All the retarded dems are now screaming about FREE COLLEGE for everyone.
Well that is great, but nothing is free and we allowed the evil fucking bankers to enslave us all. The Dems just want to make our enslavement final.
A brief history of how the bankers and their puppets the politicians fucked us all.
Prior to 1976 student loans were dischargeable in bankruptcy without any constraints. Of course, if you look back at statistics from that time, there wasn’t much student loan debt to speak of. When the US Bankruptcy Code was enacted in 1978, the ability to discharge student loans was narrowed. Back then, in order to have your student loans discharged, you had to be in repayment for 5 years or prove that such a repayment would constitute an undue hardship. The rationale for narrowing the discharge was that it would damage the student loan system as student loan debtors flocked to bankruptcy to have their debt discharged. The facts, however, did not support this attack. By 1977 only .3% of student loans had been discharged in bankruptcy.9. Still, the walls continued to close on student loan debtors. Up until 1984, only private student loans made by a nonprofit institution of higher education were excepted from discharge.10. Next with the enactment of the Bankruptcy Amendments and Federal Judgeship Act of 1984, private loans from all nonprofit lenders were excepted from discharge. In 1990, the period of repayment before a discharge could be received was lengthened to 7 years.11. In 1991, the Emergency Unemployment Compensation Act of 1991 allowed the federal government to garnish up to 10% of disposable pay of defaulted borrowers.12. In 1993, the Higher Education Amendments of 1992 added income contingent repayment which required payments of 20% of discretionary income to be paid towards Direct Loans.13. After 25 years of repayment the remaining balance was forgiven. In 1996 the Debt Collection Improvement Act of 1996 allowed Social Security benefit payments to be offset to repay defaulted federal education loans.14. In 1998, the Higher Education Amendments of 1998 struck the provision allowing education loans to be discharged after 7 years in repayment.15. In 2001, the US Department of Education began offsetting up to 15% of social security disability and retirement benefits to repay defaulted federal education loans.
And since you can never get away from your student debt they loan you as much as you need. In turn all Colleges increase their tuition every year far beyond the value of the education the provide.
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19442503? ago
This makes the school a partner in your education with skin in the game. So they have to give you a solid education with job prospects upon graduation. No more turning out broke radical left socialist Dem wannabe’s with no prospects in life and an education you could have gotten from a Coles Notes bio of Karl Marx.
So your education has to be a win-win or the school loses the tuition you owed them.
19443603? ago
I live in the Netherlands and I get 400 euros a month for free from the govt, because my parents arent so rich. If my parents made over 70k combined, I would not get one penny from the govt. I like it this way since I wont have any debt
19448299? ago
Yeah, but people who work hard WHO MAKE OVER 70K get their hard earned money taken from them to PAY YOU, so you can sit on your lazy ass and do nothing. Have you know shame?
I love the lyrics from an old Charlie Daniels song, I aint asking nobody for nothing, ... If I can't get on my own. If you don't like the way I'm living then just leave this long hared country boy alone. Your generation is lost and does not understand pride of accomplishment you only know how to take from others while taking it easy. Looser!
Get a job you bum!
19451372? ago
Problem is, I will pay t back 100x times over because of the taxes I will lay when I get a job. So, as a student i need money, and the government knows damn well they will get it all back many times over. So I aint taking anything