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When you think about it, there really isn’t another group of people who have more trouble with life than leftists. Every hare-brained idea they think of seems to end in a cloud of ridiculousness. Adulting seems to be the hardest for young lefties. The thought that they should be exempt from any real responsibility is truly breathtaking. Now, it appears that these poor oppressed snowflakes, having once again not gotten their way, have found something else to have a collective temper tantrum over: repaying student loans. And what is the chosen vehicle for their group foot-stomping? Protest in the form of a “boycott,” of course.
Student loan forgiveness was designed for lazy selfish people, by lazy selfish people.
No, I do not want to pay for YOUR education.
Yes we know it costs a lot, YOU chose to go do that.
It 👏🏻 is 👏🏻 your 👏🏻 responsibility 👏🏻— Mally Mouse (@MallymkunMousey) January 14, 2024
Repayments of student loans resumed in October of 2023 after a three-year-long pause during the COVID pandemic. But now that it is time to buck up, borrowers are foregoing payments on purpose as a way of forcing the federal government to cancel a good portion of outstanding student loan debt. Real mature. These are the future leaders of America.
A recent survey conducted by Intelligent.com revealed some interesting details. Keep in mind that the grand total of this bill is 43 million borrowers who owe roughly $1.63 trillion. Of those surveyed, 60 percent said they had not made any payments on their loans since repayment resumed in October. Of those who have made payments, 94 percent said it has been financially challenging — welcome to real-life, cupcakes. Another 69 percent said they cannot afford to resume payments, 18 percent said they are waiting until September of 2024 when there will be consequences for those who have not resumed payments, nine percent said they were intentionally skipping payments as a form of “boycott” to put pressure on the government to cancel their loans.
The student loan boycott had been in the works for a while. Calls to boycott loan repayments began making the rounds in August. At that time, 26 percent said they were “highly likely” to participate, and 36 percent said “somewhat likely.” But while most actual adults know that this is probably not the best way to get your voice heard, the social justice, everybody-gets-a-trophy generation sees it a bit differently. Of those who knew about the boycott movement, 45 percent said they felt it was “very likely,” and 41 percent said “somewhat likely” that the boycott would get the attention of those in the government who are overseeing student loan programs. Others had more long-term political motivations: 32 percent said they felt it “highly likely,” and 18 percent said “somewhat likely” that the boycott would pay off in the form of electing more candidates who would advocate for student loan forgiveness.
87% of Americans don’t have student loans. Why should they be forced to foot the bill for someone else’s debt?
This is not loan forgiveness – it’s debt redistribution.https://t.co/qwWjgajvKk
— Coach Tommy Tuberville (@SenTuberville) January 13, 2024
But as usual, those on the left fail to look beyond the present. Jake Hill is the founder and CEO of DebtHammer, a loan consolidation company. He warned that not paying off student loan debt can lead to more financial difficulties down the road.
“Although the frustration behind the student loan boycott is understandable, it’s unlikely to lead to positive change. Instead, it will destroy the credit scores of those who choose to participate. This may not seem like a major issue in the short term, but failing to pay your student loans can make it more difficult to obtain funding for future purchases.”
Getting their way appears to be the main goal of the student loan boycott crowd. Other things like being supremely unfair to those who did pay off loans, many of them enduring financial hardship to do so because it was the right thing to do, don’t really seem to enter into it. That, and the fact that in June of 2023, the Supreme Court rejected Joe Biden’s plan for loan forgiveness. The Court ruled against the plan, saying that it was an unlawful use of presidential power because he did not have express permission from Congress to implement it.
But like the student debt snowflakes, Joe Biden is still trying to get his way, too. The SAVE program will begin in February for those who borrowed $12,000 or less and have made at least ten years of payments. The message for those of us who did not renege on our agreement with Uncle Sam to pay back our student loans and did things the right way seems to be that good guys finish last.
I blame the parents for not instilling more responsibility in their children. I also blame our infamous US govt for providing loans in the first place! PAY OFF YOUR DEBTS YOU CHILDREN OF THE CORN!!!
Borrowers weigh payment boycott as student loan payments set to resume…
— Tod (@TodRevolution) September 25, 2023
