What is this horseshit? Almost $2k in interest this year and it will not even let me throw money against the principal.

  • FlashMobOfOne@lemmy.world
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    23 hours ago

    You’re also not allowed to discharge it in bankruptcy, and once you do start paying it the bulk of your payment will go to interest. Before I paid mine off I was making a $150 payment amonth, and over a hundred of that went only to interest.

    You can thank Joe Biden. He fought hard to make student loans unescapable. (And that’s not a partisan jab. It’s history.)

    • HubertManne@piefed.social
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      2 hours ago

      what are you talking about. They have been non dischargable way before him. He actually did a bunch of moves to relieve and forgive student loans. Its nuts to attack him on this issue. EDITED - ok yeah you are talking as the rep of Delaware the debt holder capital.

    • Hakuso@scribe.disroot.org
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      23 hours ago

      We all should remember that people were honest about Biden before he was anoited as the DNC pick, he was a horrible choice who got stuffed in because of name recognition and general prevalence of low information voters who either tick straight ticket ot check by whoever’s name rings a bell.