• Anticorp
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    1 year ago

    Never pay them! Stay enrolled in school until the day you die.

  • redtea@lemmygrad.ml
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    1 year ago

    Make sure you don’t get stung by penalties or any interest that you can easily avoid. Other than that, the money is better in your account than theirs, I think. You might even earn some interest on it – be careful not to lock your money in a long-term savings account with withdrawal penalties, though.

  • PeeOnYou [he/him]@lemmygrad.ml
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    1 year ago

    they start the interest charging before the payment is due, don’t forget that… they’re right back to stealing without people realizing what they’re doing.

    ohhh the payment isn’t due until the end of September so don’t worry! (they begin interest calculation the first minute of September)

          • 🏳️‍⚧️ 新星 [she/they]@lemmygrad.ml
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            1 year ago

            Not the person you replied to, but US university costs are outrageous. To give a slightly extreme example, the tuition & fees for Southern Methodist University in Dallas was ~$61,980 for the 2022-23 school year, not including housing/dining costs or financial aid.

          • ghostOfRoux();@lemmygrad.ml
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            1 year ago

            My major is computer info systems. And I am not sure how it got so high. I’m gonna talk to my loan people because I think it was supposed to have been froze at one point to not aceue interest and it never was. I went to a one year school thing and then a year later went to an actual college and I was told that it would not collect interest while I was at college.

          • Addfwyn@lemmygrad.ml
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            1 year ago

            My uni was super expensive when I went there, and I think tuition has since doubled.

            I just checked, and tuition for my alma mater in the US is now $83,000/yr for a resident student. For comparison, my tuition for my grad school here in Japan was $15,000/yr and that was one of the more expensive private univerisities here.

    • albigu@lemmygrad.ml
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      1 year ago

      That’s incredibly terrifying. Dumb questions, but what happens in the US if you don’t pay them? Or emigrate away? That’s the price of a large home in some places out there.

      • ghostOfRoux();@lemmygrad.ml
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        1 year ago

        Student loans in the states are some of the more predatory loans. I’ve heard that if you don’t pay them. If you don’t make a payment in 90 days it goes into delinquent status. After 270, it’s in default status. This means it goes to a collection agency. So your credit score goes to shit, you get harassed by mail and phone calls for 10 years, and eventually the gov can get involved and garnish your wages it take your tax refund(which is funny because I always owe every year anyway because tax returns are essentially made up bullshit now)

        In some cases. You can be paying your max affordable amount but the interest is so hgh that the amount you end up needing to repay is still increasing.

        Best case scenario for me is hopefully with 2 kids and (think) still on a payment plan based on income, I won’t owe that much each month. I got out on a special plan that as long as I pay something, my loans will be forgiven after 30 years.

        • Cyber Ghost@lemmygrad.mlOP
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          1 year ago

          Knowing our lovely country and our lovely politicians, the forgiveness after 30 years policy will be taken away along with social security, Medicare and Medicaid. All to help corporations pocket the money like God intended. That is the American way, the land of the free 🇺🇸🦅🫡

        • albigu@lemmygrad.ml
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          1 year ago

          That’s genuinely awful, hope your plan works out. I’ve also stumbled into some dystopian websites that literally list people’s addresses and contact information they can crawl through public legal documents (including basic stuff like renting contract breaches) on basis of “public unofficial background check”, so be careful out there.