Millennials are watching monthly student loan payments skyrocket from $500 to $5000 under Trump: This will ‘crash the economy’
Millennials are watching monthly student loan payments skyrocket from $500 to $5000 under Trump: This will ‘crash the economy’
This will 'crash the economy,’ one borrower has warned.
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$5000? …A month? A sudden rate increase 10 times the agreed amount? This smells like rage bait. We are not in post-World War I, Germany, yet.
You are post world war germany. Namely 1933. Wake up.
I mean... There's a full article explaining the cause for the increases, it's not like there's no reasoning provided.
The article says the loan costs have increased and gives lots of examples.
It doesn't explain why the increases have happened.
Try again. It's the 4th paragraph.
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. In response, the Trump administration paused all applications for income-driven repayment plans and online loan consolidation, leaving some borrowers in limbo struggling to make ends meet.
But that's new applications. It doesn't explain why existing loans have increased.
My partner was eligible for ~$750 per month repayments under a Biden era plan that Trump scrapped. They now have to pay ~$4300 per month. The headline isn't far off.
The fact that it's bad doesn't make it impossible.
No, but it sets off "potential bs" alarms. It doesn't matter whether you agree or disagree with it, headlines tend to misrepresent for clicks, this is just the truth.
It makes me uncomfortable when people suffer so I just pretend their suffering isn't real when it challenges me.
FTFY
Interesting, see I would have translated it as
I don't just believe all of the shit I read on the internet because I don't have my head a mile up my own ass
But i suppose I'm not fluent in lemming so what do i know.
Maybe if you were fluent in English you could have said what you meant in one attempt.
it sets off “potential bs” alarms
Pretty clear to me, I guess my problem was assuming I was speaking to another adult, and not a child who would react to a made up perception of what I meant instead of the words I actually said. Exactly like the kind of person who just believes every headline they read as long as it aligns to their values.
My university costs increased over the years to almost double of what I paid on the first years, I wasn't on debt, the cost of monthly payments just increased every semester.