forgiveness. My wife had her federal loans forgiven through the PSLF program a few years ago.

Slaves cant have loans. Did someone tell you they can/do?

That can't be legal, right?! You can't just let interest sit for a decade without ever notifying the debtor of this outstanding debt. Like if you haven't made any attempts to collect for ten years you pretty much forfeited the debt imo. (And I'm pretty sure this wouldn't hold up in court either)

How is this garbage legal? 🤬

Nelnet basically did the same thing to me, I sent the money but oh no it took us an extra business day to process so instead of being fully paid off based off the day I submitted the payment, they tacked on an extra day of interest so my account on that loan wasn’t zero when it’s literally their fault they didn’t process my payment when I sent it in

If you want to pay it off, you have to request a payoff balance, which calculates the interest at the date your payment is expected to clear. Yeah, sucks big time.

And where is all that extra money going? It sure isn't going back into the education system to improve it.

I prefer to call it release.

@@RevyT-js7ui keep on dreaming

@@RevyT-js7uiit’s going into hedge funds that the govt is profiting off of

​@@RevyT-js7uiLockheed Martin to make more knife missiles

most of the world doesn't have this kind of problem. me as a KIWI had very little debt. No interest till you leave NZ

How much do you make

Your income should be high enough that you can apply a large portion of your income to repaying your loans. High income means less of your income has to go to living expenses.

That sounds horrible, considering that here in Czechia University is free (you still pay for dorms, but no tuition and studying in English isn't free but like 2000usd per semester)

then everyone is complaining why it is hard to find general practitioners. most doctors choose specialization that would pay a lot more money than internal med/family practice/general practitioners for a better return of investments

I’m about your age and had a similar experience. I took out loans worth $1500 and wound up with a $50 monthly payment. Granted, in the 1970s, the economy was in the tank and mortgages were at 14%. But it took me years to pay off that loan. I can’t imagine trying to pay off the cost of a small house when I graduated.

Graduated in 2018 with $80k in debt. First 2 years were at an out of state university and I had a scholarship for $10k/year that covered certain majors...decided to switch majors and my scholarship was pulled so I moved back in state for the last 3 years. But my new university didn't want to accept most of my previous credits and after lots of arguing with them, realized that the major I changed to would have taken me an additional 5 years! So i switched majors once again after talking with my advisor and we settled on the one I graduated with that only took me 3 extra years (5 years total between both colleges). My repayment plan is 30 years long and is $600/month. That's nearly half a mortgage payment! Just for a degree that I didn't want...because the alternatives were to go for 7 years of college total and probably graduate with $100k+, or drop out and still have $60k+ and no degree to show for it. I find it extremely sad that my generation, and the generations after me, will only pay off their student loan debt a few years before retirement. The education no longer pays for itself...it's not an investment in our future...its a ball and chain keeping us paycheck to paycheck until we leave the workforce. And just imagine how much more I could be contributing to my retirement fund if I wasn't making these ridiculous payments for the next 25 years?

I'm a self supporting, poor community college student. I desire to transfer to a university And obtain a bachelor's degree in physics. Ultimately, I want to be an Astrophysicist. Would you support me winning a full ride scholarship or grant? Or being awarded with a $10 million education grant?

Then why would you give loans? The value of the loan would just be eatten away due to inflation and the taxpayer would be responsible for the difference

I'm not an expert on economics, so I'm not quite sure how the taxpayer would be responsible for the difference. I simply believe the loans are predatory in nature, thus borrowers repaying 100K+ on a 60K loan, keeping the borrower is a lifetime of debt. Perhaps setting a cap on the interest would be a good compromise?

​@@KennedyIvy The Whole Point is to Punish the loan givers and Force things to change. Make Student Loans A Crime. Force the systems to adapt by either making loans not needed to go college or making college less needed to live good life.

Often times loans are already from the government. The college is already paid. The government shouldn't be making money off of it the government should simply be helping students get an education.

​@@KennedyIvy yeah, that's the point, to put a stop to predatory loans. They're only in the business to keep payees in a debt trap that perpetually funnels wealth whule simultaneously doing nothing of value. The ones benefiting from the interest payments are leeches on society, when in reality the function they *should* be providing should simply be a public service. QQ about taxpayers all you want; but try to realize that, in the end, it would have been a fraction of a fraction cheaper for us all as a whole had we cut out these vampire middlemen in the first place. Like, did you even watch the video?? 😂

Big Pharma doesn't want medications that cure, they want people sick enough to need medications for years and years. Paying off the loan would end their steady income stream and "deny them" the ability to add more interest to the loan, prolonging your pain. A lot of funding opposing loan forgiveness or early repayment comes from loan "servicing" companies. They are in it to keep people indentured to the loan holder.

Obviously they were trying because they make more money on interest. But I doubt the rep came out and said "look we consider you a neverending piggybank. Please don't take that away." What was the logic behind them stalling you from repaying your debt?

I thought that went without saying. After all, on top of the interest, they were charging fees to garnish my wages, which meant only about $100 of $500 was going towards the principle. I don't remember exactly what they were trying to tell me, but it was something along the lines of, "Wouldn't you rather spend that money on something else?"

That’s terrible. I’m sorry you lost your wife. Condolences 😢

That's insane.

Oh jesuuss Christ 😰🥺

I have quit so many customer service jobs due to this, I have no problem telling a job to shove it. I have a great resume. Finally after 15 years, I found a company I love. Can't believe good ones still exists though few few few.

What if customer service failure was a cost to shareholders?

@@nielskorpel8860OMG XD

I can only imagine the hell you had to endure. People want to shoot the messenger. I've worked customer service and in the front office of resorts and business hotels before. I just told those people who got mad and yelled at me "I don't make the rules I just follow them so I can keep my job." It's sad how many people want jump straight into shooting the messenger rather than pausing for a second and thinking who that message is actually coming from. Thank God my parents gave my sister and I the "gift of education" as I call it and left us with no student loan she a Bachelor's and advanced degree. But my husband had student loans until last year when they finally got paid off 🎉. But he noticed how he'd always be rushed off the phone or the reps were stressed, overwhelmed, and overworked.

How much did it pay tho 👀?

check student aid dot gov because you can convert private loans to gov loans with affordable payment plans and shorter time to pay off, please do it now before it goes away

Congratulations on being cancer free!🎉🎉🎉 I can't imagine the strength it took to go through that!

Wow. Just, wow. That kind of stress means you need to take very good care of yourself for the rest of your life.

congrats congrats 🥰The strength it takes is unimaginable to me

Wow- I’m so sorry you went through that. What a reflection of this society

Looks like someone doesn't understand federal income taxation.

Thanks for your confidence, but I'm afraid we aren't.

That's so true, conservatives became assholes with no mercy and liberals became gays that are weak and offended by everything, the extremes are always bad, the truth is always in the middle

That's because they want to create another generation of people to take advantage of

Because the kids are there to saddle you with more debt.

One hundred effin’ percent

@@Gingersnaps_the_pumpkin_kitty but like the sad thing is I'm very much in that guy's shoes: I actually very much want to be a dad, my wife wants to be a mother, but we can't justify having a child with how things are financially

That's the point. Politicians want to make education harder to access.

How did they make that happen? I got about 20k more debt because of inflation shenanigans but your story is brutal :O

Congrats! You raise a good point. These people get on TV and rage that students either aren’t or do want to pay their loans when in fact they ARE paying their loans! They just don’t want to pay them for all eternity. Every loan should have an end point. Student loans do not. Banks sell the loans and the conditions change ensuring that they can never be paid off. There’s no way for students to know this up front so they can’t make informed decisions.

Jesus that’s absolute insanity, but I’m glad you’ve paid all of that off. You deserve a huge break!

Damn

About 99% of what comes out of right wing politicians’ mouths is just them bitching about not wanting to help their citizens

*School*, the basic education we've collectively decided that you need is the government's responsibility. Higher education is an individual choice and you wanting a degree is your choice alongside your responsibility. The very simple solution here is to pass a law that requires jobs that require an education for a certain position to explain why they want that education to the state labour board and give them power to fine for predatory requirements. Take if from someone who lives in a country where higher education is largely subsided, people treat it with much more entitlement, and an alarming amount of jobs require it because it's so ubiquitous. I know a minimum wage factory worker who spends all day up to his elbows in used cooking oil with a degree in accounting.

"Shouldn't the government help it's citizens?" Have you ever been to these countries? I have. The government is usually intrinsically tied into your life in a way you'd hate. You don't know how good you actually have it. The grass is always greener...

@@midnari exactly! People don't understand just how much the government tries to own it's citizens in these places

and he only scratched the surface on all the schemes these "servicing centers" pull to ensure you cannot qualify for discount programs or relief.

Yep

Colleges and loans for college are fictional things.

If you were told that then you were told wrong and we shouldn't have to all pay for your bad choices in life.

@@aetherwizard3218I’m very sorry you think this way.

@@da_kevin I'm very sorry that comrade Biden is handing out the money we all paid in taxes to people who made horrible life choices. Get this man out! Literally anyone else!

​@aetherwizard3218 Id rather pay for someone's loan then give money to Israel or Ukraine...

That's how income-driven repayment works yes, the payment may not be enough to cover the interest, and it accrues.

@@sholtey Then the interest is way to high. As with the example of the woman paying what was it 70 principle and 650 or something interest and yet barely pays off anything. That is just plain wrong. For something like a student loan of 80k or the likes 700 a month should be more than enough to to pay it off in like 15 years. Student loan should not be a profit driven system if done by the government.

​@@SVSportscars Just ran the numbers myself, and paying 700 per month on an loan with a starting balance of $80,000 at an nominal interest rate of 7% would be paid off in 15.833 years. During that time, you'd pay back $133,000; $80k in principal, $53k in interest. The important thing to note is that: If you don't pay the interest, *it becomes principal.* To reduce the amount you pay back, you have to *make the choice* to pay more than the minimum monthly payment. It sucks, I agree, but it's mathematically sound. Raising the payment per month to just $725 decreases the time to pay it off by 11 months.

​@@tiegjac You forgot the part where people probably dont have the cash to do that, and just barely scrape by on the minimum . Its honestly weird these loans have any interest at all, or anything higher than like 1%, considering they're basically impossible to get out of

Good thing biden is specifically responsible for how bad the loans are allowed to be, how hard they are to escape, and refuses to use the HEA to fix the problem he was paid to cause because he pretended the SC route was the only viable one. 😊

JUST RECITE OHMS LAW????? Please tell me you’re joking😮😮😮😮😮

It's an IT job now, not wires and land lines.

That is absolutely horrific. And it's crazy, that last thing I'd expect to learn in a 4 year (??????) communications degree to learn would be Ohm's law.

@@arthurfoyt6727 4 years of your life worth of IT? And the sort of IT that you only learn in a communications degree? I doubt it.

You don't go to college for a work permit. I want my society to be well educated.

It’s not just ridiculous, it’s blatant outright theft.

I'm still trying to process the "it doens't count". The fuck does that mean, they just straight up take your money?!?!

​@@GaudyGabriev yeah, that's what I'm wondering as well... How is that legal?

@@GaudyGabriev It's not that it doesn't count towards paying off the loan, it is that it doesn't count as making a payment that qualifies for the loan forgiveness. The forgiveness plan is set up so you pay a qualifying amount every period for 10 years and the rest goes away, but because of the error, it wasn't a qualifying amount. Not any better, but a clarification.

I mean if they REJECTED the payment it'd be one thing but they're absolutely thrilled to still keep that money. That should absolutely be illegal.

How the hell does that even happen? Are most car loans not fixed term?

Bob was fired... Life imitating art for real.

😂😂😂 Nice thought.

Maybe people need to spend less time watching Disney and more time reading paperwork they sign

​@@lx5xkExcept the whole thing where the point was the Disney character telling people to *read their contracts before signing.*

@@lx5xk You realize Disney is a GOP run company that looks out for the 1% over everyone else right? Like they are not liberals friends. They just pretend to trigger sheep like you into thinking they are not the upper 1%.

Yeah, I'm almost 36 and I live at home. I do work though and I do many chores and the shopping. I'm grateful for my parents for allowing me to live at home. Considering both my parents now have some health issues, particularly my mother, it's actually good for them that I'm at home and can assist with anything that comes up. I used to feel awful that I was living at home still, but now I don't mind it. I spent a year and half on my own and even with a job I still had to rely on my mom giving me a little money each month just so I could make rent, make a student loan payment, and just generally live with a roof over my head. It was the better decision to just move back home. Much as the lockdowns sucked, I was so very happy that my loan repayments were paused for those years.

I mean apparently it CAN be discharged through bankruptcy, but it requires additional forms and proof that paying them back would cause “undue hardship” on you, whatever that means to them. I don’t know how often they actually forgive them this way though. Probably not very often since it seems ppl don’t know about it, and they’re petty about money. Maybe if you were homeless and actively dying?

Yeah I live at home at 28 because I just finished grad school and student loans are holding me back from everything in my life. I’m trying to pay them off over the next two years

Or even worse they go to buy a home and get forced in the rolling into their mortgage that it’s never paid off!!! The student loan people get their money right away and you have that against your home for the rest of your life! Pushing your mortgage through the roof!

@@SolaScientiaDon’t feel bad. I’m your age, and moved in with my mom after my apartment building was sold during the pandemic. I now have a great job that pays more than I’ve ever made in my life, but I’m still not living on my own because a studio apartment costs more to rent than a 3-bedroom house did 5 years ago. We’re not alone. I have friends in the same position who also have great jobs. Nurses, teachers, a newspaper editor, a loan officer - all in their 30’s and still living at home. The only guys out of my group of hs friends that own their own homes, inherited them.

Designed to be profitable for the elite!

My cousin has a private student loan so she is paying interest on the loan while still in college

Well actually the money are coming from the taxes everybody pays i think people should have a say where their money go 😂

then you pay for my groceries next time... that is fair based on your comment. WHy should I pay for something I wanted? You pay for it.

​@@morbidmanmusic Go apply for food stamps if you want our taxes to pay for your groceries.

​@@Byzantion They do, it's called voting. Try it sometime.

They're fixing the bridge just down the road from where I work. But, I never used that bridge. Those thieving, government-funded bastards!!

Yaaas queen, tv shows are my personality too

My favorite part of the episode

I just deleted my comment because I basically wrote the same thing lmao

I was hoping someone else noticed. 😂 They screamed with their whole soul.

@gonzostwin1 I would have guessed your personality was being a dick for no reason

That's what I was thinking, but I don't understand the contracts well enough to know if this is a feasible plan. If anyone does go this route, and has evidence of it, most lawyers will have the person/company you're suing pay the fees.

Humans are more than consumers

@@xxFireFox86xx Exactly. And we didn't understand them any better when we signed those debt contracts. That's the very point.

I am 83, living on Social Security and paying $80 to an old Student Loan.

@@Praisethesunson Yes, humans are social animals so complicated and convoluted that they can trick themselves into believing other animals of the same species (and conversely, trick other animals of the same species) via a plethora of rouses. They can even trick themselves into thinking that they made a correct decision, years after making a very bad decision. They can justify unnecessary, whole-sale, mass-murder to themselves and their social in-groups. They can make-believe deities into actual existence; the proof being that no sane animal would wage existential war over a fictional idea. And/or perhaps human animals are also insane. So yes. They are more than mere 'consumers'. They "contain multitudes" and whatever. Great point

Excellent point

Thank you. It’s bonkers. It’s usury (using money to produce profit out of nothing) as others have pointed out, and there’s reasons the Bible and Quran both forbid that: it’s not for the good of the people, it’s for the very rich to get very very rich and benefit off hoarding. Columbia’s endowment fuels land speculation in an active genocide; Harvard is buying up California’s water rights, &c. These are bad actor institutions that happen to have a campus for 19 yos to get drunk, and creditors prey on them like its a pack of fish. (In disbelief at the MAGA clowns here acting like it’s Patriotic to pay off your debt threefold, when they probably grew up in the $75-per-semester $50k job to raise a family upon graduating world, not the $20k per semester then intern for 3 years endebted forever reality of today.) Jubilee is the answer. And yes for the lost talent, more of what St. Exupery called the “assassinated Mozarts.”

The people who are rich and in power, stay rich and in power. It is by design.

They're doing it on purpose. Separating the classes. No more middle class. Just workers and elites.

And now Cal Poly costs $30k a year for IN-STATE students, and kids are graduating from a public university with $100k+ in debt. It's just insane.

You mean once the government started giving away free money, colleges raised prices?? Wow!

My wife is in Medical School right now and she already has 400k in student loans with one year to go. I recently found out residents make about 65k, my blood pressure rose to 300 😫😫😫😫

@@isaaco-8933 Yes, it's very unfortunate. They know that generally physicians will be high income earners so they have jacked the tuition to the stars because they know eventually they'll get paid. It's a scam. The nice thing is that she's in the fun part of medical school. Those first couple years are brutal.

Dentist here who dealt with similar shit in school. I remember older, local dentists coming to give us pep talks about quickly paying off our debts and opening up practices. They didn't realize the cost our schooling was magnitudes higher than their's not to mention insurance reimbursements being nearly the same today as they were 30 years ago despite higher overhead costs.

Ok. Now advocate for the plebs and tell the insurers to stop doing what they’re doing. It’s a public health crisis. Worse than loans.

Amen😔😢

Well yeah, and you used all this debt freedom to ... shut down nuclear power plants for no reason and spend all your savings on russian gas and reviving coal plants.

The American Dream is propaganda.

​​​@@dennikstandard we definitely have some problems here in Germany but we are at 50+% renewable energy already and climbing... Let us see how this plays out over the next few years. BTW I have done a similar thing as the creator of this post. Studied 6 years in Munich. Zero debt. There are student loans here too (if your parents can not pay for you) but you only have to pay back 50% and the total is capped at 10 000€.

@@dennikstandard can't come to terms with the problems of your own country (assuming you are American) so you put down another? And a poor attempt at that.

It's not that they're not aware, it's that them lying to poor people stops them from revolting.

Lack of empathy is pretty much a defining characteristic of conservatives. No seriously...like there have been studies. There is no hope for them. They only care about things that affect them personally somehow.

The multimillionaires bribing Congress to get millions in loans they then lobby Congress to dismiss are self-aware. Their “self” though is a rotting ghoul of greed prejudice usury and warmongering. The same way every Congress person with $800,000 in their account from AIPAC is self-aware that they sold their soul for genocide to be in politics. Every poli sci program & business school breeds these people and they run both the corporations and the governments, at great damage (debt pollution poverty no healthcare) to the other 98.5%, and we pay them to do it.

I think its because part of how they got wealthy is by getting their money from poor uneducated people. A wealthy person who isn't pulling some sort of con doesn't need to sell any lies about how they got there (not even that they tell the truth, but that the conversation just doesn't come up because they're probably not public figures).

Shh...we have enough empathy to send a trillion dollars of aid to ukriane and Israel

Not all people. Republicans. More specifically uneducated republicans - their declared strongest voting block. See how your life is played with by them. Humans are the smartest, yet people have allows education to become optional.

Don't forget forgave PPP loans that many in congress who argued against student loan forgiveness, took and had forgave

If we stopped unlimited loans for colleges, the tuition rate would drop back to affordable. Colleges are a BUSINESS and they raised rates to astronomical because uneducated people could now get $200,000 loans without question.

This period of history will be of intense interest to historians for how effective our systems of social control were. The planet is boiling and every person who doesn’t own capital is getting railed but half the people that see this comment will instinctively scream “BUT STALIN” if you even dare suggest something as milquetoast as social democracy

That's because college students aren't wealthy corporations who can bankroll politicians for favorable financial treatment and legislation.

EXACTLY, as of Jan of 2024, I am student loan free but just because I did it doesn’t mean I want others to go through this financial struggle. It’s like a recovering drug addict saying to you, well I recovered from drug use so you get addicted and get clean.

Thank you. I see so many people who paid off their loans complaining and I do not get it. I gave up my dream school to attend a very inexpensive university and I got substantial scholarships. I only had a tiny loan, which I was able to pay off within a couple of years of graduating. And I still support student loan forgiveness. I don't think people should be punished in perpetuity for financial mistakes they made at eighteen (if you can even call them that when a degree is required for the vast majority of jobs and there's only so many scholarships to go around).

Congrats. I paid off my alternative loans, my Stafford loans, and am only down to my parent plus loan. Unfortunately after 16 years, I still have 5 years to go. And I hate the comments saying well, you shouldn't have made the minimum amount. But you if you don't have the available money after all other financial obligations are made, how can you pay more, especially when it will only shave a year or so off that time.

Forgiving all student debt will do nothing to fix the problem

We need to make student loans disappear during bankruptcy.

College is fictional. Be abused and/or tortured in ways lied about with that fiction?

This. All the people shamming people for taking out loans (even for "those damn liberal arts degrees) fundamentally don't understand (or maliciously do understand) that as students, we were not at all told the truth of the situation. We were told a bunch of sugar coated BS from our own public schools, parents and grandparents, friends and universities themselves, that in no way prepared us for the consequences of taking student loans. It's predatory. We're just kids getting aggressively advertised to. My parents had no clue what to expect (despite themselves both hold degrees from a decade prior) until we were doing the loan paperwork and they expressed some concern but didn't feel like we could go back on it. Plus, my grandparents said they'd cover it and pushed really hard for me to go ahead anyway, (Btw, it's been 5 years and I haven't seen a cent. They gave my college fund to my uncle. They still say they will pay but want to see if Biden will follow through first.... penny-wise and dollar-foolish are the Silent gens). I got grants and scholarships and completed an AA while in high school through a state program, so I'm extremely lucky at only $15,000 in debt but now my degree, which I was told was a sure thing, is basically useless thanks to the pandemic and my personal life changing significantly. It's not fair to blame the kids who's lives are ruined by propaganda and parents assuming nothing has changed. Both the kids and parents were lied to, or at the very least, not provided with informed consent. This situation sucks. All of America's systems suck.

If a student loan payment is weighing you down you need to look at your "lifestyle expenses" especially if you're making software engineer money

@@sholtey Right, it all went wrong when I had the audacity to want children. 🥸

@@sholtey Why do you boldly make assumptions about this person's situation instead of genuinely asking them for more detail to find out whether your assumptions are accurate?

I've been to Estonia and I still had to look it up. Thanks Merkel

We guess yr right🥹

Lel, I found another european in the comments!

Let me guess, you don't have student loans.

Handy way to remember the four NON Nordic countries bordering Russia/Belarus is that they’re in Alphabetical Order: Estonia LAtvia LIthuania Poland Edit: Changed Scandinavian to Nordic.

Wish I could "like" this statement 10 more times.

So, remove the humans?

Capitalism* all of this is the result of shit privatization, neoliberalist policies and red scare propaganda to crash the socialist bloc during the cold war, mainly Reagan and his "tRiCkLe dOwN" delusion

​@@SanguineMalcontentno? Make the humans not have the Option to be greedy all the time?

@@BigMek667 As a race or individuals? 'Cause that one solution would fix it at the race echelon....

So cancel it all while we're still giving them out?

​@@stevenp25100 Amend the current giving and YES! Cancel it. Have you not read the comments!!!

@@temiomogunloye5819 I don't see anyone saying reform the program. Just a bunch of people that think they're above everyone else.

That's really great for you. However, everyone's story is different. Thank you for the motivation though. Perhaps it isn't the debt that is the problem, but a lack of seeing a clear fruitful future away from the debt

​@@andyrangel7383no it's the debt

Him, Bernie Sanders, and Jon Stewart seem to be some of the only people left with sense.

@@sweetsweet4390 There are more but yes

👏👏👏

Non toxic too😏

Non-polluted, sure! But rank with the Earl’s tea

Doesn't even need abolishment. Make the Interest rate fixed so """"some"""" profit motive can be achieved If the Lender took loss from inflation, tough luck, that's the risk of running a business But that's the thing, these Ghouls won't even consider that an option because it draws their bottom lines lower... "We can't have that! Think of the Shareholders!"

​@@aribantala It used to be a "reasonable" 3/4%. Republicans changed the law several years ago.

And make it retro-active. If you've paid $90k on a loan that was originally $80k, your debt is now gone, AND you get back that $10k you overpaid. How to pay for it? Easy ... put a tax on people worth more than (say) $10M

@@BryTee tax the rich? how much more should they pay over the none rich? and why ?

​@@sandwhale4292well, they could pay anything. They are the biggest beneficiaries of tax credits and loopholes making it so they don't pay anywhere near their fair share. Many pay nothing in income tax.

Seems like government involvement doesn’t help at all and makes it worse.

@@MrBrewman95 Bingo! This is the student loan crisis and ballooning college tuition rates in a nutshell, but the geniuses that don't think they should pay back their student loans because it's "predatory" can't connect the dots. I have a theory: the student loan crisis is mostly stupid kids borrowing to get an education they can't utilize due to their limited intellects.

Navient always gets their cut, even if I can't fill my gas tank up. Navient and Sallie Mae always felt like mafia loansharks.

it hit me on the loan forgiveness programs. I ignored it and paid off but I've had so many friends get screwed over it especially teachers that went to state schools

I couldn't have done it without the help and support of the Facebook PSLF group that someone on a female lawyer's page urged me to join after a year of vague and unhelpful calls with Mohela and FedLoan.

Wasn't Navient the one that came out a few years ago to celebrate $1 trillion of net profits in one year? I'm not sure on that, I think it was Navient. I looked up their profit margins at the time, 24% net operating profit margin-for every $1 in revenue, they kept 24 cents. To put that into perspective, Walmart's net operating profit margin at the time was 2.4%, and total cash compensation to their CEO-stocks can be handwaved into existence and when you're compensated in stock the IRS wants you to pay taxes on the dollar market value of that stock as of the time you received it, so it's not useful for comparison here-amounted to $4 per employee PER YEAR. It disturbed me to see the top executives at a student loan company celebrate screwing their clients so hard, which is also the Title IX violation my school just got called out on by the DOJ, yes it was an athletics coach again. I wouldn't hold a whole lot against a student loan company for having mega profits at just a 2% net profit margin; 24% is obscene in ways I would like to describe graphically, but I have a policy of not kink shaming.

hanging up on you has been a thing at more than just navient, and for many years. i can't remember who held my student loan- it's been 20 years and i prefer to forget that nightmare- but i do remember now being on hold for hours, my call finally getting answered, and being hung up on instantly. over and over and over, so many times through those years.

This. This is fair.

You have to limit finance charges too or they will still stick it to us. And congress sets the interest rate. Why was it so high - 6.25% when a house note was 3%?

@@petgranny194 interest rates on my student loans in the early 90s were 8+%

Right!!!

@@petgranny194I replied earlier but I don’t see my response so repeating here. Rates in the early 90s when I was in college were 8+%. No one should be paying back double or triple what they borrowed. It’s nuts.

Never confuse education with schooling. Also, nothing is ever truly “free”. Someone pays. Life lessons.

Free education is different than forgiving student loans tho. I'm all about reducing costs and increasing education, but that's not achieved with forgiveness. It just puts in a floor to costs, not a ceiling.

How? That's strange. Who helped you? With compound interest ? It's NOT possible to work 15 hour days and not be close to death and dying. It's not a physical possibility to do that and be 100% productive.

@@Mavryck_Tha_Myghty Bingo on both counts.

@@The_Internet_Is_Overrated No, it puts a floor on the price paid by someone, not on the costs in general.

Also, those are words coming from someone who doesn’t pay back loans.

@@CJScrolthis

Muslim and Catholics historically prohibited "usury," with only Muslims maintaining this prohibition today. Leviticus 25:37, “You shall not lend [your brother] your money at interest. Quran: O believers! Fear Allah, and give up outstanding interest if you are ˹true˺ believers. Talking about Jewish: "Taking interest despite its prohibition, and consuming people’s wealth unjustly. We have prepared for the disbelievers among them a painful punishment."

@@CJScrol probably because they didn't take them out in the first place

Because we live in a kleptocracy...

Greed

Finished school in the 1990's, and just had the last bit forgiven in 2024. If I never see the name Mohela ever again, I'll be pleased. Having that hanging over my head the ENTIRE TIME I RAISED MY CHILD to full adulthood was absolute crap. It became time for them to go to college while I was still paying my own student loan. That was a horrifying and staggering realization.

Aristo-kleptocrats

America is the most genocidal empire in human history that was founded by slaveowners.

With a glorious finish calling back to an earlier commentary

4:14 that lady screaming at the Gilmore Girls joke is amazing

I wonder what percentage is done by AI!?

​@@lennylyons777given it is John Oliver, who did stand-up comedy shows to pay his employees while they were striking to avoid, in part, AI taking their jobs (among the many other demands the Writer's Guild went on strike to obtain), probably none.

@@seraphimseptimus6984 that would explain why none of the jokes were good.

Absolutely right,Money invested is much more better than money saved, when you invest, it gives you the opportunities to increase your financial worth.

Exactly,The key to financial freedom and wealth is someone ability to convert earned income into massive profit to build generational wealth.

You are right to be wealthy you have to trade, earn and live your life as you please, Don't say tomorrow when you can do it now. Don't continue watching others earn when you can.

I'm with you the best way to build massive wealth for the next generation is to consistently invest in business and guard them grow

absolutely right,many people are really ignorant of the massive income in investment and that has been the major reason limiting their trading.

Did you fall on the paint and smack your little head? Nothing in the world is free somebody has to pay for it somehow. And in your little country you charge people more money from their income tax am I right? So you have higher taxes which then intern, is given to a government and the government give it to other people. That’s how you seem to think it’s three, but it isn’t. We in the United States, like to keep our money in invested our own way to take care of our own family and selves. We feel we can do a better job of investing our own money to take care of ourselves because, unlike what you hear in the news, our government is just really good at spending money on foolish things. once again, nothing is free. That’s the fallacy.

How much are taxes in Scandinavian countries?

Let me help you. There are 385 million people in USA, but only 5k CEO positions. Therefore most really shouldn't waste their time when they are going to end working classes. 🛑 Telling people the have any chance they don't.

The us doesn’t use much of its money for social services that you would think would be necessary, like healthcare, retirement and education. A lot of that is instead left up to businesses and other strange financial work around a that usually let some companies pocket a lot for worse results.

​@@opsec175you don't need to become a CEO when doing any higher education.

Exactly, humans can't stop being selfish to save their life.

And that's why they're against forgiveness, you can't make money if the kids aren't being forced to pay it.

and did you see who it hurts the most? THAT'S the target. like everything else, if it benefits one black kid half as much as it benefits your kid, you'd still oppose it, because it helps the black kid.

@edwardcollins8102 I'd actually want that black kid, and all the other black kids as well, to benefit.

Yep

We might have different experiences of the student situation in Germany. I mean, it's nowhere near US problems but getting BAföG is a pain. And with the rents in big cities the University selection is pretty limited if one doesn't have a drivers license or supporting parents Still blessed that's the level of problems though, yea

Because in your country, your population forces the gov't to put people first. And I love that your nation doesn't embrace nationalism. I know why of course....but I still respect it so much.

@@EclipseOverSalem And now imagine even higher costs of living, no BaföG at all but indeed a credit institute managed private tuition credit which might at any time being upscaled by the bank you took it from and on top still having to pay up to a quarter of a million for your college/university ;) Germany is in another universe if you compare those 'issues' ^^

Germany has been expelling and deporting “undesirables” since before the crusades. You benefit from the policies that benefit eugenicists. For a long, long time.

@@EclipseOverSalemFunny thing about that. I was applying to go to an animation school in Babelsberg as an international student from the US and when looking for a place to live nearby I was flabbergasted. Your rent is CHEAP. I found a 3-bedroom place that was a 15 minute bike ride from the university for half what it costs for a studio apartment where I live. And for context, I live in Idaho, one of the most empty states in the country with almost no industry outside of farming. Even after I got an estimate on general expenses from a friend living nearby there, I found out that if I had moved and kept my current remote work job I'd have an extra 500€ every month.

Irony is... i work for a state university.

You don’t make enough money to own a home. Not if you have to borrow just $17009

@@privacyplease1556 I don't get it

😂 yes

Depends where you're watching from 😃

It's just that the American has to jump through so many obstacles to even get a proper education. Be it 100k+$ education that teaches you nothing else but one subject that can be learned by reading a book. It's a paper ceiling that is going away

What's even more crazy is that Americans pay more for their education through taxes as well. Just like the health care system it's just optimized for profit rather than efficiency.

It’s stupid. America’s programs for everything are stupid.

My uk degree was 5800 for one (scholarship) and 12k for the other

@@user-ye4bu6xh4cwho do you think writes those books you read lol

But if Russia or some other adversarial country invades Germany, you’ll be thanking the United States will be there to save your ass. There are a lot of amazing things about Germany and its people, and the US is far from perfect, but your comment is ignorant and disrespectful.

That’s less than my yearly parking fee at university.

i did my first master's in Spain and it was under a thousand for the whole thing and bc i am in Andalucía the second masters is free. So i have 2 masters :)

@@taniaparsons3859 So jealous. I have two regular Bachelors degrees but never went back for my masters primarily because I couldn't afford it. I wish I had because I would've got a pay bump (I'm a high school teacher now).

I have one teaching degree and a master in Education. I left university with 7700 Euro in debt 😂.

Did you really think the gov was there to help you? All they do is, hook you.

For comparison I graduated medical school here in the US last year and am $360k in debt. I went to a state school on a full scholarship for undergrad and received $80k worth of need-based grants in med school and it’s still $360k.

It's not possible because the US is bigger and people don't want to get taxed more to pay for other people's schooling

Also, because we spend so much money on war around the world.

That is why I would never consider moving from Europe to USA. I will gladly pay for other people’s education just as they paid for mine

@@youshort3708 - "people don't want to get taxed more to pay for other people's..." says it all. Here, we realise, that we all win when ... we all win. No one has to lose for us to win - it's not a zero-sum-game. It helps that we get to vote 4-5 times a year on how or taxes are spent. We just had a vote three weeks ago: 1) to give our retirees an 8%/year raise above the cost-of-living - PASSED. 2) to raise our retirement age from 65 to 67 - FAILED. So retirement age stays at 65. And another point: you already are paying for "other peoples' schooling". Public K-12 schools, local and state colleges are already supported to a great degree through taxes. As are ours. So while y'all are claiming we're commie socialists - you are too in this respect. As you also pay with your taxes for roads, highways, airports etc.

Where I'm from we had a loan-based system introduced when I was about to go to uni, my health went to shit and I spend over a decade in rehabilitation. I dodged a bullet compared to my highschool classmates by simply avoiding loans and still being able to get a similar paycheck, because our country is overeducated, so be exceptional, or your uni course ain't going to help you actually be high earning. If it'd happened a few years later I'd never get myself out of that debt...

You can see when your estimated payoff date is. You could have checked that, and if the time frame didn't sound favorable then you could increase your loan payment. Making the minimum payment will never pay it of when accounting for interest.

@@cicirunner You do understand that most people in situations like this do not have the ability to continue, like, functioning in society while paying much over the minimum amount, right? And that, in fact, as cited in this very show, most of them are encouraged to sign up for loans at a time when they do not have the understanding of the finances they'll have in the future sufficient to even know if they'll be *able* to make more than the minimum payment, or, for that matter, be sufficiently aware of the nature of loans to understand the dynamics of paying off the principal versus paying the interest. Blaming the victim of a system of being ignorant of the "right" thing to do when the system is incentivized to keep that information from them is not as smart as you think it is.

​@@thaddeusgenhelm8979 thinking that adding a valley girl "like" to your comment makes you come off as edgy or interesting also isn't smart. Let's make blue collar workers pay the bar tabs of people that don't understand simple interest.

@@stevenp25100 Oh wow, nitpicking someone else's phrasing rather than addressing their actual points definitely shows me. The fact that that's what you focus on rather than the substance of what I said does, in fact, communicate a lot more about you than simple word choice does about me.