You’re assuming everyone with college loans has a degree which is not always true. Plenty of people take out loans intending to get a degree and don’t make it all the way. Those loans don’t just go away. Now they are paying towards a loan while having none of the benefits from having a degree.
It’s pretty easy to understand why many people with student loans might be making less than ~$30k a year if you think about it a little bit.
Anyone signing up for the new SAVE income driven repayment plan?
Apparently if you’re making anything under $32,800, your payments can still be paused. (The number is higher if you have kids to feed)
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You’re assuming everyone with college loans has a degree which is not always true. Plenty of people take out loans intending to get a degree and don’t make it all the way. Those loans don’t just go away. Now they are paying towards a loan while having none of the benefits from having a degree.
It’s pretty easy to understand why many people with student loans might be making less than ~$30k a year if you think about it a little bit.
Only the ones with philosophy degrees