1 yr. ago • 100%

Many Senior Citizens Expect To Die With College Loan Debts.

portside.org Many Senior Citizens Expect To Die With College Loan Debts

Marjorie Sener was still in her 20s when she took out a loan for about $5,000 to get some college credits she hoped would eventually add up to a bachelor’s degree. That goal was thwarted when her partner became ill. “The burden of our living expenses fell on me,” said Sener, who lives in the Dallas ...

News @lemmy.world Many Senior Citizens Expect To Die With College Loan Debts.

16 comments

I know I'll die with student loan debt, because I dropped out of college after four and a half years, never have had a decent job, and finally moved to another country without leaving a forwarding address. They found me once after I filed an absentee ballot, then I moved again. Welp, guess I can't vote in the US anymore.

However, I refuse to be held back for life because of contracts I signed when I was 18 and too stupid to know what I was getting into. I didn't even want to go to college but my mom made me.

The whole thing is ridiculous and stupid and it sucks that the way I took is the only way out, as most don't have the option to leave the country and never come back.

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If you can't pay off the college loan with job you found after finishing college, does not it mean it is a bad investment and you shouldn't go to college? There are well paying jobs which does not require college degree, but also the minimum wage job seems to be better option than going to college if you can't pay it off until the end of your days

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- Yeah but you won't know if it will pay off until many years after studying, so it's a gamble.
  
  For the majority of cases having a university degree will give you a higher salary, not to mention the value of the experience of going to university as well as the connections you make there (both personally and professionally).
  
  University in the US is just stupidly expensive and the loans have a crazy interest rate.
  
  I'm from the Netherlands where you'll receive money from the government while studying. You can take a loan on top of it with minimal interest and so it's basically always worth it if you can afford it and are academically able to.
  
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  Yeah I am from Poland and we have free university so usually it is worth going to university as well. It might be easy for me to say these things as I am not from USA, but most likely I would look for some jobs with good sallary to loan cost ratio or not go to university.
  
  5
- Maybe if you view everything in your life as a transaction or a zero-sum game, and put no value in education or knowledge.
  
  15
  
  Not having to consider price is a luxury a rich person can consider. A nice luxury but a luxury just the same. It is also just another form of consumption in the absence of clear utility on the other side.
  
  7
  
  There are better ways of learning than university
  
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Permanently Deleted

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- Humans will do what is right. After they have exhausted other possibilities.
  
  9
Oh but this is good for the economy

9
- Sure it is, if, as always with articles talking about 'the economy,' you substitute 'the economy' for 'rich people's bank accounts.' Then it all makes way more sense.
  
  8
  
  Is there any instance where they are not the same thing?
  
  3
I'll probably die with student loan debts... but only because I'm a mature student and the student loan system in the UK was recently changed so debts are written off after 40 years rather than 30. Still, having the remaining debt written off when I'm in my 80s is something to look forward to, I guess? Our repayment terms are substantially more progressive than in the US, though (closer to a graduate tax than loan repayments), so pensioner me likely won't be required to actually pay anything. I'd rather we had properly free university the way most of Europe does, but I'll still take the UK's system over the US's.

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Student loan debt relief, finally! Death, sweet release

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