I stopped paying mine. It was homelessness or student loans. Fuck em. If they can write off billions of small business loans, they can write off my student loans. Fuck that game.
this post was submitted on 18 Mar 2025
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I agree with you in principle, but they won't do it and you're likely going to end up struggling. There are other payment plan options that I encourage you to research before you end up in more debt which you can't offload. It's fucked up, I know. And I'm sorry you're having to decide between a payment or shelter. Obviously shelter comes first. But there might be other options to allow you to have both.
Consider killing a CEO
NO we should all stop paying. If everyone of us who have student loan debt stop paying we crash the system. It needs to burn like Elon dealerships.
The necessary prerequisite to this is to organize.
These fossils still think that Millennials are kids. Bro, my kids are almost in high school, my back hurts, I feel this flesh prison decaying around me. I'm entering the part of my life where I'm traditionally supposed to be the most economically advantaged, and this bullshit is going to basically nuke my generation's ability to participate in the economy, because we were all told that we need to go to college to have a good life.
At this point I pray for an afterlife so that I actually have a life I can enjoy
Republicans always crash the economy.
Do Americans not have eyes?
How do they not see this pattern?
I think you’re looking at this the wrong way. They’re in a death cult. They want this. They want anyone who is opposed to them to suffer as much as possible even if it means destroying their country in the process. This is what “owning the libs” is about, and it’s all they have left because their pathetic ideology can only make things worse for the working class.
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.
Last month, a federal judge blocked the Biden administration-era SAVE plan, an income-driven student loan replacement program with 8 million borrowers, claiming it lacked the authority to forgive millions of dollars in debt.
It's almost funny how when Biden was President he had no authority to do anything, however trump doesn't seem to have that issue as much. Almost funny.
"Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."
I don't know why Biden didn't just go full dictator like Trump. Dictators that do the thing I want are actually good and there's absolutely no possible repercussions.
How bad will it get before people start emigrating?
People who emigrate in response to things getting bad are cowards ...
Congrats on the most stupid take my eyeballs saw today 👏
What are you talking about? People emigrating (after an enormous genocide) is how this country was made!
Again, I'm very confused on how that's relevant to what I'm saying
It's relevant because if we go by your logic, then the entire country of USA is made by and for cowards since all of them, except for the native Americans, are either immigrants or descendants of immigrants. Ergo, the United States is inherently cowardly.
That's really strange that you think people are purely determined by their parents.... Like, seriously, what?
But sure, founded by. A nation isn't determined purely by it's founders. That still hasn't explained how this is relevant to what I'm saying.
I don't think that. I'm just applying your logic to the reality of the United States being a nation of immigrants who aren't native to the land they inhabit. Therefore it is a nation built by cowards. People still migrate to the US today, btw. And they marry the descendants of the cowards so the cowardly traits will never die out there.
Or maybe, just maybe, people who migrate to another country are just looking for ways to live a free and happy life? Maybe those to move some place else have better opportunities somewhere else and they prefer to live in peace with their family rather than being potentially thrown in concentration camps or killed by their government. It is so easy to sit there and say that people who move away from an area are cowards. Just like it is easy for me to make the conclusion that all of US is cowardly because all of them (except the natives) either migrated there or descend from generation upon generation of migrants. You are correct in objecting to that conclusion and calling it strange because that is indeed a strange thing to conclude. Just like it is strange of you to conclude that those who move away from the US currently are cowards. It is strange and a downright foolish statement to make.
You applied a perversion of my logic.
I did not say all immigrants were cowards. I said "people who emigrate in response to things getting bad are cowards."
You not reading my sentence in full and instead splicing it to fit your image of me is a tad annoying.
Effectively, I'm saying those who flee at the start of when things get bad instead of trying to stop it are cowards. If you can make a difference, you should. That's my viewpoint in life.
"Going somewhere for a better life" is not what I'm against. "Refusing to attempt to stop the decay of your current space" is what I'm against. People like the leadership dems, who flop down in the face of a foe. That's cowardice.
It's an understandable thing to do. That won't stop me from thinking they're cowards.
Those who flee when things get bad are also going somewhere for a better life.
And my example of applying your logic still fits as many people who come to the US have fled countries that were going to shit.
Are you going to say that for example every Philippino who has moved away for a better life because the Philippines is pretty shite to live in if your aren't rich - are cowards?
You can think what I'm saying is annoying all you want, but you cannot just make a blanket statement for people who are leaving the US and calling them cowards without applying that logic to other people in other countries who have done the same. And I think most of us would get a bad taste in our mouths if we started saying that Philippinos are cowards for leaving their country instead of staying and fixing their country. It's not that simple. Especially not for those groups in society who are being persecuted.
I don't see how the blanket statement is an issue. "Bad taste in your mouth" isn't exactly a great argument for or against something.
Fascism is evil. People need to fight it.
I'm sure you will be in the front of the resistance and put action to your words.
so you think no one online ever does anything, huh? I'm already preparing. Voting isn't enough... Resistance is best when organized, and I'm advocating for my union to take steps to be ready as well as taking them myself. I'm not standing by idle. I campaigned in election season to help fight it there. And now that we lost the election, I'm taking other measures.
Maybe some of the people who move away from the US are also doing their part to help their country in ways you haven't thought of? They can still advocate for their values and beliefs even of they don't live in the country. You have a very limited scope on what people are doing and not doing in this situation. You might benefit from calming your ego a little bit and consider that your way isn't the only way to combat a facistic leader.
It's good that you try and do your part, I just dislike your superiority complex about it and how you blindly judge anyone who reacts differently than what you deem the right way to handle the situation.
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.
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.
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.
Funny you think the higher price tag gets us anything more. I spent 60k to get my degree, and graduated into a recession where I couldn't get a job flipping burgers. I've been on income-based payments for my student loans ever since and have never paid even the full amount of interest for one period because of my income. So now I owe 10k more than I graduated with, and km homeless and unemployed cause I'm overqualified for anything entry and don't have the experience for things that need a degree. Yay for the American dream.
Why have people not revolted?
Our cops will fucking kill us
And the other commentary who’s paid for 10 years with no decrease - what in the actual fuck???
Not to justify, just explain: That person likely only ever paid the bare minimum to cover interest. It's like when you have a credit card. You can make interest-only payments, or you can pay more to start clearing the actual debt.
There are SO many property owners who could not keep their house with a 5% increase on their house loan
But it's not a 5 percent increase, it's a five percentage point increase on the interest.
I'll take a loan calculator with typical Estonian values for an apartment, not a detached house, bought before the Ukraine war with the standard margin + euribor interest scheme.
250k @ 15% down, 30 years, 1.7% base interest + 6 months euribor. Euribor was 0, so we input that into the calculator. Monthly payment is 754 euros. About the same as rent for a decent 3 bedroom apartment, so not a bad deal, right? At least you get to keep it at the end of the 30 years, plus Euribor has been 0% for like a decade, it's never going to go up. Well, now Putin attacked Ukraine and it triggers raised interests because they've already been too low and inflation has been too high. Over the course of the next ~2 years, Euribor goes up to 4%. Now your interest has gone from 1.7% to 5.7% annually, with the euribor part being updated every 6 months. And the payment? 754 euros monthly to 1233 euros monthly. If you're making 2500 euros neto, 754 euros for a mortgage isn't a bad deal, but 1233 euros as the prices on absolutely everything is going up 2-3x? Suddenly it's a lot less affordable, at least if you have a family and such. For a single person it would still be doable.
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.
When the game is that tilted against you, when do you just stop playing? You're literally getting nowhere playing by the rules.
I wonder how that plays out though. What's the punishment for non-payment?
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.
You can't "not pay", but a million people can "not pay". You all need to get organised. These student loans are ridiculous, debilitating, crippling maybe even killing.
They will almost certainly change the rules once the injunction finalizes. Call your representative and tell them what’s going on.