this post was submitted on 18 Mar 2025
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[–] ugtug@lemm.ee 63 points 1 day ago (2 children)

During Trump's first term I was convinced that he would try to increase revenue from student loans, so I converted mine to a low interest private loan.

Sadly low interest private options are no longer available for those still stuck in the federal student loan system. The administration knows that low interest private loans are no longer an option, and has a captive market to extract revenue from.

Trump has been grooming his supporters to cheer actions taken against the educated. I hope this move alienates millennial and younger college educated Republicans and finally turns them against the administration.

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[–] OsrsNeedsF2P@lemmy.ml 31 points 1 day ago (5 children)

How bad will it get before people start emigrating?

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[–] rxmc@lemmy.world 59 points 1 day ago (2 children)

Non-millenial here, also watching my payments skyrocket by 440%. Can't get loans with my excellent credit score because my debt to income ratio is super high. At this point it would cost me less to tank my credit, go into default, and be garnished since my credit score is meaningless anyway.

[–] Adulated_Aspersion@lemmy.world 57 points 1 day ago (2 children)

299.56% for me.

And the kicker is that in the 10 years that I have paid, my principal balance has not decreased at all.

Oh, and the real treat? Since the Federal injunction, I can't recertify my repayment information, which means I lost all progress towards loan forgiveness.

I am fucking livid.

[–] bluemellophone@lemmy.world 2 points 15 hours ago (1 children)

They will almost certainly change the rules once the injunction finalizes. Call your representative and tell them what’s going on.

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[–] OutlierBlue@lemmy.ca 16 points 1 day ago (1 children)

When the game is that tilted against you, when do you just stop playing? You're literally getting nowhere playing by the rules.

[–] frunch@lemmy.world 6 points 1 day ago (2 children)

I wonder how that plays out though. What's the punishment for non-payment?

[–] Confused_Emus@lemmy.dbzer0.com 18 points 1 day ago (1 children)

As I understand things from my own reading, Student Loans typically can’t be discharged with bankruptcy, and they start garnishing your wages eventually if you don’t pay voluntarily.

Short of keeping all your money in cash and living off the grid in a hovel not worth the trouble for the bank to foreclose on, I think I’m pretty much fucked.

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[–] P1nkman@lemmy.world 30 points 1 day ago (3 children)

Holy shit!! I won the birth lottery be being born in Norway, and I watch Last week tonight with John Oliver weekly, read the news about what's happening around the world, to be informed, listen to Behind the Bastards, Lemmy, local news etc., so I feel pretty informed. However, 440% increase? And the other commentary who's paid for 10 years with no decrease - what in the actual fuck??????

There are SO many property owners who could not keep their house with a 5% increase on their house loan (article from COVID years), and I remember reading about people going to the news complaining that they had to cancel one of their streaming services, and others who maybe had to sell ONE of their two cabins.

450%‽‽‽‽‽‽‽‽‽‽‽ Why have people not revolted? How can you still be complacent? I'm so sorry to hear about this happening.

[–] bishbosh@lemm.ee 26 points 1 day ago (2 children)

Why have people not revolted?

Our cops will fucking kill us

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[–] Brumefey@sh.itjust.works 5 points 22 hours ago* (last edited 22 hours ago) (1 children)

Same. Born in Belgium and I had to pay less than 1000 € for a full academic year at the University. The quality of education is good. I got a decent job, correctly paid. I did not had any debt when I started my career. What more did you get in the USA ? I would be depressed as hell to be in the shoes of that guy who claimed above that he paid only the interests of his student debt, after ten years of reimbursement.

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[–] Rekorse@sh.itjust.works 2 points 19 hours ago

Because apparently they won't start collecting those new prices until December?

[–] ArchmageAzor@lemmy.world 33 points 1 day ago (2 children)

Educated people don't support the regime.

[–] DancingBear@midwest.social 2 points 15 hours ago* (last edited 15 hours ago)

Only one percent are average…. Half are below that, half above… no… that’s median

A really stupid guy can absolutely bring down the average. That’s average.

[–] some_guy@lemmy.sdf.org 10 points 1 day ago

Some of the smartest people one can know are fucking stupid idiots.

[–] magic_smoke@lemmy.blahaj.zone 73 points 1 day ago (4 children)

I hate to say this but fucking good. Throwing random people in Gitmo wasn't enough to piss the people off to do anything, because the only thing that would be enough is when they fuck with everyone's money.

I hate the "fuck you I got mine" attitude so fucking much.

[–] CharlesDarwin@lemmy.world 3 points 14 hours ago (1 children)

I seriously doubt this will be enough. A whole lot of qons were very grrrr, mad when Biden talked about loan forgiveness for the same reasons, really ("fuck you I got mine") and many qons never went to school.

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[–] morrowind@lemmy.ml 17 points 21 hours ago (9 children)

Millennials were already against Trump. They were and remain the most liberal generation alive

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[–] djsoren19@lemmy.blahaj.zone 6 points 18 hours ago

You have more hope than I. I seriously do not think Americans will ever do anything. Too many people have been indoctrinated into obedience.

[–] twoandtwoarefour@50501.chat 4 points 1 day ago

Sad that it comes to this and people’s social security + other social safety nets having to be cut for them to wake the fuck up.

[–] OldManBOMBIN@lemmy.world 21 points 1 day ago

Damn too bad I ain't paying shit

[–] gnomesaiyan@lemmy.world 19 points 1 day ago

Can't get blood from a stone.

[–] RememberTheApollo_@lemmy.world 1 points 19 hours ago

All the better to declare himself supreme leader for life so he can “fix everything” and MAGA.

[–] Flemmy@lemm.ee 9 points 1 day ago

Only millennials? Take a look at your own future.

[–] thatradomguy@lemmy.world -2 points 17 hours ago

Wasn't there a story going around about how Harvard is doing tuition free if you make less than $200k or something? lol

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