Anonymous
07/15/2023 12:30
Subject: Student loan forgiveness given new life
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Biden is at it again! A new student loan forgiveness plan was announced today. Some eligible borrowers have already received notification of their loan forgiveness.
https://www.cnn.com/2023/07/14/politics/student-loan-relief-biden-administration/index.html
Is there EVER a day he doesn’t get one over on the GOP’ers?!?! I’m loving this!!!!
Sick people.
Work. Pay your debts.
Why? Then it wouldn’t annoy you when Joe forgives the debt! This is sooooo much better lol!
This. Additionally, there were many of us (me!) who were initially in IDR but had our loans sold to other servicers who took us out of our agreed upon repayment structure. Here I have been making repayments for 24 years only to find out I’m not in that program anymore. Additionally, my 24 years of on time payments did not transfer between servicers. There was no technological infrastructure to maintain records across servicers.
Do you also have credit card debt? Car loan? I’m assuming you were never Able to qualify for a mortgage.
Or, able to pay down the princpal? Do you always pay the minimum on your credit card?
Anonymous
07/15/2023 12:13
Subject: Student loan forgiveness given new life
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Biden is at it again! A new student loan forgiveness plan was announced today. Some eligible borrowers have already received notification of their loan forgiveness.
https://www.cnn.com/2023/07/14/politics/student-loan-relief-biden-administration/index.html
Is there EVER a day he doesn’t get one over on the GOP’ers?!?! I’m loving this!!!!
Sick people.
Work. Pay your debts.
Why? Then it wouldn’t annoy you when Joe forgives the debt! This is sooooo much better lol!
This. Additionally, there were many of us (me!) who were initially in IDR but had our loans sold to other servicers who took us out of our agreed upon repayment structure. Here I have been making repayments for 24 years only to find out I’m not in that program anymore. Additionally, my 24 years of on time payments did not transfer between servicers. There was no technological infrastructure to maintain records across servicers.
Do you also have credit card debt? Car loan? I’m assuming you were never Able to qualify for a mortgage.
Anonymous
07/15/2023 12:12
Subject: Student loan forgiveness given new life
Anonymous wrote:Anonymous wrote:Republicans are screwing over people going to trade schools as well.
IDK who is screwing people out of going to trade schools. Do we even have trade schools? There are skilled laborers and those starting small businesses doing things people need, and they do quite well for themselves, better than many college grads. But you have to have skills and mostly entrepreneurship, and ability/grit to run a business. Majority don't have this and college degree is a crutch they need even if they aren't going into specialty fields requiring them.
FWIW, it would be better to give alternative education paths for kids and for the employers to not uniformly require college degrees for every job outside of lowest paid positions or service industry.
A lot of student loan defaults are from former students of proprietary trade schools that recruit students who aren’t interested in 4-year colleges but want to get some trade or IT or healthcare certification or license or other credential and get conned into a program that loads them with debt without giving them employable training. Every time the government shuts one down, others move in to fill the huge demand of people who want professional training without any math classes or paper writing requirements.
Anonymous
07/15/2023 11:57
Subject: Re:Student loan forgiveness given new life
Here is the problem:
When loans were sold off to a different loan servicer, your repayment history with the previous company wasn’t transferred to the new servicer. Your payment history restarted with them. This is not within the terms of the initial loan agreement.
Under the 1965 Higher Education Act and federal regulations, a borrower is eligible for loan forgiveness after making 240 or 300 qualifying monthly payments — roughly 20 or 25 years of payments — on an income-driven repayment plan or standard repayment plan. The administration said "inaccurate payment counts" caused borrowers to lose "hard-earned progress" toward having their loans forgiven, which it has sought to remedy.
When loans were sold off to a different loan servicer, your repayment history with the previous company wasn’t transferred to the new servicer. Your payment history restarted with them. This is not within the terms of the initial loan agreement.
Anonymous
07/15/2023 11:45
Subject: Student loan forgiveness given new life
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Biden is at it again! A new student loan forgiveness plan was announced today. Some eligible borrowers have already received notification of their loan forgiveness.
https://www.cnn.com/2023/07/14/politics/student-loan-relief-biden-administration/index.html
Is there EVER a day he doesn’t get one over on the GOP’ers?!?! I’m loving this!!!!
Sick people.
Work. Pay your debts.
Why? Then it wouldn’t annoy you when Joe forgives the debt! This is sooooo much better lol!
This. Additionally, there were many of us (me!) who were initially in IDR but had our loans sold to other servicers who took us out of our agreed upon repayment structure. Here I have been making repayments for 24 years only to find out I’m not in that program anymore. Additionally, my 24 years of on time payments did not transfer between servicers. There was no technological infrastructure to maintain records across servicers.
Anonymous
07/15/2023 09:43
Subject: Student loan forgiveness given new life
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Biden is at it again! A new student loan forgiveness plan was announced today. Some eligible borrowers have already received notification of their loan forgiveness.
https://www.cnn.com/2023/07/14/politics/student-loan-relief-biden-administration/index.html
Is there EVER a day he doesn’t get one over on the GOP’ers?!?! I’m loving this!!!!
Sick people.
Work. Pay your debts.
Hi hon! Maybe look into the thousands of people who work and attempt to pay off their debts only for the interest rates to mean they’re just in more debt. Cause you sound like a heartless fool.
Maybe you should have spent 5 minutes learning personal finance 101 on YouTube before taking out tens of thousands in loans? I know it is too much these days for people to spend 10 minutes on personal responsibility even though they have inordinate amounts of time to waste on Twitter, Insta, and TikTok.
The level of entitlement these days is absolutely disgusting. I truly believe we need a Great Depression 2 for the country in order to shed all of this weakness in our overly indulgent culture that's resulting in sickening entitlement mentality.
Pay your own damn bills.
They did pay their bills, for 25+ years but because of interest rates and lack of bankruptcy protection, they still have a balance with no end in sight. The income based repayment plans were always meant to last no longer than 20-30 years. And you are out a ton of money if you made income based payments for 25 years.
Omg.....you mean there is interest charged on a loan and an amortization schedule? Holy crap, welcome to the real world children.
We know, we know....adulting is hard. You paid the minimum like a moron and wonder why you're still paying 10 years later.
Truly amazing how people are getting to 40 years old these days and have the mindset of barely functional teenagers. This country is doomed.
If “adulting” means being a mean, cold stone-hearted jerk like you, then I would rather be a teenager indefinitely. And really what dooms this country are scorched earth capitalists like you who have no regard or empathy for anyone but themselves.
Adulting means delaying gratification to payoff your debts like I did. I paid off $80k in loans. I spent 10 minutes learning about finance 101, interest rates, and what it'd mean if I just paid the minimum every month. Because I was a responsible adult and not a dumbass, I paid extra every month on my loans. I used every single tax break and bonus on them. For years I forewent driving around in a nice car, I rarely bought new clothes, I hardly bought new cell phones, I didn't go on swanky trips, I didn't live in an stupidly expensive urban center, I didn't go out to happy hour and restaurants constantly with friends.....I delayed tons of gratification to pay off what I owed and what I agreed to payback. I knew it was stupid to pay the minimum because it'd tack on thousands in interest and add years of payments.
Maybe clown shows like you and the rest of the whiners would learn some good life lesson to learn how to live with less and minimalism. Shit, delayed gratification would do this country wonders during a time when everyone now thinks they're entitled to everything just because they exist and breathe air.
Quit buying crap you don't need, move to a low cost of living area, and delay your gratification. Once you finally learn financial discipline, use the difference to payoff your bills.
So sickof the rampant entitlement mentality these days. You aren't special, nor do you deserve anything simply because you exist.
+ a million
And, let's call this what it is..... It is not "forgiveness." It is a transference of debt to people who never took out loans.
Let me guess, you and the MAGA PP also kick puppies, think elementary school kids are slackers for not having jobs, and blame cancer patients for not having lived a healthy life style. You’re a mean one, Mr, Grinch.
Anonymous
07/15/2023 09:22
Subject: Student loan forgiveness given new life
All I know is that I have friends that took out loans over 30 years ago, who have paid back multiples of the amount borrowed, with no end in sight. They aren’t in lucrative careers, although many do important work (lower paying university jobs, for instance). They didn’t come from wealth, and didn’t take out massive loans, just not been in a position to pay a whole lot more than the minimum (don’t own homes, drive old cars, have to sell possessions to cover emergencies). They’re not out to screw anyone over, and I’m okay with people that have already repaid their loans many times over, getting relief.
The loans themselves need to be restructured. They should be prevailing rates, or even slightly lower, even if the lender is private, and there should be a cap on the amounts that can be borrowed, maybe with carve outs for certain higher degrees. There is no reason to expect 18 and 20 year olds to be financially savvy, and there should not be room for exploitation.
The loans themselves need to be restructured. They should be prevailing rates, or even slightly lower, even if the lender is private, and there should be a cap on the amounts that can be borrowed, maybe with carve outs for certain higher degrees. There is no reason to expect 18 and 20 year olds to be financially savvy, and there should not be room for exploitation.
Anonymous
07/15/2023 08:07
Subject: Student loan forgiveness given new life
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Biden is at it again! A new student loan forgiveness plan was announced today. Some eligible borrowers have already received notification of their loan forgiveness.
https://www.cnn.com/2023/07/14/politics/student-loan-relief-biden-administration/index.html
Is there EVER a day he doesn’t get one over on the GOP’ers?!?! I’m loving this!!!!
Sick people.
Work. Pay your debts.
Hi hon! Maybe look into the thousands of people who work and attempt to pay off their debts only for the interest rates to mean they’re just in more debt. Cause you sound like a heartless fool.
Maybe you should have spent 5 minutes learning personal finance 101 on YouTube before taking out tens of thousands in loans? I know it is too much these days for people to spend 10 minutes on personal responsibility even though they have inordinate amounts of time to waste on Twitter, Insta, and TikTok.
The level of entitlement these days is absolutely disgusting. I truly believe we need a Great Depression 2 for the country in order to shed all of this weakness in our overly indulgent culture that's resulting in sickening entitlement mentality.
Pay your own damn bills.
They did pay their bills, for 25+ years but because of interest rates and lack of bankruptcy protection, they still have a balance with no end in sight. The income based repayment plans were always meant to last no longer than 20-30 years. And you are out a ton of money if you made income based payments for 25 years.
Omg.....you mean there is interest charged on a loan and an amortization schedule? Holy crap, welcome to the real world children.
We know, we know....adulting is hard. You paid the minimum like a moron and wonder why you're still paying 10 years later.
Truly amazing how people are getting to 40 years old these days and have the mindset of barely functional teenagers. This country is doomed.
If “adulting” means being a mean, cold stone-hearted jerk like you, then I would rather be a teenager indefinitely. And really what dooms this country are scorched earth capitalists like you who have no regard or empathy for anyone but themselves.
Adulting means delaying gratification to payoff your debts like I did. I paid off $80k in loans. I spent 10 minutes learning about finance 101, interest rates, and what it'd mean if I just paid the minimum every month. Because I was a responsible adult and not a dumbass, I paid extra every month on my loans. I used every single tax break and bonus on them. For years I forewent driving around in a nice car, I rarely bought new clothes, I hardly bought new cell phones, I didn't go on swanky trips, I didn't live in an stupidly expensive urban center, I didn't go out to happy hour and restaurants constantly with friends.....I delayed tons of gratification to pay off what I owed and what I agreed to payback. I knew it was stupid to pay the minimum because it'd tack on thousands in interest and add years of payments.
Maybe clown shows like you and the rest of the whiners would learn some good life lesson to learn how to live with less and minimalism. Shit, delayed gratification would do this country wonders during a time when everyone now thinks they're entitled to everything just because they exist and breathe air.
Quit buying crap you don't need, move to a low cost of living area, and delay your gratification. Once you finally learn financial discipline, use the difference to payoff your bills.
So sickof the rampant entitlement mentality these days. You aren't special, nor do you deserve anything simply because you exist.
+ a million
And, let's call this what it is..... It is not "forgiveness." It is a transference of debt to people who never took out loans.
Anonymous
07/14/2023 23:48
Subject: Student loan forgiveness given new life
Anonymous wrote:Republicans are screwing over people going to trade schools as well.
IDK who is screwing people out of going to trade schools. Do we even have trade schools? There are skilled laborers and those starting small businesses doing things people need, and they do quite well for themselves, better than many college grads. But you have to have skills and mostly entrepreneurship, and ability/grit to run a business. Majority don't have this and college degree is a crutch they need even if they aren't going into specialty fields requiring them.
FWIW, it would be better to give alternative education paths for kids and for the employers to not uniformly require college degrees for every job outside of lowest paid positions or service industry.
Anonymous
07/14/2023 23:40
Subject: Student loan forgiveness given new life
Anonymous wrote:Why do Republicans hate students so much?
Why do Republicans hate higher education so much?
Because people who are too well educated realize what a load of crap the GOP spouts and won't vote for them.
Anonymous
07/14/2023 23:36
Subject: Student loan forgiveness given new life
Anonymous wrote:Why do Republicans hate students so much?
Why do Republicans hate higher education so much?
TBH first 2 years of higher education is what kids are perfectly capable covering in HS or in community college while working, these are general subjects. Most concentration on your actual major happens in the last 2 years. Unless you are getting a double degree or masters there is no reason to spend 4 years in an expensive university unless your parents are loaded and offer to pay
Anonymous
07/14/2023 22:10
Subject: Student loan forgiveness given new life
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Biden is at it again! A new student loan forgiveness plan was announced today. Some eligible borrowers have already received notification of their loan forgiveness.
https://www.cnn.com/2023/07/14/politics/student-loan-relief-biden-administration/index.html
Is there EVER a day he doesn’t get one over on the GOP’ers?!?! I’m loving this!!!!
Sick people.
Work. Pay your debts.
Hi hon! Maybe look into the thousands of people who work and attempt to pay off their debts only for the interest rates to mean they’re just in more debt. Cause you sound like a heartless fool.
Maybe you should have spent 5 minutes learning personal finance 101 on YouTube before taking out tens of thousands in loans? I know it is too much these days for people to spend 10 minutes on personal responsibility even though they have inordinate amounts of time to waste on Twitter, Insta, and TikTok.
The level of entitlement these days is absolutely disgusting. I truly believe we need a Great Depression 2 for the country in order to shed all of this weakness in our overly indulgent culture that's resulting in sickening entitlement mentality.
Pay your own damn bills.
They did pay their bills, for 25+ years but because of interest rates and lack of bankruptcy protection, they still have a balance with no end in sight. The income based repayment plans were always meant to last no longer than 20-30 years. And you are out a ton of money if you made income based payments for 25 years.
Omg.....you mean there is interest charged on a loan and an amortization schedule? Holy crap, welcome to the real world children.
We know, we know....adulting is hard. You paid the minimum like a moron and wonder why you're still paying 10 years later.
Truly amazing how people are getting to 40 years old these days and have the mindset of barely functional teenagers. This country is doomed.
If “adulting” means being a mean, cold stone-hearted jerk like you, then I would rather be a teenager indefinitely. And really what dooms this country are scorched earth capitalists like you who have no regard or empathy for anyone but themselves.
Adulting means delaying gratification to payoff your debts like I did. I paid off $80k in loans. I spent 10 minutes learning about finance 101, interest rates, and what it'd mean if I just paid the minimum every month. Because I was a responsible adult and not a dumbass, I paid extra every month on my loans. I used every single tax break and bonus on them. For years I forewent driving around in a nice car, I rarely bought new clothes, I hardly bought new cell phones, I didn't go on swanky trips, I didn't live in an stupidly expensive urban center, I didn't go out to happy hour and restaurants constantly with friends.....I delayed tons of gratification to pay off what I owed and what I agreed to payback. I knew it was stupid to pay the minimum because it'd tack on thousands in interest and add years of payments.
Maybe clown shows like you and the rest of the whiners would learn some good life lesson to learn how to live with less and minimalism. Shit, delayed gratification would do this country wonders during a time when everyone now thinks they're entitled to everything just because they exist and breathe air.
Quit buying crap you don't need, move to a low cost of living area, and delay your gratification. Once you finally learn financial discipline, use the difference to payoff your bills.
So sickof the rampant entitlement mentality these days. You aren't special, nor do you deserve anything simply because you exist.
MAGA! MAGA! MAGA!
Anonymous
07/14/2023 22:06
Subject: Student loan forgiveness given new life
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Biden is at it again! A new student loan forgiveness plan was announced today. Some eligible borrowers have already received notification of their loan forgiveness.
https://www.cnn.com/2023/07/14/politics/student-loan-relief-biden-administration/index.html
Is there EVER a day he doesn’t get one over on the GOP’ers?!?! I’m loving this!!!!
Sick people.
Work. Pay your debts.
Hi hon! Maybe look into the thousands of people who work and attempt to pay off their debts only for the interest rates to mean they’re just in more debt. Cause you sound like a heartless fool.
Maybe you should have spent 5 minutes learning personal finance 101 on YouTube before taking out tens of thousands in loans? I know it is too much these days for people to spend 10 minutes on personal responsibility even though they have inordinate amounts of time to waste on Twitter, Insta, and TikTok.
The level of entitlement these days is absolutely disgusting. I truly believe we need a Great Depression 2 for the country in order to shed all of this weakness in our overly indulgent culture that's resulting in sickening entitlement mentality.
Pay your own damn bills.
They did pay their bills, for 25+ years but because of interest rates and lack of bankruptcy protection, they still have a balance with no end in sight. The income based repayment plans were always meant to last no longer than 20-30 years. And you are out a ton of money if you made income based payments for 25 years.
Omg.....you mean there is interest charged on a loan and an amortization schedule? Holy crap, welcome to the real world children.
We know, we know....adulting is hard. You paid the minimum like a moron and wonder why you're still paying 10 years later.
Truly amazing how people are getting to 40 years old these days and have the mindset of barely functional teenagers. This country is doomed.
If “adulting” means being a mean, cold stone-hearted jerk like you, then I would rather be a teenager indefinitely. And really what dooms this country are scorched earth capitalists like you who have no regard or empathy for anyone but themselves.
Adulting means delaying gratification to payoff your debts like I did. I paid off $80k in loans. I spent 10 minutes learning about finance 101, interest rates, and what it'd mean if I just paid the minimum every month. Because I was a responsible adult and not a dumbass, I paid extra every month on my loans. I used every single tax break and bonus on them. For years I forewent driving around in a nice car, I rarely bought new clothes, I hardly bought new cell phones, I didn't go on swanky trips, I didn't live in an stupidly expensive urban center, I didn't go out to happy hour and restaurants constantly with friends.....I delayed tons of gratification to pay off what I owed and what I agreed to payback. I knew it was stupid to pay the minimum because it'd tack on thousands in interest and add years of payments.
Maybe clown shows like you and the rest of the whiners would learn some good life lesson to learn how to live with less and minimalism. Shit, delayed gratification would do this country wonders during a time when everyone now thinks they're entitled to everything just because they exist and breathe air.
Quit buying crap you don't need, move to a low cost of living area, and delay your gratification. Once you finally learn financial discipline, use the difference to payoff your bills.
So sickof the rampant entitlement mentality these days. You aren't special, nor do you deserve anything simply because you exist.
People probably need loans to take this magical class “Finance 101.” :lol: :lol:
Anonymous
07/14/2023 22:01
Subject: Student loan forgiveness given new life
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Biden is at it again! A new student loan forgiveness plan was announced today. Some eligible borrowers have already received notification of their loan forgiveness.
https://www.cnn.com/2023/07/14/politics/student-loan-relief-biden-administration/index.html
Is there EVER a day he doesn’t get one over on the GOP’ers?!?! I’m loving this!!!!
Sick people.
Work. Pay your debts.
Hi hon! Maybe look into the thousands of people who work and attempt to pay off their debts only for the interest rates to mean they’re just in more debt. Cause you sound like a heartless fool.
Maybe you should have spent 5 minutes learning personal finance 101 on YouTube before taking out tens of thousands in loans? I know it is too much these days for people to spend 10 minutes on personal responsibility even though they have inordinate amounts of time to waste on Twitter, Insta, and TikTok.
The level of entitlement these days is absolutely disgusting. I truly believe we need a Great Depression 2 for the country in order to shed all of this weakness in our overly indulgent culture that's resulting in sickening entitlement mentality.
Pay your own damn bills.
They did pay their bills, for 25+ years but because of interest rates and lack of bankruptcy protection, they still have a balance with no end in sight. The income based repayment plans were always meant to last no longer than 20-30 years. And you are out a ton of money if you made income based payments for 25 years.
Omg.....you mean there is interest charged on a loan and an amortization schedule? Holy crap, welcome to the real world children.
We know, we know....adulting is hard. You paid the minimum like a moron and wonder why you're still paying 10 years later.
Truly amazing how people are getting to 40 years old these days and have the mindset of barely functional teenagers. This country is doomed.
If “adulting” means being a mean, cold stone-hearted jerk like you, then I would rather be a teenager indefinitely. And really what dooms this country are scorched earth capitalists like you who have no regard or empathy for anyone but themselves.
Adulting means delaying gratification to payoff your debts like I did. I paid off $80k in loans. I spent 10 minutes learning about finance 101, interest rates, and what it'd mean if I just paid the minimum every month. Because I was a responsible adult and not a dumbass, I paid extra every month on my loans. I used every single tax break and bonus on them. For years I forewent driving around in a nice car, I rarely bought new clothes, I hardly bought new cell phones, I didn't go on swanky trips, I didn't live in an stupidly expensive urban center, I didn't go out to happy hour and restaurants constantly with friends.....I delayed tons of gratification to pay off what I owed and what I agreed to payback. I knew it was stupid to pay the minimum because it'd tack on thousands in interest and add years of payments.
Maybe clown shows like you and the rest of the whiners would learn some good life lesson to learn how to live with less and minimalism. Shit, delayed gratification would do this country wonders during a time when everyone now thinks they're entitled to everything just because they exist and breathe air.
Quit buying crap you don't need, move to a low cost of living area, and delay your gratification. Once you finally learn financial discipline, use the difference to payoff your bills.
So sickof the rampant entitlement mentality these days. You aren't special, nor do you deserve anything simply because you exist.
People who've been paying their student loans for 20 years certainly don't feel entitled and likely have paid more in principal + interest than you've paid. You should be thanking them for pouring more money into the federal coffers. You're welcome.
Anonymous
07/14/2023 21:29
Subject: Student loan forgiveness given new life
Republicans are screwing over people going to trade schools as well.