Reply to Why is Biden extending the student loan repayment pause?

Forum Index » Political Discussion

Reply to "Why is Biden extending the student loan repayment pause?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]this income cap sh** makes my blood boil. In principle it sounds like the right thing to do, but it screws more people than it helps. I make $125k in my hometown in Arkansas is not the same as $125k in this expensive DMV area. [/quote]

Isn't it just mirroring whatever the HHI was for the 2020 and 2021 pandemic stimulus checks?[/quote]

it is. I was fine with that. Although it would have been nice to get a $1200, that wasn't going to break me. These student loans are a lot different. I can't even qualify for a decent mortgage. My credit score is 763 and for what? 275k won't even get me a studio in DMV unless I want to be 60 miles away from where I work. [/quote]

You mean your credit score is great but your student loans are jacking up your debt to income ratio, thus sinking your pre-approved mortgage amount?

If that's what you mean, it's a good anecdote that in light of the housing market spike and inflation, $10K is just too lower. It ought to be $25K, depending on income. Or $10K and write off all of the interest which has accrued from the original principal. But $10K really isn't going to move the needle (anymore) after soaring housing, auto, and food costs.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics