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this post was submitted on 11 Aug 2025
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I was talking with someone recently who said he roughly earns about $4k/m and pays $2k/m for his studio and up until now had paid like $200/m on his loans.
But the change in the payment structure due to Trump's BBB makes it so now he will have to pay $2k/m for his loan along with $2k/m for his studio from his $4k income.
I'm so goddamned glad and lucky that I was able to pay off my loans during the pandemic. I actually got a job that paid more than I'd ever made just before the pandemic hit and since we weren't going anywhere or doing anything for a few years after that I had more money than I knew what to do with. And when they stopped interest on the student loans I just poured all my money into paying them off. I went from $130k to $0 in 5 years where previously I'd spent almost 8 years paying the minimum and taking deferrals and whatever before that and the loans went up from $70k to $130k.
Fuck the whole goddamned system. I didn't even get a degree. That alone should absolve you of the requirement to pay back the loans because in most cases you won't get a job to be able to afford to pay them off anyway.
JFC shit like this tells me they make student loans as unrepayable as possible to just leech people dry. And I bet your principal was like ~$50k initially.
The mafia can't even hit people that hard.
My principal was 70k when I had to start paying them. I hit the max limit before my final semester so I thought I would just stop and try to pay it down some until I could go back and finish. Silly me.