Abolishing debt by paying it. What a bunch of rebels! That will teach the banksters and the university-industrial complex!
Abolishing debt by paying it. What a bunch of rebels! That will teach the banksters and the university-industrial complex!
Sign me up too. A lot of people have it way worse than mine, but still.
Hey, I have to give them credit for (voluntarily) doing something about the issues that concern them rather than trying (again) to force other people to do it.
badgenome said: Abolishing debt by paying it. What a bunch of rebels! That will teach the banksters and the university-industrial complex! |
Actually you might not think its such a big deal but it is. They want you paying these loans over time for a long period of time so they can keep collecting their interest. Quickly paying it off like this is not what they want.
On another note I do think College is a rip off. It's ridiculous how many classes they make you take that are useless and have nothing to do with your career. I should not be forced to take two PE classes that's ridiculous and pointless. It's a scam and I quit after two years. I pretty much just lie on my resume at this point and I don't care cause I'm damn good at what I do. Plus I found out so many other people were doing it so yea.
while i pay all my student loans on time. its fucking bizzaro world.
i also have nothing to do with the occupy leftist bowel-movement.
spurgeonryan said:
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I'm in my third year of college. I was able to not take any out this semester (private university grants cover my tuition and i pay my living expenses through work) and I paid $1500 off of my accrued $12,600 in debt by working at Walmart over the summer. I plan to go to graduate school, but I will get a stipend for whichever school really wants me. So hopefully by the time I graduate with my PhD I will have them fully paid off or only a few thousand to pay off with my first yearly salary.
method114 said: Actually you might not think its such a big deal but it is. They want you paying these loans over time for a long period of time so they can keep collecting their interest. Quickly paying it off like this is not what they want. |
Of course they do, but OWS is buying debt for about 5 cents on the dollar. That's a pretty good indication that this debt belonged to people who were not making payments and were never going to. Especially if it's debt that a collection agency bought from a bank and the collectors themselves are now throwing their hands up. They're just getting some money where they previously would have gotten nothing. Not exactly undermining the system or anything; quite the contrary.
Paying mine off by the end of the year :)
BTW It's generous thing for the Occupy folk to do. Instead of waiting for the gov't to do something, they're actually doing something themselves.
I predict NX launches in 2017 - not 2016
badgenome said:
Of course they do, but OWS is buying debt for about 5 cents on the dollar. That's a pretty good indication that this debt belonged to people who were not making payments and were never going to. Especially if it's debt that a collection agency bought from a bank and the collectors themselves are now throwing their hands up. They're just getting some money where they previously would have gotten nothing. Not exactly undermining the system or anything; quite the contrary. |
Your assuming these companies wouldn't file lawsuits against the people which would lead to wage garnishment.