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Most Student Loan Borrowers Have Delayed Major Life Events (news.gallup.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 6 months ago* (last edited 6 months ago)

It's disheartening to see how student loan debt can impact major life milestones for so many borrowers. The burden of quick $50 cash advance can often delay important events like buying a home, starting a family, or pursuing further education.

This issue underscores the urgent need for comprehensive solutions to address the student debt crisis. Whether it's through policy changes, increased financial literacy, or innovative repayment options, we must work towards alleviating the heavy burden that student loans place on individuals and families.

In the meantime, it's crucial for borrowers to explore all available resources and options for managing their debt responsibly. Seeking guidance from financial advisors, exploring income-driven repayment plans, and staying informed about potential loan forgiveness programs can all help navigate the challenges posed by student loans.

[–] [email protected] 1 points 7 months ago (2 children)

I know people that are annoyed about student loan forgiveness because “I paid my loans back, it’s not fair!” I point out that having a huge portion of our working age population saddled with a huge amount of debt is a drag on the economy. These people would be buying goods and services rather than having their money siphoned off to a bank each month. A strong economy benefits everyone. Forcing these people to pay for their entire lives only benefits the banks.

[–] [email protected] 2 points 7 months ago

Imagine if older gay men fought against HIV vaccines and treatments because they thought it wasn't fair that all their friends died from AIDS. We should be trying to make life better for everyone, not ensuring people suffer just like us

[–] [email protected] 1 points 7 months ago

I took time off after highschool to work so I could pay for college. During that time, student loans reduced the amount of grants they'd offer to students who have savings.

In my third year after I started college, they introduced tuition cuts for the first two years.

I managed to graduate debt-free because I worked throughout (and before) college. This was before loan-forgiveness.

I left the country for work after graduation, not long after leaving a job that was paying a few dollars above minimum wage. The same year I left, minimum wage got jacked up by a few dollars, which would've made life (and saving) a lot easier if that had been the minimum wage. (My old employer is still offering more than minimum wage based on extra training, and I had a lot.)

My job was messed up due to the pandemic, and I came back to my home country. I wasn't eligible for any covid relief because I wasn't working in my home country during the pandemic.

Still...I want everyone else to have all these things I didn't have. I don't care if it's not fair to me. I can't change what happened in the past. But if I try to change what happens in the future, maybe the next bit of assistance will come my way.

Sometimes life sucks. That doesn't mean I should try to make it suck for everyone else just because something bad happened to me. I'll vote to help people, not to pull them down into my own setbacks.