I was pre-covid, but rn I can’t conceive of a world where I’m actually about to cut these vampires a check
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When my mom was in college, she paid for all of it with a part-time shit-drinking gig at a gas station.
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Yeah I was a bit of an idiot and I refinanced with a private lender, so I’m stuck paying them
I couldn’t afford to even if I wanted to. And I don’t.
please check out the SAVE income derived plan. if you’re struggling, you won’t have to pay anything or pay very little, and interest won’t accrue.
Yep, this is what I’m on now so my “payments” are $0 a month
I took a look at mine and saw I’m accruing $117 of interest per month. Absolute vultures, I swear.
I’m waiting for a hilarious wave of defaults to sweep the nation. It should have been obvious that was gonna happen. I’m hoping it’ll have a similar effect to a general strike.
I’m scared to even log in to look bc it feels like some level of acknowledgement that they can track and then pin on me
This. I’m never logging in or paying that shit. Its such a negligible amount too but it wont be fucking forgiven
I hope you are wrong but it does feel like adding student loans back into the equation is going to put a significant financial burden on a demographic that is already struggling to accumulate wealth.
How do you even default on a student loan without becoming a dependent? I was under the impression they could take it directly out of your paycheck and it couldn’t be dismissed as part of bankruptcy.
I think they just don’t do that often. Like, absolutely they could but it takes effort
It’s not that they don’t do it because it takes effort, it’s just a long process for them to get there. I have personally known someone whose paychecks were being garnished because they defaulted on 5-figure student loan debt, but he said that he ignored calls and letters for years and then ignored months (maybe even a year plus?) of court summonses to get to that point.
I was helping his wife fill out IBR paperwork and offered to help him with his and found out he had to be in this forced repayment for some period - couple years? idk this was ~10 years ago - before he could even apply for anything like that.
It’s an evil trap, and they really will come destroy your financial life.
unless you’re fleeing abroad, it seems like the yearly cost (5-10pct of (AGI - ~35000) is worth the incredible psychic strain of knowing your principle is increasing and you can never buy property.
Mine are FFEL, so they never qualified for anything. Program was bad enough for Obama to end it, but not bad enough to give us any relief. I don’t really care though. Brandon said he was doing something about student loans so if anyone calls I’ll tell them to go bug him about it.
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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.
Nah but I’m enrolled in graduate school so they go to forbearance.
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
's student debt hell circus almost by accident that way.The ol’ Ulysses Grant. Well done comrade
I make $17 an hour which is so little that my “payments” are $0 a month
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
Would prefer not to have my wages garnished.
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
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