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re: I worked 2-3 jobs at a time to pay off my student loans
Posted on 6/24/19 at 10:48 am to The Funnie Five
Posted on 6/24/19 at 10:48 am to The Funnie Five
quote:
I worked 2-3 jobs at a time to pay off my student loans
I wish people had the same approach for immigration
Sadly, many do not.
0
Posted on 6/24/19 at 10:51 am to 3nOut
I assume you are white and this is your privilege talking. Lots of non-whites don’t understand interest and debt repayment and stuff that your real estate magnate/investment banker father taught you.
This post was edited on 6/24/19 at 10:52 am
Posted on 6/24/19 at 10:52 am to SlowFlowPro
I have over $40k in loans from my Masters. I’m on an income based repayment plan. I haven’t consolidated my loans because my loans are forgiven after 25 years of payments on this plan if I have to pay that long. And they’ll work with me if I lose my job. I have not deferred my loans at any time. I’m hoping I don’t have to.
Still, my minimum payment is $320/month. That’s not unrealistic or unaffordable. When I made less, my monthly payment was like $160/mo. I’ve paid off one of the six loans I took out already. I made damn well sure I did not take out a private loan.
It’s ridiculous some of the decisions people are making regarding these loans. Fed Loans will work with you provided you update your Income Based Repayment Plan annually.
Still, my minimum payment is $320/month. That’s not unrealistic or unaffordable. When I made less, my monthly payment was like $160/mo. I’ve paid off one of the six loans I took out already. I made damn well sure I did not take out a private loan.
It’s ridiculous some of the decisions people are making regarding these loans. Fed Loans will work with you provided you update your Income Based Repayment Plan annually.
Posted on 6/24/19 at 10:54 am to The Funnie Five
Who could have possibly downvoted this post?
Posted on 6/24/19 at 11:00 am to The Funnie Five
quote:
I worked 2-3 jobs at a time to pay off my student loans
Sounds like white privilege to me, amirite?
Posted on 6/24/19 at 11:02 am to bluestem75
quote:
Still, my minimum payment is $320/month
quote:
my loans are forgiven after 25 years of payments
How is it 320/month exactly? At that rate, you'd have it paid off in 11 or so years.
Posted on 6/24/19 at 11:04 am to RogerTheShrubber
quote:
The average student loan amount is roughly the same as a low to medium price auto. I don't get the angst from those who have a moderate amount of student loan debt.
A lot of it’s coming from the ones who got worthless degrees and now can’t get a decent paying job.
Posted on 6/24/19 at 11:10 am to The Funnie Five
quote:You're part of the problem. I'll bet you're a white male. Your hard work and insistence on personal responsibility is some kind of patriarchal oppression thingamajig you've got going on, in your transparent attempt to keep women and people of color down.
26 months of busting my arse to pay off my student loans. What about people like me, Bernie?
#fightthepatriarchy
Posted on 6/24/19 at 11:21 am to The Funnie Five
Not that I really support wiping clean so much debt, but I have to ask, why does everyone ask “what about me?” regarding paid student debt, but no one asks the same question about TOPS?
TOPS came into existence one year after I graduated. They didn’t go back and give me TOPS money that I would have earned had it taken effect four years earlier.
If you already paid off your loans, great. The issue is about people with loans. Not you.
Again, I don’t support Bernie’s bill. But I just find this particular argument against it to be weak. Having had loans doesn’t entitle you to anything. Just as being born too early for TOPS entitles you to nothing. You just have to suck it up and realize you’re irrelevant to the issue at hand.
TOPS came into existence one year after I graduated. They didn’t go back and give me TOPS money that I would have earned had it taken effect four years earlier.
If you already paid off your loans, great. The issue is about people with loans. Not you.
Again, I don’t support Bernie’s bill. But I just find this particular argument against it to be weak. Having had loans doesn’t entitle you to anything. Just as being born too early for TOPS entitles you to nothing. You just have to suck it up and realize you’re irrelevant to the issue at hand.
Posted on 6/24/19 at 11:27 am to SpqrTiger
quote:
but I have to ask, why does everyone ask “what about me?” regarding paid student debt, but no one asks the same question about TOPS?
i can answer that specifically for me. if i was slumming it pre-TOPS like i did post-TOPS, i wouldn't have been paying tuition at LSU anyway
quote:
If you already paid off your loans, great. The issue is about people with loans. Not you.
the issue is changing the system in mid stream for people with direct associations (student loans)
the TOPS argument isn't really comparable b/c you didn't lose anything (because you didn't have the option to)
comparing people with student loans to others with student loans is much more comparable/like-to-like
my "i wouldn't have gone to shitty LSU" is similar to your argument and i agree it's not a good one. it's just me rage quitting life
Posted on 6/24/19 at 11:35 am to idlewatcher
quote:
How is it 320/month exactly? At that rate, you'd have it paid off in 11 or so years.
since its income based, if he got a job flipping burgers then his required payments wouldn't be very much. If he flipped burgers for 25 years then likely his loans would still have a balance so then they would be forgiven. At his current income he will pay off the loans before the 25 years.
Posted on 6/24/19 at 11:37 am to SpqrTiger
quote:
If you already paid off your loans, great. The issue is about people with loans. Not you.
I can only speak for myself but I made deliberate choices to pay off my loans as soon as possible. I sacrificed going out with friends, living in a nicer place, or saving for retirement and investing to do this.
Had I known that the loans would just be forgiven later on I may have made different decisions.
The best compromise would be to lower the rates on the outstanding debt. The rates the feds charging is insane for debts you cannot bankrupt. I am helping my mum pay off her old loans and they range from 6% to 8.25%.
Posted on 6/24/19 at 11:42 am to the808bass
quote:
I assume you are white and this is your privilege talking. Lots of non-whites don’t understand interest and debt repayment and stuff that your real estate magnate/investment banker father taught you.
humorously, my dad claimed me for the first 2 years of college (he was paying my health insurance) and i couldn't get any local financial aid. i took it in and gave them my dad's tax documents. The financial aid officer said, sorry you're white and a male with a well off family.
Posted on 6/24/19 at 11:44 am to The Funnie Five
Bernie thanks you. Pay up.
Posted on 6/24/19 at 11:54 am to airlinehwypanhandler
quote:
Exactly
Not only did OP work his arse off to pay off his loans, his taxes will now go up so he can pay for those who didn't pay their loans
Correct...and I've been downvoted 5 times.
Posted on 6/24/19 at 11:57 am to moneyg
I think it's pretty telling (and amazing) that people are more pissed about missing out on this opportunity than they are at the "reality" that they would be continually paying for the education of all others moving forward.
It's a sad state of affairs, IMO.
It's a sad state of affairs, IMO.
Posted on 6/24/19 at 12:07 pm to moneyg
quote:
think it's pretty telling (and amazing) that people are more pissed about missing out on this opportunity than they are at the "reality" that they would be continually paying for the education of all others moving forward.
I don't think that is the point. The point is socialism always rewards the irresponsible at the expense of the responsible.
Posted on 6/24/19 at 12:30 pm to The Funnie Five
quote:
I worked my regular job and a bartending job for 20 months to accelerate paying off my student loans, and then I worked my regular job, a part time bartending job, and drove for Uber for 6 months to finish paying off my student loans. A little over $95k paid off, all by myself, with no help 26 months of busting my arse to pay off my student loans. What about people like me, Bernie?
Wouldn't you receive all of that money back?
If not, why not?
Posted on 6/24/19 at 12:47 pm to The Funnie Five
100%. I will be furious if by some small chance this kind of bullshite happens. Worked my arse off for 6 years to kill a six-figure debt. All taxed.
Posted on 6/24/19 at 1:09 pm to The Funnie Five
quote:
What about people like me, Bernie?
I suffered so everyone else should too!!!1
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