Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Well OP you can do what a lot of graduates are doing..walk away.
Near 30% of student loans are delinquent.
And no the government is not like a bank. No one is going to come hunting you down.
The debt will languish but your credit will suffer. Not like many 20'somethings have any credit to begin with though.
Total student loan debt is $1.2 trillion so about $400 million has not been paid back.
Status:
"everybody getting reported now.."
(set 27 days ago)
Location: Pine Grove,AL
29,573 posts, read 16,560,540 times
Reputation: 6044
Quote:
Originally Posted by Lonerandsad
What if the government helped out millenials by not charging any interest rate on federal student loans, increasing grants for college tuition, and give $50,000 - $100,000 towards a downpayment/mortgage purchasing home or investment purposes only? Our government helps out foreign countries, military people and many others still, so why not our millenials who are struggling?
I wish the government would give you a grant for home ownership rather than college since I got a scholarship to college and paid the rest of my way.
I could have took those 20,000 in Pell grants and be a couple of thousand away from owning my home now, and have more disposable income to put back into the economy.
How about you open your heart and distribute more your wealth? That's why people like you and your generation ruined it for the younger generation and now millenials must pay for it and suck it up because of your policy that destroyed the life and economy!! Most millenials cannot afford moving out from their parent's basement despite working full-time and going to college!!!!!!
These are the same millennials who long for the good old days of factory jobs that illegals now fill?
These are the same millennials who long for the good old days of factory jobs that illegals now fill?
Most young people do not want old day factory jobs, nor are they even trained for it. They just do not have that mentality. The basic jobs they want are in the service sector. This is why there are actually good paying jobs for certain kinds of blue collar careers.
Education of these young people played a big part in this. Young people want to work in a theater, public radio, graphic design firm, but those places either hire very competitive people or don't pay much. American born young people see these factory jobs as below them, and this is exactly why they don't necessarily have strong opposition to illegal immigration, because it doesn't affect them as they don't want those jobs. Now it certainly does affect them as demand for social services (tax dollars) increases, but most young people notice only the obvious in front of them.
IF we can 'bail out' banks and big corporations so they won't fail . . why can we not help our college students who are paying MORE than ever with higher interest rates than ever??? So Sallie Mae can get richer and richer?
You demonize millenials whilst paying out the nose for corporate bailouts. And you apparently are fine with that.
Again, it is the middle class who takes all the blows for the high cost of college; the rich can afford it and the poor can obtain various grants.
Your last sentence already explains it. As the middle class gets smaller and the poor class gets bigger, the poor's vote matters more than that of the middle. The rich will not pay much under either party. The smart party is the one that gets the money from the rich, and the vote from the poor. The middle class pays for it. That party is the democratic party. The GOP is in a weaker position as they linearly represent classes, whereas the democrats bi-polarly represent the classes. The future belong to the Democratic Party. That means the corporations and the rich will rule, duh, basically not much different than the GOP. That also means that the poor class will grow and sit around receiving public assistance.
So, as a middle class person, here is your choice. Under the GOP, the poor will be much worse and will have to work hard. You will have to work hard to get more. Under the Democrats, the poor will not work hard, and the rich won't pay more. You will pay on behalf of the rich. The poor understand that America (even under the GOP) will not sit here and watch people die on the street. American just won't. And the poor today understand that very very well.
So what do you choose?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
