☰
×
Login Register an account
Top Submissions Explore Upgoat Search Random Subverse Random Post Colorize! Site Rules Donate
24

Shame that irresponsible people take out loans without understanding compounding interest, eh?

submitted by deleted to whatever 3.5 yearsDec 1, 2021 17:03:49 ago (+24/-0)     (whatever)

deleted


35 comments block

sort by: hot new top old low

[ - ] deleted 14 points 3.5 yearsDec 1, 2021 17:08:08 ago (+14/-0)

deleted

[ - ] FacelessOne 7 points 3.5 yearsDec 1, 2021 17:21:22 ago (+7/-0)

Gona have to side with Jewish Banking is the issue and agree with ya here.

[ - ] localsal 5 points 3.5 yearsDec 1, 2021 18:10:21 ago (+5/-0)

(((Banking))) (((government))) and (((education))) all colluding to deceive and rob the youth.

Banking for the high interest

Government for making student debt permanent (can not be cleared through bankruptcy)

Education for raising costs to suck up all the available monies from deluded young people.

If even one of these (((three))) didn't extort the students, then the problem wouldn't really be that bad. If two decided to be human, then education would be within reach of everyone.

[ - ] Broc_Liath 3 points 3.5 yearsDec 1, 2021 19:45:34 ago (+3/-0)

These loans only exist because they're backed with taxpayer guarantees. Otherwise no one would be lending gender studies majors a hundred thousand dollars.

[ - ] ForgottenMemes 1 point 3.5 yearsDec 1, 2021 20:14:24 ago (+1/-0)

It's a tax on stupid people.

[ - ] Zyklonbeekeeper 6 points 3.5 yearsDec 1, 2021 17:23:29 ago (+6/-0)

Total idiot...probably enrolled in a 5year gender bender program, either way he's going to starve on a roadside somewhere.

[ - ] SilentByAssociation 1 point 3.5 yearsDec 1, 2021 17:33:27 ago (+1/-0)

He won't necessarily starve... but there are plenty of adults in their 50s and 60s still stuck with student debt. Most of them have just accepted the fact that they'll be stuck with it until the day they die.

[ - ] Broc_Liath 1 point 3.5 yearsDec 1, 2021 19:49:00 ago (+1/-0)

Like any kind of debt, if you don't manage it and get in over your head then you'll be paying forever.

[ - ] SilentByAssociation 0 points 3.5 yearsDec 1, 2021 20:30:37 ago (+0/-0)

Debt can be useful, sure. Investing in yourself is essential as well, whether you need to take on debt for it or not. A principle to live by: owe no man anything.

Imagine getting a masters degree in education nearly 40 years ago and still paying on those loans. (A real-life example I know of; paying student loans into retirement is embarrassing).

[ - ] Broc_Liath 0 points 3.5 yearsDec 1, 2021 21:59:30 ago (+0/-0)

I agree. Personally I'm debt free, although I'd happily borrow for something substantial like starting a business. I wouldn't borrow more than I could afford to repay if things didn't go well though.

[ - ] gimpyoldman 5 points 3.5 yearsDec 1, 2021 17:25:42 ago (+5/-0)

Probably makes the minimum payment on his credit card and wonders why it never gets paid off.

[ - ] thebearfromstartrack4 4 points 3.5 yearsDec 1, 2021 17:57:14 ago (+4/-0)

WHY are they allowed to charge INTEREST on the INTEREST they charge you? They didn't loan you more money. Until they GET it, they don't HAVE it.

[ - ] Broc_Liath 1 point 3.5 yearsDec 1, 2021 19:46:59 ago (+1/-0)

Until they GET it, they don't HAVE it.

Exactly. If you take your sweet while paying someone back you are costing them time. That needs to have a price or everyone would take as long to pay back as possible.

[ - ] thebearfromstartrack4 0 points 3.5 yearsDec 2, 2021 17:46:22 ago (+0/-0)

But it's the AGREED upon time (BEFOREHAND) that you're paying them back what you BORROWED. Plus an interest.but NOT interest ON the interest they charged you. NOT part of the borrowing.

[ - ] HeavyBrain 1 point 3.5 yearsDec 2, 2021 04:02:59 ago (+1/-0)

Sure they did loan you more, cuz inflation.

I mean they can convince a number of people that a bigger number in your accounts means more money, so its only logical that you pay for the shit you got more thorugh their actions, besides something something...unrealized capital.

[ - ] kishind 0 points 3.5 yearsDec 3, 2021 09:23:21 ago (+0/-0)

Inflation... you mean jew-controlled deliberate currency manipulation?

[ - ] HeavyBrain 0 points 3.5 yearsDec 3, 2021 11:17:23 ago (+0/-0)

Yes thats exactly what I mean.

[ - ] patchCodeUnsuccessful 4 points 3.5 yearsDec 1, 2021 17:12:26 ago (+4/-0)

At an 8% APR it would take 23 years to build up the amount he specified. How much you want to bet he was an idiot that didn't make any payments and got struck by fines and boosted interest rates.

Also, who the fuck is retarded enough to go more then 30K in the hole. If you don't make it through college at least the payments will not kill you (just cripple you).

[ - ] Broc_Liath 1 point 3.5 yearsDec 1, 2021 19:48:01 ago (+1/-0)

I'm in two minds on this. On one hand fools and their money, on the other hand it's ridiculous to allow teenagers to sign their life away like this.

[ - ] x0x7 [op] 2 points 3.5 yearsDec 1, 2021 22:18:50 ago (+2/-0)

On the other hand it's retarded to call 18 and 19 year olds teenagers and unable to make decisions with consequences considering our society is already being infantilized far too much.

[ - ] Broc_Liath 0 points 3.5 yearsDec 2, 2021 09:13:11 ago (+0/-0)

True. It'd be better if "Idiot 18 year old signs $100,000 loan for literature course." were something that makes a funny headline, rather than an everyday occurrance promoted by teachers and government officials.

[ - ] deleted 0 points 3.5 yearsDec 1, 2021 20:28:53 ago (+0/-0)

deleted

[ - ] Jiggggg 2 points 3.5 yearsDec 1, 2021 19:12:40 ago (+2/-0)

Interest on the principal- Ok sure

Interest on interest- Kike subversion

Someone dumb enough to get this far into debt, and then take so long to pay it off that it's grown this huge- that's their fault too.

If you have to take out a loan, pay it off ASAP so you don't accrue interest.

[ - ] NaturalSelectionistWorker 2 points 3.5 yearsDec 1, 2021 18:27:29 ago (+2/-0)

As much as I hate irresponsible people who waste fucktons of money on useless degrees, gonna have to acknowledge that the bigger problem is systemic jewish matriarchy and not just individual choice.

[ - ] Broc_Liath 2 points 3.5 yearsDec 1, 2021 19:51:06 ago (+2/-0)

It's both. Although I'm fine with idiots ruining themselves. If they get artificially protected from this kind of abject failure then that'll only create more idiots.

[ - ] kishind 0 points 3.5 yearsDec 3, 2021 09:20:57 ago (+0/-0)

It's a shame that flies are trapped by sticky paper too. Since high school doesn't teach you how to do financial bookkeeping, it's a trick and a trap, not informed consent.

The whole system has to fall.

[ - ] SparklingWiggle 1 point 3.5 yearsDec 1, 2021 18:33:38 ago (+1/-0)

Stupid people should not exist.

[ - ] Paradoxical003 0 points 3.5 yearsDec 2, 2021 16:23:34 ago (+0/-0)

Interest is jewish and should be forbidden

[ - ] Prairie 0 points 3.5 yearsDec 2, 2021 14:40:34 ago (+0/-0)

"I have to go to college just to understand my loan!"

It's not like they don't explain that if you take X years to pay it off, you'll end up paying many times the principal.

[ - ] mongre 0 points 3.5 yearsDec 2, 2021 08:30:21 ago (+0/-0)

Shame that ignorant people shill for Jews and their usury tax on humanity.

[ - ] HeavyBrain 0 points 3.5 yearsDec 2, 2021 03:59:50 ago (+0/-0)

As a non (bank jew) english speaking, not beliver in loans.

What I am exactly looking at (the 3rd number)?

[ - ] fritz_maurentod 0 points 3.5 yearsDec 2, 2021 03:08:50 ago (+0/-0)

Your bachelor of arts is priceless. for all the rest is mastercard. /rubs hands

[ - ] noonefromnowhere 0 points 3.5 yearsDec 1, 2021 21:48:50 ago (+0/-0)

Income based repayment. Make payments of 10% of your income minus rent for 10 years and it's paid off. Still a rip-off but it limits the amount someone would have to pay if they got a shitty degree and couldn't get a job.

[ - ] ibepokey 0 points 3.5 yearsDec 1, 2021 20:02:05 ago (+0/-0)

yup, the EYErESS took over 10k of returns from my wife, over 8k of student loan debt.

she now owes over 8k