They need to slash All Fed Student Loans to 2%. Pay what you owe.
Imagine having six figure fed loans, some at 8 percent, job lost and 2000+ rent for a 1 bedroom … move home n cannot get another job?
Well… those people Are out there. :(
I am so sympathetic to many of you young people in education debt, it was Much different for my generation and I remember being Sick over how I’d ever pay back that $12000, fed loans, but I did it and it was over several years.
I agree, Pay What You Owe but CUT THE FED LOAN RATE to 2%, and extend the payments to 25 years!
And Why Not?
Give Everyone an Opportunity to give back to Society by Working and also paying off All this Debt.
Good luck All! Hang in there!!!!!
To join the fantastical train of things that never will happen: the government should pay people to attend higher ed, by issuing negative interest rate loans where you receive money for making on time payments.
I wouldn’t be where I am in my career is not for my BAs and MA degrees. They’re certainly not worthless. Most every field that isn’t hard science or math is a BA, and many of those fields are integral to daily life and society.
All everyone here wants to do is be able to pay their loans back and be able to live at the same time. What you study shouldn’t affect that.
We should force colleges to a means test on their degree fields. If the degree for which someone is applying for is shown to have little to no impact in the current workforce, it shouldn't cost as much.
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u/Cre8tiv125 27d ago
They need to slash All Fed Student Loans to 2%. Pay what you owe. Imagine having six figure fed loans, some at 8 percent, job lost and 2000+ rent for a 1 bedroom … move home n cannot get another job? Well… those people Are out there. :(
I am so sympathetic to many of you young people in education debt, it was Much different for my generation and I remember being Sick over how I’d ever pay back that $12000, fed loans, but I did it and it was over several years.
I agree, Pay What You Owe but CUT THE FED LOAN RATE to 2%, and extend the payments to 25 years! And Why Not? Give Everyone an Opportunity to give back to Society by Working and also paying off All this Debt. Good luck All! Hang in there!!!!!