I am against student loan repayments. A plumber should not be paying for your gender studies degree.

  • Bob Robertson IX@lemmy.world
    link
    fedilink
    arrow-up
    12
    ·
    7 months ago

    I borrowed $40k for my education. Over 20 years I repaid $75k. Had the repayment plan Biden tried to do in 2021 not been shot down by the Supreme Court, I would have had $20k knocked off my balance, which means I would have still repaid a lot more than I had borrowed.

    Why should the government be making money by charging interest on student loans? Plumbers wouldn’t have paid for the repayment, instead it would have been my interest payments paying for it. And the plumber would still be getting an extra $15k out of me in excessive payments that I’ve had to make.

    • Neuromancer@lemm.eeOPM
      link
      fedilink
      arrow-up
      2
      arrow-down
      15
      ·
      7 months ago

      Why should the government be making money by charging interest on student loans?

      I agree. The government shouldn’t be issuing student loans. Private banks can handle that function and allow people to BK on them.