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Started By
Message
Student Loan Debt Cancellation - Should people who paid off during freeze get refunds?
Posted on 6/17/22 at 1:47 pm
Posted on 6/17/22 at 1:47 pm
I think the student loan forgiveness thing is a bad idea for many reasons. However, I really hate that people who did the right thing and paid them off (especially during these past couple of years when interest was at 0%) are screwed over.
Yes, I'm mad because I paid them off during the freeze.
Yes, I'm mad because I paid them off during the freeze.
22
Posted on 6/17/22 at 1:50 pm to GetCocky11
I will be mad if they make the forgiveness $20k b/c it will tell me that I shouldn't have paid my SL during the freeze.
It will still make me mad b/c I've paid tens of thousands of dollars ahead already and they won't rebate me that money, either.
It will still make me mad b/c I've paid tens of thousands of dollars ahead already and they won't rebate me that money, either.
Posted on 6/17/22 at 2:12 pm to GetCocky11
Just allow people to write them off in bankruptcy
Posted on 6/17/22 at 2:15 pm to GetCocky11
Why on earth did you people continue to pay this shite during the freeze lol
Posted on 6/17/22 at 2:22 pm to SlowFlowPro
quote:
It will still make me mad b/c I've paid tens of thousands of dollars ahead already and they won't rebate me that money, either.
how mad are those of us who didn't take any loans at all and got through without debt going to be?
tough 6.5 years where i lived like a hobo and took no vacations or had fun. hell i didn't even have enough money to start drinking till i was 24
Posted on 6/17/22 at 2:35 pm to JohnnyKilroy
quote:
Why on earth did you people continue to pay this shite during the freeze lol
Because they could get ahead on their loan without compounding interest and pay it off quicker. Many will not qualify for debt cancellation, whenever that comes.
Posted on 6/17/22 at 2:36 pm to tduecen
quote:You can
Just allow people to write them off in bankruptcy
Posted on 6/17/22 at 2:48 pm to AllbyMyRelf
quote:
Just allow people to write them off in bankruptcy You can
Only if you plan to spend the rest of your life as a vegetable, otherwise it’s not dischargeable as part of bankruptcy.
Posted on 6/17/22 at 2:57 pm to tide06
That’s not true lol
Posted on 6/17/22 at 3:15 pm to AllbyMyRelf
quote:
quote:
Just allow people to write them off in bankruptcy
You can
Source
Posted on 6/17/22 at 4:00 pm to vistajay
quote:
Because they could get ahead on their loan without compounding interest and pay it off quicker. Many will not qualify for debt cancellation, whenever that comes.
You can do that without paying during the freeze lol.
I haven’t paid a single cent on my students loans since march of 2020 and I will still never pay another cent in interest on them.
Posted on 6/17/22 at 4:10 pm to GetCocky11
What about the stupid people, like me, that worked while in school as to lot graduate with debt?
Sucks for me - oh well
Sucks for me - oh well
Posted on 6/17/22 at 5:03 pm to armsdealer
Brunner v. New York State Higher Education Services Corp., 831 F.2d 395, 396 (2nd Cir. 1987)
Posted on 6/17/22 at 5:39 pm to GetCocky11
Every human interest story published focuses on peoples’ inability to pay down their debt. It seems like the practical solution would be to just eliminate the interest.
Posted on 6/17/22 at 5:49 pm to tduecen
quote:
Just allow people to write them off in bankruptcy
Or just reduce the statute of limitation for pursuit. The system is out of balance when the SOL for a student loan is the same as a homicide.
Posted on 6/17/22 at 6:24 pm to GetCocky11
I'll just be mad watching debt get canceled while I'm paying my 6 figure student debt while also knowing that I'm funding the canceled student loans with my 6 figure annual tax bill.
Double ouch.
Double ouch.
Posted on 6/17/22 at 8:00 pm to JohnnyKilroy
quote:
Why on earth did you people continue to pay this shite during the freeze
Maybe because they aren't pieces of shite and they believe they should repay the money they borrowed and not try to get something for free.
Posted on 6/17/22 at 8:21 pm to jfw3535
quote:
Maybe because they aren't pieces of shite and they believe they should repay the money they borrowed and not try to get something for free.
Nothing about that requires you to pay loans when your lender explicitly tells you that you do not have to pay at this time.
Posted on 6/17/22 at 8:28 pm to vistajay
quote:
Because they could get ahead on their loan without compounding interest and pay it off quicker. Many will not qualify for debt cancellation, whenever that comes.
This right here
Posted on 6/17/22 at 8:50 pm to GetCocky11
If they cancel any amount of student debt then they should eliminate the student loan program going forward.
It is patently unfair for the American taxpayers to redirect wealth to college educated people. This would be at the expense of people who couldn't afford to attend college or were responsible enough to pay the loans they incurred
It is patently unfair for the American taxpayers to redirect wealth to college educated people. This would be at the expense of people who couldn't afford to attend college or were responsible enough to pay the loans they incurred
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