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The US total population is about 340 million. Those 18 and older is about 254 million.
With 5.3 million defaulted, that means 1 of every 68 adults has defaulted on a student loan.
At any given time, a large grocery store has 1-5 people who defaulted on a student loan.
There is clearly something wrong with the US society with that many people who can't pay for an education, which is needed to barely get a job.
and the answer to this problem? let's kick those already on the floor!!. fuck yeah murica
When is Trump going to pay his debts for defamation and fraud he has been found guilty or liable for? How about Trump pays back all the debts erased by his six bankruptcies? If he gained money through fraud, what about the taxes he evaded?
When you make him
I saw forgive his debt in exchange for being skinned alive.
I don't know how anyone can be optimistic about this economy. This isn't death by a million little cuts. we are headed for an unprecedented economic depression.
The guillotine got applied to the economy instead of the... Proper target...
This ain’t nazi sympathizing Reddit bro - you’re allowed to say that a treasonous Russian asset in our government deserves to be executed by guillotine, even if somehow that treasonous Russian asset is the president.
What are you talking about, the market is back to its pre-Trump levels! 📈🔺
How far pre trump? 95 years?
Didn't you hear? If the economy goes up, that's Trump's handiwork. If the economy slips, it's Biden's economy. It's really simple to understand, attribute all good things to Trump and bad things to Biden. /S
I get it, trump was responsible for the economy when Biden was president,
And now that Trump became president, Biden is responsible!
It makes so much sense when Trump explains it like this, it has to be true
He explained it quite clearly in that interview. 😄
Didn't this guy default on most of his loans several times?
He also ripped off contractors
He could raise money by taxing billionaires who wouldn't suffer but he goes after people who took out loans for education. He also looks especially toad-like in that image.
Gotta pay for that birthday parade somehow
I hope all the zoomer dudes who voted for orangeboi enjoy this delightful financial punch in the dick
Trump supporters can't even read, much less take any kind of higher education degree
While that may be the statistical correlation, it’s not true as a blanket statement
lol, you think most of those guys went to college?
I think you’d be surprised how many of them did
Maga won't be affected by this.
Maga doesn't "do" edumacation.
Oh there's a small minority of them and I'm sure they'll be on Facebook complaining about how unfair it is and how they're not hurting the right people.
They do tend to be whiney people after all
What about all the fratboys?
They are in a frat because mommy and daddy pay the bills.
For visitors to this thread: I would really recommend that you scroll down a little bit to find the person who was claiming that aktually this is all Biden's fault, and then trying to defend it like it made total sense when people asked WTF they were on about. It is interesting.
Roughly 2.9 million people who have student loans are age 62 or older. I'm very curious as to how many in that demographic are within this defaulted status. Mostly because any change in social security benefits for a retiree is life altering and if any significant portion of that group that's defaulted is also this 62 or older group, the changes this will have a massive impact on the population. Retirees that get caught into money troubles not only brings them down, but usually the family that ultimately has to catch them from completely falling through the cracks.
If this affects retirees i hope they choose to protest with open carry in front of government buildings rather than letting themselves get homeless and starved to death.
Average Student Loan Debt by Age:
Those aged between 50 to 61 have the highest average federal student loan debt at $45,159.
6.10% of federal student loan debt belongs to adults under the age of 25.
Adults aged 25 to 34 years old hold 30.1% of the federal student loan debt; 39.1% belongs to 35- to 49-year-olds.
24.6% of federal student loan debt is from borrowers aged 50 years and older.
61- to 65-year-olds who started college at a traditional age of 18 had the highest starting student loan interest rates.
My friend is directly impacted by this. So much winning. Thanks again Don. Really making America great
Time for the under the table economy to rise sgain
💯
Another benefit is no income tax on under the table income
This cunts daddy paid for his college were he bought his degree of course he lacks empathy for normal hard working people
An American hero in the making. /s
As a transgender man who served 3 of my 4 years of my TEACH grant before my state made it defacto if not de jure illegal to be a transgender teacher -
I’m fucked lol. I’m just going to have to work under the table the rest of my life. My billionaire ex managed to dump his credit card debt on me, so I’m fucked hopelessly. It’s entirely legal to fire me for being trans in any job. Doesn’t matter whether it’s cleaning vomit after a basketball game or working at a group home - my uterus renders me a non human.
If I do lose my apartment, I’ll make the news in the best way I can though.
You may just want the leave the country at this point my dude
I really want to keep my books. I love my books and leaving them behind would feel like death. I’ve thought about Costa Rica or a few other places. The cost of the plane ticket is unrealistic; the likelihood of getting the books over is doubtful.
I’ve realized that I probably won’t survive this administration, and I’m just going to go down fighting. I lost everything I care about, and the least I can do is try to make it so no one lives a life like mine again.
I’m all for fixing the broken system and I’m sure there are peoples whose loan agreements are so fucked up; HOWEVER, in order to not default on my loans I think the minimum payment is like $20 which doesn’t even cover the interest btw. I think there are people that can pay their loans and aren’t. There’s also a lot of people who were taken advantage of.
My SO and I have $130k between us and if we get the IBR figured out, it might bring our total payment down to about $1200/mo which is not something we can afford. I've been laid off since Christmas and just started a job, so we're $20k in the hole and haven't been able to pay anything. Now I see my credit is taking hits. That hurts but again, no money. Oh well what's 7 years.
Believe me I understand that we were sold a promise and the last 5 administrations did fuck all to ensure the economy was in a good place for us to reap the benefits. It sucks that there’s so many people like you in the same situation.
So 5.3 million Americans are going to be given less incentive to work and less to lose?
Thanks, Obama!
