Over 9 million student loan borrowers past due after bills restarted, Fed estimates
Over 9 million student loan borrowers past due after bills restarted, Fed estimates
F it! Everybody stop paying them as well as credit card debt and more. You can't squeeze blood from a stone. ¯(ツ)_/¯
I generally agree, but credit card debt in my experience is very different from student loan debt. I don’t make a ton of money, but I make enough to pay off my credit cards every month, which I use for all my purchases and most bills.
But I also have hundreds of thousands of dollars of student loan debt, which only ever goes up even when I make all my payments. That debt will never realistically go away even if I make really high payments above the minimum, unless I win the lottery. Oh and I actually use my degrees at work, so college and grad school were a huge benefit to me, that I’ll never be able to pay off.
Credit cards, when used properly, are easy to stay on top of if you use them within your means and always pay them off every month. Student loans, even when used properly, are essentially designed to keep you in debt. So I’m 100% in favor of boycotting student loan payments, but I don’t think it’s necessary to boycott credit card debt unless you’ve been scammed or seriously taken advantage of. But more power to you if you do!!
Student loans, even when used properly, are essentially designed to keep you in debt
Absolutely. It's the new indentured servitude. Conversely, I believe education should be free or very low cost as it is a betterment to society.
I'm also with you on CC. Fortunately I do well enough, but I live within my means and pay it off each month. I put things off I cannot afford until I've saved enough for it. Or I just do without. If they had layaway, I'd do that since I grew up with that sort of thing.
How long till Trump and friends announce the return of Debtors' Prisons?
I'm more worried about them starting a Debtors Draft for military service.
That is an excellent point, and I would not at all be shocked if they do that. And it’ll probably come with some new fucky thing like “we’ll excuse your debt but you’re inadmissible for the GI Bill”
Can't draft a corpse.
