The system is not as Rosy as it appears!💀

Chude leave this people. Some of them take out loans for vacation and students take out loans and ball during school with hope that once after graduation their jobs will pay back. The system is not perfect but not this aspect ! Infact i encourage people to go into debts and more debts in US , Canada , Australia, NZ , UK. The huge question they have to figure out however is what to do with the debts ? For me , I pull out close to $400k in lines of credit and split it into various businesses including real estate and importation into Nigeria. On paper i owe $400k but the money put to work yielded over $3.2m I support debt !

This is what they want to do with students loans in Nigeria. A crisis of unimaginable proportion is going to be created. People had better wake up. It's not as rosy as they think it to be. It's a chain of lifetime servitude

Why aren’t people paying MORE than the interest

Student loans are a trap not only in the US, The UK as well. If you have kids save for their education don’t ever let them take out SL’s

Oga.. The people complaining are not engineering or medical graduates.. These are most Arts & Social Science graduates. How do you take out 70,000 dollar loan to go read "Gender studies" or "Art history"? What job was gonna pay you enough to repay such a loan? Make dem getat

The American system boggles the mind. In England and Wales, you’re given 30 years to pay it off, otherwise it will be written off. The interest is also very nominal compared to America. In Scotland, they don’t even pay tuition fee at all, just like in some European countries.

The EXACT same way the IMF, WorldBank and ALL these so-called "FOREIGN AID" are actually trapping and economically enslaving people worldwide And that's why they keep lending even when the borrower hasn't cleared their loan.

What is the use of the education if I’m gonna be soaked in debt ? Jesus 😭

It’s not rosy but when they speak there is a government to listen But your own government dey tell army to sh**t civilians when you speak up😣😣 The margin too much!!

You’re paying but you’re not paying actually