What is going on with student loans?

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is sad. Fat cats stole PPP, while prole Generation Y and Z delay and often never reach milestones their parents and grandparents easily achieved.

Homes, degrees and weddings: Younger generations delay costly life milestones

https://www.mlive.com/public-interest/2023/04/homes-degrees-and-weddings-younger-generations-delay-costly-life-milestones.html

Yeah. It's sad that this age group is so heavily impacted by inflation. Yet, Biden still keeps spending.............

Not really... this generation will continue to vote for him.

[Anonymous]

Anonymous wrote:https://www.washingtonpost.com/lifestyle/magazine/13-kids-13-college-educations-not-rich-retiring-early/2016/08/08/3abe7cec-38b4-11e6-a254-2b336e293a3c_story.html

Cool (old) profile on a Bowie family. It can be done!

Disingenuous. Seriously it keeps me off they received free cars free furniture and because they have so many children their kids qualify for need-based aid. They have their own business for however many years and wee able to write off expenses.

Family gives them clothes gifts and money towards college. The church and youth group did a majority of their demolition. They bought a house in Bowie for 150k. I live in Bowie and the houses that they're talking about are now close to 500k.

Yes they made good decisions but nothing is in a vacuum and I'm tired of people acting as if if you just save your money you'll be fine. I have an old car it's paid off I didn't get gifted a car. We don't have family giving us money randomly. Or dropping off bikes or clothes or shoes.

They pay no taxes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.washingtonpost.com/lifestyle/magazine/13-kids-13-college-educations-not-rich-retiring-early/2016/08/08/3abe7cec-38b4-11e6-a254-2b336e293a3c_story.html

Cool (old) profile on a Bowie family. It can be done!

Disingenuous. Seriously it keeps me off they received free cars free furniture and because they have so many children their kids qualify for need-based aid. They have their own business for however many years and wee able to write off expenses.

Family gives them clothes gifts and money towards college. The church and youth group did a majority of their demolition. They bought a house in Bowie for 150k. I live in Bowie and the houses that they're talking about are now close to 500k.

Yes they made good decisions but nothing is in a vacuum and I'm tired of people acting as if if you just save your money you'll be fine. I have an old car it's paid off I didn't get gifted a car. We don't have family giving us money randomly. Or dropping off bikes or clothes or shoes.

They pay no taxes.

They’re producing future educated workers & should be rewarded for that via tax incentives, and are. You could’ve had a lot of kids or started a business if doing those things is so fun & easy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.washingtonpost.com/lifestyle/magazine/13-kids-13-college-educations-not-rich-retiring-early/2016/08/08/3abe7cec-38b4-11e6-a254-2b336e293a3c_story.html

Cool (old) profile on a Bowie family. It can be done!

Disingenuous. Seriously it keeps me off they received free cars free furniture and because they have so many children their kids qualify for need-based aid. They have their own business for however many years and wee able to write off expenses.

Family gives them clothes gifts and money towards college. The church and youth group did a majority of their demolition. They bought a house in Bowie for 150k. I live in Bowie and the houses that they're talking about are now close to 500k.

Yes they made good decisions but nothing is in a vacuum and I'm tired of people acting as if if you just save your money you'll be fine. I have an old car it's paid off I didn't get gifted a car. We don't have family giving us money randomly. Or dropping off bikes or clothes or shoes.

They pay no taxes.

All of their kids went to community college, majored in practical fields & commuted to state schools. DCUMers are too status-obsessed to do that!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.washingtonpost.com/lifestyle/magazine/13-kids-13-college-educations-not-rich-retiring-early/2016/08/08/3abe7cec-38b4-11e6-a254-2b336e293a3c_story.html

Cool (old) profile on a Bowie family. It can be done!

Disingenuous. Seriously it keeps me off they received free cars free furniture and because they have so many children their kids qualify for need-based aid. They have their own business for however many years and wee able to write off expenses.

Family gives them clothes gifts and money towards college. The church and youth group did a majority of their demolition. They bought a house in Bowie for 150k. I live in Bowie and the houses that they're talking about are now close to 500k.

Yes they made good decisions but nothing is in a vacuum and I'm tired of people acting as if if you just save your money you'll be fine. I have an old car it's paid off I didn't get gifted a car. We don't have family giving us money randomly. Or dropping off bikes or clothes or shoes.

They pay no taxes.

All of their kids went to community college, majored in practical fields & commuted to state schools. DCUMers are too status-obsessed to do that!

Untrue. Some of us did that ourselves.

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.washingtonpost.com/lifestyle/magazine/13-kids-13-college-educations-not-rich-retiring-early/2016/08/08/3abe7cec-38b4-11e6-a254-2b336e293a3c_story.html

Cool (old) profile on a Bowie family. It can be done!

Disingenuous. Seriously it keeps me off they received free cars free furniture and because they have so many children their kids qualify for need-based aid. They have their own business for however many years and wee able to write off expenses.

Family gives them clothes gifts and money towards college. The church and youth group did a majority of their demolition. They bought a house in Bowie for 150k. I live in Bowie and the houses that they're talking about are now close to 500k.

Yes they made good decisions but nothing is in a vacuum and I'm tired of people acting as if if you just save your money you'll be fine. I have an old car it's paid off I didn't get gifted a car. We don't have family giving us money randomly. Or dropping off bikes or clothes or shoes.

They pay no taxes.

I am an immigrant and I received my graduated degree in US for free. Now two of my children are getting free education in the top US schools. There are plenty of free colleges around US.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.washingtonpost.com/lifestyle/magazine/13-kids-13-college-educations-not-rich-retiring-early/2016/08/08/3abe7cec-38b4-11e6-a254-2b336e293a3c_story.html

Cool (old) profile on a Bowie family. It can be done!

Disingenuous. Seriously it keeps me off they received free cars free furniture and because they have so many children their kids qualify for need-based aid. They have their own business for however many years and wee able to write off expenses.

Family gives them clothes gifts and money towards college. The church and youth group did a majority of their demolition. They bought a house in Bowie for 150k. I live in Bowie and the houses that they're talking about are now close to 500k.

Yes they made good decisions but nothing is in a vacuum and I'm tired of people acting as if if you just save your money you'll be fine. I have an old car it's paid off I didn't get gifted a car. We don't have family giving us money randomly. Or dropping off bikes or clothes or shoes.

They pay no taxes.

I am an immigrant and I received my graduated degree in US for free. Now two of my children are getting free education in the top US schools. There are plenty of free colleges around US.

Tell us, then.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.washingtonpost.com/lifestyle/magazine/13-kids-13-college-educations-not-rich-retiring-early/2016/08/08/3abe7cec-38b4-11e6-a254-2b336e293a3c_story.html

Cool (old) profile on a Bowie family. It can be done!

Disingenuous. Seriously it keeps me off they received free cars free furniture and because they have so many children their kids qualify for need-based aid. They have their own business for however many years and wee able to write off expenses.

Family gives them clothes gifts and money towards college. The church and youth group did a majority of their demolition. They bought a house in Bowie for 150k. I live in Bowie and the houses that they're talking about are now close to 500k.

Yes they made good decisions but nothing is in a vacuum and I'm tired of people acting as if if you just save your money you'll be fine. I have an old car it's paid off I didn't get gifted a car. We don't have family giving us money randomly. Or dropping off bikes or clothes or shoes.

They pay no taxes.

I am an immigrant and I received my graduated degree in US for free. Now two of my children are getting free education in the top US schools. There are plenty of free colleges around US.

Also, a $25k/year grad degree salary /= “free”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.washingtonpost.com/lifestyle/magazine/13-kids-13-college-educations-not-rich-retiring-early/2016/08/08/3abe7cec-38b4-11e6-a254-2b336e293a3c_story.html

Cool (old) profile on a Bowie family. It can be done!

Disingenuous. Seriously it keeps me off they received free cars free furniture and because they have so many children their kids qualify for need-based aid. They have their own business for however many years and wee able to write off expenses.

Family gives them clothes gifts and money towards college. The church and youth group did a majority of their demolition. They bought a house in Bowie for 150k. I live in Bowie and the houses that they're talking about are now close to 500k.

Yes they made good decisions but nothing is in a vacuum and I'm tired of people acting as if if you just save your money you'll be fine. I have an old car it's paid off I didn't get gifted a car. We don't have family giving us money randomly. Or dropping off bikes or clothes or shoes.

They pay no taxes.

They’re producing future educated workers & should be rewarded for that via tax incentives, and are. You could’ve had a lot of kids or started a business if doing those things is so fun & easy.

That wasn't my only point but go ahead. And looks handouts from the government.....

[Anonymous]

Anonymous wrote:

Anonymous wrote:Let's see, tech and crypto banks bailed out and the Fed still increasing interest rates. My 2008 crystal ball tells me y'all are going to get screwed and repayment will start 6 months after SCOTUS says nope on forgiveness.

DCUM is the land of $500k HHI “middle class” families. Nobody on here has student loans.

I do. And my HHI is $228K.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let's see, tech and crypto banks bailed out and the Fed still increasing interest rates. My 2008 crystal ball tells me y'all are going to get screwed and repayment will start 6 months after SCOTUS says nope on forgiveness.

DCUM is the land of $500k HHI “middle class” families. Nobody on here has student loans.

I do. And my HHI is $228K.

Your degree & loans weren’t worth it, then.

[Anonymous]

Canada with a novel idea. This ought to be retroactive too instead of young people trapped in usury for their entire adult life.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let's see, tech and crypto banks bailed out and the Fed still increasing interest rates. My 2008 crystal ball tells me y'all are going to get screwed and repayment will start 6 months after SCOTUS says nope on forgiveness.

DCUM is the land of $500k HHI “middle class” families. Nobody on here has student loans.

I do. And my HHI is $228K.

Your degree & loans weren’t worth it, then.

They were, since that is all one salary (mine).

[Anonymous]

I think this is what Biden will do it cancellation is killed. 0% interest rates under a certain income/HHI.

[Anonymous]

Anonymous wrote:Canada with a novel idea. This ought to be retroactive too instead of young people trapped in usury for their entire adult life.

This isn't a novel idea. It's been suggested many times, by many people, all over the place, including here.

The interest rate on federal loans is absurdly high, and although I'm opposed to forgiveness, allowing rates to move down while maintaining federal benefits is a reasonable compromise.