This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
We can’t continue bailing people out when we’re already drowning in debt
The government is drowning in debt and is now planning for another student loan handout, but why?
This kind of action reminds me of the COVID-19 Relief Financial Payouts. If you read my previous article, “COVID-19 Didn’t F*ck Up Your Finances, You Did,” you’re familiar with the idea that we needed financial help well before COVID-19 dawned upon us. If we didn’t need help, the economy wouldn’t have exploded into a catastrophe when the pandemic happened, and people wouldn’t have been relying as heavily on unemployment checks and bailout programs.
As students, we are responsible for considering what we purchase before buying. Often, that purchase isn’t a wise investment. Did you really need to go to a private or out-of-state school? Probably not, but you wanted to anyways. I got a free ride to college from a military college, but I chose a much harder financial route and ended up taking out student loans. Do I have any regrets? No. If I could make the same decision, I would because I knew I didn’t want to go into the military then (I even signed up for ROTC classes to ensure I was making an informed decision, and I was). After college, my goal was to create a positive net worth so that I could quickly pay off my student loans if ever necessary. I took out a student loan in my name and a loan out in my mother’s name, which is now paid off, thankfully.
The government continues to try to help us in such weird aspects. The other day, I called to cancel my internet service, and they told me the government has a program that could help me save $30 a month on internet. That’s fine and dandy, but if I needed free internet service, I could go to any cafe, library, or store and get it.
If we’re so broke to the point where we can’t afford to pay for internet, we need to make some serious life changes immediately, which could mean stop having kids that you can’t afford, stop buying houses you can’t afford, stop buying cars you can’t afford, stop going to schools you can’t afford, and cut out the rest of the spending you can’t afford. Focus on meeting your necessities and then expand on that.
COVID-19 Didn’t F*ck Up Your Finances, You Did
What My Last Student Loan Payment Felt Like & 7 Strategies Leading Up To It
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.