First there was the COVID pause, then jumped on the (illegal) SAVE Plan and now this new RAP Plan?
Recalculated my monthly payment and the lowest available is now over $600 a month (that’s just MY recalculation not including my husband’s)! Next month we’re putting our newborn in daycare which is an additional major expense. Gas price is going up, food is going up, we’re paying hospital bills from giving birth, mortgage, car payments, electricity & gas bill, etc.
How is anyone actually LIVING and not just surviving to work and then have all their income go out the door?
I’m truly jaded by how our society has squeezed the average person dry to churn out money for the ultra rich & stupid wars.
I’m tired of the student loan tug & pull. Tired of our government bailing big businesses, giving the ultra rich a tax break, prioritizing spending on war.
byu/VariationSimple9179 inStudentLoans
Posted by VariationSimple9179
7 Comments
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And you know all of this money is going to line his pockets or send bombs overseas. I don’t want to pay for any of this. I agreed to pay back my loan – not to support a fascist regime in an illegal war.
Sure, all of that you listed sucks. But the years with $0 payments and paused interest was your bailout. It saved me thousands. I’m sorry you weren’t able to take advantage of it.
I mean, I’m sick of the rich getting all the bailouts, too, but I never deluded myself into thinking that would ever change. It was foolish to opt into a mortgage and childcare costs when you still have significant debt to pay. The loan payments were always going to come due; thinking otherwise was naïve.
I can afford my $750+/month loan payments now *because* I didn’t buy a house or have a kid under the guise of a generous repayment program. I knew that doing so would bankrupt me when the government decided to screw us normies again.
Stop voting for republicans
Debt is weaponized lending to limit social mobilization along class lines. We needed subsidized education to become an industrial world power and fight the Cold War, but high costs were implemented as a cudgel to the student activism and spread of leftist politics that followed.
That’s why you just pay your loans. I hate this fact, but I can’t handle the emotional rollercoaster so I set a goal to pay my loans off.