Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

Tansy_Gold

(18,058 posts)

7. This will push many back into poverty

Reply to BumRushDaShow (Original post)

Tue Nov 26, 2024, 10:54 PM

Nov 26

It's not the loans, it's the continuing and compounded interest. Many borrowers long ago paid off the principal, but the terms are such that they can never pay off all the interest.

I'm one of them. I'm not alone.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

11 replies

= new reply since forum marked as read

Highlight:

Trump team eyes quick rollback of Biden student debt relief [View all] BumRushDaShow Nov 26 OP

Large % of Trumpets don't have student loan debt MuchBetterThanThis Nov 26 #1

The recently graduated lawyers rwnj need Marthe48 Nov 26 #2

This will not go over well. Trump voters Joinfortmill Nov 26 #3

nt Angrybob2001 Nov 26 #5

I feel for the young people that will get no relief from this fat orange bastard.... wolfie001 Nov 26 #4

He is making plenty of economic mistakes IbogaProject Nov 26 #6

This will push many back into poverty Tansy_Gold Nov 26 #7

It's like any loan with compounded interest MichMan Nov 27 #10

Thank you so much for your kind words Tansy_Gold Nov 27 #11

I can already hear the cultists asking, "What about my student debt?" sakabatou Nov 27 #8

Dummies didn't vote union rep Nov 27 #9