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Reply to "What is going on with student loans?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think the Republicans are scared sh#tless that once Biden enacts even $10K forgiveness his approval rating will shoot up to over 50%. I honestly think it’s going to happen and will be wildly popular with 60% of the country. [/quote] Yes! I will be so grateful! Even 10k will help me tremendously. Probably more than the millions given to corporations ;)[/quote] Bless your heart. If I pay your $10,000 loan, will you pay $10,000 towards your classmates loan?[/quote] No. I already paid for the many benefits you received for the children you chose to have. [NP][/quote] +100! I don't understand why people can't see that we all benefit (or don't) in ways that do not apply to all. I do not have children and yet my taxes go toward schools and I have never benefitted from child tax credits or the extra money given to parents these past few years. So I'll gratefully accept a 10K benefit that will make a huge difference in my life and allow me to invest in the economy by buying a newer and more reliable car.[/quote] If you do not understand how I, as a teacher, will jump for joy to have 10k in loan forgivenenss, then I can't explain to you. I am thrilled, however, that your financial circumstances are such that being able to "upgrade" to a better used car is something you will know. Sorry but how is 10k in forgiveness going to make a huge difference for you? Even under the most aggressive 10 year repayment plan that represents a payment of about 115 dollars a month. That is not a huge difference for anyone, even someone making 40k or less. The average new car in this country costs well over 40k and the minimum is about 15k for the Chevy Spark. [/quote] If you do not understand how I, as a teacher, will jump for joy to have 10k in loan forgiveness, then I can't explain it to you. I am thrilled, however, that your financial circumstances are such that being able to "upgrade" to a better used car is something you will know.[/quote] I've had the same car my entire adult life... 25 years... so whatever. I'm sure you'll jump for joy. But you spoke about a "huge difference" in your life that this 10K forgiveness will provide. A very young teacher in Fairfax County is going to be making around 60K a year, so saving $100 a month is not a "huge difference." Please do the math for me to show me otherwise. It represents about 2% of monthly income.[/quote] I am not in FCPS and I am making less than 60K/year. If you don't think having an extra $200 makes a difference in someone's life than I am so happy for you and your good fortune. But whatever. Don't care about someone who might benefit in this significant way (for me) and I certainly won't give you another thought. I will appreciate the student loan forgiveness and continue doing good work in the world. It's all good. Meanwhile the corporations who got massive amounts of PPP loans will hopefully do the same...[/quote]
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