>The US has a record $1.5 trillion student loan debt bubble

>>132832379
Exactly! That's why I went to a trade school and had children.

I went for two years for plumbing. Payed for it from savings I had from washing dishes for 3 years as a kid. Now I have a son and make 40k and year fixing people's poop tubes.

>>132832379

Its not a debt bubble because student loan debt cannot be discharged. It is not forgiven in the case of bankruptcy. It is therefore very secure and collectible. It just means a burdened, financially indentured population.

>>132832379
I think you meant to say Jewish administrators.

>>132832379
>>132832866
The student debt bubble is just part of the main issue

States and cities racking up massive amounts of debt due to unpaid pensions along with the increase in medicare and entitlement spending will drive this country off a cliff. The young generation can't form a sustainable tax base when most of them are in debt and struggle to find work.
The U.S will go deeper into debt and end up like Greece 2.0 when it can't pay its creditors.

>>132832379
>take out bank loans with added interests to pay for gender studies degree
>don't get a job during college to help pay off some of the debt early on while the interest rates are still low
>can't find a job with your meme-tier degree
>continue to pile up the debt while job hopping from McDonald's to Starbucks
>???
>profit
I can't imagine why this is happening

>>132832866
It's a bubble because it's not being paid off. 40% of all accounts are in arrears, and another big percentage are in programs like PAYE/IBR under which effectively no debt is being paid down. The money to pay these loans simply hasn't materialized via higher salaries.

Which puts the US government on the hook as the final guarantor. There is no legal provision (yet) for the money to claw the money back from the universities which collected the tuition in the first place for their worthless degrees.

>>132832866
>>132833499

It's also a bubble because universities are taking advantage of the government's willingness to give them as much money as they can bring themselves to ask for in exchange for tuition, tuition costs in the US are rising to hundreds of thousands of dollars all because the government is paying for it and the students have the mindset that they are literally never going to pay a penny of it. So as costs inflate and university enrollment rates inflate the increase in student loan debt is going to jump from a linear trend, to a geometric trend to an exponential trend until there is just not enough wealth in the world to sustain this rotten edifice of socialist cancer.

>>132832866

As a student loan collector, it's less secure than you'd think.

>You can garnish wages

Sure, we'll just garnish that minimum wage gender studies debtor that owes 100,000 for the rest of her life without making a dent in the debt.

>Muh tax refund

Easiest to dodge, people just set up their taxes so they're paying in or they're idiot minimum wagies who, again, can't put a dent in their debt by what's collected.

>But higher income degrees

Yeah, so, all those doctors and lawyers? They actually get a free ride, they can stay in default their entire lives and remain completely untouched. You can't garnish a private practice's earnings.

The touted 'security' of student loans actually makes it even worse, IMO, because these people are actually lent money as though there's no risk when it's actually just as bad.

>>132832379
Those niggers should stop going to college and start picking cotton

>>132833850
Younger men are already starting to skip college, in large part due to rising costs. That's why gender ratios have become so skewed at a lot of schools, up to 60%-40% female-male these days. Women LOVE credentialism, worthless "masters" degrees, etc.

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you get high and drunk all the time, and rape horrible women in filthy basements, paint yourself while half-nakedly rooting for short-lived athletes.

you study turf grass management at some crumbling college you can't afford, and snort adderall to get average grades from an adjunct, just you can prove to your absent daddy and alcoholic mother that you weren't a mistake.

you're such an attention whore, you actually think the us news rankings matter.

repeat after me: "you are worthless."


many sorts of westerners probably deserve to suffer.

they have spent the past 500 years starting wars, colonizing, enslaving people, segregating people, stealing land, and propping up sweatshops to become opiod-addicted, attention-seeking, obnoxious, hypocritical, free riders.

all that was usefl about western civilization has now been dispersed across the rest of humanity to use for their own fun, and the west lacks global influence besides the few who actually contribute to humanity.

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>>132833949
>You can't garnish a private practice's earnings
Don't let the goyim know!

Does anyone else see the irony in how we have entered the information age where you can learn anything for free with the internet, yet at the same time education is creating a massive financial crisis?