4 ms·

Is it possible that some graduates are realizing that for all that money, their education was not what they were promised, and a bit of resentment has led them

Is it possible that some graduates are realizing that for all that money, their education was not what they were promised, and a bit of resentment has led them to make the decision not to pay?

mdorazio 9y ago
I feel like it might actually be somewhat socially related as well. If people see that their friends/coworkers with large student loans are simply deciding not to pay and nothing horrible is happening to them while at the same time they are living more extravagant lifestyles with the student loan money they're not paying, that's an encouragement to not pay yourself as well. Pair this with the last administration taking steps to limit student loan repayment responsibilities (William D. Ford Direct Loan program), and it starts looking like maybe not paying your loans off is a pretty decent option.
- macawfish 9y ago
  Extravagant? Is this related to avocados?
- bilbo0s 9y ago
  I don't know man? Social pressures are more complicated than that, and they come from many different directions. I mean, in the hip-hop world, "I Finished Paying Sally Mae Off!" is one of the top rated songs right now. And listening to that song, it's clear that the rapper had fallen behind on his loans from time to time. So if that "pay it off" attitude has made it down to the hip-hop world, it must be prevalent in the larger society as well. And that's just one "for instance" when you're talking about social pressures around student loans other than the desire to walk away from them.
  - jelly 9y ago
    Alternatively, perhaps fully paying off your loans has become such an unusual thing that it has joined the ranks of "things rappers brag about in their lyrics"
  - moosey 9y ago
    Having read the lyrics for the song, I'm not sure that the song is encouraging at all, on the payback perspective. Talking about having two jobs and destroyed credit seems to me more like having the loans paid off is more like getting out of some kind of imprisonment (I do not want to disparage how terrible imprisonment is in the US, but I couldn't think of something better). I would argue that this song is more an anthem for those who understand how hard it is to live under the weight of these loans, and perhaps if you are fortunate enough to pay them off, it is a time of celebration, as you might be able to quit that second job.
  - acidburnNSA 9y ago
    Thought this was a joke, but it's not. https://m.youtube.com/watch?v=JqbXQa05Z6c https://m.youtube.com/watch?v=JqbXQa05Z6c
  - ssully 9y ago
    I hate to be pedantic, but think calling "I finished paying Sallie Mae Back" a top rated songs in Hip Hop right now(or ever) is a big stretch. It's over a year old, and its mainly just a good goof of a song that people shared around on Facebook last year. I don't think I ever knew anyone who listened to it outside of that context.
- bigheadpercoli 9y ago
  I repaid, but the Equifax information is wrong.....
- dragonwriter 9y ago
  > Pair this with the last administration taking steps to limit student loan repayment responsibilities Are you referring to the efforts to correct down on Navient actively and often deceptively steering people into higher-cost paths when better existing legal options were availablel, or it's crackdown on predatory loans by fraudulent institutions? Or something else?
krapp 9y ago
It is possible, but it seems unlikely that resentment is the primary reason graduates fail to pay down their student loans.
wfo 9y ago
It's possible Betsy Devoss has something to do with it; students always knew they were giving an incomprehensible amount of money to monstrous vultures by paying back their loans, but this time it's impossible to ignore that fact with her at the head of dept -- millennials loathe her. Perhaps more and more students are simply refusing to pay, taking the free college they should have been given by economic force.
deleted 9y ago
[deleted]

Is it possible that some graduates are realizing that for all that money, their education was not what they were promised, and a bit of resentment has led them to make the decision not to pay?

mdorazio 9y ago

I feel like it might actually be somewhat socially related as well. If people see that their friends/coworkers with large student loans are simply deciding not to pay and nothing horrible is happening to them while at the same time they are living more extravagant lifestyles with the student loan money they're not paying, that's an encouragement to not pay yourself as well. Pair this with the last administration taking steps to limit student loan repayment responsibilities (William D. Ford Direct Loan program), and it starts looking like maybe not paying your loans off is a pretty decent option.

macawfish 9y ago
Extravagant? Is this related to avocados?
bilbo0s 9y ago
I don't know man? Social pressures are more complicated than that, and they come from many different directions. I mean, in the hip-hop world, "I Finished Paying Sally Mae Off!" is one of the top rated songs right now. And listening to that song, it's clear that the rapper had fallen behind on his loans from time to time. So if that "pay it off" attitude has made it down to the hip-hop world, it must be prevalent in the larger society as well. And that's just one "for instance" when you're talking about social pressures around student loans other than the desire to walk away from them.
- jelly 9y ago
  Alternatively, perhaps fully paying off your loans has become such an unusual thing that it has joined the ranks of "things rappers brag about in their lyrics"
- moosey 9y ago
  Having read the lyrics for the song, I'm not sure that the song is encouraging at all, on the payback perspective. Talking about having two jobs and destroyed credit seems to me more like having the loans paid off is more like getting out of some kind of imprisonment (I do not want to disparage how terrible imprisonment is in the US, but I couldn't think of something better). I would argue that this song is more an anthem for those who understand how hard it is to live under the weight of these loans, and perhaps if you are fortunate enough to pay them off, it is a time of celebration, as you might be able to quit that second job.
- acidburnNSA 9y ago
  Thought this was a joke, but it's not. https://m.youtube.com/watch?v=JqbXQa05Z6c https://m.youtube.com/watch?v=JqbXQa05Z6c
- ssully 9y ago
  I hate to be pedantic, but think calling "I finished paying Sallie Mae Back" a top rated songs in Hip Hop right now(or ever) is a big stretch. It's over a year old, and its mainly just a good goof of a song that people shared around on Facebook last year. I don't think I ever knew anyone who listened to it outside of that context.
bigheadpercoli 9y ago
I repaid, but the Equifax information is wrong.....
dragonwriter 9y ago
> Pair this with the last administration taking steps to limit student loan repayment responsibilities Are you referring to the efforts to correct down on Navient actively and often deceptively steering people into higher-cost paths when better existing legal options were availablel, or it's crackdown on predatory loans by fraudulent institutions? Or something else?

krapp 9y ago

It is possible, but it seems unlikely that resentment is the primary reason graduates fail to pay down their student loans.

wfo 9y ago

It's possible Betsy Devoss has something to do with it; students always knew they were giving an incomprehensible amount of money to monstrous vultures by paying back their loans, but this time it's impossible to ignore that fact with her at the head of dept -- millennials loathe her. Perhaps more and more students are simply refusing to pay, taking the free college they should have been given by economic force.

deleted 9y ago

[deleted]