I, like many and hopefully some of y’all, stopped paying my student loans during Covid and never restarted paying because we’re supposed to have gotten relief from this debt that should’ve never existed in the first place. Now we have Trump coming back which kills the possibility of debt relief. So should I start repaying so I don’t get my wages garnished? Or do we think the government is going to be too inefficient to come after it?
Edit: At one point when I heard that it was the only way to get forgiveness, I moved all my debt from a third party to being a government loan. Does that change anything?
It continues to gather interest. If you don’t pay it down, you will have a larger loan in the future.
Pay your debt.
I cant afford it either way. Before the pandemic there was more student loan debt in the US than credit card debt. It’s the 2008 housing bubble all over again, only this time there aren’t even millions of worthless homes to compensate lenders.
Why cant you afford it? Didn’t you think about how you were going to pay it back when you signed the papers agreeing that you would pay it back?
You can fuck right off with that bullshit. An 18 year old pressured into signing a predatory loan does not have the capacity to understand the bullshit they are in for.
Why do you blame the consumer instead of the scam loan company?
I mean, I always understand the fact that if you borrow money you have to pay it back. With interest. pretty simple concept learned in like 6th grade.
Which is entirely seperate from having a grasp on how much money it is you’re borrowing and how hard it will be to pay back
How? I mean I hear 60k and think man that’s alot
I hate that, as someone who was truly on top of this 4 years ago and submitting paperwork for public service forgiveness and all, I have no fucking clue as to what is happening now or what’s next. So, as someone who definitely owes money on that, and had a kid right before the pandemic hit, and is desperately adrift keeping shit together, I really hope someone has a great ELI5 coming on this thread lol
ELI5 Pay your debt that you willing took on yourself.
I mean, I have been paying this whole time lol, did I say otherwise? That shit is on autopay. What I do mean is that I haven’t kept up with the constant shifting of rules and programs that start and then get stopped by the courts, etc. I am busy working my ass off, and if last time I had to deal with this is any indication, I have to take the equivalent of a whole day off, do research, spend hours on the phone with the servicer, then do a bunch of paperwork just to ensure I have things the way they are supposed to be (unlike a whole year I was overpaying because I didn’t know about some consolidation process).
These are government loans that are then managed by private companies. Considering I pay not only interest but also taxes, I think is fair to ask that the way it be managed by some better means than some shifty inefficient third party business, that makes me do their job for them just so I can be paying the fair amount I am supposed to, and also get the forgiveness the government promised me for applying my advanced degree to non-profit work for 10 years: that’s not a fucking hand out, it’s a deal the government made with me to satisfy a policy need they had. I am doing my part and making all these payments for a decade, and they’re not exactly doing their best to keep their end of the bargain when you have some byzantine program they outsourced and screws over a bunch of people that have kept up their end of the bargain.
So, get over yourself. I don’t understand what’s your fucking problem here
My problem is you expecting a bail out for something you signed up for yourself. I’m not over here complaining about my my loans. I pay them.
How does a 30 year mortgage sound then? Gonna whine and complain about that for ten years and just expect it paid off by others? Get outta here loser
Thank you daddy please spank me more
Lol
