Anonymous
07/02/2023 17:11
Subject: Re:SCOTUS on Student Loan 9 - 0
Anonymous wrote:Anonymous wrote:Anonymous wrote:I’m confused about this recent tweet by former New York State Senator Alessandra Biaggi:
In 2012, I graduated from Fordham Law School with $180,000 is student loan debt.
I’ve been paying loans for 11 years. Even paid two of them off completely.
In 2023, my balance is $206,000.
Forgive my ignorance, but how is this possible, especially if she has been paying (without interruption , I assume) for 11 years and has paid two off completely? Is nothing going toward the principle? Did she go through a loan shark? I don’t understand this.
Because people are dumb, take out $180k in debt, and don't do 5 minutes of hw learning about the concept of loan amortization.
These exaggerated talking points are comical. The overwhelming majority of federal borrowers have nowhere near $180K in loans. You can't take out more than $30K in federal loans for undergrad.
It was for law school numbnuts. You sound oblivious to GradPlus loans that law school students typically use.
Do try to keep up next time before embarrassing yourself.
Anonymous
07/02/2023 16:57
Subject: Re:SCOTUS on Student Loan 9 - 0
Anonymous wrote:Anonymous wrote:I’m confused about this recent tweet by former New York State Senator Alessandra Biaggi:
In 2012, I graduated from Fordham Law School with $180,000 is student loan debt.
I’ve been paying loans for 11 years. Even paid two of them off completely.
In 2023, my balance is $206,000.
Forgive my ignorance, but how is this possible, especially if she has been paying (without interruption , I assume) for 11 years and has paid two off completely? Is nothing going toward the principle? Did she go through a loan shark? I don’t understand this.
Because people are dumb, take out $180k in debt, and don't do 5 minutes of hw learning about the concept of loan amortization.
These exaggerated talking points are comical. The overwhelming majority of federal borrowers have nowhere near $180K in loans. You can't take out more than $30K in federal loans for undergrad.
Anonymous
07/02/2023 16:36
Subject: SCOTUS on Student Loan 9 - 0
Anonymous wrote:Anonymous wrote:Maybe instead of relying on the gov’t to bail out these students we need to be teaching our kids about trades and not taking out hundreds of thousands of dollars for a worthless degree they’ll never earn enough in a career to pay back. We need to empower ourselves and our children. Quit relying on the gov’t to protect you. I think we should have leaned our lesson with Covid and vaccine mandates.
Fine, tell your kids to go to trade school then.
Why? My kids received excellent education from top US schools for free (one got full ride and one got full tuition merit based scholarships). Each university in US offers merit base scholarship. Those losers who took loans just have to study hard to get those.
Anonymous
07/02/2023 16:08
Subject: SCOTUS on Student Loan 9 - 0
Anonymous wrote:Anonymous wrote:The people whose loans Biden wanted to forgive- in your opinion are they HEROES?
People who really believed it is going to happen are a huge concern. How possibly you can have a college education and realistically believe that Biden's promise is just that, the promise that he will never fulfill. Is he going to campaign on it again? Absolutely! Are all those people who were duped first time going to vote for him again? Probably yes.
+1
Anonymous
07/02/2023 15:08
Subject: SCOTUS on Student Loan 9 - 0
Anonymous wrote:Anonymous wrote:Maybe instead of relying on the gov’t to bail out these students we need to be teaching our kids about trades and not taking out hundreds of thousands of dollars for a worthless degree they’ll never earn enough in a career to pay back. We need to empower ourselves and our children. Quit relying on the gov’t to protect you. I think we should have leaned our lesson with Covid and vaccine mandates.
Fine, tell your kids to go to trade school then.
I definitely would, if it would be a better fit. Plumbers, electricians, and other tradesmen can make a h--ll of a lot more money then some kid who shouldn't really be in college and quits or ends up with a pile of debt and no way to really earn a living.
Anonymous
07/02/2023 15:03
Subject: SCOTUS on Student Loan 9 - 0
Anonymous wrote:Anonymous wrote:Anonymous wrote:Maybe instead of relying on the gov’t to bail out these students we need to be teaching our kids about trades and not taking out hundreds of thousands of dollars for a worthless degree they’ll never earn enough in a career to pay back. We need to empower ourselves and our children. Quit relying on the gov’t to protect you. I think we should have leaned our lesson with Covid and vaccine mandates.
Fine, tell your kids to go to trade school then.
NP, but I'm definitely going to sit my kids down and explain all the options, including trade school, financing for each, and what potential paths look like.
I feel sorry for the kids who didn't have good guidance and were just told to "sign on the dotted line and everything will be great!"
But that doesn't mean I think taxpayers should pay off their loans for them.
Yep. My DD is going to her third choice college because they gave most merit. Between that, our savings, and her working summers, she can graduate debt free. In the meantime several of her friends will be over 120k in debt on graduation. They could do CC first 2 years or live at home but aren’t.
Anonymous
07/02/2023 14:21
Subject: SCOTUS on Student Loan 9 - 0
Anonymous wrote:Anonymous wrote:Maybe instead of relying on the gov’t to bail out these students we need to be teaching our kids about trades and not taking out hundreds of thousands of dollars for a worthless degree they’ll never earn enough in a career to pay back. We need to empower ourselves and our children. Quit relying on the gov’t to protect you. I think we should have leaned our lesson with Covid and vaccine mandates.
Fine, tell your kids to go to trade school then.
NP, but I'm definitely going to sit my kids down and explain all the options, including trade school, financing for each, and what potential paths look like.
I feel sorry for the kids who didn't have good guidance and were just told to "sign on the dotted line and everything will be great!"
But that doesn't mean I think taxpayers should pay off their loans for them.
Anonymous
07/02/2023 14:21
Subject: SCOTUS on Student Loan 9 - 0
Anonymous wrote:Anonymous wrote:Anonymous wrote:Why aren't we forgiving medical debt before student loan debt?
Love how this question goes unanswered
I guess you cannot read. It was clearly answered a few posts ago.
NP. Not really. It was just a bunch of whiny reasons why student loans should be forgiven before other kinds of debts (e.g. cancer patients w/ medical debt) by privileged dopes who took out too many loans for their spring break trips back in the early 2000s while getting unmarketable degrees.
Anonymous
07/02/2023 14:13
Subject: SCOTUS on Student Loan 9 - 0
Anonymous wrote:Anonymous wrote:Why aren't we forgiving medical debt before student loan debt?
Love how this question goes unanswered
I guess you cannot read. It was clearly answered a few posts ago.
Anonymous
07/02/2023 13:07
Subject: SCOTUS on Student Loan 9 - 0
Anonymous wrote:Why aren't we forgiving medical debt before student loan debt?
Love how this question goes unanswered
Anonymous
07/02/2023 12:48
Subject: SCOTUS on Student Loan 9 - 0
Anonymous wrote:Maybe instead of relying on the gov’t to bail out these students we need to be teaching our kids about trades and not taking out hundreds of thousands of dollars for a worthless degree they’ll never earn enough in a career to pay back. We need to empower ourselves and our children. Quit relying on the gov’t to protect you. I think we should have leaned our lesson with Covid and vaccine mandates.
Fine, tell your kids to go to trade school then.
Anonymous
07/02/2023 12:47
Subject: SCOTUS on Student Loan 9 - 0
Maybe instead of relying on the gov’t to bail out these students we need to be teaching our kids about trades and not taking out hundreds of thousands of dollars for a worthless degree they’ll never earn enough in a career to pay back. We need to empower ourselves and our children. Quit relying on the gov’t to protect you. I think we should have leaned our lesson with Covid and vaccine mandates.
Anonymous
07/02/2023 12:43
Subject: Re:SCOTUS on Student Loan 9 - 0
Anonymous wrote:Anonymous wrote:Anonymous wrote:I’m confused about this recent tweet by former New York State Senator Alessandra Biaggi:
In 2012, I graduated from Fordham Law School with $180,000 is student loan debt.
I’ve been paying loans for 11 years. Even paid two of them off completely.
In 2023, my balance is $206,000.
Forgive my ignorance, but how is this possible, especially if she has been paying (without interruption , I assume) for 11 years and has paid two off completely? Is nothing going toward the principle? Did she go through a loan shark? I don’t understand this.
Because people are dumb, take out $180k in debt, and don't do 5 minutes of hw learning about the concept of loan amortization.
So the payments don’t include principle + interest?
Holy crap.
Imagine buying a car, a home, taking out a loan for college, etc. etc. before learning basic finance 101. Insane.
https://www.thebalancemoney.com/how-amortization-works-315522
So many Americans apparently must be borrowing money and are obvious to 5th grade financial math. Crazy how you people borrow $200k for school and $700k for a home and don't know your obligations.
Anonymous
07/02/2023 12:42
Subject: SCOTUS on Student Loan 9 - 0
Anonymous wrote:Why aren't we forgiving medical debt before student loan debt?
Because you can forgive it yourself... it's called bankruptcy. That's not an option with student loans.
Anonymous
07/02/2023 12:28
Subject: SCOTUS on Student Loan 9 - 0
Anonymous wrote:Why aren't we forgiving medical debt before student loan debt?
Medical debt is unsecured, can be negotiated down or forgiven, and already falls off your credit report after so many years. You can take out federal students loans at age 18 and die with the debt & interest on your credit report at age 78.