Student Loans
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X @Nick Szabo
Nick Szabo· 2025-11-17 04:32
Student Loan Crisis & Affordability - Individuals earning $100K/year cannot secure a $1 million mortgage, highlighting the disparity with student loan amounts [1] - Auto loans of $75K are unattainable for those earning $35K/year, further emphasizing the student loan issue [1] - The availability of $250K in student loans for degrees leading to $40K/year salaries is deemed unacceptable [1] Systemic Issues & Accountability - The current system allows 18-year-olds to make financial decisions leading to potential lifetime economic insecurity [1] - The university system is criticized for convincing students that college is always the "smart thing to do" [2] - Colleges should bear financial responsibility when saddling students with unpayable debt [2] - Federal government backing of student loans enables colleges to inflate prices without accountability [3]
X @Ansem
Ansem 🧸💸· 2025-11-15 20:40
Student Loan Issues - Student loan terms are often misunderstood, similar to unfamiliar tools like a leaf rake [1] - Unlike figuring out simple tasks, understanding predatory student loan terms rarely leads to celebratory moments [2] - Individuals often struggle with student loan repayment despite consistent payments, highlighting a lack of financial literacy [1] Predatory Lending Concerns - The predatory nature of some student loan terms is a significant issue [2] - There is a lack of education and understanding regarding student loan terms [1]
X @Ansem
Ansem 🧸💸· 2025-11-12 02:41
Student Loan Impact - Government-backed student loans for all majors may be the root of many problems [1] - These loans allow students to major in unproductive fields [1] - Colleges can charge excessively high tuition fees [1] - Young people end up with significant debt and political indoctrination [1] - Too many white-collar workers and a shortage of blue-collar workers are observed [1] Economic Consequences - Short supply of tradesmen leads to rising construction and housing costs [1] - Graduates emerge with debt, political leanings, unemployability, and housing difficulties [1] Societal Impact - The political environment becomes extreme due to student loan issues [1] - Colleges hire many "woke" individuals [1]
X @Mike Benz
Mike Benz· 2025-11-10 22:38
Government Funding & Higher Education - Universities receive billions of dollars in government grants, essentially free money [1] - Government profits from student loans, contributing to tuition increases [1] Financial Implications - The current system is described as a "racket" implying financial exploitation [1]
X @Nick Szabo
Nick Szabo· 2025-11-08 19:43
RT Rajat Soni, CFA (@rajatsonifnance)Society is built on getting you into debt- $500 monthly car payments- $50,000 weddings- $50,000 in student loans- $500,000 mortgagesare all seen as normalBut they're all just ways to get you to work forever while not being able to save for the future. ...