• Whirlygirl9@kbin.melroy.org
    12·
    29 days ago

    $250,000K in student loans. *$250K in student loans that started out as $25K in loans but due to balloon interest rates and various other BS they’ve paid it back 10 fold but will never get ahead because the interest keeps quadrupling what they owe every year. Let’s be clear on that…

  • davel [he/him]@lemmy.mlEnglish
    13·
    29 days ago

    The US government created that money out of thin air to pay for that education. It doesn’t even need it back. The people who really want the loans to remain intact are the private loan servicers, who the government creates money out of thin air to pay for the critical role of being a middle-man between you and your government.

  • IninewCrow@lemmy.caEnglish
    13·
    29 days ago

    It’s a matter of optics.

    If you said you gave $1,000 to some guy you met in England … I wouldn’t think twice about it.

    If you gave $1,000 to my neighbor and I saw what they did with that money, I would feel funny about it maybe even a bit jealous … and some people would get mad about it and ask why you didn’t give them $1,000 instead.