>When Faith, a 33-year-old in Burlington, North Carolina, went back to get her master’s degree in higher education administration in 2020-21, she hoped it would accelerate her career growth and maybe even help her get on the housing ladder.
>Now, Faith has federal student loan debts of $38,113, and a repayment schedule that is much more demanding than she realized so she feels like the program stalled her progress.
>“I wasn’t aware of the detriment it would have on my future,” she said. “You really don’t know the full scope of what you’re getting into [when taking out student loan debt] … I got my master’s specifically to progress in my career, but what I make now versus what I owe on the degree, it’s almost like it doesn’t make sense.”
>She added: “I always regret that decision.”
>Faith’s situation has been made worse by the Trump administration’s move to resume charging loan interest for borrowers under the Saving on a Valuable Education (Save) plan as of 1 August. Under the Biden administration, about 8 million people enrolled in the Save plan – a 2023 income-driven repayment plan for student debt – many of whose loans have been in forbearance since last year.
>Under Donald Trump, the Department of Education has effectively killed the Save plan, recommending people switch to another repayment plan for their federal student loans. Borrowers can still choose to forgo payments, but will see interest accruing on their loans and won’t make any progress toward student loan forgiveness.
>“To me that just looks like you’re digging me deeper into debt, so I felt like I had no other choice but to go ahead and change from the Save plan and start making those payments,” Faith said.
Cold_Specialist_3656 on
Get fucked peasants!
Oligarch propaganda made poor Trumpanzees hate the only reliable path out of poverty. And now we’re destroying it to their rapturous applause!
Ketaskooter on
So this article quotes two teachers, a lawyer and a hospitality administrator. The teaching sector still needs a whole lot less people wanting to be teachers to drive up the wages and improve working conditions. Not sure why a lawyer is being featured in such an article, they’re fine and they should be smart enough to know what they signed up for. The hospitality administrator that seems like an overly specialized degree being able to roughly earn median wage.
3 Comments
>When Faith, a 33-year-old in Burlington, North Carolina, went back to get her master’s degree in higher education administration in 2020-21, she hoped it would accelerate her career growth and maybe even help her get on the housing ladder.
>Now, Faith has federal student loan debts of $38,113, and a repayment schedule that is much more demanding than she realized so she feels like the program stalled her progress.
>“I wasn’t aware of the detriment it would have on my future,” she said. “You really don’t know the full scope of what you’re getting into [when taking out student loan debt] … I got my master’s specifically to progress in my career, but what I make now versus what I owe on the degree, it’s almost like it doesn’t make sense.”
>She added: “I always regret that decision.”
>Faith’s situation has been made worse by the Trump administration’s move to resume charging loan interest for borrowers under the Saving on a Valuable Education (Save) plan as of 1 August. Under the Biden administration, about 8 million people enrolled in the Save plan – a 2023 income-driven repayment plan for student debt – many of whose loans have been in forbearance since last year.
>Under Donald Trump, the Department of Education has effectively killed the Save plan, recommending people switch to another repayment plan for their federal student loans. Borrowers can still choose to forgo payments, but will see interest accruing on their loans and won’t make any progress toward student loan forgiveness.
>“To me that just looks like you’re digging me deeper into debt, so I felt like I had no other choice but to go ahead and change from the Save plan and start making those payments,” Faith said.
Get fucked peasants!
Oligarch propaganda made poor Trumpanzees hate the only reliable path out of poverty. And now we’re destroying it to their rapturous applause!
So this article quotes two teachers, a lawyer and a hospitality administrator. The teaching sector still needs a whole lot less people wanting to be teachers to drive up the wages and improve working conditions. Not sure why a lawyer is being featured in such an article, they’re fine and they should be smart enough to know what they signed up for. The hospitality administrator that seems like an overly specialized degree being able to roughly earn median wage.