this post was submitted on 30 Jan 2024
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News

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[–] Coach@lemmy.world 9 points 8 months ago (3 children)

Pretty sure this "story" is sponsored by Sallie Mae.

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[–] paddirn@lemmy.world 9 points 8 months ago* (last edited 8 months ago)

Can we start doing that with rent payments en masse? I really wish there was a big, organized campaign around this to force rental companies to stop charging these outrageous made-up numbers for rent based on "market value" (which they themselves set).

With student loan payments, I sympathize and hope they all ultimately get their loans forgiven, but ultimately I think the rental situation is the worse offender that's driving more of the issues that we're seeing today. I try to pay on my loans/debts religiously, even if I hate the idea of paying all this extra interest on top of it.

[–] NecroParagon@lemm.ee 8 points 8 months ago

Oh hey this is about me 😂

[–] LotrOrc@lemmy.world 8 points 8 months ago (2 children)

I'm refusing to honestly Even with the new saver plan or whatever it's called you don't save any money. Yeah the monthly payments go down but you end up paying almost 20k more through interest over a longer time. That's not saving

[–] guacupado@lemmy.world 5 points 8 months ago

You're going to pay either normally or through wage garnishment. It's just a matter of where you want your credit sitting at when you start paying.

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[–] autumn_rain@lemmy.world 7 points 8 months ago (2 children)

They will get their paychecks garnished, or tax return checks garnished.

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[–] randon31415@lemmy.world 6 points 8 months ago

Before the concept of "tuition free classes" meant "it costs nothing", Britain was working with the idea of "anyone can take the class for free, but you have to pay a fee to take the final - and you can't pass the class without taking the final." Instead of having students take out loans and then something happens to them such that they can't pass the class or they get so far behind that they know they will fail the class, they make the decision a week or so before the class is over to take out the loan. With everyone moving to post-videos-auto-graded-homework-online-only, the only real per-student cost is grading the exams anyway.

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