this post was submitted on 04 Sep 2024
26 points (84.2% liked)
Asklemmy
43947 readers
863 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Quick question: How does it reach this figure?
It was the CitiAssist.
It had to be a private student loan because my parents made slightly over the max to qualify to public loans even though they refused to pay for school. That left me with loans with insane interest rates. Most of what I had to borrow was to cover $150k to pay rent in the college town I lived in while attending school.
Then, Joe Biden wrote the bankruptcy protection bill, making it impossible for students to disburse their student loans in bankruptcy two years after I graduated. They also refused to allow me to consolidate 8 loans which all had monthly payments that were each intentionally calculated as if it was the only loan I had to pay. Then my loans got bought and moved around and are now owned by Trellis. There’s a lot more to it as well. Housing and healthcare plays a HUGE part.
TLDR; hyper-commodification of basic human needs like education, housing, healthcare, and food coupled with legislation that sentences those that can’t pay their feudal lord up front to a lifetime of serfdom. (Not to mention my union wages barely keeping pace with inflation).