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Posted on 7/13/23 at 11:19 am to Mickey Goldmill
If you're a college grad and you make $32,800 your student loan is the least of your worries
Posted on 7/13/23 at 12:31 pm to Mickey Goldmill
quote:
Of course I did, and I will pay it back according to those terms. Not coming from a wealthy family, student loans were my only option to pay for law school. Obviously, I’d prefer a lower interest rate.
$30,000 over 10 years at 8% interest is a payment of $364 per month.
$30,000 over 10 years at 4% interest is a payment of $304 per month.
Nobody gives a shite about getting their rate lowered. You are all a bunch of freeloaders who want your debt cancelled.
But I am good with student loans being treated like a mortgage default. It is better to have people back in the consumer marketplace rather than trying to not show income. And the banks should lose money for giving loans to people who they shouldn't have given loans to. It should make it harder for people to get loans who are not in a serious course of study.
This post was edited on 7/13/23 at 12:41 pm
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