Student Loan Debt & Going Bankrupt

The Institute for Financial Literacy says that college graduates are the fastest growing group of those filing for bankruptcy protection. Watch more TYT U here: http://www.youtube.com/tytuniversity

Category:

Education

Tags:

• StudentLoans
• CollegeGraduate
• CollegeGraduates
• StudentDebt
• StudentLoanDebt
• StudentLoanDefault
• StudentLoanInterest
• CollegeTuition
• CollegeBankrupt
• CollegeBankruptcy
• TytUniversity
• TytU
• AnaKasparian
• JayaJackson

[MrHav1k]

@spiderpig85

"A real job." lol. Have fun at mcdonalds bro. I don't know what fucked up world you live in where working in an office isn't a real job.

[MrHav1k]

@spiderpig85

Oh, I see, so the tax payers are giving your ass subsidies, nice.......

eat a dick.

[manonthemount]

My parents worked and borrowed to pay for college. The money they had to spend on student loan interest is money they could not save for my education. I worked and borrowed to pay for college. The money I am spending on student loan interest is money I cannot save for my children's education. They will probably have to work and borrow for college.

This cycle siphons wealth over generations from hard-working families to the lenders, primarily corporate banks whose stockholders are the 1%

[TheVeeginator]

Yeah, in England we just have a loan that we don't pay back until we earn more than £16,000 per year.

[coopclauson]

"Think about those people who were deceived into thinking that taking out those loans would be 100% okay"

Not to sound unsympathetic, but every time someone told me this this sounded like total BS to me. "Take out a massive loan, and give me the money to provide an extremely overpriced service to you!" I kind of feel bad for the people who did this, but at the same time I'm kind of confused that anyone believed this.

[mrspazshot]

@SIC66SIC66 i am everyday i get up and smoke a bowl and go about day in a peaceful manner

money thankfully hasnt been a problem for me :3

[HappyGuyMikeF]

My one question is, interest is based on risk, if you cannot wipe out debt by bankruptcy, there is no risk, so why are students paying 8-12 percent interest on student loans???? that is the real question that must be asked of legislators. If you cant wipe it out, then it should be a zero rate loan, period.

[gulllars]

Well, to be somewhat fair, before looking at the median income, you should separate students below and above a C average. That's generally the line that separates those who are skilled or have ambition, and those who see education as a necessary evil or lack skill. At my university, we've had talks by leaders of local high-tech industry (world leading high-tech in several fields) and they emphasize this with anything below a C on your record as a character reflection. Though A vs B matters less.

[phonecpus]

How fucked up is your planet right now ? Just think about it .

[jimbobjimminy]

Are we sure Anna is representing those stats right? Is it not x% of those who file for bankrupcy are students rather than x% of students file for bankrupcy?

[BigBaldAndBadass]

@sleazybtd

You obviously have no idea what shape the economy is in or the reasons behind it. I would say you are a conservative with your line of thinking.

[sleazybtd]

@BigBaldAndBadass You seem to have trouble grasping the idea that the economy fluctuates over time. You also seem to have trouble grasping the idea of long-term thinking.

I'm going to take a wild guess and guess that you're a conservative.