This thread makes me incredibly glad that at the last minute I decided to not go to college. My significant other still has loans out the ass with one hell of a scholarship to a not even considered expensive school. Just insanity since we're about 40. Glad I chose the trades. I know they're not for everyone but thank fuck.
this post was submitted on 21 Aug 2026
228 points (97.5% liked)
Mildly Infuriating
47264 readers
586 users here now
Home to all things "Mildly Infuriating" Not infuriating, not enraging. Mildly Infuriating. All posts should reflect that. Please post actually infuriating posts to !actually_infuriating@lemmy.world
I want my day mildly ruined, not completely ruined. Please remember to refrain from reposting old content. If you post a post from reddit it is good practice to include a link and credit the OP. I'm not about stealing content!
It's just good to get something in this website for casual viewing whilst refreshing original content is added overtime.
Rules:
1. Be Respectful
Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.
Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.
...
2. No Illegal Content
Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.
That means: -No promoting violence/threats against any individuals
-No CSA content or Revenge Porn
-No sharing private/personal information (Doxxing)
...
3. No Spam
Posting the same post, no matter the intent is against the rules.
-If you have posted content, please refrain from re-posting said content within this community.
-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.
-No posting Scams/Advertisements/Phishing Links/IP Grabbers
-No Bots, Bots will be banned from the community.
...
4. No Porn/Explicit
Content
-Do not post explicit content. Lemmy.World is not the instance for NSFW content.
-Do not post Gore or Shock Content.
...
5. No Enciting Harassment,
Brigading, Doxxing or Witch Hunts
-Do not Brigade other Communities
-No calls to action against other communities/users within Lemmy or outside of Lemmy.
-No Witch Hunts against users/communities.
-No content that harasses members within or outside of the community.
...
6. NSFW should be behind NSFW tags.
-Content that is NSFW should be behind NSFW tags.
-Content that might be distressing should be kept behind NSFW tags.
...
7. Content should match the theme of this community.
-Content should be Mildly infuriating. If your post better fits !Actually_Infuriating put it there.
-The Community !actuallyinfuriating has been born so that's where you should post the big stuff.
...
8. Reposting of Reddit content is permitted, but attribution is not required in any way. No links to Reddit in post body
-If you would like to provide a source link, do so in the comments but not in the post body.
...
...
Also check out:
Partnered Communities:
Reach out to LillianVS for inclusion on the sidebar.
All communities included on the sidebar are to be made in compliance with the instance rules.
founded 3 years ago
MODERATORS
I'm assuming you're from the US considering you're being treated like a commodity.
I've said it before and I'll say it again. Student lending is the most preditory lending in this country.
Might be tied with the buy now pay later apps
No, because you can discharge all that in bankruptcy. You can't discharge student loan debt in bankruptcy.
Student loans are a grift. You’re getting grifted.
um. are you paying everything this year such you have extra to put to the loan. because like if you are taking loans and paying it. it would be a wash.
The interest, not the full loan amount.
E.g., a person might be able to pay 4k and not 30k for tuition. And, with that 4k, they want to pay off the 2k in gained interest payments before they start accruing interest on a 32k chunk of money.
So by those numbers, if you will owe another 30k next year, and this time you have 6k to pay it off, you should put your 6k fully towards the 30k of new loan, and nothing towards the 26k you owe in loans. That's why they lock you out from paying the loan, they're forcing you to make the mathematically optimal choice, unless you happen to be on the verge of paying 100% of your tuition each year.
I'll agree that ensuring you borrow the least possible is best (I misunderstood what they were saying in the previous comment).
But I do not believe loan offices were thinking about public service when they made the decision to prevent paying off interest. If they were, they probably wouldn't be accruing interest while you're still in actively enrolled.
I thought the official ones didn’t accrue interest while you were enrolled no?
Generally, the federal ones don't. But there are other types of loans, like the ones in the main post.
Why not just borrow less this year and have a lower principal?
Ah, I see. I misunderstood their position. Yes, you should ask for a smaller principal loan, instead of just paying down the interest of a larger loan.
A smaller principal is always best, but sometimes that is best served by paying down interest.
I'm 46 and I still have student loans.
my neighbor is in her early 50s and is still paying off grad school (an advanced degree, but still, fuck)
My job paid for my grad school degree thankfully, but nothing like those consolidated undergrad student loans following you around for the rest of your life.
noice
I feel like I got through college just under the wire with it being achievable to pay off. Like not long after being in college I started saying I could not do it if I started today.
yup. graduated in 99; had to take on some debt, had to get the army to pay for the lion's share, but if I were looking at the #s (and world situation) today no fucking way would I do either.
that tracks as I graduate 4 years earlier. Also the military was a no go for me. I was well aware its essentially signing up to kill anyone you are told to kill when they choose to tell you to. I get in most cases you can get by without that happening but I was not cool with that. My debt was an auto loan. Granted for like a tricked out luxury suv. But still an auto loan. Somewhere after your point it was becoming a mortgage. I have a brother 5 years older whos loans where like a regular car loan and one 5 years older still who could pay his bill with a really good summer job or at least come out with loans equivalent to letting your credit card spending get a bit out of control. I kinda kick myself for not going to community college for two or three years and reducing my debt by almost half.
It's predatory to allow teens to sign these things without fully explaining them and ensuring they understand.
It's not taught at all in grade school, no one tells them about interest rates, or amortization tables or how to pay extra toward the principal, or that their wages will be garnished if they don't pay, or if they get married, then their spouse's wages might be garnished without warning, and so on.. It's just, "sign here, and we'll give you the money."
No it’s just predatory. As long as students believe college is essential and that is the only way to get it, the loans are predatory. It doesn’t help teens to understand if they don’t have a choice.
As someone who cares about my society, I believe it is essential for all students to have access to post-high school education, and as more than just job training. We need more people who can think better …. It’s in our own best interest to invest in our future: let’s make public universities/trade schools free to all who are interested
It's actually just scummy and predatory period. Student loans shouldn't be a thing. Imagine wanting to devote your life to helping people, becoming a doctor in a country that has a terrible shortage of doctors (And it very much does)But oh no! some crazy shit happens, and you're not able to complete your degree. Guess what? Big government says "fuck you. How dare you have some crazy bullshit happen to you? You're entire financial future is fucked up for your whole life now. Goodbye."
How in the fuck can a better educated people be worse for society? How in the fuck could you ever make the case that it's bad to have more people trained in medicine? Why would you ever punish and disincentivize behavior that's good for society?? How in the ever loving fuck does that make sense??
FUCK THIS COUNTRY
We 100% did learn about amortization in high school math, no idea if it's still taught though
It is. Actually my daughter learned it in middle school (7-8th grades). Not that people have many other choices for college cash.
load more comments
(10 replies)
If you have extra money that you aren't allowed to put against the principal, you could at least put that money into a GIC that matures once you graduate. Depending on the rates involved, you may even come out ahead doing that.
For all my problems, at least I can say I'm not in debt. Student loans always seemed scummy to me. The trade off is I don't receive a piece of paper letting potential employers know i'm worthy. Every thing is a fucking joke and life is meaningless. Fuck everything.
if it helps that piece of paper gets more and more worthless as time goes by. Heck even a masters does not mean much now.
Unless something has changed in the past decade, you can still make payments to your loans, you just defer the requirement to do so until 6 months after graduation.
As someone else here said, if you would pay money to a loan while in college, it'd be better to put into a high yield account of some sort to hold onto until after college. From there I would get advice from a finance counselor on what to do with that money, whether save for longer or start it into payments.
Why arent you allowed tp start paying it off? Ive never heard of a student loan you couldnt at least make interest payments on while in school.
The provider shows a $0 balance because it's "Not available for repayment" which blocks me from making a payment. It's a government loan, which may be why
that sounds like a software bug, not a quality of the loan
Fwiw I’ve been telling my kids to reject the UNsubsidized loans (the ones where interest starts carrying immediately). But that only works because I’ve managed to save the money to pay that share in addition to the normal share
It's early enough in the semester that it may just not be fully processed yet. When I was in school I was able to dump what ever "loan refund" they gave me right into the principle.
I hate they call it a refund, it just means you took out a bigger loan than what the bill actually cost. Calling it a refund makes people think they got free money.
load more comments
(3 replies)
load more comments
(4 replies)
This sounds infuriating, not just mildly infuriating.
view more: next ›