Home › Forums › MGTOW Central › Student Loan Bubble
This topic contains 27 replies, has 19 voices, and was last updated by 
Beer 3 years, 5 months ago.
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Here it comes guys.
This one graph shows why the higher ed bubble may be close to bursting
Any thoughst?
Love is just alimony waiting to happen. Visit mgtow.com.
Meanwhile in the Soros Mansion :
Personal Assistant : “Mr. Soros the student loan bubble is about to burst!!!”
George Soros : “Excellent, Excellent!!!”"We didn't start the fire. It was always burning. Since the world's been turning" "A world that vilifies men only breeds a generation of men that feel no empathy towards women" “In a woman’s mind , there is really no such thing as a ‘we’. In her eyes, earth allways revolves around her, not the other way around. So thinking that your needs , aspirations or desires are valid enough to be persued, or even that you are entitled achive such goals, is like asking your boss for a pay rise in your very first day at the job.”
A fool and their money are soon parted. And lending to fools is foolish.
There’s been a Student loan bubble for the last 10 yrs. It’s because of those Single mommy colleges (for profit college), then turn around and make claims that women are more educated then men.
One big bubbling lie.
Shit Tested, Cunt Approved.
It’s coming. And most graduates are unable to find work in the field they went to school for and instead get some other job that didn’t require a college degree. So, by the time you’re 22 or 24, you have what is essentially a massive mortgage payment and no house to show for it.
It’s a raw deal, fellas. And feminists like to trumpet more women going to college. More women going to college and getting into debt? Hell, sounds good to me ladies.
Feminism is a movement where opinions are presented as facts and emotions are presented as evidence.
It’s coming. And most graduates are unable to find work in the field they went to school for and instead get some other job that didn’t require a college degree. So, by the time you’re 22 or 24, you have what is essentially a massive mortgage payment and no house to show for it.
It’s a raw deal, fellas. And feminists like to trumpet more women going to college. More women going to college and getting into debt? Hell, sounds good to me ladies.
As long as I don’t have to bail them out.
Love is just alimony waiting to happen. Visit mgtow.com.
Meanwhile in the Soros Mansion :
Personal Assistant : “Mr. Soros the student loan bubble is about to burst!!!”
George Soros : “Excellent, Excellent!!!”More people need to recognise his part in the fall of the West.
He sold out his fellow jews in nazi Germany for money so that says all you need to know about him
More people need to recognise his part in the fall of the West.
He sold out his fellow jews in nazi Germany for money so that says all you need to know about him
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Can you post a link so I can research this?
Love is just alimony waiting to happen. Visit mgtow.com.
It’s coming. And most graduates are unable to find work in the field they went to school for and instead get some other job that didn’t require a college degree.
That no longer is an option.
In most cases. Wetbacks get the lower end jobs. While the higher end jobs go the imported H1B visa foreigners. That is not counting the jobs sent overseas.
Any jobs that are left go to the affirmative action crowd.
And the American people are screwed.
Anonymous42I see there’s so many successful gender studies graduates finding work in that field to pay off their loan, right?
They’re getting an indirect education on feminism and all the progress it hasn’t achieved.
Wassamatta sugar plum, life under feminism has you impoverished, barefoot, and pregnant?
Since 90% of student loans are FEDERAL, the taxpayers (at least in the US) WILL be on the hook. Private sector loans comprise under 10% of the total. Tuition is increasing much faster than inflation, and while Soros supports these loans, I’m not sure a huge part of the blame can be placed upon him individually. Of course, there are many reasons to dislike Soros, such as all the money he has donated to Shrillery’s campaign…
The reason for the bubble IS the availability of these publicly-funded loans; if you subsidize something, you will raise costs.
The situation you have in health care is analagous; as more people became insured, costs rose much faster than inflation. When hospitals had to compete with one another, and almost no one was insured (1940’s and prior), you saw them posting rates. Now I realize, there are many more drugs and treatments, diagnostic equipment, etc, which justify increases for specialized care and new medications today than nearly a century ago. But MOST of the increase is due to lack of competition, which in turn, is caused by insurance. Nobody cares about spending someone else’s money.
Let’s say I’m president of a large public university. What incentive would I have (if I even truly had the power) to introduce distance learning for non-lab classes, downloadable eBook textbooks for all undergrad courses (written by the PAID professors), and proctored examinations to avoid cheating? Let’s see. No more $200 textbooks. No need to go to lectures with 200 people. No need for as many classrooms. No money to be paid on large dormitories. No ‘must live on campus first year’ rules to make money off said dormitories… You get the picture… This ISN’T going to happen. Because Money. Perhaps too, a better way to handle tuition would be for students to pay 10% of their earnings for the first 10 years of employment. Then, schools would focus on what the MARKET wants, not Transgender Bender Studies programs.
Faust for Science: There are only 85,000 H1B’s issued per year. So that hardly makes a dent in terms of total technical jobs across an economy the size of the US. Put it in perspective — there are 315,000 electrical engineering jobs in the US (one very narrow field). The TOTAL number of H1B’s is only slightly more than 25% of employment in this one narrow segment. And keep in mind, other countries hire US workers — in my field, Chem. Engineering, I can go work in the Middle East for big bucks in a refinery or on a rig. So it isn’t just a one-way street.
But, let’s stop all this nasty immigration! Better NOT to have Sergey Brin immigrate from Russia (Google Founder). Or Albert Einstein. Or Andy Grove (Intel founder). I could go on, but really, immigration is GOOD as long as we control it & only allow in people who are self-supporting… No leaches allowed. Reduce the giveaway programs — much better policy than a Tall Wall — no giveaways, no leaches. This then attracts the best & brightest from around the world. I don’t give a s~~~ whether they’re Indians, Hispanics, Asians, etc. The only exception I would have is some Muslims — many, but not all, of whom do NOT integrate well into Western society. Also, economics are not a zero sum game; hispanics don’t ‘take our jobs’; they also SPEND money on housing, food, cars, etc. That then creates demand and other jobs. If this weren’t the case, the US economy would not have grown along with its population. As for them taking the lower end jobs, I know hispanics who make a lot more than I do — 2nd generation — gained HIGH skills in strong demand.
The article pretty much nails it…the reason for such rapidly expanding college costs is the government pumping unlimited money into the college system. What’s the government solution going to be…obviously pump even more money into it…sooner or later it will be affordable if they subsidize it for certain people only enough!
The thing I noticed with student loans is articles love to quote the average student loan balance is 30k. They don’t take into account some people still manage to pay their way through college, or the people that bust ass in high school and get scholarships. Plus 30k isn’t all that much money if you get a decent degree where you can find a starting salary >50k a year…you could have it paid up in 2-3 years if you wanted. Its the cost of a new car…its not a life altering amount of money.
Its just a handful of idiots that borrow a boat load of cash and drop out, or borrow a ton of money for a joke degree that are hurting…and I don’t see why their poor choices should have to be my problem. I know a ton of people who borrowed way more than the cost of their schooling so they could afford their own apartment, go on trips, party every weekend, buy a car, etc…the whole system is a joke.
I doubt we’ll see a sudden burst of the bubble because no matter what the government will take its money from anyone capable of paying, and the majority of people with student loans make plenty to pay them back. A lot just bitch about it because it means they have to downsize their lifestyle for a few years. The current system isn’t sustainable though, I wouldn’t be surprised if in the near future more people start shifting towards trade jobs, opening their own businesses, or just realizing a 14 dollar an hour job no degree required will put them in a better financial position than going for a joke degree that will pay 16 an hour that requires 4 years of effort and tuition costs to obtain.
I know this isn’t right, but I do get a dark pleasure out of watching these fools constantly deluding themselves day after day. Poor bastards. Ignorance will not protect them. When the truth finally gets in, May God protect them.
Learn from the past, Control the present, and you will know the Future.
There was a story on NPR ca. 2 years ago. Some female was crying that she had 60K in debt for a BS degree in psychology from Duke university. No one will marry her and she can’t find a job with her degree that will pay her bills.
Boo-Hoo.
No kidding, a BS in psychology means you are qualified to sell cell phones in the mall.
No pity, No f~~~s given.
Love is just alimony waiting to happen. Visit mgtow.com.
The reason for the bubble IS the availability of these publicly-funded loans; if you subsidize something, you will raise costs.
The situation you have in health care is analagous
Definitely agree. If the government wanted to lower the cost of healthcare for all they should have been looking for ways to make the actual care cheaper, remove some of the legal s~~~ and regulations from the system, and make the system more efficient. Instead they just made it more expensive and more complex, but don’t worry…your tax dollars will subsidize it to keep it affordable because somehow that makes sense.
Student loans are the exact same thing. They give out pretty much an infinite amount of student loans to anyone with a pulse, so schools just laugh and jack their prices up because they know everyone can pay for it. You don’t see the government even trying to do anything to actually keep the price of tuition down…just throw money at the problem and pat themselves on the back because they’ve made college a possibility for all! The student loan “problem” could be fixed over night, and the price of tuition put in check if federal loans were outlawed and private lenders were allowed to take the earning power of ones degree into account when deciding how much to lend them, and they were allowed to take ones grades into account when deciding what rate to give them.
Perhaps too, a better way to handle tuition would be for students to pay 10% of their earnings for the first 10 years of employment.
They already have systems like this in place for certain career paths. I have a friend who is in over 100k in student loans for a social work degree. She pays a % of her income for a fixed amount of years and the balance is forgiven. Basically she won’t even pay a quarter of it back. Whats f~~~ed about it is she borrowed extra in college to pay for spring break trips every year, a down payment on a brand new car her senior year, etc…and now a good chunk of that will just get wiped…aka paid for by taxpayers. If this system was expanded to all it just encourages you to borrow as much as you possible can and pay back as little as legally possible.
There was a story on NPR ca. 2 years ago. Some female was crying that she had 60K in debt for a BS degree in psychology from Duke university. No one will marry her and she can’t find a job with her degree that will pay her bills.
Boo-Hoo.
No kidding, a BS in psychology means you are qualified to sell cell phones in the mall.
No pity, No f~~~s given.
Haha, I hear ya man! I dated a girl for a while that was 70k in the red for a social work degree. The person selling cell phones in the mall was probably making more than her lol. At the time I was only making 40k a year…the thought definitely occurred to me that god dam…if I stay with this chick long term that debt is going to impact my future standard of living. Even if she continued to work and paid for it out of “her” money, it would just mean she’d be putting that much less into retirement accounts and I’d have to work longer on the other end because of that. If I helped her pay it off early it was literally about 3 years worth of all my take home pay to get her to even…no f~~~ing way! I avoided my own student loans like the plague…why should I be brought down by the poor decisions of someone else who got buried in them? Oddly enough this chick was also lying about her birth control trying to get pregnant…absolutely desperate to drag somebody down into the gutter with her.
Haha, I hear ya man! I dated a girl for a while that was 70k in the red for a social work degree. The person selling cell phones in the mall was probably making more than her lol. At the time I was only making 40k a year…the thought definitely occurred to me that god dam…if I stay with this chick long term that debt is going to impact my future standard of living. Even if she continued to work and paid for it out of “her” money, it would just mean she’d be putting that much less into retirement accounts and I’d have to work longer on the other end because of that. If I helped her pay it off early it was literally about 3 years worth of all my take home pay to get her to even…no f~~~ing way! I avoided my own student loans like the plague…why should I be brought down by the poor decisions of someone else who got buried in them? Oddly enough this chick was also lying about her birth control trying to get pregnant…absolutely desperate to drag somebody down into the gutter with her.
I see the author of the article that Jan posted is heading in the same direction.
About the Author
Kate Hardiman
Kate Hardiman is a student at the University of Notre Dame majoring in the Program of Liberal Studies and minoring in the Philosophy, Political Science, and Economics (PPE) Program. She serves as campus editor of the Irish Rover and is a fellow of both the Constitutional Studies Department and Center for Ethics and Culture. She is interning at The Hill in Washington D.C. for the summer of 2015 and has had articles published there, as well as on Minding the Campus.
Young brothers avoid these women at all costs and learn from these wise men who speak the truth above.
Check out what Mike Rowe (Dirty Jobs) is doing:
http://profoundlydisconnected.com/There are others. I can’t deal with this Bubble personally, and I don’t know who else can either. I don’t know if anyone is doing what they did with housing bubble and placing bets, so I don’t see the same fallout from things.
If it matters to you, get informed, and then try to point others from falling into the student loan debt trap. There needs to be other options, or this will continue.
"I am my own thang. Any questions?" - Davis S Pumpkins.
I feel sorry for the young guys who make the mistake of amassing high levels of school debt.
If I were younger, I probably would try to find a daytime job and take classes at night as I could afford to take them. I would attend community or state schools (whichever were cheaper) and I would live at home as long as possible to minimize debt.
I met a young dentist who just graduated. He has 350,000 school debt. He lives in a one bedroom apartment and lives very frugally. He tells me it will take him many years to pay off his debts. Think about the people who majored in psychology or liberal arts. They are totally screwed. I know one guy who has two master degrees in psychology who is waiting tables in a sports bar. Heart wrenching. I wish someone had warned these guys.
Colleges don’t have to compete on prices since the government will just lend whatever colleges charge. Student debt survives bankruptcy so it is a much safer bet (and much more life-destroying for those in debt). Many kids don’t have a clue what they want to study, nor what the market wants, so they graduate with worthless degrees.
It’s a perfect storm.
If you are at that age…consider a trade school. If you do go to college, get scholarships. If you must go into debt, make darn sure you pick a major that makes money in a field that has a dearth of labor.
If you don’t think ahead, you are going to suffer for it for decades.
It is wise to fear dangerous commitments.
As long as I don’t have to bail them out.
That is my central issue too. I’m thinking we really will have to bail them out, Mr & Ms Taxpayer.
In the long run, they will run out of other people’s money (read ‘taxpayer’s money’) and something or other will happen. Trouble is, it won’t be a happy happening.
Society asks MGTOWs: Why are you not making more tax-slaves?
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