Question: Student Loan Repayment (to pay or not to pay)
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you signed your name on a piece of paper that said "we are giving you money now, and you will give it back later with x.xx% interest."
so, do what you said you would do. be a man. men keep their promises. if you disagree, you probably DO lack some character, despite your previous assertions.
the people on the other end of that piece of paper fulfilled their end of the bargain, so now it's your turn.
so, do what you said you would do. be a man. men keep their promises. if you disagree, you probably DO lack some character, despite your previous assertions.
the people on the other end of that piece of paper fulfilled their end of the bargain, so now it's your turn.
This is a moral thing.... not character. It shows an intelligent means to an end. Why bust my *** to payback all this debt when i can clearly cut corners and find a way around it, just as you would if you could not payback medical bills. **** these dumb societal rules that we "need" to follow.
It's one thing to complain about society, and US education. But to expect a free education, and provide a simple solution like cutting back on incarcerations without any substantial evidence is pretty naive. Just like saying getting rid of illegal immigrants, or taxing weed will solve the US's economy. Fact of the matter is that US education is a very intricate problem that I can't even pretend like I know the answer to.
Also, bringing up other countries that have free health care, or free education that are completely different than US is kind of a moot point. Fact is they're not the US. You're more than welcome to relocate to another country. People in other countries are not as ENTITLED as Americans are. Some people in other countries are okay being middle class. Not having nice things. Being an apprentice for a certain trade, they don't need a college education. In some places, a single exam determines their future, whether or not they can go on to higher education after high school. Not everyone can get into college. They don't NEED to drive WRX(s) or STi(s) and expect not to pay off school loans. They don't use credit cards as much, and if they do they don't spend like we do in capitalist US where people spend money they don't have. They have better public transportation (people don't even need cars). Some countries even have lower standards of education.
Like others are saying, man up and pay the bills. No one is responsible for making you take those loans other than yourself. You are the one who is to blame if you accepted the contract without fully realizing the gravity of accepting the money.
Last edited by Baliztik; Jun 16, 2014 at 01:32 AM.
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This is a moral thing.... not character. It shows an intelligent means to an end. Why bust my *** to payback all this debt when i can clearly cut corners and find a way around it, just as you would if you could not payback medical bills. **** these dumb societal rules that we "need" to follow.
If you don't want to be paying the bills, then do what needs to be done to get them paid off. Find a way to make more money to afford paying off the bills and still having a life that you want. If you can't do more, then you need to live with less.
The problem is that most people pick a path with complete disregard of finding out the actual outcome of that path. Never once having talked to a person that is doing what they want to do and finding out the details about the Lifestyle that chosen path could potentially afford to the people that took the path. For those that have been in the same position for years, would you go back and tell yourself to do the exact same thing again or would you change something (or potentially change everything and take a completely different path)? There's probably a lot of people out there that if they went back and told their former selves about where they are at now, their former selves would look at them and go "That's it? That's not what I was expecting.".
What should be taught is to Start with the End Results and work your way backwards. If the degree is a requirement to get a foot in the door, then the education is worth it. However, too many people out there have gone through to get pieces of paper for degrees that have NOTHING to do with their chosen profession and were not necessary whatsoever.
It's a lot of things, but let me break it down a little bit.
Many people grow up with their parents or parental figures guiding them, and teaching them what they should do in life.
It starts with potty training and what you were taught was right or wrong.
Lots of bias happens during that period. Your parents were influenced by what they were taught, and so on.
You were influenced by the environment around you.
Likely it was expressed that if you do well in school, go to a good college, and get a good job, you'll make good money and have a good life.
This is actually rather naive, and not the most fulfilling way to approach life.
Many of us didn't learn this until our twenties or thirties.
Some people will pursue that original goal their whole lives and never come to these important realizations.
As to the topic of money, it is like many things.
It was created to serve a purpose, and wasn't researched to death before being implemented. It served the purpose it was created for, and was adopted because it did that very well.
Down the road we see that companies came into being, and that banks and companies eventually saw profit potential in allowing people to borrow money.
You have to pay it back with interest because you don't have it and we do, and the laws allow us to do this.
Even now the profit on a 10k loan at 4% is ridiculous, more than any company should be making off any single person for having to do almost no work other than having the money to lend.
The problem at this point is that people aren't helped enough at that point in their life with making smart loan decisions.
Many people just know they are supposed to get loans they pay back later.
Some people are stuck with even worse situations.
Not enough people get the guidance to hunt for the lowest rates, and even then, the lowest rates net the lenders thousands of dollars per person, which is way too much in my opinion.
Blame whatever you want, but the system is set up such that you would be wise to pay it and on time. You're smart if you make whatever sacrifices you can to pay it off as fast as you can and not just the minimum amount.
It is certainly far from the best system possible, but it's where we're at right now.
If you really care you could start thinking about a way to foster change, either by figuring out a legitimately better way and gathering supporters, or reaching out to discuss and find others who agree with you and ultimately find people smart enough to figure out a better way. If you don't do this you're just like most people, one of the cows in the field waiting for the gate to open.
Many people grow up with their parents or parental figures guiding them, and teaching them what they should do in life.
It starts with potty training and what you were taught was right or wrong.
Lots of bias happens during that period. Your parents were influenced by what they were taught, and so on.
You were influenced by the environment around you.
Likely it was expressed that if you do well in school, go to a good college, and get a good job, you'll make good money and have a good life.
This is actually rather naive, and not the most fulfilling way to approach life.
Many of us didn't learn this until our twenties or thirties.
Some people will pursue that original goal their whole lives and never come to these important realizations.
As to the topic of money, it is like many things.
It was created to serve a purpose, and wasn't researched to death before being implemented. It served the purpose it was created for, and was adopted because it did that very well.
Down the road we see that companies came into being, and that banks and companies eventually saw profit potential in allowing people to borrow money.
You have to pay it back with interest because you don't have it and we do, and the laws allow us to do this.
Even now the profit on a 10k loan at 4% is ridiculous, more than any company should be making off any single person for having to do almost no work other than having the money to lend.
The problem at this point is that people aren't helped enough at that point in their life with making smart loan decisions.
Many people just know they are supposed to get loans they pay back later.
Some people are stuck with even worse situations.
Not enough people get the guidance to hunt for the lowest rates, and even then, the lowest rates net the lenders thousands of dollars per person, which is way too much in my opinion.
Blame whatever you want, but the system is set up such that you would be wise to pay it and on time. You're smart if you make whatever sacrifices you can to pay it off as fast as you can and not just the minimum amount.
It is certainly far from the best system possible, but it's where we're at right now.
If you really care you could start thinking about a way to foster change, either by figuring out a legitimately better way and gathering supporters, or reaching out to discuss and find others who agree with you and ultimately find people smart enough to figure out a better way. If you don't do this you're just like most people, one of the cows in the field waiting for the gate to open.
It's a lot of things, but let me break it down a little bit.
Many people grow up with their parents or parental figures guiding them, and teaching them what they should do in life.
It starts with potty training and what you were taught was right or wrong.
Lots of bias happens during that period. Your parents were influenced by what they were taught, and so on.
You were influenced by the environment around you.
Likely it was expressed that if you do well in school, go to a good college, and get a good job, you'll make good money and have a good life.
This is actually rather naive, and not the most fulfilling way to approach life.
Many of us didn't learn this until our twenties or thirties.
Some people will pursue that original goal their whole lives and never come to these important realizations.
As to the topic of money, it is like many things.
It was created to serve a purpose, and wasn't researched to death before being implemented. It served the purpose it was created for, and was adopted because it did that very well.
Down the road we see that companies came into being, and that banks and companies eventually saw profit potential in allowing people to borrow money.
You have to pay it back with interest because you don't have it and we do, and the laws allow us to do this.
Even now the profit on a 10k loan at 4% is ridiculous, more than any company should be making off any single person for having to do almost no work other than having the money to lend.
The problem at this point is that people aren't helped enough at that point in their life with making smart loan decisions.
Many people just know they are supposed to get loans they pay back later.
Some people are stuck with even worse situations.
Not enough people get the guidance to hunt for the lowest rates, and even then, the lowest rates net the lenders thousands of dollars per person, which is way too much in my opinion.
Blame whatever you want, but the system is set up such that you would be wise to pay it and on time. You're smart if you make whatever sacrifices you can to pay it off as fast as you can and not just the minimum amount.
It is certainly far from the best system possible, but it's where we're at right now.
If you really care you could start thinking about a way to foster change, either by figuring out a legitimately better way and gathering supporters, or reaching out to discuss and find others who agree with you and ultimately find people smart enough to figure out a better way. If you don't do this you're just like most people, one of the cows in the field waiting for the gate to open.
Many people grow up with their parents or parental figures guiding them, and teaching them what they should do in life.
It starts with potty training and what you were taught was right or wrong.
Lots of bias happens during that period. Your parents were influenced by what they were taught, and so on.
You were influenced by the environment around you.
Likely it was expressed that if you do well in school, go to a good college, and get a good job, you'll make good money and have a good life.
This is actually rather naive, and not the most fulfilling way to approach life.
Many of us didn't learn this until our twenties or thirties.
Some people will pursue that original goal their whole lives and never come to these important realizations.
As to the topic of money, it is like many things.
It was created to serve a purpose, and wasn't researched to death before being implemented. It served the purpose it was created for, and was adopted because it did that very well.
Down the road we see that companies came into being, and that banks and companies eventually saw profit potential in allowing people to borrow money.
You have to pay it back with interest because you don't have it and we do, and the laws allow us to do this.
Even now the profit on a 10k loan at 4% is ridiculous, more than any company should be making off any single person for having to do almost no work other than having the money to lend.
The problem at this point is that people aren't helped enough at that point in their life with making smart loan decisions.
Many people just know they are supposed to get loans they pay back later.
Some people are stuck with even worse situations.
Not enough people get the guidance to hunt for the lowest rates, and even then, the lowest rates net the lenders thousands of dollars per person, which is way too much in my opinion.
Blame whatever you want, but the system is set up such that you would be wise to pay it and on time. You're smart if you make whatever sacrifices you can to pay it off as fast as you can and not just the minimum amount.
It is certainly far from the best system possible, but it's where we're at right now.
If you really care you could start thinking about a way to foster change, either by figuring out a legitimately better way and gathering supporters, or reaching out to discuss and find others who agree with you and ultimately find people smart enough to figure out a better way. If you don't do this you're just like most people, one of the cows in the field waiting for the gate to open.
I didn't mean to indicate it was wrong, just that it IS a choice, and not written in stone as what you certainly should do. Though many of us likely believe it to be when we're growing up.
No doubt that going to school gives you better chances in life, but that job and salary are NOT guaranteed. This is what kids need to get over...
Parents for sure haven't prepped their kids well in this regard. I have had plenty of young family members say things like "I'm going to X school, get Y degree and then make Z money" and I quickly make sure to tell them that NOTHING is guaranteed. Going to school helps position yourselve better vs others perhaps, but nothing is owed to someone who goes to school. Even Med school, or getting a PHD. Nothing is owed to anyone.
Well, the money one borrows is owed back to the lender
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Regardless of what happens in other countries or who does what.... You made an agreement to borrow money for school.
Be a stand up person and do the right thing.
Be a stand up person and do the right thing.
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I take it from your post you found that you still end up responsible for the loan amount. Loan forgiveness is really just working and paying it back indirectly while the loan is in forbearance.
As someone who carried student loan debt for 9 years following graduation I can tell you relax, things get better as you move up the ladder. There were times I struggled, but put up with it and moved up the ladder and got it over with. Even after paying back my loans I didn't get used to the extra money, I just kept putting it away same with every other debt I incur and pay off. That money instead gets allocated to save for a house and retirement.
If you need further incentive, keep in mind some jobs require you to be in good financial standing. One day you'll look back and be proud you were able to pay it all back.
As someone who carried student loan debt for 9 years following graduation I can tell you relax, things get better as you move up the ladder. There were times I struggled, but put up with it and moved up the ladder and got it over with. Even after paying back my loans I didn't get used to the extra money, I just kept putting it away same with every other debt I incur and pay off. That money instead gets allocated to save for a house and retirement.
If you need further incentive, keep in mind some jobs require you to be in good financial standing. One day you'll look back and be proud you were able to pay it all back.
srsly tho -- what did you expect here? a bunch of other sackriding, entitled millenials who would agree that you should skip out on your obligations?
that's right - OBLIGATIONS - get used to adulthood quick, or else you may be into many more rude awakenings. it's not hating, it's not being a ********, or whatever else you may substitute for the concept of responsible adulthood, it's reality.
