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Message
re: Brandon: Student Loan Pause to end 12/31/22, Payments to be capped at 5% monthly income
Posted on 8/24/22 at 11:09 am to waiting4saturday
Posted on 8/24/22 at 11:09 am to waiting4saturday
quote:
Cap re-payments at 5% of your income but that interest is going to be racking up.
This plan is almost brilliant. For most people the upfront reduction will be counteracted by long term interest accrual.
3
Posted on 8/24/22 at 11:16 am to JKLazurus
Dems buying votes. I doubt if it helps. When Trump goes back in the Oval office he should issue an executive order that requires a forensic audit on every member of Congress.
Posted on 8/24/22 at 11:23 am to JKLazurus
quote:
For most people the upfront reduction will be counteracted by long term interest accrual.
They will never pay that interest accrual though. The Dems will continue to use and dangle this carrot every election now and keep forgiving debt in perpetuity
Posted on 8/24/22 at 11:35 am to JKLazurus
quote:Let's be honest, most student loan borrowers can't even understand the basics of "I took some money, I need to give it back" much less an amortization loan balances.
This plan is almost brilliant. For most people the upfront reduction will be counteracted by long term interest accrual.
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