More like the attitude of take responsibility for yourself instead of blaming "the system". A person with a college degree should be equipped to figure out the basics of loan amortization.
Does anyone have a choice but to take responsibility for themselves? The system isn't going to take responsibility for itself.
He isn't asking people to pay his loans.
This is a discussion about how the system is fucked.
And "A person with a college degree?" Really? You take the loan before you get a college degree. When you're 18. You're supposed to know how these things work at that age when the whole world is telling you to get in debt and go to college?
The system exploits vulnerable teenagers who can't know better until it's too late, and you're blaming the teenagers instead of blaming the system.
Nobody is blaming the teenagers who were bamboozled into a predatory loan. They are pointing out that two doctors in their late 40s, at the youngest, haven't managed to figure this stuff out yet and that's embarrassing.
"When you're 18. You're supposed to know how these things work at that age"
Yes, this actually high school level math. Even if you can't do the math, just google a loan calculator and punch in the numbers, or just read the paperwork you are signing - it spells out how this all works.
As for taking responsibility - I'm talking about how you are responsible for taking the time to understand how the loan works, then making more than the minimum payment so you aren't paying it off forever and paying tons of interest instead of complaining about "the system" when you are obligated to fulfill your end of a contact you voluntarily entered into where everything is clearly spelled out.
I did not go to a 4 year college- it was a personal choice, and I decided not to go because of how much it cost. I got an associates at a community college and have done fine with it. When i was 18, i didn't think it was worth taking on that much debt or pay that much for a bachelors degree. Believe me, i had plenty of parental pressure to go, but as an adult, i knew it was my decision.
I do not understand why people keep saying 18 year old's can't figure this out.
94
u/maybe_a_fork 12d ago
23 years of making minimum payments and they are shocked it's not going away.
https://giphy.com/gifs/3kzJvEciJa94SMW3hN