Student Debt Has Reached $1.3 Trillion, compared to just $243 billion in 2003 ( medium.com )

givesomefucks , 10 days ago

This is why "most relief ever" isn't enough.

This problem is new and growing exponentially. We can't just always be reactive, we need to be proactive especially in situations with our of control interest.

big_slap , 10 days ago

I feel that our current leaders are not wired to think proactively, and that will be our downfall

givesomefucks , 10 days ago

It's one of those things where Republicans put people like Betsy Davros in charge, then moderates want us to clap for bread crumbs

Like, a big chunk of loan forgiveness so far, is people that qualified for PSLF, but couldn't get it because the loan servicers were in charge of it, and intentionally incompetent.

So now the feds are paying the inflated balances with interest.

We need to talk about principals forgiven, not amounts after 20 years of interest.

Sure, what we're doing now is better than nothing, that doesn't mean it's enough though.

b3an , 9 days ago

I've been saying this too. Even praised Biden for what he has done. There is so much more to do though. Simply removing the debt (still should be done) won't address the deeper issue of colleges and loan providers gouging students every possible way they can. Year after year tuition and book prices go up, value and quality goes down.