3 ms·
Wait, so why are there many complaints about student debt loop? A capped ISA (like what Lambda offers) would be livable and capped. Why does everyone not get
by ergocoder 7y ago
Wait, so why are there many complaints about student debt loop?
A capped ISA (like what Lambda offers) would be livable and capped.
Why does everyone not get onto this program?
- dnautics 7y agoMostly optics, I'd say, because it's more obviously fractional slavery than how nondischargeable debt is.
- alexhutcheson 7y agoThere are significant differences: - With the Lambda ISA, your remaining balance is forgiven after 2 years of payments, while the federal income-driven repayment plans require 20-25 years of payments. - Lambda ISA has a fixed dollar "cap" (currently $30k), but the "cap" for income-driven repayment plans is however much you borrowed + interest that accrues over the life of the loan. - Most importantly, the Lambda ISA is for a much smaller amount of money. Very few of the news articles about student debt profile students with a balance of only $30k. The horror stories tend to be students who borrowed >$100k, often for graduate study.