I was pre-covid, but rn I can’t conceive of a world where I’m actually about to cut these vampires a check

  • MamaVomit [he/him]English
    10•2 years ago

    I was super fortunate that my parents were fine with me living with them post college. I was able to pay back all ~$45k after working a few years, basically just dumping my entire paycheck into loans.

  • Hohsia [he/him]English
    4•2 years ago

    The government is supposed to serve the people and hasn’t in a long while

    Death to America, hope millions follow your lead

    But you just know that your average American is beyond cucked and will step right in line and get those payments in

  • Infamousblt [any]English
    23•2 years ago

    Unfortunately yea

    Trying to save up to do a group buy on a building with some folks so that we have more reliable / permanent community to fend off the coming capitalist apocalypse, and we can’t possibly secure a loan for that if we don’t all find a way to somehow pay off our student loans too. It’s awful. I make a decent amount of money and it’s still just totally unreasonable to expect anyone but the most affluent to be able to save for anything, let alone something like a building even if you’re sharing that cost burden, while also paying rent, and student loans, and buying food, and paying your ridiculous health insurance premiums and also still paying for your medical needs, and utilites, and literally all the random other bullshit capitalists make you pay for.

    It’s not sustainable in any way shape or form.

      • Infamousblt [any]English
        7•2 years ago

        Mostly we just buy a building and live in it. Instead of renting 4 different flats in different buildings we can buy our own building and live in that. Rent doesn’t change but it goes to our mortgage rather than a landlords mortgage. The math works out well but it’s a lot of work even for 6 people to save up for.

    • CantaloupeAss [comrade/them]OPEnglish
      14•2 years ago

      Maybe in a similar boat, like I went to a university and used it to “start a career” and even though I’m making “a living” I still feel like I’m paycheck to paycheck and now these fucking cretins are coming out of the grave to take even more.

      It would be great if going to a university and then working for years led to anything like owning my own home or not being like “shit this is bad” when I look at my grocery bill.

      edit: nobody, university-educated or otherwise, should be barred from owning their own home, or be stressed out by a grocery bill. My personal path means nil in the calculus of who deserves to be happy and safe. I only say the above in response to the advertisement for the university path which I was constantly subjected to as a child, which was that by going to a university and then getting a job, I would be shielded from the meatgrinder of the supposedly lesser non-university-educated life path. Along with like, my entire family basically threatening to shun me if I did not go, and thus being agents for a loan agency.

  • CommieElon [he/him]English
    11•2 years ago

    Yeah, I think I can get rid of them in about 5 years. I left them at 20,000 hoping the Supreme Court would give us something. I was going to use my loan payments toward buying a new car. It was kinda crushing when the Supreme Court made their decision.

    • ClimateChangeAnxiety [he/him, they/them]English
      15•2 years ago

      To be clear while the Supreme Court shouldn’t have done that Biden should’ve anticipated that and just done it the right way the first time instead of specifically designing it in a way that the Supreme Court could stop.

      And after doing it the right way and immediately, he should’ve had all the records destroyed so if they tried to restore the debt they didn’t even know who owed what.

  • macerated_baby_presidents [he/him]English
    4•2 years ago

    I have $33k of loans I think and enough liquid assets lying around to pay them off. Later this month (or whenever the due date is idk) I will check what interest rate the loans are at, if (a) market rates are better than I’m paying on the loan (b) if that difference is actually enough money to be worth the trouble of keeping around a student loan forever. Like if it was a hundred bucks’ “pay” for ten years of managing $33k student loan + $33k slightly better investments I’d give up $100 to not have to keep messing with it. If it is a few thousand I’d probably do it. One-year CDs pay like 5.5% APY right now, I’m sure the stock market is nuts. Haven’t looked at my finances in a bit.

    Also I fucking hate these guys and don’t want to give them any money

    • Dessa [she/her]English
      6•2 years ago

      When my mom was in college, she paid for all of it with a part-time shit-drinking gig at a gas station.

  • came_apart_at_Kmart [he/him, comrade/them]English
    8•2 years ago

    yes. i’m about half a year out from hitting 120 qualifying payments / finishing my 10 years of public service to get the last $25k wiped. i originally borrowed about $32k. i have paid “back” something like $24k. that’s right. borrowed $32k, paid $24k, still owe more than half. the juice on federally subsidized loans is harsh. that’s with the 2.5+ year COVID pause on payments and interest. even LIB liz warren said it was embarrassing that the program literally makes money off of student borrowers. and i borrowed significantly less than the average in my cohort, because i won some really big and highly competitive national scholarships. i basically got an entire year free from tuition. i went to a state school and paid at the in-state rate.

    i remember i was in cuba some years ago talking to this younger cuban national who had gone to art school there, and we were talking about how education and assistance programs compare. i mentioned that school was extremely expensive in the US, even at the publicly-supported state institutions. dollar amounts aren’t really a good comparison because the economies are so distinct, but i mentioned that i was working on getting them forgiven by doing public service. he said the cuban system worked like that too, his eyes lighting up. i got the impression he really wanted to believe the US wasn’t a dystopian shithole, as he had family there and wanted to visit them and maybe even live for a while to broaden his horizons.

    i asked how many years of service the cuban government wanted, and it was something like 2. i said in the US, it’s 10. and we had to make payments the entire time. and if we didn’t complete the 10 years, nothing was removed. no partial forgiveness. he struggled to internalize that, but agreed it was too great of a burden.

  • UlyssesT [he/him]English
    9•2 years ago

    I didn’t get loans, only some grants. It was a gut instinct thing where I was wary of being neck deep in debt and using one credit card to pay for another credit card like the chuds in my biological family.

    It took me a few extra years to finish college because I was working a full time job (and a part time job for part of that), but I escaped biden-troll 's student debt hell circus almost by accident that way.