• ghostOfRoux();@lemmygrad.ml
    link
    fedilink
    arrow-up
    29
    arrow-down
    1
    ·
    edit-2
    1 year ago

    Just in time for me to get fired from my first real decent paying job!

    • It’s our fault for taking the loan
    • just get more jobs to pay it off
    • well I paid mine off in a few years back in 1998
    • other crab mentality rhetoric
    • should have gotten a Mike Roe Job
    • eat less avocado toast
    • stop eating out 4 times a day
    • get a roommate or 10
    • REEEEEEEEEEEEE
    • etc

    Did I miss any kneejerk responses?

    • Rom@lemm.ee
      link
      fedilink
      arrow-up
      17
      arrow-down
      1
      ·
      1 year ago

      “You agreed to it!” Which doesn’t in an any way answer the question, but appears to be the default response to “why are predatory loans like this even allowed to exist in the first place?”

      • ghostOfRoux();@lemmygrad.ml
        link
        fedilink
        arrow-up
        16
        arrow-down
        2
        ·
        1 year ago

        Tbf, Biden’s weak ass attempt at loan forgiveness isn’t an answer either. It’s systemic and paying part this one time is actually probably just throwing money away. Fix it from a systemic standpoint. I don’t want empty gestures from a geriatric virtue signalling twat.

        • Rom@lemm.ee
          link
          fedilink
          arrow-up
          17
          arrow-down
          1
          ·
          edit-2
          1 year ago

          Democrats half-assing solutions to systemic problems only for them to fail in Congress or get struck down by the Supreme Court because they don’t want to upset their capitalist overlords really epitomizes the pathetic excuse for “leftism” we have in the government.

    • redtea@lemmygrad.ml
      link
      fedilink
      arrow-up
      6
      arrow-down
      1
      ·
      1 year ago

      Have you considered becoming an internet star? I hear they make good money and all you need is a camera and a YouTube channel to become an influencer.

      • ghostOfRoux();@lemmygrad.ml
        link
        fedilink
        arrow-up
        4
        ·
        1 year ago

        I could just talk trash about US politics and occasionally throw out some soft theory so I don’t get demonetized too quickly.

        • redtea@lemmygrad.ml
          link
          fedilink
          arrow-up
          4
          ·
          1 year ago

          Sounds like a plan. Make a few witty shorts. You’ll be handing out piles of cash to random strangers for views in no time.

    • ghostOfRoux();@lemmygrad.ml
      link
      fedilink
      arrow-up
      16
      arrow-down
      1
      ·
      1 year ago

      I was gonna mention the last time I think you asked this. I take it you aren’t stateside.

      First it becomes insolvent, then after a while it longer it goes into default. This is when it gets sent to a collection agency(and it will pass from one agency to another because the get sick of sending you letters and calling you 17,458 times a month.) All this time it will still accrue interest at like 9%. After they get sick of trying to collect, the gov can get involved and withhold our tax returns or garnish our wages.

      To put that interest into perspective, I have the ability to pay a monthly amount based on my wages. Before the pandemic, when I was able to pay, the amount was so low and the interest was so high that I wasn’t able to pay more than what I was accruing.

  • ZooGuru@lemmy.world
    link
    fedilink
    arrow-up
    7
    arrow-down
    1
    ·
    1 year ago

    Not sure where you’re from, but attack the higher interest loans hardest and hope for some kind of relief in the future. I hope you can put your learning to good use and get that monkey off your back. Go hard and good luck!

  • 陆船。@lemmygrad.ml
    link
    fedilink
    arrow-up
    7
    arrow-down
    2
    ·
    1 year ago

    They’re actually due in September but you get an administrative forbearance of 1 mo that accrues interest. If you can, throw these leeches some money in September.