Department of Education resumes collecting student loans, including those in default.
(www.cnn.com)
🏫 STUDENT PANIC 🏦
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This, exactly. Also, people don’t take into consideration that we were robbed. The shade was pulled over our eyes. During my college time which was around 2006/2007 we were basically told we would not find a job if we didn’t go to college. We were basically led through like cattle. If you were white and middle class you were basically screwed, you would not qualify for any sort of financial aid for the outrageous tuition. Our parents were led to believe we would be successful if we attended college and felt they had no choice but to support us as we painfully put ourselves in debt because we were led to believe it was the only choice. I believe student debt should be forgiven. The money collected was not done ethically. Retribution must be given.
Idk about forgiveness but remove the interst from the loans and take the interest that was previously paid and apply it to the principal. I paid mine off it took years and now my daughter is going through the same thing.
Pell grants were purely income based. Knew two girls then, one white low middle class, one Asian high class. The low middle class white girl got as much pell grant as any poor minority I knew, the other girl got nothing but her parents were loaded
Well my family would have been considered more upper middle class. You know, the part of the cast system where you really can’t complain but you’re working hard for the man every single day just to live the comfortable lifestyle. Surely didn’t help us get aid and our parents weren’t able to swing the tuition outright. It’s was a trap. I live in an upper middle class Midwestern area. The rich daddy’s call our dads down here who own their own physical labor business to do their grunt work.
Lol, ain't that the truth! I had absolutely stellar academic credentials, but getting scholarships was just about impossible. Wrong demographics. So my browner and female colleagues were able to get scholarships, but I had to compete with the best of the best to get merit scholarships. I did get a little help, but my parents weren't going to help after undergrad. They'd done their part (fair enough! they sure as hell had!) So I had to do grad school on loans. I paid off the Masters straight up. I'd save enough working beforehand to do that, but the professional program was a back-breaker. You don't get TA- or RA-type work-study offers in professional programs like you do for PhD work. Those help a lot as long as your project is adequately funded with grant money. But professional programs expect you to pay full-ride all based on future earnings. There is no solution other than to mortgage your future.
It's either that or ignore your potential and work a menial job just to avoid the financial risk.
No one tells you that on the back end of these programs you're up against DEI demands and corporations that look at certain people as instant-never hires. Time passes. Interest compounds. Put out applications. Hear literally nothing back in 99% of your applications... This is the world for a lot of these so-called "deadbeats."
Add in a kid, or a surprise medical diagnosis that ruins your life, or a divorce where she takes everything and wipes out your credit... There are a lot of complications here.
Its fake money anyway, idk why forgiving the debt matters,unless its boomie griefmaxxers pissed about us not giving a firm handshake. Its a really gay distraction, but its just me.