Student debt: White House faces backlash for restarting interest on loans

https://thehill.com/homenews/4082398-student-debt-white-house-faces-backlash-for-restarting-interest-on-loans/

Such a mess, and overly politicized.

The biggest issue I have is how the interest rates have made it incredibly difficult for people just beginning their careers to get ahead of the growth curve that a low paying job and high interest debt creates.

How did we even get here? Talking with my Dad and my wife, we've seen such a massive spike in both tuition and interest over the last 20 years.

Debt should be paid, and loans should have interest, but, they should be reasonable. This is a profit machine that preys on the young, uneducated, and inexperienced.

10 points · 2 comments · view on lemmy.world

2 Comments

TragicNotCute@lemmy.world · 5 pts · 3y (1 reply)

Old enough to sign away your future but can’t drink away the pain.

Umbraveil@lemmy.world · 1 pts · 3y

Oooh, that hits hard.