Lots of people in here don't get what the hell is going on RE. Debt.
There are places in the United States where you COULD pay off a student loan. Those are usually called "Big Cities" and it's hell living there and trying to make a student loan payment and all of that. You can live without a car on the bus line etc. and MAYBE make your student loan payments while living in a cheap apartment. Someone I know was doing exactly that until they moved to small town America.
You have people that live in small town America, cost of living is very low, can buy a house for less than $20,000 or rent for $300-$400 a month.
Jobs in many small towns right now are paying $8-12 per hour and many of the jobs are 30-40 hours a week- still not full 40 because of Obamacare shit.
You do your math and figure out that's $6-700 every two weeks. About $1300 a month.
Then it is a REQUIREMENT living in small town America to have your own car. Think $300-500 a month for payment and maintenance.
So here we are, $800 a month between a house and transportation.
There's $500 left for 4 weeks, $125 a week.
Meals cost $3-5 each and 3 meals a day, $27 a week at minimum, $105 max depending on what you're eating.
Leaving you with $20 a week
Put $20 of fuel in your car every week
And you're fucking screwed.
Over the past 20-30 years people have been drummed that they have to go to college to succeed… go to college to get anywhere…. go to college to get liberal brainwashing. ETC. and the cost has soared, with mid-level admins skyrocketing and no accountability.
Where do you think all the money went? To the same fuckers we're fighting and their band of goons.
Then you understand why we must erase student debt?
Someone I know has $100K in student debt and is in the position that I describe.
There is absolutely no possibility that they will be able to pay off that student loan. Even their parents tell me that it was a stupid idea for them to go to college, even though they were the only person in the family to get a bachelors degree in liberal studies at a christian college.
Don't tell me that it was a "worthless degree". It isn't their fault that they got a "worthless degree"… it's the fault of the college administrators that aren't giving people actual real world education that will actually be helpful in the future.
People at the age of 18-19 have no business taking on $100K of debt, and, truthfully, they have no idea what they're doing at that age. Culture/society has caused the problem, and they need to solve it.