• ApathyMoose@beehaw.org
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    1 year ago

    I mean they would have gotten a lot less push-back on the other side if they had done that.

    dont get me wrong, i think forgiveness is great.

    But the interest rate alone is just crazy. Your guaranteed to just stay in debt forever. Especially since they wanted at least Bachlor degrees (pre-pandemic anyway) for EVERYTHING. looking on indeed they wanted college degrees for jobs paying $12/hr. Like cmon… How is someone supposed to pay back a loan of $20k + back at 6.5% interest making such small amounts of money. thats not counting trying to find a place to live on that pay.

    They wonder why so many more teens and people in their 20s were living at home still. Too expensive to leave.