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How Restarting Student Loan Payments Could Change Millions of Lives — And The Economy
(fivethirtyeight.com)
this post was submitted on 29 Aug 2023
103 points (93.3% liked)
politics
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As someone who never needed to take loans because of academic scholarships, you can go fuck your self.
Predatory education loans have placed a huge burden on the middle and lower classes in this country. Just because you made the poor financial decision to take a private loan, doesn’t mean other people should also have to suffer.
I was in higher education for ten years. I paid my way through using a combination of private savings, and eventually my father convinced my boss to pay for my education if he wanted me to work full time (I was a REALLY good employee at his small business). I fortunately graduated debt-free unlike most of my peers.
Yes, I worked my way through, and I "earned" my degree the hard way (I made my boss millions through my own hard work for his company so I earned that degree).
But, I still 100% support any kind of student debt relief for everyone struggling to pay off student debt. It's called wanting a better life for my fellow human. That money in their wallet would be better spent in the local economy, not paid to some mega bank corporation swallowing up interest on student debt.
I guess I just have compassion for my fellow human being over some ruthless corporation.
I had an almost 8% predatory government loan for many years. I refinanced during COVID at a low percent. The damage was already done. People call my move to private my relief, but I already suffered by the hand of the government, so if they help everyone else for not listening when they said they were going to start them back up again two years ago, it would be bullshit. That is what they intend to do though because apparently people like me should go fuck off for removing myself from a predatory government lending system. I don’t believe just some people should get helped. Especially when many people were hurt over time and only now improving.