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re: Cancel student debt for nearly everyone?
Posted on 1/15/20 at 6:56 am to TDsngumbo
Posted on 1/15/20 at 6:56 am to TDsngumbo
quote:And I would expect a check for the roughly 60k that I paid out of pocket, without taking out a loan
I would expect a check for the roughly $15,000 that I paid off three years after graduating then.
1
Posted on 1/15/20 at 7:16 am to Epic Cajun
quote:
Why not just make the interest rates for student loans capped at 1-2%? Total forgiveness is dumb and I’m saying this knowing I would benefit greatly from the 50k forgiveness. I also wonder is that includes those people who refinanced or consolidated their loans through a private company.
This right here. I had 90K in student loan debt after grad school. Took a job with a contract that paid 50k towards my student loans. After paying on my student loans for 3 years with that 50K, My loan debt was 70k. The interest is crazy. Make it where you can actually pay it off, and not break it off in the arse of those in debt and this problem could be solved.
I am NOTin favor of cancelling student loan debt. I believe if you borrowed it, you should pay it off, but make it where it can be paid off realistically.
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