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re: I could consider a LIMITED student loan relief program, under one condition: Fix it.
Posted on 7/3/23 at 1:54 pm to imjustafatkid
Posted on 7/3/23 at 1:54 pm to imjustafatkid
I am not opposed to capping interest rates/eliminating compound interest for federally backed loans. Government programs shouldn't need 5%+ to cover their administrative costs.
You can already deduct up to $2,500 in student loan interest on your taxes though, so it's not as big of an issue for the debtor as one might think at first glance.
You can already deduct up to $2,500 in student loan interest on your taxes though, so it's not as big of an issue for the debtor as one might think at first glance.
Posted on 7/3/23 at 2:08 pm to GeauxGriff
quote:
You can already deduct up to $2,500 in student loan interest on your taxes though, so it's not as big of an issue for the debtor as one might think at first glance.
Yes, but this just keeps people paying college loans in perpetuity. There isn't a single problem that college loans aren't contributing to.
We talk all the time about how fewer people are saving for retirement, but no one ever seems to mention that having to pay for college loans for your entire career is contributing to that problem.
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