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re: How much student debt do you have currently?
Posted on 11/13/15 at 7:57 am to WeeWee
Posted on 11/13/15 at 7:57 am to WeeWee
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
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
5
Posted on 11/13/15 at 7:59 am to gatorguru
$ 0.00 - same now as the day I graduated....
Posted on 11/13/15 at 8:00 am to gatorguru
quote:
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
You obviously have not read Clinton or Sander's plans. The government will just pick $1.2trillion in debt without the individual making a single payment.
Posted on 11/13/15 at 8:03 am to gatorguru
Are you serious?
Posted on 11/13/15 at 8:05 am to gatorguru
I am the professional that you describe. You know how I treat my loans? Like it's a mortgage payment for a place in Steamboat that I never visit. Where people really get "into trouble" is living like a pauper for the very important 10 years right after school just to pay back their loans in an expedited way. Screw that. I'd rather just pay them back on schedule and live well.
My loans don't cause me much hardship and without them I wouldn't have the income that I do. Maybe I should've lived poorer during school but I enjoyed my 9 years in Baton Rouge and wouldn't change a thing.
My loans don't cause me much hardship and without them I wouldn't have the income that I do. Maybe I should've lived poorer during school but I enjoyed my 9 years in Baton Rouge and wouldn't change a thing.
This post was edited on 11/13/15 at 8:07 am
Posted on 11/13/15 at 8:16 am to gatorguru
quote:
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
That's their fricking problem. Make a wiser investment. Don't blow a bunch of money. Live meagerly like the wife and I did...with a kid. Get a degree that is worth the money you spent on it. We spent ours getting doctorates that would guarantee each of us a 6 figure income for the rest of our careers. We understood that tuition is the price you pay for that. Just like any other investment. I do think student loans should be tax deductible, but that's a whole other argument and would benefit me zero since ours are paid off.
Pay your own bills mf'ers. Why should I pay yours and mine?
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