Comment on Millennials are watching monthly student loan payments skyrocket from $500 to $5000 under Trump: This will ‘crash the economy’

El_Azulito@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

• MetaCubed@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  I mean… There’s a full article explaining the cause for the increases, it’s not like there’s no reasoning provided.

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  • Knock_Knock_Lemmy_In@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

    The article says the loan costs have increased and gives lots of examples.

    It doesn’t explain why the increases have happened.

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    • MetaCubed@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      Try again. It’s the 4th paragraph.

      Last month, a federal judge blocked the Biden administration-era SAVE plan, an income-driven student loan replacement program with 8 million borrowers, claiming it lacked the authority to forgive millions of dollars in debt. In response, the Trump administration paused all applications for income-driven repayment plans and online loan consolidation, leaving some borrowers in limbo struggling to make ends meet.

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      • Knock_Knock_Lemmy_In@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

        But that’s new applications. It doesn’t explain why existing loans have increased.

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    • Hiro8811@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      Maybe cause of the 5trilion the US market has lost?

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      • Knock_Knock_Lemmy_In@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

        I don’t see the connection between the stock market falling and student loans being more expensive.

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• LordPassionFruit@lemm.ee ⁨2⁩ ⁨weeks⁩ ago

  My partner was eligible for ~$750 per month repayments under a Biden era plan that Trump scrapped. They now have to pay ~$4300 per month. The headline isn’t far off.

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• shaggyb@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  The fact that it’s bad doesn’t make it impossible.

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  • PresidentCamacho@lemm.ee ⁨2⁩ ⁨weeks⁩ ago

    No, but it sets off “potential bs” alarms. It doesn’t matter whether you agree or disagree with it, headlines tend to misrepresent for clicks, this is just the truth.

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    • shaggyb@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      It makes me uncomfortable when people suffer so I just pretend their suffering isn’t real when it challenges me.

      FTFY

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      • PresidentCamacho@lemm.ee ⁨2⁩ ⁨weeks⁩ ago

        Interesting, see I would have seen it as “I don’t just believe all of the shit I read on the internet because I don’t have my head a mile up my own ass”

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• otarU1921@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  My university costs increased over the years to almost double of what I paid on the first years.

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