I … am getting upset … at ignorant people! Why? Because I keep hearing all of the talk from folks wanting the government to pay for their student loans. Listen everyone. The government doesn’t have any money other than what those who ACTUALLY pay taxes give it.
There is no secret presidential bank account with your student loan/mortgage/credit card debt earmarked for payment. And no, big business doesn’t need to pay for your debt either. Why? YOU made the decision to go into debt. Nobody forced you to take out loans.
In fact, I was talking with Brandon Brison, one of our editors here. He said that when he went to college, his student loan papers had a bolded section that said essentially, THIS IS A DEBT. YOU WILL HAVE TO PAY THIS DEBT BACK. YOU WILL NOT BE ABLE TO CANCEL OR FORFEIT THIS DEBT. YOU MUST SIGN THAT YOU REALIZE YOU ARE TAKING ON THIS DEBT.
Sounds pretty clear to me. And yet on a popular Facebook site, I read through tons of comments from people saying how mad they are that they have to …wait for it … pay their loans!! Response after response, they are complaining how unfair it is to have to pay back loans that they took out for an education that most of them never went into that field.
Someone please explain to me how I should be able to make a poor financial decision, and then pass that bad decision on to someone else. Here’s a thought: Work your way through college. Most of the student loan amounts that are posted on the site could have been paid as they went by working at Starbucks.
Or here’s another option: Work and save up the money before you go to school. You don’t have to jump right into college after high school if you can’t afford it. And don’t tell me there’s not work out there. I had a lady from North Dakota come through my last EntreLeadership class who is paying her waitresses/waiters $15 an hour and can’t get enough workers. That’s 30K a year!
That doesn’t include all of the work that’s going on with the natural gas rigs in that area. These companies are paying people 80K a year. “That’s great Chris, but that’s ND!” So? Move! Consider it a tour-of-work duty. (Sorry, I think I just made that up.) Don’t like that option? Enlist in the military. Last time I checked, they were still paying for college.
The point I’m making here is that you don’t have to make bad financial decisions when it comes to student loans, mortgages or credit cards. It’s something you choose to do. And if you select it, then take the responsibility that comes with it. Don’t try to pass it off on me.
Question: Ha-ha … thoughts?
- Obama Is Forgiving Student Loans (ChrisLoCurto.com)