Capitalism in a nutshell

I totally understand. We started with nothing, but you are starting in a huge hole. Universities have priced themselves out. They are too expensive. We should offer more apprenticeship programs so you either pay nothing or get paid while learning your job.

Exactly!!

This should be criminal, I don't understand why the politicians can't meet us half way on this. Why can't student loans be zero to super low interest rates. You pay back the $250k and call it settled (which is still alot' of money btw).

The problem in a nutshell.

I'm fourteen, and I really want to be a special education teacher when I'm an adult, which requires college. I want to have a job that I love, but I can't imagine being that much in debt. Any time I bring it up to an adult, I'm told that I'll "figure it out" or that "I shouldn't be worrying about that yet". But considering the situation my country is in, I probably should have started saving for college two years ago :(

What kind of crazy interest rates are being charged on these loans?!

I'm Gen X. We hae ALL inherited the debts racked up by Boomers and the gutless politicians catering to them. They didn't pay it forward. They loaned it forward, with compound interest....

As a retired professor, I strongly agree with this statement. It is terribly broken, from pre-K up to PhD. The American education system is completely broken.

That's really f****d up, a 17-yo isn't mature enough to take such a huge loan and to understand the ramifications a loan like that has on your life. In my county you could never get that much student loan

What is the ad for?

Can’t even start to believe the blame is being put on the victims...

Must be nice to be one of the lucky ones. I went to college after raising my children and still ended up with $40,000+ in loans. Now my salary isn't enough to live and pay loans. Their "programs" do not help. Wish I had never gone to college. My Masters is worthless.

As a swede with mostly free schools and low cost state loans to cover other expenses it is so horrifying to read all these tragedies :'(

You should stop spoiling yourself and demanding luxuries. If you don't have the money to eat, just don't. It's as simple as that. *sarcasm - just to make sure*

In Australia university was free until 1988, but now it is paid for by Government loans - but repaymemts don't start until your income is over a certain threshold. If you never reach that threshold, you never repay the debt.

Oh yeah, good old Navient.

I just can't understand why AT LEAST the loans couldn't be without interest. I believe that is how the UK has it (correct me if I'm wrong, please).

Just wow.. I only pay 25 USD each month during 4 year of college.. Then (because I work while studying) another 50 USD each year for 2 year of extention.. Totally I spend around 20 Million IDR (around 1.500 USD) till graduate.. #asian

With interest it could become that much and the sucky thing is our children will probably be responsible for some of it

120k is like solitary confinement

What in the entire f**k. The pettiness. Pettiness of this level can only come from the mega rich.

That is a rare accomplishment.

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There are 2 types of people who are wronged those that say never again to noone else and those who stop progress because it does not help them personally

OMFG I'm surprised boomers aren't being slaughtered en masse in the USA. Pro Tip: Start with the politicians...

It's terryfing that someone has reason to write "i did a terrible thing" because he studied for a job he wanted to do. Not everyone likes to be doctor/lawyer/whatever just to pay off his or hers loans.

I officially paid off my student loans four years ago. Want to know how? My husband died.

If your payments are income based, your (compounded) interest will continue to accrue, which means your loan amount will be more when it's forgiven than when it was initiated. The government could have saved money by just paying for the tuition in the first place.

From malawi a third world country. Paid of my university degree debt in 1 month after getting a job.

That's supposed to be a joke, right? She didn't pay it off, her mother basically did!