I stopped paying mine. It was homelessness or student loans. Fuck em. If they can write off billions of small business loans, they can write off my student loans. Fuck that game.
I agree with you in principle, but they won’t do it and you’re likely going to end up struggling. There are other payment plan options that I encourage you to research before you end up in more debt which you can’t offload. It’s fucked up, I know. And I’m sorry you’re having to decide between a payment or shelter. Obviously shelter comes first. But there might be other options to allow you to have both.
These fossils still think that Millennials are kids. Bro, my kids are almost in high school, my back hurts, I feel this flesh prison decaying around me. I’m entering the part of my life where I’m traditionally supposed to be the most economically advantaged, and this bullshit is going to basically nuke my generation’s ability to participate in the economy, because we were all told that we need to go to college to have a good life.
My student loans should be paid off around when I retire, according to their amortization chart.
It’s messed up how low my federal student loan interest rates were. I was paying my loans off in the early 2000s and I swear my interest was only like 2%!
During Trump’s first term I was convinced that he would try to increase revenue from student loans, so I converted mine to a low interest private loan.
Sadly low interest private options are no longer available for those still stuck in the federal student loan system. The administration knows that low interest private loans are no longer an option, and has a captive market to extract revenue from.
Trump has been grooming his supporters to cheer actions taken against the educated. I hope this move alienates millennial and younger college educated Republicans and finally turns them against the administration.
How bad will it get before people start emigrating?
It’s already started
People who emigrate in response to things getting bad are cowards …
^ this person isn’t worth anyone’s time or effort. Ignore and/or block and don’t fall into the trap of trying to use logic to change the mind of someone who didn’t use logic to get there.
What are you talking about? People emigrating (after an enormous genocide) is how this country was made!
Again, I’m very confused on how that’s relevant to what I’m saying
It’s relevant because if we go by your logic, then the entire country of USA is made by and for cowards since all of them, except for the native Americans, are either immigrants or descendants of immigrants. Ergo, the United States is inherently cowardly.
That’s really strange that you think people are purely determined by their parents… Like, seriously, what?
But sure, founded by. A nation isn’t determined purely by it’s founders. That still hasn’t explained how this is relevant to what I’m saying.
I don’t think that. I’m just applying your logic to the reality of the United States being a nation of immigrants who aren’t native to the land they inhabit. Therefore it is a nation built by cowards. People still migrate to the US today, btw. And they marry the descendants of the cowards so the cowardly traits will never die out there.
Or maybe, just maybe, people who migrate to another country are just looking for ways to live a free and happy life? Maybe those to move some place else have better opportunities somewhere else and they prefer to live in peace with their family rather than being potentially thrown in concentration camps or killed by their government. It is so easy to sit there and say that people who move away from an area are cowards. Just like it is easy for me to make the conclusion that all of US is cowardly because all of them (except the natives) either migrated there or descend from generation upon generation of migrants. You are correct in objecting to that conclusion and calling it strange because that is indeed a strange thing to conclude. Just like it is strange of you to conclude that those who move away from the US currently are cowards. It is strange and a downright foolish statement to make.
You applied a perversion of my logic.
I did not say all immigrants were cowards. I said “people who emigrate in response to things getting bad are cowards.”
You not reading my sentence in full and instead splicing it to fit your image of me is a tad annoying.
Effectively, I’m saying those who flee at the start of when things get bad instead of trying to stop it are cowards. If you can make a difference, you should. That’s my viewpoint in life.
“Going somewhere for a better life” is not what I’m against. “Refusing to attempt to stop the decay of your current space” is what I’m against. People like the leadership dems, who flop down in the face of a foe. That’s cowardice.
It’s an understandable thing to do. That won’t stop me from thinking they’re cowards.
Why? What loyalty or obligation is owed to a country just because you were born to it? It’s the country’s job to make you want to be a citizen, not the citizen’s to make the country act like it doesn’t hate your guts and see you as a wallet to fleece.
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Yeah, there’s an option if you don’t want to do your part to make the world a better place… No one’s forcing people to stay in the world
So I should kill myself because America broke the social contract and I’d rather leave than die or become imprisoned fighting to repair it? Fuck you, my man. Revolution isn’t the only option when your government breaks the contract; is every immigrant a traitor?
Yeah I’m not killing myself because a minority of voters elected someone that’s ruining my life. Get fucked pal
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Wow, you guys actually think you don’t have any responsibility to fight fascism. No wonder it won so easily.
Why do you think like 97% of America’s population immigrated to America bruh?
No one said “Yeah I love loving where I am now, let me drop it all and move to an entirely new continent lol”
I fail to see how those genocidal people have any bearing on my statement.
Last month, a federal judge blocked the Biden administration-era SAVE plan, an income-driven student loan replacement program with 8 million borrowers, claiming it lacked the authority to forgive millions of dollars in debt.
It’s almost funny how when Biden was President he had no authority to do anything, however trump doesn’t seem to have that issue as much. Almost funny.
“Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect.”
I don’t know why Biden didn’t just go full dictator like Trump. Dictators that do the thing I want are actually good and there’s absolutely no possible repercussions.
If a democrat went dictator they would immediately have the DOJ, entire media ecosystem, and courts united against them because those that support the democratic party recognize dictators as bad.
If “full dictator” is defined as ignoring established law to enact their agenda, then Biden did go full dictator multiple times. Most notable is how he circumvented established law in order to continue sending lethal aid to genocidal Israel.
And you’re right, Biden going “full dictator” does have negative repercussions. Trumps’s illegal actions are somewhat normalized by the illegal actions of his predecessors.
I just wish for once a president would go “full dictator” for the working class and not for the billionaires and genocidal regimes.
Well Biden wasn’t really president, Trump won, doesn’t that make this this third term?
Non-millenial here, also watching my payments skyrocket by 440%. Can’t get loans with my excellent credit score because my debt to income ratio is super high. At this point it would cost me less to tank my credit, go into default, and be garnished since my credit score is meaningless anyway.
299.56% for me.
And the kicker is that in the 10 years that I have paid, my principal balance has not decreased at all.
Oh, and the real treat? Since the Federal injunction, I can’t recertify my repayment information, which means I lost all progress towards loan forgiveness.
I am fucking livid.
They will almost certainly change the rules once the injunction finalizes. Call your representative and tell them what’s going on.
When the game is that tilted against you, when do you just stop playing? You’re literally getting nowhere playing by the rules.
I wonder how that plays out though. What’s the punishment for non-payment?
As I understand things from my own reading, Student Loans typically can’t be discharged with bankruptcy, and they start garnishing your wages eventually if you don’t pay voluntarily.
Short of keeping all your money in cash and living off the grid in a hovel not worth the trouble for the bank to foreclose on, I think I’m pretty much fucked.
Holy shit!! I won the birth lottery be being born in Norway, and I watch Last week tonight with John Oliver weekly, read the news about what’s happening around the world, to be informed, listen to Behind the Bastards, Lemmy, local news etc., so I feel pretty informed. However, 440% increase? And the other commentary who’s paid for 10 years with no decrease - what in the actual fuck???
There are SO many property owners who could not keep their house with a 5% increase on their house loan (article from COVID years), and I remember reading about people going to the news complaining that they had to cancel one of their streaming services, and others who maybe had to sell ONE of their two cabins.
450%‽‽‽‽‽‽‽‽‽‽‽ Why have people not revolted? How can you still be complacent? I’m so sorry to hear about this happening.
Why have people not revolted?
Our cops will fucking kill us
willHave and will again kill us.Our cops are fucking blood thirsty. If you listen to ex cops talk about their time in the force its us vs them constantly over and over again.
Because apparently they won’t start collecting those new prices until December?
Same. Born in Belgium and I had to pay less than 1000 € for a full academic year at the University. The quality of education is good. I got a decent job, correctly paid. I did not had any debt when I started my career. What more did you get in the USA ? I would be depressed as hell to be in the shoes of that guy who claimed above that he paid only the interests of his student debt, after ten years of reimbursement.
Educated people don’t support the regime.
Only one percent are average…. Half are below that, half above… no… that’s median
A really stupid guy can absolutely bring down the average. That’s average.
Some of the smartest people one can know are fucking stupid idiots.
I hate to say this but fucking good. Throwing random people in Gitmo wasn’t enough to piss the people off to do anything, because the only thing that would be enough is when they fuck with everyone’s money.
I hate the “fuck you I got mine” attitude so fucking much.
I seriously doubt this will be enough. A whole lot of qons were very grrrr, mad when Biden talked about loan forgiveness for the same reasons, really (“fuck you I got mine”) and many qons never went to school.
You have more hope than I. I seriously do not think Americans will ever do anything. Too many people have been indoctrinated into obedience.
Millennials were already against Trump. They were and remain the most liberal generation alive
It kills me that we lost Gen Z to fucking streamers.
Not all of us. Really mostly the men. Talking to a genz woman vs man is like two completely different groups.
This isn’t the first time I’ve heard that. I wonder why things have played out this way.
If you want my honest opinion, gamer gate. it hit at just the right time for a lot of genz boys to be really into gaming at the time and to be dumb enough to just listen to what the people that they watched play games say and believe.
I really don’t want it to be true, because it’s just such a boring, stupid little bit of corruption. There’s so much fucking corruption in our whole economy, and for them to seize on that of all things and the message they get out of it is “wow, fuck women huh?” Is just boggling.
idk about that. Most people still don’t watch streamers
There’s a decent correlation there. There was an article or study out out recently that demonstrated that Republican narratives and pundits overwhelmingly dominate the podcast/streaming space by like a 5:1 ratio, and that a lot of people (for some reason, disproportionately men) who are exposed to podcasts and streaming tend to drift right as they’re exposed to these pundits and narratives.
Sad that it comes to this and people’s social security + other social safety nets having to be cut for them to wake the fuck up.
Wasn’t there a story going around about how Harvard is doing tuition free if you make less than $200k or something? lol
Damn too bad I ain’t paying shit
Can’t get blood from a stone.
All the better to declare himself supreme leader for life so he can “fix everything” and MAGA.
Only millennials? Take a look at your own future.
This seems… misleading, in a weird way. Even some of the comments are confusing, though I may be just clueless as I’m not American (I’m Canadian, so don’t know any people directly impacted by this to question in person).
There are comments here saying it’s really tough because low interest private loans are less available. People noting huge increases in their monthly payments (by percent, but often not noting the actual dollar value from what I can see?).
The article notes that the average student loan debt is around $38k. Even with a terrible interest rate of like 12%, which is what my local Credit Union offers for personal loans, that’s a monthly payment of $500 for ~10 years. The guy in the article is an outlier it seems, in that he has a 6.3% interest rate and payments around $5000 – so while the average person is out 38k, this guys in the hole by like $400k+?? The reason it costs them as much as a mortgage payment, is cause they spent as much as a house getting his education. I doubt education costs ‘skyrocketed’ partway through his education, so he would’ve seen that bill coming. And for the price of that education, I’m guessing he could run the numbers with more accuracy ahead of time, and make an informed/educated decision on whether to take out those loans.
400k is not uncommon for medical school debt. Blaming it on the ~18 year old that just wanted to get a decent job helping people is bootlicker talk.
Sure, but you’re framing that in a way to be as positive as possible about it. How about, “the 18 year old that wanted to defend criminals and get them out of violent crime offenses for huge profits”, and went into debt to pursue what they thought was going to be a hugely profitable career? Do you really think regular people, who go into debt just ~40k based on what the article states, should also be comp’ing that other case with perks/debt forgiveness? The article is specifically using an outlier case, who went into debt for a profession that’s respectable, to skew opinions…
Student debt is an issue in the states, I don’t disagree on that as far as I understand it at least. It’s just that a lot of the articles around the subject seem very heavily skewed by political bias, which is annoying. And me being annoyed by that, and wanting more neutral discussion, I don’t think of as bootlicking.
The second sentence doesn’t only apply to folks going into the medical field, and I would say a lot of jobs help people.
Do you really think regular people, who go into debt just ~40k based on what the article states, should also be comp’ing that other case with perks/debt forgiveness?
Yes.
It’s just that a lot of the articles around the subject seem very heavily skewed by political bias
I think this is why I am not super interested in engaging with the particulars of your reply. Because you’re right, there is selection and political bias in this article. But not in the direction you think. Because the article completely omits the culture pressures that started the issues of student loans. That for many it was seen as the only path out of poverty, and wanting to foster that while still allowing markets to drive everything in the country, the government decided the loans was the correct solution. Since these were 18 year olds getting goods that could not be returned, the only market solution to that was make the loans not discharged on bankruptcy.
Once the costs were abstracted into the future, the tuition start to quickly rise, and with government backing the student loans, the loans rise with them. Since schools are now getting an order of magnitude more from each student they lure in, they heavily push the idea that you will be flipping burgers for minimum wage unless you have a degree, reframing university as not a place of higher learning for those with exceptional interest, to the necessary step after high school. This taking root devalues all degrees, but 4 year degrees in particular, leading to a drop in the salaries expectations of the professional class with 4 year degrees.
With this market driven strategy giving rise to these new problems, income driven payment plans become much more common, and with those being cut off, suddenly the 1.6 trillion dollar debt bubble in the US starts to become realized. Which is what this article is touching on from a more personal level.
All of that being said, reaching for criminal defense lawyers as your example of a morally abhorrent and greedy career track says much more about your bootlicking than anything. If you had a worthwhile conception of the problem and reality of it, you would have picked one of the much better examples.
The difference is our student loans are not predatory, and our schools are not as expensive, tho we can’t discharge our loans through bankruptcy either. I’ve had 3 loans and even paying minimum they were paid off in a decade or 2, repayments are higher in the states and from what I understand the minimum payments there are interest only.
