What is going on with student loans?

[Anonymous]

Anonymous wrote:Thank you everyone. My remaining 83k in loans was forgiven this week. This will help with my family trip this year to Paris and the Loire, and our family ski passes for next year. Truly great policy to forgive loans!

Who forgave $83k in student loans?!?

[Anonymous]

It's no wonder we have issues with student loans. Tuition is out of control.

Penn State UP in state tuition

1977: $900 per year
1985: $2,400 per year
2023: $19,286 per year

[Anonymous]

Anonymous wrote:

Anonymous wrote:Thank you everyone. My remaining 83k in loans was forgiven this week. This will help with my family trip this year to Paris and the Loire, and our family ski passes for next year. Truly great policy to forgive loans!

Who forgave $83k in student loans?!?

Feds are forgiving for public service, teacher forgiveness, etc. No limits.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thank you everyone. My remaining 83k in loans was forgiven this week. This will help with my family trip this year to Paris and the Loire, and our family ski passes for next year. Truly great policy to forgive loans!

Who forgave $83k in student loans?!?

Feds are forgiving for public service, teacher forgiveness, etc. No limits.

Good. Those professions are low-paid and people wouldn’t do them without PSLF.

[Anonymous]

Anonymous wrote:It's no wonder we have issues with student loans. Tuition is out of control.

Penn State UP in state tuition

1977: $900 per year
1985: $2,400 per year
2023: $19,286 per year

They also give zero need-based FA even to instate students

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thank you everyone. My remaining 83k in loans was forgiven this week. This will help with my family trip this year to Paris and the Loire, and our family ski passes for next year. Truly great policy to forgive loans!

Who forgave $83k in student loans?!?

Feds are forgiving for public service, teacher forgiveness, etc. No limits.

Good. Those professions are low-paid and people wouldn’t do them without PSLF.

Haha. Such bad information. They aren’t low paid. I make almost 200k a year and I work for a non profit. People with high loan balances generally aren’t low paid. Much of the big forgiveness under PSLF is going to doctors and lawyers.

[Anonymous]

Anonymous wrote:It's no wonder we have issues with student loans. Tuition is out of control.

Penn State UP in state tuition

1977: $900 per year
1985: $2,400 per year
2023: $19,286 per year

The student loans at issue here are Stafford loans and they cap out far lower than 19k a year

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thank you everyone. My remaining 83k in loans was forgiven this week. This will help with my family trip this year to Paris and the Loire, and our family ski passes for next year. Truly great policy to forgive loans!

Who forgave $83k in student loans?!?

Feds are forgiving for public service, teacher forgiveness, etc. No limits.

Good. Those professions are low-paid and people wouldn’t do them without PSLF.

Haha. Such bad information. They aren’t low paid. I make almost 200k a year and I work for a non profit. People with high loan balances generally aren’t low paid. Much of the big forgiveness under PSLF is going to doctors and lawyers.

Public defenders make crap. Doctors are paid under for-profit “physician groups.”

Most teachers, principals, social workers or feds don’t make $200k

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thank you everyone. My remaining 83k in loans was forgiven this week. This will help with my family trip this year to Paris and the Loire, and our family ski passes for next year. Truly great policy to forgive loans!

Who forgave $83k in student loans?!?

Feds are forgiving for public service, teacher forgiveness, etc. No limits.

Good. Those professions are low-paid and people wouldn’t do them without PSLF.

Haha. Such bad information. They aren’t low paid. I make almost 200k a year and I work for a non profit. People with high loan balances generally aren’t low paid. Much of the big forgiveness under PSLF is going to doctors and lawyers.

Public defenders make crap. Doctors are paid under for-profit “physician groups.”

Most teachers, principals, social workers or feds don’t make $200k

Many many doctors work for non-profits.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thank you everyone. My remaining 83k in loans was forgiven this week. This will help with my family trip this year to Paris and the Loire, and our family ski passes for next year. Truly great policy to forgive loans!

Who forgave $83k in student loans?!?

Feds are forgiving for public service, teacher forgiveness, etc. No limits.

Good. Those professions are low-paid and people wouldn’t do them without PSLF.

Haha. Such bad information. They aren’t low paid. I make almost 200k a year and I work for a non profit. People with high loan balances generally aren’t low paid. Much of the big forgiveness under PSLF is going to doctors and lawyers.

Public defenders make crap. Doctors are paid under for-profit “physician groups.”

Most teachers, principals, social workers or feds don’t make $200k

Many many doctors work for non-profits.

They are not paid directly through hospitals.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thank you everyone. My remaining 83k in loans was forgiven this week. This will help with my family trip this year to Paris and the Loire, and our family ski passes for next year. Truly great policy to forgive loans!

Who forgave $83k in student loans?!?

Feds are forgiving for public service, teacher forgiveness, etc. No limits.

Good. Those professions are low-paid and people wouldn’t do them without PSLF.

Haha. Such bad information. They aren’t low paid. I make almost 200k a year and I work for a non profit. People with high loan balances generally aren’t low paid. Much of the big forgiveness under PSLF is going to doctors and lawyers.

Public defenders make crap. Doctors are paid under for-profit “physician groups.”

Most teachers, principals, social workers or feds don’t make $200k

Many many doctors work for non-profits.

They are not paid directly through hospitals.

Many still are. Go join the PSLF Facebook groups to read about doctors getting their balances forgiven. Some doctors have changed jobs in order to remain employed by a non-profit hospital, instead of getting absorbed into a for-profit physicians group. If you're 8 years into PSLF and have a $400K loan balance, it totally makes sense to finish it out instead of joining a for-profit physicians' group that may only net you $50K more in comp over the next year or two.

Many of the Catholic hospital doctors are paid directly by the non-profit entity. Kaiser Permanente is non-profit, with some doctors employed directly and other doctors part of various for-profit physicians' groups. Doctors and nurses need to pay very close attention to which entity pays if they are going down the path of PSLF. Some medical practitioners have had the entity changed (from non-profit to for-profit) and they were not notified by the hospital, only finding out a year or two down the road that don't have PSLF-qualifying payments.

It's actually become a huge consideration for doctors when they bid for residencies and decide where to practice. Given that most doctors don't pay down their loans during residency, you can leave residency with already 4 years of PSLF knocked out. Maybe even 6-7 years toward PSLF credit after a specialist program is completed. You then need to decide whether you stick it out for 3-6 more years and pay the bare minimum, or if you jump ship and hope you make enough to cover the loans + starting life as an adult (house, school, kids, retirement, etc). For someone in internal medicine or family practice, doing PSLF will make sense most of the time.

[Anonymous]

College tuition and avg student loan debt are the highest in blue states such as IL, RI, MA, CT, NJ, PA, NH and ME.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Thank you everyone. My remaining 83k in loans was forgiven this week. This will help with my family trip this year to Paris and the Loire, and our family ski passes for next year. Truly great policy to forgive loans!

Who forgave $83k in student loans?!?

Feds are forgiving for public service, teacher forgiveness, etc. No limits.

Good. Those professions are low-paid and people wouldn’t do them without PSLF.

Haha. Such bad information. They aren’t low paid. I make almost 200k a year and I work for a non profit. People with high loan balances generally aren’t low paid. Much of the big forgiveness under PSLF is going to doctors and lawyers.

Public defenders make crap. Doctors are paid under for-profit “physician groups.”

Most teachers, principals, social workers or feds don’t make $200k

Many many doctors work for non-profits.

They are not paid directly through hospitals.

You don't know what you're talking about. https://www.whitecoatinvestor.com/public-service-loan-forgiveness/

[Anonymous]

Democrats will never hold the (majority-Democrat) college lobby accountable for any reform that would lead to lower SL debt.

[Anonymous]

So... we shouldn't bail poor students out, but we SHOULD bail out banks for venture capital...

Got it.