As resumption of educational debt repayment looms, more than 7 in 10 borrowers say they are taking on extra work, while half say they don't know whether they'll be able to make payments come October.
Many people can’t afford to move. When were you born? Just give me a decade. You sound like a Boomer. Born into a fantastic economic situation, ruining it for the future, and then sitting on the sidelines with stupid fucking opinions
Calling an outsider looking in, a “boomer,” doesn’t help the situation. My 25-30s were spent just-fucking-escaping that cesspool. Again, if you owe more than say… 10k, it makes more sense to take your diploma to another country.
10k is way more money than it takes to get to Canada, Germany, France, Spain, Australia, anywhere really. Every single other “industrialized” nation pays for their citizens healthcare because it’s cheaper in the long run.
If you can find a SEA country that will take you? Even more power to you.
Don’t see the world from your own lemmy.world myopic-viewpoint. Big, big banks’ collateral will be fucked when these types of loans all collapse and get downgraded by fitch(/etc). Not paying will just shorten the fuse for these trillion $ orgs.
For one, you dodged the question. For two, wanna float me 10+ grand? Promise I’ll pay it back in social security. I already started payment so you know I’m good for it.
Edit to add (since you’re probably too old to understand acronyms): How old are you? You’ve failed to answer this question
Take 100% of what unemployment will pay you for 5-6 weeks. Depends on the state, but this gave me 5.6k. Hunker down and eat staple foods. Even during inflationary times, you can get by pretty cheaply on rice/chicken/eggs.
Take out a loan with an American country company. If they lent you 100k for school, maybe Sofi or some other online bank would give you 20k. Now prepare to move anything you care about to your destination.
UHAUL’s long term rentals are very cheap (esp if you have a hitch already and can tow it yourself). If you don’t have a car, that might be a good first step with the 25.6k if you’re thinking of Canada.
If you’re thinking EU, you’re going to make sure you can get a visa to where you’re going. Also sell most of your heavy items, as you’re going to want to just buy those heavier objects when you get there. Treat items like a price/density ratio and try to keep sentimental things over “I want to be cool” items like heavy computers or other electronics.
Getting a passport in the states is the biggest hurdle. Be very specific and follow instructions or they will send it back weeks later saying to fix something (try again). Currently their website lists a “record number” of requests of people trying to leave. :/
Something like 10-13 weeks to get a passport…?, USA needs to step tf up
I have a passport already, my work paid for it. That’s not the issue. The issue is that student loans are burdening people in an unmanageable way. Once the payments start kicking in, I’ll be fine, but many people won’t. Should they have not got useless degrees, Ya. But they don’t deserve to suffer for it when everyone told them to choose whatever they want. But that shouldn’t haunt them for the rest of their lives. I’m done arguing, so this is my opinion. Agree or not, that’s fine
20-40s who can “afford to move” should have already done so. Boiling frogs, just sitting there. Owe 80k to Chase Bank? Just. Fucking. Leave.
Many people can’t afford to move. When were you born? Just give me a decade. You sound like a Boomer. Born into a fantastic economic situation, ruining it for the future, and then sitting on the sidelines with stupid fucking opinions
Calling an outsider looking in, a “boomer,” doesn’t help the situation. My 25-30s were spent just-fucking-escaping that cesspool. Again, if you owe more than say… 10k, it makes more sense to take your diploma to another country.
10k is way more money than it takes to get to Canada, Germany, France, Spain, Australia, anywhere really. Every single other “industrialized” nation pays for their citizens healthcare because it’s cheaper in the long run.
If you can find a SEA country that will take you? Even more power to you.
Don’t see the world from your own lemmy.world myopic-viewpoint. Big, big banks’ collateral will be fucked when these types of loans all collapse and get downgraded by fitch(/etc). Not paying will just shorten the fuse for these trillion $ orgs.
For one, you dodged the question. For two, wanna float me 10+ grand? Promise I’ll pay it back in social security. I already started payment so you know I’m good for it.
Edit to add (since you’re probably too old to understand acronyms): How old are you? You’ve failed to answer this question
Take 100% of what unemployment will pay you for 5-6 weeks. Depends on the state, but this gave me 5.6k. Hunker down and eat staple foods. Even during inflationary times, you can get by pretty cheaply on rice/chicken/eggs.
Take out a loan with an American
countrycompany. If they lent you 100k for school, maybe Sofi or some other online bank would give you 20k. Now prepare to move anything you care about to your destination.UHAUL’s long term rentals are very cheap (esp if you have a hitch already and can tow it yourself). If you don’t have a car, that might be a good first step with the 25.6k if you’re thinking of Canada.
If you’re thinking EU, you’re going to make sure you can get a visa to where you’re going. Also sell most of your heavy items, as you’re going to want to just buy those heavier objects when you get there. Treat items like a price/density ratio and try to keep sentimental things over “I want to be cool” items like heavy computers or other electronics.
Ok sorry for being so flip, this is decent advice. Just stop eating avocado toast and you’ll own a house, guys!!! Just listen to this man!!!1!1!1
Getting a passport in the states is the biggest hurdle. Be very specific and follow instructions or they will send it back weeks later saying to fix something (try again). Currently their website lists a “record number” of requests of people trying to leave. :/
Something like 10-13 weeks to get a passport…?, USA needs to step tf up
I have a passport already, my work paid for it. That’s not the issue. The issue is that student loans are burdening people in an unmanageable way. Once the payments start kicking in, I’ll be fine, but many people won’t. Should they have not got useless degrees, Ya. But they don’t deserve to suffer for it when everyone told them to choose whatever they want. But that shouldn’t haunt them for the rest of their lives. I’m done arguing, so this is my opinion. Agree or not, that’s fine
Disengage comrade