The Student Loan Crisis is a growing national security threat, and it’s getting worse, and NOBODY is talking about it from that perspective.
The current cost of a college education is the result of ruthless predatory practices by both colleges and loan companies. When the Federal Government made it easier for students to get loans, allowing more young Americans to get college degrees and get a better start in life, colleges exploited the opportunity by jacking their prices up, knowing that kids could get these enormous loans, with exorbitant interest rates, without the financial life experience to understand the onerous burden it would place upon their ENTIRE lives.
Now we have young people delaying the most fundamental stages in life, because they simply can’t afford it. People are not getting married, because they either don’t want to combine two large student loan debt loads, or they don’t want to take on a new spouse’s debt when they don’t have debt themselves.
And if people aren’t getting married, they aren’t buying houses, furniture, cars, having babies, vacations, etc., all fundamental drivers of the economy. Many aren’t even moving out of the family home they grew up in, not only because they can’t afford it, but because the economy on general is so bad that their family can’t afford to lose another household income, so they’re happy to keep them at home.
This is already a crisis, and it grows larger every year, with each graduating class. How long before the steadily rising problem reaches critical mass, and crashes the entire economy? Because that’s the easily predicted outcome of this current strategy to ignore the growing crisis, and deliberately making it infinitely worse.
the animals running things now want to crash the economy, every move they make is designed to stress consumers and/or targeted industries for their blatant stock/futures market manipulation…when it finally crashes the top 1% get a lot of distressed assets to buy up on the cheap.
we’ve done this same cycle now a dozen times over, every single time it’s been a deliberate move by those in power to fuck over as many people as possible.
animals run things into ground, slightly less evil animals patch holes but as much as possible to allow for sustainable ratfucking, repeat. occasionally throw in a pointless war to distract the plebs, if it looks like they’re getting class conscious.
I used the second career program in Ontario to go to college, which paid 100% of a 2-year diploma including books, fees, etc as well as a living stipend. It was about $30k per year, and I paid out of pocket to upgrade to a 3 year diploma. I paid that back in income tax within 5 years, and now pay more in income taxes each year than I got in assistance.
The Student Loan Crisis is a growing national security threat, and it’s getting worse, and NOBODY is talking about it from that perspective.
The current cost of a college education is the result of ruthless predatory practices by both colleges and loan companies. When the Federal Government made it easier for students to get loans, allowing more young Americans to get college degrees and get a better start in life, colleges exploited the opportunity by jacking their prices up, knowing that kids could get these enormous loans, with exorbitant interest rates, without the financial life experience to understand the onerous burden it would place upon their ENTIRE lives.
Now we have young people delaying the most fundamental stages in life, because they simply can’t afford it. People are not getting married, because they either don’t want to combine two large student loan debt loads, or they don’t want to take on a new spouse’s debt when they don’t have debt themselves.
And if people aren’t getting married, they aren’t buying houses, furniture, cars, having babies, vacations, etc., all fundamental drivers of the economy. Many aren’t even moving out of the family home they grew up in, not only because they can’t afford it, but because the economy on general is so bad that their family can’t afford to lose another household income, so they’re happy to keep them at home.
This is already a crisis, and it grows larger every year, with each graduating class. How long before the steadily rising problem reaches critical mass, and crashes the entire economy? Because that’s the easily predicted outcome of this current strategy to ignore the growing crisis, and deliberately making it infinitely worse.
the animals running things now want to crash the economy, every move they make is designed to stress consumers and/or targeted industries for their blatant stock/futures market manipulation…when it finally crashes the top 1% get a lot of distressed assets to buy up on the cheap.
we’ve done this same cycle now a dozen times over, every single time it’s been a deliberate move by those in power to fuck over as many people as possible.
animals run things into ground, slightly less evil animals patch holes but as much as possible to allow for sustainable ratfucking, repeat. occasionally throw in a pointless war to distract the plebs, if it looks like they’re getting class conscious.
I used the second career program in Ontario to go to college, which paid 100% of a 2-year diploma including books, fees, etc as well as a living stipend. It was about $30k per year, and I paid out of pocket to upgrade to a 3 year diploma. I paid that back in income tax within 5 years, and now pay more in income taxes each year than I got in assistance.
I think it was money well spent.