Anonymous wrote:Why this impending 10 k loan forgiveness arouses so much rage and jealousy in UMC white folks is a mystery.

Anonymous wrote:What's going on is leftists want to soak the taxpayer.

Anonymous wrote:

Anonymous wrote:I was raised by a college professor and a SAHM. They made choices every.single.day to ensure my brother and I would have money for school. My dad would walk a half a mile to the bus stop to take the city bus to work instead of driving. Our cars were always older than I was, in fact the car I drove when I first got my license was 4 years older than I was. My mother clipped coupons. My dad brought his lunch. We always drove and camped on our vacations. I never got on a plane until I was 16. My mom shopped at garage sales. They rarely ate out. A million little decisions executed routinely. We never had anything fancy but we had more than enough and a very happy childhood and family life. My brother and I were both able to go to private colleges and graduate debt free (we both did work study and worked every summer) and my parents are now comfortably retired. It can be done. Based on that I sure do resent the people who go on a Disney cruise and then complain that they don’t have enough money for school.

So your parents paid for your college. You are lucky. And now you want everyone to suffer who doesn’t have parents who live like monks. Why should people have to live this way to pay some college administrator’s fat salary? Again, everyone’s anger should be at the colleges, not kids and their parents.

Anonymous wrote:Why this impending 10 k loan forgiveness arouses so much rage and jealousy in UMC white folks is a mystery.

Anonymous wrote:I was raised by a college professor and a SAHM. They made choices every.single.day to ensure my brother and I would have money for school. My dad would walk a half a mile to the bus stop to take the city bus to work instead of driving. Our cars were always older than I was, in fact the car I drove when I first got my license was 4 years older than I was. My mother clipped coupons. My dad brought his lunch. We always drove and camped on our vacations. I never got on a plane until I was 16. My mom shopped at garage sales. They rarely ate out. A million little decisions executed routinely. We never had anything fancy but we had more than enough and a very happy childhood and family life. My brother and I were both able to go to private colleges and graduate debt free (we both did work study and worked every summer) and my parents are now comfortably retired. It can be done. Based on that I sure do resent the people who go on a Disney cruise and then complain that they don’t have enough money for school.

Anonymous wrote:I was raised by a college professor and a SAHM. They made choices every.single.day to ensure my brother and I would have money for school. My dad would walk a half a mile to the bus stop to take the city bus to work instead of driving. Our cars were always older than I was, in fact the car I drove when I first got my license was 4 years older than I was. My mother clipped coupons. My dad brought his lunch. We always drove and camped on our vacations. I never got on a plane until I was 16. My mom shopped at garage sales. They rarely ate out. A million little decisions executed routinely. We never had anything fancy but we had more than enough and a very happy childhood and family life. My brother and I were both able to go to private colleges and graduate debt free (we both did work study and worked every summer) and my parents are now comfortably retired. It can be done. Based on that I sure do resent the people who go on a Disney cruise and then complain that they don’t have enough money for school.

Anonymous wrote:Why this impending 10 k loan forgiveness arouses so much rage and jealousy in UMC white folks is a mystery.

Anonymous wrote:Why this impending 10 k loan forgiveness arouses so much rage and jealousy in UMC white folks is a mystery.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL. This didn't go quite as she was hoping......

Americans are selfish. What else is new?

The selfish are those that make a financial commitment to repay debt but expect a taxpayer handout because they've made poor decision and performed poorly in life. Those people are parasites.

All of these discussions of people’s personal choices let financial institutions (and the politicians who wrote lender-friendly laws) off the hook.

I finished my professional degree in 2000 and consolidated roughly $100k in loans at something like 8%. When interest rates went down, I couldn’t take my loans somewhere cheaper because there was a LAW that you could only change lenders once. Meanwhile, the lenders took on little risk in return for that interest-rate bonanza because there is? was? another law that borrowers can’t discharge student loans in bankruptcy.

FWIW, when I took out the loans the payback total didn’t deter me because I knew I could get a high-income job and pay them back. But life happens. In my case, I developed a disability after a few years and lost my income. I’ve never defaulted, but I’ve often had to pay the monthly minimum. Even with a few over-payments in flush times, including one of 5 figures, I’ll make my last payment in 2024. I paid back an amount equal to the actual principal by 2009 — the other 15 years have been servicing interest.

And that was with a professional degree that led immediately to a 6-figure job, not something like an undergrad degree that was the best hope to climb out of poverty. But sure, the problem is 100% individuals and their bad choices, not anything systemic.

Anonymous wrote:

Anonymous wrote:Awesome……reward the losers who can’t repay the loans they took out! Brilliant. Go America!!!!

You again, barf.

Anonymous wrote:

Anonymous wrote:Yeah, as if some of you here complaining about this didn’t take CARES Act money you didn’t need.

CARES Act addressed a need. You just don't like living off $150k/year and pay $500 for your loans.

Anonymous wrote:

Anonymous wrote:Awesome……reward the losers who can’t repay the loans they took out! Brilliant. Go America!!!!

You again, barf.

Anonymous wrote:$8 trillion from the treasury and into the pockets of the c-suite and Wall Street over the last two years and hypocritical right wing hacks only seethe that poor people might get some chump change in federal student loans deleted. Demonic scum.