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Totally support this. These life altering decisions ‘provided’ to young adults, are force fed down your throat from everyone around you. Parents. Teachers. Everything in your world is school school school. You trust that’s what has gotten you through and all the people around you.
They disbursed MY student loans through a DEBIT CARD. I could only use it on ATMs on campus. There was a fee for every withdrawal. Max limits too of course! So you’re paying to pay to pay! But screw us right? We have a lifetime. So charge us for everything you can think of and add it to the tab. I got into my third year before it wasn’t enough to cover me to eat. Tuition. A roof over my head. I had to get a job to make ends meet, when I would have preferred to finish my degree. I ended up having to work a lot. A lot more than I expected. I had to quit school to work full time just to keep up with normal life expenses.
Keep in mind you’re learning a LOT and making a LOT of mistakes during this time still too.
That only encourages predatory colleges, with predatory deals with card companies to distribute student loans. To stick us with everything, including ridiculously exorbitant textbook costs.
Now I’m saddled with that debt. It’s grown 1/3rd more than I ever borrowed.
I still never got my degree.
If you left the country would you still be stuck with it? If i had that albatross around my neck i would serioualy consider building a new life somewhere else
Yeah. The people telling you to do it aren't malicious (most of them), they just grew up in a different and much fairer world. For them, the system was kind to them if they played ball, and they could have a good life just by following the rules. Now following the rules is purely for suckers. 😢
It is why I am for reform. I feel I should pay something back for what I did get, but that amount they want and how hard they’ve screwed us with horrible rates, and difficult or impossible bankruptcy options, shitty stagnant wages, rising costs of literally everything.
Trump doesn’t need to put this pain to this millions of borrowers. I don’t see him going after COVID loan forgiveness. How was that ok but this isn’t?
Student loans are a part of a scam system which have been ballooning out of control for decades. John Oliver did a great segment about it.