The student debt crisis has become one of the hot platform topics for candidates on the 2020 election circuit, but for the people it affects it is more than a campaign strategy. Tuition and fees at public and private schools rose at roughly three times the rate of inflation between 2007 and 2018, according to a College Board survey. Borrowers currently owe more than $1.5 trillion in student loans, an average of $34,000 per person.

The list below is a collection of tweets from people explaining how the U.S debt crisis evolved to this point or sharing their stories on how student debt has impacted their lives since graduating - and they may shock you or be sadly relatable.

#1

Student-Debt-Crisis-Posts

zechareyah Report

Kaisu
Community Member
1 year ago

Capitalism in a nutshell

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#2

Student-Debt-Crisis-Posts

pnwLeftist Report

tuzdayschild
Community Member
1 year ago (edited)

I totally understand. We started with nothing, but you are starting in a huge hole. Universities have priced themselves out. They are too expensive. We should offer more apprenticeship programs so you either pay nothing or get paid while learning your job.

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#3

Student-Debt-Crisis-Posts

workwthecoach Report

spirit wolf
Community Member
1 year ago

Exactly!!

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#4

Student-Debt-Crisis-Posts

MattLaneWrites Report

SAF saf
Community Member
1 year ago

This should be criminal, I don't understand why the politicians can't meet us half way on this. Why can't student loans be zero to super low interest rates. You pay back the $250k and call it settled (which is still alot' of money btw).

Stannous Flouride
Community Member
1 year ago

The capital money for these student loans comes from the US-fucking-TREASURY! It is loaned to the lending institutions at the prime rate of interest (less than 3%) and they loan it to students at much higher rates (5-8%) and they have so rigged the system that it's ONLY form of indebtedness in the US from which you cannot escape by declaring bankruptcy. After WW2, the US invested in education (over the objections of the financial sector) through the GI Bill and new school infrastructure and it resulted in the greatest explosion of wealth and productivity in history. It made TRILLIONS of dollars in profit for the people who opposed it and they thanked the American people with the stupid "trickle-down" economic theories (that the originator has conceded doesn't work) that have only succeeded in concentrating wealth to a progressively smaller percentage of people. Other nations have meanwhile been investing in their educational systems and are already starting to leave America behind.

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Mewton’s Third Paw
Community Member
1 year ago

Kjorn got downvoted but he’s right. The market is well over saturated with lawyers.

Brooke Elizabeth
Community Member
1 year ago

True, but that has nothing to do with the fact that making loan payments gets you deeper in debt.

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Mewton’s Third Paw
Community Member
1 year ago

Holy shit what a nightmare.

einrib4truth
Community Member
1 year ago

and this is what the Jewish Banksters want "Debt SLAVES!!" Yes I did say Jewish because this is who factually prints and controls the entire worlds currencies and why they have brainwashed us all into not openly questioning them.... and we collectively call ourselves "Intelligent?" If one has the courage and an open-mind, just research who owns and controls virtually any major industry and institution... anywhere and please let me know if it does not lead back to those we have been conditioned with fear not to question...

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Trix
Community Member
1 year ago

I think I'd just skip university if I was American. The whole system works to make you work for the system for almost more than half your life. 250k university debt? That's not starting life with nothing, that's starting life 250k minus than nothing.

Theresa Tzitzira
Community Member
1 year ago

Well, not exactly nothing but the debt, I hope the education you are supposed to receive is up to the debt and should help you land those white collar jobs that you couldn't aspire to otherwise. Not that I agree with the whole debt system though, education should NOT cost that much, should be accessible to virtually anyone -with acceptable school marks, at least-. The already existing taxes should cover that cost.

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Freya the Wanderer
Community Member
1 year ago

This is [bleep]ing CRIMINAL!!!!! The company that gave you that rip-off loan should be forced out of business, and its principals arrested, tried and convicted of fraud.

Kjorn
Community Member
1 year ago

why people want to be lawyer. they are so many in the US

Dani
Community Member
1 year ago

Because they are passionate about what they do? Just an idea.

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Toshinori Fukui
Community Member
1 year ago

I wonder what kind of interest rate this person is getting. The government student loan rate was 5 to 6% when he was in school, I think. He must have some private student loan... coz what he is saying means that he is not being able to pay even interest on the loan, which means that he is bankrupt...

Julinda
Community Member
1 year ago

That is so f@#<ed up!!!

Rich McCormick
Community Member
1 year ago

Criminalism at it's worst. Yea, my new term for Capitalism!

Florence Hastings
Community Member
1 year ago

This is criminal, education should be free for all.

KT Trondsen
Community Member
1 year ago

WTF, that is not cool man

Susan Gardner
Community Member
1 year ago

This is truly f'd up

Mark Kelly
Community Member
1 month ago

That why some lawyers charge $300 an hour?

Chris Challis
Community Member
1 month ago (edited)

the sociopaths that run the banking system charge immoral interest rates and are making a motza.

Chris Challis
Community Member
1 month ago

the sociopaths that run the banking system are making a motza out of immoral interest charges.

Stanley Sulkowski
Community Member
1 year ago

That's crazy to be paying and paying and paying. This lunacy has to end. There seems like no other way out until now. Let technology guide you to eliminating student loans. Learn how this "GPS" system directs you to eliminate all debt in as little as 5-7 years. Get rid of your student loan and your other debts such as mortgages, credit cards debt other loans. BBB A+ Rated company shows you how. Get a free E-Book here: https://debt2wealth.sidewayenterprise.com Reduce-stu...24-png.jpg Reduce-student-loan-debt-5dbd73e5f2524-png.jpg

Louise Allen
Community Member
1 year ago

exactly I signed a parent plus loan for my daughter her senior year in college, 2012 was her graduation date, she didn't graduate, both semester was 15,000, at a HBU college, don't be fooled just as high as a regular college, I still owe now 38,000 in 2019, they said I'll be 75 before I pay this off in my name, I'm now 57, never went to college, parents be warned

Taxation isTheft
Community Member
1 year ago

Guess he should have done finance.

Kelley Charlton Villalobos
Community Member
1 year ago

Tell me about it!! After 11 years of payments on $47,000 in now owe $45,000 and three different loan companies have collected my interest.

Billy Beecham
Community Member
1 year ago

Too bad you couldn't put that law degree to use and sue the loan program. After all, why charge interest when you're just going to have to pay heavy tax on your income anyway. You would think loans that benefit you so that you can help contribute to society, and therefore contribute to the tax program, would be investment enough. One way or another they'll see a return.

Kari Panda
Community Member
1 year ago

Okay, can someone explain the USA student loan system to me? Here in Germany, if you need a student loan, you get if from a certain government office. You have to pay it back partially, but the maximum you have to pay is 10,000 €, no matter how much money you got. Do American students get loans from regular banks? Where you have to pay an interest?

Kathy Livergood
Community Member
1 year ago

For future college students, go to a community college for the first two years, then transfer to a university.

Neal Hammersmith
Community Member
1 year ago

jkjj

Tina White
Community Member
1 year ago

@SAF the rates are 6% which I cannot fathom how 6% ends up like this. I paid 10% on a car loan and paid back less than this!

Boston Johnny
Community Member
1 year ago

Must be a sucky lawyer considering the ones in my area bill out a $500 an hour.

Justgail Jones
Community Member
1 year ago

They don’t want you to pay off the loan. Loans, credit cards, etc make more money on interest the payment that keeps on giving.

moeless
Community Member
1 year ago

Would you lend money with no interest to someone you don't even know? And the interest is way low compared to credit cards, how some of us did it.

Richard
Community Member
1 year ago

It's disgusting that they charge so much interest on those loans, they should not increase by anymore than the inflation rate, like they do in Australia.

Jon Payne
Community Member
1 year ago

Law like medicine usually turns around after year 20. Hang with it and hang tough.

Marie Passer
Community Member
1 year ago (edited)

Your choice. No one forced you to go to law school. Don't make me responsible for your choices. I did not go to college. However, I have had my own small business for over 25 years and it provides more than enough for myself and my family. The only things I now owe are to the IRS every quarter! Cheers!

Ken Spaulding
Community Member
1 year ago

Maybe a lawyer should not be paying the bare minimum amount and he'd get the loan that allows him to potentially make 100-300k and greater paid off. Also does he drive a "lawyers " car live in a "lawyers" house or live within his means until he can afford to really splurge?

Larry Battros
Community Member
1 year ago

Whatsthematter, was the law student too limited to understand what he was signing? Maybe paying more than just the interest would help? Maybe live at a level you can afford? Quit whining and pay your bills.

Vivek Mhatre
Community Member
1 year ago

Can someone explain the calculation here? We do take home loans in India, but the "amount owed to bank" keeps decreasing, not increasing.

ACE
Community Member
1 year ago

Some of his loans were unsubsidized, meaning that interest accrued while he was in school and continues at a higher variable interest rate. Even if he were to file for bankruptcy, student loans are not dischargeable, so you owe no matter what.

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Kurt Mitchell
Community Member
1 year ago

Dumb decisions get you in dumb situations.. enjoy.

...
Community Member
1 year ago

That's one expensive Law degree you earned.

Gavin Anderson
Community Member
1 year ago

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going to college is a privilege not a right... I couldn't afford it right away so I got a job paying me $5 per hour and what do you know I saved and paid my way through University in Canada and USA so suck nerds

Mewton’s Third Paw
Community Member
1 year ago

Maybe in cave times. Modern humans recognize education as a human right. If you made $5 an hour then you’re older than Gen X, which would make you a Boomer. And of course you wouldn’t understand. Since it’s hard to imagine a Boomer saying “suck nerds” I’m going to just assume you’re trolling.

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#5

Student-Debt-Crisis-Posts

RoKhanna Report

William Teach
Community Member
1 year ago

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Which is a very interesting concept, since universities are mostly run and staffed by people who vote Democrat and teach kids to vote and think Democrat. And Obamacare created a virtual takeover of the student loan system by the federal government.

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#6

Student-Debt-Crisis-Posts

Unknown Report

Grumble O'Pug
Community Member
1 year ago

This should be higher. It should incite a riot. Americans are too busy getting stoned and watching Game of Thrones.

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#7

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IdalinBobe Report

Martha Meyer
Community Member
1 year ago

What kind of crazy interest rates are being charged on these loans?!

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#8

Student-Debt-Crisis-Posts

missmayn Report

Link
Community Member
1 year ago

Why are they mad at them for avocados? Is it because they're taking all the good ones?

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#9

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architects4pete Report

Grumble O'Pug
Community Member
1 year ago

very true

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#10

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BillDixonish Report

Eveline de Jongh
Community Member
1 year ago (edited)

The important question: are you happy they didn't let you get the tattoo?

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#11

Student-Debt-Crisis-Posts

timmWongg Report

Mewton’s Third Paw
Community Member
1 year ago

What is the ad for?

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#12

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RosatiBiscotti Report

Rue Granger
Community Member
1 year ago

Can’t even start to believe the blame is being put on the victims...

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#13

Student-Debt-Crisis-Posts

BernieSanders Report

Peg Walton
Community Member
1 year ago

Must be nice to be one of the lucky ones. I went to college after raising my children and still ended up with $40,000+ in loans. Now my salary isn't enough to live and pay loans. Their "programs" do not help. Wish I had never gone to college. My Masters is worthless.

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#14

Student-Debt-Crisis-Posts

sarra1833 Report

Panda Kicki
Community Member
1 year ago

As a swede with mostly free schools and low cost state loans to cover other expenses it is so horrifying to read all these tragedies :'(

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#15

Student-Debt-Crisis-Posts

KendraJames_ Report

Pamela24
Community Member
1 year ago

You should stop spoiling yourself and demanding luxuries. If you don't have the money to eat, just don't. It's as simple as that. *sarcasm - just to make sure*

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#16

Student-Debt-Crisis-Posts

AbdulElSayed Report

jamesmcwhirty
Community Member
1 year ago (edited)

but at least you have guns. I can see why.

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#17

Student-Debt-Crisis-Posts

astradisastra Report

ƒιѕн
Community Member
1 year ago

Oh yeah, good old Navient.

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#18

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KingBeysQueen Report

Pamela24
Community Member
1 year ago

I just can't understand why AT LEAST the loans couldn't be without interest. I believe that is how the UK has it (correct me if I'm wrong, please).

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#19

Student-Debt-Crisis-Posts

DebtCrisisOrg Report

Ahmad Pujianto
Community Member
1 year ago

Just wow.. I only pay 25 USD each month during 4 year of college.. Then (because I work while studying) another 50 USD each year for 2 year of extention.. Totally I spend around 20 Million IDR (around 1.500 USD) till graduate.. #asian

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#20

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oneangrytooth Report

Candice Lewis
Community Member
1 year ago

With interest it could become that much and the sucky thing is our children will probably be responsible for some of it

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#21

Student-Debt-Crisis-Posts

Shaleemae Report

Chloe Thompson - Lewis
Community Member
1 year ago

120k is like solitary confinement

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#22

30 Alarming Posts About How The Student Debt System Affects People's Lives And It's Terrible

LethalArcher Report

Russell Pisciotta
Community Member
1 year ago

The difference is reimbursement of inventory, must be well known around there or they'd have offered an explanation. The printer counts the paper usage, so if you take paper out before it's been 'printed' they lose track of how much paper is needed.

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#23

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kph3k Report

Jenny Lee
Community Member
1 year ago

That is a rare accomplishment.

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#24

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stevebram Report

Monica Michelle
Community Member
1 year ago

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There are 2 types of people who are wronged those that say never again to noone else and those who stop progress because it does not help them personally

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#25

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SeeMiaRoll Report

Belinda Matson
Community Member
1 year ago

OMFG I'm surprised boomers aren't being slaughtered en masse in the USA. Pro Tip: Start with the politicians...

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#26

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catnipslip420 Report

Gary
Community Member
1 year ago

This persons life has been destroyed before they've even started, add to this no free healthcare or ineffective health insurance financially and physically crippling people. How can people say this is the best country in the World?

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#27

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SFWP Report

Mewton’s Third Paw
Community Member
1 year ago

In another country maybe.

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#28

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Champion76 Report

ACE
Community Member
1 year ago

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Dude, you got off easy. When I went to school, there was no income based repayment plan. Don’t qualify now for loan forgiveness, bc I earn too much.

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#29

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TheStarDamien Report

guy greej
Community Member
1 year ago

From malawi a third world country. Paid of my university degree debt in 1 month after getting a job.

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#30

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odesit85 Report

Panda Kicki
Community Member
1 year ago

Yes, anyone had a rich mother fixing good jobs, free condo and grandparents who gives you free lodgings. How silly of me not to think about that! Please tell me this is from the Onion...

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