Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.
I know so many people that have no issues paying what they borrowed, but at this point, they’ve already paid back the initial amount and still owe more than they initially borrowed and it’s fucking ridiculous.
That’s how my loan is. It’s an absurdly unfair loan. Preditory. And the government is who I got it from. Makes no sense. When I was 18 I thought the government were trustworthy. Maybe not fully but I never thought they would do something like this to their own children.
I would be okay if it were set to a mandatory percentage, like 2%.
It’s federally backed so the risk to lenders is incredibly low. What right do they have to charge some of these new students 9 percent interest on a loan that the government is paying them to give?
Just. Zero. The. Interest.
I know so many people that have no issues paying what they borrowed, but at this point, they’ve already paid back the initial amount and still owe more than they initially borrowed and it’s fucking ridiculous.
That’s how my loan is. It’s an absurdly unfair loan. Preditory. And the government is who I got it from. Makes no sense. When I was 18 I thought the government were trustworthy. Maybe not fully but I never thought they would do something like this to their own children.
I would be okay if it were set to a mandatory percentage, like 2%.
It’s federally backed so the risk to lenders is incredibly low. What right do they have to charge some of these new students 9 percent interest on a loan that the government is paying them to give?