student debt – DS https://www.anglinarchive.com Daily Stormer Historical Archive Sat, 04 May 2024 00:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.17 https://www.anglinarchive.com/wp-content/uploads/2026/09/cropped-favicon-32x32.png student debt – DS https://www.anglinarchive.com 32 32 Republicans Introduce Law to Prevent Anti-Israel Protesters from Getting Student Loan Bailouts https://www.anglinarchive.com/2024/05/04/republicans-introduce-law-to-prevent-anti-israel-protesters-from-getting-student-loan-bailouts/ Sat, 04 May 2024 00:00:00 +0000

Americans who never went to college or responsibly paid off their debts shouldn’t have to pay off other people’s student loans. They especially shouldn’t have to pay off the loans of Hamas sympathizers shutting down and defacing campuses. https://t.co/3CfGqLz2pW

— Tom Cotton (@SenTomCotton) May 2, 2024

The Gaza protesters are the new January 6ers.

They are going to get all of those same punishments. They are going to get worse punishments, actually, because Israel is a lot more important to the US government than the US presidential elections.

That said, this is sort of a canard. No one is getting a student loan bailout anyway.

This is just Tom Cotton looking for more Jew dick to suck. He’s scrambling around everywhere, trying to find more dicks to suck on.

New York Post:

Sen. Tom Cotton (R-Ark.) introduced legislation on Friday that would prevent anti-Israel protesters from receiving student loan forgiveness if they are convicted of a crime stemming from campus demonstrations.

The Arkansas Republican’s No Bailouts for Campus Criminals Act, which is co-sponsored by 18 other GOP senators, would make any individual convicted of a state or federal offense in connection with a campus protest ineligible for any federal student loan relief.

“Hamas sympathizers engaging in criminal behavior on college campuses should be ineligible for student loan bailouts,” Sen. Marsha Blackburn (R-Tenn.), one the bill’s co-sponsors, said in a statement.

“We must hold these criminals accountable and ensure taxpayer dollars do not go toward paying off their debt,” she added.

Rep. Brandon Williams (R-NY) is leading companion legislation in the House of Representatives.

How can they call these criminals?

What is even going on?

This has all gotten so weird.

It’s become shades of the coronavirus hoax – it feels like reality is collapsing once again.

]]>
College is a Scam Setting People Up for Failure, Research Director Says https://www.anglinarchive.com/2022/12/28/college-is-a-scam-setting-people-up-for-failure-research-director-says/ Wed, 28 Dec 2022 00:00:00 +0000

And they want us to pay off their loans…dopes

— Joe Smith (@JoeSmit74) December 28, 2022

It’s always nice to have people in-the-know confirm things you already know.

New York Post:

The exorbitant costs of attending college sets students up for failure — and higher education is often a “scam” and unnecessary in some fields, a writer and researcher on market influences and monopolies said.

“I think that the financial aspects of college or higher education have overwhelmed the ability to create a citizenry on a very basic level,” Matt Stoller, a research director at the American Economic Liberties Project, told Fox News. “This is kind of like a slow-burning crisis that we have to look into.”

The average cost of going to a private college — including tuition, fees, books and room and board — went from $2,930 per year in 1971 to $51,690 in 2021, according to data from the nonprofit group College Board. Nearly a third of parents and students believe that college is overpriced, according to a recent Sallie Mae and Ipsos study.

Matt Stoller

“I think that schooling exists to make citizens and to build a moral, self-governing society. Also, it’s there to let you get a job and build a life,” Stoller said. “I think that we’re falling down on all counts of that, and we have to look at why that is.”

Colleges are “such a mess in terms of administrative bloat” and are “saddling people with a lot of debt,” he added. “You can’t come out of a school with lots of debt and be a good citizen — you are now a dependent of someone else.”

Stoller also questioned the necessity of some degrees, like journalism. The high cost associated with journalism school, he said, “shows that it’s just a credentialing mechanism for a social class more than it is like a practical way to think about free expression in a democracy.”

…

“Journalism used to be a working-class profession. There’s no rocket science behind writing a news article,” Stoller, who writes weekly newsletters for his own Substack account, told Fox News. “You just figure out what’s going on and you write it down.”

“You need a high school degree for that – that’s it,” he said.

Yeah, journalists do a bit more than that now, but I agree with the premise.

]]>
Black People With Student Loan Debts Owe More Than White Borrowers, Struggle More https://www.anglinarchive.com/2022/08/26/black-people-with-student-loan-debts-owe-more-than-white-borrowers-struggle-more/ Fri, 26 Aug 2022 00:00:00 +0000

The burden of student loan debt is especially heavy for Black and Hispanic borrowers who on average have less family wealth to rely on to pay for college. And the pandemic only made things worse.

This relief helps to narrow the racial wealth gap and advance racial equity.

— President Biden (@POTUS) August 25, 2022

The funny thing is, the blacks with student loan debt don’t even graduate.

Sending blacks to college is utterly ridiculous. I mean, I’m sure there are some that qualify. Some, I assume, have IQs above 100. But they would be rare.

But the government enabled these loans for the blacks, as if they were going to graduate and become rocket surgeons.

AP:

Gabrielle Perry, a 29-year-old epidemiologist in New Orleans, expects $20,000 of her $135,000 student loan debt to be wiped out under the plan announced this week by President Joe Biden. She is happy for the relief, but disappointed he isn’t fully canceling student debt that weighs especially heavy on African Americans.

For her, it’s discouraging that Biden isn’t doing more to help a constituency that played a critical role in his presidential campaign. Perry, who cares for and financially supports her disabled mother, said those obligations act as a societal tax on Black people, preventing the growth of generational wealth.

“You are ensuring that your little brothers and sisters have what they need for school,” Perry said. “You are helping your parents pay off their rent, their house. So your quote-unquote wealth doesn’t even have time to be built because you’re trying to help your family survive.”

Black borrowers on average carry about $40,000 in federal student loan debt, $10,000 more than white borrowers, according to federal education data. The disparity reflects a racial wealth gap in the U.S. — one that some advocates say the debt relief plan does not do enough to narrow.

One in four Black borrowers would see their debt cleared entirely under the administration’s plan, which cancels $10,000 in federal student loan debt for those with incomes below $125,000 a year, or households that earn less than $250,000. The plan includes an additional $10,000 in relief for Pell Grant recipients, who are more than twice as likely to be Black.

But more work needs to be done to make higher education accessible and affordable, said Wisdom Cole, national director of the NAACP Youth & College Division.

“When we think about education and higher education, fundamentally, it’s the promise of an equitable future,” Cole said. “We have so many Black graduates who go through the system, graduate and are not able to see that future because they disproportionately risk taking out loans.”

Perry faced steep challenges to complete her education. Homeless for nearly a year, she had to drop out of school and saw the interest on her loans balloon. She also faced incarceration. Eventually, she was able to get her record expunged and earned a master’s in public health from Tulane University, graduating just in time for the COVID-19 pandemic.

The pandemic-era freeze on student loan payments, combined with raises at work, allowed Perry to achieve a sense of stability for the first time in her life. She was able to pay off her car, help her disabled mother, and start a nonprofit, the Thurman Perry Foundation, that gives college scholarships to currently or formerly incarcerated women and their daughters.

“That time with that payment pause, it didn’t just build up my life,” Perry said. “It even helped me pull my mother out of poverty. I got her into a safer place to live. It reverberated for people like me. Because I know that there are other people living worse than what I survived.”

Black students are more likely to take on debt to finance their education, and in larger amounts, in part because of the wealth gap that makes it less likely for Black families to be able to finance their children’s education.

This student loan debt forgiveness is just a hoax – it’s obviously designed to boost the Democrats in the mid-terms, and I’m sure it’s popular, but all they’re doing is making taxpayers pay. Someone should have to pay, but it should be the universities that came up with this scheme in the first place. Universities are largely useless, and I would fully support bankrupting them by forcing them to pay student loan debt of everyone who has graduated from their institutions and failed to secure gainful employment.

The universities promise their degrees will lead to gainful employment, and that doesn’t usually happen, so they are committing fraud, and they should be sued by the government for the cost of these student loans.

Right? That makes sense.

Taxpayers having to pay the loans makes no sense, and all this does is increase inflation even worse.

]]>
Number of Old People with Student Loan Debt Exploding, Many Will Pay in Their 90s https://www.anglinarchive.com/2021/06/24/number-of-old-people-with-student-loan-debt-exploding-many-will-pay-in-their-90s/ Thu, 24 Jun 2021 00:00:00 +0000

Well, at least everyone got to experience the college experience.

Even if their degrees are completely worthless and they will never live normal lives because they’re buried in debt. They’ll always have the experience.

Bloomberg:

It’s hard enough to pay off college loans out of a salary. It doesn’t get any easier when you retire.

The fastest-growing chunk of the U.S.’s $1.7 trillion student-loan pile is the one held by the oldest borrowers. There are now about 8.7 million Americans aged over 50 who are still paying off college loans, and their debt has increased by about half since 2017.

Growing Burden

Since 2017 student debt has grown fastest among older Americans

Some took out loans to help their children, and could be well into their 90s before they’re done repaying. Others went back to school later in life. In both cases, borrowers got saddled with hefty interest rates that inflated their balance.

“The interest accrued big-time,” says Alma Topete, 60, who borrowed about $30,000 and owes $70,000 today. “I never expected to have to have a loan at this age.”

That’s why the looming resumption of payments on student loans is a challenge that spans the generations. A pandemic moratorium is due to run out at the end of September, with no progress so far on the debt forgiveness that President Joe Biden promised during his election campaign.

Student loans weren’t supposed to turn into a lifelong burden. The U.S. higher education system, which relies more on individual borrowing than global peers, is premised on the idea that graduates should be able to clear their debt relatively early in their working lives. Most loans come with a 10-year repayment plan, one-third the length of a typical mortgage.

Still on the Hook

But the reality for many borrowers is very different. Frank Sizer Jr., who’s 77, reckons he has nearly two decades of payments still to go. A former prison warden, Sizer borrowed money to help his son study biology at Bridgewater College in Virginia. He retired in 2010 — two years after his son graduated — and currently owes about $52,000.

“God knows what the original amount was,” he says. “It just continued to grow.” He expected to have paid it off before retiring, and it’s only gotten harder to find the $500 a month for loan payments because “you don’t have the income that you did when you were working.”

One reason why parent borrowers like Sizer often find their loan balances swelling is that they have to pay higher interest rates.

Since mid-2006, federally backed loans under the Parent PLUS program have charged an average of 466 basis points above U.S. Treasury bonds, well above the typical rate for student borrowers. And loans to parents come with a hefty one-time origination fee too. The current going rate is 4.23% of the total amount borrowed — about four times what students are typically charged.

It’s not just parental borrowers who suffer from ballooning loan balances late in life.

For many older Americans, the kind of smooth career path that would’ve allowed them to repay loans on schedule proved unattainable — especially in what’s often been a tough job market since the 2008 financial crisis. Some went back to school to equip themselves with fresh skills, and ended up saddled with new debts instead.

Senior Delinquents

Topete used to be a school-bus driver in Stockton, California, until back-to-back traffic accidents led to debilitating health problems that ultimately put her out of a job.

Her main objective after that, she says, was to go back to school and “learn how to work computers” so she’d be qualified for “more of an office-setting-type job.” As a single parent, she needed the loans to help with everyday bills as well as books and classes.

But now, she says medical issues make it unlikely she can work full-time and earn enough money to ever repay the debt in full. “I just don’t see a way out.”

Unlike many types of debt, there’s no way out of student loans via bankruptcy. Federally backed ones are dischargeable in death, so they don’t get passed on to loved ones.

Retirees who still owe money can find loan repayments getting deducted from their social security income. In fiscal year 2019, the last full one before the pandemic freeze, the Department of Education recouped $4.9 billion from benefits due under government programs.

That’s helped make student debt a talking point at retirement homes as well as college bars.

Debt Share by Product Type and Age

In The Villages, for example, a vast age-restricted community in central Florida, the median loan balance rose to $17,921 at the end of 2019, from $11,110 a decade earlier. Before the pandemic forbearance, one in eight borrowers there was severely delinquent, according to the Philadelphia Fed’s Consumer Credit Explorer.

When payments fall due again on Oct. 1, more may struggle to pay. It’s not clear if the government will have taken any steps toward debt writedowns by then.

Biden promised to forgive as much as $10,000 of student loans per borrower. But the president says he’s reluctant to use executive authority to cancel the debt, as some fellow Democrats have urged him to do, and his administration hasn’t outlined an alternative strategy.

Yeah, sorry – none of the things that Biden promised are going to happen, aside from the anti-white stuff and the war stuff.

He will crush whitey, and he will start wars with China and Russia, but he’s not going to give you money or clear your debt.

It’s very easy to understand what he will and won’t do; simply consider what is beneficial to Jewish financial institutions.

To be fair, top Jew Chuck Schumer is out there shilling for student loan forgiveness.

But he’s doing this because either he knows Biden won’t actually do it, or because he’s trying to purposefully collapse the economic system completely.

Probably, you couldn’t forgive student loans without totally collapsing this fake economic scheme, so maybe that’s what they’re planning on.

Who knows.

What I do know is this: whatever happens, it’s not going to be good for you.

]]>
Millionaire Jew Brian Goldner Mocks Goyim – “Monopoly For Millennials: Forget Real Estate. You Can’t Afford It Anyway.” https://www.anglinarchive.com/2018/11/16/millionaire-jew-brian-goldner-mocks-goyim-monopoly-for-millennials-forget-real-estate-you-cant-afford-it-anyway/ Fri, 16 Nov 2018 00:00:00 +0000 Luis Castillo
Daily Stormer
November 16, 2018

Goyim, I…

I think they’re making fun of us.

Yes, that is what this is. After Jewish policies made it so that no one can get a job or afford to own anything, drove a generation into debt for useless degrees, and gave us avocados and lattes in exchange for family property, the Jews running Hasbro are now making fun of what their people have done to America.

Time:

Monopoly, the timeless game about owning property, has a new edition targeting the people infamous for their inability to do so: Millennials.

Hasbro, the maker of the board game, has unveiled a new edition called Monopoly for Millennials, a twist on the original apparently targeted at the generation of people born between 1981-1996.

On the cover of new edition, Rich Uncle Pennybags dons earphones, sunglasses, and a “participation” medal while taking a selfie. Below, the game’s tagline reads: “Forget real estate. You can’t afford it anyway.”

“Money doesn’t always buy a great time, but experiences, whether they’re good — or weird — last forever,” reads the game’s description. So rather than collect cash and real estate, as in traditional versions, players collect experiences such as dining at a vegan bistro or doing a meditation retreat—or simply staying in their parents’ basement.

“Adulting is hard. You deserve a break from the rat race!” the blurb adds. Game pieces include a crying emoji and a hashtag.

But the game has drawn mixed reactions. Many millennials are offended while others find it hilarious and jeer at any negative reaction as a classic instance of millennials being coddled.

Others find the jokes overdone and point to the massive levels of student debt burdening many young adults.

I think this is funny. I really do.

Let me show you who else thinks this is funny.

The Jew Brian Goldner, Hasbro Chairman and CEO, thinks this is funny.

Brian Goldner can afford real estate.

Some goyim, however, who cannot afford real estate, did not like being made fun of.

I wish more extremely rich Jews would come out and tell us exactly what they think of us. Multi-millionaire Jews making fun of worker/renter goyim serfs for being poorer than our parents is a very positive trend, and I hope it continues.

Here is Brian Goldner’s Twitter, if you want to tell him what you think about his games.

]]>
Some States Now Suspending Driver’s Licences for Unpaid Student Loans https://www.anglinarchive.com/2017/11/23/some-states-now-suspending-drivers-licences-for-unpaid-student-loans/ Thu, 23 Nov 2017 00:00:00 +0000 Tim Hort
Daily Stormer
November 23, 2017

Some states in America are now stopping people from being unable to drive if they can’t pay off their student loans.

So now on top of crippling debt and likely being unable to get a job, you no longer can drive to get to the job you do have or try and find one.

]]>
Sam Hyde Offers Us Advice on College and Boomers https://www.anglinarchive.com/2017/10/12/sam-hyde-offers-us-advice-on-college-and-boomers/ Thu, 12 Oct 2017 00:00:00 +0000 Joe Jones
Daily Stormer
October 12, 2017

Sam Hyde decided that it may be a good idea to talk to his younger audience about college and the fact boomers are mentally retarded.

As usual, he’s right.

For most people, college in the current year is worthless and will have you in debt for the rest of your life.

Boomers are also incapable of understanding that they fucked everything up for everyone.

]]>