Student loan rip off

[PerfectYear321]

I didn't know that your student loan interest rate increases the more you earn. What a racket!
It's insane to me that they can keep changing the terms and conditions years after you signed the agreement

You’ve just posted the rates! How are they changing after the fact? Plan 2 has always had variable interest rates dependent on salary.

I had no idea about that! I knew it could go up or down but not that it was salary dependent.

It’s ridiculous. It’s so they keep you in the trap
of constantly paying until you retire.

if you want to lift people out of poverty and help families - stop charging so much on student loans !!