Only 60% of student loan borrowers made payments when bills restarted
www.cnbc.com
Just 60% of student loan borrowers with bills due in October had made a payment by mid-November, new data by the U.S. Department of Education shows.
  • KᑌᔕᕼIᗩEnglish
    371·
    10 months ago

    For the most part it should have been free anyway just like our grandparents who perpetuate this nonsense had it.

  • BowtiesAreCool
    150·
    10 months ago

    I’m fortunate to make such little money that my income driven repayment is $0 a month. But that doesn’t stop interest and so many people don’t even have that option

    • 3ntranced
      100·
      10 months ago

      I’m in that boat too, just riding out the hope that the government will collapse before I have to do anything about it.

      I’ve given up hope in this country and have serious consideration just abandoning this identity and starting over in another part of the world.

  • Pickle_Jr
    161·
    10 months ago

    My payment was late because my servicer changed over COVID and when the auto-pay kicked in my bank rejected the withdrawal. Said they were an unrecognized entity or something.

    Had to get my servicer and bank on a 3-way call just to pay my loan. 🤦‍♂️

  • Etterra
    81·
    10 months ago

    Too bad it wasn’t lower. The whole system is crooked and greedy and needs to lose about 10-12 inches off the top.

    • javasuxEnglish
      20·
      10 months ago

      oof ouch my credit score

    • shuzukoEnglish
      10·
      10 months ago

      I wonder if it’s counting the people who have $0 payments as having “paid”, though, which could be driving up the percentage. Because I definitely haven’t given them shit, but I’m considered “current” cause I somehow have $0 payments right now. Not sure why but I ain’t fuckin arguing.

  • pan_troglodytesEnglish
    72·
    10 months ago

    so… wage garnishment when the powers that be figure it out? soon, presumably?

    • LifeInMultipleChoice
      61·
      10 months ago

      That’s what they have always done. I vote they garnish the wages from everyone who had a say against helping those people. Starting with Clarence Thomas. Once he pays 275,000 to student loans of his own dime, maybe we csn start considering it.

  • Behaviorbabe
    50·
    10 months ago

    I owe more with each payment. One more year and I’ll have a salary decent enough to knock them off but it’s still…very depressing.

    • cazsiel
      210·
      10 months ago

      One more year and I’ll have a salary decent enough to knock them off but it’s still

      I’ve been saying this for like 10 years now.

      • ExfilBravo
        80·
        10 months ago

        Sweet I got that raise I was promised! Fuck my health insurance and cost of living went up 2x more than my raise!