What is going on with student loans?

[Anonymous]

Anonymous wrote:Confession: I have no intention to ever pay off my student loans. I went to graduate school and owe a six figure amount roughly equivalent to my current gross salary. I haven’t been paying during the freeze. I am on an income based payment and just pay that income driven minimum. I plan on riding this out until the system crumbles, or, at worst, pay the taxes on the remainder when the program expires after 25 years and will either have enough in savings or I’ll sell off some asset or whatever. I don’t plan on actually paying it back in full because I honestly don’t care. I’m not going to make any sacrifices. I’m going to YOLO.

I’m also not asking for any sympathy. There will either be handouts or there won’t. I understand why people don’t want forgiveness for people like me, but if it’s there I’ll take it.
When I retire, around 2055, assuming there is still a habitable planet, I am going to sell everything and move to a tiny mountain village in the Republic of Georgia and forage for mushrooms and maybe buy a sheep or two and live off the land like I always wanted to, before I deluded myself into thinking that going into debt to get the big name credentials and indenture myself to Corporate America was a good idea.

Confession: It is because of people like you that I hope he does not "forgive" ANY student debt.
You sound as if you assumed the debt with no intention of paying it off.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Confession: I have no intention to ever pay off my student loans. I went to graduate school and owe a six figure amount roughly equivalent to my current gross salary. I haven’t been paying during the freeze. I am on an income based payment and just pay that income driven minimum. I plan on riding this out until the system crumbles, or, at worst, pay the taxes on the remainder when the program expires after 25 years and will either have enough in savings or I’ll sell off some asset or whatever. I don’t plan on actually paying it back in full because I honestly don’t care. I’m not going to make any sacrifices. I’m going to YOLO.

I’m also not asking for any sympathy. There will either be handouts or there won’t. I understand why people don’t want forgiveness for people like me, but if it’s there I’ll take it.
When I retire, around 2055, assuming there is still a habitable planet, I am going to sell everything and move to a tiny mountain village in the Republic of Georgia and forage for mushrooms and maybe buy a sheep or two and live off the land like I always wanted to, before I deluded myself into thinking that going into debt to get the big name credentials and indenture myself to Corporate America was a good idea.

Confession: It is because of people like you that I hope he does not "forgive" ANY student debt.
You sound as if you assumed the debt with no intention of paying it off.

Basically, yes.
Corporate executives take on debt and get out of it, why shouldn’t I? I took out those loans knowing I could pay them back only based on income. The only catch is the potential tax bomb at the end. If the math, and overall quality of life opportunity cost, worked out such that it would actually be better to pay it off in full than pay the taxes on the outstanding “forgiven” debt after 25 years on IDR, I’d do that. I want to get away with paying back as little as possible, legally of course. Why should I pay one cent more than I have to? To win brownie points on DCUM? I feel absolutely no moral obligations about debt repayment whatsoever.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Confession: I have no intention to ever pay off my student loans. I went to graduate school and owe a six figure amount roughly equivalent to my current gross salary. I haven’t been paying during the freeze. I am on an income based payment and just pay that income driven minimum. I plan on riding this out until the system crumbles, or, at worst, pay the taxes on the remainder when the program expires after 25 years and will either have enough in savings or I’ll sell off some asset or whatever. I don’t plan on actually paying it back in full because I honestly don’t care. I’m not going to make any sacrifices. I’m going to YOLO.

I’m also not asking for any sympathy. There will either be handouts or there won’t. I understand why people don’t want forgiveness for people like me, but if it’s there I’ll take it.
When I retire, around 2055, assuming there is still a habitable planet, I am going to sell everything and move to a tiny mountain village in the Republic of Georgia and forage for mushrooms and maybe buy a sheep or two and live off the land like I always wanted to, before I deluded myself into thinking that going into debt to get the big name credentials and indenture myself to Corporate America was a good idea.

Confession: It is because of people like you that I hope he does not "forgive" ANY student debt.
You sound as if you assumed the debt with no intention of paying it off.

Basically, yes.
Corporate executives take on debt and get out of it, why shouldn’t I? I took out those loans knowing I could pay them back only based on income. The only catch is the potential tax bomb at the end. If the math, and overall quality of life opportunity cost, worked out such that it would actually be better to pay it off in full than pay the taxes on the outstanding “forgiven” debt after 25 years on IDR, I’d do that. I want to get away with paying back as little as possible, legally of course. Why should I pay one cent more than I have to? To win brownie points on DCUM? I feel absolutely no moral obligations about debt repayment whatsoever.

I hope you don't have a mortgage. Mortgage companies don't take too kindly to deadbeats.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Confession: I have no intention to ever pay off my student loans. I went to graduate school and owe a six figure amount roughly equivalent to my current gross salary. I haven’t been paying during the freeze. I am on an income based payment and just pay that income driven minimum. I plan on riding this out until the system crumbles, or, at worst, pay the taxes on the remainder when the program expires after 25 years and will either have enough in savings or I’ll sell off some asset or whatever. I don’t plan on actually paying it back in full because I honestly don’t care. I’m not going to make any sacrifices. I’m going to YOLO.

I’m also not asking for any sympathy. There will either be handouts or there won’t. I understand why people don’t want forgiveness for people like me, but if it’s there I’ll take it.
When I retire, around 2055, assuming there is still a habitable planet, I am going to sell everything and move to a tiny mountain village in the Republic of Georgia and forage for mushrooms and maybe buy a sheep or two and live off the land like I always wanted to, before I deluded myself into thinking that going into debt to get the big name credentials and indenture myself to Corporate America was a good idea.

Confession: It is because of people like you that I hope he does not "forgive" ANY student debt.
You sound as if you assumed the debt with no intention of paying it off.

I do, but you must have missed where I said “legally.” You bet I take every tax deduction I can find.

Basically, yes.
Corporate executives take on debt and get out of it, why shouldn’t I? I took out those loans knowing I could pay them back only based on income. The only catch is the potential tax bomb at the end. If the math, and overall quality of life opportunity cost, worked out such that it would actually be better to pay it off in full than pay the taxes on the outstanding “forgiven” debt after 25 years on IDR, I’d do that. I want to get away with paying back as little as possible, legally of course. Why should I pay one cent more than I have to? To win brownie points on DCUM? I feel absolutely no moral obligations about debt repayment whatsoever.

I hope you don't have a mortgage. Mortgage companies don't take too kindly to deadbeats.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Confession: I have no intention to ever pay off my student loans. I went to graduate school and owe a six figure amount roughly equivalent to my current gross salary. I haven’t been paying during the freeze. I am on an income based payment and just pay that income driven minimum. I plan on riding this out until the system crumbles, or, at worst, pay the taxes on the remainder when the program expires after 25 years and will either have enough in savings or I’ll sell off some asset or whatever. I don’t plan on actually paying it back in full because I honestly don’t care. I’m not going to make any sacrifices. I’m going to YOLO.

I’m also not asking for any sympathy. There will either be handouts or there won’t. I understand why people don’t want forgiveness for people like me, but if it’s there I’ll take it.
When I retire, around 2055, assuming there is still a habitable planet, I am going to sell everything and move to a tiny mountain village in the Republic of Georgia and forage for mushrooms and maybe buy a sheep or two and live off the land like I always wanted to, before I deluded myself into thinking that going into debt to get the big name credentials and indenture myself to Corporate America was a good idea.

Confession: It is because of people like you that I hope he does not "forgive" ANY student debt.
You sound as if you assumed the debt with no intention of paying it off.

Basically, yes.
Corporate executives take on debt and get out of it, why shouldn’t I? I took out those loans knowing I could pay them back only based on income. The only catch is the potential tax bomb at the end. If the math, and overall quality of life opportunity cost, worked out such that it would actually be better to pay it off in full than pay the taxes on the outstanding “forgiven” debt after 25 years on IDR, I’d do that. I want to get away with paying back as little as possible, legally of course. Why should I pay one cent more than I have to? To win brownie points on DCUM? I feel absolutely no moral obligations about debt repayment whatsoever.

I hope you don't have a mortgage. Mortgage companies don't take too kindly to deadbeats.

I do, but you must have missed where I said “legally.” You can bet I take every tax deduction available.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Confession: I have no intention to ever pay off my student loans. I went to graduate school and owe a six figure amount roughly equivalent to my current gross salary. I haven’t been paying during the freeze. I am on an income based payment and just pay that income driven minimum. I plan on riding this out until the system crumbles, or, at worst, pay the taxes on the remainder when the program expires after 25 years and will either have enough in savings or I’ll sell off some asset or whatever. I don’t plan on actually paying it back in full because I honestly don’t care. I’m not going to make any sacrifices. I’m going to YOLO.

I’m also not asking for any sympathy. There will either be handouts or there won’t. I understand why people don’t want forgiveness for people like me, but if it’s there I’ll take it.
When I retire, around 2055, assuming there is still a habitable planet, I am going to sell everything and move to a tiny mountain village in the Republic of Georgia and forage for mushrooms and maybe buy a sheep or two and live off the land like I always wanted to, before I deluded myself into thinking that going into debt to get the big name credentials and indenture myself to Corporate America was a good idea.

Confession: It is because of people like you that I hope he does not "forgive" ANY student debt.
You sound as if you assumed the debt with no intention of paying it off.

Basically, yes.
Corporate executives take on debt and get out of it, why shouldn’t I? I took out those loans knowing I could pay them back only based on income. The only catch is the potential tax bomb at the end. If the math, and overall quality of life opportunity cost, worked out such that it would actually be better to pay it off in full than pay the taxes on the outstanding “forgiven” debt after 25 years on IDR, I’d do that. I want to get away with paying back as little as possible, legally of course. Why should I pay one cent more than I have to? To win brownie points on DCUM? I feel absolutely no moral obligations about debt repayment whatsoever.

I hope you don't have a mortgage. Mortgage companies don't take too kindly to deadbeats.

I do, but you must have missed where I said “legally.” You can bet I take every tax deduction available.

You’re gross and basically a poster child for entitled millennial losers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Confession: I have no intention to ever pay off my student loans. I went to graduate school and owe a six figure amount roughly equivalent to my current gross salary. I haven’t been paying during the freeze. I am on an income based payment and just pay that income driven minimum. I plan on riding this out until the system crumbles, or, at worst, pay the taxes on the remainder when the program expires after 25 years and will either have enough in savings or I’ll sell off some asset or whatever. I don’t plan on actually paying it back in full because I honestly don’t care. I’m not going to make any sacrifices. I’m going to YOLO.

I’m also not asking for any sympathy. There will either be handouts or there won’t. I understand why people don’t want forgiveness for people like me, but if it’s there I’ll take it.
When I retire, around 2055, assuming there is still a habitable planet, I am going to sell everything and move to a tiny mountain village in the Republic of Georgia and forage for mushrooms and maybe buy a sheep or two and live off the land like I always wanted to, before I deluded myself into thinking that going into debt to get the big name credentials and indenture myself to Corporate America was a good idea.

Confession: It is because of people like you that I hope he does not "forgive" ANY student debt.
You sound as if you assumed the debt with no intention of paying it off.

Basically, yes.
Corporate executives take on debt and get out of it, why shouldn’t I? I took out those loans knowing I could pay them back only based on income. The only catch is the potential tax bomb at the end. If the math, and overall quality of life opportunity cost, worked out such that it would actually be better to pay it off in full than pay the taxes on the outstanding “forgiven” debt after 25 years on IDR, I’d do that. I want to get away with paying back as little as possible, legally of course. Why should I pay one cent more than I have to? To win brownie points on DCUM? I feel absolutely no moral obligations about debt repayment whatsoever.

I hope you don't have a mortgage. Mortgage companies don't take too kindly to deadbeats.

I do, but you must have missed where I said “legally.” You can bet I take every tax deduction available.

You’re gross and basically a poster child for entitled millennial losers.

You’re disgusted at the idea of a middle class person taking advantage of opportunities available to them. Do you feel the same way about corporate tax loopholes?

Here’s another example of when I took advantage: I was laid off from a job in 2020. I found a job within three weeks, but it didn’t start until after the holidays, so I continued to take unemployment. Because I was legally allowed to. I had a job lined up, but got to be funemployed for another 6 weeks. I was never in any real financial hardship, but I caught a break.

See, Americans are conditioned to believe that any time an LMC or MC person catches a break and can enjoy themselves, then something is wrong and must be stopped. But when rich people get something they don’t “earn”… somehow, you do the mental gymnastics to convince yourself that they “earned it.” How do those boots taste?

Back to student loans, what happens, happens. I will pay off the bare minimum that I legally have to. Not a cent more. Again, why should I? If per the IDR plan, which has been a policy the whole time, requires me to pay a tax bomb, then I’ll pay it. If I get a handout, I’ll take that. Im not even advocating for it to be forgiven, I’m only saying that if it were, I’d take it, and you’ll all have to deal with it and cry about it. But it’s not going to happen anyways so you can unclench your pearls. I’m not dying on the hill for student loan forgiveness either way, because it’s all politics and all politicians suck.

[Anonymous]

See also the trolls and bots spamming in this thread.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Confession: I have no intention to ever pay off my student loans. I went to graduate school and owe a six figure amount roughly equivalent to my current gross salary. I haven’t been paying during the freeze. I am on an income based payment and just pay that income driven minimum. I plan on riding this out until the system crumbles, or, at worst, pay the taxes on the remainder when the program expires after 25 years and will either have enough in savings or I’ll sell off some asset or whatever. I don’t plan on actually paying it back in full because I honestly don’t care. I’m not going to make any sacrifices. I’m going to YOLO.

I’m also not asking for any sympathy. There will either be handouts or there won’t. I understand why people don’t want forgiveness for people like me, but if it’s there I’ll take it.
When I retire, around 2055, assuming there is still a habitable planet, I am going to sell everything and move to a tiny mountain village in the Republic of Georgia and forage for mushrooms and maybe buy a sheep or two and live off the land like I always wanted to, before I deluded myself into thinking that going into debt to get the big name credentials and indenture myself to Corporate America was a good idea.

What is your minimum payment requirement?

I’ll find out when I recertify this year but it used to be around $500. It’s probably over $600 now. But it’s not the $1500 or whatever ungodly amount it would be if I were on a standard plan.

Would you be fine with Biden canceling $10,000 only? I know many are advocating for $50,000, but I think that is highly unlikely.

I dont want them to cancel anything. I want them to decrease or nullify the interest. Just pay back what you borrowed. - not the PP moving to herd sheep

Delaware Biden is a lifelong financier toady. He will never forgive that vigorish because his masters will never let him.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Confession: I have no intention to ever pay off my student loans. I went to graduate school and owe a six figure amount roughly equivalent to my current gross salary. I haven’t been paying during the freeze. I am on an income based payment and just pay that income driven minimum. I plan on riding this out until the system crumbles, or, at worst, pay the taxes on the remainder when the program expires after 25 years and will either have enough in savings or I’ll sell off some asset or whatever. I don’t plan on actually paying it back in full because I honestly don’t care. I’m not going to make any sacrifices. I’m going to YOLO.

I’m also not asking for any sympathy. There will either be handouts or there won’t. I understand why people don’t want forgiveness for people like me, but if it’s there I’ll take it.
When I retire, around 2055, assuming there is still a habitable planet, I am going to sell everything and move to a tiny mountain village in the Republic of Georgia and forage for mushrooms and maybe buy a sheep or two and live off the land like I always wanted to, before I deluded myself into thinking that going into debt to get the big name credentials and indenture myself to Corporate America was a good idea.

Confession: It is because of people like you that I hope he does not "forgive" ANY student debt.
You sound as if you assumed the debt with no intention of paying it off.

Basically, yes.
Corporate executives take on debt and get out of it, why shouldn’t I? I took out those loans knowing I could pay them back only based on income. The only catch is the potential tax bomb at the end. If the math, and overall quality of life opportunity cost, worked out such that it would actually be better to pay it off in full than pay the taxes on the outstanding “forgiven” debt after 25 years on IDR, I’d do that. I want to get away with paying back as little as possible, legally of course. Why should I pay one cent more than I have to? To win brownie points on DCUM? I feel absolutely no moral obligations about debt repayment whatsoever.

I hope you don't have a mortgage. Mortgage companies don't take too kindly to deadbeats.

I do, but you must have missed where I said “legally.” You can bet I take every tax deduction available.

You’re gross and basically a poster child for entitled millennial losers.

You’re disgusted at the idea of a middle class person taking advantage of opportunities available to them. Do you feel the same way about corporate tax loopholes?

Here’s another example of when I took advantage: I was laid off from a job in 2020. I found a job within three weeks, but it didn’t start until after the holidays, so I continued to take unemployment. Because I was legally allowed to. I had a job lined up, but got to be funemployed for another 6 weeks. I was never in any real financial hardship, but I caught a break.

See, Americans are conditioned to believe that any time an LMC or MC person catches a break and can enjoy themselves, then something is wrong and must be stopped. But when rich people get something they don’t “earn”… somehow, you do the mental gymnastics to convince yourself that they “earned it.” How do those boots taste?

Back to student loans, what happens, happens. I will pay off the bare minimum that I legally have to. Not a cent more. Again, why should I? If per the IDR plan, which has been a policy the whole time, requires me to pay a tax bomb, then I’ll pay it. If I get a handout, I’ll take that. Im not even advocating for it to be forgiven, I’m only saying that if it were, I’d take it, and you’ll all have to deal with it and cry about it. But it’s not going to happen anyways so you can unclench your pearls. I’m not dying on the hill for student loan forgiveness either way, because it’s all politics and all politicians suck.

If your moral compass equates taking advantage of opportunities with being a deadbeat loser then you’ve lost your way. Go back down whatever hole you crawled out of.

[Anonymous]

Breaking: News coming early this week.

You have to assume it’s a Biden executive order, right? Why else are so many Democrats in Congress tweeting @Biden this weekend?

[Anonymous]

Anonymous wrote:Breaking: News coming early this week.

You have to assume it’s a Biden executive order, right? Why else are so many Democrats in Congress tweeting @Biden this weekend?

Nope. They were tweeting in desperation just like they did with the failed Build Back Better bill. The progressives go public with their whining when all back door communications have been shut in their faces.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Breaking: News coming early this week.

You have to assume it’s a Biden executive order, right? Why else are so many Democrats in Congress tweeting @Biden this weekend?

Nope. They were tweeting in desperation just like they did with the failed Build Back Better bill. The progressives go public with their whining when all back door communications have been shut in their faces.

PP is correct. Word came out on Friday that Biden had closed the door on this issue and then you saw the Squad et al making their Twitter campaign this weekend. Why don’t they put together legislation and try to get it passed through Congress? Instead, it’s easier to sit at home and send out a few Tweets to @POTUS.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Confession: I have no intention to ever pay off my student loans. I went to graduate school and owe a six figure amount roughly equivalent to my current gross salary. I haven’t been paying during the freeze. I am on an income based payment and just pay that income driven minimum. I plan on riding this out until the system crumbles, or, at worst, pay the taxes on the remainder when the program expires after 25 years and will either have enough in savings or I’ll sell off some asset or whatever. I don’t plan on actually paying it back in full because I honestly don’t care. I’m not going to make any sacrifices. I’m going to YOLO.

I’m also not asking for any sympathy. There will either be handouts or there won’t. I understand why people don’t want forgiveness for people like me, but if it’s there I’ll take it.
When I retire, around 2055, assuming there is still a habitable planet, I am going to sell everything and move to a tiny mountain village in the Republic of Georgia and forage for mushrooms and maybe buy a sheep or two and live off the land like I always wanted to, before I deluded myself into thinking that going into debt to get the big name credentials and indenture myself to Corporate America was a good idea.

Confession: It is because of people like you that I hope he does not "forgive" ANY student debt.
You sound as if you assumed the debt with no intention of paying it off.

Basically, yes.
Corporate executives take on debt and get out of it, why shouldn’t I? I took out those loans knowing I could pay them back only based on income. The only catch is the potential tax bomb at the end. If the math, and overall quality of life opportunity cost, worked out such that it would actually be better to pay it off in full than pay the taxes on the outstanding “forgiven” debt after 25 years on IDR, I’d do that. I want to get away with paying back as little as possible, legally of course. Why should I pay one cent more than I have to? To win brownie points on DCUM? I feel absolutely no moral obligations about debt repayment whatsoever.

I hope you don't have a mortgage. Mortgage companies don't take too kindly to deadbeats.

I do, but you must have missed where I said “legally.” You can bet I take every tax deduction available.

You’re gross and basically a poster child for entitled millennial losers.

You’re disgusted at the idea of a middle class person taking advantage of opportunities available to them. Do you feel the same way about corporate tax loopholes?

Here’s another example of when I took advantage: I was laid off from a job in 2020. I found a job within three weeks, but it didn’t start until after the holidays, so I continued to take unemployment. Because I was legally allowed to. I had a job lined up, but got to be funemployed for another 6 weeks. I was never in any real financial hardship, but I caught a break.

See, Americans are conditioned to believe that any time an LMC or MC person catches a break and can enjoy themselves, then something is wrong and must be stopped. But when rich people get something they don’t “earn”… somehow, you do the mental gymnastics to convince yourself that they “earned it.” How do those boots taste?

Back to student loans, what happens, happens. I will pay off the bare minimum that I legally have to. Not a cent more. Again, why should I? If per the IDR plan, which has been a policy the whole time, requires me to pay a tax bomb, then I’ll pay it. If I get a handout, I’ll take that. Im not even advocating for it to be forgiven, I’m only saying that if it were, I’d take it, and you’ll all have to deal with it and cry about it. But it’s not going to happen anyways so you can unclench your pearls. I’m not dying on the hill for student loan forgiveness either way, because it’s all politics and all politicians suck.

If your moral compass equates taking advantage of opportunities with being a deadbeat loser then you’ve lost your way. Go back down whatever hole you crawled out of.

Why is taking advantage of the Income Driven Repayment plan equal to being a deadbeat loser?

[Anonymous]

Anonymous wrote:Most student loans are held by people with high earning potentials like doctors and lawyers. This is why it's such a Democratic issue - it's their core constituency.

Lies.