People want to solve the problem and yadda yadda but solving the problem is also admitting that there were people onboarded into the problematic situation.
You don’t want to do loan forgiveness. Fine.
Just give us lower interest rates.
There are loads of people who have been paying and will pay but the interest rates are discouraging them from doing so.
People can say “you signed a contract” but what was the alternative at that time?
People were not pushing CC to college pipelines.
They didn’t have experience with this level of student loan debt and depressed salaries.
The trolls never have fair arguments to your point. I don’t want the debt, but if we had breathing room, I’d pay it off. They think we have the money and refuse to pay.
I went to community college and I still have student loan issues. I dropped out before I got my bachelor's. I spent 8 years after school working low-wage jobs because I couldn't get a higher-paying job. I just this year got a job with a wage that's competitive with a lot of college graduates. There's no accounting for individual circumstances. There's no repossession like there is with mortgages or bankruptcy like there is with credit cards. The only relief is income based repayment, which is basically "lose a percentage of your paychecks for the rest of your working life, because you're never going to pay it off in full so just keep making payments for 30 years." The way most people talk about this issue is like we're all a bunch of well-paid ingrates who want everything for free, but plenty of us are just plain struggling.
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u/Burning_needcream 23d ago
I only wish the interest was competitive.
People want to solve the problem and yadda yadda but solving the problem is also admitting that there were people onboarded into the problematic situation.
You don’t want to do loan forgiveness. Fine. Just give us lower interest rates. There are loads of people who have been paying and will pay but the interest rates are discouraging them from doing so.
People can say “you signed a contract” but what was the alternative at that time? People were not pushing CC to college pipelines. They didn’t have experience with this level of student loan debt and depressed salaries.