#i’m scared that once it resumes the rates will skyrocket to absurd heights and my debt will end up growing out of control | Explore Tumblr posts and blogs

dragonanon · 2 years ago

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Well the Supreme Court can officially go fuck right off. Because some conservative fossils decided that helping millions of people with student debt was simply too my to ask for, and voted against a plan that literally would’ve completely eliminated all my student debt. Now unless I want to run the risk of interest ballooning my debt, I need to pay it off in full which will wipe out literally HALF of my current savings. And I’m one of the luckier ones! My debt is just a little over 5k, I can’t even imagine how devastating this must be for people who have 20k or more in debt who were likely DEPENDING on this getting passed so they could have at least some semblance of a chance at becoming financially stable and debt free. I’ve said it multiple times over the last year, but FUCK the Supreme Court and everyone who pitched a fit about this bill.

#i am big mad right now #dragon’s fucking pissed #it won’t necessarily be the end of the world for me #but it’ll take a LONG ass time to rebuild my savings from this hit #i technically don’t HAVE to pay it off in full right away #but i’ve heard so many horror stories about interest rates and with loans being on pause for so long #i’m scared that once it resumes the rates will skyrocket to absurd heights and my debt will end up growing out of control #i’d rather get rid of it completely before it even has a chance to happen #and i’m so lucky to be in a position where while not ideal it’s still a feasible option for me #so many other people don’t have this option and are about to get fucked HARD #my heart breaks for everyone who is going to be financially screwed by this

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