Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This feels very weird as a Gen X who paid off all of my loans (and it took many years) who is about to start paying for my Gen Z to go to college where all EFC calulators have us paying for everything without assistance.

If they are smart or have a talent they will get assistance.

Are you suggesting they take out a loan with no intention of paying it back?

DP that would be dumb because all the forgiveness programs require you to make payments for 10-20 years.

Anonymous wrote:

Anonymous wrote:This feels very weird as a Gen X who paid off all of my loans (and it took many years) who is about to start paying for my Gen Z to go to college where all EFC calulators have us paying for everything without assistance.

If they are smart or have a talent they will get assistance.

Are you suggesting they take out a loan with no intention of paying it back?

Anonymous wrote:Rather than a 10-20 year waiting period for forgiveness, there should be a 10-20 year waiting period to allow the loans to be discharged in bankruptcy.

If you *actually* can’t pay after a decade or two there is still an “out”, but if you’re gaming the system and simply choose not to pay you’re going to be held accountable somewhat rather than simply rewarded.

It's not "gaming the system" to follow the rules and participate in a program that is working as intended.

Rather than a 10-20 year waiting period for forgiveness, there should be a 10-20 year waiting period to allow the loans to be discharged in bankruptcy.

If you *actually* can’t pay after a decade or two there is still an “out”, but if you’re gaming the system and simply choose not to pay you’re going to be held accountable somewhat rather than simply rewarded.

These beneficiaries are leeches on the rest of financially responsible society who were compelled to pay for what someone else wanted.

Anonymous wrote:Can’t wait timo have my kids get loans and then just not pay them. What a bunch of scumbags.

The forgiveness programs require 10-20 years of payments

Anonymous wrote:This feels very weird as a Gen X who paid off all of my loans (and it took many years) who is about to start paying for my Gen Z to go to college where all EFC calulators have us paying for everything without assistance.

If they are smart or have a talent they will get assistance.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You’re welcome.

-A taxpayer who took personal responsibility for their student debt.

+1
+2 my husband did as well

You mean at your federally subsided university, after you got educated for free at the govt run public school, and your mortgage interest reduction, and federally backed and subsidized historically low interest rates.

Don't be ridiculous, I'm sure the PPs and their families have made zero use of taxpayer funded services and programs like roads, police, stormwater management, emergency medical services, schools, Medicare, Social Security, national defense, environmental protection, energy infrastructure, food safety and security....

They simply appeared on a deserted island as naked babies that found food to eat all by themselves, taught themselves to survive and to read and write and created infrastructure on the island all by themselves, eventually swimming to the United States and becoming a job creator so be grateful!

Can’t wait timo have my kids get loans and then just not pay them. What a bunch of scumbags.

Anonymous wrote:Congratulations, OP!

(Unless this is a thread designed to make people mad, in which case no thanks OP. But assuming you are real, I'm really happy for you. It took me 21 years to pay off my loans, and I am really happy for anyone who get some relief from that hanging over them.)

Simple concept: pay what you owe; there is no forgiveness, you just put your debt onto someone else. You are a deadbeat.

This feels very weird as a Gen X who paid off all of my loans (and it took many years) who is about to start paying for my Gen Z to go to college where all EFC calulators have us paying for everything without assistance.

Anonymous wrote:

Anonymous wrote:Also you can get a loan to pay off the "tax bomb" which is much easier to pay off than the full student loan amount.

Get out of debt with the government by going into debt with a private creditor; what could go wrong?

I assume you pay for your car and your house with cash then?

Loans are a thing. They are not all bad. Especially if you're exchanging a big loan for a much smaller one.

Anonymous wrote:Congrats OP! DH’s loans were forgiven in 2022 via PSLF. It was so freeing. I’m happy for you!

A program by George W

Come on y’all this is bipartisan

Anonymous wrote:

Anonymous wrote:You’re welcome.

-A taxpayer who took personal responsibility for their student debt.

+1
+2 my husband did as well

You mean at your federally subsided university, after you got educated for free at the govt run public school, and your mortgage interest reduction, and federally backed and subsidized historically low interest rates.

Anonymous wrote:Also you can get a loan to pay off the "tax bomb" which is much easier to pay off than the full student loan amount.

Get out of debt with the government by going into debt with a private creditor; what could go wrong?