By someone else
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2018 Mar 27, 8:09pm
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What does American debt look like? For six years, photographer Brittany M. Powell—who went through bankruptcy herself in 2011—has been finding indebted people through Craigslist, word of mouth and community organizations, shooting their portraits and asking them how much they owe—and how they feel about their situation.
All this student loan debt. To do what? The parents should have taken control of these kids.
Start a bank if you want a bailout, you lazy fucks.
If you are in business, you quickly learn there are people who consider loans free money as soon as they get it and have very little concept that they will actually have to pay it back.
Student loans is just horrible. Someone that young should not be allowed to sign on to loans that can never go away. That is like slavery-any other loan you can discharge in bankruptcy. You can get 5 million dollar mortgage and wipe it out, but get a stupid liberal arts degree and be saddled with 100k in debt is just ridiculous. Being young and dumb is expected.
Question is why parents do not teach them that being in debt is bad. Perhaps because parents still are in debt and can not live without changing car every 4 years and buying a McMansion. Apple does not fall far from the tree.
In 10 years you should be able to pay off 50K in loans, no problem.
An education can be had at lower costs, if the parents aren't clueless and do their job guiding the kids.
It gets worse.Many parents are the co-signers on those loans. Guess what happens when little Johnny defaults on payment?
If America was a Capitalist country, there would be a very simple solution called Bankruptcy
What has changed to where parents have to cosign?
Let me guess. Tyrone is headed for Wall Street.