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Justice Brandeis

(7 posts)

4. Income-based repayment is a trap

Reply to IrishBubbaLiberal (Original post)

Sat Apr 26, 2025, 12:10 PM

Saturday

Yes you can make small payments, consistent with your income that keep you in good standing with the lender, but your balance keeps on growing because you're not paying off enough principal. The growing interest balance swallows your payments and adds some more. And on it goes.

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Highlight:

This is why the student loan bubble is about to burst. I feel bad for this woman--but she freaking nails it. 🔥 [View all] IrishBubbaLiberal Saturday OP

100% 🤬 FirstLight Saturday #1

Exploitation Nation DSandra Saturday #2

And this is the level of passion that Americans should be expressing over our exploitative society DSandra Saturday #3

Income-based repayment is a trap Justice Brandeis Saturday #4

Some of us have no choice. nt valleyrogue Saturday #5

What you are missing is that after 20 years or so of paying on time, all the balance is erased. Silent Type Saturday #6

I must be missing something. Igel Saturday #10

The 30 year mortgage is a con on itself as well DSandra Saturday #8

Kick dalton99a Saturday #7

Lump discharges his debts in umpteen bankruptcies but these loans aren't dischargeable for student borrowers Ponietz Saturday #9

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 MichMan 23 hrs ago #12

Noted without further comment Ponietz 13 hrs ago #13

A national "payment strike" will put pressure on the banks to put pressure on Anal Fistula. 3Hotdogs Saturday #11

Only Government issued loans were paused, not private MichMan 12 hrs ago #14