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re: Biden's Back Door Student Loan Forgiveness

Posted on 7/13/23 at 9:58 am to
Posted by anc
Member since Nov 2012
18143 posts
Posted on 7/13/23 at 9:58 am to
Real life examples.

Jim went to engineering school and has $20,000 in loans. He has a nice $60,000 salary. His required payment will be $113 for up to 18 years.

Mary went to gender studies school and got $100,000 in loans. She works as a barista at Starbucks and makes $20,000. She will never have to make a payment as long as her income is not over $32,800.

They know what they are doing.
This post was edited on 7/13/23 at 10:02 am
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423384 posts
Posted on 7/13/23 at 10:00 am to
quote:

She will never have to make a payment as long as her income is not over $32,800.

But the loan will never be forgiven, either.
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