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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]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. [/quote] What is your minimum payment requirement?[/quote] 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. [/quote] 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. [/quote] 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[/quote] Delaware Biden is a lifelong financier toady. He will never forgive that vigorish because his masters will never let him.[/quote]
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