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re: "Travel enthusiast” is grateful his student loans are forgiven
Posted on 4/14/24 at 10:49 am to WaydownSouth
Posted on 4/14/24 at 10:49 am to WaydownSouth
quote:
Its hilarious the people on here take issue with PSLF forgiveness which mostly benefits healthcare workers
Subsidies to farms and corporations suck too.
Its vote buying, nothing more. I'm a Ron Paul guy, not a Bernie Bro
0
Posted on 4/14/24 at 10:50 am to Deactived
quote:
But then they don't have a problem with government bailing out major corporations or subsidizing farmers
Your justifications for your situation are weird as hell.
Yep, never took him for one of "them"
Posted on 4/14/24 at 10:51 am to baldona
quote:
Why does that matter? If you are in a field that costs a lot it likely pays extremely well at some point.
If it doesn’t pay well, that was your own ignorant decision
Sorry just seeing this. I am in a field that pays very well, but would be paid even better if I was in the private sector. I enjoy my job, and am not likely to jump to the private sector after my loans are forgiven.
Oddly enough, I would have paid my loans off in full using the income based repayment system before the 10 year mark, but with the deferment on student loans due to coronavirus I will be able to have a lot of them forgiven. That being said, I pay a ton in taxes every year.
Posted on 4/14/24 at 10:51 am to Jcorye1
quote:No, it’s been claimed not to be the same thing multiple times. Unless I’ve missed it, which is possible, I’ve yet to see it explained how they are different, outside of one policy being better than the other.
It's been explained multiple times it's not the same thing. Hell, you can deduct student loan interest payments too , it's double taxation issues more than anything else.
And the student loan interest deduction is capped at a grand total of $2,500 at a MAGI of $70,000. It phases out to zero at $85,000. Hardly comparable.
Posted on 4/14/24 at 10:55 am to gasbaw
quote:
but with the deferment on student loans due to coronavirus
Gubment has sure made a mess of the entire economy.
Posted on 4/14/24 at 10:56 am to Jcorye1
quote:
Hell, you can deduct student loan interest payments too
Lulz only for poors.
Posted on 4/14/24 at 11:05 am to stout
liberal arts degree
Posted on 4/14/24 at 11:10 am to RogerTheShrubber
Voted for Rand Paul in 2016 myself baw.
I don't need to justify anything. The PSLF program was in place long before I took out student loans.
Why on earth would I voluntarily give our corrupt arse government more of my money?
I don't need to justify anything. The PSLF program was in place long before I took out student loans.
Why on earth would I voluntarily give our corrupt arse government more of my money?
Posted on 4/14/24 at 11:10 am to udtiger
quote:PSLF has always been non taxable. The 20-25 year standard forgiveness is taxable.
So long as the forgiveness is taxable income (as any other forgiven loan would be), that's fine.
This post was edited on 4/14/24 at 11:11 am
Posted on 4/14/24 at 11:49 am to Ingeniero
quote:
You didn't answer my question a few pages back. Does this mean you're for abolishing the GI bill too?
I consider serving in the military a whole lot more vital than encouraging more people to work in Government and create more bureaucratic red tape and BS so they can keep their jobs so no.
Posted on 4/14/24 at 11:53 am to WaydownSouth
quote:
Not technically. Over 10 years I'd earn another 10-15k a year working elsewhere. Which would come out to 100-150k over the 10 year frame.
Comes out to say $1000 a month extra. But after taxes, 401k contributions, insurance, etc. probably more like another $500 per month extra income.
My payment would go from $400 to $1100 to have them fully paid in 10 years.
So while I could technically earn more money over 10 years than what would be forgiven, I have more money to play with on a month to month basis going the forgiven route. Plus my schedule allows me to pick up side work in the for-profit space where I can make more anyway.
This is really no different than a couple having kids but never marrying while he uses his mom's address so she can claim to be a single mother. You are all scheming to take advantage of entitlement programs.
Posted on 4/14/24 at 11:53 am to WaydownSouth
quote:
Melt. Thanks to the save plan I'll be paying $400 instead of $1000 a month for another 5 years and will qualify for the same. 100k gone if approved.
Sounds like you’re a pussy who doesn’t honor contractual agreements
Posted on 4/14/24 at 11:56 am to stout
quote:
I consider serving in the military a whole lot more vital than encouraging more people to work in Government and create more bureaucratic red tape and BS so they can keep their jobs so no.
So you're for welfare queen handouts. Got it.
If you didn't want student debt you should've gone to trade school, not joined the military.
Posted on 4/14/24 at 11:58 am to WaydownSouth
quote:
Its hilarious the people on here take issue with PSLF forgiveness which mostly benefits healthcare workers. But then they don't have a problem with government bailing out major corporations or subsidizing farmers
How about those of us who have an issue with all of it?
I have made several posts about farm subsidies and people here on the OT told me that we must subsidize farmers no matter what!
My town was full of farmers and they all constantly said how poor they were but lived in large houses and constantly drove new vehicles. None of them were nearly as poor as they claimed to be.
The same as you. If you paid more in taxes in the past 5 years than the $100K you are getting forgiven as you claimed then you clearly don't need the subsidy.
Posted on 4/14/24 at 11:58 am to stout
Not really. One is lying saying you are a single mother when you aren't. The other is following the program set up by the govt to get people to work in the public sector for less money.
Posted on 4/14/24 at 12:01 pm to Ingeniero
quote:
So you're for welfare queen handouts. Got it.
If you didn't want student debt you should've gone to trade school, not joined the military.
You're really trying hard to make a silly point stick.
Also calling military veterans welfare queens is in bad taste on your part but you do you.
Posted on 4/14/24 at 12:02 pm to gasbaw
quote:
The other is following the program set up by the govt to get people to work in the public sector for less money.
He said he works a side job using his degree to make extra money. The same degree he got subsidized. He is no different at scheming the system than the others.
Posted on 4/14/24 at 12:05 pm to stout
But the government is still getting what it wants, which is him fulfilling his job in the public sector. You just seem to be jealous that he is hustling on the side.
Posted on 4/14/24 at 12:10 pm to gasbaw
quote:
which is him fulfilling his job in the public sector.
Good ole welfare.
Paying off student loans just makes education more expensive, except for the well to do kids who benefit from them.
Posted on 4/14/24 at 12:11 pm to stout
Cry some more. I worked the last 4 Christmas days while everyone else was home with family.
If you think you are going to make me feel bad for taking advantage of a program put in place a long time ago, it won't work.
If you think you are going to make me feel bad for taking advantage of a program put in place a long time ago, it won't work.
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