Forum Post: An Infographic About Student Loan Debt - Your Gateway Drug To Debt Slavery
Posted 12 years ago on Oct. 13, 2011, 2:37 p.m. EST by thebeastchasingitstail
(1912)
This content is user submitted and not an official statement
This explains a few things, including why people who say "Just get a job & pay it off" should STFU.
http://cache.abovethelaw.com/uploads/2010/09/student-loan-scheme.jpg
Yes. Yes. and Yes.
http://marketplace.publicradio.org/display/web/2011/10/03/am-occupy-wall-street-focuses-on-rising-student-debt-in-us/
http://4.bp.blogspot.com/-wwVcDgjW0BI/Toyif0maGAI/AAAAAAAAAcU/-Pqci5xJpts/s1600/3.jpg
College Conspiracy http://www.youtube.com/watch?v=VpZtX32sKVE
thank you
Wow! Thank you for the graphic. I earned a law degree, and I am now unemployed---for a year---with 120,000 in debt. Prior to law school, I never had a penny of debt nor any difficulty with obtaining a job. I feel deceived and betrayed.
I've heard there are many unemployed law graduates now.
I hope you find solutions.
As a 1% baby boomer, I'd like to say I'm sorry your elders didn't have the courage to stop these scumbags. Nobody should associate with them.
What you should do is all stop paying your student loans. Set a date in the future (maybe 11/11/11?), and stop feeding this monster. Then, set up a website and name those who DO pay their student loans. Never for a violent purpose, but so that the rest of the student community can gather around them, and gently remind them not to collaborate with this tyranny, to the detriment of everyone else.
I have rarely seen anyone on here talking about student loan debt.
All I see is a bunch of people telling us to shut up about student loan debt.
But I don't really see anyone talking about that issue?
There are plenty of people involved in OWS that don't have student loan debt.
The issue is jobs. We need to get Americans back to work. Then they can pay their student loan debt, or they can pay their mortgage.
Yea, I have thought of that too and what I've come up with is that maybe people go to the wearethe99percent tumblr, where there are a lot of stories about student loan debt, and since they can't leave long hateful comments over there, they come here and do it! I dunno, that is how I make sense of it.
It's been suggested here we should try to educate others about student loan slavery instead of "yelling at the banks" or something.
Well, this infographic is education. It is taken from a collge scholarship website which attempts to do exactly that - educate students BEFORE they borrow.
I personally think we should "yell at banks" ie, get the government to change what it is doing and what the banks can do AND educate people.
So, here is my contribution to the education ^^^
To the top, again.
People talk about the oil companies being so incredibly evil.
I don't know anyone who owes thousands of dollars to Exxon.
Which one of the following entities with BILLIONS in their trust fund did YOU CHOOSE to be a slave of? Exxon, Mobil, Citgo, Columbia, Yale NYU Harvard?
none of the above
In a time based economy education would be free.
It's fake. Its a myth just like religion.
Technology is the impetus for the dawning of the new era. For the first time all of humanity can instantaneously communicate on a global scale. We can control our birth rate with the use of safe effective birth control. We have the resources to feed and house the world’s population. Most all human suffering is manmade or worsened by greed and lack of empathy. Technology has also given us the ability choose our destiny. We can continue the current trajectory: depletion of resources, growing inequalities and war. Or, we can choose a new way.
The path to enlightenment, equality, and sustenance is attainable with a united movement. Part of that movement is time bank. Time bank is a network of humanity. Organized on line. Completely transparent. All inclusive. Hour in. Hour out. That’s it. No person’s hour is more or less valuable than another.
A worldwide time bank can be started now. With enough participation it can catalyze the transition from the current corrupt monetary system to a society where money is irrelevant and each person is valued. Fear and greed will paralyze this movement. Hope and imagination can propel it.
Time is the Substance from which I am made. – Jorge Luis Borges
um, not sure who you think birth control is safe for, but the warning labels on the pills are enough to scare me off.
Getting pregnant unintentionally is enough to scare me on.
baby... stroke... baby.... stroke..... yeah, i guess stroke is more appealing.
In a healthy (non obese, non-smoking and not predisposed) population the chances of having a stroke related to the use of hormonal BC are very very small. The chances of getting pregnant are very significant.
It absolutely amazes me what they can do if you don't pay your student loans, but the child support enforcement system in this country is a complete joke. Want to stimulate the economy? Use the same tactics on deadbeat parents who truly can afford their payments but don't want to.
child support enforcement is definitely bad here. hence the poor single mamas.
My thread rocks. BUMP
again
bury the bullshit
We live on love street.
Oh and this was published by that radical subversive organization @ CollegeScholarships.org
Please. Why borrow so much money for a college education if you don't research whether or not you can get a job afterwards? Student loans have the lowest interest rates BECAUSE you can't default on them. Want to default? Start borrowing from the banks you're protesting.
Please. Why borrow so much money for a college education if you don't research whether or not you can get a job afterwards? Student loans have the lowest interest rates BECAUSE you can't default on them. Want to default? Start borrowing from the banks you're protesting.
Are you in the park with us. If not, get off this site you assholes. 22 days out here and I'm tired fighting for your stupid college Choice tuition. If your that stupid you should have never gone to college. It's not about the dumb shits that line up to get free shit. Nothing should be for free. Including wall street. That's why we are here free loading dumb shits!
Shut up, you frothing moron. Oh wait, I'll translate that to Pee Tarty language - Fut the shuck up, MORAN.
Come to the park and spread your hate on the system. Not me sister. Just don't come looking for handouts!
Come to the park and confront me, loser. Keyboard warriors SUCK.
Confront you. I will hug you and squeeze your tities.
Thanks for bumping my post back to the top, PeeTarty.
So are u coming down for a little dry humping in the park?
Go to outpersonals, PeeTardy. You're not my type.
what degree do you have?
STFU dumbass, I am gainfully employed, with a BA in none of your fuckin business and only 3K in student loan debt which I faithfully pay every month.
However, I give a shit about what is happening to OTHER PEOPLE in this country. Fuck you and your troll bait questions.
no need for swearing. is a "BA in none of my fucking business" a sought after degree?
What do you have a degree in?
No, but a degree in go fuck yourself is. Shove your guidance counseling up your ass, I told you, I'm gainfully employed and paying my micro-debt off, that's all you need to know.
a degree in go fuck myself is sought after?
this is not about me, im trying to learn about you
I didn't post this so you could "learn about me", go to a dating site if you want to make personal connections.
Read the infographic if you want to learn about the student loan bubble that is about to crash in the USA.
im aware the student loan bubble is about to burst, and im not looking for a date. im wondering why so many people took student loans to get degrees without the foresight to see if after graduation they could get a job.
Gee, perhaps so many people feel they have to attend school because college credits & certificates are required for so many positions these days.
Example: NYC police officers need 60 college credits to apply for the job, unless they have 2 years miliatry service.
Maybe the schools and the banks that profit from these loans have been making it way too easy for students to get funded, because, gee, they wouldn't be able to "grow" unless they keep funneling more and more students into the system.
You should read the infographic, brother, it covers some of that.
It also covers the high default rate among students who went to TRADE SCHOOLS that promise jobs and community colleges that also are known to prepare people for JOBS so it is not just a case of students who majored in Anthropological Gender Studies or Medieval Art History as some of you are trying to portray.
Maybe the 40% of community college grads who default on student loans got sold a dream that they'd immediately be able to work and pay off their mounting pile of ever-compounding debt? Just maybe? could that be possible, ya think?
PLEASE - read the infographic then come back and discuss specific points that you agree and disagree with. Don't ask pointed questions that show me you've already made up your mind.
i did read it. it leaves out the foresight and thought that you must take for big decisions like going to college. it does not take much effort or research to see what degrees will likely be employable for when you graduate.
wheres the part that it says people who go to trade schools are promised jobs?
i'll agree with you it is way too easy to get a student loan. if it were more difficult to get a student loan- would you protest that also?
Do some research on trade schools and see how their sales/admissions offices operate. My sister in law used to work in one, so I have personal knowledge, as well as having read up on it.
I believe in and practice personal responsibility but personal responsbility does not exist in a vacuum. You and others like you are INSISTENT on blaming the students only, you need to view the whole picture.
FOLLOW THE MONEY! Who is profiting? Not these students.
im not blaming the students only. you're always free to say no
Hindsight is 20/20
You should also set aside an hour and watch the YouTube vid that genamer posted here. Try to open your mind, just a little bit and understand. Shaking your finger at students is not enough to solve this problem.
I can forgive students for doing at least some sort of return on investment analysis prior to taking out massive loans---they were young and young people don't always think things through. What I find astonishing, however, is that their parents did not do such an analysis.
Very nice. You will allow the parents to share the blame with the students. The people who actually profit from spreading misinformation and encouraging people to sign on the dotted line bear absolutely NO responsibility for this.
Does your mind allow you to receive any information that doesn't fit with your preconceived ideas?
If so, watch the video.
College Conspiracy http://www.youtube.com/watch?v=VpZtX32sKVE
If not, keep giving the banks unbridled "freedom" and watch what happens.
I guess they didn't teach civil discourse at your university.
I believe that government is largely to blame for the run-away rise in tuition costs by making student loans so easily obtainable. Without this action, you still may no be able to get a job, but your debt burden would be much less.
That being said, no-one held a gun to your head and forced you to sign on the dotted line. If you intend to go through life believing what salesmen tell you without conducting your own due diligence, I fear you will forever be taken to the cleaners.
Don't address your pithy advice to "me", I'm not caught up in this spiral of debt slavery. You won't get your jollies trying to rub "my" nose in "my" misery by wording your comments the way you have.
As I stated upthread, I am doing just fine but I remain concerned about 1.) other people who are living with unmanageable debt and 2.) the creation and eventual bursting of the education bubble.
But other than that, we're making progress. You now acknowledge that the government is playing a role in this problem. We're on the right track.
Next up, banker pigs need to stop profiting from other people's misery.
Your condescension not withstanding, I'll rephrase: "No-one held a gun to those student's heads and forced them to sign on the dotted line. If they intend to go through life believing what salesmen tell them without conduction their own due diligence, I fear they will forever be taken to the cleaners."
I will again suggest that you consider being a little more civil to others. You seem to be suggesting that I hold certain views (which I do not). I suspect that if we were to engage in a dialogue about this issue we would both have good ideas an insights to share that might advance both of our understandings. Unfortunately, we'll never know because there is no way in hell I'm going to put up with your attitude when there are so many other people on these boards who are willing to engage in a respectful discussion.
Yeah, my level of discourse prior to today has been much higher.
However, I am tired of freeper trolls who have come here thinking they are internet badasses because they know how to name call and use profanity. I am in NO WAY including you in the "freeper troll" category, you do seem to have been attempting to convey your views somewhat respectfully. I am just explaining why I have a huge attitude today. My patience is at an end and I decided to fight fire with fire today. I need to go do some other things anyway which is great because I've been spending too much time here.
Thanks for replying.
You're welcome. Peace, and good luck.