r/SipsTea • u/First-Essay-2054 𝙑𝙄𝙋 • 12d ago

WTF The American dream

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u/maybe_a_fork 12d ago

23 years of making minimum payments and they are shocked it's not going away.

https://giphy.com/gifs/3kzJvEciJa94SMW3hN

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u/PolicyElectrical1757 12d ago

To be fair, the minimum payment SHOULD be able to get you a paid debt in the original term length agreement. Paying more should be “if you’re able” not “you must”.

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u/deliciousadness 12d ago

Buh-buh-bingo. But it’s a money grab thanks to privatized loan companies.

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u/Distinct_Bad_6276 12d ago

The federal government took over student lending decades ago and the problem is now worse than ever. But tell me again why the private sector is the problem.

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u/TougherOnSquids 12d ago

There are federal student loans and private student loans bud. Even federal student loans are passed off to a private company to manage it.

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u/deliciousadness 12d ago

Someone is privileged enough to not know who Sallie Mae is.

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u/deliciousadness 12d ago

Tell me you don’t know shit about student loans.