College student with $146,000 in student debt says blocking Biden's relief 'feels like a really sick game'

[DigitalDrifter]

His "American dream" is to get American workers to pay off his college debt.

A first-generation college student with $146,000 in student debt says blocking Biden's relief 'feels like a really sick game': 'It's not the American dream that we were promised'​

Borrower with $146K in student debt: Blocking relief is 'sick game'

Guilherme Lopes said the uncertainty of whether some of his student loans will be forgiven is taking a mental toll on him and his family.

www.businessinsider.com

 

[RoshawnMarkwees]

Sounds like he majored in economics at Boston U.

 

[HereWeGoAgain]

So he's the first person in his family to go to college.
So fucken what!!!
Typical low life beaner.

 

[Rogue AI]

Secondary education in America is the biggest racket in the country. Government guarantees loans to colleges who lowered their standards to anyone who might be breathing. The fact many of them will never graduate is irrelevant to both. Debt racks up, liberals run on promises of debt forgiveness and the cycle continues. Millions suffer just to keep liberals in power. Pathetic.

 

[fncceo]

blocking Biden's relief 'feels like a really sick game'​

A very sick game, that Biden and The Democrats started.

 

[fncceo]

So he's the first person in his family to go to college.

The first one in his family to get someone else to pay for his college.

 

[LeftofLeft]

Why does the financial aid system allow or enable these situations to happen to people? There needs to be some part of the process that makes the student aware that the more they take out in loans, the more difficult to pay back. Did this Mr. Lopes assume all of this debt going two years to a local community college and then two years to an in-state university? Doubtful. He probably was sold a bill of goods that the same education was worth more at an out of state school or an out of state private university. This shit needs to stop.

While we are at it, trade schools assistance needs to be stepped up and small business loans need to be increased for these skilled workers looking to go into business for themselves.

 

[jotathought]

His "American dream" is to get American workers to pay off his college debt.

A first-generation college student with $146,000 in student debt says blocking Biden's relief 'feels like a really sick game': 'It's not the American dream that we were promised'​

Reading the article, I see the following:

• Guilherme Lopes, 31, is a first-generation college student with $146,000 in student debt.
• He said the recent court decisions blocking the debt relief "feels like a really sick game."
• The uncertainty of the relief is prohibiting him from financially planning for the future.

The guy is from Brazil - a minority who could take advantage of affirmative action for scholarships and tuition assistance. What was his major, and why is he being reactive after he's already spent the money? When you're using financial aid, it shouldn't be a surprise to see your balance over time, and he should have taken advantage of eliciting information BEFORE he spent the money.

Government has ultimately increased the demand for education, and the corresponding financial assistance. The result: unsustainable costs that produce these results. Additionally, as more people get higher education, when a majority are educated, it lowers the value of having a degree. Now government wants to provide relief for the problem it created.

 

[fncceo]

There needs to be some part of the process that makes the student aware that the more they take out in loans, the more difficult to pay back.

There is ... and it's all spelled out in the loan agreement the student signs BEFORE he borrows the money.

I would submit than anyone incapable of understanding the agreement which they sign probably should NOT be going to college in the first place.

 

[Death-Ninja]

As a nonprofit worker currently making a five-figure salary, Lopes is also enrolled in the Public Service Loan Forgiveness program, which promises to forgive student debt for government and nonprofit workers after ten years of qualifying payments. But he still has a ways to go on that repayment plan, and he was hoping $10,000 in relief would help him progress quicker. He also had high hopes that it would aid his mother and brother, who also hold student debt.

"It feels really cruddy, because my mom is an immigrant woman who crossed the border and found citizenship here and went through the struggle, finally worked up the courage to take online class and got her master's all online, and she also owes money at the age of 65," Lopes said. "It's just terribly unkind. It's not the American dream that we were promised coming over."

In other words they are fucking illegal aliens, in whole or in part, she crossed the border he whines, what he means is she sneaked into the United States, and just imagine, now they are doing the same exact BS in regards to the hundreds of thousands they owe for their education, trying to "sneak out of paying it!" Oh, and this illegal works for the federal government, he's in the "public service loan program" which will scrub his debts clean after ten years of timely payments, he's fucking whining about that too!

 

[Toddsterpatriot]

His "American dream" is to get American workers to pay off his college debt.

A first-generation college student with $146,000 in student debt says blocking Biden's relief 'feels like a really sick game': 'It's not the American dream that we were promised'​

Students with no clue about compounding interest or debt are borrowing huge amounts of money and fewer than 2/3rds even complete their bachelor's within 5 years.

 

[Toddsterpatriot]

Reading the article, I see the following:


The guy is from Brazil - a minority who could take advantage of affirmative action for scholarships and tuition assistance. What was his major, and why is he being reactive after he's already spent the money? When you're using financial aid, it shouldn't be a surprise to see your balance over time, and he should have taken advantage of eliciting information BEFORE he spent the money.

Government has ultimately increased the demand for education, and the corresponding financial assistance. The result: unsustainable costs that produce these results. Additionally, as more people get higher education, when a majority are educated, it lowers the value of having a degree. Now government wants to provide relief for the problem it created.

What was his major, and why is he being reactive after he's already spent the money?

As a nonprofit worker currently making a five-figure salary, Lopes is also enrolled in the Public Service Loan Forgiveness program, which promises to forgive student debt for government and nonprofit workers after ten years of qualifying payments. But he still has a ways to go on that repayment plan, and he was hoping $10,000 in relief would help him progress quicker. He also had high hopes that it would aid his mother and brother, who also hold student debt.

He graduated with a crappy degree in 2013 with $100,000 in debt and, with interest, now owes $146,000.

 

[jotathought]

What was his major, and why is he being reactive after he's already spent the money?

As a nonprofit worker currently making a five-figure salary, Lopes is also enrolled in the Public Service Loan Forgiveness program, which promises to forgive student debt for government and nonprofit workers after ten years of qualifying payments. But he still has a ways to go on that repayment plan, and he was hoping $10,000 in relief would help him progress quicker. He also had high hopes that it would aid his mother and brother, who also hold student debt.

He graduated with a crappy degree in 2013 with $100,000 in debt and, with interest, now owes $146,000.

First of all .. $10K against a $146K debt is negligible. The expectation for others to contribute / cover his debt that he chose to accept for a degree providing little to no value is .. the perfect storm and self-induced.

 

[LeftofLeft]

There is ... and it's all spelled out in the loan agreement the student signs BEFORE he borrows the money.

I would submit than anyone incapable of understanding the agreement which they sign probably should NOT be going to college in the first place.

A big part of the problem is entitlement. Students and their families feel they are better than the local community college and state school and feel compelled beyond reason to go to a school they cannot afford now nor in the future. That mindset needs to change..

 

[EvilCat Breath]

It's not the American dream that he was promised.

No one promised him Jack shit. Go back to wherever the fuck he came from.

 

[Resnic]

He is right. It isn't the American dream to have someone else pay your personal debt. It never was the American dream to have someone else pay everything for you so you can reap all the benefits of America but not have to work for any of it.

I never expected anyone to pay off my mortgage, the car I financed or my credit card debt. I agreed to borrow all that money with terms and conditions.

 

[Flash]

His "American dream" is to get American workers to pay off his college debt.

A first-generation college student with $146,000 in student debt says blocking Biden's relief 'feels like a really sick game': 'It's not the American dream that we were promised'​

Moon Bats are gullible as hell. Their greed makes them that way.

They fell for the scam.

Just like they fell for the scam of getting a worthless degree.

 

[jbrownson0831]

Why does the financial aid system allow or enable these situations to happen to people? There needs to be some part of the process that makes the student aware that the more they take out in loans, the more difficult to pay back. Did this Mr. Lopes assume all of this debt going two years to a local community college and then two years to an in-state university? Doubtful. He probably was sold a bill of goods that the same education was worth more at an out of state school or an out of state private university. This shit needs to stop.

While we are at it, trade schools assistance needs to be stepped up and small business loans need to be increased for these skilled workers looking to go into business for themselves.

God gave us all brains, to use and be responsible for ourselves. Stop blaming others for mistakes the individual him/herself make.

 

[Lisa558]

He graduated with $100,000 in student loans? And now it’s $146,000?

1. Why didn’t he go to a community college for his first two years (total tuition around $10,000) and then a state university for his last two years (for a total of around $30,000) for a total debt of $40,000?

2. If he came from as poor a family as he says, he would have gotten Pell Grants, meaning his debt would have been only $20,000.

3. If he were college material, he would have aced community college and gotten a scholarship of around 1/3 to the state college, meaning his debt would have totaled only $10,000.

4. He decided instead to go directly to an expensive college, apparently won no academic scholarships, and now wants workers to pay off his loan?

5. He earns a five-figure salary? That could be $95,000 a year. Cry me a River.

 

[LeftofLeft]

God gave us all brains, to use and be responsible for ourselves. Stop blaming others for mistakes the individual him/herself make.

Agreed to a point but much like financial controls and limits put in place for a mortgage, there needs to be some as well for school loans. Going to that private college three time zones away may seem more appealing and glamorous as opposed to going to the local community college for two years and the state university for two years but if you can get a degree in the same field at 1/4 of the price, then that is what your loan should be capped.