Absolutely not. There is no chance that the US government would actively do something to harm investors, and student loans are so heavily financialised that they’re a core financial asset.
You asked this same question a week ago on on freechat. The answer then was a resounding no. The answers is still no. Student loans are repackaged as assets and sold off to Wall Street oligarchs to use as collateral in their ponzi schemes. After the 2008 crash they needed something to replace the mortgages that caused that crash when the housing bubble collapsed. So they made it so you could never get out of student loans, even through bankruptcy, because If people could, it would cause another crash. Forgiving the loans would have an even bigger impact that that. Because not everyone would file a bankruptcy but everyone WOULD accept loan forgiveness. It hurts to hear but it’s the truth. We live under the most evil empire in human history after all.
It is safer to just hold on and hope for a full on collapse of the US then hope that student loans will go away.
Even if we did, it’s not going to mean a damn thing if they don’t go after predatory lenders, which they won’t.
At least we would have to pay a little less which is a small win 🤷🏽♂️
Lol no, they’re a lever to tip the labor market in favor of the employer
Probably not. I got a notice that it’s possible to apply for a program to make lower monthly payments. Not sure how helpful that would be.
If its the SAVE program, it looks better than REPAYE. Lower payments, and from what I can see, they don’t let interest pile up beyond the amount of your payment, which is a big deal. Of course, that still means you can make payments for 20-25 years and not even touch the principal and eat the IRS bill when it is forgiven. But it’s better than eating the significantly larger bill with 20-25 years of interest.
Truly fucked how student loans and education works in the US. Just idiocy and cruelty. The schools should be nationalized and tuition made free. Fuck private education and fuck the government for incentivizing the mess they’ve made.
God I fucking hope so but I don’t have much hope
