For any post-graduate student living in the US, you are probably feeling a little suffocated under the pressures of your student loan.
For any outsider looking in or anyone that is just confused about how this system works, hear it here first that the student debt is an absolute travesty, representing everything that is broken within America’s education system
Graduates can often take many decades to pay off their loan that they initially took to pay for college. It is a mainstay of discussion for the upcoming 2020 elections.
A recent study shows who the real victims are. So far in 2019, borrowers owe over 1.5 trillion dollars in student loans which could make 2019 one of the worst on record . A survey conducted by the College Board states that inflation rates have almost tripled between 2007 to 2018.
But for now, we can leave the stats alone. Below is a series of posts and tweet from the real victims of this debt trap.
Here’s what they had to say about it:
Wall Street: HELP HELP WE’RE GOING TO DIE WE NEED MONEY
Government: Ok, here’s 700 billion
Students with loans: HELP HELP WE’RE GOING TO DIE WE NEED MONEY
Government: *laughs in capitalism*
— The Haunted Stranger (@zechareyah) June 13, 2019
It seems that Boomers who boast about “starting with nothing” don’t understand that starting adulthood with nearly $40k in student loan debt isn’t the same as starting with nothing. #latestagecapitalism
— Disenfranchised Millennial 🌹 (@pnwLeftist) June 10, 2019
At the age 18 they will let you commit to $200,000 in student loans but won’t give you a $20,000 Business loan…. Think about that!
— Nathan Allen Pirtle (@workwthecoach) June 6, 2019
I graduated from law school 6 years ago with $250,000 of student loan debt. But after years of hard work and tens of thousands of dollars of payments, I can officially say that I now owe $315,000.
— Matt Lane (@MattLaneWrites) September 18, 2018
Since 1987 when adjusting for inflation, the % increase in:
➡️ Tuition costs at public universities : 183%
➡️ Tuition costs at private universities: 142%
➡️ Minimum wage: 20%
➡️ Early career salaries: 3%
This is student debt crisis in a nutshell.
— Ro Khanna (@RoKhanna) June 2, 2019
I graduated with a masters of Architecture in 2011 with $65k in student debt. I have paid $48k, but still have $50k of debt left.
This country needs Architects, doctors, lawyers and engineers, but we are punished for success. Our education system is broke. #StudentDebtCrisis
— Architects for Pete (@architects4pete) April 25, 2019
When I was 17 I went to get a Limp Bizkit tattoo and when they wouldn’t let me because I didn’t have a guardian’s approval, I cried and punched a lamp post. 3 months later I was allowed to take on $119,000 in loans to go to art school.
— Bill Dixon (@BillDixonish) July 8, 2018
— Tim Wong (@timmWongg) June 6, 2019
“Young adults are being forced to rely on help from parents to survive due to overwhelming student loan debt and cripplingly low wages” there, fixed your headline https://t.co/ZWHeC3KbrE
— alyssa (@LystenToMe) April 25, 2019
Jordan dropped out of Morehouse College due to student loans.
Two years later, he watched a billionaire pay off his graduating class’s debt.
We have a $1.5 trillion student debt crisis and we cannot wait for the generosity of billionaires to solve it. pic.twitter.com/skWKvn4Z57
— Bernie Sanders (@BernieSanders) June 11, 2019
Want to know just how big our #studentdebtcrisis is?
US college grads have $1.56 TRILLION in student debt. The GDP of Australia is $1.4 trillion.
It’s F’ing massive. Our young people deserve better from us — they deserve free college.
— Ab-ghoul El-Scary 🎃 👻 (@AbdulElSayed) May 11, 2019
If my #studentloans were cancelled I could:
I don’t regret going to college, but I don’t think I made an informed decision. How could a poor, first gen college student do that at 18 years old?
$50,000 is a prison.
— Shaylamee (@Shaleemae) April 22, 2019
Nearly 20 years after beginning college, I paid off my #studentloans today.
— Dr. Paige Harden (@kph3k) January 14, 2019
Student loans are out of control. Education shouldn’t be a debt sentence.
— Nev Schulman (@NevSchulman) September 29, 2017
Let’s just hope that this ridiculous system is completely changed so we can secure the future of our future generations.