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Posted on 7/13/23 at 2:43 pm to anc
Phrasing...please.
Posted on 7/13/23 at 2:45 pm to anc
It’s still 10% of grad loans. I plugged my numbers in and I’d save like $90 a month. Not nothing but not back door forgiveness for grad students who have high incomes.
Posted on 7/13/23 at 2:48 pm to anc
quote:
No interest if payments are made on time.
If the loan is provided with taxpayer dollars, who pays the interest on those taxes being borrowed for this program? Oh right, TAXPAYERS. So we get to pay taxes on the taxes we already paid...how benevolent of fedgov...
This post was edited on 7/13/23 at 2:49 pm
Posted on 7/13/23 at 3:06 pm to anc
Must be nice to be king.
Posted on 7/13/23 at 3:14 pm to anc
quote:
It's called the SAVE Plan and it will replace the current Income-Driven Repayment Plans. All borrowers will be eligible
No payments required for those who earn less than 225% of federal poverty line ($32,800 currently) - up from $22000 now.
No interest if payments are made on time. (Includes $0 payments in scenario above)
Payments capped at 5% of discretionary income (down from 10%)
Borrowers with balances of $12,000 or less will get loans canceled after 10 years. For every $1,000 over this, cancellation will come after additional year.
Once again, the Progressive skanks in charge are rewarding poor decision making, which defines most of their base.
Borrow money, get a good degree, make great money? PAY IT BACK
Get a stupid degree, can't find a job? DONT WORRY, YOUR PEDO IN CHIEF GOT YOUR BACK
Posted on 7/13/23 at 3:25 pm to anc
this is why the value of college sucks and gets worse every year.
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