What is going on with student loans?

[Anonymous]

Anonymous wrote:I graduated from a college that absolutely no one who frequents DCUM would send their kids to; a $10k/year tuition directional state school that I both commuted to & graduated early from (“rushed through”). Majored in computer science & minored in math. Graduated in the past 4 years.

I have no student loan debt though!

My great-uncle got his billionaire buddy to pay my tuition. No student loans for me either!

[Anonymous]

Anonymous wrote:

Anonymous wrote:I graduated from a college that absolutely no one who frequents DCUM would send their kids to; a $10k/year tuition directional state school that I both commuted to & graduated early from (“rushed through”). Majored in computer science & minored in math. Graduated in the past 4 years.

I have no student loan debt though!

My great-uncle got his billionaire buddy to pay my tuition. No student loans for me either!

PS. So glad I don't have to worry about the supreme court striking down loan forgiveness!

[Anonymous]

If u want some sort of loan forgiveness get it through congress like pslf and related programs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I graduated from a college that absolutely no one who frequents DCUM would send their kids to; a $10k/year tuition directional state school that I both commuted to & graduated early from (“rushed through”). Majored in computer science & minored in math. Graduated in the past 4 years.

I have no student loan debt though!

the world is awash with people who think their good fortune is based on their amazing decision-making skills and not their privilege(s), of which you have multiple.
but please continue.

Most student loan debt is from professional grad degrees.

People who finish dental, medical, law, MBA, even physicians assistant, pharmacy, nurse practitioner, dietician, SLP degrees generally go to lead very comfortable lives long-term. Of course, taking out loans for such degrees involves risk, just like any other investment.

Some prospective students look at that investment and balk at the possible risks. That’s fine. That means those people with just an undergrad degree will have less debt. It also means they have lower long-term earning potential than someone who does have a graduate degree. Trade-offs. Life is full of them.

[Anonymous]

Looks like loan repayments will begin aug 30

[Anonymous]

[Anonymous]

Anonymous wrote:

What an idiot. I would expect nothing less from someone on MSNBC.
He knows full well that negotiations were much bigger than just student debt relief.
SCOTUS won't let it go through anyway. Then we can hear the liberals moaning on the SCOTUS thread.

[Anonymous]

Anonymous wrote:Parent plus loans & grad plus loans should be forgiven too

Glad you’re not in charge!

[Anonymous]

Anonymous wrote:Looks like loan repayments will begin aug 30

The average monthly payment will be $393 a month.

Source: https://www.zerohedge.com/markets/great-student-loan-nonpayment-boondoggle-over-household-spending-about-collapse-38-billion

[Anonymous]

Anonymous wrote:

I would argue the messaging is that student loans, college affordability, voting rights, federal abortion protections.... just weren't important enough for Biden to fight over. Vote accordingly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

What an idiot. I would expect nothing less from someone on MSNBC.
He knows full well that negotiations were much bigger than just student debt relief.
SCOTUS won't let it go through anyway. Then we can hear the liberals moaning on the SCOTUS thread.

+1. He capped programs important to democrats and exempted programs important to republicans from those caps. Really a tough negotiator

[Anonymous]

Personally, I’m glad the mass handout/naked buying of votes that is student loan “reform” isn’t going to happen. I’m an immigrant who grew up in poverty and abuse and had no choice but to get $200k in debt to get through professional school. I spent the next 15 years going without, buying secondhand suits on eBay and at thrift shops, living in impoverished areas of cities for cheap rent, forgoing vacations etc., with home buying completely out of reach, all to pay off that debt. Most of my classmates paid only the minimum and enjoyed nice lifestyles. As a result, their loans ballooned.

For them to now get to play victim and reach into taxpayer funds to pay what they should have paid is wrong.

I’d like to see any student loan reform calculate what the debtor should’ve been able to pay over the term of the loan and set that aside as the debtor’s sole responsibility before any talk of “forgiving” the rest. People who chose not to pay off their loans should not benefit from their own greed.

[Anonymous]

Anonymous wrote:Personally, I’m glad the mass handout/naked buying of votes that is student loan “reform” isn’t going to happen. I’m an immigrant who grew up in poverty and abuse and had no choice but to get $200k in debt to get through professional school. I spent the next 15 years going without, buying secondhand suits on eBay and at thrift shops, living in impoverished areas of cities for cheap rent, forgoing vacations etc., with home buying completely out of reach, all to pay off that debt. Most of my classmates paid only the minimum and enjoyed nice lifestyles. As a result, their loans ballooned.

For them to now get to play victim and reach into taxpayer funds to pay what they should have paid is wrong.

I’d like to see any student loan reform calculate what the debtor should’ve been able to pay over the term of the loan and set that aside as the debtor’s sole responsibility before any talk of “forgiving” the rest. People who chose not to pay off their loans should not benefit from their own greed.

Boo hoo. 200k 15 years ago means you're a doctor. It also means that you're not a very well paid doctor if it took you 15 years of sacrifice to repay them

[Anonymous]

Anonymous wrote:Personally, I’m glad the mass handout/naked buying of votes that is student loan “reform” isn’t going to happen. I’m an immigrant who grew up in poverty and abuse and had no choice but to get $200k in debt to get through professional school. I spent the next 15 years going without, buying secondhand suits on eBay and at thrift shops, living in impoverished areas of cities for cheap rent, forgoing vacations etc., with home buying completely out of reach, all to pay off that debt. Most of my classmates paid only the minimum and enjoyed nice lifestyles. As a result, their loans ballooned.

For them to now get to play victim and reach into taxpayer funds to pay what they should have paid is wrong.

I’d like to see any student loan reform calculate what the debtor should’ve been able to pay over the term of the loan and set that aside as the debtor’s sole responsibility before any talk of “forgiving” the rest. People who chose not to pay off their loans should not benefit from their own greed.

My dad died of pancreatic cancer. I'm outraged at the researchers developing a potential cancer vaccine and more effective treatments. If my dad and our family had to suffer, so should everyone else who gets cancer. No one else should get a free pass at living life!

[Anonymous]

My dad died of pancreatic cancer. I'm outraged at the researchers developing a potential cancer vaccine and more effective treatments. If my dad and our family had to suffer, so should everyone else who gets cancer. No one else should get a free pass at living life!

Very poor analogy.

I don't think your dad signed a form agreeing to get pancreatic cancer.