a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by Cumol
Cumol  ·  2258 days ago  ·  link  ·    ·  parent  ·  post: 99 percent of applications for public service student loan forgiveness have been denied.

Every time I read an article like that, I think one thing "the US is a fucked up country".

I studied for 6.5 years, got a federal loan called Bafög in which I get paid between 400-700 euros per month, an amount that is dependent on the income of my parents and the price of living in the city I am studying at. When my studies are over, I am give 5 years of time where I do not have to pay anything back, yet. Then I am given options to pay back a maximum of 10k euros. No matter how much I got, 10k is the maximum. In my case I got 15k euros in that time and had to pay back 10k. I opted to back it back all at once (savings and some help from my parents). And now I am debt free.

In parallel, students in the US are fucked. Is there even a way to come out of uni debt free? Or finish paying this back before you die? I read somewhere that if I have 10 dollars in my pocked and am debt free, I am better off than 15% of americans (link).

That is somehow fucked up. It feels like your economy, government and everything in that country is playing against the people instead of helping them out.

What I always wonder is. Why do people think that this is fine the way it is? Who wakes up in the morning and thinks "wow, I love how this country is treating me".





taintnun  ·  2235 days ago  ·  link  ·  
This comment has been deleted.
kleinbl00  ·  2258 days ago  ·  link  ·  

It's possible, although increasingly uncommon, to receive a stipend for grad school. And most American citizens don't pay "rack rate" for college; the published rates of tuition affect primarily foreign students while everyone else gets some form of scholarship.

But I took the GRE, didn't get into USC, didn't rack up $200k of debt in two years and did get a job where the guy making the coffee for $6 an hour had the same degree from the same program that I didn't get into.

And one of our employees did ring up $130k in debt just to get the acceptable schooling for the medical board so she could get a license doing the thing she was already licensed to do in Brazil.

Student loan debt now outweighs all other kinds of debt in the United States. This is due in no small part to the fact that it's completely undisbursable short of death.