- cross-posted to:
- economy
- cross-posted to:
- economy
Summary
Student loan borrowers fear worsened conditions under Donald Trump, who has criticized debt relief and oversaw a 99% rejection rate for Public Service Loan Forgiveness (PSLF) during his first term.
Many borrowers remain in limbo awaiting forgiveness, while others struggle with ballooning debt despite decades of payments.
Borrowers expect Trump to scale back or eliminate relief programs initiated by Joe Biden, which have forgiven $166.5 billion in loans.
Critics highlight flaws in the existing system, calling it a “nightmare” for those seeking relief.
Not the same situation. Now if you want to forfeit your degree when you stop paying for the loan then that could be a worthy trade. What you want is to keep your degree and not pay your loan and that isnt appropriate.
If you have direct university loans you will be unable to retrieve your diploma until they are paid.
Are you suggesting they somehow give up their knowledge and understanding? Or are you saying a degree has nothing to do with capability and is just an incredibly expensive pass that just allows you to apply for specific jobs?
The degree is a pass. You want your loan forgiven then you do not deserve to use the pass.
That’s a pretty fucked up system then. You have to go into a lifetime of debt and spend years of your life just to get a pass which only provides the ability to apply for specific jobs and nothing else. Sounds like a broken system that doesn’t deserve to exist the way it currently does.