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re: How much student debt do you have currently?

Posted on 11/13/15 at 7:53 am to
Posted by WeeWee
Member since Aug 2012
40196 posts
Posted on 11/13/15 at 7:53 am to
quote:

What are the current rates?


I had a credit score over 800 and $0 in debt for undergrad and grad school, but thanks to the gubment wanting to support SJW getting liberal fart degrees the lowest rate I could get was 7.2%. The student loan deal that Obama signed a few years back really sticks it to the ones who are getting degrees that will actually help society.
Posted by gatorguru
New Orleans
Member since Aug 2014
333 posts
Posted on 11/13/15 at 7:57 am to
the loans are already being forgiven or cancelled in one way or another.Forgiving all of the loans would be nice but I won't hold my breath.

My situation, I have to make 10 years of payments and then the rest of my loans are eligible for forgiveness.

A lot of people up in arms over the ideas of loans being cancelled out or forgiven always bring up the taxpayer thing.

What about a professional who:
1) took out a student loan
2) got his or her degree
3) has payments that are either too high to make based on income/salary
4) and the debt is so much that even if he/she never misses a payment in life, the loan will never be paid off.
5) Also, the professional is a taxpaying citizen


In that situation, why are others so up in arms over the idea of the debt being cancelled? You say it's stealing from taxpayers...well do we assume that person isn't a taxpayer? just wondering
Posted by yellowfin
Coastal Bar
Member since May 2006
97729 posts
Posted on 11/13/15 at 8:01 am to
It didn't even go by credit score back when I got mine


My parents paid for school but I ended up graduating with about 15k due to funding spring breaks, ski trips, beers, NYC, etc.

I think about $75 get autodrafted from my account every month
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