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Should I start paying my student loans again? (lemm.ee)

submitted 3 weeks ago* (last edited 3 weeks ago) by JeSuisUnHombre@lemm.ee to c/asklemmy@lemmy.ml

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I, like many and hopefully some of y'all, stopped paying my student loans during Covid and never restarted paying because we're supposed to have gotten relief from this debt that should've never existed in the first place. Now we have Trump coming back which kills the possibility of debt relief. So should I start repaying so I don't get my wages garnished? Or do we think the government is going to be too inefficient to come after it?

Edit: At one point when I heard that it was the only way to get forgiveness, I moved all my debt from a third party to being a government loan. Does that change anything?

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[–] redbr64@lemmy.world 1 points 2 weeks ago* (last edited 2 weeks ago)

What fucking bailout are you talking about? I signed up for IDRF, a 10 year program that I knew about from the get go, as did the government, and I am paying the entirety of it, at year 9 as of now. I know how it worked. But they also changed several terms since, as I said. When did at any point did I say I am not paying? I am saying they have a shitty service outsourced service provider and keep changing the rules back and forth. I expect better than that, as I am keeping exactly to the terms of my deal...

Are we talking about the same thing here?

Edit: to put in the terms you mentioned, if I got a 30 year mortgage - I would you expect that I would be paying to the same bank, on the same terms, for the duration of the loan - and that the bank wouldn't keep losing your shit or taking months to process each piece of paperwork you submit

It seems you're really just parroting some political view, I am not expecting some magical bailout for getting in over my head. The government asked me to apply my degree to non-profit work for less pay than I would get in industry, for a price - since I guess the free market is not exactly throwing around PhDs to go teach when they can make better money. They would compensate me for filling an underserved need by reducing the overall term of the loan if I kept up with my end of the bargain. AKA they were paying me to go work where they needed it, instead of where I could make up that same money on my own. See there, a clear business transaction between us: they offered to pay me to fix something they decided was a policy priority - how is any of this transaction a bailout, when we both entered into with knowledge of its terms almost 10 years ago?

Now, them being really bad at managing that, and outsourcing it to some poorly run outfit, that's them not keeping their end of the bargain.

The world is not black and white my friend, think before you spew hate at strangers. What you're proposing is akin to the government hiring a contractor and stiffing them. This program is intended to get people with good educations into needed public service positions. You obviously don't care about teachers/education, but I sense you would be up in arms if I said that instead I got a degree in criminology to be a cop, and then took a deal from the government to go work where officers were needed, and the government didn't pony up on their end of the bargain.