These Americans fled the country to escape their giant student debt

CNBC ^ | 10/27/18 | Annie Nova

[Midnitethecat]

A bargain,the head football coach makes the same.

[ealgeone]

A philosophy major? What a waste.

[from occupied ga]

Are we supposed to

1. Feel sorry for
2. admire
3. Cheer the irresponsible behavior of

this larcenous deadbeat sack of sh!t? Somebody is out that $20,000 - just because he doesn’t want to pay it back doesn’t mean that the debt goes away.

[ladyjane]

defaulters who were largely coerced via immense social pressure into signing documents they did not understand

Anybody who takes out a loan knows that the money needs to be paid back.

Anybody not smart enough to understand that should not be in college.

[thoughtomator]

The schools lie to the students and say of course this degree will get you a job paying more than enough to pay back the loan. But it’s statistically impossible for that to be true, some large percentage of students is not going to be able to convert the degrees given into paying jobs.

These students have a very solid argument that they have been defrauded.

[FreedomPoster]

Exactly. And it goes downhill from here. And it’s bad enough already.

[FreedomPoster]

People voluntarily part with that money in tickets and TV rights, and it doesn’t affect tuition.

[gogeo]

He obviously wasn't a math major.

He brought home $1,700 per month. After he paid his student loan payment of $300, he had little left over.

[gogeo]

You understand that entire post is a steaming pile, don’t you?

[gogeo]

I think that was his second mistake. The first was the philosophy degree.

[wintertime]

Philosophy major followed by a degree in comparative literature....Gee!...Who knew that getting higher paying work would be a struggle? /s

[pepsionice]

Perhaps to qualify for funding for worthless degrees....it ought to be mandated that your minor has to be air conditioning repair, plumbing, or masonary arts. Once you graduate and discover zero value to French literature, you still have a chance in life.

[17th Miss Regt]

The philosophy major concedes that his student loan balance of around $20,000 isn't as large as the burden shouldered by many other borrowers, but he said his difficultly finding a college-level job in the U.S. has made that debt oppressive nonetheless. "If you're not making a living wage," Haag said, "$20,000 in debt is devastating."

As a philosophy major he should be seeking the truth. And the truth is that a philosophy degree will generally get you a job that does not pay very well.

He struggled to come up with the $300 a month he owed. The first work he found after he graduated from the University of Northern Colorado in 2011 — when the recession's effects were still palpable — was on-again, off-again hours at a factory, unloading trucks and constructing toy rockets on an assembly line.

The truth should now have been obvious to him.

He then went back to school to pursue a master's degree in comparative literature at the University of Colorado Boulder.

But as you succinctly put it, he doubled down on stupid by following a philosophy degree up with a master’s in creative writing.

And he has still not found the truth.

[MarMema]

Medical career fields, even one year programs, are suffering low staffing all over the country.

[MarMema]

That’s a great great story. Thanks.

[Jeff Chandler]

Excellent deductions.

[Pelham]

the Bookie of Virtue.

[60Gunner]

I ent to nursing school using some student loans (but mostly grants and scholarships). And I am still paying on my student loans. And you know what? I will pay those sumbitches off.

Why?

Because I honor my commitments. Which is more than I can say for this generation of pissants.

[MadMax, the Grinning Reaper]

Be glad we are rid of this intentional loser. We will breath a little cleaner air, have less trash, and his place will be filled by someone else who is worthy of being an American, probably someone from India who likes real toilets and no elephants in the room.

[Svartalfiar]

However, he was disappointed to find that he brought home just $1,700 a month. He had little money left over after he paid his student loan bill.

his student loan bill of $300 a month? Sure, that's a decent dent but find you a couple roommates, and you can easily survive on $1100 a month. Learn how to cook - ramen plus sausages (hot dogs if you're real cheap) with some basil is not bad. Easy. Cheap. And with a roommate or two sharing room costs, you can probably afford way better than ramen!