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Reply to "This story of loan forgiveness does not sit well with me"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]He knew he had to get a better paying job to repay the loan, but he didn't want to give up his passion, which was music. Now that his almost $250K loan has been paid by us taxpayers, he says he wants to go meditate in India with a guru. Like what the actual f*. my nephew has a mild SN and had a hard time finding a job after college; he majored in IT. He found a lowish paying job (like $45K) at a nonprofit and is still paying it off while he lives with his single mom because he can't afford to live on his own and pay off the debt. But, the government didn't pay his debt off. I think it's like $50K. Here's someone who's trying and working a job that has potential for growth, even as he has a hard time of it, and then there's this guy with his music passion, and now he can go meditate because we taxpayers basically gave him $250K. https://www.yahoo.com/finance/news/gen-xer-got-250-000-181801554.html Yea, I feel bitter.[/quote] OP, you’re kind of being scammed here. You can write this kind of story about any kind of large policy change like this. If you went through all the businesses that got tax cuts in 2017, you’d find a lot to feel bitter about at a much larger scale. You just have to decide if the policy is worth it overall. There’s no such thing as “loan forgiveness but not for lazy guru musicians.” You definitely don’t want the government to be making those kinds of judgements. [/quote] Or PPP loans. Massive fraud and deception in that program. But still the right choice and policy under the circumstances.[/quote]
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