Dread into relief
A bit more about my student loan discharge, and why I am angry I made it
Student loans are predatory. Perhaps not all of them, but most of them. Note the dollar amount in the screenshot above. Twenty loans, with an amount under 100K but the Department of Education claims I was awarded $342,669 in loans. These numbers do not begin to encapsulate the reality of being an economically disadvantaged student trying to improve their future.
The cost of college has steadily increased over the last 30 years. In that timeframe, tuition costs at public four-year colleges grew from $4,160 to $10,740 and from $19,360 to $38,070 at private nonprofit institutions (adjusted for inflation). As costs have risen, so has the need for student loans and other forms of financial aid.1
It begs the question: why has the cost of a higher education grown faster than the national inflation average? How can the cost of the degrees often required to live at any level where one can save anything for retirement rise at double the rate2 of all other inflation?
There are so many ridiculous ques…
