Reply to student loans...what will happen when payments start

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think there will be a lot of babysitters available.

Seriously, did they really think this wouldn’t happen?

(Also hoping the Sup ct goes against the admin’s forgiveness program, unless I can get my car loan forgiven and the first $10k of my kids college bill written off.) [/quote]

The people with these loans are teachers, building inspectors, business owners.  They aren't college kids, they are middle aged people with jobs who have been paying for years.  And they still can't pay off these loans.

Mine are already forgiven, thankfully, but navigating PSLF was a nightmare.  What a mess.

I totally support the first $X of your kid's college being free, by the way.  State schools should be low-cost to all and free to most.  It's wrong to tell people they need college degrees to work (required even for many jobs that shouldn't really need them), then make those degrees unaffordable without predatory loans.  [/quote]

Why in the hell  would anyone take out a large loan to be a freaking teacher?? [/quote]

I don't think  you can take out large loans for undergrad. The issue is that they don't make much and are paying the minimum but the interest is compounding faster. So their balance may have been $25k and now it's like $50k[/quote]

We need financial literacy courses in high school. There are way too many folks walking around that don’t think about money and how it works in the greatest debted country. Our great nation is built on credit, other nations are like this but not to the same degree. If you don’t learn how to plan the game, it will cost you. Like saying I’m gonna pursue my passion and not thinking about the consequences of borrowing the money to make this 18 yo fantasy a reality. Unfortunately I side with those who are against forgiving because it comes down to your own decisions, not predatory lending etc. [/quote]

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