Listen, nobody likes to repay student loans back. It’s a necessary evil I guess, but Hassan has a point. It’s been drilled into our heads since we were children. Get an education, get a good job, have 2.5 children, a dog, and the white picket fence… oh, the husband can come too.
I mean, that’s all well and good if that’s what you want out of life, but let’s be honest here… THINGS. HAVE. CHANGED. SINCE. THE. 1950s. It ain’t the same as back then when TVs were black and white, there was no Internet, social media didn’t exist, and cellphones were a mere dream.
The point I’m making is that since things have changed and prices have increased as well, it seems that the only things that have remained constant are Sallie Mae’s stalking tactics (now called Navient) and jobs now wanting college degrees. Go figure!
What Hassan is talking about in that clip is that the Government need to ease up a bit on the stalking and repayment tactics b/c people aren’t working jobs that will pay enough to pay them back and live too. Like, it doesn’t work that way. Article here.
See when those tuition prices increased, the minimum wage stayed the same. See what happened here? Tuition increase, minimum wage stayed the same. Tuition increase, minimum wage stayed the same. You can substitute the minimum wage for the cost of living as well. Both work. The point remains the same.
There are many problems with student loan debt. Is that one of Elizabeth Warren’s and Bernie Sanders’ campaign points? I mean, can we even trust them to be for real when they say these things or is this just to get the vote and get elected? I gotta do more research. I digress.
Anyway, it would be nice to just have folks be reasonable about allowing 17- and 18-year-olds, who know nothing about finances, to apply for loans to go to school. Yet, when they graduate there are no jobs or no good-paying jobs in their fields to put those degrees they just paid for to use. See the problem?
It leaves them stuck, defaulting, and not sure how to move forward. There are 4.2 million people in debt b/c of student loans. The estimated debt is $1.3 trillion. While I’m sure people want to pay back the money they owe, being able to and willing as opposed to willing, but unable to are two different things.
Keep your heads up out there. You’re not alone. ❤