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/biz/ - Business & Finance

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53890963 No.53890963 [Reply] [Original]

For years people haven’t had to make payments on their 200k gender studies degrees. Wages have been flat and the only companies that have been hiring are jobs that pay $19/hr with 5 years experience. This is black swan event

>> No.53891013

It's funny that you think
>These people own things to sell
And/or
>They will pay anything above the absolute minimum with hardship delays and plans
They're just not going to pay and they don't matter.

>> No.53891048

>>53890963
lol, forgiving this measly amount of student loan debt is not a black swan event

>> No.53891056

>>53891013
These are people with 6 figure salaries but pay 6k a month in expenses. They have to pay the minimim if they have a salary until the covid pauses. Even if they file bankruptcy on their other debts.

>> No.53891066
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53891066

>>53890963
This is a class issue. It's not about paying back student loans, it's about keeping the social order stratified. Wagies, only 13 hours until your next shift.

>t. debtmaxxed with 100k Biden bucks loans, now with 200k job. Never paid 1 red cent

>> No.53891074

>>53890963
Is student loan money even real? It’s not collateralized by anything tangible (pls forgive me, im retarded)

>> No.53891091
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53891091

>>53891074
It's a very soft form of debt. Fed student loans are automatically forgiven after death, or 20 years, and repayment is capped to 10% of your discretionary income. No income? No payment needed.

>> No.53891135
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53891135

>>53890963
>rising inflation
>poor college kids
>can't default on the loan
>still have to pay for essentials

student loan bubble burst when? Or do you think the federal government would step in and bail out the lenders? And if that happened, then do those lenders just keep the federal money until the students pay it back or do all those debts get forgiven at the end of the day?

food for thought

>> No.53891231

>>53891091
>No income? No payment needed.
Does a stay at home mom not need to pay anything then? Or does her husband assume the debt

>> No.53891243

>>53891066
>this is a class issue

no, it's an executive power issue, biden doesn't have the authority to just cancel debt, he needs to get congress to pass a law, thats how our government works, if the dems did this through the legitimate process there would be nothing anyone could do to stop it, but they had to be shady about it

>> No.53891254
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53891254

It’s over

>> No.53891312
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53891312

>>53891135
They can never let the bubble burst. The economic results would be catastrophic as it would destroy an entire class of consumer.

>>53891231
If married filing separately, no. Jointly, yes.

>>53891243
You're talking about legal jurisprudence, I am taking a ohy socioeconomic consequence. We're not even talking about the same thing. Agreed that dems would love to pass it legitimately but you have to have control of Legislature to do that.

>> No.53892555

>hurr durr 200k gender studies

Literally my grandpa's take
You will never make it