Rantings and tirades of a frustrated economist.
I cannot explain how happy I am to see the pain and process people now have to go through to NOT pay back money they stole from other people.
Jorge Villalba, who attended an ITT school in California for a bachelor’s degree in digital entertainment and game design in 2006, borrowed over $50,000 in federal student loans and $43,000 in private loans (that were co-signed by his mother). ITT shut down all campuses in 2016, affecting roughly an estimated 35,000 students, amid lawsuits and investigations over alleged predatory lending practices.“I didn’t get a good education — I have a four-year degree that is worthless,” Villalba told Yahoo Finance in an interview. “When I was trying to apply for jobs, I couldn’t get jobs because people didn’t want students from that school. They’d see the diploma from the school, and go: ‘It’s okay, thank you.’ ... There should be something where the government can help you out and say, ‘Let’s get this loan discharged because they committed fraud.’”lol....
You're such an asshole.
It took me over a decade to pay off my tuition loans, but that was because I chose a stupid major. (Mortuary Science - I was weaned on horror movies.) I really don't want my tax dollars going toward bailing out Millennial Gender Studies majors.
$93,000 on digital entertainment and game design.
He wasted his money on that degree even if the school didn't fold. Just go to a cheap tech school, major in comp sci and learn programming. It's more versatile, and if you're skilled at it you can easily get a job in digital entertainment or game design without going $100k in debt before you even enter the job market. Academia is a massive pyramid scheme.
My Boomer parents pay my student loans as restitution for the abuse they put me through.