346
Many Senior Citizens Expect To Die With College Loan Debts.
(portside.org)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 Sep 2023
346 points (98.1% liked)
News
22890 readers
3639 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
I'm not sure the statistics agree with your assessment of it being "many to most". For many people there simply is no choice. You either take out a loan, or you'll be stuck working minimum wage for the rest of your life. And even for those that do take on an amount of debt that seems reasonable based on their prospective career path - that's still a BIG gamble that can spell financial ruination if, for whatever reason, said career fails to materialize.
https://www.aplu.org/our-work/4-policy-and-advocacy/publicuvalues/student-debt/
42% graduate with no debt and 23% with less than $20k. It's about 80% that have less than $30k in student loans. 30k is definitely expensive, but manageable.
I am sorry, but your proof invalidates your argument. Look at the story we're responding to - she had 5k in debt that spawned into multitudes due to her inability to pay it back as a result of living paycheck to paycheck. 20k or 30k is not a small amount of money for people living a minimum wage existence.
If you don't pay your loan it goes up that's not surprising. What is surprising is that she could get that loan in the first place. She could have bought lottery tickets with that loan and it would have the same effect, but people actually recognize that as stupid.
Did you read the article? Unexpected health complications with her partner used up all their money. The only stupid thing here is that a person working a full time job to afford healthcare and education realistically can't do so.