Kat Timpf Sums Up Student Loans With Brutal Honest Brevity (Of Course There’s A Pic)

Sort of like Ukraine. Right Kat? Oh wait!

first of all, let's stop acting like middle class would be paying it off.

She is a human smurfette

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She said she saw what the loan would entail and she chose not to take one.

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Yep. She had been admitted to Columbia. She thought hard about the loans she would have to take out and made the decision not to go to Columbia.

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first of all, let's stop acting like middle class would be paying it off.

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That's true. It's even worse. It will be the middle class' children saddled with repaying the deficit spending needed for this.

I can't imagine saddling my kid with debt they got zero benefit from, while those that took the money simply walk away. Cruel.

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first of all, let's stop acting like middle class would be paying it off.

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The middle class pays the majority of income taxes and is more affected by inflation, so who would be paying for it then? They either pay for it through taxes or they "pay for it" through inflation.

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That's true. It's even worse. It will be the middle class' children saddled with repaying the deficit spending needed for this.

I can't imagine saddling my kid with debt they got zero benefit from, while those that took the money simply walk away. Cruel.

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Yep that’s exactly what I keep saying about any of this deficit spending no matter who is in office. Biden, Trump, Obama, whoever. It just puts it on the credit card for our kids to pay off which is shite. My daughter didn’t agree to pay for all this bs. She didn’t agree to pay for people to take off work for a year because of frickin Covid. Or reparations. Or student loans. Or anything

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I agree and simply another Pandora's Box being opened which will inevitably lead to the next - just don't know which one but there will be a next.

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You took out a loan. Nobody forced you..Pay the damn thing yourself.

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I continue to repeat = "the ONLY institution that should be in the business of making student loans are the universities themselves."

IF they think what they are offering is worth the cost they will charge, then loan him the $$.

And it is then up to them to make sure he is diligent enough to take the right course load, is making grades commensurate with their investment in him, provide the proper level of competence to instruct him, and above all else, is pursuing a degree that has some value.

Otherwise you are just financing party animals having fun, if there is no capacity for the recipient to ever be able to pay it off with the 'education' you are charging them for.

To have the 'truck driver' pitch in to pay off some party animal's debt for spending $200,000 for 6 years of partying and coming away with a sheet of paper saying 'I majored in East African women's studies' makes zero sense. Especially when that truck driver is working 80 hour weeks to pay his own children's community college tuition.