Student Debt Has Reached $1.3 Trillion, compared to just $243 billion in 2003

Comments

• givesomefucks@lemmy.world ⁨5⁩ ⁨months⁩ ago

  This is why “most relief ever” isn’t enough.

  This problem is new and growing exponentially. We can’t just always be reactive, we need to be proactive especially in situations with our of control interest.

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  • big_slap@lemmy.world ⁨5⁩ ⁨months⁩ ago

    I feel that our current leaders are not wired to think proactively, and that will be our downfall

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    • givesomefucks@lemmy.world ⁨5⁩ ⁨months⁩ ago

      It’s one of those things where Republicans put people like Betsy Davros in charge, then moderates want us to clap for bread crumbs

      Like, a big chunk of loan forgiveness so far, is people that qualified for PSLF, but couldn’t get it because the loan servicers were in charge of it, and intentionally incompetent.

      So now the feds are paying the inflated balances with interest.

      We need to talk about principals forgiven, not amounts after 20 years of interest.

      Sure, what we’re doing now is better than nothing, that doesn’t mean it’s enough though.

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  • b3an@lemmy.world ⁨5⁩ ⁨months⁩ ago

    I’ve been saying this too. Even praised Biden for what he has done. There is so much more to do though. Simply removing the debt (still should be done) won’t address the deeper issue of colleges and loan providers gouging students every possible way they can. Year after year tuition and book prices go up, value and quality goes down.

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• pennomi@lemmy.world ⁨5⁩ ⁨months⁩ ago

  If all students did a general strike for a year, it would immediately force change. Tuition is absurdly expensive, even though it’s cheaper to educate people than ever before due to technology.

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• sunzu@kbin.run ⁨5⁩ ⁨months⁩ ago

  Debt slave is the best slave IMHO

  He will work for anywage !

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• InternetCitizen2@lemmy.world ⁨5⁩ ⁨months⁩ ago

  I like to remind conservatives of the PPP loans when they say “student loans are loans and this must be paid back. You knew that when you signed up”

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• essell@lemmy.world ⁨5⁩ ⁨months⁩ ago

  “Just $243 billion” is a hell of a sentence

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• Sanctus@lemmy.world ⁨5⁩ ⁨months⁩ ago

  This sounds like a problem we need to take collective action on, five years ago. Good luck getting people away from every other atrocity to protest this. Or strike and not pay a single dime to Universities or loan servicers. I’m so fucken tired of this boiling water.

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• Mediocre_Bard@lemmy.world ⁨5⁩ ⁨months⁩ ago

  I’m doing my part!

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