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Soaring Student Debt Prompts Calls for Relief

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Re: Soaring Student Debt Prompts Calls for Relief

#4
It's such a weight off of the shoulders to have paid my wife and my student loans off a few months ago. Instead of the 20 or 30yr plan we put every extra dollar towards it and paid it off in 3.5 years. It feels fantastic! It's bizarre that student debt has become the norm and students who have potentially low-earning majors such as History are still given similar amounts of money from banks as a CS major.

Re: Soaring Student Debt Prompts Calls for Relief

#5

If this happens, do I get benefits on the debt I've already paid off? I would be pretty pissed if I didn't. I worked my ass off to pay my loans.

My wife and I worked and sacrificed to pay our student loans off. Struggle builds character, appreciation, and gratitude.

Re: Soaring Student Debt Prompts Calls for Relief

#7

If this happens, do I get benefits on the debt I've already paid off? I would be pretty pissed if I didn't. I worked my ass off to pay my loans.

> If this happens, do I get benefits on the debt I've already paid off? I would be pretty pissed if I didn't. I worked my ass off to pay my loans.

That's not going to happen because it's politically easier to continue to subsidize failure than to draw the line on this bullshit and reward sensible hard working people like you.

Re: Soaring Student Debt Prompts Calls for Relief

#8
post #5

If this happens, do I get benefits on the debt I've already paid off? I would be pretty pissed if I didn't. I worked my ass off to pay my loans.

My wife and I worked and sacrificed to pay our student loans off. Struggle builds character, appreciation, and gratitude.

> Struggle builds character, appreciation, and gratitude.

https://en.wikipedia.org/wiki/Survivorship_bias

Struggle can also cause bankruptcy, violence, and misery.

Re: Soaring Student Debt Prompts Calls for Relief

#9
post #5

If this happens, do I get benefits on the debt I've already paid off? I would be pretty pissed if I didn't. I worked my ass off to pay my loans.

My wife and I worked and sacrificed to pay our student loans off. Struggle builds character, appreciation, and gratitude.

Paying off your debt early also builds really good financial habits which will help in the future. You learn to live below your means, make a budget, etc

Re: Soaring Student Debt Prompts Calls for Relief

#10
Part of the problem is that the last few generations have been told the same thing: blue collar jobs aren't "good" jobs. You need to go to college so you can get a "good" job sitting at a desk because those other jobs are below you. If you take one of those blue collar jobs then you've failed and aren't "achieving your potential".

The grand irony in all of this is that the people who did go on to become plumbers, electricians, mechanics, roofers, HVAC specialists, etc, are all the ones that are currently in huge demand. And over the next 20 - 30 years they're the ones that aren't going to be automated (well ... mechanics may become less relevant with electric cars rising in popularity). As much as I'd love to automate remodeling my kitchen I'm not holding my breath on seeing it happen any time soon.

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