this post was submitted on 15 May 2024
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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Now how much is the interest on those loans for the next few years? How much of the money paid goes toward interest instead of the principle?
I took out one of my most egregious private student loans in the early 2000s for about $30,000. The interest rate is variable, so it goes up regularly. I’ve been paying the minimum (now $475, my largest bill after rent) on time every month since I graduated, and my balance is currently about $32,000. Oh and that’s just one of my many student loans.
There is literally no way out, I’m completely trapped.
Fortunately most of my other loans are federal, so they’re slightly less shitty, though not by much. At least those will eventually be forgiven once I’m too old to care.
I cut my loans in half during the 0% interest rates. It would be awesome if it stayed that way