this post was submitted on 23 Aug 2023
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the_dunk_tank

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It's the dunk tank.

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[–] [email protected] 54 points 1 year ago* (last edited 1 year ago) (3 children)

The example on the Save website shows that if your payment doesn't cover the interest, they'll forgive the rest of the interest while your principal balance goes untouched. It's so gross to see a payment do nothing to your outstanding balance.

They really did miss the indentured servitude days of the colonial era and had to recreate it at home. Go to school and have your wage skimmed for 20-25 years.

[–] [email protected] 29 points 1 year ago (1 children)

Yep. My current payments would be $47 which is like half my monthly interest accrued. I'm gonna call them and see if that can be $0 instead since it's literally doing nothing one way or the other. Fat chance they will go for it...

[–] [email protected] 33 points 1 year ago (4 children)

So my sicko-wistful is to get the monthlies as low as humanly possible and hopefully get PSLF in 8 years or so. I tried to call my servicer and after waiting on hold for 30 minutes they just dumped my call.

I'm going to try again next week. Planning to record all my calls in case a PSLF application gets denied in the future.

I hate this fucking homework society. I should bill the government for the time I'm spending to figure this shit out/wait on hold.

[–] [email protected] 27 points 1 year ago

The homework society thing is something I hadn't even really thought of until the AI Trueanon ep. Going through how automation and other tech more often offloads work to the consumer / user instead of just doing it was a great point.

[–] [email protected] 13 points 1 year ago

Number one determiner for if your PSLF gets approved is whether or not there's a Republican in the White House. I know I sound like a vote r, but DeVos denied like 99% of them.

[–] [email protected] 13 points 1 year ago

I'm currently considering running for local office of some sort and if that ever transpires, I might look into PSLF. But like, god damn it, just make school affordable. The price tag is such an arbitrarily high number that doesn't even make sense. I've heard every argument ranging from crab mantality to "got mine fuck you" and it just reinforces my opinion that people are shit all the way down. Like cool, you could pay off your debt when it was substantially more affordable, you could find a job, and that job paid well compared to current inflation. Good on you bucko...

[–] [email protected] 27 points 1 year ago

Truly incredible. They've made it so you get slightly less fucked by the unaffordable loans they made unbankruptable. This is the kind of world-changing shakeups that only liberalism can provide.

[–] [email protected] 10 points 1 year ago

yes much better would be if the payments went to the principle