Student loans are predatory and they are a scam This American took out student loans. Under her current payment plan, she’ll pay $69,087 over the next 10 years After 10 years her balance will have skyrocketed to $515,646, roughly 4x her original loan amount due to interest Luckily for her if she makes all these payments all that interest will be forgiven, this is because she’s on one of the older plans that are eligible for forgiveness Just imagine making $500 payments for 10 years, paying off your balance and then having your remaining balance still be 4x your original loan amount Just think about how insane this is

Student loans are a debt trap that most Americans can never repay This woman took out $120,000 of student loans. The student loans debt started accruing interest immediately By the time she finished school 4 years later she had already accrued $50,000 in interest “So when I started my repayment, I had $170,000 of private student loans due — that's something I didn't know, and I think you should know too if you're thinking about taking out private student loans, because they're predatory as f*ck” People don’t understand that at just 10-12% APR which is common for private loans, on $120k over 4 years you will accrue about $40k–$60k+ in interest before any payments Federal student loans will typically give you a grace perished but private loans typically won’t A lot of people will just make minimum payments and by doing this your balance really never moves. They’re a debt trap

American has been paying $94 per month for her student loans She just had to do her income-driven recertification Her new required payment increased from $94 per month to $934 a month “I'm not paying them, like what the f*ck” Student loans are a scam and textbook predatory lending This situation is very common right now in 2026 to see 10x jumps in payments. Thousands of borrowers are experiencing during IDR recertification Recertification was delayed for years
Due to COVID pauses, legal battles over the SAVE plan that was blocked in courts and later terminated and processing backlogs at the Department of Education Many people hadn’t had their income officially re-evaluated since 2020–2022. The system finally began forcing recertifications in 2026 It pulled your most recent higher income for everyone who has to re-certify. Even if your income only rose modestly since 2017-2020, that multi-year gap makes the new payment jump feel massive Student loans are a scam, because of interest it takes people a lifetime to pay them back

American logs into her federal student aid account so we can see her actual loans and payments - She took out a $49,548.74 loan - She’s made 120 payments, paying $25,558.36 - Her current balance is $50,121.33 So after paying $25,558.36, she now owes more than she took out “It's all such a scam”

Student loans are a trap “My original school loans for my bachelor's degree were $45,045. After six years of making payments, they are now $46,629. Don't go to college, it’s a scam” You’ll never convince me the interest rates changed in America should be legal

Americans who are defaulted on their student loans will begin having their paychecks garnished starting next month Up to 15% of an employee's pay can be taken out and withheld for defaulted student loan payments “Starting the week of January 7th 2026, borrowers in default will get a notice of their status. They'll be given 30 days before payment is withheld” “Right now, about 5 million borrowers are in default and millions more are expected to miss payments.”